The Rise of the Global Middle Class
The middle class is the most successful group in world history. Sometime before 2030 the fifth billionth person will join the middle class. What started a little over two hundred years ago as a search for a better life has fueled unprecedented global transformation. In his new book Homi Kharas looks at how this powerful dream captivated generations through history, but its demands have led younger generations to ask if it is all worth it. Can the middle class continue to thrive, or will it falter under the stresses of automation, consumerism, pollution, and political strife? The Rise of the Global Middle Class traces the history of the middle class from its origins in Victorian England to present day India. Along the way we meet knocker-uppers who have been displaced by alarm clocks. We learn how the Chinese Communist Party drew legitimacy from its ability to enlarge the Chinese middle class. Kharas proposes a new middle-class manifesto that addresses the pressing issues of inequality, climate change, and technological advances.
Faith in Markets
In the first half of the nineteenth century, the United States saw both a series of Protestant religious revivals and the dramatic expansion of the marketplace. Although today conservative Protestantism is associated with laissez-faire capitalism, many of the nineteenth-century believers who experienced these transformations offered different, competing visions of the link between commerce and Christianity. Joseph P. Slaughter offers a new account of the interplay between religion and capitalism in American history by telling the stories of the Protestant entrepreneurs who established businesses to serve as agents of cultural and economic reform. Faith in Markets examines three Christian business enterprises and the visions of a Christian marketplace they represented. Shaped by Pietist, Calvinist, and Arminian theologies, each offered different answers to the question of what a moral, Christian market should look like. George Rapp & Associates operated sophisticated textile factories as the business side of the model community the Harmony Society, which practiced communal living in pursuit of a harmonious workforce. The Pioneer Stage Coach Line provided transportation services only six days a week to keep Sunday sacred, attempting to reform society by outcompeting less pious businesses. The publisher Harper & Brothers sought to elevate American culture through commerce by producing virtuous products like lavishly illustrated Bibles. Drawing on a wide range of sources, Faith in Markets explores how the founders and owners of these enterprises infused their faith into their businesses and, in turn, how distinctly religious businesses shaped American capitalism and society.
Enterprises' Green Growth Model and Value Chain Reconstruction
Innovative Korea
The Republic of Korea today is a highly industrialized, global leader in innovation and technology. It is the 10th largest economy in the world and has a per capita income approaching the average of OECD countries. In the 1950s, however, it was one of the world's poorest countries, with decidedly bleak prospects. Its transformation has made Korea a well-known case study of successful development. Innovative Korea: Leveraging Innovation and Technology for Development summarizes the sources of Korea's remarkable growth and the policies and institutional reforms that made it possible. The report focuses on Korea's successful transition from a middle-income to a high-income economy. Korea escaped from the "middle-income trap+? by fundamentally transforming its growth paradigm to a more private-sector-led model emphasizing market competition, innovation, and technology. Compared to the previous emphasis on large fi rms and industries, the government became more focused on promoting small and medium enterprises and technology entrepreneurs. Exports expanded significantly through greater integration in global value chains. Already-high levels of human capital development were complemented by an expanded social safety net and a more integrated approach to education and training. Korea succeeded by focusing on the foundations of long-run growth, building global capabilities in innovation and technology, and adapting and evolving its growth paradigm to promote new sources of growth. Innovative Korea, jointly prepared by the World Bank and the Korea Development Institute, provides useful insights on Korea's development story and practical lessons for public policy making.
India's Techade
About the BookThis is a small book about big disruptions.Over two decades, and across two different political regimes, the world's largest democracy combined the rise of cheap mobile phones, cheap data and a unique digital ID system to create an unprecedented revolution in digital public goods. This included the rise of path-breaking fintech systems like Unified Payments Interface (UPI), the creation of a new kind of welfare state based on digital direct benefit transfers and interlinked e-governance systems that brought almost half a billion people who never had bank accounts into the financial system.India's Techade pieces together the story of how this digital revolution came to be. It is a crisp, yet comprehensive account of the systems, the innovators, the processes and the political will that drove the digital enterprise across India.A must-read for anyone who wishes to understand the transformative nature of technology and its deep impact on Indian society, politics and culture.About the AuthorNalin Mehta is Dean, School of Modern Media, UPES; President, EDGE Metaversity and Non-Resident Senior Fellow, Institute of South Asian Studies, National University of Singapore. He has taught and held research positions at universities and institutions in Australia (ANU, La Trobe University), Singapore (NUS), Switzerland (International Olympic Museum) and India (IIM Bangalore, Shiv Nadar University).He was previously Executive Editor, The Times of India-Online, where he led a number of AI-led tech innovations to redefine digital media. He has also served as Managing Editor, India Today (English TV channel) and Consulting Editor, The Times of India. He is the author of five bestselling and critically acclaimed books, including India on Television (winner of the Asian Publishing Award for Best Book on Asian Media, 2009), Behind a Billion Screens (longlisted as Business Book of the Year, Tata Literature Live, 2015), Dreams of a Billion (winner of the Ekamra Sports Book of the Year, 2021, co-authored) and, most recently, The New BJP: Modi and the Remaking of the World's Largest Political Party.
