How best to assess trade and industrial policy in developing countries is a controversial question that unlocks a host of modelling complexities. Large computable general-equilibrium (CGE) models dominate many economic policy debates, but recent developments in the field have demonstrated that...

Any attempt to model an economy requires foundational assumptions about the relations between prices, values and the distribution of wealth. These assumptions exert a profound influence over the results of any model. Unfortunately, there are few areas in economics as vexed as the theory of...

"A collection of essays that extend, criticize, and reformulate the capability approach to human development, originally formulated by Amartya Sen and Martha Nussbaum, in order to better understand the importance of power, especially institutional power" - provided by publisher