A Brief Prehistory of the Theory of the Firm
A Brief Prehistory of the Theory of the Firm

Author: Paul Walker

Publisher: Routledge

Published: 2018-05-11

Total Pages: 124

ISBN-13: 1351041371

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The theory of the firm did not exist, in any serious manner, until around 1970. Only then did the current theory of the firm literature begin to emerge, based largely upon the work of Ronald Coase and to a lesser degree Frank Knight. It was work by Armen Alchian, Robert Crawford, Harold Demsetz, Michael Jensen, Benjamin Klein, William Meckling and Oliver Williamson, among others, that drove the upswing in interest in the firm among mainstream economists. This accessible book provides a valuable overview of the ‘prehistory’ of the firm. Spanning an impressive timeline, it delves into Antiquity, the Medieval era, the pre-classical economics period and the 19th and 20th centuries. Next, the book traces the theoretical contributions from pre-classical, classical and neoclassical economics. It will be illuminating reading for students and researchers of the history of economic thought, industrial organization, microeconomic theory and business history.

Foundations of Organisational Economics
Foundations of Organisational Economics

Author: Paul Walker

Publisher: Taylor & Francis

Published: 2021-03-28

Total Pages: 197

ISBN-13: 1000358844

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Foundations of Organisational Economics: Histories and Theories of the Firm and Production delves into a range of key topics to do with the history of the mainstream approach to the theory of production and the theory of the firm. This includes the frameworks used to analyse production, the division of labour and its application to the firm and the development of the neoclassical model of production. The first topic explored is the change from a normative approach to a largely positive approach to the analysis of the theory of production, which occurred around the seventeenth century. The next topic is an examination of the relationship (or the lack of a relationship) between the division of labour and the theory of the firm. In the fourth chapter, the focus is on the development of the proto-neoclassical approach to production. Here, the development of the theories of monopoly, oligopoly and perfect competition are discussed, as well as the theory of input utilisation. Chapter 5 looks at Marshall’s idea of the representative firm, which was the main early neoclassical approach to the theory of industry-level production. The penultimate chapter considers the criticisms made of the neoclassical model between 1940 and 1970. This work is an illuminating reference for students and researchers of the history of economic thought, industrial organisation, microeconomic theory and organisational studies.

Macroeconomic Theory and the Eurozone Crisis
Macroeconomic Theory and the Eurozone Crisis

Author: Alain Alcouffe

Publisher: Routledge

Published: 2018-10-11

Total Pages: 244

ISBN-13: 135110764X

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The financial crisis of 2007 required the economics discipline to thoroughly re-evaluate its prevailing theories about economic cycles and economic growth. With a focus on Europe, this volume identifies the latest strands of research on business cycles, monetary theory, the evolution of social policies and public spending, and the institutional context of the European Union. It also considers whether these new ideas could have helped us avoid the crisis, and how they might reshape the current economic paradigm. This book will be of interest to advanced students and researchers in European economics, macroeconomics and economic history.

Business Cycles and Economic Crises
Business Cycles and Economic Crises

Author: Niels Geiger

Publisher: Routledge

Published: 2018-09-03

Total Pages: 146

ISBN-13: 1317216334

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Throughout the history of economic thought, interest in business cycles and economic crises has sometimes been observed to rise during times of crises, recessions and depressions. However, the treatment of this topic in the literature has generally been merely anecdotal. This book presents a bibliometric and econometric analysis of the development of business cycle and crises theory and its connection to economic developments, particularly since the early 20th century. The book explores the connection between economic development and the literature, utilising systematic bibliometric and rigorous econometric methods and drawing its data from a wide range of sources. This volume provides quantitative answers to questions which have not previously been subject to a precise and comprehensive empirical analysis. This book will be of great interest to historians of economic thought for its novel treatment of a much-discussed topic, and its well-founded and transparent results.

The Economic Thought of Friedrich List
The Economic Thought of Friedrich List

Author: Harald Hagemann

Publisher: Routledge

Published: 2018-11-08

Total Pages: 272

ISBN-13: 1351245171

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As the world grapples with increased globalization and technological change, Friedrich List’s work appears more relevant than ever before. His theory of "productive powers" and his argument for protecting infant industries give us a valuable way of looking at innovation systems, winners and losers in international trade, and the current shift towards economic and political nationalism. Comprising fifteen specially commissioned chapters from a range of international scholars, this book explores many aspects of List’s economic thought, including industrial development, political economy, the economics of education, infrastructure and catching-up processes in Asian economies. This volume will be illuminating reading for advanced students and researchers in the history of economic thought, economic history, economic policy and international trade.

