Fetishism and the Theory of Value
This book demonstrates the continuing relevance of Marx's critique of the capitalist system, in which value is simply equated with market price. It includes chapters specifically on the environment and financialisation, and presents Marx's qualitative theory of value and the associated concept of fetishism in a clear and comprehensive manner. Section I demonstrates how fetishism developed in Marx's writing from a journalistic metaphor to an analytical device central to his critique. In Section II, commodity fetishism is distinguished from other forms: of money, capital and interest-bearing capital. There follows an analysis of Marx's complex attempt to distinguish his argument from that of Ricardo, and Samuel Bailey. The section ends with a discussion of the ontological status of value: as a social rather than a natural phenomenon. Section III considers the merits of understanding value by analogy with language, and critically assesses the merits of structural Marxism. Section IV challenges Marx's emphasis solely on production, and considers also exchange and consumption as social relations. Section V critically assesses recent Marx-inspired literature relating to the two key crises of our time, finance and the environment, and identifies strong similarities between the key analytical questions that have been debated in each case.
Climate Economics
This book is a philosophical critique of the economics of climate change from both an ethical and philosophy of economics perspective. Mitigating climate change is not so much a scientific problem, but rather a political, social and above all an economic problem. A future without greenhouse gas emissions requires a radical transformation towards a sustainable low-carbon economy and society. How this transformation could be achieved raises numerous economic questions. Many of these questions remain untouched, although economists are equipped with a suitable toolkit and expertise. This book argues that economists have a social responsibility to carry out more research on how global warming could be stopped and that, ultimately, economic analysis of climate change must be a political economic approach that treats the economy as part of a wider social system. This approach will be of interest to policy makers, educators, students and researchers in support of more pluralism in economic research and teaching.
Emerson on Sound Money
First published in 1896, "Emerson on Sound Money" is the transcript of a speech delivered by Willis G. Emerson to the Young Men's Republican Club at Lockerby Hall Grand Rapids, Michigan in 1896. The speech primarily concerns money and finances, referring to the contemporary political situation and providing suggestions as to how it can be improved. Willis George Emerson (1856 - 1918) was an American lawyer, novelist, politician, and founder of the North American Copper Company and the town of Encampment in Wyoming. His most famous novel is "The Smoky God, or A Voyage Journey to the Inner Earth", presented as a real account penned by the author in 1908 concerning the escapades of a Norwegian sailor named Olaf Jansen who sailed through a hole to the Earth's interior at the North Pole. Other notable works by this author include: "Winning Winds" (1885), "Grey Rocks: A tale of the Middle West" (1894), and "Was It a Crime? 'Coin at School' dissected" (1900). Many vintage books such as this are increasingly scarce and expensive. We are republishing this volume now in an affordable, modern, high-quality edition complete with the original text and artwork.
The Ethics and Economics of the Capability Approach
This book inquires into the Capability Approach, a value theory of freedom, which crystalizes the interests of Marx, Welfare Economics, Social Choice, and Ethics. The capability approach has attracted many people as a promising interdisciplinary approach to human well-being and social worlds, finely overarching ethical and economic concerns. It has well challenged essential characteristics of welfare economics, which focuses on the criterion of efficiency with the concept of utility, by explicitly incorporating normative criteria such as agency, well-being and real freedom into positive analysis. However, it has a bit operational and methodological difficulties such that how to estimate an individual capability set which includes potential multi-dimensional functioning vectors. This book reminds the reader of what traditional economics has left behind, by examining historical backgrounds, scrutinizing philosophical foundations and providing an operational formulation of the capability approach: indispensable for understanding what the capability approach is about and what it can achieve.