International Institutions in Trade and Finance
Originally published in 1981, this book provided an up-to-date and critical review of the recent history and current status of the main economic institutions affecting international trade and relations at the time. The authors emphasise the economic effectiveness or otherwise of such bodies as GATT, IMF, EEC, UNCTAD and the World Bank.
Africa's Global Infrastructures
The boom in South-South relations since the early 2000s has seen a flurry of investment in African infrastructure from emerging markets across the Global South. While the extent to which these projects spur growth is constantly debated, few studies have addressed their impact on ground-level political and socio-economic practices in Africa--or their consequences for transnational governance more broadly.Through the lens of infrastructure, this book investigates the developmental ideas, processes and techniques that have travelled to and emerged from Africa as a result of Global South-led projects. How have they been adapted, transformed and contested by local actors? How does this shape business-society relations? And how has this challenged the Western-dominated global order? The contributors zoom in on large-scale Chinese-, Brazilian- and Indian-funded ventures--dams, ports, roads and mines--across countries including Kenya, Mozambique and the DRC. These 'frontier zones', bringing together politicians and practitioners, campaign groups and communities from Africa and elsewhere, offer a unique insight into the global workings of our contemporary world.Taking a bottom-up approach, Africa's Global Infrastructures explores the longer-term significance and implications of these pluralistic socio-economic interactions, for the continent and beyond.
The Political Economy of the Welfare State
First published in 1982, the authors of this book, one an economist and the other a specialist in social administration, look at the basic objectives of the various welfare services and from a systematic and comparative standpoint and subject these aims to rigorous analysis and discuss the underlying issues of social philosophy.
The Distribution of the Product
First published in 1979, the purpose of this book is to introduce a theory of the distribution of national income between wages, profits and other categories of income. The first 6 chapters introduce distribution theory to students of intermediate economic principles. The last 7 chapters discuss developments of the theory described.
The Growth of the British Economy 1918-1968
Originally published in 1973, the aim of this work was to discuss the various factors governing the rate of growth of the British economy since the First World War. It endeavours to explain - or at least to provide the groundwork for an explanation of - the movements of aggregate production and productivity in this period.
The Oligarchs' Grip
Goody Business Book Awards Finalist 2023 Shortlisted in the International Business Book category at the Business Book Awards in partnership with Pathway Group 2024 The first ever guide to oligarchs as a global and historical phenomenon. Today, more than twenty oligarchs serve as heads of state or government in countries such as Russia, South Africa, Lebanon, and El Salvador. Many have a net worth in excess of $1 billion, and they all - whether directly or indirectly - impact our daily lives. Who are they and how have they dominated our world? What lessons can we learn from them, and what might the future hold? In The Oligarchs' Grip: Fusing Wealth and Power, entrepreneurship professor David Lingelbach and oligarch researcher Valentina Rodr穩guez Guerra draw upon more than 25 years of research (including conversations with Vladimir Putin and other oligarchs), 16 case studies, and dozens of historical examples to develop the first-ever model revealing the strategies oligarchs employ to fuse wealth and power, and transition between the two. This model gives insight into how oligarchs use multiple control mechanisms to exploit an increasingly uncertain world. The Oligarchs' Grip is a fascinating read for economists, political scientists, business academics, policymakers, businesspeople and anyone interested in oligarchs and the wealth and power they wield on the politico-economic scene today. Book talk with both authors: https: //www.youtube.com/watch?v=2iAwhJjN3hk
Supply in a Market Economy
Originally published in 1976, this title was a new kind of introductory micro-economics text which both assesses the usefulness of traditional theory in tackling social and economic problems and compares and contrasts the alternative approaches to the practical problems inherent in the allocation of scarce resources.
Global Libidinal Economy
This is the first book to examine global political economy from a psychoanalytic perspective. It claims that the libidinal--the site of unconscious desire--plays not a supplementary or trivial, but a constitutive role in global political economy. Consumption, for example, is not simply a way of satisfying a material or biological need but a doomed attempt at soothing our deeply held sense of loss; and capital is not just a means to material growth and prosperity but is invested with "drive" that seduces, beguiles, and manipulates in the service of unending accumulation. Thus, in contrast to political economy, which assumes a rational subject, libidinal economy is founded on the notion of a desiring subject, who obeys a logic not of good sense or self-interest but profligacy and irrationality. By applying a psychoanalytic lens, Global Libidinal Economy thereby seeks to uncover the unconscious excesses and antagonisms emergent in such key political economy categories as "production," "trade," and "ecology," while also bringing out significant contemporary themes relating to "gender" and "race."
