Economic theory and philosophy

The consensus on Alan Greenspan's performance as Fed chair used to be extremely positive, but more and more it's been called into question. Now, 2008 has seen Ben Bernanke in the eye of a storm that was created largely during Greenspan's tenure. His...

Labor Regime Change in the Twenty-First Century sets as its task to assess the validity, in light of current economic development, of the epistemology structuring different historical interpretations that see unfree labor as incompatible with capitalism...

Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains...

A personal, journalistic ethnography of the modern American working class, based on the travels and interactions of the author through the American heartland. "Second Classis the most important book you will read all year. A political realignment is...

Markets and power in digital capitalism delves into the complex world of modern capitalism, where technology giants reign supreme. From Google and Apple to Amazon and Tencent, these internet behemoths have reshaped the economic landscape, transforming...

A concise and rigorous introduction to widely used approaches in structural econometric modeling Structural econometric modeling specifies the structure of an economic model and estimates the model's parameters from real-world data. Structural...

An updated look at global trade and why it remains as controversial as everFree trade is always under attack, more than ever in recent years. The imposition of numerous U.S. tariffs in 2018, and the retaliation those tariffs have drawn, has thrust trade...

A new, evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or...

A cutting-edge introduction to key topics in modern economic theory for first-year graduate students in economics and related fields.Volume II of Microeconomic Foundations introduces models and methods at the center of modern microeconomic theory. In...

Eminent scholar-activist Neil Davidson's brilliance is on full display in this posthumous work, a timely and prescient introduction to the neoliberal era.While it is widely agreed that neoliberalism arose in the wake of the global economic crisis of the...

Slicing through blunt theories of supply and demand, Callon presents a rigorously researched but counterintuitive model of how everyday market activity gets produced.If you're convinced you know what a market is, think again. In his long-awaited study,...

Blue Ocean Strategy, the #1 global bestseller, forever changed how the world thinks about strategy. Now W. Chan Kim and Rene Mauborgne offer up a bold, new idea that will transform how we all think about innovation.Disruption dominates innovation theory...

Long awaited, this volume offers the first full English language translation of Henryk Grossman's The Law of Accumulation.The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises was Henryk Grossman's most...

A key contribution to post-war Marxist thinking, finally back in print.Alfred Sohn-Rethel's Intellectual and Manual Labour is one of the major texts of post-war Marxist theory. A tremendous influence on the central figures of the Frankfurt School, with...

In The Corporation, Law and Capitalism, Grietje Baars offers a radical Marxist perspective on the role of law in the global political economy. Closing a major gap in historical-materialist scholarship, Baars demonstrates how the corporation, capitalism's...

In most accounts of the origins of money we are offered pleasant tales in which it arises to the mutual benefit of all parties as a result of barter. In this groundbreaking study David McNally reveals the true story of money's origins and development as...

In Marx, Women and Capitalist Social Reproduction, Martha E. Gimenez offers a distinctive perspective on social reproduction which posits that the relations of production determine the relations of social reproduction, and which links the effects of...

7 Secrets of Persuasion is the first book to take the latest scientific insights about the mind and apply them to the art of persuasion. It directly translates the revolution in neuroscience that has occurred over the last 40 years into practical new...

Over the last forty years our choices have narrowed, our opportunities have shrunk, and our lives have become governed by a handful of very large and very powerful corporations. Today, practically everything we buy, everywhere we shop, and every service...

Kz Uno is widely recognized as one of the most important Marxist economists of the 20th century, and yet most of his work remains untranslated and thus unavailable to the Anglo-Saxon world. This English language edition of his influential...

Praise for Richard Wolff and Democracy at Work:"Richard Wolff's constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly...

Everyone wants to be happy...don't they? Everyone seeks fulfillment in life...don't they? Unfortunately, this is not the common state in life today and much is due to the human failing of greed. This book offers a solution.Science explains and...

The work of Karl Polanyi has gained in influence in recent years to become a point of reference to a wide range of leading authors in the fields of economics, politics, sociology and social policy. Newly available in paperback, this volume is a...

How beliefs shape financial markets and expose the economy to major risksThe collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Nicola Gennaioli and Andrei Shleifer walk readers through the unraveling of Lehman and...

A groundbreaking study that shows how countries can create innovative, production-based economies for the twenty-first century. Achieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to...

From Nobel Prize-winning economist Jean Tirole, a bold new agenda for the role of economics in society When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to...

One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has,...

In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including...

The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the...

From the field's leading authority, the most authoritative and comprehensive advanced-level textbook on asset pricing Financial Decisions and Markets is a graduate-level textbook that provides a broad overview of the field of asset pricing. John...

Who was the greater economist--Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist,...

A masterful introduction to the key ideas behind the successes-and failures-of free-market economicsSince 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market...

Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner...

It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of...

This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss...

Research on the spatial aspects of economic activity has flourished over the past decade due to the emergence of new theory, new data, and an intense interest on the part of policymakers, especially in Europe but increasingly in North America and...

An understanding of risk and how to deal with it is an essential part of modern economics. Whether liability litigation for pharmaceutical firms or an individual's having insufficient wealth to retire, risk is something that can be recognized,...

In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our...

In the face of an almost universal sense of surrender to capitalist globalization, this book demonstrates that postcapitalist subjects, economies, and communities can be fostered. The authors describe a politics of possibility that can build different...

We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of...

Imagine Karl Marx as a cartoonist, ready to set the record straight about his much maligned classic, Das Kapital. Impossibly difficult? Not in the least. Hopelessly outdated? Far from it. Though first published in 1867, Capital remains keenly relevant...