Donald Markwell
- Published in print:
- 2006
- Published Online:
- January 2007
- ISBN:
- 9780198292364
- eISBN:
- 9780191715525
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198292364.003.0007
- Subject:
- Political Science, International Relations and Politics
This concluding chapter begins by discussing the evolution of Keynes’s ideas that underpinned his approach to reconstruction after the first and second world wars. Keynes’s economics after the First ...
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This concluding chapter begins by discussing the evolution of Keynes’s ideas that underpinned his approach to reconstruction after the first and second world wars. Keynes’s economics after the First World War were classical, stressing sound finance to defeat inflation; after the Second World War, his economics were Keynesian, and while he wished to avoid inflation, he especially sought to ensure full, or at least high, employment. A central element of Keynes’s idealism was the view that there are important economic causes of conflict between states, but that these could be remedied. He also believed at times, not only that the economic causes of conflict could be eliminated, but that certain economic measures, such as the creation of a free trade union, might themselves actively foster political harmony.Less
This concluding chapter begins by discussing the evolution of Keynes’s ideas that underpinned his approach to reconstruction after the first and second world wars. Keynes’s economics after the First World War were classical, stressing sound finance to defeat inflation; after the Second World War, his economics were Keynesian, and while he wished to avoid inflation, he especially sought to ensure full, or at least high, employment. A central element of Keynes’s idealism was the view that there are important economic causes of conflict between states, but that these could be remedied. He also believed at times, not only that the economic causes of conflict could be eliminated, but that certain economic measures, such as the creation of a free trade union, might themselves actively foster political harmony.
James Halteman and Edd Noell
- Published in print:
- 2012
- Published Online:
- May 2012
- ISBN:
- 9780199763702
- eISBN:
- 9780199932252
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199763702.003.0005
- Subject:
- Economics and Finance, Financial Economics
Following Adam Smith’s vision of a self-regulating moral economy the focus turned toward these self-regulating features and away from moral concerns. The chapter traces the development of the ...
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Following Adam Smith’s vision of a self-regulating moral economy the focus turned toward these self-regulating features and away from moral concerns. The chapter traces the development of the classical and neoclassical economists who emphasized the rational discovery of underlying natural principles in a social order and the fitting of human law to those principles. The Industrial Revolution brought with it issues of income distribution and controversy over whether poor people should receive public assistance. Population growth was viewed by many as an inevitable deterrent to increases in living standards. Bentham’s utility view of value and Marshall’s merging of supply and demand cemented the neoclassical view of value and left moral questions to the philosophers and theologians. Finding equilibrium states rather than economic processes became the research agenda. Vignettes on “Alfred Marshall and the Value of Something” and “Mill: The Life of Homo EconomicusIs Depressing at Best” conclude the chapter.Less
Following Adam Smith’s vision of a self-regulating moral economy the focus turned toward these self-regulating features and away from moral concerns. The chapter traces the development of the classical and neoclassical economists who emphasized the rational discovery of underlying natural principles in a social order and the fitting of human law to those principles. The Industrial Revolution brought with it issues of income distribution and controversy over whether poor people should receive public assistance. Population growth was viewed by many as an inevitable deterrent to increases in living standards. Bentham’s utility view of value and Marshall’s merging of supply and demand cemented the neoclassical view of value and left moral questions to the philosophers and theologians. Finding equilibrium states rather than economic processes became the research agenda. Vignettes on “Alfred Marshall and the Value of Something” and “Mill: The Life of Homo EconomicusIs Depressing at Best” conclude the chapter.
Joshua A. Berman
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780195374704
- eISBN:
- 9780199871438
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195374704.001.0001
- Subject:
- Religion, Judaism, Biblical Studies
This book reveals the Hebrew Bible to be a sophisticated work of political philosophy, and the birthplace of egalitarian thought. Focusing on the Pentateuch, this book lays bare the manner in which ...
