Ecosystems as Models for Restoring Our Economies, 2nd Edition
Appeals to a broad range of people across ages, values and political beliefs, and will change the way we live our lives Integrating the fields of ecology and economics with practical business and conservation experience, this book delivers a clear path to restoring our economies to a sustainable state. The result is not a decline in our freedoms, values, and quality of life, but a means to sustaining them in a turbulent 21st century. Students, business owners, and consumers have read this book and attended John's seminars only to remark, "Why haven't we learned this in our traditional coursework?" or "This book brings so much clarity to the fields of sustainability and environmental sciences." Intuitively, many of us sense some universal relationships exist between Earth's ecological and economic systems. For Giordanengo, the most insightful relationships were not the ones he first imagined as a business and ecology student in the early 1990s. This book not only unveils critical new insights into ecology and economics, but integrates them with global case studies to make a bold case for redesigning our economies according to the immutable rules of nature. For example, viewing theories such as ecological succession through an economic lens, we discover the root causes of the wealth gap, while gaining clarity on the role of economic diversity in productivity growth and innovation gains. Timely, Giordanengo melds centuries of research with decades of business and ecological experience to reveal three simple components common to ecosystems and economies: diversity, energy, and trade. The proper management of these foundational components is perhaps the greatest obstacle to resolving tensions between society, nature, and the global market economy. The scale at which diversity, energy, and trade must be managed is not global, nor is it hyper local. The scale of a sustainable economy lies somewhere between these two extremes, the subject of part II. Part III of this book outlines a path for restoring our economies, guided by humanity's shared experiences in ecological restoration. The essential process of ecosystem recovery (i.e., succession) is one such pathway. Unwittingly, the United States and other developed nations manage economic succession in ways that lower their productivity growth and resistance to future disturbances, while concentrating wealth into fewer hands. With such knowledge in hand, however, nations can also move the succession dial toward the productive and diverse center, where wealth and resources are recirculated quickly, new business opportunities are created, wealth is naturally distributed, and resilience and resistance are fortified--a stout shield in the face of global economic turmoil. From regenerative agriculture to regional-scale manufacturing, and from endogenous energy systems to ecological conservation, practical business strategies and government policies are woven throughout this seminal book. Consumers will find sound evidence to support a sustainable future. Students will discover not just theoretical and systems knowledge, but applied economics, ecology, and conservation centered around actionable pathways. Business and industry leaders will find novel solutions that balance financial responsibilities with social and environmental well-being. One of nature's most primeval rules is that times of great turbulence favor the evolved model, not the model of the past.
Ecosystems as Models for Restoring Our Economies, 2nd Edition
Emerging from the fields of ecological restoration and economics, this interdisciplinary book delivers a clear path to restoring our economies in a way that speaks well to industry groups and business owners, students and the general public, and to policy makers. There are proven relationships between ecology and economics. Giordanengo employs those relationships in an intriguing way and integrates them with global case studies to argue that redesigning economic systems according to ecological principles is necessary to balancing critical social, environmental, and economic goals. For example, he reveals how more obscure ecological principles and theories--succession, evolution, diversity-productivity curves, and so on--can inform the restructuring of economic systems that are resilient, productive, and regenerative. A variety of students and practitioners have read the first edition, or attended John's seminars, only to remark "Why haven't we learned this in our traditional coursework?" or "This book brings so much clarity to the fields of sustainability and environmental sciences." Traditional approaches to sustainability focus on the social, environmental, and economic pillars of an economy, while paying little attention to the foundation those pillars rest upon. A comprehensive focus on our economy's foundational components has been ignored for good reason; we have lacked an understanding of what they are or how they interact with one another. Cross-cutting research between ecological and economic systems reveals three foundational components (i.e., drivers) common to both systems. The effective management of these components is perhaps the most important obstacle to resolving current tensions between society, nature and the global market economy. The scale at which diversity, energy and trade must be managed is also justified by self-regulating ecosystems such as jungles, prairies, and pine