Results by title

917 books match the query 'Economics' and 233 start with t

cover of T?he Commons: Economic Alternatives in the Digital Age

T?he Commons

Economic Alternatives in the Digital Age

Vangelis Papadimitropoulos

University of Westminster Press, 2020

This book explores the potential creation of a broader collaborative economy through commons-based peer production (P2P) and the emergent role of information and communication technologies (ICTs). The book seeks to critically engage in the political discussion of commons-based peer production, which can be classified into three basic arguments: the liberal, the reformist and the anti-capitalist. This book categorises the liberal argument as being in favour of the coexistence of the commons with the market and the state. Reformists, on the other hand, advocate for the gradual adjustment of the state and of capitalism to the commons, while anti-capitalists situate the commons against capitalism and the state. By discussing these three viewpoints, the book contributes to contemporary debates concerning the future of commons-based peer production.

Further, the author argues that for the commons to become a fully operational mode of peer production, it needs to reach critical mass arguing that the liberal argument underestimates the reformist insight that technology has the potential to decentralise production, thereby forcing capitalism to transition to post-capitalism. Surveying the three main strands of commons-based peer production, this book makes the case for a post-capitalist commons-orientated transition that moves beyond neoliberalism.

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cover of THE ECONOMICS OF FANTASY: RAPE IN TWENTIETH-CENTURY LITERATURE

THE ECONOMICS OF FANTASY

RAPE IN TWENTIETH-CENTURY LITERATURE

Sharon Stockton

The Ohio State University Press, 2006

In The Economics of Fantasy: Rape in Twentieth-Century Literature, Sharon Stockton examines the persistence and the evolution of the rape narrative in twentieth-century literature—the old story of male power and violence; female passivity and penetrability. What accounts for its persistence? How has the story changed over the course of the twentieth century? In this provocative book, Stockton investigates the manner in which the female body—or to be more precise, the violation of the female body—serves as a metaphor for a complex synthesis of masculinity and political economy. From high modernism to cyberpunk, Pound to Pynchon, Stockton argues that the compulsive return to the rape story, articulates—among other things—the gradual and relentless removal of Western man from the fantastical capitalist role of venturesome, industrious agency. The metamorphosis of the twentieth-century rape narrative registers a desperate attempt to preserve traditional patterns of robust, entrepreneurial masculinity in the face of economic forms that increasingly disallow illusions of individual authority.

It is important to make clear that the genre of rape story studied here presumes a white masculine subject and a white feminine object. Stockton makes the case that the aestheticized rape narrative reveals particular things about the way white masculinity represents itself. Plotting violent sexual fantasy on the grid of economic concerns locates masculine agency in relation to an explicitly contingent material system of power, value, and order. It is in this way that The Economics of Fantasy discloses the increased desperation with which the body has been made to carry ideology under systems of advanced capitalism.
 
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cover of Taking Trade to the Streets: The Lost History of Public Efforts to Shape Globalization

Taking Trade to the Streets

The Lost History of Public Efforts to Shape Globalization

Susan Ariel Aaronson

University of Michigan Press, 2002

In the wake of civil protest in Seattle during the 1999 World Trade Organization meeting, many issues raised by globalization and increasingly free trade have been in the forefront of the news. But these issues are not necessarily new. Taking Trade to the Streets describes how so many individuals and nongovernmental organizations came over time to see trade agreements as threatening national systems of social and environmental regulations. Using the United States as a case study, Susan Ariel Aaronson examines the history of trade agreement critics, focusing particular attention on NAFTA (the North American Free Trade Agreement between Canada, Mexico, and the United States) and the Tokyo and Uruguay Rounds of trade liberalization under the GATT. She also considers the question of whether such trade agreement critics are truly protectionist.
The book explores how trade agreement critics built a fluid global movement to redefine the terms of trade agreements (the international system of rules governing trade) and to redefine how citizens talk about trade. (The "terms of trade" is a relationship between the prices of exports and of imports.) That movement, which has been growing since the 1980s, transcends borders as well as longstanding views about the role of government in the economy. While many trade agreement critics on the left say they want government policies to make markets more equitable, they find themselves allied with activists on the right who want to reduce the role of government in the economy.
Aaronson highlights three hot-button social issues--food safety, the environment, and labor standards--to illustrate how conflicts arise between trade and other types of regulation. And finally she calls for a careful evaluation of the terms of trade from which an honest debate over regulating the global economy might emerge.
Ultimately, this book links the history of trade policy to the history of social regulation. It is a social, political, and economic history that will be of interest to policymakers and students of history, economics, political science, government, trade, sociology, and international affairs.
Susan Ariel Aaronson is Senior Fellow at the National Policy Institute and occasional commentator on National Public Radio's "Morning Edition."
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cover of Targeting Investments in Children: Fighting Poverty When Resources Are Limited

Targeting Investments in Children

Fighting Poverty When Resources Are Limited

Edited by Phillip B. Levine and David J. Zimmerman

University of Chicago Press, 2010

A substantial number of American children experience poverty: about 17 percent of those under the age of eighteen meet the government’s definition, and the proportion is even greater within minority groups. Childhood poverty can have lifelong effects, resulting in poor educational, labor market, and physical and mental health outcomes for adults. These problems have long been recognized, and there are numerous programs designed to alleviate or even eliminate poverty; as these programs compete for scarce resources, it is important to develop a clear view of their impact as tools for poverty alleviation.

Targeting Investments in Children tackles the problem of evaluating these programs by examining them using a common metric: their impact on earnings in adulthood. The volume’s contributors explore a variety of issues, such as the effect of interventions targeted at children of different ages, and study a range of programs, including child care, after-school care, and drug prevention. The results will be invaluable to educational leaders and researchers as well as policy makers.

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cover of Tax Haven Ireland

Tax Haven Ireland

Brian O’ Boyle

Pluto Press, 2021

This is the story of how a small island on the edge of Europe became one of the world’s major tax havens. From global corporations such as Apple and Google, to investment bankers and mainstream politicians, those taking advantage of Ireland’s pro-business tax laws and shadow banking system have amassed untold riches at enormous social cost to ordinary people at home and abroad.

Tax Haven Ireland uncovers the central players in this process and exposes the coverups employed by the Irish state, with the help of accountants, lawyers, and financial services companies. From the lucrative internet porn industry to corruption in the property market, this issue distorts the economy across the state and in the wider international system, and its history runs deep, going back the country’s origins as a British colonial outpost.

Today, in the wake of Brexit and in the shadow of yet another economic crash, what can be done to prevent such dangerous behaviour and reorganize our economies to invest in the people? Can Ireland – and all of us – build an alternative economy based on fairness and democratic values?
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cover of Tax Policy and the Economy, Volume 24

Tax Policy and the Economy, Volume 24

Edited by Jefferey R. Brown

University of Chicago Press Journals, 2010

Tax Policy and the Economy publishes current academic research findings on taxation and government spending that have both immediate bearing on policy debates and longer-term interest. The papers in this volume range from topics as broad as the relative efficacy of tax cuts versus spending increases as a form of economic stimulus to a targeted analysis of the Low Income Housing Tax Credit. Also included are two papers at that examine different aspects of policies designed to provide fiscal stimulus, as well as an examination of the effects of recent reforms in the Earned Income Tax Credit.

