Capital Mobility in Asia
"Asia has benefited greatly from its integration into the world economy. But globalization has its challenges, including those that are the subject of this excellent new study: how to manage the interface with global capital markets, especially in the current, highly unusual monetary policy settings in the major economies. Dr. Juthathip Jongwanich has been researching these issues for several years. In this volume she writes with great authority, providing a comprehensive, succinct and accessible examination of the many complex issues. A must-read volume for policy makers and academics alike."
The Black Swan
One of the primary qualities of good creative thinking is an intellectual freedom to think outside of the box. Good creative thinkers resist orthodox ideas, take new lines of enquiry, and generally come at problems from the kinds of angles almost no one else could. And, what is more, when the ideas of creative thinkers are convincing, they can reshape an entire topic, and change the orthodoxy for good. Nassim Nicholas Taleb's 2007 bestseller The Black Swan: The Impact of the Highly Improbable is precisely such a book: an entertaining, polemical, creative attack on how people in general, and economic experts in particular view the possibility of catastrophic events. Taleb writes with rare creative verve for someone who is also an expert in mathematics, finance, and epistemology (the philosophy of knowledge), and he martials all his skills to turn standard reasoning inside out. His central point is that far from being unimportant, extremely rare events are frequently the most important ones of all: it is highly improbable, but highly consequential occurrences - what he calls Black Swans - that have shaped history most. As a result, Taleb concludes, improbability is not a reason to act as if a possible event does not matter. Rather, it should inspire the opposite reaction.
Capital in the Twenty-first Century
A New York Times #1 BestsellerAn Amazon #1 BestsellerA Wall Street Journal #1 BestsellerA USA Today BestsellerA Sunday Times BestsellerA Guardian Best Book of the 21st CenturyWinner of the Financial Times and McKinsey Business Book of the Year AwardWinner of the British Academy MedalFinalist, National Book Critics Circle Award "It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year--and maybe of the decade."--Paul Krugman, New York Times "The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat."--The Economist "Piketty's Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years."--Steven Pearlstein, Washington Post "Piketty has written an extraordinarily important book...In its scale and sweep it brings us back to the founders of political economy."--Martin Wolf, Financial Times "A sweeping account of rising inequality...Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore."--John Cassidy, New Yorker "Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years."--Timothy Shenk, The Nation
Architect of Prosperity
At the end of the Second World War, Hong Kong lived up to its description as "the barren island." It had few natural resources, its trade and infrastructure lay in tatters, its small manufacturing base had been destroyed and its income per capita was less than a quarter of its mother country, Britain. As a British colony it fell to a small number of civil servants to confront these difficult challenges, largely alone. But by the time of the handover of Hong Kong to China in 1997, it was one of the most prosperous nations on Earth. By 2015 its GDP per capita was over 40% higher than Britain's. How did that happen? Around the world, post-war governments were turning to industrial planning, Keynesian deficits and high inflation to stimulate their economies. How much did the civil servants in Hong Kong adopt from this emerging global consensus? Virtually nothing. They rejected the idea that governments should play an active role in industrial planning - instead believing in the ability of entrepreneurs to find the best opportunities. They rejected the idea of spending more than the government raised in taxes - instead aiming to keep a year's spending as a reserve. They rejected the idea of high taxes - instead keeping taxes low, believing that private investment would earn high returns, and expand the long-term tax base. This strategy was created and implemented by no more than a handful of men over a fifty-year period. Perhaps the most important of them all was John Cowperthwaite, who ran the trade and industry department after the war and then spent twenty years as deputy and then actual Financial Secretary before his retirement in 1971. He, more than anyone, shaped the economic policies of Hong Kong for the quarter century after the war and set the stage for a remarkable economic expansion. His resolve was tested constantly over his period in office, and it was only due to his determination, independence, and intellectual rigor that he was not diverted from the path in which he believed so strongly. This book examines the man behind the story, and the successful economic policies that he and others crafted with the people of Hong Kong.