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This book reveals the Hebrew Bible to be a sophisticated work of political philosophy, and the birthplace of egalitarian thought. Focusing on the Pentateuch, this book lays bare the manner in which the Bible appropriated and reconstituted ancient norms and institutions to create a new blueprint for society. Theology, politics, and economics were marshaled anew to weaken traditional seats of power, and to create a homogeneous class of empowered common citizens. Much of this anticipates developments in the history of political thought that would recur only during the Enlightenment and in the thought of the American Founding Fathers. Ancient religion granted sacral legitimation to the ruling classes and saw the masses as mere servants. The Pentateuch, by contrast, elevates the common citizenry in the eyes of God by invoking the political institution of the vassal treaty, and casting Israel as a subordinate king to the Almighty through the theology of covenant. Through the prism of the political philosophies of Plato, Aristotle, and Montesquieu, the book demonstrates the Pentateuch to be history's first proposal for the distribution of political power. Utilizing the anthropology of pre‐modern economies, ancient norms are explored concerning land tenure, taxation, and loans are reworked so that the common citizenry remains economically secure. Invoking the transformational role of the printing press in the spread of the Reformation and the birth of the Enlightenment, the book identifies far‐reaching consequences in the Bible's approach to what was then the new technology of communication: the alphabetic text.Less
This book reveals the Hebrew Bible to be a sophisticated work of political philosophy, and the birthplace of egalitarian thought. Focusing on the Pentateuch, this book lays bare the manner in which the Bible appropriated and reconstituted ancient norms and institutions to create a new blueprint for society. Theology, politics, and economics were marshaled anew to weaken traditional seats of power, and to create a homogeneous class of empowered common citizens. Much of this anticipates developments in the history of political thought that would recur only during the Enlightenment and in the thought of the American Founding Fathers. Ancient religion granted sacral legitimation to the ruling classes and saw the masses as mere servants. The Pentateuch, by contrast, elevates the common citizenry in the eyes of God by invoking the political institution of the vassal treaty, and casting Israel as a subordinate king to the Almighty through the theology of covenant. Through the prism of the political philosophies of Plato, Aristotle, and Montesquieu, the book demonstrates the Pentateuch to be history's first proposal for the distribution of political power. Utilizing the anthropology of pre‐modern economies, ancient norms are explored concerning land tenure, taxation, and loans are reworked so that the common citizenry remains economically secure. Invoking the transformational role of the printing press in the spread of the Reformation and the birth of the Enlightenment, the book identifies far‐reaching consequences in the Bible's approach to what was then the new technology of communication: the alphabetic text.
James Halteman and Edd Noell
- Published in print:
- 2012
- Published Online:
- May 2012
- ISBN:
- 9780199763702
- eISBN:
- 9780199932252
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199763702.003.0008
- Subject:
- Economics and Finance, Financial Economics
This chapter traces efforts to expand the approach of economic thinking to political, legal, social, and religious institutions. Using rational choice analysis, these efforts move the discussion ...
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This chapter traces efforts to expand the approach of economic thinking to political, legal, social, and religious institutions. Using rational choice analysis, these efforts move the discussion closer to value-laden areas of life. One important concern is the nature of the utility function, how it is formed, and what is utility or happiness?[CE1]Social norms, cooperation models, game theory, behavioral economics, and neuroeconomics all have something to say about human behavior,and they also have important moral ramifications. While some claim that behavioral responses in these cases are merely self-interest disguised, outward behavior seems to work best in the long run if it is heartfelt. Character traits that signal trust are strongest when backed by moral commitments, and there is evidence that human brains are hardwired with some empathetic tendencies. The work of Dan Kahneman and AmartyaSen is highlighted in the closing vignettes.Less
This chapter traces efforts to expand the approach of economic thinking to political, legal, social, and religious institutions. Using rational choice analysis, these efforts move the discussion closer to value-laden areas of life. One important concern is the nature of the utility function, how it is formed, and what is utility or happiness?[CE1]Social norms, cooperation models, game theory, behavioral economics, and neuroeconomics all have something to say about human behavior,and they also have important moral ramifications. While some claim that behavioral responses in these cases are merely self-interest disguised, outward behavior seems to work best in the long run if it is heartfelt. Character traits that signal trust are strongest when backed by moral commitments, and there is evidence that human brains are hardwired with some empathetic tendencies. The work of Dan Kahneman and AmartyaSen is highlighted in the closing vignettes.
Ivana Markova (ed.)
- Published in print:
- 2004
- Published Online:
- January 2012
- ISBN:
- 9780197263136
- eISBN:
- 9780191734922
- Item type:
- book
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263136.001.0001
- Subject:
- Psychology, Social Psychology
The ten chapters in this book are concerned with theoretical and empirical analyses of trust and distrust in post-Communist Europe after the collapse of the Soviet bloc in 1989. The contributors come ...
