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Author: Nicola Acocella
Publisher: Cambridge University Press
ISBN: 1108470491
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
A leading expert on economic policy makes the convincing case for the foundation, coordination and reach of government action through economic policy. Presenting justifications for government intervention in coping with market failures, Acocella applies the theory of economic policy to current global issues.
Author: Nicola Acocella
Publisher: Cambridge University Press
ISBN: 1108470491
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
A leading expert on economic policy makes the convincing case for the foundation, coordination and reach of government action through economic policy. Presenting justifications for government intervention in coping with market failures, Acocella applies the theory of economic policy to current global issues.
Author: Nicola Acocella
Publisher: Cambridge University Press
ISBN: 1009209140
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
Economic policy is facing crises on multiple fronts. With the effects of the last financial crisis still with us, it is now faced with the new challenges of post-Covid economic recovery and dealing with the negative effects of over consumption on the climate. This book explores the future of economic policy in relation to what the author sees as the four great policy challenges of the first half of the 21st century: the after effects of the last financial crisis and the catastrophic impact of the Covid pandemic, secular stagnation, growing poverty and inequality, and globalization. The existence of these economic problems has become increasingly relevant since some of the tools available to public action have become useless. As economists begin to suggest new instruments of economic policy, this book will help the reader understand the nature of the economic and political facts that influence both current and future generations.
Author: Franco Archibugi
Publisher: Springer Nature
ISBN: 3319780573
Category : Business & Economics
Languages : en
Pages : 573
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Book Description
In this book – the first of three volumes – Franco Archibugi sets out to create an epistemology of economics, arguing for a radical overturning of the conventional analysis from a “positive” approach to a “programming” approach. This overturning leads to a reappraisal of the foundations of Economics itself, and to an improved integration of Economics as an autonomous discipline alongside Sociology, Political Science, Operational Research, Social Engineering and Physical or Spatial Planning. The author interrogates how scientific the social sciences really are before proposing a new scientific paradigm for the social sciences, a political preference function and a general programming approach. The chapters revisit hitherto neglected economists like Gunnar Myrdal, Ragnar Frisch, Vassili Leontief, and Leif Johansen, using their theory to overturn the epistemological approach of the entire science of economics. Volume II explores oppositions to the traditional and conventional teaching of economics, whilst Volume III presents a concrete and practical example of how to build a Planning Accounting Framework (PAF), as associated with Frisch’s ‘plan-frame’ (explored in Volume II), to demonstrate the extent to which decisions and negotiations can be routed in the social sciences.
Author: John D. Mueller
Publisher: Open Road Media
ISBN: 149763637X
Category : Business & Economics
Languages : en
Pages : 644
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Book Description
“Groundbreaking.” —Washington Examiner Economics is primed for—and in desperate need of—a revolution, respected economic forecaster John D. Mueller shows in this eye-opening book. To make the leap forward will require looking backward, for as Redeeming Economics reveals, the most important element of economic theory has been ignored for more than two centuries. Since the great Adam Smith tore down this pillar of economic thought, economic theory has been unable to account for a fundamental aspect of human experience: the relationships that define us, the loves (and hates) that motivate and distinguish us as persons. In trying to reduce human behavior to exchanges, modern economists have forgotten how these essential motivations are expressed: as gifts (or their opposite, crimes). Mueller makes economics whole again, masterfully reapplying the economic thought of Aristotle, Augustine, and Aquinas.
Author: Rediscovering Geography Committee
Publisher: National Academies Press
ISBN: 0309577624
Category : Education
Languages : en
Pages : 260
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Book Description
As political, economic, and environmental issues increasingly spread across the globe, the science of geography is being rediscovered by scientists, policymakers, and educators alike. Geography has been made a core subject in U.S. schools, and scientists from a variety of disciplines are using analytical tools originally developed by geographers. Rediscovering Geography presents a broad overview of geography's renewed importance in a changing world. Through discussions and highlighted case studies, this book illustrates geography's impact on international trade, environmental change, population growth, information infrastructure, the condition of cities, the spread of AIDS, and much more. The committee examines some of the more significant tools for data collection, storage, analysis, and display, with examples of major contributions made by geographers. Rediscovering Geography provides a blueprint for the future of the discipline, recommending how to strengthen its intellectual and institutional foundation and meet the demand for geographic expertise among professionals and the public.
Author: Nicola Acocella
Publisher: Cambridge University Press
ISBN: 9780521586382
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
Recent developments in public economics have largely been in the direction of reaffirming the limits of the market and of establishing new ones. The possible existence of fundamental non-convexities, imperfect and asymmetric information, incentive compatibility, imperfect competition, strategic complementarity, and scale economies led to the conclusion that a large set of market failures exist; such situations also imply government failure. Acocella, considers this complicated picture and provides a discussion of the different approaches to establishing social 'rankings' of the possible situations and the underlying principles. The arguments for and against different institutions are then analysed at a micro and macroeconomic level. The market and the government are recognised as imperfect, and thus complementary, institutions. Specific policy targets and instruments are considered in the areas of micro and macro-economic policy. Special attention is devoted to questions of policy management in an open economy. Finally, problems of domestic and international policy co-ordination are considered.
