The Economic History of American Inequality
A meticulous examination of the history and roots of economic inequality within the United States. This volume refines and extends the economic history literature on economic inequality in the United States. Economic inequality manifests itself on various dimensions, including access to resources and economic security, as well as access to education and opportunities for migration, marriage, and other important life decisions. Measuring inequality and studying its variation over time and in response to economic shocks such as recessions and wars deepen our understanding of how the economy operates and can inform the design of public policies. The studies in this compendium present comprehensive evidence on income distribution during the nineteenth and early twentieth centuries, drawing on new data on wages and prices. They also consider disparities in economic well-being that are reflected in outcomes other than wage and salary income, such as homeownership and marriage. The volume also presents new evidence on the effects of income inequality on social outcomes. It concludes with an intellectual history of "human capital," a core concept in the economic analysis of the underpinnings of labor market inequality.
Deglobalization
The book analyzes US-China relations from a systemic thinking approach. The focus is the emerging innovation economy which leads to tension and deglobalization. The book is grounded in evolutionary economics and uses conceptual generalization in its descriptions, analysis, theoretical reflections and real-world cases.
Rescuing Econometrics
Haavelmo's The Probability Approach in Econometrics is acclaimed as the manifesto of econometrics. This book challenges Haavelmo's probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards a full embrace of machine learning.
Low Carbon Transition in Emerging Economies
Focusing on the case of Turkey, this book investigates the economic impacts of climate change policies to help meet the required mitigation targets and transition to a low carbon economy. This book explores the empirical evidence on the effectiveness of a carbon pricing mechanism by developing an econometric VAR model to analyse data sets.
Political Economy of the Spanish Miracle
Political Economy of the Spanish Miracle provides an alternative explanation of Spanish economic development, analyzing the Miracle from an interdisciplinary political economy perspective that treats capitalist growth as a complex and dynamic interaction between capitalists, workers and the state.
Contemporary Critiques of Political Economy
This book analyses contemporary critiques of political economy and highlights the challenges to rethinking contemporary discourses and practices.
A History of Economic Thought in France
This ambitious book explores the heyday of French political economy, covering the period 1695-1914 - symbolically starting with Boisguilbert's first publication and closing with the First World War. This first volume deals with the history of political economy in France in the Age of Enlightenment.
Researching Poverty and Austerity
Poverty is a complex global challenge rooted in social, economic and political factors, which excludes people from participating in social and market-based activities.This book focuses on food insecurity as an extreme manifestation of poverty, but also addresses interconnected issues such as unemployment and poor health.
Adam Smith's Theory of Value and Distribution
This book provides a close reading of Adam Smith's theory of value, and also incorporates material from other parts of Smith's oeuvre. The book operates on the assumption that Smith is proposing relatively simple ideas about price and takes a conventional view that simple Supply and Demand models can illuminate his theory of price.
Social Finance and Health
The objectives of this book are to conceptualise and evidence different forms of social finance - microfinance and impact bonds - acting in these ways and to critically engage with current debates and challenges.
Ideas of Europe
Ideas of Europe is a critical essay reassessing the founding myths of Europe and the making of a European identity from Antiquity to the present age.
Swiftynomics
A feminist romp through pop culture that illuminates how women influence and shape the economy. Taylor Swift isn't just a pop megastar. She is a working woman whose astounding accomplishments defy patriarchal norms. And while not all women can be Beyonc矇 or Dolly Parton or Reese Witherspoon, the successes of these trailblazing stars help us understand the central role of women in today's economy. Swiftynomics assesses the complex economic lives of everyday American women through the stories of groundbreakers like Taylor Swift, Misty L. Heggeness digs into the data, revealing women's hidden contributions and aspirations--the unexamined value they create by pursuing their own ambitions. She highlights the abundance of productive activity in their daily lives and acknowledges the barriers they still face. Exploring critical reforms regarding caregiving and gendered labor, this book offers advice for women to thrive in an economy that was not built for them.
Industrialisation and Workforce Development in Africa
This book explores the dynamics and challenges of building an industrial workforce and industrialisation in Africa. It highlights the potential for economic growth within the manufacturing sector and how industrialisation can provide employment, build industrial workforce and facilitate labour market opportunities. Government policies and the role of local and regional governments are analysed to examine why certain industrial parks perform better than others. With particular details drawn from Ethiopia's apparel and textile industry, the historical relationship between capitalist development and the labour force is explored to show tensions between maximising profits and ensuring labour rights and better wages. Building an industrial workforce necessitates effective government policies, firm strategies, industrial ecosystems, and productive dialogue and collective learning between government and firms.