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The ten chapters in this book are concerned with theoretical and empirical analyses of trust and distrust in post-Communist Europe after the collapse of the Soviet bloc in 1989. The contributors come from different disciplines, ranging from history, economics, and political science to social psychology and sociology, and they show, above all, that the Soviet ‘bloc’ was in fact a rich spectrum of different countries with diverse histories, cultures, and traditions, and–not surprisingly–with different expectations for the future. Like other social concepts, trust never makes sense in isolation but only within the network of other concepts–in this case, social capital, faith, belief, solidarity, reciprocity, and security. ‘Trust’ is a highly polysemic term. Differences between meanings of trust in countries with democratic traditions and in post-totalitarian countries raise questions about the ways in which history, culture, and social psychology shape the nature and development of political phenomena. These questions include: antinomies such as trust versus risk, and trust versus fear; the co-existence of rural and urban systems; legitimacy of different political regimes; and the arbitrariness of decisions and the abuse of common sense in totalitarianism. The transition period in many post-Communist countries has now been completed and in others it is likely to be completed in the near future. Yet the chapters show that while political and economic changes can have rapid effects, cultural and psychological changes may linger and influence the quality of political trust and representations of democracy.Less
The ten chapters in this book are concerned with theoretical and empirical analyses of trust and distrust in post-Communist Europe after the collapse of the Soviet bloc in 1989. The contributors come from different disciplines, ranging from history, economics, and political science to social psychology and sociology, and they show, above all, that the Soviet ‘bloc’ was in fact a rich spectrum of different countries with diverse histories, cultures, and traditions, and–not surprisingly–with different expectations for the future. Like other social concepts, trust never makes sense in isolation but only within the network of other concepts–in this case, social capital, faith, belief, solidarity, reciprocity, and security. ‘Trust’ is a highly polysemic term. Differences between meanings of trust in countries with democratic traditions and in post-totalitarian countries raise questions about the ways in which history, culture, and social psychology shape the nature and development of political phenomena. These questions include: antinomies such as trust versus risk, and trust versus fear; the co-existence of rural and urban systems; legitimacy of different political regimes; and the arbitrariness of decisions and the abuse of common sense in totalitarianism. The transition period in many post-Communist countries has now been completed and in others it is likely to be completed in the near future. Yet the chapters show that while political and economic changes can have rapid effects, cultural and psychological changes may linger and influence the quality of political trust and representations of democracy.
Gregory S. Alexander and Eduardo M. Peñalver (eds)
- Published in print:
- 2009
- Published Online:
- May 2010
- ISBN:
- 9780195391572
- eISBN:
- 9780199775804
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195391572.001.0001
- Subject:
- Law, Environmental and Energy Law
The relationship between individuals and communities — all manner of communities, but especially the state — is a central preoccupation of property theory. Across a broad range of property thought — ...
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The relationship between individuals and communities — all manner of communities, but especially the state — is a central preoccupation of property theory. Across a broad range of property thought — from utilitarian to Lockean to Hegelian — scholars have expended enormous effort explaining what owners can do with their property and the extent to which the community or the state can participate in those decisions. Discussions of property rights, from whatever perspective, necessarily reflect ideas about the proper domain and limits of individual and community power. Property stands so squarely at the intersection between the individual and community because systems of property are always the creation of some community. Moreover, systems of property have as their subject matter the allocation among community members of rights and duties with respect to resources that human beings need in order to survive and flourish. These allocative decisions are crucially important both to individuals, owners and non-owners alike, and to the community as a whole. In other words, whenever we discuss property, we are unavoidably discussing the architecture of community and of the individual's place within it. Even though the relationship between individuals and community stands at the conceptual center of property theory, the normative theories of community underlying discussions of property are frequently left implicit. This book aims to remedy this deficiency. With essays by property theorists from five different countries, it addresses various facets of the intersection between property and community.Less
The relationship between individuals and communities — all manner of communities, but especially the state — is a central preoccupation of property theory. Across a broad range of property thought — from utilitarian to Lockean to Hegelian — scholars have expended enormous effort explaining what owners can do with their property and the extent to which the community or the state can participate in those decisions. Discussions of property rights, from whatever perspective, necessarily reflect ideas about the proper domain and limits of individual and community power. Property stands so squarely at the intersection between the individual and community because systems of property are always the creation of some community. Moreover, systems of property have as their subject matter the allocation among community members of rights and duties with respect to resources that human beings need in order to survive and flourish. These allocative decisions are crucially important both to individuals, owners and non-owners alike, and to the community as a whole. In other words, whenever we discuss property, we are unavoidably discussing the architecture of community and of the individual's place within it. Even though the relationship between individuals and community stands at the conceptual center of property theory, the normative theories of community underlying discussions of property are frequently left implicit. This book aims to remedy this deficiency. With essays by property theorists from five different countries, it addresses various facets of the intersection between property and community.
Michio Morishima
- Published in print:
- 1969
- Published Online:
- November 2003
- ISBN:
- 9780198281641
- eISBN:
- 9780191596667
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198281641.001.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Discusses economic growth within the framework of the theory of equilibrium. Attempts on the one hand to resolve much of the controversy on growth that results from differences in assumptions made by ...
