Economics Books

Book SynopsisA Year Without Made in China provides you with a thought-provoking and thoroughly entertaining account of how the most populous nation on Earth influences almost every aspect of our daily lives. Drawing on her years as an award-winning journalist, author Sara Bongiorni fills this book with engaging stories and anecdotes of her family''s attempt to outrun China''s reachby boycotting Chinese made productsand does a remarkable job of taking a decidedly big-picture issue and breaking it down to a personal level.Table of ContentsForeword ix Acknowledgments xiii INTRODUCTION 1 CHAPTER ONE Farewell, My Concubine 5 CHAPTER TWO Red Shoes 31 CHAPTER THREE Rise and China 47 CHAPTER FOUR Manufacturing Dissent 63 CHAPTER FIVE A Modest Proposal 79 CHAPTER SIX Mothers of Invention 95 CHAPTER SEVEN Summer of Discontent 111 CHAPTER EIGHT Red Tide 127 CHAPTER NINE China Dreams 141 CHAPTER TEN Meltdown 155 CHAPTER ELEVEN The China Season 175 CHAPTER TWELVE Road’s End 191 Epilogue 219 About the Author 229 Index 231

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Book SynopsisMicroeconomics as a Second Language zeroes in on the concepts, assumptions, and models that business professionals need to learn. The focus is on the principles of microeconomics and the language used to express them. Each chapter begins with a list of the key terms and concepts, graphs, and equations covered.Table of ContentsChapter 1: Economics Tools – Math and Graphing. Chapter 2: Production Possibilities Frontier, Economic Growth, and Gains from Trade. Chapter 3: Demand and Supply. Chapter 4: Extensions of the Demand and Supply Model. Chapter 5: Consumer Theory Chapter 6: Perfectly Competitive Firms. Chapter 7: Imperfect Competition. Chapter 8: Market Failure: Externalities and Public Goods. Chapter 9: Factor Markets. Answers to "TRY" Questions Index

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Book SynopsisAn accessible introduction to the essential quantitative methods for making valuable business decisions Quantitative methods-research techniques used to analyze quantitative data-enable professionals to organize and understand numbers and, in turn, to make good decisions. Quantitative Methods: An Introduction for Business Management presents the application of quantitative mathematical modeling to decision making in a business management context and emphasizes not only the role of data in drawing conclusions, but also the pitfalls of undiscerning reliance of software packages that implement standard statistical procedures. With hands-on applications and explanations that are accessible to readers at various levels, the book successfully outlines the necessary tools to make smart and successful business decisions. Progressing from beginner to more advanced material at an easy-to-follow pace, the author utilizes motivating examples throughout to aid readers interested iTable of ContentsPreface. Part I. Motivations and Foundations. 1 Quantitative Methods: Should we Bother?. 1.1 A decision problem without uncertainty: product mix. 1.2 The role of uncertainty. 1.3 Endogenous vs. exogenous uncertainty: Are we alone?. 1.4 Quantitative models and methods. 1.5 Quantitative analysis and problem solving. Problems. For further reading. References. 2 Calculus. 2.1 A motivating example: economic order quantity. 2.2 A little background. 2.3 Functions. 2.4 Continuous functions. 2.5 Composite functions. 2.6 Inverse functions. 2.7 Derivatives. 2.8 Rules for calculating derivatives. 2.9 Using derivatives for graphing functions. 2.10 Higher-order derivatives and Taylor expansions. 2.11 Convexity and optimization. 2.12 Sequences and series. Problems. For further reading. References. 3 Linear Algebra. 3.1 A motivating example: binomial option pricing. 3.2 Solving systems of linear equations. 3.3 Vector algebra. 3.4 Matrix algebra. 3.5 Linear spaces. 3.6 Determinant. 3.7 Eigenvalues and eigenvectors. 3.8 Quadratic forms. 3.9 Calculus in multiple dimensions. Problems. For further reading. References. Part II Elementary Probability and Statistics. 4 Descriptive Statistics: On the Way to Elementary Probability. 4.1 What is Statistics?. 4.2 Organizing and representing raw data. 4.3 Summary measures. 4.4 Cumulative frequencies and percentiles. 4.5 Multidimensional data. Problems. For further reading. References. 5 Probability Theories. 5.1 Different concepts of probability. 5.2 The axiomatic approach. 5.3 Conditional probability and independence. 5.4 Total probability and Bayes’ theorems. Problems. For further reading. References. 6 Discrete Random Variables. 6.1 Random variables. 6.2 Characterizing discrete distributions. 6.3 Expected value. 6.4 Variance and standard deviation. Problems. For further reading. References. 7 Continuous Random Variables. 7.1 Building intuition: from discrete to continuous random variables. 7.2 Cumulative distribution and probability density functions. 7.3 Expected value and variance. 7.4 Mode, median, and quantiles. 7.5 Higher-order moments, skewness, and kurtosis. 7.6 A few useful continuous probability distributions. 7.7 Sums of independent random variables. 7.8 Miscellaneous applications. 7.9 Stochastic processes. 7.10 Probability spaces, measurability, and information. Problems. For further reading. References. 8 Dependence, Correlation, and Conditional Expectation. 8.1 Joint and marginal distributions. 8.2 Independent random variables. 8.3 Covariance and correlation. 8.4 Jointly normal variables. 8.5 Conditional expectation. Problems. For further reading. References. 9 Inferential Statistics. 9.1 Random samples and sample statistics. 9.2 Confidence intervals. 9.3 Hypothesis testing. 9.4 Beyond the mean of one population. 9.5 Checking the fit of hypothetical distributions: the chi-square test. 9.6 Analysis of variance. 9.7 Monte Carlo simulation. 9.8 Stochastic convergence and the law of large numbers. 9.9 Parameter estimation. 9.10 Some more hypothesis testing theory. Problems. For further reading. References. 10 Simple Linear Regression. 10.1 Least squares method. 10.2 The need for a statistical framework. 10.3 The case of a non-stochastic regressor. 10.4 Using regression models. 10.5 A glimpse of stochastic regressors and heteroskedastic errors. 10.6 A vector space look at linear regression. Problems. For further reading. References. 11 Time Series Models. 11.1 Before we start: Framing the forecasting process. 11.2 Measuring forecasting errors. 11.3 Time series decomposition. 11.4 Moving average. 11.5 Heuristic exponential smoothing. 11.6 A glance at advanced time series modeling. Problems. For further reading. References. Part III Models for Decision Making. 12 Deterministic Decision Models. 12.1 A taxonomy of optimization models. 12.2 Building linear programming models. 12.3 A repertoire of model formulation tricks. 12.4 Building integer programming models. 12.5 Nonlinear programming concepts. 12.6 A glance at solution methods. Problems. For further reading. References. 13 Decision Making under Risk. 13.1 Decision trees. 13.2 Risk aversion and risk measures. 13.3 Two-stage stochastic programming models. 13.4 Multi-stage stochastic linear programming with recourse. 13.5 Robustness, regret, and disappointment. Problems. For further reading. References. 14 Multiple Decision Makers, Subjective Probability, and Other Wild Beasts. 14.1 What is uncertainty?. 14.2 Decision problems with multiple decision makers. 14.3 Incentive misalignment in supply chain management. 14.4 Game theory. 14.5 Braess' paradox for traffic networks. 14.6 Dynamic feedback effects and herding behavior. 14.7 Subjective probability: the Bayesian view. Problems. For further reading. References. Part IV Advanced Statistical Modeling. 15 Introduction to Multivariate Analysis. 15.1 Issues in multivariate analysis. 15.2 An overview of multivariate methods. 15.3 Matrix algebra and multivariate analysis. For further reading. References. 16 Advanced Regression Models. 16.1 Multiple linear regression by least squares. 16.2 Building, testing, and using multiple linear regression models. 16.3 Logistic regression. 16.4 A glance at nonlinear regression. Problems. For further reading. References. 17 Dealing with Complexity: Data Reduction and Clustering. 17.1 The need for data reduction. 17.2 Principal component analysis (PCA). 17.3 Factor analysis. 17.4 Cluster analysis. For further reading. References. Index.

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Book SynopsisFundamentals of Applied Econometrics is designed for an applied, undergraduate econometrics course providing students with an understanding of the most fundamental econometric ideas and tools. The text serves both the student whose interest is in understanding how one can use sample data to illuminate economic theory and the student who wants and needs a solid intellectual foundation on which to build practical experiential expertise. Divided into two parts, the first half provides a thorough undergraduate-level treatment of multiple regressions including an extensive statistics review with integrated, hands-on Acting Learning Exercises so students learn by doing. The second half of the book covers a number of advanced topics: panel data modeling, time series analysis, binary-choice modeling, and an introduction to GMM. This latter portion of the book is very suitable for a more advanced course: a second-term undergraduate course, a Master's level course,Table of ContentsWhat’s Different about Thi' Book xiii Working with Data in the "Active Learning Exercises" xxii Acknowledgments xxiii Notation xxiv Part I. Introduction and Statistics Review 1 Chapter 1. Introduction 3 Chapter 2. A Review of Probability Theory 11 Chapter 3. Estimating the Mean of a Normally Distributed Random Variable 46 Chapter 4. Statistical Inference on the Mean of a Normally Distributed Random Variable 68 Part II. Regression Analysis 97 Chapter 5. The Bivariate Regression Model: Introduction, Assumptions, and Parameter Estimates 99 Chapter 6. The Bivariate Linear Regression Model: Sampling Distributions and Estimator Properties 131 Chapter 7. The Bivariate Linear Regression Model: Inference on β 150 Chapter 8. The Bivariate Regression Model: R2 and Prediction 178 Chapter 9. The Multiple Regression Model 191 Chapter 10. Diagnostically Checking and Respecifying the Multiple Regression Model: Dealing with Potential Outliers and Heteroscedasticity in the Cross-Sectional Data Case 224 Chapter 11. Stochastic Regressors and Endogeneity 259 Chapter 12. Instrumental Variables Estimation 303 Chapter 13. Diagnostically Checking and Respecifying the Multiple Regression Model: The Time-Series Data Case (Part A) 342 Chapter 14. Diagnostically Checking and Respecifying the Multiple Regression Model: The Time-Series Data Case (Part B) 389 Part III. Additional Topics in Regression Analysis 455 Chapter 15. Regression Modeling with Panel Data (Part A) 459 Chapter 16. Regression Modeling with Panel Data (Part B) 507 Chapter 17. A Concise Introduction to Time-Series Analysis and Forecasting (Part A) 536 Chapter 18. A Concise Introduction to Time-Series Analysis and Forecasting (Part B) 595 Chapter 19. Parameter Estimation Beyond Curve-Fitting: MLE (With an Application to Binary-Choice Models) and GMM (With an Application to IV Regression) 647 Chapter 20. Concluding Comments 681 Mathematics Review 693 Index 699