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cover of Tax Policy and the Economy, Volume 25

Tax Policy and the Economy, Volume 25

Edited by Jeffrey R. Brown

University of Chicago Press Journals, 2011

In light of the very public debate on the federal budget this year between Democrats and Republicans, the economic ramifications of tax policy are now more than ever a focus of national attention. Tax Policy and the Economy, Volume 25 is thus an invaluable tool, publishing current academic research findings on taxation and government spending, which informs important policy debates with rigorous economic analysis. The papers in Volume 25 include a review of current fuel economy taxation; research on implicit taxes on work from Social Security and Medicare; an analysis on how future increases in aggregate health care expenditures will impact future tax rates required to support Medicare and Medicaid; and two papers that analyze the implications of large and sustained budget deficits on the economy.
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cover of Tax Policy and the Economy, Volume 26

Tax Policy and the Economy, Volume 26

Edited by Jeffrey R. Brown

University of Chicago Press Journals, 2012

There is no question that the US is facing significant fiscal challenges. Tax Policy and the Economy research papers make valuable contributions to our understanding of the economic effects of alternative approaches. The papers collected in Volume 26 include a study of an important determinant of the labor supply effects of Social Security; an examination of the budgetary and economic impact of changing how employer health insurance is treated in the tax code; an analysis of how US investment in Europe might be impacted by proposed corporate tax reform in the European Union; a look at the term “tax expenditures,” often used to describe governmental policies that show as reduction in taxes rather than as an increase in spending. The final paper in the volume shows how uncertainty about the restoration of US fiscal balance imposes additional efficiency costs on the economy in consumption, saving, labor supply and portfolio decisions, and how it reduces individual welfare.
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cover of Tax Policy and the Economy, Volume 27

Tax Policy and the Economy, Volume 27

Edited by Jeffrey R. Brown

University of Chicago Press Journals, 2013

Taxation policy was a central part of the policy debates over the “fiscal cliff.” Given the importance of fiscal issues, it is vital for rigorous empirical research to inform the policy dialogue.  In keeping with the NBER’s tradition of carrying out rigorous but policy-relevant research, Volume 27 of Tax Policy and the Economy offers insights on a number of key tax policy questions.  This year's volume features six papers by leading scholars who examine the tax treatment of tuition at private K-12 schools, the potential streamlining of the federal rules for post-secondary financial aid and the use of tax return information in this process, the effect of tax and benefit programs on incentives to work, the macroeconomic effects of fiscal adjustments, and the set of factors that contributed to the weakening US fiscal outlook in the last decade.
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cover of Tax Policy and the Economy, Volume 28

Tax Policy and the Economy, Volume 28

Edited by Jeffrey R. Brown

University of Chicago Press Journals, 2014

The papers in Volume 28 of Tax Policy and the Economy illustrate the depth and breadth of the research by NBER research associates who study taxation and government spending programs.  The first paper explores whether closely held firms are used as tax shelters. The second examines the taxation of multinational corporations. The third discusses the taxation of housing, focusing on the ways in which current income tax rules may affect location and consumption decisions and lead to economic inefficiencies. The fourth paper offers an historical perspective on the political economy of gasoline taxes, with a particular focus on the response to the oil shocks of the early 1970s. The fifth and final paper uses the tools of financial economics to estimate the unfunded liabilities of the Pension Benefit Guaranty Corporation.
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cover of Tax Policy and the Economy, Volume 29

Tax Policy and the Economy, Volume 29

Edited by Jeffrey R. Brown

University of Chicago Press Journals, 2016

The papers in Volume 29 of Tax Policy and the Economy illustrate the depth and breadth of the taxation-related research by NBER research associates, both in terms of methodological approach and in terms of topics.  In the first paper, former NBER President Martin Feldstein estimates how much revenue the federal government could raise by limiting tax expenditures in various ways, such as capping deductions and exclusions. The second paper, by George Bulman and Caroline Hoxby, makes use of a substantial expansion in the availability of education tax credits in 2009 to study whether tax credits have a significant causal effect on college attendance and related outcomes. In the third paper, Casey Mulligan discusses how the Affordable Care Act (ACA) introduces or expands taxes on income and on full-time employment. In the fourth paper, Bradley Heim, Ithai Lurie, and Kosali Simon focus on the “young adult” provision of the ACA that allows young adults to be covered by their parents’ insurance policies. They find no meaningful effects of this provision on labor market outcomes.  The fifth paper, by Louis Kaplow, identifies some of the key conceptual challenges to analyzing social insurance policies, such as Social Security, in a context where shortsighted individuals fail to save adequately for their retirement. 
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cover of Tax Policy and the Economy, Volume 30

Tax Policy and the Economy, Volume 30

Edited by Jeffrey R. Brown

University of Chicago Press Journals, 2016

The research papers in Volume 30 of Tax Policy and the Economy make significant contributions to the academic literature in public finance and provide important conceptual and empirical input to policy design. In the first paper, Gerald Carlino and Robert Inman consider whether state-level fiscal policies create spillovers for neighboring states and how federal stimulus can internalize these externalities. The second paper, by Nathan Hendren, presents a new framework for evaluating the welfare consequences of tax policy changes and explains how the key parameters needed to implement this framework can be estimated. The third paper, a collaborative effort by several academic and US Treasury economists, documents the dramatic increase in pass-through businesses, including partnerships and S-corporations, over the last thirty years.  It notes that these entities now generate more than half of all US business income. The fourth paper examines property tax compliance using a pseudo-randomized experiment in Philadelphia, in which those who owed taxes received supplemental letters regarding their tax delinquency. The research explores what types of communication lead to higher rates of tax payment. In the fifth paper, Jeffrey Clemens discusses cross-program budgetary spillovers of minimum wage regulations. Severin Borenstein and Lucas Davis, the authors of the sixth paper, study the distributional effects of income tax credits for clean energy.
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cover of Tax Policy and the Economy, Volume 31

Tax Policy and the Economy, Volume 31

Edited by Robert A. Moffitt

University of Chicago Press Journals, 2017

The papers in Tax Policy and the Economy Volume 31 are all directly related to important and often long-standing issues, often including how transfer programs affect tax rates and behavior. In the first paper, Alan Auerbach, Laurence Kotlikoff, Darryl Koehler, and Manni Yu take a lifetime perspective on the marginal tax rates facing older individuals and families arising from a comprehensive set of sources. In the second, Gizem Kosar and Robert A. Moffitt provide new estimates of the cumulative marginal tax rates facing low-income families over the period 1997-2007. In the third paper, Emmanuel Saez presents evidence on the elasticity of taxable income with respect to tax rates, drawing on data from the 2013 federal income tax reform.  In the fourth, Conor Clarke and Wojciech Kopczuk survey the treatment of business income taxation in the United States since the 1950s, providing new data on how business income and its taxation have evolved over time.  In the fifth paper, Louis Kaplow argues that the reduction in statutory tax rates from base-broadening may not reduce effective marginal tax rates on households. 
 
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cover of Tax Policy and the Economy, Volume 33

Tax Policy and the Economy, Volume 33

Edited by Robert A. Moffitt

University of Chicago Press Journals, 2019

This volume presents five new studies on taxation and government transfer programs.  Alexander Blocker, Laurence Kotlikoff, Stephen Ross, and Sergio Villar Vallenas show how asset pricing can be used to value implicit fiscal debts, which are currently rarely measured or adjusted for risk, while accounting for risk properties.  They apply their methodology to study Social Security.  Michelle Hanson, Jeffrey Hoopes, and Joel Slemrod examine the effects of the Tax Cuts and Jobs Act on corporation behavior and on firms’ statements about their behavior.  They focus on for four outcomes: bonuses, investment, share repurchases, and dividends. Scott Baker, Lorenz Kueng, Leslie McGranahan, and Brian Melzer explore whether “unconventional” fiscal policy in the form of pre-announced consumption tax changes can shift durables purchases intertemporally, how it such shifts are affected by consumer credit.  Alan Auerbach discusses “tax equivalences,” disparate sets of policies that have the same economic effects, and also illustrates when these equivalences break down.  Jeffrey Liebman and Daniel Ramsey use data from NBER’s TAXSIM model to investigate the equity implications of a switch from joint to independent taxation that could occur in conjunction with adoption of return-free tax filing.
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cover of Tax Policy and the Economy, Volume 34

