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Philip Stokes

Who am I? What is justice? What does it mean to live a good life? Many of the fundamental questions of philosophy are questions that we begin to ask ourselves as young adults when we look at the world around us, at ourselves, and try to make sense of things. This engaging and accessible book invites the reader to explore the questions and ar...

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Adam Smith

Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

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Adam Smith

Published in 1778, The Wealth of Nations was the first book on economics to catch the public's attention. It provides a recipe for national prosperity that has not been bettered since, based on small government and the freedom of citizens to act in their best interests. It reassuringly assumes no knowledge of its subject, and over 200 years on still provides valuable lessons on the fundamentals of economics. This deluxe, selected edition is a stylish keepsake from the Capstone Classics series. This edition includes: An abridged selection of all 5 books for the contemporary reader An original commentary offering new research and analysis by classic literature guru Tom Butler-Bowdon A biography and chronology of Adam Smith's life and the events surrounding the original publication of the work Today, The Wealth of Nations is still essential reading for any business or self-development library, reminding us that it is the ingenuity and drive of people, not governments, that remains the source of personal, national and global prosperity.

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Adam Smith

An easier-to read, moderately abridged, current language version of the 1776 classic. Adam Smith's The Wealth of Nations is the great pioneering study of economic growth and performance. When first published in 1776, the factory-based Industrial Revolution was only just getting underway. However, there had been steadily rising production and incomes in Britain, the North American colonies, Holland and other countries since at least the late 17th century. Smith uses basic theory, observation and documentary sources to analyze the nature and causes of economic advancement in general. The book is lengthy and wide-ranging. It examines the contributions to production of labour, land and capital. It explains the economic importance of large buoyant markets and industrial specialization. It also shows that national wealth does not depend on economic factors alone. For example, the favourableness or otherwise of the political-legal environment for industry and commerce is everywhere a major influence on national prosperity. This is a moderately abridged current language version of the book – essentially translating the work into modern English to improve its readability and understandability. The translation is substantive but retains literalness and original word order and grammar as far as possible. CONTENTS: Editorial Foreword Author’s Introduction BOOK 1: INDUSTRIAL PRODUCTION, DISTRIBUTION AND INCOMES Chapter 1: Industrial Specialization Chapter 2: The Origins Of Industrial Specialization Chapter 3: The Extent Of The Market Limits Specialization Chapter 4: The Origins And Use Of Money Chapter 5: The Real Economic And Nominal Monetary Prices Of Goods Chapter 6: Supply Prices, Production Costs And Incomes Chapter 7: The Natural And Market Prices Of Products Chapter 8: The Wages Of Labour Chapter 9: The Profits Of Capital Chapter 10: Wages And Profits In Different Trades Chapter 11: The Rent Of Land BOOK 2: CAPITAL – ITS NATURE, ACCUMULATION AND USES Chapter 1: Different Types Of Capital Chapter 2: Monetary Capital Chapter 3: The Accumulation Of Capital Chapter 4: Capital Lent At Interest Chapter 5: The Different Uses Of Capital BOOK 3: NATIONAL ECONOMIC GROWTH AND PERFORMANCE DIFFERENCES Chapter 1: The Natural Process Of Economic Growth Chapter 2: The Discouragement Of Agriculture In Europe After The Fall Of The Roman Empire Chapter 3: Urban Growth And Manufacturing After The Fall Of The Roman Empire Chapter 4: The Contribution Of Urban Industry And Commerce To Rural Economies BOOK 4: POLITICAL-ECONOMIC THEORIES AND POLICIES Chapter 1: The Mercantilist Political Economic Model Chapter 2: Restrictions On Importing Goods Capable Of Domestic Production Chapter 3: Restrictions On Imports To Correct So-called Disadvantageous Trade Balances Chapter 4: Tax Refunds On Exports Chapter 5: Export Subsidies Chapter 6: Treaties Of Commerce Chapter 7: Colonies Chapter 8: The Mercantilist System – Conclusions Chapter 9: The Agricultural Political Economic Model – The Notion Of Land As The Great Source Of National Wealth BOOK 5: GOVERNMENT FINANCES – PUBLIC EXPENDITURE, TAXATION AND BORROWING Chapter 1: Government Expenditure Chapter 2: The Sources Of General Public Revenues Chapter 3: Public Debts