Trading With Ichimoku
The English language edition of the successful French publication. The Ichimoku Kinko Hyo trading indicator is an information-rich and extremely reliable tool that can be employed across all time frames. Once you have learned the subtleties of the method and understand its unique system of validating price movements, it will improve your trading. Trading with Ichimoku is a practical handbook explaining the different elements of the Ichimoku system of chart reading, from the description of each of its five lines to their interpretation within a wider process of trading analysis. You will rapidly conclude that even though there are only five lines to look at on Ichimoku charts, the information given is more than enough to achieve a detailed and broad view of market and what the price action reveals. Part 1 is devoted to the theoretical description of the various components making up Ichimoku. Part 2 explains how to trade with Ichimoku Kinko Hyo through several examples in various time frames. Part 3 introduces trading methods that combine classical trading tools with Ichimoku Kinko Hyo. Explanations and examples are illustrated throughout with detailed colour charts. Whether you are a beginner or an accomplished trader, you should add a knowledge of Ichimoku to your armoury to improve your analysis and your results. Reviews from French readers: "I highly recommend this book for anyone who wants to learn to use Ichimoku." "Clear explanations and especially great tips on how to trade." "Very informative book with clear and precise examples." "Good balance between the theory, analysis and trading."
The Road to Serfdom
Friedrich Hayek's 1944 Road to Serfdom is a classic of conservative economic argument. While undeniably a product of a specific time in global politics - which saw the threat of fascism from Nazi Germany and its allies beguilingly answered by the promises of socialism - Hayek's carefully constructed argument is a fine example of the importance of good reasoning in critical thinking.Reasoning is the art of constructing good, persuasive arguments by organizing one's thoughts, supporting one's conclusions, and considering counter-arguments along the way. The Road to Serfdom illustrates all these skills in action; Hayek's argument was that, while many assumed socialism to be the answer to totalitarian, fascist regimes, the opposite was true. Socialist government's reliance on a large state, centralised control, and bureaucratic planning - he insisted - actually amounts to a different kind of totalitarianism. Freedom of choice, Hayek continued, is a central requirement of individual freedom, and hence a centrally planned economy inevitably constrains freedom. Though many commentators have sought to counter Hayek's arguments, his reasoning skills won over many of the politicians who have shaped the present day, most notably Margaret Thatcher and Ronald Reagan.
Debt
Debt is one of the great subjects of our day, and understanding the way that it not only fuels economic growth, but can also be used as a means of generating profit and exerting control, is central to grasping the way in which our society really works. David Graeber's contribution to this debate is to apply his anthropologists' training to the understanding of a phenomenon often considered purely from an economic point of view. In this respect, the book can be considered a fine example of the critical thinking skill of problem-solving. Graeber's main aim is to undermine the dominant narrative, which sees debt as the natural - and broadly healthy - outcome of the development of a modern economic system. He marshals evidence that supports alternative possibilities, and suggests that the phenomenon of debt emerged not as a result of the introduction of money, but at precisely the same time. This in turn allows Graeber to argue against the prevailing notion that economy and state are fundamentally separate entities. Rather, he says, "the two were born together and have always been intertwined" - with debt being a means of enforcing elite and state power. For Graeber, this evaluation of the evidence points to a strong potential solution: there should be more readiness to write off debt, and more public involvement in the debate over debt and its moral implications.
Gender and Risk-Taking
The belief that men and women have fundamentally distinct natures, resulting in divergent preferences and behaviours, is widespread. Recently, economists have also engaged in the search for gender differences, with a number claiming to find fundamental gender differences regarding risk-taking, altruism, and competition. In particular, the idea that "women are more risk-averse than men" has become accepted as a truism. But is it true? And what are its causes and consequences? Gender and Risk Taking makes three contributions. First, it asks whether the belief that men and women have distinct risk preferences is backed up by high quality empirical evidence. The answer turns out to be "no." This leads to a second question: Why, then, does so much of the literature claim to find evidence of "difference"? This, it will be shown, can be attributed to biases arising from too-easy categorical thinking, widespread stereotyping, and a tendency to prefer results that are publishable and that fit one's prior beliefs. Third, the book explores the economic implications of the conventional association of risk-taking with masculinity and risk-aversion with femininity. Not only fairness in employment, but also the health of the financial sector and national responses to climate change, this book argues, are being compromised. This volume will be eye-opening for anyone interested in gender, decision-making, cognition, and/or risk, especially in areas relating to employment, finance, management, or public policy.
