This book addresses some of the many social challenges created by migration flows over the past decades. The volume brings together research from three different fields: economics, sociology and political science.
200 years after it was written, Adam Smith published The Wealth of Nations is still debated by governments internationally. Smith argued that 'mercantilism'-the theory that the national economy exists solely to strengthen the government, thus the government should regulate the economy-was wrong.
Focusing on the differences he observed in economic behavior between Catholics and Protestants, Weber's seminal 1905 work examines the role that morality plays in the lives people choose to lead seeking to isolate beliefs and practices that influenced economic behaviour.
Friedrich Hayek's The Road to Serfdom (1944) analyzes the ways in which excessive government planning can erode democracy. The work draws influential parallels between the totalitarianism of both left and right, questioning the central government control exerted by Western democracies.
In his best selling book Capital in the Twenty-First Century, economist Thomas Piketty argues that capitalism has no tendency towards a fair distribution of wealth taking issue with the idea that inequality declines as capitalism matures.
Classical economics suggests that market economies are self-correcting in times of recession or depression, and tend toward full employment and output. But English economist John Maynard Keynes disagrees. In his ground-breaking 1936 study The General Theory, Keynes argues that traditional economics has misunderstood the causes of unemployment.
When Manias, Panics, and Crashes was published (1978), the world was entering a new period of global economic turbulence. Economists based their analyses on the assumption that investors act rationally and often communicated their ideas with dry, technical language.
Considered his most important work, Mahbub ul Haq's Reflections on Human Development appeared at the end of his career in international development, and consolidates his revolutionary contribution to the discipline.