The new value controversy and the foundations of economics

The papers that comprise this collection introduce key advances in modern value theory. Equilibrium and non-equilibrium approaches are discussed alongside the theory behind abstract labour and money.

Monopoly capitalism in crisis

The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. Lucarelli argues that these pathological features of globalization acquire a remorseless logic during ...

What global economic crisis?

Economics has become an excessively esoteric discipline. Opportunities to bridge the gap between theorizing and policymaking are becoming increasingly limited. One issue of great importance to modern policymakers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by ...

General equilibrium, capital and macroeconomics

a key recent controversies in equilibrium theory

This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central ...

Business cycles and economic growth

an analysis using leading indicators

This volume is a collection of articles on business cycles from researchers across the globe, covering a wide spectrum of issues from forecasting, monitoring, and measurement of economic activity

Bailouts or bail-ins?

responding to financial crises in emerging economies

Roughly once a year, the managing director of the International Monetary Fund, the U.S. treasury secretary and in some cases the finance ministers of other G-7 countries will get a call from the finance minister of a large emerging market economy. The emerging market ...

Economic dynamics and general equilibrium

time and uncertainty

The developments in economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions - spot markets for commodities, financial markets - and the benchmark interpretation - forward markets for commodities, allowing all trade to take place ...

Principles of environmental eeconomics

Can economic growth be environmentally sustainable? This crucial question goes right to the heart of environmental economics and is a matter of increasing concern globally. The first edition of this popular title was the first introductory textbook in environmental economics that truly attempted to integrate ...

Surveys in economic growth

theory and empirics

This volume discusses recent work on economic growth from both theoretical and empirical points of view. * An in--depth discussion of recent work on economic growth. * Keeps readers abreast of the central ideas in the field. * Presents both theoretical and empirical points of view. * Accessible to ...

Divergent dynamics of economic growth

studies in adaptative economizing, technology change and economic developement

This book explains how changing technology and economizing behavior induce vast changes in productivity, resource allocation, labor utilization, and patterns of living. Economic growth is seen as a process by which businesses, regimes, countries, and the whole world pass through distinct epochs, each one emerging ...

The development of the financial sector in southeast Europe

innovative approaches in volatile environments

KfW has been assigned responsibility by the German government and several other donors for projects designed to reconstruct the financial landscapes of Southeast Europe. These activities are recognized as quite successful in building sustainable financial institutions that serve the small end of the market, with ...

Capital theory

This comprehensive three volume edition brings together the most important contributions in capital theory from its classical origins to its modern instantiations in endogenous growth models. The readings examine the recurring controversies, and the two incisive, and sharply contrasting introduction by Bliss and by Cohen ...

International finance and the developing economies

There are many challenges facing the economies of developing countries. Capital volatility, financial crises, aid, debt and the IMF are all issues that have received a great deal of attention over recent years. In International Finance and the Developing Economies, Graham Bird provides an essentially ...

Recent developments in growth theory

This two volume collection examines the major developmen in growth theory over the past decade. Key papers by leading scholars cover new trends in theoretical and empirical research.

The new regional politics of development

A broad-ranging assessment of the various development strategies being pursued in the various major regions of the world written to a tight editorial remit by leading authorities on each region. Its aim is to map new patterns of development and inequality moving beyond outdated distinctions ...

Economic growth and macroeconomic dynamics

recent developments in economic theory

The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behavior of optimizing agents in the economy. This book brings together a number of contributions in growth ...

Essays on balance of payments constrained growth

theory and evidence

There are many theories concerning the reasons that the pace of development and the growth of national product differ between nations. One of the most interesting theories concerns the relationship between a country's balance of payments and its economic growth and development. It is ...

The future of economic growth

as new becomes old

'How significant was the internet boom and bust? Robert Boyer brings significant and fresh insight to efforts to situate the meaning of the digital transformation through which we are living. With analytic discipline and historical perspective, Boyer provides an important interpretation that will be valuable ...

Building high-tech clusters

Silicon Valley and beyond

National economic growth is fueled by the development of high technology clusters such as Silicon Valley. The contributors examine the founding of ten clusters that have been successful at an early stage of growth in information technology. Their key finding is that the economics of ...

Innovation,entrepreneurship and culture

the interaction between technology,progress and economic growth

Any technological advance, innovation or economic growth created by an organization is dependent on how that organization's culture and environment fosters or inhibits these developments. This process is further complicated by the global nature of economic activity and differences in national cultures due to ...