A new edition of the classic work on the economic tools of foreign policy Today's complex and dangerous world demands a complete understanding of all the techniques of statecraft, not just military ones. David Baldwin's Economic Statecraft presents an analytic framework for evaluating such techniques and uses it to challenge the notion that economic instruments of foreign policy do not work. Integrating insights from economics, political science, psychology, philosophy, history, law, and sociology, this bold and provocative book explains not only the utility of economic statecraft but also its morality, legality, and role in the history of international thought. Economic Statecraft is a landmark work that has fundamentally redefined how nations evaluate crucial choices of war and peace. Now with a substantial new preface by the author and an afterword by esteemed foreign-policy expert Ethan Kapstein, this new edition introduces today's generation of readers to the principles and applications of economic statecraft.
This book reviews James Meade's prolific contribution to economics and its lasting impact. Few economists have written so much and on so many different topics. Meade was awarded the Nobel Prize in Economics in 1977 (jointly with Bertil Ohlin) for his contribution to international economics, but could just as easily have been awarded this for his contribution to the economics and politics of the managed economy. His commitment to the middle ground, neither free market nor command, runs through the whole of his published work, from Planning and the Price Mechanism in the shadow of post-war rationing to The Intelligent Radical’s Guide to Economic Policy and Full Employment Regained? when inflation combined with stagnation reopened the debate between the monetarists and the Keynesians. Meade was active in politics, most prominently in the debates in the 1960s about the European Economic Community and in the 1980s on the formation of Britain’s Social Democratic Party. As a person, he can best be described as a cultured Englishman, quiet and open, much in the mould of Coase, Mirrlees or Hicks. This book draws upon the whole of Meade’s published work. It incorporates insights from unpublished papers and surviving correspondence kept at the London School of Economics and Political Science as well as interviews with family members and associates. The book will be of interest to economists but also to the students of politics and philosophy that Meade himself would have wanted to reach.
What happened to the culture of common law and English barristers in the long eighteenth century? In this wide-ranging sequel to Gentlemen and Barristers: The Inns of Court and the English Bar, 1680-1730, David Lemmings not only anatomizes the barristers and their world; he also explores the popular reputation and self-image of the law and lawyers in the context of declining popular participation in litigation, increased parliamentary legislation, and the growth of the imperial state. He shows how the bar survived and prospered in a century of low recruitment and declining work, but failed to fulfil the expectations of an age of Enlightenment and Reform. By contrast with the important role played by the common law, and lawyers, in seventeenth-century England and in colonial America, it appears that the culture and services of the barristers became marginalized as the courts concentrated on elite clients, and parliament became the primary point of contact between government and population. In his conclusion the author suggests that the failure of the bar and the judiciary to follow Blackstones mid-century recommendations for reforming legal culture and delivering the Englishmans birthrights significantly assisted the growth of parliamentary absolutism in government.
There have been many remarkable women who served British Intelligence during the Second World War. One whose dubious claim to have worked for them is a fascinating tale involving three marriages – the first, to a spurious White Russian prince; the second to a playboy-turned-criminal involved in a major jewellery robbery in the heart of London’s Mayfair in the late 1930s. After the war she became romantically involved with a well-known British Fascist, but finally married another notorious criminal whom she had met earlier during the war. The descriptions variously ascribed to her ranged from ‘remarkable’ and ‘quite ravishing’ to ‘...a woman whose loose living would make her an object of shame on any farm-yard’. Until now, very little has been recorded about Stella Lonsdale’s life. She doesn’t even merit a mention in the two official histories of MI5, even though she managed to tie them up in knots for years. This book will explore the role this strange woman may or may not have played in working for British Intelligence, the French Deuxième Bureau, or the Abwehr – German military intelligence – during the Second World War, using her MI5 files as a primary source.
