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Attempts to trace the process of internationalization of production since the late nineteenth century, which has laid down the path and pattern of modern economic growth in the Third World. Industrial capitalism emerged historically in the UK with the Industrial Revolution, and was subsequently transplanted first to western Europe, North America, Australasia and Japan and then to the rest of the world. In this process, capitalism has released and developed the world’s productive forces. Today, it has achieved an unlimited capacity to produce, diversify, improve and exploit both human and natural resources. As a consequence, the world is becoming richer in capital accumulation and material goods but, paradoxically, poorer, with increasing human miseries and environmental deterioration. In a capitalist system of production, the latter is an inevitable consequence of the success achieved in the former.

The recent collapse of so‐called socialist economies has raised fundamental questions about whether a socialist economy could be built on imported capitalism. Russia′s socialist development was based, from the beginning, on Western capitalist technology from the time of its introduction in the late nineteenth century; the manner of this attempt may account for socialism′s premature demise. Could a socialist system be built in an economy that has not undergone a sufficient capitalist transformation? Lenin′s New Economic Policy is regarded by some as the step intended to fulfil this condition. But before it had reached its mature phase, Stalin′s “Industry First Approach” with the help of technology from mature capitalist economies, but of course under strict socialist control of production and distribution, misled the direction of the socialist transformation of Russian society. Will socialist economic development with imported technology inevitably end up in a free enterprise economy, as is happening in the Soviet Union? Discusses these questions beginning with an analysis of the three stages of socialist development attempted in the USSR, with a brief review of sources of technological change, and ending with the causes behind the return of a socialist economy to a market economy.

To be competitive, capitalism must lower the cost of production by lower wage costs, lower inflation, lower interest rates, and lower taxes. The welfare state has become the greatest hindrance because it supports costly wage rates even in a recession with high unemployment. The consequences of a weak welfare state, however, are rising unemployment, poverty and crime. But an internationally‐oriented economy does not need to depend on local demand, much of which is created by full employment. One solution is for the unemployed to become self‐employed. Capitalism, over the years, has achieved an unlimited capacity to produce, improve and diversify output at a declining cost per unit of output, but paradoxically has created an increasing problem in marketing its ever‐expanding output. Attempts to explain this.

In a letter written on 24 January, 1865 to Schewitzer, Marx, commenting on the work of Proudhon, observed: “Take, for instance, Malthus's book on population. In its first edition it was nothing but a sensational pamphlet … and yet what a stimulus was produced by this libel on the human race.”

Outlines the international travels of Clement Allan Tisdell in the period 1965‐1996 and an Australian journey made to Adelaide in 1962 for academic reasons and indicates the influence of these journeys on his publications, outlook and intellectual evolution. Emphasises how varied the life of an economist can be and the importance of international social contacts for academic development. Because of the extent of his travels, descriptions and analysis of most of his journeys are brief. Consequently, a longer story still remains untold.

Outlines and analyses critically the changing nature of the administration and management of universities, particularly in Australia. Special attention is given to the emerging corporate and commercial character of universities, taking into account principles of economic management. Changes in economics as taught at university‐level are discussed along with the declining status of many economics departments. Strategies which I have used to counteract threats to university economics are outlined. Just as globalisation has been increasingly stressed in recent years as an imperative for business, it has become a dominant theme of Australian universities, partly for commercial reasons. This “new” emphasis is, however, ironic, as explained. Following some critical comments on the approaches of Australian universities to internationalization, the essay outlines some of my substantial international activities in the last two years.

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.

Provides statistics on trends in the quantity of publications of Clem Tisdell, changing patterns of their joint authorship and variations in their interdisciplinary nature. The genesis of his publications, particularly his books, is explained, along with the interdependence between them, relationships which would be far from obvious to an independent casual observer. Those publications have had further academic and personal consequences and have given rise to surprising opportunities. A similar study is undertaken of his research projects. His consultancies are briefly discussed and it is demonstrated how they have benefited his academic research and teaching. He has found that economics provides tremendous scope for versatility and diversity in exploring the world around us.