Economic Wealth Creation And The Social Division Of Labour

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Economic Wealth Creation and the Social Division of Labour

Author : Robert P. Gilles
Publisher : Springer
ISBN 13 : 3030044262
Total Pages : 311 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Economic Wealth Creation and the Social Division of Labour by : Robert P. Gilles

Download or read book Economic Wealth Creation and the Social Division of Labour written by Robert P. Gilles and published by Springer. This book was released on 2019-02-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘This is the second book of a two-volume set that continues Adam Smith's work, using the tools mathematical, experimental, and behavioural economists have developed since 1776. As in the first volume, markets are not the central organising principle. Instead, attention centres on social institutions and the division of labour that they enable. The book studies this via the endogenous division of labour that existing institutions help form. The first book in the series examined this problem deeply, resorting minimally to formal mathematical modelling; the second volume is where the formal modelling blossoms. General equilibrium theory meets network theory and receives a breath of fresh air, including a new viewpoint on economic inequality, the newly resurgent bane of capitalism. What I said for the first volume applies to this second volume equally: if you care to understand the economy, this book belongs to your bookshelf.’ —Dimitrios Diamantaras, Temple University, Philadelphia, USA This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour. This second volume introduces mathematical theories of the endogenous formation of social divisions of labour through which economic wealth is created. Gilles also investigates the causes of inequality in the social division of labour under imperfectly competitive conditions. These theories frame a comprehensive, innovative and consistent perspective on the functioning of the twenty-first century global economy, explaining many of its failings. Suitable reading for advanced undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political economy.

Economic Wealth Creation and the Social Division of Labour

Author : Robert P. Gilles
Publisher : Springer
ISBN 13 : 3319763970
Total Pages : 315 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Economic Wealth Creation and the Social Division of Labour by : Robert P. Gilles

Download or read book Economic Wealth Creation and the Social Division of Labour written by Robert P. Gilles and published by Springer. This book was released on 2018-07-26 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour. This volume investigates the formation of networks and hierarchical authority organisations, with a focus on the role of trust. Gilles also looks at the theory of growth and development, using real world examples and problem sets to put into practice. This title is suitable reading for undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political economy.

Economic Wealth Creation and the Social Division of Labour

Author : Robert P. Gilles
Publisher : Palgrave Macmillan
ISBN 13 : 9783030044251
Total Pages : 0 pages
Book Rating : 4.0/5 (442 download)

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Book Synopsis Economic Wealth Creation and the Social Division of Labour by : Robert P. Gilles

Download or read book Economic Wealth Creation and the Social Division of Labour written by Robert P. Gilles and published by Palgrave Macmillan. This book was released on 2019-02-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘This is the second book of a two-volume set that continues Adam Smith's work, using the tools mathematical, experimental, and behavioural economists have developed since 1776. As in the first volume, markets are not the central organising principle. Instead, attention centres on social institutions and the division of labour that they enable. The book studies this via the endogenous division of labour that existing institutions help form. The first book in the series examined this problem deeply, resorting minimally to formal mathematical modelling; the second volume is where the formal modelling blossoms. General equilibrium theory meets network theory and receives a breath of fresh air, including a new viewpoint on economic inequality, the newly resurgent bane of capitalism. What I said for the first volume applies to this second volume equally: if you care to understand the economy, this book belongs to your bookshelf.’ —Dimitrios Diamantaras, Temple University, Philadelphia, USA This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour. This second volume introduces mathematical theories of the endogenous formation of social divisions of labour through which economic wealth is created. Gilles also investigates the causes of inequality in the social division of labour under imperfectly competitive conditions. These theories frame a comprehensive, innovative and consistent perspective on the functioning of the twenty-first century global economy, explaining many of its failings. Suitable reading for advanced undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political economy.

