For use as a core text or as a supplement to principles of economics courses, this text develops an integrated theory of advanced capitalist economy based on an economic model of production and distribution. This theoretical analysis focuses on the profit rate, on how it is determined in goods markets, labour markets and by government policy, and how it in turn affects the economy. The text follows an inter-disciplinary approach and focuses on the main institutions and their historical evolution. This book is not a model of economic structure but about the real world economy - with students confronting genuine issues such as competition and conflict among nations, classes and races.

Understanding capitalism: Competition, command, and change in the U.S. economy

Business & Money

Bowles, Samuel

Economics

Harper&Row

For use as a core text or as a supplement to principles of economics courses, this text develops an integrated theory of advanced capitalist economy based on an economic model of production and distribution. This theoretical analysis focuses on the profit rate, on how it is determined in goods markets, labour markets and by government policy, and how it in turn affects the economy. The text follows an inter-disciplinary approach and focuses on the main institutions and their historical evolution. This book is not a model of economic structure but about the real world economy - with students confronting genuine issues such as competition and conflict among nations, classes and races.

Understanding Capitalism: Competition, Command, and Change in the U.S. Economy

Edwards, Richard

Harpercollins College Div

Understanding Capitalism: Competition, Command, and Change, Fourth Edition, is an introduction to economics that explains how capitalism works, why it sometimes fails, and how it undergoes and brings about change. It discusses both the conventional economic model and the role of power in economic interactions. Understanding Capitalism analyzes how profit-seeking is a source of competition among firms, conflict, and change.

Understanding Capitalism: Competition, Command, and Change

Roosevelt, Frank

Larudee, Mehrene

Oxford University Press

Understanding Capitalism: Competition, Command, and Change, Third Edition, is an introduction to economics that explains how capitalism works, why it sometimes does not work as well as we would like it to, and how over time it not only changes but also revolutionizes the world around us. The "three-dimensional approach" of the text focuses on competition in markets; command in firms, governments, and international relations; and change as a permanent feature of a capitalist economy driven by technical innovation and conflict over the distribution of income. The book covers the standard topics of supply and demand, market competition, imperfect competition, aggregate demand, inflation, and unemployment. It emphasizes the extraordinary dynamism and material productivity of the capitalist economy; the psychological foundations of human behavior; the logic and limitations of Adam Smith's invisible hand; technical change and the new information-based economy; global economic integration and its impact on national economies; the impact of economic activity on the environment; and inequality both within and among nations. In addition, it provides a critical evaluation of the tenets of neoclassical economics, a clear introduction to contract theory, and material drawn from new research in behavioral, institutional, and information economics. Understanding Capitalism, Third Edition, is ideal for undergraduate courses in economics and political economy. An Instructor's Manual is available to adopters. FEATURES OF THE THIRD EDITION ·Offers a new chapter on the behavioral foundations of economics, showing that the selfishness of the "economic man" leaves out the important role of other social motives and how individual tastes and values evolve in response to experiences ·Includes a new chapter that examines how economic success (and poverty) are passed on from parents to children and also looks at the increasing inequality of income and wealth along lines of race and gender ·Presents a completely revised and expanded treatment of the revolutionary changes that have been associated with capitalism over the past three centuries ·Provides boxed treatments of issues that can serve as the basis of classroom discussions ·Defines important terms in the margins throughout the text ·Contains a section entitled "Sources of Economic Information" that helps readers locate relevant outside data, both in print and online

Bowles and Halliday capture the intellectual excitement, analytical precision, and policy relevance of the new microeconomics that has emerged over the past decades. Drawing on themes of the classical economists from Smith through Marx and 20th century writers - including Hayek, Coase, andArrow - the authors use twenty-first century analytical methods to address enduring challenges in economics.The subtitle of the work - Competition, Conflict, and Coordination - signals their focus on how the institutions of a modern capitalist economy work, introducing students to recent developments in the microeconomics of credit and labor markets with asymmetric information, a dynamic analysis of howfirms compete going beyond price taking, as well as bargaining over the gains from exchange, social norms, and the exercise of power.The new benchmark model proposed by Bowles and Halliday is based on an empirical approach to economic actors and problems. They start from the premise that contracts are incomplete, and that as a result market failures, rather than being a special case illustrated by environmental spillovers, are tobe expected in markets for labor, credit, knowledge and throughout the economy. They explain how experiments show that human motivations include ethical as well as other-regarding preferences (rather than entirely self-interested) and explain why the technologies of knowledge-based economies are asource of winner-take-all rather than stable competition. The authors also consider the intrinsic limits of mechanism design and governmental interventions in the economy.Teaching recent developments in microeconomic theory allows the authors to provide students with the tools to analyze and engage in informed debate on the issues that concern them most: climate change, inequality, innovation, and epidemic spread. Tradeoffs are highlighted by providing models inwhich capitalism can be seen as an "innovation machine" that raises material living standards on average, while at the same time sustaining levels of inequality that many find to be unfair.Digital formats and resourcesThis title is available for students and institutions to purchase in a variety of formats and is supported by online resources.The e-book offers a mobile experience and convenient access to a variety of features that offer extra learning support. It allows students to engage in self-assessment activities, watch video material that further explains figures and mathematics, and offers the opportunity to work with interactivegraphs to understand how the models work: www.oxfordtextbooks.co.uk/ebooks/Drawing on the authors' decades of teaching the new microeconomics, this title is supported by a range of online resources for students and lecturers including multiple-choice-questions with instant feedback, further mathematical and discussion-based questions, a fully customizable test bank forlecturer use, PowerPoint slides to accompany each chapter, worksheets that can be assigned to the class, and answers to the problems set in the book.

Microeconomics: Competition, Conflict, and Coordination

Halliday, Simon D.

Why do policies and business practices that ignore the moral and generous side of human nature often fail? Should the idea of economic man—the amoral and self-interested Homo economicus—determine how we expect people to respond to monetary rewards, punishments, and other incentives? Samuel Bowles answers with a resounding “no.” Policies that follow from this paradigm, he shows, may “crowd out” ethical and generous motives and thus backfire. But incentives per se are not really the culprit. Bowles shows that crowding out occurs when the message conveyed by fines and rewards is that self-interest is expected, that the employer thinks the workforce is lazy, or that the citizen cannot otherwise be trusted to contribute to the public good. Using historical and recent case studies as well as behavioral experiments, Bowles shows how well-designed incentives can crowd in the civic motives on which good governance depends.

The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens (Castle Lecture Series)

Yale University Press

Three distinguished economists challenge the assumptions of Reaganomics, offering a twenty-one-point program for economic recovery

Beyond the Waste Land: A Democratic Alternative to Economic Decline

Gordon, David M.

Weisskopf, Thomas E.

Anchor Books

Beyond the Waste Land: A Democratic Alternative to Economic Decline (The Anchor Library of Economics)

DOUBLEDAY

See the best price to sell, buy, or rent books by Bowles, Samuel. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Bowles, Samuel

See the best price to sell, buy, or rent books by Bowles, Samuel. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Understanding capitalism: Competition, command, and change in the U.S. economy

Understanding Capitalism: Competition, Command, and Change in the U.S. Economy

Understanding Capitalism: Competition, Command, and Change

Understanding Capitalism: Competition, Command, and Change

Understanding Capitalism: Competition, Command, and Change

Microeconomics: Competition, Conflict, and Coordination

The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens (Castle Lecture Series)

The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens (Castle Lecture Series)

Beyond the Waste Land: A Democratic Alternative to Economic Decline

Beyond the Waste Land: A Democratic Alternative to Economic Decline (The Anchor Library of Economics)