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James Mill was the consummate utilitarian economist and theorist: his numerous intellectual interests and practical pursuits shatter the net boundaries of modern specialist scholarship in social science.Mill's many-sided genius was primarily a product of the age in which he lived. The late eighteenth and early nineteenth centuries saw a remarkable flowering of intellectual genius in Scotland in all of the arts and sciences, which gave the country a leading place in the broad European movement known as the Enlightenment, Mill being in fact only one of many brilliant men Scotland produced at that time.Mill's writings in this volume, first published in 1966, cover his development as an economist and are an attempt to assess his contribution to classic political economy. Particular attention is paid to the formative but less well-known pre-Benthamite period of his life. The volume opens with a substantial biographical assessment of Mill's life and work. The selections are specifically divided into four groups consisting of: early economic writings (""An Essay of the Impolicy of a Bounty on the Exportation of Grain,"" ""Commerce Defended,"" and ""Smith on Money and Exchange""); James Mill and David Ricardo (""Elements of Political Economy""); Mill on scope and method (""Whether Political Economy is Useful""); and Mill and India (""History of British India""). Donald Winch provides an introduction to each section that contextualizes the essays in Mill's own work and the economic thought of the time.James Mill: Selected Economic Writings is sure to be of interest to students of economic theory and social policy. One of the founders of utilitarianism, he adopted that doctrine to both British conditions and Britain's broader imperial pursuits.Donald Winch is professor of economics at the University of Sussex. He has authored and edited many books and papers on economics, economic theory, economic policy and economic history.
Few figures are more crucial to understanding the upheavals of our contemporary era than Karl Polanyi. In a world riven by social and economic crises, from rising inequality to the decay of democratic institutions and profound technological disruption, Polanyi’s path-breaking account of the dynamics of market capitalism and his defence of society and nature against the dangerous tendencies of the market capitalist system are more relevant than ever. This book brings together Polanyi’s most important articles and essays to give a unique selection of his essential shorter writings, mixing classic texts with significant but previously little-known pieces. It highlights the coherence and richness of Polanyi’s theoretical and political approach, making it indispensable for understanding his overarching intellectual contribution. The volume includes his interwar writings, which deal with the world economic crisis and the socialist alternative to conservative and fascist developments; his reflection on political theory and the international situation after the war; and his comparative studies of economic institutions. Polanyi’s political writings are complemented and supported by the critique of economic determinism and what he termed ‘our obsolete market mentality’. This book is an invaluable companion to Polanyi’s masterpiece, The Great Transformation, and an essential resource for students and scholars of political economy, sociology, history and political philosophy.
This 1987 book brings together the series of papers Kalecki wrote on economic planning.
This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."
Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the
'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.
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