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Book SynopsisFinancial Economics has quickly established itself as a strong and growing market. Introduction to Financial Economics by Frank Fabozzi, Ted Neave, and Gaofu Zhou presents an introduction to basic financial ideas through a strong grounding in microeconomic theory.Table of ContentsPreface ix Acknowledgments xv About the Authors xvii CHAPTER 1 Introduction 1 PART I FINANCE IN A CERTAINTY WORLD WITH A PERFECT CAPITAL MARKET 13 CHAPTER 2 Consumer Financial Decisions 15 CHAPTER 3 Creating Wealth by Investing in Productive Opportunities 31 CHAPTER 4 How Investors Value Firms 50 CHAPTER 5 Firm Financing Decisions in a Perfect Capital Market 78 CHAPTER 6 Firm Investment Decisions 102 PART II FINANCIAL SYSTEM 119 CHAPTER 7 Financial Systems, Governance, and Organization 121 CHAPTER 8 Market, Intermediary, and Internal Governance 151 PART III TOOLS FOR COPING WITH RISK 177 CHAPTER 9 The Microeconomic Foundations of Financial Economics 179 CHAPTER 10 Contingent Claims and Contingency Strategies 199 CHAPTER 11 Risk and Risk Management 216 CHAPTER 12 On Choosing Risk Measures 234 PART IV SELECTION AND PRICING OF RISKY ASSETS 255 CHAPTER 13 Mean-Variance Portfolio Choice 257 CHAPTER 14 Capital Asset Pricing Model 287 CHAPTER 15 The APTand Factor Models 317 CHAPTER 16 General Principles of Asset Pricing 339 CHAPTER 17 Pricing Corporate Securities 366 PART V DERIVATIVE INSTRUMENTS 383 CHAPTER 18 Pricing Derivatives by Arbitrage: Linear Payoff Derivatives 385 CHAPTER 19 Pricing Derivatives by Arbitrage: Nonlinear Payoff Derivatives 414 PART VI CAPITAL MARKET IMPERFECTIONS AND THE LIMITS TO ARBITRAGE 449 CHAPTER 20 Capital Market Imperfections and Financial Decision Criteria 451 CHAPTER 21 Impediments to Arbitrage 479 PART VII CAPITAL STRUCTURE DECISIONS IN IMPERFECT CAPITAL MARKETS 499 CHAPTER 22 When Capital Structure Decisions Matter 501 CHAPTER 23 Financing Decisions in Practice 522 CHAPTER 24 Financial Contracting and Deal Terms 545 PART VIII INCORPORATING RISK IN CAPITAL BUDGETING DECISIONS 577 CHAPTER 25 Capital Expenditure Plans in a Risky World 579 CHAPTER 26 Evaluating Project Risk in Capital Budgeting 607 SUBJECT INDEX 639 AUTHOR INDEX 650 FINANCE APPENDICES WEB-APPENDIX A Deal Terms 653 WEB-APPENDIX B Corporate Debt Funding Instruments 658 WEB-APPENDIX C Investment Bankers and the Issuance of Securities 665 WEB-APPENDIX D Credit Risk 668 WEB-APPENDIX E Financial Statements 677 WEB-APPENDIX F Financial Ratio Analysis 682 WEB-APPENDIX G Estimating Cash Flows of Capital Budgeting Projects 692 WEB-APPENDIX H Merger and Acquisition Strategies 697 WEB-APPENDIX I Conglomerates as a Means of Overcoming Capital Market Imperfections 701 WEB-APPENDIX J Lease Financing 705 MATHEMATICAL AND STATISTICAL APPENDICES WEB-APPENDIX K Taylor Series Approximation 716 WEB-APPENDIX L Some Elementary Concepts Involving Probability 717 WEB-APPENDIX M Continuous Probability Distributions 722 WEB-APPENDIX N Continuous Interest Rates 730 WEB-APPENDIX O Fundamentals of Matrix Algebra 733 WEB-APPENDIX P Principal Component Analysis in Finance 745 SUBJECT INDEX (WEB-APPENDIX A TO P) 751 AUTHOR INDEX (WEB-APPENDIX A TO P) 754 * Web-Appendix A to P are online only—please go to www.wiley.com/college/fabozzi

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Book SynopsisDevelopment Economics: Theory Empirical Research and Policy Analysis by Julie Schaffner offers a means to think about development and policy in a way that is disciplined by economic theory and informed by empirical research. The main goal of this text is to get readers to think rigorously using tools of economic analysis.Table of ContentsPreface xix Part I Introduction 1 What Is Development Economics Good For? 1 Part II Development Objectives and the Big Picture 2 Well-Being 16 3 Economic Growth 34 4 Economic Growth Theory in Historical Perspective 57 5 Poverty, Inequality, and Vulnerability 84 Part III Analytical Framework: Decisions, Markets, and Institutions 6 Consumption, Time Allocation, and Production Choices 108 7 Households 142 8 Domestic Markets for Goods and Services 174 9 Labor Markets 208 10 Investment and Financial Markets 242 11 International Markets and General Equilibrium 280 12 Institutions and Cooperation 314 13 Policy, Governance, and Political Economy 346 Part IV Policy Analysis Approach and Applications 14 Policy Analysis 377 15 Targeted Transfer Programs 391 16 Workfare 417 17 Agricultural Market Interventions and Reforms 442 18 Infrastructure Policies and Programs 471 19 Education 496 20 Agricultural Research and Extension 523 21 Microfinance 548 22 Public Health, Health Care, and Health Insurance 575 Appendix A Interpreting and Evaluating Empirical Evidence 609 Appendix B Glossary 641 Index 655