Assessment of Knowledge on Lead Poisoning among the Residents of Kabwe, Zambia
Master's Thesis from the year 2019 in the subject Economy - Environment economics, University of Lusaka (Postgraduate studies), course: Environmental management, language: English, abstract: Kabwe is one of the most affected towns with lead poisoning due to its earlier mining activities. Research conducted by Zambia Consolidated Copper Mine Investment Holding show that 35 per cent of Kabwe's population in Chowa, Kasanda and Katondo is exposed to high levels of lead. This prompted ZCCM-IH to conduct sensitizations and encourage formation of lead treatment support groups. However, data has continued to show a high number of children being diagnosed with lead poisoning. Therefore, the research attempted to assess the levels of knowledge on lead poisoning among the residents of kabwe District. The general objective of the research was to assess knowledge on lead poisoning among the Adult population of Chowa, Kasanda and Katondo in Kabwe District in order to identify areas where knowledge is lacking and help effectively direct public health and environmental related programs in Kabwe District Data was collected using Questionnaires that were given to each of the participants who were recruited in the research. The questionnaires were a Likert-type scale in section A and open ended in section B. Eighty six (86) participants that included adult male and female participants were recruited. Quantitative data was analyzed using Excel and Statistical Package for Social Science (SPSS).
Deep Integration, Global Firms, and Technology Spillovers
This open access book explores the impact of deep regional economic integration on spillovers of knowledge and technology across countries. Deep integration through signing deep regional trade agreements (DRTAs), which cover various policy areas in addition to tariff reductions, may or may not facilitate technology spillovers among their signatories. To understand the mechanism of the impact of deep integration on technology spillovers, this book starts by analyzing the behavior of global firms. Factors that affect global firms' activities, such as export, foreign direct investment (FDI), offshore outsourcing, are examined. Micro data on Japanese firms are employed for the analysis. Then, the relationships between bilateral trade patterns and technology spillovers and between types of FDI and technology spillovers are investigated in detail. Patent citation data are used to measure technology spillovers. Finally, the impact of DRTAs on international technology spillovers is analyzed. This book is highly recommended to readers who are interested in the effects of deep regional integration, including academic scholars, policymakers, and graduate students.
The Secular Decline of the South African Manufacturing Sector
1. Introduction.- 2. Does trade-openness affect the role of the domestic output-gap on inflation? If so, what is the role of the global out-put gap?.- 3. Does an increase in trade-openness and import-penetration affect income inequality? Evidence from the manufacturing sector output growth and employment growth.- 4. What is the impact of Chinese import penetration on the South African manufacturing sector?.- 5. What is the impact of global trade uncertainty and the exchange rate volatility on the manufacturing sector?.- 6. How does activity in manufacturing sector respond to trade and exchange rate shocks? Evidence from trade-openness and import penetration thresholds.- 7. What is the impact of imports by stage of production on the manufacturing sector output and employment growth?.- 8. What is the impact of imports by stage of production and the manufacturing sector investment growth?.- 9. What is the impact of global trade uncertainty and the exchange rate volatility on the manufacturing sector?.- 10. What is the impact of commodity price booms and capital flows surges episodes on the manufacturing sector?.- 11. What are the effects of capital flow shocks on the domestic manufacturing sector?.- 12. Does the persistent widening in the trade deficit explain the decline in the manufacturing sector output and employment growth?.- 13. Do credit booms, financial and credit cycles affect activity in the manufacturing sector?.- 14. What is the role of business and consumer confidence in amplifying the transmission of positive shocks into the manufacturing sector?.- 15. Do positive investment shocks in the manufacturing sector result in increased labour absorption and participation rates?.- 16. Did the decline in the excess capital adequacy ratio amplify the monetary policy easing and credit cycles on activity in the manufacturing sector?.- 17. Did the increase in excess liquid assets of banks amplify the effects of tight macro-prudential tools on activity in the manufacturing sector?.- 18. Did loose loan-to-value and repayment-to-income ratios amplify commodity price booms on activity in the manufacturing sector?.- 19. Do tight loan-to-value and repayment-to-income ratios in amplify the effects of tight monetary policy cycles on the manufacturing sector activity?.- 20. What is the impact of selected financial regulation and macro-prudential tools on credit to the manufacturing sector?.- 21. Did monetary policy cycles propagate the impact of credit and financial cycles on activity in the manufacturing sector during 2005Q1 and 2008Q3?.- 22. What was the role of demand shocks, supply shocks, productivity shocks and monetary policy shocks on the manufacturing sector during 2005Q1 and 2008Q3?.- 23. The role of electricity price shocks on the manufacturing sector output and employment growth.- 24. What is the impact of the manufacturing sector output and sub-sector employment growth on the labour absorption and participation rates?.- 25. What is the nature of the output-employment in the manufacturing sector? Evidence from the manufacturing subsectors.- 26. What are the effects of the minimum wage and productivity growth on the manufacturing sector output and employment growth?.- 27. What is the impact of market income concentration and the mergers and acquisitions channel on the manufacturing sector?.
