Business, Finance & Law Books

Book SynopsisWhy is it that some countries become rich while others remain poor? Do markets require regulation to function efficiently? If markets offer an efficient way of exchanging goods, why do individuals even create firms? How are economic transactions organized in the absence of a state that could enforce contracts and guarantee property rights? Institutional economics has allowed social scientists to answer many fundamental questions about the organization and functioning of societies. This introduction to institutional economics is concise, yet easy to understand. It not only caters to students of economics but to anybody interested in this topical research area and its specific subfields. Both formal and informal institutions (such as customs, habits, and traditions) are discussed with respect to their causes and consequences, highlighting the important part they play for economic growth and development.Trade Review'This book covers both contemporary and historical thinking on topics which are at the core of our understanding of how markets and governments work. Although grounded in economics research and thinking, it is written in a way that makes it accessible to a wide range of disciplinary backgrounds.' Timothy Besley, W. Arthur Lewis Professor of Development Economics, London School of Economics'The literature on institutional economics is vast. This book isn't just the place to start, it will take you all the way to the research frontier. An authoritative survey.' James A. Robinson, University of ChicagoTable of ContentsPreface; Introduction; 1. The basics; 2. Simple transactions; 3. Repeated and long-term transactions: on the choice of governance structures with given institutions; 4. Institutions and collective action; 5. The relevance of institutions for growth and development; 6. Explaining differences in external institutions across societies; 7. Explaining change in internal institutions; 8. On the need for normative theory; 9. Consequences for economic policy; 10. Outlook.

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Book SynopsisThis new theory of economic policy accommodates and responds to conflicts between strategic actions by public and private agents. It is an essential tool for understanding the real impact of policy neutrality, rational expectations, time inconsistency and policy announcements, and suggests institution designs with optimal chances of success.Table of ContentsList of figures; List of tables; Preface; Common symbols; 1. An overview: the realm of economic policy; Part I. The Classical Theory of Economic Policy: 2. Statics; 3. Dynamics; Part II. From the Classical to the New Theory of Economic Policy: 4. The Lucas critique; 5. Policy games: an introduction; Part III. The New Theory of Economic Policy: Statics: 6. A theory of strategic conflict: foundations; 7. From individual players to system controllability; 8. Conflicts and coordination among groups; 9. Announcements as a coordination mechanism; Part IV. The New Theory of Economic Policy: Dynamics: 10. Controllability in a strategic dynamic setting; 11. Dynamic policy games with rational expectations; 12. Credibility, dynamic controllability and rational expectations; 13. Expectations and target coordination: institutional aspects; 14. A summary and round-up of conclusions; References.

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a huge range and FREE tracked UK delivery on ALL orders.

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisJan Breman takes dispossession as his central theme in this ambitious analysis of labour bondage in India''s changing political economy from 1962 to 2017. When, in a remote past, tribal and low-caste communities were attached to landowning households, their lack of freedom was framed as subsistence-oriented dependency. Breman argues that with colonial rule came the intrusion of capitalism into India''s agrarian economy, leading to a decline in the idea of patronage in the relationship between bonded labour and landowner. Instead, servitude was reshaped as indebtedness. As labour became transformed into a commodity, peasant workers were increasingly pushed out of agriculture and the village but remained adrift in the wider economy. This footloose workforce is subjected to exploitation when their labour power is required and is left in a state of exclusion when it is surplus to demand. The outcome is progressive inequality that is thoroughly capitalist in nature.Trade Review'From Jan Breman's lifetime of research with labour in Gujarat have come original concepts of patronage and exploitation, circular migration, footloose labour, neo-bondage, exclusion and expulsion from social rights and habitat - all now essential to our understanding of India's labour-force. In this tour-de-force, Breman synthesises the history of coercive debt, bondage and servitude, tracing its persistence from colonial roots to the present where tied and contingent labour underpins capitalism with Indian characteristics. Shabash.' Barbara Harriss-White, Emeritus Professor, University of Oxford'A masterful summing up of the six decades-long research of Jan Breman in and on India. The deep changes in the mode and manner of social exploitation and the failed promises of a sovereign state have been pursued by the author with a relentless critique of India's capitalist path while retaining a deep empathy for the labouring poor.' K. P. Kannan, Centre for Development Studies, Trivandrum'In sum, this book makes some valuable points about the capitalist nature of progressive inequality.' A. A. Batabyal, Choice'… Jan Breman's work will certainly stand the test of time not only as evidence to the sufferings and fights of the dispossessed laboring, but also as an exercise in academic excellence, fueled by empathy that ultimately generated profound and intricate scholarly insights.' Nikolay Kamenov, H-Soz-KultTable of ContentsPart I. Labour as Codified in Annals of the State: 1. The country liberated; 2. An end to servitude?; Part II. Constrained in Decrepitude: 3. The commodification of agricultural labour; 4. The class struggle launched and suppressed; 5. The Gandhian road to inclusion; Part III. The Political Economy of Boundless Dispossession: 6. The Agrarian Question posed as the social question; 7. Labour migration: going off and coming back; 8. Indebtedness as labour attachment; Part IV. Conclusion: 9. Capitalism, labour bondage and the social question.

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Book SynopsisInterest in nonparametric methodology has grown considerably over the past few decades, stemming in part from vast improvements in computer hardware and the availability of new software that allows practitioners to take full advantage of these numerically intensive methods. This book is written for advanced undergraduate students, intermediate graduate students, and faculty, and provides a complete teaching and learning course at a more accessible level of theoretical rigor than Racine''s earlier book co-authored with Qi Li, Nonparametric Econometrics: Theory and Practice (2007). The open source R platform for statistical computing and graphics is used throughout in conjunction with the R package np. Recent developments in reproducible research is emphasized throughout with appendices devoted to helping the reader get up to speed with R, R Markdown, TeX and Git.Trade Review'This book will be valuable to economists wishing to learn nonparametric methods, and to practitioners needing the details of implementation. Applied economists will find this an excellent and practical reference guide.' Bruce E. Hansen, University of Wisconsin, Madison'This book manages to be comprehensive, careful, and accessible all at once - an impressive achievement for such a challenging subject. It covers topics not found elsewhere and incorporates them in a systematic, unified approach. Illustrations using the R programming language will have broad appeal for both teachers and users of nonparametric methods.' Jeffrey M. Woolridge, Michigan State UniversityTable of ContentsPart I. Probability Functions, Probability Density Functions, and their Cumulative Counterparts: 1. Discrete probability and cumulative probability functions; 2. Continuous density and cumulative distribution functions; 3. Mixed-data probability density and cumulative distribution functions; 4. Conditional probability density and cumulative distribution functions; Part II. Conditional Moment Functions and Related Statistical Objects: 5. Conditional moment functions; 6. Conditional mean function estimation; 7. Conditional mean function estimation with endogenous predictors; 8. Semiparametric conditional mean function estimation; 9. Conditional variance function estimation; Part III. Appendices: A. Large and small orders of magnitude and probability; B. R, RStudio, TeX and Git; C. Computational considerations; D. R Markdown for assignments; E. Practicum.

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Book SynopsisAlmost no one knew what a potato was in 1500. Today everyone eats them. This book traces the global journey of this popular foodstuff from the Andes to everywhere. En route it helps explain why we feel so ambivalent about governmental dietary guidelines and celebrates the contributions of ordinary people to shaping how we eat.Trade Review'In following the global travels of the peripatetic potato, Earle brilliantly illuminates both the origins of dietary advice that promised the key to happiness and the everyday ingenuity of farmers and cooks who really do feed the people.' Jeffrey M. Pilcher, author of Planet Taco: A Global History of Mexican Food'If they're delicious when you choose to eat them, but penitentially bland when you're told you have to, you may be eating potatoes, which, as Rebecca Earle argues in her brilliant study of the shape-shifting tubers, provided the first taste of the tension between personal freedom and public well-being within the modern state.' Joyce E. Chaplin, author of The First Scientific American: Benjamin Franklin and the Pursuit of Genius'Potatoes have inspired great books and great recipes. Rebecca Earle describes some unalluring dishes, but her history - cultural, culinary, social, political, and environmental - is the cream of the crop: for coverage, scholarship, breadth and depth of erudition, vividness in exemplification, and fluency in writing no previous work can touch it.' Felipe Fernandez-Armesto, author of Out of Our Minds: What We Think and How We Came to Think It'Feeding the People should be on the menu for anyone interested in the story behind their food.' Orlando Bird, Daily Telegraph'A fascinating book … (Earle) writes with clarity and grace.' Gerard DeGroot, The Times'Earle's surprisingly rich history of the potato is about a carbohydrate whose spread around the world didn't just power the people, but was the source of considerable people power.' Oliver Wiseman, The Critic'This passionately written book … is a rich, creative, and brilliant analysis of an absolutely not-banal foodstuff, proving once more the relevance of food for l'histoire totale.' Peter Scholliers, Agricultural History'… excellent … the book is engaging and well organized … an excellent addition to any food related history text.' Mike Timonin, Global Maritime History'This is a rich, creative, and brilliant analysis of an absolutely not-banal foodstuff, proving once more the relevance of food for l'histoire totale.' Peter Scholliers, Agricultural History'Feeding the People is a joy to read. It is clearly written in engaging prose, but more importantly, it significantly challenges long-held historiographies about the potato in European history. … I recommend this book for a variety of audiences, both scholarly and general. For casual readers, Earle provides a short and interesting history of the potato's romp through the modern world. Scholars will be intrigued by her upending of established theories about potatoes and her focus on bottom-up social history as well as high-level philosophical and political debates. It is impossible for any reader to come away from the book without having gained a new appreciation of how the lowly potato transformed the world.' Tammy M. Proctor, Food & HistoryTable of ContentsList of figures; List of recipes; List of abbreviations; Introduction. Pouring ourselves a large gin; 1. Immigrant potatoes; 2. Enlightened potatoes; 3. Free-market potatoes; 4. Global potatoes; 5. Capitalist potatoes; 6. Security potatoes; Conclusions. Parmentier, peasants and personal responsibility; Acknowledgements; Notes; Bibliography; Index.