Author: Robert E. Goodin
Publisher: OUP Oxford
ISBN: 0191619795
Category : Political Science
Languages : en
Pages : 1623
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Book Description
Drawing on the rich resources of the ten-volume series of The Oxford Handbooks of Political Science, this one-volume distillation provides a comprehensive overview of all the main branches of contemporary political science: political theory; political institutions; political behavior; comparative politics; international relations; political economy; law and politics; public policy; contextual political analysis; and political methodology. Sixty-seven of the top political scientists worldwide survey recent developments in those fields and provide penetrating introductions to exciting new fields of study. Following in the footsteps of the New Handbook of Political Science edited by Robert Goodin and Hans-Dieter Klingemann a decade before, this Oxford Handbook will become an indispensable guide to the scope and methods of political science as a whole. It will serve as the reference book of record for political scientists and for those following their work for years to come.
Author: Joe Earle
Publisher: Penguin UK
ISBN: 0141986883
Category : Political Science
Languages : en
Pages : 283
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Book Description
A century ago, the idea of 'the economy' didn't exist. Now economics is the supreme ideology of our time, with its own rules and language. The trouble is, most of us can't speak it. This is damaging democracy. Dangerous agendas are hidden inside mathematical wrappers; controversial policies are presented as 'proven' by the models of economic 'science'. Government is being turned over to a publicly unaccountable technocratic elite. The Econocracy reveals that economics is too important to be left to the economists - and shows us how we can begin to participate more fully in the decisions which affect all our futures.
Author: Joseph Postell
Publisher: Lexington Books
ISBN: 0739166603
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
The recent economic crisis in the United States has highlighted a crisis of understanding. In this volume, Bradley C. S. Watson and Joseph Postell bring together some of America's most eminent thinkers on political economy--an increasingly overlooked field wherein political ideas and economic theories mutually inform each other. Only through a restoration of political economy can we reconnect economics to the human good. Economics as a discipline deals with the production and distribution of goods and services. Yet the study of economics can-indeed must--be employed in our striving for the best possible political order and way of life. Economic thinkers and political actors need once again to consider how the Constitution and basic principles of our government might give direction and discipline to our thinking about economic theories, and to the economic policies we choose to implement. The contributors are experts in economic history, and the history of economic ideas. They address basic themes of political economy, theoretical and practical: from the relationship between natural law and economics, to how our Founding Fathers approached economics, to questions of banking and monetary policy. Their insights will serve as trusty guides to future generations, as well as to our own.
Author: Guinevere Liberty Nell
Publisher: Algora Publishing
ISBN: 0875867480
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
The experiment with socialism in the Soviet Union was based on Marxist economic theory, which denied the universal nature of economic law. The economy became a blank slate, without markets, prices, even without money - for a time. Government had to rediscover fire - learning basics of economics over again. This historical laboratory of social science should be exploited for the lessons in basic economics that it offers. Many view Lenin as a dictator who exploited the peoples of the Soviet Union, betraying the hopes and dreams of socialism for his own benefit. Yet, Lenin wrote hundreds of books on Marxist theory, and the policies he enacted were those he promised. Despite the wealth of information available on the Soviet experiment, few have closely analyzed why it produced results different from those intended and what these lessons might mean for market economies. Based on Marxist economic theory, which denied the universality of economic laws, the Soviet Union wiped out the market and, with it, the basis for all economic knowledge. In this vacuum of economic information, planners had neither market theory nor prices to guide them. The socialist experiment was truly an experiment in eliminating the market. The Bolsheviks enacted policies based on Marxist hypotheses: nationalizing businesses and banks, setting wages according to the labor theory of value, eliminating interest and capital markets, and planning full employment. When each Marxist policy failed, the state reorganized to better implement it, tried modified versions, and only pulled back as a last resort. In this book, Guinevere Nell explores the theory and experience of the socialist experiment. In each chapter, she considers one theory put forth by socialists. She explores the ways in which the Soviet planners implemented this theory, recognized that their policies were not producing the desired results, and tried to implement reforms to combat the failures. In each chapter, she extracts certain lessons from the experience of the planners. The lessons capture the dynamic nature of the economy, something that is commonly overlooked by mainstream economists and policymakers although it has been a focus of the Austrian school of economics. Insights from the debate between socialists and Austrian economists are introduced during the discussion of the lessons at the end of each chapter. The lessons suggest that due the dynamic nature of the market, the Soviet Union could never surpass the West in economic growth. Each chapter concludes with policy examples and discussion of how the lesson can inform policies that market economies are considering. All policy examples are from current U.S. policy debate. The last lesson ties together the thrust of many disparate threads throughout the book. It makes the case that the socialist arguments were aimed at the wrong target, which is why the prescription of planning led to the opposite of what was intended. The conclusion of the book summarizes the recurring themes of reform. These lessons have relevance for all economies and for both economists and the policy-minded citizen. For example, the socialist elimination of competition provides insight into the neoclassical framework and sheds light on our common understanding of how 'competitive' certain industries are. The book is intended for the educated layperson, but should also be accessible and relevant to college students and professional economists. The book is written in plain language, with all economic terms defined.