forests. That scale is not global, nor is it hyper local. The economic and ecological rationale agree that the scale of a sustainable economy--the natural geography of humans-- is regional. To the contrary, the attempt to manage our economy at a global scale has given rise to chronic social, environmental, and economic symptoms across earth. In highly developed countries such as the United States, these symptoms include flat real wages and productivity growth, a growing wealth gap, degraded environmental conditions, rising social unrest, and more. The closing chapters outline a natural path for restoring our economies, illuminated by humanities shared experience in ecological restoration. The process of ecosystem recovery following disturbance (i.e., succession) is one such pathway. Unwittingly, developed nations such as the United States mange succession to concentrate wealth into fewer hands, while lowering the economy's productive capacity, net productivity, and resistance to future disturbances. Economic policies can also move the succession dial toward the productive and diverse center, where wealth and resources are recirculated quickly, new business opportunities are created, and resilience and resistance are fortified--a stout shield in the face of global economic turmoil. For policymakers, consumers, and industry groups, this book explores root causes of the challenges you face, so that you may take deep correct actions to yield lasting change. Giordanengo provides critique, but goes further, with clear steps that individuals, businesses, communities, and policymakers can take to start restoring our economies now. From agricultural restoration to regional manufacturing and energy systems, he outlines practical strategies and policy mechanisms for building regenerative economies. Students will find not just theoretical and systems knowledge, but applied economics, ecology, and conservation centered around actionable pathways. Economic restoration is not only possible--it is our humanitarian duty.
Clintonomics
Clintonomics explores how Clinton's presidency marked the return of fiscal discipline and the end of big government.
Political Challenges of Economic Development in Rentier States
How Progress Ends
Shortlisted for the Financial Times and Schroders Business Book of the Year Award How 1,000 years of global history show why technological and economic progress is often followed by stagnation and even collapse In How Progress Ends, Carl Benedikt Frey challenges the conventional belief that economic and technological progress is inevitable. For most of human history, stagnation was the norm, and even today progress and prosperity in the world's largest, most advanced economies--the United States and China--have fallen short of expectations. To appreciate why we cannot depend on any AI-fueled great leap forward, Frey offers a remarkable and fascinating journey across the globe, spanning the past 1,000 years, to explain why some societies flourish and others fail in the wake of rapid technological change. By examining key historical moments--from the rise of the steam engine to the dawn of AI--Frey shows why technological shifts have shaped, and sometimes destabilized, entire civilizations. He explores why some leading technological powers of the past--such as Song China, the Dutch Republic, and Victorian Britain--ultimately lost their innovative edge, why some modern nations such as Japan had periods of rapid growth followed by stagnation, and why planned economies like the Soviet Union collapsed after brief surges of progress. Frey uncovers a recurring tension in history: while decentralization fosters the exploration of new technologies, bureaucracy is crucial for scaling them. When institutions fail to adapt to technological change, stagnation inevitably follows. Only by carefully balancing decentralization and bureaucracy can nations innovate and grow over the long term--findings that have worrying implications for the United States, Europe, China, and other economies today. Through a rich narrative that weaves together history, economics, and technology, How Progress Ends reveals that managing the future requires us to draw the right lessons from the past.
Legal and Political Foundations of Capitalism
"Institutions matter", is a common refrain amongst all economists - including many who have proposed progressive alternatives to free market fundamentalism. However, this sentiment does not go far enough.This book draws principally on the Original Institutional Economics and American Legal Realist traditions to propose a theory of legal institutionalism or institutional political economy. By arguing that society is a political community it challenges the private law versus public law or state versus markets distinction. Focusing on property, money and credit, constitutional law, and corporations the book argues that laissez faire has never existed and that "state intervention versus de-regulation" or "market failures versus free markets" are false dichotomies. The book proposes the need to engage with legal-economic theory and history to understand what institutions are, what economic regulation means, law's intrinsic connection to the economy, and the distribution of power relations within capitalism.This book will be of interest to readers of economics, law, public policy, international and development studies, and all those seeking to explore progressive alternatives in this period of multiple crises.