Globalization and Sustainable Growth in China
This book is on globalization and sustainable growth in China. Thanks to the market-oriented policy reforms initiated in the late 1970s, China has achieved spectacular economic growth over the past several decades, and its economic structure has experienced great transformation. In the meantime, in the general context of globalization, the whole country has also gradually opened up to foreign trade and foreign direct investment, transforming itself from a virtually completely closed economy to a major trading nation and the largest developing-country destination for foreign direct investment in the world. In the first three chapters of this book, we investigate the potential and actual mechanisms and channels through which globalization, especially openness to foreign trade and foreign direct investment, affects industrial development and growth disparities in China. The current wave of globalization has encouraged economic growth in the world economy and affected all sides of international economic involvement. In the next four chapters of the book, we study China and the world economy. We first join the line of research on the trade frictions between China and the United States, including an analytical chapter on trade imbalance and protectionist policy, and an empirical chapter on business cycle synchronization between China and the US. A chapter on growth cycles in the BRICS is also included to explore growth and trade linkages among these five emerging market economies. A new "conventional wisdom" on globalization is that trade and financial openness do not lead to higher economic growth by themselves, in the absence of institutional reforms. Motivated by the Chinese experience, we develop an analytical framework in the last chapter to examine the case of growth targeting in China and draw policy implication for LDCs on how to achieve positive and sustainable economic growth. This book provides the readers with new facts and new findings that shed light on their understanding of globalization and sustainable growth in China.
Fintech
Fintech, the integration of technology into the delivery of financial services has revolutionised the world of Finance. This book introduces a new framework to study the concepts that underly Fintech while examining the driving forces and underlying logic behind Fintech-based innovation and predicting the future development of Fintech.
Ascend to Greatness
What specifically makes a company elite and, importantly, how do you build and sustain such an organization? Salvatore Fazzolari draws upon over four decades of leadership experience to describe his innovative elite enterprise model that provides aspiring leaders a comprehensive framework on how to build and sustain an enduring elite company. In Ascend to Greatness: How to Build an Enduring Elite Company, he outlines three foundational pillars-leadership, strategy, and execution-and seventeen core principles that companies need to implement at an elite level to achieve greatness. Whether you are an executive, professional manager, business leader, newly appointed CEO, CEO of a privately-owned company, or even an MBA student, in Ascend to Greatness, you'll learn why Salvatore's elite enterprise model is all you need to get you focused on climbing the ultimate summit, where the air is thin and where only the elite can successfully climb.
Ascend to Greatness
What specifically makes a company elite and, importantly, how do you build and sustain such an organization? Salvatore Fazzolari draws upon over four decades of leadership experience to describe his innovative elite enterprise model that provides aspiring leaders a comprehensive framework on how to build and sustain an enduring elite company. In Ascend to Greatness: How to Build an Enduring Elite Company, he outlines three foundational pillars-leadership, strategy, and execution-and seventeen core principles that companies need to implement at an elite level to achieve greatness. Whether you are an executive, professional manager, business leader, newly appointed CEO, CEO of a privately-owned company, or even an MBA student, in Ascend to Greatness, you'll learn why Salvatore's elite enterprise model is all you need to get you focused on climbing the ultimate summit, where the air is thin and where only the elite can successfully climb.