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Book SynopsisBy the late 1980s the concept of the work had slipped out of sight, consigned to its last refuge in the library catalogue as concepts of discourse and text took its place. Scholarly editors, who depended on it, found no grounding in literary theory for their practice. But fundamental ideas do not go away, and the work is proving to be one of them. New interest in the activity of the reader in the work has broadened the concept, extending it historically and sweeping away its once-supposed aesthetic objecthood. Concurrently, the advent of digital scholarly editions is recasting the editorial endeavour.The Work and The Reader in Literary Studiestests its argument against a range of book-historically inflected case-studies from Hamlet editions to Romantic poetry archives to the writing practices of Joseph Conrad and D. H. Lawrence. It newly justifies the practice of close reading in the digital age.Trade Review'Eggert's evident expertise and genuine passion for the subject underpins a volume of true worth. The Work and The Reader in Literary Studies offers an informed reflection of scholarly editing, book history and literary studies by a textual editor of international standing. It is a welcome addition to the field of textual studies, exploring the possibilities of the discipline and re-envisioning the role of the scholarly editor.' Allan H. Simmons, St Mary's University and General Editor of the series The Cambridge Edition of the Works of Joseph Conrad'Advancing a literary-aware form of book history and a book-historically informed literary criticism, Paul Eggert's The Work and The Reader in Literary Studies presents one of the finest and best-argued editorial theories textual scholarship has seen since the beginning of the twenty-first century.' Dirk Van Hulle, Universiteit Antwerpen'We can imagine Eggert's digitally deployed work-concept as … an assembly in cyberspace-time, a gathering of minds around a matter of common concern.' Christine Froula, Textual Cultures'This book will certainly be of interest to textual scholars and scholarly editors (especially those engaged in digital projects) … [and] for those seeking an introduction to the major theoretical problems in scholarly editing and textual studies.' Anna Muenchrath, The Papers of the Bibliographical Society of America'… practising print and especially digital editors, book historians, and those more broadly interested in (re)incorporating those disciplines into the practice of reading, will find much to learn from in this always fascinating and richly detailed volume.' John K. Young, Script & Print'What follows is 200 pages of brilliant editorial discussion that blends strands of nostalgia wth strands of elegant self-deprecating irony.' Cristina Urchueguía, Ecdotica'The Work and the Reader in Literary Studies is the most substantial book I am aware of today to lay out the land of literary study on foundations of documented transmission of works of literature …' Hans Walter Gabler, Variants'Paul Eggert's The Work and the Reader in Literary Studies makes an important intervention in textual scholarship by redefining scholarly editions as functions of a process enacted in dynamic relation to an idea of a work on one hand and imagined readers - including the author as a first reader of drafts - on the other.' Matt Cohen, Textual Cultures'Concepts of document, text, and work are parsed with care, generating many valuable insights and clarifications …' Ian Cornelius, Textual Cultures'Paul Eggert's The Work and the Reader in Literary Studies offers an important perspective on the value of the work-concept in textual scholarship.' Alan Galey, Textual Cultures'In the meantime, practising print and especially digital editors, book historians, and those more broadly interested in (re)incorporating those disciplines into the practice of reading, will find much to learn from in this always fascinating and richly detailed volume.' John K. Young, Script and Print'… The Work and the Reader in Literary Studies is the most substantial book I am aware of today to lay out the land of literary study on foundations of documented transmission of works of literature: works and the texts that adumbrate them, written and re-written, read and re-read, and ever safeguarded by the manifold agencies of authors, scribes, typists and typesetters, digital key-strokers, publisher's editors, book historians, commercial or scholarly editors, and ever and ever again readers. The Work and the Reader in Literary Studies forms an important point of entry to re conceptualisings of literary study.' Hans Walter Gabler, Journal of the European Society for Textual Scholarship (ESTS)Table of ContentsPreface; List of illustrations; 1. Introduction: the book, the work and the scholarly edition; 2. Reviving the work-concept: music, literature and historic buildings; 3. The digital native encounters the printed scholarly edition called Hamlet; 4. The reader-oriented scholarly edition; 5. Digital editions: the archival impulse and the editorial impulse; 6. The work, the version and the Charles Harpur Critical Archive; 7. Book history and literary study: the late nineteenth century and Rolf Boldrewood; 8. Book history and literary study: Joseph Conrad and D. H. Lawrence; 9. Adaptation, folklore and the work: the Ned Kelly story; 10. Conclusion: what editors edit, and the role of the reader; Bibliography; Index.

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Book SynopsisWhat can we tell about the future of automobiles and the industries that make them by examining their past? Wormald and Rennick trace the history of powered land transport, the rise and fall of the railways, the spectacular rise of the automobile, and what might come next. Delving into the mighty and complex automotive industry, following the growth of the markets and production, this book illustrates the globalization of vehicle manufacturers and component suppliers, giving form to the development of the industry''s business model. A key factor in an auto-industry''s successes and failures is the often-difficult relationship it has with government, which varies in nature from country to country. As an illustrative case, Wormald and Rennick present and analyse the entire lifecycle of Australia''s automotive history including its birth, growth, functioning and death - and its shifting relationship with the government that supported it.Trade Review'Australia is a large country that relies on motor vehicles, to keep us all connected, working and living across this vast landscape. Wormald and Rennick have captured this Australian automotive vehicle dependent context, with evidence-based research. It is posited within the politics of government policies and reviews, that sought to support, but eventually lead to its demise. Our industrial and manufacturing sectors are in transition. Wormald and Rennick's detailed chronicle of the automotive industry provides lessons for other sectors to learn from as we build new organisational capabilities to support our value-adding exports and sustain our sovereign security.' Michael W. McLean, FAICD, FIMC-CMC, FAOQ, JM'A formidable command of the industry, its makeup and its history born of the authors' having lived and breathed it for decades. I discovered things I didn't know about the period I wrote a Ph.D. about.' Nicholas Gruen, CEO of Lateral Economics and architect of the Button PlanTable of Contents1. The triumph of the automobile – and its incipient decline; 2. From revolution to revolution: a changing automotive industry; 3. The vehicle manufacturers: a controlling global semi-oligarchy; 4. A highly-disciplined global partnership: the components suppliers; 5. Tense relationships: the automotive industry and government; 6. Enthusiastic adopters: growth and change in the Australian car market; 7. The end of a life cycle: the rise and fall of the Australian light vehicle industry; 8. Distant children: Australian vehicle manufacturers and their foreign parents; 9. The Australian component suppliers: doomed by being so sub-scale; 10. From consistency to contradiction: Australian government automotive policy; 11. Government support policy and sectoral analysis: lessons learned.

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Book SynopsisWe need new governance solutions to help us improve public policies and services, solve complex societal problems, strengthen social communities and reinvigorate democracy. By changing how government engages with citizens and stakeholders, co-creation provides an attractive and feasible approach to governance that goes beyond the triptych of public bureaucracy, private markets and self-organized communities. Inspired by the successful use of co-creation for product and service design, this book outlines a broad vision of co-creation as a strategy of public governance. Through the construction of platforms and arenas to facilitate co-creation, this strategy can empower local communities, enhance broad-based participation, mobilize societal resources and spur public innovation while building ownership for bold solutions to pressing problems and challenges. The book details how to use co-creation to achieve goals. This exciting and innovative study combines theoretical argument with illusTable of Contents1. A New Public Governance based on Co-Creation; 2. The Concept of Co-Creation: A Genealogy; 3. Co-Creation is Everywhere and Nowhere; 4. Co-Creation as Generative Governance; 5. The Complex and Dynamic Process of Co-Creating Public Value; Pathways to Co-Created Public Value Outcomes; 7. Co-Creation as the Reinvention of Democracy; 8. Mainstreaming and Scaling Co-Creation; 9. Handling Dilemmas, Avoiding the Dark Side and Tackling Democratic Problems 10. Where are we Today, and Where to Go from Here?

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Book SynopsisAlthough many of Edmund Burke''s speeches and writings contain prominent economic dimensions, his economic thought seldom receives the attention it warrants. Commerce and Manners in Edmund Burke''s Political Economy stands as the most comprehensive study to date of this fascinating subject. In addition to providing rigorous textual analysis, Collins unearths previously unpublished manuscripts and employs empirical data to paint a rich historical and theoretical context for Burke''s economic beliefs. Collins integrates Burke''s reflections on trade, taxation, and revenue within his understanding of the limits of reason and his broader conception of empire. Such reflections demonstrate the ways that commerce, if properly managed, could be an instrument for both public prosperity and imperial prestige. More importantly, Commerce and Manners in Edmund Burke''s Political Economy raises timely ethical questions about capitalism and its limits. In Burke''s judgment, civilizations cannot endurTrade Review'Gregory Collins elegantly demonstrates that Edmund Burke, like his great contemporary Adam Smith, understood that commerce, properly conducted, can make individuals and communities not only better off, but better overall. Burke, like Smith, understood that political and economic thinking should intersect in a theory of moral sentiments.' George F. Will, Washington Post'With care and rigor leavened by an engaging writing style, Gregory Collins has dramatically advanced our understanding of Burke's economic thought. This is an indispensable guide for all future Burke scholars.' Yuval Levin, National Affairs'A thorough study of Edmund Burke's thought on economics in which every aspect is well-considered, every scholar answered, every point nicely phrased. This is a major contribution to Burke scholarship and to our understanding of the beginnings and principles of modern economics.' Harvey C. Mansfield, Harvard University and Stanford University'The book is impressive in its thoroughness on Burke on issue after issue, focusing on his words and deeds.' Daniel B. Klein, National Review'This very thorough and thoughtful book goes a long way toward setting the record straight.' Tyler Cowen, Marginal Revolution'… the definitive account of Burke's economic thought, one which shows how Burke's political economy displays 'an underlying coherence that incorporated elements of prudence, utility, and tradition.' Samuel Greeg, Law and Liberty'Gregory Collins's study of the economic ideas of Burke is a comprehensive achievement. It will set the terms of discussion for a generation on Burke's political economy and its relation to his thinking about manners and morals.' David Bromwich, Yale University, author of The Intellectual Life of Edmund Burke'A revelation.' David Brooks, The New York Times'Collins's treatment of an undervalued aspect of Burkean thought will earn the prescriptive right to stand, for a long time, as the definitive study of the Anglo-Irish statesman's political economy. Collins has done students of Burke and of political economy alike an immense service.' Greg Weiner, Assumption College'The first serious monograph dedicated to examining [Burke's] views on political economy … An important and original study that adds significantly to our understanding of Burke.' Richard Bourke, University of Cambridge'A brilliant book, full of insight and illumination.' The Rt Hon Jesse Norman MP, Financial Secretary to the Treasury, HM Government'A deep study.' James Grant, Wall Street Journal'Commerce and Manners is, undoubtedly, the most comprehensive study available on Burke's economic thought … the most critical merit of the work is that it places Burke's thought in the intellectual context and resolves any prima facie contradictions, frictions, or discrepancies that may appear in his works. Overall, the book delivers what it promises: a systematic exposition of the interaction of commerce and ethics in the Anglo-Irish statesman's thought.' Ioannes P. Chountis, History of Economic Ideas'A tremendous achievement, one that reflects a great deal of thought and inspires a good deal of reflection as well … deeply researched and well-argued.' Jerry Z. Muller, The Catholic University of America'A fine book. It makes both an important contribution to contemporary debates about conservatism and freedom and to Burke scholarship.' Peter Berkowitz, Hoover Institution, Stanford UniversityTable of ContentsIntroduction; Part I. Biography: 1. Biography and Burke's authority as a political economist; Part II. Market Economies: 2. Thoughts and Details on Scarcity, supply and demand, and middlemen; 3. Agricultural policy, labor, and wealth redistribution; 4. Markets, rationalism, and the Hayek connection; Part III. The British Constitution and Economical Reform: 5. The British Constitution: Burke's program of economical reform and the role of the state; Part IV. Foreign Trade: 6. Account of the European Settlements in America, the British West Indies, and the Free Port Act of 1766; 7. Observations on a Late State of the Nation and the political economy of Anglo-American imperial relations; 8. Anglo-Irish commercial relations, Two Letters on the Trade of Ireland, and the politics of free trade; Part V. India: 9. Britain's East India Company, Indian markets, and monopoly: 10. Speech on Fox's India Bill, six mercantile principles, and the danger of political commerce; Part VI. The French Revolution: 11. Reflections on the Revolution in France: property, the monied interest, and the assignats; 12. The real rights of men, manners, and the limits of transactional exchange; Conclusion.

