Supply Chain Optimization under Uncertainty

Supply chain design for optimum performance

Barrie Michael Cole

March 2015 / ISBN: 978-1-62273-016-2
Availability: In stock
382pp. ¦ $90 £65 €75

Drawing on cutting-edge research, this book proposes a new 'Supply Chain Optimization under Uncertainty’, technology. Its application can bring many proven benefits to supply chain entities, any associated service providers, and, of course, the customers. The technology can provide the best design and operating solution for a Supply Chain Network (SCN) that is subject to any prevailing conditions of Operational Uncertainty (OU). A SCN is defined as a network of production facilities, distribution centers and retail sales outlets. OU is defined as any relevant combination of i) multiple process objectives e.g. a business needs to maximize operating profits and to minimize inventory levels, ii) fuzziness (<, <=, >, or >=) e.g. sales <= 1500 t/mth and iii) probability e.g. sale of fertilizer is dependent on probabilistic rainfall. Following this method always enables the determination of realistic optimum supply chain solutions, since the effects of any operational uncertainties are always provided for. The book is arranged in two parts. The first part covers the theory and recent research into supply chain optimization under uncertainty. The second part documents the application of the newly proposed technology to an agricultural fertilizer’s (NPK, South Africa) supply chain.

Generational Poverty

An Economic Look at the Culture of the Poor

Adam D. Vass Gal, Belmont University

February 2015 / ISBN: 978-1-62273-018-6
Availability: In stock
146pp. ¦ $35 £20 €25

Are the impoverished victims of circumstance or are they contributing to their situations through their own actions and principles? This perplexing question does not have a simple answer. "Generational Poverty: An Economic Look at the Culture of the Poor" examines both sides of the coin. Written by an economist, the book provides a unique perspective into the study of this emotionally-charged issue. It shows that economic analysis can shed light on some of the roots of persistent poverty and may point to its potential solution. Generational Poverty covers the author’s eye-opening experiences with a young man named Jermaine and his family, initiated through the Big Brothers Big Sisters (BBBS) program. As someone who cares for Jermaine and his family, it was nothing short of a surprise to see first-hand some of the obstacles Jermaine’s family are creating for themselves, while at the same time battling many of today’s social constructs. In the course of the program, the author learned a great deal about Jermaine’s life, culture, and the obstacles he faces. This work identifies impediments that Jermaine has experienced as well as common challenges faced in his community. In the words of the author: “Most of my research for this book is devoted to pinpointing these cultural issues and gathering varying opinions for each one. While I do detail each unique perspective, my goal is to align each argument to an economic fundamental. This creates a more consistent diagnosis that does not depend on a personal set of values. My hope is that future economists will continue to study this suffering portion of our population to determine the most effective way to remedy the continuingly increasing problem of poverty.”

Leonardo Da Vinci's Treatise of Painting

The Story of The World's Greatest Treatise on Painting - Its Origins, History, Content, And Influence.

Richard Shaw Pooler

January 2015 / ISBN: 978-1-62273-017-9
Availability: In stock
396pp. ¦ $55 £40 €50

This book traces the story of the world's greatest treatise on painting - Leonardo Da Vinci's "Treatise of Painting". It combines an extensive body of literature about the Treatise with original research to offer a unique perspective on: • Its origins, and history of how it survived the dispersal of manuscripts; • Its contents, their significance and how Leonardo developed his Renaissance Theory of Art; • The development of both the abridged and complete printed editions; • How the printed editions have influenced treatises and art history throughout Europe, the Eastern Mediterranean, and America from the Seventeenth to the Twentieth Centuries.

Sociology of Love

The Agapic Dimension of Societal Life

Gennaro Iorio, University of Salerno, Italy

October 2015 / ISBN: 978-1-62273-014-8
Availability: In stock
134pp. ¦ $25 £16 €20

This short book deals with a sociological concept: love-agape. It is an attempt to demonstrate that love-agape resists, indeed insists, as a fact that cannot be reduced or concealed. Its simple goal is to introduce agape into the vocabulary of sociological analysis by demonstrating its potential to demarcate and to interpret social phenomena. Love-agape is presented as a critical concept. On the one hand, love-agape denounces the risks linked to the needs of closed groups, often absolutist and fundamentalist. On the other hand, it represents a concrete reality, lying at the root of a particular type of sociality. A sociality that, rather unconventionally, recognizes differences and distances, but also characterizes their condition of being together, as community founded on the recognition and respect of subjectivity.

