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Game and Economic Theory
Selected Contributions in Honor of Robert J. Aumann
Sergiu Hart and Abraham Neyman, Editors
University of Michigan Press, 1995
Game and Economic Theory studies the interactions of decision makers whose decisions affect each other. The analysis is from a rational viewpoint: every participant would like to obtain the outcome that he prefers most. However, each one has to take into account that the others are doing the same--trying to get what they prefer most. At times this leads to fierce competition; at other times, to mutually beneficial cooperation; and in general, to an appropriate combination of these two extreme behaviors. Game theory, which may be viewed as a sort of "unified field" theory for the rational side of social science, develops the theoretical foundations for the analysis of such multi-person interactive situations, and then applies these to many disciplines: economics, political science, biology, psychology. computer science, statistics and law. Foremost among these is economic theory, where game theory is playing a central role.
This volume consists of twenty-two selected contributions to various areas of game and economic theory. These important and pathbreaking contributions are all by former students of Robert J. Aumann, to whom this volume is dedicated. The volume will no doubt shed light on the far-reaching pertinence of game theory and its application to economics, and also on the monumental impact of Aumann on this discipline.
Sergiu Hart is Alice Kusiel de Vorreuter Professor of Mathematical Economics and Director of the Center for Rationality and Interactive Decision Theory, The Hebrew University of Jerusalem. Abraham Neyman is Professor of Mathematics, The Hebrew University of Jerusalem, and Leading Professor of Economics and Mathematics, State University of New York at Stony Brook.
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Gendered Transformations
Theory and Practices on Gender and Media
Edited by Tonny Krijnen, Claudia Alvares, and Sofie Van Bauwel
Intellect Books, 2011

Comprising the most current scholarship from leading experts in the fields of gender and media studies, Gendered Transformations offers readers a new foundation from which to reexamine traditional perspectives on gender. Organized into sections concerning representational politics, embodied performance, and social constructions of reality, these essays explore a wide variety of concerns from a similarly wide variety of perspectives, from essentialist to anti-essentialist. A thought-provoking contribution to a number of disparate fields, Gendered Transformations offers a rare interdisciplinary approach to gender that reflects the most recent developments in media theory and methodology.

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General Equilibrium and Game Theory
Ten Papers
Andreu Mas-Colell
Harvard University Press, 2016

Andreu Mas-Colell revolutionized our understanding of competitive markets, price formation, and the behavior of market participants. General Equilibrium and Game Theory offers readers a compendium of his most important scholarly contributions, gathering in a single volume the groundbreaking papers that have solidified his standing as one of the preeminent economic theorists of our time.

Built upon the foundations of neoclassical economics, Mas-Colell’s work is distinguished by a mathematical and analytical elegance that brings theory closer to real-world situations. He overturns the standard assumption of general equilibrium theory—that markets are perfectly competitive and their participants are perfectly rational—and concludes that neither the law of supply and demand nor the existence of equilibrium prices depends on the rationality of agents. Similarly, Mas-Colell (working with Sergiu Hart) challenges classical game theory’s reliance on rational behavior, demonstrating that adaptation and learning shape the dynamics of repeated games.

Addressing central questions of finance, trade, industrial organization, and welfare economics, Mas-Colell shows the surprising power and versatility of differentiability and linear-space mathematical techniques, and he emphasizes the fruitfulness of cooperative game-theory approaches, such as Shapley value theory and the Bargaining Set, for understanding competition and distribution. General Equilibrium and Game Theory is a signal contribution to economic theory and an invaluable resource for anyone wishing to study the craft of a master of economic modeling.

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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Truman F. Bewley
Harvard University Press, 2007
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
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A General Theory of Exploitation and Class
John E. Roemer
Harvard University Press, 1982

How can exploitation and even class division occur in socialist societies? The question is not merely embarrassing for Marxists and socialists. It is also a deep puzzle for economic theorists. In this original and powerful work, John Roemer proposes a general theory of exploitation which provides a game theoretic framework for expressing any conception of exploitation—feudal, capitalist, or socialist—in a standardized and explicit way, thus permitting a clear comparison of different ethical conceptions. As well as applying the general theory to an analysis of socialist society, Roemer uses it to contrast Marxian and neoclassical conceptions of exploitation. By placing the Marxian conception of exploitation in the context of a more general theory, Roemer provides fresh insights into classical questions, and resolves several old problems in Marxian economics.

The book also contains a formal theory of class formation. Once the behavior and institutional specifications of an economy are given, classes emerge endogenously in the model. In a major theorem Roemer relates the two key characteristics of a person in a given economy: his class position and his status as exploiter or exploited. Finally, he shows that the general theory of exploitation can be viewed as the formal translation into economic language of the theory of historical materialism. In its mathematical power and precision, its skillful use of general equilibrium and game theory, the book will become an important bridge between Marxist and neoclassical economics.

