Economic Theory & Philosophy

This groundbreaking book provides a perspective on two alternative and competing views of the role of models in the development of theories and the advance of scientific understanding – namely, the syntactic and semantic approaches...

The book’s interpretation brings fresh insights into and new developments on the Ricardian international trade theory by examining the true meaning of the 'four magic numbers'. By putting together theories of comparative advantage and international money, the book attempts to elucidate Ricardo's int..

First Published in 2013. Routledge is an imprint of Taylor & Francis, an informa company...

Richard Cantillon was the first to see the economy as an interrelated whole and to give a coherent account of how it works. This is the first comprehensive study of his economic theory & of his place in the history of the subject...

For several decades, the orthodox economics approach to understanding choice under risk has been to assume that each individual person maximizes some sort of personal utility function defined over purchasing power. This new volume contests that even the best wisdom from the orthodox theory is inadeq..

First published in 1991, The Greatest Happiness Principle traces the history of the theory of utility, starting with the Bible, and running through Plato, Aristotle, and Epicurus...

The story of the economic development of the Soviet Union provided the first case in history of the establishment of a socialist economy and was therefore of great interest for economists and economic historians of the twentieth century. At the same time it affords a unique example of the transforma..

The story of the economic development of the Soviet Union provided the first case in history of the establishment of a socialist economy and was therefore of great interest for economists and economic historians of the twentieth century. At the same time it affords a unique example of the transforma..

Using statistical analysis, this volume, originally published in 1925, examines the sociological aspects of the business cycle. It discusses which areas of social activity are influenced by the business cycle and measures the relative degree of this influence in each of the areas which are covered. ..

Taking a theoretical, conceptual and empirical approach and using real-life case studies, Social Costs and Public Action in Modern Capitalism examines current analyses of the global capitalist market economy...

This landmark volume spans a wide range of economic approaches to social justice. Inspired by the work of Duncan Foley, and featuring many of the leading scholars in the field, the volume aims to open the discussion on a critical economic theory which values fairness and social justice...

The idea that money and its power over the world needs to be demystified, is one that not many people will argue with. This snappy well argued book attempts to do exactly that...