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Discusses economic growth within the framework of the theory of equilibrium. Attempts on the one hand to resolve much of the controversy on growth that results from differences in assumptions made by various authors and, on the other hand, to make a contribution to the theory of dynamic economics. Practical problems are not discussed, and the economy dealt with is isolated from foreign countries and is provided with a knowledge of industrial arts that does not change throughout the time horizon concerned. Factors such as public spending, foreign trade, technical improvement, and monetary policies are, therefore, ignored, even though they are usually important in determining the actual rate of economic growth. In the first half of the book, decisions regarding investment are made by private enterprises either in the neoclassical or Keynesian manner, while in the second half the planning authorities are responsible for directing firms so that they invest society's savings in such a way that the economy will progress along a path of efficient or optimal growth. The book is divided into four parts that discuss prototype models of economic growth, models resulting from the von Neumann model, models after the ‘von Neumann revolution’, and further model developments. An appendix is included on the von Neumann equilibrium, which aims at a clearer comprehension of Chs. 6 and 7.Less
Discusses economic growth within the framework of the theory of equilibrium. Attempts on the one hand to resolve much of the controversy on growth that results from differences in assumptions made by various authors and, on the other hand, to make a contribution to the theory of dynamic economics. Practical problems are not discussed, and the economy dealt with is isolated from foreign countries and is provided with a knowledge of industrial arts that does not change throughout the time horizon concerned. Factors such as public spending, foreign trade, technical improvement, and monetary policies are, therefore, ignored, even though they are usually important in determining the actual rate of economic growth. In the first half of the book, decisions regarding investment are made by private enterprises either in the neoclassical or Keynesian manner, while in the second half the planning authorities are responsible for directing firms so that they invest society's savings in such a way that the economy will progress along a path of efficient or optimal growth. The book is divided into four parts that discuss prototype models of economic growth, models resulting from the von Neumann model, models after the ‘von Neumann revolution’, and further model developments. An appendix is included on the von Neumann equilibrium, which aims at a clearer comprehension of Chs. 6 and 7.
Christopher Hood and David Heald (eds)
- Published in print:
- 2006
- Published Online:
- January 2012
- ISBN:
- 9780197263839
- eISBN:
- 9780191734915
- Item type:
- book
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263839.001.0001
- Subject:
- Political Science, Political Theory
‘Transparency’ is widely canvassed as a key to better governance, increasing trust in public-office holders. But it is more often preached than practised, more often referred to than defined, and ...
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‘Transparency’ is widely canvassed as a key to better governance, increasing trust in public-office holders. But it is more often preached than practised, more often referred to than defined, and more often advocated than critically analysed. This book exposes this doctrine to critical scrutiny from a range of disciplinary perspectives, including political science, philosophy, and economics. It traces the history of transparency as a doctrine of good governance and social organization, and identifies its different forms; assesses the benefits and drawbacks of measures to enhance various forms of transparency; and examines how institutions respond to measures intended to increase transparency, and with what consequences. Transparency is shown not to be a new doctrine. It can come into conflict with other doctrines of good governance, and there are some important exceptions to Jeremy Bentham's famous dictum that ‘the more closely we are watched, the better we behave’. Instead of heralding a new culture of openness in government, measures to improve transparency tend to lead to tighter and more centralized management of information.Less
‘Transparency’ is widely canvassed as a key to better governance, increasing trust in public-office holders. But it is more often preached than practised, more often referred to than defined, and more often advocated than critically analysed. This book exposes this doctrine to critical scrutiny from a range of disciplinary perspectives, including political science, philosophy, and economics. It traces the history of transparency as a doctrine of good governance and social organization, and identifies its different forms; assesses the benefits and drawbacks of measures to enhance various forms of transparency; and examines how institutions respond to measures intended to increase transparency, and with what consequences. Transparency is shown not to be a new doctrine. It can come into conflict with other doctrines of good governance, and there are some important exceptions to Jeremy Bentham's famous dictum that ‘the more closely we are watched, the better we behave’. Instead of heralding a new culture of openness in government, measures to improve transparency tend to lead to tighter and more centralized management of information.
Daniel Engster
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199214358
- eISBN:
- 9780191706684
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199214358.001.0001
- Subject:
- Political Science, Political Theory
This book proposes a new framework of political justice based upon the practice of caring. Integrating the insights of earlier care theorists with the concerns of traditional justice theorists, the ...
