In The Theory of Value, Capital and Interest, Branko Horvat puts forward a new economic theory, relevant to real-world economics. This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.
In terms of economics, the twenty-first century promises to be one of experiments and mixed economies that display features of both a private enterprise market and an intrusive government sector. To fully understand this coming trend, William Hixson presents this study of the U.S. economy since World War I and its experiments with mixed economics. Hixson describes how the largely laissez-faire economy prior to 1929 was so structured to make a crisis of illiquidity and overindebtedness inevitable, and how the mixed economy that has prevailed since World War II is structured to result in a similar crisis. His work challenges the generally accepted views of both U.S. and Marxist economists. Following a brief introduction that outlines Hixson's approach and theoretical framework, the book begins with a seven-chapter study of the basic operating principles and procedures of a laissez faire economy. The next three chapters examine the Great Crash of 1929 and how it was a predictable outcome of the U.S. economy's operation in a laissez-faire mode. A set of four chapters then analyze the emergence of the government sector as an increasingly significant factor, and the evolution and institutionalization of mixed economy. The last set of chapters considers the past four decades of a mixed economy and why it lacks long-term viability, while the concluding two chapters suggest changes in operating principles and financial practices to make the mixed economy a viable one. This work will be a valuable resource for professionals involved in all types of financial and investing fields, as well as for students and scholars of economics and national economies.
The theory of interest is one of the most controversial areas in economic theory. In "Keynes' General Theory of Interest," Fiona Maclachlan revives Keynes' largely discredited liquidity preference of interest theory, providing an original and rigorously reasoned restatement of it. Drawing inspiration from Keynes' original thoughts, she offers a reformulation of this crucial theory to allow more precise definitions of liquidity and liquidity preference.
Each book in this series presents a different easy-to-make craft activity to complete at school or home. Using simple text and step-by-step instructions alongside clear, labelled photographs, this book shows how to make artificial roses and poppies out of a selection of different household materials.
Bill McSweeney addresses the central problem of international relations - security - and constructs a novel framework for its analysis. He argues for the unity of the interpersonal, societal and international levels of human behaviour and outlines a concept of security which more adequately reflects the complexity and ambiguity of the topic. This book introduces an alternative way of theorizing the international order, within which the idea of security takes on a broader range of meaning, inviting a more critical and interpretative approach to understanding the concept and formulating security policy. The recent shift to sociology in international relations theory has not as yet realized its critical potential for the study of security. Drawing on contemporary trends in social theory, Dr McSweeney argues that human agency and moral choice are inherent features of the construction of the social and thus international order, and hence of our conception of security and security policy.
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