Tax Policy and the Economy, Volume 34

Edited by Robert A. Moffitt

University of Chicago Press Journals, 2020

This volume presents five new studies on current topics in taxation and government spending.  Mark Shepard, Katherine Baicker, and Jonathan Skinner explore implementation aspects of a Medicare-for-All program, which provides a uniform health insurance benefit to everyone, and contrast it with a program providing a basic benefit that can be supplemented voluntarily. John Beshears, James Choi, Mark Iwry, David John, David Laibson, and Brigitte Madrian examine the design and feasibility of firm-sponsored “rainy day funds,” short-term savings accounts for employees that can be used when faced with temporary periods of high expenditure. Robert Barro and Brian Wheaton investigate the impact of taxation on choice of corporate form, on the formation and legal structure of new businesses, and indirectly on productivity in the economy. Jonathan Meer and Benjamin Priday examine the impact of the 2017 federal income tax reform, which reduced marginal tax rates and the incentive for charitable giving, on such giving. Finally, Casey Mulligan analyzes the impact of the Affordable Care Act on whether firms employ fewer than 50 employees, the employment threshold below which they are exempt from the requirement to provide health insurance to their employees.
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cover of Tax Policy and the Economy, Volume 35

Tax Policy and the Economy, Volume 35

Edited by Robert A. Moffitt

University of Chicago Press Journals, 2021

This volume presents six new studies on current topics in taxation and government spending. The first study looks at the costs of income tax filing, which have risen over time because of the numerous tax forms families have to fill out when filing their taxes and because of increased costs of itemizing deductions, and explores ways to simplify filing and reduce those costs. The second study investigates the design of income tax schedules when there is uncertainty about the way taxation affects household behavior. The third study provides new and comprehensive estimates of the impact of the US Earned Income Tax Credit on the employment of low-income men and women, finding that the large majority of the various expansions of that credit over the last forty years have increased employment of single mothers. The fourth study reviews the structure of business taxation in China and describes a number of tax distortions and potential inefficiencies in the system. The next paper considers how the Affordable Care Act has affected the health insurance and labor market choices of individuals who are between the ages of 60 and 64, and it finds increases in insurance coverage and reductions in employment for some groups. The last study considers how reimbursement rates for health care providers under various government insurance programs affect providers’ willingness to take on new patients and expand their patient capacity.
 
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cover of Tax Policy and the Economy, Volume 36

Tax Policy and the Economy, Volume 36

Edited by Robert A. Moffitt

University of Chicago Press Journals, 2022

This volume presents five new studies on current topics in taxation and government spending.  
Natasha Sarin, Lawrence Summers, Owen Zidar, and Eric Zwick study how investors respond to taxes on capital gains, whether their incentives to invest are affected by those taxes, and whether that responsiveness has changed over time. Ethan Rouen, Suresh Nallareddy, and Juan Carlos Suárez Serrato revisit the question of whether cuts to corporate taxes increase income inequality, bringing new data and new statistical techniques to generate fresh findings. Alan Auerbach and William Gale investigate whether the advantages and disadvantages of different types of taxation are affected when interest rates stay low for long periods, as has been the case in the U.S. for many years. Nora Gordon and Sarah Reber study the distributional impact of emergency subsidies to schools made by the federal government during the recent COVID pandemic and whether those subsidies were sufficient to cover the increased school costs induced by the pandemic. Jacob Goldin, Elaine Maag, and Katherine Michelmore investigate the fiscal cost of an expansion of the U.S. child tax credit, which has been discussed extensively in policy circles recently. They take into account not only the direct expenditure on the allowance but how cost is affected by the existence of work incentives and by possible beneficial effects on childrens’ adult earnings.
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cover of Tax Policy and the Economy: Volume 32

Tax Policy and the Economy

Volume 32

Edited by Robert A. Moffitt

University of Chicago Press Journals, 2018

The six research studies in Volume 32 of Tax Policy and the Economy analyze the U.S. tax and transfer system, in particular its effects on revenues, expenditures, and economic behavior. First, James Andreoni examines donor advised funds, which are financial vehicles offered by investment houses to provide savings accounts for tax-free charitable giving, and weighs their effects on donations against their tax cost. Second, Caroline Hoxby analyzes the use of tax credits by students enrolled in online post-secondary education. Third, Alex Rees-Jones and Dmitry Taubinsky explore taxpayers’ psychological biases that lead to incorrect perceptions and understanding of tax incentives. Fourth, Jeffrey Clemens and Benedic Ippolito investigate the implications of block grant reforms of Medicaid for receipt of federal support by different states. Fifth, Andrew Samwick examines means-testing of Medicare and federal health benefits under the Affordable Care Act. Sixth, Bruce Meyer and Wallace Mok study the incidence and effects of disability among U.S. women from 1968 to 2015, examining the impacts of disability on income, consumption, and public transfers.
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cover of Technocapitalism: A Critical Perspective on Technological Innovation and Corporatism

Technocapitalism

A Critical Perspective on Technological Innovation and Corporatism

Luis Suarez-Villa

Temple University Press, 2012

A new version of capitalism, grounded in technology and science, is spawning new forms of corporate power and organization that will have major implications for the twenty-first century. Technological creativity is thereby turned into a commodity in new corporate regimes that are primarily oriented toward research and intellectual appropriation. This phenomenon is likely to have major social, economic, and political consequences, as the new corporatism becomes ever more intrusive and rapacious through its control over technology and innovation.

In his provocative book Technocapitalism, Luis Suarez-Villa addresses this phenomenon from the perspective of radical political economy and social criticism. Grounded in the premise that relations of power influence how human creativity and technology are exploited by the new corporatism, the author argues that new forms of democratic participation and resistance are needed, if the social pathologies created by this new version of capitalism are to be checked.

Considering the new sectors affected by technocapitalism, such as biotechnology, nanotechnology, bioinformatics, and genomics, Suarez-Villa deciphers the common threads of power and organization that drive their corporatization. These new sectors, and the corporate apparatus set up to extract profit and power through them, are imposing standards, creating business models, molding social governance, and influencing social relations at all levels. The new reality they create is likely to affect most every aspect of human existence, including work, health, life, and nature itself.
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cover of Technological Change in Health Care: A Global Analysis of Heart Attack

Technological Change in Health Care

A Global Analysis of Heart Attack

Mark B. McClellan and Daniel P. Kessler, Editors

University of Michigan Press, 2002

Evidence from the United States suggests that technological change is a key factor in understanding both medical expenditure growth and recent dramatic improvements in the health of people with serious illnesses. Yet little international research has examined how the causes and consequences of technological change in health care differ worldwide. Seeking to illuminate these issues, this volume documents how use of high-technology treatments for heart attack changed in fifteen developed countries over the 1980s and 1990s. Drawn from the collaborative effort of seventeen research teams in fifteen countries, it provides a cross-country analysis of microdata that illuminates the relationships between public policies toward health care, technology, costs, and health outcomes.
The comparisons presented here confirm that the use of medical technology in treatment for heart attack is strongly related to incentives, and that technological change is an important cause of medical expenditure growth in all developed countries. Each participating research team reviewed the economic and regulatory incentives provided by their country's health system, and major changes in those incentives over the 1980s and 1990s, according to a commonly used framework. Such incentives include: the magnitude of out-of-pocket costs to patients, the generosity of reimbursement to physicians and hospitals, regulation of the use of new technologies or the supply of physicians, regulation of competition, and the structure of hospital ownership. Each team also reviewed how care for heart attacks has changed in their country over the past decade.
The book will be of enormous importance to health economists, medical researchers and epidemiologists, and policymakers.
Mark McClellan is Associate Professor of Economics and of Medicine and, by courtesy, of Health Research and Policy, Stanford University. He is a National Fellow, the Hoover Institution. Daniel P. Kessler is Associate Professor of Economics, Law, and Policy in the Graduate School of Business, Stanford University, and a Research Fellow, the Hoover Institution.
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cover of Technology in American Health Care: Policy Directions for Effective Evaluation and Management

