The Global Minotaur
'The emerging rock-star of Europe's anti-austerity uprising.'Daily Telegraph 'A spirited book.'New Yorker In this remarkable and provocative book, Yanis Varoufakis, former finance minister of Greece, explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of both the Eurozone crisis and the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a Global Minotaur was born. Today's deepening crisis in Europe is just one of the inevitable symptoms of the weakening Minotaur; of a global system which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis reveals how we might reintroduce a modicum of reason into what has become a perniciously irrational economic order. An essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.
Finance for Sustainable Development in Africa
This book provides a one-stop-shop for understanding the history and evolution of the financial sector in Africa from financial repression to financial liberalisation, and its role in sustainable development and poverty alleviation.
The Meaning of Shared Value
This book develops a meta-critical examination of the hidden presuppositions of both supporters and critics of Creating Shared Value, particular in relation to the concept of value.
The Economic Government of the World
Foreign Affairs Best Books of the Year (2023) An epic history of the people and institutions that have built the global economy since the Great Depression. In this vivid landmark history, the distinguished economic historian Martin Daunton pulls back the curtain on the institutions and individuals who have created and managed the global economy over the last ninety years, revealing how and why one economic order breaks down and another is built. During the Great Depression, trade and currency warfare led to the rise of economic nationalism--a retreat from globalization that culminated in war. From World War II came a new, liberal economic order. Squarely reflecting the interests of the West in the Cold War, liberalism faced collapse in the 1970s and was succeeded by neoliberalism, financialization, and hyper-globalization. Now, as leading nations are tackling the fallout from Covid-19 and threats of inflation, food insecurity, and climate change, Daunton calls for a return to a more just and equitable form of globalization. Western imperial powers have overwhelmingly determined the structures of world economic government, often advancing their own self-interests and leading to ruinous resource extraction, debt, poverty, and political and social instability in the Global South. He argues that while our current economic system is built upon the politics of and between the world's biggest economies, a future of global recovery--and the reduction of economic inequality--requires the development of multilateral institutions. Dramatic and revelatory, The Economic Government of the World offers a powerful analysis of the origins of our current global crises and a path toward a fairer international order.
European Regional Policy and Development
This book addresses regional development theories and policies, with a special focus on forgotten places, and raises emerging questions about recent theoretical advances, as well as trends and challenges in the field.
Economic Growth and Environmental Quality in a Post-Pandemic World
In response to the damage caused by a growth-led global economy, researchers across the world started investigating the association between environmental pollution and its possible determinants. Most famously, the Environmental Kuznets Curve hypothesises. This book explores the latest literature on the Environmental Kuznets Curve.
Sustainable Finance and the Global Health Crisis
The speed with which the various economies recover from the Covid-19 pandemic will significantly determine the economic pressure placed on the environment in the medium-to-long-term. Furthermore, the pandemic has highlighted the strong interrelations between natural and societal systems, with societal resilience depending on a resilient environmental support system. In this context, the book argues that the pandemic represents a wake-up call for financial systems to be better prepared for the climate crisis and social risk, and has provided a stimulus to scale down the reliance of the global economy on fossil fuels. The first part of the book provides a deep and creative discussion between leading international researchers and experts on the policy options and financial instruments which can help to catalyze the green finance transition in the post-Covid-19 era. The contributions show that sustainable finance is emerging as a powerful tool to advance the transition towards a more environmentally and socially sustainable economic model. Instruments such as sovereign green bonds, green securities, and other sustainability-related securities can play a significant role in the post-Covid-19 world to fund economic stimulus and to lead the way to new and more sustainable future. The second part of the book supports the debate by highlighting a number of selected case studies on financing transitions in different regional contexts including Africa, Asia, Europe, and Latin America. The book marks a significant contribution to the literature on environmental economics and finance, climate change, and sustainability transitions.Chapter 12 of this book is freely available as a downloadable Open Access PDF at http: //www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
COVID-19 and Economic Development in Latin America
The impact of the Covid pandemic on the global economy has served to reinforce the fact that the world is hierarchically organized and the distribution of power between countries is distinctly asymmetric. This book explores the impacts of the pandemic, including unequal access to vaccines and recovery finance, on economies in the region.
The Political Economy of Extractivism
For many countries, primarily in the Global South, extractivism - the exploiting and exporting of natural resources - is big business. For those exporting countries, natural resource rents create hope and promise for development which can be a seductive force. This book explores extractivism in economies around the world.
