Economic growth Books

Book SynopsisProvides a simple framework to organize the debate on what we should do for the future. This title outlines the basic theory of the discount rate and the various arguments that favor using a smaller discount rate for more distant cash flows. It offers a suitable framework for dynamic problems and decision making.Trade Review"Pricing the Planet's Future is a technically adept compendium of ideas on social discounting in an uncertain world, seen through the lens of the discounted utilitarianism and the Ramsey framework... [T]he book is not necessarily for the faint-hearted newcomer to intergenerational issues. Yet it will serve as an excellent accompaniment to the previous texts in this area, ... and as a clarifying resource for the technician or policymaker entering into the ever advancing literature on social discounting."--Ben Groom, Journal of Economic Literature "For readers with the appropriate technical background the book provides a very good introduction to the research frontier. Incorporating uncertainty into long-run project evaluation and discounting is certainly a central component of a more satisfactory approach to decision making, and Gollier's contributions are required reading for those wishing to understand the issues involved."--Antony Millner, Environment and Planning Government and PolicyTable of ContentsPreface vii Introduction 1 Part I: The Simple Economics of Discounting 1 Three Ways to Determine the Discount Rate 17 2 The Ramsey Rule 26 3 Extending the Ramsey Rule to an Uncertain Economic Growth 41 Part II: The Term Structure of Discount Rates 4 Random Walk and Mean-Reversion 61 5 Markov Switches and Extreme Events 74 6 Parametric Uncertainty and Fat Tails 84 7 The Weitzman Argument 98 8 A Theory of the Decreasing Term Structure of Discount Rates 111 Part III: Extensions 9 Inequalities 131 10 Discounting Non-monetary Benefits 149 11 Alternative Decision Criteria 168 Part IV: Evaluation of Risky and Uncertain Projects 12 Evaluation of Risky Projects 185 13 The Option Value of Uncertain Projects 203 14 Evaluation of Non-marginal Projects 215 Global Conclusion 225 Index 227

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Book SynopsisThe reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. This title explains how people in financial careers - from CEO, investment manager, and banker to insurer, lawyer, and regulator - can and do manage, protect, and increase these assets.Trade ReviewRobert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2012 Business Book Award in Finance & Economics, 800-CEO-READ Winner of the 2012 PROSE Award in Business, Finance & Management, Association of American Publishers Winner of the 2013 Bronze Medal Book Award in Economics, Axiom Business One of Choice's Outstanding Academic Titles for 2012 Shortlisted for the 2012 Best Finance Books in China, Caijing Magazine "Reading his book is like wandering through an interesting garden... [T]he best passages in this book make a persuasive case for a fresh view of an industry that is too glibly demonized. The most promising way to promote the good society, Shiller says, is not to restrain finance but to release it."--Sebastian Mallaby, New York Times Book Review "[R]igorous... Shiller presents a helpful taxonomy, and is convincing in his defence of insurers, financial advisers, and (some) bankers. He is good at relating even some of the more obscure and complex trading strategies to real world problems."--Howard Davies, Times Literary Supplement "Shiller, professor of economics at Yale and author of the best-selling Irrational Exuberance, examines the future of finance in this timely new book. Recognizing the anger of many Americans--as evidenced in part by the rise of the Occupy movement--Shiller suggests that the way to fix our increasingly unequal society is through the 'democratization' and 'humanization' of finance."--PublishersWeekly.com Online Review "Finance is in need of a little redemption. In his priestly new book, Finance and the Good Society, Mr. Shiller ... sets out to provide it. He argues convincingly that finance can, should and usually does make the world a better place... As an advocate for the financial system ... he is wonderfully persuasive because he never plays down the problems... Mr. Shiller reminds us of the profound importance of finance to making our society work."--Robin Harding, Financial Times "[S]hiller comes across as pragmatic as well as visionary, explaining how much financial capitalism has done for society and how much more it could do if harnessed for the common good."--James Pressley, Bloomberg News "[W]hile many have damned the finance industry for rampant self-interest and a tendency to prey on people's flawed thinking for its own benefit, Shiller wants to overhaul it to make sure finance serves the greater good. The key, he says, in his new book, Finance and the Good Society, is to democratize finance--giving the rest of us access to the tools and techniques that rich folks have used for decades to raise capital and protect themselves from risk."--Drew DeSilver, Seattle Times "[F]inance and the Good Society is so contrarian as to be shocking--all the more so because its author, Robert Shiller, is no head-in-the-sand capitalist nor a highly paid Wall Street shill... [A]t a time ... when fear is curbing financial innovation and the political climate could 'prevent financial capitalism from progressing in ways that could benefit all citizens,' Mr. Shiller's sensible message demands urgent attention."--Economist "Shiller has sought to prove what most of us were prepared to assume: finance may not be the great saviour that will create good society in the Utopian sense, but a society that truly seeks to be good will find in finance a willing partner that can help it achieve its goals. If you are looking for a social revolution, you will not find it in Finance and the Good Society but if you are planning a social revolution you should definitely read this book first."--Financial World "[D]eeply intelligent and elegantly argued."--BizEd "If Francois Hollande really believes finance is an enemy of society, he should read Robert J. Shiller."--Tim King, European Voice "What present would you give to the man who stands on the threshold of the elysee Palace--a man who has almost everything? A copy of Robert Shiller's Finance and the Good Society might be a timely present... [A] stimulating book."--European Voice "Extensively citing history, philosophy, psychology, neuroscience, and behavioral science, the book convincingly calls for better fiscal education and claims that greater knowledge will lessen resentment and inequality, improve comprehension, and facilitate 'the good society.' An excellent resource for readers interested in understanding and improving financial capitalism."--Library Journal "Robert Shiller makes a bold but convincing plea to reform the present financial system and use its power for the benefit of society as a whole."--Arab News "Shiller has won a deserved reputation as being among the world's most prescient analysts of financial excesses. When he defends finance, we should pay attention."--Martin Wolf, Prospect "Shiller argues his case skilfully and persistently, and with a wealth of quirky and interesting examples."--Lord Skidelsky, Management Today "What is great about the book, and surprising I suppose, is that Dr. Shiller spends a great deal of time explaining why the practice of modern finance is mostly good... Honestly, it's worth the price of the book just to read an outstanding explanation of why Derivatives Providers, Financial Engineers, and Mortgage Securitizers aren't inherently evil... [T]his is an even-handed book that makes a distinction that has been rarely made in the post-crisis witch-hunt: Hate the sin, love the sinner. The people involved in finance are, in general, good people and the structures, in general, work well most of the time. Improvements can be made, and when the serial crises are over in a few years, hopefully we can discourse intelligently on these improvements. Dr. Shiller has made a good contribution to that discourse with this book."--Inflation Trader, SeekingAlpha "In Finance and the Good Society, the Yale economist comes to praise finance, not to bury it... After examining the often unappreciated value contributed by finance professionals, Shiller reminds us that finance has already helped build a better world through inventions like amortizing mortgages, and mutual funds."--CFO Magazine "Shiller, author of The Subprime Solution and Irrational Exuberance and an originator of the Case-Shiller Home Price Indices, has written a timely, readable book, the product of teaching finance for 25 years. Unlike so many recent books stimulated by the financial disruptions that started in 2007, it does not vilify the current system of financial capitalism but instead attempts to inform readers... Judging from the book, Shiller's students are very fortunate."--Choice "Robert Shiller deserves much praise for trying to restore balance to public discussion of contemporary finance. His task is not easy, but he carries it off clearly, succinctly and with great hope for the possibilities of reformed finance. His focus on 'the good society' is absolutely correct: to build the better society that philosophers and social scientists have sought for ages, we badly need a financial system that works, not only for big business but for all of us."--Joel Campbell, International Affairs "Finance and the Good Society makes clear that Shiller is at heart an egalitarian who wants the financial industry to become more humane and inclusive in order to serve the common good. Some readers may regard the book as a public relations treatise for the industry or may object to his advocacy of an economy closer to the European model, with reduced income inequality. Few would deny, however, that Shiller floats novel ideas that deserve further scrutiny and debate."--Murad J. Antia, Financial Analysts Journal "This book will appeal to a much wider audience than ... might suggest, however, with the easy flow, readability and wisdom that come hand-in-hand with being a bestselling author and professor of economics at Yale. Shiller demonstrated the same eloquence and clarity when he forewarned the public about the 2000 stock market and the 2008 sub-prime bubbles."--Tracey Zalk, Actuary "For the public, the book succeeds in providing a highly credible case for viewing finance as integral to the goals of the good society... For professional economists who know Shiller's work, the big ideas will be familiar, but there is fun to be had in the footnotes."--Erin Todd Bronchetti, Journal of Economic LiteratureTable of ContentsPreface to the Paperback Edition vii Preface xiii Introduction: Finance, Stewardship, and Our Goals 1 Part One - Roles and Responsibilities 1. Chief Executive Offi cers 19 2. Investment Managers 27 3. Bankers 37 4. Investment Bankers 45 5. Mortgage Lenders and Securitizers 50 6. Traders and Market Makers 57 7. Insurers 64 8. Market Designers and Financial Engineers 69 9. Derivatives Providers 75 10. Lawyers and Financial Advisers 81 11. Lobbyists 87 12. Regulators 94 13. Accountants and Auditors 100 14. Educators 103 15. Public Goods Financiers 107 16. Policy Makers in Charge of Stabilizing the Economy 111 17. Trustees and Nonprofi t Managers 119 18. Philanthropists 124 Part Two- Finance and Its Discontents 19. Finance, Mathematics, and Beauty 131 20. Categorizing People: Financiers versus Artists and Other Idealists 135 21. An Impulse for Risk Taking 139 22. An Impulse for Conventionality and Familiarity 143 23. Debt and Leverage 151 24. Some Unfortunate Incentives to Sleaziness Inherent in Finance 159 25. The Signifi cance of Financial Speculation 168 26. Speculative Bubbles and Their Costs to Society 178 27. Inequality and Injustice 187 28. Problems with Philanthropy 197 29. The Dispersal of Ownership of Capital 209 30. The Great Illusion, Then and Now 219 Epilogue: Finance, Power, and Human Values 231 Notes 241 References 257 Index 273

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Book SynopsisTrade Review"Winner of the 2018 Schumpeter Prize Competition, International Joseph A. Schumpeter Society""A rare breadth of economic analysis."---Paschal Donohoe, Irish Times"Best discerns and deciphers key economic trends at critical junctures in world history, and we should warmly welcome his willingness to sacrifice many of the sacred cows of economics on the altar of greater understanding."---Michael M. Rosen, Weekly Standard"A wonderful analysis of how regions catch up and shape the industrial frontier through the capability triad."---Rajah Rasiah, Asia Pacific Business Review"Best shows that overlooking production in economics has led to a major misunderstanding of how the economy grows in the real world." * Choice *

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Book SynopsisTrade Review"Winner of the 2018 Schumpeter Prize Competition, International Joseph A. Schumpeter Society""A rare breadth of economic analysis."---Paschal Donohoe, Irish Times"Best discerns and deciphers key economic trends at critical junctures in world history, and we should warmly welcome his willingness to sacrifice many of the sacred cows of economics on the altar of greater understanding."---Michael M. Rosen, Weekly Standard"A wonderful analysis of how regions catch up and shape the industrial frontier through the capability triad."---Rajah Rasiah, Asia Pacific Business Review"Best shows that overlooking production in economics has led to a major misunderstanding of how the economy grows in the real world." * Choice *