Savage Economics

Author : David L. Blaney
Publisher : Routledge
ISBN 13 : 1135265038
Total Pages : 248 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis Savage Economics by : David L. Blaney

Download or read book Savage Economics written by David L. Blaney and published by Routledge. This book was released on 2010-01-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book challenges the most powerful and pervasive ideas concerning political economy, international relations, and ethics in the modern world. Rereading classical authors including Adam Smith, James Steuart, Adam Ferguson, Hegel, and Marx, it provides a systematic and fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics. Blaney and Inayatullah construct a powerful argument about how political economy and the capitalist market economy should be understood, demonstrating that poverty is a product of capitalism itself. They address the questions: Is wealth for some bought at the cost of impoverishing, colonizing, or eradicating others? What benefits of wealth might justify these human costs? What do we gain and lose by endorsing a system of wealth creation? Do even "savage cultures" contain values, critiques, and ways of life that the West still needs? Opening the way for radically different policies addressing poverty and demanding a rethink of the connections between political economy and international relations, this thought-provoking book is vital reading for students and scholars of politics, economics, IPE and international relations.

The Division of Labor in Society

Author : Émile Durkheim
Publisher : Digireads.com
ISBN 13 : 9781420948561
Total Pages : 0 pages
Book Rating : 4.9/5 (485 download)

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Book Synopsis The Division of Labor in Society by : Émile Durkheim

Download or read book The Division of Labor in Society written by Émile Durkheim and published by Digireads.com. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: mile Durkheim is often referred to as the father of sociology. Along with Karl Marx and Max Weber he was a principal architect of modern social science and whose contribution helped established it as an academic discipline. "The Division of Labor in Society," published in 1893, was his first major contribution to the field and arguably one his most important. In this work Durkheim discusses the construction of social order in modern societies, which he argues arises out of two essential forms of solidarity, mechanical and organic. Durkheim further examines how this social order has changed over time from more primitive societies to advanced industrial ones. Unlike Marx, Durkheim does not argue that class conflict is inherent to the modern Capitalistic society. The division of labor is an essential component to the practice of the modern capitalistic system due to the increased economic efficiency that can arise out of specialization; however Durkheim acknowledges that increased specialization does not serve all interests equally well. This important and foundational work is a must read for all students of sociology and economic philosophy.

Knowledge, Social Institutions and the Division of Labour

Author : Pier Luigi Porta
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782542377
Total Pages : 392 pages
Book Rating : 4.5/5 (423 download)

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Book Synopsis Knowledge, Social Institutions and the Division of Labour by : Pier Luigi Porta

Download or read book Knowledge, Social Institutions and the Division of Labour written by Pier Luigi Porta and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The complex interplay of the formation and communication of knowledge, the structure of social interaction, and the evolution of the division of labour, is here skilfully explored in a broad historical, philosophical and analytical framework by a truly international meeting of minds, enabling an encounter with great thinkers, past and present, commencing with Hume and Smith. A heady and unusual elixir, finely distilled, and to be slowly enjoyed if its sophisticated benefits are to be fully gathered by the reader.' - Peter Groenewegen, University of Sydney, Australia Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be associated with the study of civil society, or with the broad framework of communication and coordination behind the interaction of individuals in economic and non-economic spheres. This fascinating book is divided into three parts beginning with the issue of the development of science as an aspect of the division of labour, starting from methodological problems on the communication of scientific knowledge. The volume goes on to explore issues on the moral bases of social interaction and, more particularly, of commercial society before ending with in depth analyses of questions on the division of labour, social institutions and the diffusion of knowledge in society.