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This book proposes a new framework of political justice based upon the practice of caring. Integrating the insights of earlier care theorists with the concerns of traditional justice theorists, the author forges a new synthesis between care and justice, and further argues that the institutional and policy commitments of care theory must be recognized as central to any adequate theory of justice. The book begins by offering a practice‐based account of caring and a theory of obligation that explains why individuals should care for others. It then systematically demonstrates the implications of this account of caring for domestic politics, economics, international relations, and culture. In each of these areas, it reviews the contributions of earlier care theorists and then extends their arguments to provide a more complete description of the institutions and policies of a caring society. Care ethics is further put in dialogue with diverse cultural and religious traditions and used to address the challenges of multicultural justice, cultural relativism, and international human rights. More fully than other works on care theory, this book provides an overarching account of the institutions and policies of a caring society.Less
This book proposes a new framework of political justice based upon the practice of caring. Integrating the insights of earlier care theorists with the concerns of traditional justice theorists, the author forges a new synthesis between care and justice, and further argues that the institutional and policy commitments of care theory must be recognized as central to any adequate theory of justice. The book begins by offering a practice‐based account of caring and a theory of obligation that explains why individuals should care for others. It then systematically demonstrates the implications of this account of caring for domestic politics, economics, international relations, and culture. In each of these areas, it reviews the contributions of earlier care theorists and then extends their arguments to provide a more complete description of the institutions and policies of a caring society. Care ethics is further put in dialogue with diverse cultural and religious traditions and used to address the challenges of multicultural justice, cultural relativism, and international human rights. More fully than other works on care theory, this book provides an overarching account of the institutions and policies of a caring society.
John Hicks
- Published in print:
- 1989
- Published Online:
- November 2003
- ISBN:
- 9780198287247
- eISBN:
- 9780191596407
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198287240.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
John Hicks's writing on monetary economics spans over fifty years. This book draws together the common threads of his work in a single succinct statement of the basics of monetary theory. It also ...
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John Hicks's writing on monetary economics spans over fifty years. This book draws together the common threads of his work in a single succinct statement of the basics of monetary theory. It also outlines a theory of competitive markets that can be linked to the monetary sector; neither standard classical or neo-classical value theory can, on its own, fill the gap between monetary and non-monetary economics. In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these changes, sometimes quite major, as the discovery of truths which have become more appropriate, rather than the discovery of completely new truths.Less
John Hicks's writing on monetary economics spans over fifty years. This book draws together the common threads of his work in a single succinct statement of the basics of monetary theory. It also outlines a theory of competitive markets that can be linked to the monetary sector; neither standard classical or neo-classical value theory can, on its own, fill the gap between monetary and non-monetary economics. In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these changes, sometimes quite major, as the discovery of truths which have become more appropriate, rather than the discovery of completely new truths.
Colin Crouch (ed.)
- Published in print:
- 2005
- Published Online:
- January 2012
- ISBN:
- 9780197263426
- eISBN:
- 9780191734298
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263426.003.0010
- Subject:
- Sociology, Social Research and Statistics
The history of sociology can be likened to the history of the Habsburg Empire, which claimed to have legitimate sovereignty over the whole of Europe but eventually became a discontented jumble of ...
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The history of sociology can be likened to the history of the Habsburg Empire, which claimed to have legitimate sovereignty over the whole of Europe but eventually became a discontented jumble of margins. In the same way, Talcott Parsons tried to claim that sociology was the empress of the social sciences; economics, political science, and the others being allocated their places within its realm. But sociology could not match the tougher, tighter theoretical structures of political science, economics, psychology, and even possibly anthropology. It became an internally divided subject, cultivating the margins. There is a field called neo-institutionalism in which an increasing amount of good research is being done and which is challenging some of the orthodoxies of the neo-classical economics and neo-liberal political science which have come to dominate the intellectual world since the decline of Keynesianism in the 1970s.Less
The history of sociology can be likened to the history of the Habsburg Empire, which claimed to have legitimate sovereignty over the whole of Europe but eventually became a discontented jumble of margins. In the same way, Talcott Parsons tried to claim that sociology was the empress of the social sciences; economics, political science, and the others being allocated their places within its realm. But sociology could not match the tougher, tighter theoretical structures of political science, economics, psychology, and even possibly anthropology. It became an internally divided subject, cultivating the margins. There is a field called neo-institutionalism in which an increasing amount of good research is being done and which is challenging some of the orthodoxies of the neo-classical economics and neo-liberal political science which have come to dominate the intellectual world since the decline of Keynesianism in the 1970s.
Daniel Engster
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199214358
- eISBN:
- 9780191706684
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199214358.003.0004
- Subject:
- Political Science, Political Theory
Political and economic theorists have generally ignored caring practices in outlining accounts of economic justice. Building upon the work of recent feminist theorists, this chapter develops a theory ...