Manias, Panics and Crashes
Perhaps the most peculiar feature of a financial bubble - one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to - is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that this time things are different, that there are sound reasons to continue to invest and to presume that prices will continue to rise steadily forever.Kindleberger's achievement is to use the critical thinking skill of evaluation to examine this strange mindset and the arguments advanced in support of it. He harshly judges the acceptability of the reasons used to create such arguments, and highlights the issues of relevance and adequacy that give us every reason to doubt them. Kindleberger also uses his powers of reasoning to effect an unusual achievement - writing a work soundly rooted in economics that nonetheless engages and convinces a non-specialist audience of the correctness of his arguments.
Throwing Rocks at the Google Bus
Why doesn't the explosive growth of companies like Facebook and Uber deliver more prosperity for everyone? What is the systemic problem that sets the rich against the poor and the technologists against everybody else? When protesters shattered the windows of a bus carrying Google employees to work, their anger may have been justifiable, but it was misdirected. The true conflict of our age isn't between the unem­ployed and the digital elite, or even the 99 percent and the 1 percent. Rather, a tornado of technological improvements has spun our economic program out of control, and humanity as a whole--the protesters and the Google employees as well as the shareholders and the executives--are all trapped by the consequences. It's time to optimize our economy for the human beings it's supposed to be serving. In this groundbreaking book, acclaimed media scholar and author Douglas Rushkoff tells us how to combine the best of human nature with the best of modern technology. Tying together disparate threads--big data, the rise of robots and AI, the increasing participation of algorithms in stock market trading, the gig economy, the collapse of the eurozone--Rushkoff provides a critical vocabulary for our economic moment and a nuanced portrait of humans and commerce at a critical crossroads.
Unveiling the North Korean Economy
North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy. It takes advantage not only of carefully reconstructed macro data but also rich, new data at the micro level, such as quantitative surveys of North Korean refugees settled in South Korea, and the surveys of Chinese companies that interact heavily with North Korea.
China’s Soil Pollution and Degradation Problems
China's Soil Pollution and Degradation Problems utilizes grey literature such as newspaper articles, NGO reports and Chinese government information alongside academic studies in order to provide an extensive review of the challenges faced by grassroots organizations as they tackle environmental policy failings throughout China.
An Approach to Definite Forecasting
A complete and more easily calculated methodology for handling all forms of time data in business.
The Foreign Public Debt of China
An outline of all the contracted obligations of former recognized Chinese governments and China's potential financial capacity.
Wages
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Agricultural Trends in India, 1891-1947
In a developing economy, agriculture must not only provide for a growing populace but also produce a surplus for investment. For an ancient, custom-domi­nated land like India, how does agriculture attempt to meet these demands? In this book, the economic history of India's agriculture and the extent of its development, from 1891 to independence (1947), is closely and authoritatively examined in a study of output, acreage, and yield per acre for the eighteen crops that constitute most of India's agriculture. The nature of change for each of these eighteen crops, and for the foodgrain, non­foodgrain, and all-crop groups is described and analyzed for the fifty-six-year period as a whole, as well as for shorter periods, for British India and six major regions. Output and trade data are combined to determine trends in the availability of crops. These trends are compared with population figures to indicate changes in India's welfare. To explain the trends in acre productivity, close scrutiny is given to changes m the composition of output, intensity of cultivation, agricultural technology, and physical environment. An extensive treatment of the methodological problems encountered in assembling adequate crop data and statistical measurements precedes the investigation of agricultural development. An accurate account must balance the multitude of variables involved in the complex system by which agricultural information was compiled and evaluated: the reliability of the village recorders, the changes in boundary lines and the consequent changes in records, the influence of climate and foreign markets, as well as the larger patterns of history and nature, warfare and catastrophe. The comprehensive Appendix includes, among other source materials, the annual data for individual crops and crop aggregates and their trend rates for individual decades. The text contains numerous tables, charts, and maps.