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Book SynopsisA Financial Times Book of the Year 2020! What is a responsible business? Common wisdom is that it''s one that sacrifices profit for social outcomes. But while it''s crucial for companies to serve society, they also have a duty to generate profit for investors - savers, retirees, and pension funds. Based on the highest-quality evidence and real-life examples spanning industries and countries, Alex Edmans shows that it''s not an either-or choice - companies can create both profit and social value. The most successful companies don''t target profit directly, but are driven by purpose - the desire to serve a societal need and contribute to human betterment. The book explains how to embed purpose into practice so that it''s more than just a mission statement, and discusses the critical role of working collaboratively with a company''s investors, employees, and customers. Rigorous research also uncovers surprising results on how executive pay, shareholder activism, and share buybacks can be Trade Review'I do not know whether capitalism is in crisis. But I do know Alex Edmans' superb book makes the case, compellingly and comprehensively, for a radical rethink of how companies operate and indeed why they exist. It is the definitive account of the analytical case for responsible business, but is at the same time practical and grounded in real business experience. It is a tour de force.' Andy Haldane, Chief Economist, Bank of England'Politicians are calling for large companies to be regulated or split up. In this compelling book Alex Edmans argues that there is indeed a problem with corporate behavior but that the solution may be simpler: change corporate purpose so that companies focus on growing the pie rather than grabbing more of it. Edmans's arguments are a powerful and persuasive antidote to much of the conventional wisdom about the corporate world.' Oliver Hart, 2016 Nobel Laureate in Economics'This is a brilliant and timely book, taking the business case for responsible capitalism to a whole new level. Edmans provides a rigorous, evidence-based approach, exploring numerous angles around how businesses can (and, as he shows, must) combine profit-seeking with purpose as well as the role investors and other stakeholders can play in driving a genuine win-win approach. He tackles counter-arguments head-on and has the courage to expose examples of virtue-signalling that falsely discredit responsible businesses. Citing case studies collated over decades, it's a great read, too, offering fascinating examples well beyond the usual suspects. Grow the Pie really has the power to convince the sceptics as well as encourage advocates consider new ways to embed the approach further in their businesses.' Dame Helena Morrissey, financier and founder of the 30% Club'This is a must-read book for anyone interested in reforming capitalism - particularly in its role of serving wider society. The book is grounded in academic evidence, but the ideas are highly practical, and recognize the need for business to be profitable as well as purposeful. Most companies have inspiring mission statements; Edmans provides a concrete framework for translating them into actual practice. He does not shy away from acknowledging the challenges with running a purpose-driven company - balancing multiple objectives, achieving investor buy-in, and making decisions where the key criteria cannot be quantified. Instead, he tackles them head-on, giving clear guidelines on how to navigate tough decisions, which he illustrates with powerful examples.' Dominic Barton, former Global Managing Partner of McKinsey'The quest to encourage companies to adopt positive values, for the benefit of all stakeholders, sometimes seems long on vision and short on firepower. Edmans, a finance professor, provides plenty of ammunition to support the idea that visionary leaders can expand the whole “pie” in pursuit of purpose and profit.' Andrew Hill, Financial Times, Best Books of 2020'This is an original and important book that will help transform how business sees itself - and how we see business. Alex Edmans in his passionate advocacy of 'Pieconomics' challenges us all to adopt a mindset and unity of purpose in which all business actions contribute to pie growing. The implications are radical and far-reaching. Read it: it will challenge how you think.' Will Hutton, Principal of Hertford College, Oxford and Observer columnist'In Grow the Pie, Alex Edmans has provided us with a valuable contribution to contemporary thinking about how business can be a force for good in society. His thought-provoking, often contrarian, ideas are rigorously logical, delving beneath the superficial analyses we often see, which assume correlation implies causation. And Alex's engaging storytelling brings the principles of 'Pieconomics' to life with examples of prominent business people - not just those who understand the benefits of growing the pie - but also those who don't.' Sir James G. M. Wates, Chairman of Wates Group'Alex Edmans has done a great service to society by showing that business doesn't have to be a zero-sum game if we focus more on growing the pie rather than maximizing our slice of it. This is capitalism with a human face.' Andrew Lo, Massachusetts Institute of Technology'Just as Freakonomics encouraged readers to look beyond the conventional wisdom that underlies many public policies, now Professor Alex Edmans introduces the concept of Pieconomics. In Grow the Pie, he challenges popular rhetoric that the free enterprise system is broadly detracting from society. Instead, through many and varied examples, he offers an alternate lens through which we can interpret what constitutes responsible business. In this thoroughly readable book, Edmans debunks mythologies about corporate behavior and offers a new vocabulary by which we can have principled discussions about the role of business in society.  A 'must read' for leaders in government, business and the media that reports on both.' Paula Rosput Reynolds, Director of GE, BP, and BAE'This book is a must-read for asset owners, fund managers and for the boards and executives who lead business enterprise. It provides evidence-based analysis and guidance on how the influence of well-designed stewardship can yield benefit in terms of both financial returns for savers and investors and returns for all stakeholders in a way that benefits society as a whole.' Sir David Walker, former Chairman of Barclays and Morgan Stanley International, author of the Walker Review'Alex Edmans has produced rigorous evidence that the choice between people and profits is a false dichotomy. Now he makes his work accessible to a broader audience and explains how it's possible to overcome the tradeoffs that hold so many leaders and companies back.' Adam Grant, author of Originals and Give and Take and host of the TED podcast WorkLife'This uplifting book provides powerful examples, as well as evidence, that socially responsible businesses generate even higher long term profits than corporations focused on short term profit maximisation. Value is created particularly in new economy enterprises by employee purpose, creation of brand and reputation which drives customer preference. The findings reflects my own real world experiences of striving for business excellence across the global LifeSciences industry.' David Pyott, former Chairman and CEO of Allergan'Finance Professor Alex Edmans defines his purpose in life as 'to use rigorous research to influence the practice of business.' This book, Grow the Pie, demonstrates his manifest success in fulfilling that purpose. Edmans mobilizes evidence - not anecdotes - to make a case, both accessible and compelling, for policies and practices that increase the value available for all stakeholders versus simply and simplistically maximizing profit. Edmans' critical contribution is to reframe arguments about business and capitalism from an all too prevalent short-term zero-sum game to collaborative games where, over time, all can benefit.' Bill Janeway, Warburg Pincus'Alex Edmans provides robust evidence against the claim that businesses must choose between shareholder value and social responsibility. Although there are trade-offs, there is no single trade-off. What is good for shareholders can be good for society: evidence matters.' Baroness Onora O'Neill, University of Cambridge'An important, thoughtful, and timely book. The conflicts surrounding business, and its effects on society, are the subject of a heated debate. With clarity and insight, Alex Edmans makes a valuable contribution to this key debate. Anyone interested in this important subject would find much to learn from, or wrestle with, in this book.' Lucian Bebchuk, Harvard University, MassachusettsTable of ContentsIntroduction; How to read this book; Part I. Why grow the pie? Introducing the idea: 1. The pie-growing mentality: a new approach to business that works for both investors and society; 2. Growing the pie doesn't aim to maximise profits – but often does: freeing a company to take more investments, ultimately driving its success: 3. Growing the pie doesn't mean growing the enterprise: three principles to guide trade-offs and which projects to turn down; 4. Does pieconomics work?: data – not wishful thinking – shows that companies can both do good and do well; Part II. What grows the pie? Exploring the evidence: 5. Incentives: rewarding long-term value creation while deterring short-term gaming; 6. Stewardship: the value of engaged investors that both support and challenge management; 7. Repurchases: investing with restraint, releasing resources to create value elsewhere in society; Part III. How to grow the pie? Putting it into practice: 8. Enterprises: the power of purpose and how to make it real; 9. Investors: turning stewardship from a policy into a practice; 10. Citizens: how individuals can act and shape business, rather than be acted upon; Part IV. The bigger picture: 11. Growing the pie more widely: win-win thinking at the national and personal levels; Conclusion; Action items; Appendix; Acknowledgements; Endnotes; Index.

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Book SynopsisRecent years have seen an explosion in the volume and variety of data collected in scientific disciplines from astronomy to genetics and industrial settings ranging from Amazon to Uber. This graduate text equips readers in statistics, machine learning, and related fields to understand, apply, and adapt modern methods suited to large-scale data.Trade Review'Non-asymptotic, high-dimensional theory is critical for modern statistics and machine learning. This book is unique in providing a crystal clear, complete and unified treatment of the area. With topics ranging from concentration of measure to graphical models, the author weaves together probability theory and its applications to statistics. Ideal for graduate students and researchers. This will surely be the standard reference on the topic for many years.' Larry Wasserman, Carnegie Mellon University, Pennsylvania'Martin J. Wainwright brings his large box of analytical power tools to bear on the problems of the day - the analysis of models for wide data. A broad knowledge of this new area combines with his powerful analytical skills to deliver this impressive and intimidating work - bound to be an essential reference for all the brave souls that try their hand.' Trevor Hastie, Stanford University, California'This book provides an excellent treatment of perhaps the fastest growing area within high-dimensional theoretical statistics - non-asymptotic theory that seeks to provide probabilistic bounds on estimators as a function of sample size and dimension. It offers the most thorough, clear, and engaging coverage of this area to date, and is thus poised to become the definitive reference and textbook on this topic.' Genevera Allen, William Marsh Rice University, Texas'Statistical theory and practice have undergone a renaissance in the past two decades, with intensive study of high-dimensional data analysis. No researcher has deepened our understanding of high-dimensional statistics more than Martin Wainwright. This book brings the signature clarity and incisiveness of his published research into book form. It will be a fantastic resource for both beginning students and seasoned researchers, as the field continues to make exciting breakthroughs.' John Lafferty, Yale University, Connecticut'This is an outstanding book on high-dimensional statistics, written by a creative and celebrated researcher in the field. It gives comprehensive treatments on many important topics in statistical machine learning and, furthermore, is self-contained, from introductory materials to most updated results on various research frontiers. This book is a must-read for those who wish to learn and to develop modern statistical machine theory, methods and algorithms.' Jianqing Fan, Princeton University, New Jersey'This book provides an in-depth mathematical treatment and methodological intuition of high-dimensional statistics. The main technical tools from probability theory are carefully developed and the construction and analysis of statistical methods and algorithms for high-dimensional problems is presented in an outstandingly clear way. Martin J. Wainwright has written a truly exceptional, inspiring and beautiful masterpiece!' Peter Bühlmann, Eidgenössische Technische Hochschule Zürich'This new book by Martin J. Wainwright covers modern topics in high-dimensional statistical inference, and focuses primarily on explicit non-asymptotic results related to sparsity and non-parametric estimation. This is a must-read for all graduate students in mathematical statistics and theoretical machine learning, both for the breadth of recent advances it covers and the depth of results which are presented. The exposition is outstandingly clear, starting from the first introductory chapters on the necessary probabilistic tools. Then, the book covers state-of-the-art advances in high-dimensional statistics, with always a clever choice of results which have the perfect mix of significance and mathematical depth.' Francis Bach, INRIA Paris'Wainwright's book on those parts of probability theory and mathematical statistics critical to understanding of the new phenomena encountered in high dimensions is marked by the clarity of its presentation and the depth to which it travels. In every chapter he starts with intuitive examples and simulations which are systematically developed either into powerful mathematical tools or complete answers to fundamental questions of inference. It is not easy, but elegant and rewarding whether read systematically or dipped into as a reference.' Peter Bickel, University of California, Berkeley'… this is a very valuable book, covering a variety of important topics, self-contained and nicely written.' Fabio Mainardi, MAA Reviews'This is an excellent book. It provides a lucid, accessible and in-depth treatment of nonasymptotic high-dimensional statistical theory, which is critical as the underpinning of modern statistics and machine learning. It succeeds brilliantly in providing a self-contained overview of high-dimensional statistics, suitable for use in formal courses or for self-study by graduate-level students or researchers. The treatment is outstandingly clear and engaging, and the production is first-rate. It will quickly become essential reading and the key reference text in the field.' G. Alastair Young, International Statistical Review'Martin Wainwright takes great care to polish every sentence of each part of the book. He introduces state-of-the-art theory in every chapter, as should probably be expected from an acknowledged specialist of the field. But it is certainly an enormous amount of work to organize all these results in a complete, coherent, rigorous yet easy-to-follow theory. I am simply amazed by the quality of the writing. The explanations on the motivations (Chapter 1) and on the core of the theory are extremely pedagogical. The proofs of the main results are rigorous and complete, but most of them are also built in a way that makes them seem easier to the reader than they actually are. This is the kind of magic only a few authors are capable of.' Pierre Alquier, MatSciNet'... provides a masterful exposition of various mathematical tools that are becoming increasingly common in the analysis of contemporary statistical problems. In addition to providing a rigorous and comprehensive overview of these tools, the author delves into the details of many illustrative examples to provide a convincing case for the general usefulness of the methods that are introduced.' Po-Ling Lo, Bulletin of the American Mathematical Society'An excellent statistical masterpiece is in the hands of the reader, which is a must read book for all graduate students in both mathematical statistics and mathematical machine learning.' Rózsa Horváth-Bokor, ZB Math ReviewsTable of Contents1. Introduction; 2. Basic tail and concentration bounds; 3. Concentration of measure; 4. Uniform laws of large numbers; 5. Metric entropy and its uses; 6. Random matrices and covariance estimation; 7. Sparse linear models in high dimensions; 8. Principal component analysis in high dimensions; 9. Decomposability and restricted strong convexity; 10. Matrix estimation with rank constraints; 11. Graphical models for high-dimensional data; 12. Reproducing kernel Hilbert spaces; 13. Nonparametric least squares; 14. Localization and uniform laws; 15. Minimax lower bounds; References; Author index; Subject index.

