Keynes’s Evolutionary Spirit

Keynes’s Evolutionary Spirit

Author: Jesús Muñoz-Bandala

Publisher: Springer Nature

Published: 2022-02-16

Total Pages: 339

ISBN-13: 3030901505

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This book chronicles the way Keynes’s generous philosophy of practice evolved in consonance with the needs of his epoch. From a youngster reflecting on ethics and the classics, to becoming a leading voice in both wars in terms of political philosophy and international relations, to playing the role of innovator in both probability and economics, to taking a stance as an art appreciator, Keynes’s life and multidisciplinary contributions to humankind were permeated by his philosophical milieu. However, only a flexible, dynamic, and broad philosophy could have reflected and led the economic and political events in the world of the first part of the 20th Century, which is what Keynes managed to accomplish, and that is what the book suggests. This book captures the gist of Keynes’ evolutionary philosophy for our times. The book adds an evolutionary perspective to the existing literature on Keynes. As a case in point, the theoretical foundations of both macroeconomics and laissez faire are dissected. But the book also tells the story of how Keynes’s philosophy is adapted to a convulsed world, which is akin to ours, his legacy being gifted with multiple human considerations. The book offers an outline of Keynes’s philosophical stance—also compared with those of other European thinkers—at a moment when new ethical, epistemological, economic, and political perspectives are required, especially after the crisis of 2020. The conclusion is that Keynes ́s theoretical and practical insights were far ahead of his time.


Evolutionary Macroeconomics (Routledge Revivals)

Evolutionary Macroeconomics (Routledge Revivals)

Author: John Foster

Publisher: Routledge

Published: 2013-02-01

Total Pages: 326

ISBN-13: 113664623X

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First published in 1987, Evolutionary Macroeconomics offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented. The book begins with a commentary on the state of macroeconomics and an evaluation of attempts to redevelop its underlying vision of economic behaviour. Particular attention is paid to the treatment of expectations and anticipations. The second part of the book presents a behavioural framework which is compatible with an evolutionary perspective on economic behaviour. The third part of the book discusses the implications of adopting an evolutionary approach to macroeconomic theory, empirical methods and policy design, culminating in a specific policy proposal to cure stagflation.


State and Evolution

State and Evolution

Author: Yegor Gaidar

Publisher: University of Washington Press

Published: 2011-11-15

Total Pages: 160

ISBN-13: 0295801239

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�What was the revolution of the 1990s for Russia?� writes Yegor Gaidar. �Was it a hard but salutary road toward the creation of a workable democracy with workable markets, a way for Russia to develop and survive in the twenty-first century? Or was it the prologue to another closed, stultified regime marching to the music of old myths and anthems?� Few are as well-equipped to consider this matter as Gaidar, noted Russian economist and prime minister during Boris Yeltsin�s early years as post-Soviet Russia�s leader. He is also a student of the socioeconomic history of his country, which he traces in the book with skill and insight. Both Eastern and Western influences are examined in light of Russia�s particular challenges and choices over the years and the kinds of institutions it developed as a result. The author focuses on comparing attitudes toward private property and the persistence of Eastern forms of landownership. He sees Marx�s concept of the �Asiatic mode of production� as unfortunately still reflecting Russian realities. Gaidar�s interesting analysis of Western development offers a perspective on private ownership of property in relation to government ownership that explains a lot about the evolution of socioeconomic and political systems East and West. �If our country begins yet another cycle of privatization of authority and office,� concludes the author, �it will shut itself off from the First World. If we can open up this socioeconomic space, if we can let liberal democratic evolution take its course, then Russia will have every chance in the world to take its rightful place among twenty-first-century civilizations.� State and Evolution was published in Russia in 1994. The English edition includes a new preface discussing the significance of events since that time.


The SAGE Encyclopedia of Economics and Society

The SAGE Encyclopedia of Economics and Society

Author: Frederick F. Wherry

Publisher: SAGE Publications

Published: 2015-09-01

Total Pages: 1969

ISBN-13: 1452217971

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Economics is the nexus and engine that runs society, affecting societal well-being, raising standards of living when economies prosper or lowering citizens through class structures when economies perform poorly. Our society only has to witness the booms and busts of the past decade to see how economics profoundly affects the cores of societies around the world. From a household budget to international trade, economics ranges from the micro- to the macro-level. It relates to a breadth of social science disciplines that help describe the content of the proposed encyclopedia, which will explicitly approach economics through varied disciplinary lenses. Although there are encyclopedias of covering economics (especially classic economic theory and history), the SAGE Encyclopedia of Economics and Society emphasizes the contemporary world, contemporary issues, and society. Features: 4 volumes with approximately 800 signed articles ranging from 1,000 to 5,000 words each are presented in a choice of print or electronic editions Organized A-to-Z with a thematic Reader's Guide in the front matter groups related entries Articles conclude with References & Future Readings to guide students to the next step on their research journeys Cross-references between and among articles combine with a thorough Index and the Reader's Guide to enhance search-and-browse in the electronic version Pedagogical elements include a Chronology of Economics and Society, Resource Guide, and Glossary This academic, multi-author reference work will serve as a general, non-technical resource for students and researchers within social science programs who seek to better understand economics through a contemporary lens.