Technology in American Health Care

Policy Directions for Effective Evaluation and Management

Alan B. Cohen and Ruth S. Hanft, with William E. Encinosa, Stephanie M. Spernak, Shirley A. Stewart, and Catherine C. White

University of Michigan Press, 2004

"The definitive overview of health technology assessment in the U.S. and Europe, the biotech industry, adoption and use of medtech in health care."
---The World Future Society, Best Books and Reports

"This excellent book provides a broad overview of the development, impact, and evaluation of health technology in the United States. . . .The authors take a well-organized and thorough approach to address these topics, combining reviews of each with case examples of particular technologies. . . .Given the broad scope of the book, it could serve as a text for students, an introduction to the field for healthcare professionals, or a tool for academics and policymakers wishing to fill knowledge gaps outside their disciplines. . . .The book makes a compelling case for the logic and potential benefits of medical technology evaluation as a tool for improving health care."
---Journal of the American Medical Association

"By being comprehensive in their review, the authors chart a clear path to understanding the future of health care technology in America. They clarify the technical methods for evaluation and provide insight into the sociopolitical aspects of development and diffusion. Case studies are informative. Excellent reading for students and health professionals either as a textbook or as an off-the-shelf guide to methods for deciding among alternative technologies."
---Norman W. Weissman, University of Alabama

"Technology today dominates every aspect of health care. This useful book offers a diverse range of perspectives for students, professors, and medical practitioners who wish to understand how to evaluate medical technology."
---Joel Howell, University of Michigan Medical School

Technology in American Health Care is a comprehensive, multidisciplinary guide to understanding how medical advances-new drugs, biological devices, and surgical procedures-are developed, brought to market, evaluated, and adopted into health care.

Cost-effective delivery of evidence-based health care is the sine qua non of American medicine in the twenty-first century. Health care decision makers, providers, payers, policymakers, and consumers all need vital information about the risks, benefits, and costs of new technologies in order to make informed decisions about which ones to adopt and how to use them. Alan B. Cohen and Ruth S. Hanft explore the evolving field of medical technology evaluation (MTE), as well as the current controversies surrounding the evaluation and diffusion of medical technologies, including the methods employed in their assessment and the policies that govern their adoption and use.

The book opens with an introduction that provides basic definitions and the history of technological change in American medicine, and a second chapter that explores critical questions regarding medical technology in health care. Part I discusses biomedical innovation, the development and diffusion of medical technology, and the adoption and use of technology by hospitals, physicians, and other health care organizations and professions under changing health care market conditions. Part II examines the methods of MTE-including randomized controlled trials, meta-analyses, economic evaluation methods (such as cost-benefit, cost-effectiveness, and cost-utility analyses), and clinical decision analysis. Part III focuses on key public policy issues and concerns that affect the organization, financing, and delivery of health care and that relate importantly to medical technology, including safety, efficacy, quality, cost, access, equity, social, ethical, legal, and evaluation concerns. All three parts of the book provide a historical perspective on the relevant issues, methods, and policy concerns and contain examples of technologies whose development, adoption, evaluation, and use have contributed to our understanding of the field.

This book will be invaluable in making MTE more accessible to individuals who are directly involved in the evaluation process and those who are touched by it in their professional lives-policymakers, clinicians, managers, and researchers.

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cover of Technology, Productivity, and Economic Growth

Technology, Productivity, and Economic Growth

Edited by Susanto Basu, Lucy Eldridge, John Haltiwanger, and Erich Strassner

University of Chicago Press, 2025

A wide-reaching exploration of how technological advancements influence and shape productivity and economic growth.

Current technological developments in several industries, such as the rise of artificial intelligence and innovations associated with the green energy transition, are likely to have significant and wide-ranging effects. This volume explores the implications of rapid changes in advanced technology and considers how to conceptualize and model these advances and improve measures of productivity and economic growth. The study of these issues is facilitated both by new methods for using and integrating disparate data sources and by the availability of new data sources. The chapters in this volume leverage these developments to offer fresh insights into long-standing issues in productivity analysis and technological change.

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cover of The "Vanity of the Philosopher": From Equality to Hierarchy in Post-Classical Economics

The "Vanity of the Philosopher"

From Equality to Hierarchy in Post-Classical Economics

Sandra J. Peart and David M. Levy

University of Michigan Press, 2005

The "Vanity of the Philosopher" continues the themes introduced in Levy's acclaimed book How the Dismal Science Got Its Name.

Here, Peart and Levy tackle the issues of racism, eugenics, hierarchy, and egalitarianism in classical economics and take a broad view of classical economics' doctrine of human equality. Responding to perennial accusations from the left and the right that the market economy has created either inequality or too much equality, the authors trace the role of the eugenics movement in pulling economics away from the classical economist's respect for the individual toward a more racist view at the turn of the century.

The "Vanity of the Philosopher" reveals the consequences of hierarchy in social science. It shows how the "vanity of the philosopher" has led to recommendations that range from the more benign but still objectionable "looking after" paternalism, to overriding preferences, and, in the extreme, to eliminating purportedly bad preferences. The authors suggest that an approach that abstracts from difference and presumes equal competence is morally compelling.

"People in the know on intellectual history and economics await the next book from Peart and Levy with much the same enthusiasm that greets a new Harry Potter book in the wider world. This book delivers the anticipated delights big time!"
-William Easterly, Professor of Economics and Africana Studies, NYU, and non-resident Senior Fellow, Center for Global Development

"In their customary idiosyncratic manner, Sandra Peart and David Levy reexamine the way in which the views of classical economists on equality and hierarchy were shifted by contact with scholars in other disciplines, and the impact this had on attitudes towards race, immigration, and eugenics. This is an imaginative and solid work of scholarship, with an important historical message and useful lessons for scholars today."
-Stanley Engerman, John Munro Professor of Economics and Professor of History, University of Rochester


Sandra J. Peart, Professor of Economics at Baldwin-Wallace College, has published articles on utilitarianism, the methodology of J. S. Mill, and the transition to neoclassicism. This is her fourth book. David M. Levy is Professor of Economics at George Mason University and Director of the Center for Study of Public Choice. This is his third book.
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cover of The ABCs of Political Economy: A Modern Approach

The ABCs of Political Economy

A Modern Approach

Robin Hahnel

Pluto Press, 2014

This revised edition of ABCs is a lively and accessible introduction to modern political economy. Informed by the work of Marx, Veblen, Kalecki, Robinson, Minsky and other great political economists, Robin Hahnel provides the essential tools needed to understand economic issues today. 

Dispelling myths about financial liberalisation, fiscal austerity, globalisation and free markets, ABCs offers a critical perspective on our present system and outlines clear alternatives for the future. 

This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, the ensuing 'Great Recession', and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. The second edition also helps explain what is causing climate change and what will be required if it is to be resolved effectively and fairly.
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cover of The Ambivalence of Scarcity and Other Essays

The Ambivalence of Scarcity and Other Essays

Paul Dumouchel

Michigan State University Press, 2014

First published in French in 1979, “The Ambivalence of Scarcity” was a groundbreaking work on mimetic theory. Now expanded upon with new, specially written, and never-before-published conference texts and essays, this revised edition explores René Girard’s philosophy in three sections: economy and economics, mimetic theory, and violence and politics in modern societies. The first section argues that though mimetic theory is in many ways critical of modern economic theory, this criticism can contribute to the enrichment of economic thinking. The second section explores the issues of nonviolence and misrecognition (méconnaissance), which have been at the center of many discussions of Girard’s work. The final section proposes mimetic analyses of the violence typical of modern societies, from high school bullying to genocide and terrorist attacks. Politics, Dumouchel argues, is a violent means of protecting us from our own violent tendencies, and it can at times become the source of the very savagery from which it seeks to protect us. The book’s conclusion analyzes the relationship between ethics and economics, opening new avenues of research and inviting further exploration. Dumouchel’s introduction reflects on the importance of René Girard’s work in relation to ongoing research, especially in social sciences and philosophy.
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cover of The Anti-Capitalist Chronicles

The Anti-Capitalist Chronicles

David Harvey

Pluto Press, 2020

Amidst waves of economic crises, health crises, class struggle and neo-fascist reaction, few possess the clarity and foresight of world-renowned theorist, David Harvey. Since the publication of his bestselling A Brief History of Neoliberalism, Harvey has been tracking the evolution of the capitalist system as well as tides of radical opposition rising against it. In The Anti-Capitalist Chronicles, Harvey introduces new ways of understanding the crisis of global capitalism and the struggles for a better world.