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Adam Smith

The Wealth of Nations is a treasured classic of political economy. First published in March of 1776, Adam Smith wrote the book to influence a special audience - the British Parliament - and its arguments in the early spring of that year pressed for peace and cooperation with Britain's colonies rather than war. Smith's message was that economic exploitation, through the monopoly trade of empire, stifled wealth-creation in both home and foreign lands. Moreover, protectionism preserved the status quo, and privileged a few elites at the expense of long run growth. Smith wrote, "It is the industry which is carried on for the benefit of the rich and the powerful that is principally encouraged by our mercantile system. That which is carried on for the benefit of the poor and the indigent is too often either neglected or oppressed." This edition, based on the classic Cannan version of the text, includes a foreword by George Osborne MP and an introduction by Jonathan B. Wight, University of Richmond, which aims to place the work in a business context. Wight also provides an invaluable 'Notable Quotes' section where he extracts and categorises some of the most famous and pertinent sections of Smith's work. This classic work is as essential today as it was when it first written.

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Adam Smith

This carefully annotated selection features the main analysis of the operation of an economic system, the introductory chapter of the great attack on mercantilism, and portions of the analysis of the functions of the state-Books I, IV, and V. Edited by George J. Stigler, this useful volume includes an introduction and a bibliography.

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Adam Smith

Best known for his revolutionary free-market economics treatise The Wealth of Nations, Adam Smith was first and foremost a moral philosopher. In his first book, The Theory of Moral Sentiments, he investigated the flip side of economic self-interest: the interest of the greater good. Smith's classic work advances ideas about conscience, moral judgement and virtue that have taken on renewed importance in business and politics. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators. From the Trade Paperback edition.

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Nicole Woolsey Biggart

These articles, over thirty in total, reflect the best and latest thought in the exciting field of economic sociology. Beginning with the foundation of Smith, Marx, Engels and Polanyi, the volume gathers some of the best writings by economic sociologists that consider national and world economies as both products and influences of society. Contains over twenty articles by classical and contemporary economic social theorists. Covers important topics on economic action, states, and markets. Includes insightful editorial introductions and further reading suggestions.

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Alexander Hamilton

On December 5th, 1791, Alexander Hamilton, then the first U.S. Secretary of the Treasury, delivered to the House of Representatives a speech on the state of the economy of the young nation, and the best ways to promote it. This sixth edition, published in 1827, features two prefaces that place in context this groundbreaking treatise. Quite literally a foundational document of the United States, Hamilton's philosophy heartily endorses industrial subsidies and trade tariffs and embraces immigration and new technology. It established the underpinnings of the American economy for a century, and more. A towering figure of 18th-century history, American Founding Father ALEXANDER HAMILTON (1755-1804) was one of the new nation's first constitutional lawyers. As one of the authors of the Federalist Papers, which interprets the intent of the United States Constitution, his legal writings continue to be consulted and even revered today.

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Russ Roberts

A forgotten book by one of history's greatest thinkers reveals the surprising connections between happiness, virtue, fame, and fortune. Adam Smith may have become the patron saint of capitalism after he penned his most famous work, The Wealth of Nations. But few people know that when it came to the behavior of individuals—the way we perceive ourselves, the way we treat others, and the decisions we make in pursuit of happiness—the Scottish philosopher had just as much to say. He developed his ideas on human nature in an epic, sprawling work titled The Theory of Moral Sentiments. Most economists have never read it, and for most of his life, Russ Roberts was no exception. But when he finally picked up the book by the founder of his field, he realized he’d stumbled upon what might be the greatest self-help book that almost no one has read. In How Adam Smith Can Change Your Life, Roberts examines Smith’s forgotten masterpiece, and finds a treasure trove of timeless, practical wisdom. Smith’s insights into human nature are just as relevant today as they were three hundred years ago. What does it take to be truly happy? Should we pursue fame and fortune or the respect of our friends and family? How can we make the world a better place? Smith’s unexpected answers, framed within the rich context of current events, literature, history, and pop culture, are at once profound, counterintuitive, and highly entertaining. From the Trade Paperback edition.

download ebook knowledge and the wealth of nations: a story of economic discovery pdf epub

David Warsh

"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.

