Services in Economic Thought

Moreover, these multiple transformations have been accompanied by changes in the way work is carried out (e. g. the dramatic increases in the utilization of white collar workers, particularly professionals and managers, and the employment ...

Services in Economic Thought

Services today account for a major share of employment and national product in the U. S. , with the employment share up from 57 percent immediately post-war to well over 70 percent today (if communications, utilities and transportation are included). This transformation (which is also occurring with varying lags in the othereconomically advanced economies) is driven by a variety of forces : by changes in consumer demand, by the rising demand for health and educational services, by new ways in which businesses are organized and the increasing importance ofcertain functions (e. g. new demands for monitoring, financing, sales promotion, and responding to regulatory agencies), and, closely related, by the continuing advances in electronic technology. Moreover, these multiple transformations have been accompanied by changes in the way work is carried out (e. g. the dramatic increases in the utilization of white collar workers, particularly professionals and managers, and the employment of women and educated workers), and by shifts in the location of work and of the population (e. g. rising importance of key cities within the urban system and of suburbs generally). The role of services in modem capitalistic economies is not yet integrated into the body of economic theory, although the need for such integration, especially as regards theories ofgrowth, market structure, and pricing, is critical. Some economists and sociologists, however, have since the days of Adam Smith, dealt with certain aspects of the role of services.

Services in Economic Thought

Are services the basis for new social and human relationships? This book helps to shed theoretical light on these current controversies, which are among the most important at the present stage of our economic development.

Services in Economic Thought

The growth of the services sector has profoundly transformed developed societies, their economic characteristics, their occupational structures, and even their political priorities and value systems. No comprehensive theory of his growth exists, but for three centuries a number of major economists and social scientists have sought to analyze and explain its characteristics, dimensions and consequences. This book is the first to survey and evaluate these theoretical contributions on services growth, from the mercantillists and classicists to contemporary works, those beginning with Fisher, Clark and Fourasite, and further developed by Fuchs, Bell, Baumol, Stanback, Gershuny, among others. Throughout this critical survey the major issues raised by the ongoing development of the services are pointed out: Are services a new engine for economic growth or nonproductive' deadweights? How should services be classified in order to better understand their social functions? What about their productivity and possible industrialization? Are services the basis for new social and human relationships? This book helps to shed theoretical light on these current controversies, which are among the most important at the present stage of our economic development.

The Evolution of Economic Thought

Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

The Evolution of Economic Thought

In this scholarly and timely presentation of the history of economic thought, you'll see how new ideas, evidence, problems and values can be used to reconsider basic disputes and major contributions of the past. THE EVOLUTION OF ECONOMIC THOUGHT, 8e covers the history of economics, the philosophies that drive the economic way of thinking, the ideas of the great economic thinkers and their logical connections to the world. You'll see how Robert Solow's pioneering model can be used to discuss recent renewed emphasis on growth theory and technological change and will explore antitrust perspectives and game theory. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

A History of Economic Thought

Lionel Robbins's now famous lectures on the history of economic thought comprise one of the greatest accounts since World War II of the evolution of economic ideas. This volume represents the first time those lectures have been published.

A History of Economic Thought

Lionel Robbins's now famous lectures on the history of economic thought comprise one of the greatest accounts since World War II of the evolution of economic ideas. This volume represents the first time those lectures have been published. Lord Robbins (1898-1984) was a remarkably accomplished thinker, writer, and public figure. He made important contributions to economic theory, methodology, and policy analysis, directed the economic section of Winston Churchill's War Cabinet, and served as chairman of the Financial Times. As a historian of economic ideas, he ranks with Joseph Schumpeter and Jacob Viner as one of the foremost scholars of the century. These lectures, delivered at the London School of Economics between 1979 and 1981 and tape-recorded by Robbins's grandson, display his mastery of the intellectual history of economics, his infectious enthusiasm for the subject, and his eloquence and incisive wit. They cover a broad chronological range, beginning with Plato, Aristotle, and Aquinas, focusing extensively on Adam Smith, Thomas Malthus and the classicals, and finishing with a discussion of moderns and marginalists from Marx to Alfred Marshall. Robbins takes a varied and inclusive approach to intellectual history. As he says in his first lecture: "I shall go my own sweet way--sometimes talk about doctrine, sometimes talk about persons, sometimes talk about periods." The lectures are united by Robbins's conviction that it is impossible to understand adequately contemporary institutions and social sciences without understanding the ideas behind their development. Authoritative yet accessible, combining the immediacy of the spoken word with Robbins's exceptional talent for clear, well-organized exposition, this volume will be welcomed by anyone interested in the intellectual origins of the modern world.

