Jews, Money and Social Responsibility is a lively discussion of socially responsible shopping, investment and philanthropy from an American Jewish perspective. The authors explore Judaism's teachings on economics, wealth, individual responsibility and community to develop a contemporary ethic of money and society. Their work offers a unifying vision of economic life that can sanctify and heal ourselves and our world.

This history of theories and theorists of economic growth elucidates the economic theory, economic history, and public policy observations of the renowned scholar W. W. Rostow. Looking at the economic growth theories of the classic economists up to 1870, Rostow compares Hume and Adam Smith, Malthus and Ricardo, and J.S. Mill and Karl Marx. He then examines the period 1870-1939 and its economic theorists, including Schumpeter, Colin Clark, Kuznets, and Harrod, and surveys the three forms of growth analysis in the postwar era: formal models, statistical morphology, and development theories. This authoritative overview also includes an agenda of unresolved problems in growth analysis and a description of the five major tasks statesmen will confront over the next several generations.

This book deals with the origin and functions of money and banking, emphasizing the role both play in the promotion of economic order. Developing the insights of Hayek and others of the Austrian tradition, Professor Horwitz argues that an appreciation of the spontaneous evolutionary processes that produce and maintain our monetary institutions shou

These lectures contain a masterful summing up of Nicholas Kaldor's critique of the foundations of mainstream economic theory. They provide a very clear account of his theoretical structures on regional differences, primary producers and manufacturers, and on differing market structures and the likely course of prices and quantities in different markets over time. The first four lectures are concerned with theory, history and explanation; the fifth consists of a detailed set of integrated policy proposals.

Michael Polanyi's The Contempt of Freedom quite plausibly helped to steel Friedrich Hayek to write The Road to Serfdom. In a 1941 review of Polanyi's book, Hayek wrote: The four essays [of the present book] were...written during the five years between 1935 and I940 when the ideas of liberty "were left almost uncultivated" and "the progressive minds were so fascinated by the prospects of the revolution in Russia that they had little interest left for the fate of the traditional liberties." [Polanyi's] analysis...in the essay on the "Rights and Duties of Science " is perhaps the most illuminating discussion yet attempted of the psychological propensities which so frequently turn the man of science into an ardent advocate of central planning, and of the inconsistencies which this attitude involves. While Professor Polanyi has no doubt that "the major force behind this attitude is the passionate desire to put science into the consciously organised service of human welfare", he is convinced that a consistent policy of "organising" all scientific research..."would actually stop the development of science altogether". Discover here an early work of the man who coined the term "spontaneous order" and wrote Science, Faith and Society (1946), The Logic of Liberty (1951), Personal Knowledge (1958), The Study of Man (1959), and The Tacit Dimension (1959).

Lipton, Professor Michael

Stimulus or laissez-faire? That's the essential debate about what to about financial crisis in our time. It was the same in the 1930s.In this world before and after the Great Depression, there was a lone voice for sanity and freedom: Ludwig von Mises. He speaks in The Causes of the Economic Crisis, a collection of newly in print essays by Mises that have been very hard to come by, and are published for the first time in this format.Here we have the evidence that the master economist foresaw and warned against the breakdown of the German mark, as well as the market crash of 1929 and the depression that followed.He presents his business cycle theory in its most elaborate form, applies it to the prevailing conditions, and discusses the policies that governments undertake that make recessions worse. He recommends a path for monetary reform that would eliminate business cycles and provide the basis for a sustainable prosperity.In foreseeing the interwar economic breakdown, Mises was nearly alone among his contemporaries. In 1923, he warned that central banks will not "stabilize" money; they will distort credit markets and generate booms and busts. In 1928, he departed dramatically from the judgment of his contemporaries and sounded an alarm: "every boom must one day come to an end."Then after the Great Depression hit, he wrote again in 1931. His essay was called: "The Causes of the Economic Crisis." And the essays kept coming, in 1933 and 1946, each explaining that the business cycle results from central-bank generated loose money and cheap credit, and that the cycle can only be made worse by intervention.Credit expansion cannot increase the supply of real goods. It merely brings about a rearrangement. It diverts capital investment away from the course prescribed by the state of economic wealth and market conditions. It causes production to pursue paths which it would not follow unless the economy were to acquire an increase in material goods. As a result, the upswing lacks a solid base. It is not real prosperity. It is illusory prosperity. It did not develop from an increase in economic wealth. Rather, it arose because the credit expansion created the illusion of such an increase. Sooner or later it must become apparent that this economic situation is built on sand.Did the world listen? The German-speaking world knew his essays well, and he was considered a prophet, until the Nazis came to power and wiped out his legacy. In England, his student F.A. Hayek made the Austrian theory a presence in academic life.In the popular mind, the media, and politics, however, it was Keynes who held sway, with his claim that the depression was the fault of the market, and that it can only be solved through government planning.Just at the time he wanted to be fighting, Mises had to leave Austria, forced out by political events and the rising of the Nazis. He wrote from Geneva, his writings accessible to too few people. They were never translated into English until after his death. Even then, they were not circulated widely.The sad result is that Mises is not given the credit he deserves for having warned about the coming depression, and having seen the solution. His writings were prolific and profound, but they were swallowed up in the rise of the total state and total war.But today, we hear him speak again in this book.Bettina B. Greaves did the translations. It is her view that in that in the essays, Mises provides the clearest explanation of the Great Depression ever written. Indeed, he is crystal clear: precise, patient, and thorough. It makes for a gripping read, especially given that we face many of the same problems today.This book refutes the socialists and Keynesian, as well as anyone who believes that the printing press can provide a way out of trouble. Mises shows who was responsible for driving the world into economic calamity. It was the inevitable effects of the government's monopoly over money and banking.

This new edition (completely reset) of Planned Chaos features a new introduction by Chris Westley of Jacksonville State University. The introduction brings this classic up to date - not that it has ever fallen out of date or ever will.The title comes from Mises's description of the reality of central planning and socialism, whether of the national variety (Nazism) or the international variety (communism). Rather than create an orderly society, the attempt to central plan has precisely the opposite effect. By short-circuiting the price mechanism and forcing people into economic lives contrary to their own chosing, central planning destroys the capital base and creates economic randomness that eventually ends in killing prosperity.This important work was written decades after Mises's original essay on economic calculation and includes the broadest and boldest attack on all forms of state control.

(pocketbook)

Book by Trotsky, Leon

First published in 2006. Routledge is an imprint of Taylor & Francis, an informa company.

This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.

Isaak Illich Rubin (12 June 1886, Dinaburg, now Latvia - 27 November 1937, Aktobe, now Kazakhstan) was a Soviet Marxian economist. His main work Essays on Marx's Theory of Value was published in 1924. He was executed in 1937 during the course of the Great Purge, but his ideas have since been rehabilitated. Rubin's main work emphasised the importance of Marx's theory of commodity fetishism in the labor theory of value. Against those who counterposed Marx's early interest in alienation with his later economic theory, Rubin argued that Marx's mature economic work represented the culmination of his lifetime project to understand how human creative power is shaped, defined, and limited by social structures, which take on a uniquely "objective" economic form under capitalism. Significantly, Rubin is at pains to argue that simple commodity production is not a historical phenomenon that developed into capitalism, as it is often understood by both Marxists and critics of Marx; rather, it is a theoretical abstraction that explains one aspect of a fully developed capitalist economy. The concept of value, as understood by Rubin, cannot exist without the other elements of a full-blown capitalist economy: money, capital, the existence of a proletariat, and so on. Rubin's work was never reissued in the Soviet Union after 1928, but in 1972 Essays on Marx's Theory of Value was translated into English by Fredy Perlman and Milos Samardzija. This work became a foundation stone of the "value-form" approach to Marxist theory, exemplified by Hans-Georg Backhaus, Chris Arthur, Geert Reuten, and the "Konstanz-Sydney" group (Michael Eldred, Mike Roth, Lucia Kleiber, and Volkbert Roth). In this interpretation of Marx, "it is the development of the forms of exchange that is seen as the prime determinant of the capitalist economy rather than the content regulated by it". Capitalism is here understood as a method of regulating human labor by giving it the social form of an exchangeable commodity (the "value-form"), rather than a disguised or mystified system that is otherwise similar in content to other class-based societies. According to Arthur, the rediscovery of Rubin's "masterly exegesis" was "the most important single influence on the value form approach to Capital". (wikipedia.org)

A new English translation of Isaak Illich Rubin’s classic Essays on Marx’s Theory of Value. First published in the Soviet Union in 1923, Rubin’s book sparked a fierce value controversy with contemporary Soviet economists during the late 1920s. As such, the present translation is conceived as a variorum edition, including all the essential supplementary materials related to this foundational work in Marx’s value theory, published here in English for the first time. In addition to Rubin’s main work, this edition includes his four most important related publications, as well as ten debate articles written and published by his contemporary proponents and opponents.