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Book SynopsisThis book provides a comprehensive commentary on the UNCITRAL Model Law on International Arbitration. Combining both theory and practice, it is written by leading academics and practitioners from Europe, Asia and the Americas to ensure the book has a balanced international coverage. The book not only provides an article-by-article critical analysis, but also incorporates information on the reality of legal practice in UNCITRAL jurisdictions, ensuring it is more than a recitation of case law and variations in legal text. This is not a handbook for practitioners needing a supportive citation, but rather a guide for practitioners, legislators and academics to the reasons the Model Law was structured as it was, and the reasons variations have been adopted.Trade Review'A truly international treatise where theory meets actual practice. Not only does this book provide a useful and interesting background to the UNCITRAL Model Law, but more critically an instructive and in-depth analysis of each article, describing its purpose and application across numerous jurisdictions. Clearly a useful and practical addition to the existing body of law.' Alexis Mourre, President of the ICC International Court of Arbitration'We now have the pleasure of a commentary that does justice to the significant achievements of the UNCITRAL Model Law. A diverse group of authors thoroughly analyse each of its 36 articles, comparing each one's application in various jurisdictions, without ever losing sight of the Model Law's initial raison d'être. An enlightening and accessible treatise that is fundamental to a proper understanding of this increasingly widespread legal text.' Emmanuel Gaillard, Professor of Law, Head of Shearman and Sterling's International Arbitration practice and Global Head of its Disputes Unit'The Model Law is one of the main pillars upon which modern international arbitration has been built and prospered; it has gone a long way to achieve the aim of harmonisation, which makes doing business in different jurisdictions more certain. This Commentary by experienced practitioners and academics is timely, as the Model Law has been adopted in many jurisdictions. The book is essential for international business as well as teaching.' Neil Kaplan, Arbitrator, Arbitration Chambers, Hong Kong'A starting point for anyone investigating the UNCITRAL Model Law, or any of the 111 jurisdictions it has been adopted in. The book provides a clear, easily accessible and insightful comparative legal analysis of the world's primary instrument of arbitration law. An absolute essential, both for practitioners and academics.' Bas van Zelst, Co-Head of Van Doorne's Arbitration Group, and Professor of Dispute Resolution and Arbitration, Maastricht University'This work is an excellent value-add to the field: it consolidates in one tome a clear analysis of each section of the UNCITRAL Model Law in the light of the pertinent travaux préparatoires and key case law and arbitral decisions, supplemented with insightful commentary. Particularly for practitioners needing to address real-life issues under the Model Law in the course of their cases, this book will be an excellent time-saving resource.' José Astigarraga, Partner, ReedSmith LLPTable of Contents1. Scope of application Michael Polkinghorne, Tuuli Timonen and Nika Larkimo; 2. Definitions and rules of interpretation Pietro Ortolani; 2a. International origin and general principles Ilias Bantekas; 3. Receipt of written communications Ilias Bantekas; 4. Waiver of right to object Ilias Bantekas; 5. Extent of court intervention Manuel E. Gomez; 6. Court or other authority for certain functions of arbitration assistance and supervision Shahla Ali and Odysseas G. Repousis; 7. Definition and form of arbitration agreement Ilias Bantekas and Pietro Ortolani; 8. Arbitration agreement and substantive claim before court Ilias Bantekas; 9. Arbitration agreement and interim measures by court Shahla Ali and Odysseas G. Repousis; 10. Number of arbitrators Ilias Bantekas; 11. Appointment of arbitrators Shahla Ali and Odysseas G. Repousis; 12. Grounds for challenge Pietro Ortolani; 13. Challenge procedure Manuel E. Gomez; 14. Failure or impossibility to act Michael Polkinghorne, Kirsten Odynski, Mariele Coulet-Diaz and Zehaan Trivedi; 15. Appointment of substitute arbitrator Pietro Ortolani; 16. Competence of arbitral tribunal to rule on its own jurisdiction Michael Polkinghorne, Alvaro Peralta, Hazel Levent and Gwen Wackwitz; 17. Power of arbitral tribunal to order interim measures Pietro Ortolani; 18. Equal treatment of parties Ilias Bantekas; 19. Determination of rules of procedure Manuel E. Gomez and Ikram Ullah; 20. Place of arbitration Pietro Ortolani; 21. Commencement of arbitral proceedings Shahla Ali and Tom Kabau; 22. Language Ilias Bantekas; 23. Statements of claim and defence Shahla Ali and Tom Kabau; 24. Hearings and written proceedings Pietro Ortolani; 25. Default of a part Manuel Gomez; 26. Expert appointed by arbitral tribunal Michael Polkinghorne, Karim Mariey and Tomas Vail; 27. Court assistance in taking evidence Shahla Ali and Odysseas G Repousis; 28. Rules applicable to substance of dispute Ilias Bantekas; 29. Decision-making by panel of arbitrators Manuel Gomez; 30. Settlement Michael Polkinghorne and Poorvi Satija; 31. Form and contents of award Ilias Bantekas; 32. Termination of proceedings Ilias Bantekas; 33. Correction and interpretation of award: additional award Ilias Bantekas and Ikram Ullah; 34. Application for setting aside as exclusive recourse against arbitral award Pietro Ortolani; 35. Recognition and enforcement Pietro Ortolani; 36. Grounds for refusing recognition and enforcement Michael Polkinghorne, Jack Biggs, Anna Chuwen Dai and Tolu Obamuroh.

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Book SynopsisDuring the interwar period, J.P. Morgan was the most important bank in the world and at the crossroads of US politics, international relations and finance. In J.P. Morgan & Co. and the Crisis of Capitalism, Martin Horn brings us the first in-depth history of how J.P. Morgan responded to the greatest crisis in the history of financial capitalism, shedding new light on the Great Depression, the New Deal, and the coming of World War II. Horn shows how J.P. Morgan & Co as a business responded to the 1929 Crash and the Depression, including its part in the New York Stock Exchange Crash, arguing that the Morgan partners misread the seriousness of the crash. He also offers new insights into the interactions of politics and finance, exploring J.P. Morgan''s relationship with the Hoover administration and the bank''s clash with Roosevelt over New Deal legislation.Trade Review'Drawing on a comprehensive command of the archival record, this fine study places J. P. Morgan & Co. – from partnership to incorporation – firmly within the history of capitalism. All scholars of modern American and business history will benefit from this authoritative account of a pivotal firm's history.' Jason Scott Smith, author of A Concise History of the New Deal'Numerous histories of the House of Morgan cover the years before 1914 when it was the pre-eminent American bank. Examining how the bank evolved to survive the Great Depression and federal regulation, Martin Horn's important new study is most welcome.' Eugene White, author of Conflict of Interest in the Financial Services IndustryTable of ContentsList of Figures; List of Tables; Acknowledgements; Introduction; 1. 'The Heart of Contemporary Capitalism': The Partners and their Bank; 2. J.P. Morgan & Co. at home and abroad in the 1920s; 3. The Young Plan, the Bank for International Settlements and the Wall Street Crash, 1929–30; 4. 'The End of the World'? The 1931 Crises; 5. 'Witchcraft': J.P. Morgan & Co., Hoover, and the Depression in the United States, 1930–1933; 6. 'In the storm cellar': J.P. Morgan & Co. and the New Deal 1933–36; 7. J.P. Morgan & Co., and the foreign policy of the New Deal: Germany, Italy, Japan and the Nye committee, 1933–37; 8. The Coming of War and the End of the Partnership, 1937–40; Conclusion; Appendices; Bibliography; Index.

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Book SynopsisThe 2008 financial crisis led to more and more frequent political attacks on central banks. The recent spotlight on central bank independence is reminiscent of the fiery debates amongst Germany''s political elites in 1949 on the same issue; debates that were sparked by the establishment of West Germany in that year. Simon Mee shows how, with the establishment of West Germany''s central bank - today''s Deutsche Bundesbank - the country''s monetary history became a political football, as central bankers, politicians, industrialists and trade unionists all vied for influence over the legal provisions that set out the remit of the future monetary authority. The author reveals how a specific version of inter-war history, one that stresses the lessons learned from Germany''s periods of inflation, was weaponised and attached to a political, contemporary argument for an independent central bank. The book challenges assumptions around the evolution of central bank independence with continued reTrade Review'Simon Mee has written an outstanding book that probes into how the Bundesbank connected up a particular view of history with interventions in politics as well as economics. He has skilfully uncovered the origins of the German concern with 'stability culture'.' Harold James, Claude and Lore Kelly Professor in European Studies, and Director, Program in Contemporary European Politics and Society, Princeton University'Simon Mee tells a compelling story of how German central bankers used particular historical lessons to advance their institutional, and perhaps even personal, interests. This is required reading for anyone interested not only in German monetary history, but in the future of Europe.' Kevin O'Rourke, Chichele Professor of Economic History, University of Oxford'A fascinating book … Highly recommended' I. Walter, Choice'In this well-written and intensively researched book, the author argues that the fear of inflation and the love of central bank independence in Germany are not the natural product of memories from the 1920s, but a social construct framed in the domestic policy debates after 1945 by an active communication strategy devised by the central bank.' Eric Monnet, The Journal of Economic History'Mee's great achievement is to have shed light on the origins of Germany's monetary stability myths.' Albrecht Ritschl, Economic History Review'Simon Mee has written a fluent and compelling account of one the most important financial institutions in Europe which should be read by anybody with an interest in the history of modern Germany, or the role of central banks.' Sean Byrne, Zeitschrift für Unternehmensgeschichte vol. 66, no. 2, 2021'This fine contribution will appeal to anyone interested in German monetary and central bank history per se, as well as to those interested in broader themes related to the postwar German economy.' Timothy W. Guinnane, EH.net (Economic History Association)Table of ContentsIntroduction; 1. In search of the Reichsbank; 2. The Bank deutscher Länder and the foundation of West Germany, 1948–51; 3. Adenauer's challenge: the 'Gürzenich affair' and the Bank deutscher Länder, 1956–7; 4. The shadow of national socialism: Karl Blessing and the Bundesbank in 1965; 5. The Bundesbank, social democracy and the era of the 'Great Inflation', 1970–78; Conclusion.

