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First published in 1997. Routledge is an imprint of Taylor &amp; Francis, an informa company.

First published in 1997. Routledge is an imprint of Taylor &amp; Francis, an informa company.

Sayers R: Economic Writings of James
Pennington

Economic Writings of James Pennington

1826-1840

Palgrave Studies in the History of Economic Thought

This book offers a systematic guide to the history of Bulgarian economic thought within the broader evolution of the nation’s economy—from the final decades of the Ottoman Empire to the socialist period. It explores the interplay between economic culture, policy, institutions, and theory, revealing how Bulgarian economists interpreted and responded to the structural challenges of a developing and dependent economy.Special attention is given to the exchanges of ideas between Bulgaria and Europe, highlighting both external intellectual influences and original national contributions. This book is an essential resource for students and scholars interested in the history of economic thought, economic culture, economic history, and the distinctive paths of European economic traditions.&nbsp;&nbsp;Nikolay Nenovsky
 is&nbsp;Professor of&nbsp;Economics at the Jules Verne University,&nbsp;and an&nbsp;affiliated&nbsp;Professor at the University of National and World Economy and the HSE&nbsp;University.&nbsp;His research is in the fields of the theory and history of money, economic&nbsp;thought and&nbsp;international economics,&nbsp;with a focus on&nbsp;the Balkan region. He is currently a member of Bulgarian&nbsp;National Bank Governing Council.
 Tsvetelina Marinova
 is Associate Professor of Economics at New Bulgarian University, a member of the Paul Bairoch Institute of Economic History (University of Geneva), and an Associate Researcher at LEFMI (University of Picardie Jules Verne). Her research focuses on economic history, history of economic thought, social economy, political economy, and European integration.

This book offers a systematic guide to the history of Bulgarian economic thought within the broader evolution of the nation’s economy—from the final decades of the Ottoman Empire to the socialist period. It explores the interplay between economic culture, policy, institutions, and theory, revealing how Bulgarian economists interpreted and responded to the structural challenges of a developing and dependent economy.Special attention is given to the exchanges of ideas between Bulgaria and Europe, highlighting both external intellectual influences and original national contributions. This book is an essential resource for students and scholars interested in the history of economic thought, economic culture, economic history, and the distinctive paths of European economic traditions.&nbsp;&nbsp;

From the Ottoman Period to Modern Times

Bulgarian Economic History and Economic Thought

Economists dream of equilibrium. It's time to wake up. In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years, yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds. Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes--an unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chen's theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography. Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder.

The Living Basis of Value and Production

Entropy Economics

In analyzing how business interacts with the evolution of economic, technological and political systems over the long term, the book provides a unique method to understand this increasingly vital topic. Updated to incorporate more detail on management theories, the new edition also brings the story up to date to the era of global crisis and financialization.With a chronological approach and led by globally-recognized experts on business history, this is essential reading for all business students and scholars looking at the past and towards the future.

In this textbook, expert authors Amatori and Colli present businesses as the key driver of economic change and development. In analyzing how business interacts with the evolution of economic, technological and political systems over the long term, the book provides a unique method to understand this increasingly vital topic. Updated to incorporate more detail on management theories, the new edition also brings the story up to date to the era of global crisis and financialization.With a chronological approach and led by globally-recognized experts on business history, this is essential reading for all business students and scholars looking at the past and towards the future.

Complexities and Comparisons

Business History

Routledge Studies in the European Economy

The book argues that economic credibility should be assessed not only on the basis of financial stability and economic growth, but also on the state's ability to maintain democracy and long-term social cohesion.Why do some countries maintain economic stability and investor confidence, while others experience credibility crises? This book examines how political decisions, institutional integrity and public trust shape economic policy. The authors highlight the consequences of populist governments, which often undermine economic efficiency and democratic stability. The book analyses how populist governments affect a country's economic credibility and long-term stability. It offers a comprehensive framework for assessing a country's economic credibility that goes beyond conventional financial indicators, advocating for a more holistic approach that supports democracy. Supported by research contained in reports on Poland's economic credibility index, the book benefits from data visualisations, policy recommendations and comparative analyses of state models, resources which provide the reader with practical tools for assessing economic credibility in various contexts.This book will be of interest to policy makers, economists, political scientists and business leaders, among others. With its multidisciplinary approach to the links between economic policy and institutional credibility, it provides valuable insights for those seeking to understand the complexity of modern governance.

Governance, Institutions, and the Challenge of Populism

The Economic Credibility of the State

Economic Perspectives on Institutions provides an introduction to the economic analysis of institutions, particularly with respect to the core issues of conflict, coordination and inequality, offering an essential synthesis of what we have learnt so far and highlighting the major gaps to be filled. Readers are introduced to some of the best ideas produced in the field of institutional economics and are provided with a critical assessment both of their ability to explain a number of crucial problems and to offer a guide to the choice of the best policies. This book will be essential reading to all those studying and researching in the field of institutional economics.

Economic and social institutions are more and more important in modern economic systems. Efficiency, equity and also economic evolution depend on them. Indeed, since the pioneering analyses of Coase, North and Williamson huge progress has been made in the understanding of the influence of institutions on the working of economic systems. However, institutions are still a rather disregarded topic both in the analysis of economic phenomena and in the design of economic policies. This book offers a critical assessment of the results achieved so far by the various strands of Institutional Economics that paves the way for further improvements.Economic Perspectives on Institutions provides an introduction to the economic analysis of institutions, particularly with respect to the core issues of conflict, coordination and inequality, offering an essential synthesis of what we have learnt so far and highlighting the major gaps to be filled. Readers are introduced to some of the best ideas produced in the field of institutional economics and are provided with a critical assessment both of their ability to explain a number of crucial problems and to offer a guide to the choice of the best policies. This book will be essential reading to all those studying and researching in the field of institutional economics.

