Louis Hartz is best known for his classic study, The Liberal Tradition in America. At Harvard University, his lecture course on nineteenth-century politics and ideologies was memorable. Through the editorial hand of Paul Roazen, we can now share the experience of Hartz’s considerable contributions to the theory of politics. At the root of Hartz’s work is the belief that revolution is not produced by misery, but by pressure of a new system on an old one. This approach enables him to explain sharp differences in revolutionary traditions. Because America essentially was a liberal society from its beginning and had no need for revolutions, America also lacked reactionaries, and lacked a tradition of genuine conservatism characteristic of European thought. In lectures embracing Rousseau, Burke, Comte, Hegel, Mill, and Marx among others, Hartz develops a keen sense of the delicate balance between the role of the state in both enhancing and limiting personal freedom. Hartz notably insisted on the autonomy of intellectual life and the necessity of individual choice as an essential ingredient of liberty.

In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb, according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.

Originally published in 1970, this classic study has been recognized for its groundbreaking role in integrating economics and ethics, and for its influence in opening up new areas of research in social choice, including aggregative assessment. It has also had a large influence on international organizations, including the United Nations, notably in its work on human development. The book showed that the “impossibility theorems” in social choice theory—led by the pioneering work of Kenneth Arrow—do not negate the possibility of reasoned and democratic social choice. Sen’s ideas about social choice, welfare economics, inequality, poverty, and human rights have continued to evolve since the book’s first appearance. This expanded edition preserves the text of the original while presenting eleven new chapters of fresh arguments and results. “Expanding on the early work of Condorcet, Pareto, Arrow, and others, Sen provides rigorous mathematical argumentation on the merits of voting mechanisms...For those with graduate training, it will serve as a frequently consulted reference and a necessity on one’s book shelf.” —J. F. O’Connell, Choice

Originally published in 1987. Philosopher Maurice Mandelbaum offers a broad-ranging essay on the roles of chance, choice, purpose, and necessity in human events. He traces the many changes these concepts have undergone, from the analyses of Hobbes and Spinoza, through the eighteenth, nineteenth, and early twentieth centuries. Mandelbaum examines two contrary tendencies in the history of social theories. Some thinkers, he shows, have explained the character of institutions in terms of their individual purposes, whereas others have stressed relationships of necessity among society's institutions. Mandelbaum discusses chance, choice, and necessity at length and reaches some provocative conclusions about the ways in which they are interwoven in human affairs.

"Time management for the 21st century"--Jacket.

This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.