During the 1980s, economic theory has been revolutionised by game theory. The game theory approach is now very widely used throughout the profession and has become a major tool for the construction of new economic models. It is the bas...
The topic of joint production theory has played a central role in neo-classical criticism of classical theory, in Sraffa’s proposed rehabilitation of classical theory, and in some Sraffa-based criticisms of Marxian theory. This prominen...
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 Keyne...
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 Fi...
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 de...
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...
This major authoritative three volume work gathers together for the first time the seminal articles and papers – many of which are widely dispersed in rare publications – which provide the foundation and development of the Austrian Schoo...
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 ha...
Neo-classical microeconomics has dominated economics as a school of thought since the end of the nineteenth century. Seen as the ‘orthodox’ school, it has been challenged by many of the newer schools that have been developed since, but n...
Post-Keynesian Economics denotes a loose grouping of economists who regard the insights of Keynes and Kalecki as the starting point for both a critique of conventional equilibrium analysis and the basis for a new macroeconomics based on ...
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...
