Climate-Smart Innovation
This book studies smart green innovation through the prism of social entrepreneurship as a driver for sustainable development and the development of an environmental economy. It systematizes and analyzes the modern challenges of the environmental economy: climate change and environmental pollution. The tendencies and scenarios for the environmental economy are considered in the context of implementing the Sustainable Development Goals. Globalization and international trade are also considered factors in the sustainable development of the environmental economy.The book hones in on the international experience of ecological responsibility and fighting climate change through social entrepreneurship. The contribution of corporate responsibility in the fight against climate change is determined, and state regulation of corporate responsibility in the resource-based economies of developing countries is considered. The market mechanisms for stimulating the fight against climate change through social entrepreneurship in countries with developed environmental economies are also considered. The advantages of digitalization for fighting climate change through social entrepreneurship are offered.The book also reflects on the possibilities for the sustainable development of the environmental economy based on climate-smart innovation in social entrepreneurship. It presents a model of climate-smart enterprise and substantiates its advantages for corporate responsibility and sustainable development. The key climate-smart innovations in social entrepreneurship for sustainable development of the environmental economy--robots big data, AI, blockchain, and green finance--are determined. The book also develops policy recommendations to support climate-smart innovation in social entrepreneurship.
Manias, Panics, and Crashes
In the Eighth Edition of this classic text on the financial history of bubbles and crashes, Robert McCauley joins with Robert Aliber in building on Charles Kindleberger's renowned work. McCauley draws on his central banking experience to introduce new chapters on cryptocurrency and the United States as the 21st Century global lender of last resort. He also updates the book's coverage of the recent property bubble in China, as well as providing new perspectives on the US housing bubble of 2003-2006, and the Japanese bubble of the late 1980s. And he gives new attention to the social psychology that leads people to take the risk of investing in Ponzi schemes and asset price bubbles. For the first time in this revised and updated edition, figures highlight key points to ensure that today's generation of finance and economic researchers, students, practitioners and policy-makers--as well as investors looking to avoid crashes--have access to this panoramic history of financial crisis.
The Cuba Interviews
This book is a collection of meticulously gathered interviews with government officials, ambassadors, and executives involved in foreign investment and economic development in Cuba. The interviews, many for the first time with a foreign journalist, are valuable from a historical perspective and as a story of development. It offers an "open window" on Cuba into a crucial segment of the country's economy, erroneously perceived by some as "shuttered" to the outside world. This work is structured by the contextual history of Obama's opening with Cuba, the bleak days of Trump, the Havana Syndrome, the onset of the pandemic, the election of Biden, and his "unmet promises", through to economic recovery of the island under the post-pandemic normal. It highlights the work of the ones who lead and invest, create opportunities for themselves and others, initiate change, trigger sustainable development, build infrastructure, improve lives, strengthen the economy, lessen suffering, and create hope. They stimulate forward progress. These are the visionaries with plans seeking to realize the full potential of Cuba, driving a new era of sustainable development and growth. By filling those gaps, this work is an important supplement for any future analysis seeking to examine the country's potential. The book is divided into parts: government, economy, foreign investment, industrial zones, banking, law, and business, followed by interviews with top executives from Cuba's primary sectors. This "open window" on Cuba is a compelling fresh take that shows that Cuba is open for serious business.
Historical Epistemology of Ecological Economics
This volume uses historical epistemology in order to address several topics in the history of economic thought, with special emphasis on ecological economics, environmental metaphors of scarcity, and mathematical ecology. Using the field of ecological economics as an anchor point, the author reflects on the styles of reasoning in economics with a view towards understanding the nature of disagreement that stems from a failure of communication between rival approaches in economics. A thorough inquiry into issues related to identity, coherence, pluralism, and reception, this volume will appeal to researchers and students interested in history of economic thought, ecological economics, and philosophy of the sciences.
Covid-19 and Communities
This volume presents an interdisciplinary reflection on the SARS-COV-2 pandemic and its consequences elaborated in real-time. It embodies the University of Palermo's values and mission by bringing together academics of very diverse disciplinary fields on an issue that is disrupting all aspects of individual and community existence. This volume captures the voices of academics during the pandemic, allowing to crystallize the discourses that are emerging in a wide variety of scientific fields as events unfold and knowledge is rapidly evolving. They share the belief that to shed adequate light on the complex and multifaceted phenomenon of the COVID-19 pandemic and its consequences necessarily requires the adoption of an interdisciplinary approach, the consideration of a multiplicity of perspectives, and of a variety of levels of analysis. The organization of the single contributions in chapters allows the exchange of different perspectives, whilst conveying a general overall frameworkto the interpretation of the many facets of the changes and crisis generated by COVID-19.The volume addresses both academics and professionals dealing with the processes and the consequences brought forth by the pandemic and presents a solid example of the commitment an academic institution should devote to society and communities.