Darwinism and Evolutionary Economics

Darwinism and Evolutionary Economics

Author: John Laurent

Publisher: Edward Elgar Publishing

Published: 2001-01-01

Total Pages: 260

ISBN-13: 1843762943

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This outstanding collection of essays by leading scholars helps explain how evolutionary economics has come of age. They show how evolutionary economics offers a progressive and diverse research agenda built on strong foundations. These are essays of lasting value. J. Stanley Metcalfe, University of Manchester, UK Darwinism is fast becoming an orthodoxy of modern thought, a framework within which a wide range of knowledge communities conduct their discourse. Ever since its formation, Darwinian theory has experienced a close, though not always comfortable, association with economics. Evolutionary economists now appear to show little concern for the consistency of knowledge in their embrace of Darwinism. Darwinism and Evolutionary Economics brings together contributions from eminent authors who, building on Darwin s own insights and on developments in evolutionary theory, offer challenging views on how economics can use evolutionary ideas effectively. This collection of critical essays provides a thorough examination of the application of Darwinian theory to economic thought, and will appeal to evolutionary economists and all those with an interest in Darwin, innovation and evolutionary science.


The Origins and Evolution of Consumer Capitalism

The Origins and Evolution of Consumer Capitalism

Author: John P. Watkins

Publisher: Taylor & Francis

Published: 2023-04-11

Total Pages: 241

ISBN-13: 0429813066

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Consumer capitalism arose with the second industrial revolution, the application of continuous-mass production to consumer goods during the late nineteenth and early twentieth centuries. This book adopts a Veblenian, Keynesian viewpoint, presenting an evolutionary view of consumption combined with the need to increase demand to match increases in production. The book traces the history of consumer capitalism, examining the paradox posed by applying continuous-mass production to produce armaments for dynastic ambitions versus consumer goods for the masses, manifesting itself in the world wars of the twentieth century. Multiple paradoxes at the heart of the story address booms leading to busts, over-producing countries in Asia relying on over-consuming countries in the West, and the expansion of demand depending on increasingly inventive ways of liquefying assets, in light of stagnant incomes. The book persuasively argues that these paradoxes result from capitalism’s incessant drive to accumulate capital, fostering conflict, crises, and depression. The latest paradox results from the impact of continuous-mass production on the environment, manifesting itself as the Darwinian dilemma. The dilemma stems from human beings largely winning the struggle for existence and, in the process, possibly making the earth uninhabitable, at least for humans.


New Directions in Post-Keynesian Economics

New Directions in Post-Keynesian Economics

Author: John Pheby

Publisher: Edward Elgar Publishing

Published: 1989-01-01

Total Pages: 296

ISBN-13: 9781782543558

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"In all, New Directions in Post-Keynesian Economics proves that the intellectual vision for the realization of the Keynesian revolution is abundant. John Hillard, European Association for Evolutionary Political Economy Newsletter "The Pheby-edited essays should prove useful to anyone interested in post-Keynesian economics. The level of exposition makes them accessible to advanced undergraduates without being too pedestrian for scholars in the field. Dudley Dillard, The Eastern Economics Journal


J.M. Keynes Versus F.H. Knight

J.M. Keynes Versus F.H. Knight

Author: Yasuhiro Sakai

Publisher: Springer

Published: 2019-06-28

Total Pages: 164

ISBN-13: 9811380007

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This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now well recognized, Keynes's work on probability and uncertainty has been somewhat ignored in the shadow of his more famous The General Theory of Employment, Interest and Money (1936). Focusing on an earlier yet equally important volume by Keynes, A Treatise on Probability (1921), this book sheds a light on his outstanding ideas and the lasting influence on his later works, including The General Theory. There are few books that systematically discuss Keynes and Knight, although there are remarkable comparisons between Keynes's concept of probability and uncertainty and Knight's distinction between a measurable risk and a non-measurable uncertainty. This timely book unifies Keynes and Knight into a new, comprehensive approach to a very complex human behavior


Rethinking Economic Evolution

Rethinking Economic Evolution

Author: Ulrich Witt

Publisher: Edward Elgar Publishing

Published: 2016-07-30

Total Pages: 261

ISBN-13: 178536507X

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Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.


The Evolution of Economic Ideas

The Evolution of Economic Ideas

Author: Phyllis Deane

Publisher: Cambridge University Press

Published: 1978-10-05

Total Pages: 260

ISBN-13: 9780521293150

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An introduction to the history of economics for undergraduate students. Puts some of the current theoretical controversies into long-term perspective by tracing their historical antecedents and parallels.