Mainstreaming Natural Capital and Ecosystem Services into Development Policy
This book highlights the latest advances in the science and practice of using ecosystem services to inform decisions for economic development in the context of the developing countries.
Extraterritoriality and International Bribery
Explains how, when, and to what extent, extraterritoriality is an effective tool in combating foreign bribery, and offers policy and legal reform proposals that will help utilize the benefits of the approach and limit its drawbacks.
A History of Utilitarian Ethics
In this landmark volume, Samuel Hollander presents a fresh and compelling history of moral philosophy from Locke to John Stuart Mill, showing that a 'moral sense' can actually be considered compatible with utilitarianism.
Alternative Approaches to Economic Theory
The 2007/08 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory this book contributes to the rebuilding of the discipline.
Financial Mathematics, Volatility and Covariance Modelling
This book provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling.
Urban Policy in Latin America
This book evaluates the impact of 20 years of urban policies in six Latin American countries: Argentina, Brazil, Chile, Colombia, Ecuador and Mexico.
Macroeconomics Without the Errors of Keynes
This book will be crucial reading for all scholars with an interest in the foundations of Keynes' theories, and anyone seeking to understand current debates regarding macroeconomic policy-making.
Negev Bedouin and Livestock Rearing
In the past sheep-rearing was the main means of existence for most Bedouin. Today it is developing in a new direction. For some it is as important as ever, for others it has become only a subsidiary source of income and a safeguard against economic instability.
Nonviolent Political Economy
Nonviolent Political Economy offers a set of theoretical solutions and practical guidelines to build an economy of nonviolence which implies a social state of peacefulness, involving minimal violence and minimal destruction of nature.
The Ethical Formation of Economists
Economists' role in society has always been an uneasy one, and in recent years the ethicality of the profession and its practitioners has been questioned more than ever. This collection of essays is the first to investigate the multifaceted nature of what forms economists' ethical and economic views.
Fiscal Policy in Early Modern Europe
This book will examine the gradual assembly and consolidation of Portuguese fiscal policy in the second half of the fifteenth century, providing a comparative analysis of the Portuguese State's finances and fiscal dynamics with other Western European monarchies.
Co-Operation and Globalisation
This book explains how the wholesales developed and managed these networks, giving them a competitive advantage in their dealings with the local societies.
Evolutionary Financial Macroeconomics
This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant contribution of the macro-theories of Veblen and Minsk.The main themes of the book are the cultural, evolutionary and holistic vision of macroeconomics.
Midnight’s Grandchildren
Midnight's Grandchildren explains for a business audience the significance of the arrival in the workforce of a generation of millennials as both disruptors of the old order and engine of India's future economic potential. It is of use for professionals and educators wanting to engage this vitally important group of young people.
Exchange Rates and Merchandise Trade in Liberalised India
This book examines the linkages between exchange rates and India's merchandise trade since the 1990s. It looks at India's trade in the post-liberalisation period through its two main components: commodities and trading partners, and surveys aggregate analyses along with a historical narrative of the evolution of trade and exchange rate dynamics.
Theories of Value from Adam Smith to Piero Sraffa
This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. With a new Afterword that follows up on the debates and developments since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.
Foreign Direct Investment in Large-Scale Agriculture in Africa
This book examines environmental sustainability and inclusive economic growth, providing in-depth analysis of foreign direct investment (FDI) in large-scale agriculture in Ethiopia.
Legal and Rhetorical Foundations of Economic Globalization
This book examines the subtle ways in which rhetorics of sacrifice have been re-appropriated into the workings of the global political economy in the 21st Century.
Economic Transition and International Business
Economic Transition and International Business brings together academic experts in International Business and sheds new light on the international phenomenon of transitions in the worldwide economy. It includes both academic investigations as well as in-depth empirical studies. The purpose of the book is to investigate how international transitions reshape the environment, as they reallocate and renew activities, and create new strategies for actors and stakeholders. It provides essential insights into a number of contextual changes that organisations are facing internationally, and is structured around three complementary themes. In the first part, recent economic and financial crises are analysed and presented as revealing transitions for the business world. In the second part, the impact of these transitions is assessed at the level of various key economic players in today's societies (states, business networks, companies, associations, etc.). In the third part, certain decision-making and managerial transitions are retained to illustrate the new deal linked to international transitions.This book is recommended reading for scholars and students in management and economics, as well as international business managers. They will find insightful information, either theoretical or practical, including various countries impacted by socio-economic transitions.