China's New Sources of Economic Growth, Vol. 2
China's efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year's book elucidates key present macroeconomic challenges facing China's economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China's economy. The book explores the development of human capital as the foundations of China's push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China's human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China's economic growth, and China's progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.
The Theory of the Accommodation Based Consumerist Economic System IV
Accommodation Based Consumerism reconciles capitalism and socialism. It is a solution to the problem of human poverty. Consumerism is a new system that stands as a third alternative to free-market capitalism and socialist communism. Essentially, it retains all the great ideas of capitalism and socialism while discarding the problems these systems have. In consumerism there is no unemployment or homelessness. The three taxes are not usually applied and are implemented only as a last resort. The people have access to goods and services of the highest quality. Inflation is minimal or non existent. Consumerism is a general and elaborate theory of economics.
Financial Vulnerability in Canada
This book examines financial vulnerability: a state in which a person or household cannot absorb any substantial spending or negative income shock without substantial financial and ultimately broader harm such as job loss, emotional harm, or mental illness. The focus of the book is on the experiences of low- income and modest income Canadian families - families which, by virtue of being in the lower income brackets, are particularly at risk of experiencing financial hardship. Looking at vulnerability from a conceptual and empirical lens, this book offers a framework to better understand the complex and interdependent ways in which financial vulnerability emerge and can be addressed. By locating its analysis of individual and household financial management in wider community, cultural, and economic contexts, this book seeks to offer holistic policy recommendations to reduce financial vulnerability, with implications that go beyond Canada and to other developed countries.
Managing the Wealth of Nations
'Commerce and manufactures gradually introduced order and good government, ' wrote Adam Smith in his Wealth of Nations, 'and with them, the liberty and security of individuals.' However, Philipp Robinson R繹ssner shows how, when looked at in the face of history, it has usually been the other way around. This book follows the development of capitalism from the Middle Ages through the industrial revolution to the modern day, casting new light on the areas where premodern political economies of growth and development made a difference. It shows how order and governance provided the foundation for prosperity, growth and the wealth of nations. Written for scholars and students of economic history, this is a pioneering new study that debunks the neoliberal origin myth of how capitalism came into the world.
A Forest Environment Tax Scheme in Japan
This book is a work that focuses on the forest environmental tax. Forest resources have played a major role in preventing global warming by absorbing carbon dioxide and supplying oxygen. However, global economic growth has adversely affected the global environment and has exacerbated global warming due to excessive consumption of forest resources. The functions or "services" of forests are diverse, but the interest of the citizenry in forest cultivation is scarce since forests are public goods. Concurrently, Japanese forestry, which has played an important role in forest conservation, is steadily declining, and it is no longer possible for private forest operators to maintain the forest environment. Therefore, in order to realize sustainable economic growth, it is necessary to formulate policies for the conservation of appropriate forest environments. Forest conservation is an especially important policy issue for Japan, where two-thirds of the country is forested. InJapan, a forest environmental tax is being introduced as a forest conservation policy. As of 2021, the forest environmental tax has already been introduced in about two-thirds of the prefectures and soon will be introduced as a national tax. In this book, the significance and issues of the forest environmental tax will be sorted out, and the status of the introduction of the forest environmental tax in Japan will be compared with that of other countries. In addition, there is additional material regarding the water source conservation fund in Toyota City, Aichi Prefecture, a system similar to the forest environmental tax.
China's 40 Years of Reform and Development
The year 2018 marks 40 years of reform and development in China (1978-2018). This commemorative book assembles some of the world's most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China's new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China's fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China's economic reform and development. Included are discussions of China's 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China's global integration. This book further documents and analyses the development experiences including China's large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.