Modeling Economic Growth in Contemporary Greece
In the aftermath of the devastating economic depression suffered for almost a decade, Modeling Economic Growth in Contemporary Greece assesses the conditions shaping the Greek economy's restart, discussing the effect of institutions on the business environment and highlighting the factors which are critical for achieving sustainable economic growth. The intrinsic properties of the Greek economic and business environment imply that there are country-specific factors responsible for the performance of the Greek economy, which is differentiated from its European counterparts. Despite being a member of the European Union since 1981 and one of the twelve first countries who adopted the euro, Greece has not been able to converge in crucial macroeconomic indicators with the early euro area Member States. The European stimulus package to support post COVID-19 recovery appears as a unique opportunity for Greece to develop a long-term vision and materialize reforms that will unlock the economy's true potential. This latest book in the Entrepreneurship and Global Economic Growth series is centred around the determinants of and obstacles to Greece's sustainable economic growth, presenting the macroeconomic and external environment and the dynamics of Greek economy and focuses onto internal conditions shaped by country-specific characteristics affecting labor and product markets' efficiency and the performance of institutions and production factors.
Sustainable Consumption and Production, Volume II
Circular economy principles are driving to overcome the challenges of today's linear take-make-dispose production and consumption patterns through keeping the value of products, materials, and resources circulating in the economy as long as possible. Sustainable Consumption and Production, Volume II: Circular Economy and Beyond aims to explore the sustainable consumption and production transition to a circular economy, while addressing critical global challenges by innovating and transforming product and service markets towards sustainable development. This book explores how consumers, private sector, relevant international organizations, and governments can play an active role in innovating businesses to help companies, individuals (consumers and citizens), organizations, and sectors, to remain competitive, while transitioning towards sustainable markets and economies. It is of interest to economists, students, businesses, and policymakers. Chapter "Tourism as (Un)sustainable Production and Consumption" is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Environmental, Social, and Governance Perspectives on Economic Development in Asia
This volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the consequences of green supply chain integration and environmental uncertainty on performance, along with the effects of perceived organisational support, transformational leadership, and teamwork on employee engagement. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as corporate social responsibility and the effects of public policy. Environmental, Social, and Governance Perspectives on Economic Development in Asia also includes empirical studies in financial economics and public governance. For example, one chapter analyses the impact of COVID-19 pandemic risk and lockdown on the Indian economy, while another empirically studies the influence of word of mouth variables on visits and re-visits for ecotourism in West Java. Together, ISETE 29 volume B, is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.
Bangladesh at Fifty
This book explores the diverse experience of Bangladesh's development over the last fifty years and provides systematic explanations of its success in socioeconomic development. It also assesses future trends on the basis of past experiences. It is widely acknowledged that Bangladesh provides one of the most striking examples in the study of present day development along with rapid growth and catching up. The analysis highlights the development traps that Bangladesh faced during its journey and the ones that may have to be faced in the coming decades in order to move towards prosperity. The book asserts that explaining Bangladesh's development is not for the simpleminded; any single mono-causal explanation for Bangladesh's development is bound to fall down in the face of reality. This book will be of interest to academics, students, policy makers and development practitioners especially in developing countries--in particular in South Asia and Bangladesh.
Dynamic Decisions: Energy Pivot, Adaptive Moves, Winning Bounce
Dynamic Decisions highlights how some managers and policymakers sleepwalk into decision paralysis. Strategically, they partly recognise their world is changing radically as energy systems transition. In deciding what to invest in, they default to rewarding the predictable and proven, often misdiagnosing the ignored risks of innately ambiguous markets. To remedy this, the author frames ambiguity as a source of opportunity. As extant advantages obsolesce, new entrants could disrupt to gain dominance. Some managers could repurpose, reframe, and reconfigure their resources and processes to create tomorrow's profitable niches today. To profit from these emerging business landscapes, managers can PIVOT and BOUnCE to win by transitioning into a dynamic mindset. Endowed with a creative mind to innovate, humans could reshape their firms and their societies. Armed with these capabilities, albeit partial, managers could choose to adapt responsive strategic actions that are tangible, actionable, and achievable, with policy sustaining societal benefits by expanding people's access to opportunities.Dynamic Decisions is written for managers and policymakers that seek to benefit their firms and communities in how they conduct their business and themselves. Connecting theory to practice with actual business cases, this book is organised into four clusters that act as building blocks to structure the reader's decision-making process. Through experimentation, learning, and adaptation, the reader of Dynamic Decisions will redirect their strategic actions that are necessary to nurture tomorrow's profitable niches today.