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Book SynopsisMost of us who live in the North and the West consume far too much - too much meat, too much fat, too much sugar, too much salt. We are more likely to put on too much weight than to go hungry. We live in a society that is heading for a crash. We are aware of what is happening and yet we refuse to take it fully into account.Trade Review"I would like to use the opportunity of this review to urge readers to take up Latouche's remarkable book." Sustainability, Science, Practice, and Policy "This little book is a pleasure to read. It is critical, contrarian, informative and provocative. Latouche advances a coherent set of proposals for reversing the treadmill of an ever-more insistent growth dynamic in favour of a more serene existence based on quality of life, solidarity and respect for the environment." Bob Jessop, University of LancasterTable of ContentsForeword Introduction 1 The Territory of De-Growth A UFO in the Microcosm of Politicking What is De-Growth? A Battle over Ideas and Words The Two Sources of De-Growth The Green Algae and the Snail An Unsustainable Ecological Footprint A False Solution: Reducing the Population 2 A Concrete Utopia The De-Growth Revolution The Virtuous Circle of Quiet Contraction De-Growth as a Local Project Is Reducing Growth a Retrograde Step? De-Growth: A Challenge for the South Is De-Growth Reformist or Revolutionary? 3 A Political Programme An Electoral Programme Jobs for All in a De-Growth Society De-Growth: Behind the Work-Based Society Is De-Growth Soluble in Capitalism? Is De-Growth a Right-Wing Policy or a Left-Wing Policy? Do We Need a De-Growth Party? Conclusion References

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Book SynopsisMost of us who live in the North and the West consume far too much - too much meat, too much fat, too much sugar, too much salt. We are more likely to put on too much weight than to go hungry. We live in a society that is heading for a crash. We are aware of what is happening and yet we refuse to take it fully into account.Trade Review"I would like to use the opportunity of this review to urge readers to take up Latouche's remarkable book." Sustainability, Science, Practice, and Policy "This little book is a pleasure to read. It is critical, contrarian, informative and provocative. Latouche advances a coherent set of proposals for reversing the treadmill of an ever-more insistent growth dynamic in favour of a more serene existence based on quality of life, solidarity and respect for the environment." Bob Jessop, University of LancasterTable of ContentsForeword Introduction 1 The Territory of De-Growth A UFO in the Microcosm of Politicking What is De-Growth? A Battle over Ideas and Words The Two Sources of De-Growth The Green Algae and the Snail An Unsustainable Ecological Footprint A False Solution: Reducing the Population 2 A Concrete Utopia The De-Growth Revolution The Virtuous Circle of Quiet Contraction De-Growth as a Local Project Is Reducing Growth a Retrograde Step? De-Growth: A Challenge for the South Is De-Growth Reformist or Revolutionary? 3 A Political Programme An Electoral Programme Jobs for All in a De-Growth Society De-Growth: Behind the Work-Based Society Is De-Growth Soluble in Capitalism? Is De-Growth a Right-Wing Policy or a Left-Wing Policy? Do We Need a De-Growth Party? Conclusion References

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Book SynopsisTranslated by David Fernbach The 21st century will be the century of Africa. This continent was once seen as empty, rural, animist, poor, and forgotten by the world. Now, fifty years after independence, it is full to bursting, urban and monotheist. If poverty and violence are still rampant, economic growth has taken off again and a middle class is developing. Africa will hold a central place in the big issues facing the world today. If it once made a false start', here it is back again in the fast lane. The West has missed the turnaround of a continent that will no longer wait for us. How can we best understand it? Demography, economics, politics, diplomacy, cultures and religions this book presents the different facets of this new Africa, which will soon have a billion people, at the mid point of the most rapid population boom that humanity has ever known. Without ignoring the risks of its metamorphosis, it brings to light the forces and hopes that Africa harbors.Trade Review"A wake-up call. Its message is simple: look out world, here comes Africa." Wall Street Journal "Clearly conceived, cleanly structured, tightly written and lucidly expressed. A highly readable text." European Voice "Their optimistic analysis of the continent and its inhabitants should be read by all who are interested in looking at Africa with a fresh and different perspective." African Security Review "A significant book for those interested in questions of economic and cultural change." The Age "Africa's Moment has the great value of underlining that Africa's future is indeed in the hands of Africans." South World "A timely and positive assessment of Africa's prospects founded upon deep understanding and a distinctive perspective." Paul Collier, University of Oxford "The West is wedded to a retrograde vision of Africa's past and know nothing of its present, even less of its future. This unprecedented book forces revision of that outlook by addressing a world, just a few decades from now, where one in four human beings will be African." Keith Hart, University of LondonTable of Contents Acknowledgements Foreword by Paul Collier Introduction Part One: The Peopling of a Continent Chapter 1: Who Wants to Be a Billionaire? Chapter 2: Malthus on CNN Part Two: Africa on the Move Chapter 3: A Black Peril? Chapter 4: Crowded Roads Part Three: Africa Versus Growth Chapter 5: The Undiscoverable Curse Chapter 6: The Great Wheel of Growth Part Four: When Africa Awakes Chapter 7: The Great Clean-Up Chapter 8: Emerging Africa Part Five: God's Africa Chapter 9: Urban Compositions Chapter 10: Crescent and Cross Chapter 11: Switched-On Africa Chapter 12: The End of Ethnicity Chapter 13: African Democracy Part Six: One March, Three Directions Chapter 14: Countries of Rent, Countries in Danger Chapter 15: The Vanguard of Development Chapter 16: Fragile Africa: One Crisis After Another Part Seven: Africa, The World's Vitality Chapter 17: The End of Infinity Chapter 18: Light Against Darkness Chapter 19: The Hunger for Land Chapter 20: The Struggle for Man Part Eight: The Newcomer at the Feast of Nations Chapter 21: Africa Courted Chapter 22: Emerging Powers: Africa's New Exploiters? Chapter 23: Acknowledging Africa Conclusion Maps Notes Index

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Book SynopsisThe 21st century will be the century of Africa. How can we best understand it? Demography, economics, politics, diplomacy, cultures and religions, this book presents the different facets of this new Africa, which will soon have a billion people, at the mid point of the most rapid population boom that humanity has ever known.Trade Review"A wake-up call. Its message is simple: look out world, here comes Africa." Wall Street Journal "Clearly conceived, cleanly structured, tightly written and lucidly expressed. A highly readable text." European Voice "Their optimistic analysis of the continent and its inhabitants should be read by all who are interested in looking at Africa with a fresh and different perspective." African Security Review "A significant book for those interested in questions of economic and cultural change." The Age "Africa's Moment has the great value of underlining that Africa's future is indeed in the hands of Africans." South World "A timely and positive assessment of Africa's prospects founded upon deep understanding and a distinctive perspective." Paul Collier, University of Oxford "The West is wedded to a retrograde vision of Africa's past and know nothing of its present, even less of its future. This unprecedented book forces revision of that outlook by addressing a world, just a few decades from now, where one in four human beings will be African." Keith Hart, University of LondonTable of ContentsAcknowledgementsForeword by Paul CollierIntroductionPart One: The Peopling of a ContinentChapter 1 Who Wants to Be a Billionaire?Chapter 2 Malthus on CNNPart Two Africa on the MoveChapter 3 A Black Peril?Chapter 4 Crowded RoadsPart Three: Africa Versus GrowthChapter 5 The Undiscoverable CurseChapter 6 The Great Wheel of GrowthPart Four: When Africa AwakesChapter 7 The Great Clean-UpChapter 8 Emerging AfricaPart Five: God’s AfricaChapter 9 Urban CompositionsChapter 10 Crescent and CrossChapter 11 Switched-On AfricaChapter 12 The End of EthnicityChapter 13 African DemocracyPart Six: One March, Three DirectionsChapter 14 Countries of Rent, Countries in DangerChapter 15 The Vanguard of DevelopmentChapter 16 Fragile Africa: One Crisis After AnotherPart Seven: Africa, The World’s VitalityChapter 17 The End of InfinityChapter 18 Light Against DarknessChapter 19 The Hunger for LandChapter 20 The Struggle for ManPart Eight: The Newcomer at the Feast of NationsChapter 21 Africa CourtedChapter 22 Emerging Powers: Africa’s New Exploiters?Chapter 23 Acknowledging AfricaConclusionMapsNotesIndex

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Book SynopsisAlanoud al-Sharekh is the Director of Ibtkar Strategic Consultancy leading political, leadership and diversity training programs in Kuwait and the GCC region. She is chairperson of the Chaillot award winning Abolish 153 campaign to end honor killing legislations, and a cofounder of Mudhawis List, a platform to support women running for political office. Her research won the Arab Prize for best publication in a foreign journal in 2014, and includes books such as The Gulf Family, and Popular and Political Cultures of the Arabian Gulf States, examining the persistent importance of family and tribe in modern Gulf politics and society. She is currently a MENA Fellow at Chatham House and a Research Fellow at AGISW.Courtney Freer is Assistant Research Fellow at the Middle East Centre at the London School of Economics and Political Science. She is the author of Rentier Islamism: The Influence of the Muslim Brotherhood in Gulf Monarchies (2018).Trade ReviewInsightfully ... the book presents a historical, conceptual and digital understanding of tribal mechanisms in these states and represents an outstanding contribution to Gulf studies. * International Affairs *This book is essential for a meaningful understanding of the prevailing political, social and economic conditions of the countries of the Gulf Cooperation Council. An admirable contribution to the literature that will stand the test of time. -- Hossein G. Askari, Iran Professor of International Business and International Affairs, The George Washington University, USAA richly nuanced study of the changing relations of tribe and state in the Arabian Peninsula. The authors pose a fresh challenge to the prominent notion that the rentier state has significantly limited the role of independent actors, and especially tribes, in contributing to national identity formation in the Gulf region. A most welcome contribution that will attract the interest of scholars working across the social sciences. -- Philip S. Khoury, Ford International Professor of History, Massachusetts Institute of Technology, USAConcentrating on the impact of tribes in the three Gulf states with high income and small national populations, Freer and Alsharekh ably explain tribal importance in badu identity, electoral politics, and their continuing sociopolitical role -- J.E. Peterson, historian and political analystTable of ContentsTable of Contents Chapter One: Introduction Chapter Two: The Historical Relationship between Badu and Monarchies Chapter Three: Heritage Production and Branding of the Modern Badu in State Formation Chapter Four: The Social Evolution of the Tribe Chapter Five: Tribalisation of traditionally non-tribal actors and future impact of the resurgence of tribal rhetoric Chapter Six: Electoral Tribalism Chapter Seven: Tribal Intersections in the Digital Age Chapter Eight: Conclusion

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Book SynopsisA systematic and thorough comparison between Canada's and Britain's actions on climate change.Trade Review"When Green Growth Is Not Enough will inform a wide North American audience about European climate change and policy - we simply do not hear about this in conventional media and no similar debate takes place in Canada and the United States. We need this public discussion of what might be done and how we might do it." Robert Paehlke, Environmental and Resource Studies, Trent University