Competition and Productivity Growth in Latin America and the Caribbean
Competition is a core element of economic growth, but empirical evidence on how competition affects productivity is often limited. Competition and Productivity Growth in Latin America and the Caribbean presents new empirical research that shows how competition policy in the region has effectively boosted productivity growth and improved market outcomes. "A must-read if you are interested in understanding the relationship between competition law, competition enforcement, growth, and productivity in Latin America. A report rich with data, analysis, and recommendations that will guide policy makers in the region." -Antonio Capobianco Deputy Head of Competition Division, Organisation for Economic Co-operation and Development (OECD) "This is a very important work both for economists and competition law scholars, the latter of whom have long taken for granted that antitrust enforcement and increased competition contribute to economic growth. While there have been journal articles that explored this relationship, this is one of the first books to examine the issue deeply and systematically. I only wish that this volume had been published earlier, as it would have certainly benefited my own work on the subject tremendously." -Thomas Cheng Professor and Associate Dean, Faculty of Law, University of Hong Kong, and author of Competition Law in Developing Countries "It is critical to understand how competition and competition policy affect productivity growth, the key to economic development. This book makes big strides forward in understanding these connections. It takes advantage of novel antitrust enforcement and other legal data to build evidence-based insights into how competition policies can best encourage productivity growth. There is much to be learned inside." -Chad Syverson George C. Tiao Distinguished Service Professor of Economics, The University of Chicago Booth School of Business
Health Insurance in the United States of America
The U.S. health care system is dominated by private and public (governmental) insurance which makes it difficult for many Americans to imagine access to health care without it. The health care system in the United States is sometimes mistakenly referred to as market-based, partly because of the previous lack of compulsory insurance.
Social and Behavioural Macroeconomics
Despite significant theoretical advances in social and behavioural macroeconomics, little has been done to synthesise the disparate developments in these fields and point the way forward to future research directions and policy implications. This book reviews, unifies and extends diverse strands of thinking and shows how these theories can be used to improve macroeconomic modelling for policy development in a range of spheres. The book explores how the most empirically relevant socio-behavioural traits can widen the scope of macroeconomics to fruitfully address new issues and challenges, such as rising inequality, the change in the functional distribution of income (labour and capital shares), and a further understanding of the government spending multiplier. Chapters also address more traditional topics such as macroeconomic policy effectiveness, growth, saving and labour supply. Other, more open-ended themes of the book include whether the concept of individual rationality should be complemented by collective rationality; whether socio-behavioural traits underlie socially inefficient outcomes such as tragedies-of-the-commons, rat races, financial crises and global warming; and whether such traits can provide new foundations for (New) Keynesian macroeconomics. This book will be essential reading for advanced researchers and students working in macroeconomics and other social sciences, including psychology and politics, as well as those working on the theoretical end of public policy.
Measuring Poverty Around the World
The final book from a towering pioneer in the study of poverty and inequality--a critically important examination of poverty around the world In this, his final book, economist Anthony Atkinson, one of the world's great social scientists and a pioneer in the study of poverty and inequality, offers an inspiring analysis of a central question: What is poverty and how much of it is there around the globe? The persistence of poverty--in rich and poor countries alike--is one of the most serious problems facing humanity. Better measurement of poverty is essential for raising awareness, motivating action, designing good policy, gauging progress, and holding political leaders accountable for meeting targets. To help make this possible, Atkinson provides a critically important examination of how poverty is--and should be--measured. Bringing together evidence about the nature and extent of poverty across the world and including case studies of sixty countries, Atkinson addresses both financial poverty and other indicators of deprivation. He starts from first principles about the meaning of poverty, translates these into concrete measures, and analyzes the data to which the measures can be applied. Crucially, he integrates international organizations' measurements of poverty with countries' own national analyses. Atkinson died before he was able to complete the book, but at his request it was edited for publication by two of his colleagues, John Micklewright and Andrea Brandolini. In addition, Fran癟ois Bourguignon and Nicholas Stern provide afterwords that address key issues from the unfinished chapters: how poverty relates to growth, inequality, and climate change. The result is an essential contribution to efforts to alleviate poverty around the world.
Applying Evaluation Criteria Thoughtfully
Relevance, coherence, effectiveness, efficiency, impact, and sustainability are widely used evaluation criteria, particularly in international development co-operation. They help to determine the merit or worth of various interventions, such as strategies, policies, programmes or projects. This guidance aims to help evaluators and others to better understand those criteria, and improve their use.
