Profitability, Mechanization and Economies of Scale (Routledge Revivals)
by Dudley Jackson
First published in 1998, this book introduces a new concept of profitability, called the 'efficiency rate of profit', which is defined as the ratio between the unit net margin and the unit capital requirement and shows how the efficiency rate of profit may be used in the assessment of mechanization and economies of scale. The book also shows how the efficiency rate of profit relates to the financial opportunity cost of investment, thus resolving the long-standing controversy over 'interest as a...
The Political Economy of Indo-European Polytheism (Contributions to Economics)
by Mario Ferrero
This book sheds new light on the evolution and transformation of polytheistic religions. By applying economic models to the study of religious history and by viewing religious events as the result of rational choices under given environmental constraints, it offers a political economy perspective for the study of Indo-European polytheism. The book formally models the rivalry or competition among multiple gods in a polytheistic system and the monotheistic solution to this competition. Presenting...
'A superb book' Financial Times, Books of the YearAdam Smith is now widely regarded as 'the father of modern economics' and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of 'market fundamentalism' and an apologist for inequality and human selfishness? Or something else entirely? Jesse Norman's brilliantly...
Mathematical Optimization and Economic Analysis (Springer Optimization and Its Applications, #36)
by Mikulas Luptacik
"Mathematical Optimization and Economic Analysis" is a self-contained introduction to various optimization techniques used in economic modeling and analysis such as geometric, linear, and convex programming and data envelopment analysis. Through a systematic approach, this book demonstrates the usefulness of these mathematical tools in quantitative and qualitative economic analysis. The book presents specific examples to demonstrate each technique's advantages and applicability as well as numero...
Social Dilemmas and Cooperation
A social dilemma is a game which at first glance has only inefficient solutions. If efficient solutions are to be achieved, some kind of cooperation among the players is required. This book asks two basic questions, closely intertwined with each other: 1. How is cooperation possible among rational players in such a social dilemma? Which changes in the social context of a social dilemma situation are necessary in order for players to rationally choose the cooperative option? 2. How do real player...
This book presents the essential concepts of operations research and engineering management in a structured manner. Starting with the basic functions of management – planning, organizing, leading and controlling – it introduces the reader to the process of strategic decision-making, covering the essentials of technological invention management, innovation and entrepreneurship, with ample examples of decision-making under certainty, uncertainty and risk conditions. It also exposes the reader to t...
Theory of the Leisure Class (Modern Library) (Cosimo Classics Economics)
by Thorstein Veblen
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...
Econophysics and Data Driven Modelling of Market Dynamics (New Economic Windows)
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...
Life Expectations of the People (Research Series on the Chinese Dream and China's Development Path)
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.
Zinstheorie (Hand- Und Lehrbucher Aus Dem Gebiet der Sozialwissenschaften)
by Friedrich A. Lutz
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...
Modernizacion y Estancamiento (Obras de Economia Latinoamericana)
by Michael J Twomey and Ann Helwege
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...
The Protestant Ethic and the Spirit of Capitalism (Routledge Classics) (Counterpoint S.)
by Max Weber
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.