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Book SynopsisThe book offers an eclectic treatment of the human capital-economic growth nexus and uses state-of-the-art nonlinear econometric methods to provide an empirical assessment of the link between human capital and economic growth.Trade Review"The authors provide an in-depth investigation of the link between human capital and economic growth. They take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital." —Abstracts of Public Administration, Development, and Environment"This book imparts a deep understanding of the nexus between human capital and aggregate economic growth. By studying this book, you will have not only acquired the specific human capital knowledge to participate in the literature on human capital and growth, but will also have acquired general human capital knowledge that will improve your productivity in other economic areas." —Merwan H. Engineer, University of Victoria"The authors are excellent writers and experts on the topics they cover in this volume. They use an array of results to make the case that, indeed, human capital affects growth in a highly nonlinear way. There is nothing that is as extensive on the issue of human capital and economic growth as this book."—Chris Papageorgiou, Research Department of the International Monetary FundTable of ContentsPART I Introduction 1 Introduction to Human Capital and Economic 3 Growth 2 The Concept of Human Capital: A Brief 10 Historical Review PARTII Theoretical Research on Human Capital and Economic Growth 3 Theoretical Models of Human Capital and 27 Economic Growth 4 Human Capital and Endogenous Models of 53 Economic Growth 5 Threshold Effects, Multiple Equilibria, and 84 Nonlinearities in Human Capital and Economic Growth PARTIII The Empirics of Human Capital and Economic Growth 6 Empirical Studies on Human Capital and 107 Economic Growth 7 Human Capital and Economic Growth: Linear 156 Specifications 8 A Primer on Nonparametric Methods and Their 172 Application to Research in Human Capital and Economic Growth 9 Human Capital and Economic Growth: 193 Nonlinear Specifications Appendix: Nonparametric Methods 211 Glossary 217 Bibliography 221

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Book SynopsisTrade Review"Elsenhans and Babones critique development orthodoxies with aplomb, providing clear guidance on what can be done at a policy level. The authors' knowledge of relevant theory and debates, brought together with original data, results in an impressive synthesis of argument and evidence."—Robert Holton, Trinity College Dublin"Covering a wide range of theory and empirical evidence, this concise, critical survey chronicles the rise of the BRICS and the policy dilemmas that they face. Highly recommended."—Ray Kiely, Queen Mary University of London, author of The BRICs, US "Decline" and Global Transformations"This is a wonderful introduction to the critical policy problems facing the BRICS and to the wide-ranging and deeply insightful global political economy of Hartmut Elsenhans, one of the undersung giants in the field."—Craig N. Murphy, Wellesley College"This remarkable book provides a practical road map with theoretical underpinnings about how BRICS countries, despite enormous differences in their socio-political systems, can coalesce for the common goal of escaping the 'low or middle income trap.' The intellectual challenge that the authors pose to conventional market-oriented wisdom is a must-consider for concerned economists and politicians."—Amit Bhaduri, Jawaharlal Nehru University"This is a well-written book on a very important subject: the BRICS. At times provocative and controversial, it is most interesting and highly readable."—Lim Chong Yah, National University of Singapore and Nanyang Technological University"Are the BRICS caught in the middle-income 'trap,' facing a structural 'barrier' to further development? Through a detailed examination of the recent slowdown in these economies, this book offers a compelling theoretical analysis and a clear, actionable set of policies to overcome the barrier."—Jan Kregel, Director of Research, Levy Economics Institute, Bard CollegeTable of ContentsIntroduction 1. The BRICS Trajectories: Economic, Political, and Social 2. The Role of the State in Economic Development 3. Mass Demand as the Basis of Growth 4. Selective Links to the World Market Conclusion

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Book SynopsisThis "power-capital institution" based on three millennia of Confucian ideology and decades of Maoist communism exercises monopolistic control of public resources at the expense of civil society and social justice for the majority of citizens.The Price of China's Economic Development urges policymakers to alter their analytic lens.

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Book SynopsisSouth Africa, like many countries in Africa, is resource rich but the benefits are not shared by the whole population. High levels of unem-ployment are leading to increasing conflict and violence, undermining the brighter future hoped for when apartheid was abolished.Trade Review"Lateral ideas on tax raising to generate social justice for all South Africans whilst maintaining international investor confidence" Peter Hain // "The concept of community-created natural resource rentals as described ... does much to stimulate the basis for an expectation for finding and unleashing forces that could give rise to economic regenera-tion." Alex Anderson, Chairman of MIS Holdings // "This is an innovative proposal on taxation that simultaneously addresses the issues of equity, growth, job creation and tax efficiency. It goes beyond the theory and outlines practical steps that can be taken to a different taxation regime ..." JP Landman, Economic Advisor, Accelerated and Shared Growth Initiative for South Africa// "... abounds with new ideas ... they must be debated, for only in this manner can a solution to the crisis be found." Dr Thami Mazwai, University of Johannesburg // "[The authors] challenge us to totally rethink the nature of taxation." Kennedy Maxwell, past President, Chamber of Mines of South Africa // "For a country in search of inspiration, here's an idea that deserves a decent airing." Ciaran Ryan, Moneyweb // "A valuable contribution filled with sensible commentary that is well supported and well evidenced." Dr Adrian Saville, Chief Investment Officer, Cannon Asset ManagersTable of ContentsList of Figures; List of Tables; Acknowledgements; Foreword by Nobantu Mbeki; Preface: Collecting the resource rentals that belong to the people of South Africa; 1 Taxes, Please, or Else!; 2 Adam Smith, Godfather of Modern Taxation; 3 The Magic of Rental Collection and Tyranny of Taxation; 4 Problems and Precedents; 5 The Tangled Tentacles of Tyranny Revealed: Unpacking the Tax Burden; 6 Rental Collection: General; 7 Rental Collection: Special Cases; 8 Rental Collection: Mineral Resources; 9 Mining; 10 Legacy Rentiers, Luxuries and Polluters; 11 Commercial Agriculture; 12 Rural Areas; 13 Urban Areas; 14 Resource Rentals Budget for South Africa; 15 What About Me?; 16 Our Credit; 17 Why South Africa?; Appendix: Farm Land Values 2005-2006; Abbreviations; Bibliography; Glossary of Terms Used; Index

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Book SynopsisThis detailed book explores and provides insights into the development and transformation of various clusters, economies and industrial sectors in East and Southeast Asia.Trade Review‘The book is thus a useful addition to the large and growing literature involving industrial agglomeration and clustering in the dynamic geographic region of East Asia, particularly in an international setting. . . the collection is of value.’ -- Srikanta Chatterjee, World Economics Association NewsletterTable of ContentsContents: Preface 1. Cluster Policies and Entrepreneurial States in East Asia Alexander Ebner 2. Information and Communication Technology and Economic Growth of Four Asian Industrialized Economies Yanfei Li and Wai-Mun Chia 3. Industrial Agglomeration of Taiwanese Electronics Firms in Dongguan, China: Home Effects and Implications for Industrial Upgrading Felix Haifeng Liao, Karen Zhihua Xu and Bin Liang 4. The Rise of the Biomedical Cluster in Wonju, Korea Jun Koo and Jongmin Choi 5. The Global Economic Crisis as Leverage for Emerging Regional Growth Paths? Differentiated Evidence from China – Three Years Onwards Daniel Schiller and Henning Kroll 6. Technological Intensity of FDI in Vietnam – Implications for Future Economic Development and Emerging Clusters Curt Nestor 7. The Aircraft Industry as a Tool for Economic and Industrial Development – The Case of Indonesia Sören Eriksson 8. Foreign Knowledge Transfer in the Development of Aircraft Industry Clusters – The Case of Chengdu, China Sören Eriksson Index

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Book SynopsisToday, economic growth is widely understood to be conditioned by productivity increases which are, in turn, profoundly affected by innovation. This volume explores these key relationships between innovation and growth, bringing together experts from both fields to compile a unique Handbook.Table of ContentsContents: Preface 1. Introduction to the Handbook of Regional Innovation and Growth Philip Cooke, Bjørn Asheim, Ron Boschma, Ron Martin, Dafna Schwartz and Franz Tödtling PART I: REGIONAL INNOVATION THEORY Introduction Bjørn Asheim and Dafna Schwartz 2. Schumpeter and Regional Innovation Esben Sloth Andersen 3. Neo-Schumpeterian Perspectives on Innovation and Growth David Wolfe 4. Regional Agglomeration and Growth: The Classical Approach Eirik Vatne 5. Innovation, Product Life Cycle and Diffusion: Vernon and Beyond Gunther Tichy 6. Perspectives on Mature Marshallian Industrial Districts Marco Bellandi 7. The New Marshallian Districts and their Process of Internationalization Fiorenza Belussi PART II: REGIONAL INNOVATION AND GROWTH DYNAMICS Introduction Philip Cooke, Franz Tödtling and Dafna Schwartz 8. Innovation and Productivity: Local Competitiveness and the Role of Space Roberta Capello 9. Human Capital and Labour Mobility Determinants of Regional Innovation Daniel Felsenstein 10. The Geography of Knowledge Flows Stefano Breschi 11. Regional Innovation and Diversity Simona Iammarino 12. Networks of Innovation Elisa Giuliani 13. From Regional Anchors to Anchoring Lisa De Propris and Olivier Crevoisier PART III: REGIONAL INNOVATION AND EVOLUTION Introduction Ron Boschma and Ron Martin 14. Technological Relatedness, Related Variety and Economic Geography Ron Boschma and Koen Frenken 15. Regional Economies as Path-Dependent Systems: Some Issues and Implications Ron Martin 16. Absorptive Capacity in a Regional Context Maria Abreu 17. Regional Knowledge Networks Michael Steiner 18. Regional Competitiveness: From Endowments to Externalities to Evolution Ron Martin 19. Regional Cultural Economy: Evolution and Innovation Al James PART IV: AGGLOMERATION AND INNOVATION Introduction Philip Cooke and Bjørn Asheim 20. Proximity and Innovation Christophe Carrincazeaux and Marie Coris 21. The Changing Form and Geography of Social Capital Stuart Rosenfeld 22. Cluster Evolution Arne Isaksen 23. Transversality and Regional Innovation Platforms Philip Cooke 24. Technology Clusters Edward Malecki PART V: REGIONAL WORLDS OF INNOVATION Introduction Philip Cooke and Dafna Schwartz 25. Worlds of Production: Conventions and the Microfoundations of Regional Economies Peter Sunley 26. Culture as a Source for Growth and Change: Some Evidences from Cultural Clusters in Andalusia Luciana Lazzeretti 27. Service Innovation Yuko Aoyama and Rory Horner 28. Regional Services Innovation Philip Cooke 29. Open Innovation and Regional Growth Peter Prud’homme van Reine 30. Foreign Direct Investment and Regional Innovation Philip Cooke and Dafna Schwartz 31. Innovation Systems in Emerging Economies: The Case of India Scott Ptak and Sharmistha Bagchi-Sen 32. Green Innovation Philip Cooke PART VI: REGIONAL INNOVATION SYSTEM INSTITUTIONS Introduction Dafna Schwartz and Franz Tödtling 33. Regional Innovation Systems Franz Tödtling and Michaela Trippl 34. Intermediaries in Regional Innovation Systems: Role and Challenges for Policy Claire Nauwelaers 35. Regional Entrepreneurship Niels Bosma, Veronique Schutjens and Erik Stam 36. Venture Capital in Regional Innovation and Growth Jesper Lindgaard Christensen 37. Regional Entrepreneurship Development: Promoting Spin-offs through Coaching and Mentoring Magnus Klofsten and Staffan Öberg 38. Regional Innovation and Incubation: The Technological Incubators Programme for Entrepreneurship and Innovation Daniel Shefer and Amnon Frenkel PART VII: REGIONAL INNOVATION POLICY Introduction Philip Cooke and Ron Boschma 39. Regional Innovation Governance Martin Heidenreich and Knut Koschatzky 40. Learning Regions James Simmie 41. Regional Innovation Platforms Vesa Harmaakorpi, Tomi Tura and Helinä Melkas 42. Regional Innovation Policy and Dramaturgy Philip Cooke 43. Design-Driven Regional Innovation Philip Cooke and Arne Eriksson 44. Regional Innovation Policy between Theory and Practice Arnoud Lagendijk Index

