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Economic Theory

Economic Theory

The book describes the evolution of economic theory considering historical political and scientific perspectives. It discusses economic concepts and the formation of economics as a discipline since the feudal system passing through the formation of the State until the present. The main economic concepts are presented including microeconomics macroeconomics econometrics privatization taxes tariffs the concept of currencies stock markets international transactions and economic policies. The book contains a complete glossary of economic terms to help the reader.

GBP 99.99
1

Macroeconomic Modelling Economic Policy and Methodology Economics at the Edge

Macroeconomic Modelling Economic Policy and Methodology Economics at the Edge

Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models this book presents the cutting edge in macroeconomic modelling economic policy and methodology from the perspective of heterodox economic thinking. The first part of the book explores methodological issues advocating for a stronger ethical consideration in macroeconomics and for the adoption of a strategy of pluralism to ensure that macroeconomic theory is capable of adapting to real-world issues. The second part highlights recent trends in empirical Stock-Flow Consistent models by collecting a group of the most well-developed empirical models of five different economies: the Danish the Dutch the French the Italian and the Argentinian models. In all five cases the models are used to discuss various policy aspects of the individual economies. Finally the book explores issues of macroeconomic policy which are largely neglected by mainstream economists including financial (in)stability and macro imbalances. The book emphasizes the need for investigating sectoral balances which are crucial elements for investigating imbalances from the heterodox perspective. This book will be of significant interest to students and scholars of macroeconomics economic modelling economic methodology and heterodox economics more broadly. | Macroeconomic Modelling Economic Policy and Methodology Economics at the Edge

GBP 120.00
1

Maximum Government Maximum Governance Reframing India’s Macroeconomic Discourse

Maximum Government Maximum Governance Reframing India’s Macroeconomic Discourse

Austerity fiscal consolidation fiscal discipline and fiscal deficit targets have become the buzzwords of contemporary macroeconomic policy. By tracing the history of macroeconomic schools of thought Maximum Government Maximum Governance explores the origins essence shortcomings and deception of mainstream neoliberal macroeconomics. Arguing that economies are financially constrained neoliberal macro­economics dislodged full employment as the target of policy replacing it with a low and stable inflation target. Monetary policy under the control of an independent central bank became the primary instrument to assist free and globalized markets to propel economies towards full employment. How­ever the global financial crisis of 2008 and rising inequalities of income and wealth in the last decade within and across economies has led to rise of nationalist-populist leaders in many parts of the world. Although neoliberal economics has been put under the scanner by these leaders their actions seem reactionary and without a coherent understanding of alternative schools of economic thought. An alternative based on sound economic reasoning and institutional realities is required to challenge neoliberal and arbitrary populist policies. Based on an introductory analysis of Modern Money Theory (MMT) this book seeks to present an alternative viewpoint on macroeconomics and macroeconomic policy to address the challenges of economic growth un­employment and inequality. While adherents of MMT are convinced of its robustness the challenge is to reframe macroeconomic discourse which must essentially reject the notion that an economy is financially constrained and instead turn the spotlight on real resource and governance constraints. Please note: Taylor & Francis does not sell or distribute the Hardback in India Pakistan Nepal Bhutan Bangladesh and Sri Lanka | Maximum Government Maximum Governance Reframing India’s Macroeconomic Discourse

GBP 130.00
1

Principles of Economics in Context

Principles of Economics in Context

The study of economics should not be highly abstract but closely related to real-world events. Principles of Economics in Context addresses this challenge laying out the principles of micro-and macroeconomics in a manner that is thorough up to date and relevant to students keeping theoretical exposition close to experience. Emphasizing writing that is compelling clear and attractive to students it addresses such critical concerns as ecological sustainability distributional equity the quality of employment and the adequacy of living standards. Key features include: Clear explanation of basic concepts and analytical tools with Discussion Questions at the end of each section encouraging immediate review of what has been read and relating the material to the students’ own experience; Full complement of instructor and student support materials online including test banks and grading through Canvas; Key terms highlighted in boldface throughout the text and important ideas and definitions set off from the main text; A glossary at the end of the book containing all key terms their definitions and the number of the chapter(s) in which each was first used and defined. Updates for the second edition include: Expanded coverage of topics including inequality financialization and debt issues the changing nature of jobs and sustainable development; New material on wage discrimination by race and gender; an expanded section on labor markets and immigration; Updated discussion of fiscal policy to include more recent developments such as the Trump tax cuts; New material on behavioral economics public goods and climate change policy; a new section on “The Economics of Renewable Energy. ” This new affordable edition combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro-and macro-analysis and application with many up-to-date examples and extensive supporting Web resources for instructors and students. The companion website can be found at: http://www. bu. edu/eci/education-materials/textbooks/principles-of-economics-in-context/

