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Essays in Political Economy: In Honour of E.J. Urwick
by Harold Innis Cody H. J.This volume of essays in Political Science is a tribute to the character and work of Professor Edward Johns Urwick who in June, 1937, retired under the age limit from the chair of Political Economy in the University of Toronto. It is the first volume of a series in Political Economy to be published by the Maurice Cody Foundation and the University of Toronto Press. It includes articles written by colleagues of Professor Urwick in the Department of Political Economy on subjects in which they had special interest, and articles which are summaries of work done by holders of the Maurice Cody Fellowship since its establishment in 1928. By a happy coincidence, this volume is issued fifty years after the chair in Political Economy was founded.
Essays in Production, Project Planning and Scheduling
by Reha Uzsoy P. Simin Pulat Subhash C. SarinFrom the Preface: This festschrift is devoted to recognize the career of a man who not only witnessed the growth of operations research from its inception, but also contributed significantly to this growth. Dr. Salah E. Elmaghraby received his doctorate degree from Cornell University in 1958, and since then, his scholarly contributions have enriched the fields of production planning and scheduling and project scheduling. This collection of papers is contributed in his honor by his students, colleagues, and acquaintances. It offers a tribute to the inspiration received from his work, and from his guidance and advice over the years, and recognizes the legacy of his many contributions. Dr. Elmaghraby is a pioneer in the area of project scheduling (in particular, project planning and control through network models, for which he coined the term 'activity networks'. ) In his initial work in this area, he developed an algebra based on signal flow graphs and semi-Markov processes for analyzing generalized activity networks involving activities with probabilistic durations. This work led to the development of what was later known as the Graphical Evaluation and Review Technique (GERT), and GERT simulation models. He has made fundamental contributions in determining criticality indices for activities, in developing methodologies for project compression and time/cost analysis, and in the use of stochastic and chance-constrained programming and Petri Nets for the analysis of activity networks. This volume brings together fourteen contributions, which can be viewed under the following three main themes: operations research and its application in production planning; project scheduling, and production scheduling, inspired by, and in many cases based on, Dr. Elmaghraby's work in these areas. The first five chapters are devoted to the first theme, followed by four chapters each devoted to the other two, respectively. An additional chapter is devoted to the vulnerability of multimodal freight systems.
Essays in Public Sector Entrepreneurship
by David B. Audretsch Albert N. LinkThis book explores public sector entrepreneurship from an international perspective. It features essays from eminent scholars in the field addressing entrepreneurial public policies from different countries. Public sector entrepreneurship is at the cusp of becoming a watchword in international policy circles. This book is a pioneer volume in this emerging field and provides topics and policies that are broadly applicable across different economies. Public sector entrepreneurship refers to innovative public policy initiatives that generate greater economic prosperity by transforming a status-quo economic environment into one that is more conducive to economic units engaging in creative activities in the face of uncertainty. In today's economy, public sector entrepreneurship affects that transformation primarily by increasing the effectiveness of knowledge networks; that is, by increasing the heterogeneity of experiential ties among economic units and the ability of those same economic units to exploit such diversity. Through policy initiatives that are characterized by public sector entrepreneurship, there will be more development of new technology and hence more innovation throughout the economy.
Essays in Social Value Theory: A Neoinstitutionalist Contribution
by Marc R. ToolThis is a collection of Marc Tool's essays on instituitional econonics, written over the 1980s.
Essays in the Economic History of the Atlantic World (Routledge Studies in International Economic and Social History)
by John McCuskerWritten by one of the leading authorities on trade and finance in the early modern Atlantic world, these fourteen essays, revised and integrated for this volume, share as their common theme the development of the Atlantic economy, especially British America and the Caribbean. Topics treated range from early attempts in medieval England to measure the carrying capacity of ships, through the advent in Renaissance Italy and England of business newspapers that reported on the traffic of ships, cargoes and market prices, to the state of the economy of France over the two hundred years before the French Revolution and of the British West Indies between 1760 and 1790. Included is the story of Thomas Irving who challenged and thwarted the likes of John Hancock, Samuel Adams, Alexander Hamilton, George Washington and Thomas Jefferson.
