Schools of Thought in Economics series – serie

Experimental Economics includes the study of individual decision making in which an isolated individual chooses many alternatives that have a monetary (or commodity) value defined quantitatively by the experiment. Experimental methods have enjoyed a vast expansion in the quality, depth and diversity of economic questions to which laboratory experiments have been applied. It is characterised by a growing recognition that markets are most meaningfully studied and understood within the context of institutions. This collection includes influential, as well as representative, examples of the growth and development of experimental economics.

Monetarism has had a major impact on the thinking of political leaders and the conduct of economic policy during the last decade. These two volumes trace the origin and development of monetarism from the work of David Hume and Irving Fisher through to the very recent research by eminent contemporary economists including among others Milton Friedman, Robert Lucas, Rudiger Dornbusch and Thomas Sargent. Wide-ranging and comprehensive in scope, the book covers both the theoretical and empirical aspects of monetarism as well as its implications for economic policy.

Behavioural Economics is a relatively new school of economic thought and can encompass a number of strands such as 'new institutional/transaction cost economics', economic psychology and psychological economics, consumer behaviour and decision theory. The papers presented here reveal something of the development, philosophy and range of applicability of behavioural economics.

In 1960, Piero Sraffa's Production of Commodities by Means of Commodities considered the fundamental issues that had been ignored in some existing theories of capital, value and distribution, and by doing so he laid the foundations for a critique of the marginal theory of value and distribution. The papers in these volumes both introduce the reader to the central themes of Sraffa's book and provide the detailed critique for which Sraffa paved the way.

These three volumes offer an overview of Marxian political economy, with contributions by critics, supporters and those of a more neutral disposition. The first volume illustrates the breadth of Marx's concern with history, politics and society, while the second and third volumes focus more closely on the labour theory of value and the analysis of exploitation, and on Marxian approaches to crisis and economic development.

These two volumes collect some of the principal articles that have contributed to the renewal and development of radical political economy during the past generation. Radical Political Economy draws upon Marxian, institutional and Keynesian perspectives to construct a new and comprehensive analysis of modern capitalism, seeking to integrate the horizontal (competition), vertical (command), and time (change) dimensions of economic and other social relations.