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Book SynopsisThe third edition has been thoroughly revised and updated by a new four-member author team. It features a new conceptual framework based on systems thinking and a dual model of strategic alignment and psychological engagement. It provides a balance between research evidence and practice, and is enhanced with a more applied and technical approach.Table of Contents1. Performance and reward basics; 2. Strategic alignment and psychological engagement; 3. Managing for results; 4. Performance appraisal and management; 5. Reviewing, discussing and developing employee performance; 6. Base pay; 7. Employee benefits; 8. Recognising and rewarding individual performance; 9. Collective short-term incentive plans; 10. Employee share ownership; 11. System review, change and development; 12. New horizons in performance and reward management.

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Book SynopsisAt the end of the twentieth century, academics and policymakers welcomed a trend toward fiscal and political decentralization as part of a potential solution for slow economic growth and poor performance by insulated, unaccountable governments. For the last two decades, researchers have been trying to answer a series of vexing questions about the political economy of multi-layered governance. Much of the best recent research on decentralization has come from close collaborations between university researchers and international aid institutions. As the volume and quality of this collaborative research have increased in recent decades, the time has come to review the lessons from this literature and apply them to debates about future programming. In this volume, the contributors place this research in the broader history of engagement between aid institutions and academics, particularly in the area of decentralized governance, and outline the challenges and opportunities to link evidenceTable of Contents1. Introduction Jonathan A. Rodden and Erik Wibbels; 2. The social underpinnings of decentralized governance: networks, technology and the future of social accountability Erik Wibbels; 3. Leadership selection rules and decentralized governance Guy Grossman; 4. Traditional leaders, service delivery and electoral accountability Kate Baldwin and Pia Raffler; 5. Decentralized rule and revenue Jonathan Rodden; 6. The proliferation of decentralized governing units Jan H. Pierskalla; 7. Decentralization and business performance Edmund Malesky; 8. Decentralization and urban governance in the developing world: experiences to-date and avenues for future research Christopher Carter and Alison E. Post; 9. Decentralization in post-conflict settings: assessing community-driven development in the wake of violence Fotini Christia; 10. Clientelism in decentralized states Gianmarco León and Leonard Wantchekon; 11. Decentralization and ethnic diversity Thad Dunning; 12. From decentralization research to policy and programs: a practical postscript Derick W. Brinkerhoff, Anna Wetterberg and Gary A. Bland; Index.

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Book SynopsisIn this book, Franklin Obeng-Odoom seeks to carefully explain, engage, and systematically question the existing explanations of inequalities within Africa, and between Africa and the rest of the world using insights from the emerging field of stratification economics. Drawing on multiple sources - including archival and historical material and a wide range of survey data - he develops a distinctive approach that combines key concepts in original institutional economics, such as reasonable value, property, and the distribution of wealth, with other insights into Africa''s development and underdevelopment. While looking at the Africa-wide situation, Obeng-Odoom also analyzes the experiences of inequalities within specific countries. Comprehensive and engaging, Property, Institutions, and Social Stratification in Africa is a useful resource for teaching and research on Africa and the Global South.Trade Review'Franklin Obeng-Odoom follows a growing cadre of scholarship generated by African scholars who are particularly engaging African economic issues in a distinctively, self-determined way. In doing exactly that, Property, Institutions, and Social Stratification in Africa is a brilliant book that intellectually grapples with the continent's sustained least developed ranking in the world. Be that as it may, the book also cleverly avoids – and actually effectively debunks – lazy, neoclassical explanations attributing Africa's poverty and inequality to its backwardness and traditional culture. Instead, Obeng-Odoom uniquely formulates a refreshing alternative thesis about African economic prospects using what he refers to as a new theory of black stratification economics. To this end, Obeng's deep structuralist analysis delicately reveals both the historical and continuing external expropriation and transfers of African land, labor, and capital as the source of the problem.' Rita Kiki Edozie, The John W McCormack Graduate School of Policy and Global Studies, UMass Boston'The vast majority of the dubious literature on this profound topic derives from the neo-colonial European-American conceit that the only problem with Nigeria is that it is not more like Norway, and the only problem with South Sudan is that it is not more like Switzerland. The tyranny of the World Bank ideology machine, aided by a compliant cadre of land-obsessed NGOs, has held the stage for too long. Franklin Obeng-Odoom will now teach what must be learned. An African voice on land policy? How novel.' Daniel W. Bromley, University of Wisconsin-Madison'Franklin Obeng-Odoom's book should be read, both by academics working in the fields of development economics, growth, international economics, socioeconomics, and institutionalism, and by non-economists devoted to Africa … It is also a very good exposition, and students will be able to use the numerous presentations of key theoretical concepts and frameworks in the field of macroeconomics, international economics, economics of the commons, economics of agriculture, institutional economics and socioeconomics.' Abdallah Zouache, African Review of Economics and Finance'In Property, Institutions and Social Stratification in Africa, Franklin Obeng-Odoom offers a new comprehensive exploration of inequalities within Africa and between Africa and the rest of the world, drawing on stratification economics. The book offers compelling and crucial insight into the deficiencies of mainstream economics when it comes to addressing the roots of poverty and inequality in African countries and provides new evidence of neocolonialism and exploitation of African resources across the continent …' Heba E. Helmy, LSE Review of Books'… his book has the makings of a foundation text for the new narrative.' Fred Harrison, Land & Liberty'It is highly recommended for teachers, researchers and students of African political economy around the globe.' Lewis Abedi Asante, Africa Spectrum'I commend Obeng-Odoom for writing an impressive as well as an inspiring book that forces his readers to look again at what society takes for granted; what are good academics for and, above all, to provoke all of us to think deeply. He most certainly does that admirably.' Samuel K. Andoh, African and Asian Studies'The ideas in Obeng-Odoom's book should be taken seriously by students, researchers and policy makers interested in Africa and African development.' Isaac Abotebuno Akolgo, Journal of African Political Economy and Development'Franklin Obeng-Odoom's fascinating book is one from which not just Africans but the rest of us in the global South can derive many valuable lessons for our collective way forward.' Walden Bello, Journal of Australian Political Economy'… is worthy of reading and contributes to our knowledge of the processes of inequality in very different ways.' Stephanie Seguino, Forum for Social Economics'Property, Institutions, and Social Stratification in Africa is a book that should inform a new generation of critical development thinking and practice. I recommend this book to anyone committed to learning about Africa, and to better engaging with Africans about development, change, and the future.' Adam Sneyd, Australasian Review of African Studies'… this book will set a new standard for critical political economy analyses of African economies. I highly recommend it.' Stefan Ouma, Economic Geography'… challenges prevailing ideas on existing development policies and attempts to provide new alternative perspectives for more equitable economic development in Africa.' Toyomu Masaki, Evolutionary and Institutional Economics Review'... Obeng-Odoom's latest book presents a fresh, comprehensive political economic framework for the general Global South, specifically Africa. It prioritizes Africans' authority in ongoing economic processes taking place on African soil.' Daphne Engel, SAGE PublicationsTable of ContentsPreface; Part I. The Problem: Introduction. The Global South in a 'compartmentalised world': 1. The foundations for a new beginning; Part II. Problematic Explanations and Solutions: 2. Property economics; 3. Land reform; 4. Human capital; 5. International trade; 6. Economic growth; Part III. Alternatives: 7. Socialism; 8. Africanisms; Concluding the groundwork for a new political economy of the Global South; Bibliography.

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Book SynopsisDigital platforms controlled by Alibaba, Alphabet, Amazon, Facebook,Netflix, Tencent and Uber have transformed not only the ways we do business, but also the very nature of people''s everyday lives. It is of vital importance that we understand the economic principles governing how these platforms operate. This book explains the driving forces behind any platform business with a focus on network effects. The authors use short case studies and real-world applications to explain key concepts such as how platforms manage network effects and which price and non-price strategies they choose. This self-contained text is the first to offer a systematic and formalized account of what platforms are and how they operate, concisely incorporating path-breaking insights in economics over the last twenty years.Trade Review'This is a promising textbook for anyone eager to understand platforms as a business model and an economic concept. The book's systematic review of platform theories — in a wonderful mix of digestible algebra, intuitive explanation, and real world cases — is very much needed, especially when the public discussion about platforms is riddled with anecdotes and speculations. I cannot wait for the second book in this series, which will focus more on the concurrent policy debates about platforms. Both books have the potential to become a 'go-to' reference for platform economics, and to hopefully foster a deeper, healthier, and more comprehensive discussion about platform-related policies.' Ginger Zhe Jin, University of Maryland'This is the book many have been waiting for. A book that takes two decades of new research into platform economics and synthesizes them for students and researchers. It will itself be the platform for others to build upon.' Joshua Gans, University of Toronto'It's hard to imagine our lives without platforms. We use them in virtually all areas of our daily lives, both privately and professionally: for our social contacts and to inform ourselves, to buy books, clothes and tools, to listen to music and watch movies, to sell old furniture, rent rides, housing opportunities and much more. The influence of the large platforms in particular has become so dominant that they are increasingly coming under the scrutiny of competition authorities, with major competition proceedings looming on the horizon. Belleflamme and Peitz's book could not have been published at a better time. Suitable for more and less technically interested readers alike, the book offers a helpful introduction to the not always easy subject matter. I expect it to become an invaluable companion for students, researchers, practitioners, and policymakers in the years to come.' Monika Schnitzer, Ludwig-Maximilians-University Munich'Questions about digital platforms are paramount in today's economy. Belleflamme and Peitz have written a book for people who want to understand many of the drivers of success that have been hypothesized by economists. This is a very useful book to read for people who are interested in policy or firm strategy. It is particularly valuable because unlike many textbooks it focuses on the cutting edge of economics research.' Catherine Tucker, Massachusetts Institute of Technology'Paul Belleflamme and Martin Peitz put their many years of research and policy work into this comprehensive book that covers the key economic and policy aspects of platforms, which have been playing an increasingly important role in our lives. The authors successfully walk the tightrope between rigor and accessibility for a broader audience, making it an ideal book for those seeking an introduction to platform economics. Key aspects of network effects, direct and indirect externalities, pricing, and platform design strategies are covered in depth, balancing theoretical concepts with empirical facts and case studies. The Economics of Platforms: Concepts and Strategy will surely provide an excellent resource and reference for policy makers, business practitioners, researchers, and students of both undergraduate and graduate level programs.' Steve Tadelis, University of California, Berkeley'A comprehensive and rigorous exposition of the economic analysis of platforms. The book covers in an accessible way a wide range of topics such as design, information management, pricing, or start-up. The presentation is clear, including material at the forefront of the economic literature. Written by two leading scholars in the domain, the book caters to a wide range of readers, from students and professors to businessmen and policy makers, with minimum economic background. A must-read for anyone interested in the economics of platforms.' Bruno Jullien, Toulouse School of Economics'Numerous books have been written about platforms but none of them cover the economics behind platforms in any depth. This path-breaking book fills the gap, covering the key concepts and applications of platform strategy in an accessible but thorough way. As well as being a must-read for practitioners and academic scholars who want to understand platform strategy, it is an ideal textbook for business school or economics courses on the digital economy or platforms. Extensive real world cases from around the world bring to life the economic analysis and numerical examples.' Julian Wright, National University of SingaporeTable of ContentsPrologue; 1. Platforms: Definitions and Typology; 2. Ratings, Recommendations and the Use of Big Data; 3. An Economic Primer on Network Goods; 4. Growing a Platform; 5. Platform Pricing; 6. Platform Design; Epilogue.