Oxford Ib Study Guides: Economics for the Ib Diploma
Comprehensively updated to match the 2020 syllabus and written by two experienced IB Economics teachers, this study tool presents all the content knowledge covered at Standard and Higher Level. With its focused approach, it distinctly strengthens comprehension of the subject, ensuring learners' confidence and achievement in the IB Diploma.
Development, Distribution, and Markets
This volume is a testament to the breadth and policy relevance of development economics today. It grapples with questions on how to design anti-poverty policies and under what conditions we can expect them to be successful. It concentrates on programmes and policies for India and covers international experience with cash transfer programmes. The work in this area applies core theoretical insights to policy discussions surrounding poverty measurement, income inequality, rural unemployment, and compares alternative growth strategies in terms of their impact on poverty and inequality. The book closes with chapters that trespass the boundaries of economics and enter the territory of politics, to engage urgent concerns of the day that are the basis of much dispute and debate. The essays are collected under three broad themes-anti-poverty policies; land, labour, and financial markets; and political economy.
State Collapse and Reconstruction in the Periphery
In the 1990s, Yugoslavia, which had once been a role model for development, became a symbol for state collapse, external intervention and post-war reconstruction. Today the region has two international protectorates, contested states and borders, severe ethnic polarization and minority concerns. In this first in-depth critical analysis of international administration, aid and reconstruction policies in Kosovo, Jens Stilhoff S繹rensen argues that the region must be analyzed as a whole, and that the process of state collapse and recent changes in aid policy must be interpreted in connection to the wider transformation of the global political economy and world order. He examines the shifting inter- and intracommunity relations, the emergence of a "political economy" of conflict, and of informal clientelist arrangements in Serbia and Kosovo and provides a framework for interpreting the collapse of the Yugoslav state, the emergence of ethnic conflict and shadow economies, and the character of western aid and intervention. Western governments and agencies have built policies on conceptions and assumptions for which there is no genuine historical or contemporary economic, social or political basis in the region. As the author persuasively argues, this discrepancy has exacerbated and cemented problems in the region and provided further complications that are likely to remain for years to come.
Second Wave
Though it had helped define the New South era, the first wave of regional industrialization had clearly lost momentum even before the Great Depression. These nine original case studies look at how World War II and its aftermath transformed the economy, culture, and politics of the South. From perspectives grounded in geography, law, history, sociology, and economics, several contributors look at southern industrial sectors old and new: aircraft and defense, cotton textiles, timber and pulp, carpeting, oil refining and petrochemicals, and automobiles. One essay challenges the perception that southern industrial growth was spurred by a disproportionate share of federal investment during and after the war. In covering the variety of technological, managerial, and spatial transitions brought about by the South's "second wave" of industrialization, the case studies also identify a set of themes crucial to understanding regional dynamics: investment and development; workforce training; planning, cost-containment, and environmental concerns; equal employment opportunities; rural-to-urban shifts and the decay of local economies entrepreneurism; and coordination of supply, service, and manufacturing processes. From boardroom to factory floor, the variety of perspectives in The Second Wave will significantly widen our understanding of the dramatic reshaping of the region in the decades after 1940.
Understanding the New Global Economy
This book clarifies the fundamental questions and trade-offs in this new global economy, and gives readers the tools to understand contemporary debates. It presents a range of possible policy options, without being prescriptive.
Stock Returns and Option Prices. A Simulation Analysis
Seminar paper from the year 2018 in the subject Economics - Finance, grade: 1.0, Zeppelin University Friedrichshafen, course: Advanced Financing, language: English, abstract: This paper is concerned with analyzing the basic determinants of option prices. These are the information derived from the underlying stock, namely the mean and the volatility of its returns. Therefore, this paper aims at answering the question, what influence stock return mean and volatility have on the respective option prices. This can be important to option traders trying to identify the stocks for which to trade options, by providing an understanding for the foundations of the option pricing and the information those prices provide. To isolate these basic determinants from the other influences, described above as structural and institutional factors, a simulation study is conducted. Section 2 will provide the theoretical framework and simulation methodology for the study. Section 3 describes the used dataset and section 4 presents and discusses the results of the simulation.