Economic Development, Agriculture and Climate Change
Climate change (CC) is currently an unquestionable phenomenon. If not stopped, it will be catastrophic for life on earth. Scientific evidence shows that human activities are the primary driver of CC tendencies since the industrial times. In this book, we present the relationship between development and CC, with special reference to agriculture, the rural sector, and policies aimed to promote sustainable development. We also give special attention to the situation in low- and medium-income countries particularly rural households and small farmers in these countries.The study of agriculture, CC, and sustainability requires consideration of natural resources and their uses (land, freshwater, forests, etc.), as well as the rural sector since land for agricultural production often expands at the expense of forests. In addition, the use of water for agricultural production affects the availability of this resource for other uses in the urban, industrial, and service sectors. Consequently, sustainable agricultural development under CC requires an interdisciplinary or at least a multidisciplinary approach. In this book, we do our best to deal with this challenge by focusing on issues and topics related to agriculture and its use of natural resources in the context of CC, but without ignoring the interrelations of these phenomena with further aspects of sustainability beyond agriculture.
Income Inequality, Redistribution and Economic Growth
This book focuses on economic inequality, its measurement, and its relationship with economic growth and development. The current literature uses multiple points of view, ranging from ethical, legal, philosophical, to political and economic, to understand the nature of (in)equality. Presenting the problem objectively, this book shows how to measure the phenomenon statistically along with an international comparison of the level of income inequality and economic growth and of their complex relationship. The book also analyzes three decades of theoretical and empirical evidence to understand this phenomenon and discusses a number of political measures to reduce economic disparities while stimulating economic growth.
The Promise of Prosperity
For the people of Timor-Leste, independence promised a fundamental transformation from foreign occupation to self-rule, from brutality to respect for basic rights, and from poverty to prosperity. In the eyes of the country's political leaders, revenue from the country's oil and gas reserves is the means by which that transformation could be effected. Over the past decade, they have formulated ambitious plans for state-led development projects and rapid economic growth. Paradoxically, these modernist visions are simultaneously informed by and contradict ideas stemming from custom, religion, accountability and responsibility to future generations. This book explores how the promise of prosperity informs policy and how policy debates shape expectations about the future in one of the world's newest and poorest nation-states.
Nonprofit Organizations and Corporate Responsibility
Within three individual essays, this thesis deals with collaborative and confrontational approaches by NPOs towards companies, and the role these play with respect to corporate responsibility. By drawing on social movement theory, nonprofit-business collaboration literature as well as legitimacy theory, it advances our knowledge regarding two topics: First, this thesis provides answers to the question how successful collaborative and confrontational approaches are individually at influencing households' judgements of companies and of NPOs themselves. Second, it extends our knowledge of interactions between these approaches. With respect to individual effects, this thesis demonstrates that both collaborative and confrontational approaches by NPOs exert a significant effect on households' legitimacy evaluations of companies and subsequently their consumption intentions. Legitimacy also appears as important underlying factor influencing households' support for NPOs, with collaborative NPOs enjoying higher legitimacy and thus support from households than confrontational ones. Concerning interactions between these two types of approaches, this thesis finds confirmation for previous suggestions that contrasting NPO approaches interplay - but demonstrates that such interactions clearly present a double-edged sword. By simultaneously focusing their approach on the same company, both types of NPO suffer a loss in their ability to influence households' perceptions of companies in the way they envision as well as their capability of attaining resources. However, if such approaches are applied sequentially, the picture of these interaction-effects become more positive. These results indicate that NPOs with different approaches towards companies are well advised to work together in a strategic manner in order to maximize their success.
The Barcelona School of Ecological Economics and Political Ecology
The Economics of Feudalism
First published in 1971, The Economics of Feudalism is an attempt to use the mathematical theory of economic analysis to analyse a historical society.
The Competitiveness of European Industry
First published in 1989, The Competitiveness of European Industry helps in developing our understanding of the process of improving and measuring industrial competitiveness. The contributors focus on the competitiveness of European industry. Three main topics are discussed: the concept of competitiveness itself; what can be learned about competitiveness at the level of an individual national economy; and processes and strategies in forms which might contribute to improved competitive performance. The first two papers critically assess concepts and measures of national competitiveness and review the performances of the economies of Britain, France, and the Federal German Republic. Then follow accounts of industrial competitiveness in three smaller economies (Belgium, Switzerland, and Sweden), which develop a series of methods and techniques for the analysis of industrial structures and indicate significant policy implications. The three concluding papers look at the competitiveness of British industry at the firm level, focusing on the strategic changes, the competitive process, and technical innovation. This book will be of interest to policy makers, business school teachers, and researchers in the area of strategy, industrial economics, organization behaviour, and innovation management.
