Encyclopedia of political economy, by Phillip O'Hara

By Phillip O'Hara

This authoritative paintings is the 1st absolutely refereed A-Z compendium of the most recommendations, difficulties, associations, faculties and rules linked to political economic climate. The entries emphasize the applying of the foundations of political financial system to genuine international difficulties similar to inflation, unemployment, improvement and fiscal instability, and supply worthwhile feedback for extra studying. The paintings covers all the significant components during this becoming box. as well as serving as an authoritative reference resource for all degrees, this paintings bargains a accomplished advent to the sphere for undergraduates taking classes in political economic climate or graduate scholars coming to the sphere for the 1st time.

Entries comprise: anarchism, bioeconomics, enterprise ethics, contradictions, company pursuits, monetary crises, overseas relief, online game idea, international liberalism, nice melancholy, commercial relatives, Karl Marx, patriarchy, precapitalist global platforms, racism, rationality, Schumpeterian pageant, social cloth matrix, social salary, Piero Sraffa.

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The book basically argued that current trends in economic growth would result in global production overshooting the earthâ s finite capacity to supply natural resources. Using a computer simulation of the global economy, the authors showed that overshooting global natural resource production capacity would result in a collapse of industrial output and food production and, with a lag, population decline. They also showed that a doubling of the natural resource base would fail to prevent collapse, because pollution becomes a limiting factor by reducing food production and increasing death rates.

Economic growth, by initiating damaging waste emissions and causing the human appropriation of natural ecosystems, reduces the capacity of the global ecosystem to supply these critical environmental resources and services. To its peril, NEOCLASSICAL ECONOMICS tends to treat the problem of environmental disruption as a relatively minor market failure problem, which is easily patched up by getting the prices right through voluntary deals between polluters and those hurt by POLLUTION, as well as through government regulation.

Davidson, Paul (1968) Money and the Real World, London: Macmillan. Dow, Alexander C. and Dow, Sheila C. ), New Directions in Post-Keynesian Economics, Aldershot: Edward Elgar. Dow, Sheila C. Riach (eds), A â Editionâ of the General Theory , London: Routledge. in Second Kaldor, Nicholas (1982) The Scourge of Monetarism, Oxford: Oxford University Press. Keynes, John Maynard (1936) The General Theory of Employment, Interest and Money, London: Macmillan. Radcliffe, Lord (1959) Report of the Committee on the Workings of the Monetary System, London: HMSO.

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