The Political Economy of German Unification
Although German unification has had a profound impact on European integration and economic development, very few studies of the East German economy exist. The editors of this volume have therefore brought together specialists in economics and politics who analyze such important issues as privatization, monetary reform and unemployment. The aim is to provide scholars and generally interested readers with a critical understanding of the complex processes of German unification and to identify the general lessons that can be learnt from their analysis for economies and societies that undergo such profound transformations as has been the case in East Germany since the early 1990s.
Asian Development Outlook (ADO) 2021 Update
This report forecasts growth in developing Asia of 7.1% in 2021 and 5.4% in 2022 in an uneven recovery caused by divergent growth paths. Its theme chapter explores sustainable agriculture. Growth forecasts are revised up for East Asia and Central Asia from the projections made in April, but down for South Asia, Southeast Asia, and the Pacific. This reflects differences in vaccination progress and control of domestic COVID-19 outbreaks but also other factors, including rising commodity prices and depressed tourism. Inflation is expected to remain under control. The main risks to the economic outlook come from the COVID-19 pandemic, including the emergence of new variants, slower-than-expected vaccine rollouts, and waning vaccine effectiveness. Sustainable food production and agricultural systems that are resilient to climate change will be crucial for developing Asia. To transform agriculture in the region, its economies must tackle challenges from changing consumer demand, changing demographics, and a changing and more fragile environment.
Advanced Macroeconomics
Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions - ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors' own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.
Before Method and Models
A boldly revisionist history of the first disputes in nineteenth-century Britain over the role of economists in society Economics now so dominates our understanding of how the world works that some of the field's most influential concepts seem akin to natural laws. Yet economists themselves are a relatively recent species of intellectual, first emerging in the late eighteenth and early nineteenth centuries. And like the economists of our own era, the pioneering work of the early economists was decidedly a product of its time. Before Method and Models looks back to the first disputes in nineteenth-century Britain over the role of economists in society to explain how the broader historical and intellectual context has always shaped the field. Ryan Walter's boldly revisionist history focuses on Thomas Robert Malthus and David Ricardo, both of whom were attacked for producing a type of knowledge that was perceived to be dangerous to society. Rather than simply assuming that "classical political economy" always existed, Walter recovers the historical circumstances that actually shaped the development of their methods and concepts. The book delves into the major political controversies of the time - the Bullion Controversy and the Corn Laws debate - and the arguments that Malthus and Ricardo advanced in order to shape the outcome. By examining the hostile responses of Malthus and Ricardo's contemporaries, the book shows how the major challenge facing the first economists was to legitimize the activity of theorizing and then reforming economic life. In a time when debate about commerce and politics was conducted without our modern methods and models, Malthus and Ricardo fought for the creation of the new field of political economy and a role for their work at the center of politics. Walter's reconstruction of the era reveals an exceedingly sophisticated debate regarding the costs and benefits of reforming both institutions and laws through the new science of political economy.
Social Determinants of Health in Non-communicable Diseases
This book is open access under a CC BY-NC-ND 4.0 license.This open access book is the first compilation that reviews a wide range of social determinants of health (SDHs) for non-communicable diseases (NCDs) and healthy ageing in Japan. With the highest life expectancy and the largest elderly population in the world, Japan has witnessed health inequality by region and social class becoming more prevalent since the 2000s. The first half of this volume describes in detail major NCDs, such as cancers, heart and kidney diseases, diabetes, stroke, and metabolic syndrome. The second half, on the other hand, explores various SDHs relating to healthy ageing. All chapters review and focus on SDHs, particularly health inequality associated with socio-economic status and social capital, which are widely addressed in the field of social epidemiology. The book makes the argument that "Health for All" advocated by the WHO should be implemented based on social justice and benefits for the greater society. Public health researchers and policymakers, both in Japan and other nations, will gain scientific evidence from this book to prepare for the coming era as ageing becomes a global issue.
