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This collection is inspired by the coming retirement of Professor Wolfram Elsner. It presents cutting-edge economic research relevant to economic policies and policy-making, placing a strong focus on innovative perspectives. In a changing world that has been shaken by economic, social, financial, and ecological crises, it becomes increasingly clear that new approaches to economics are needed for both theoretical and empirical research; for applied economics as well as policy advice. At this point, it seems necessary to develop new methods, to reconsider theoretical foundations and especially to take into account the theoretical alternatives that have been advocated within the field of econom...
Leading international experts in the field of normative social choice theory, complemented by experts in economic methodology and political science discuss the major developments arising from collaboration between experts in these cognate disciplines.
This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of Keynesianism. Professors Chiarella, Flaschel and Semmler investigate basic methodological issues, the...
This book represents the third of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. This book offers a full treatment of the interlinkages between the real and the financial markets, including an analysis of banking, credit, and endogenous money and asset markets. It remains critical of quite frequently used conventional macro models that have dropped the tradition of studying the macroeconomic feedback channels, well-known in the history of macroeconomics. Those feedback mechanisms are kno...
We live in an era of economic fabling where often fantastic representations of economic life in popular culture sit uncomfortably alongside a neoliberal capitalist fairy tale that the Earth's resources can continue to be exploited into an indefinite future. Popular Culture and Political Economic Thought: Fables of Commonwealth examines a variety of animated movies, TV shows, written fictions, adventure travelogues, and Paleo archeologies (and diets) to suggest that popular culture poses a multiform challenge to the failing theories and practices of neoclassical economics. This book contends that it does so most successfully by implementing older formations of political economic thought: stages theory, bioeconomics, and a robust discourse on commonwealth. An era of eco-crisis demands a new economics. It, therefore, also requires a new appraisal of the popular imaginary and its potential for leveraging alternative conceptions of economic and political relations. This book begins that conversation.
What keeps materialism moving? At a moment of crisis in materialism, in the wake of materialist practice once known as socialist revolution, this bold and innovative book presents oscillation as a metaphor for understanding materialism anew. Mindful of the dangers for materialism, Peter Hitchcock nevertheless shows how oscillation is part of the conceptual framework of materialist inquiry from Marx to the present. A reply to the call to rethink the material constraints on materialism itself, this book uses oscillation to refer simultaneously to movement within and between bodies of theory, within theories of the body, and within and between institutional spaces in which such theory is taken ...
This re-incorporation of economics into political economy is one (small, but not insignificant) element in a larger project: to place all of the resources of present-day social-scientific research at the service of increasing democracy, in an ultimate direction toward socialism in the classic sense. An economics-enriched political economy is, above all, empowering: working people in general can calculate, build models, think theoretically, and contribute to a human-worthy future, rather than leaving all this to their "betters."
Drawing on a wide range of interdisciplinary sources, in dialogue with artists' writings, this anthology traces the historic origins of these debates in different versions of modernism and surveys the relationship between art, value and price; the evolution and influence of patronage; the actors and institutions of the art market; and the diversity of artistic practices that either criticise or embrace the condition of the contemporary market.