John Maynard Keynes (1883-1946) was the most influential economist of the first half of the twentieth century. During both world wars he was an adviser to the British treasury, and his theory of government stimulation of the economy through deficit spending influenced Franklin D. Roosevelt's "New Deal" administration. The mass unemployment caused ......
The proliferation of regional trade agreements is fundamentally altering the world trade landscape. The number of agreements in force surpasses 200 and has risen eight-fold in two decades. Today, as much as 40 percent of global trade takes place among countries that have some form of reciprocal regional trade agreement. Global Economic Prospects ......
Using detailed case studies with statistical analysis In Search of Economic Success assesses comparatively the `market liberal' belief in free markets, limited government and the trade-off between economic efficiency and social justice. Kenworthy argues that the key to economic success lies in combining competition with cooperation. Among advanced industrialized nations, the countries achieving the best economic performance results over the past three decades have been the most committed to combining competition and cooperation. Those faring worst rely predominantly on atomistic, individualistic competition. In the end, the comparative record strongly supports a focus on cooperation-inducing institutions.
Heavily influenced by the work of David Ricardo, and also taking ideas from Adam Smith and Thomas Malthus, the author demonstrates how important economic concepts could be applied to real-world situations. This work is intended for anyone with an interest in the history of economics or the history of ideas.
This book brings an exciting and innovative new approach to the study of politics today. It introduces political bargaining, a process at the heart of all political and economic exchanges in contemporary society and the very essence of politics itself, to provide a new framework and fresh insights to modern political science. The authors trace ......
Histories of economic thought have generally focused on the development of economic theory, notably value and distribution. The activity of applying economic theory to the understanding of particular situations and the solution of specific problems, though a part of the work of economists for several generations, has received relatively little ......
Demonstrates the capacity of people to bestow and to esteem benevolence, and to strive for virtue even while they are pursuing their own self-interest. This book tells that the root of our motivation to act benevolently toward others is our natural propensity to sympathize with others.
Essays by nine leading 20th-century economists (Friedrich Hayek, Ronald Coase, Thomas Schelling, Gordon Tullock, Israel Kirzner, Frank Graham, William Hutt, Clarence Philbrook and D. McCloskey) are presented in this volume. They all discuss how economists contribute to human betterment.
In this revised second edition, Deirdre McCloskey demonstrates how economic discourse employs metaphor, authority, symmetry and other rhetorical means of persuasion. "The Rhetoric of Economics" shows economists to be human persuaders and poets of the marketplace, even in their most technical and mathematical moods. It is further enhanced by three ......