Measuring and Accounting for Environmental Public Goods
Provides strategies and approaches for integrating natural capital into environmental statistics. While the importance of natural resources and the contributions of the environment to welfare are apparent, traditional national income and wealth accounting practices do not measure or value environmental public goods. This volume examines the conceptual and empirical basis for integrating natural capital--forests, oceans, and air--into the economic and environmental statistics that inform public policy. It offers innovative approaches to valuing nonmarket environmental goods and services, including strategies for capturing heterogeneity in measurement across types of capital, geography, and individuals. The chapters focus on measuring productivity with adjustments for pollution damage, developing a microdata infrastructure to advance our understanding of the distribution of environmental amenities and hazards, and estimating long-run sustainable development indicators. Case studies consider coastal assets, forests, and marine ecosystems, and develop strategies for implementing specific environmental-economic accounts such as environmental activity accounts and natural capital accounts for forests and the marine economy. As national income accounting standards are updated to incorporate expanded guidance on issues related to natural capital, this timely book will help inform decisions on the measurement and treatment of climate, air, water, and other public goods.
Multi-Regional Input-Output Analysis of the Japanese Economy
South Asian Economic Development in the Era of Global Turbulence
South Asia's developing nations have been enjoying moderate to high growth over the past decade before the global pandemic of 2020 began. This new edition provides an up-to-date guide to the growing markets in South Asia in the post-COVID-19 period. It offers an analysis of the changes and consequences of high sustainable growth, investigating what has been achieved in the region over the last 2001-2023 from a macroeconomic viewpoint, identifying new challenges to 2030, and the end of the UNSDGs period.Part I of the textbook presents an analysis of how South Asia is rated against Southeast and East Asia in recent decades in economic and social terms.Part II focuses on South Asia's economic development over 2000 and the bearly 2020s. It demonstrates that globalization enhanced global trade and that trade further increased the region's prosperity up to 2020.Part III identifies major governance issues that were responsible for South Asia's social and economic underperformance due to the COVID-19 pandemic. This new edition includes a new chapter about AI and South Asia in the future. The textbook advocates for a shift in focus from policy reform per se to the more challenging task of implementing institutional reform that will invigorate the capability of the political leadership to bring about rapid, sustained and poverty-reducing growth in South Asia in post-Covid era. The book also considers climate change and the environment, and it analyses the impact of these changes and developments on the economic health and social conditions in South Asia. The concluding chapter demonstrates current political unrest in three South Asian nations, Sri Lanka, Pakistan, and Bangladesh, termed the South Asian Spring.Offering an analysis of the changes and consequences of high sustainable growth in South Asia, this textbook will be useful for students and researchers in Development Economics, Business Economics, Development Studies, and Asian Studies.
Reclaiming Economic Sovereignty in Africa
This book has approached the question of natural resources in Africa from a different perspective. It makes the argument that natural resources in Africa can be utilised to reclaim its economic sovereignty which is central to the economic development and industrialisation of the continent. In making this argument, the book acknowledges that African countries have political control (de jure sovereignty) over natural resources in their respective territories, but most of them have little control over what happens to these resources (de facto sovereignty) once an extractive licence is issued. This is evident in the fact that the bulk of primary commodities in Africa are shipped out of the continent in raw or semi-processed form, with most African states having no say over what happens to these natural resources once they are extracted. This is mainly because most countries have low productive capabilities to transform the abundant natural resources into final consumer and capital goods. As a consequence of low productive capabilities, most African countries have no option (no margin of discretion or autonomy) but to sell their primary commodities in raw or semi-processed form, leading to the now famous situation of 'commodity trap'. The lack of freedom (autonomy) to choose what happens to natural resources extracted from the continent is an indication of the weak economic sovereignty. Although the primary commodity companies that operate across the continent obtain licences and pay royalties and other taxes levied for extracting natural resources, African states have no say after primary commodities are extracted partly because the bulk of primary resources extracted leave the continent and get processed into final and intermediate goods elsewhere. As long as the processes of adding value to primary commodities take place outside of the continent, African countries have no control and role to play in the process of adding value. This is the main cause of weak economic sovereignty because the most powerful process (transforming natural resources into final and intermediate goods and services) occurs outside, beyond the continent's reach. As the book illustrates, it is the capacity to transform primary resources into goods and services needed in society that strengthens a country's economic sovereignty and ultimately strengthens its political sovereignty and influence. Drawing from a natural resource-based industrialisation perspective, the book offers suggestions on how African countries can use their rich natural resources to strengthen their economic sovereignty, arguing that natural resources constitute the foundation for building sustainable and inclusive economies on the continent. The book argues that the key to strengthening economic sovereignty (which includes financial and monetary sovereignty) is building strong and diversified productive capabilities, because this enables a country to enlarge its economic options and alternatives, which in turn increases its economic sovereignty. Building of regional value chains (RVCs) capitalising on the African Continental Free Trade Agreement offers a new opportunity for the continent to strengthen its economic sovereignty by building diverse productive capabilities.
