Political Economy

This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades...

_x005F_x000D_ Starting with Marx’s schemes of reproduction, this book reviews and assesses Marx’s major economic theses. These include: the labour theory of value; accumulation and technical change and its impact on labour; the concept of unproductive labour; the tendential falling rate of profits; ..

This book contends that neoclassical approaches to modelling economic behaviour based on optimal control by "representative-agents" are ill-suited to a world typified by concurrency, decentralized control, and interaction. It argues for the development of new, process-based approaches to analysis, m..

This volume explores, develops, and critiques the rich literature on costs, examining the many roles cost plays in economic theory and practice. The book especially studies costs from the perspective of the Austrian or "causal-realist" approach to economics. The chapters integrate historical work wi..

The 2nd edition of this introductory text covers several significant events, such as: the election of Barack Obama followed by Donald Trump; the passage of the Affordable Care Act and its likely repeal; and the publication of Thomas Piketty’s Capital in the 21st Century. With an emphasis on data, th..

According to the standard position, the efficient production of so-called public goods, including law and defense, requires the use of territorial "monopolies of force". This book challenges this assumption and provides a comprehensive economic and ethical case for extending the applicability of vol..

Containing a number of critical perspectives on the treatment of rationality in economics, this offers insights from diverse areas of economics which casts doubt on the feasibility of a single notion of rationality within this field of study..

This book examines the relationship between the property market and urban economy. The stimulus for this work was provided by the seemingly ever accelerating process of urban economic change and the noticeable failure of existing studies to adequately explore the pivotal role that the property marke..

The economics of voting is about when, and subject to what qualifications, electoral markets are like ideal commercial markets where universally self-interested behaviour yields outcomes that are in some sense best for society as a whole. Self-interest can be relied upon in voting about the redistri..

The economics of voting is about when, and subject to what qualifications, electoral markets are like ideal commercial markets where universally self-interested behaviour yields outcomes that are in some sense best for society as a whole. Self-interest can be relied upon in voting about the redistri..

First Published in 2004. Routledge is an imprint of Taylor & Francis, an informa company...

The basic income guarantee, a universal unconditional income grant, has received increasing attention from scholars as an alternative to the kinds of reforms that have been implemented. This book explores the political, sociological, economic, and philosophical issues of the basic income guarantee...