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The Foundations of Non-Equilibrium Economics
This thought-provoking volume seeks to answer some of the ultimate economic questions in terms of a theory that emerged with Adam Smith and is now come to full fruition; the principle of circular and cumulative causation (CCC) This full-fledged theoretical framework explains the whole interplay of technology, firms, resources, culture, institutions and economic policy to understand the basic drives behind modern day economic dynamics.
Inhuman Conditions
Globalization promises to bring people around the world together, to unite them as members of the human community. To such sanguine expectations, Pheng Cheah responds deftly with a sobering account of how the "inhuman" imperatives of capitalism and technology are transforming our understanding of humanity and its prerogatives. Through an examination of debates about cosmopolitanism and human rights, Inhuman Conditions questions key ideas about what it means to be human that underwrite our understanding of globalization. Cheah asks whether the contemporary international division of labor so irreparably compromises and mars global solidarities and our sense of human belonging that we must radi...
Wrong Way
Since the 1980s, waves of neoliberal ‘economic reform’ have transformed Australia. Privatisation, deregulation, marketisation and the contracting out of government services: for three decades now, there has been widespread agreement among policymakers on the desirability of these strategies. But the benefits of economic reform are increasingly being questioned. Alongside growing voter disenchantment, new voices of dissent argue that instead of efficiency and improved services, economic reform has led to unaccountable oligopolies, increased prices, reduced productivity and degradation of the public good. In Wrong Way, Australia’s leading economists and public intellectuals do a cost–b...
Main Currents in Cumulative Causation
This book is the first comprehensive study of the theory of circular and cumulative causation. This theory is concerned with the general dynamics of growth and development in advanced industrial economies and developing nations. A detailed analysis of the theory's core concepts, including increasing returns, external economies, complementarity in production and consumption, and technological change is provided. The book provides a detailed account of the historical development of the concept and identifies and critically assesses the major contributions of the chief figures in this tradition.
Human Progress Amid Resistance to Change
In building their profession around carefully selected interpretations of the work of Adam Smith, Alfred Marshall and others, mainstream economists have embraced such concepts as "the invisible hand," "equilibrium," "consumer rationality," "the marginal productivity theory," "the inevitability of diminishing returns," and the fiction of "pure competition." In contrast, "the evolutionary economics" of Thorstein Veblen and Clarence Ayres challenges all of these concept as unproven and capable of telling us little or nothing about the actual operation of the economy. Using the evolutionary framework, Human Progress Amid Resistance to Change argues that all cultures since prehistory have faced t...
The Realities and Futures of Work
What do we know about the current realities of work and its likely futures? What choices must we make and how will they affect those futures? Many books about the future of work start by talking about the latest technology, and focus on how technology is going to change the way we work. And there is no doubt that technology will have huge impacts. However, to really understand the direction in which work is going, and the impact that technology and other forces will have, we need to first understand where we are. This book covers topics ranging from the ‘mega-drivers of change’ at work, power, globalisation and financialisation, to management, workers, digitalisation, the gig economy, ge...
Handbook of Alternative Theories of Political Economy
This Research Handbook advances entrepreneurship theory in new ways by integrating and contributing to contemporary theories of practice. Leading theorists and entrepreneurship experts, who are part of the growing Entrepreneurship as Practice (EaP) research community, expertly propose methodologies, theories and empirical insights into the constitution and consequences of entrepreneuring practices.
Issues & Studies
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Innovation and Knowledge-Intensive Service Activities
This study shows how knowledge-intensive services activities (KISAs) contribute to the acquisition and growth capabilities of firms and public sector organisations.
Apprentice Nation
College isn’t for everyone. It’s time to challenge the status quo and embrace the potential of apprenticeships in tech, healthcare, finance, and more—which can provide a sustainable pathway to economic opportunity. For decades, college has been the only respectable way to access the world of work, despite paralyzing tuition and a dire lack of practical skills that has left 40 percent of college graduates underemployed, unfulfilled, and struggling to repay student loan debt. Education and workforce expert Ryan Craig explores how a modern apprenticeship system will allow students and job seekers to jump-start their careers by learning while they earn—ultimately leading to greater workf...