OECD Development Co-operation Peer Reviews
The OECD's Development Assistance Committee (DAC) conducts peer reviews of individual members once every five to six years. Reviews seek to improve the quality and effectiveness of members' development co-operation, highlighting good practices and recommending improvements.
OECD Development Co-operation Peer Reviews
The OECD's Development Assistance Committee (DAC) conducts peer reviews of individual members once every five to six years. Reviews seek to improve the quality and effectiveness of members' development co-operation, highlighting good practices and recommending improvements.
The Humanitarian-Development-Peace Nexus Interim Progress Review
In February 2019, the OECD Development Assistance Committee (DAC) adopted its Recommendation on the Humanitarian-Development-Peace Nexus. In advance of the monitoring report due in 2024, this interim progress review analyses adherents' efforts to align their work with the principles of the Recommendation.
Man Enough? Measuring Masculine Norms to Promote Women's Empowerment
Masculinities can either support or hinder women's empowerment and greater gender equality. However, a lack of consistent and comparable data hinders efforts to understand and assess harmful, restrictive masculinities. This report identifies and describes ten norms of restrictive masculinities to be urgently addressed within the political, economic and private spheres.
The Economics of Child Labour
Children throughout the world are engaged in a variety of activities classifiable as work. These range from relatively harmless, even laudable, activities like helping parents in the home, to morally or physically dangerous ones. Many forms of child labour have valuable learning-by-doing elements, but they all conflict with formal education. If the family is credit constrained, child labour relaxes the liquidity constraint and may be necessary to avoid starvation. Statistically and theoretically, child labour is associated with high fertility, high infant mortality, and low productivity. By contrast, education is associated with low fertility, low infant mortality, and high productivity. Suitable as an advanced development economics or development microeconomics textbook, the book lays out the theory as it now stands and examines the available evidence within an integrated framework. This second edition emphasizes the interplay between child labour, education, fertility, and mortality. The empirical aspects have been expanded to include new evidence available since the previous edition and an assessment of the impact of policy and programs. There are new chapters on the emergence and implications of family rules and social norms, and on policy optimization, and an expanded chapter on international trade examines the effects of foreign direct investment.
Navigating Globotics at the Semi-Periphery
This book focuses on the economic and political challenges posed by the simultaneous processes of globalisation and rapid technological change for public management and policy making in the Visegr獺d countries (Czech Republic, Hungary, Poland and Slovakia). The empirical work, based on 90 interviews and close cooperation with experts in the field, has provided valuable insights into the social consequences of the technological revolution, technical revolution, technical upgrading and economic development, public services, data management, communication and disinformation, coordination within the public sector and with private entities in the management of data and intellectual property. The research reveals a set of complex political economies with a high degree of political inertia characteristic of semi-peripheral countries, combined with various attempts to actively shape the technological flow.
Introduction to Development Economics
This textbook provides an introduction to development economics that examines both the drivers of economic growth and sustainable development. It initially presents development economics within a historical and political context, before widening its attention to theories of growth and development, the importance of the Sustainable Development Goals, the imbalance of power between the Global North and South, global development policies, and the role of international finance in development. Rather than focusing primarily on neoclassical growth theories, qualitative and quantitative aspects of the development process are both highlighted. This book aims to give readers a broad understanding of the economic drivers of development and the economic theories that underpin them. It will be relevant to undergraduate and postgraduate students interested in development economics and sustainable development.
False Dawn
CHOSEN AS ONE OF THE WALL STREET JOURNAL'S 10 BEST BOOKS OF 2025A definitive history of the United States' recovery from the Great Depression--and the New Deal's true part in it.FDR's New Deal has long enjoyed a special place in American history and policy--both because it redefined the government's fundamental responsibilities and because Roosevelt's "bold experimentation" represented a type of policymaking many would like to see repeated.But "the thing about bold experiments," economist George Selgin reminds us, "is that they often fail." In False Dawn Selgin draws on both contemporary sources and numerous studies by economic historians to show that, although steps taken during the Roosevelt administration's first days raised hopes of a speedy recovery from the Great Depression, instead of fulfilling those hopes, subsequent New Deal policies proved so counterproductive that over seventeen percent of American workers--more than the peak unemployment rate during the COVID-19 crisis--were still either unemployed or on work relief six years later.By distinguishing the New Deal's successes from its failures, and explaining how the U.S. finally managed to lay the specter of mass unemployment to rest, Selgin draws salient lessons for dealing with future recessions.