The Evolution of Economic Thought

The Evolution of Economic Thought

The Seventh Edition of THE EVOLUTION OF ECONOMIC THOUGHT presents the history of economics and the philosophies that drive the economic way of thinking. It stresses the importance of understanding contemporary economics, by grasping new ideas, evidence, problems and values that call for reconsideration of basic disputes and major contributions of the past. The textbook explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow. Updated pedagogical features provide clear insight into issues like antitrust perspectives and game theory. Introducing ideas like Robert Solow's pioneering model to discuss recent renewed emphasis on growth theory and technological change, the author sheds historical light on modern debates and thoughts. Stanley Brue and Randy Grant carry on the legacy of Jacob Oser, the book's creator, by offering a scholarly and timely presentation of the history of economic thought.

A Recent History of Recognized Economic Thought Contributions of the Nobel Laureates to Economic Science

Recent Recognized "A History of Economic Thought - Contributions of the Nobel Laureates to Economic Science" describes their major accomplishments in a manner so all readers, regardless of their knowledge of economics, can appreciate the ...

A Recent History of Recognized Economic Thought  Contributions of the Nobel Laureates to Economic Science

Since 1969, 75 people have been awarded the Nobel Prize in Economics. Recent Recognized "A History of Economic Thought - Contributions of the Nobel Laureates to Economic Science" describes their major accomplishments in a manner so all readers, regardless of their knowledge of economics, can appreciate the efforts of these scholars and their impact on the development and progress of economic science. Begin with a brief tour of economic thought and the factors that have influenced economic doctrine from the 16th through the 20th century. Then, for each Nobel Laureate, learn about their background and professional affiliations. Complete your understanding of each Laureate's accomplishments with a concise, relatively non-technical summary of their Nobel Prize Lecture.

The Nature and Essence of Economic Theory

Joseph A. Schumpeter was a monumental figure in the history and development of economics. This work brings together his brilliant lectures, delivered more than a century ago, in its first English-language paperback edition.

The Nature and Essence of Economic Theory

Joseph A. Schumpeter was a monumental figure in the history and development of economics. This work brings together his brilliant lectures, delivered more than a century ago, in its first English-language paperback edition. Here, readers will discover Schumpeter's search for an economic science devoid of moral or political dogma. The Nature and Essence of Economic Theory works out what people should think of pure economics, what its nature is, what its methods and findings are, and where thought takes off from there. The book shows the limitations and weaknesses of nineteenth-century economics and how the field could be and was improved by establishing a fundamental differentiation between 'statistics' and 'dynamics'. To convey his arguments, Schumpeter uses certain axioms that form a consistent, self-contained system and show how sound economic science is based on facts and events rather than presuppositions or definitions. Schumpeter's larger aim, beyond a pedagogic tool, was to deduce changes in the market, trade, and exchange of goods and services. He defined the task of economy as the description of the system and its change tendencies. If that can be achieved unequivocally, without resorting to doctrine or dogma, then the field can be considered self-contained.

A Guide to What s Wrong with Economics

This book is a must-read for all economists and their graduate students, as well as for the general reader.

A Guide to What s Wrong with Economics

From the 1960s onward, neoclassical economists have increasingly managed to block the employment of non-neoclassical economists, narrow the economics curriculum offered by universities to students, and made their theory increasingly irrelevant to understanding economic reality. Now, they are even banishing economic history and the history of economic thought from the curriculum. Why has this tragedy happened? At this time of accelerating momentum for radical change in the study of economics, "A Guide to What's Wrong with Economics" comprehensively examines the shortcomings of neoclassical economics and considers a number of alternative formulations. In it, a distinguished list of non-neoclassical economists provide an examination of some of the many worldly and logical gaps in neoclassical economics, its hidden ideological agendas, disregard for the environment, habitual misuse of mathematics and statistics, inability to address the major issues of economic globalization, its ethical cynicism concerning poverty, racism and sexism, and its misrepresentation of economic history. In clear and engaging prose, "A Guide to What's Wrong with Economics" shows how interesting, relevant and exciting economics can be when it is pursued, not as the defense of an antiquated and close-minded system of belief, but as a no-holds barred inquiry looking for real-world truths. This book is a must-read for all economists and their graduate students, as well as for the general reader.