The Scottish Economy and Nationalism
Using Scotland as a case study for examining the political meaning of "the economy", this book considers the origins of efforts to measure the Scottish economy in the British nationalist terms of "regional policy".
New Economic Statecraft
This book provides insights on the art of governing a state and managing its external relations from a wealth-power logic. It looks at "economic statecraft" which consists of wealth production, wealth mobilization and wealth-power conversion by a state.
State, Market and Society in an Emerging Economy
The economic and social development that Bangladesh has achieved in the last two decades has made Bangladesh a 'Development Paradox". This book explain this paradox through political economy lens.
Human Economics
The term human economics is sometimes used within economic theory with the hope of repositioning economic discipline as a human and social science, but with scarce success. This book explores the potentials of a human economics arguing that the complexity and peculiarities of human nature should be central to the study of economics.
The Sustainability and Development of Ancient Economies
Drawing on modern economic theory, this book provides new insights into the economic development of ancient economies and the sustainability of their development. The book pays particular attention to the economics of hunting and gathering societies and their diversity.
Shaping Nations and Markets
Shaping Nations and Markets employs a mixed methods approach to contend that economic ideas, organization of domestic interests and their economic power, asymmetries of information, and political institutions do not sufficiently explain the formation of national interests in processes of trade liberalization.
Democracy in Power
Private money, public good, and the original fight for control of America's energy industry. Until the 1930s, financial interests dominated electrical power in the United States. That changed with President Franklin D. Roosevelt's New Deal which restructured the industry. The government expanded public ownership, famously through the Tennessee Valley Authority, and promoted a new kind of utility: the rural electric cooperative that brought light and power to millions in the countryside. Since then, public and cooperative utilities have persisted as an alternative to shareholder control. Democracy in Power traces the rise of publicly governed utilities in the twentieth-century electrification of America. Sandeep Vaheesan shows that the path to accountability in America's power sector was beset by bureaucratic challenges and fierce private resistance. Through a detailed and critical examination of this evolution, Vaheesan offers a blueprint for a publicly led and managed path to decarbonization. Democracy in Power is at once an essential history, a deeply relevant accounting of successes and failures, and a guide on how to avoid repeating past mistakes.
New Global Dynamics
The world is facing a conflux of powerful forces of change. The global economy, and political economy, are experiencing profound shifts as institutions and policies at both the national and international levels confront new challenges. In this book, leading experts explore the implications of these challenges.
Busting the Bankers' Club
An eye-opening account of the failures of our financial system, the sources of its staying power, and the path to meaningful economic reform. Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system--and the struggle to create an alternative. Drawing from decades of research on the history, economics, and politics of banking, economist Gerald Epstein shows that any meaningful reform will require breaking up this club of politicians, economists, lawyers, and CEOs who sustain the status quo. Thankfully, there are thousands of activists, experts, and public officials who are working to do just that. Clear-eyed and hopeful, Busting the Bankers' Club centers the individuals and groups fighting for a financial system that will better serve the needs of the marginalized and support important transitions to a greener, fairer economy.
New Global Dynamics
The world is facing a conflux of powerful forces of change. The global economy, and political economy, are experiencing profound shifts as institutions and policies at both the national and international levels confront new challenges. In this book, leading experts explore the implications of these challenges.
Regional Economic Integration in East Asia
This interdisciplinary book analyses the regional economic integration and its institutionalisation that has been pursued in East Asia since the late 1990s and its far-reaching impact for the entire region and beyond.
The Political Economy of Corruption
Corruption, commonly defined as the misuse of public office for private gains, is multifaceted, multidimensional, and ubiquitous. This edited collection goes beyond the standard enforcement framework, and explores the political-cultural contexts, legal and regulatory process to understand and explain corruption.
Routledge Handbook of Macroeconomic Methodology
This book is a presentation of the study of the methods by which macroeconomics is researched, taught and communicated, and why specific theories, research strategies and teaching are preferred. A range of experts provide analysis of the concepts, ideas and principles to give a better understanding of the macroeconomics behind policies.
A Primer for Spatial Econometrics
This textbook offers a practical and engaging introduction to spatial econometric modelling, detailing the key models, methodologies and tools required to successfully apply a spatial approach. The second edition contains new methodological developments, new references and new software routines in R that have emerged since the first edition published in 2014. It also extends practical applications with the use of the software STATA and of the programming language Python. The first software is used increasingly by many economists, applied econometricians and social scientists while the software Python is becoming the elective choice in many scientific applications. With new statistical appendices in R, STATA and Python, as well as worked examples, learning questions, exercises and technical definitions, this is a significantly expanded second edition that will be a valuable resource for advanced students of econometrics.
