Best of
Economics

1977

The Passions and the Interests: Political Arguments for Capitalism Before Its Triumph


Albert O. Hirschman - 1977
    Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.

The Age of Uncertainty


John Kenneth Galbraith - 1977
    ForewordThe Prophets & Promise of Classical CapitalismThe Manners & Morals of High CapitalismThe Dissent of Karl MarxThe Colonial IdeaLenin & the Great UngluingThe Rise & Fall of MoneyThe Mandarin RevolutionThe Fatal CompetitionThe Big CorporationLand & PeopleThe MetropolisDemocracy, Leadership, CommitmentA Major Word of ThanksNotesList of IllustrationsIndex

There's No Such Thing as a Free Lunch


Milton Friedman - 1977
    

A Guide for the Perplexed


Ernst F. Schumacher - 1977
    Schumacher writes about man's relation to the world. Man has obligations—to other men, to the earth, to progress and technology, but most importantly himself. If man can fulfill these obligations, then and only then can he enjoy a real relationship with the world, then and only then can he know the meaning of living.Schumacher says we need maps: a "map of knowledge" and a "map of living." The concern of the mapmaker—in this instance, Schumacher—is to find for everything its proper place. Things out of place tend to get lost; they become invisible and their proper places end to be filled by other things that ought not be there at all and therefore serve to mislead.A Guide for the Perplexed teaches us to be our own map makers. This constantly surprising, always stimulating book will be welcomed by a large audience, including the many new fans who believe strongly in what Schumacher has to say.

A History of Interest Rates (Wiley Finance)


Sidney Homer - 1977
    Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major economies. Underlying the analysis is their assertion that "the free market long-term rates of interest for any industrial nation, properly charted, provide a sort of fever chart of the economic and political health of that nation." Given the enormous volatility of rates in the 20th century, this implies we're living in age of political and economic excesses that are reflected in massive interest rate swings. Gain more insight into this assertion by ordering a copy of this book today.

Steady-State Economics


Herman E. Daly - 1977
    First published in 1977, this volume caused a sensation because of Daly's radical view that "enough is best." Today, his ideas are recognized as the key to sustainable development, and Steady-State Economics is universally acknowledged as the leading book on the economics of sustainability.

Optimization in Economic Theory


Avinash K. Dixit - 1977
    Recently revised andexpanded, the second edition will be a valuable resource for upper level undergraduate and graduate students.

Theory of Econometrics


A. Koutsoyiannis - 1977
    [It] assumes only college algebra and introductory statistics since 'the greatest attention is given to economic aspects of econometrics.'" The author's extensive revisions of several chapters and sections are aimed at further clarification of important and relevant data.àR

The Visible Hand: The Managerial Revolution in American Business


Alfred D. Chandler Jr. - 1977
    Alfred Chandler, Jr., the distinguished business historian, sets forth the reasons for the dominance of big business in American transportation, communications, and the central sectors of production and distribution.The managerial revolution, presented here with force and conviction, is the story of how the visible hand of management replaced what Adam Smith called the "invisible hand" of market forces. Chandler shows that the fundamental shift toward managers running large enterprises exerted a far greater influence in determining size and concentration in American industry than other factors so often cited as critical: the quality of entrepreneurship, the availability of capital, or public policy.

Accounting Theory


Eldon S. Hendriksen - 1977
    It includes a number of theories that are not necessarily consistent with each other and that may lead to different conclusions. Evaluations are made at three basic levels: the structural level, the semantic interpretation level, and the pragmatic level. Emphasis is placed on the inductive-deductive and the capital market approaches in the evaluations, although other approaches are discussed where appropriate. Suggested solutions are tentative and subject to change as new evidence becomes available.

Allende's Chile: An Inside View


Edward Boorstein - 1977
    economist who worked for the Popular Unity government analyzes its successes, goals and mistakes and recounts the events that led to its overthrow.

Economic Forces at Work


Armen A. Alchian - 1977
    It was clear that economics had a new master.Alchian has made important contributions to the economic analysis of inflation and unemployment and to the theory of costs and of the firm. He has played the leading role in the development of a theory of property rights. His writing is distinguished by his ability to disentangle the essential from the trivial and, above all, by his skill in showing how the same basic economic forces are at work in a wide variety of apparently completely different social settings.Armen A. Alchian is Professor Emeritus of Economics at UCLA.Ronald H. Coase is Professor Emeritus at the University of Chicago Law School. He was awarded the 1991 Nobel Prize in Economics.