Conflict, Coordination, Inequality

Economic Perspectives on Institutions

Routledge Explorations in Economic History

This book explores late colonial Zimbabwe's troubled transition from colony to independent state from a financial and economic history perspective.

This book explores late colonial Zimbabwe’s troubled transition from colony to independent state from a financial and economic history perspective.

Money, Sanctions and War Economy

Finance in Colonial Zimbabwe

Population Economics

This book introduces edumetrics, a rigorous, interdisciplinary framework for measuring learning outcomes over time and across space. Based on Lord Kelvin’s maxim that “to measure is to know,” edumetrics redefines education as an empirical science that integrates economics, psychology, and social science to quantify cognitive and non-cognitive competencies.
By harmonizing data from over 120 countries spanning half a century, the book transforms fragmented indicators into coherent measures of learning quality and equity. It critiques the limitations of traditional human capital theory and challenges the use of years of schooling as a proxy for skill. Through econometric analysis, historical inquiry, and global datasets, including Learning-Adjusted Years of Schooling, it reveals that educational structures, not just resources, shape productivity, adaptability, and social cohesion.
At its core, the book addresses the paradox of why rising investments in schooling have not yielded proportional gains in learning. With its integration of theory, data, and historical perspective, it serves as both a methodological blueprint and a call to rethink how we define, measure, and value learning in the twenty-first century.
&nbsp;

This book introduces edumetrics, a rigorous, interdisciplinary framework for measuring learning outcomes over time and across space. Based on Lord Kelvin’s maxim that “to measure is to know,” edumetrics redefines education as an empirical science that integrates economics, psychology, and social science to quantify cognitive and non-cognitive competencies.By harmonizing data from over 120 countries spanning half a century, the book transforms fragmented indicators into coherent measures of learning quality and equity. It critiques the limitations of traditional human capital theory and challenges the use of years of schooling as a proxy for skill. Through econometric analysis, historical inquiry, and global datasets, including Learning-Adjusted Years of Schooling, it reveals that educational structures, not just resources, shape productivity, adaptability, and social cohesion.At its core, the book addresses the paradox of why rising investments in schooling have not yielded proportional gains in learning. With its integration of theory, data, and historical perspective, it serves as both a methodological blueprint and a call to rethink how we define, measure, and value learning in the twenty-first century.

Measuring Human Capital for the 21st Century

Edumetrics

Routledge Revivals

Originally published in 1967, this book provides a detailed survey of economic events from the early 1950s to the late 1960s. It provides an excellent source of reference on economic policy issues and will also be invaluable as a textbook of mid-20th century economic history. Part 1 discusses demand management, the balance of payments and regional development before 1961. The authors stress the social and administrative aspects of Britain's mal du siècle. A turning point came in 1961 when the Conservatives set up the National Economic Development Council. This experiment in 'indicative planning' and the changes introduced by Labour after 1964 are described in Part 2. Despite short-term demand mismanagement by successive governments, 'indicative planning' has made it possible to introduce a number of constructive new measures, in particular prices and incomes policy, regional development and the modernization of economic structures to each of which the book devotes a chapter.

Problems and Prospects

The British Economy

First published in 1983, French Planning in Theory and Practice (now with a new preface by the authors) provides the first detailed account since the late 1960's of the French system of economic planning, and its relevance for other market economies. It offers an original and non-technical rationale for planning in a market system and examines the decline in French planning, at a time when the new government was attempting to extend the traditional planning system.The initial theoretical part of the book is primarily addressed to economists. It reviews the literature on indicative planning and argues that it is severely deficient, above all in failing to take account of the implications of uncertainty on private decision-making. These problems have empirical relevance for the French experience, and lead to the proposal for a different form of planning, supplying co-ordination that would not be spontaneously forthcoming in the public or private sectors. The analysis goes beyond the scope of French planning and has policy relevance for all market economies.Although written with the main analytic issues in mind, the remainder of the book stands independently as a comprehensive study of planning in France. It traces the gradual loosening of the links between policy making and planning in France and tries to draw the lessons from this experience for the practice of planning. The authors conclude that the type of planning that had seemed so successful in the 1960's was simply no longer possible in the economic and political climate of the 1970's, yet no real attempt was made to define an alternative role for the plan. The political and administrative authorities were happy to see planning fade. The arrival of the Socialist government offered great scope for the revival of the process, but the authors caution against supposing that political will was the only vital ingredient. The book is based on extensive interviews with planners, analysts, and decision-makers as well as on published and unpublished written and statistical sources.

French Planning in Theory and Practice

Originally published in 1968, this book was an important contribution both to the economics of the public sector and to the study of comparative economic systems and remains of historical interest. In contrast to many expenditure specialists who deal primarily with aggregated data, the author presents a combination of a theoretical and statistical analysis of a number of individual public expenditures. This enables him to take advantage of the special properties of each expenditure. In comparing economic systems the author studies many nations including Austria, Bulgaria, Germany, Greece, Ireland, Italy and the USA and clarifies the differences between their systems by empirical comparisons of the behaviour of each country.This classic book was among the first extensive studies in the field of comparative economic systems using modern economic theory and statistical methods.

Public Expenditures in Communist and Capitalist Nations

How Bad Economics Drove America's Decline

The Power to Destroy

Economic Writings of James Pennington

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