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Book SynopsisA sensible solution to getting our economy back on track Pessimism is ubiquitous throughout the Western World as the pressing issues of massive debt, high unemployment, and anemic economic growth divide the populace into warring political camps. Right-and Left-wing ideologues talk past each other, with neither side admitting the other has any good ideas. In American Gridlock, leading economist and political theorist H. Woody Brock bridges the Left/Right divide, illuminating a clear path out of our economic quagmire. Arguing from first principles and with rigorous logic, Brock demonstrates that the choice before us is not between free market capitalism and a government-driven economy. Rather, the solution to our problems will require enactment of constructive policies that allow true capitalism to flourish even as they incorporate social policies that help those who truly need it. Brock demonstrates how deductive logic (as opposed to ideologiTrade Review"With rigorous logic, American Gridlock identifies five major problems confronting the nation. These range from salvaging today's "lost decade," to the unequal distribution of wealth, to preventing bankruptcy from "entitlements spending," and to preventing future financial market crises. Woody Brock does not simply offer his opinions about these crises. Rather, he deduces win-win solutions to each of these from First Principles. It is high time for such a book, especially during a presidential election year." —Dr. Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics "Woody Brock is a brilliant economic thinker and we should heed his call for an Infrastructure Marshall Plan to lift our national economy. This book should be required reading for everyone who cares about America's future, particularly our elected officials." —Ambassador Felix G. Rohatyn , Lazard Frères & Co. LLC "Woody Brock's new book, American Gridlock is going to force everybody to think through their views on the critical issues of public policy facing America today. It is not just a question of a failure of leadership. It is also a question, as he puts it, of a failure of thought and analysis. He focuses on this in order to overcome what he terms "the Dialogue of the Deaf;" the shouting match between the Left and the Right and its inevitable manifestation as gridlock. Agree or not, this is the kind of book to which everybody should pay attention." —Mortimer Zuckerman, Editor-in-Chief of U.S. News & World Report "Woody Brock is one of America's best kept secrets. My firm has had the good fortune of benefiting from his in depth analysis of future political and economic trends for years. American Gridlock allows the reader to do the same." —Stan Druckenmiller, Chairman and CEO; Duquesne Family Office "Woody Brock is one of the most unreasonable men I know: because I agree with George Bernard Shaw that the reasonable man adapts himself to the world, whilst the unreasonable man persists in adapting the world to himself, and therefore, all progress depends on the unreasonable man." —Sir David Tang, Founder Shanghai Tang; Author, An Apple a Week "Woody Brock's writings are often the fi rst place I encounter issues that soon become central debates within public policy. He is prescient, penetrating, broad, surprising and wise. Some writers illuminate yesterday’s news, a few may shed light on tomorrows. But very few thinkers can help you to understand the issues that will shape not only next year, but also the next decade. As America faces a pivotal election, his book could not be more timely." —Edward Smith, The Times (London) "The events of the past several years have clearly exposed the faults in standard economic and financial analysis. And the economics profession currently seems at a loss to provide credible and practical policy prescriptions for the current malaise facing theU.S. and other major countries. In this fascinating book, Woody Brock stands above the crowd with his original and well thought out plans for a sensible way forward to a brighter future. It is a welcome counter to the widespread gloom that surrounds most of the discussion of the outlook." —Martin Barnes, Chief Economist, BCA Research "The world is bogged down by incremental thinking and yearns for some “big ideas” to liberate us from the serial crises that confront us. Over the years "Woody" Brock has proven himself as an original thinker whose solutions to problems often turn out to be right. Now, in this book, we have a set of recommendations that may put us on the right course." —Byron R. Wien, Vice Chairman, Blackstone Advisory Partners LP "Woody Brock tackles America's big problems at a breathtaking scale. No small ideas here. And no fl inching from the conclusions which follow from the fi erce logic he applies. Read this book to fi nd a way forward out of the broken politics and doctrinaire policies that leave so many disgusted and depressed to the prospect of a genuine prosperity." —Joseph Dear, Chief Investment Offi cer, California Public Employees Retirement System (CalPERS) "Woody thoughtfully addresses the critical issues facing our country and shows how they can be resolved using a different analytical approach. A must read for any serious market participant." —Susan E. Manske, Vice President and Chief Investment Officer, The John D. and Catherine T. MacArthur Foundation "Woody Brock is an American masterpiece. There is no one like Woody. No one is able to think as broadly as Woody, while simultaneously thinking so deeply. No one is as amusingly insightful, witty and provocative as Woody. Woody’s economics are a blend of deep, revolutionary, insight and common sense. I will never know how he does it, but I deeply appreciate that he does it. No one is a better catalyst for my own thinking than Woody. Read American Gridlock. Savor American Gridlock. Allow yourself to be provoked and prodded by American Gridlock. Then put it down, go fi shing, then reread a month later. You will be deeply and lastingly rewarded for your efforts." —Richard N. Foster, Investment & Advisory Services, LLC; former Managing Director, McKinsey & Company; author of Creative Destruction "For decades Woody Brock has enlightened a select audience with his logically rigorous, factually impeccable analyses of past developments and future trends. Time and again I have seen his insights prove true, especially in cases where he has challenged the prevailing wisdom of the era. Now for the fi rst time he addresses a general readership, with a comprehensive assessment of how to cope with the most intractable public problems of our time. I don’t agree with every one of his prescriptions, which is why I am all the more sincere in recommending the thoroughness and rigor of his logic." —James Fallows, The Atlantic "American Gridlock is a major endeavour containing deeply profound insights. It requires the courage to see that economics has largely failed and must be replaced as the master discipline by political theory and science, and with a new emphasis on fairness and justice in the distribution of benefi ts and rewards. Woody Brock is one of the few thinkers of our times who can tackle this mountainous task and unlock the paralysis in which the increasingly muddled debate about Capitalism has plunged us." —Lord Howell of Guildford, Minister of State, Foreign and Commonwealth Office, UK "If Woody Brock did not exist, God would have had to invent him. He is a unique, challenging thinker who makes most conventional economic forecasters look like trend followers. Serious investors and students of public policy should be delighted that he has finally written a book in which his renowned analytical approach focuses on public policy. This is badly-needed fresh air in a seriously polluted environment." —Don Coxe, Chairman, Coxe Advisors LLP "American Gridlock provides a compelling framework for citizens, policymakers and market participants to overhaul their views on many important issues of the day. The power of Woody Brock’s approach—emphasizing deductive reasoning and eschewing information overload—makes this elegantly written book a must read for those who value understanding over data. I would suggest burying oneself in American Gridlock before occupying Wall Street, the executive suite or public offi ce." —Scott Bessent, Chief Investment Officer, Soros Fund Management "H. Woody Brock is one of the few leading economists who can combine high-powered theory and deductive logic to yield practical solutions to real-world issues. He constantly surprises and inspires with new creative inputs and insights. In his latest book, he provides thought-provoking ideas on how to get a polarized and gridlocked America on the path to progress." —Christian Casal, Offi ce Manager McKinsey & Company, Switzerland "If you can handle the truth about America’s Lost Decade, Phiberalism, Leverage, Thugocracies, and Distributive Justice then American Gridlock is a must read. You will leave behind today’s heads I win, tails you lose mentality. No more repetitive talking heads, know it all politicians and tired academics. Woody offers up common sense solutions based on sound reasoning to today’s pressing problems. Finally, the TRUTH! —John H. Carlson, Fidelity Investments, Boston "American Gridlock delivers desperately needed fresh air and sunlight, dispelling the funk and gloom that are dampening the American spirit. Woody Brock defi nes five critical problems confronting the US today and leads the reader to compelling win-win policies that will break the current gridlock and put America on a path to sustainable prosperity. His work is original and of critical importance. The clear thinking and optimism of one of the world’s great thinkers obviates the need to contemplate writing America's obituary. Anyone with a vested interest in our future should place American Gridlock at the top of his reading list." —Jan L. Yeomans, Vice President and Treasurer, 3M "Woody is a paragon for prosperity, and he is a master of truth and its processes—something our postmodern age has let drift out of the public discourse. He must be read by politicians, policymakers, CEOs and advisers, and by everyone concerned with today’s problems and building a sustainable and prosperous future. He shows how it can be done without unnecessary pain, making this book the antidote to the current global economic and fi nancial malaise. His new book is a must read for every politician, policymaker, adviser, CEO, and everyone concerned with today’s problems and building a sustainable future." —Michael Roux, Chairman, Australian Davos (ADC) Forum "If ever there was a time when a fresh, original approach to understanding the challenges facing democratic capitalism was needed, it is surely now. This book offers such an approach, and provides novel answers to wickedly difficult questions about the sustainability of our way of life in the 21st Century. I have admired Woody Brock’s creative strategies to address complex issues for decades, and rank this book as his greatest, and most important effort yet." —Keith Ambachtsheer, Director, Rotman International Centre for Pension Management, Rotman School of Management, University of Toronto "American Gridlock surpasses the lofty expectations of a long-standing client. To provide "win-win" solutions to our most vexing economic problems, Woody employs commonsense coupled with profound and not often cited academic principles. His analysis addresses the challenges—defi cits, entitlements, fi nancial meltdowns, dealing with China, and Distributive Justice—that must be confronted to arrest the decline of the West. Most impressively, his is a refreshingly independent and optimistic voice in an era of partisanship and pessimism." —Ed Sullivan, Ph.D., CFA, Managing Director, General Motors Asset Management "American Gridlock, the new book by Woody Brock, should be required reading in Washington. First, because it is offers real solutions to many of today's biggest problems that are based on solid grounding in economic and political theory. Secondly, because it offers real hope that there is a way out if only folks will start to think differently and creatively." —Will McLean, Vice President and Chief Investment Officer, Northwestern University "I have known Woody for many years and have always admired his brilliance on economic issues. He has advised many of us on looming economic disasters including his prediction of the crash in 2008. Not surprisingly, in American Gridlock: Why the Left and Right are Both Wrong, Woody, like only he can do, diagnoses the persistent problems in today’s economy then sets his sights on prescriptions for fi xing them—prescriptions that others are unable or unwilling to see. This stunning work is wholly different than anything that has come before it, with invaluable insights for policymakers, businessmen, and everyday citizens alike. This book is a must read for anyone who longs for Washington D.C. to stop the shouting and start addressing our nation’s problems in a real and meaningful way." —J. Pepe Fanjul, Vice Chairman, President, and Chief Operating Offi cer of Fanjul Corp., and Florida Crystals Corp. "American Gridlock provides the first optimistic analysis suggesting how the United States can recover its leadership position and solve its strategic fi nancial dilemmas. The U.S. has lost its moral and political compass. Woody Brock suggests it can be regained by using an approach to the issues based on reasoning from fi rst principles, clear definition and consistent logic. Everyone interested in the future of American leadership must read and study this book. It is hard work but worth it." —Sir Roderick Carnegie AC, Chairman, Pacifi c Edge Group "Across the years, the noted decision theorist Dr. H. Woody Brock has advised a global clientele of public and private sector leaders faced with crucial challenges. Thanks to this deeply intelligent, clearly written, and heartfelt book, the commonsensical wisdom of a legendary advisor to investors, corporations, republics, kingdoms, foundations, and NGOs, now comes home to the USA, where it is sorely needed." —Kevin Starr, University Professor and Professor of History, University of Southern California. author of Americans and the California Dream, 1850–1915 "Woody's writings including his new book, American Gridlock, should be required reading for all current and aspiring members of Congress and the White House. He always provides well founded and insightful commentary that identifi es and explains complex developments in economics and fi nance and provides practical solutions to the enormous challenges facing the United States and the world economy." —Dennis Schwartz, Vice President, Pension Fund & Investments, Deere and Company "Woody Brock presents a powerful and provocative explanation of a public choice system that has lost its way. Through compelling logic and lucid narrative, he offers a bold solution to the current crisis and paints a picture of an economic future that can be salvaged. This book is compulsory reading for anyone with a serious interest in public policy." —Peter Crone, Chief Economist, Business Council of Australia and former Senior Economic Adviser to the Prime Minister of Australia, the Honourable John Howard "Woody Brock is a master at explaining complex, highly mathematical and often overlooked economic theories in terms any investor can understand. In American Gridlock, he uses new and sophisticated economic theory to derive win-win solutions to five of America's most pressing problems. His focus on deductive logic provides clarity of thought that should serve as a standard for economic and fi nancial writers everywhere." —Chris Doheny, Associate Director of Asset Allocation and Risk, The Ford FoundationTable of ContentsPreface xiii Chapter 1 Dialogue of the Deaf 1 What to Do About It What Went Wrong: Origins of the Dialogue of the Deaf The Role of Deductive versus Inductive Logic in Policy Analysis The Illogic of Policy Analysis Today What Must Be Done to Raise the Level of Debate Chapter 2 Must There Be a Lost Decade? 23 A Socratic Dialogue with the President Explains Why Not Reasons for Lackluster Growth During the Remainder of this Decade "Good" versus "Bad" Deficits, and the Main Policy Proposal The Identifi cation and Ranking of Public Investment Projects by Their Return When Huge Defi cits Are Justifi ed: A Unifi cation of the Arrow-Kurz and Keynesian Theories Chapter 3 Resolving the Entitlements Spending Crisis 75 How to Drive Health-Care Spending Down while Increasing Access A Supply-Side Solution to the Health-Care Crisis Three Basic Assumptions for an Optimal Health-Care System Expert Systems and Automation Redressing the Social Security Deficit Chapter 4 Preventing Perfect Financial Storms 119 When Everyone Was Too Clever by Half The Four Origins of Today's Financial Crisis The Role of Bad Economic Theory Emergence of a Pathological Incentive Structure Requisite Policy Reforms Chapter 5 Bargaining Theory 101 157 How Not to Deal with China The Origins of Economics Imperialism The Possibility of the Hegemony of Political Science: The Nash-Harsanyi Pluralistic Bargaining Model How Not to Negotiate with Thugocracies—The Case Study of China The Remarkable Power of the Bargaining Model in Political Science and Beyond Chapter 6 Beyond Democratic Capitalism 199 An Idealized Political Economy, with Distributive Justice True Textbook Capitalism, and the Correct Role of Government Beyond Effi ciency: The Eight Ideals of an Optimal Social System Distributional Equity A Comprehensive Theory of Distributive Justice Conclusion 231 Appendix A Supply/Demand Summary of the Patient Protection and Affordable Care Act 235 Appendix B Dynamics of Total Health-Care Expenditure 241 Notes 249 Index 267

