The coal industry has always occupied a symbolic place in British economic and political life, inspiring debates and arousing passions throughout the last two centuries. This account of the economics of coal, first published in 1990, is unique in its comprehensive three-part approach. First, Ben Fine charts the ways in which the theoretical understanding of the British coal industry has changed over the past two centuries and discusses the arguments surrounding public ownership versus the privatization of the industry. In the second part, the book presents a critical assessment of the existing literature and challenges the well-established orthodoxies by close theoretical and empirical argument. Finally, attention is paid to the role of landed property and the processes of technical change. An interesting analysis of the complex relationship between industrial change and political economy and an important contribution to economics, this study will be of great value to students of the theory and history of industrial change and the British coal industry.

The coal industry has always occupied a symbolic place in British economic and political life, inspiring debates and arousing passions throughout the last two centuries. This account of the economics of coal, first published in 1990, is unique in its comprehensive three-part approach. First, Ben Fine charts the ways in which the theoretical understanding of the British coal industry has changed over the past two centuries and discusses the arguments surrounding public ownership versus the privatization of the industry. In the second part, the book presents a critical assessment of the existing literature and challenges the well-established orthodoxies by close theoretical and empirical argument. Finally, attention is paid to the role of landed property and the processes of technical change. An interesting analysis of the complex relationship between industrial change and political economy and an important contribution to economics, this study will be of great value to students of the theory and history of industrial change and the British coal industry.

This account of the economics of coal, first published in 1990, is unique in its comprehensive approach. An interesting analysis of the complex relationship between industrial change and political economy and an important contribution to economics, this study will be of great value to students of the theory and history of industrial change and the British coal industry.

Global warming is an increasing problem, tropical forests are being wiped out and major upper watersheds are being degraded. Using insights provided by environmentalism, ecology and thermo-dynamics, this book – first published in 1989 – outlines an economic approach to the use of natural resources and particularly to the problem of environmental degradation. Edward Barbier reviews and critiques the long past of environmental and resource economics and then goes on to elaborate an economics which allows us to develop alternative strategies for dealing with the problems faced. With examples drawn from Latin America and Indonesia, he not only develops a major theoretical advance but shows how it can be applied. Barbier’s work is an important and relevant contribution to the discussion surrounding the economics of environmental sustainability.

Originally published in 1987 to commemorate the 40th anniversary of the Marshall Plan, this fascinating collection of essays, from an eminent ‘insider’ to the Marshall Plan, combines economics, politics and history to provide authoritative and personal insights into the creation of one of the greatest foreign aid programmes of the twentieth century. Any reader interested in the Marshall Plan itself, the inner workings of a major act of US foreign policy, and its many economic, political and historical facets will welcome the reissue of this valuable book from one of America’s most distinguished economists.

Alfred Marshall was anxious to do good. Intended by an Evangelical father for the vocation of clergyman, the author of the mould-shaping Principles of Economics remained to the end of his days a great preacher deeply committed to raising the tone of life. First published in 1990, Alfred Marshall’s Mission explains how this most moral of political economists sought to blend the downward sloping utility function of Jevons and Menger with the organic evolutionism of Darwin and Spencer, how this celebrated theorist of social alongside economic growth sought to combine the mathematical marginalism of Cournot. Thunen and Edgeworth with the ethical uplift of Green, Jowett and Toynbee. The conclusion reached is that perhaps Marshall was, after all, too anxious to do good. Far more economists, however, have been not anxious enough; and that in itself gives this study of Marshall’s life and times a present day relevance which would, no doubt, have appealed strongly to the shy Cambridge professor who is its subject.

First published in 1986, The Economics of Alfred Marshall is concerned with the theories of demand, supply, market structure and income distribution which the celebrated author of the Principles of Economics developed while standing on the shoulders of giants. It is thus concerned with hidden assumptions, institutional constraints, tentative conclusions and blurred distinctions; for these are an integral part of the contribution of an economist who warned against spurious over-simplification of that which is inherently complex. The economics of Alfred Marshall appears easy when in fact it is fraught with difficulties. The Economics of Alfred Marshall seeks to explain Marshall’s theories in detail and to evaluate them in depth. The book attempts in that way to help the reader to gain a deeper understanding of an influential thinker whose insights, however difficult, continue to shed a great deal of light on the nature and workings of the economic system.