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Book Synopsis Studies in the History of French Political Economy by : Gilbert Faccarello
Download or read book Studies in the History of French Political Economy written by Gilbert Faccarello and published by Routledge. This book was released on 2002-09-11 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies in the History of French Political Economy considers the evolution of economic thought in France, from the sixteenth to the twentieth century. Gilbert Faccarello brings to the forefront those economists, themes and controversies which are important in the context of recent research, and about which new ideas can be developed.
Book Synopsis A History of Economic Thought in France by : Gilbert Faccarello
Download or read book A History of Economic Thought in France written by Gilbert Faccarello and published by Taylor & Francis. This book was released on 2023-10-02 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, there has been a long and sustained interest in studying the history of economic ideas in France. Interest appeared to wane after World War II, but in recent decades, there has been a marked renaissance of interest and research in the contributions of French-speaking authors. Drawing on the flow of recent research, this book presents a new assessment of the history of political economy in France incorporating both novel presentations of some traditional subjects and topics that are not usually studied. This second volume analyses the evolution of political economy during the long nineteenth century, combining an assessment of both liberals and their opponents. Its first part covers the most outstanding contributions to political economy in the age of industry, from the founding fathers (L.-C.-C. Destutt de Tracy and J. –B. Say) until the pre-World War I period, including that of A.-A. Cournot, J. Dupuit, the French liberal economists, and L. Walras. The volume then outlines the critiques of liberal political economy, focusing on the analyses of J.-C.L.S. de Sismondi, C.-H. de Saint-Simon and his followers, and the successive generations of socialist and associationist authors, not forgetting the sociological critique. A substantial postlude concludes the volume with a survey of recent developments of French economic thought up to the present day. A History of Economic Thought in France will be invaluable reading for advanced students and researchers of the history of economic thought, political economy, intellectual history and French history.
Book Synopsis Handbook on the History of Economic Analysis Volume I by : Gilbert Faccarello
Download or read book Handbook on the History of Economic Analysis Volume I written by Gilbert Faccarello and published by Edward Elgar Publishing. This book was released on 2016-07-27 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced.
Book Synopsis Studies in Applied Economics by : Léon Walras
Download or read book Studies in Applied Economics written by Léon Walras and published by Routledge. This book was released on 2008-01-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2004. Studies in Applied Economics is an English translation of Études d’économie politique appliquée (1898) by Léon Walras (1834–1910). Until now, Éléments d’économie politique pure (1874) was the only book by Walras available in English (Elements of Pure Economics, 1954). It contains the theory of general economic equilibrium under free competition, with the concept of utility maximization as its core. Walras’s conclusion was that where free competition is possible, it should be the rule. So, in the present book, he advocates protective regulation, within which economic agents may compete freely. For water, gas or railway transport, for instance, where free competition is impossible, rules are formulated to maintain its advantages. Issues such as money, capital, credit, banking and the stock markets are also dealt with. The book’s final chapter recapitulates the themes of Walras’s three main works: Éléments, Études d’économie sociale and this volume, Études d’économie politique appliquée. Walras’s aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished.
Book Synopsis The Economic Turn by : Steven Kaplan
Download or read book The Economic Turn written by Steven Kaplan and published by Anthem Press. This book was released on 2019-01-16 with total page 783 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mid-eighteenth century witnessed what might be dubbed an economic turn that resolutely changed the trajectory of world history. The discipline of economics itself emerged amidst this turn, and it is frequently traced back to the work of François Quesnay and his school of Physiocracy. Though lionized by the subsequent historiography of economics, the theoretical postulates and policy consequences of Physiocracy were disastrous at the time, resulting in a veritable subsistence trauma in France. This galvanized relentless and diverse critiques of the doctrine not only in France but also throughout the European world that have, hitherto, been largely neglected by scholars. Though Physiocracy was an integral part of the economic turn, it was rapidly overcome, both theoretically and practically, with durable and important consequences for the history of political economy. The Economic Turn brings together some of the leading historians of that moment to fundamentally recast our understanding of the origins and diverse natures of political economy in the Enlightenment.
Book Synopsis General Equilibrium Analysis by : Pascal Bridel
Download or read book General Equilibrium Analysis written by Pascal Bridel and published by Routledge. This book was released on 2013-03-01 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.