While accounting for violence and disaster, Harvey also chronicles hope and possibility. By way of conversations about neoliberalism, capitalism, globalization, the environment, technology, social movements and crises like COVID-19, he outlines, with characteristic brilliance, how socialist alternatives are being imagined under very difficult circumstances.


In understanding the economic, political and social dimensions of the crisis, Harvey’s analysis in The Anti-Capitalist Chronicles will be of strategic importance to anyone wanting to both understand and change the world.

[more]
cover of The Beginning of History: Value Struggles and Global Capital

The Beginning of History

Value Struggles and Global Capital

Massimo De Angelis

Pluto Press, 2007

Francis Fukuyama may declare the "end of history," and neoliberal capital embraces this belief. However, the diverse struggles for commons and dignity around the planet reveal a different reality: that of the beginning of history. The clash between these two perspectives is the subject matter of this book. This book analyzes the frontline of this struggle. On one side, a social force called capital pursues endless growth and monetary value. On the other side, other social forces strive to rearrange the web of life on their own terms. This book engages with alternative modes of coproduction recently posed by the alter-globalization movement, and it examines what these movements are up against. This passionate account explores groundbreaking new critical political economic theory and its role in bringing about radical social change. This book is a must for all political activists and students of political theory.
[more]
cover of The Big Reset Revised Edition: War on Gold and the Financial Endgame

The Big Reset Revised Edition

War on Gold and the Financial Endgame

Willem Middelkoop

Amsterdam University Press, 2016

"Willem Middelkoop and The Big Reset is right in the thick of the action! Great book; awesome statistical reference to go along with the analysis.
- James Rickards on the first edition. Rickards is the author of The Death of Money and Currency Wars, a National Bestseller.



A system reset seems imminent. The world's financial system will need to find a new anchor before the year 2020. Since the beginning of the credit crisis, the US realized the dollar will lose its role as the world's reserve currency, and has been planning for a monetary reset. According to Willem Middelkoop, this reset will be designed to keep the US in the driver's seat, allowing the new monetary system to include significant roles for other currencies such as the euro and China's renminbi.

PREPARE FOR THE COMING RESET
In all likelihood gold will be re-introduced as one of the pillars of this next phase in the global financial system. The prediction is that gold could be revalued at $ 7,000 per troy ounce. By looking past the American 'smokescreen' surrounding gold and the dollar long ago, China and Russia have been accumulating massive amounts of gold reserves, positioning themselves for a more prominent role in the future to come. The reset will come as a shock to many. The Big Reset will help everyone who wants to be fully prepared.

This fully revised edition of Middelkoop's book takes into account developments since its original publication, which have only strengthened the case for the coming return of gold.
[more]
cover of The Biological Consequences of Socioeconomic Inequalities

The Biological Consequences of Socioeconomic Inequalities

Barbara Wolfe

Russell Sage Foundation, 2013

Social scientists have repeatedly uncovered a disturbing feature of economic inequality: people with larger incomes and better education tend to lead longer, healthier lives. This pattern holds across all ages and for virtually all measures of health, apparently indicating a biological dimension of inequality. But scholars have only begun to understand the complex mechanisms that drive this disparity. How exactly do financial well-being and human physiology interact? The Biological Consequences of Socioeconomic Inequalities incorporates insights from the social and biological sciences to quantify the biology of disadvantage and to assess how poverty gets under the skin to impact health. Drawing from unusually rich datasets of biomarkers, brain scans, and socioeconomic measures, Biological Consequences of Socioeconomic Inequalities illustrates exciting new paths to understanding social inequalities in health. Barbara Wolfe, William N. Evans and Nancy Adler begin the volume with a critical evaluation of the literature on income and health, providing a lucid review of the difficulties of establishing clear causal pathways between the two variables. In their chapter, Arun S. Karlamangla, Tara L. Gruenewald, and Teresa E. Seeman outline the potential of biomarkers—such as cholesterol, heart pressure, and C-reactive protein—to assess and indicate the factors underlying health. Edith Chen, Hannah M. C. Schreier, and Meanne Chan reveal the empirical power of biomarkers by examining asthma, a condition steeply correlated with socioeconomic status. Their analysis shows how stress at the individual, family, and neighborhood levels can increase the incidence of asthma. The volume then turns to cognitive neuroscience, using biomarkers in a new way to examine the impact of poverty on brain development. Jamie Hanson, Nicole Hair, Amitabh Chandra, Ed Moss, Jay Bhattacharya, Seth D. Pollack, and Barbara Wolfe use a longitudinal Magnetic Resonance Imaging (MRI) study of children between the ages of four and eighteen to study the link between poverty and limited cognition among children. Michelle C. Carlson, Christopher L. Seplaki, and Teresa E. Seeman also focus on brain development to examine the role of socioeconomic status in cognitive decline among older adults. Featuring insights from the biological and social sciences, Biological Consequences of Socioeconomic Inequalities will be an essential resource for scholars interested in socioeconomic disparities and the biological imprint that material deprivation leaves on the human body.
[more]
cover of The Border Within: The Economics of Immigration in an Age of Fear

The Border Within

The Economics of Immigration in an Age of Fear

Tara Watson and Kalee Thompson

University of Chicago Press, 2021

An eye-opening analysis of the costs and effects of immigration and immigration policy, both on American life and on new Americans.

For decades, immigration has been one of the most divisive, contentious topics in American politics. And for decades, urgent calls for its policy reform have gone mostly unanswered. As the discord surrounding the modern immigration debate has intensified, border enforcement has tightened. Crossing harsher, less porous borders makes unauthorized entry to the United States a permanent, costly undertaking. And the challenges don’t end on the other side.

At once enlightening and devastating, The Border Within examines the costs and ends of America’s interior enforcement—the policies and agencies, including ICE, aimed at removing immigrants already living in the country. Economist Tara Watson and journalist Kalee Thompson pair rigorous analysis with deeply personal stories from immigrants and their families to assess immigration’s effects on every aspect of American life, from the labor force to social welfare programs to tax revenue. What emerges is a critical, utterly complete examination of what non-native Americans bring to the country, including immigration’s tendency to elevate the wages and skills of those who are native-born.