Essays in the History of Economics
by Warren J. Samuels Marianne Johnson Willie Henderson Kirk D. JohnsonUnder the impressive editorship of Warren Samuels et al, this book addresses the state of the history of economic thought today. An important contribution to the study of the history of economics, this eagerly-awaited book will develop an unsurprisingly large following.
Essays in the Theory of Economic Fluctuations
by M. KaleckiThese essays, though formally independent, nevertheless constitute a whole, each one preparing the way for the succeeding chapter.
Essays on Balance of Payments Constrained Growth: Theory and Evidence (Routledge Studies in Development Economics #Vol. 37)
by A. P. Thirlwall J. S. L. McCombieThere are many theories concerning the relationship between the pace of development and economic growth in different countries. This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth. The evidence and ramifications within the book will be of interest to economists and policy-makers in developing countries.
Essays on Classical and Marxian Political Economy: Collected Essays IV (Routledge Studies in the History of Economics)
by Samuel HollanderSamuel Hollander’s work has been provoking debate for over four decades. This book brings together key contributions of recent years, in addition to some brand new pieces. The essays are introduced by a Preface in which Hollander reflects on his past work and reactions to it. Highlights include two issues of particular current relevance. Conspicuous is an extensive chapter regarding Adam Smith’s often neglected arguments for government intervention in the economy to correct market failures, and his critical view of the business class as an anti-social force. Important economists considered in relation to Adam Smith’s position on the role of the state include Jeremy Bentham and the Scottish-Canadian John Rae. Similarly of high present-day interest is a re-examination of Karl Marx’s theory of exploitation, or the notion of profits as "embezzlement," demonstrating Marx’s effective abandonment of this perspective in the case of the small active businessman as distinct from the major joint-stock corporation. Other papers demonstrate the close intellectual relationship between David Ricardo and Thomas Robert Malthus; the extensive common ground between the British school and the French under the leadership of Jean-Baptiste Say; the failure of a so-called anti-Ricardian opposition in Britain represented by Samuel Bailey; and the denial of a sharp discontinuity between "classical" and later "neo-classical" economics. Finally, several biographical essays are included as well as an extension of the autobiographical account appearing in Collected Essays II.
Essays on Economics and Economists
by R. H. CoaseHow do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries. In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith, Alfred Marshall, Arnold Plant, Duncan Black, and George Stigler, as well as economists at the London School of Economics in the 1930s. Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991.
Essays on Economics and Economists
by R. H. CoaseReflections on two centuries of economic history from a Nobel Prize winner in the field: &“An accessible collection by a renowned economist.&”—Library Journal How do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries. In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith, Alfred Marshall, Arnold Plant, Duncan Black, and George Stigler, as well as economists at the London School of Economics in the 1930s. &“Are you looking for a book by an economist who can really write and has insight after insight on free markets vs. government regulation? Would you like it even better if you could get some good laughs from his clever way of putting things? Then Ronald H. Coase&’s Essays on Economics and Economists is the book for you.&”—Reason
Essays on Financial Analytics: Applications and Methods (Lecture Notes in Operations Research)
by Constantin Zopounidis Pascal Grandin Pascal Alphonse Karima BouaissThis book covers recent research advances, methods and techniques, applications and projects in financial analytics, with a focus on the effects of the health crisis on banking activities and financial engineering. It explores the latest developments in banking regulation, banking and financial systems, financial engineering, and corporate finance in order to provide financial analytics that assess financial stability and sustainability. Written for researchers and practitioners alike, the book is intended to promote stimulating scientific exchanges, ideas and experiences in the field of financial analytics for economics and management.
