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Williams C: The Classical School / B

The Classical School

The Turbulent Birth of Economics in Twenty Extraordinary Lives

World Scientific Lecture Notes In Economics And Policy

This book attempts to understand the operation and properties of 'market economies'. We do this by carefully examining, refining and in some cases extending the major theorems that Microeconomics has established in response to the Walrasian conjecture. We critically evaluate theorems and results, that assert the existence, uniqueness, stability, optimality and empirical relevance of Walrasian equilibrium states. As a result of our work, we attempt to comment on the wisdom of recommending that socio-economic systems operate as a collection of deregulated competitive markets.

Lectures In General Equilibrium Microeconomics

Sage Handbooks of Modern China

An essential guide that provides a comprehensive and nuanced exploration of China's economic and financial systems, offering insights from leading scholars and practitioners.

The Sage Handbook of the Chinese Economy

Technological change and innovation have long fueled economic growth and employment. Yet, in recent decades, productivity gains have increasingly failed to translate into more jobs and higher wages. Jobless Growth and the New Great Transformation investigates this apparent paradox, by examining the theoretical and empirical evidence about the relationship between innovation and structural change. It combines rigorous and cutting-edge data analysis with EU case studies to reveal how recent technological breakthroughs, far from driving shared prosperity, have slowed growth, widened spatial divides and fueled societal polarization, partly due to excessive confidence in market deregulation. Drawing on data-driven analyses, the book explains why impacts of innovation vary so widely between regions and how history, institutions, and policy-not just market forces-determine who benefits from technological advances and who is left behind.

A Data Driven Analysis

Jobless Growth and the New Great Transformation

Cambridge Studies in Economic History - Second Series

This is a study of the financial system that sustained the sixteenth-century empire of Philip II of Spain. Detailing the links between royal revenue sources, trade fairs, credit market, long-term debt, and contracts with Genoese bankers, it reveals how Philip's financial and military strategy complemented each other. Central to the narrative is Philip's struggle with the Cortes, which, under Castile's implicit constitution, imposed limits on public debt, forcing repeated renegotiations as military expenses and debt escalated. In this first analytical study of Philip's financial policies, Carlos Álvarez-Nogal and Christophe Chamley draw on extensive archival research and secondary sources to show that Philip's main challenge was not the bankers but the Cortes. He used temporary payment suspensions and financial crises as tools to pressure the Cortes for additional taxation. The book highlights the interplay between debt, political power, and state formation in early modern Europe.

Between Parliament and Bankers

Philip II of Spain and the Power of Money

Chapman and Hall/CRC Series on Statistics in Business and Economics

Introduction to Bayesian Econometrics: A GUIded Toolkit Using R offers a practical, conceptually clear, and computationally accessible pathway into Bayesian data analysis. Designed for readers who wish to apply Bayesian methods without necessarily investing years in programming, the book combines rigorous treatment of foundational ideas with a graphical user interface (GUI) that allows users to run Bayesian regression models in a user-friendly environment.The first part develops the mathematical foundations of Bayesian inference by presenting all derivations step-by-step. This transparent treatment of conjugate models, including posterior analysis, marginal likelihoods, and posterior predictive distributions, provides readers with a strong theoretical base for the more advanced material that follows.The second part focuses on implementation. It introduces the custom GUI for readers with little or no programming experience, demonstrates how to fit Bayesian models using established R packages, and guides more advanced users through programming key components of Bayesian samplers from scratch. This integrated approach enables readers with different backgrounds to engage with Bayesian methods at their preferred level of computational depth.The third part extends the framework to modern Bayesian econometrics. It covers Bayesian machine learning, causal inference, and approximate methods, illustrating how Bayesian ideas can be applied to contemporary empirical challenges. By combining theory, software, and hands-on computation, the book provides a comprehensive entry point into both classical and modern Bayesian analysis.Across all parts, the book is designed to support a wide range of users -beginners, intermediate programmers, and advanced learners-. To the best of the author's knowledge, no existing text combines mathematical transparency, software accessibility, and modern Bayesian topics in a single, integrated resource.