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Book SynopsisAgainst the backdrop of the financial crisis that unfolded in 2008, this book deals with policy challenges going forward, focusing in particular on the ongoing catching-up process in Central, Eastern and South-Eastern European countries.Table of ContentsContents: Preface PART I: CATCHING-UP AND GROWTH PROSPECTS AFTER THE CRISIS 1. Challenges to European Economic Integration Vítor Constâncio 2. A Forward-looking View on Catching-up Strategies from an Austrian Angle Ewald Nowotny 3. Re-establishing Growth After the Crisis – Lessons from the Nordic Countries Seppo Honkapohja 4. Catching-up Prospects After the Crisis for the EU’s CESEE Region Kieran Mc Morrow and Werner Röger 5. Growth Prospects in the EU-10 Members States After the Crisis Dariusz K. Rosati 6. Neoclassicism in the Balkans Vladimir Gligorov 7. Unlocking Growth Potential in the Balkans Boštjan Jazbec and Albulenë Kastrati 8. The Catching-up Experience of the Western Balkans – the Cases of Serbia, FYR of Macedonia and Albania Michael Loufir PART II: POLICY CHALLENGES IN THE CESEE REGION AND BEYOND 9. Monetary Policy and Financial Stability: What’s Ahead for Central and Eastern Europe Stephen G. Cecchetti 10. Central Banking for the 21st Century: An American Perspective Paul A. Wachtel 11. Monetary Policy Challenges in the CESEE Region: Architecture for an Earthquake Zone Bas B. Bakker and Leslie Lipschitz 12. A Policy Recipe for Successful Convergence of CESEE Countries in the Post-crisis World Júlia Király, Attila Csajbók and Mihály András Kovács 13. Monetary Policy Challenges in the CESEE Region – the Case of Poland Marek Belka 14. Monetary Policy Challenges in the CESEE Region – the Case of Romania Christian Popa 15. Monetary Policy Challenges in the CESEE Region – the Case of Croatia Boris Vujčić 16. Challenges for Monetary and Exchange Rate Policy in CESEE Created by the Crisis: Back to Square One? Peter Mooslechner PART III: THE NEW ROLE OF FINANCIAL INTEGRATION, GROWTH FINANCING AND EXPORTS 17. Policy Perspectives on Financial Integration After the Crisis Ignazio Angeloni 18. The Need for an Enhanced Role of Local Supervisors and Shareholder Oversight Andrzej Stopczyński 19. Firms’ Patterns of Trade and Access to Finance Jože P. Damijan and Črt Kostevc 20. Financing for Growth in CESEE Joachim Nagel and Corinna Knobloch 21. Capital Inflows, Exports and Growth in the CESEE Region Jarko Fidrmuc and Reiner Martin 22. Structural Components of International Trade Growth 1995–2009 Joseph F. Francois and Julia Wörz 23. The Great Trade Collapse and its Impact on Firms in Europe László Halpern PART IV: CHALLENGES FOR BANKING IN THE CESEE REGION 24. After the Crisis: Financial Sector Reform in the EU María Teresa Fábregas Fernández 25. Banking Challenges in the CESEE Region from the Erste Group Perspective Andreas Treichl 26. Challenges for Banking in the CESEE Region – the Situation in Austria and CESEE in November 2010 Michael Hysek 27. The CESEE Experience of KBC Group Marko Voljć 28. Challenges for Banking in the CESEE Region – the Case of Swedbank Baltic Banking Håkan Berg Index

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Book SynopsisWritten by distinguished Chinese academics, this book provides a unique and rare insight into the development of the modern Chinese economy. The book concludes that following three decades of high economic growth, China now faces great challenges for sustainable growth, and the institutions of China’s economy have reached a critical point.Table of ContentsContents: 1. Introduction: The Reform and Opening-up of a Large, Developing Country 2. Political and Social Foundations of Economic Development 3. Urban and Rural Economic Development During the Process of Urbanization and Industrialization 4. Industrial Agglomeration in the Process of Globalization and Regional Economic Development 5. Transitions of Public Services and Government Responsibilities During the Marketization Process 6. Developmental Imbalances and Mechanisms for Improving the Market System 7. Appropriate Institutions and Sustainable Growth: China’s Development and its Worldwide Significance References Index

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Book SynopsisIt is these two factors that have determined not only the remarkable success of Asia in economic development but also the uniqueness of its growth model. This book examines the rise of Asia in the past two decades and draws lessons from its growth patterns.Trade Review'Asia, like other continents outside Western Europe and North America, was poor and considered a least-hope region for breaking the poverty trap in post WWII. However, Asia has surprisingly become the most dynamically growing region in the world in the recent decades with extraordinary speed and scale. This book is an insightful study of the root causes and strategic policy framework of Asia's development success. It provides convincing analyses to show that other lower-income countries can learn useful lessons from Asia to achieve their aspiration for prosperity. The book is a must-read for all policy makers and students in the developing world and international development institutions.' --Justin Yifu Lin, Peking University, China and formerly Chief Economist and Senior Vice President of the World Bank'There are many studies that attempt to explain the rapid rise of the economies of East and South Asia. Only a few of these studies base their analysis on a systematic quantitative comparison of the sources of growth in East and South Asia and none do so with more rigor than this work by Professor Vu Minh Khuong. The study is a major contribution to our understanding of these important economies performance.' --Dwight Perkins, Harvard Kennedy School, US'The astonishing rise of Asia over the past decades is transforming the world economy and changing the balances in global politics. In this book, Professor Vu Minh Khuong provides an in-depth study of the drivers of growth in sixteen Asian economies based on solid empirical analyses. While successful growth relies heavily on investment, technology catch-up and openness to trade, Professor Vu emphasizes the decisive importance of enlightened leadership that creates a favourable environment for countries to prosper.' --Marcel Timmer, University of Groningen, The NetherlandsTable of ContentsContents: Foreword by Dale W. Jorgenson Preface 1. Introduction 2. Developing Asia in the Global Dynamics of Catching Up and Falling Behind 3. The Rise of Asia 4. Sources of Developing Asia’s Economic Growth: Insights from the Standard Growth Accounting Approach 5. Sustaining High Economic Growth in Developing Asia: Strategic Insights and a Catch-up Policy Framework References Index

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Book SynopsisThe sharp increase in oil revenues since 2002 has left the Arab Gulf States with billions of petro-dollars. But how will these countries fare in the post-oil era? The rulers of these states are taking serious measures to ensure the survival of their economies, and indeed their regimes, in a world with scarce mineral resources.Table of ContentsContents Acknowledgements 7 Introduction 9 1. Building the Foundation for a Post-Oil Era: The Case of the GCC Countries 15 2. GCC Sovereign Wealth Funds and Islamic Finance: Financial Foundations for the Post-Oil Gulf? 45 3. The GCC Countries as Knowledge-Based Economies: Future Aspirations and Challenges 73 4. Higher Education in the Gulf States: From Traditional to Modern 97 5. A 'Smart' Technology-Enhanced Learning for the Post-Oil Arab Gulf 117 6. The Role of Women in a Post-Oil Arab Gulf Future 143 Bibliography 175 Notes on Contributors 187 Index 191

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Book SynopsisThe Sustainable Development Goals are global objectives set by the UN. They cover fundamental issues in development such as poverty, education, economic growth, and climate. Despite growing data across policy dimensions, popular statistical approaches offer limited solutions as these datasets are not big or detailed enough to meet their technical requirements. Complexity Economics and Sustainable Development provides a novel framework to handle these challenging features, suggesting that complexity science, agent-based modelling, and computational social science can overcome these limitations. Building on interdisciplinary socioeconomic theory, it provides a new framework to quantify the link between public expenditure and development while accounting for complex interdependencies and public governance. Accompanied by comprehensive data of worldwide development indicators and open-source code, it provides a detailed construction of the analytic toolkit, familiarising readers with a diverse set of empirical applications and drawing policy implications that are insightful to a diverse readership.Trade Review'The book by Omar Guerrero and Gonzalo Castañeda is a path-breaking contribution that, through a careful validation procedure of the complexity applied to sustainable development, demonstrates the logical and empirical superiority of the complex economy over the mainstream method, tight in the straitjacket of equilibrium. Furthermore, it offers convincing evidence of the need for economic policy intervention in sustainable development.' Mauro Gallegati, Università Politecnica delle Marche, Ancona, Italy'The opportunities afforded by agent-based modelling for informing the development, appraisal, and evaluation of public policies at global and national scales have becoming increasingly evident over the last decade. But often research in this area has been small-scale, not well connected with policymakers, and methodologically unsophisticated. This book is different. It shows in detail the value of modelling using a generative causation approach, develops a powerful modelling framework, and applies it to a range of important case studies to evaluate the effectiveness of allocating budgets to achieve development and sustainability goals, both cross-nationally and at the level of individual countries. It is an excellent example of what policy modelling can achieve.' Nigel Gilbert, Professor of Sociology, Centre for Research in Social Simulation, University of Surrey, UK'This important book makes excellent contributions on various levels. It introduces readers to sustainable development from a complexity perspective, and provides a masterclass on agent-based modelling and computational economics. Supported by a wealth of empirical data and case studies, the authors address numerous highly relevant topics in sustainability. The book is rich with original insights and policy recommendations. A must-read!' Dietmar Maringer, Professor of Computational Economics and Finance at the University of Basel, SwitzerlandTable of ContentsPart I. A Complexity Approach to Sustainable Development: 1. Introduction; 2. Policy prioritisation, complexity, and agent computing; 3. Relevant data and empirical challenges; 4. A computational model; 5. Calibration and validation; Part II. A Global View of Sustainable Development: 6. The feasibility of the sustainable development goals; 7. Government spending and structural bottlenecks; 8. Public governance and sustainable development; 9. The impact of international aid; Part III. A Focalised View of Sustainable Development: 10. Subnational development and fiscal federalism; 11. Accelerators and systemic bottlenecks; 12. Deprivation, income shocks, and remittances; 13. Lessons and reflections.