The Collected Short Works of Thorstein Veblen - Volume III

Thornstein Veblen

April 2016 / ISBN: 978-1-62273-013-1
Availability: In stock
188pp. ¦ $45 £28 €38

This three-volume collection contains Veblen's publications in academic journals and other scholarly press. The articles are organized under major chapters covering Veblen's pioneering thoughts on social organization; economic theory; social theory; institutions, social organization and economic performance; contemporary policies and social movements; social applications of evolutionary reasoning. Veblen made numerous seminal contributions on issues as diverse as the social role of science, the economic and social competition between entrepreneurs and engineers as well as a sobering criticism of the still under-appreciated preconceptions of economics as a science. The collection brings together much work that has been inaccessible in print and provides instructive reading for researchers on institutional economics, evolutionary economics as well as those with an interest on the history of economic thought. This edition has been professionally typeset from the original articles for easier reading and includes a comprehensive index. It is printed on quality, hard-bound volumes, resulting in an indispensable contemporary edition of Veblen's timeless ideas.

The Collected Short Works of Thorstein Veblen - Volume II

Thornstein Veblen

April 2016 / ISBN: 978-1-62273-012-4
Availability: In stock
224pp. ¦ $45 £28 €38

This three-volume collection contains Veblen's publications in academic journals and other scholarly press. The articles are organized under major chapters covering Veblen's pioneering thoughts on social organization; economic theory; social theory; institutions, social organization and economic performance; contemporary policies and social movements; social applications of evolutionary reasoning. Veblen made numerous seminal contributions on issues as diverse as the social role of science, the economic and social competition between entrepreneurs and engineers as well as a sobering criticism of the still under-appreciated preconceptions of economics as a science. The collection brings together much work that has been inaccessible in print and provides instructive reading for researchers on institutional economics, evolutionary economics as well as those with an interest on the history of economic thought. This edition has been professionally typeset from the original articles for easier reading and includes a comprehensive index. It is printed on quality, hard-bound volumes, resulting in an indispensable contemporary edition of Veblen's timeless ideas.

The Collected Short Works of Thorstein Veblen - Volume I

Thornstein Veblen

April 2016 / ISBN: 978-1-62273-011-7
Availability: In stock
242pp. ¦ $45 £28 €38

This three-volume collection contains Veblen's publications in academic journals and other scholarly press. The articles are organized under major chapters covering Veblen's pioneering thoughts on social organization; economic theory; social theory; institutions, social organization and economic performance; contemporary policies and social movements; social applications of evolutionary reasoning. Veblen made numerous seminal contributions on issues as diverse as the social role of science, the economic and social competition between entrepreneurs and engineers as well as a sobering criticism of the still under-appreciated preconceptions of economics as a science. The collection brings together much work that has been inaccessible in print and provides instructive reading for researchers on institutional economics, evolutionary economics as well as those with an interest on the history of economic thought. This edition has been professionally typeset from the original articles for easier reading and includes a comprehensive index. It is printed on quality, hard-bound volumes, resulting in an indispensable contemporary edition of Veblen's timeless ideas.

Introduction to Dynamic Macroeconomic General Equilibrium Models

José Luis Torres Chacon, Universidad de Málaga, Spain

March 2014 / ISBN: 978-1-62273-007-0
Availability: In stock
282pp. ¦ $55 £40 €50

This book offers an introductory step-by-step course in Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book’s homepage.

The National System of Political Economy

New Edition

Friedrich List

January 2014 / ISBN: 978-1-62273-010-0
Availability: In stock
386pp. ¦ $30 £22 €27

In The National System of Political Economy, List provides a critique of the ideas of Adam Smith and David Ricardo that continues to resonate with policy makers concerned with industrial policy and national economic development. List argues that in contrast with the stylized view of classical economics, real-world economies are organized along national lines and that policy makers can ignore this reality to their peril. The benefits from trade are conditional, rather than universal and the development of sophisticated industry requires carefully designed and sequentially planned state interventions. List provides an early recognition of the existence of distinct stages of economic development, and of the interplay between military power, industrial development and national prosperity. List's work had a formative influence on subsequent strands of thought such as institutional economics and 'national systems of innovation' perspectives and is considered an exemplar of work in the tradition of realist international political economy.

The Knowledge Plexus

A Systemic View on the Economic Geography of Technological Knowledge

George Chorafakis, University of Barcelona, Spain

March 2015 / ISBN: 978-1-622-73-006-3
Availability: In stock
391pp. ¦ $60 £45 €55

This book is a collection of 5 essays on the economic geography of technological knowledge. Their common threads are: (i) the quest for a new paradigm in economic geography, termed ‘systemic’, as an alternative to the neoclassical, based on the epistemological premise of emergence and the theories of evolution and complexity; and (ii) the intent to explain the process of technological knowledge production as a systemic phenomenon occurring in relational space subject to emergence and co-evolutionary dynamics. In this theoretical framework, the author analyses various European knowledge networks, and examines their effects on the production of technological knowledge as sources of relational cognitive capital and economies of complexity. He then poses a number of questions on the direction and instrumentalities of the European research, technological development and innovation policies, and in particular on the issues of cohesion and dynamic efficiency of the European research system.