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Book SynopsisWhile conventional wisdom dictates that people's trust â in the government, in corporations, in each other - is at a historic low, the rise of the Internet is offering new ways to rehabilitate and strengthen trust. Uber is probably the best example of a new company that, on the surface, allows individuals with smartphones to get rides with strangers, but at a deeper level is in the business of trust. In The Trust Revolution, M. Todd Henderson and Salen Churi trace the history of innovation and trust, linking companies such as Uber with medieval guilds, early corporations, self-regulatory organizations, and New-Deal era administrative agencies. This book should be read by anyone who wants to understand how trust - and its means of creation - has the potential not only to expand opportunities for human cooperation, but also to reduce the size and scope of government and corporate control over our lives.Trade Review'How are technologies reshaping trust? How is Uber a model for how new markets will 'eat the world'? The Trust Revolution is the best book I've read on the trust and tech revolution that is reshaping America.' Tyler Cowen, George Mason University and author of The Complacent Class'A true masterpiece - this book whacks you in the face to show that every transaction you can imagine involves an element of trust. Trust me, you won't put it down.' John List, University of Chicago and author of The Why Axis'Henderson and Churi show how the evolution of trust has been integral to human civilization and how, as trust undergoes a revolution, it is rewriting the rules for everything from government and finance to healthcare, entertainment, and transportation. Required reading for anybody trying to understand the next few decades.' Joe Lonsdale, Founding Partner, 8VC'A lively and engaging book on one of the most important topics in the world today. Highly recommended!' Cass R. Sunstein, author of How Change HappensTable of ContentsIntroduction: riding with strangers; Part I: 1. The collapse of trust; 2. Hiding in plain sight; 3. Trust and human flourishing; 4. Typology of trust: government trust; 5. The genealogy of trust; 6. The market for trust; Part II: 7. Private trust and the regulation of stock brokers; 8. Providing trust in the ridesharing market; Part III: 9. Hacking trust; 10. Sketching on a blank slate; 11. Concluding thoughts.

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Book SynopsisThis textbook provides future data analysts with the tools, methods, and skills needed to answer data-focused, real-life questions; to carry out data analysis; and to visualize and interpret results to support better decisions in business, economics, and public policy. Data wrangling and exploration, regression analysis, machine learning, and causal analysis are comprehensively covered, as well as when, why, and how the methods work, and how they relate to each other. As the most effective way to communicate data analysis, running case studies play a central role in this textbook. Each case starts with an industry-relevant question and answers it by using real-world data and applying the tools and methods covered in the textbook. Learning is then consolidated by 360 practice questions and 120 data exercises. Extensive online resources, including raw and cleaned data and codes for all analysis in Stata, R, and Python, can be found at www.gabors-data-analysis.com.Trade Review'This exciting new text covers everything today's aspiring data scientist needs to know, managing to be comprehensive as well as accessible. Like a good confidence interval, the Gabors have got you almost completely covered!' Joshua Angrist, Massachusetts Institute of Technology, winner of the Nobel Memorial Prize in Economic Sciences'This is an excellent book for students learning the art of modern data analytics. It combines the latest techniques with practical applications, replicating the implementation side of classroom teaching that is typically missing in textbooks. For example, they used the World Management Survey data to generate exercises on firm performance for students to gain experience in handling real data, with all its quirks, problems, and issues. For students looking to learn data analysis from one textbook, this is a great way to proceed.' Nicholas Bloom, Stanford University'I know of few books about data analysis and visualization that are as comprehensive, deep, practical, and current as this one; and I know of almost none that are as fun to read. Gábor Békés and Gábor Kézdi have created a most unusual and most compelling beast: a textbook that teaches you the subject matter well and that, at the same time, you can enjoy reading cover to cover.' Alberto Cairo, University of Miami'A beautiful integration of econometrics and data science that provides a direct path from data collection and exploratory analysis to conventional regression modeling, then on to prediction and causal modeling. Exactly what is needed to equip the next generation of students with the tools and insights from the two fields.' David Card, University of California, Berkeley, winner of the Nobel Memorial Prize in Economic Sciences'This textbook is excellent at dissecting and explaining the underlying process of data analysis. Békés and Kézdi have masterfully woven into their instruction a comprehensive range of case studies. The result is a rigorous textbook grounded in real-world learning, at once accessible and engaging to novice scholars and advanced practitioners alike. I have every confidence it will be valued by future generations.' Kerwin K. Charles, Yale School of Management'This book takes you by the hand in a journey that will bring you to understand the core value of data in the fields of machine learning and economics. The large amount of accessible examples combined with the intuitive explanation of foundational concepts is an ideal mix for anyone who wants to do data analysis. It is highly recommended to anyone interested in the new way in which data will be analyzed in the social sciences in the next years.' Christian Fons-Rosen, Barcelona Graduate School of Economics'This sophisticatedly simple book is ideal for undergraduate- or Master's-level Data Analytics courses with a broad audience. The authors discuss the key aspects of examining data, regression analysis, prediction, Lasso, and random forests, and more, with using elegant prose instead of algebra. Using well-chosen case studies, they illustrate the techniques and discuss all of them patiently and thoroughly.' Carter Hill, Louisiana State University'This is not an econometrics textbook. It is a data analysis textbook. And a highly unusual one - written in plain English, based on simplified notation, and full of case studies. An excellent starting point for future data analysts or anyone interested in finding out what data can tell us.' Beata Javorcik, University of Oxford'A multifaceted book that considers many sides of data analysis, all of them important for the contemporary student and practitioner. It brings together classical statistics, regression, and causal inference, sending the message that awareness of all three aspects is important for success in this field. Many 'best practices' are discussed in accessible language, and illustrated using interesting datasets.' llya Ryzhov, University of Maryland'This is a fantastic book to have. Strong data skills are critical for modern business and economic research, and this text provides a thorough and practical guide to acquiring them. Highly recommended.' John van Reenen, MIT Sloan'Energy and climate change is one of the most important public policy challenges, and high- quality data and its empirical analysis is a foundation of solid policy. Data Analysis for Business, Economics, and Policy will make an important contribution to this with its innovative approach. In addition to the comprehensive treatment of modern econometric techniques, the book also covers the less glamorous but crucial aspects of procuring and cleaning data, and drawing useful inferences from less-than-perfect datasets. As the center of gravity of the energy system shifts to developing economies where data quality is still an issue, this will provide an important and practical combination for both academic and policy professionals.' Laszlo Varro, Chief Economist, International Energy AgencyTable of ContentsPart I. Data Exploration: 1. Origins of data; 2. Preparing data for analysis; 3. Exploratory data analysis; 4. Comparison and correlation; 5. Generalizing from data; 6. Testing hypotheses; Part II. Regression Analysis: 7. Simple regression; 8. Complicated patterns and messy data; 9. Generalizing results of a regression; 10. Multiple linear regression; 11. Modeling probabilities; 12. Regression with time series data; Part III. Prediction: 13. A framework for prediction; 14. Model building for prediction; 15. Regression trees; 16. Random forest and boosting; 17. Probability prediction and classification; 18. Forecasting from time series data; Part IV. Causal Analysis: 19. A framework for causal analysis; 20. Designing and analyzing experiments; 21. Regression and matching with observational data; 22. Difference-in-differences; 23. Methods for panel data; 24. Appropriate control groups for panel data; Bibliography; Index.

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Book SynopsisThis clearly written and engaging book brings together anthropology, psychology and economics to show how these three human science disciplines address fundamental questions related to the psychology of economic life in human societies - questions that matter for people from every society and every background. Based around vivid examples drawn from field research in China and Taiwan, the author encourages anthropologists to take the psychological dimensions of economic life more seriously, but also invites psychologists and economists to pay much more attention than they currently do to cultural and historical variables. In the end, this intrinsically radical book challenges us to step away from disciplinary assumptions and to reflect more deeply on what really matters to us in our collective social and economic life.Trade Review'Exploring new horizons in the moral psychology of economic life, Charles Stafford's novel book is bound to inspire social scientists as well as the concerned public in multiple ways.' Yunxiang Yan, University of California'The ambitious aim of this short book is to construct a robust framework for analyzing economic practices. Toward that end, Stafford brings together insights developed in the fields of anthropology, economics, and psychology. With examples drawn from long-term fieldwork in rural Taiwan and China, he uses clear, jargon-free prose to sketch a view of 'the economy not only as a domain of logical deliberation but also as one of emotions - and certainly as one of ethics' (p. xii).' Ethnos (Journal of Anthropology)'This intriguing book focuses on the 'moral aspects of economic Agency' (ix) and seeks to 'bring anthropology, psychology and economics into some kind of conversation' (115) … Writing mostly to colleagues in the guild, Charles Stafford draws from diverse sources of inspiration and grounds his argument in a series of case studies from different parts of rural China and Taiwan, his long-standing field sites … Overall the book is a delight. Readers with even slightly open minds may be convinced, and the seriousness with which Stafford considers the arguments of his opponents, allies, and interlocutors is a model for us all.' American EthnologistTable of ContentsPreface; 1. Introduction; 2. Decisions; 3. Substantivist economic psychology; 4. Plans; 5. Self-education as the end of economic life; 6. The politics of cognition; 7. Number and structure; Acknowledgements.

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Book SynopsisOne of the greatest challenges in the twenty-first century is to address large, deep, and historic deficits in human development. Democracy at Work explores a crucial question: how does democracy, with all of its messy, contested, and, time-consuming features, advance well-being and improve citizens'' lives? Professors Brian Wampler, Natasha Borges Sugiyama, and Michael Touchton argue that differences in the local robustness of three democratic pathways - participatory institutions, rights-based social programs, and inclusive state capacity - best explain the variation in how democratic governments improve well-being. Using novel data from Brazil and innovative analytic techniques, the authors show that participatory institutions permit citizens to express voice and exercise vote, inclusive social programs promote citizenship rights and access to public resources, and more capable local states use public resources according to democratic principles of rights protections and equal accesTrade Review'This important book documents the existence of a significant 'democracy advantage' in the form of Brazilian municipalities that have been able to improve a number of key social indicators by expanding participatory institutions, adopting rights-based social programs, and building local state capacity. Given the multiple crises that have beset Brazil's national-level politics in recent years, the publication of Democracy at Work is especially timely as a reminder that local actors can construct their own pathways to well-being.' Kent Eaton, University of California, Santa Cruz'Democracy at Work convincingly demonstrates that 'thicker democracy' really does improve social outcomes. The authors deploy the analytical leverage of the subnational comparative method, grounded in extraordinary empirical evidence, to show both the independent and interactive effects of participatory public institutions, inclusive safety nets and capable local governments.' Jonathan Fox, Accountability Research Center, School of International Service, American University'Democracy at Work is an impressive, even exemplary, piece of scholarship.' Jared Abbott and Benjamin Goldfrank, Comparative Politics'Wampler, Sugiyama, and Touchton's exciting book Democracy at Work promises a deep dive into the black box of democracy with all of its 'messy, contested, and time-consuming features' … Democracy at Work is sure to become essential reading for any student of participatory democracy and developmental studies, as well as anyone seeking to understand the micro-level pathways that cultivate well-being beyond the broad stroke of economic growth and regime type.' Maggie Shum, The Developing EconomiesTable of ContentsIntroduction; 1. Democracy at work; 2. Building pathways for change; 3. Research design, methods, and variables; 4. Reducing poverty: broadening access to income; 5. Improving health: saving lives; 6. Empowering women: saving mothers and enhancing opportunities; 7. Educating society: promoting public education and learning; 8. Pathways at work: lessons from Brazil's poor Northeast; Conclusion: how democracy improves well-being.