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Book SynopsisDrawing on German, English, Japanese and Chinese primary sources, Ghassan Moazzin explores how foreign banks financially connected modern China to international capital markets and the global economy and highlights the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.Trade Review'Moazzin's study shows the ambiguities of negotiating financial and political interests with great nuance and objectivity. Based on a mountain of qualitative and quantitative archival data, Moazzin manages to unearth the complex nature of transnational financial flows, networks, and their institutional constraints before WWI. Most importantly, he reminds us that the impact of financial globalization failed to produce clear winners and losers in the process.' Elisabeth Köll, The University of Notre Dame'Moazzin's history of foreign banks and global finance in turn of the 20th century China opens a new chapter in the global history of capitalism. Readers will find in its pages an illuminating engrossing story of the roles of European economic actors in a Chinese history of globalization, and a crucial contextualization of the modern global economic order that takes into account the Chinese view.' Glenda Sluga, University of Sydney'Grounded in detailed research, this history will be valuable for all those interested in engaging with China's economic development.' George Hong Jiang, LSE Review of Books'Foreign Banks' key contributions have less to do with offering alternative models of imperial power and more to do with examining the gritty mechanics of banking. On this front, the analysis is masterful … The meticulous archival work also allows the book to raise compelling questions about state capacity and the governing power of money.' Mary Bridges, Business History'… a captivating read, accessible to most audiences, and would make an excellent undergraduate textbook for courses on Chinese economic history … Highly recommended.' D. Li, Choice'A deeply researched history of DAB and its operations in China as well as a study that makes broader points about the integration of China into world financial markets.' Austin Dean, Journal of Chinese History'An original and important book.' Hubert Bonin, EH.Net'The thoroughness of his investigation and masterfulness of his analysis made this book not only a scholarly resource, but also an intriguing option for individuals interested in the intricate dynamics of finance, politics, and historical transformation in China's modernization journey.' Yitong Qiu, The Economic History ReviewTable of ContentsList of Figures; List of Tables; Acknowledgements; Notes and Conventions; List of Abbreviations; Introduction; 1. A German bank in China: early contact of German bankers with China from the 1870s to the 1880s; 2. Entering the Chinese banking sector: foreign banks on the Chinese frontier; 3. Chinese bonds for European investors: the indemnity loans and the internationalisation of Chinese public finance, 1895–1898; 4. Railway dreams: German bankers and Chinese railway development, 1895–1910; 5. Global markets, international finance and the 1911 revolution in China; 6. Disentanglement and liquidation: German bankers and the first world war in China; Conclusion; Appendices; Bibliography; Index.

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Book SynopsisIt is arguable that the most important event in the world economy in recent decades has been the rise of China. This Element summarizes results from the national representative China Household Income Project (CHIP) for the period 1988 to 2018. This title is also available as Open Access on Cambridge Core.Table of Contents1. Introduction; 2. Why has China grown so fast?; 3. Rural development: from being farmer to work as wage earner or self-employed; 4. The Labour Market and Economic Reform: from Labour System to Labour Market; 5. The Labour Market and Migration: from Labour Surplus to Labour Scarcity; 6. Public revenues, expenditures and inequality; 7. The urban-rural gap and the changed distribution of income and wealth; 8. The development of Inequality of Opportunities and Poverty; 9. Inequality by gender and ethnicity; 10. The growth of China's middle class; 11. Summary and Conclusions; Appendix.

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Book SynopsisWhy do many Muslim-majority societies exhibit dictatorship and violence? It is not due to Islam nor aspects of Muslim culture. Rather, this book argues the institutional legacy of the Muslim conquests and variation in nontax government revenues (rents) explain patterns of dictatorship and violence in many Muslim societies today.Trade Review'Why are Muslim-majority societies so often plagued by poverty, tyranny, and war? In this remarkable book, Faisal Ahmed offers a fresh answer to this age-old question. Synthesizing large and diverse bodies of scholarship and disparate data sources, he shows how historical legacies and natural endowments together determine the fate of nations. The result is one of the most important works on the political economy of the Muslim world to appear in many years.' Tarek Masoud, John F. Kennedy School of Government'Faisal Ahmed presents us with an excellent overview of how the early Muslim conquests wound up saddling territories with an institutional panoply that would produce long-term stagnation. Full of both theoretical and empirical insight, this is a book that will be of great interest to anyone keen to understand the historical trajectory of the Middle East.' David Stasavage, author of The Decline and Rise of Democracy'Conquests and Rents provides a fresh take on the question of why Muslim societies tend to be less democratic and more prone to violence. Rather than pinning the blame on Islam as a religion or a set of institutions, Ahmed highlights variation in historical development in Muslim-majority countries and the more temporally proximate effects of oil and foreign aid receipts. Based on rigorous analyses, the book makes an important intervention in ongoing debates about historical legacies and the 'resource curse.'' Melani Cammett, Clarence Dillon Professor of International Affairs, Harvard UniversityTable of ContentsPart I. A Political Economy Approach: 1. Political violence; 2. Analytical framework; Part II. The Institutional Legacy of Muslim Conquest: 3. The conquest equilibrium; 4. Conquest fostered autocratization; 5. The autocratic legacy of Muslim conquest; Part III. The impact of contemporary rents on dictatorship and violence: 6. Fueling authoritarian resilience; 7. Aiding political violence; 8. Democratic transitions in non-Muslim societies; Part IV. Conclusion: 9. Conclusion.

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Book SynopsisThis Element develops an innovative combinatorial model of technological change and tests it with 2,000 years of data from global GDP data and US patents, thus generating the observed historical pattern of technological change. This Element models the Industrial Revolution as a combinatorial explosion.Table of Contents1. Introduction; 2. Competing explanations of technology; 3. The theory of combinatorial evolution; 4. Our model; 5. Our Tri-data result; 6. Niche theory; 7. Homo tinkerus; 8. Entrepreneurship and innovation; 9. CODA; Appendix; References.

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Book SynopsisDrawing on extensive empirical studies of firms and industries around the world, this book presents a rich menu of development pathways, including a new role by a Schumpeterian state to initiate detours and leapfrogging in not only manufacturing but also resource or IT- service sectors.

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Book SynopsisThis volume focuses on the key trends and major developments in engineering education in India and reflects on the effects and challenges of its expansion on economic growth and development.Analysing several dimensions relating to the status and growth of engineering education, this book: Highlights, in the overall policy environment, the rapid growth of engineering education, imbalances in the growth between different branches of engineering education, changing trends and patterns in their growth, quality of education, gender inequality, and inequality by caste, region and economic status and labour market conditions that influence the demand for engineering education Reflects on the rapid growth of private sector in engineering education and its effects on equitable access, quality and other dimensions of higher education, and on overall development of the economy Investigates the socio-economic characteristics of the students going to private colTrade Review“Engineering as a field of university study in India has grown by leaps and bounds in the past 25 years, most of it in private institutions and of highly varied quality, from the internationally renowned Indian Institute of Technology to low-quality unaided private institutions. It is this huge and varied engineering education system which India depends on to make it a major player in the global economy. Professor Tilak’s book—a detailed study of this complex subject based on extensive empirical data—is an essential reading for understanding whether the system as it now exists will be able to fill this role.” - Martin Carnoy, Vida Jacks Professor of Education and Economics & Lemann Foundation Professor Stanford University “Engineering education is one of the most important aspects of Indian higher education and central for India's future economy. It is also not well understood and significant parts of it are subpar. Dr. Tilak has provided a thoughtful data-driven and policy-relevant analysis.” - Philip G. Altbach, Research Professor and Distinguished Fellow, Center for International Higher Education, Boston College, USA “This is possibly the first study to provide a systematic economic analysis of engineering education in India. Its juxtaposition of the macro-level with the micro-level makes it most valuable for research scholars and policy practitioners in India, while its recognition of the wider international context will interest readers in the outside world.” - Deepak Nayyar, Emeritus Professor of Economics, Jawaharlal Nehru University, New Delhi, and former Vice Chancellor, University of Delhi “A must reading for higher education policy makers in India, focusing on engineering by a prominent scholar in the field.” - George Psacharopoulos, Formerly with London School of Economics and the World Bank “There are few in India who can match the expertise of Professor Jandhyala B G Tilak in the field of research in Higher Education especially the economics aspects of education at all levels. As Vice Chancellor, National University of Educational Planning and Administration (NUEPA), his contributions to the promotion of higher education research are of historic significance. In the emerging decades, India will compete effectively with higher education in U.K. and U.S.A, largely because of valuable services of Prof. Tilak and a few others. This book surveys the literature of world-renowned writers Robert Solow, Fritz Machlup, Theodoe W Schultz and others with his interpretations of their theories applicable to Indian highe.r engineering education. This book is a valuable addition to the study of higher education in India and aboard.” - Vedagiri Shanmugasundaram, Founder Vice Chancellor, Monomaniam Sundaranar University; Former Director, Reserve Bank of India and IDBI; Senior Visiting Member, Linacre College, University of Oxford “Two great sectors are at the heart of higher education’s many practical contributions to society through learning and research – engineering and health. In Economics of Engineering Education, Professor Tilak takes us inside engineering education and illuminates the role it plays in development. Get engineering education right, he shows us, and the nation is on track. The solid data and considered judgments in this book are making a crucial contribution to policy, the profession and the next generation that will build India.” - Simon Marginson, Professor of Higher Education, University of Oxford; Director ESRC/RE Centre for Global Higher Education “ I find this book very useful for evidence- based decisions and informed public policy regarding engineering education. The book illustrates emergence of private education and its impact on equitable access, equity, quality, affordability and related issues currently faced in India. The systematic approach and methodology adopted in the study and credible data may help in framing right policies. Prof. Tilak’s book will be useful to recalibrate the current approach to engineering education and offer policy pointers to regain the glory.” - Bhushan Patwardhan, Chairman, National Assessment and Accreditation Council; Former Vice Chairman, University Grants Commission; Distinguished Professor, Interdisciplinary School of Health Sciences, Savitribai Phule Pune University “Professor J.B.G. Tilak is one of India’s best-known social science scholars and an international authority on the Economics of Higher Education. His most recent book is a timely contribution to academic and policy knowledge of engineering education in India. Engineering, with its many variants, civil, mechanical, electrical, and production is a key profession in any economy. As Tilak shows, engineering education in India has undergone a sea change over the past three decades. The implications of this need to be understood by both private and public institutions and, of course, students. This is the purpose of this excellent study.” - W. John Morgan, Leverhulme Emeritus Fellow, Wales Institute of Social and Economic Research, Data, and Methods (WISERD), Cardiff University “This commendable book presents a critical analysis of some of the major challenges in engineering education using valuable primary and secondary data. These challenges include: overzealous expansion and the resultant supply-demand mismatches which are reflected in high rates of unemployment, inequities in education by gender, caste/religion, and region, poor quality of education as revealed in lower employability of graduates besides, limited public financing and issues relating to affordability. "This rigorous research study systematically analyses some of these critical issues in engineering education in India with a futuristic perspective. I have no doubt that it will attract the attention of academia as well as administrators and policy makers. Given the paucity of systematically conducted research studies in this field, this study undoubtedly makes an invaluable reading on the subject of a great contemporary relevance.” - Narendra Jadhav, Former Vice Chancellor, Savitribai Phule (Pune) University; Former Member, Planning Commission, Former Member of Indian Parliament, Rajya Sabha. “Economics of Engineering Education in India is an insightful new book by Jandhyala B G Tilak describing and analyzing in depth the remarkable growth, issues related to sources of funding, quality, employment of graduates, and policies for public and private engineering education in India. Professor Tilak is a well-known and respected scholar who recognizes the significance of highly skilled human capital in engineering fields to sustained per capita economic growth. This and more universal basic education are desperately needed for broader development in India. As this occurs, this book, which is likely to become the go-to source, can help make the provision of good quality engineering education’s vital role more economically efficient.” - Walter W. McMahon, Professor of Economics, and of Education, University of Illinois “This is an impressive single-authored book on a timely topic painstakingly researched by an eminent scholar, authoritatively articulating ideas in the discourses on the emergence and quest for future direction of higher education for development with deliberate expansion of the STEM fields in which Engineering plays an important role. By engaging theories and ideas about human capital development thorough empirical inquiry based on secondary and primary data, the author strengthens the merit of the book. Furthermore, by using a methodological approach beyond univariate account to engage in multivariate analysis that provides a rich and multidimensional analysis, the book informs the reader of the complexity of the interactions between the explanatory factors in the educational sector and entrenched socially significant determinants such as gender, caste, and region/state, as well as the dynamics of the public and private sectors of higher education and its financing. In addition to researchers and policymakers in the public and private sectors, this book will be an invaluable source to other education stakeholders including students, international agencies, and NGOs in their respective efforts to understand and effectively tackle the development of inclusive human resources.” - N’Dri Assié-Lumumba, Professor, Cornell University; President, World Council of Comparative Education Societies Table of Contents1. Introduction and Context 2. Engineering Education in India: Challenges of Growth and Inequalities 3. Emergent Challenges of Engineering Education in India: Quality, Finances and Employment 4. Who Goes to Private Engineering Colleges and Why? 5. Students’ Choice of ‘Modern’ versus ‘Traditional’ Streams of Engineering Education 6. Family Expenditure on Engineering Education and Its Determinants 7. Funding of Engineering Education: Scholarships, Other Financial Assistance and Education Loans 8. Students’ Perceptions on Quality of Engineering Education 9. Employability, Employment and Earnings of Engineering Graduates 10. Summary, Conclusions and Policy Challenges