Inequality Knowledge
Poverty and inequality have pervaded British society to this day, but this has not always been self-evident to contemporaries - popular understandings have depended on existing knowledge. Inequality Knowledge provides the first detailed history of the numbers about the gap between rich and poor. It shows how they were produced, used, and suppressed at times, and how activists, scientists, and journalists eventually wrestled control over the figures from the state. The book traces the making and the politics of statistical knowledge about economic inequality in the United Kingdom from the post-war era to the 1990s. What kind of knowledge was available to contemporaries about socio-economic disparities in Britain and how they evolved over time? How was this knowledge produced and by whom? What did policy makers and civil servants know about the extent of poverty and inequality in British society and to what extent did they take the distributional impact of their social and fiscal policies into account? Far from just a technical matter, inequality knowledge had far-reaching implications for key debates and the wider political culture in contemporary Britain. Historicizing inequality knowledge speaks to a long tradition of historical research about social class divisions and cultural representations of economic disparities in twentieth-century Britain.
Environmental and Resource Economics
Modern society is currently facing a cascade of environmental crises. Moving forward, it will be the job of current and future generations to develop sound and creative approaches to addressing them. This book attempts to provide insight into the ways in which society can confront modern agricultural, environmental, and resource challenges. In particular, it provides an economic lens with which to examine and confront these issues. The first part of the book introduces a general economic framework that can be used to analyze these issues. Subsequent chapters rely on this framework to introduce and explain specific concepts in agricultural, environmental, and resource economics, including (but not limited to) non-renewable and renewable resource management, pesticide use, and climate change. The book develops quantitative tools that the readership can use to analyze and better understand the complexities of these challenges. Each chapter includes specific applications, and an accompanying Appendix includes a longer list of practice problems that can be brought into courses as exercises.Resources are available to instructors who adopt this book. More details at www.worldscientific.com/worldscibooks/10.1142/13304-sm
The Price of Freedom
This is a significant book that investigates how the French internal resistance and external Free French movement were financed during the Second World War. It brings together the secretive financial aspects of resistance inside France with those under the control of the Free French movement in London. To date, there have been a number of studies that have followed the Gaullist movement, but none have studied how they were funded. This exploration also demonstrates the global scale of the war. It shows how the Free French were not simply a European, Atlantic-based movement, but were, in fact, colonial and operated on a global scale, shedding light on French relations with their colonies in Africa and the Pacific. It underlines the role played by expatriates, those belonging to the French diaspora and third-country nationals, in Allied nations and neutral countries, including Central and South America.Through the combination of digital humanities methods, including social network analysis and GIS (Geographic Information Systems), the Allied funding for de Gaulle's movement and the internal resistance will be unveiled, for the first time, in its entirety. The painstaking reconstruction of the financial records of the Free French and their lines of subsidy is a novel approach that sheds new light onto the financial networks between French, British and American officials who made this financing possible. This illuminates the complexity of international relations in a time of war. Using a combination of economic and accounting analysis, as well as primary-sourced historical research, this book distinctively applies sociological methodologies to this long-held question. This book will be of interest to those in economics, economic history, finance, accounting, digital humanities, modern history, international relations, political science and war studies.
Smart Cities
This edited volume discusses the socioeconomic, environmental, and policy implications of smart cities. Written by international experts in energy economics and policy, the chapters present wide range of high quality theoretical and empirical studies at the nexus of social, entrepreneurial, governmental and ecological transformation. The book covers a wide range of topics, with a view towards providing empirical evidence of the benefits of smart cities as well as practical frameworks for smart city initiatives. Topics discussed include: smart city transition pillars, innovation for smart and sustainable cities design and implementation, smart city governance, smart mobility within cities, and smart cities in emerging economies. This volume will be of use to students and researchers interested in resource economics, energy economics, sustainability, ICT, and governance, as well as policymakers working on smart city initiatives.This is an open access book.
Introducing Foreign Models for Development
This open access book studies how foreign models of economic development can be effectively learned by and applied to today's latecomer countries. Policy capacity and societal learning are increasingly stressed as pre-conditions for successful catch-up. However, how such learning should be initiated by individual societies with different features needs to be explained. The book answers this pragmatic question from the perspective of Japan's past experience and its extensive development cooperation in Asia, Africa, and Latin America. Since the late nineteenth century, Japan has developed a unique philosophy and method for adopting advanced technologies and systems from the West; the same philosophy and method govern its current cooperation with the developing world.The key concepts are local learning and translative adaptation. Local learning says that development requires the learner to adopt a proactive mindset and the goal of graduating from receiving aid. Meanwhile, translative adaptation requires foreign models be modified to fit local realities given the different structures of the home and foreign society. The development process must be wholly owned by the domestic society in rejection of copy-and-paste acceptance. These ideas not only informed Japan but are key to successful development for all. The book also asks how this learning method should-or should not-be revised in the age of SDGs and digitalization. Following the overview section that lays out the general principles, the book offers many real cases from Japan and other countries. The concrete actions outlined in these cases, with close attention to individual growth "ingredients" as opposed to general theories, are crucial to successful policy making. The book contains materials that are highly useful for national leaders and practitioners within developing countries as well as students of development studies.
