Description : The financial crisis of 2008 has revived interest in economic scholarship from a historical perspective. The most in depth studies of the relationship between economics and history can be found in the work of the so-called German Historical School (GHS). The influence of the GHS in the USA and Britain has been well documented, but far less has been written on the rest of Europe. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the School’s ideas spread and was interpreted in different European countries between 1850 and 1930, analysing its legacies in these countries. In doing so, the book is able to trace the interconnection between economic thought and economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge. This book identifies issues related to topics such as nationalism and cosmopolitanism in the history of ideas and clarifies themes in policy making that are still currently debated. These include monetary policy and benefits of free trade for all parties involved in international exchanges. This book will be of a great interest to those who study history of economic thought, economic theory and political economy.
Description : This book considers Thorstein Veblen’s central preoccupation with the dark places of business enterprise, an integral part of the old institutional economics. Combining the contributions made by Karl William Kapp and Philip Mirowski, it proposes the systematization of an adjourned institutional theory of social costs of business enterprise useful for the analysis of contemporary crises. The Dark Places of Business Enterprise explores the research potential of the theory of social costs for the analysis of actual business behavior in the current globalized privatization regime. It begins with a detailed outline of Veblen’s critique of business enterprise and market competition before illustrating the methodical enrichment of this approach through Kapp’s work. Finally, it concludes by proposing the integration of the Veblenian-Kappian approach with Mirowski’s theory of markets and business doubt manufacture. The resulting theory of social costs will shed light on the ubiquitous business control of society under the now dominant computer-based technological infrastructure. This interdisciplinary foundation of the theory of social costs, encompassing knowledge from computer science and engineering to natural sciences, provides the tools required to analyze this great transformation.
Description : The Holy See, Social Justice, and International Trade Law: Assessing the Social Mission of the Catholic Church in the GATT-WTO System highlights the uniqueness of the Catholic Church as the foremost institution in the world that can confront issues in world trade that affect the common good. The distinguished author Rev. Dr. Alphonsus Ihuoma provides a superbly broad and deep examination that is both scholarly and practical of the mission of the Catholic Church in the world as one that centers on the temporal and eternal needs of humanity. His discussion treats thoughtfully the mediatory role of the church in world affairs and argues persuasively that the church has been engaged in this role since its very beginning, even before nations embraced organized politics two thousand years ago. This remarkable book is a great tool for any reader seeking to know more about the unique position of the church in world affairs, especially in the GATT-WTO system. The book rightly lauds the churchs achievements in history. But it equally and rightly argues that the church must do more to address present challenges in the world trading system. Readers will be enlightened by the treatment of the failures of the GATT-WTO system in pursing the objectives for which it was established, the churchs efforts to pursue vital related objectives, and the need for her to do more.