{"product_id":"markets-money-and-capital-hicksian-economics-for-the-twenty-first","title":"Markets, Money and Capital: Hicksian Economics for the Twenty First","description":"\u003cp\u003eIn this review of Markets, Money and Capital the editors and contributors offer a focused reconsideration of Sir John Hicks's legacy for contemporary economic thought. The book is best for readers who want a rigorous, historically informed analysis of value, money and capital rather than a quick survey; its single biggest selling point is the combination of authoritative chapters that link Hicks's emphasis on economic rationality in time to modern debates about rigidity and stabilization. The review finds the volume valuable for scholars and advanced students seeking depth and conceptual clarity.\u003c\/p\u003e\n\u003ch2\u003eKey Features\u003c\/h2\u003e\n\u003cul\u003e\n \u003cli\u003e\n\u003cstrong\u003eHicksian focus:\u003c\/strong\u003e A concentrated exploration of Sir John Hicks's contributions frames discussions of value, money and capital across multiple essays.\u003c\/li\u003e\n \u003cli\u003e\n\u003cstrong\u003eIntellectual history:\u003c\/strong\u003e Essays situate Hicks within twentieth century theory, explaining how his ideas differ from Keynesian and Monetarist approaches.\u003c\/li\u003e\n \u003cli\u003e\n\u003cstrong\u003eEmphasis on time:\u003c\/strong\u003e Contributors highlight economic rationality 'in time', showing how intertemporal reasoning affects price, output and employment dynamics.\u003c\/li\u003e\n \u003cli\u003e\n\u003cstrong\u003ePractical perspective:\u003c\/strong\u003e The volume explains how apparent rigidities and frictions can act as buffers against excessive fluctuations, offering a corrective to simplistic efficiency claims.\u003c\/li\u003e\n \u003cli\u003e\n\u003cstrong\u003eScholarly contributors:\u003c\/strong\u003e Chapters from distinguished theorists, including Nobel laureates, provide authoritative interpretation and debate on Hicks's legacy.\u003c\/li\u003e\n \u003cli\u003e\n\u003cstrong\u003eBalance of theory and history:\u003c\/strong\u003e The book blends conceptual analysis with historical context to help readers trace ideas across decades of economic thought.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2\u003eWho It's For\u003c\/h2\u003e\n\u003cp\u003eThis book is best suited for graduate students, researchers and professional economists who already have familiarity with core economic theory and want a deeper understanding of Hicksian perspectives on value, capital and monetary issues. It is especially useful for those interested in the history of economic ideas and in how theoretical frameworks handle disequilibrium and frictions.\u003c\/p\u003e\n\u003cp\u003eReaders looking for an introductory textbook, a practitioner manual for policy implementation, or a lightweight overview should look elsewhere; the essays assume prior knowledge and prioritize conceptual debate over step-by-step policy guidance.\u003c\/p\u003e\n\u003ch2\u003ePros \u0026amp; Cons\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003ePros\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n \u003cli\u003eAuthoritative essays provide clear interpretation of Hicks's work and its relevance to modern debates.\u003c\/li\u003e\n \u003cli\u003eThe focus on economic rationality in time offers a useful lens for understanding the stabilizing role of imperfections.\u003c\/li\u003e\n \u003cli\u003eWell organized contributions bridge intellectual history and technical argumentation for a scholarly audience.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eCons\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n \u003cli\u003eThe volume presumes advanced background knowledge, which limits accessibility for general readers.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2\u003eSpecifications\u003c\/h2\u003e\n\u003ctable\u003e\n \u003ctr\u003e\n\u003ctd\u003eTitle\u003c\/td\u003e\n\u003ctd\u003eMarkets, Money and Capital: Hicksian Economics for the Twenty First Century\u003c\/td\u003e\n\u003c\/tr\u003e\n \u003ctr\u003e\n\u003ctd\u003eEditors\/Authors\u003c\/td\u003e\n\u003ctd\u003eRoberto Scazzieri, Amartya Sen, Stefano Zamagni\u003c\/td\u003e\n\u003c\/tr\u003e\n \u003ctr\u003e\n\u003ctd\u003eSubject\u003c\/td\u003e\n\u003ctd\u003eEconomic theory, value, money, capital and growth\u003c\/td\u003e\n\u003c\/tr\u003e\n \u003ctr\u003e\n\u003ctd\u003eIntellectual focus\u003c\/td\u003e\n\u003ctd\u003eHicksian economics and intertemporal rationality\u003c\/td\u003e\n\u003c\/tr\u003e\n \u003ctr\u003e\n\u003ctd\u003eApproach\u003c\/td\u003e\n\u003ctd\u003eScholarly essays combining history of ideas and theoretical analysis\u003c\/td\u003e\n\u003c\/tr\u003e\n \u003ctr\u003e\n\u003ctd\u003eAudience\u003c\/td\u003e\n\u003ctd\u003eGraduate students, researchers, professional economists\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n\u003ch2\u003eOur Verdict\u003c\/h2\u003e\n\u003cp\u003eMarkets, Money and Capital is a well crafted scholarly collection that reasserts Hicks's relevance for contemporary theory by emphasizing the role of time and the stabilizing potential of imperfections. Advanced students and economists will find it excellent value for deepening their conceptual toolkit; general readers should be prepared for demanding, theory-heavy chapters rather than introductory exposition.\u003c\/p\u003e\n\u003ch2\u003eFrequently Asked Questions\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eIs this book suitable for undergraduate study?\u003c\/strong\u003e\u003cbr\u003eThe book is best for graduate-level or research readers; undergraduates without prior exposure to advanced economic theory may find it challenging.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eDoes the volume include contemporary policy prescriptions?\u003c\/strong\u003e\u003cbr\u003eIt focuses on theoretical and historical analysis rather than detailed policy blueprints, though implications for stabilization and market design are discussed.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAre the contributors recognized authorities?\u003c\/strong\u003e\u003cbr\u003eYes, the volume includes essays by distinguished theorists and editors known for work on economic theory and history.\u003c\/p\u003e","brand":"Roberto Scazzieri, Amartya Sen, Stefano Zamagni","offers":[{"title":"Default Title","offer_id":48774304825563,"sku":"0521873215","price":170.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0724\/1043\/1707\/files\/61PmVaxXuNL._SL1360.jpg?v=1778777824","url":"https:\/\/gearmusthave.com\/products\/markets-money-and-capital-hicksian-economics-for-the-twenty-first","provider":"GearMustHave","version":"1.0","type":"link"}