Introducing Foreign Models for Development
This open access book studies how foreign models of economic development can be effectively learned by and applied to today's latecomer countries. Policy capacity and societal learning are increasingly stressed as pre-conditions for successful catch-up. However, how such learning should be initiated by individual societies with different features needs to be explained. The book answers this pragmatic question from the perspective of Japan's past experience and its extensive development cooperation in Asia, Africa, and Latin America. Since the late nineteenth century, Japan has developed a unique philosophy and method for adopting advanced technologies and systems from the West; the same philosophy and method govern its current cooperation with the developing world.The key concepts are local learning and translative adaptation. Local learning says that development requires the learner to adopt a proactive mindset and the goal of graduating from receiving aid. Meanwhile, translative adaptation requires foreign models be modified to fit local realities given the different structures of the home and foreign society. The development process must be wholly owned by the domestic society in rejection of copy-and-paste acceptance. These ideas not only informed Japan but are key to successful development for all. The book also asks how this learning method should-or should not-be revised in the age of SDGs and digitalization. Following the overview section that lays out the general principles, the book offers many real cases from Japan and other countries. The concrete actions outlined in these cases, with close attention to individual growth "ingredients" as opposed to general theories, are crucial to successful policy making. The book contains materials that are highly useful for national leaders and practitioners within developing countries as well as students of development studies.
Smart Cities
This edited volume discusses the socioeconomic, environmental, and policy implications of smart cities. Written by international experts in energy economics and policy, the chapters present wide range of high quality theoretical and empirical studies at the nexus of social, entrepreneurial, governmental and ecological transformation. The book covers a wide range of topics, with a view towards providing empirical evidence of the benefits of smart cities as well as practical frameworks for smart city initiatives. Topics discussed include: smart city transition pillars, innovation for smart and sustainable cities design and implementation, smart city governance, smart mobility within cities, and smart cities in emerging economies. This volume will be of use to students and researchers interested in resource economics, energy economics, sustainability, ICT, and governance, as well as policymakers working on smart city initiatives.This is an open access book.
Faith in Markets
In the first half of the nineteenth century, the United States saw both a series of Protestant religious revivals and the dramatic expansion of the marketplace. Although today conservative Protestantism is associated with laissez-faire capitalism, many of the nineteenth-century believers who experienced these transformations offered different, competing visions of the link between commerce and Christianity. Joseph P. Slaughter offers a new account of the interplay between religion and capitalism in American history by telling the stories of the Protestant entrepreneurs who established businesses to serve as agents of cultural and economic reform. Faith in Markets examines three Christian business enterprises and the visions of a Christian marketplace they represented. Shaped by Pietist, Calvinist, and Arminian theologies, each offered different answers to the question of what a moral, Christian market should look like. George Rapp & Associates operated sophisticated textile factories as the business side of the model community the Harmony Society, which practiced communal living in pursuit of a harmonious workforce. The Pioneer Stage Coach Line provided transportation services only six days a week to keep Sunday sacred, attempting to reform society by outcompeting less pious businesses. The publisher Harper & Brothers sought to elevate American culture through commerce by producing virtuous products like lavishly illustrated Bibles. Drawing on a wide range of sources, Faith in Markets explores how the founders and owners of these enterprises infused their faith into their businesses and, in turn, how distinctly religious businesses shaped American capitalism and society.
Luigi Amoroso
This book outlines the rich and complex path of Luigi Amoroso, the main exponent of the Paretian School in Italy and probably the most important Italian mathematical economist during the interwar period. The author presents, in a systematic form, the evolution of Amoros's thinking and his main achievements. Despite his relevance, many aspects of Amoroso's thought are little known or misunderstood. This volume delves further to explore the Paretian tradition in which Amoroso enlisted, the conservative anti-democratic ideology that prompted his adhesion to fascism, his contribution to defining the main features of economic theory as formal science, and his various contributions to specific fields such as microeconomic theory, equilibrium dynamics, business cycles and non-competitive markets. It will be relevant to students and researchers interested in the history of economic thought.
Monetary Policy in Interdependent Economies
This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation.The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it.Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.
International Business in Australia Before World War One
This book challenges conventional wisdom by revealing an extensive and heterogeneous community of foreign businesses in Australia before 1914. Multinational enterprise arrived predominantly from Britain, but other sender nations included the USA, France, Germany, New Zealand, and Japan. Their firms spread out across Australia from mining and pastoral communities, to portside industries and CBD precincts, and they operated broadly across mining, trading, shipping, insurance, finance, and manufacturing. They were a remarkably diverse population of firms by size, organisational form, and longevity.This is a rare study of the impact of multinationals on a host nation, particularly before World War One, and that focuses on a successful resource-based economy. Deploying a database of more than 600 firms, supported by contemporary archives and publications, the work reveals how multinational influence was contested by domestic enterprise, other foreign firms, and the strategic investments of governments in network industries. Nonetheless, foreign agency - particularly investment, knowledge and entrepreneurship - mattered in the economic development of Australia in the nineteenth as well as the twentieth centuries. This book will be of interest to students and researchers in Australian and international economic and business history, the history of economic growth and scholars of international business.
