Mario Amendola – författare
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4 produkter
4 produkter
1 844 kr
Skickas inom 5-8 vardagar
Standard equilibrium economic models focus on interdependencies. In Out of Equilibrium, Amendola and Gaffard develop a theory also dealing with interdependencies, but based on disequilibria, which take the form of feedback mechanisms over time. The way in which these disequilibria interact sequentially determines the evolution path of an economy. As a result, different processes may be associated with any kind of original shock. Whereas in equilibrium models these processes are determined by the 'fundamentals' of the economy, here the outcome is heavily influenced by the processes themselves, the sequential decisions taken, and policies followed. The model proposed in this book is a heuristic tool that makes it possible to explore these `disequilibria'. By using it, economic phenomena and policy recommendations appear entirely different, and in most cases the interpretations made are diametrically opposite to those advocated by the dominant equilibrium theory, thus giving a new perspective on the recent past of the Western economies.
1 001 kr
Skickas inom 5-8 vardagar
1 779 kr
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Disorder and Public Concern Around Globalization examines the contrast between an idealized vision and a realistic view of globalization. Both are inscribed in the contemporary debate within political and economic theory. This opposition highlights the conditions under which wealth creation and equitable distribution can outweigh the mere diversion of value and deepening of inequalities.This book shows how facts and ideas can explain the shape currently taken by globalization, the latest innovation of market economies. Still, the unpredictable path followed depends on the attitudes of entrepreneurs and capital holders who arbitrate between short- and long-term timescales, between value creation and rent collection: attitudes driven by the same organizations and institutions that shape markets, structure the social order and ensure the viability of the current transition.
1 661 kr
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Mario Amendola and Jean-Luc Gaffard argue that all too often, markets and technology are treated as two magic words that will open the door to a wealth of riches. An increasing number of governments appear to be aiming for a pure market economy in order to reap the benefits of a benevolent technology that promises the most spectacular advances. Both markets and technology can certainly be considered essential economic factors, but which market and what technology? Is the current prevailing view of competition without restraints and privatisation at all costs actually the essence of the market? This book maintains that the dominant view mistakes the relationship between growth and technical change and, as a consequence, the role of the market in this context. The authors argue that once the issue is analysed in the proper light, the usual ingredients of the dominant policy recipe - zero inflation, balanced budgets, privatisations, deregulation of all markets, extreme flexibility - may not actually be the appropriate ones.The Market Way to Riches will appeal to academics from many branches of economics including heterodox, evolutionary and macroeconomics and those with an interest in economic growth generally. Policy makers influencing economic growth will also find much to engage them.