John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

The psychological theory of expectation that David Huron proposes in Sweet Anticipation grew out of the author's experimental efforts to understand how music evokes emotions. These efforts evolved into a general theory of expectation that will prove informative to readers interested in cognitive science and evolutionary psychology as well as those interested in music. The book describes a set of psychological mechanisms and illustrates how these mechanisms work in the case of music. All examples of notated music can be heard on the Web. Huron proposes that emotions evoked by expectation involve five functionally distinct response systems: reaction responses (which engage defensive reflexes); tension responses (where uncertainty leads to stress); prediction responses (which reward accurate prediction); imagination responses (which facilitate deferred gratification); and appraisal responses (which occur after conscious thought is engaged). For real-world events, these five response systems typically produce a complex mixture of feelings. The book identifies some of the aesthetic possibilities afforded by expectation, and shows how common musical devices (such as syncopation, cadence, meter, tonality, and climax) exploit the psychological opportunities. The theory also provides new insights into the physiological psychology of awe, laughter, and spine-tingling chills. Huron traces the psychology of expectations from the patterns of the physical/cultural world through imperfectly learned heuristics used to predict that world to the phenomenal qualia we experienced as we apprehend the world.

Founded upon the psychoevolutionary theories of Darwin, Plutchik and Izard, a general socioevolutionary theory of the emotions - affect-spectrum theory - classifies a wide spectrum of the emotions and analyzes them on the sociological, psychological and neurobiological levels. This neurocognitive sociology of the emotions supersedes the major theoretical perspectives developed in the sociology of emotions by showing primary emotions to be adaptive reactions to fundamental problems of life which have evolved into elementary social relationships and which can predict occurrences of the entire spectrum of primary, complex secondary, and tertiary emotions. Written by leading social theorist Warren D. TenHouten, this book presents an encyclopaedic classification of the emotions, describing forty-six emotions in detail, and presenting a general multilevel theory of emotions and social life. The scope of coverage of this key work is highly topical and comprehensive, and includes the development of emotions in childhood, symbolic elaboration of complex emotions, emotions management, violence, and cultural and gender differences. While primary emotions have clearly defined valences, this theory shows that complex emotions obey no algebraic law and that all emotions have both creative and destructive potentialities.

This book presents the theory of anticipation, and establishes anticipation of the future as a legitimate topic of research. It examines anticipatory behavior, i.e. a behavior that ‘uses’ the future in its actual decisional process. The book shows that anticipation violates neither the ontological order of time nor causation. It explores the question of how different kinds of systems anticipate, and examines the risks and uses of such anticipatory practices. The book first summarizes the research on anticipation conducted within a range of different disciplines, and describes the connection between the anticipatory point of view and futures studies. Following that, its chapters on Wholes, Time and Emergence, make explicit the ontological framework within which anticipation finds its place. It then goes on to discuss Systems, Complexity, and the Modeling Relation, and provides the scientific background supporting anticipation. It restricts formal technicalities to one chapter, and presents those technicalities twice, in formal and plain words to advance understanding. The final chapter shows that all the threads presented in the previous chapters naturally converge toward what has come to be called “Discipline of Anticipation”

The first detailed study of this most important class of systems which contain internal predictive models of themselves and/or of their environments and whose predictions are utilized for purposes of present control. This book develops the basic concept of a predictive model, and shows how it can be embedded into a system of feedforward control. Includes many examples and stresses analogies between wired-in anticipatory control and processes of learning and adaption, at both individual and social levels. Shows how the basic theory of such systems throws a new light both on analytic problems (understanding what is going on in an organism or a social system) and synthetic ones (developing forecasting methods for making individual or collective decisions).

This book examines the life and work of the extraordinary Polish economist, Michal Kalecki. It discusses Kalecki's theory of the capitalist economy, and provides a thorough guided tour through his published works, including his important writings on the economics of underdeveloped countries. Kalecki's ideas received wide international recognition during the period when Keynesianism predominated in the economic landscape. In the early 1930s, Kalecki anticipated many aspects of the principle of effective demand that later John Maynard Keynes put forward in his General Theory of Employment, Interest and Money. This book commemorates Kalecki's originality, and great contribution to economics. The book is co-authored by a former student of Kalecki. It includes original notes taken from Kalecki's courses, which up till now have never been published. This book is indispensable reading for all interested in the history of economic thought.