As a broad introduction to the history of economic thought – based on courses the authors have taught for many years – this book provides a magisterial overview for students and teachers who have not had the opportunity to cover the development of the field of economics in its historical context.The text is presented as a series of twenty-four lectures, which can be used as the basis for self-study or for the delivery of a course. Each lecture presents an outline of aims, a select ...

Between its first date of publication in 1684 and 1784 classic ‘Oesterreich über Alles Wann es Nur Will’ went through more than twenty known editions which makes it, arguably, Europe’s most successful ‘economics textbook’ prior to Adam Smith’s ‘Inquiry into the Nature and Causes of the Wealth of Nations’ (1776). Philipp Wilhelm von Hörnigk laid in this book the foundations of what has become known as the ‘mercantilist’ political economy – a strategy for achieving national wealth and politi...

This volume of essays builds upon renewed interest in the long-run global development of wealth and inequality stimulated by the publication of Thomas Piketty’s Capital in the Twenty-First Century. It brings together an international team of leading economic historians and economists to provide an overview of global developments in the theory and reality of inequality and its salience in the modern world order.The contributors take stock of the key concepts involved in con...

The definitive new translation of Max Weber’s classic work of social theory—arguably the most important book by the foremost social theorist of the twentieth century.Max Weber’s Economy and Society is the foundational text for the social sciences of the twentieth and twenty-first centuries, presenting a framework for understanding the relations among individual action, social action, economic action, and economic institutions. It also provides a classifica...

The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, Balancing the Banks draws critical lessons from the causes of the crisis and proposes important regulatory reforms, including sound guidelines for the ways in which distressed banks might be dealt wi...

An illuminating account of the development of Durkheim's economic sociologyÉmile Durkheim's work has traditionally been viewed as a part of sociology removed from economics. Rectifying this perception, Durkheim and the Birth of Economic Sociology is the first book to provide an in-depth look at the contributions made to economic sociology by Durkheim and his followers. Philippe Steiner demonstrates the relevance of economic factors to sociology and shows h...

An accessible account of the role of the modern university in the creation of economics During the late nineteenth century concerns about international commercial rivalry were often expressed in terms of national provision for training and education, and the role of universities in such provision. It was in this context that the modern university discipline of economics emerged. The first undergraduate economics program was inaugurated in Cambridge in 1903; but this was m...

Debates about whether to maintain or abolish slavery revolved around two key values: the morality of enslaving other human beings and the economic benefits and costs of slavery as compared to free labor. Various and conflicting arguments were presented by abolitionists, colonists, and administrators in slave-holding societies, all of whom used calculations about the relative cost and productivity of slavery to defend their own point of view in an impassioned debate. In Calculation and ...

It was only in the sixteenth century that texts began to refer to the significance of "economic activity" -- of sustaining life. This was not because the ordinary business of life was thought unimportant, but because the principles governing economic conduct were thought to be obvious or uncontroversial. The subsequent development of economic writing thus parallels the development of capitalism in Western Europe. From the seventeenth to the twenty-first century there has been a constant sh...

This book discusses the impact of cameralism on the practices of governance, early modern state-building and economy in seventeenth- and eighteenth-century Europe. It argues that the cameralist conception of state and economy - aform of 'science' of government dedicated to reforming society while promoting economic development, and often associated mainly with Prussia - had significant impact far beyond Germany and Austria. In fact, its influence spread into Denmark, Sweden, Russia, Portug...

Ancient and Modern Democracy is a comprehensive account of Athenian democracy as a subject of criticism, admiration and scholarly debate for 2,500 years, covering the features of Athenian democracy, its importance for the English, American and French revolutions and for the debates on democracy and political liberty from the nineteenth century to the present. Discussions were always in the context of contemporary constitutional problems. Time and again they made a connection with a long-es...

Between its first date of publication in 1684 and 1784 classic ‘Oesterreich über Alles Wann es Nur Will’ went through more than twenty known editions which makes it, arguably, Europe’s most successful ‘economics textbook’ prior to Adam Smith’s ‘Inquiry into the Nature and Causes of the Wealth of Nations’ (1776). Philipp Wilhelm von Hörnigk laid in this book the foundations of what has become known as the ‘mercantilist’ political economy – a strategy for achieving national wealth and politi...