Anatomy of Development
This multidisciplinary book details the fundamentals of development studies with a mix of economic, social, political, cultural, and administrative premises of development, while analysing its theoretical and practical dimensions. It also provides insight into the role of the stakeholders of development in different sectors.
Fairs, Cities and Merchants
Today, it has largely been forgotten that fairs played a decisive role in trade and finance in pre-modern Europe. In the Middle Ages and Early Modern period, many cities endeavoured to obtain a fair privilege and attract as many merchants as possible. Through the economic activities and infrastructures provided, a supra-regional spatial configuration gradually emerged, which was not only made up of places within a region, but across the whole of Europe and in some cases the wider world. The contributions in this volume are based on a project jointly funded by the French Agence Nationale de la Recherche and the German Research Foundation, which focussed mainly on fairs and cities in France, the Holy Roman Empire and Italy. In chronological terms, they cover the period from the end of the Champagne fairs (ca. 1320) to the success of the Besan癟on fairs (ca. 1580 to 1630), which epitomised a new type of fair. The geographical focus has been extended to include fairs and trade routes in Eastern Europe and China (temple fairs). This overall view makes it possible for the first time to analyse the functions of the various market forms in their regional context and in their development: from the exchange of goods to the credit market and financing government debt, but also the deep integration of the merchant culture into urban and religious culture. Based on archival studies and the integration of artefacts, new graphs and maps, this volume provides a new look at the history of annual markets and fairs. In addition to functional aspects, spatiotemporal aspects such as disputes over fair dates, visiting rhythms, the transport of goods and routes (by land and water) are dealt with. Credit activities, transport of goods, and mobility of merchants, trading families and companies point to the highly developed transnational dimension of pre-modern trade. The volume concludes with a presentation of the project database, its functionalities and opportunities to participate.
The Rise and Fall of the Privatized Pension System in Chile
Money, Interest and Debt in Monotheistic Religions
This book offers a chronological account of the development of interest-bearing debt and how the issue of interest has been addressed throughout medieval and modern civilizations. It provides a review of the impact of these interest-bearing debt practices upon social relations and institutions.
The Financial Foundations of Production and Uncertainty
Rejecting much of mainstream economic theory for being too passive, this book argues that the innovative and unpredictable nature of economic phenomena is better understood with analytical devices.
In Pursuit of the Sustainable Development Goals
Until 2014, rural women in India had limited involvement in the country's economic growth. Prime Minister Narendra Modi's administration has worked to change that by making a notable shift towards female empowerment and equitable growth through initiatives like Atmanirbhar Bharat and Viksit Bharat 2047. This timely study showcases PM Modi's efforts in transforming rural development by empowering women through self-help groups, resulting in the exponential growth of female entrepreneurs. In Pursuit of the Sustainable Development Goals uses first hand interviews and real-world case studies to delve into how initiatives like self-help groups and community lending have empowered women and contributed to achieving the United Nations Sustainable Development Goals of poverty reduction (Goal 1) and women's empowerment (Goal 5). Additionally, the work uses case studies of women entrepreneurs from Rajasthan, Jammu and Kashmir, and Gujarat, to highlight their success in international markets through traditional crafts like Bandani, Pashmina, and Kannuj perfume. Key to this investigation is the importance of leadership, marketing strategies, and geographic indicators in transforming handicraft sectors and enhancing sustainability. Further, this work examines why women excel as risk managers within community lending groups, analysing leadership traits and the impact of gender-inclusive policies on achieving the Sustainable Development Goals. Highlighting the strategic management of community groups through success stories and real-life accounts communicated through first hand interviews, this work is essential reading for academic scholars, students and policymakers working in the areas of strategy and public policy as well as microfinance and development studies.
