Economics and Other Branches – In the Shade of the Oak Tree


Book Description

Pascal Bridel held the Chair of Economics at the University of Lausanne and is founder of the Centre Walras-Pareto. This major essay collection reflects his wide range of interests and his seminal contributions to economic theory. It is the work of more than thirty of the most senior scholars of economics working today.




Keynesian, Sraffian, Computable and Dynamic Economics


Book Description

This book explores an alternative approach to the conventional, market-based, view of economic theory and economic policy, at theoretical, numerical and applicable levels. The chapters provide a theoretical, empirical, and algorithmic approach to marcodynamics, Sraffian economics, and current policy issues. Post-Keynesian macroeconomics, business cycle theory, the trade cycle, microfoundations, and the Philips Machine are also covered. This book aims to challenge orthodox ideas and provide a lens through which to honour the work of Stefano Zambelli. It will be of relevant to students and academics interested in economics.




Including a Symposium on Austrian Economics in the Postwar Era


Book Description

The Research in the History of Economic Methodology (RHETM) 34A, includes original research from preeminent scholars in the field.




Economics as Anatomy


Book Description

For most of his career, Peter Swann’s main research interest has been the economics of innovation. But he has also been preoccupied with a second question: what is the best way to study empirical economics? In this book, he uses his knowledge of the first question to answer the second. There are two fundamentally different approaches to innovation: incremental innovation and radical innovation – ‘radical’ in the sense that we go back to the ‘roots’ of empirical economics and take a different tack. An essential lesson from the economics of innovation is that we need both incremental and radical innovation for the maximum beneficial effect on the economy. Swann argues that the same is true for economics as a discipline. This book is a much-awaited sequel to Putting Econometrics in its Place which explored what other methods should be used, and why. This book is about the best way of organising the economics discipline, to ensure that it pursues this wide variety of methods to maximum effect.




Metaphors in the History of Economic Thought


Book Description

Metaphors in the History of Economic Thought: Crises, Business Cycles and Equilibrium explores the evolution of economic theorizing through the lens of metaphors. The edited volume sheds light on metaphors which have been used by a range of key thinkers and schools of thought to describe economic crises, business cycles and economic equilibrium. Structured in three parts, the book examines an array of metaphors ranging from mechanics, waves, storms, medicine and beyond. The international panel of contributors focuses primarily on economic literature up to the Second World War, knowing again that the use of metaphors in economic work has seen a resurgence since the 1980s. This work will be of interest to advanced students and researchers in the history of economic thought, and economics and language.




The Birth of Economics as a Social Science


Book Description

Although considered a classic thinker, Sismondi is seldom discussed, at least in English. In this context, this volume offers a key reference work on the intellectual and economic contribution of Sismondi to the economic, political, and social sciences. The book explores his works in order to rediscover the direction of a viable path to individual and public happiness. Through examining Sismondi’s work, The Birth of Economics as a Social Science contributes to the current debate on the relationships between liberty, interpersonal relations, and wealth. Moreover, Dal Degan presents an analytical and historical example of the ways in which an author from the past attempted to connect these aspects in his scientific discourse. The first part of the book focuses on Sismondi’s political thought, paying particular attention to the different cultural and political traditions that pepper the author’s reflections on the conditions for liberty. The second part analyzes the epistemological view underlying how Sismondi’s historical method and multidisciplinary approach respond to the need to base economic discourse on a contextual and causal analysis that also addresses the historical and institutional structure of social organizations. Finally, the third part of the book is dedicated to Sismondi’s economic theory. This work brings the works of Sismondi to a wider readership. It will be of great interest to those studying and researching economic theory and the connections between economics and society, as well as the broader social sciences.




Founder of Modern Economics


Book Description

Founder of Modern Economics offers stimulating insight into a towering figure's influence on economics: a discipline and way of thinking that influences business, policy making, and everyday life.




Money, Finance and Crises in Economic History


Book Description

Recently, students and scholars have expressed dissatisfaction with the current state of economics and have called for the reintroduction of historical perspectives into economic thinking. Supporting the idea that fruitful lessons can be drawn from the work of past economists, this volume brings together an international cross section of leading economists and historians of economic thought to reflect on the crucial role that money, crises and finance play in the economy. The book draws on the work of economists throughout history to consider afresh themes such as financial and real explanations of economic crises, the role of central banks, and the design of macroeconomic policies. These themes are all central to the work of Maria Cristina Marcuzzo, and the contributions both reflect on and further her research agenda. This book will be of interest to researchers in the history of economic thought, and those who wish to gain a deeper understanding of the variety and diversity in approaches to economic ideas throughout history.




Economic Analyses in Historical Perspective


Book Description

This book brings together leading scholars of the history of economic thought to demonstrate the vitality and richness of a discipline that welcomes both practitioners of intellectual, contextual history, as well as specialists in the historical explanation of the analytical and theoretical dimension of economic science. They shed new light on a variety of themes and problems and move the frontier of knowledge in the areas covered. Economic Analyses in Historical Perspective is presented in three parts. The first deals with French traditions in economics, a field that Gilbert Faccarello has tilled for many years and to which he has made numerous contributions. The second turns to the dissemination and diffusion of economic ideas and theories across national borders, and thus to the European and even global level. Finally, the third part deals with analytical developments in some selected fields of economics: public economics, monetary policy, trade theory and spatial economics. This volume is of great importance to those who study history of economic thought, political economy and monetary economics. The chapters’ centre around the work of Gilbert Faccarello, making this book a fitting tribute to his academic career on the history of economic theory and ideas.




Léon Walras’s Economic Thought


Book Description

This book sheds new light on the general equilibrium theory of Léon Walras (1834–1910) from a historical perspective. Walras's construction of general equilibrium theory marked the dawn of modern economics, and the theory was greatly developed in the 20th century. However, Walras's own intentions and ideas behind the theory are still not fully understood. This book aims to clarify the intellectual background of Walras’s economics by delving into his original writings, which have not received much attention until now. Part 1 of the book reconsiders the relationship between Walras and his predecessors, Adam Smith (1723–1790), Jean-Baptiste Say (1767–1832), and Achylle Nicolas Isnard (1749–1803), who are believed to have had a decisive influence on Walras's general equilibrium theory. In Part 2, the book explores Walras's views on the labor market, entrepreneurship, and non-selfish human nature, including concepts like sympathy, which have been overlooked in his general equilibrium theory and subsequently misunderstood to this day. Walras’s economic thought is one of the foundational sources of modern economics. An accurate and in-depth understanding of it will provide a new perspective on the problems faced by modern economics and open future possibilities for economics as a social science. This book offers new insights not only to researchers and students of the history of economics but also to all those interested in the origins of modern economics.