Economic Development in Modern China Since 1949
As the second volume of a two-volume set on the Chinese economic history, this book investigates the economic development of China since 1949, uncovering the momentum, unique models, and general laws of economy in China.
Crime Economics
Presenting an original institutional approach, this book makes the case for an empirically-based crime economics that aims to guide the fight against crime within a logic of reasonable capitalism and the common good.
Fdr's Long New Deal
During his presidency, FDR led the American public to believe that the US government could set policy that would transform the economy. This book argues that this assumption, which ultimately became embedded into the general American psyche, has impacted our economy today in more ways than one. Robert E. Wright breaks down the negative societal impact of the New Deal throughout this book. The chapters highlight the lasting influence of these policies, providing new perspectives and never-before-seen archival research related to FDR's policies. The book provides insight into how assumptions of governmental intervention in the economy have shifted the direction of the economy over time. It also dives into socioeconomic topics related to social justice, critiquing the New Deal in its original and historical contexts. Wright brings a long-term public-choice perspective to the New Deal, providing interdisciplinary insights into socioeconomic topics such as gender, race, and climate. The resulting book is ideal for those interested in economics, American history, law, and policy.
China's Revolution and the Quest for a Socialist Future
Between the end of the Opium War in the 1842 and the establishment of the People's Republic in 1949 China, long the most prosperous and sophisticated country in the world, was subjected to the military, economic, and political domination of Western imperialism. The old dynastic system was overthrown in 1911, and in 1921 the Communist Party was formed, which led the revolutionary struggle over the next three decades. Since the founding of the PRC China has pursued its distinctive path of socialist construction, a challenging and often contentious process which is still unfolding today. This volume traces the crisis of Old China and the course of the revolutionary struggle up to 1949, and follows the development of New China through the era of Mao Zedong's leadership, the launching of reform under Deng Xiaoping, and the beginning of a new era under the leadership of Xi Jinping. China's use of market mechanisms to develop the productive economy has generated contradictions as well as dramatic growth, and China has achieved great things in education, health care, and the provision of other social services. But the process of socialist construction remains an unfinished and ongoing venture, and the future of the revolution is very much a work in progress.
Political Leadership and Agricultural Transformation
This open access book examines the impact of political leadership on agricultural transformation to understand why cases of successful agricultural transformation are so rare in the developing world. It highlights the importance of leadership and its interaction with the socio-political system as a key factor impacting agricultural transformation. The book takes a first step in systematically exploring commonalities in the role played by the political leadership in successful and less successful agricultural transformations, drawing from an analysis of Taiwan, Ethiopia, the Philippines, and Malawi. This book provides a deeper understanding of leadership dynamics, facilitating the work of unlocking new pathways to, and generating new policy options for, sustainable and impactful agricultural change. It will be relevant to students, researchers, and policymakers interested in agricultural economics, the political economy, and development economics.
The Economics of Singularities of Science Elucidated with Buddhist Thoughts
This book analyses the unprecedented economic and social challenges to human civilization from the perspective of Buddhist philosophy. It reviews singularities in a broad range of scientific experiments, including the theory of relativity, quantum physics, artificial intelligence, mRNA virology, stem cell biology, and neuroscience to evaluate catastrophic risks posed to the present global economic and environmental order. Through placing these discussions within the context of Buddhist philosophy, an alternative to traditional economic and science ideas is presented. The power of technological progress and associate risks is highlighted as a way of looking into and creating a more sustainable future. This book provides a fresh interpretation of fat-tail economics that draws ideas from the basic sciences. The book will be of much value to students and researchers who are keen to environmental economics, planetwide catastrophes, and Buddhist philosophy.
THE PHILLIPS CURVE TRADEOFF BETWEEN UNEMPLOYMENT and INFLATION in CANADA
History tends to repeat itself. In economics, past policy often works to help with current Inflationary and Unemployment problems. At the least, economic policy can show what not to do as well as what has worked in the past. This paper deals with the 1990's effect of Inflation and Unemployment in Canada and serves as a template for Western central banks to use for the future. Perhaps nothing frustrates economists and politicians more than the never-ending fight to control unemployment and inflation. The simple reason being that the general populace understands the implications of these two areas better than any other area of economic theory. Because it gets them right where it hurts - in the pocket! Governments have fallen in many a country because of uncontrollable inflationary pressures coupled with a high unemployment rate.