Book Synopsis New Essays on Pareto's Economic Theory by : Luigino Bruni
Download or read book New Essays on Pareto's Economic Theory written by Luigino Bruni and published by Routledge. This book was released on 2009-05-07 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics. Based on Pareto’s groundbreaking ‘Manuale di Economia Politica’, this edited collection brings together a selection of essays from some of the most authoritative scholars of Pareto, who discuss the relevance of Pareto’s economics in the context of the present theoretical debate.
Download or read book Measuring Utility written by Ivan Moscati and published by Oxford University Press. This book was released on 2018-10-25 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.
Book Synopsis Money, Finance and Crises in Economic History by : Annalisa Rosselli
Download or read book Money, Finance and Crises in Economic History written by Annalisa Rosselli and published by Routledge. This book was released on 2018-09-03 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, students and scholars have expressed dissatisfaction with the current state of economics and have called for the reintroduction of historical perspectives into economic thinking. Supporting the idea that fruitful lessons can be drawn from the work of past economists, this volume brings together an international cross section of leading economists and historians of economic thought to reflect on the crucial role that money, crises and finance play in the economy. The book draws on the work of economists throughout history to consider afresh themes such as financial and real explanations of economic crises, the role of central banks, and the design of macroeconomic policies. These themes are all central to the work of Maria Cristina Marcuzzo, and the contributions both reflect on and further her research agenda. This book will be of interest to researchers in the history of economic thought, and those who wish to gain a deeper understanding of the variety and diversity in approaches to economic ideas throughout history.
Book Synopsis Handbook of the History of Economic Thought by : Jürgen Backhaus
Download or read book Handbook of the History of Economic Thought written by Jürgen Backhaus and published by Springer Science & Business Media. This book was released on 2011-11-12 with total page 725 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reader in the history of economic thought challenges the assumption that today’s prevailing economic theories are always the most appropriate ones. As Leland Yeager has pointed out, unlike the scientists of the natural sciences, economists provide their ideas largely to politicians and political appointees who have rather different incentives that might prevent them from choosing the best economic theory. In this book, the life and work of each of the founders of economics is examined by the best available expert on that founding figure. These contributors present rather novel and certainly not mainstream interpretations of the founders of modern economics. The primary theme concerns the development of economic thought as this emerged in the various continental traditions including the Islamic tradition. These continental traditions differed substantially, both substantively and methodologically, from the Anglo-Saxon orientation that has been dominant in the last century for example in the study of public finance or the very construct of the state itself. This books maps the various channels of continental economics, particularly from the late-18th through the early-20th centuries, explaining and demonstrating the underlying unity amid the surface diversity. In particular, the book emphasizes the writings of John Stuart Mill, his predecessor David Ricardo and his follower Jeremy Bentham; the theory of Marginalism by von Thünen, Cournot, and Gossen; the legacy of Karl Marx; the innovations in developmental economics by Friedrich List; the economic and monetary contributions and “struggle of escape” by John Maynard Keynes; the formidable theory in public finance and economics by Joseph Schumpeter; a reinterpretation of Alfred Marshall; Léon Walras, Heinrich von Stackelberg, Knut Wicksell, Werner Sombart, and Friedrich August von Hayek are each dealt with in their own right.
Book Synopsis Competing Economic Theories by : Sergio Nisticò
Download or read book Competing Economic Theories written by Sergio Nisticò and published by Routledge. This book was released on 2002-03-14 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a contemporary overview of the debate amongst theoretical stands in economics, this book brings together contributions from a number of eminent scholars. It covers important issues in methodology and the history of thought, as well as economic analysis. The book is structured in five parts which: focus on the relevance of the history of economic ideas for current economic analysis centre on the role of classical theory of value and distribution contrast the equilibrium approach with an out-of-equilibrium perspective offer an evaluation of the legacy of Keynes in the light of the recent development of macroeconomics is dedicated to the issue of how institutions ought to be embedded in current economic theorising. Providing up-to-date, fresh and detailed perspectives on economic theory, this book will prove invaluable for students and academics in the fields of the history of economics, and contemporary economic theory.
Book Synopsis Welfare Theory, Public Action, and Ethical Values by : Roger E. Backhouse
Download or read book Welfare Theory, Public Action, and Ethical Values written by Roger E. Backhouse and published by Cambridge University Press. This book was released on 2021-03-25 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume revisits the history of welfare economics, showing that economists have regularly drawn on ethical values for practical issues.
Book Synopsis Macroeconomics and the History of Economic Thought by : H.M. Krämer
Download or read book Macroeconomics and the History of Economic Thought written by H.M. Krämer and published by Routledge. This book was released on 2012-03-29 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.