Principles and Pluralist Approaches in Teaching Economics
This volume is a state-of-the-art compilation of diverse and innovative perspectives, principles, and a number of practiced approaches of fields, courses, and methods of pluralist economics teaching. It fosters constructive controversy aiming to incite authors and commentators to engage in fruitful debate.
Mohammed VI's Strategies for Moroccan Economic Development
This book analyzes the economic development choices initiated by Morocco's King Mohammed VI since he ascended the throne in 1999 and situates those choices in the political economy development literature.
The Economic Thought of Michael Polanyi
Michael Polanyi is most famous for his work in chemistry and the philosophy of science, but in the 1930s and 1940s he made an important contribution to economics.
Law and Economics as Interdisciplinary Exchange
Provides insights on the foundations and methods, achievements and challenges of Law and Economics, and explores whether the field can be deemed a success as an interdisciplinary endeavour.
The Age of Entrepreneurship
This landmark research volume provides the first detailed history of entrepreneurship in Britain from the nineteenth century to the present. Using a remarkable new database of more than 9 million entrepreneurs, it gives new understanding to the development of Britain as the world's 'first industrial nation'.
Information and Communication Technologies for Development Evaluation
Written by a team of expert practitioners at the Independent Office of Evaluation of IFAD, this book gives an insight into the implications of new and emerging technologies in development evaluation.
Amartya Sen and Rational Choice
This book examines commitment as it has evolved in Sen's critique of orthodox rational choice theory.
Social and Economic Development in Central and Eastern Europe
This book identifies and analyses the key post-1990 developments across the New Member States at the sub-national and national levels, with frequent country-level and regional comparisons.
Peak Performance
Company and operational performance is always a topic of concern for corporations as they seek to provide quality products and services to their customer base. The Peak Performance Model discussed in this book is introduced to aid companies in identifying ways to improve company performance that can be sustained.
A New Approach to the Economics of Public Goods
The book opens with a brief introduction to common conceptions of public goods and a review of the existing literature on public goods.This has implications for the discourse on public goods and for our understanding of the societal and environmental impact of public goods.
The Vision of a Real Free Market Society
The Vision of a Real Free Market Society calls for root and branch changes to the inherent structure of American capitalism. The book explains why the system fails so many Americans in so many different ways, and outlines how we can build a better economy that simultaneously promotes freedom and social justice while crippling the powers o
Global Business Cycles and Developing Countries
This book investigates how global business cycles impact the economies of developing countries.
International Macroeconomics for Business and Political Leaders
International Macroeconomics for Business and Political Leaders explains the fundamentals of international macroeconomics in a very efficient and approachable text. It explores key macro concepts such as growth, unemployment, inflation, interest, and exchange rates. Crucially, it also examines how these markets are interconnected so tha
The Dark Side of Nudges
This book presents a critical approach to the study of nudging to highlight the foundations and effects of current policy-making trends in the neoliberal age of behavioural economics.It presents a re-examination of methodological foundations of behavioural economics and its consequences for addressing social and economic policy challenges.
Accounting and Statistical Analyses for Sustainable Development
In this Open Access publication Claudia Lemke develops a comprehensive Multi-Level Sustainable Development Index (MLSDI) that is applicable to micro, meso, and macro objects by conducting methodological and empirical research. Multi-level comparability is crucial because the Sustainable Development Goals (SDGs) at macro level can only be achieved if micro and meso objects contribute. The author shows that a novel information-theoretic algorithm outperforms established multivariate statistical weighting methods such as the principal component analysis (PCA). Overcoming further methodological shortcomings of previous sustainable development indices, the MLSDI avoids misled managerial and political decision making.
Follow the Money
Is it Really Possible to End Global Poverty? Every generation of people puts forth a prescription for handling poverty. To date, every antidote for poverty has been a miserable failure. Follow the Money looks at the history of failures, both liberal and conservative, in the United States and declares if the real causes aren't addressed we are headed for a catastrophic economic collapse. Daniel is an emotionally reclusive and secretive mathematician, who taught chess around the United States for over twelve years. He challenged himself with impossible questions to maintain his own sanity. Over fifteen years ago, in the midst of a mental breakdown, he asked the question "How Can I Destroy America?" Follow the Money is not only a solution to the question but a step by step process on how to stop the plan to destroy America. In these pages you'll discover: ...that the United States was almost destroyed twice by technology. ...that America suffered over 20 major financial crashes since its founding. ...that the technology to cause a cataclysmic economic collapse is already upon us. ...that there is an alternative to the banking system we currently have. ...that the future for you and your children may be a new form of slavery. Are you concerned about the future for yourself and your family? There is a solution to global poverty. If you are interested, then this book is for you.