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Book SynopsisNavigate the economy with this insightful new book The world is awash with economic information. Governments release reports. Pundits give their interpretation on television. And the stock market may go its own way, confusing everyone.Trade Review“Readers fearful (and rightly so) that a book about economics is probably dry and impenetrable can relax. Naroff and Scherer have delivered their ideas in richly readable stories, such as the tales of a trucker and a Tex-Mex restaurant that enliven the first chapter.” —Kevin Post, Business Editor, Press of Atlantic City, April 26, 2014Table of ContentsPreface ix Acknowledgments xiii Chapter 1: Introduction to the Economics of Context 1 Chapter 2: The Federal Reserve, Congress, and the Use of Context in Economic Policy 15 Chapter 3: We are All Economists and Don’t Know It 35 Chapter 4: How a Perfect World Would Work 57 Chapter 5: Shopper Nation: Why We Buy or Don’t Buy 79 Chapter 6: How is a Can of Tuna Like a Smartphone? Yes, Context! 101 Chapter 7: When to Spend, When to Cut, and When to Scratch Your Head Over the Federal Budget 123 Chapter 8: Tax Policy: Does Cutting Taxes Cure All Ills? 149 Chapter 9: Monetary Policy: Money, or Maybe the Federal Reserve, Makes the World Go ’Round 169 Chapter 10: The Panama Canal Widens and the Middle Class Grows in China—How Does That Affect Indiana? 187 Chapter 11: What Do We Do Now? 207 About the Authors 227 Index 229

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Book SynopsisUsing a unique, question-based format, Global Trade Policy offers accessible coverage of the key questions in trade and policy; it charts the changing policy landscape and evolving institutional arrangements for trade policies, examines trade theory, and provides students with an economic framework to better understand the current issues in national and international trade policy. Uses a unique, question-based format to explore the questions and current debates in international trade policy and their implications Explores trade theory to help guide discussions of trade policy, including traditional theories of inter-industry trade, as well as newer theories of intra-industry and intra-firm trade Examines the national and international effects of widely used policies designed to directly and indirectly affect trade, and considers the evolving institutional arrangements for these Charts the changing policy landscape from traditional tradeTrade Review"Summing Up: Highly recommended. Upper-division undergraduate and graduate students." (Choice, 1 May 2014) Table of ContentsAcknowledgments xi List of Tables xv List of Figures xvii Preface xxi Part One Trade Theory as Guidance to Trade Policy 1 1 Preliminaries: Trade Theory 3 1.1 What Are the Core Questions Asked by International Trade Economists? 3 1.2 How Can Trade Theory Provide Guidance to Trade Policy? 4 1.3 How Has International Trade Evolved over Time in Practice? 5 1.4 How Has Trade Theory Evolved over Time? 6 1.5 How Is the Book Organized? 9 Further Reading 11 2 Inter-industry Trade 13 2.1 What Are the Effects of Trade in the Long Run, When Countries Differ in Technologies? 14 2.2 What Are the Effects of Trade in the Long Run, When Countries Differ in Endowments? 24 2.3 What Are the Effects of Trade in the Short Run, When Countries Differ in Immobile Endowments? 39 2.4 Summary Remarks 51 Applied Problems 54 Further Reading 55 3 Intra-Industry and Intra-Firm Trade 57 3.1 What Is Intra-Industry Trade and Its Effects? 58 3.2 What Is Intra-Firm Trade and Its Effects? 65 3.3 Summary Remarks 71 Applied Problems 74 Further Reading 76 Notes 78 Part Two Trade Policies and Their Effects 81 4 Preliminaries: Trade Policy and Welfare Considerations 83 4.1 What Are Traditional Trade Policies? 83 4.2 What Approaches Are Used to Examine Trade Policy? 84 4.3 What Are the Welfare Effects of Liberalizing Trade Policy? 85 4.4 How Is Part Two Organized? 88 Further Reading 89 Note 90 5 Tariffs 91 5.1 What Are Tariffs, Their Types and Purpose? 91 5.2 What Are the Effects of Tariffs? 92 5.3 What Are the Effects of Tariff Liberalization? 107 5.4 How Protective Are Tariffs of the Domestic Industry? 109 5.5 Summary Remarks 111 Applied Problems 115 Further Reading 116 Notes 117 6 Export Subsidies 119 6.1 What Are Export Subsidies, Their Types and Purpose? 119 6.2 What Are the Effects of Export Subsidies? 120 6.3 What Are the Effects of Liberalizing Export Subsidies? 137 6.4 Summary Remarks 138 Applied Problems 142 Further Reading 143 Note 143 7 Quantitative Restrictions 145 7.1 What Are Quantitative Restrictions, Their Types and Purpose? 145 7.2 What Are the Effects of Quantitative Restrictions? 147 7.3 Summary Remarks 157 Applied Problems 160 Further Reading 160 8 Policy Comparisons 163 8.1 What Are Policy Equivalents, and Their Purpose? 163 8.2 What Are the Relative Effects of Policy Equivalents? 164 8.3 What Are the Relative Effects of Liberalizing Policies? 172 8.4 What Are the Effects of Substituting Policies? 174 8.5 Summary Remarks 176 Applied Problems 180 Further Reading 182 Note 182 Part Three Trade-Related Policies 183 9 Preliminaries: Trade-Related Policies and Trade in Services 185 9.1 What Are Trade-Related Policies? 185 9.2 How Have Trade-Related Policies Evolved over Time in Practice? 186 9.3 How Have Trade Policies Toward Services Evolved over Time in Practice? 188 9.4 How Is Part Three Organized? 190 Further Reading 191 Notes 192 10 Intellectual Property Rights 193 10.1 What Are Intellectual Property Rights, Their Types, and Purpose? 193 10.2 What Are the Effects of Intellectual Property Rights? 196 10.3 How Have Intellectual Property Rights Evolved over Time in Practice? 202 10.4 What Are the Intellectual Property Rights Issues on the Policy Frontier? 206 10.5 Summary Remarks 208 Applied Problems 211 Further Reading 212 Notes 214 11 Environmental Policies 215 11.1 What Are Trade-Related Environmental Policies, Their Types and Purpose? 215 11.2 What Are the Effects of Trade Policy on the Environment? 216 11.3 What Are the Effects of Environmental Policy on Trade? 219 11.4 What Are the Implications of Using Trade Policy to Address Environmental Externalities? 221 11.5 Summary Remarks 232 Applied Problems 235 Further Reading 237 Notes 238 12 Labor Policies 239 12.1 What Are Trade-Related Labor Policies, Their Types, and Purpose? 239 12.2 What Are the Effects of Trade Policy on Labor? 241 12.3 How Can the Gains and Losses from Trade Be Redistributed within Countries? 264 12.4 What Are the Effects of Labor Policy on Trade? 265 12.5 Summary Remarks 267 Applied Problems 270 Further Reading 271 Notes 272 13 Growth and Development Policies 273 13.1 What Are Trade-Related Development and Growth Policies, Their Types, and Purpose? 273 13.2 What Are the Effects of Trade on Development and Growth? 275 13.3 What Are the Effects of Growth on Development (or Welfare) in the Presence of Trade? 287 13.4 Summary Remarks 295 Applied Problems 298 Further Reading 299 Notes 301 Part Four Trade Arrangements 303 14 Regional and Multilateral Arrangements 305 14.1 What Are the Institutional Arrangements for Trade Policy? 306 14.2 What Are the Effects of Alterative Arrangements for Trade Policy? 310 14.3 Are Regional Arrangements Stepping Stones or Stumbling Blocks to Multilateral Liberalization? 321 14.4 Summary Remarks 323 Applied Problems 327 Further Reading 329 Notes 331 References 333 Index 339

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Book SynopsisFundamental to management thinking and economic theory, Competitive Strategy offers a framework for understanding the underlying forces of competition in industry and business. This book explains the ideas, theories and principles of Competitive Strategy in simple, straightforward terms.Table of ContentsIntroduction. Part I: Laying the Foundations of Competitive Strategy. Chapter 1: Gearing Up to Get Competitive. Chapter 2: Laying the Foundations of Strategy. Part II: Being Competitive. Chapter 3: Feeling the Effects of the Forces of Competition. Chapter 4: Scanning and Analysing Your Competitive Environment. Chapter 5: Looking to Leadership. Part III: Putting Strategic Management into Action. Chapter 6: Assessing Your Competition. Chapter 7: Appraising Investments. Chapter 8: Finessing Your Finances. Chapter 9: Matching Products and Services with Your Customers and Clients. Chapter 10: Putting Your Competition in Context. Part IV: Enhancing Your Competitive Strategy. Chapter 11: Pulling Together a Comprehensive Strategic Plan. Chapter 12: Defi ning and Establishing Organisation Structure and Culture. Chapter 13: Doing The Right Things: Ethics. Chapter 14: Wrangling with Risk. Part V: Looking Towards Your Future. Chapter 15: Venturing Into Mergers, Acquisitions and Takeovers. Chapter 16: Getting the Big Picture: Globalisation. Chapter 17: Pointing Your Company Towards the Future. Part VI: The Part of Tens. Chapter 18: Ten (Or So) Great Books on Competitive Strategy in Action. Chapter 19: Ten (Or So) Questions to Ask About Any Corporate Investment. Chapter 20: Ten Tips on Mergers and Acquisitions. Chapter 21: Ten (Or So) Top Ways to Manage Risk. Index.