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Book SynopsisTrade Review‘Governments world-wide are seeking to encourage the growth of new ventures. Making this task harder is the fact that entrepreneurship is undoubtedly an “increasing returns” activity: the presence of nearby high-growth ventures increases the innovation and success of a new business. This volume presents a fascinating series of country-specific “case studies” that show the potential and challenges associated with growing entrepreneurial clusters.’ -- Josh Lerner, Harvard Business School, US‘Professor Jerome Engel has updated, expanded, and extended his Clusters of Innovation framework in this new book. There are fresh ideas about culture and behavior in these clusters. There are new regions included. And there is an extension to a non-geographic cluster built around a business model instead of a location. Anyone wishing to gain new insights into what makes the Silicon Valley cluster of innovation work will find this new volume an essential resource.’ -- Henry Chesbrough, University of California, Berkeley, US and Luiss University, Rome, Italy‘How do entrepreneurs, risk capital and corporate Innovation strategy come together to form an innovation cluster? Clusters of Innovation in the Age of Disruption provides a framework for understanding how this happens. This essential text updates the innovation cluster framework and provides a series of case studies on urban clusters and national strategies. Insightful, intuitive and intelligent – Clusters of Innovation in the Age of Disruption is a guide to creating value out of chaos.’ -- Steve Blank, Stanford University, USTable of ContentsContents: Foreword xv David J. Teece Preface: Silicon Valley – a state of mind xx Jerome S. Engel 1 Introduction: Clusters of Innovation in the Age of Disruption 1 Jerome S. Engel PART I CLUSTERS OF INNOVATION: REFINING AND EXTENDING THE FRAMEWORK 2 Global Cluster of Innovation theory and practice in the 21st century: COI Components 13 Jerome S. Engel and Aline Figlioli 3 Global Cluster of Innovation theory and practice in the 21st century: COI Behaviors 35 Jerome S. Engel and Aline Figlioli 4 Major Corporations and Open Innovation: capturing value from disruptive innovation 81 Jerome S. Engel, Dickson Louie and David Charron 5 Business-model-led Clusters of Innovation: the case of Product Led Growth 115 Itxaso del Palacio PART II GLOBAL CASE STUDIES: REGIONAL AND URBAN CLUSTERS 6 The Munich high-tech region: development towards a leading European startup cluster 129 Helmut Schönenberger 7 The Oslo case: agile and adaptive responses to Covid-19 challenges by actors in local and globally extended health technology clusters 152 Per Ingvar Olsen and Morten H. Abrahamsen 8 Changing pathways: urban dynamics and governance at 22@Barcelona 181 Montserrat Pareja-Eastaway and Josep Miquel Piqué PART III GLOBAL CASE STUDIES: NATIONAL STRATEGIES 9 The development of Singapore’s innovation and entrepreneurship ecosystem 206 Poh Kam Wong 10 State- and private-led Clusters of Innovation in China 245 Virginia Trigo and Chen Peng 11 Strategy for economic recovery from the COVID-19 disaster: Japan aims to become a startup nation again 269 Shigeo Kagami 12 Supporting innovation in India through a special Service Organization 292 Manav Subodh 13 Australian Sports Technologies Network: adding value through creating synergies 312 James Demetriou, Martin Schlegel and Danny Samson 14 Conditions for the implementation of a biotechnology Cluster of Innovation in Colombia: a benchmark of best practices with German clusters 341 Christian Bruszies and Carlos Scheel 15 The Brazilian innovation ecosystem takes off 425 Flavio Feferman PART IV CONCLUSION 16 Clusters of Innovation: lessons learned and final thoughts 420 Jerome S. Engel Index

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Book SynopsisThis Research Handbook provides a comprehensive overview of the multifaceted landscape of inflation studies, policy, and practice. Analysing theoretical and empirical literature on measuring inflation and on the drivers of inflation dynamics, it sheds light on developments in monetary policy over the past two decades.

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Book SynopsisThe majority of empirical research in economics ignores the potential benefits of nonparametric methods, while the majority of advances in nonparametric theory ignore the problems faced in applied econometrics. This book helps bridge this gap between applied economists and theoretical nonparametric econometricians, discussing basic to advanced nonparametric methods with applications.Trade Review'A clear and thorough treatment of nonparametric and semiparametric econometrics. The text will be valuable to empirical researchers, who can expand their methodological toolkits without resorting to difficult journal articles. Even advanced topics, such as nonparametric instrumental variables and nonparametric models with panel data, are treated at an accessible level.' Jeffrey M. Wooldridge, Michigan State University'Taking theory to data is difficult for most students, but this book provides substantial help by providing cogent explanations of practical considerations, including how well methods that work 'in theory' might be expected to work with real data in the quantities that researchers might have available.' Paul W. Wilson, Clemson University'Daniel Henderson and Chris Parmeter have provided a modern survey of nonparametric econometrics. Newcomers will enjoy their applications-oriented introduction to this growing field. Theorists will find a compact survey of the most important foundations. Researchers of all sorts will want to add this valuable resource to their libraries.' William Greene, Stern School of Business, New York University'This well-written textbook represents a rigorous yet accessible introduction to nonparametric methods, one that makes clear the importance of these techniques for empirical research. Henderson and Parmeter have performed a valuable service for students throughout the social sciences.' Steven N. Durlauf, University of Wisconsin'Nonparametric econometric methods have by now become quite common in applied research, yet, as in almost all areas of research, theory precedes practice. The current hands-on approach of the book comes to fill the gap and offer the applied researcher a manual of how to properly use these methods without compromising rigor. It will complement other more theoretical books on the subject and as such it will prove very useful to many practitioners and students alike.' Thanasis Stengos, University of Guelph'The authors advertise right at the beginning that this book was written to help bridge the gap between applied economists and theoretical nonparametric econometricians. Having worked on both sides I can say that this book keeps this promise in almost all aspects: the way it is written, the selection of topics, and the selection of methods.' Stefan Sperlich, Université de Genève'The aim of this book is to teach nonparametric methods to applied economists. The book does an excellent job of achieving this objective. The mix of rigor and intuition is perfect, and the availability of software to go with the book makes it easy to implement the techniques being taught.' Peter Schmidt, Michigan State UniversityTable of Contents1. Introduction; 2. Univariate density estimation; 3. Multivariate density estimation; 4. Inference about the density; 5. Regression; 6. Testing in regression; 7. Smoothing discrete variables; 8. Regression with discrete covariates; 9. Semiparametric methods; 10. Instrumental variables; 11. Panel data; 12. Constrained estimation and inference; Bibliography; Index.

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Book SynopsisOf Limits and Growth offers new perspectives on environmentalism, post-1945 international history, and the origins of sustainability.Trade Review'This illuminating book shows the decisive role NGOs played in affixing 'sustainable' to 'development'. But sustainability's popularity can be a function of how it smoothes over or obscures real differences among various constituencies regarding the ends and means of development … the book offers a revealing story about the power of NGOs to influence world affairs even as it demonstrates their limits.' David Ekbladh, Tufts University, Massachusetts'This book provides the best history in print on international environmental NGOs and their influence on policy. Macekura explains the emergence of these NGOs after the Second World War, he shows how they helped to define 'sustainable development', and he analyzes how they reshaped international affairs. Macekura also elucidates the limits of these organizations, especially when confronting resistance from the United States and other powerful states. This is a foundational book for anyone interested in international development, environmentalism, and contemporary foreign policy.' Jeremi Suri, University of Texas, Austin'Of Limits and Growth is a compelling addition to the literature on the rise of the global environmental movement and its struggle with the pressures for Third World development that followed decolonization in Africa and Asia. Macekura integrates the many dimensions of the subject more lucidly than [in] any previous work. His book will be well received by international studies scholars and environmental historians, as well as the development aid community.' Richard Tucker, University of Michigan, Ann Arbor'This excellent contribution to contemporary political history skilfully documents the role of NGOs in pressing governments to pay more attention to the ecological and environmental consequences of their policies and to push for sustainable development.' Richard N. Cooper, Foreign Affairs'This volume examines the role played by environmental NGOs in shaping the development approaches of the United States, the World Bank and the United Nations from the 1960s through to the 1990s, and in giving rise to the concept of 'sustainable development'.' Survival: Global Politics and Strategy'Stephen J. Macekura's Of Limits and Growth provides a dispassionate and thorough yet concise account of the emergence of 'sustainable development' as a unifying mantra for environmentalists and those interested in economic development … The book is essential reading for those interested in the history of sustainable development and how it has impacted international relations.' Carrie A. Meyer, The Journal of American History'A growing number of young scholars are writing the history of environmental diplomacy, and Of Limits and Growth is an important model for that new cohort to follow.' Kurk Dorsey, H-Diplo'Macekura offers a compact, intelligent, and well-written account that shows effectively how sustainable development - a term vaguely enough defined to occasion further debates - emerged in the 1970s. It is well attuned to the scholarly as well as the political implications of the topic, and adds in important ways to our understanding of development agendas in the 1970s and beyond - a topic that had been too often neglected in early generations of scholarship. With Of Limits and Growth, Macekura establishes himself as an important member of a new generation of scholars examining north-south dynamics in the Cold War world.' David C. Engerman, H-Diplo'Of Limits and Growth is a watershed work in taking environmental politics and international relations together. Macekura's research is outstanding, and the book's utility speaks to diligent scholarship and hard-won ideas. In 300 pages, he has introduced the characters, institutions, and ideas that have shaped international environmental governance in the postwar period, and he has created a framework for understanding how that shaping took place. As historians begin to dig more deeply into the overlaps between environmental politics and American foreign relations in the post-war period, this book will become a touchstone of that new endeavor.' Joshua Howe, H-Diplo'… Macekura shows that the environmentalists played a critical role in fashioning the current consensus that environmental protection is compatible with continued material abundance. Above all, his book is essential reading for anyone seeking to understand the current impasse over a meaningful global climate change agreement.' Simon Toner, H-DiploTable of ContentsIntroduction: on the origins of 'sustainable development'; 1. The rise of international conservation and post-war development; 2. Parks and poverty in Africa: conservation, decolonization, and development; 3. 'The world's most dangerous political issue': the 1972 Stockholm conference and the politics of environmental protection; 4. When small seemed beautiful: NGOs, appropriate technology, and international development in the 1970s; 5. Leveraging the lenders: the quest for environmental impact statements in the United States and the World Bank; 6. Conservation for development: the World Conservation Strategy and the rise of sustainable development planning; 7. The persistence of old problems: the politics of environment and development at the Rio Earth Summit; Conclusion: the limits and growth of NGOs.