Managing Growth in Miniature
Managing Growth in Miniature explores the history of the way economists think about growth. It focuses on the period between the 1930s and 1960s, tracing the development of the famed 'Solow growth model, ' one of the central mathematical models in postwar economics. It argues that models are not simply 'efficient tools' providing answers to the problems of economic theory and governance. The Solow model's various uses and interpretations related not only to the ways it made things (in)visible, excluded questions, and suggested actions. Its 'success' and effects ultimately also pertained to its fundamental ambiguities. Attending to the concrete sides of economic abstractions, this book provides a richly layered and accessible account of the forms of knowledge that shaped the predominant notion of 'economic growth' and ideas of how to govern it.
The Phillips Curve Tradeoff Between Unemployment and Inflation in Canada
History tends to repeat itself. In economics, past policy often works to help with current Inflationary and Unemployment problems. At the least, economic policy can show what not to do as well as what has worked in the past. This paper deals with the 1990's effect of Inflation and Unemployment in Canada and serves as a template for Western central banks to use for the future. Perhaps nothing frustrates economists and politicians more than the never-ending fight to control unemployment and inflation. The simple reason being that the general populace understands the implications of these two areas better than any other area of economic theory. Because it gets them right where it hurts - in the pocket! Governments have fallen in many a country because of uncontrollable inflationary pressures coupled with a high unemployment rate.
Organizational Storytelling
If you are the leader who tells organizational stories, people will start looking at you oddly. You want them to because you have achieved a tiny victory. You are fending off staleness by being the storyteller who reaches out and grabs the audience into the story instantaneously - rather than so many other leaders who only give their audience a case of the blahs. Be the person who leads in a zany, laughter-filled environment where politics is as absent as it can be in a human (i.e., imperfect) enterprise. Strip off your blinders as the crazy past is soon going to look like a mellow prelude - and create the organization that is exciting, creative, innovative, and a hoot. Just maybe the organizational fun line and the bottom line can intersect.
Economics
Most people who study economics are introduced to a model which understands economic activity as based upon the constant desire of the "economic man" to maximize his welfare. As a result it is held that economic behavior can be reduced to a series of graphs in which supply and demand are brought into harmony. The economy is seen as akin to a gigantic machine. In this book Thomas Storck challenges this economic model in two ways. He points out that this understanding of economics fails to recognize the complexities of human behavior, and moreover insists that economic activity has a moral dimension based on the inherent purpose of the economy as something which is meant to serve society, not dominate it. Storck contrasts his approach with that of the late Nobel Prize winner in Economics, Paul Samuelson, and by means of frequent quotations from Samuelson the book becomes a lively dialogue between two fundamentally different approaches to understanding economics.
Economics
Most people who study economics are introduced to a model which understands economic activity as based upon the constant desire of the "economic man" to maximize his welfare. As a result it is held that economic behavior can be reduced to a series of graphs in which supply and demand are brought into harmony. The economy is seen as akin to a gigantic machine. In this book Thomas Storck challenges this economic model in two ways. He points out that this understanding of economics fails to recognize the complexities of human behavior, and moreover insists that economic activity has a moral dimension based on the inherent purpose of the economy as something which is meant to serve society, not dominate it. Storck contrasts his approach with that of the late Nobel Prize winner in Economics, Paul Samuelson, and by means of frequent quotations from Samuelson the book becomes a lively dialogue between two fundamentally different approaches to understanding economics.
Business of the State
As the world moves towards decarbonization and the race for clean energy technologies accelerates, states in the global south are increasingly called upon to supply critical minerals to fuel the transition. Business of the State details how mineral states might design effective growth strategies in this context of strategic competition and climate emergency, via the rise of a hybrid developmental strategy during 1990s and 2010s- the embrace of market-conforming policies to attract FDI and the re-assertion of state-owned enterprises (SOEs) as players in industrial development. Drawing from the experiences of Brazil's Petrobras and Chile's Codelco, the book argues that SOEs might open new pathways for technological innovation and even support industrial policy, if subjected to effective governance reforms and aligned with the private sector. In this way, the book shifts the analytical lens away from extractivism as a growth model and towards hybrid development strategies formulated through SOEs. Business of the State asks fundamental questions about states and markets: why do states seek to intervene in the affairs of public enterprises? And what role might they play in structural transformation? The book provides answers using a historical institutionalist framework, process tracing the complex process of market reforms in highly strategic natural resource industries.