Russian and Western Economic Thought
This book examines the interrelations between Russian and European economics from the early 19th century to the present. It analyzes how Western economic thinking, such as classical economics and the marginal revolution, influenced Russian economic thinking and how Western economic ideas were modified and adapted to better reflect the specific Russian circumstances of the time. Moreover, the contributions in this book show how these modified ideas also influenced Western economists at the end of the 19th century, when Russian economics had reached the stage of professionalism and joined the international discourse on the discipline. Written by an international selection of respected experts, this book provides an overview of the most influential Russian economists and covers a wide range of topics such as the marginal revolution, the specific influence of Marxism, the evolution of mathematics and statistics in Russia in the 1890s-1920s, and the unique experience of building a planned economy in the Soviet Union. It is intended for all scholars and students who are interested in the history of economic thought.
Pioneers of Capitalism
How medieval Dutch society laid the foundations for modern capitalism The Netherlands was one of the pioneers of capitalism in the Middle Ages, giving rise to the spectacular Dutch Golden Age while ushering in an era of unprecedented, long-term economic growth. Pioneers of Capitalism examines the formal and informal institutions in the Netherlands that made this economic miracle possible, providing a groundbreaking new history of the emergence and early development of capitalism. Drawing on the latest quantitative theories in economic research, Maarten Prak and Jan Luiten van Zanden show how Dutch cities, corporations, guilds, commons, and other private and semipublic organizations provided safeguards for market transactions in the state's absence. Informal institutions developed in the Netherlands long before the state created public safeguards for economic activity. Prak and van Zanden argue that, in the Netherlands itself, capitalism emerged within a robust civil society that constrained and counterbalanced its centrifugal forces, but that an unrestrained capitalism ruled in the overseas territories. Rather than collapsing under unrestricted greed, the Dutch economy flourished, but prosperity at home came at the price of slavery and other dire consequences for people outside Europe. Pioneers of Capitalism offers a panoramic account of the early history of capitalism, revealing how a small region of medieval Europe transformed itself into a powerhouse of sustained economic growth, and changed the world in the process.
A Deadly Indifference
Professor and amateur detective Henry Spearman trails a killer in the UK, using economics to try to solve the case Harvard professor Henry Spearman--an ingenious amateur sleuth who uses economics to size up every situation--is sent by an American entrepreneur to Cambridge, England. Spearman's mission is to scout out the purchase of the most famous house in economic science: Balliol Croft, the former home of Professor Alfred Marshall, John Maynard Keynes's teacher and the font of modern economic theory. After a shocking murder, Spearman realizes that his own life is in danger as he finds himself face-to-face with the most diabolical killer in his career.
A Theory of Insurance and Gambling
In 1948, Milton Friedman and L. J. Savage suggested that risk preferences explain the demand for insurance and gambling--a theory that is still almost universally accepted by economists today. If you were to ask almost any economist why people purchase insurance, they would say it is because most people are "risk averse," or equivalently, "prefer certainty of losses." If asked to explain why people gamble, they would say it is because some people are "risk seekers." In A Theory of Insurance and Gambling, John A. Nyman critiques this approach and proposes a new theory of the motivations for insurance and gambling. He argues that demand for insurance and gambling is best understood by focusing not on risk preferences, but on the income transfer, the states of the world that trigger the income transfer, and the value of the income in those states. In other words, insurance is motivated by a preference to transfer income to future states of the world where income is more valuable. Gambling, on the other hand, is motivated by a preference to transfer income to future states of the world where additional income is less costly to obtain. Nyman ultimately seeks to reorient how economists think about insurance and gambling by moving away from seeing uncertainty as a negative motivating factor to simply a mechanical feature that allows for the augmentation of income and consumption. He moves away from biased models that ignore income effects and state dependency when evaluating the benefits from insurance and gambling, and away from preferences regarding risk toward the desire to obtain additional future income. Presenting the case that risk preferences do not motivate demand for insurance or gambling, A Theory of Insurance and Gambling calls into question a fundamental tenet of economic thinking.