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Book SynopsisIn this updated, second edition of the highly acclaimed international best seller, The Dollar Crisis: Causes, Consequences, Cures, Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump. The Dollar Crisis is divided into five parts: Part One describes how the US trade deficits, which now exceed US$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble. Part Two explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable. Part Three analyzes the extraordinarily harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world. Part Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worTrade ReviewPosterity may remember The Dollar Crisis as a seminal book in the field of 21st century economics. Indeed, rarely has a book offered such a grim yet, well argued view of the current economic situation facing the world.-- Steven Irvine, FinanceAsia Duncan writes like a man who’s already seen tomorrow. -- James Grant, Grant’s Interest Rate Observer I held a class for about 150 people on the book entitled "The Dollar Crisis," authored by Richard Duncan. If you want to better understand why the real estate bubble bust and the crash of the dollar will probably lead to a prolonged recession, you may want to read this book sooner rather than later. In a nutshell, we really do not have a real estate bubble... the world is in a currency bubble. In other words, the governments of the world have printed too much "funny" money and cash will soon turn to trash. Even if you are not in real estate or are saving dollars, you may want to read this book to find out what you need to invest in now, before the bubble bursts. If you are in stocks and mutual funds, you definitely want to read this book.-- Robert Kiyosaki, author of Rich Dad, Poor Dad I would like every one of my subscribers to click on to Amazon.com and buy a new book that has just been published entitled, “The Dollar Crisis, Causes, Consequences, Cures.” The book costs around twenty bucks and is worth ten times that amount. The author, Richard Duncan has a great background and is as smart as they come. He explains why he sees a crashing dollar and a severe recession coming up in the US – plus a world recession. This is no wild-eyed guru, this is a guy who knows what he’s talking about and a guy who understands money and the world monetary system – he’s worked for both the World Bank and the International Monetary Fund. Please buy this book!-- Richard Russell, Dow Theory Letters Richard Duncan crisply explains why payback time for years of credit excesses, payments imbalances and securitized sub-par lending is imminent. Mr Greenspan, your time is up. --Philip Bowring, International Herald Tribune Richard Duncan’s excellent book… we cannot recommend it enough.-- Bill Bonner, The Daily Reckoning Richard Duncan… is one of the brightest financial analysts I know. Richard is the author of one of my favorite books called The Dollar Crisis: Causes, Consequences, Cures.-- John Mauldin, Thoughts from the Frontline For a preview of how it might play out, consult Richard Duncan’s recently revised book, The Dollar Crisis: Causes, Consequences, Cures. Just try to sleep after digesting its thesis that the world’s biggest economy is looking like a huge and growing Ponzi scheme.--William Pesek Jr., International Herald TribuneTable of ContentsPreface to the Revised Edition. Introduction. PART ONE: THE ORIGIN OF ECONOMIC BUBBLES. Introduction. Chapter 1. The Imbalance of Payments. Chapter 2. Effervescent Economies. Chapter 3. The New Paradigm Bubble. Chapter 4. The Great American Bubble (of the 1920s). PART TWO: FLAWS IN THE DOLLAR STANDARD. Introduction. Chapter 5. The New Paradigm Recession. Chapter 6. The Fate of the Dollar: Half a Trillion Reasons Why the Dollar Must Collapse. Chapter 7. Asset Bubbles and Banking Crises. Chapter 8. Deflation. PART THREE: GLOBAL RECESSION AND THE DEATH OF MONETARISM. Introduction. Chapter 9. Global Recession: Why, When, and How Hard? Chapter 10. The End of the Era of Export-led Growth. Chapter 11. Monetarism is Drowning. PART FOUR: POLICY TOOLS FOR THE 21ST CENTURY. Introduction. Chapter 12. A Global Minimum Wage. Chapter 13. Controlling the Global Money Supply. PART FIVE: THE EVOLUTION OF A CRISIS. Introduction. Chapter 14. Deflation: The Red’s Greatest Fear. Chapter 15. The Run on the Dollar, 2003. Chapter 16. The Great Reflation. Chapter 17. Understanding Interest Rates in the Age of Paper Money. Chapter 18. What's Worrying The Chairman. Chapter 19. After Reflation, Deflation. Chapter 20. Bernankeism. Conclusion. Index.

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Book SynopsisResearchers in many fields are increasingly finding the Bayesian approach to statistics to be an attractive one. This book introduces the reader to the use of Bayesian methods in the field of econometrics at the advanced undergraduate or graduate level.Table of ContentsPreface xiii 1 An Overview of Bayesian Econometrics 1 1.1 Bayesian Theory 1 1.2 Bayesian Computation 6 1.3 Bayesian Computer Software 10 1.4 Summary 11 1.5 Exercises 11 2 The Normal Linear Regression Model with Natural Conjugate Prior and a Single Explanatory Variable 15 2.1 Introduction 15 2.2 The Likelihood Function 16 2.3 The Prior 18 2.4 The Posterior 19 2.5 Model Comparison 23 2.6 Prediction 26 2.7 Empirical Illustration 28 2.8 Summary 31 2.9 Exercises 31 3 The Normal Linear Regression Model with Natural Conjugate Prior and Many Explanatory Variables 33 3.1 Introduction 33 3.2 The Linear Regression Model in Matrix Notation 34 3.3 The Likelihood Function 35 3.4 The Prior 36 3.5 The Posterior 36 3.6 Model Comparison 38 3.7 Prediction 45 3.8 Computational Methods: Monte Carlo Integration 46 3.9 Empirical Illustration 47 3.10 Summary 54 3.11 Exercises 54 4 The Normal Linear Regression Model with Other Priors 59 4.1 Introduction 59 4.2 The Normal Linear Regression Model with Independent Normal-Gamma Prior 60 4.3 The Normal Linear Regression Model Subject to Inequality Constraints 77 4.4 Summary 85 4.5 Exercises 86 5 The Nonlinear Regression Model 89 5.1 Introduction 89 5.2 The Likelihood Function 91 5.3 The Prior 91 5.4 The Posterior 91 5.5 Bayesian Computation: The Metropolis–Hastings Algorithm 92 5.6 A Measure of Model Fit: The Posterior Predictive P-Value 100 5.7 Model Comparison: The Gelfand–Dey Method 104 5.8 Prediction 106 5.9 Empirical Illustration 107 5.10 Summary 112 5.11 Exercises 113 6 The Linear Regression Model with General Error Covariance Matrix 117 6.1 Introduction 117 6.2 The Model with General 118 6.3 Heteroskedasticity of Known Form 121 6.4 Heteroskedasticity of an Unknown Form: Student-t Errors 124 6.5 Autocorrelated Errors 130 6.6 The Seemingly Unrelated Regressions Model 137 6.7 Summary 143 6.8 Exercises 144 7 The Linear Regression Model with Panel Data 147 7.1 Introduction 147 7.2 The Pooled Model 148 7.3 Individual Effects Models 149 7.4 The Random Coefficients Model 155 7.5 Model Comparison: The Chib Method of Marginal Likelihood Calculation 157 7.6 Empirical Illustration 162 7.7 Efficiency Analysis and the Stochastic Frontier Model 168 7.8 Extensions 176 7.9 Summary 177 7.10 Exercises 177 8 Introduction to Time Series: State Space Models 181 8.1 Introduction 181 8.2 The Local Level Model 183 8.3 A General State Space Model 194 8.4 Extensions 202 8.5 Summary 205 8.6 Exercises 206 9 Qualitative and Limited Dependent Variable Models 209 9.1 Introduction 209 9.2 Overview: Univariate Models for Qualitative and Limited Dependent Variables 211 9.3 The Tobit Model 212 9.4 The Probit Model 214 9.5 The Ordered Probit Model 218 9.6 The Multinomial Probit Model 221 9.7 Extensions of the Probit Models 229 9.8 Other Extensions 230 9.9 Summary 232 9.10 Exercises 232 10 Flexible Models: Nonparametric and Semiparametric Methods 235 10.1 Introduction 235 10.2 Bayesian Non- and Semiparametric Regression 236 10.3 Mixtures of Normals Models 252 10.4 Extensions and Alternative Approaches 262 10.5 Summary 263 10.6 Exercises 263 11 Bayesian Model Averaging 265 11.1 Introduction 265 11.2 Bayesian Model Averaging in the Normal Linear Regression Model 266 11.3 Extensions 278 11.4 Summary 280 11.5 Exercises 280 12 Other Models, Methods and Issues 283 12.1 Introduction 283 12.2 Other Methods 284 12.3 Other Issues 288 12.4 Other Models 292 12.5 Summary 308 Appendix A: Introduction to Matrix Algebra 311 Appendix B: Introduction to Probability and Statistics 317 B.1 Basic Concepts of Probability 317 B.2 Common Probability Distributions 324 B.3 Introduction to Some Concepts in Sampling Theory 330 B.4 Other Useful Theorems 333 Bibliography 335 Index 347

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Book SynopsisThe Economic System provides an accessible account of introductory economics theory that allows students more fully to appreciate the main features and complexity of the economic system by integrating microeconomic and macroeconomic principles on a topic-by-topic basis.Table of ContentsChapter 1 The Economic System 1 Chapter 2 Market Analysis: Demand And Supply 35 Chapter 3 Beyond Demand: Consumers in the Economic System 77 Chapter 4 Beyond Supply: Firms in the Economic System 113 Chapter 5 Economic Activity: The Macroeconomy 155 Chapter 6 Competition in the Economic System 197 Chapter 7 Money and Financial Markets in the Economic System 239 Chapter 8 Challenges for the Economic System: Unemployment and Inflation 283 Chapter 9 Developing the Economic System: Growth and Income Distribution 321 Glossary 361 Index 387