The Ecotechnic Future
How to survive and thrive in the post-industrial ageIn response to the coming impact of peak oil, John Michael Greer helps us envision the transition from an industrial society to a sustainable ecotechnic world-not returning to the past, but creating a society that supports relatively advanced technology on a sustainable resource base.Fusing human ecology and history, this book challenges assumptions held by mainstream and alternative thinkers about the evolution of human societies. Human societies, like ecosystems, evolve in complex and unpredictable ways, making it futile to try to impose rigid ideological forms on the patterns of evolutionary change. Instead, social change must explore many pathways over which we have no control. The troubling and exhilarating prospect of an open-ended future, he proposes, requires dissensus-a deliberate acceptance of radical diversity that widens the range of potential approaches to infinity.Written in three parts, the book places the present crisis of the industrial world in its historical and ecological context in part one; part two explores the toolkit for Ecotechnic Age, and part three opens a door to the complexity of future visions.For anyone concerned about peak oil and the future of the industrial society, this book provides a solid analysis of how we got to where we are, and a practical toolkit to prepare for the future.
The Capital Market of Manila and the Pacific Trade, 1668-1838
Economic history has always emphasized the importance of long-distance trade in the emergence of modern financial markets, yet almost nothing is known about the Manila trade. This book offers the first reconstruction of the capital market of Manila using new archival sources that have never been used in the economic history of Pacific trade. The book explains how trade between Asia and Spanish America across the Pacific, which lasted for 250 years (1571 - 1815) was financed from the city of Manila.The book analyses the political economy and institutional structures of the Manila capital market in the context of the global silver trade, as well as addressing key similarities and differences with European trade routes and differing approaches to colonialism and commerce in Asian waters. It traces how the Manila capital market emerged in a bottom-up process with a redistributive aspect that tied the interests of citizens with the fortunes of trade, using institutions familiar to the public like legacy funds, brotherhoods and lay religious orders to pool liquidity, originate working capital, and internalise the risk of loss at sea. It challenges the notion that there is a normative model for the development of capital markets and introduces an industrial organisation analysis to the broader structure of Early Modern trade in the Spanish Empire. Sitting at the intersection of economic and financial history, global history, imperial history and political economy, this book will be a cutting-edge and valuable resource for a broad range of scholars.
Extinction Equilibrium
Generation Z has grown up with a global financial crisis, a pandemic, the climate emergency, growing autocracy and wars. Survival, not just equity, is at stake. As debate rages about how to ensure a fairer and sustainable society, this book challenges short-sighted economic policies, asking where we want to be in 20 years' time and how we might get there. Offering fresh, and sometimes counterintuitive, thinking on a range of economic issues including monetary policy, housing and university funding, it argues in favour of policy guardrails to protect the future, higher interest rates, and a burst of inflation. Robots and AI should be seen as positive replacements for population growth. This is an original, readable and entertaining take on how we can change course before it is too late.
Extinction Equilibrium
Generation Z has grown up with a global financial crisis, a pandemic, the climate emergency, growing autocracy and wars. Survival, not just equity, is at stake. As debate rages about how to ensure a fairer and sustainable society, this book challenges short-sighted economic policies, asking where we want to be in 20 years' time and how we might get there. Offering fresh, and sometimes counterintuitive, thinking on a range of economic issues including monetary policy, housing and university funding, it argues in favour of policy guardrails to protect the future, higher interest rates, and a burst of inflation. Robots and AI should be seen as positive replacements for population growth. This is an original, readable and entertaining take on how we can change course before it is too late.
Paleoeconomics
This accessible and insightful textbook provides a comprehensive introduction to the economics of prehistory. By presenting a chronological account of the beginnings of economics and human society, it charts the key developments in early human history, from the evolution of social norms and colonizing of unknown continents, to the development of early technology and the transition to agricultural food production. Particular attention is given to how human capital, the natural environment, social capital, and the spread of knowledge and technical skills propelled economic development during prehistory. The origin of modern concerns, including wealth inequality, stratified societies, and environmental change, are thoughtfully presented through the examining of the birth of the first states and human civilization. This book provides a thrilling account of human evolution and economic development from its African origins and hunter-gather days, through to the invention of agriculture and the rise of early states. Bringing together ideas from across economic history, the political economy, anthropology, and evolutionary biology, it will be relevant to students and general readers interested in these topics.
