Kategoria BISAC: Business & Economics >> Development - Economic Development

This chronicle of the rise and fall of the post-war consensus in five key policy areas - the mixed economy, full employment, trade unions, welfare and foreign policy - remains a superb introduction to one of the major debates of recent political...

• Inframarginal Analysis vs. Marginal Analysis is presented as a consistent theoretical framework throughout.
  
• Shows how the relationship of Inframarginal Analysis to Marginal Analysis has influenced the shift...

Technological advance is the key driving force behind economic growth, argues Richard Nelson. Investments in physical and human capital contribute to growth largely as handmaidens to technological advance. Technological advance needs to be understood as an evolutionary process, depending much more on ex post selection and learning than on ex ante calculation. That is why it proceeds much more rapidly under conditions of competition than under monopoly or oligopoly.

Nelson also argues that an adequate theory of economic growth must incorporate institutional change...

Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner's principal asset--his home--will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides...

In his study of Canada, John A. Stovel examines the changes in that country's balance of payments and balance of trade from confederation to the present day, including as part of his examination historical, statistical, and theoretical points of view. The author also reexamines critically--and finds himself in sharp disagreement with--Jacob Viner's classic in the field, Canada's Balance of International Indebtedness, 1900-1913, which has long been considered the definitive analysis of the subject.

Developing in Part I an eclectic theory of international balance of payments,...

Perhaps the most important economic development of the last ten years has been the integration process engaged in by European countries. Today other groups of countries throughout the world either contemplate or have already undertaken similar courses of action. Although professional economists have already devoted much attention to the subject, considerable work remains to be done. The present study represents an attempt to advance our scientific knowledge in this direction.

This work is entirely theoretical and fully deductive. Its contribution lies both in the method used and in...

While fighting a war for the Union, the Republican party attempted to construct the world's most powerful and most socially advanced nation. Rejecting the common assumption that wartime domestic legislation was a series of piecemeal reactions to wartime necessities, Heather Cox Richardson argues that party members systematically engineered pathbreaking laws to promote their distinctive theory of political economy.

Republicans were a dynamic, progressive party, the author shows, that championed a specific type of economic growth. They floated billions of dollars in bonds, developed a...

Japan has had one since before the Pacific War. Germany has always had one. Britain has had one after another. Shouldn't the United States get one?

Though hotly debated throughout the 1980s, this was the wrong question, leading to years of delay and confusion. The United States already had an Industrial Policy, said Otis Graham, but one which was uncoordinated and often harmful. This policy morass, which continued in the 1990s under George Bush despite the erosion of America's competitive position, owes much to a misunderstood history of government economic policy. Elements of both...

Albert O. Hirschman is renowned worldwide for theories that have been at the forefront of political economics during the last half century. In these twenty essays he casts his sharp analytical eye on his own ideas, questioning and qualifying some of his major propositions on social change and economic development. Hirschman's self-subversion, as well as the self-affirmation that is also present here, reveal the workings of a distinguished mind. They also bring us fresh perspective on the material in his twelve previous books and countless essays.In the substantial essays that open this...