News coverage has prompted many to question the humanity of American immigration policies; The Border Within opens a conversation of whether it is effective. The United States spends billions each year on detention and deportation, all without economic gain and at a great human cost. With depth and discipline, the authors dissect the shock-and-awe policies that make up a broken, often cruel system, while illuminating the lives caught in the chaos. It is an essential work with far-reaching implications for immigrants and non-immigrants alike.
[more]
cover of The Broken Table: The Detroit Newspaper Strike and the State of American Labor

The Broken Table

The Detroit Newspaper Strike and the State of American Labor

Chris Rhomberg

Russell Sage Foundation, 2012

When the Detroit newspaper strike was settled in December 2000, it marked the end of five years of bitter and violent dispute. No fewer than six local unions, representing 2,500 employees, struck against the Detroit News, the Detroit Free Press, and their corporate owners, charging unfair labor practices. The newspapers hired permanent replacement workers and paid millions of dollars for private security and police enforcement; the unions and their supporters took their struggle to the streets by organizing a widespread circulation and advertising boycott, conducting civil disobedience, and publishing a weekly strike newspaper. In the end, unions were forced to settle contracts on management's terms, and fired strikers received no amnesty. In The Broken Table, Chris Rhomberg sees the Detroit newspaper strike as a historic collision of two opposing forces: a system in place since the New Deal governing disputes between labor and management, and decades of increasingly aggressive corporate efforts to eliminate unions. As a consequence, one of the fundamental institutions of American labor relations—the negotiation table—has been broken, Rhomberg argues, leaving the future of the collective bargaining relationship and democratic workplace governance in question. The Broken Table uses interview and archival research to explore the historical trajectory of this breakdown, its effect on workers' economic outlook, and the possibility of restoring democratic governance to the business-labor relationship. Emerging from the New Deal, the 1935 National Labor Relations Act protected the practice of collective bargaining and workers' rights to negotiate the terms and conditions of their employment by legally recognizing union representation. This system became central to the democratic workplace, where workers and management were collective stakeholders. But efforts to erode the legal protections of the NLRA began immediately, leading to a parallel track of anti-unionism that began to gain ascendancy in the 1980s. The Broken Table shows how the tension created by these two opposing forces came to a head after a series of key labor disputes over the preceding decades culminated in the Detroit newspaper strike. Detroit union leadership charged management with unfair labor practices after employers had unilaterally limited the unions' ability to bargain over compensation and work conditions. Rhomberg argues that, in the face of management claims of absolute authority, the strike was an attempt by unions to defend workers' rights and the institution of collective bargaining, and to stem the rising tide of post-1980s anti-unionism. In an era when the incidence of strikes in the United States has been drastically reduced, the 1995 Detroit newspaper strike stands out as one of the largest and longest work stoppages in the past two decades. A riveting read full of sharp analysis, The Broken Table revisits the Detroit case in order to show the ways this strike signaled the new terrain in labor-management conflict. The book raises broader questions of workplace governance and accountability that affect us all.
[more]
cover of The Business Francis Means: Understanding the Pope's Message on the Economy

The Business Francis Means

Understanding the Pope's Message on the Economy

Martin Schlag

Catholic University of America Press, 2017

Pope Francis, generally speaking, has thus far chosen to concentrate his papacy on social justice issues, as opposed to doctrinal or liturgical issues. This has led to Francis being hailed as a hero to many on the left, while it has made some conservative supporters of St. John Paul II and Pope Emeritus Benedict XVI disappointed and uncomfortable, even as they love and appreciate his person and gestures of mercy and compassion. Some find his teachings difficult to embrace, especially those concerning business and the economy. Pope Francis has spoken of building bridges as part of what it is to be Christian, but aspects of his message seem to be just constructing walls between the Holy Father and groups of the faithful.

The Business Francis Means aims to break through these walls, showing that Pope Francis has something to say to all Christians. His message, taken as a whole, keeps us from dividing the “seamless garment” of Christ: he reminds the conservatives of the problems of inequality and poverty, and the liberals that social justice is not enough – the Church is the bride of Christ, not a social institution or an NGO.

Monsignor Martin Schlag summarizes and explains the message of Pope Francis on business and the economy in this compact volume. The Business Francis Means will be of great interest to the Catholic layperson, especially one involved in political or economic life.
[more]
cover of The Cancer Stage of Capitalism: From Crisis to Cure

The Cancer Stage of Capitalism

From Crisis to Cure

John McMurtry

Pluto Press, 2013

The Cancer Stage of Capitalism is a modern classic of critical philosophy and political economy, renowned for its depth and comprehensive research. It provides a step by step diagnosis of the continuing economic collapse in the US and Europe and has had an enormous influence on new visions of economic alternatives.

John McMurtry argues that our world disorder of unending crises is the predictable result of a cancerous economic system multiplying out of all control and destroying ecological, social and organic life - a process he describes as 'global ecogenocide'. In this updated edition he explains the ‘social immune response’ required to fight the ‘macro cancer’, something which has already been shown in developments such as the Occupy movement and the democratic social transformation of Latin America.

In an official global culture increasingly destructive of life, this book shows the necessity and possibility of building a sustainable society based on a universal commitment to life and nature.

[more]
cover of The Causes and Consequences of Increasing Inequality

The Causes and Consequences of Increasing Inequality

Edited by Finis Welch

University of Chicago Press, 2001

Despite the economic boom of the 1990s, the gap between the wealthy and the poor in the United States is growing larger. While ample evidence exists to validate perceived trends in wage, income, and overall wealth disparity, there is little agreement on the causes of such inequality and what might be done to alleviate it.

This volume draws together a panel of distinguished scholars who address these issues in terms comprehensible to noneconomists. Their findings are surprising, suggesting that factors such as trade imbalances, immigration rates, and differences in educational resources do not account for recent increases in the inequality of wealth and earnings. Rather, the contributors maintain that these discrepancies can be attributed to workplace demand for high-skilled labor. They also insist that further research must examine the organization of industry in order to better understand the concurrent devaluation of manual labor.

Addressing a topic that is of considerable public interest, this collection helps move the issue of increasing economic inequality in America to the center of the public policy arena.

Contributors: Donald R. Deere, Claudia Goldin, Lawrence F. Katz, James P. Smith, Franco Peracchi, Gary Solon, Eric A. Hanushek, Julie A. Somers, Marvin H. Kosters, William Cline, Finis Welch, Angus Deaton, Charles Murray, Kevin Murphy
[more]
cover of The Changing Face of Economics: Conversations with Cutting Edge Economists

The Changing Face of Economics

Conversations with Cutting Edge Economists

David Colander, Richard P. F. Holt, and J. Barkley Rosser, Jr.

University of Michigan Press, 2004

The Changing Face of Economics gives the reader a sense of the modern economics profession and how it is changing. The volume does so with a set of nine interviews with cutting edge economists, followed by interviews with two Nobel Prize winners, Paul Samuelson and Kenneth Arrow, reflecting on the changes that are occurring. What results is a clear picture of today's economics--and it is no longer standard neoclassical economics.

The interviews and commentary together demonstrate that economics is currently undergoing a fundamental shift in method and is moving away from traditional neoclassical economics into a dynamic set of new methods and approaches. These new approaches include work in behavioral economics, experimental economics, evolutionary game theory and ecological approaches, complexity and nonlinear dynamics, methodological analysis, and agent-based modeling.

David E. Colander is Professor of Economics, Middlebury College.

J. Barkley Rosser, Jr., is Professor of Economics and Kirby L. Kramer Jr. Professor of Business Administration, James Madison University.

Richard P. F. Holt is Professor of Churchill Honors and Economics, Southern Oregon University.




[more]
cover of The Changing Frontier: Rethinking Science and Innovation Policy

The Changing Frontier

Rethinking Science and Innovation Policy

Edited by Adam B. Jaffe and Benjamin F. Jones

University of Chicago Press, 2015

In 1945, Vannevar Bush, founder of Raytheon and one-time engineering dean at MIT, delivered a report to the president of the United States that argued for the importance of public support for science, and the importance of science for the future of the nation. The report, Science: The Endless Frontier, set America on a path toward strong and well-funded institutions of science, creating an intellectual architecture that still defines scientific endeavor today.

In The Changing Frontier, Adam B. Jaffe and Benjamin Jones bring together a group of prominent scholars to consider the changes in science and innovation in the ensuing decades. The contributors take on such topics as changes in the organization of scientific research, the geography of innovation, modes of entrepreneurship, and the structure of research institutions and linkages between science and innovation. An important analysis of where science stands today, The Changing Frontier will be invaluable to practitioners and policy makers alike.
[more]
cover of The Chicago Guide to Writing about Multivariate Analysis

The Chicago Guide to Writing about Multivariate Analysis

Jane E. Miller

University of Chicago Press, 2005

Writing about multivariate analysis is a surprisingly common task. Researchers use these advanced statistical techniques to examine relationships among multiple variables, such as exercise, diet, and heart disease, or to forecast information such as future interest rates or unemployment. Many different people, from social scientists to government agencies to business professionals, depend on the results of multivariate models to inform their decisions. At the same time, many researchers have trouble communicating the purpose and findings of these models. Too often, explanations become bogged down in statistical jargon and technical details, and audiences are left struggling to make sense of both the numbers and their interpretation.