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Alexis Tocqueville

In 1831 Tocqueville set out from post-revolutionary France on a journey across America that would take him 9 months and cover 7,000 miles. The result was DEMOCRACY IN AMERICA: a subtle and prescient analysis of the life and institutions of 19th-century America. Tocqueville's study of the strengths and weaknesses of an evolving democratic society has been quoted by every American president since Eisenhower. It remains a key point of reference for any discussion of the American nation or the democratic system.

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Rosa Luxemburg

Rosa Luxemburg was a revolutionary socialist who fought and died for her beliefs. In January 1919, after being arrested for her involvement in a workers' uprising in Berlin, she was brutally murdered by a group of right-wing soldiers. Her body was recovered days later from a canal. Six years earlier she had published what was undoubtedly her finest achievement, The Accumulation of Capital - a book which remains one of the masterpieces of socialist literature. Taking Marx as her starting point, she offers an independent and fiercely critical explanation of the economic and political consequences of capitalism in the context of the turbulent times in which she lived, reinterpreting events in the United States, Europe, China, Russia and the British Empire. Many today believe there is no alternative to global capitalism. This book is a timely and forceful statement of an opposing view.

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Melvyn Bragg

When we think of great events in the history of the world, we tend to think of war, revolution, political upheaval or natural catastrophe. But throughout history there have been moments of vital importance that have taken place not on the battlefield, or in the palaces of power, or even in the violence of nature, but between the pages of a book. In our digitised age of instant information it is easy to underestimate the power of the printed word. In his fascinating new book accompanying the ITV series, Melvyn Bragg presents a vivid reminder of the book as agent of social, political and personal revolution. Twelve Books that Changed the World presents a rich variety of human endeavour and a great diversity of characters. There are also surprises. Here are famous books by Darwin, Newton and Shakespeare - but we also discover the stories behind some less well-known works, such as Marie Stopes' Married Love, the original radical feminist Mary Wollstonecraft's A Vindication of the Rights of Woman - and even the rules to an obscure ball game that became the most popular sport in the world . . .

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John Collins

Adam Smith’s 1776 Inquiry into The Nature and Causes of the Wealth of Nations – more often known simply as The Wealth of Nations – is one of the most important books in modern intellectual history. Considered one of the fundamental works of classical economics, it is also a prime example of the enduring power of good reasoning, and the ability of reasoning to drive critical thinking forward. Adam Smith was attempting to answer two complex questions: where does a nation’s wealth come from, and what can governments do to increase it most efficiently? At the time, perhaps the most widely accepted theory, mercantilism, argued that a nation’s wealth was literally the amount of gold and silver it held in reserve. Smith, meanwhile, weighed the evidence and came to a different conclusion: a nation’s wealth, he argued, lay in its ability to encourage economic activity, largely without government interference. Underlying this radical redefinition was the revolutionary concept that powered Smith’s reasoning and which continues to exert a vast influence on economic thought: the idea that markets are self-regulating. Pitting his arguments against those of his predecessors, Smith carefully and persuasively reasoned out a strong case for free markets that reshaped government economic policies in the 19th-century and continues to shape global prosperity today.