Rome 476
Lessons from History, Providing Profound Insight Into the Challenges of Our Time New Essays Celebrating the Wisdom of the Past 2,500 YearsThe Latest Writing from Educator/Entrepreneur/Musician David Parker As widespread concern regarding the global COVID-19 pandemic has finally subsided, other challenges here and around the world still provoke anxiety - and undermine the sense of certainty that Americans wish for. Fortunately, a new book by San Francisco based author, educator and entrepreneur David Parker offers the reassuring message from a deeper understanding - namely, that our problems are not new. The very title of Parker's new collection of essays, Rome 476 (Waterside Productions - October 2023) is intended to inspire readers to return to a study of history. He awakens our short attention spans with powerful events in world history - for example, the fall of Western civilization in 476, when the Roman army refused to stop the invading Huns. Those soldiers stood by as Rome and its Colosseum were destroyed. Why? They hadn't been paid. Why? All tax revenue went to service interest on the debt. Sound familiar? In the opening pages of the book, Parker writes, "Rome fell in 476, with it Western civilization, civil rights, scientific and technological progress. Followed by the Dark Ages. One Thousand years." David Parker argues that every year, America's elected representatives drift further from the principles upon which this nation's great democracy was founded. In several essays, he describes milestones in American history initially hailed as "progress" -- Franklin D. Roosevelt's New Deal and Lyndon Johnson's "Great Society" - a failure. A lifelong educator in San Francisco's Public Schools, David Parker went back to school to study history, economics, and government -- to gain a deeper understanding of the principles behind his economic success as an entrepreneur, plus, find solutions to society's seemingly intractable problems. Rome 476 is Parker's third collection of essays. It follows Income and Wealth and A San Francisco Conservative. Among the important ideas David Parker shares in Rome 476, readers will learn: It is important for progressives to learn that "every economic system has problems ... [but] those problems are personal, thus, not solvable by government."Societal problems are solved by human beings individually "pursuing their self-interest to survive." Because, according to Adam Smith, everything then falls into place automatically, without design, as if led by an "invisible hand.""Government intervention in any market destroys that market." In America, the declining quality of education and the exorbitant cost of health care are two good examples."Government's duty is to protect, not provide life, liberty and property."
Recapitalism
Discover a transformative vision of a re-imagined capitalism for a better future!"Recapitalism," delves into the complexities of modern capitalism, exposing its contradictions and limitations while proposing a transformative vision for the future.By reimagining capitalism through decentralised tools and principles, a blueprint is offered for an economic system that nurtures individual creativity and empowers active participation. Central to the argument is the belief that genuine transparency, liberty, and democracy can be achieved by shifting power away from exclusive groups and placing it in the hands of the crowd. In "Recapitalism" you will discover: The Why and the How to re-imagine capitalism for a better future for global societyA sketch of a new decentralised approach to corporate ownership, funding and governance that invites the full potential of humanityA concept of a new digital asset and financial instrument that tokenises gross corporate income in contrast to conventional profit-based division of ownership - shares.The democratisation of capital markets through an innovatie crowd-based ratings system that sets the price of money for investment and financingHow genuine transparency, liberty, and economic (not political) democracy can be achieved through this new concept of a re-imagined capitalismRecapitalism challenges traditional notions of corporate ownership by advocating for a shift from profit-based to revenue-based ownership. The concept of a new digital asset and financial instrument that tokenises gross corporate income is presented in contrast to conventional profit-based shares.A crowd-based rating system that transcends centralised rating agencies is postulated, providing a universal benchmarking tool for investment and finance decision-making. A compelling case is presented for a systemic transition that invites readers to envision a future where society and individuals align harmoniously with the celebration of human creativity and societal well-being. Recapitalism offers a transformative path towards an economic system that liberates and nurtures the full potential of humanity.Challenge your way of thinking about capitalism: Read Recapitalism!
Cracking the Rich Code w/ Jim Britt and Dr. Tianna
"Cracking the Rich Code with Jim Britt vol. 3" is a book written by renowned entrepreneur and motivational speaker, Jim Britt. Here are some insights from the book: 1. Success Mindset: One of the key insights from the book is the importance of having a success mindset. It emphasizes that our thoughts and beliefs significantly determine our level of success. 2. Persistence and Resilience: The book teaches that success doesn't come easy. It requires persistence, resilience, and the ability to overcome failures and setbacks.3. Power of Networking: Britt highlights the importance of networking and building strong relationships in business. He emphasizes that the connections we make can open doors to new opportunities.4. Personal Development: The book underscores the importance of personal development and continuous learning in achieving wealth and success. 5. Goal Setting: Britt encourages readers to set clear and achievable goals. He explains that having a clear vision of what you want to achieve is a crucial step towards success.6. Wealth Creation Strategies: The book provides practical strategies and tips for wealth creation, including investing, entrepreneurship, and financial management.7. Unlocking Potential: Britt believes that every individual has the potential to achieve greatness. The book provides guidance on how to unlock this potential and use it to create wealth and success.8. The Power of Positive Affirmations: The book highlights the power of positive affirmations in changing your mindset and attracting wealth and success.9. Taking Action: Britt emphasizes that success requires not just planning, but action. He encourages readers to take the necessary steps towards achieving their goals.10. The Importance of Passion: The book teaches that passion is a key ingredient in achieving success. When you love what you do, it becomes easier to put in the hard work necessary to achieve your goals.