The Fissured Workplace
For much of the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, as David Weil's groundbreaking analysis shows, large corporations have shed their role as direct employers of the people responsible for their products, in favor of outsourcing work to small companies that compete fiercely with one another. The result has been declining wages, eroding benefits, inadequate health and safety conditions, and ever-widening income inequality. "Authoritative...[The Fissured Workplace] shed[s] important new light on the resurgence of the power of finance and its connection to the debasement of work and income distribution."--Robert Kuttner, New York Review of Books "The kinds of workplace fissuring discussed here--subcontracting, franchising, and global supply chains--have been the subjects of a number of studies detailing the employment effects that Weil describes. The Fissured Workplace is unusual in bringing this research together into an integrated, detailed, and decidedly policy-oriented analysis...It makes a convincing case that the better regulation of fissured workplaces is a first step towards reversing the erosion of pay and conditions at the bottom of the labor market."--Virginia Doellgast, Times Higher Education
Behavioural Economics
Traditionally, economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given efficiently and generally making selfish decisions. Economists also assume that we're doing the very best we can possibly do--not only for today, but over our whole lifetimes too. The study of behavioral economics is revealing that our lives are not that simple. Instead, our decisions are complicated by our own psychology. Each of us makes mistakes every day. We don't always know what's best for us and, even if we do, we might not have the self-control to deliver on our best intentions. We struggle to stay on diets, to get enough exercise and to manage our money. We misjudge risky situations. We are prone to herding: sometimes peer pressure leads us blindly to copy others around us; other times copying others helps us to learn quickly about new, unfamiliar situations. This Very Short Introduction explores the reasons why we make irrational decisions; how we decide quickly; why we make mistakes in risky situations; our tendency to procrastination; and how we are affected by social influences, personality, mood and emotions. The implications of understanding the rationale for our own financial behavior are huge. Behavioral economics could help policy-makers to understand the people behind their policies, enabling them to design more effective policies, while at the same time we could find ourselves assaulted by increasingly savvy marketing. Michelle Baddeley concludes by looking forward, to see what the future of behavioral economics holds for us. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Stone Age Economics
Since its first publication over forty years ago Marshall Sahlins's Stone Age Economics has established itself as a classic of modern anthropology and arguably one of the founding works of anthropological economics. Ambitiously tackling the nature of economic life and how to study it comparatively, Sahlins radically revises traditional views of the hunter-gatherer and so-called primitive societies, revealing them to be the original "affluent society." Sahlins examines notions of production, distribution and exchange in early communities and examines the link between economics and cultural and social factors. A radical study of tribal economies, domestic production for livelihood, and of the submission of domestic production to the material and political demands of society at large, Stone Age Economics regards the economy as a category of culture rather than behaviour, in a class with politics and religion rather than rationality or prudence. Sahlins concludes, controversially, that the experiences of those living in subsistence economies may actually have been better, healthier and more fulfilled than the millions enjoying the affluence and luxury afforded by the economics of modern industrialisation and agriculture. This Routledge Classics edition includes a new foreword by David Graeber, London School of Economics.
The Selected Letters of John Kenneth Galbraith
The Selected Letters of John Kenneth Galbraith invites readers to join in conversations with presidents and first ladies, diplomats and schoolchildren, the McCarthy 'loyalty board', foreign heads of state and fellow economists, and a host of other correspondents. In his long and cosmopolitan life, Galbraith wrote thousands of letters, and Richard P. F. Holt has selected the most important of these from his archival research, now available in print for the first time. The letters provide an intimate account of the three main political goals to which Galbraith devoted his professional life: ending war, fighting poverty, and improving quality of life by achieving a balance between private and public goods in an affluent capitalist society. Showing his thoughtful insights and charming wit, this collection confirms Galbraith as a man of broad learning, superb literary skills, and deeply held progressive ideals.
