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Resources, Production and Structural Dynamics
Economists since the First Industrial Revolution have been interested in the links between economic growth and resources, often pointing to resource scarcities as a hindrance to growth. Offering a counter perspective, this volume highlights the positive role that scarcities can play in inducing technical progress and economic growth. It outlines a structural framework for the political economy of scarcity and rents, and offers a novel way of organizing the evidence concerning the role of resources in industrial growth. This book proposes a major shift in the treatment of scarcity issues by focusing on bottlenecks and opportunities arising within the production system, and will appeal to economists and policy makers interested in the role of resources as triggers of structural change.
The Political Economy of the Eurozone
The Eurozone is not a mere currency area. It is also a unique polity whose actors span multiple levels (supranational, national, regional, sectoral) and pursue overlapping economic and political objectives. Current thinking on the Eurozone relies on received categories that struggle to capture these constitutive features. This book addresses this analytical deficit by proposing a new approach to the political economy of the Eurozone, which captures economic and political interdependencies across different levels of decision making and sheds light on largely unexplored problems. The book explores the opportunities afforded by the structure of the Eurozone, and lays the foundations of a political economy that poses new questions and requires new answers. It provides categories that are firmly grounded in the existing configuration of the Eurozone, but are a precondition for overcoming the status quo in analysis and policy.
The Constitution of Political Economy
The two dominant conceptions of political economy are based on either reducing political decisions to rational-choice reasoning or, conversely, reducing economic structures and phenomena to the realm of politics. In this book, Adrian Pabst and Roberto Scazzieri contend that neither conception is convincing and argue for a fundamental rethinking of political economy. Developing a new approach at the interface of economic theory and political thought, the book shows that political economy covers a plurality of dimensions, which reflect internal hierarchies and multiple relationships within the economic and political sphere. The Constitution of Political Economy presents a new, richer conception of political economy that draws on a range of thinkers from the history of political economy, recognising the complex embedding of the economy and the polity in society. Effective policy-making has to reflect this embedding and rests on the interdependence between local, national, and international actors to address multiple systemic crises.
The Palgrave Handbook of Political Economy
This book is a major contribution to the study of political economy. With chapters ranging from the origins of political economy to its most exciting research fields, this handbook provides a reassessment of political economy as it stands today, whilst boldly gesturing to where it might head in the future. This handbook transcends the received dichotomy between political economy as an application of rational choice theory or as the study of the causes of societies’ material welfare, outlining a broader field of study that encompasses those traditions. This book will be essential reading for academics, researchers, students, and anyone looking for a comprehensive reassessment of political economy.
A Theory of Production
Investigates theories of production, concentrating on process and scale. Roberto Scazzieri presents a literature survey, develops his own theoretical framework, and applies his theory to recent economic history. It is based upon a rigorous reconstruction of the intellectual heritage of economics.
Reasoning, Rationality, and Probability
This volume broadens our concept of reasoning and rationality to allow for a more pluralistic and situational view of human thinking as a practical activity. Drawing on contributors across disciplines including philosophy, economics, psychology, statistics, computer science, engineering, and physics, Reasoning, Rationality, and Probability argues that the search for strong theories should leave room for the construction of context-sensitive conceptual tools. Both science and everyday life, the authors argue, are too complex and multifaceted to be forced into ready-made schemata.
A Reflection on Sraffa’s Revolution in Economic Theory
This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa’s economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa’s seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory. This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.
Incommensurability and Translation
Contributors from the fields of philosophy, history of science, linguistics, logic, and economics take inspiration from the work of the late Thomas Kuhn, scholar of history and the philosophy of science, to address a variety of research lines in the pragmatical dimension of language, the internal ambiguity of linguistic standards, and the critical role of constructive translation as a bridge between seemingly incommensurable paradigms and cultures. The volume's 28 contributions are divided into four sections: incommensurability, translation, and theory change; communicating science; cognition and formal reconstruction; and lexicon and semantics and primarily consist of articles which emerged from the International Conference on Languages of Science, organized by the University of Bologna in October 1995. Annotation copyrighted by Book News, Inc., Portland, OR
The Rules of the Game
In a global economy, environmental challenges and present as well as future demand and supply of energy are of crucial importance. Rules and institutions here are general tools to provide guidance for welfare improving solutions. In this context, researchers of the School of Management and Governance of the University of Twente and the Institute of Public Economics of the University of Muenster presented papers at a seminar at Rothenberge, published in this volume. The three main topics are: economic and institutional aspects of energy markets, economic implications of environmental laws, and the economics of international trade and markets.
The Economic Theory of Structure and Change
This wide-ranging 1991 inquiry into the general field of structural economic analysis provides a thorough appraisal of the method of economic dynamics.