A GUIded Toolkit using R

Introduction to Bayesian Econometrics

Wasserstoff ist ein vielversprechender Träger für&nbsp;eine saubere, nachhaltige Energieversorgung. Doch warum sollte 'grüner' Wasserstoff eingesetzt werden? Wo soll er herkommen und wie soll er verwendet werden? Welche technischen, rechtlichen, ökonomischen und gesellschaftlichen Akzeptanzfragen sind damit verbunden? Die Beiträger*innen geben einen interdisziplinären Überblick über das Thema Wasserstoff und blicken dabei auch auf die langfristigen Auswirkungen. Dazu bringen sie unterschiedliche fachliche Perspektiven zusammen und schaffen ein Gesamtbild, das auch für Laien gut verständlich ist.

Interdisziplinäre Perspektiven

Wasserstoff im Energiesystem

Routledge Studies in the Modern World Economy

Considering the unique character of taxation, such as the necessary discretionary power of tax administration, the complexity of tax issues, and nascent development of tax systems in many developing countries, this book provides a comprehensive analysis of tax disputes from the viewpoint of protecting the legitimate fiscal conduct of host State in investment arbitration that are of both theoretical and practical importance.

Conflict between domestic policies and international obligation of the State on taxation

Tax Law and Investment Arbitration

From the author of A People's Guide to Capitalism, a clear-eyed look at cryptocurrencies from the left, cutting through the glitz and the scams to reveal how crypto mirrors and exacerbates the crises of capitalism. 
 
Cryptocurrencies have gone from being fringe investments relevant only to hardcore adherents to a $3.7 trillion industry with a direct line to Donald Trump's White House. The promises of crypto are wide-ranging, preying on a basic reality: people are disaffected by an economic and financial system that has excluded them and wonder if cryptocurrencies can offer a more transparent and inclusive alternative. 
 
Challenge any of these notions, or raise concerns about crypto's associations with money laundering, the speculative bubbles ballooning around these assets, or the disastrous climate implications of the technology behind crypto, and you'll be told by proselytizers that you simply don't understand. That complexity is often intentional, serving as a shield from critical scrutiny. 
 
Enter Crypto-Capitalism, Hadas Thier's deft, accessible examination of the rise and fall and rise again of crypto. Drawing on years of reporting on the industry, its insiders, and the ordinary people impacted by its wild peaks and busts, Thier explains how cryptocurrencies work, elucidates the context and implications of their rise, and debunks the utopian mythology that animates their boosters. 
 
By showing that systemic exploitation and domination are inherent in a crisis-ridden capitalist economy and are matters of class power, not technology, Thier convincingly cuts through the froth and the lies of financial dystopia. Along the way, she opens up alternative avenues for imagining what economic democracy could actually look like.

The New Financial Dystopia

Crypto-Capitalism

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

And the Road Not Taken in Finance

The Quantum Stock Market

Elements in the Economics of Emerging Markets

This Element critically examines the claim that United States economic sanctions on Venezuela constituted 'collective punishment' of the Venezuelan population, contributing significantly to the country's economic collapse and humanitarian crisis. Through comprehensive analysis of economic, developmental, and welfare indicators from 2013 to 2023, it demonstrates that the bulk of Venezuela's economic devastation - including 52 percent of GDP losses and 98 percent of import declines - largely occurred before financial sanctions were imposed in August 2017. Key welfare indicators such as infant mortality, undernourishment, and life expectancy had deteriorated substantially by 2017 and subsequently stabilized or improved following sanctions implementation, contradicting narratives that attribute Venezuela's collapse primarily to external economic pressure. The Element provides a timeline of Venezuelan economic and political events around sanctions and a critical review of the literature on their economic effects. This title is also available as Open Access on Cambridge Core.

Rethinking the Impact of US Sanctions on Venezuela

From Collective Punishment to Constraints on Authority

Bulletins from the Front Line, 2021-2025

Equality Is a Struggle

The Classical School

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