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Political and economic theorists have generally ignored caring practices in outlining accounts of economic justice. Building upon the work of recent feminist theorists, this chapter develops a theory of economic justice organized around caring practices. The first section outlines the basic concepts and normative orientation of a caring economic theory. The second section discusses Virginia Held's and Nancy Folbre's important accounts of care and economic justice. While Held and Folbre identify some of the central tenets of a caring economic theory, they focus primarily on supporting and regulating direct care services within the economy. The book's own approach is broader and more far‐reaching, asking how we can best organize our general economic institutions and policies to provide all individuals with a real opportunity to give and receive adequate care. The third section takes up this subject by exploring the economic system (communism, market socialism, market capitalism, etc.) most conducive to caring values. In the fourth section, it formulates six general principles for establishing and maintaining a caring economic order, and describes in some detail the economic policies following from them. The final section briefly explores the viability of a caring economic order in the context of globalization.Less
Political and economic theorists have generally ignored caring practices in outlining accounts of economic justice. Building upon the work of recent feminist theorists, this chapter develops a theory of economic justice organized around caring practices. The first section outlines the basic concepts and normative orientation of a caring economic theory. The second section discusses Virginia Held's and Nancy Folbre's important accounts of care and economic justice. While Held and Folbre identify some of the central tenets of a caring economic theory, they focus primarily on supporting and regulating direct care services within the economy. The book's own approach is broader and more far‐reaching, asking how we can best organize our general economic institutions and policies to provide all individuals with a real opportunity to give and receive adequate care. The third section takes up this subject by exploring the economic system (communism, market socialism, market capitalism, etc.) most conducive to caring values. In the fourth section, it formulates six general principles for establishing and maintaining a caring economic order, and describes in some detail the economic policies following from them. The final section briefly explores the viability of a caring economic order in the context of globalization.
Robert V. Dodge
- Published in print:
- 2012
- Published Online:
- May 2012
- ISBN:
- 9780199857203
- eISBN:
- 9780199932597
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199857203.001.0001
- Subject:
- Economics and Finance, Behavioural Economics
Thomas Schelling won the Nobel Prize “for having enhanced our understanding of conflict and cooperation through game-theory analysis.” This came after he had taught a game theory and rational choice ...
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Thomas Schelling won the Nobel Prize “for having enhanced our understanding of conflict and cooperation through game-theory analysis.” This came after he had taught a game theory and rational choice course for forty-five years at an advanced level. This book presents the concepts Schelling taught as they are useful tools for understanding decisions and consequences. Mathematics often makes game theory challenging but it is presented as something very simple in this book. Along with a summary of the material Schelling presented this book looks at problems from his course and similar less challenging questions. While considerable analysis is carried out with the basic game theory tool—the two-by-two matrix—much of the book is descriptive and rational decision-making is presented through stories and explanation. Chapter supplements are added to illuminate points presented by Schelling and two chapters are case studies for detailed analysis of strategic thinking. The story of professional basketball coach Phil Jackson concerns the conflict between self-interest and group interest of star players in a multi-person form of the prisoner's dilemma. The second study illustrates the most dangerous decision-making moment in history, the Cuban missile crisis. This book is based on Thomas Schelling's course, which has provided guidance and insight to a great number of people around the world in academic and leadership positions.Less
Thomas Schelling won the Nobel Prize “for having enhanced our understanding of conflict and cooperation through game-theory analysis.” This came after he had taught a game theory and rational choice course for forty-five years at an advanced level. This book presents the concepts Schelling taught as they are useful tools for understanding decisions and consequences. Mathematics often makes game theory challenging but it is presented as something very simple in this book. Along with a summary of the material Schelling presented this book looks at problems from his course and similar less challenging questions. While considerable analysis is carried out with the basic game theory tool—the two-by-two matrix—much of the book is descriptive and rational decision-making is presented through stories and explanation. Chapter supplements are added to illuminate points presented by Schelling and two chapters are case studies for detailed analysis of strategic thinking. The story of professional basketball coach Phil Jackson concerns the conflict between self-interest and group interest of star players in a multi-person form of the prisoner's dilemma. The second study illustrates the most dangerous decision-making moment in history, the Cuban missile crisis. This book is based on Thomas Schelling's course, which has provided guidance and insight to a great number of people around the world in academic and leadership positions.
James Bergin
- Published in print:
- 2005
- Published Online:
- July 2005
- ISBN:
- 9780199280292
- eISBN:
- 9780191602498
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280290.001.0001
- Subject:
- Economics and Finance, Microeconomics
Covers a standard range of topics in microeconomics theory. These include decision theory, strategic and extensive form games, the economics of information, bargaining, principal agent problems, ...