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Book SynopsisNo nonsense solutions from the straight-talking face of British business. IF FUNDAMENTAL REFORM DOES NOT TAKE PLACE THEN WE ARE DEAD IN THE WATER. GLOBALISATION DOES NOT TAKE PRISONERS. BRITAIN MUST BECOME FIT FOR PURPOSE IN THE 21ST CENTURY.Trade Review'...an engaging, readable romp through the UK's ills...'. (Management Today & Management Today.co.uk, March 2011). ' Lord Jones blends elements of biography with a personal manifesto for the UK'. (Director & Director.co.uk, March 2011). '...offers an optimistic alternative for generating sustainable economic prosperity in the UK...an important contribution to the current debate.' (Western Mail & WalesOnline.co.uk, Thursday 7th April 2011) '...this is a book that has to be read.' (Business Life, May 2011) 'What Fixing Britain does is to stimulate not just debate, but also change - and hopefully, some positive action.' (The Bay, July 2011). 'The frustrations of being a leading business figure trying to work with the Government is laid bare in Lord Jones's new book.' (The SundayTelegraph & Telegraph.co.uk , Sunday 27th March 2011) '...analyses the problems and opportunities for UK business, domestically and globally.' (Warwickshire Courrier.co.uk, Friday 8 th April 2011) '...an outline of the radical changes he believes must take place if we are to retain any hope at all of keeping our national head above water in the 21 st century. ' (Business First Magazine & Business First Magazine.co.uk, May 2011). '...he has a lot to divulge from his own experiences...he communicates with passion...his recommendations are sound and sometimes brave.' (Financial World & FW.ifslearning.co.uk, May 2011) 'He writes about how Britain might be restructured politically, economically and socially for a better future.' (The Manufacturer.com, Monday 13 th June 2011) 'A Brilliant book...If everyone reads this book, England would be in a better shape than it is.' (Natural Health & Beauty, 1st February 2012)Table of Contents1 Five Minutes to Midnight – Time for Change. 2 The Voice of Business. 3 The Globe-Trotting Goat – Tethered by Westminster and Whitehall. 4 Education, Education, Education? 5 The World Moves East. 6 The Business of Politics: Fixing the System. 7 Taxing Britain Out of Business. 8 The Gimme Society. 9 Our Great Britain. Acknowledgements. Index.

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Book SynopsisThe RATS Handbook for Econometric Time Series is a very valuable resource for beginning RATS users as well as experienced users looking to learn more about time series techniques. Supporting materials can be found at: http://www.estima.com/enders/.Table of ContentsIntroduction to RATS. Stationary Time-Series. Modeling Volatility. Tests for Trends and Unit Roots. Vector Autoregression Analysis. Cointegration and Error Correction. Statistical Tables. References and Additional Readings.

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Book SynopsisWritten originally as a manual for the Federal Energy Commission to train regional rate regulators, this is a clear, comprehensive primer on the principles of economics and finance underlying the regulation of electricity markets and the deregulation of electricity generation.Trade Review"This training guide requires no familiarity with economics and uses a minimum of mathematics to provide power sector professionals with the tools to face change." (Business Horizons, September-October 2004) “...this collection is devoted tot he challenges that lie ahead in this area.” (Business Horizons, Vol. 47, No. 2, March/April 2004) "...a useful addition to the introductory literature on electricity market deregulation..." (The Journal of Energy Literature, Vol.1X, No.1, 2003) "...produced for...the thousands of professionals…who need to understand the underlying changes that are occurring...the value of this primer is that it covers many topics of regulatory economics...applicable to restructured electricity markets and introduces the reader to electricity markets..." (Energy Journal) "This book, sponsored by the Institute of Electrical and Electronics Engineers, is really an economics tutorial. It could well be worth millions of dollars to the right industry niche players... I highly recommend this title for anyone playing in this niche financial and energy market." (Business Information Alert, Vol. 15, No. 9, October 2003) "…I would recommend this book for self-study for any engineer…" (IEEE Power & Energy Magazine, July/Aug 2003)Table of ContentsPreface. Nomenclature. Electricity Regulation and Deregulation. Electricity Economics. The Cost of Capital. Electricity Regulation. Competitive Electricity Markets. The California Power Sector (Ryan Wiser, et al.). The Norwegian and Nordic Power Sectors (Helle Grønli). The Spanish Power Sector. The Argentine Power Sector. Glossary. References. Author Index. Subject Index. About the Authors.

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Book SynopsisThis text introduces economics in a manner of interest specifically for architectural students, relating it to decisions faced by architects in the early design phases. It describes the economic performance of building projects and design variables under the architect's control in the early phase.Table of ContentsThe Initial Cost of Building Projects. Initial Building (Construction) Cost. Financing Construction Projects. The Future Performance of Buildings: Cost-In-Use; Life Cycle Cost. Benefits and Value of Buildings. Relating Building Costs to Benefits: Measures of Economic Performance. Techniques of Economic Performance Analysis for Building Projects. Financial Feasibility Analysis for Building Projects. Conclusion. Appendices. Index.

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Book SynopsisThis volume describes the algebra of matrices and shows how to apply them to today's problems in applied economics. The first section covers the essentials of matrices while the second section concentrates on major topics in applied economics such as regression, linear programming, and time series.Trade Review"Suitable for a graduate level course on matrix for statisticsstudents. The book is written in an applied style and students willlike it." (Journal of Statistical Computation andSimulation, March 2006) "...well suited to its purpose...content is beautifully laidout..." (Mathematics Today, June 2004) "...designed for students of economics and for practicingeconomists..." (Quarterly of Applied Mathematics, Vol. LX,No. 1, March 2002) "Textbook suitable for a one-semester course introduces matrixalgebra and its application to economic problems." (Journal ofEconomic Literature, Vol. 40, No. 1, March 2002) "A textbook...explaining to students of economics how matrixalgebra is used in the profession...No prior mathematics is assumedbeyond high school algebra..." (Reference & Research BookNews, May 2002) "...practising economists who want to gain more mathematicalskills will also find the book at the right level..."(Zentralblatt Math, Vol. 982, No. 07, 2002) "...an excellent introductory text..." (Journal of theAmerican Statistical Association, December 1, 2002)Table of ContentsList of Chapters. Preface. BASICS. Introduction. Basic Matrix Operations. Special Matrices. Determinants. Inverse Matrices. NECESSARY THEORY. Linearly (IN)Dependent Vectors. Rank. Canonical Forms. Generalized Inverses. Solving Linear Equations. Eigenroots and Eigenvectors. Miscellanea. WORKING WITH MATRICES. Applying Linear Equations. Regression Analysis. Linear Statistical Models. Linear Programming. Markov Chain Models. References. Index.

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Book SynopsisThis text is designed for a one-quarter or one-semester course in introductory agricultural economics or agribusiness. It examines the structure and organization of the agricultural industry, then discusses basic micro- and macroeconomics principles as they apply to agriculture. Principles of economics are used to demonstrate to the student that theory actually makes reality more understandable.Table of Contents1. Introduction 1 2. The Farm and Food System 21 3. Consumer Behavior and Demand 49 4. Producer Decision Making: Single-Variable Input 77 5. Producer Decision Making: Two-Variable Inputs and Enterprise Selection 101 6. Production Costs, Supply, and Price Determination 137 7. Competition and the Market 171 8. Imperfect Competition and Market Regulation 191 9. Macroeconomics 217 10. Financial Picture of Agriculture 245 11. Agricultural Price and Income Policies 277 12. Market Agricultural Commodities 311 13. Natural Resources 345 14. Rural Development 369 15. International Economics 397 16. Agriculture's Role in Economic Development 429 17. Global Food Demand and Supply 451 A List of Reference Books for the Beginning Student 479 Basic Sources of Agricultural Statistics 483 Glossary 489 Photo Credits 505 Index 507

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Book SynopsisTruett and Truett's Eighth Edition shows how to use economic analysis to solve problems and make effective decisions in the complex world of business. The highly successful problem-solving approach, clear and accurate presentation of economic theory, and outstanding cases combine to make the best presentation of managerial economics yet.

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Book SynopsisWritten primarily for students taking courses in managerial economics in Britain and Europe, Business Economics and Managerial Decision Making analyses the growth and development of privately owned firms and also the decisions made by firms operating in both private and public sector enterprises.Table of ContentsPreface. Acknowledgements. I. Corporate Governance and Business Objectives. 1. Ownership control and corporate governance. 2. Business objectives and theories of the firm. 3. Risk and uncertainty. II Knowing the Market. 4. Consumer behaviour. 5. Demand analysis. 6. Estimation of demand functions. III. Understanding Production and Costs. 7. Production and efficiency. 8. Costs. IV. Pricing, Promotional and Investment Policies. 9. Pricing and market structure: theoretical considerations. 10. Pricing in practice. 11. Advertising. 12. Investment appraisal. V. Strategic Decisions: The Growth and Development of the Firm. 13. The entrepreneur and the development of the firm. 14. The boundaries of the firm. 15. The growth of the firm. 16. Changing the boundaries of the firm: vertical integration. 17. Changing the boundaries of the firm: diversification. 18. Changing the boundaries of the firm: divestment and exit. 19. Changing the boundaries of the firm: mergers. 20. Organizational issues and structures. 21. The growth and development of the firm: Stagecoach Group Plc. VI. Decision Making in the Regulated and Public Sectors. 22. Decision making in regulated businesses. 23. Public sector production. 24. Quasi-markets and non-market public sector. 25. Cost-benefit analysis. Glossary. Index.

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Book SynopsisWhen you combine nature's efficiency and the computer's speed, the financial possibilities are almost limitless. Today's traders and investment analysts require faster, sleeker weaponry in today's ruthless financial marketplace. Battles are now waged at computer speed, with skirmishes lasting not days or weeks, but mere hours.Table of ContentsGENETIC ALGORITHMS, NEURAL NETWORKS, AND CHAOS THEORY. Genetic Algorithms: Survival of the Fittest. Neural Networks: Brainware. Chaos Theory: The Order Behind Disorder. Questions and Answers About Using GAs. GENETIC ALGORITHM METHODOLOGY. A Genetic Algorithm: Step by Step. Fine-Tuning the Genetic Algorithm. GA Applications. Advanced GA Techniques. GENETIC ALGORITHMS AND INVESTMENT STRATEGIES. The Lure of Market Timing. Using GAs to Develop Investment Strategies. Stock Market Results. Bond Market Results. Results for Individual Stocks. Modifying the Search Procedure. Other Trading Applications and Conclusions. Glossary. Bibliography. Index.