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Adam Smith

The invisible hand of the market is a metaphor conceived by Adam Smith to describe the self-regulating behavior of the marketplace. The exact phrase is used just three times in Smith's writings, but has come to capture his important claim that individuals' efforts to maximize their own gains in a free market benefits society, even if the ambitious have no benevolent intentions. Smith came up with the two meanings of the phrase from Richard Cantillon who developed both economic applications in his model of the isolated estate. He first introduced the concept in The Theory of Moral Sentiments, written in 1759. In this work, however, the idea of the market is not discussed, and the word "capitalism" is never used. By the time he wrote The Wealth of Nations in 1776, Smith had studied the economic models of the French Physiocrats for many years, and in this work the invisible hand is more directly linked to the concept of the market: specifically that it is competition between buyers and sellers that channels the profit motive of individuals on both sides of the transaction such that improved products are produced and at lower costs. Adam Smith (1723–1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era. Smith is best known for two classic works: The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics.

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Adam Smith

Recherches sur la nature et les causes de la richesse des nations (en anglais, An Inquiry into the Nature and Causes of the Wealth of Nations), ou plus simplement la Richesse des nations, est le plus célèbre ouvrage d’Adam Smith. Publié en 1776, c’est le premier livre moderne d’économie. Smith y expose son analyse sur l’origine de la prospérité récente de certains pays, comme l’Angleterre ou les Pays-Bas. Il développe des théories économiques sur la division du travail, le marché, la monnaie, la nature de la richesse, le « prix des marchandises en travail », les salaires, les profits et l’accumulation du capital. Il examine différents systèmes d’économie politique, en particulier le mercantilisme et la physiocratie. Il développe aussi l’idée d’un ordre naturel, le « système de liberté naturelle », résultant de l’intérêt individuel se résolvant en intérêt général par le jeu de la libre entreprise, de la libre concurrence et de la liberté des échanges.

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Christopher J. Berry,Maria Pia Paganelli,Craig Smith

Adam Smith (1723-90) is a thinker with a distinctive perspective on human behaviour and social institutions. He is best known as the author of the An Inquiry into the Nature and Causes of the Wealth of Nations (1776). Yet his work is name-checked more often than it is read and then typically it is of an uninformed nature; that he is an apologist for capitalism, a forceful promoter of self-interest, a defender of greed and a critic of any 'interference' in market transactions. To offset this caricature, this Handbook provides an informed portrait. Drawing on the expertise of leading Smith scholars from around the world, it reflects the depth and breadth of Smith's intellectual interests. After an introductory outline chapter on Smith's life and times, the volume comprises 28 new essays divided into seven parts. Five sections are devoted to particular themes in Smith's corpus - his views on Language, Art and Culture; his Moral Philosophy; his Economic thought, his discussions of History and Politics and his analyses of Social Relations. These five parts are framed by one that focuses on the immediate and proximate sources of his thought and the final one that recognizes Smith's status as a thinker of world-historical significance - indicating both his posthumous impact and influence and his contemporary resonance. While each chapter is a discrete contribution to scholarship, the Handbook comprises a composite whole to enable the full range of Smith's work to be appreciated.

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James R. Otteson

The Scottish philosopher Adam Smith (1723-1790) was as a pioneer of political economy. In fact, his economic thought became the foundation of classical economics and his key work, An Inquiry into the Nature and Causes of the Wealth of Nations, is considered to be the first modern work in economics. For Smith, a free competition environment was the best way to foster economic development that would work in accordance with natural laws. The framework he set up to explain the free market remains true to this day.

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Ian Simpson Ross

Adam Smith (1723-1790) is perceived, through his best-known book, An Inquiry into the Nature and Causes of the Wealth of Nations, as the founder of economics as a science. His thought has shaped modern ideas about the market economy and the role of the state in relation to it. Yet Smith needs to be recognized as more than this, as a man of letters, moralist, historian, and critic, as well as an economist, if we are to get full value for his ideas and perspectives in contemporary applications. Ian Simpson Ross is the biographer of Lord Kames, Smith's patron, and of the Scottish poet William Dunbar, and has edited, with E C Mossner, Smith's correspondence for the Glasgow edition of his works. In this, the first full-scale biography of Adam Smith for a hundred years, Ross brings his subject in to historical light as a thinker and author by examining his family circumstance, education, career, and social and intellectual circle, including David Hume and Francois Quesnay, revealed through his correspondence, archival documents, the reports of contemporaries, and the record of his publications. Readers will meet Smith as a student at a lively Glasgow and sleepy Oxford; freelance lecturer in rhetoric; innovative university teacher; tutor travelling abroad with a Duke; acclaimed political economist; policy advisor to governments during and after the American crisis; and finally, if paradoxically in view of his tenets, a Commissioner of Customs coping with the free traders in the smuggling business. This is the life of a Scottish moral philosopher whose legacy of thought concerns and affects us all. Its lively and informed account will appeal to those interested in the social and intellectual milieu of the eighteenth century, and in scottish history. Economists and philosophers will find much to read about the history of their disciplines, supported by full documentation.