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Covers a standard range of topics in microeconomics theory. These include decision theory, strategic and extensive form games, the economics of information, bargaining, principal agent problems, cooperative games, and evolutionary game theory. Coverage is at the level of a graduate course in microeconomic theory.Less
Covers a standard range of topics in microeconomics theory. These include decision theory, strategic and extensive form games, the economics of information, bargaining, principal agent problems, cooperative games, and evolutionary game theory. Coverage is at the level of a graduate course in microeconomic theory.
Donald Markwell
- Published in print:
- 2006
- Published Online:
- January 2007
- ISBN:
- 9780198292364
- eISBN:
- 9780191715525
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198292364.001.0001
- Subject:
- Political Science, International Relations and Politics
Sixty years after his death, the life and thought of the economist, John Maynard Keynes, continues to be a subject of the greatest interest to scholars. Yet one of the most significant areas of ...
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Sixty years after his death, the life and thought of the economist, John Maynard Keynes, continues to be a subject of the greatest interest to scholars. Yet one of the most significant areas of Keynes's thinking has been strangely overlooked — international relations, a subject that was always of central importance to him. This book explores comprehensively, for the first time, the evolution of Keynes's thinking on international relations. It shows how this is linked to the changing of his opinions on economic matters, in a way which deepens the understanding of both. Drawing upon a wide range of significant source material in American and British archives, the book shows entirely new aspects of Keynes.Less
Sixty years after his death, the life and thought of the economist, John Maynard Keynes, continues to be a subject of the greatest interest to scholars. Yet one of the most significant areas of Keynes's thinking has been strangely overlooked — international relations, a subject that was always of central importance to him. This book explores comprehensively, for the first time, the evolution of Keynes's thinking on international relations. It shows how this is linked to the changing of his opinions on economic matters, in a way which deepens the understanding of both. Drawing upon a wide range of significant source material in American and British archives, the book shows entirely new aspects of Keynes.
P. J. Marshall (ed.)
- Published in print:
- 2007
- Published Online:
- January 2012
- ISBN:
- 9780197263938
- eISBN:
- 9780191734236
- Item type:
- book
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263938.001.0001
- Subject:
- History, Historiography
This series features studies of the lives and works of some of Britain's foremost scholars. This volume of the Proceedings of the British Academy contains nineteen obituaries of recently deceased ...
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This series features studies of the lives and works of some of Britain's foremost scholars. This volume of the Proceedings of the British Academy contains nineteen obituaries of recently deceased Fellows of the Academy. The scholars are: W S Allen, George Anderson, A C de la Mare, John Flemming, Patrick Gardiner, James Harris, John Hurst, Casimir Lewy, Donald MacDougall, Colin Matthew, Edward Miller, Michio Morishima, Brian Reddaway, Marjorie Reeves, C Martin Robertson, Conrad Russell, Arnold Taylor, Kathleen Tillotson, and Glanmor Williams.Less
This series features studies of the lives and works of some of Britain's foremost scholars. This volume of the Proceedings of the British Academy contains nineteen obituaries of recently deceased Fellows of the Academy. The scholars are: W S Allen, George Anderson, A C de la Mare, John Flemming, Patrick Gardiner, James Harris, John Hurst, Casimir Lewy, Donald MacDougall, Colin Matthew, Edward Miller, Michio Morishima, Brian Reddaway, Marjorie Reeves, C Martin Robertson, Conrad Russell, Arnold Taylor, Kathleen Tillotson, and Glanmor Williams.
Ramon Marimon and Andrew Scott (eds)
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780199248278
- eISBN:
- 9780191596605
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199248273.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of ...
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Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of particular models requires solving the model using a computer. This volume brings together leading contributors in the field who explain in detail how to implement the computational techniques needed to solve dynamic economics models. It is based on lectures presented at the 7th Summer School of the European Economic Association on computational methods for the study of dynamic economies, held in 1996. A broad spread of techniques is covered, and their application to a wide range of subjects discussed. The book provides the basics of a tool kit that researchers and graduate students can use to solve and analyse their own theoretical models. It is oriented towards economists who already have the equivalent of a first year of graduate studies or to any advanced undergraduates or researchers with a solid mathematical background. No competence with writing computer codes is assumed. After an introduction by the editors, it is arranged in three parts: I Almost linear methods; II Nonlinear methods; and III Solving some dynamic economies.Less
Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of particular models requires solving the model using a computer. This volume brings together leading contributors in the field who explain in detail how to implement the computational techniques needed to solve dynamic economics models. It is based on lectures presented at the 7th Summer School of the European Economic Association on computational methods for the study of dynamic economies, held in 1996. A broad spread of techniques is covered, and their application to a wide range of subjects discussed. The book provides the basics of a tool kit that researchers and graduate students can use to solve and analyse their own theoretical models. It is oriented towards economists who already have the equivalent of a first year of graduate studies or to any advanced undergraduates or researchers with a solid mathematical background. No competence with writing computer codes is assumed. After an introduction by the editors, it is arranged in three parts: I Almost linear methods; II Nonlinear methods; and III Solving some dynamic economies.