Austerity Apparatus
"By 2009, every anti-worker ideologue and their devotees had a popularized concept under which to mobilize their arguments about how and why workers should absorb the excesses of those capitalists who wanted to maintain their wealthy lifestyles: austerity. In this sense, the austerity apparatus is simply that which functions to police the everyday operations of crisis capitalism. In another sense this apparatus is the mobilization of operations that are a normative part of capitalism even without a crisis But this is simply due to the fact that economic crises are also part of capitalism's day-to-day functioning: capitalism is crisis, implicitly or explicitly."An excavation of the ideology of austerity and its relationship to the mechanisms of capitalism, Austerity Apparatus is a philosophical excursion through a variety of concepts surrounding capitalist crisis and class struggle. Written as a series of interconnected meditations on the problematic of austerity, Austerity Apparatus is a creative intervention rather than a polemic or rigorous analysis; it is designed to force reflection on the ways in which contemporary capitalism conditions its subjects to accept its limits.In examining the problematic of austerity, Moufawad-Paul also discusses the relationship between neoliberalism and fascism and the ways in which the latter is immanent to capitalism. This aspect of Austerity Apparatus should be of particular interest to readers exploring the meaning of the contemporary re-emergence of fascist politics.
The Korean Diaspora in the World Economy
Koreans living in the United States have generated an increase of about 15 to 20 percent in trade between the United States and Korea. This is one of the surprising conclusions reached in this special report, which, upon the 100th anniversary of the migration of Koreans from their homeland, looks at the impact of the 6 to 7 million people who make up this diaspora on both South Korean and overseas economies. No country in history has ever succeeded in building a developed and high-income economy without participating in the global economy; globalization is imperative for economic success. And one of the largest elements of globalization, in addition to international trade and investment, is migration. In The Korean Diaspora in the World Economy, experts hold up South Korea as one of the most dramatic examples of that experience, having gone from being a poor, underdeveloped country fewer than 40 years ago to becoming a postwar economic success story. This report also looks at South Korea's role as a regional trading partner and its present and future relations with North Korea.
Postcapitalism
We know that our world is undergoing seismic change--but how can we emerge from the crisis a fairer, more equal society? Over the past two centuries or so, capitalism has undergone profound changes--economic cycles that veer from boom to bust--from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new. At the heart of this change is information technology, a revolution that is driven by capitalism but, with its tendency to push the value of much of what we make toward zero, has the potential to destroy an economy based on markets, wages, and private ownership. Almost unnoticed, in the niches and hollows of the market system, swaths of economic life are beginning to move to a different rhythm. Vast numbers of people are changing how they behave and live, in ways contrary to the current system of state-backed corporate capitalism. And as the terrain changes, new paths open. In this bold and prophetic book, Mason shows how, from the ashes of the crisis, we have the chance to create a more socially just and sustainable economy. Although the dangers ahead are profound, he argues that there is cause for hope. This is the first time in human history in which, equipped with an understanding of what is happening around us, we can predict and shape the future.
Cooperative Commonwealth
The author examines how rural Minnesotans used the principles of cooperation to gain control of local economies and to exercise that control according to democratic principles. It is also a biography of rural people, told in their own words through newspapers and minutes of local meetings.
Keynes, Keynesians, and Monetarists
New disorders require new polices, says economist Sidney Weintraub. In this book he draws together many of his shorter writings to deal with economic problems that have defied orthodox monetary and fiscal remedies. Weintraub has long been noted for his vigorous criticism of both monetarist and Keynesian schools of thought for their failure to cope with disorders in our economy involving unemployment and inflation. Keynes, Keynesians, and Monetarists contains the original article on TIP, written in collaboration with Henry Wallich, outlining a tax-based incomes policy to combat inflation in an era of unemployment. This essay has been the focus of extended discussion in official quarters, among economics and in the public press.
Post-Industrial Philadelphia
The fourth report of the Temple-Penn Philadelphia Economic Monitoring Project continues the work of the Wharton Philadelphia Economic Monitoring Project, which began in 1984. This volume examines the manufacturing and service industries that have experienced employment growth in the region. Through detailed analysis of changes in the quantity, quality, and location of employment for specific industries in manufacturing, in producer services, in health care services, and in research and development activities, the authors explain why industries grew and asses their potential for further expansion.