Essays on Government Growth: Political Institutions, Evolving Markets, and Technology (Studies in Public Choice #40)
by Joshua Hall Bryan KhooThis book contains eight papers focusing on factors associated with the growth of government. There is a large literature in public economics, especially public choice, on the determinants of the growth of government. The papers in this volume focus on a number of arguments related to why government has grown in many developed countries during the nineteenth and twentieth centuries. Chapters focus on taxation, trade openness, technology, income changes, and tax compliance. The volume features prominent scholars such as Nobel Laureate Gary Becker, Casey Mulligan, Gordon Tullock, Randall Holcombe, and Tyler Cowen.
Essays on Hayek
by Fritz MachlupVarying according to the scope of Hayek's contributions, the papers in this volume include among others:* An affirmation of the "relevance" of Hayek's work* A survey of his contribution to knowledge* An appraisal of Hayek's innovative work on the methodology of the social sciences* A discussion of Hayek's achievements as scholar and mentorThe contributors are: Fritz Machlup, Geroge Roche, Arthur Shenfield, Max Hartwell, William Buckley, Gottfried Dietze, Shirley Letwin.
Essays on Keynesian and Kaldorian Economics
by A. P. ThirlwallThis volume of essays contains 16 papers the author has written over the last 40 years on various aspects of the life and work of John Maynard Keynes and Nicholas Kaldor. It covers both theoretical and applied topics and highlight the continued relevance of Keynesian and Kaldorian ideas for understanding the functioning of capitalist economies.
Essays on Liberalism and the Economy (The Collected Works of F.A. Hayek #18)
by F.A. HayekA deft selection of unpublished and little-known works by F. A. Hayek that will serve to enlighten and enliven debates around the ever-changing face of Western liberalismAcross seventeen volumes to date, the Collected Works of F. A. Hayek series has anthologized the diverse and prolific writings of the Austrian economist synonymous with classical liberalism. Essays on Liberalism and the Economy traces the author’s long and evolving writings on the cluster of beliefs he championed most: liberalism, its core tenets, and how its tradition represents the best hope for Western civilization. This volume contains material from almost the entire span of Hayek’s career, the earliest from 1931 and the last from 1984. The works were written for a variety of purposes and audiences, and they include—along with conventional academic papers—encyclopedia entries, after-dinner addresses, a lecture for graduate students, a book review, newspaper articles, and letters to the editors of national newspapers. While many are available elsewhere, two have never appeared in print, and two others have not been published in English. The varied formats collected here are enriched by Hayek’s changing voice at different stages of his life. Some of the pieces resonate as high-minded and noble; some are meant as cuts to "intellectuals" (a pejorative term when used by Hayek) like Keynes and Galbraith. All serve to distill important threads of his worldview.
Essays on Liberalism and the Economy, Volume 18 (The Collected Works of F.A. Hayek #18)
by F.A. HayekA deft selection of unpublished and little-known works by F. A. Hayek that will serve to enlighten and enliven debates around the ever-changing face of Western liberalism Across seventeen volumes to date, the University of Chicago Press’s Collected Works of F. A. Hayek series has anthologized the diverse and prolific writings of the Austrian economist synonymous with classical liberalism. Essays on Liberalism and the Economy traces the author’s long and evolving writings on the cluster of beliefs he championed most: liberalism, its core tenets, and how its tradition represents the best hope for Western civilization. This volume contains material from almost the entire span of Hayek’s career, the earliest from 1931 and the last from 1984. The works were written for a variety of purposes and audiences, and they include—along with conventional academic papers—encyclopedia entries, after-dinner addresses, a lecture for graduate students, a book review, newspaper articles, and letters to the editors of national newspapers. While many are available elsewhere, two have never appeared in print, and two others have not been published in English. The varied formats collected here are enriched by Hayek’s changing voice at different stages of his life. Some of the pieces resonate as high-minded and noble; some are meant as cuts to “intellectuals” (a pejorative term when used by Hayek) like Keynes and Galbraith. All serve to distill important threads of his worldview.
Essays on Macroeconomic Policy and Growth in India
by Shankar AcharyaThis collection provides a rare insider account of the top economic policy team that was instrumental in India's reform journey during the 1990s. The book brings a unique perspective to the macroeconomic management in India's economic development.