Time for Socialism
A chronicle of recent events that have shaken the world, from the author of Capital in the Twenty-First Century Praise for Time for Socialism: "Lively, thought-provoking, grounded in facts, and resolutely optimistic--these essays grapple with the big questions of our time, from the rise of Trumpism and Brexit, to gender inequality and wealth taxation."--Gabriel Zucman, University of California, Berkeley Praise for Capital in the Twenty-First Century: "Piketty [is] arguably the world's leading expert on income and wealth inequality."--Paul Krugman, New York Times "Piketty has emerged as a rock star of the policy-intellectual world. . . . But make no mistake, his work richly deserves all the attention it is receiving."--Lawrence H. Summers, Democracy As a correspondent for the French newspaper Le Monde, world-renowned economist Thomas Piketty has documented the rise and fall of Trump, the drama of Brexit, Emmanuel Macron's ascendance to the French presidency, the unfolding of a global pandemic, and much else besides, always from the perspective of his fight for a more equitable world. This collection brings together those articles and is prefaced by an extended introductory essay, in which Piketty argues that the time has come to support an inclusive and expansive conception of socialism as a counterweight against the hypercapitalism that defines our current economic ideology. These essays offer a first draft of history from one of the world's leading economists and public figures, detailing the struggle against inequalities and tax evasion, in favor of a federalist Europe and a globalization more respectful of work and the environment.
Overcoming Overtourism
Cultural Overtourism is a comparatively new term, and refers to historical sites, museums and places that are extremely crowded by tourists; hence, a type of tourism that has negative effects on both the cultural sites and the people who live there. This problem has sparked more and more protests. Accordingly, many cultural institutions and cities are now taking measures to limit the flow of tourists. In this book, Bruno S. Frey - a renowned and frequently cited economist - suggests, on the contrary, an extension of the supply of cultural sites in the form of "Revived Originals". By this he means the erection of identical replicas of the most important buildings at a suitable nearby location. In addition, digital information technologies (augmented and virtual reality including holograms) can be used to immerse visitors in the history and culture of the newly established sites, while adjacent hotels, restaurants and shops provide the necessary accompanying infrastructure. In this way, the flow of tourists can be distributed between the original site and the Revived Original. This book outlines the "Revived Originals" concept, discusses the organisational and economic challenges it entails, and contrasts it with existing Disneyland concepts. Especially for families with children or people who have little interest in culture - i.e., for the majority of visitors - these places can be very attractive. This book will appeal to anyone interested in alternative forms of tourism, as well as political and administrative decision-makers looking for new solutions to cultural overtourism.
Metropolitan Economic Development
Taking Mexico as a case study and weaving in comparisons from Latin America and developed countries, this book explores current trends and policy issues around urbanization, metropolization, economic development and city-region governance.
Broadening Trade Theory: Incorporating Market Realities Into Traditional Models
This volume is a collection of the author's past and recent research. It concentrates on some topics that continue to be neglected in mainstream trade theory, but which have grown in empirical relevance as the decades have passed and allow us to broaden our world view. These include adding multinational firms and a major role for the demand side of general equilibrium to our conventional portfolio of models.Part I in the volume focuses on multinational firms and the incorporation of endogenous location and ownership choices into general-equilibrium trade models. A particular emphasis, repeatedly confirmed in empirical studies, is on horizontal firms that replicate activities across borders. Two chapters on the vertical integration versus outsourcing decision reveal the non-excludable property of knowledge-based assets.Part II focuses on the demand side of general equilibrium, arguing and showing empirically that non-homothetic preferences, which give an important role to per capita income, help explain many of the empirical puzzles that trade economists keep trying to explain only from the production side of general equilibrium.Part III is eclectic, but the chapters in this section share the common thread of showing how distortions and allowing trade in factors of production both modify traditional policy ideas and also create additional sources of gains from trade.
The Basic Income Distribution System of China
​Chapter 1 The Theoretical and Institutional Evolution of Marxist Political Economy on Distribution.- Chapter 2 Theoretical Review on Income Distribution in Western Economics.- Chapter 3 Primary Distribution and Macro Distribution Patterns of National Income.- Chapter 4 Redistribution of National Income.- Chapter 5 New Concepts, New Ideas of Shared Development.- Chapter 6 Basic Conclusion and Policy Implications.