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Nataliya Gudz

Seminar paper from the year 2004 in the subject Philosophy - Philosophy of the 17th and 18th Centuries, grade: 1.0 (A), Otto-von-Guericke-University Magdeburg, course: The Scottish Enlightenment in its European Context, language: English, abstract: Adam Smith was a key figure in the Scottish Enlightenment and tied to the French and American Enlightenments which were crucial chapters in the story of modernity. Smith's standing and influence were established early on. The publication of "The Theory of Moral Sentiments" in 1759 quickly made him famous. Smith's only other published book, "An Inquiry into the Nature and Causes of the Wealth of Nations" (published in 1776), was similarly received and won the careful scrutiny of Bentham, Hegel, and Marx, among the others. "The Wealth of Nations" clearly influenced thinkers in the American Founding and has served as a touchstone in scholarly discussions about the workings and protection of liberal economic arrangements. "The Wealth of Nations" has among its chief aims the just and effective pursuit of wealth. Smith's book is undoubtedly the most famous and enduring Enlightenment contribution on this subject. The Enlightenment is closely tied to the liberation of the desire for wealth, and so to commerce and the free market which are, according to Smith, the most effective means to the satisfaction of that desire. This desire to live better can be found earlier in Hobbes' works. Charles L.Griswold, Jr.1 in his book "Adam Smith and the Virtues of Enlightenment" gives some quotations from Hobbes' Leviathan and emphasises that a person is nothing without what Hobbes calls "perpetual tranquillity of mind". In other words, life is ceaselessly driven by desire, anxiety, and fear; it is eternally filled with disturbance and disquiet. Without any disturbances and misfortunes we could not possess real "felicity of mind". [...] 1 Charles L.Griswold, JR., Adam Smith and the Virtues of Enlightenment, Cambridge University Press, 1999, p. 219

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Charles Hall,Kent Klitgaard

For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, and as energy supplies and the environmental impacts of energy production and consumption become major issues on the world stage, this exemption appears illusory at best. In Energy and the Wealth of Nations, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the EROI for finding and exploiting new oil fields, and whether alternative energy technologies such as wind and solar power meet the minimum EROI requirements needed to run our society as we know it. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.

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Cheng-chung Lai

The materials collected in this volume all concern the translations of and receptions to Adam Smith's The Wealth of Nations in ten non-English-speaking countries. The Wealth of Nations provides the perfect basis for studying the international transmission of economic ideas as it is generally considered to be the foundation of modern political economy, and still continues to be read after more than two centuries. Its appeal crosses national, cultural, and ideological boundaries -- countries investigated here range from China to Sweden -- and its enduring popularity is indicated by its status as the most translated economics book in history. Adam Smith Across Nations includes numerous sections which will of invaluable assistance to any Smith researcher. As well as presenting reviews and analysis from each country from the 18th century to the present day, an appendix lists editions of The Wealth of Nations in 18 languages, enabling the reader to understand the speed and number of translations. Most importantly, an introductory overview synthesises current research on the economic ideological context in the individual countries when The Wealth of Nations was introduced, the motives behind its introduction, its immediate reception, and the nature of the objections to Smith's doctrines. Professor Lai concludes that Smith's impact outside English-speaking country was predominantly limited to the realm of ideas: few of his policy recommendations were put into practice.