Economic Freedom and Social Justice
This book analyses the egalitarian foundations of equality law from a classical liberal perspective by asking two central questions: does justice ideally demand equality? Are differences in abilities among people in some sense unfair? The book examines these questions in the context of racial diversity. Racial justice as a component of social justice is often considered to be so emotionally and morally compelling that its implications for economic freedom are rarely subjected to critical scrutiny. In defending the classical ideal of formal equality in contexts of racial diversity this book questions the ethical status of egalitarian social and moral ideals. Economic Freedom and Social Justice argues that egalitarian ideals, like all subjective value judgements, must be subjected to critical intellectual inquiry rather than treated axiomatically. Drawing upon the legal framework in the UK and other common law jurisdictions, this book shows some of the ways in which egalitarian ideals, in addition to resting on false premises, are costly, harmful, and ultimately inimical to justice and liberty. The book argues that legal entitlements and policy guidelines constructed upon notions of racial equity are wrongly constituted as the main prism through which liberal market democracies govern private relationships, including the employment relationship. Written in a clear and forthright style, this book will be of interest to students and scholars in law, economics, philosophy and political economy.
An Economist's Outlook: Essays by John H. Makin from a Transformative Era
John Makin experienced and wrote persuasively about many of the most important economic events of the post-Cold War period. A University of Chicago-trained economist, Makin brought to his writing the benefits of academe, domestic public- and private-sector experience, and close observation of international economic developments. An Economist's Outlook: Essays by John H. Makin from a Transformative Era brings together some of his most important writings. They provide unique insights into economic events from 1992 to 2014, a tumultuous, transformative period beginning with the end of the Cold War. This collection begins with a look at fundamentals of economic policy, exploring concepts such as inflation, disinflation, and deflation. The second section applies Makin's keen understanding to events in the US and abroad, with particular emphasis on Japan's economic experience, the tech and housing bubbles, and the financial crash. Makin was an important voice on economic issues in the think tank and policy worlds. His perspective was always independent, earning him widespread respect across the political spectrum. This collection is an invaluable guide for both the beginner who wants to understand economic history, concepts, and policymaking and the seasoned expert who will appreciate Makin's impressive range and always thoughtful perspective on a transformative economic period.
The Achaean Federation in Ancient Greece
This book analyses ancient Greek federalism by focusing on one of the most organised and advanced Greek federal states, the Achaean Federation Sympoliteia. Unlike earlier studies that mainly focused on its political history, this book adopts an interdisciplinary approach, analysing aspects of the economic organization and institutions, and the political economy of the Achaean Federation, and combining these findings with political history. It also discusses the strategic choices made by significant historical figures such as generals Aratos and Philopoemen. The analysis of the Achaean Federation verifies the intertemporal federal axiom, which states that the success and viability of federal experiment is achieved when the benefits of participation for the member-states exceed the costs of conferring national sovereignty on supranational federal authorities.The book further argues that the Achaeans developed a system of sophisticated direct democratic procedures in decision-making on federal matters, as well as significant and highly sophisticated (for the era) economic institutions and federal practices, in order to achieve bonds of trust and legitimacy regarding their innovative federal structure. These practices included, among others, the creation of free market type economic institutions, a monetary union, federal budget, provision of public goods and a common defense and security policy for all the Achaean city-state members. Lastly, the book relates these findings to ideas on how the Achaean Federation would have dealt with a series of current global issues, such as European Union integration and problems such as Euroscepticism, Brexit and immigration.
The Evolution of the Greek Economy
This book assesses the current state of the Greek economy and detects its development and growth prospects up to 2030. The analysis begins with 19th century Greece, addressing the repeated defaults that led to the formation of a dependent state, and the failed modernizing attempts. Then the book addresses current geostrategic dimensions as well as the current structure of institutions and culture in Greece. The second part presents the evolution of sustainability, governance, and inclusivity, as well as the evolution of culture in Greek society and insights into the production prototype. The third part of the book looks forward to what lays ahead for Greece up to 2030. It presents the theoretical background for two scenarios: the normal scenario (business as usual, including the effects of the recent Covid-19 pandemic) and the optimal scenario (a pro-growth scenario including increases of Total Factor Productivity through structural reforms). In presenting these scenarios, the book discusses issues ranging from a comparative analysis between Greece and the Eurozone, the developments in output gap and potential output, public debt, competitiveness, basic macroeconomic variables, a detailed analysis on investments, and inclusive growth.