The emergence of citizenship, some 4,000 years ago, was a hinge moment in human history. Instead of the reign of blood descent, questions regarding who rules and who belongs were opened up. Yet purportedly primordial categories, such as sex and race, have constrained the emergence of a truly civic polity ever since. Untying this paradox is essential to overcoming the crisis afflicting contemporary democracies. Why does citizenship emerge, historically, and why does it maintain traction, even if in compromised forms? How can citizenship and democracy be revived? Learning from history and building on emerging social and political developments, David Jacobson and Manlio Cinalli provide the foundations for citizenship's third revolution. Citizenship: The Third Revolution considers three revolutionary periods for citizenship, from the ancient and classical worlds; to the flourishing of guilds and city republics from 1,000 CE; and to the unfinished revolution of human rights from the post-World War II period. Through historical enquiry, this book reveals the underlying principles of citizenship-and its radical promise. Jacobson and Cinalli demonstrate how the effective functioning of citizenship depends on human connections that are relational and non-contractual, not transactional. They illustrate how rights, paradoxically, can undermine as well as reinforce civic society. Looking forward, the book documents the emerging foundations of a "21st century guild" as a basis for repairing our democracies. The outcome of this scholarship is an innovative re-conceptualization of core ideas to engender more authentic civic collectivities.
How modern economics abandoned classical liberalism and lost its way Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman’s prediction has not come true. In Where Economics Went Wrong, David Colander and Craig Freedman argue that it never will. Why? Because economic policy, when done correctly, is an art and a craft. It is not, and cannot be, a science. The authors explain why classical liberal economists understood this essential difference, why modern economists abandoned it, and why now is the time for the profession to return to its classical liberal roots. Carefully distinguishing policy from science and theory, classical liberal economists emphasized values and context, treating economic policy analysis as a moral science where a dialogue of sensibilities and judgments allowed for the same scientific basis to arrive at a variety of policy recommendations. Using the University of Chicago—one of the last bastions of classical liberal economics—as a case study, Colander and Freedman examine how both the MIT and Chicago variants of modern economics eschewed classical liberalism in their attempt to make economic policy analysis a science. By examining the way in which the discipline managed to lose its bearings, the authors delve into such issues as the development of welfare economics in relation to economic science, alternative voices within the Chicago School, and exactly how Friedman got it wrong. Contending that the division between science and prescription needs to be restored, Where Economics Went Wrong makes the case for a more nuanced and self-aware policy analysis by economists.
Memoirs" was one of several works written by David Rockefeller in his lifetime and was published in 2002. This work is a powerful and revealing autobiography in which Rockefeller narrates his journey as a businessman and philanthropist, offering an intimate and profound view of his life and the economic and social conditions of the United States throughout the 20th century. Over time, various biographies have been written and continue to be written about this iconic magnate and philanthropist, with increasing quality and scope. However, to understand the thoughts and character of a real person, there is nothing better than hearing the story with all its circumstances, mistakes, and successes told by the one who lived it firsthand. This is the purpose of David Rockefeller's autobiography. To bring to the public the determined and visionary man who, through his perseverance and intelligence, became one of the most influential figures in the world of business and philanthropy. This work is part of the "Voices of America Autobiographies" collection, which aims to highlight the life stories of important figures in American history, told by themselves.
This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great Depression. The unduly neglected monetary theory of Hawtrey is examined in the context of his contemporaries Keynes and Hayek and the subsequent contributions of Friedman and of the Monetary Approach to the Balance of Payments. Studies in the History of Monetary Theory aims to highlight the misunderstandings of the quantity theory and the price-specie-flow mechanism and to explain their unfortunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy.
This book is about the transformation of England’s trade and government finances in the mid-seventeenth century, a revolution that destroyed Ireland. In 1642 a small group of merchants, the ‘Adventurers for Irish land’, raised an army to conquer Ireland but sent it instead to fight for parliament in England. Meeting secretly at Grocers Hall in London from 1642 to 1660, they laid the foundations of England’s empire and modern fiscal state. But a dispute over their Irish land entitlements led them to reject Cromwell’s Protectorate and plot to restore the monarchy. This is the first book to chart the relentless rise of the Adventurers and their profound political influence. It is essential reading for students of Britain and Ireland in the mid-seventeenth century, the origins of England’s empire and the Cromwellian land settlement.
This book combines elements of economic and business history to study business ethics from the nineteenth century to today. It concentrates on American and British business history, delving into issues such as slavery, industrialization, firm behavior and monopolies, and Ponzi schemes. This book draws on the work of economists and historians to highlight the importance of changing technologies, religious beliefs, and cultural attitudes, showing that what is considered ethical differs across time and place.
