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The Means to Prosperity
While recent developments in monetary theory have been fast to spread to policy analysis and practice and the media, the same is not true of fiscal policy, and a void has emerged. Issues such as timing, cyclical adjustments, long-term sustainability, and social implications are often seen as detached from discussions in the public arena. This book fills this gap. It delivers a keen assessment of the role and scope of current fiscal policy. New contributions and critical reviews of state of the art research analyze fiscal policy in terms of viability, potency, consequences and sustainability, and also shed light on its relation to economic and political ideas. The general tone of this volume ...
The Theory of Monopoly Capitalism
In 1966, Paul Baran and Paul Sweezy published Monopoly Capital, a monumental work of economic theory and social criticism that sought to reveal the basic nature of the capitalism of their time. Their theory, and its continuing elaboration by Sweezy, Harry Magdoff, and others in Monthly Review magazine, infl uenced generations of radical and heterodox economists. They recognized that Marx’s work was unfi nished and itself historically conditioned, and that any attempt to understand capitalism as an evolving phenomenon needed to take changing conditions into account. Having observed the rise of giant monopolistic (or oligopolistic) fi rms in the twentieth century, they put monopoly capital a...
Agricultural Adaptation to Climate Change in Sub-Saharan Africa
In the light of the impact of extreme weather events, declining agricultural productivity and child malnutrition in sub-Saharan Africa, this book explores the potential for sustainable agriculture to better respond to climate-related threats. By presenting a case study of Senegal, the author offers insights into the impact of climate change on long-term crop production, food security, and child malnutrition. Furthermore, the study sheds new light on the financialization of agricultural production and foreign direct investments, discusses policy instruments and adaptation strategies for implementing sustainable agriculture, and highlights the role of green financing instruments to enable the harmonization of private financing and green infrastructure. It will appeal to scholars of agricultural and development economics, and anyone interested in climate risk mitigation strategies and sustainable agriculture to achieve a green transition in sub-Saharan Africa.
Control Systems and Mathematical Methods in Economics
Since the days of Lev Pontryagin and his associates, the discipline of Optimal Control has enjoyed a tremendous upswing – not only in terms of its mathematical foundations, but also with regard to numerous fields of application, which have given rise to highly active research areas. Few scholars, however, have been able to make contributions to both the mathematical developments and the (socio-)economic applications; Vladimir Veliov is one of them. In the course of his scientific career, he has contributed highly influential research on mathematical aspects of Optimal Control Theory, as well as applications in Economics and Operations Research. One of the hallmarks of his research is its i...
Income Distribution, Inflation, and Growth
Structuralist macroeconomics has emerged recently as the only viable theoretical alternative for economists and practitioners in developing countries. Lance Taylor's innovative work represents a landmark in this field. It codifies a new generation of structuralist macroeconomic models that incorporate the economic power relationships of key institutions and groups, integrates both finance and real macroeconomics, and covers a diverse range of experience in the developing world over the past three decades. In an introduction Taylor explains his methodology, describes assumptions underlying the models used, and reviews theories that relate economic growth and the role of financial assets. He t...
The Future of the Market
In this book Elmar Altvater, one of Germany's leading radical economists, considers the discordant state of the capitalist world today, drawing on bpth green and socialist economics. The end of 'actually existing socialism' has been widely hailed as confirmation of the supremacy of market forces. Yet both the post-Communist societies of the East and large parts of the South face a protracted crisis to which the apparently victorious West offers no solution. Against this background Altvater explains why Soviet planning ended in failure, having reproduced many negative features of the Western model without being able to sustain a global challenge to it. Altvater examines the claims currently m...
Decline of the Superpowers
Recent years have seen extensive change in the global economy as the United States' economic strength has declined while nations such as Japan and West Germany have grown dramatically. In Decline of the Superpowers, James Laxer considers the different patterns of economic and political development among nine of the world's strongest economies that have given rise to these changes. Countries covered are the United States, Britain, Japan, West Germany, France, Italy, Sweden, Canada, and the Soviet Union. He then discusses the trends of the future for the major industrialized powers.