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Book SynopsisThis essential addition to the acclaimed Portable MBA Series contains an important group of concepts and skills in order to understand the business environment along with a framework for making business decisions.Table of ContentsBusiness and Economics. MACROECONOMICS. Measuring Economic Activity. The Business Cycle. Producing Goods and Services. Inflation and Unemployment. Economic Lubricants. A Borderless World. MICROECONOMICS. Understanding the Market Process. Consumer Respnse. Producer Response. Putting It All Together. Appendix. Glossary. Notes. Index.

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Book SynopsisSystem dynamics is a method similar to econometrics and mathematical statistics. Normally it is used to provide a rigorous analysis of models in closed systems. Here, however, it is used to study capital accumulation, and the economic cycles.Table of ContentsThe Macroeconomic Operation of the Law of Value. Competition, Co-operation and Diffusion of Innovations. A Model of Cyclical Growth. Capital Accumulation as a Competitive-Co-operative System. The Profit-Wage Spiral. The Emerging Eco-wave. References. Index.

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Book Synopsis"Peter Dougherty does the near--impossible in this brilliant book... [he] makes economics engaging and accessible. " ----Professor Larry J.Table of Contents1. Letter Man 1 2. The Instructions 21 3. The Warning 30 4. Little Platoons 36 5. Enlightenment Wonk 47 6. Soul Survivors 65 7. Dragon Slayers 85 8. Comeback Kid 109 9. Kitchen Chemists 123 10. Egg Men 148 11. Urban Outfitters 167 Epilogue: Go with the Flow 185 Notes 191 Bibliography 210 Index 215

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Book SynopsisA state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications. The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisionsTrade Review"Inquisitive statisticians may find this book an interesting read in which to put their theories and epistemology to the test." (Journal of American Statistics, 2008) "In summary, this book is a "must have" for professionals and researchers who employ numerical methods in economic and financial modeling. The amount and quality of the material that the author offers is so generous that readers are likely to benefit from it even if they are not interested in some of the specific applications presented." (Interfaces, June 2008) "…a broad and enjoyable introduction to computational finance." (Journal of the American Statistical Association, December 2007) "...written in such a lucid way that it provides great pleasure in reading...excellent for students...of great value to practitioners who are new to the field." (MAA Reviews, November 23, 2006)Table of ContentsPreface to the Second Edition. From the Preface to the First Edition. PART I. BACKGROUND. 1. Motivation. 2. Financial Theory. PART II. NUMERICAL METHODS. 3. Basics of Numerical Analysis. 4. Numerical Integration: Deterministic and Monte Carlo Methods. 5. Finite Difference Methods for Partial Differential Equations. 6. Convex Optimization. PART III. PRICING EQUITY OPTIONS. 7. Option Pricing by Binomial and Trinomial Lattices. 8. Option Pricing by Monte Carlo Methods. 9. Option Pricing by Finite Difference Methods. PART IV. ADVANCED OPTMIZATION MODELS AND METHODS. 10. Dynamic Programming. 11. Linear Stochastic Programming Models with Recourse. 12. Non-Convex Optimization. PART V. APPENDICES. Appendix A. Introduction to MATLAB Programming. Appendix B. Refresher on Probability theory and Statistics. Appendix C. Introduction to AMPL. Index.

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Book SynopsisTwilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabia's troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. It's a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers' questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.Trade Review"Those who follow with their own tales of imminent economic collapse struggle to emerge from [Simmons'] shadow." (Spectator Business, October, 2008) "...this is an important book and worth reading" (The Royal Society for Asian Affairs, April 2006) "The author...is clearly an expert in his field.... I recommend anybody in the financial markets read this book." (Financial Engineering News, October 2006)Table of ContentsIllustrations ix Preface xiii Acknowledgments xxi PART ONE FROM BEDOUIN TO BOURGEOISIE 1 1 The Birth of a Nation 5 2 The History of Major Saudi Arabian Oil Discoveries 23 3 Saudi Arabia's Road to Oil Market Dominance 43 4 The Veil of Secrecy over Saudi Oil Reserves and Production 69 PART TWO THE EBBING OF THE SAUDI OIL BOUNTY 99 5 Saudi Aramco 101 6 Oil Is Not Just Another Commodity 129 PART THREE GIANTS AT THE TIPPING POINT 149 7 Ghawar, the King of Oilfields 151 8 The Second-Tier Oilfields 181 9 The Best of the Rest 199 10 Coming Up Empty in New Exploration 231 11 Turning to Natural Gas 245 PART FOUR TWILIGHT IN THE DESERT 261 12 Saudi Oil Reserves Claims in Doubt 265 13 Facing the Inevitable 281 14 Reading Between the Lines of the Latest News from Aramco 309 15 Aramco Invokes "Fuzzy Logic" to Manage the Future of Saudi Oil 325 16 In Search of Crisper Truths among the Confident Saudi Claims 333 17 Aftermath 341 Appendix A Methodology 355 Appendix B Supporting Technical Data 365 Appendix C The 1974 and 1979 Senate Hearings 377 Notes 385 Bibliography 391 Index 409

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Book SynopsisThe complete guide to econometrics and econometric analysis For students and practitioners of econometrics, Principles of Econometrics provides a complete overview of the subject, serving as both an extensive introduction to the subject and as a reference volume. This comprehensive text delves fully into the empirical determination of economic laws, highlighting the mathematical principles and techniques that economists use to test and determine theories using real-world data. Starting with an overview of economic relations and moving through an array of mathematical and statistical tools, Principles of Economics is a complete resource.

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Book SynopsisThis book offers solutions to the problems commonly encountered by economists trying to squeeze information out of partial or incomplete data--which is usually what they have to work with.Table of ContentsThe Classical Maximum Entropy Formalism: A Review. PURE INVERSE PROBLEMS. Basic Maximum Entropy Principle: Formulation and Extensions. Formulation and Solution of Pure Inverse Problems. Generalized Pure Inverse Problems. LINEAR INVERSE PROBLEMS WITH NOISE. Generalized Maximum Entropy (GME) and Cross-Entropy (GCE)Formulations. Finite Sample Extensions of GME-GCE. GENERAL LINEAR MODEL APPLICATIONS OF GME-GCE. GME-GCE Solutions to Ill-conditioned Problems. General Linear Statistical Model with a Non-scalar IdentityCovariance Matrix Statistical Model Selection. A SYSTEM OF ECONOMIC STATISTICAL RELATIONS. Sets of Linear Statistical Models. Simultaneous Equations Statistical Model. LINEAR AND NON-LINEAR DYNAMIC SYSTEMS. Estimation and Inference of Dynamic Linear Inverse Problems. Linear and Non-linear Dynamic Systems with Control. DISCRETE CHOICE-CENSORED PROBLEMS. Recovering Information from Multinomial Response Data. Recovering Information from Censored Response Data. COMPUTATIONAL NOTES. Computing GME-GCE Solutions. Epilogue. Selected Reading. Index.

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Book SynopsisThe authors reconsider the problem of parametrically specifying distribution suitable for asset--return models. They describe alternative distributions, showing how they can be estimated and applied to stock--index and exchange--rate data. The implications for options pricing are also investigated.Table of ContentsForeword Preface 1 Introduction 2 Univariate Stable Distributions 3 Identification, Estimation and Goodness of Fit 4 Empirical Comparison 5 Subordinated, Fractional Stable and Stable ARIMA Processes 6 ARCH-type and Shot Noise Processes 7 Multivariate Stable Models 8 Estimation, Association, Risk, and Symmetry of Stable Portfolios 9 Asset-Pricing and Portfolio Theory Under Stable Paretian Laws 10 Risk Management: Value at Risk for Heavy-Tailed Distributed Rating 11 Option Pricing Under Alternative Stable Models 12 Option Pricing for Infinitely Divisible Return Models 13 Numerical Results on Option Pricing: Modeling and Forecasting 14 Stable Models in Econometrics 15 Stable Paretian Econometrics: Unit-Root Theory and Cointegrated Models References Indexes Author-Index Subject-Index

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Book SynopsisThis text focuses on the issue of non-linear modelling of high frequency financial data. Non-linearity refers to situations in which there is a high degree of apparent randomness to the way in which a particular financial measure, price, interest rate, or exchange rate moves with time.Table of ContentsHIGH FREQUENCY MODELS IN FINANCE: MOTIVATIONS AND THEORETICAL ISSUES. Modelling with High Frequency Data: A Growing Interest for Financial Economists and Fund Managers (M. Gavridis). High Frequency Foreign Exchange Rates: Price Behavior Analysis and 'True Price' Models (J. Moody & L. Wu). DETECTING NONLINEARITIES IN HIGH FREQUENCY DATA: EMPIRICAL TESTS AND MODELLING IMPLICATIONS. Testing Linearity with Information-Theoretic Statistics and the Bootstrap (F. Acosta). Testing for Linearity: A Frequency Domain Approach (J. Drunat, et al.). Stochastic or Chaotic Dynamics in High Frequency Financial Data (D. Guégan & L. Mercier). F-consistency, De-volatization and Normalization of High Frequency Financial Data (B. Zhou). PARAMETRIC MODELS FOR NONLINEAR FINANCIAL TIME SERIES. High Frequency Financial Time Series Data: Some Stylized Facts and Models of Stochastic Volatility (E. Ghysels, et al.). Modelling Short-term Volatility with GARCH and HARCH Models (M. Dacorogna, et al.). High Frequency Switching Regimes: A Continuous-time Threshold Process (R. Dacco' & S. Satchell). Modelling Burst Phenomena: Bilinear and Autoregressive Exponential Models (J. Drunat, et al.). NON-PARAMETRIC MODELS FOR NONLINEAR FINANCIAL TIME SERIES. Application of Neural Networks to Forecast High Frequency Data: Foreign Exchange (P. Bolland, et al.). An Application of Genetic Algorithms to High Frequency Trading Models: A Case Study (C. Dunis, et al.). High Frequency Exchange Rate Forecasting by the Nearest Neighbours Method (H. Alexandre, et al.). Index.

