The illusion of economic stability

In one of the foremost critiques of the widespread view that in market-based economics the fluctuations of the marketplace are essentially self-regulating, Eli Ginzberg argues the reverse. He asserts that government regulation or intervention to provide stability in the capitalist marketplace is a necessity. In ...

European integration and health policy

the artful dance of economics and history

A functioning society

selections from sixty-five years of writing on community, society, and polity

Defining drugs

hor government bacame the arbietr of pharmaceutical fact

The new realities

Even in the flattest landscape there are passes where the road first climbs to a peak and then descends into a new valley. Most of these passes are simply topography with little or no difference in climate, language, or culture between the valleys on either ...

Why constitutions matter

Adam Smith and the founding of market economics

Debt relief for the poorest countries

Economic life in the modern age

Werner Sombart (1863-1941) may well have been the most famous and controversial social scientist in Germany during the early twentieth century. Highly influential, his work and reputation have been indelibly tainted by his embrace of National Socialism in the last decade of his life. Although ...

The discretionary economy

a normative theory of political economy

The Discretionary Economy argues that we do in fact control our own political and economic destinies. As a community, we have discretion over policies that determine whether an economic process adequately provides for the necessities of life. We also determine who participates in normative public ...

John Hicks

his contributions to economic theory and application

Economist Sir John Hicks was the first British economist to win the Nobel Prize in Economic Science (1972) for his wide ranging contributions in general and his book Value and Capital in particular. Value and Capital showed that the basic results of consumer theory could ...

American capitalism

the concept of countervailing power

In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the ...

Production and distribution theories

ÍNDICE I.Introduction. II.William Stanley Jevon. III.Philip H. Wicksteed. IV.Alfred Marshall. V.Francis Y. Edgeworth. VI.Carl Menger. VII.Friederich Von Wieser. VIII.Eugen Von Bohm-Bawerk. IX. Leon Walras. X.Knut Wicksell. XI.John Bates Clark. XII.Euler's Theorem and the ...