This vital addition to the Routledge History of Economic Thought series surveys arguably the most important country in the development of economics as we know it today – the United States of America.A History of American Economic Thought is a comprehensive study of American economics as it has evolved over time, with several singularly unique features including: a thorough examination of the economics of American aboriginals prior to 1492; a detailed discussion of American economic...

Thomas Sowell's incisive critique of the intellectuals' destructive role in shaping ideas about race in America*Intellectuals and Race is a radical book in the original sense of one that goes to the root of the problem. The role of intellectuals in racial strife is explored in an international context that puts the American experience in a wholly new light.The views of individual intellectuals have spanned the spectrum, but the views of intellectuals as a w...

" A hard look at what has, and has not, been accomplished in the three decades since the struggle for racial equality began" ( New Perspectives , U.S. Commission on Civil Rights)."An important and necessary book." — The Washington PostIt is now more than three decades since the historic Supreme Court decision on desegregation, Brown v. Board of Education. Thomas S...

This book develops an original theory of group and organizational behavior that cuts across disciplinary lines and illustrates the theory with empirical and historical studies of particular organizations. Applying economic analysis to the subjects of the political scientist, sociologist, and economist, Mancur Olson examines the extent to which the individuals that share a common interest find it in their individual interest to bear the costs of the organizational effort.The theory ...

The pivotal and troubling role of progressive-era economics in the shaping of modern American liberalismIn Illiberal Reformers, Thomas Leonard reexamines the economic progressives whose ideas and reform agenda underwrote the Progressive Era dismantling of laissez-faire and the creation of the regulatory welfare state, which, they believed, would humanize and rationalize industrial capitalism. But not for all. Academic social scientists such as Richard T. E...

Some years ago, The Economist carried a lead editorial, ‘The puzzling failure of economics’. The frank admission was provoked by the publication of a new edition of Paul Samuelson’s Economist. The editorial concluded that it ‘is not a failure of economics, in fact, but of modern [neo-classical] economics’.The authors argue there is nothing puzzling about this failure. They document how the integrity of economics as a discipline was deliberately compromised towards the end of the 19t...

The unlikely story of how Americans canonized Adam Smith as the patron saint of free marketsOriginally published in 1776, Adam Smith’s The Wealth of Nations was lauded by America’s founders as a landmark work of Enlightenment thinking about national wealth, statecraft, and moral virtue. Today, Smith is one of the most influential icons of economic thought in America. Glory Liu traces how generations of Americans have read, reinterpreted, a...

Twenty years since the publication of the Second Edition and more than thirty years since the publication of the original book, Racial Formation in the United States now arrives with each chapter radically revised and rewritten by authors Michael Omi and Howard Winant, but the overall purpose and vision of this classic remains the same: Omi and Winant provide an account of how concepts of race are created and transformed, how they become the focus of political conflict, and how th...

When first published in 1980, The Declining Significance of Race immediately sparked controversy with its contentious thesis that race was becoming less of a deciding factor in the life chances of black Americans than class. This new edition of the seminal book includes a new afterword in which William Julius Wilson not only reflects on the debate surrounding the book, but also presents a provocative discussion of race, class, and social policy."The intellectual strength of...

In this instant New York Times bestseller, renowned economist Thomas Sowell demolishes the myths that underpin the social justice movement“Light on rhetoric, seriously heavy on data, and accessible in style, there is a reason why Sowell has been described as ‘among the most brilliant thinkers in the world today’ by Harvard University’s Steven Pinker and an ‘American sage’ by the Wall Street Jou...

What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ide...

This volume showcases the impact of the work of Douglass North, winner of the Nobel Prize and father of the field of new institutional economics. Leading scholars contribute to a substantive discussion that best illustrates the broad reach and depth of Professor North's work. The volume speaks concisely about his legacy across multiple social sciences disciplines, specifically on scholarship pertaining to the understanding of property rights, the institutions that support the system of pro...