Circular Business Models in the Manufacturing Industry
The book takes a multi-level perspective, focusing on circular business models by manufacturing industries in European small open economies. The book conceptualises circular business models and combines theoretical foundations with best practices when such models appeared in the textile, furniture, and plastics industries. It also explores barriers, drivers, challenges, and opportunities for leading manufacturing companies to implement circular activities across the value chain. This book offers a qualitative and transformative approach, spread across three different manufacturing industries, towards a circular transition. The findings will be of interest to practitioners and managers, policymakers, and general readers who are interested in the circular economy and environmental sustainability.
The Axiomatics of Economic Design, Vol. 1
This textbook is Volume 1 of a two-volume set on the axiomatics of economic design. Its central argument is that economic institutions are not God-given: they are man-made. Their ultimate goal is to promote social welfare. The book describes the axiomatic approach to design. It consists in the formulation of criteria of desirability of solution mappings, and of the examination of their logical implications when imposed in various combinations. Its goal is to identify as precisely as possible the line that separates those combinations of desiderata that are compatible and those that are not. The end product of axiomatic work are menus of choices for practitioners to choose from when they have to make a decision.The first volume offers pedagogical coverage of the axiomatic approach to economic design, in the form of answers to questions posed by a young person curious about it. It introduces readers to what motivates economic design. It continues with the mathematical representation of a class of allocation problems. The bulk of the volume is to present structured inventories of the field of axioms, arranged by format first, and content next. These chapters are followed by a user's manual on the axiomatic method. Lastly, the volume discusses how economic design can be aided by other disciplines, in particular philosophy, mathematics, and computer science.
Africa and Sustainable Entrepreneurship
Is entrepreneurial and environmental sustainability the only way to safeguard Mother Earth? Professors Nyaanga and Ehiobuche present perspectives, prospects, and opportunities that African entrepreneurship offers and more effective strategies and principles to thrive. Given the distinctiveness of the African continent in terms of its economic infrastructure, political systems, extreme poverty, rapid urbanization, deforestation, environmental impact of the extractive industries, rate of economic growth, rural development, high dependence on foreign aid, low human capital, rising high youth unemployment, climatic variability, natural environmental hazards, abundant natural resources, and alluring consumer goods, most people would concur that at its heart, entrepreneurship is the identification of possibilities in the unmet, underserved, and growing needs of people through the mobilization of resources and the establishment of enterprises. Still, the nature of the activity is very context-sensitive. What functions in one setting and for one population will not necessarily function in another. The needs themselves, as well as the approaches and structures that can be produced acceptably, vary from one place and person to another. Although many business owners believe sustainability is important in their personal lives, they are persuaded that they lack the means to implement it in their fledgling business entities. This book presents baby steps and common-sense ways to see that sustainability is the most effective strategy for ensuring long-term success.
Climate Change in Central Asia
This open access book explores climate change impacts, adaptation, and mitigation in Central Asia and discusses policy options for the Central Asian governments. To address the urgent need for local scholarship on climate change in Central Asia, and in particular the need for more research by social scientists, this book features a wide range of contributions on climate change impacts, adaptation and mitigation in the region. Each chapter makes an important contribution to social science scholarship on climate change and decarbonization in Central Asia. Topics include decarbonization opportunities, carbon pricing instruments, the geo-economics of the energy transition, the relationship between human mobility and climate change. The book thus offers valuable insights for both academics and policymakers.
Advice, Social Learning and the Evolution of Conventions
As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.
Africa and Sustainable Entrepreneurship
Is entrepreneurial and environmental sustainability the only way to safeguard Mother Earth? Professors Nyaanga and Ehiobuche present perspectives, prospects, and opportunities that African entrepreneurship offers and more effective strategies and principles to thrive. Given the distinctiveness of the African continent in terms of its economic infrastructure, political systems, extreme poverty, rapid urbanization, deforestation, environmental impact of the extractive industries, rate of economic growth, rural development, high dependence on foreign aid, low human capital, rising high youth unemployment, climatic variability, natural environmental hazards, abundant natural resources, and alluring consumer goods, most people would concur that at its heart, entrepreneurship is the identification of possibilities in the unmet, underserved, and growing needs of people through the mobilization of resources and the establishment of enterprises. Still, the nature of the activity is very context-sensitive. What functions in one setting and for one population will not necessarily function in another. The needs themselves, as well as the approaches and structures that can be produced acceptably, vary from one place and person to another. Although many business owners believe sustainability is important in their personal lives, they are persuaded that they lack the means to implement it in their fledgling business entities. This book presents baby steps and common-sense ways to see that sustainability is the most effective strategy for ensuring long-term success.