Principles of Behavioral Economics
Principles of Behavioral Economics, written by an acknowledged leader in the field, provides a comprehensive introduction to one of the most exciting areas of modern economics. It demonstrates how models of economic theory can be enriched by using interdisciplinary insights from psychology, sociology, evolutionary biology, and neuroscience to build the basis for a more empirically supported set of economic principles. Unique in its level of rigor and lucidity, the book highlights the important link between theoretical and empirical economics by demonstrating the usefulness of a range of data sources such as observational data, lab data, survey data, and neuroeconomic data. This field-defining textbook argues that behavioral economics is not just a supplement to mainstream economics. Taking behavioral economics seriously requires a total rethink, and eventual transformation, of every area of economics.
The Future of Multilateralism and Globalization in the Age of the U.S.-China Rivalry
This book investigates how a new modus vivendi between China and the United States in a post-globalized world requires more economic independence because of the distrust between G20 economies but heightened international cooperation, in order to avert a shift to nationalism and protectionism and to fight financial and climate crises.
The Economics of Estuary Restoration in South Africa
This book examines the economic costs and benefits of the ecological restoration of estuaries, utilising case studies from South Africa.
Economics, Religion and Happiness
This book takes the view that happiness is not always within our control but, instead, prey to the attitudes and actions of others. Following Jean-Paul Sartre's aphorism, "hell is other people", the broad theme of this book is that "unhappiness is other people".
The Multilateralism of the New Development Bank on the Sustainable Economic Growth in Brics Nations and Beyond
A Journey Through Economics
Anyone who does not know the history of economics cannot think competently about the future of economics. This book offers an introduction to economic history for those looking for more than just dry theory. The author takes you on a journey through the economy, from its beginnings in the Stone Age to the digitalization of modern times. In addition to the nature and fundamental principles of economics, the book also introduces great thinkers such as Aquinas, Keynes, and Erhard. While ancient philosophers like Plato and Aristotle focused mainly on the ethical dimension of economics, the first modern economist and moral philosopher, Adam Smith, for example, pondered how nations could achieve prosperity. Today, however--in an era where capitalism is increasingly under scrutiny--the question is how prosperity can reach everyone, especially in times of digitalization. Therefore, the book not only addresses economic concepts of the past and present but also offers an intriguing look into the future. Issues of social justice are discussed alongside topics such as digitalization, globalization, and ecology. The second edition has been updated to include a chapter on "Economics in Uncertain Times," which deals, among other things, with the economic consequences of the COVID-19 pandemic and the war in Ukraine.
Dynamic Econometrics
This textbook for advanced econometrics students introduces key concepts of dynamic non-stationary modelling. It discusses all the classic topics in time series analysis and linear models containing multiple equations, as well as covering panel data models, and non-linear models of qualitative variables. The book offers a general introduction to dynamic econometrics and covers topics including non-stationary stochastic processes, unit root tests, Monte Carlo simulations, heteroskedasticity, autocorrelation, cointegration and error correction mechanism, models specification, and vector autoregressions. Going beyond advanced dynamic analysis, the book also meticulously analyses the classical linear regression model (CLRM) and introduces students to estimation and testing methods for the more advanced auto-regressive distributed lag (ARDL) model. The book incorporates worked examples, algebraic explanations and learning exercises throughout. It will be a valuable resource for graduate and postgraduate students in econometrics and quantitative finance as well as academic researchers in this area.
