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Political philosophy. Social philosophy --- Politics --- Public law. Constitutional law --- Operational research. Game theory --- politieke wetenschappen --- speltheorie --- grondrechten --- staatsrecht --- grondwet

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This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system. This book will appeal to anyone interested in how the capitalist mode of production works and its inherent limitations; in particular, it will be useful to scholars and students of Marxian economics. "Emmanuel Farjoun and Moshé Machover, follow up their pathbreaking work on the application of statistical physics methods to political economy in this book with David Zachariah, in which they develop methods for making educated and structured estimates of stylized facts applicable to capitalist economies. There's a lot for economists and anyone interested in the political economy of capitalism to learn from their reasoning on these issues, including their novel and challenging suggestion of bounds on the rates of increase of use-value productivity of labor, and on the range of variation of the wage share." Duncan K. Foley Leo Model Professor of Economics New School for Social Research.

Politics --- Quantitative methods (economics) --- Methodology of economics --- Economic schools --- Labour economics --- Economics --- History --- economie --- geschiedenis --- politiek --- arbeid --- econometrie --- Travail --- Labor economics --- Travailleurs --- Working class --- Économie politique. --- Economics.

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Both theoretical and empirical aspects of single- and multi-winner voting procedures are presented in this collection of papers. Starting from a discussion of the underlying principles of democratic representation, the volume includes a description of a great variety of voting procedures. It lists and illustrates their susceptibility to the main voting paradoxes, assesses (under various models of voters' preferences) the probability of paradoxical outcomes, and discusses the relevance of the theoretical results to the choice of voting system. Studies in Choice and Welfare is a book series dedicated to the ethical and positive aspects of welfare economics and choice theory. Topics comprise individual choice and preference theory, social choice and voting theory (normative, positive and strategic sides) as well as all aspects of welfare theory (Pareto optimality; welfare criteria; fairness, justice  and equity; externalities; public goods; optimal taxation; incentives in public decision making; cost-benefit analysis, etc.).

Political philosophy. Social philosophy --- Politics --- Public law. Constitutional law --- Operational research. Game theory --- politieke wetenschappen --- speltheorie --- grondrechten --- staatsrecht --- grondwet