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Transition Economics
  • Language: en
  • Pages: 506

Transition Economics

  • Type: Book
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  • Published: 2012-07-26
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  • Publisher: Routledge

Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important a...

Monetary Macrodynamics
  • Language: en
  • Pages: 450

Monetary Macrodynamics

  • Type: Book
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  • Published: 2012-11-12
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  • Publisher: Routledge

This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective. Monetary Macrodynamics shows that the balanced growt...

Macroeconomic Policy Regimes in Western Industrial Countries
  • Language: en
  • Pages: 282

Macroeconomic Policy Regimes in Western Industrial Countries

  • Type: Book
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  • Published: 2011-02-15
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  • Publisher: Routledge

Macroeconomic Policy Regimes in Western Industrial Countries explains how certain countries have created a more liberal and market-based type of capitalism. The emphasis throughout is on how understanding macroeconomic policies, and the institutional framework in which they operate, is vital to understanding the long-run dynamics of a capitalist economy

Institutional Economics and National Competitiveness
  • Language: en
  • Pages: 265

Institutional Economics and National Competitiveness

  • Type: Book
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  • Published: 2011-07-29
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  • Publisher: Routledge

This book offers a strong contribution to the growing field of institutional economics, going beyond the question of why institutions matter and examines the ways in which different types of institutions are conducive to the enhancement of competitiveness and economic development. Adopting a variety of approaches, ranging from New Institutional Economics, Public Choice, Constitutional Political Economy and Austrian Economics, to more traditional economic approaches, contributors examine the important issues of interest to development economics. This book asks whether democracy is a pre-condition for economic development, what the proper role of government is in the age of globalization and w...

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics
  • Language: en
  • Pages: 388

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics

  • Type: Book
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  • Published: 2012-02-23
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  • Publisher: Routledge

In the course of this book it is argued that the loss of what is essentially "macro" in Keynes is the result of a preference for a form of equilibrium analysis that gives unqualified support to the ideology of free markets. In the case of Marx, his theory of exploitation and from this the stress on class struggle, led to an almost complete neglect of his contribution to the analysis of the aggregate demand and supply of commodities.

Economics Versus Human Rights
  • Language: en
  • Pages: 181

Economics Versus Human Rights

  • Type: Book
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  • Published: 2008-12-03
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  • Publisher: Routledge

In this book, Manuel Branco demonstrates that economics is intrinsically opposed to the promotion of human rights, in other words it is uncovering economic interests behind the persistent denial of human rights, especially economic, social and cultural rights.

Economic Theory and Social Change
  • Language: en
  • Pages: 466

Economic Theory and Social Change

  • Type: Book
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  • Published: 2010-06-30
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  • Publisher: Routledge

This book is a discourse on modelling Man in a social context. Its focus is on economic main-stream theory in its capacity to handle basic problems such as uncertainty, social dynamics and ethics. The point of departure is a systematic critique of the specific methodology of economics and its axiomatic structure. The ultimate aim is to develop an economic theory for a socially sustainable society. Economic Theory and Social Change analyses the foundation of economic market theory in relation to its social implications. On rejecting the axiomatic structure of the market theory Hasse Ekstedt and Angelo Fusari analyse the concept of growth and uncertainty with respect to a more realistic modell...

Computable, Constructive & Behavioural Economic Dynamics
  • Language: en
  • Pages: 812

Computable, Constructive & Behavioural Economic Dynamics

  • Type: Book
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  • Published: 2010-02-25
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  • Publisher: Routledge

The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour...

Ownership Economics
  • Language: en
  • Pages: 225

Ownership Economics

  • Type: Book
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  • Published: 2013-04-02
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  • Publisher: Routledge

This book presents the first full-length explanation in English of Heinsohn and Steiger's groundbreaking theory of money and interest, which emphasizes the role played by private property rights. Ownership economics gives an alternative explanation of money and interest, proposing that operations enabled by property lead to interest and money, rather than exchange of goods. Like any other approach, it has to answer economic theory's core question: what is the loss that has to be compensated by interest? Ownership economics accepts neither a temporary loss of goods, as in neoclassical economics, nor Keynes's temporary loss of already existing, exogenous money as the cause of interest. Rather, money is created as a non-physical title to property in a credit contract secured by a debtor's collateral and the creditor's net worth. This book is an edited English translation of a highly successful German text, and offers the first book-length treatment of a theory which has received much interest since its first appearance in articles in the late 1970s.

Wage Policy, Income Distribution, and Democratic Theory
  • Language: en
  • Pages: 330

Wage Policy, Income Distribution, and Democratic Theory

  • Type: Book
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  • Published: 2010-11-23
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  • Publisher: Routledge

Wage policy can be broadly defined as a set of institutions designed to bolster the wages of workers, especially for those workers who lack negotiating power. This book concentrates on the relationship between wage policy and the distribution of income and the maintenance of a sustainable democracy. Whereas economists have looked at this issue in relation to labour markets, this book aims to reset the balance by focusing on issues such as equality and democratic theory. This book makes an important contribution to the literature of public policy, political philosophy and political economy. Levin-Waldman argues that wage policy is an important component in the maintenance of democratic society and that a reduction in income inequality can have a positive effect both on personal autonomy and empowerment.