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Economic Theory and its History
This collection brings together leading economists from around the world to explore key issues in economic analysis and the history of economic thought. This book deals with important themes in economics in terms of an approach that has its roots in the works of the classical economists from Adam Smith to David Ricardo. The chapters have been inspired by the work of Neri Salvadori, who has made key contributions in various areas including the theory of production, the theory of value and distribution, the theory of economic growth, as well as the theory of renewable and deplorable natural resources. The main themes in this book include production, value and distribution; endogenous economic ...
Neo-Marxism and Post-Keynesian Economics
Piero Sraffa and Joan Robinson, both iconic Cambridge economists, were highly influenced by the economic theory of Karl Marx, and integrated important elements of Marx’s economic system into their theories. This book argues, based on published and unpublished documents, that the work of Sraffa and Robinson can in fact be considered as essentially post-Keynesian neo-Marxist. The first part of the book reviews the intellectual development of several key thinkers to this neo-Marxist current in economic thought: Kalecki, Steindl, Baran and Sweezy. Part One and Part Two separately examine Robinson and Sraffa’s works and questions how they fit into this specific neo-Marxist current, either bui...
Dynamic Approaches to Global Economic Challenges
This book addresses three big economic challenges from a dynamic perspective: European integration, economic growth, and global climate change. In the light of the recent crises of the European Union (EU), the first part of the book deals with challenges to the real, monetary and fiscal integration of the EU and required institutional adjustments. The second part of the book addresses fundamental challenges of advanced market economies like economic growth and changes of technologies. The final part focuses on the global challenge of climate change from an economic perspective and discusses policy strategies for a successful mitigation of climate change.
Chaotic Systems: Theory And Applications - Selected Papers From The 2nd Chaotic Modeling And Simulation International Conference (Chaos2009)
This volume contains a collection of papers suggested by the Scientific Committee that includes the best papers presented in the 2nd International Conference (CHAOS2009) on Chaotic Modeling, Simulation and Applications, that was held in Chania, Crete, Greece, June 1-5, 2009. The aim of the conference was to invite and bring together people working in interesting topics of chaotic modeling, nonlinear and dynamical systems and chaotic simulation.The volume presents theoretical and applied contributions on chaotic systems. Papers from several nonlinear analysis and chaotic fields are included and new and very important results are presented. Emphasis was given to the selection of works that have significant impact in the chaotic field and open new horizons to further develop related topics and subjects. Even more the selected papers are addressed to an interdisciplinary audience aiming at the broad dissemination of the theory and practice of chaotic modeling and simulation and nonlinear science.
Qualitative Theory of Dynamical Systems, Tools and Applications for Economic Modelling
The book presents the lectures delivered during a short course held at Urbino University in summer 2015 on qualitative theory of dynamical systems, included in the activities of the COST Action IS1104 “The EU in the new economic complex geography: models, tools and policy evaluation”. It provides a basic introduction to dynamical systems and optimal control both in continuous and discrete time, as well as some numerical methods and applications in economic modelling. Economic and social systems are intrinsically dynamic, characterized by interdependence, nonlinearity and complexity, and these features can only be approached using a qualitative analysis based on the study of invariant set...
Liberalism and the Philosophy of Economics
Drawing on recent work in the contemporary philosophy of economics, this book presents new ideas on liberalism, including the concept of ‘growth-oriented liberalism’. Since the end of the Cold War, questions and definitions of liberalism have moved from the sphere of political systems (the socialism versus liberalism debates) to the sphere of ethics (what it means to live in a liberal society). The chapters in this work trace the trajectory of the concept of liberalism in the philosophy of economics by exploring the ideological implications of the methodological debate between socialism and liberalism, the idea of liberty as real freedom, the ethical implications of Max Weber’s methodology on autonomy and liberty, and new typological theories of ideologies in the context of contemporary economic ethics. This book marks a significant contribution to the literature on liberalism in the philosophy of economics and economic methodology, and is highly recommended for readers who seek updated ideas on liberal society in its ethical and philosophical contexts.
Nonlinear Dynamics in Economics, Finance and the Social Sciences
Over the last two decades there has been a great deal of research into nonlinear dynamic models in economics, finance and the social sciences. This book contains twenty papers that range over very recent applications in these areas. Topics covered include structural change and economic growth, disequilibrium dynamics and economic policy as well as models with boundedly rational agents. The book illustrates some of the most recent research tools in this area and will be of interest to economists working in economic dynamics and to mathematicians interested in seeing ideas from nonlinear dynamics and complexity theory applied to the economic sciences.
Global Commerce in the Age of Enlightenment
Combining contextual, institutional, and global perspectives, this book evaluates the impact of international trade on eighteenth-century economic thought. It meticulously delineates how economic ideas and institutions flowed between North and South Europe and across the Indian and Atlantic Oceans during the Age of Enlightenment. Global Commerce in the Age of Enlightenment carefully explores contemporary debates about economic institutions, which were a crucial element in the race for controlling international trade. Eighteenth-century thinkers devoted much attention to the relative merits of existing institutions, such as free ports, grasped the dangers of economic dependence, and appraised emerging conceptions of property rights. The author draws on an impressive range of sources, including pamphlets and travel accounts, and work from lesser-known figures such as Pierre Poivre and Ange Goudar. This volume will be valuable reading for advanced students and researchers of the history of economic thought, economic history, political economy, the history of ideas, and global history.
Chaotic Systems
This volume contains a collection of papers suggested by the Scientific Committee that includes the best papers presented in the 2nd International Conference (CHAOS2009) on Chaotic Modeling, Simulation and Applications, that was held in Chania, Crete, Greece, June 15, 2009. The aim of the conference was to invite and bring together people working in interesting topics of chaotic modeling, nonlinear and dynamical systems and chaotic simulation. The volume presents theoretical and applied contributions on chaotic systems. Papers from several nonlinear analysis and chaotic fields are included and new and very important results are presented. Emphasis was given to the selection of works that have significant impact in the chaotic field and open new horizons to further develop related topics and subjects. Even more the selected papers are addressed to an interdisciplinary audience aiming at the broad dissemination of the theory and practice of chaotic modeling and simulation and nonlinear science.
Inequality and Stagnation
The book examines how the outgrowth of the financial industry has contributed to the recent tendencies towards inequality and stagnation. It proposes a monetary interpretation of these events using a Classical–Keynesian theoretical approach derived from the work of Keynes and Sraffa. The approach moves from the distributive conflicts among economic and social groups, presuming that they influence the legislation shaping the organisation of the markets and the policy of the authorities. It argues that the degrees of liquidity of assets, which reflect the individual perceptions of their future prices, ultimately depend on the organisation of the markets and policy decisions. The development ...