Wealth of Nations
Adam Smith (1723-1790) was one of the brightest stars of the eighteenth-century Scottish Enlightenment. An Inquiry into the Nature and Causes of the Wealth of Nations was his most important book. First published in London in March 1776, it had been eagerly anticipated by Smith's contemporaries and became an immediate bestseller. That edition sold out quickly and others followed. Today, Smith's Wealth of Nations rightfully claims a place in the Western intellectual canon. It is the first book of modern political economy, and still provides the foundation for the study of that discipline. But it is much more than that. Along with important discussions of economics and political theory, Smith mixed plain common sense with large measures of history, philosophy, psychology, sociology, and much else. Few texts remind us so clearly that the Enlightenment was very much a lived experience, a concern with improving the human condition in practical ways for real people. A masterpiece by any measure, Wealth of Nations remains a classic of world literature to be usefully enjoyed by readers today.
Soft Law in International Trade Finance
Expert contributors to this volume offer a comprehensive exploration of the UCP 600's impact on international trade finance law, examining the dynamic interplay between soft law and legal harmonization in 28 jurisdictions across all continents. With a rich array of case studies and insightful analysis, this book provides a nuanced interpretation of how soft law shapes global commerce. Its diverse perspectives and practical insights make it essential reading for practitioners and scholars seeking a deeper understanding of the real-world implications of soft law in trade.
Debt Sustainability of Subnational Governments in India
In 2020, for the first time in history, the world璽s debt as a percentage of its gross domestic product exceeded 100 per cent. Although it has come down slightly since then, there are concerns about where the next debt crisis will happen, given that Pakistan and Sri Lanka have found their debt to be what may be described as unsustainable. India璽s overall fiscal health and macroeconomic conditions remain stable, but questions on the fiscal health of India's subnational entities have been raised from time to time. In Debt Sustainability of Subnational Governments in India: Lessons from International Debt Crises, Dwivedi attempts to answer this question by analysing the debt sustainability of states in the context of many emerging issues and challenges to their fiscal health. The book aims to provide usable and practical recommendations to ensure sound fiscal health of the subnational governments in India. Some of the key aspects covered in the book include international experiences of excessive borrowing, and the learnings from these experiences; trends of state government debt (subnational debt); control mechanism on subnational borrowings; emerging issues that pose challenges to state finances; and recommendations to control debt from spiralling out of control.
Edward A. Tenenbaum and the Deutschmark
German industry had survived Allied bombing largely unscathed. Currency reform was necessary to provide incentives for capital owners and labor to produce. The abundance of old Reichsmarks had to be curtailed to a scarce supply of Deutschmarks that users would expect to retain value. It was Edward A. Tenenbaum, currency expert of US military government in Berlin since 1946, who managed the exceptionally successful currency reform in West Germany 1948, which was implemented by the legislative powers of the three Western Allies against opposition from West German financial experts. It was the foundation of West Germany's 'economic miracle.' The West German currency conversion is part of the founding myth of the Federal Republic of Germany. Yet Tenenbaum's pivotal role is largely unknown among the German public. Besides providing a full-blown biography of the true father of the currency reform, this book elevates Tenenbaum to his proper place in German history.
Handbook of the Circular Economy
Longlisted for the CMI Management Publication of the Year 2024 The Handbook of the Circular Economy takes a unique look at this rapidly expanding field of activity from the perspectives of global thought leaders, world-leading researchers and industry. Exploring both transitional activity and considering a transformed Circular Economy the book is presented in three distinct sections: section one includes first-hand ideas and opinions from some of the biggest names in our 21st century Circular Economy landscape. The second section includes empirical work that considers the state-of-the-art in research from a host of perspectives ranging from accounting to innovation, from policy to communities of practice. The final section includes brief examples of leading industrial innovations that are aiming to change the world. Suitable for students, researchers, policy-makers and industrialists this handbook highlights many of the challenges we face in shifting away from our linear economy.
Edward A. Tenenbaum and the Deutschmark
German industry had survived Allied bombing largely unscathed. Currency reform was necessary to provide incentives for capital owners and labor to produce. The abundance of old Reichsmarks had to be curtailed to a scarce supply of Deutschmarks that users would expect to retain value. It was Edward A. Tenenbaum, currency expert of US military government in Berlin since 1946, who managed the exceptionally successful currency reform in West Germany 1948, which was implemented by the legislative powers of the three Western Allies against opposition from West German financial experts. It was the foundation of West Germany's 'economic miracle.' The West German currency conversion is part of the founding myth of the Federal Republic of Germany. Yet Tenenbaum's pivotal role is largely unknown among the German public. Besides providing a full-blown biography of the true father of the currency reform, this book elevates Tenenbaum to his proper place in German history.