Competition Law, Regulation and SMEs in the Asia-Pacific
Small and medium-sized enterprises (SMEs) account for more than 90 per cent of all businesses in the Asia-Pacific region -- an area which is rapidly updating its competition laws and regulations to encourage greater entrepreneurship and open, dynamic economies. Yet SMEs are almost invisible when those competition policies and laws are developed and enforced. SMEs are often quite different businesses than large, multinational corporations, but their nature, significance and characteristics are often overlooked. This book seeks to rectify the relative neglect in research and policy discussions on the role of the SME sector in competition policy and law. Drawing on contributions from a wide range of competition regulators, lawyers, academics, consultants and advisers to the SME sector, it addresses such important issues as: - perceptions and views of small businesses about competition law;- regulator engagement and education of the SME sector;- the link between competition law and economic growth;- franchising, SMEs and competition law;- issues in enforcing competition law against SMEs;- the role of Chinese family firms;- trade, professional and industry associations;- country case studies from Vietnam, Singapore, Indonesia, Malaysia, China, South Korea, Hong Kong SAR, Japan and the Pacific Islands. "This book is an important step in remedying the gaps in our knowledge and policy of this important area." --Dr Alan Bollard, Executive Director, APEC Secretariat
British Enterprise in Nigeria
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Quantity Planning and Price Planning in the Soviet Union
Karl Scholz's translation of the study Mengenplanung und Preisplanung in der Sovijunion by Hans Hirsch reproduces the provocative thesis of the author in concise, lucid English. The need for such a book is made dear in Hans Hirsch's introduction: "The question of economic accounting under socialism has attracted much interest for a long time. This is primarily due to its key position in the controversy over the economic order. However, if understood correctly, it is just as important to pure economic theory. Here lies the best opportunity first to examine price theory statements and to perceive how far price theory has either general validity or is merely applicable to particular historical phenomena and, secondly, to separate out the items that are not determined by the logic of the theoretical system but by the incidental peculiarities of the empirical economy to which the theory is related. Hans Hirsch's treatise deals with the Soviet experience and difficulties. The treatise also shows the methods of economic guidance employed in Russia by considering the following significant theoretical economic series of topics: the principles determine quantities of product and the direction of their use; the distribution of authority and influence between higher and lower guiding agencies; the role of prices in the guiding process; and finally the operating forces and viewpoints, in setting prices. In the presentation the conflict between the system of material planning, which forms the basis, and the effects of the financial means of guidance, especially of prices, becomes clearly visible. This gives occasion to attempt a theoretical interpretation of the material guidance system, as such, and in its relationship to a financial guidance system. In so doing the author expresses views as to the basic compatibility of material and financial guidance methods, contrary to hitherto prevailing doctrine. The knowledge thus acquired will serve as renewed stimulus to further development of the theory of economic planning.
Stages of Industrial Development in Asia
This volume is a major contribution to fuller understanding of the modern economic and industrial history of Asian nations and to the general understanding of the socioeconomic conditions in underdeveloped countries, stressing the history of the modernization of the cotton industry, not merely because of its basic importance but also because such limitation gives definiteness to the subject. The author analyzes all the factors that have changed the tempo, altered the direction, and limited the extent of the industrial development in these countries, with special references to the economic implication of actions by social organizations and political institutions. The volume contains a wealth of detailed statistical matter in which the reader will find systematically the main factual contexts of the industrial development of each country. Sung Jae Koh's service to English readers is therefore an important one in a field where there is an acknowledged growing need for such information. Sung Jae Koh held professorships at Yonsei University and Seoul National University. He was also a visiting scholar at the University of Pennsylvania.
Latin America
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Wholesale Prices in Philadelphia, 1784-1861
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Wholesale Prices in Philadelphia, 1784-1861
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Treatise on the Power and Utility of Moneys
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Wage-Price-Productivity Nexus
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
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 that readers will fully understand why economic, political, and social shocks to nations, such as the United States, China, Germany, Japan, and Brazil, must be evaluated in the context of all three macroeconomic markets: goods and services, credit, and foreign exchange. 　