World Central Banks Digital Currency
Historically, central banks around the world have pioneered payment services. Since then, central banks have been regarded as evolving spheres of payment innovation. In today's global economy, technology innovation has the most effect. This has become more influential and crucial as technology occupies our way of life, and naturally, money is steering to the biggest metamorphosis in reinvention. The innovative technology industry in financial services pertained even before the Covid-19 pandemic. Countless innovative technologies appeared onstage, containing the expansion of computers and the Internet, the introduction of mobile phones and smartphones, and the development of applications. Banking innovations also allowed people to receive wages directly into their bank accounts, wire transfers, and deposit money into savings accounts online. As the utilization of digital payments perks up in the retail sector and across other industrial fields, consumers shift to non-cash transactions, resulting in massive alternations in purchasing behavior and consumer culture in both powerful nations and developing countries. Conspicuously, after the COVID-19 pandemic, mobile technology is deeply embedded in our lives. Technology has been extraordinary in the habits for consumers to use e-money without cash. Plenty of consumers are fascinated by easy payment, including PayPal, Libra, Alipay, M-Pesa, stablecoins, Paxos, Swish, WeChat Pay, and Zelle. For the national economy to function effectively, endeavors should be made to assure the people of the country's money and payment services. As the central bank of a country, the central bank must enduringly win the trust of the people by creating financial stability, stabilization of currency, and a secure payment system. Because of this, central banks are currently researching two key ways: wholesale and retail. In the retail space, an approach that could help those who currently do not have access to banking services is to allow them to open accounts with a central bank through a central bank digital currency (CBDC). In the wholesale realm, the objective is to make CBDC without difficulty better accessible to banks and other institutions. In this book, I would like to analyze the CBDC due to the recent increase in interest in central bank digital currency.
The Economics of Optimal Growth Pathways
Every society aspires to be prosperous. It also endeavors to minimize the side effects of economic growth. This book entitled The Economics of Optimal Growth Pathways addresses numerous trade-offs faced by society to achieve prosperity and explores the best possible growth pathways. The theories explored in this book serve as a springboard to better understand key challenges and aspects of the economy, including food security, land use, forest and resource management, capital markets and interest rates, oil and gas extraction, fish and marine resources, saving and investment, and climate change.This book elucidates the concept of optimal economic growth pathways while addressing the challenges faced in natural resources and life on the planet. It will be relevant to students and researchers interested in resource and environmental economics.
The Case Against Intervention
The Case Against Intervention - the fourth venture of the author Quah, Chee Heong, dwells upon contemporary social and economic issues. His previous books Optimal Currency Areas in East Asia, Eccentric Views on Money and Banking, and Austrian Economics in One Lesson lay stress on money, banking, and economics. This title concentrates on societal issues that currently define and affect our day-to-day lives which would certainly complement the curricula at colleges and universities. The objective of this work is to break the status quo and defy the fallacious reasoning in mainstream thinking, as Ronald Reagan once said, "Government is not the solution to our problem, government is the problem."
A Short History of Economic Thought
Now in its fourth edition, A Short History of Economic Thought provides an elementary overview of the history of economic thought.The book has been thoroughly updated throughout in order to reflect changes in the landscape of the field. It continues to be a much-needed text for all introductory economics courses in the field.
A Short History of Economic Thought
Now in its fourth edition, A Short History of Economic Thought provides an elementary overview of the history of economic thought.The book has been thoroughly updated throughout in order to reflect changes in the landscape of the field. It continues to be a much-needed text for all introductory economics courses in the field.
Advice, Social Learning and the Evolution of Conventions
As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.
Australian Economic History
In a time of pandemics, war and climate change, fostering knowledge that transcends disciplinary boundaries is more important than ever. Economic history is one of the world's oldest interdisciplinary fields, with its prosperity dependent on connection and relevance to disciplinary behemoths economics and history. Australian Economic History is the first history of an interdisciplinary field in Australia, and the first to set the field's progress within the structures of Australian universities. It highlights the lived experience of doing interdisciplinary research, and how scholars have navigated the opportunities and challenges of this form of knowledge. These lessons are vital for those seeking to develop robust interdisciplinary conversations now and in the future.