Journal of Economic Thought

This is not to say that producers of they see themselves ( as do most of their
goods and their services are without customers ) as providers of services (
Station , responsibility , but responsibility in these cases 1982 ) . In theory ,
product ...

Journal of Economic Thought


Development in India

This book examines various facets of the development process such as aid, poverty, caste networks, corruption, and judicial activism.

Development in India

This book examines various facets of the development process such as aid, poverty, caste networks, corruption, and judicial activism. It explores the efficiency of and distributional issues related to agriculture, and the roles of macro models and financial markets, with a special emphasis on bubbles, liquidity traps and experimental markets. The importance of finite changes in trade and development, as well as that of information technology and issues related to energy and ecosystems, including sustainability and vulnerability, are analyzed. The book presents papers that were commissioned for the Silver Jubilee celebrations at the Indira Gandhi Institute of Development Research (IGIDR). The individual contributions address related development problems, ensuring a homogeneous reading experience and providing a thorough synthesis and understanding of the authors’ research areas. The reader will be introduced to various aspects of development thought by leading and contemporary researchers. As such, the book represents an important addition to the literature on economic thought by leading scholars, and will be of great value to graduate students and researchers in the fields of development studies, political economy and economics in general.

Milton Friedman

Rarely an uncontroversial figure, with his disciples and detractors to this day, this is neither a credulous nor a critical look at the Nobel laureate.

Milton Friedman

"One of the most important economic thinkers of all time" - Paul Krugman Milton Friedman changed the world. From free markets in China to the flat taxes of Eastern Europe, from the debate on drugs to interest rate policy, Friedman's skill for vivid argument and ideas led to robust and often successful challenges to a dizzying amount of received wisdom. Relying on big-picture economic analysis and an insistent faith in human freedom, he took on the economic and political orthodoxies of his day - and if he didn't always win, he never failed to change the terms of the debate. Rarely an uncontroversial figure, with his disciples and detractors to this day, this is neither a credulous nor a critical look at the Nobel laureate. A brand new guide, it simply sets out to explain his economic and public policy thinking in a straightforward and accessible way for the general reader and student. Find out: - how Friedman undermined Keynesianism and the prevailing wisdom of large-scale economic intervention - how he demonstrated the true cause of the Great Depression and identified its real culprits (they weren't the ones jumping out of the windows) - what Friedman believed really destroys the value of the money in your pocket and how it can be stopped - his arguments for why regulations and minimum- wage laws actually achieve lower standards and greater poverty - his reasons for why big corporations prefer markets that aren't free, and how high taxation harms the wealthy less than anyone else. With more, too, on democracy, equality, global trade, education, public services and financial crises, this is a concise but comprehensive guide to the influence of a key 20th century thinker. It is a must-read for anyone who wants to know more about the economist whose work changed everything.

Ecosystem Services

This book bridges the gap between economic and ecological theory and practice. Its main focus is on how the principles of the Austrian School of economics could improve the validity of Ecosystem Services.

Ecosystem Services

This book bridges the gap between economic and ecological theory and practice. Its main focus is on how the principles of the Austrian School of economics could improve the validity of Ecosystem Services. The concept of ‘Ecosystem Services’ is a relatively recent innovation in environmental thought. The current system is dependent upon mainstream economic theory, in which monetary and fiscal policy controls the prevailing health of the economy. The dependence on this approach to finance, Muddiman argues, limits the potential of ecosystem services and exacerbates the effects of the existing flawed economic model. The book highlights the links between ecological and economic methodologies and concepts and outlines how the principles of Austrian Economic theory could provide better environmental outcomes. It then goes on to formulate approaches to ecosystem services which could act as drivers towards a new biodiversity-based economic framework built around distributed ledger technology, or ‘blockchain’. The key distinction of this book is its consideration of ecosystem services as a function of the current economic system. Using this as a starting point it investigates how an alternative economic model would achieve the integration of environmental considerations into economic decision making.