Economic Analysis of Law


Richard A. Posner - 1977
    non-quantitative approach does not assume or require prior knowledge of economics or mathematics ii. part and chapter organization based on legal, not economic concepts - includes end-of-chapter sections to reinforce and extend learning through problems and suggested further readings This edition highlights a variety of new information, keeping it timely and topical: - the corporations chapter is revised and updated significantly in light of Enron and other corporate scandals; and Congress response in the Sarbanes-Oxley Act - an exciting new field of economics -- organizational economics -- is now included, with particular reference not only to corporations but also to nonprofits, law firms, and the judiciary - the rapidly expanding interest in the legal regulation of national security and foreign affairs (torture issues, executive power, the USA Patriot Act, etc.) requires the addition of the interesting economic issues presented by such regulation - expanded coverage of foreign law, of which there is increased interest, both substantive and institutional, and both national and supranational (e.g., European Union) is included throughout the book - new insights in the chapter on contracts are drawn from the author's recent scholarly work on contractlaw - since intellectual property is perhaps the hottest field in law today, the author incorporates some ideas from a book he recently coauthored with William Landes on the economic structure of intellectual property law - the chapter on finance is revised and updated to reflect the growing importance of behavioral finance. - novel legal-economic issues relating to the Internet are added to several chapters

Economic Studies: Contributions to the Critique of Economic Theory


David P. Levine - 1977
    His premise is that only an investigation of the system of elementary economic relations — value, capital, production — can overcome the confusion and misdirection which baffles progress in all areas of economic theory, and lay the foundation for further development of economic science. The object of the present volume is the criticism of the manner in which the elementary relations of economic life are grasped in economic theory.David Levine contends that in order to move beyond the dead end of contemporary economic analysis it is necessary to return simultaneously to the historical starting point of economic science — classical political economy — and to its conceptual starting point — the theory of value. Levine discusses both the origins of economic science and the character of contemporary economic thought. He presents a comprehensive critique of the ideas of classical political economy, claiming in particular that the secret of the whole of the development of economic theory since Adam Smith has been locked away in the notion of a 'labor theory of value.' He shows how this notion excludes the possibility of a science of economic relations as much for its advocates as for those who attempt to give a coherent account of economic life in its absence.The two volumes in preparation will develop a systematic and comprehensive exposition of the contents of economic theory based upon the critique of classical political economy and upon the initial formulations and insights of Marx.

Exchange and Production


Armen A. Alchian - 1977
    

Out of the Sweatshop: The Struggle for Industrial Democracy


Leon Stein - 1977
    

The Livelihood of Man


Karl Polanyi - 1977
    

The Golden Constant: The English and American Experience, 1560-1976


Roy William Jastram - 1977
    PrefaceTables & ChartsThe English ExperienceThe American ExperienceAppendix AAppendix BAppendix CIndex

The Deepening Crisis of U. S. Capitalism: Essays by Harry Magdoff and Paul M. Sweezy


Harry Magdoff - 1977
    Environment, global security and ethnicity and nationalism are all global issues today. Focusing on the political and social dimensions of the crisis, contributors examine changes in relationships between the world's richer and poorer countries, efforts to strengthen global institutions, and difficulties facing states trying to create stability for their citizens.

The Soviet Economic System


Alec Nove - 1977
    

Economics: Principles and Policy from a Christian Perspective


Tom Rose - 1977
    Book by Rose, Tom

Politics and Markets : The World's Political-Economic Systems


Charles E. Lindblom - 1977
    Already a classic, this analysis of the relationship between government and business evaluates the different forms of capitalism, socialism, and democracy in the crucial terms of efficiency and personal liberty.

Lectures on the Theory of Production


Luigi L. Pasinetti - 1977
    

The Politics of Technology


Godfrey Boyle - 1977
    

The Making of Marx's Capital Volume 2


Roman Rosdolsky - 1977
    Roman Rosdolsky investigates the relationship between various versions of Capital and explains the reasons for Marx’s successive reworking.

Price Theory And Its Uses


Donald Stevenson Watson - 1977
    It features a variety of applications, numerical illustrations and graphs with detailed captions. Each chapter has description diagrams, applications, problems and exercises, ending with a summary and selected references. Intended for intermediate price theory and intermediate microeconomics courses. This edition was published in 1981 by Houghton Mifflin Company.

The wealth of some nations (Zed imperialism series)


Malcolm Caldwell - 1977
    

China's Industrial Revolution: Politics, Planning, And Management, 1949 To The Present


Stephen Andors - 1977
    

Economic Perspectives: Further Essays on Money and Growth


John R. Hicks - 1977
    It makes readers view Hicks' work in a new light.