Real Estate Investing
Are you ready to take control of your financial future? If you're looking to build long-term wealth and achieve financial freedom, then real estate investing could be your ticket to success.But the world of real estate can be overwhelming, and making a mistake can be costly. That's where this book comes in. With years of experience in the real estate market, the author has created a step-by-step guide to help you achieve your investing goals.In this comprehensive guide, you'll learn everything you need to know to confidently invest in real estate. From analyzing properties and identifying lucrative opportunities to managing your investments and maximizing profits, this book covers all the essential strategies and techniques you need to succeed.You'll discover the most common mistakes investors make and how to avoid them, along with aggressive and conservative strategies for investing. Plus, you'll learn alternative approaches and tips to help you build a rewarding passive income stream.So if you're ready to take your financial future into your own hands, get your copy today. It's time to start building the life you've always wanted.
The Coming Collapse of America
This book is designed to solve the coming fiscal crisis in the US. Increasing debt will lead to hyperinflation within ten years. According to the CBO, if the US continues business as usual, the US will have a debt of $50 trillion in a decade. Investors will flee the US bond market and the Federal Reserve will end up paying off this debt with inflated currency (a technical but not actual default). Flooding our economy with fiat currency will result in hyperinflation and unemployment with the likelihood of a worldwide depression. The solution is not to increase the US debt. The only way this is possible is to balance the federal discretionary and mandatory budgets. Interest on the debt should be paid by the Federal Reserve without borrowing more money, i.e., just printing money. The easiest way to balance the budgets is to cut the military and Medicare budgets. Using President Biden's proposed 2022 budget, we need to cut the military budget from $.8 trillion to $.3 trillion (still greater than China's and Russia's combined military budget) and reduce Medicare expenses by 50%. Medicare expenses can be cut by providing a low option Medicare plan (subsidized to the extent of 50%) with significant coinsurance and co-payments.
The Economics of Inflation - A Study of Currency Depreciation in Post War Germany
The currency depreciation of the German mark of 1914-23, which is the subject of this work, is one of the outstanding episodes in the history of the twentieth century. Economics of Inflation: A Study of Currency Depreciation in Post-War Germany as a study of hyperinflation has never been surpassed. The same is true of the detailed examination of the rise of hyperinflation in German in the interwar period: there is not anything more authoritative. It is a huge study, 466 pages, with a fantastic amount of data and statistical analytics. But the narrative too is very exciting and infused with a thorough understanding of the impact of dramatic monetary expansion. It affects not only prices but also capital structures, political events, and the structure of society itself. Hitler did not emerge in a vacuum. Bresciani-Turroni covers the essential prehistory of a world-wide calamity. This volume is thorough, authoritative, and riveting in every respect - the achievement of a lifetime to last the ages...
The Economics of Water Scarcity in the Middle East and North Africa
Despite massive infrastructure investments, countries in the Middle East and North Africa (MENA) region continue to face unprecedented water scarcity due to climate change, population growth, and socioeconomic development. Current policy regimes for managing water across competing needs are primarily determined by state control of large infrastructure. Policy makers across the region understand the unsustainability of water allocations and that increasing investments in new infrastructure and technologies to increase water supply place a growing financial burden on governments. However, standard solutions for demand management--reallocating water to higher value uses, reducing waste, and increasing tariffs--pose difficult political dilemmas that, more often than not, are left unresolved. Without institutional reform, the region will likely remain in water distress even with increased financing for water sector infrastructure. 'The Economics of Water Scarcity in the Middle East and North Africa: Institutional Solutions' confronts the persistence and severity of water scarcity in MENA. The report draws on the tools of public economics to address two crucial challenges facing states in MENA: lack of legitimacy and trust. Evidence from the World Values Survey shows that people in the region believe that a key role of government is to keep prices down and that governments are reluctant to raise tariffs because of the risk of widespread protests. Instead of avoiding the 'politically sensitive' issue of water scarcity, this report argues that reform leaders and their external partners can reform national water institutions and draw on local political contestation to establish a new social contract. The crisis and emotive power of water in the region can be used to bolster legitimacy and trust and build a sustainable, inclusive, thriving economy that is resilient to climate change.
Geographies of Post-Industrial Place, Memory, and Heritage
This book investigates the overlap of memory and the impacts of industrialization within today's communities and the senses of place and heritage which grew alongside and in reaction to the growth of mines, mills, and factories. Using global examples, the authors provide a uniquely geographic understanding to industrial heritage.