Book Synopsis Calculation and Morality by : Caroline Oudin-Bastide
Download or read book Calculation and Morality written by Caroline Oudin-Bastide and published by Oxford University Press. This book was released on 2019 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debates about whether to maintain or abolish slavery revolved around two key values: the morality of enslaving other human beings and the economic benefits and costs of slavery as compared to free labor. Various and conflicting arguments were presented by abolitionists, colonists, and administrators in slave-holding societies, all of whom used calculations about the relative cost and productivity of slavery to defend their own point of view in an impassioned debate. In Calculation and Morality, Caroline Oudin-Bastide and Philippe Steiner consider how economic calculations, estimations, and arguments informed the long debate over French slavery between 1771 and 1848. They show how calculation was introduced into moral debate and became a critical social object in regard both to its consistency and its manifest effects. To do so they trace a process in which phenomena were classified into groups, becoming a category, and then how metrics and calculations were used to analyze the possible effects of emancipating slaves in French colonies. Abolitionists sought to demonstrate that it was in the interest of slaveowners and/or the entire nation to employ free labour in the colonies, and to show the irrationality of the colonial and metropolitan defenders of servitude; their aim was to enlighten various parties as to their real interest, and how that real interest coincided with justice. In turn, colonists accused those opposed to slavery of being blinded by their own philanthropic principles and insisted on the rationality of the slave system as the only means of meeting the interests of everyone, including slaves, at least in the short and medium term. Oudin-Bastide and Steiner closely examine the positions and reasoning of such influential French thinkers as Pierre Samuel Du Pont de Nemours, Anne Robert Jacques Turgot, Antoine Nicolas de Condorcet, Simonde de Sismondi, Jean Baptiste Say, and Alexis de Tocqueville. In doing so they shed light on the interaction of moral precepts and econonomic calculations in a trenchant study in the history of ideas.
Book Synopsis Economic Policy and the History of Economic Thought by : Stavros Drakopoulos
Download or read book Economic Policy and the History of Economic Thought written by Stavros Drakopoulos and published by Taylor & Francis. This book was released on 2023-03-23 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses key issues in economic policy in the context of the history of economic thought. Most of the current and past academic controversies in economics are, explicitly or implicitly, centred around the application and form of economic policy. This is particularly evident in the post-WWII period, with the appearance of economic policy as a distinguishable subfield, but important elements of various economic policy issues can be found throughout the history of economic thought. This book discusses various topics in economic policy – such as questions over state spending and taxation, income redistribution, and the role of money – with each chapter focusing on a particular period or major school of economic thought ranging from the ‘prehistory’ of economics up to the present day. Specific chapters of the volume cover the main schools of economic thought from different national and theoretical traditions, incorporating mercantilism, the Physiocratic School, the German Historical School, Marxism, the Austrian School, institutional economics, Keynesian economics, behavioural economics and more. This book will be of great interest to readers of the history of economic policy as well as the history of economic thought, macroeconomics and economic history more broadly.
Book Synopsis A Genealogy of Self-Interest in Economics by : Susumu Egashira
Download or read book A Genealogy of Self-Interest in Economics written by Susumu Egashira and published by Springer Nature. This book was released on 2021-01-29 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to describe the entire developmental history of the human aspects of economics. The issue of “self-interest” is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this “self-interested” explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist’s positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today’s capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.
Book Synopsis The Physiocrats and the World of the Enlightenment by : Liana Vardi
Download or read book The Physiocrats and the World of the Enlightenment written by Liana Vardi and published by Cambridge University Press. This book was released on 2012-03-19 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Physiocrats believed that wealth came exclusively from the land, that nature was fecund and man could harness its reproductive forces. Capital investments in agriculture and hard work would create profits that circulated to other sectors and supported all social institutions. Physiocracy, which originated in late eighteenth-century France, is therefore widely considered a forerunner of modern economic theory. This book places the Physiocrats in context by inscribing economic theory within broader Enlightenment culture. Liana Vardi discusses three theorists - Francois Quesnay; Victor Riquetti, marquis de Mirabeau; and Pierre Samuel Du Pont de Nemours - and shows how their understanding of mental processes, science, politics and the arts influenced their individual approach to economic writing. The difficulty in explaining the doctrine, combined with the expectation that the public would be persuaded by its arguments, mired physiocracy in endless contradictions. This work offers a framework for understanding physiocratic theory and its complicated relation to modern economics.
