Intellectual Legacies in Modern Economics series – Serie

This major two volume collection of previously published articles assesses the intellectual legacy of Michal Kalecki (1899-1970), combining a selection of Kalecki's own writings with papers which evaluate and extend his work.Volume I focuses on Kalecki's work on capitalist economies, notably the effective demand, pricing and distribution of income based on the degree of monopoly, cycles and growth and the political economy of full employment. Discussion of capitalist economies, with an emphasis on money, finance and taxation continues in Volume II, which also considers Kalecki's work on socialist economies and developing economies.In the centenary year of Kalecki's birth, these volumes provide a fitting tribute to his important contributions in the fields of economics and politics.

Ludwig von Mises is not the most well-known classical liberal political economist of the twentieth century. He has remained relatively obscure because both methodologically and ideologically his thinking went against the prevailing mood and on a personal level he was more difficult to approach than other thinkers of his time. However, among those in the know, he is considered to be the architect of Austrian economic thought, the most ardent defender of classical liberalism in the last century and history's strongest critic of socialism.This new collection of previously published writings has three main aims: to introduce the reader to von Mises and the core of his ideas; to provide a number of essays which project the Misesian spirit, contribute to Mises's system and suggest areas for future research based on his insight and thought; and to establish an interest in Mises's ideas among those not already familiar with them.This pathbreaking book seeks to be the definitive collection documenting the intellectual legacy of Ludwig von Mises in modern political economy. Its intended readership is scholars in the history of political economy and in particular those interested in the Austrian school of economics.

This authoritative collection explores Piero Sraffa's contributions to economics. The volumes cover the discussions around Sraffa's criticism of the Marshallian partial equilibrium method; his attack on Hayek's monetary overinvestment theory of the business cycle; his edition of Ricardo's works and correspondence and his clarification of the analytical structure of the classical theory of value and distribution; his reformulation of the classical theory; and the role of his work in the debates about the theory of capital and income distribution.

Veblen was an original thinker, responsible for introducing and popularising a host of important concepts and insights. He ignited controversy not only in economics, but also in sociology, history and political science. The number and quality of the responses to his work provide evidence of the novelty and explanatory power of his ideas. These comprehensive volumes will enable the reader to sample the broad spectrum of Veblen's thought and that of his critics and interpreters. They include critical appraisals of the corpus of his published work as well as reinterpretations of his life and influence on the social sciences particularly economics, political science and sociology.This authoritative collection includes reprints of materials previously published by leading scholars on nearly every aspect of Veblen's life and work. It will be invaluable to professional scholars and graduate students who wish to heighten their understanding of the alternatives to formalism in the social studies.

Ronald Coase, the 1991 Nobel laureate in Economics, has had a profound impact on the way that economists and others view both the firm and the relationship between the legal and economic systems. This authoritative collection brings together the diverse body of literature that reflects Ronald Coase's influence on economic analysis from his early work on the theory of the firm and transaction costs to Coase's theorem and the development of the field of law and economics. The Legacy of Ronald Coase in Economic Analysis features the two seminal articles by Coase which have changed the way economists think about their subject -'The Nature of the Firm' and 'The Problem of Social Cost' - along with a group of the most important articles that have extended and built upon his work. These include contributions by James M. Buchanan, Benjamin Klein, Douglass C. North, Richard A. Posner and Oliver E. Williamson, as well as a specially-prepared, introduction to Coase's work and a comprehensive bibliography of Coase's writings.

This major three-volume collection - offered in the centenary year of Hayek’s birth - celebrates a lifetime of scholarship and original contributions that cross the disciplines of politics, philosophy and economics.Hayek rose to fame as a young technical economist engaged in debate with Keynes and became infamous in middle age for his harsh critique of socialist planning. For much of the 1950s and 1960s Hayek was ignored as a relic of 19th century economic liberalism as the tide of intellectual and political fashion moved against both his warnings about Keynesian demand management and his critique of socialist planning. Late in life, Hayek was celebrated as a prescient scholar who foresaw the decline in both the Keynesian and socialist systems of economic control. Hayek made major analytical contributions which have yet to be appreciated by either friend or foe. Through this selection of classic articles The Legacy of Friedrich von Hayek attempts to place Hayek’s contributions to political economy in a proper perspective.

This major three volume collection celebrates the legacy of Robert E. Lucas, Jr., winner of the Nobel Memorial Prize in Economic Science in 1994, founder of the New Classical School and one of the most influential macroeconomists of the late twentieth century. The Legacy of Robert Lucas, Jr. presents the eleven most influential articles on macroeconomics by Robert Lucas, Jr. together with articles by a wide variety of other key economists who extend, develop, criticize, or are otherwise significantly influenced by Lucas's seminal ideas.

Milton Friedman is beyond question the most famous living economist of the 20th century. He is closely associated with the doctrine of 'monetarism' which has been adopted by many governments around the world.This important two volume collection presents a major study of Milton Friedman's outstanding contribution to economics as a teacher at the University of Chicago. It shows how Friedman's distinctive ideas about money, markets and economic theory, communicated in the classroom and in thesis committees, influenced an entire generation of economists. It also reveals his influence on graduate-education practices at the University of Chicago and elsewhere.

This authoritative collection presents an overview of the widespread significance of Schumpeter's thought. Part I examines the reception accorded to Schumpeter's ideas by his contemporaries. In Part II the impact of his scientific ideas from the 1950s to the 1970s is investigated. Part III covers the renewed influence of Schumpeter's thought in the 1980s. Whilst the contributions on industrial economics are presented in neoclassical fashion, the studies of innovation economics and evolutionary modelling reveal further ramifications of Schumpeter's legacy. Part IV highlights the importance of Schumpeterian ideas on modern macroeconomic theories and the final part demonstrates the influence of his thought in other fields such as public finance, sociology, politics and history.