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Book SynopsisThe recent pandemic has clarified the overwhelming connection between the workplace and technology. With thousands of employees suddenly forced to work at home, a large segment of the workforce quickly received crash courses in videoconferencing and other technologies, and society as a whole took a step back to redefine what employment actually means. The virtual workplace is the blending of brick-and-mortar physical places of business with the advanced technologies that now make it possible for workers to perform their duties outside of the office. Trying to regulate in this area requires the application of decades old employment laws to a context never even contemplated by the legislatures that wrote those rules. This book explores the emerging issues of virtual workdefining employment, litigating claims, aggregating cases, unionizing workers, and preventing harassmentand provides clarity to these areas, synthesizing the current case law, statutory rules, and academic literature to pTable of Contents1. Introduction; 2. Who is an employee?; 3. Pleading standards and the technology sector; 4. Aggregating claims; 5. Collective bargaining agreements and unions in the modern economy; 6. Harassment and the virtual workplace; 7. A few final thoughts.

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Book SynopsisThis book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions in Central Eastern Europe and Russia in the 1990s, and the great financial crisis of 20089. In addition to providing wide geographic and historical coverage of episodes of crisis in North America, Europe, Latin America and Asia, the book clarifies basic concepts in the area of recession economics, analysis of high inflation, debt crises, political cycles and international political economy. An understanding of these concepts is needed to comprehend big recessions and slumps that often lead to both political change and the reassessment of prevailing economic paradigms.Trade Review'The twentieth century saw plenty of booms and busts, and the early twenty-first century saw a financial crash - threatening a repeat of the 1930s depression. Andrés Solimano provides the reader with an authoritative guide to these busts, crashes and depressions. This book is not only a history of capitalism, but also a warning that the next calamity is just around the corner.' Tony Addison, United Nations University World Institute for Development Economics Research'Fully conversant with changing economic and monetary theories and associated policy interventions, Solimano deploys a wealth of macroeconomic financial data to drive home one enduring feature, namely, the instability of capitalism. His book is economic history at its best, something the economics curriculum of today could hugely benefit from.' Anthony D'Costa, University of Alabama, Huntsville'This masterful guided-tour of the economic downturns in recent history is both spectacularly rich and absolutely indispensable. Solimano begs the question: when shall we learn from our mistakes?' Dimitry Kochenov, University of Groningen'The statistics collected by Solimano in this book are a gold mine for economists. He goes beyond simple lack-of-demand analyses and points out limitations of Keynesian stabilization policy as important, and at times useful, could not be a miracle cure for recessions.' Vito Tanzi, author of Termites of the StateTable of Contents1. Introduction; 2. Recessions and depressions: an overview of theories and empirics; 3. World War I, hyperinflation in the 1920s and World War II; 4. The Great Depression of the 1930s; 5. Stagflation in the 1970s, globalization and the financial crisis of 2008–9; 6. Two depressions in the early twenty-first century: the cases of Latvia and Greece; 7. Soviet-type of socialism and the post-socialist transition; 8. Economic crises in Latin America and East Asia; 9. Synthesis and interpretation.

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Book SynopsisThis book can help students, scholars and practitioners identify the overlaps and tensions between company and environmental law. Connecting diverse areas such as international environmental law, climate and energy law, human rights law, and investor action, Benjamin argues that company law can be a bridge to corporate climate action.

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Book SynopsisThis essential reference for students and scholars in the input-output research and applications community has been fully revised and updated to reflect important developments in the field. Expanded coverage includes construction and application of multiregional and interregional models, including international models and their application to global economic issues such as climate change and international trade; structural decomposition and path analysis; linkages and key sector identification and hypothetical extraction analysis; the connection of national income and product accounts to input-output accounts; supply and use tables for commodity-by-industry accounting and models; social accounting matrices; non-survey estimation techniques; and energy and environmental applications. Input-Output Analysis is an ideal introduction to the subject for advanced undergraduate and graduate students in many scholarly fields, including economics, regional science, regional economics, city, regiTrade Review'It is not an exaggeration to call this book the Bible of input-output practitioners. Past editions of this book have served as the undergraduate and post-graduate textbook, introducing scholars from outside the Economics discipline to extended topics such as social accounting, resource depletion, pollution, and environmental impacts. The book has recently enjoyed increased popularity and attention at higher levels of academic and decision-making impact. Therefore, this latest edition book is a timely update of a truly seminal foundation.' Manfred Lenzen, The University of Sydney'This book comes just at a time when multi-country input-output analysis has become the key instrument to understand the economic, social and environmental consequences of international trade flows between sectors, global value chains or supply chains disruptions, caused for example by COVID-19. The authors draw on the traditional literature and expand it again very smartly to incorporate the latest advances in input-output analysis, thus offering the reader a reference unique for students, professionals, researchers and policy makers around the world.' José M. Rueda-Cantuche, European Commission Joint Research Centre'Since the publication of the second edition of this book, the world changed rapidly when production activities became organized in global value chains and we started to realize that our consumption at home also had environmental consequences on the other side of the globe. To handle the new circumstances, today's analyses require global input-output tables and models. This new, third edition includes a discussion of such tables and models, and their application to relevant issues such as climate change and international trade. In other words, the input-output textbook is up-to-date again.' Erik Dietzenbacher, University of Groningen'The expanding community of scholars and practitioners who have used the prior two editions will welcome the addition of a third version that addresses the increasing use of input-output systems in environmental and trade modeling, with attention to life-cycle analysis and value chains. This edition retains the book's stature as an amazingly valuable digestion of an ever-expanding literature that is presented in a logical and clear fashion.' Geoffrey J.D. Hewings, University of Illinois'It is highly difficult if not impossible for input-output researchers to write a new textbook on the field, because they already have at hand Input-Output Analysis: Foundations and Extensions. This book is so comprehensive in coverage and continuously evolving for updates, allowing very little room for other scholars to supplement. The book also embraces readers of differing levels and areas of interest, from university undergraduates to professionals, from trade economists to environmental analysts, which again makes it hard to imagine a substitute of any kind. The book is really a must-read literature.' Satoshi Inomata, The President of the International Input-Output Association & Chief Senior Researcher of Institute of Developing Economies, JETROTable of Contents1. Introduction and overview; 2. Foundations of input-output analysis; 3. Input-output models at the regional level; 4. Organization of basic data for input-output models; 5. The commodity-by-industry approach in input-output models; 6. Multipliers in the input-output model; 7. Supply-side models, linkages, and important coefficients; 8. Decomposition approaches; 9. Nonsurvey and partial-survey methods – fundamentals; 10. Nonsurvey and partial-survey methods – extensions; 11. Social accounting matrices; 12. Energy input-output analysis; 13. Environmental input-output analysis; 14. Mixed and dynamic models; 15. Additional topics; Postscript.

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Book SynopsisCan foreign capital empower dictatorship? This groundbreaking book develops a unified theory that links three prominent forms of international capital to the endurance of dictatorships. International capital empowers governments to finance two key instruments of non-democratic politics: repression and patronage.The Perils of International Capitaluses theory, case studies, and cross-national statistical evidence to demonstrate causal effects between foreign capital and authoritarian politics. These finding are crucial to scholars and policymakers alike, as they call for a recalibration of the welfare effects associated with greater financial globalization. Ahmed reveals that, while foreign capital may improve economic development, it can tragically hinder democratic governance in the process.Trade Review'Faisal Z. Ahmed's study reveals how dictatorships seek foreign capital to sustain their grip on power. previous studies have focused on specific types of capital, such as foreign aid, Ahmed provides a clear, integrated treatment of three major sources: aid, direct investments, and remittances. His conclusion, that these capital flows serve dictatorships in strikingly different ways, is an important contribution to international political economy.' Charles Lipson, Peter B. Ritzma Professor Emeritus of Political Science, University of Chicago'Ahmed provides a marvelous multi-method account of how political institutions mediate the international transfer of funds to governments, people, and firms. His theory emphasizes variation in incentives to governments depending on regime type, and his method engages rich statistical evidence, illustrative cases, and careful attention to endogeneity. The Perils of International Capital specifically focuses on autocracies and documents how capital flows in the form of foreign aid, remittances, and foreign direct investment bolster dictatorships. This is an accomplishment in itself. However, the major achievement of the book is in taking us a major step forward to a deeper and fuller comparative understanding of the effects of contemporary globalization.' Margaret Levi, Director of the Center for Advanced Study in the Behavioral Sciences, Stanford University, California'Scholars of globalization have long thought that openness to capital flows would prove destabilizing to the world's authoritarian regime. The Perils of International Capital shows that the opposite is true, providing a unified theoretical account explaining how foreign sources of financing - aid, remittances, and investment - in fact stabilize authoritarian regimes. Applying rigorous statistical tools to a global dataset, and sensitive to the challenges of causal inference, this book is an essential contribution to the international political economy of authoritarianism and democratization.' Thomas Pepinsky, Cornell University'A good book does not close the conversation, but opens it. Faisal Ahmed has written a really good book, opening a conversation about the influence of foreign capital on non-democratic governments.' Erik Jones, SurvivalTable of Contents1. The politics of international capital; 2. International capital and authoritarian survival: a descriptive overview; 3. Foreign rents and rule; 4. Aiding repression; 5. Remittances and autocratic power; 6. Foreign investments in militarism; 7. Conclusion.

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Book SynopsisCoevolution in economic systems plays a key role in the dynamics of contemporary societies. Coevolution operates when, considering several evolving realms within a socioeconomic system, these realms mutually shape their respective innovation, replication and/or selection processes. The processes that emerge from coevolution should be analyzed as being globally codetermined in dynamic terms. The notion of coevolution appears in the literature on modern innovation economics since the neo-Schumpeterian inception four decades ago. In this Element, these antecedents are drawn on to formally clarify and develop how the coevolution notion can expand the analytical and methodological scope of evolutionary economics, allowing for further unification and advance of evolutionary subfields.Table of Contents1. Introduction; 2. Coevolution: A Key Concept for Evolutionary Economics; 3. Coevolution in Markets; 4. Coevolution of Technology and Institutions: Growth; 5. Capitalism and Democracy in Coevolution; 6. Synthesis and the Road Ahead; Appendix A; Appendix B; References.

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Book SynopsisNow in its third edition, this core textbook for advanced undergraduate, graduate, and postgraduate students combines analytical rigour and managerial insight on the functioning and strategy of large multinational enterprises (MNEs). Verbeke and Lee develop an original conceptual model that supports student learning by providing an integrated perspective, rooted in theory and practice. The discussion also includes unique commentaries on seventy-four seminal articles published in theHarvard Business Review, theSloan Management Review,and theCalifornia Management Reviewover the past four decades, demonstrating how the key insights can be applied to real businesses engaged in international expansion programmes, especially as they venture into high-distance markets. This third edition has been thoroughly updated and features new sections on multinational entrepreneurship, strategic challenges in the new economy, and international business strategy during globally disruptive events, including the COVID-19 pandemic. Students will benefit from updated case studies, improved learning features, and a wide range of online resources.Trade Review'This revised edition of Alain Verbeke's textbook builds on the strengths of the very first edition, and continues to stand out from other textbooks in two respects. First, the analytical framework summarizing the nature of international business presented in the first half of the book is consistently used in all subsequent chapters. Second, this conceptual toolkit helps students to understand the complexities of international business in the real world.' Sjoerd Beugelsdijk, Professor of International Business, University of GroningenTable of ContentsList of figures; List of tables; About the authors; Foreword from Jean-François Hennart; Acknowledgements; List of abbreviations; Walkthrough; Introduction and overview of the book's framework; Part I. Core Concepts; 1. Conceptual foundations of international business strategy; 2. The critical role of firm-specific advantages; 3. The nature of home country location advantages; 4. The problem with host country location advantages; 5. Combining firm-specific advantages and location advantages in a multinational network; Part II. Functional Issues; 6. International innovation; 7. International sourcing and production; 8. International finance; 9. International marketing;10. Managing managers in the multinational enterprise; Part III. Dynamics of Global Strategy; 11. Entry mode dynamics 1: Foreign distributors; 12. Entry mode dynamics 2: Strategic alliance partners; 13. Entry mode dynamics 3: Mergers and acquisitions; 14. The role of emerging economies; 15. Emerging economy multinational enterprises; 16. Multinational entrepreneurship; 17A. International strategies of corporate social responsibility; 17B. International strategies of corporate environmental sustainability; Conclusion: The true foundations of global corporate success; Notes; Index.

