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Author: Marc Allen Eisner
Publisher: Routledge
ISBN: 1134612737
Category : Political Science
Languages : en
Pages : 278
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Book Description
Policy debates are often grounded within the conceptual confines of a state-market dichotomy, as though the two existed in complete isolation. In this innovative text, Marc Allen Eisner portrays the state and the market as inextricably linked, exploring the variety of institutions subsumed by the market and the role that the state plays in creating the institutional foundations of economic activity. Through a historical approach, Eisner situates the study of American political economy within a larger evolutionary-institutional framework that integrates perspectives in American political development and economic sociology. This volume provides a rich understanding of the complexity of U.S. economic policy, explaining how public policies become embedded in bureaucracy and reinforced by organized beneficiaries and public expectations. This path-dependent layering process helps students better understand the underlying historical dynamics, which provide a clearer sense of the constraints faced by policymakers now and in the future. The revisions to the second edition include: Complete rewrite of the chapter on the recent financial crisis, adding in commentary on the debt ceiling, the fiscal cliff, and other recent events. New material added and existing material updated in the chapter discussing the two welfare states. Extensive updates to the coverage of the global economy Expanded and updated discussion of Obama’s economic policies. Updates to figures and data throughout the text.
Author: Marc Allen Eisner
Publisher: Routledge
ISBN: 1134612737
Category : Political Science
Languages : en
Pages : 278
Get Book Here
Book Description
Policy debates are often grounded within the conceptual confines of a state-market dichotomy, as though the two existed in complete isolation. In this innovative text, Marc Allen Eisner portrays the state and the market as inextricably linked, exploring the variety of institutions subsumed by the market and the role that the state plays in creating the institutional foundations of economic activity. Through a historical approach, Eisner situates the study of American political economy within a larger evolutionary-institutional framework that integrates perspectives in American political development and economic sociology. This volume provides a rich understanding of the complexity of U.S. economic policy, explaining how public policies become embedded in bureaucracy and reinforced by organized beneficiaries and public expectations. This path-dependent layering process helps students better understand the underlying historical dynamics, which provide a clearer sense of the constraints faced by policymakers now and in the future. The revisions to the second edition include: Complete rewrite of the chapter on the recent financial crisis, adding in commentary on the debt ceiling, the fiscal cliff, and other recent events. New material added and existing material updated in the chapter discussing the two welfare states. Extensive updates to the coverage of the global economy Expanded and updated discussion of Obama’s economic policies. Updates to figures and data throughout the text.
Author: Sven Steinmo
Publisher: Cambridge University Press
ISBN: 1139490370
Category : Political Science
Languages : en
Pages : 289
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Book Description
The Evolution of Modern States, first published in 2010, is a significant contribution to the literatures on political economy, globalization, historical institutionalism, and social science methodology. The book begins with a simple question: why do rich capitalist democracies respond so differently to the common pressures they face in the early twenty-first century? Drawing on insights from evolutionary theory, Sven Steinmo challenges the common equilibrium view of politics and economics and argues that modern political economies are best understood as complex adaptive systems. The book examines the political, social, and economic history of three different nations - Sweden, Japan, and the United States - and explains how and why these countries have evolved along such different trajectories over the past century. Bringing together social and economic history, institutionalism, and evolutionary theory, Steinmo thus provides a comprehensive explanation for differing responses to globalization as well as a new way of analyzing institutional and social change.
Author: Daniel Berkowitz
Publisher: Princeton University Press
ISBN: 0691136041
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
The book also examines the effects of early legal systems.
Author: Stanley L. Brue
Publisher: Thomson South-Western
ISBN: 9781133434900
Category : Economics
Languages : en
Pages : 580
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Book Description
This textbook presents the history of economics and the philosophies that drive the economic way of thinking. It explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow.
Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456
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Book Description
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Author: Pierre Garrouste
Publisher: Edward Elgar Publishing
ISBN: 9781781950227
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
Since the 1980s there has been a renewed interest in attempts to introduce a sense of history into economic literature. In this text, the authors argue that it is not possible to explain a state of the world without first analyzing the processes that lead to that state.
Author: Paul W. Rhode
Publisher: Stanford University Press
ISBN: 0804777624
Category : Business & Economics
Languages : en
Pages : 703
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Book Description
This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes. They are shaped by institutional and spatial contexts, which are "carriers of history," including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts the text takes on a wide array of historically salient economic questions—ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.
Author: James L. Novak
Publisher: Routledge
ISBN: 1317611292
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
Agricultural Policy in the US: Evolution and Economics traces the foundation of US agricultural policy from its colonial roots to the present, using economic concepts to analyze and interpret political and economic consequences. Ancient Roman food and agricultural reform, English Corn Law and other historic examples of agricultural policies are included to show that agricultural policy has a long history and has been found necessary for governance throughout history. Processes employed to develop US agricultural policies, the structure and function of government that develops and implements agricultural policy, and the specific evolution of policy from the early twentieth century to the Agricultural Act of 2014 are included. Specific policies in past farm bills are detailed in order to track their evolution and economic effects. This textbook includes arguments for and against common tools of US agricultural policy. This debate continues today and can be seen in a gradual change over time from taxes and tariffs to risk management. Information presented does not attempt to influence the readership towards a pro or con position but rather to present information to help the readers to understand the issues related to agricultural policy in the US.
Author: Howard J. Sherman
Publisher: M.E. Sharpe
ISBN: 9780765616517
Category : Business & Economics
Languages : en
Pages : 254
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Book Description
This radical account of the evolution of political, social, and economic institutions weaves together strands of anthropology, sociology, political science, history, and economics. In a highly readable text, Howard Sherman explains the interconnections of ideas and economic forces, and traces the evolution of social and economic institutions from primitive times to the present. Sherman focuses on the myth of "inevitable progress" in technology, and argues that it progresses only when social and economic institutions and dominant ideas encourage it to improve. He shows that throughout history technology, as a part of the economic forces, ebbs and flows to create or undermine existing economic institutions.
Author: Kurt Dopfer
Publisher: Edward Elgar Publishing
ISBN: 9781845428020
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
This book focuses on the emerging field of evolutionary economic policy, highlighting the interface between the state, markets, and the evolutionary complexity of modern economies. The contributors explore the possibilities and limitations of governance, and provide a unique platform for the advancement of modern evolutionary economic theory.