Making the African Continental Free Trade Agreement a Success
In this book, senior experts from across the world provide a comprehensive analysis of the conditions needed for AfCFTA to successfully spur economic development in Africa. The book is an essential read for policy makers, development practitioners, economics researchers and everyone with an interest in the future of Africa.
The Functions of Sterling
Why is sterling under pressure? Why was the devaluation in 1967 followed by stagnation of British economy? What do the 1971 monetary reforms mean for sterling in the 1970s? First published in 1973, The Functions of Sterling discusses these vital questions and challenges the received wisdom of those who tells us it is beneficial that our money should be worth less. It also examines critically the internal and external performance of sterling throughout the twentieth century. The book argues that the credit control policy offers a real possibility of improved economic growth and encourage the revaluation of sterling. To a large extent the book is in line with Sir Ralph Hawtrey's reasoning and also integrates monetary economics with "real" problems of comparative costs, innovations, and growth. This book is an essential read for scholars of British economy, public policy, political economy, and economics in general.
Market Power, Economic Efficiency and the Lerner Index
The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of firm inefficiency and price markups in the evaluation of market power. The book focusses on the theory and provides a menu of applications to construct measures of firm efficiency and market power in the financial and public sectors.
Essays in Economic History
This book is the culmination of and a collection of distinguished scholar Lawrence Officer's principal research over 50 years of scholarly activity. The collection consists primarily of three topics on which the author has spent the major part of his research: purchasing power parity, standard of living, and monetary standards. There is also a unique chapter on economics and economic history in science fiction. This volume is ideal for academics, graduate and undergraduate students, and practitioners.
China's Reform: History, Logic, and Future
This book is about where to go and what to do in China's reform. Its comprehensive overview and economic analysis of China's reform offers a coverage not found in other English language text. It provides an overview of China's development and reform practice, an economic analysis of China's market-oriented reform and a brief introduction to the theoretical origin, practices, and defects of the planned economy. In so doing, this book demonstrates that the key to the success of China's reform lies in drawing reasonable governance boundaries between government and the market and between government and society. It further discusses the basic elements required for modernizing China's state governance system and conducts an analysis of China's reform and development in 13 key fields. The analysis is based on three dimensions-theoretical logic, practical knowledge, and a historical perspective. This book proposes three elements of comprehensive state governance-inclusive economic institutions; the state capacity to plan and implement policies and laws; and an inclusive and transparent civil society with democracy, the rule of law, fairness, and justice. Its analysis also features the novel application of mechanism design theory by employing the two core ideas of information and incentives and a new research methodology consisting of "three dimensions and six natures". This book reviews and grasps China's reform through a qualitative analysis of economic theories and an empirical analysis of statistics from a historical perspective spanning over 180 years. It is proposed to be an important reference for understanding the past, present, and future of China's reform and teaching about the potential economic superpower. It can also serve as an essential resource for those who are interested in China's economic reform and development.
Macroeconomic Risk and Growth in the Southeast Asian Countries
Emerging markets offer a unique financial setting, contrasting with developed markets: for example, in the significant contribution of small family-owned businesses to the economy, and the considerable social and economic transformations that profoundly affect businesses. In Indonesia, the authors find family firms are more likely to be involved in real earnings management than non-family firms by reducing operating cash flow to report higher income than non-family firms. Further findings demonstrate institutional ownership significantly reduces firm risk in emerging economies. The authors also consider the impact of the Covid-19 pandemic on systemic risk in the frame of a dual banking system where Islamic and conventional banks coexist. ISETE-33A gives fresh insight into financial and economic issues in Indonesia and ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.
Macroeconomic Risk and Growth in the Southeast Asian Countries
ASEAN economies have much insight to offer the world, from investor behaviour during COVID-19, and deep-rooted attitudes towards risk and corruption, to achievement of the Sustainable Development Goals through the gender perspective. The authors examine complex and pressing issues, including: competing models of risk reporting, the effect of corporate governance on the Indonesian stock market, and the influence of stakeholders in influencing the level of disruptive innovation disclosure in 15 countries around the world. ISETE-33B gives fresh insight into financial and economic issues in ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.
Intermediate Macroeconomics with Chinese Perspectives
This is an intermediate-level macroeconomics textbook for undergraduate students who wish to gain some exposure to the Chinese economy while learning macroeconomics. And this is a truly "intermediate-level" textbook since it provides a calculus treatment of the standard intermediate macroeconomic theories such as the Solow models, IS-LM models, and so on. Students in many countries need an alternative macroeconomics textbook that is less American-centric than the existing ones. In particular, students in many developing countries need to learn about theories (e.g., the Lewis model of economic development) and cases (the Asian Financial Crisis) that are relevant to developing countries but are ignored in mainstream English textbooks. The use of calculus makes the textbook concise without sacrificing depth. And most importantly, after some training, students would feel comfortable with applying mathematics, the "engine of inquiry", to macroeconomic analysis.