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Genre Matters
Essays in Theory and Criticism
Edited by Garin Dowd, Lesley Stevenson, and Jeremy Strong
Intellect Books, 2006
This collection of new essays addresses a topic of established and expanding critical interest throughout the humanities. It demonstrates that genre matters in a manner not constrained by disciplinary boundaries and includes new work on Genre Theory and applications of thinking about genre from Aristotle to Derrida and beyond. The essays focus on economies of expectation and competency, genre as media form, recent developments in television broadcast genres, translation and genericity, the role played by genre in film publicity, gender and genre, genre in fiction, and the problematics of classification. An introductory essay places the contributions in the context of a wide range of thinking about genre in the arts, media and humanities. The volume will be of interest to both undergraduates and postgraduates, especially those following courses on Genre Theory and Genre Criticism, and to academics working in a range of subject areas such as Cultural Studies, Film Studies, Media Studies and Literary Studies.
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Global Indian Diasporas
Exploring Trajectories of Migration and Theory
Edited by Gijsbert Oonk
Amsterdam University Press, 2008
Global Indian Diasporas discusses the relationship between South Asian emigrants and their homeland, the reproduction of Indian culture abroad, and the role of the Indian state in reconnecting emigrants to India. Focusing on the limits of the diaspora concept, rather than its possibilities, this volume presents new historical and anthropological research on South Asian emigrants worldwide. From a comparative perspective, examples of South Asian emigrants in Suriname, Mauritius, East Africa, Canada, and the United Kingdom are deployed in order to show that in each of these regions there are South Asian emigrants who do not fit into the Indian diaspora concept—raising questions about the effectiveness of the diaspora as an academic and sociological index, and presenting new and controversial insights in diaspora issues.
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Global Inequality
A New Approach for the Age of Globalization
Branko Milanovic
Harvard University Press, 2016

Winner of the Bruno Kreisky Prize, Karl Renner Institut
A Financial Times Best Economics Book of the Year
An Economist Best Book of the Year
A Livemint Best Book of the Year


One of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.

“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.”
The Economist

“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.
—Martin Wolf, Financial Times

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Global Politics of Regionalism
Theory and Practice
Edited by Mary Farrell, Bjorn Hettne, and Luk Van Langenhove
Pluto Press, 2005
This book explores the phenomenon of regionalism. In a seeming contradiction to globalization, there is a growing tendency for countries to enter into regional arrangements as a response to the pressures of operating in a global marketplace. But regionalism is also emerging as a phenomenon in its own right, serving distinct purposes and taking different forms in different areas. The contributors explore how these patterns impact on wider issues such as global governance, democracy and trade. 

The book reviews the major theoretical approaches to regional cooperation including perspectives from international relations, political economy, economics and sociology. It is divided into three main sections: theoretical approaches to regionalism; issues of regional cooperation (such as security, monetary issues, identity and integration); and an exploration of specific case studies including the Middle East, Africa, the Americas, China, Europe, Asia and the Pacific.

With an international range of contributors, including Bjorn Hettne, Louise Fawcett and Andrew Hurrell, this in-depth and multi-disciplinary guide will be of interest to students across the social sciences and to the wider policy community.
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God and the Economic Order
A History of the Relationship between Religious and Economic Thought
Paul Oslington
Harvard University Press

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The Great Depression
An International Disaster of Perverse Economic Policies
Thomas E. Hall and J. David Ferguson
University of Michigan Press, 1998
The Great Depression was the worst economic catastrophe in modern history. Not only did it cause massive worldwide unemployment, but it also led to the rise of Adolf Hitler in Germany, World War II in Europe, and the tragic deaths of tens of millions of people. This book describes the sequence of policy errors committed by powerful, well-meaning people in several countries, which, in combination with the gold standard in place at the time, caused the disaster. In addition, it details attempts to reduce unemployment in the United States by Franklin Roosevelt's New Deal, and in Germany by Hitler's National Socialist economic policies.
A comprehensive economic and historical explanation of the events pertaining to the Depression, this book begins by describing the economic setting in the major industrialized countries during the 1920s and the gold standard that linked theory economies together. It then discusses the triggering event that started the economic decline--the Federal Reserve's credit tightening in reaction to perceived overspeculation in the U.S. stock market. The policy bungling that transformed the recession into the Great Depression is detailed: Smoot Hawley, the Federal Reserve's disastrous adherence to the real bills doctrine, and Hoover's 1932 tax hike. This is followed by a detailed description of the New Deal's shortcomings in trying to end the Depression, along with a discussion of the National Socialist economic programs in Germany. Finally, the factors that ended the Depression are examined.
This book will appeal to economists, historians, and those interested in business conditions who would like to know more about the causes and consequences of the Great Depression. It will be particularly useful as a supplementary text in economic history courses.
Thomas E. Hall and J. David Ferguson are both Professors of Economics, Miami University.
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The Great Leveler
Capitalism and Competition in the Court of Law
Brett Christophers
Harvard University Press, 2016

For all the turmoil that roiled financial markets during the Great Recession and its aftermath, Wall Street forecasts once again turned bullish and corporate profitability soared to unprecedented heights. How does capitalism consistently generate profits despite its vulnerability to destabilizing events that can plunge the global economy into chaos? The Great Levelerelucidates the crucial but underappreciated role of the law in regulating capitalism’s rhythms of accumulation and growth.

