Game Theory and the Law is a collection of previously published articles in which ideas from game theory and the economics of asymmetric information are applied to legal issues. Game theory’s method is to simplify a situation by describing it in terms of players, actions, payoffs, after which...

This important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics – New Classical and Keynesian – and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical...

This title contains a selection of articles on and by Nicholas Kaldor which concentrate on his theoretical and applied economics of growth. Part 1 features an autobiographical article by Kaldor, three biographical sketches, and a hitherto unpublished conversation with A.P. Thirlwall on...

It is generally acknowledged that Piero Sraffa was one of the most original and important economic theorists of the twentieth century. The significance of Sraffa’s contributions lies in the fact that he elaborated an alternative to the marginalist theory of value and distribution rooted in the...

In his ‘New Guide’ to The General Theory, Mark G. Hayes presents Keynes’s illustrious work as a sophisticated Marshallian theory of the competitive equilibrium of the economy as a whole. This unique book takes full account of the nature of time and money and illustrates that The General...

This book presents a controversial account of the work of Adam Smith, challenging prevailing orthodox thought on Smith’s contribution to economics. It argues that Smith’s fame as an economic analyst and economic historian is undeserved.

Productivity growth is the main vehicle to increase the standard of living. This book explains the relationships between technological change, efficiency, productivity growth and performance. The emphasis is on the interplay between industries in modern economies. The book provides a broad yet...

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from...

Taxation and Economic Behaviour offers a number of broad introductory surveys in the areas of public economics and public finance. Divided clearly into two parts – measurement issues and taxation and economic behaviour – this innovative collection of articles consists of published refereed...

The global financial crisis and its aftermath saw boom-bust cycles in cross-border capital flows of astounding magnitude. Issues of capital account liberalization and the imposition of capital controls are back in the headlines, and on researchers’ agendas. This comprehensive and timely volume...