Contents

List of figures and tables viii

List of contributors ix

General introduction 1

Gilbert Faccarello and Heinz D. Kurz

Balance of payments and exchange rates 5

Jerome de Boyer des Roches and Rebeca Gδmez Betancourt

Behavioural and cognitive economics 22

Salvatore Rizzello and Anna Spada

Business cycles and growth 27

Michael Assous, Muriel Dal Pont Legrand and Harald Hagemann

Capital theory 40

Fabio Petri

Competition 70

Neri Salvadori and Rodolfo Signorino

Corporatism 82

Sergio Noto

Development economics 91

Amitava Krishna Dutt

Econometrics 106

Marcel Boumans

Economic dynamics 117

J.

Economic geography 133

Jacques-Franςois Thisse

Economic sociology 148

Philippe Steiner

Economics and philosophy 161

Hartmut Kliemt

Evolutionary economics 175

Kurt Dopfer

Experimental economics 194

Salvatore Rizzello and Anna Spada

Financial economics 198

Perry Mehrling

Formalization and mathematical modelling 208

Paola Tubaro

Game theory 222

Robert Leonard

General equilibrium theory 236

Alan Kirman

Growth 254

Heinz D. Kurz and Neri Salvadori

Income distribution 274

Arrigo Opocher

Industrial organization 291

Manuela Mosca

Input-output analysis 305

Guido Erreygers

Institutional economics 316

Elodie Bertrand

International trade 329

Andrea Maneschi

Labour and employment 356

Antonella Stirati

Macroeconomics 372

Michel De Vroey and Pierre Malgrange

Methods in the history of economic thought 391

Jose Luis Cardoso

Money and banking 402

Jerome de Boyer des Roches and Sylvie Diatkine

Open economy macroeconomics 427

Joern Kleinert

Political philosophy and economics: freedom and labour 436

Ragip Ege and Herrade Igersheim

Population 452

Claudia Sunna

Poverty 469

Katsuyoshi Watarai

Public economics 480

Richard Sturn

Resource and environmental economics 499

Eiji Hosoda

Social choice 518

Maurice Salles

Technical change and innovation 538

David Haas, Heinz D. Kurz, Nicole Kathrin Palan, Andreas Rainer,

Marlies Schutz and Rita Strohmaier

Theory of the firm 553

Elodie Bertrand

Uncertainty and information 563

Alberto Baccini

Utilitarianism and anti-utilitarianism 576

Antoinette Baujard

Value and price 589

Duncan Foley and Simon Mohun

Welfare economics 611

Antoinette Baujard

Index

625

Figures and tables

Figures

1 w(r) curves of different techniques 49

2 Shifting Kaldorian nonlinear investment functions 125

3 Chaotic Grandmont monetary dynamics 126

4 Chaotic hysteresis in a Puu nonlinear accelerator model 127

5 Land as an indispensable resource 258

6 Relative per worker incomes in the Ricardian model 338

7 Barone’s 1908 representation of the gains from trade 345

8 The relationship between fish stock and its growth 506

9 Black’s single-peakedness 532

10 Black’s single-peakedness over {a, b, c} 532

Tables

1 Money prices in France and England 7

2 Money prices after the discovery of a new gold mine 7

3 Situation after the adjustment 7

4 Battle of the sexes 164

5 Rule taxonomy 182

6 Firm and household rules map into product rule 189

7 Workers needed annually to produce one unit of cloth and wine in

England and Portugal 337

8 Contrasting Keynesian and new classical macroeconomics 381