1929
#1 NEW YORK TIMES BESTSELLER "It is one of the best narrative histories I've read."--The Wall Street Journal A New York Times Notable Book of 2025 - One of Barack Obama's Favorite Books of 2025 - Named a BEST BOOK OF 2025 by The Washington Post, TIME, The Economist, Air Mail, Bloomberg, Fast Company, Katie Couric Media, and History From the bestselling author of Too Big to Fail, "the definitive history of the 2008 banking crisis," (The Atlantic) comes a riveting narrative of the most infamous stock market crash in history--one with ripple effects that still shape our society today. In 1929, the world watched in shock as the unstoppable Wall Street bull market went into a freefall, wiping out fortunes and igniting a depression that would reshape a generation. But behind the flashing ticker tapes and panicked traders, another drama unfolded--one of visionaries and fraudsters, titans and dreamers, euphoria and ruin. With unparalleled access to historical records and newly uncovered documents, New York Times bestselling author Andrew Ross Sorkin takes readers inside the chaos of the crash, behind the scenes of a raging battle between Wall Street and Washington and the larger-than-life characters whose ambition and na簿vet矇 in an endless boom led to disaster. The dizzying highs and brutal lows of this era eerily mirror today's world--where markets soar, political tensions mount, and the fight over financial influence plays out once again. This is not just a story about money. 1929 is a tale of power, psychology, and the seductive illusion that this time is different. It's about disregarded alarm bells, financiers who fell from grace, and skeptics who saw the crash coming--only to be dismissed until it was too late. Hailed as a landmark book, Too Big to Fail reimagined how financial crises are told. Now, with 1929, Sorkin delivers an immersive, electrifying account of the most pivotal market collapse of all time--with lessons that remain as urgent as ever. More than just a history, 1929 is a crucial blueprint for understanding the cycles of speculation, the forces that drive financial upheaval, and the warning signs we ignore at our peril.
1929
#1 NEW YORK TIMES BESTSELLER "It is one of the best narrative histories I've read."--The Wall Street Journal A New York Times Notable Book of 2025 - One of Barack Obama's Favorite Books of 2025 - Named a BEST BOOK OF 2025 by The Washington Post, TIME, The Economist, Air Mail, Bloomberg, Fast Company, Katie Couric Media, and History From the bestselling author of Too Big to Fail, "the definitive history of the 2008 banking crisis," (The Atlantic) comes a riveting narrative of the most infamous stock market crash in history--one with ripple effects that still shape our society today. In 1929, the world watched in shock as the unstoppable Wall Street bull market went into a freefall, wiping out fortunes and igniting a depression that would reshape a generation. But behind the flashing ticker tapes and panicked traders, another drama unfolded--one of visionaries and fraudsters, titans and dreamers, euphoria and ruin. With unparalleled access to historical records and newly uncovered documents, New York Times bestselling author Andrew Ross Sorkin takes readers inside the chaos of the crash, behind the scenes of a raging battle between Wall Street and Washington and the larger-than-life characters whose ambition and na簿vet矇 in an endless boom led to disaster. The dizzying highs and brutal lows of this era eerily mirror today's world--where markets soar, political tensions mount, and the fight over financial influence plays out once again. This is not just a story about money. 1929 is a tale of power, psychology, and the seductive illusion that this time is different. It's about disregarded alarm bells, financiers who fell from grace, and skeptics who saw the crash coming--only to be dismissed until it was too late. Hailed as a landmark book, Too Big to Fail reimagined how financial crises are told. Now, with 1929, Sorkin delivers an immersive, electrifying account of the most pivotal market collapse of all time--with lessons that remain as urgent as ever. More than just a history, 1929 is a crucial blueprint for understanding the cycles of speculation, the forces that drive financial upheaval, and the warning signs we ignore at our peril.