Strategy for a Networked World
During the 1980s and 1990s, Richard Normann and his colleagues developed an original approach to strategy, based on seeing value as inherently co-produced in systems. Their 'Value Creating Systems' approach was a strong contrast to the idea of 'competitive advantage' that defined strategy at the time. The approach focuses on the design of the 'offerings' that define relationships among co-producers, and which connect actors in fields which transcend traditional industry borders. In the contemporary networked world, where consumers become co-producers, the ideas Normann and his colleagues developed towards strategy are uniquely effective in explaining and guiding practice.Strategy for a Networked World revisits and further develops these ideas. It is co-authored by two long-standing colleagues of Normann, Rafael Ram穩rez and Ulf Mannervik, who have successfully applied these ideas to their own consultancy practice. This book provides the theoretical basis for strategies of value co-creation, an accessible methodology and practical guidance, case studies of Facebook and the World Economic Forum, and examples of successful collaborations with organisations such as EDF, Scania, SCA and Shell.Designed to advise strategists and business developers working in uncertain, complex and turbulent contexts, it is suitable both for practitioners and for academics, combining theory and the means to turn it into practice. It will also serve as a valuable contribution to MBA classes and towards the development of more effective business strategies.
Hive Mind
Over the last few decades, economists and psychologists have quietly documented the many ways in which a person's IQ matters. But, research suggests that a nation's IQ matters so much more. As Garett Jones argues in Hive Mind, modest differences in national IQ can explain most cross-country inequalities. Whereas IQ scores do a moderately good job of predicting individual wages, information processing power, and brain size, a country's average score is a much stronger bellwether of its overall prosperity. Drawing on an expansive array of research from psychology, economics, management, and political science, Jones argues that intelligence and cognitive skill are significantly more important on a national level than on an individual one because they have "positive spillovers." On average, people who do better on standardized tests are more patient, more cooperative, and have better memories. As a result, these qualities--and others necessary to take on the complexity of a modern economy--become more prevalent in a society as national test scores rise. What's more, when we are surrounded by slightly more patient, informed, and cooperative neighbors we take on these qualities a bit more ourselves. In other words, the worker bees in every nation create a "hive mind" with a power all its own. Once the hive is established, each individual has only a tiny impact on his or her own life. Jones makes the case that, through better nutrition and schooling, we can raise IQ, thereby fostering higher savings rates, more productive teams, and more effective bureaucracies. After demonstrating how test scores that matter little for individuals can mean a world of difference for nations, the book leaves readers with policy-oriented conclusions and hopeful speculation: Whether we lift up the bottom through changing the nature of work, institutional improvements, or freer immigration, it is possible that this period of massive global inequality will be a short season by the standards of human history if we raise our global IQ.
No More Work
For centuries we've believed that work was where you learned discipline, initiative, honesty, self-reliance--in a word, character. A job was also, and not incidentally, the source of your income: if you didn't work, you didn't eat, or else you must be stealing from someone. According to such pieties, if you truly worked hard, you could earn your way and maybe even make something of yourself. In recent decades, through everyday experience, these beliefs have proven spectacularly false. Here, James Livingston explains why Americans still cling to work as a solution rather than a problem, resulting in a witty, stirring denunciation of the way we have always thought about why we labor. No More Work exhorts us to imagine a new way of finding meaning, character, and sustenance beyond our workaday world.
Economics Rules
In the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account of the discipline.Drawing on the history of the field and his deep experience as a practitioner, Rodrik argues that economics can be a powerful tool that improves the world--but only when economists abandon universal theories and focus on getting the context right. Economics Rules argues that the discipline's much-derided mathematical models are its true strength. Models are the tools that make economics a science.Too often, however, economists mistake a model for the model that applies everywhere and at all times. In six chapters that trace his discipline from Adam Smith to present-day work on globalization, Rodrik shows how diverse situations call for different models. Each model tells a partial story about how the world works. These stories offer wide-ranging, and sometimes contradictory, lessons--just as children's fables offer diverse morals.Whether the question concerns the rise of global inequality, the consequences of free trade, or the value of deficit spending, Rodrik explains how using the right models can deliver valuable new insights about social reality and public policy. Beyond the science, economics requires the craft to apply suitable models to the context.The 2008 collapse of Lehman Brothers challenged many economists' deepest assumptions about free markets. Rodrik reveals that economists' model toolkit is much richer than these free-market models. With pragmatic model selection, economists can develop successful antipoverty programs in Mexico, growth strategies in Africa, and intelligent remedies for domestic inequality.At once a forceful critique and defense of the discipline, Economics Rules charts a path toward a more humble but more effective science.
Prosperity for All
In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.