Trust and European-Russian Energy Relations
This book examines the role of trust in European-Russian energy relations and how some European countries have become dependent on Russia for energy. It examines how trust is developed between nations, the social interactions that underpin it, and the significant differences in the ways in which difference countries create energy partnerships. The role of cooperation and direct experience, historical memories, national culture, individual personalities, and trade agreement structures are also discussed. European-Russian energy relations are contextualised within the Russia-Ukraine war, Europe's energy transition, the economic sanctions imposed on Russia, and the role played by the European Union.This book aims to present policy recommendations to ensure European energy security. It will be relevant to researchers and policymakers interested in energy economics and the political economy of energy.
Intermediate Macroeconomics with Chinese Perspectives
This is an intermediate-level macroeconomics textbook for undergraduate students who wish to gain some exposure to the Chinese economy while learning macroeconomics. And this is a truly "intermediate-level" textbook since it provides a calculus treatment of the standard intermediate macroeconomic theories such as the Solow models, IS-LM models, and so on. Students in many countries need an alternative macroeconomics textbook that is less American-centric than the existing ones. In particular, students in many developing countries need to learn about theories (e.g., the Lewis model of economic development) and cases (the Asian Financial Crisis) that are relevant to developing countries but are ignored in mainstream English textbooks. The use of calculus makes the textbook concise without sacrificing depth. And most importantly, after some training, students would feel comfortable with applying mathematics, the "engine of inquiry", to macroeconomic analysis.
Adam Smith's the Theory of Moral Sentiments
Many contemporary readers are just now discovering Adam Smith's The Theory of Moral Sentiments (TMS). It is increasingly being recognised as a foundational text in moral philosophy and in Adam Smith's oeuvre more generally. This is the first companion to guide readers through TMS and uncover what Smith thinks, why he thinks it, why he might be wrong to think it! While Adam Smith is best known for a Wealth of Nations there is a history of seriously misinterpreting this text as an unnuanced celebration of unfettered capitalism. The Theory of Moral Sentiments is a kind of corrective to these na簿ve readings. As such, any serious consideration of Adam Smith's work should also include TMS. John McHugh's guide provides detailed analysis of TMS while never losing sight of the text in the context of Smith's writings and world view more generally. It offers both an introduction to the importance and insight of TMS while also functioning as a great way in to Adam Smith as a philosopher.
Flexible Regional Economic Integration in Africa
This book examines the relationship between flexible regional economic integration in the East African Community (EAC), through its application of variable geometry, and the establishment of the African Continental Free Trade Area (AfCFTA) as a continent-wide form of integration. It uses a historical, political, legal and economic analysis of the processes that led to the adoption of flexible regional integration in Africa, with particular regard to the EAC. This takes place in the inescapable context of pan-Africanism, showing how regional integration efforts in Africa are based on pan-Africanist ideals, and how an evolution of these ideals has led to an evolution in the goals of integration. With growing awareness of the weaknesses and impracticality of consensus-based decision-making on a global level, it makes the case for the pursuit of flexibility in multilateral trade, drawing lessons from the experience of the AfCFTA and blocs in other regions. This book is a historical evaluation of regional economic integration efforts in Africa and it follows the path of attempts to integrate the economies on the continent from colonial times to the birth of the AfCFTA. While it is a study in law, it relies heavily on politics, economics and history to weave together a more complete theory of economic integration based on the African experience. Flexible Regional Economic Integration in Africa was awarded the 2020 SIEL-Hart Prize in International Economic Law.
Power Struggles
This book explores East Asia's and the Asia Pacific's energy security exploring key issues including major trans-border energy projects, major country's energy mix policy, trans- border pipelines, LNG transfer between nations, balance of power relations between major powers, the North Korean energy situation, energy alliances, Belt and Road Initiative, Indo-Pacific Strategy, World Choke point and more. In particular, this book provides the detailed analysis of the current problems of energy security and diplomacy among various countries as well as policy implications. It will clearly serve as a manual to enhance energy security in the region and boost energy transaction as well as the pioneering step to conceptualize the notion of energy security among political circles, in the diplomatic community and energy industry as well as international relations academics.
Sidney and Beatrice Webb
This book examines the economic, social and political thought of two highly influential cross-disciplinary contributors to the debate in the United Kingdom about welfare economics, social welfare, nationalisation and public policy. Active between the 1880s and the 1930s, their many books, papers, lectures and speeches shaped the discourse on heterodox economics, social democracy and the managed economy. The Webbs sat on Royal Commissions, permeated local and central government, and were instrumental in the creation of the London School of Economics. This book discusses and assesses their contribution to the broad topics of inequality, poverty, unemployment, freedom, capitalism, socialism, constitutional reform, social evolution and the historical school. Issues such as these remain at the forefront of contemporary discussions not just in Britain but throughout the world.