Economic Thought

The prices of commodities and services were liberalized at the very start of the
economic reform in 1990 . The state kept on controlling the prices of certain basic
commodities ( about 20 ) which unnoticeably multiplied in the middle of the 90s .

Economic Thought


Economic Crisis and Economic Thought

Alternative Theoretical Perspectives on the Economic Crisis Tommaso Gabellini, ... The strategy for a European Single Market of goods and services was ...

Economic Crisis and Economic Thought

The ongoing economic crisis has revealed fundamental problems both in our economic system and the discipline which analyses it. This book presents a series of contrasting but complementary approaches in economic theory in order to offer a critical toolkit for examining the modern capitalist economy. The global economic crisis may have changed the world in which we live, but not the fundamental tenets of the discipline. This book is a critical assessment of the relation between economic theory and economic crises: how intellectual thinking impacts on real economic events and vice versa. It aims at challenging the conventional way in which economics is taught in universities and later adopted by public officials in the policymaking process. The contributions, all written by distinguished academics and researchers, offer a heterodox perspective on economic thinking and analysis. Each chapter is inspired by alternative theoretical approaches which have been mostly side-lined from current academic teaching programmes. A major suggestion of the book is that the recent economic crisis can be better understood by recovering such theoretical analyses and turning them into a useful framework for economic policymaking. Economic Crisis and Economic Thought is intended as a companion to economics students at the Master’s and PhD level, in order for them to confront issues related to the labour market, the financial sector, macroeconomics, industrial economics, etc. with an alternative and complementary perspective. It challenges the way in which economic theory is currently taught and offered via alternatives for the future.

Alfred Marshall

This succinct overview of Marshall's life and work as an economist sets his major economic contributions in perspective, by looking at his education, his travel, his teaching at Cambridge, Oxford and Bristol, his policy views as presented ...

Alfred Marshall

This succinct overview of Marshall's life and work as an economist sets his major economic contributions in perspective, by looking at his education, his travel, his teaching at Cambridge, Oxford and Bristol, his policy views as presented to government inquiries and his political and social opinions.

Theories of Surplus and Transfer Routledge Revivals

First published in 1990, this is an analysis of the history of western economics from Petty to Supply-Side, through the prism of the controversies over productive labour and its product.

Theories of Surplus and Transfer  Routledge Revivals

First published in 1990, this is an analysis of the history of western economics from Petty to Supply-Side, through the prism of the controversies over productive labour and its product. It treats the early economists’ "productive-unproductive" dichotomies as shorthands for many other sets of distinctions relevant for boundaries, value and welfare. Central to the debates is the question of whether the economy is said to generate a ‘surplus’. Economists and politicians with views on these matters include the Physiocrats, Smith and Ricardo, Marx and his Soviet and western admirers, the marginalists, Keynes, Polanyi, Becker, and Reagan. The book maps the shifting emphases that economists and social thinkers have placed on markets and ‘mode’ of production generally. This reissue will be useful to students of economic thought, welfare theory and policy, growth economics and economic systems.

Walras Economics

Originally published in 1977, this book is a companion to Professor Morishima's book Marx's Economics which was published in 1973.

Walras  Economics

Originally published in 1977, this book is a companion to Professor Morishima's book Marx's Economics which was published in 1973. As he did so successfully with Marx, Morishima intended with this book to change the standard assessment of his subject's contribution to the development of economic thought. The standard view was that Walras provided, in the second half of the nineteenth century, the basis for general equilibrium theory. He was thus regarded as a microeconomist, a founder of marginalism; but Morishima argues that, while Walras certainly made important contributions in that area, it is his attempt to build a macroeconomics on that foundation that should be regarded as his main achievement. This book will provoke great interest amongst all economists and advanced students of economic theory and its history.

Perspectives on the History of Economic Thought

Volume I: Classical and Neo-classical Economic Thought Donald Anthony Walker. service sector itself consists of two parts: private and public.

Perspectives on the History of Economic Thought

'The history of economics is a fascinating subject in its own right, an important part of the history of ideas and a source of valuable insights for modern economists. This new series is a welcome addition to the literature on the subject.' - Anthony Brewer, The Times Higher Education Supplement Volume I contains papers on the classical and neoclassical schools of economic thought. Many of those papers are relevant for current economic studies and all of them reveal how classical and neoclassical economics had an impact on subsequent doctrinal or practical developments.