Secret Cirencester explores the lesser-known history of the town of Cirencester through a fascinating selection of stories, unusual facts and attractive photographs.
Adam Smith, asserting the common humanity of the street porter and the philosopher, articulated the classical economists' model of social interactions as exchanges among equals. This model had largely fallen out of favor until, recently, a number of scholars in the avant-garde of economic thought rediscovered it and rechristened it "analytical egalitarianism." In this volume, Sandra J. Peart and David M. Levy bring together an impressive array of authors to explore the ramifications of this analytical ideal and to discuss the ways in which an egalitarian theory of individuality can enable economists to reconcile ideas from opposite ends of the political spectrum. "The analytical egalitarianism project that Peart and Levy have advanced has come to occupy a prominent place in the current agenda of historians of economic thought." ---Ross Emmett, Associate Professor of Economics and Co-Director of the Michigan Center for Innovation and Economic Prosperity, Michigan State University "These essays and dialogs from the Summer Institute would make Adam Smith, economist and moral philosopher, proud." ---J. Daniel Hammond, Hultquist Family Professor of Economics, Wake Forest University With essays by: James M. Buchanan, Alfred Nobel Memorial Prize in Economic Sciences recipient (1985) and Professor Emeritus, George Mason University and Virginia Polytechnic and State University Juan Pablo Couyoumdijian, Universidad del Desearrollo, Chile Tyler Cowen, George Mason University Eric Crampton, University of Canterbury, New Zealand Andrew Farrant, Dickinson College Samuel Hollander, Professor Emeritus, University of Toronto M. Ali Khan, Johns Hopkins University Thomas Leonard, Princeton University Deirdre McCloskey, University of Illinois, Chicago Leonidas Montes, Dean of School of Government, Universidad Adolfo Ibañez, Chile Maria Pia Paganelli, Yeshiva University and New York University Warren J. Samuels, Professor Emeritus, Michigan State University Eric Schliesser, VENI post-doctoral research fellow, Leiden University, and University of Amsterdam Gordon Tullock, George Mason University Sandra J. Peart is Dean of the Jepson School of Leadership Studies, University of Richmond, Virginia. David M. Levy is Professor of Economics at George Mason University (GMU) and Research Associate at the Center for Study of Public Choice at GMU. They are Co-Directors of George Mason University's Summer Institute for the Preservation of the History of Economics.
This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
Most of the existing textbooks on international economics - a widely taught and ighly popular subject - are long and too detailed and advanced for many students. This book, first published in 1983, and written by a respected leading authority, presents the essentials of the topic in a simple and straightforward way. The book contains the minimum of algebra and avoids detailed proofs. It incorporates the most recent theoretical advances and discusses current issues in comercial policy. Moreover, it puts less emphasis than other textbooks on trade theory and more on balance of payments theory and on questions of international finance and international finance anf international monetarism which are the areas of current concern.
BONUS: This edition contains a The Devil's Company discussion guide. From the acclaimed and bestselling author of The Whiskey Rebels and A Conspiracy of Papercomes a stunning new thriller set in the splendor and squalor of eighteenth-century London. The year is 1722. Ruffian for hire and master of disguise Benjamin Weaver finds himself pitted against a mysterious mastermind who holds the lives of Weaver’s friends in the balance. To protect the people he loves, Weaver must stage a daring robbery from the headquarters of the ruthless British East India Company, but this theft is only the opening move in a dangerous game of secret plots, corporate rivals, and foreign spies. With the security of the nation—and the lives of those he loves—in the balance, Weaver must navigate a labyrinth of political greed and corporate treachery. Explosive action and utterly vivid period detail are the hallmarks of an author who continues to set the bar ever higher for historical suspense.
Now in its fourth edition, this best-selling reader in international political economy offers 31 solid articles - 15 new - by renowned scholars in political science and economics. Frieden and Lake have edited and introduced each reading with care to ensure its accessibility to students who are new to the subject. This reader continues to offer a provocative look at the postive and negative impacts of globalization.
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.