Numerical Methods in Economics
To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses. The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on R^n, including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers methods for dynamic problems, including finite difference methods, projection methods, and numerical dynamic programming. Part IV covers perturbation and asymptotic solution methods. Finally, Part V covers applications to dynamic equilibrium analysis, including solution methods for perfect foresight models and rational expectation models. A website contains supplementary material including programs and answers to exercises.
The Economics of Pandemics
This book offers a lively account of the humanitarian, economic, societal, and planetwide impacts of the pandemics, the COVID-19 pandemic included, which are traced back to as early as the 14th century plague pandemic. Placing the pandemics along with other globally shared resources, such as global warming, AI singularity, and high-risk physics experiments, each of the nine chapters of the book discusses the global health crises from a variety of unique standpoints, including infectious diseases, economics, governance, and public health. Based on the historical records of past pandemics and the rich data from the COVID-19 pandemic, a conceptual framework is presented for the economics of pandemics as a globally shared experience.This book aims to critically examine salient features in the global responses to the COVID-19 pandemic, including global governance, lockdowns, radical movements, and mRNA vaccines. The book will be a valuable resource to students, researchers, and policymakers who are working in the fields of environmental economics, global-scale public goods, and health economics.
Agricultural Policy in the United States
Agricultural Policy in the United States: Evolution and Economics traces U.S. agricultural policy from its colonial roots to the present, using economic concepts to analyze and interpret political and economic consequences. It also examines the processes by which agricultural policies are developed, and the government structure which supports the implementation of legislation passed by Congress. The book includes arguments for and against common tools of U.S. agricultural policy, without influencing the reader in a particular direction. Each chapter contains questions and exercises to support students' learning, and technical economic material is contained in optional appendices. This second edition examines the Agriculture Improvement Act of 2018 and sets the scene for future policy developments. Additionally, it looks at trade wars and the impact of Black Swan events like the COVID-19 pandemic on agricultural resilience.
Seasonal Adjustment Without Revisions
Seasonality in economic time series can "obscure" movements of other components in a series that are operationally more important for economic and econometric analyses. In practice, one often prefers to work with seasonally adjusted data to assess the current state of the economy and its future course. This book presents a seasonal adjustment program called CAMPLET, an acronym of its tuning parameters, which consists of a simple adaptive procedure to extract the seasonal and the non-seasonal component from an observed series. Once this process is carried out, there will be no need to revise these components at a later stage when new observations become available. The authors describe the main features of CAMPLET, evaluate the outcomes of CAMPLET and X-13ARIMA-SEATS in a controlled simulation framework using a variety of data generating processes, and illustrate CAMPLET and X-13ARIMA-SEATS with three time series: US non-farm payroll employment, operational income of Ahold and real GDP in the Netherlands. Furthermore they show how CAMPLET performs under the COVID-19 crisis, and its attractiveness in dealing with daily data. This book appeals to scholars and students of econometrics and statistics, interested in the application of statistical methods for empirical economic modeling.
Keynes's Evolutionary Spirit
This book chronicles the way Keynes's generous philosophy of practice evolved in consonance with the needs of his epoch. From a youngster reflecting on ethics and the classics, to becoming a leading voice in both wars in terms of political philosophy and international relations, to playing the role of innovator in both probability and economics, to taking a stance as an art appreciator, Keynes's life and multidisciplinary contributions to humankind were permeated by his philosophical milieu. However, only a flexible, dynamic, and broad philosophy could have reflected and led the economic and political events in the world of the first part of the 20th Century, which is what Keynes managed to accomplish, and that is what the book suggests. This book captures the gist of Keynes' evolutionary philosophy for our times. The book adds an evolutionary perspective to the existing literature on Keynes. As a case in point, the theoretical foundations of both macroeconomics and laissez faire are dissected. But the book also tells the story of how Keynes's philosophy is adapted to a convulsed world, which is akin to ours, his legacy being gifted with multiple human considerations. The book offers an outline of Keynes's philosophical stance--also compared with those of other European thinkers--at a moment when new ethical, epistemological, economic, and political perspectives are required, especially after the crisis of 2020. The conclusion is that Keynes織s theoretical and practical insights were far ahead of his time.