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Book SynopsisFor many, Germany's post-war economic power was based on liberal market reforms and the Marshall Plan. This book disputes this old myth. Quantitative evidence shows instead how the re-emergence of Germany as a leading industrial power was founded in the Second World War itself and the conditions it left behind.Trade Review'Tamás Vonyó carries out a major revision of the German Miracle. A detailed quantitative approach supports a nuanced interpretation. Reconstruction was delayed as war, destruction and dislocation was widespread and persistent. The resettlement of displaced population was critical for the recovery and fuelled productivity growth since the late 1950s, preceding the social contract and R&D investment.' Leandro Prados de la Escosura, Universidad Carlos III de Madrid'Vonyó's book is a most welcome enrichment to the history of West German economic recovery.' Armin Grünbacher, European History QuarterlyTable of ContentsIntroduction; 1. The audit of defeat: initial conditions; 2. The economic geography of post-war dislocation; 3. Growth accounts for West German industry; 4. Made in Germany: the post-war export boom; 5. Managing the miracle: economic policy; Conclusions.

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Book SynopsisDrawing on a wide range of oral and written sources, this book tells the story of Tanzania's socialist experiment: the ujamaa villagization initiative of 1967â75. Inaugurated shortly after independence, ujamaa ('familyhood' in Swahili) both invoked established socialist themes and departed from the existing global repertoire of development policy, seeking to reorganize the Tanzanian countryside into communal villages to achieve national development. Priya Lal investigates how Tanzanian leaders and rural people creatively envisioned ujamaa and documents how villagization unfolded on the ground, without affixing the project to a trajectory of inevitable failure. By forging an empirically rich and conceptually nuanced account of ujamaa, African Socialism in Postcolonial Tanzania restores a sense of possibility and process to the early years of African independence, refines prevailing theories of nation building and development, and expands our understanding of the 1960s and 70s world.Trade Review'An eloquent, engaging and immensely gratifying work. Priya Lal's nuanced analysis of the complexities and contradictions of the imaginaries, implementation and experiences of ujamaa not only challenges dominant readings of Tanzanian history (and African history more broadly), but provides a sophisticated model for how oral and archival history can be interwoven and why this kind of history matters.' Dorothy L. Hodgson, Rutgers University, New Jersey'This beautifully crafted, subtly argued study offers a penetrating reassessment of ujamaa, the villagization project that transformed property ownership, agricultural production, and urban life in postcolonial Tanzania. Highlighting local agency, it offers new insight into an endeavor that was emblematic of African socialism and the third way of the global south.' Elizabeth Schmidt, Loyola University, Maryland'This is a superb, richly textured book. Priya Lal not only offers a very nuanced and convincing historical interpretation of the probably most ambitious version of African Socialism, ujamaa in Tanzania. Her study also carefully contextualizes this case within the broader framework of transformations that took place in Africa and the world during the 1960s and 70s.' Andreas Eckert, Humboldt University BerlinTable of ContentsIntroduction; 1. A postcolonial project in the Cold War world; 2. Militants, mothers, and the national family; 3. Uneven development and the region; 4. Remembering villagization; Conclusion.

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Book SynopsisIn modern society, economic growth is considered to be the primary goal pursued through policymaking. But when and how did this perception become widely adopted among social scientists, politicians and the general public? Focusing on the OECD, one of the least understood international organisations, Schmelzer offers the first transnational study to chart the history of growth discourses. He reveals how the pursuit of GDP growth emerged as a societal goal and the ways in which the methods employed to measure, model and prescribe growth resulted in statistical standards, international policy frameworks and widely accepted norms. Setting his analysis within the context of capitalist development, post-war reconstruction, the Cold War, decolonization, and industrial crisis, The Hegemony of Growth sheds new light on the continuous reshaping of the growth paradigm up to the neoliberal age and adds historical depth to current debates on climate change, inequality and the limits to growth.Trade Review'In this well-researched intellectual and institutional history, Schmelzer brings to light the story of how Europe and America in the mid-twentieth century embraced the cult of Gross National Product (GNP), and the role of the Organization for Economic Cooperation and Development (OECD) in the process. By devising the system by which governments keep economic score, economists and bureaucrats revised the goals of economic policy to emphasize, almost to the point of worship, GNP growth. Schmelzer's book explains lucidly how economic policy acquired its topmost priority of the past seventy years.' J. R. McNeill, author of Something New Under the Sun: An Environmental History of the Twentieth-Century World'A magnificent accomplishment. Moving between deft analyses of the OECD and sweeping appraisals of global political economy, Matthias Schmelzer reveals the tumultuous history behind the seemingly timeless commitment to economic growth. Essential reading for scholars, The Hegemony of Growth is just as valuable for perplexed observers of the contemporary world. In the best tradition of historical research, Schmelzer rewrites the past, troubles the present, and opens up new ways of imagining the future.' Timothy Shenk, author of Maurice Dobb: Political Economist'This fresh and important work recovers the contested past of national accounts as a tool to study and manage the economy. The OEEC and the OECD is stage and actor in Schmelzer's sophisticated appreciation of historically contingent value, and limits, of the idea of growth.' Patricia Clavin, author of Securing the World Economy'Looking deeply into the question of whether the rich world can and should remain hellbent on growth is interesting and very useful. Agree or disagree, readers will find much here to spark their imaginations.' Bill McKibben, author of Deep Economy'Economic growth is our prime social objective. How this came to be is shown by means of a careful and critical scrutiny of the OECD since 1947, which also questions the concept of growth itself. You won't find it anywhere else, let alone done so well.' Avner Offer, author of The Challenge of Affluence'What are the origins of the idea of economic growth, and how and why did it come to be so hegemonic? Matthias Schmelzer's in-depth analysis of 'growthmanship' in the OECD is a must-read for anyone interested in these questions.' Giorgos Kallis, editor of Degrowth: A Vocabulary for a New Era'Schmelzer has written a first-rate, pioneering and highly differentiated historical study of the rise of one of the most powerful concepts of our times, the concept of economic growth, and the crucial role played by the OECD.' Hartmut Kaelble, author of A Social History of EuropeTable of ContentsIntroduction; Setting the stage: a historical introduction to the OECD; Part I. Paradigm in the Making: The Emergence of Economic Growth as the Key Economic Policy Norm (1948–59): 1. Measuring growth: the international standardization of national income accounting; 2. Propagating growth: from reconstruction and stability to 'selective expansion' and 'productivity'; 3. 'Expand or die': international economic mandarins and the transnational harmonization of growth policies; Part II. Paradigm at Work: A 'Temple of Growth for Industrialized Countries' in Action (1960–8): 4. Power, progress, and prosperity: growth as universal yardstick and the OECD's 1961 growth target in perspective; 5. Boosting growth: the Western 'growth conscience' and policies in the name of accelerated growth; 6. Replicating growth: the 'development of others' and the hegemony of donor countries; Part III. Paradigm in Discussion: The 'Problems of Modern Society', Environment, and Welfare (1969–74): 7. Quantity in question: challenging the hegemony of growth and the OECD-Club of Rome nexus; 8. Reclaiming growth: organizational dynamics and the 'dialectic' of qualitative growth; 9. Quantifying quality: managing the environmental costs of growth and the difficult quest for 'gross national well-being'; Epilogue: paradigm remade (1975–2011); Conclusion: provincializing growth.

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Book SynopsisA definitive new account of British economic development from the thirteenth century to the height of the Industrial Revolution. A team of leading economic historians reconstruct Britain's national accounts for the first time right from the thirteenth century onwards to reveal the long-term origins of modern economic growth.Trade Review'This book continues the path-breaking tradition initiated by Phyllis Deane and W. A. Cole [in] British Economic Growth, 1688-1959: Trends and Structure (1962). I can only congratulate Cambridge University Press for maintaining it and encouraging the publication of such a landmark in British and international economic history. My hope is that is will set the standards for research in other countries' economic history.' Leandro Prados de la Escosura, Universidad Carlos III'Our knowledge of Britain's growth history has just taken a quantum leap forward. The authors' well-documented fresh results force us to re-think the views of Malthus and Maddison on growth before 1800. Even the growth implications of the Black Death and the Industrial Revolution now look different. This team of authors sets a high standard of transparency, allowing others to replicate or revise their estimates.' Peter H. Lindert, University of California, Davis'This invaluable volume combines the compilation of masses of core data for estimating GDP and GDP per capita across six centuries with a host of reinterpretations that challenge and frequently demolish long-cherished views of the past. It is a massive achievement that is certain to form the starting-point for historical studies of Britain's long-run economic performance for many years to come.' John Hatcher, University of Cambridge'This is a path-breaking reconstruction and analysis of the British economy in the very long run, making full use of the available historical data from the Middle Ages onwards, which sets new standards for economic historical research into the 'wealth of nations' and sheds new light on the single most important question in the field: why did the Industrial Revolution happen in this part of the world?' Jan Luiten van Zanden, Utrecht University'British Economic Growth, 1270–1870 is a true landmark in economic history. Based on extensive research and a meticulous comparison of sources, it will transform our understanding of Britain's past and also reshape the debate over the 'great divergence' and the causes of the Industrial Revolution.' Philip T. Hoffman, California Institute of Technology'In this book, a team of leading UK economic historians reconstructs Britain's national accounts to show what happened quantitatively during the centuries leading up to the Industrial Revolution … Excellent bibliography. Summing up: recommended.' J. Murdock, Choice'British Economic Growth, 1270–1870 makes a big leap forward in our understanding of the long-run performance of what became the leading nineteenth-century economy and the workshop of the world. It does so by implementing a giant quantitative enterprise, one that will make it the standard data source for studying the evolution of the British economy for decades to come.' Journal of Economic Literature'This book contains a remarkable amount of advanced scholarship in British economic history, making sense of over six centuries of economic development. It is aimed squarely at the economic history community and its authors can look forward to its influence being felt in that discipline for a long time.' David Meredith, The English Historical Review'British Economic Growth is the collective work of a remarkable international group of economic historians … It is an attempt to reconstruct England's and Britain's national income accounts from 1270 to 1870 and to reveal the origins of Britain's modern economic growth. … a remarkable achievement, which transforms our understanding of Britain's rise to economic supremacy. … This landmark in British and international economic history is recommended to both experts and all those who are interested in the interrelationships between history and economic development.' György Borus, Hungarian Journal of English and American StudiesTable of ContentsPart I. Measuring Economic Growth; Section 1. Population; Part II. Analysing Economic Growth; Section 1. Real-Wage-Rates and GDP Per Head.

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Book SynopsisTo what extent has the British economy declined compared to its competitors and what are the underlying reasons for this decline? Nicholas Crafts, one of the world's foremost economic historians, tackles these questions in a major new account of Britain's long-run economic performance.Trade Review'A magisterial bird's eye interpretation of the vast and complex literature on British economic performance since the Industrial Revolution till the present day. Only a scholar of Crafts's learning and wisdom could have accomplished so much in a short book.' Joel Mokyr, author of The Enlightened Economy: an Economic history of Britain, 1700–1850'Really superb - a magnificent achievement. It is difficult to find a more readable history of British economic growth from early industrialization until the present digital revolution. Crafts' book will be read by anyone interested in the interrelationship between economic performance and institutional legacies and government policies. His main conclusions represent an original voice that provides important lessons for the post-Brexit era.' Herman de Jong, University of Groningen'Essential reading on the UK experience of economic growth from Industrial Revolution to the recent financial crisis. A synthesis of the latest empirical research across a broad range of disciplines assessed through the framework of modern economics, this book identifies long-standing deficiencies in the operation of the economy, and shows 'history matters'.' Sara Horrell, University of CambridgeTable of Contents1. Introduction; 2. The first Industrial Revolution; 3. American overtaking; 4. The interwar years: onwards and downwards; 5. Falling behind in the Golden Age; 6. From the Golden Age to the financial crisis; 7. Concluding comments.