GBP 110.00
1

The Theory of Business Enterprise

The Theory of Business Enterprise

Veblen has been claimed and rejected both by sociologists and economists as being one of theirs. He enriched and attacked both disciplines as he did so many others: philosophy history social psychology politics and linguistics. Because he took all knowledge as necessary and relevant to adequate understanding Veblen was a holistic analyst of the social process. First published in 1904 this classic analysis of the U. S. economy has enduring value today. In it Veblen posited a theory of business fluctuations and economic growth which included chronic depression and inflation. He predicted the socioeconomic changes that would occur as a result: militarism imperialism fascism consumerism and the development of the mass media as well as the corporate bureaucracy. Douglas Dowd's introduction places the volume within the traditions of both macroeconomics and microeconomics tracing Veblen's place among social thinkers and the place of this volume in the body of his work. | The Theory of Business Enterprise

GBP 130.00
1

Cuba and the Economic Policies of Peripheral Socialism Recent Reforms in a Historical Perspective

Cuba and the Economic Policies of Peripheral Socialism Recent Reforms in a Historical Perspective

Departing from the category of 'peripheral socialism' this book offers an economic history of the Cuban revolution between 1959 and 2019 with a focus on the period that ranges between 2008 and 2018. The core of the research is the administration of Raúl Castro and the economic and social reforms introduced by it under the concept of socialism update. The book describes Cuba’s recent economic policies and analyses the structure and dynamics of Cuba’s economic changes offering a panoramic view which can serve as an introduction to further more detailed analyses. The book also offers an interpretation of Cuba’s socialism in light of the Latin American political economy of underdevelopment so as to interpret Cuba’s structural economic performance. The analytical background will enable readers to understand the contemporary crises in Cuba with a balanced look at the triumphs and limits of its peripheral socialism. It will find an audience among scholars and researchers of economic development and history macroeconomics Latin American and Cuban Studies Socialism Studies and related areas. It will also be of interest to economists politicians diplomats journalists and NGOs. | Cuba and the Economic Policies of Peripheral Socialism Recent Reforms in a Historical Perspective

GBP 130.00
1

State-Owned Enterprises in the Global Economy

State-Owned Enterprises in the Global Economy

State-owned enterprises (SOEs) combine economic activities resulting from their position on the market with non-economic functions determined by the state owner. In many of the world’s major economies SOEs play an important role and in some such as China India Russia and Brazil they are outright dominant. At the same time the existence of SOEs is largely ignored by economic theory and the current figures on SOEs on a global scale available in the literature are questionable in terms of their methodological validity and thus they do not allow for a proper cross-country analysis. This book fills this research gap. It focuses on the scope and importance of SOEs in a broad group of the largest economies primarily on a variety of quantitative estimates. It contains the results of an extensive and unique empirical study of 37 of the world’s largest economies over the period from 2009 to 2018. The findings showed that the average share of SOEs – measured by operating revenues and total assets – in the group of the largest 100 enterprises (Top 100) of a given country is nearly 30% while in the Top 20 group it is even slightly higher. The authors present an econometric analysis showing the relationship between the scope of SOEs and the various economic and non-economic characteristics of the studied set of countries. The book also contains an in-depth discussion of selected key issues such as the functions of SOEs in various types of economies the role of SOEs in capital markets and the phenomenon of SOEs with foreign capital. This work is addressed to both academic economists dealing with macroeconomics and economic policy as well as researchers and analysts from various international organizations and think-tanks. | State-Owned Enterprises in the Global Economy

GBP 130.00
1