Essays on New Institutional Economics
by Rudolf RichterThis collection of essays comprises some of Rudolf Richter's important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.
Essays on Philosophy, Politics & Economics
by Gerald Gaus Christi Favor Julian LamontThis collection of 15 essays illustrates how philosophy could apply to evaluating economics and encouraging policy debates. The writers, distinguished philosophers with interdisciplinary backgrounds, cover a wide range of topics, including: rationality and human values; economic desert; ethics and efficiency; choice, consent, and morality; the future and issues of equality and fairness; and policy, ethics, and economics. The book's concept is an interesting and thought-provoking approach to the integration of a variety of disciplines. Annotation ©2010 Book News, Inc. , Portland, OR (booknews. com)
Essays on Piero Sraffa: Critical Perspectives on the Revival of Classical Theory (Routledge Library Editions: The History of Economic Thought)
by Bertram Schefold Krishna BharadwajThe papers collected in this book, first published in 1990, represent the edited proceedings of a conference held to celebrate the 25th anniversary of the publication of Piero Sraffa’s Production of Commodities by Means of Commodities. In arranging the conference, and subsequently during the editing of the papers, great care has been taken to invite scholars of different schools of thought to contribute. The result of this collection of ideas has resulted in a most promising critique and provides an extensive alternative to modern Neo-Classical theory, of interest to all students of economic thought.
Essays on Pollution Control in Economics and Management Science: An Interdisciplinary View (Lecture Notes in Operations Research)
by Fouad El OuardighiThe book features contributions that address both environmental economics and environmental management. It presents a novel dynamic modeling framework for environmental economics in which environmental absorption efficiency is considered as a time-dependent variable with its own dynamics. It also introduces several extensions and applications of the model, including the possibility of including self-regenerating environmental absorption efficiency, non-cooperative transboundary issues with two superimposed free-rider behaviors (i.e., emissions reduction and restoration efforts), and deforestation. In the environmental management context, it puts forward an entirely new dynamic modeling framework. Unlike static approaches, the model considers both flow and stock variables, reflecting the accumulation of pollution over time. In turn, the book assesses sustainable configurations for supply chain competition, providing mathematical insights and managerial recommendations that integrate accumulated pollution aspects and associated negative externalities. Overall, the book calls for combining environmental economics and environmental management in order to arrive at more realistic, empirically grounded models. Given its focus, the book offers a valuable resource for researchers and graduate students with an interest in addressing pollution control challenges in the fields of economics and management science.
Essays on Port Economics
by Miguel Angel Pesquera Juan Castanedo Pablo Coto-MillánThe aim of this book is to offer a comprehensive overview of the economics of ports for scientists, students and professionals. The text is divided into five self-contained parts: the first chapter defines the demand for port services using an econometric approach. The second part analyzes the provision of port services using the production, cost, investment and profit functions of various ports. The third part combines the two previous parts in order to propound a general equilibrium approach. The fourth part looks at regulation, efficiency and the existence of ports as natural monopolies. Finally, the fifth part uses Cost Benefit Analysis for an economic evaluation of the feasibility of building new ports or enlarging existing ones.
Essays on Rational Expectations and Flexible Exchange Rates (Routledge Library Editions: Exchange Rate Economics)
by Nasser SaidiOriginally published in 1982. This book deals with exchange-rate determination and the implications of floating rate regimes for the time paths of prices and quantities. It develops a class of stochastic equilibrium models of the open economy operating under flexible exchange rates, assuming that agents are endowed with rational expectations but do not possess full current information as to the state of the world. Chapters look at a model’s response to economic disturbances, the effect on non-traded goods, and cyclical variations of the terms of trade. The final chapter considers a model to investigate purchasing parity issues.
Essays on Saving, Bequests, Altruism and Life-cycle Planning
by Laurence J. KotlikoffThis collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government. While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlannerto U. S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits.