With contributions from authorities on four continents, this edited volume provides a comprehensive survey of the life and work of David Ricardo (1772–1823), a major contributor to the British classical school of political economy. After an editorial introduction that sets Ricardo’s work in the economic, political and social climate of his time, individual chapters are devoted to his business activities; his political work and its influence; his relationship with Robert Malthus; his thinki...

This book is an authoritative and accessible guide to the pluralist movement threatening to revolutionise mainstream economics. Leading figures in the field explain why pluralism is a required virtue in economics, how it came to be blocked and what it means for the way we think about, research and teach economics.The first part of the book looks at how neoclassical economics gained its stranglehold, particularly in the United States, and how the social and intellectual underpinning...

This vital addition to the Routledge History of Economic Thought series surveys arguably the most important country in the development of economics as we know it today – the United States of America.A History of American Economic Thought is a comprehensive study of American economics as it has evolved over time, with several singularly unique features including: a thorough examination of the economics of American aboriginals prior to 1492; a detailed discussion of American economic...

This book answers a number of important questions about the distribution of wealth among people and the way that this distribution has changed over time. It provides a comprehensive analysis of the personal distribution of wealth from many dimensions: economic, statistical, ethical, political, sociological and legal.Using data from 21 countries, this book demonstrates how inequality in the distribution of wealth varies between different parts of the world and how it evolves, with p...

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate s...

In this major theoretical statement, the author offers a new and provocative interpretation of the institutional transformations associated with modernity. We do not as yet, he argues, live in a post-modern world. Rather the distinctive characteristics of our major social institutions in the closing period of the twentieth century express the emergence of a period of 'high modernity,' in which prior trends are radicalised rather than undermined. A post-modern social universe may eventually...

Thomas Sowell's incisive critique of the intellectuals' destructive role in shaping ideas about race in America*Intellectuals and Race is a radical book in the original sense of one that goes to the root of the problem. The role of intellectuals in racial strife is explored in an international context that puts the American experience in a wholly new light.The views of individual intellectuals have spanned the spectrum, but the views of intellectuals as a w...

This critical study of the development of systematic economic ideas explores them in both historical and contemporary contexts.Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today. As the Great Recession taught us in the first decade of the twenty-first century, the history of econ...

When low-income city dwellers lack access to mainstream banking services, many end up turning to ‘fringe banks,’ such as cheque-cashers and pawnshops, for some or all of their financial transactions. This predicament of ‘financial exclusion’ – faced by those underserved by conventional financial institutions – is comprehensively examined in Jerry Buckland's powerful study, Hard Choices.The first account of the nature and causes of financial exclusion in Canada, Hard Ch...

Liberty and freedom are frequently invoked to justify political action. Presidents as diverse as Woodrow Wilson, Franklin Delano Roosevelt, John F. Kennedy, Ronald Reagan, and George W. Bush have built their policies on some version of these noble values. Yet in practice, idealist agendas often turn sour as they confront specific circumstances on the ground. Demonstrated by incidents at Abu Ghraib and Guantánamo Bay, the pursuit of liberty and freedom can lead to violence and repression, u...

The pivotal and troubling role of progressive-era economics in the shaping of modern American liberalismIn Illiberal Reformers, Thomas Leonard reexamines the economic progressives whose ideas and reform agenda underwrote the Progressive Era dismantling of laissez-faire and the creation of the regulatory welfare state, which, they believed, would humanize and rationalize industrial capitalism. But not for all. Academic social scientists such as Richard T. E...

Governments are encouraging later-life working and state pension ages are being raised. There is also a growing debate on intergenerational equity and on ageism/age discrimination. John Macnicol, one of Europe's leading academic analysts of old age and ageing, examines the effect of neoliberalism on the recent ageing and social policy agenda in the UK and the USA. He argues that the demographic and economic impulses behind recent policy changes are in fact less important than the effect of...