The Power of Creative Destruction
Hayek Book Prize FinalistAn Economist Best Book of the YearA Foreign Affairs Best Book of the YearA Financial Times Summer Reading Favorite "Sweeping, authoritative and--for the times--strikingly upbeat...The overall argument is compelling and...it carries a trace of Schumpeterian subversion."--The Economist "[An] important book...Lucid, empirically grounded, wide-ranging, and well-argued."--Martin Wolf, Financial Times "Offers...much needed insight into the sources of economic growth and the kinds of policies that will promote it...All in Washington would do well to read this volume carefully."--Milton Ezrati, Forbes Inequality is on the rise, growth stagnant, the environment in crisis. Covid seems to have exposed every crack in the system. We hear calls for radical change, but the answer is not to junk our economic system but to create a better form of capitalism. An ambitious reappraisal of the foundations of economic success that shows a fair and prosperous future is ours to make, The Power of Creative Destruction draws on cutting-edge theory and hard evidence to examine today's most fundamental economic questions: what powers growth, competition, globalization, and middle-income traps; the roots of inequality and climate change; the impact of technology; and how to recover from economic shocks. We owe our modern standard of living to innovations enabled by free-market capitalism, it argues, but we also need state intervention--with checks and balances--to foster economic creativity, manage social disruption, and ensure that yesterday's superstar innovators don't pull the ladder up after them.
Stability, Growth and Sustainability
As in many other oil and gas dependent countries, Brunei Darussalam--a country with a small population but the second highest income per capita in Southeast Asia--has been diversifying its economy in three sectors: from oil and gas to other sectors of export/economic growth; from the dominance of public sector employment to a more balanced public and private sectors employment; and from heavy dependence on foreign labours to development of local talents. This book examines the current socio-economic development in the journey toward a diversified social economy, as targeted in Brunei Vision 2035. By examining the unique context of Brunei, this book fills in the gap on studies focusing on socio-economic diversification. It highlights the importance of the environment, digital technology and human capital in the diversification process. The book culminates with analyses on business, economy, employment and welfare in Brunei toward 2035, with a new face: a digitalized, sustainable and self-reliant society with a highly developed human capital and a flourishing private sector. "This is a very useful analysis of the challenges facing Brunei Darussalam as the country prepares itself for the 21st century. We are in an unprecedented period of human connectivity facilitated by an increasingly digitalised and high-tech world. The transition which the people, policy and business sectors have to undergo, and survive, is a fascinating learning journey for a small state. This book has succinctly highlighted the experiences we should pick up and apply where relevant for our respective countries going forward." -- Ambassador Ong Keng Yong, Executive Deputy Chairman, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore; and the 11th Secretary-General of ASEAN "This forward-looking study of the Brunei economy is timely and topical. Appropriately, the authors identify 'diversification' as the country's key economic challenge, in preparation for the exhaustion of oil reserves and as the world progressively decarbonises. To this end they set out a comprehensive reform agenda focused on education, the labour market, social policy, the development of non-oil industries, environmental objectives and much else. This is a very useful and informative guide not only for the Brunei government and society, but also for neighbouring ASEAN member states." -- Professor Emeritus Hal Hill, Australian National University "This collection fills a considerable gap in our knowledge of the socio-economic circumstances and developmental trajectories of Brunei Darussalam. In particular, it serves as a major and much needed contribution to our understanding of the challenges of economic diversification in an oil- and gas-dependent sultanate." -- Professor Emeritus Victor T. King, University of Leeds "This book aims to identify and discuss the various issues about, challenges faced by, and opportunities from Brunei's diversification of her oil-dependent economy in response to the changing economic landscape at the national, regional and global levels. The various chapters provide a comprehensive analysis of the different sectors of Brunei's economy, and the authors' clear discussion of their arguments and justifications that are substantiated with relevant data and graphical illustrations, and a wide range of primary and secondary materials. I would like to congratulate the authors for this excellent book and recommend it to those who are interested in knowing and understanding Brunei's economy." -- Associate Professor Teofilo C. Daquila, National University of Singapore
The East Asian Electronics Sector
The lion's share of smartphones, computers, televisions, semiconductor devices, and other electronics goods is made in East Asia. Final electronics goods are assembled in China, and sophisticated parts and components (P&C) such as semiconductor chips, image sensors, and ceramic filters in upstream Asian economies such as Japan, South Korea, and Taiwan. How did Asia become the center of electronics manufacturing? How did learning take place that allowed Asian workers to produce cutting-edge products? Are there lessons for countries like the US that seek to reshore manufacturing of semiconductors, flat-panel displays, and related products? This Element addresses these issues.