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William Hoffman,Leo Furcht

Scholars and policymakers alike agree that innovation in the biosciences is key to future growth. The field continues to shift and expand, and it is certainly changing the way people live their lives in a variety of ways. With a large share of federal research dollars devoted to the biosciences, the field is just beginning to live up to its billing as a source of innovation, economic productivity and growth. Vast untapped potential to imagine and innovate exists in the biosciences given new tools now widely available. In The Biologist's Imagination, William Hoffman and Leo Furcht examine the history of innovation in the biosciences, tracing technological innovation from the late eighteenth century to the present and placing special emphasis on how and where technology evolves. Place is often key to innovation, from the early industrial age to the rise of the biotechnology industry in the second half of the twentieth century. The book uses the distinct history of bioinnovation to discuss current trends as they relate to medicine, agriculture, energy, industry, ecosystems, and climate. Fast-moving research fields like genomics, synthetic biology, stem cell research, neuroscience, bioautomation and bioprinting are accelerating these trends. Hoffman and Furcht argue that our system of bioscience innovation is itself in need of innovation. It needs to adapt to the massive changes brought about by converging technologies and the globalization of higher education, workforce skills, and entrepreneurship. The Biologist's Imagination is both a review of past models for bioscience innovation and a forward-looking, original argument for what future models should take into account.

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Mark Skousen

History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.

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Trevor C.W. Farrow

Privatization is occurring throughout the public justice system, including courts, tribunals, and state-sanctioned private dispute resolution regimes. Driven by a widespread ethos of efficiency-based civil justice reform, privatization claims to decrease costs, increase speed, and improve access to the tools of justice. But it may also lead to procedural unfairness, power imbalances, and the breakdown of our systems of democratic governance. Civil Justice, Privatization, and Democracy demonstrates the urgent need to publicize, politicize, debate, and ultimately temper these moves towards privatized justice. Written by Trevor C.W. Farrow, a former litigation lawyer and current Chair of the Canadian Forum on Civil Justice, Civil Justice, Privatization, and Democracy does more than just bear witness to the privatization initiatives that define how we think about and resolve almost all non-criminal disputes. It articulates the costs and benefits of these privatizing initiatives, particularly their potential negative impacts on the way we regulate ourselves in modern democracies, and it makes recommendations for future civil justice practice and reform.

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Woody Tasch

Could there ever be an alternative stock exchange dedicated to slow, small, and local? Could a million American families get their food from CSAs? What if you had to invest 50 percent of your assets within 50 miles of where you live?Such questions-at the heart of slow money-represent the first steps on our path to a new economy. Inquiries into the Nature of Slow Money presents an essential new strategy for investing in local food systems and introduces a group of fiduciary activists who are exploring what should come after industrial finance and industrial agriculture. Theirs is a vision for investing that puts soil fertility into return-on-investment calculations and serves people and place as much at it serves industry sectors and markets. Leading the charge is Woody Tasch-whose decades of work as a venture capitalist, foundation treasurer, and entrepreneur now shed new light on a truer, more beautiful, more prudent kind of fiduciary responsibility. He offers an alternative vision to the dusty old industrial concepts of the nineteenth and twentieth centuries when dollars, and the businesses they financed, lost their connection to place; slow money, on the other hand, is firmly rooted in the new economic, social, and environmental realities of the 21st century. Inquiries into the Nature of Slow Money is a call to action for designing capital markets built around not extraction and consumption but preservation and restoration. Is it a movement or is it an investment strategy? Yes.

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Adam Smith

Best known for his revolutionary free-market economics treatise The Wealth of Nations, Adam Smith was first and foremost a moral philosopher. In his first book, The Theory of Moral Sentiments, he investigated the flip side of economic self-interest: the interest of the greater good. Smith's classic work advances ideas about conscience, moral judgement and virtue that have taken on renewed importance in business and politics. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators. From the Trade Paperback edition.

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R. H. Coase

How do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries. In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith, Alfred Marshall, Arnold Plant, Duncan Black, and George Stigler, as well as economists at the London School of Economics in the 1930s. Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991.