Industrialization and Economic Diversification
This book provides a systemic analysis of sustainable economic development through economic diversification. The book analyzes diversification and development experiences from comparative perspectives of Asia and Africa.
An Economist's Outlook: Essays by John H. Makin from a Transformative Era
John Makin experienced and wrote persuasively about many of the most important economic events of the post-Cold War period. A University of Chicago-trained economist, Makin brought to his writing the benefits of academe, domestic public- and private-sector experience, and close observation of international economic developments. An Economist's Outlook: Essays by John H. Makin from a Transformative Era brings together some of his most important writings. They provide unique insights into economic events from 1992 to 2014, a tumultuous, transformative period beginning with the end of the Cold War. This collection begins with a look at fundamentals of economic policy, exploring concepts such as inflation, disinflation, and deflation. The second section applies Makin's keen understanding to events in the US and abroad, with particular emphasis on Japan's economic experience, the tech and housing bubbles, and the financial crash. Makin was an important voice on economic issues in the think tank and policy worlds. His perspective was always independent, earning him widespread respect across the political spectrum. This collection is an invaluable guide for both the beginner who wants to understand economic history, concepts, and policymaking and the seasoned expert who will appreciate Makin's impressive range and always thoughtful perspective on a transformative economic period.
The Great Free Trade Myth
This book is based on the author's experience as a British diplomat and scholar working in East Asia for much of the period since 1980. It seeks to challenge widely held views in Britain about the nature of our relations with countries in East Asia, especially in respect of trade. It does so by looking at case studies, or specific incidents in diplomatic relations, not academic theory, using examples that have hitherto received little or no attention. While it is aimed at general readers who may have an interest in the broad subject, it should also be of great value to academics and scholars.
Corporate versus National Interest in US Trade Policy
This book provides a history of the WTO US-EU banana dispute through the lens of a major actor: the US-owned multinational firm, Chiquita Brands International. It documents and explains how Chiquita succeeded in having the Clinton administration pursue a trade policy of forcing the European Union to dismantle its preferential banana import regime for exports from the small English-speaking Caribbean (ESC) countries. The export of bananas was critically important to the social stability and economic viability of these countries and that was in the national security interest of the United States. The experience indicates that succeeding in this goal was detrimental to U.S. national security interest in the Caribbean.
China's Macroeconomic Outlook
This report is a partial result of the China's Quarterly Macroeconometric Model (CQMM), a project developed and maintained by the Center for Macroeconomic Research (CMR) at Xiamen University. The CMR is one of the Key Research Institutes of Humanities and Social Sciences sponsored by the Ministry of Education of China, focusing on Chinese economic growth and macroeconomic policies. The CMR started to develop the CQMM for purpose of short-term forecast, policy analysis, and simulation in 2005.Based on the CQMM, the CMR with its partners hold press conferences to release forecasts for China' major macroeconomic variables. Since July 2006, twenty-seven quarterly reports titled Chinese Macroeconomic Outlook have been presented and thirteen annual reports have been published.
Neoliberalism and Unequal Development
This book examines critical perspectives in mainstream neoliberal development analysis. It examines the neoliberal experiment as a global historical construct through the cases of Africa, Latin America, and Europe.
An Introduction to Tooke and Newmarch's A History of Prices and of the State of the Circulation From 1792 to 1856
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Lecture Notes on Types of Economic Theory; 1
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Usury Stated Overthrown, or, Usuries Champions With Their Auxiliaries, Shamefully Disarmed and Beaten
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Price Studies of the U.S. Department of Agriculture Showing Demand-price, Supply-price and Price-production Relationships; no.58
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
An Introduction to Tooke and Newmarch's A History of Prices and of the State of the Circulation From 1792 to 1856
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Balance Sheet for the Nation A Study in Concepts
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Sociological Aspects of Economic Growth
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The Maritime Provinces in Their Relation to the National Economy of Canada
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An Essay on the Population of Dublin.
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A Bibliography of Economics [microform]
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.