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Book SynopsisA wealth of new data have been unearthed in recent years on African economic growth, wages, living standards, and taxes. In The Wealth and Poverty of African States, Morten Jerven shows how these findings transform our understanding of African economic development. He focuses on the central themes and questions that these state records can answer, tracing how African states evolved over time and the historical footprint they have left behind. By connecting the history of the colonial and postcolonial periods, he reveals an aggregate pattern of long-run growth from the late nineteenth century into the 1970s, giving way to widespread failure and decline in the 1980s, and then followed by two decades of expansion since the late 1990s. The result is a new framework for understanding the causes of poverty and wealth and the trajectories of economic growth and state development in Africa across the twentieth century.Table of ContentsList of figures; List of tables; Preface; Acknowledgements; Overview of the book; 1. A new economic history for Africa?; 2. Seeing like an African state in the twentieth century; 3. New data and new perspectives on economic growth in Africa; 4. State capacity across the twentieth century: evidence from taxation with Thilo Albers and Marvin Suesse; 5. Wages and poverty: from roots of poverty to trajectories of living standards; 6. Conclusion; List of references; Endnotes; 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 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 SynopsisThe first single-authored exploration of the world of public banks. Focusing in on six worldwide case studies, the author reveals that public banks have the resources needed to tackle decarbonisation, definancialisation, and democratisation. These institutions are capable of catalysing the future of financing sustainable and stable development.Trade Review'The Great Financial Crisis of 2007–2009 and the near financial meltdown at the start of the COVID-19 pandemic have made it vividly clear that our current financial system is woefully inadequate to address the massive problems we face. Thomas Marois has written a masterful book that convincingly argues that a major expansion in the role of public banks can provide long term, well-directed finance to speak to these major challenges. This is the definitive work on public banking that will be of enormous interest to practitioners, policy makers, economists, and others who are tired of just complaining about the failures of finance and who actually want to do something about it.' Gerald Epstein, Professor and Co-Director PERI, University of Massachusetts, Amherst'Writing on public banks has tended to fall into one of two camps - they are either seen as neo-Keynesian saviors capable of stabilizing capitalism in an increasingly speculative world, or as inefficient and nepotistic institutions that crowd out private finance. Thomas Marois' book offers a refreshingly new and groundbreaking perspective that envisions public banks as dynamic institutions shaped by their social, economic, and political context. The book asks how public banks can be made more democratic and accountable to those they are intended to serve, showcasing positive and negative examples. It is essential reading for those interested in how we can finance a more progressive, green, and just public future.' David A. McDonald, Queen's University, Canada'The resurgence of public banking has potential to provide much-needed finance to address the challenges of pandemics, climate change, and global economic stagnation - but staying within a neoliberal financialized paradigm will not achieve this. Here's a timely and important study with a dynamic approach that recognizes public banks as both powerful and contested, and provides case studies and ideas for how public banks can truly serve the public interest.' Jayati Ghosh, Professor of Economics, University of Massachusetts, Amherst'The most detailed treatment of public banks in the political economy literature. An engaging narrative traverses the histories and track records of public banks across six different country case studies from the global north and south. This critical intervention forces us to rethink some of the key challenges of our age: financialization, negative economic externalities, emergencies (including COVID-19), the democratization of finance and society, and - most importantly - a green and just transition. Marois has given us an indispensable book for our times.' Alfredo Saad-Filho, King's College London'In recent years, there has been ever increasing energy and activism in many parts of the world around public banking, both as an alternative to the increased concentration and power of large financial corporations and as a way to address the many pressing social and ecological challenges our societies now face. Providing a deep and nuanced analysis of public banks as contested, dynamic, and critical institutions, Thomas Marois' new book is a masterful contribution to these efforts and incredibly timely given the current economic crisis gripping much of the world and the looming existential threat of climate change.' Thomas M. Hanna, Research Director at The Democracy Collaborative, and author of Our Common Wealth: The Return of Public Ownership in the United States'Against the background of stratospheric inequality and continuing ecological devastation, not to mention the enormous setback to human progress represented by the COVID-19 pandemic, Thomas Marois has produced a timely and hugely important contribution that explains how public banks can play a central role in steering us out of these multiple crises. Marois offers a compelling analysis built upon solid economics and historical perspective, underpinned by a deep concern for advancing social justice. As the enormously destructive era of global and local neoliberalism is finally coming to an end, this book will play an important role in bringing the public banking concept back in from the cold.' Milford Bateman, Juraj Dobrila University of Pula, Croatia and St Mary's University, Canada'This is a thoroughly researched book: It makes a strong case for financial institutions in the public interest, aimed to advance societal goals and to respond to emergencies like the COVID-19 pandemic. It is certainly a welcome invitation for civil society organisations and scholars from North and South to engage in a debate to reclaim public finance, towards realising institutions that serve society and protect the planet.' María José Romero, Policy and Advocacy Manager, the European Network on Debt and Development (Eurodad), Brussels'This book reconsiders public banks as agents of sustainable development and social inclusion. For decades, public banks were perceived as antiques responsible for financial repression. Marois traces the resurgence of state banking and challenges scholars, activists, and public officials to realize the potential of these often immense financial institutions to reverse the forces of climate change, inequality, and social exclusion. He illuminates the single most important dimension and greatest opportunity for green development and social inclusion of our time.' Kurt Mettenheim, FGV-EAESP, BrazilTable of ContentsIntroducing Public Banks; 1. The World of Public Banks; 2. Contrasting Evidence, Contending Views: Towards a Dynamic Alternative; 3. Credible Legacies, Neoliberal Transition; 4. Decarbonisation; 5. Definancialisation; 6. Democratisation; 7. A Democratised Public Bank for a Green and Just Transition: A Proposal; 8. Epilogue Public Banks in a Time of COVID-19; Bibliography; Index.

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Book SynopsisGo inside the research to see the global consequences of unethical banking The Next Revolution in our Credit-Driven Economy: The Advent of Financial Technology integrates market theory and practice to help investors identify growth opportunities, and to help regulators create a sustainable economic environment. Author Paul Schulte, former economic analyst with the National Security Council, draws upon his own decade-spanning research to demonstrate how unethical banking practices provide the brute force that drives political and economic crises worldwide. By unbundling how credit markets work, this authoritative guide provides deep insight into crisis avoidance and detection, successful investment climates, and the groundwork that must be in place for policy makers to build a sound basis for economic growth. Clear, succinct case studies provide examples of policy and its effects on economic stability, giving you a stronger understanding of the network of forces that dTable of ContentsAcknowledgments xvii About the Author xix About the Website xxi Introduction: A Few Numbers Can Crack the Code xxiii PART ONE How Bank Credit Drives Economics (Not the Other Way Around) and Why CHAPTER 1 A Few Simple Concepts That Anyone Can Understand 3 CHAPTER 2 Differences between Liquidity and Solvency Are Thin 23 CHAPTER 3 Anatomy of a Credit Crisis and Examples in the Real World 33 PART TWO I Am from the Government, and I Am Here to Help Your Broken Banking System CHAPTER 4 Socialization of Debt after Mismanagement by Bankers (or, Why Keynesian Economics Doesn’t Work) 55 CHAPTER 5 Why Capitalist Bankers Create Soviet Banking Models When the Going Gets Rough 75 CHAPTER 6 Central Banks Are Carrying the Greatest Load and Will Dominate Outcomes 89 CHAPTER 7 How Bankers and Policy Rescuers Affect Stocks, Foreign Exchange, and Property 103 PART THREE Interlude CHAPTER 8 Why Government and Institutions Get Suckered into Debt Binges 119 PART FOUR The Revolution in Financial Architecture CHAPTER 9 Why Is This Revolution Happening Now and Why So Fast? 135 CHAPTER 10 The Revolution in Alternative Investments 145 CHAPTER 11 The Revolution in Big Data and SME Lending in the Emerging World 157 CHAPTER 12 Banking and Analytics—The PayPal Gang, Palantir versus Alibaba, and Hundsun 177 Appendix 195 Bibliography 197 Index 199

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Book SynopsisHow the world has become much better and why optimism is abundantly justified Why do so many people fear the future? Is their concern justified, or can we look forward to greater wealth and continued improvement in the way we live? Our world seems to be experiencing stagnant economic growth, climatic deterioration, dwindling natural resources, and an unsustainable level of population growth. The world is doomed, they argue, and there are just too many problems to overcome. But is this really the case? In Fewer, Richer, Greener, author Laurence B. Siegel reveals that the world has improvedand will continue to improvein almost every dimension imaginable. This practical yet lighthearted book makes a convincing case for having gratitude for today's world and optimism about the bountiful world of tomorrow. Life has actually improved tremendously. We live in the safest, most prosperous time in all human history. Whatever the metricfood, health, longevity, education, conflictit is demonstrTable of ContentsForeword vii Preface xiii Acknowledgments xvii Part I The Great Betterment 1 Right Here, Right Now 3 Part II Fewer 2 The Population Explosion, Malthus, and the Ghost of Christmas Present 19 3 The Demographic Transition: Running Out of and Into People 31 4 Having Fewer Children: “People Respond to Incentives” 43 5 Age Before Beauty: Life in an Aging Society 59 Part III Richer 6 Before the Great Enrichment: The Year 1 to 1750 79 7 The Great Enrichment: 1750 to Today 89 8 Food 101 9 Health and Longevity 121 10 Energy: A BTU is a Unit of Work You Don’t Have to Do 135 11 Cities 155 12 Education: The Third Democratization 171 13 Conflict, Safety, and Freedom 191 14 The Alleviation of Poverty 217 Part IV Explorations 15 Robots Don’t Work for Free: A Meditation on Technology and Jobs 245 16 The Mismeasurement of Growth: Why You Aren’t Driving a Model T 269 17 The Discreet Charm of the Bourgeoisie: Deirdre McCloskey, Capitalism, and Christian Ethics 285 18 Simon and Ehrlich: Cornucopianism versus the Limits to Growth 299 19 Obstacles 305 20 “He Shall Laugh”: Why Weren’t Our Ancestors Miserable All the Time? 319 Part V Greener 21 Prologue: Why Poor is Brown and Rich is Green 331 22 A Skeptical Environmentalist: The Greening World of Bjørn Lomborg 339 23 Dematerialization: Where Did My Record Collection Go? 355 24 “We are as Gods”: The Fertile Mind of Stewart Brand 369 25 Ecomodernism: A Way Forward 379 Afterword 403 Reader’s Guide: Annotated Suggestions for Further Learning 407 References 415 Index 439

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Book SynopsisA new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you'll learn why inducing growth and development has been the conventional response to urban financial strugglesand why it just doesn't work. New development and high-risk investing don't generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and impTable of ContentsForeword Michele C. Martinez ix 1. Human Habitat 1 2. Incremental Growth 15 3. An Infinite Game 37 4. The Infrastructure Cult 63 5. Growth or Stability 83 6. Rational Responses 107 7. Productive Places 125 8. Making Strong Investments 147 9. Place-Oriented Government 171 10. An Intentional Life 199 Afterword LeVette Fuller 219 Acknowledgments 223 About Strong Towns 225 Get Involved in the Strong Towns Movement 227 About the Author 229 Index 231

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