Here, Jane Miller offers much-needed help to academic researchers as well as to analysts who write for general audiences. The Chicago Guide to Writing about Multivariate Analysis brings together advanced statistical methods with good expository writing. Starting with twelve core principles for writing about numbers, Miller goes on to discuss how to use tables, charts, examples, and analogies to write a clear, compelling argument using multivariate results as evidence.

Writers will repeatedly look to this book for guidance on how to express their ideas in scientific papers, grant proposals, speeches, issue briefs, chartbooks, posters, and other documents. Communicating with multivariate models need never appear so complicated again.
[more]
cover of The Colors of Poverty: Why Racial and Ethnic Disparities Persist

The Colors of Poverty

Why Racial and Ethnic Disparities Persist

Ann Chih Lin

Russell Sage Foundation, 2008

Given the increasing diversity of the nation—particularly with respect to its growing Hispanic and Asian populations—why does racial and ethnic difference so often lead to disadvantage? In The Colors of Poverty, a multidisciplinary group of experts provides a breakthrough analysis of the complex mechanisms that connect poverty and race. The Colors of Poverty reframes the debate over the causes of minority poverty by emphasizing the cumulative effects of disadvantage in perpetuating poverty across generations. The contributors consider a kaleidoscope of factors that contribute to widening racial gaps, including education, racial discrimination, social capital, immigration, and incarceration. Michèle Lamont and Mario Small grapple with the theoretical ambiguities of existing cultural explanations for poverty disparities.  They argue that culture and structure are not competing explanations for poverty, but rather collaborate to produce disparities. Looking at how attitudes and beliefs exacerbate racial stratification, social psychologist Heather Bullock links the rise of inequality in the United States to an increase in public tolerance for disparity. She suggests that the American ethos of rugged individualism and meritocracy erodes support for antipoverty programs and reinforces the belief that people are responsible for their own poverty. Sociologists Darren Wheelock and Christopher Uggen focus on the collateral consequences of incarceration in exacerbating racial disparities and are the first to propose a link between legislation that blocks former drug felons from obtaining federal aid for higher education and the black/white educational attainment gap. Joe Soss and Sanford Schram argue that the increasingly decentralized and discretionary nature of state welfare programs allows for different treatment of racial groups, even when such policies are touted as "race-neutral." They find that states with more blacks and Hispanics on welfare rolls are consistently more likely to impose lifetime limits, caps on benefits for mothers with children, and stricter sanctions. The Colors of Poverty is a comprehensive and evocative introduction to the dynamics of race and inequality. The research in this landmark volume moves scholarship on inequality beyond a simple black-white paradigm, beyond the search for a single cause of poverty, and beyond the promise of one "magic bullet" solution. A Volume in the National Poverty Center Series on Poverty and Public Policy
[more]
cover of The Common Good of Constitutional Democracy: Essays in Political Philosophy and on Catholic Social Teaching

The Common Good of Constitutional Democracy

Essays in Political Philosophy and on Catholic Social Teaching

Martin Rhonheimer

Catholic University of America Press, 2013

The Common Good of Constitutional Democracy offers a rich collection of essays in political philosophy by Swiss philosopher Martin Rhonheimer. Like his other books in both ethical theory and applied ethics, which have recently been published in English, the essays included are distinguished by the philosophical rigor and meticulous attention to the primary and secondary literature of the various topics discussed
[more]
cover of The Constitution of Liberty: The Definitive Edition

The Constitution of Liberty

The Definitive Edition

F. A. Hayek

University of Chicago Press, 2011

From the $700 billion bailout of the banking industry to president Barack Obama’s $787 billion stimulus package to the highly controversial passage of federal health-care reform, conservatives and concerned citizens alike have grown increasingly fearful of big government. Enter Nobel Prize–winning economist and political theorist F. A. Hayek, whose passionate warning against empowering states with greater economic control, The Road to Serfdom, became an overnight sensation last summer when it was endorsed by Glenn Beck. The book has since sold over 150,000 copies.

The latest entry in the University of Chicago Press’s series of newly edited editions of Hayek’s works, The Constitution of Liberty is, like Serfdom, just as relevant to our present moment. The book is considered Hayek’s classic statement on the ideals of freedom and liberty, ideals that he believes have guided—and must continue to guide—the growth of Western civilization. Here Hayek defends the principles of a free society, casting a skeptical eye on the growth of the welfare state and examining the challenges to freedom posed by an ever expanding government—as well as its corrosive effect on the creation, preservation, and utilization of knowledge. In opposition to those who call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty.

           

Striking a balance between skepticism and hope, Hayek’s profound insights are timelier and more welcome than ever before. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from his enduring wisdom.

 
[more]
cover of The Conundrum of Russian Capitalism: The Post-Soviet Economy in the World System

The Conundrum of Russian Capitalism

The Post-Soviet Economy in the World System

Ruslan Dzarasov

Pluto Press, 2013

The Conundrum of Russian Capitalism looks at the nature of Russian capitalism following the fall of the Soviet Union, showing how the system originated in the degenerated Soviet bureaucracy and the pressures of global capital. Ruslan Dzarasov provides a detailed analysis of Russian corporate governance, labour practices and investment strategies.

By comparing the practices of Russian companies to the typical models of corporate governance and investment behaviour of big firms in the West, Dzarasov sheds light on the relationship between the core and periphery of the capitalist world-system.

This groundbreaking study shows that Russia's new capitalism is not a break with the country's Stalinist past, but in fact the continuation of that tradition.

[more]
cover of The Costs and Benefits of Price Stability

The Costs and Benefits of Price Stability

Edited by Martin Feldstein

University of Chicago Press, 1999

In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability?

In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.

[more]
cover of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives

The Cult of Statistical Significance

How the Standard Error Costs Us Jobs, Justice, and Lives

Stephen T. Ziliak and Deirdre N. McCloskey

University of Michigan Press, 2010

“McCloskey and Ziliak have been pushing this very elementary, very correct, very important argument through several articles over several years and for reasons I cannot fathom it is still resisted. If it takes a book to get it across, I hope this book will do it. It ought to.”

—Thomas Schelling, Distinguished University Professor, School of Public Policy, University of Maryland, and 2005 Nobel Prize Laureate in Economics

“With humor, insight, piercing logic and a nod to history, Ziliak and McCloskey show how economists—and other scientists—suffer from a mass delusion about statistical analysis. The quest for statistical significance that pervades science today is a deeply flawed substitute for thoughtful analysis. . . . Yet few participants in the scientific bureaucracy have been willing to admit what Ziliak and McCloskey make clear: the emperor has no clothes.”

—Kenneth Rothman, Professor of Epidemiology, Boston University School of Health

The Cult of Statistical Significance shows, field by field, how “statistical significance,” a technique that dominates many sciences, has been a huge mistake. The authors find that researchers in a broad spectrum of fields, from agronomy to zoology, employ “testing” that doesn’t test and “estimating” that doesn’t estimate. The facts will startle the outside reader: how could a group of brilliant scientists wander so far from scientific magnitudes? This study will encourage scientists who want to know how to get the statistical sciences back on track and fulfill their quantitative promise. The book shows for the first time how wide the disaster is, and how bad for science, and it traces the problem to its historical, sociological, and philosophical roots.

Stephen T. Ziliak is the author or editor of many articles and two books. He currently lives in Chicago, where he is Professor of Economics at Roosevelt University. Deirdre N. McCloskey, Distinguished Professor of Economics, History, English, and Communication at the University of Illinois at Chicago, is the author of twenty books and three hundred scholarly articles. She has held Guggenheim and National Humanities Fellowships. She is best known for How to Be Human* Though an Economist (University of Michigan Press, 2000) and her most recent book, The Bourgeois Virtues: Ethics for an Age of Commerce (2006).