The new edition of the highly respected Researching Communications is a comprehensive and authoritative guide to researching media and communication. Researching Communications, Third Edition is an invaluable guide to performing and analysing research tasks, introducing the major research methods, giving detailed examples of research analysis and practical step-by-step guidance in clear language. Written by highly regarded experts in the field, the third edition includes new sections on social media analysis, digital research methods and comparative research, as well as updated case studies, international examples and details of recent developments in media and communication studies. Undergraduate and postgraduate media and communication students will find Researching Communications an invaluable resource at all stages of their course.
The effort to establish economic, political, arid monetary integration in Europe is one of the great dramas of our time, and the implications of its success or failure are enormous for the rest of the world. In this volume distinguished economists and political scientists address the wide-ranging set of issues confronting the nations of Europe and explore the implications of the European experience for regional integration elsewhere. The distinguished contributors of this volume address an impressively broad range of issues, including the influence of Europe's troubled history since the 1930s, the performance of preferential trade arrangements and their impact on multilateral institutions such as the GATT, the particular impact of monetary integration, and the significance of all these developments for the political future of Europe. The Challenge of European Integration is a key document in the interpretation and understanding of current developments in Europe. It is required reading not just for economists and political scientists but for any student of contemporary Europe and of the emerging system of global trade and finance.
Economics is business and politics is power. In this insightful book, David Reisman explores the interaction between authority and exchange in a global village where individual nation states – once the pinnacle of political organization – increasingly depend on each other for their material well-being.
At Times I've Felt Like Job: A Story of 'Choices' is entitled as such, because just like Job in the Bible, I was blessed numerous times as a young person. At the same time, I also experienced a great deal of suffering, still my faith has never wavered! I only really wish I could say the same about the rest of society, since it seems too many have left the church, and abandoned many of the lessons they were taught as a little child - wishing to live only for the moment. Well, this book - and the others that follow, are attempts to get people to right their wrongs, and return to the desired pathway that will lead them Homeward.
This book combines elements of economic and business history to study business ethics from antiquity to the nineteenth century. This book begins with so-called primitive people, showing how humans began to exchange goods and commodities from trade as a way to keep peace and prosper. The ancients considered the value and ethics of business, and many of their reflections influenced medieval Catholic thinkers and business participants. Protestants elevated working and profit-making to the respectable and virtuous, and some groups, such as Quakers, came to exemplify good business ethics. This book draws on the work of economists and historians to highlight the importance of changing technologies, religious beliefs, and cultural attitudes, showing that what is considered ethical differs across time and place.
Originally published in 1955, Eugene Rotwein's collection of David Hume's economic writings has become the criterion by which to measure studies of Hume's thinking on economics. Rotwein, in his extended introduction, masterfully examines the connection between Hume's various writings—economic, political, philosophical, and historical. This edition is graced with a new introduction by Margaret Schabas. Hume belonged to the same generation as that of his friend and fellow countryman Adam Smith. Hume's writings on economics, however, unlike those of Smith's, comprise a relatively small portion of his published works. They consist of nine of twelve essays in his Political Discourses, first published in 1752, and a rather small number of passages in Hume's private letters to such correspondents as Smith, Montesquieu, Turgot, and Oswald. They were all brought together here for the first time in a single volume. These writings sought to clarify the various problems of Hume's society and suggest remedies for their solution. They are still relevant for the modern reader. Included are "Of Commerce," "Of Refinement in the Arts," "Of Money," "Of Interest," "Of the Balance of Trade," "Of the Jealousy of Trade," "Of Taxes," "Of Public Credit," and "Of the Populousness of Ancient Nations," as well as the relevant extracts from Hume's letters. Long unavailable, this edition will be welcomed by students of economics, philosophy, and the Scottish Enlightenment.
During the Bureau's history Canada has developed from a country dependent on a staple economy to a mature industrial power poised at the brink of the information era. Information needs have mushroomed in both quantity and complexity; at the same time the technology for gathering, compiling, analysing, and disseminating information has been revolutionized. Worton looks at how Canada's statistical system has coped with these tremendous changes and outlines some notable Canadian contributions to the science and production of statistics.
Introduction: Knowledge in Exile -- The League Is the Thing: International Society's Super-University -- Plowshares into Swords: Knowledge, Weaponized -- Internationalist Dunkirk: International Society in Exile -- The Rover Boys of Reconstruction: International Society in the American World -- Coda: Great Leaps Forward.
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