Overcoming Exploitation and Externalisation
Advancing an intersectional theory of hegemony, this book shows how various power relations interact through capitalist structures of othering. Going beyond the usual critiques of capitalism, it analyses the market itself as a principal cause of various forms of externalisation and domination.
The Mechanics of Economy
IntroductionMoney, being essentially a political element, has been utilized for nearly three thousand years by the world's ruling classes to create a distorted and false view of our economies. Now, the current well-established imposed narratives of the ruling class (the economic owners) are so strong that even economists have yet to discern economic facts from these fictional misconceptions. As a result, our current economic views, equations, calculations, and their ensuing conclusions have no scientific base, as they have been distorted by imposed political issues that have no economic root or economic relevance. The Mechanic of the Economy is a comprehensive and scientific study of economic systems that pursues economic studies in isolation of any imposed political system. In this novel method of economic inquiry, a unique empirical labor unit of SWH (Standard Work-hour) replaces the conventional financial units currently used in economic calculations. Economic research is then perused through labor cost analysis of economic products, where we only use the empirical work unit of SWH. In this manner, the Mechanics of the Economy avoids fictitious non-economical concepts and units, and it sets its inquiry processes on logical and scientific foundations. Monetary concerns and ownership claims have no economic merits or roles in The Mechanics of the Economy as they are imposed narratives of the ruling elite. The Mechanics of EconomyThe Mechanics of the Economy adopts a revised review of economic concepts using an engineering approach based on a logical and rational foundation of labor (non-financial) cost analysis. The Mechanics of Economy differs from conventional economic studies in several ways: First, its vision covers the entire history of economies, from their prehistoric distant past to their predictable near future.Second, it considers and treats all economic assets, including institutions and virtual assets, such as occupational skills, as products.Third, it measures the economic value (or worth) by a labor scale and avoids money in its measurements, evaluation, and calculations.Fourth, it calculates a product's actual cumulative labor cost (in SMH) and assigns this value to the product as its embedded labor or economic worth. In the Mechanics of the Economy, labor cost, economic worth, and embedded labor refer to the same work quantity as viewed from different perspectives.Fifth, it excludes all political elements such as profits, prices, wages, or financial variables from its considerations, evaluations, and related calculations. So, its economic equations, views, and conclusions remain immune from political and cultural variables that normally impose false perceptions of financial concepts.Sixth, it creates and adapts an empirical labor scale of SWH (Standard Work-hour). This unit is universally applicable to all types of works of any trade, craft, or profession, and unlike monetary measurements, it has stable, constant, and empirical value.Seventh, it measures all costs and economic values using a single empirical labor scale of SWH.Eighth, it develops equations of occupations, which enable us to determine the economic worth (in SMH) of different types of trades, crafts, or professions, their comparative cost ratios, their lifetime worth (as an asset), and their hourly worth. These equations form the main foundation of The Mechanics of the Economy. Unlike financial calculations, these equations and their related conclusions are not subject to cultural, political, geographical, or chronological variables.
Economic and Environmental Cost of Traffic Congestion in India
This book explores one of the most prevailing problems of the contemporary urban world, i.e. traffic congestion and its economic, environmental and health implications.
Challenges to Punjab Economy
This volume looks at the challenges faced by the economy and society in Punjab, India. It probes into the economic issues, institutional development, and resources imbalance faced by the Punjab economy. It discusses regional research problems and futuristic approaches for a developing economy.
Economic Growth in Middle-Income Countries
This book develops a theoretical framework for the analysis of growth and deploys analytical data to understand the main policy issues affecting developing countries, with particular attention to countries which, after having a spurt of growth, have been unable to maintain the momentum of their economies.
Principles of Microeconomics
This textbook offers a comprehensive overview of microeconomics, featuring teachable and applicable approaches to core concepts. It includes fresh examples and applications to help students understand and apply opportunity cost, choice theory, and more to their own world. Throughout the book, there are practice problems with step-by-step solutions that help students better understand the topics covered. Sections provide scenarios to help students analyze consumer choices as well as the decisions of firms. Readers will learn how to evaluate the impact of microeconomic policies and how to perform equilibrium analysis. The author publishes digital worksheets with questions based on recent news stories that readers can use as they work through the book: https: //econstefani.substack.com/. The book, combined with these free materials, introduces new and fresh approaches to help students apply fundamental concepts to the world around them. The resulting book is a valuable learning tool that highlights microeconomic principles for a new generation of learners.
