This major volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a...

This important new book enhances our understanding of the dynamic interactions between economic activity, economic growth, pollution abatement and environmental policy. It addresses one main policy problem: how can the direct and indirect costs of environmental policy for multiple pollutants be...

Exposed to powerful new economic forces, and undergoing dramatic ownership reforms and technological changes, China's industries are modernizing at a breakneck pace. In many industries, the outcomes have been chaotic and poorly aligned with societal objectives. This book analyses the...

This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and...

"This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought."...

Contents: Preface -- 1. Puzzles and Myths: A General Overview -- 2. Puzzles in International Finance -- 3. Puzzles in International Economics and Macroeconomics -- 4. Puzzles in Finance -- 5. The Myths of Econometrics -- 6. The Myths of Laissez Faire -- 7. The Myths of Financial Economics -- 8....

Introduction -- 1. Antiquity / Bertram Schefold -- 2. Economic Thought in Scholasticism / Irina Chaplygina and André Lapidus -- 3. Cameralism / Keith Tribe -- 4. Mercantilism and the Science of Trade / Thierry Demals -- 5. French Enlightenment / Thierry Demals and Gilbert Faccarello -- 6....

1. Introduction / Erik S. Reinert, Rainer Kattel and Jayati Ghosh -- Part I development thinking across history and geography -- 2. Giovanni Botero (1588) and Antonio Serra (1613): Italy and the birth of development economics / Erik S. Reinert -- 3. Economic emulation and the politics of...

1. The place of science in society : progress, pragmatism, pluralism -- 2. Thorstein Veblen on the origins and meaning of private property -- 3. Capital and the modern corporation -- 4. Pecuniary institutions : their role and effects -- 5. Veblen's missing theory of markets and exchange, or, Can...

This encyclopaedic work celebrates the scores of leading pioneers who created the modern economic field of industrial organization, at the heart of which lie competition and monopoly, the two great forces that drive modern markets. Their pioneering work has shaped the field's growing research as...