Brett Christophers argues that capitalism requires a delicate balance between competition and monopoly. When monopolistic forces become dominant, antitrust law steps in to discourage the growth of giant corporations and restore competitiveness. When competitive forces become dominant, intellectual property law steps in to protect corporate assets and encourage investment. These two sets of laws—antitrust and intellectual property—have a pincer effect on corporate profitability, ensuring that markets become neither monopolistic, which would lead to rent-seeking and stagnation, nor overly competitive, which would drive down profits.

Christophers pursues these ideas through a close study of the historical development of American and British capitalist economies from the late nineteenth century to the present, tracing the relationship between monopoly and competition in each country and the evolution of legal mechanisms for keeping these forces in check. More than an illuminating study of the economic role of law, The Great Leveler is a bold and fresh dissection of the anatomy of modern capitalism.

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The Greening Of Literary Scholarship
Literature, Theory, and he Environment
Steven Rosendale
University of Iowa Press, 2002
A collection of thirteen original essays by leaders in the emerging field of ecocriticism,The Greening of Literary Scholarship is devoted to exploring new and previously neglected literatures, theories, and methods in environmental-literary scholarship.

Each essay in this impressive collection challenges the notion that the study of environmental literature is separate from traditional concerns of criticism, and each applies ecocritical scholarship to literature not commonly explored in this context. New historicism, postcolonialism, deconstructionism, and feminist and Marxist theories are all utilized to evaluate and gain new insights into environmental literature; at the same time, Percy Bysshe Shelley, Upton Sinclair, Leslie Marmon Silko, and Susan Howe are studied from an ecocritical perspective.
At its core, The Greening of Literary Scholarship offers a practical demonstration of how articulating traditional and environmental modes of literary scholarship can enrich the interpretation of literary texts and, most important, revitalize the larger fields of environmental and literary scholarship.
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Growth and Distribution
Second Edition
Duncan K. Foley, Thomas R. Michl, and Daniele Tavani
Harvard University Press, 2019

A major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation.

Authors Duncan Foley, Thomas Michl, and Daniele Tavani present Classical and Keynesian approaches to growth theory, in parallel with Neoclassical ones, and introduce students to advanced tools of intertemporal economic analysis through carefully developed treatments of land- and resource-limited growth. They cover corporate finance, the impact of government debt and social security systems, theories of endogenous technical change, and the implications of climate change. Without excessive formal complication, the models emphasize rigorous reasoning from basic economic principles and insights, and respond to students’ interest in the history and policy dilemmas of real-world economies.

In addition to carefully worked out examples showing how to use the analytical techniques presented, Growth and Distribution presents many problems suitable for inclusion in problem sets and examinations. Detailed answers to these problems are available. This second edition includes fresh data throughout and new chapters on climate change, corporate capitalism, models of wealth inequality, and technical change.

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Growth Triumphant
The Twenty-first Century in Historical Perspective
Richard A. Easterlin
University of Michigan Press, 1998
Taking a longer view than most literature on economic development, Richard A. Easterlin stresses the enormous contrast between the collective experience of the last half century in both developed and developing countries and what has gone before. An economic historian and demographer, the author writes in the tradition of the "new economic history," drawing on economic theory and quantitative evidence to interpret the historical experience of economic theory and population growth. He reaches beyond the usual disciplinary limits to draw, as appropriate, on sociology, political science, psychology, anthropology, and the history of science. The book will be of interest not only to social scientists but to all readers concerned with where we have been and where we are going.
". . . Easterlin is both an economic historian and a demographer, and it is the combination of these two disciplines and the fine balance between theory and experience that make this well-written, refreshingly optimistic book excellent reading." --Population and Development Review
"In this masterful synthesis, Richard Easterlin draws on the disciplines of economic history, demography, sociology, political science, psychology, and the history of science to present an integrated explation of the origins of modern economic growth and of the mortality revolution. . . . His book should be easily accessible to non-specialists and will give them a sense of why economic history can inform our understanding of the future." --Dora L. Costa, Massachusetts Institute of Technology, EH.Net and H-Net
"Growth Triumphant is, simply, a fascinating book. Easterlin has woven together a history of economic growth, economic development, human mortality and morbidity, the connections each has with the others, and the implications of this nexus of forces on the future. . . . This book deserves a wide audience." --Choice
"In what must surely be the most fair-minded, well-balanced, and scrupulously reasoned and researched book on the sensational subjects implied in its title--the Industrial Revolution, the mortality and fertility revolutions, and the prospects for future happiness for the human race--Professor Easterlin has set in place the capstone of his research career." --Journal of Economic History
Richard A. Easterlin is Professor of Economics, University of Southern California.
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