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Book SynopsisProject Gutenberg is lauded as one of the earliest digitisation initiatives, a mythology that Michael Hart, its founder perpetuated through to his death in 2011. In this Element, the author re-examines the extant historical evidence to challenge some of Hart's bolder claims.Table of Contents1. Introduction; 2. Mythological Origins; 3. Ideology; 4. Technological Platforms; 5. Platform Governance; 6. Digital Publishing Collective; 7. Anti-Platform: Project Gutenberg's Lasting Influence; Cast of Characters; Timeline.

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Book SynopsisThe field of economics has proliferated in complexity and importance since the Second World War. Alessandro Roncaglia recounts the history of the different approaches (marginalist, neoclassical, Keynesian, Austrian, monetarism, rational expectations, institutionalist, evolutionary, classical-Sraffian) and the different fields (micro, macro, money and finance, industrial and game theory, institutions, public finance, econometrics), illustrating the thought and personality of the most important contemporary economists (from Hayek to Sraffa, from Modigliani and Samuelson to Friedman, from Simon to Sen, and many others), focusing on the conceptual foundations of the different streams. At the same time he appraises critically the important debates and controversies in the field and concludes by discussing possible future directions for economic thought. This follow-up to The Wealth of Ideas: A History of Contemporary Economic Thought is a readable introduction to the contemporary economics Trade Review'Professor Roncaglia is one of the world's leading authorities on the history of economic thought. He has written intellectual biographies of William Petty and Piero Sraffa, and a recent magnus opus – The Wealth of Ideas: A History of Economic Thought. This new book is a worthy sequel, with extended detail on more recent developments in the history of economic thought, and beautifully written. The book should be essential reading for any serious economist who wants to master the origins and historical progress of their discipline.' A. P. Thirlwall, University of Kent'Alessandro Roncaglia provides a masterly survey of a field of enquiry – contemporary economic research from the Second World War to the present day – characterized by great breadth and complexity. His inquiry into their interrelations and the underlying philosophies of the fragmented landscape of modern economics combines highly scholarly investigation with passionate denunciation of its limits. An indispensable teaching aid and guide through the meanderings of the economic profession of our times.' Maria Cristina Marcuzzo, Sapienza, Università di Roma'Alessandro Roncaglia has crafted a tour de force. The Age of Fragmentation is a most worthwhile book, one that should be read by all economists no matter what their theoretical orientation is. Roncaglia demonstrates a vast storehouse of knowledge, acute analytical abilities, and sensible critical faculties.' John F. Henry, Levy Economics Institute of Bard College'… The reader can appreciate the bigger picture behind the usually fragmented approach to studying economics through his work. In addition, the often unseen and unappreciated threads linking the various economic schools of thought can be well appreciated as the author goes into great detail to present the growth of economic thought chronologically, providing the historical and political factors that shaped the various approaches.' Jiarui Wu, History of Economic Thought and PolicyTable of Contents1. Introduction. A non-linear discourse; Part I. The Background: 2. The foundations: classicals and marginalists; 3. The immediate precursors; Part II. The Giants of the Short Century: 4. The founder of neo-liberalism: Friedrick von Hayek; 5. The revolutionary: Piero Sraffa; Part III. The Fragmentation of the Mainstream: 6. The new microeconomics: general equilibrium and expected utilities, theory of industrial organization; 7. The macroeconomics of the neoclassical synthesis; 8. The myth of the invisible hand: neo-liberal streams; 9. Applied economics and econometrics; Part IV. The Weakening of the Paradigm: 10. Behavioural economics and bounded rationality; 11. From efficient financial markets to the theory of crises; Part V. Is a New Paradigm Possible?: 12. Post-Keynesian macroeconomics; 13. Marxism, evolutionism, institutionalism; 14. Ethics and the problem of power.

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Book SynopsisSince the publication of its first edition, this textbook has been the prime choice of teachers and students alike, due to its clear and detailed explanation of the basic principles of the multilateral trading system and the law of the World Trade Organization (WTO). The fifth edition continues to explore the institutional and substantive law of the WTO. It has been updated to incorporate all new developments in the WTO''s ever-growing body of case law. Moreover, each chapter includes a ''Further Readings'' section to encourage and facilitate research and discussion on the topics addressed. As in previous editions, each chapter also features a summary to reinforce learning. Questions, assignments, and exercises on WTO law and policy are contained in an online supplement, updated regularly. This textbook is an essential tool for all WTO law students and will also serve as a practitioner''s introductory guide to the WTO.Table of Contents1. International trade and the law of the WTO; 2. The World Trade Organization; 3. WTO dispute settlement; 4. Most-favoured-nation treatment; 5. National treatment; 6. Tariff barriers; 7. Non-tariff barriers; 8. General and security exceptions; 9. Economic emergency exceptions; 10. Regional trade exceptions; 11. Dumping; 12. Subsidies; 13. Technical barriers to trade; 14. Sanitary and phytosanitary measures; 15. Intellectual property rights; Index.

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Book SynopsisAs we interact online we are creating new kinds of knowledge and community. How are these communities formed? How do we know whether to trust them as sources of information? In other words, Should we believe Wikipedia? This book explores what community is, what knowledge is, how the internet facilitates new kinds of community, and how knowledge is shaped through online collaboration and conversation. Along the way the author tackles issues such as how we represent ourselves online and how this shapes how we interact, why there is so much bad behavior online and what we can do about it. And the most important question of all: What can we as internet users and designers do to help the internet to bring out the best in us all?Trade Review'This book reminds us of conversations we're not having about online life - with family, friends, with our political representatives - because we don't know where to start. The Internet seems so opaque, that we don't know to get traction on our concern that it no longer serves our human needs. This welcome volume suggests entry points for designers and users - to start those necessary conversations about how to make online life serve our emotional and social purposes. Both scholarly and down-to-earth, filled with compelling examples, it is a textbook for classrooms, dinnertables, and policy discussions.' Sherry Turkle, MIT, Author of The Empathy Diaries, Reclaiming Conversation, Alone Together, and Life on the Screen'Should you believe Wikipedia? is an extremely useful book about the positive aspects of life online: supportive online communities, social construction of knowledge, online collaboration, the ways online communities can create and harvest social capital, how to safely and productively use Wikipedia, and more. With so much news and speculation about what is wrong about life online, this book from an OG participant and academic expert is a welcome and well-documented argument for all the good things life online can do. I would give it to every high school graduate.' Howard Rheingold, Author of Net Smart and The Virtual Community'Simply brilliant! Bruckman brings together abstract, sociological and psychological perspectives to articulate a science of online community design. Should You Believe Wikipedia? combines practical skills and theoretical understanding to implement and evaluate the social platforms of the future. This work sets the bar for what students of human-computer interaction need to understand and do to address the societal challenges brought by the ubiquity of online interactions.' Keith N. Hampton, Department of Media and Information, Michigan State University'From its birth, Amy Bruckman has understood and explained the Net. This book, both practical and theoretical, offers the most mature account that we have of how community online gets made and corrupted. At a moment when the hope of the Internet has faded for so many, this clear and powerful work gives us at least a path back, and a reason to pursue it.' Lawrence Lessig, Harvard Law School'Ultimately, the effect of reading Should You Believe Wikipedia? is like spending time with the smartest person you know. Bruckman is an excellent guide, and weaves together concepts from diverse sources into a coherent whole … In this excellent volume, Bruckman provides the background, philosophical tools, and encouragement to allow us to work towards a better world, and that is a gift in itself.' Andrew D. Miller, Computer Supported Cooperative Work'Educators interested in developing inclusive, socially just online learning experiences that are also informed by Internet culture and social institutions would not go wrong with Should You Believe Wikipedia? Online Communities and The Construction of Knowledge … as a place to start.' Naomi Barnes, Postdigital Science and EducationTable of ContentsAcknowledgments; Introduction; 1. Are online “communities” really communities?; 2. What can online collaboration accomplish?; 3. Should you believe Wikipedia?; 4. How does the internet change how we think?; 5. How do people express identity online, and why is this important for online interaction?; 6. What is bad online behavior, and what can we do about it?; 7. How do business models shape online communities?; 8. How can we help the internet to bring out the best in us all?

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Book SynopsisFor rulers whose territories are blessed with extractive resources - such as petroleum, metals, and minerals that will power the clean energy transition - converting natural wealth into fiscal wealth is key. Squandering the opportunity to secure these revenues will guarantee short tenures, while capitalizing on windfalls and managing the resulting wealth will fortify the foundations of enduring rule. This book argues that leaders nationalize extractive resources to extend the duration of their power. By taking control of the means of production and establishing state-owned enterprises, leaders capture revenues that might otherwise flow to private firms, and use this increased capital to secure political support. Using a combination of case studies and cross-national statistical analysis with novel techniques, Mahdavi sketches the contours of a crucial political gamble: nationalize and reap immediate gains while risking future prosperity, or maintain private operations, thereby passing Trade Review'Political survival is essential to rulers. In this thoughtful and far-ranging new book, Paasha Mahdavi shows exactly how rulers use control over energy and mining companies to advance their own political survival – often at the peril of their own people and the planet.' David Victor, University of California, San Diego'This is a very interesting and provocative book on a timely and important topic. It should be read with great interest by academics, policymakers, and students. It speaks to issues that concern comparative political science, international relations, industrial organization, and macroeconomics. The best part about it is that it transcends stale debates about whether there is or is not a resource curse; rather, Mahdavi looks at the causes and consequences of state run oil companies with fresh eyes and exploits original data to make a truly nuanced argument. In doing so, he has really pushed the ball forward and, hopefully, opened up a new research agenda. Bravo!' Victor Menaldo, University of Washington'Mahdavi's Power Grab offers perhaps the most comprehensive and sophisticated analysis of oil nationalisation and re-nationalisation to date. By focusing on political leaders' perceptions of their probability of survival in oil rich states, it identifies an important paradox in the decision to nationalize: weaker leaders nationalize to bolster their power and become stronger as a result due to greater access to oil revenues, and yet, strong leaders opt not to nationalize, which serves to weaken their power by limiting their access to oil revenue. Power Grab thus offers important insight into the relationship between state ownership of the oil sector and regime survival.' Pauline Jones, Director, International Institute, University of Michigan'Challenging conventional understandings of resource nationalization as the domain of strong rulers whose tenures are secure, Paasha Mahdavi carefully maps out and then demonstrates how much nationalization is in fact a strategy borne of political insecurity. Power Grab deftly weaves cross-national econometrics and carefully crafted comparative historical analysis to show how. Mahdavi's analysis of the domestic and global-economic milieu in which leaders like Qaddafi gambled on, and won through, resource seizures, represents an ambitious and formidable new scholarly voice in the study of resource politics.' Benjamin Smith, University of FloridaTable of Contents1. The puzzle of extractive resource nationalization; 2. The theory of political survival through nationalization; 3. Defining and measuring operational nationalization; 4. Why nationalize? Evidence from national oil companies around the world; 5. NOCs, oil revenues, and leadership survival; 6. The dynamics of nationalization in Pahlavi Iran; 7. Conclusion: the implications of nationalization.

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