Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed.
This book addresses:
* probability, utility and rationality within current economic thought and practice
* concepts of ignorance and indeterminancy
* experimental economics
* econometrics, with particular reference inference and estimation.

Subjectivism plays a fundamental role in many alternative schools of thought in economics. This work explores major methodological issues in the area of radical subjectivism and includes contributions from Jorg Bibow, Peter Boettke, Maurizio Caserta, Steven Horwitz, Brian J. Loasby, Steven Parsons, Steve Sullivan and Carlo Zappia.

Geoff Harcourt has made substantial and wide ranging contributions to economics in general, and to post Keynesian economics in particular. In this volume more than 40 leading economists pay tribute to and critically evaluate his work. In particular, contributions focus on: debates in the area of Captial Theory; the development of post Keynesian economics and the Cambridge tradition; and major figures in history of economic thought including Marx, Keynes and Sraffa. The contributors represent a wide range of schools in economics, and include Nobel Laureates Paul Samuelson and Robert Solow.

Social Economics is a way of thinking about economic affairs that begins with the philosphical foundations. It begins at this level, frequently overlooked by mainstream economists, to illustrate how critical premises are in the construction of an economy and the repair of a dysfunctional economy.
Social Economics uses these premises to undertake a rich range of empirical and policy related work. Much of this work is represented in this volume, which brings together leading practioners from the field of social economics. Subjects addressed include:
* values and...

Global warming is established as the major environmental issue in the international political agenda. It is commonly understood to be the most difficult problem to solve politically. Whilst there are many arguments about what should be done about global warming, there have been few attempts to explain the politics surrounding it. This text looks at the major theories within the discipline of international relations, and considers how these might be able to provide accounts of the emergence of global warming as a political issue. After discussing the dominant neo-realist and neo-liberal...

In the late 1920s Piero Sraffa initiated his scientific project to revive the classical surplus approach to the theory of value and distribution. Since the 1960s Pierangelo Garegnani has played a major role in keeping this project alive, adopting Sraffa's concern with the critique, interpretation and reconstruction of classical theory. This text celebrates Garegnanis achievement and expands upon his work in areas such as: the critique of neoclassical theory; classical political economy and its relationship to marginalism; issues in the theory of production; and the surplus approach and...

In the ROUTLEDGE FRONTIERS OF POLITICAL ECONOMY series, an evaluation of the use of representative agent models in macroeconomics which examines the justifications for their use and concludes that representative agent models are neither a proper nor a particularly useful means of studying aggregate behaviour.

In recent years there has been increasing discontent with the abstract nature of mainstream economics. Not only does this make the subject less relevant to real issues, it drives a wedge between economics and other disciplines ostensibly addressing the same issues. Borderlands of Economics explores the ways in which economics might be reconnected, both with the real world and with other disciplines.

Economic analysis of the family is a recent, but already well-established area in economics. Economists have developed new methods to analyze decisions such as marriage, childbearing, divorce and the use of family resources. The economic approach has become crucial for design and understanding in many policy areas of current interest in modern societies, such as family, tax, social security and gender equality policies. The text bears evidence to the lively and relevant research in the area. The first part provides a picture of the state of the art of economics of the family as it relates to...

Drawing on a rich literature and case study material from selected industries, and elaborating on key concepts such as firms and competencies, industries and industrial systems, and competitiveness and prosperity, this book sets out to answer three broad research questions:
* What is competition about in today's economy?
* Why do geographical areas (local milieus, cities, regions, countries) specialize in particular types of economic activity, and why do patterns of specialization, once in place tend to be so tremendously durable?
* How can high-cost regions in general and small...