The Wealth of Nations

Author : Adam Smith
Publisher : Penguin
ISBN 13 : 9780140432084
Total Pages : 582 pages
Book Rating : 4.4/5 (32 download)

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Book Synopsis The Wealth of Nations by : Adam Smith

Download or read book The Wealth of Nations written by Adam Smith and published by Penguin. This book was released on 1982-03-25 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classic economic treatise that insipired Thomas Piketty's Capital in the Twenty-First Century The publication of The Wealth of Nations in 1776 coincided with America's Declaration of Independence, and with this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market - fired by competition yet guided as if by an 'invisible hand' to ensure justice and equality - was the engine of a fair and productive society. Books I - III of The Wealth of Nations examine the 'division of labour' as the key to economic growth, by ensuring the interdependence of individuals within society. They also cover the origins of money and the importance of wages, profit, rent and stocks, but the real sophistication of his analysis derives from the fact that it encompasses a combination of ethics, philosophy and history to create a vast panorama of society. This edition contains an analytical introduction offering an in-depth discussion of Smith as an economist and social scientist, as well as a preface, further reading and explanatory notes by Andrew Skinner. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.

Wealth and Freedom

Author : David P. Levine
Publisher : Cambridge University Press
ISBN 13 : 9780521447911
Total Pages : 208 pages
Book Rating : 4.4/5 (479 download)

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Book Synopsis Wealth and Freedom by : David P. Levine

Download or read book Wealth and Freedom written by David P. Levine and published by Cambridge University Press. This book was released on 1995-03-31 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern life places a special emphasis on private affairs. Social institutions, and especially our economies, have been organized to facilitate the pursuit of private interests. At the center of this private world is a system of private property which, more than anything, satisfies our wants. Political economy studies the properties of this private world: How does it work, and how well does it satisfy our wants? What are the limits of the world of private affairs? Wealth and Freedom provides an introduction to political economy for the student or other interested nonspecialist. The book explores such key issues as the place of our economy in the larger social system, the importance of market institutions for individual autonomy, private enterprise as a system of economic development, poverty and inequality in market economies, global inequality, and the limits of the market and the role of government. Wealth and Freedom is distinctive in employing a rights-based approach to understanding and evaluating economic institutions. The author emphasizes the distinction between needs and wants as the basis for establishing the limits of the market, and concludes the book with a discussion of the relation between private wants and public ends.

The Global Division of Labour

Author : Richard Münch
Publisher : Springer
ISBN 13 : 113756718X
Total Pages : 269 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis The Global Division of Labour by : Richard Münch

Download or read book The Global Division of Labour written by Richard Münch and published by Springer. This book was released on 2016-02-12 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global free trade is one of the most controversial phenomena of our time. Richard Münch offers a new theory of global labour division to explain deeper transformations in the production and distribution of wealth brought about by global free trade. He then carries out and analyzes empirical investigations based on this theory.

What We Owe Each Other

Author : Minouche Shafik
Publisher : Princeton University Press
ISBN 13 : 069120764X
Total Pages : 256 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis What We Owe Each Other by : Minouche Shafik

Download or read book What We Owe Each Other written by Minouche Shafik and published by Princeton University Press. This book was released on 2022-08-23 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.

Readings In The Economics Of The Division Of Labor: The Classical Tradition

Author : Guang-zhen Sun
Publisher : World Scientific
ISBN 13 : 9814481173
Total Pages : 310 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Readings In The Economics Of The Division Of Labor: The Classical Tradition by : Guang-zhen Sun

Download or read book Readings In The Economics Of The Division Of Labor: The Classical Tradition written by Guang-zhen Sun and published by World Scientific. This book was released on 2005-05-09 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the progressive division of labor is a burgeoning industry in economics in recent years. Classical authors, dating back as early as 500 BC, have made insightful analyses on the determinants and implications of the division of labor. Unfortunately these writings are rather scattered and not readily accessible. This important book aims to fill this void, serving as a valuable source of reference for scholars interested in the economics of specialization.The volume begins with the precursors of political economy including the ancient Greeks, medieval Islamic scholastics and mercantilists, continues with the classical political economists and the neoclassicists, and concludes with the Austrian economists such as Hayek in the 1940s. It covers major themes and perspectives about the division of labor that have ever emerged in the discipline of the economic science, including the economics of increasing returns to specialization, the twin ideas of division of labor and the extent of the market, the theory of the spontaneous market order, coordination in the factory system and large scale manufactures, knowledge and the division of mental labor, integration of analyses of specialization into the neoclassical framework, etc.

