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In The Theory of the Leisure Class, his first and best-known work, Thorstein Veblen challenges some of society's most cherished standards of behavior and, with devastating wit and satire, exposes the hollowness of many of our canons of taste, education, dress, and culture.Veblen uses the leisure class as his example because it is this class that sets the standards followed by every level of society. The sign of membership in the leisure class is exemption from industrial toil and the mark of suc...

Ragnar Frisch was one of the most important economists of the twentieth century, responsible for defining econometrics and brought the terms 'macro-' and 'micro-economics' into the vocabulary of economists. This edition presents a history of the founding of the Econometric Society based on Frisch's extensive correspondence and personal records.

The Development of Economic Analysis traces the development of economic theory from Plato through to contemporary thought. All the major movements are covered and presented here in six chronological parts. The text includes a number of practical features: * a 'family tree' at the beginning of each section, illustrating how the key streams and people connect and develop, accompanied by a list of key publications for that period * integrated selections of readings from the major works enable re...

This book presents the works and research findings of physicists, economists, mathematicians, statisticians, and financial engineers who have undertaken data-driven modelling of market dynamics and other empirical studies in the field of Econophysics. During recent decades, the financial market landscape has changed dramatically with the deregulation of markets and the growing complexity of products. The ever-increasing speed and decreasing costs of computational power and networks have led to t...

Economics underlies everything we do. It lurks behind such questions as why recessions take place, why interest rates change, why there was a fuel crisis, and when is the best time to buy a house or take out a loan. But economics is a great deal more than money and jobs. It crosses every aspect of our society - drawing on other disciplines such as politics, psychology, sociology and ethics. Living Economy picks apart some of the most important issues of our day, such as whether Britain should jo...

This book compares the Chinese and Russian dreams, focusing on eight aspects: prosperity, affluence, family harmony, fairness and justice, diversity, green beauty, honesty and uprightness, and happiness.  Based on large-scale survey data combined with the corresponding sociological theory for analysis, it presents detailed information, compelling arguments, and well-founded conclusions, offering insights into the commonalities and differences between these two countries' dreams. 

This study analyses the influence that Adam Smith's philosophy had on his Wealth of Nations , and reveals the unity in Smith's extensive system of morals, politics, and economics. It concludes that Smith was motivated by a political ideal, which was moral liberalism. This book is intended for economists, political theorists, and lawyers concerned with jurisprudence. Also the general reader interested in Adam Smith.

This work exploits the natural experiment provided by the unexpected disintegration of socialist East Germany to study the impact of the mass immigration of East Germans on housing rents in West German metropolitan areas. Using a spatial correlation approach, annual district-level migration data for 1991 and 1992 and unique rental price indicators from Germany's major regional property market information system, Kathleen Kurschner finds strong evidence for a positive and sizeable effect of immig...

Capital, one of Marx's major and most influential works, was the product of thirty years close study of the capitalist mode of production in England, the most advanced industrial society of his day. This new translation of Volume One, the only volume to be completed and edited by Marx himself, avoids some of the mistakes that have marred earlier versions and seeks to do justice to the literary qualities of the work. The introduction is by Ernest Mandel, author of Late Capitalism, one of the only...

A brilliant book which studies the psychological conditions which made possible the development of capitalist civilization. The book analyzes the connection between the spread of Calvinism and a new attitude toward the pursuit of wealth in post-Reformation Europe and England, and attitude which permitted, encouraged-even sanctified-the human quest for prosperity.

Learning and adaption are key features of "real economies". Studying interesting real phenomena like innovation, industry evolution or the role of expectation formulation in financial markets thus necessitates novel methods of data analysis and modelling. This title covers statistical models of heterogeneity, artificial consumer markets, models of adaptive expectation formulation in financial markets and agent-based models of industry evolution, product diversification and energy markets. The jo...

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. This book addresses issues of defining and measuring the quality of life. Recent developments in the philosophical definition of well-being are discussed and linked to practical issues such as the delivery of health care, and the assessment of women's quality of life. Leading phi...

Theoretical writing on the company and company law has been dominated in recent years by economics. This collection of essays by a distinguished team of authors drawn from a variety of disciplines seeks to build on the insights of this economic analysis and broaden understanding by examining the company in a wider historical,legal, political, and sociological context. Issues discussed include the attitudes of political parties in the UK to the company, the rise of the non-executive director, in...

The former President of the United States, Bill Clinton and, at the time of publication, still current Prime Minister of the United Kingdom, Tony Blair have described their style of government as a 'Third Way'. In this important and timely book, Flavio Romano identifies and clarifies the economic implications of this particular approach to public governance. Testing the validity of President Clinton's and Prime Minister Blair's claims of practising a Third Way Romano submits their economic polic...

This book explores institutional change and economic behaviour through examining the transition process in the eight former socialist countries that became members of the EU in 2004, looking at the phenomenal growth that has been taking place in China in the last three decades, offering a historical perspective on the causes of economic underdevelopment in the Middle East, and discussing just how much of the neo-classical paradigm is refuted by the evidence produced by experimental economics in...

Institutionen bestimmen die Anpassungsfahigkeit und die Innovationsfahigkeit politischer und wirtschaftlicher Systeme und entscheiden damit mittel- und langfristig uber deren Erfolg. Am Beispiel der Regionalpolitik in Mecklenburg-Vorpommern untersucht die Arbeit die institutionellen Strukturen in Europa und Deutschland. Regionalpolitik wird durch konstruktivistische Politikkonzeptionen gepragt und im Rahmen eines verflochtenen politischen Systems geplant und implementiert. Dies fuhrt zur Zentral...