Other People’s Money
The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions. Why? What is finance for? John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees. In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all. The finance sector needs to be reminded of its primary purpose: to manage other people's money for the benefit of businesses and households. It is an aberration when the some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized trading in securities. To travel further down that road leads to ruin. A Financial Times Book of the Year, 2015An Economist Best Book of the Year, 2015A Bloomberg Best Book of the Year, 2015
The Productive Edge
Recently, significant new productivity gains have been reported in important industries, both old and new. What is it about such industries, and individual firms in those industries, that has enabled them to regain their productive edge? In this book, a leading authority on this crucial issue searches five recent success stories--in automobiles, steel, semiconductors, electric power generation, and cellular communication--for clues to shape a new national strategy for economic growth. Taken together, these reports from the front lines of American industry point to a new agenda for growth, tailored to the volatile, unpredictable conditions that will persist in the economy for the foreseeable future. At the heart of the agenda is a proposal for a "new economic citizenship"--a new view of the rights, responsibilities, and resources that should be accorded to those who will contribute their ideas and labor to the new century.
Business Cycles and National Income
This edition (1964) of Business Cycles and National Income includes the whole of the 1951 edition (Parts I-IV) in unaltered form and adds five new chapters (Part V). This new material presents a survey and analysis of the four recessions and recoveries which we have witnessed in the American economy in the periods 1948-1963.
Irrational Exuberance
Why the irrational exuberance of investors hasn't disappeared since the financial crisis In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize-winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008-9 financial crisis. With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, Irrational Exuberance is as relevant as ever. Previous editions covered the stock and housing markets--and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity--and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.
Fixing Economics
THE EXPANDED SECOND EDITION OF THE ACCLAIMED 'MONEY, BLOOD AND REVOLUTION' Economics is a broken science, living in a kind of Alice in Wonderland state believing in multiple inconsistent things at the same time. Prior to the financial crisis, mainstream economics argued simultaneously for small government on taxation, regulation and spending, but big government on monetary policy. After the financial crisis, economics is now arguing for more government spending and for less government spending. The premise of this book is that the internal inconsistencies between economic theories - the apparently unresolvable debates between leading economists and the incoherent policies of our governments - are symptomatic of economics being in a crisis. Specifically, in a scientific crisis. The good news is that, thanks to the work of scientist and philosopher Thomas Kuhn, we know what needs to be done to fix a scientific crisis. Moreover, there are two scientists in particular whose ideas could show how to do this for economics: Charles Darwin, the man who discovered evolution, and William Harvey, doctor to King Charles I and the first person to understand blood flow and the workings of the human heart. In Fixing Economics, bestselling financial writer George Cooper explains how the ideas of Darwin and Harvey could revolutionise economics, making it more scientific and understandable, and might even reveal the true origin of economic growth and inequality. Taking readers on a gripping tour of scientific revolution, social upheaval and the secrets of money and debt, this is an unmissable read for anyone curious to understand how the world really works - and the amazing future of economics.
35 Silent Business Killers
Will Your Business Become A Casualty? In business there are both winners and losers. According to Bloomberg, 8 out of 10 entrepreneurs who start business fail within the first 18 months. Why do a whopping 80% of them crash and burn? After 30 years of serving local business, Jane Moughon understands the challenges of business. In this easy-to-read, easy-to-understand book, she identifies issues that may be lurking in your business, which if ignored, can cripple or kill your business. Discover what they are so you can resolve them. This handbook is a must read for everyone who owns or works in a business. Don't allow your business to fall prey to these killers.
The Information Nexus
Capitalism is central to our understanding of contemporary economic and political life and yet what does it really mean? If, as has now been shown to be the case, capital and property rights existed in pre-modern and pre-capitalist societies, what is left of our understanding of capitalism? Steven G. Marks' provocative new book calls into question everything we thought we knew about capitalism, from the word's very origins and development to the drivers of Western economic growth. Ranging from the Middle Ages to the present, The Information Nexus reveals that the truly distinctive feature of capitalism is business's drive to acquire and analyze information, supported by governments that allow unfettered access to public data. This new interpretation of capitalism helps to explain the rise of the West, puts our current information age into historical perspective, and provides a benchmark for the comparative assessment of economic systems in today's globalized environment.
