This book is about the distribution of wealth among people, described by statisticians as the size distribution of wealth, and the way that this distribution has changed over time. It provides answers to a host of important questions including, why is the distribution of wealth important and how can it be measured? How unequal is this distribution in practice, and has the degree of inequality changed over time? What factors determine the level of inequality? What criteria can be used to rank alternative distributions of wealth and what instruments are available to a government that wishes to change the distribution? How is the distribution of wealth related to the aggregate amount of wealth? The answers have many dimensions, notably economic, statistical, ethical, political, sociological and legal.
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Michael Schneider, Mike Pottenger and J. E. King
A Comparative History
In the wake of the global financial and Eurozone upheavals this timely book argues that the disaster cycle – a framework normally used in the context of natural disasters – is equally applicable to the analysis of other types of catastrophe. Employing a modified version of the disaster cycle framework to compare and analyse a range of catastrophes in different spheres, the author draws on ideas from a variety of disciplines including economics and economic history, disaster studies, management, and political science. This unique comparative approach presents case studies of several important disasters: Hurricane Katrina, the First World War, the depression of the early 1930s, Welsh coal mining accidents, the deadly effects of smoking tobacco, and the Global Financial Crisis and Eurozone catastrophe of the early twenty first century. The author argues that economists and economic policy makers routinely misuse the term crisis to describe episodes that ought to be called disasters.
A Treatise on the Natural Philosophy of Economics
Explanations by Great Economists
Edited by G. Page West III and Robert M. Whaples
As the United States continues its slow recovery from the global financial crisis of 2008, politicians, policymakers and academics are increasingly turning to the lessons of history to gain insight into how we might address both current and future economic challenges. This volume offers contributions by eminent economists and historians, each commenting on the theories of a particular 20th century economist and the ways in which those theories apply to modern economic thought.
Path to Sustainable Development – a Kaleckian-Schumpeterian Synthesis
Cycles, crises and innovation are the major economic forces that shape capitalist economies. Using a critical realist political economy approach, the analysis in this fine work is based on the works of Michał Kalecki and Joseph Schumpeter – both of whom identify these three dynamic forces as plotting the path of economic development. Jerry Courvisanos’ thought-provoking book examines how the rise of capital through investment enshrines innovation in profit and power which in turn determines the course of cycles and crises. The author concludes by arguing for strategic intervention by transformative eco-innovation as a public policy path to ecologically sustainable development.
Seventy-Five Years Later
Edited by Thomas Cate
This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory.
James E. Alvey
Arising from a disenchantment with mainstream economics – a dissatisfaction that is widespread today – A Short History of Ethics and Economics sketches the emergence and decline of the ethical tradition of economics and the crisis of modern economics. In doing so, James Alvey focuses on four of the leading ancient Greek thinkers: Socrates, Xenophon, Plato and Aristotle.
Edited by Heinz D. Kurz, Tamotsu Nishizawa and Keith Tribe
This highly illuminating book marks a significant stage in our growing understanding of how the development of national traditions of economic thought has been affected by both internal and external factors.
The Global Diffusion of his Work
Edited by Tiziano Raffaelli, Giacomo Becattini, Katia Caldari and Marco Dardi
This is a unique and detailed book which surveys the diffusion and reception of Alfred Marshall’s ideas and the ways they have influenced the development of economic science up to the present day.
Edited by Mark Blaug and Peter Lloyd
This is a unique account of the role played by 58 figures and diagrams commonly used in economic theory. These cover a large part of mainstream economic analysis, both microeconomics and macroeconomics and also general equilibrium theory.