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Jane Austen

Jane Austen's Emma (1816) tells the story of the coming of age of Emma Woodhouse, "handsome, clever, and rich," who "had lived nearly twenty-one years in the world with very little to distress or vex her." Typical for the novel's time, Emma's transition to womanhood is accomplished through courtship—both of those around her and, ultimately, her own. As in other Austen works, education and courtship go hand in hand, and Emma's process of learning to relinquish the power of having her own way is also a process of falling in love. However, in Emma this classic plot is both complicated by and reflective of a collection of contemporary issues, assumptions, and anxieties that highlight just how "political" even the most conventional of courtship plots can be. This Broadview edition includes a critical introduction and an extensive collection of historical documents relating to the composition and reception of the novel, the social implications of England's shift from a rural agrarian to an urban industrial economy, the role of women in provincial society, and the contemporary preoccupation with health and the treatment of illness.

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Thomas Hippler,Miloš Vec

'Peace' is often simplistically assumed to be war's opposite, and as such is not examined closely or critically idealized in the literature of peace studies, its crucial role in the justification of war is often overlooked. Starting from a critical view that the value of 'restoring peace' or 'keeping peace' is, and has been, regularly used as a pretext for military intervention, this book traces the conceptual history of peace in nineteenth century legal and political practice. It explores the role of the value of peace in shaping the public rhetoric and legitimizing action in general international relations, international law, international trade, colonialism, and armed conflict. Departing from the assumption that there is no peace as such, nor can there be, it examines the contradictory visions of peace that arise from conflict. These conflicting and antagonistic visions of peace are each linked to a set of motivations and interests as well as to a certain vision of legitimacy within the international realm. Each of them inevitably conveys the image of a specific enemy that has to be crushed in order to peace being installed. This book highlights the contradictions and paradoxes in nineteenth century discourses and practices of peace, particularly in Europe.

download ebook general equilibrium models of monetary economies pdf epub

Ross M. Starr

General Equilibrium Models of Monetary Economies: Studies in the Static Foundations of Monetary Theory is a collection of essays that addresses the integration of the theory of money and the theory of value by using a mathematical general equilibrium theory. The papers discuss monetary theory, microeconomic theory, bilateral trade, transactions costs, intertemporal allocation, and the value of money. The Arrow-Debreu model of Walrasian general equilibrium theory provides a framework to represent money as a device for facilitating trade among economic agents without the use of money as a medium of exchange and as a store of value. The essays analyze the rationale for using a medium of exchange, for using a store of value, and for holding of idle balances in equilibrium. The essays show that by explicit modeling of the structure and difficulties of trade, a powerful class of models which deny money and finance a role in the economy, has by itself shown to have provided the foundation for the structures of trade. The collection will prove helpful for economists, statistician, mathematicians, students or professors of economics and business.

download ebook the protestant ethic or the spirit of capitalism pdf epub

Kathryn D. Blanchard

Since the publication of Max Weber's classic, The Protestant Ethic and the Spirit of Capitalism, it has long been assumed that a distinctly Protestant ethos has shaped the current global economic order. Against this common consensus, Kathryn D. Blanchard argues that the theological thought of John Calvin and the Protestant movement as a whole has much to say that challenges the current incarnation of the capitalist order. This book develops an approach to Christian economic ethics that celebrates God's gift of human freedom, while at the same time acknowledging necessary, and indeed vital, limitations in the context of material and social life. Through sustained interaction with such unlikely dialogue partners as Adam Smith, Milton Friedman, Deirdre McCloskey, and Muhammad Yunus, this book shows that the virtues of self-denial, neighbor love, and sympathy have been quite at home in the capitalism of the past, and can be again. Though self-interest has enjoyed several decades as the unquestioned ruling principle of American economics, other-interest is steadily coming back into view, not only among Christian ethicists, but among economists as well. This book explores the important implications of this shift in economic thinking from a theological perspective.

download ebook modern political philosophy pdf epub

Richard Hudelson

An introduction to the topics and issues in political philosophy, from the Enlightenment to Postmodernism. The author presents both the historical background of, and a systematic discussion of contemporary issues relating to the major traditions within political philosophy.