The contributors to the book were asked to give their assessment of how the messages of Schumpeter's famous tract "Capitalism, Socialism, and Democracy" have stood the test of time. Much as happened in the forty years since Schumpeter wrote the book. Is it possible to say that events have tended to confirm or refute the author's provocative prognoses? Each contributor provides a different and nuanced answer to these questions. The continued importance of those questions has ensured that a century after Schumpeter's birth, scholars take his writings seriously, treating them as living contributions to contemporary debates.

This Is A New Release Of The Original 1886 Edition. Or A History Of The Monetary Laws And Systems Of Various States Since The Dark Ages, And Their Influence Upon Civilization.

2014 Reprint of Original 1960 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. "Epistemological Problems" is a milestone in Ludwig von Mises' groundbreaking development of praxeology. This important work contains foundational thoughts on his theory of human action, or "logic of action," which forms the "distinctive methodology of the Austrian School... Mises was not only the major architect and elaborator of this methodology, but also the economist who most fully and successfully applied it to the construction of economic theory" (Rothbard). Mises headed the Austrian School, which "celebrates freedom and the individual, rather than determinism and the collective... and explicitly rejects the idea that the natural sciences provide the proper model for economic analysis" (Shenoy et al., Towards a Theoretical Framework, 19, 19n). In establishing the school's epistemological foundations, Mises first began working on the subject in a series of articles published in the 1920s. He "collected and published them in his seminal philosophical and methodological work, "Grundprobleme der Nationalökonimie" in 1933," which was not translated into English until this edition. Here Mises presents "economics from the point of view of the philosophy of science, and the actual economic analysis of value and inconvertible capital." The first chapter of the book, "The Task and Scope of the Science of Human Action," evolved as the core of the system "Mises had been working on for years... He argued that economic laws were true a priori, on a par with the laws of logic and mathematics... [This] remained one of his most controversial tenets," in that it frames economic theory as addressing "acts of the real world, such as the one that human beings make choices. But the facts of this sort cannot be observed... Economics is not an empirical science in this sense, but it is a science nevertheless." To Mises "the epistemology of economics was not just an idle pastime for ivory tower intellectuals. It was of direct practical relevance." "Epistemological Problems" remains fundamental in establishing the "significance of economic calculation for the architecture of economic science." It is his most powerful and comprehensive elaboration of the span of economic science, arguing that errors of socialism, institutional racism, nationalism and other aspects of human society can be seen as a revolt against the distinctive rationality of economic logic and science. A work that "has lost nothing of its importance... Epistemological Problems contains a considerable amount of discussion that cannot be found in any other of his writings... in particular his critical discussion of the works of those thinkers to whom he felt the greatest intellectual affinity and intellectual debt: Carl Menger, Eugen von Bohm-Bawerk and Max Weber" (Hülsmann, Introduction, 2002 edition, 670-671, 948, xxix, lv).

2012 Reprint of 1962 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. If Mises has an unheralded masterpiece, "The Ultimate Foundation of Economic Science" is it. There are two senses in which this book is indeed ultimate: it deals with the very core of economics as a science, and it is the last book that he wrote. For that reason, it is a real milestone in the history of his work. In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine.

This second edition takes into account the major developments in economics and jurisprudence that have occurred since the publication of the first edition. A new chapter has been added on anti-discrimination law and such topics as adverse possession, rent control, medical malpractice, product reliability, and defense against criminal prosecution have been reexamined in the light of new theoretical developments and case studies. Environmental law and a careful comparison of alternative methods to control the environment are included.

The Canadian Conference of Catholic Bishops' 1983 report, "Ethical Reflections on the Economic Crisis," was an attempt to bring moral and theological structure to the difficulties faced by many Canadians during the economic downturn of the early 1980s. In this short critique, Walter Block makes a strong argument that the report, though composed with the best of intentions, advocates policies which will have effects opposite those intended. Writing always with humor and compassion, Block includes a list of further reading to help his readers to research and draw their own conclusions. About the Author Walter Block earned his PhD in Economics at Columbia University. He is an author, editor, and co-editor of many books which include Defending the Undefendable ; Lexicon of Economic Thought, Economic Freedom of the World 1975-1995 ; Rent Control: Myths and Realities ; Discrimination, Affirmative Action, and Equal Opportunity ; Theology, Third Word Development and Economic Justice ; Man, Economy, and Liberty: Essays in Honor of Murray N. Rothbard ; Religion, Economics, and Social Thought ; and Economic Freedom: Toward a Theory of Measurement .Dr. Block has written more than 500 articles for various non-refereed journals, magazines and newspapers, and is a contributor to such journals as The Review of Austrian Economics , Journal of Libertarian Studies , The Journal of Labor Economics , Cultural Dynamics , and the Quarterly Journal of Austrian Economics . He is currently a professor and chair of economics at Loyola University.