The Great Illusion

A Study of the Relation of Military Power to National Advantage

Norman Angell

December 2014 / ISBN: 978-1-62273-009-4
Availability: In stock
223pp. ¦ $30 £22 €27

International trade and the development of intertwined global markets makes inter-state war less profitable and probable. This is Norman Angell's simple hypothesis, vigorously defended in The Great Illusion and at the root of an enduring controversy, from the time of its initial publication - on the eve of the First World War - to this day. Well documented, logically argued and persuasive, The Great Illusion is a passionate defense of peace, attacking widely held, yet unquestioned assumptions about the gains from war and the costs of conquest.

Risk, Uncertainty and Profit

New Edition

Frank Knight

April 2016 / ISBN: 978-1-62273-004-9
Availability: In stock
330pp. ¦ $60 £45 €55

In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market: profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, however evidence abounds of competitive yet profitable markets. To explain this seeming paradox, Knight uncovers the distinction between calculable risk and essentially unknowable uncertainty. Knight argued that risk stems from repeated events, which therefore allow probabilities to be calculated and factored into decisions, as for instance insurers do. Uncertainty however, stems from events that are unpredictable and as such cannot be prepared against. According to Knight, it is the interplay between risk and uncertainty on the one hand and competition between incumbent and new entrepreneurs that accounts for the enormous variation in profitability across firms and, for the same firms, over time. His insights on the sources of profit have been instrumental in shaping modern economic theory and to the development of a useful understanding of probability. This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original.

Industrial Evolution

New Edition

Karl Bücher

August 2014 / ISBN: 978-1-62273-005-6
Availability: In stock
304pp. ¦ $28 £20 €25

Industrial Evolution is Karl Bucher's most important book, and the foundational study of non-market (exchange and gift) economics. The book deals with the historical evolution of economic and industrial organization, with the transition from handicrafts to manufacturing, the rise of trade unionism and urban migration. This new edition is based on the third German edition of Bucher's original Entstehung der Volkswirtschaft and draws on the acclaimed translation by S. Morley Wickett, PhD. This new edition has been professionally typeset from the 1901 English original and includes a comprehensive index.

A Plan of the English Commerce

New Edition

Daniel Defoe

July 2014 / ISBN: 978-1-62273-001-8
Availability: In stock
187pp. ¦ $28 £20 €25

A Plan of the English Commerce is a rare piece of economic history covering the crucial period at the outset of the first Industrial Revolution and the early wave of globalization. Unlike other chroniclers of British economic development, Defoe was contemporary to and often had first-hand experience of important events. His account therefore offers an extraordinary vantage point, free from the distorting lens of modern theoretical explanations. An account rich in anecdotes and penetrating observations, Defoe’s work emphasizes neglected aspects of the world economy at the time, such as the interplay between industrial policy and international trade. Defoe argues that, under the Tudors, British industry developed under a heavily protected regime. Contrary to widespread belief, export controls, infant-industry subsidies, government-sponsored industrial espionage and aggressive technology transfer were routine. A Plan of the English Commerce is principal among Daniel Defoe’s works dealing with economic matters and remains of interest not only to economic historians but also to scholars concerned with economic development, international trade and industrial policy. This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. Aiming for visual clarity and the minimization of redundancy, the New Edition drops the largely arbitrary italicization of words and applies a modern formatting style to the rudimentary tables found in the original. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original, down to the unusually long chapter headings.

Women in Industry

A Study in American Economic History

Edith Abbott

April 2014 / ISBN: 978-1-62273-000-1
Availability: In stock
304pp. ¦ $30 £22 €27

Women in Industry is a critical examination of labor history of women in the United States from colonial times to the turn of the 20th century. Since its first publication a century ago, it has received hundreds of citations and had a formative influence in fields as diverse as labor history, gender studies, and economic history methodology. Women in Industry examines working conditions, wages and other forms of compensation across industries and professions. While firmly rooted in economics, Abbott does not overlook the social causes and implications of shifting patterns of female employment nor the organized opposition such changes attracted by established interests. Using masses of carefully compiled evidence, Abbott's work forcefully made the point that, contrary to popular belief, women did not suddenly replace men in industrial employment sometime in the 19th century. Rather, women and children were a regular and prominent feature of American industries in general and manufacturing in particular. Forming the first comprehensive account of female employment in a developing manufacturing economy, Abbott's extensive primary research and dispassionate interpretation make this essential reading for students of economic history. Academically rigorous yet accessible, Women in Industry remains unsurpassed in the reach of its coverage and the depth of its scholarship: It is fairly recognized as a timeless work and a source of inspiration for contemporary economic historians everywhere.