Best of
Economics

1974

Anatomy of the State


Murray N. Rothbard - 1974
    Following Franz Oppenheimer and Albert Jay Nock, Rothbard regards the state as a predatory entity. It does not produce anything but rather steals resources from those engaged in production. In applying this view to American history, Rothbard makes use of the work of John C. Calhoun.How can an organization of this type sustain itself? It must engage in propaganda to induce popular support for its policies. Court intellectuals play a key role here, and Rothbard cites as an example of ideological mystification the work of the influential legal theorist Charles Black, Jr., on the way the Supreme Court has become a revered institution.

Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century


Harry Braverman - 1974
    Written in a direct, inviting way by Harry Braverman, whose years as an industrial worker gave him rich personal insight into work, Labor and Monopoly Capital overturned the reigning ideologies of academic sociology.This new edition features an introduction by John Bellamy Foster that sets the work in historical and theoretical context, as well as two rare articles by Braverman, The Degradation of Work in the Twentieth Century (1975) and Two Comments (1976), that add much to our understanding of the book.

Power and Market: Government and the Economy


Murray N. Rothbard - 1974
    Man, Economy, and State with Power and Market, Scholar's edition (Auburn, Ala. ...

Before the Industrial Revolution: European Society and Economy, 1000-1700


Carlo M. Cipolla - 1974
    An economic historian of international reputation, Carlo M. Cipolla explores the process that made this transformation possible. In so doing, he sheds light not only on the economic factors but on the culture surrounding them.

Dying of Money: Lessons of the Great German and American Inflations


Jens O. Parsson - 1974
    It is a Reichsbanknote issued on August 22, 1923 for one hundred million marks. Nine years earlier, that many marks would have been about 5 percent of all the German marks in the world, worth 23 million American dollars. On the day it was issued, it was worth about twenty dollars. Three months later, it was worth only a few thousandths of an American cent. The process by which this occurs is known as inflation.A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust.In this book, Jens O. Parsson performs the neat trick of transforming the dry economic subject of inflation into a white-knuckles kind of blood-chiller. He begins with a freewheeling account of the spectacular inflation that all but destroyed Germany in 1923, taking it apart to find out both what made it tick and what made it finally end. He goes on to look at the American inflation that was steadily gaining force after 1962. In terms clear and fascinating enough for any layman, but with technical validity enough for any economist, he applies the lessons gleaned from the German inflation to find that too much about the American inflation was the same, lacking only the inexorable further deterioration that time would bring. The book concludes by charting out all the possible future prognoses for the American inflation, none easy but some much less catastrophic than others.Mr. Parsson brings much new light to bear on this subject. He lays on the line in tough, spare language exactly how and why the American inflation was caused, exactly who was responsible for causing it, exactly who unjustly benefited and who suffered from the inflation, exactly why the government could not permit the inflation to stop or even to cease growing worse, exactly who was going to pay the ultimate price, and exactly what would have to be done to avert the ultimate conclusion.This book packs a wallop. It is not for the timid, and it spares no tender sensibilities. The conclusions it reaches are shocking and are bound to provoke endless dispute. If they proved to approximate even remotely the correct analysis of the American inflation, hardly any American citizen could escape being the prey of inflation and no one could afford not to know where the inflation was taking him. In the economic daily lives of everyone, nothing will be the same after this book as it was before.

Limits of Organization


Kenneth J. Arrow - 1974
    A hermit on a mountain may value warm clothing and yet be hard-pressed to make it from the leaves, bark, or skins he can find. But when many people are competing with each other for satisfaction of their wants, learning how to exploit what is available becomes more difficult. In this volume, Nobel Laureate Kenneth J. Arrow analyzes why - and how - human beings organize their common lives to overcome the basic economic problem: the allocation of scarce resources.

The Making of Marx's Capital


Roman Rosdolsky - 1974
    Rosdolsky investigates the relationship between various versions of Capital and explains the reasons for Marx's sucessive reworkings; he provides a textual exegesis of Marx's Grundrisse, now widely available, and reveals its methodological riches. He presents a critique of later work in the marxist tradition on the basis of Marx's fundamental distinction between 'capital in general' and 'capital in conrete reality.' The Making of Marx's Capital' was first published in 1968 as Zur Enstehungsgeschichte des Marx'schen 'Kapital". 'The single best exegesis on Marx's Capital that I have ever read ...the tone is firm, completely undogmatic and wonderfully lucid.' Robert Heilbroner

Fundamental Methods of Mathematical Economics


Alpha C. Chiang - 1974
    The book's patient explanations are written in an informal, non-intimidating style. To underscore the relevance of mathematics to economics, the author allows the economist's analytical needs to motivate the study of related mathematical techniques; he then illustrates these techniques with appropriate economics models. Graphic illustrations often visually reinforce algebraic results. Many exercise problems serve as drills and help bolster student confidence. These major types of economic analysis are covered: statics, comparative statics, optimization problems, dynamics, and mathematical programming. These mathematical methods are introduced: matrix algebra, differential and integral calculus, differential equations, difference equations, and convex sets.

Engels, Manchester, and the Working Class


Steven Marcus - 1974
    Originally published: 1st ed. New York: Random House, [1974].

The Permanent War Economy: American Capitalism in Decline


Seymour Melman - 1974
    

The Incredible Bread Machine


Susan Love Brown - 1974
    Theo Kamecke was director and cameraman for the film. It is a commentary on Capitalism. It is about a man who invents a machine for producing bread very cheaply, but is punished by the government for his success.

Fundamentals of Financial Accounting


Glenn A. Welsch - 1974
    

Economics of Colonialism (Yale series in economic history)


Richard D. Wolff - 1974
    

Mises Made Easier: A Glossary for Ludwig Von Mises' Human Action


Percy L. Greaves Jr. - 1974
    

Capitalism and Theory


Michael Kidron - 1974
    

Champions of Freedom - The Ludwig von Mises Lecture Series


George Charles Roche III - 1974
    

Revolutionary Struggle 1947-1958, Volume 1: Selected Works of Fidel Castro


Fidel Castro - 1974
    An extensive editors' introduction places these statements in the context of both Castro's career and of the history of the Cuban revolutionary movement. A bibliography of Castro's works through 1958 is included as a tool for research.

The Politics of Change


Michael Manley - 1974
    

Mills and Markets: A History of the Pacific Coast Lumber Industry to 1900


Thomas R. Cox - 1974
    Mills and Markets: A History of the Pacific Coast Lumber Industry to 1900

Fights, Games, and Debates


Anatol Rapoport - 1974
    A scientifically grounded method by which we can understand human conflict in all its forms

Muscle And Blood


Rachel Scott - 1974
    One aspect Scott herself merely notes is the way the bonus system and the 1970's speedup make workers ignore safety insofar as safety slows them up. This three-year Ford Foundation funded study --relying more on interviews than tabulations --ably sketches the size and the pain of the slaughter but unlike Emma Rothschild in Paradise Lost (1973), for example, Scott does not press for the contextual grasp of technological and financial developments (or non-developments) which would locate the investigation in something more than abstract profiteering.