Toward A General Theory Of Exchange

The new economy, under the impetus of the ever-widening outreach of the Internet, is undergoing a transition. In the meantime, there's also been a shift to the information paradigm, with its emphasis on lack of foresight. These processes have almost completely supplanted the concept of market that was once one of the most cardinal features of conventional economic theory. In Toward a General Theory of Exchange: Strategic Decisions and Complexity, author Dr. Javaid R. Khwaja traces the slow melting of the market, the most ubiquitous contraption and the summum bonum of economic science, as an organized manifestation of complexity, with its wide-ranging impact on the flow of funds. Using the historical background of economic theories, this study blends the interdisciplinary range and fills the vacuum that has existed among current conventional economic theory, the theory of strategic decision making, actor-network theory, the domain of law and economics, and the science of complexity. An observer of economic development for several decades, Khwaja shows the relationship between technology and economics and how it affects social exchanges and trends.

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

In Power and Conflict the author defines social conflict as the `international mutual exchange of negative sanctions, or punitive behaviors, by two or more parties, which may be individuals, corporate actors, or more loosely knit quasi-groups.' In building this general theory, Blalock discusses the generalities of a power framework, analyzes the ideology of conflict, defines the reactive and dynamic processes, and summarizes the various arguments by creating a general model of conflict.

Love and Attraction is a collection of papers presented at the International Conference on Love and Attraction. This book is organized into 12 parts encompassing 78 chapters that cover various aspects of the subjects, including friendship, intimacy, and sexuality. The introductory parts deal with the psychological aspects of physical attractiveness, non-verbal intimacy, attraction, and friendship. The subsequent parts examine the geographical difference in mate selection, marital relations, and romantic love. These chapters also look into the structural features of personality, behavior, and romantic love. These topics are followed by discussions of exchange theory applications to love and attraction; the social psychology of human sexuality; relationship between sexual behavior and society; and sex therapy. The final parts are devoted to other sex related topics, including sex therapy, erotica, arousal, child sexuality, and pedophilia. This book will prove useful to psychologists, sociologists, psychiatrists, counselors, and other academic and clinical workers.

In his landmark study of exchange and power in social life, Peter M. Blau contributes to an understanding of social structure by analyzing the social processes that govern the relations between individuals and groups. The basic question that Blau considers is: How does social life become organized into increasingly complex structures of associations among humans.This analysis, first published in 1964, represents a pioneering contribution to the sociological literature. Blau uses concepts of exchange, reciprocity, imbalance, and power to examine social life and to derive the more complex processes in social structure from the simpler ones. The principles of reciprocity and imbalance are used to derive such processes as power, changes in group structure; and the two major forces that govern the dynamics of complex social structures: the legitimization of organizing authority of increasing scope and the emergence of oppositions along different lines producing conflict and change.

Advances in Experimental Social Psychology