Money, Finance and Crises in Economic History
Money, Finance and Crises in Economic History

Author: Annalisa Rosselli

Publisher: Routledge

Published: 2018-09-03

Total Pages: 286

ISBN-13: 1351611658

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Recently, students and scholars have expressed dissatisfaction with the current state of economics and have called for the reintroduction of historical perspectives into economic thinking. Supporting the idea that fruitful lessons can be drawn from the work of past economists, this volume brings together an international cross section of leading economists and historians of economic thought to reflect on the crucial role that money, crises and finance play in the economy. The book draws on the work of economists throughout history to consider afresh themes such as financial and real explanations of economic crises, the role of central banks, and the design of macroeconomic policies. These themes are all central to the work of Maria Cristina Marcuzzo, and the contributions both reflect on and further her research agenda. This book will be of interest to researchers in the history of economic thought, and those who wish to gain a deeper understanding of the variety and diversity in approaches to economic ideas throughout history.

A Contemporary Historiography of Economics
A Contemporary Historiography of Economics

Author: Till Düppe

Publisher: Routledge

Published: 2018-09-13

Total Pages: 218

ISBN-13: 1351688219

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In recent years, the focus of historians of economic thought has changed to also include the ideas and practices of contemporary economists. This has opened up new questions regarding the utilization of sources, choice of method, narrative styles, and ethical issues, as well as a new awareness of the historian’s place, role, and task. This book brings together leading contributors to provide, for the first time, a methodological overview of the historiography of economics. Emphasising the quality of the scholarship of recent decades, the book seeks to provide research tools for future historians of economic thought, as well as to any historians of social science with an interest in historiographic issues.

The History of Money and Monetary Arrangements
The History of Money and Monetary Arrangements

Author: Thomas Marmefelt

Publisher: Routledge

Published: 2018-08-30

Total Pages: 204

ISBN-13: 113672818X

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Today, most money is credit money, created by commercial banks. While credit can finance innovation, excessive credit can lead to boom/bust cycles, such as the recent financial crisis. This highlights how the organization of our monetary system is crucial to stability. One way to achieve this is by separating the unit of account from the medium of exchange and in pre-modern Europe, such a separation existed. This new volume examines this idea of monetary separation and this history of monetary arrangements in the North and Baltic Seas region, from the Hanseatic League onwards. This book provides a theoretical analysis of four historical cases in the Baltic and North Seas region, with a view to examining evolution of monetary arrangements from a new monetary economics perspective. Since the objective exhange value of money (its purchasing power), reflects subjective individual valuations of commodities, the author assesses these historical cases by means of exchange rates. Using theories from new monetary economics , the book explores how the units of account and their media of exchange evolved as social conventions, and offers new insight into the separation between the two. Through this exploration, it puts forward that money is a social institution, a clearing device for the settlement of accounts, and so the value of money, or a separate unit of account, ultimately results from the size of its network of users. The History of Money and Monetary Arrangements offers a highly original new insight into monetary arrangments as an evolutionary process. It will be of great interest to an international audience of scholars and students, including those with an interest in economic history, evolutionary economics and new monetary economics.

Unproductive Labour in Political Economy
Unproductive Labour in Political Economy

Author: Cosimo Perrotta

Publisher: Routledge

Published: 2018-06-13

Total Pages: 480

ISBN-13: 1317218310

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Contemporary mainstream economists see social wealth as the sum of individual incomes, but for three centuries many economists saw wealth as consisting of the public and private resources of a nation. This led them to explore the idea of unproductive labour, which provides a nation with an individual income, but does not contribute to an increase in social wealth or help to foster development. This book analyses the evolution of ideas surrounding unproductive labour, offering an unprecedented history that guides readers from the work of Petty through to the present economic crisis. This volume explores the work of several key scholars, including Smith, Petty, Marx, Ricardo, Mill, Say and Schumpeter. This book is suitable for scholars and researchers with an interest in the history of economic thought, labour economics and economic philosophy. Winner of the 2019 Ernest Lluch Prize from the Spanish Association of Economic History

A Theory Of Northern Athapaskan Prehistory
A Theory Of Northern Athapaskan Prehistory

Author: John W Ives

Publisher: Routledge

Published: 2019-05-20

Total Pages: 421

ISBN-13: 0429713142

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This book explores the conceptual basis for the events and processes in the prehistory of the Athapaskans, one of the most wide-spread peoples in western North America. The author bases his research on the premise that social structure is not passively dependent on the technological and economic bases of society, and argues that, ultimately, kinshi