Wage-Labor and Capital by Karl Marx

Author : Karl Marx
Publisher : Prabhat Prakashan
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4./5 ( download)

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Book Synopsis Wage-Labor and Capital by Karl Marx by : Karl Marx

Download or read book Wage-Labor and Capital by Karl Marx written by Karl Marx and published by Prabhat Prakashan. This book was released on with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wage-Labor and Capital by Karl Marx: Karl Marx's "Wage-Labor and Capital" offers a profound analysis of economic systems and the relationship between labor and capital. Delve into Marx's exploration of class struggles, labor exploitation, and the dynamics of capitalism. This seminal work continues to shape economic and political discourse.

Reflections on the Formation and the Distribution of Riches

Author : Baron de Laune Anne-Robert-Jacques Turgot
Publisher : Good Press
ISBN 13 :
Total Pages : 89 pages
Book Rating : 4.4/5 (64 download)

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Book Synopsis Reflections on the Formation and the Distribution of Riches by : Baron de Laune Anne-Robert-Jacques Turgot

Download or read book Reflections on the Formation and the Distribution of Riches written by Baron de Laune Anne-Robert-Jacques Turgot and published by Good Press. This book was released on 2021-04-10 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an economic treatise written by Baron de Laune Anne-Robert-Jacques Turgot a French economist and statesman. An early proponent of economic liberalism and a key figure in the field of political economy. The book contains the seeds of many concepts that Smith, Ricardo, Marx, and numerous others would later develop and criticize.

The Theory of Moral Sentiments

Author : Adam Smith
Publisher :
ISBN 13 :
Total Pages : 448 pages
Book Rating : 4.B/5 (1 download)

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Book Synopsis The Theory of Moral Sentiments by : Adam Smith

Download or read book The Theory of Moral Sentiments written by Adam Smith and published by . This book was released on 1761 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capital in the Twenty-First Century

Author : Thomas Piketty
Publisher : Harvard University Press
ISBN 13 : 0674979850
Total Pages : 817 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Capital in the Twenty-First Century by : Thomas Piketty

Download or read book Capital in the Twenty-First Century written by Thomas Piketty and published by Harvard University Press. This book was released on 2017-08-14 with total page 817 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

Wage-Labour and Capital

Author : Karl Marx
Publisher : Wildside Press LLC
ISBN 13 : 1434469263
Total Pages : 54 pages
Book Rating : 4.4/5 (344 download)

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Book Synopsis Wage-Labour and Capital by : Karl Marx

Download or read book Wage-Labour and Capital written by Karl Marx and published by Wildside Press LLC. This book was released on 2008-04-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains an English translation of Karl Marx's influential essay.

The Wealth of Nations

Author : Adam Smith
Publisher : John Wiley & Sons
ISBN 13 : 085708108X
Total Pages : 429 pages
Book Rating : 4.8/5 (57 download)

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Book Synopsis The Wealth of Nations by : Adam Smith

Download or read book The Wealth of Nations written by Adam Smith and published by John Wiley & Sons. This book was released on 2010-10-12 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE MOST INFLUENTIAL BOOK ON MODERN ECONOMICS The Wealth of Nations is an economics book like no other. First published in 1776, Adam Smith's groundbreaking theories provide a recipe for national prosperity that has not been bettered since. It assumes no prior knowledge of its subject, and over 200 years on, still provides valuable lessons on the fundamentals of economics. This keepsake edition is a selected abridgement of all five books, and includes an Introduction by Tom Butler-Bowdon, drawing out lessons for the contemporary reader, a Foreword from Eamonn Butler, Director of the Adam Smith Institute, and a Preface from Dr. Razeen Sally of the London School of Economics.