[more]
cover of The Death of Homo Economicus: Work, Debt and the Myth of Endless Accumulation

The Death of Homo Economicus

Work, Debt and the Myth of Endless Accumulation

Peter Fleming

Pluto Press, 2017

For neoclassical economists, Homo economicus, or economic human, represents the ideal employee: an energetic worker bee that is a rational yet competitive decision-maker. Alternatively, one could view the concept as a cold and selfish workaholic endlessly seeking the accumulation of money and advancement—a chilling representation of capitalism. Or perhaps, as Peter Fleming argues, Homo economicus does not actually exist at all.
 
In The Death of Homo Economicus, Fleming presents this controversial claim with the same fierce logic and perception that launched his Guardian column into popularity. Fleming argues that as an invented model of a human being, Homo economicus is, in reality, a tool used by economists and capitalists to manage our social world through the state, business, and even family. As workers, we are barraged with constant reminders that we should always strive toward this ideal persona. It’s implied—and sometimes directly stated—that if we don’t then we are failures. Ironically, the people most often encouraged to emulate this model are those most predisposed to fail due to their socioeconomic circumstances: the poor, the unemployed, students, and prisoners.
 
Fleming illuminates why a peculiar proactive negativity now marks everyday life in capitalist societies, and he explores how this warped, unattainable model for workers would cause chaos if enacted to the letter. Timely and revelatory, The Death of Homo Economicus offers a sharp, scathing critique of who we are supposed to be in the workplace and beyond.
 
[more]
cover of The Declining Significance of Gender?

The Declining Significance of Gender?

Francine D. Blau

Russell Sage Foundation, 2006

The last half-century has witnessed substantial change in the opportunities and rewards available to men and women in the workplace. While the gender pay gap narrowed and female labor force participation rose dramatically in recent decades, some dimensions of gender inequality—most notably the division of labor in the family—have been more resistant to change, or have changed more slowly in recent years than in the past. These trends suggest that one of two possible futures could lie ahead: an optimistic scenario in which gender inequalities continue to erode, or a pessimistic scenario where contemporary institutional arrangements persevere and the gender revolution stalls. In The Declining Significance of Gender?, editors Francine Blau, Mary Brinton, and David Grusky bring together top gender scholars in sociology and economics to make sense of the recent changes in gender inequality, and to judge whether the optimistic or pessimistic view better depicts the prospects and bottlenecks that lie ahead. It examines the economic, organizational, political, and cultural forces that have changed the status of women and men in the labor market. The contributors examine the economic assumption that discrimination in hiring is economically inefficient and will be weeded out eventually by market competition. They explore the effect that family-family organizational policies have had in drawing women into the workplace and giving them even footing in the organizational hierarchy. Several chapters ask whether political interventions might reduce or increase gender inequality, and others discuss whether a social ethos favoring egalitarianism is working to overcome generations of discriminatory treatment against women. Although there is much rhetoric about the future of gender inequality, The Declining Significance of Gender? provides a sustained attempt to consider analytically the forces that are shaping the gender revolution. Its wide-ranging analysis of contemporary gender disparities will stimulate readers to think more deeply and in new ways about the extent to which gender remains a major fault line of inequality.
[more]
cover of The Design and Implementation of US Climate Policy

The Design and Implementation of US Climate Policy

Edited by Don Fullerton and Catherine D. Wolfram

University of Chicago Press, 2012

Economic research on climate change has been crucial in advancing our understanding of the consequences associated with global warming as well as the costs and benefits of the various policies that might reduce emissions of greenhouse gases. As nations work to develop climate policies, economic insights into their design and implementation are ever more important.
 
With a balance between theoretical and empirical approaches, The Design and Implementation of US Climate Policy looks at the possible effects of various climate policies on a range of economic outcomes. The studies that comprise the volume examine topics that include the coordination—or lack thereof—between the federal and state governments, implications of monitoring and enforcing climate policy, and the specific consequences of various climate policies for the agricultural, automotive, and buildings sectors.
[more]
cover of The Dignity of Commerce: Markets and the Moral Foundations of Contract Law

The Dignity of Commerce

Markets and the Moral Foundations of Contract Law

Nathan B. Oman

University of Chicago Press, 2016

Why should the law care about enforcing contracts? We tend to think of a contract as the legal embodiment of a moral obligation to keep a promise. When two parties enter into a transaction, they are obligated as moral beings to play out the transaction in the way that both parties expect. But this overlooks a broader understanding of the moral possibilities of the market. Just as Shakespeare’s Shylock can stand on his contract with Antonio not because Antonio is bound by honor but because the enforcement of contracts is seen as important to maintaining a kind of social arrangement, today’s contracts serve a fundamental role in the functioning of society.

With The Dignity of Commerce, Nathan B. Oman argues persuasively that well-functioning markets are morally desirable in and of themselves and thus a fit object of protection through contract law. Markets, Oman shows, are about more than simple economic efficiency. To do business with others, we must demonstrate understanding of and satisfy their needs. This ability to see the world from another’s point of view inculcates key virtues that support a liberal society. Markets also provide a context in which people can peacefully cooperate in the absence of political, religious, or ideological agreement. Finally, the material prosperity generated by commerce has an ameliorative effect on a host of social ills, from racial discrimination to environmental destruction.

The first book to place the moral status of the market at the center of the justification for contract law, The Dignity of Commerce is sure to elicit serious discussion about this central area of legal studies.
 
[more]
cover of The Economic Approach to Human Behavior

The Economic Approach to Human Behavior

Gary S. Becker

University of Chicago Press, 1976

Since his pioneering application of economic analysis to racial discrimination, Gary S. Becker has shown that an economic approach can provide a unified framework for understanding all human behavior. In a highly readable selection of essays Becker applies this approach to various aspects of human activity, including social interactions; crime and punishment; marriage, fertility, and the family; and "irrational" behavior.

"Becker's highly regarded work in economics is most notable in the imaginative application of 'the economic approach' to a surprising breadth of human activity. Becker's essays over the years have inevitably inspired a surge of research activity in testimony to the richness of his insights into human activities lying 'outside' the traditionally conceived economic markets. Perhaps no economist in our time has contributed more to expanding the area of interest to economists than Becker, and a number of these thought-provoking essays are collected in this book."—Choice

Gary Becker was awarded the Nobel Prize in Economic Science in 1992.
[more]
cover of The Economic Approach: Unpublished Writings of Gary S. Becker

The Economic Approach

Unpublished Writings of Gary S. Becker

Gary S. Becker

University of Chicago Press, 2023

Now in paperback, a revealing collection from the intellectual titan whose work shaped the modern world.

As an economist and public intellectual, Gary S. Becker was a giant. The recipient of a Nobel Prize, a John Bates Clark Medal, and a Presidential Medal of Freedom, Becker is widely regarded as the greatest microeconomist in history.

After forty years at the University of Chicago, Becker left a slew of unpublished writings that used an economic approach to human behavior, analyzing such topics as preference formation, rational indoctrination, income inequality, drugs and addiction, and the economics of family.

These papers unveil the process and personality—direct, critical, curious—that made him a beloved figure in his field and beyond. The Economic Approach examines these extant works as a capstone to the Becker oeuvre—not because the works are perfect, but because they offer an illuminating, instructive glimpse into the machinations of an economist who wasn’t motivated by publications. Here, and throughout his works, an inquisitive spirit remains remarkable and forever resonant.

[more]
cover of The Economic Consequences of Demographic Change in East Asia

The Economic Consequences of Demographic Change in East Asia

Edited by Takatoshi Ito and Andrew K. Rose

University of Chicago Press, 2010

Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region.

The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.

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