This chapter delineates an evolutionary approach to the comparative analysis of economic systems and illustrates its usefulness via an exemplary application to recent developments in the European Union. The first part of the chapter describes the meta-theoretical foundations of the approach, i.e. its particular ontological and epistemological vantage points. This allows for an easier comparison…
This chapter delineates an evolutionary approach to the comparative analysis of economic systems and illustrates its usefulness via an exemplary application to recent developments in the European Union. The first part of the chapter describes the meta-theoretical foundations of the approach, i.e. its particular ontological and epistemological vantage points. This allows for an easier comparison…
Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, …
"Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, …
The 'end of history' has not taken place. Ideological and economic crisis and the status quo of neoliberal capitalism since 2008 demand a renewed engagement with Marx. But if we are to effectively resist capitalism we must truly understand Marx: Marxism today must theorise how communication technologies, media representation and digitalisation have come to define contemporary capitalism. There …