The invisible-hand proposition -- The theory of comparative advantage -- The law of markets -- The quantity theory of money
This highly original work offers an intellectual history of four central theories underlying the market economic system, focusing on their conception, evolution, and applications. Four Central Theories of the Market Economy traces the root of the theories, their conception and a…
This highly original work offers an intellectual history of four central theories underlying the market economic system, focusing on their conception, evolution, and applications. Four Central Theories of the Market Economy traces the root of the theories, their conception and a…
"Addressing the unruly dynamism that capitalism brings with it, leading sociologist Neil Fligstein argues that the basic drift of any one market and its actors, even allowing for competition, is toward stabilization." "The Architecture of Markets represents a major and timely s…
"Addressing the unruly dynamism that capitalism brings with it, leading sociologist Neil Fligstein argues that the basic drift of any one market and its actors, even allowing for competition, is toward stabilization." "The Architecture of Markets represents a major and timely s…
This work by two economists who were involved as experts in the reform of the Polish economy in the 1950s and 1960s present the results of their efforts to develop in theory an economic system which could avoid the worst excesses of both capitalism and central planning.
Entering the shady world of what he calls "violent entrepreneurship," Vadim Volkov explores the economic uses of violence and coercion in Russia in the 1990s. Violence has played, he shows, a crucial role in creating the institutions of a new market economy. The core of his work…