J. R. Hicks
- Published in print:
- 1987
- Published Online:
- November 2003
- ISBN:
- 9780198772873
- eISBN:
- 9780191596438
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198772874.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
Capital and Growth by John Hicks was published in 1965 and rapidly established itself as a landmark in economic theory. This book takes earlier work and examines it critically for its ...
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Capital and Growth by John Hicks was published in 1965 and rapidly established itself as a landmark in economic theory. This book takes earlier work and examines it critically for its present-day value. The theme, now more clearly identified, is a comparative study of the economics of change, and brings in many of Hicks's subsequent developments and refinements — in particular a ‘neo-Austrian’ theory of capital which he developed in Capital and Time (1973). A new chapter on Keynes's methods has been added. This book presents a complete classification of the family of models appropriate for analysing dynamic economics.Less
Capital and Growth by John Hicks was published in 1965 and rapidly established itself as a landmark in economic theory. This book takes earlier work and examines it critically for its present-day value. The theme, now more clearly identified, is a comparative study of the economics of change, and brings in many of Hicks's subsequent developments and refinements — in particular a ‘neo-Austrian’ theory of capital which he developed in Capital and Time (1973). A new chapter on Keynes's methods has been added. This book presents a complete classification of the family of models appropriate for analysing dynamic economics.
Flavio M. Menezes and Paulo K. Monteiro
- Published in print:
- 2004
- Published Online:
- April 2005
- ISBN:
- 9780199275984
- eISBN:
- 9780191602214
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/019927598X.003.0001
- Subject:
- Economics and Finance, Microeconomics
This introductory chapter provides three examples to illustrate the importance of auction theory to modern economics. These are the problem faced by a regulator wanting to regulate a monopolist with ...
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This introductory chapter provides three examples to illustrate the importance of auction theory to modern economics. These are the problem faced by a regulator wanting to regulate a monopolist with unknown costs, the design of a mechanism that will establish competition for the market when there is none, and the design of a spot market for electricity. It discusses the current treatment of auctions in existing graduate microeconomics textbooks, and compares this book and that of Klemperer (2004). It describes the book’s intended audience and its contents.Less
This introductory chapter provides three examples to illustrate the importance of auction theory to modern economics. These are the problem faced by a regulator wanting to regulate a monopolist with unknown costs, the design of a mechanism that will establish competition for the market when there is none, and the design of a spot market for electricity. It discusses the current treatment of auctions in existing graduate microeconomics textbooks, and compares this book and that of Klemperer (2004). It describes the book’s intended audience and its contents.
Jan Abel Olsen
- Published in print:
- 2009
- Published Online:
- May 2010
- ISBN:
- 9780199237814
- eISBN:
- 9780191717215
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199237814.001.0001
- Subject:
- Public Health and Epidemiology, Public Health, Epidemiology
Principles in Health Economics and Policy is a concise introduction to health economics and its application to health policy. It introduces the subject of economics, explains the ...
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Principles in Health Economics and Policy is a concise introduction to health economics and its application to health policy. It introduces the subject of economics, explains the fundamental failures in the market for health care, and discusses the concepts of equity and fairness when applied to health and health care. The book takes a policy-oriented approach, emphasizing the application of economic analysis to universal health policy issues. It explores the key questions facing health policy-makers across the globe right now, such as: how should society intervene in the determinants that affect health? How should health care be financed? How should health care providers be paid? And, how should alternative health care programmes be evaluated when setting priorities? Exercises and suggested readings are included after each chapter.Less
Principles in Health Economics and Policy is a concise introduction to health economics and its application to health policy. It introduces the subject of economics, explains the fundamental failures in the market for health care, and discusses the concepts of equity and fairness when applied to health and health care. The book takes a policy-oriented approach, emphasizing the application of economic analysis to universal health policy issues. It explores the key questions facing health policy-makers across the globe right now, such as: how should society intervene in the determinants that affect health? How should health care be financed? How should health care providers be paid? And, how should alternative health care programmes be evaluated when setting priorities? Exercises and suggested readings are included after each chapter.