Statistical Properties in Firms' Large-Scale Data
This is the first book to provide a systematic description of statistical properties of large-scale financial data. Specifically, the power-law and log-normal distributions observed at a given time and their changes using time-reversal symmetry, quasi-time-reversal symmetry, Gibrat's law, and the non-Gibrat's property observed in a short-term period are derived here. The statistical properties observed over a long-term period, such as power-law and exponential growth, are also derived. These subjects have not been thoroughly discussed in the field of economics in the past, and this book is a compilation of the author's series of studies by reconstructing the data analyses published in 15 academic journals with new data. This book provides readers with a theoretical and empirical understanding of how the statistical properties observed in firms' large-scale data are related along the time axis. It is possible to expand this discussion to understand theoretically and empirically how the statistical properties observed among differing large-scale financial data are related. This possibility provides readers with an approach to microfoundations, an important issue that has been studied in economics for many years.
If You’re a Classical Liberal, How Come You’re Also an Egalitarian?
Classical liberalism has wrongly been regarded as an ideology that rejects the welfare state. In this book, ?sbj繪rn Melkevik corrects this common reading of the classical liberal tradition by introducing a theory of "rule egalitarianism". Not only is classical liberalism compatible with social justice, but it can also help us understand why some egalitarian endeavours are an essential feature of a market society. If a necessary link exists between the classical liberal tradition and the moral and institutional dimensions of the rule of law, then this tradition is bound to uphold a substantial form of social justice. Coherence requires that classical liberals like Friedrich Hayek and Milton Friedman adopt an authentic egalitarian program. They should ameliorate poverty and limit inequality not merely out of prudence or collective self-interest, but for the natural justice of ongoing social cooperation as well as for the impartiality of market institutions.
The Shop on High Street
This book tells the story of a Chinese family owned shophouse in Kuala Lumpur, Malaysia, through the lens of petite capitalism. Neo-Marxist in spirit, literary in tone, it recounts the triumph and despair of a family in its struggles against the financial frailty and structural limitations of a pervasive economic form of the Chinese diaspora: the small family business. The daily realities of the Chinese shophouse are captured by the art of ethnography and the author's own memories. The book examines Chinese petite capitalism afresh by bringing into focus issues not usually covered by writers on the subject--the concept of petite capitalism, the architecture of the Asian shophouse, the Hakka kinship, 'tiger parenting' and Chinese childrearing, the culture of debt, family legacy, and Chinese inheritance. The book reveals the business acumen for which the Chinese diaspora are renowned as part truth and part myth. Schumpeter's 'creative destruction' hauntsthe small Chinese family business where hard work and individual efforts are helpless against the ever-evolving nature of capitalism.
Global Goliaths
How multinationals contribute, or don't, to global prosperityGlobalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible.In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals?In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.
Econobabble
'Economics is like a tyre lever: it can be used to solve a problem, or to beat someone over the head.'What is econobabble? We hear it every day, when politicians and commentators use incomprehensible economic jargon to dress up their self-interest as the national interest, to make the absurd seem inevitable or the inequitable seem fair. This book exposes the stupid arguments, bizarre contradictions and complete lack of evidence upon which much 'common sense' about the economy rests in Australia.Econobabble is for those who, deep down, have never believed that it makes sense, economic or otherwise, to help poor people by slashing public spending on the services they need. It's for those who have a sneaking suspicion that it would be cheaper to avoid the effects of climate change than to let them happen and then 'adapt'. And it's for those who think pitting public health and aged care against the economy is a false dilemma, one that's short-sighted, callous and potentially dangerous.In this new edition, Richard Denniss demolishes the tired and misleading arguments of right-wing economic 'experts' with humour and precision, empowering you to cut through the babble and reach the truth.
Economic and Monetary Sovereignty in 21st Century Africa
Over forty years after the formal end of colonialism, suffocating ties to Western financial systems continue to prevent African countries from achieving any meaningful monetary sovereignty. Economic and Monetary Sovereignty in 21st Century Africa traces the recent history of African monetary and financial dependencies, looking at the ways African nations are resisting colonial legacies. Using a comparative, multi-disciplinary approach, this book uncovers what went wrong after the Pan-African approaches that defined the early stages of independence, and how most African economies fell into the firm grip of the IMF, World Bank, and the EU's strict neoliberal policies. This collection is the first to offer a wide-ranging, comparative and historical look at how African societies have attempted to increase their policy influence and move beyond neoliberal orthodoxy and US-dollar dependency. Economic and Monetary Sovereignty in 21st Century Africa is essential reading for anyone interested in the African quest for self-determination in a turbulent world of recurring economic and financial crises.
Financialisation in the Automotive Industry
It is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This book explores this increasing financialization - the predominance of the financial sector over the productive sector - in the automotive industry.