The Rise of Indigenous Economic Power
Indigenomics in action--moving beyond Indian Act economics towards Indigenous economic sovereignty In this groundbreaking new work, Carol Anne Hilton, author of the bestselling Indigenomics, explores the phenomenon of growing Indigenous economic power and sovereignty, achieved despite monumental historic injustices. The Indigenous economy in Canada is on track to exceed $100 billion. Yet full Indigenous participation at the economic table is still fundamentally lacking, due in large part to the inherently colonial and racist policies of the Indian Act. Hilton deconstructs these systemic barriers and maps an ethical way forward based on radical inclusion and Indigenomics in action. Coverage includes: The far-reaching social and moral consequences of Indian Act economics--a tool used to legislate away Indigenous rights and jurisdiction with the express purpose of erasing First Nations The true cost of maintaining the status quo, from perpetuating inequality and cycles of Indigenous poverty, to lost opportunities for value-creation in Indigenous and settler economies Twenty-five transformative trends driving Indigenous economic growth. Required reading for Indigenous organizations, Nations, and allies; business leaders and investors; lawyers and policymakers; governments at all levels; and everyone interested in reconciliation, decolonization, and building a just, prosperous, and inclusive society.
Entropy Economics
Economists dream of equilibrium. It's time to wake up. In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds. Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes--an unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chen's theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography. Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder.
Creativity 360 Degrees
Globally recognised and endorsed by EU policies, creative industries play a pivotal role in fostering cultural diversity, social cohesion, and technological innovation. Further, they play a key role in national and regional economies. Despite this, Southeastern Europe falls behind the rest of Europe in implementing sustainable policies and establishing supportive ecosystems for creative industries. Nevertheless, the region boasts distinctive strengths and opportunities. Creativity 360 Degrees offers a comprehensive examination of the creative industries sector in Southeast Europe, spanning countries such as Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, Kosovo, Montenegro, North Macedonia, Romania, Serbia, and Slovenia. Through insightful contributions, chapters delve into the way creative industries drive entrepreneurship, attract investment, and stimulate local economies. Authors explore the creative industries' connection to urban development, gentrification, and renewal, while also addressing their cultural impact on shaping identities and values through the production, consumption, and dissemination of various cultural products. This work investigates the integration of creative industries with technology and digital media, alongside education and workforce development. Delivering comprehensive insights into the multifaceted impacts of creative industries on culture, society, and the economy, this work is relevant for scholars and researchers in fields such as cultural studies, urban development, economics, sociology, and public policy.
The Chile Project
How Chile became home to the world's most radical free-market experiment--and what its downfall suggests about the fate of neoliberalism around the globe In The Chile Project, Sebastian Edwards tells the remarkable story of how the neoliberal economic model--installed in Chile during the Pinochet dictatorship and deepened during three decades of left-of-center governments--came to an end in 2021, when Gabriel Boric, a young former student activist, was elected president, vowing that "If Chile was the cradle of neoliberalism, it will also be its grave." More than a story about one Latin American country, The Chile Project is a behind-the-scenes history of the spread and consequences of the free-market thinking that dominated economic policymaking around the world in the second half of the twentieth century--but is now on the retreat. In 1955, the U.S. State Department launched the "Chile Project" to train Chilean economists at the University of Chicago, home of the libertarian Milton Friedman. After General Augusto Pinochet overthrew socialist president Salvador Allende in 1973, Chile's "Chicago Boys" implemented the purest neoliberal model in the world for the next seventeen years, undertaking a sweeping package of privatization and deregulation, creating a modern capitalist economy, and sparking talk of a "Chilean miracle." But under the veneer of success, a profound dissatisfaction with the vast inequalities caused by neoliberalism was growing. In 2019, protests erupted throughout the country, and in 2022 Boric began his presidency with a clear mandate: to end neoliberalismo. In telling the fascinating story of the Chicago Boys and Chile's free-market revolution, The Chile Project provides an important new perspective on the history of neoliberalism and its global decline today.
Financial Econometrics
Financial Econometrics is a contribution to modern financial econometrics, overviewing both theory and application. It covers, in detail, three important topics in the field that have recently drawn the attention of the academic community and practitioners, with low-frequency data (trend determination, bubble detection, and factor-augmented regressions) and examines various topics in high-frequency financial econometrics with continuous time models and discretized data. Also included are the estimation of stochastic volatility models, posterior-based hypothesis testing, and posterior-based model selection. Exploring topics at the forefront of research in the field of financial econometrics, this book offers an accessible introduction to the research and provides the groundwork for the development of new econometric techniques.
