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First published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world’s leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. The author carefully distinguishes the various meanings of the terms political economy, normative economics, welfare economics and allocative economics. He considers the standard allocation rules and the crucial concepts of consumer surplus and rent, which are so important to cost-benefit analysis, while then going on to resolve the paradoxes of the efficiency criterion. Lastly, Professor Mishan assesses both the social worth of radical conservatism, which is associated with the Chicago School of Economics, and the relevance of the modern theory of welfare economics to social welfare.
This study, first published in 1986, provides a systematic account of the processes and structure of class formation in the major advanced capitalist societies. The focus is on the organizational mechanisms of class cohesion and division, theoretically deriving from a neo-Marxian perspective. Chapters consider the organization and structure of the ‘corporate ruling class’, the middle class and the working class, and are brought together in an overarching analysis of the organization of class in relation to the state and the economy. This title will be of particular interest to students researching the impact of recession on societal structure and the processes of political class struggle, as well as those with a more general interest in the socio-economic theories of Marx, Engels and Weber.
Marx’s Capital has of course been widely read; this revival of a systematic study by Geoffrey Pilling, originally published in 1980, argues powerfully that, in order to understand Capital fully, it is necessary to have read and understood Hegel’s Logic. This argument leads to a detailed examination of the opening chapters of Capital, and a re-examination of their significance for the work as a whole. Pilling emphasizes the fundamental nature of the break between Marx’s Capital and all forms of classical political economy, and stresses the revolutionary nature of Marx’s critique of political economy as one of the foundations of Capital. He also lays particular emphasis on the philosophical aspects of the work, so often neglected by British commentators, and puts forward the view that Marx’s notion of fetishism, often looked upon as incidental to his work, is in fact central to his entire critique of political economy.
The articles in this edited collection, first published in 1985, consider the competing theories of the nature of development and underdevelopment in Southeast Asia. Each chapter challenges the academic orthodoxies and dominant traditions of Southeast Asian studies, particularly in relation to orientalist history, behaviourist political science and development economics. Overall, the contributions offer an alternative framework for analysis, which considers the structural changes to the political economy of Southeast Asia, as well as the relationship between the state, economy and class at a domestic level. This is a fascinating collection, of value to students and academics with an interest in Southeast Asian politics, economics and history.
The Political Economy of Africa addresses the real possibilities for African development in the coming decades when seen in the light of the continent’s economic performance over the last half-century. This involves an effort to emancipate our thinking from the grip of western economic models that have often ignored Africa’s diversity in their rush to peddle simple nostrums of dubious merit. The book addresses the seemingly intractable economic problems of the African continent, and traces their origins. It also brings out the instances of successful economic change, and the possibilities for economic revival and renewal. As well as surveying the variety of contemporary situations, the text will provide readers with a firm grasp of the historical background to the topic. It explores issues such as: employment and poverty social policy and security structural adjustment programs and neo-liberal globalization majority rule and democratization taxation and resource mobilization. It contains a selection of country specific case studies from a range of international contributors, many of whom have lived and worked in Africa. The book will be of particular interest to higher level students in political economy, development studies, area studies (Africa) and economics in general.
This important survey, first published in 1981, presents some different and often contending perceptions of the problem of surplus capacity as it re-emerged in the world of the 1980s – an economic climate with many parallels to the current era. Susan Strange and Roger Tooze deliberately assembled writers of many different nationalities, professional backgrounds and ideological convictions and asked them to make the case for their version of the problem. Some even doubt if there really is much of a problem at all. Others see it as fundamentally political, or monetary; as inherent in the capitalist system, or as the product of short-sighted pressure groups and perverse politicians. To help readers judge for themselves, there are specialist contributions on surplus capacity as it has shown up in different sectors of the world economy – shipbuilding, textiles, steel, petrochemicals, insurance and banking – and on the responses of different actors in the international system, including the European Community and multinational corporations.
First published in 1998, this volume examines the ‘economic miracle’ of Taiwan’s remarkable transition from poverty to one of the world’s most affluent economies, ten years after its emergence from martial law. Gerald A. McBeath explores Taiwan from its time as a country barely recovered from Japanese occupation and wartime damage to a nation filled with new office buildings and skyscrapers where few think twice about frequenting expensive restaurants. Beginning with the State of Taiwan between 1945 and 1986, McBeath progresses through the transformation of the Party-State, the changing status of economic interests, policy-making in the democratic era and Taiwan’s internationalisation campaigns.
First published in English 1929, this is a reissue of the nineteenth edition of Othmar Spann's classic history of economic thought, which is strongly influenced by the German Romantic tradition. Spann intended the work to serve as both history of economic thought and a critique of the main theories and systems of political economy, analysing the basic problems of economics in the light of the evolution of economic theory. His study encapsulates everything from pre-mercantile economics through to the political economy of the early twentieth century, encompassing such diverse subjects as the physiocratic system, the development of German political economy and the evolution of socialism.