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Book SynopsisEconometrics textbooks see their subject as a set of techniques; Magnus and Morgan see it as a set of practices. A combination of controlled experiment and anthropology of science, Methodology and Tacit Knowledge gives a rare inside view of how econometricians work, why econometrics is an art and not a set of simple recipes, and why, like all artists, econometricians differ in their techniques and finished works. This is economic methodology at its best. Kevin Hoover, University of California, Davis The tacit knowledge experiment was a highly commendable initiative. Its exploration of the theme of how knowledge is acquired and used in applied econometrics is unique and produced some fascinating insights into this process. Adrian Pagan, Australian National University It is rare, perhaps unique, to find leading empirical economists face the prospect of modelling the same phenomena, with the same data within the same limited time frame. A valuable and illuminatTable of ContentsIntroduction: Applied Econometrics and Design of Two Experiments (J. Magnus & M. Morgan). THE FIELD TRIAL EXPERIMENT. Organization of the Field Trial Experiment (J. Magnus & M. Morgan). A Statistical Demand Function for Food in the USA (J. Tobin). On the Correspondence Between Individual and Aggregate Food Consumption Functions: Evidence from the USA and the Netherlands (H. Anderson & F. Vahid). The Demand for Food in the United States and the Netherlands: A Systems Approach with the CBS Model (H. van Driel, et al.). Revisiting Tobin's 1950 Study of Food Expenditure (E. Leamer). Empirical Econometric Modelling of Food Consumption Using a New Informational Complexity Approach (P. Bearse, et al.). A Comparative Study of Modelling the Demand for Food in the United States and the Netherlands (H. Song, et al.). Statistical Demand Functions for Food in the USA and the Netherlands (D. de Crombrugghe, et al.). The Dynamics and Statics of Food Consumption: Tobin Revisited (R. Hoglung, et al.). Tobin's Study on the Demand of Food in the US Revisited: An Examination of the Issue of Pooling Information from Budget Studies and Time Series (G. Maddala, et al.). My 1950 Food Demand Study in Retrospect (J. Tobin). Comparative Assessments of the Field Trial Experiment (A. Barten, et al.). Analysis of the Field Trial Experiment (J. Magnus & W. Siegert). Lessons from the Field Trial Experiment (J. Magnus & M. Morgan). THE TACIT KNOWLEDGE EXPERIMENT. Organization of the Tacit Knowledge Experiment (J. Magnus & M. Morgan). An Application of Three Econometric Methodologies to the Estimation of the Income Elasticity of Food Demand (W. Siegert). An Econometric Analysis of US Food Expenditure, 1931-1989 (D. Hendry). Is this How I Look? (E. Leamer). The Tilburg Experiments: Impressions of a Drop-Out (A. Pagan). Lessons from the Tacit Knowledge Experiment (J. Magnus & M. Morgan). THE DATA. Description of the US Data (J. Magnus & M. Morgan). Description of the Dutch Data (J. Magnus & M. Morgan).

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Book SynopsisThe tourism and hospitality sector is, arguably, one of the largest components of the global economy, with a growth rate in consumption that supersedes that of most other goods and services. As a consequence, the profile of tourists is changing as consumers become more experienced, more demanding, and more likely to treat tourism purchases in very much the same way as they do any other item of consumption. This coupled with the globalisation of communications transport and technology are creating a new environment for tourism professionals. The challenge is now to recognise the breadth of the information environment and to be able to manage it successfully. This book is designed to provide managers and researchers with insights into the practical application of tools for gathering and analysing information. These tools can be used in understanding tourism phenomena and in planning responses. Although quantitative in focus, the methods presented here draw on a variety of disciplinary orTable of ContentsQuantitative Methods: Introductory Note (R. Mudambi). Input-Output Models (J. Fletcher). Portfolio Models of Tourism (M. Sinclair). Transactions Cost Analysis of Tourism (P. Buckley). Behavioral Models Related to Tourism (S. Hiemstra & J. Ismail). An Empirical Analysis of Oligopolistic Hotel Pricing: The Case of Bermuda Resort Hotels (T. Baum & R. Mudambi). A Positioning Analysis of Hotel Brands (C. Dev, et al.). A Utility Analysis of Cross-Time Tourism Consumption (Z. Gu). Multidisciplinary Methods: Introductory Note (T. Baum). Assessing Local Income and Employment Effects of Tourism: Experience Using the Nordic Model of Tourism (M. Paajanen). Strategic Segmentation: An Empirical Analysis of Tourist Expenditure in Turkey (R. Mudambi & T. Baum). The Economic Aspects of Location Marketing (S. Wanhill). Package Holiday Pricing: Cause of the IT Industry's Success, or Cause for Concern? (E. Laws). Economic Pricing Strategies for Hotels (S. Hiemstra). Environmental Aspects of Tourism: Applications of Cost-Benefit Analysis (M. Stabler). Index.

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Book SynopsisIn Econometrics the author has provided a text that bridges the gap between classical econometrics (with an emphasis on linear methods such as OLS, GLS and instrumental variables) and some of the key research areas of the last few years, including sampling problems, nonparametric methods and panel data analysis.Table of ContentsPreface. Notation. Regression Models. Sampling. Time Series. Point Estimation. Statistical Accuracy and Hypothesis Testing. The Classical Linear Model: Estimation. Violations of the Ideal Conditions for OLS. Diagnostics Based on the OLS Estimates. The Classical Linear Model: Hypothesis Testing. Asymptotic Properties of Least Squares Methods. The Instrumental Variables Method. Linear Models for Panel Data. Linear Simultaneous Equation Models. Nonparametric Methods. M-Estimators. Adaptive and Robust Regression Estimators. Models for Discrete Responses. Models for Truncated and Censored Data. References. Appendix A: Review of Linear Algebra. Appendix B: Methods of Numerical Maximization. Appendix C: Review of Probability. Appendix D: Elements of Asymptotic Theory. Index.

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Book SynopsisA comprehensive approach to renewing troubled companies

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Book Synopsis

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Book SynopsisProvides a much-needed study of the ins and outs of negotiation.

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Book Synopsis

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Book SynopsisKevin Greene shows how archaeology can help provide a more balanced view of the Roman economy by informing the classical historian about geographical areas and classes of society that received little attention from the largely aristocratic classical writers whose work survives.

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Book SynopsisA study that makes a case for very deep roots of Eastern European backwardness. It states that while economics may limit the freedom of action of political players, it does not determine political outcomes. It offers a theoretically complex synthesis that demonstrates the interaction of politics and economics.Table of ContentsACKNOWLEDGMENTS I. Causes and Consequences of Backwardness Daniel Chirot 2. Economic Backwardness in Eastern Europe in Light of Developments in the West Robert Brenner 3. Agrarian Systems of Central and Eastern Europe Peter Gunst 4. The Polish Economy and the Evolution of Dependency Jacek Kochanowicz 5. Tradition and Rural Change in Southeastern Europe During Ottoman Rule Fikret Adanir 6. Imperial Borderlands or Capitalist Periphery? Redefining Balkan Backwardness, 1520-1914 John R. Lampe 7. The Social Origins of East European Politics Gale Stokes CONTRIBUTORS INDEX

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Book SynopsisPresents an answer to the question: 'What is fair'? This book argues that much of the empirical methodology of the natural sciences should be applied to the ethical questions of fairness and justice.

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Book SynopsisAims to present a provocative meditation on bioregionalism and what it means to live, work, eat and play in relation to naturally defined areas. This work gives a textured portrait of the author's own home, the Putah-Cache watershed in California's Sacramento Valley, demonstrating how bioregionalism can be practiced in everyday life.Table of ContentsList of Illustrations Preface Introduction: Bioregional Thinking 1. Grounding: Finding the Physical Place 2. Living: Awakening to a Live Region 3. Reinhabiting: Recovering a Bioregional Culture 4. Fulfilling: Celebrating the Spirit of Place 5. Imagining: Creating Art of the Life-Place 6. Trading: Exchanging Natural Values 7. Planning: Designing a Life-Place 8. Building: Making Bioregions Work 9. Learning: Spreading Local Wisdom 10. Acting: Taking Personal Responsibility Notes General Bibliography Index

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Book SynopsisPrepares students for a world in which more data surround us every day and in which econometric tools are put to diverse uses. This text not only teaches best practices and advanced techniques, but uses vivid examples and data obtained from a variety of real world sources. It prepares the reader for today's econometric work.Table of ContentsPreface Acknowledgments About the Authors 1 Introduction to Econometrics 2 Simple Regression 3 Multiple Regression 4 Generalizing from a Sample 5 Properties of Our Estimators 6 Hypothesis Testing and Confidence Intervals 7 Predicting in a Nonlinear World 8 Best of BLUE I: Cross-Section Data and Heteroskedasticity (Assumption CR2) 9 Best of Blue II: Correlated Errors (Assumption CR3) 10 Sample Selection Bias (Assumption CR1) 11 Identifying Causation 12 Instrumental Variables: A Solution to the Endogeneity Problem Appendix: Critical Values for Commonly Used Tests in Econometrics Notes

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Book SynopsisSewing Hope offers the first account of a bold challenge to apparel-industry sweatshops. The Alta Gracia factory in the Dominican Republic is the anti-sweatshop. It boasts a living wage three times the legal minimum, high health and safety standards, and a legitimate union-all verified by an independent monitor. It is the only apparel factory in the global south to meet these criteria. The Alta Gracia business model represents an alternative to the industry's race to the bottom with its inherent poverty wages and unsafe factory conditions. Workers' stories reveal how adding $0.90 to a sweatshirt's production price can change lives: from getting a life-saving operation to reuniting families; from obtaining first-ever bank loans to getting running water; from purchasing children's school uniforms to taking night classes. Sewing Hope invites readers into the apparel industry's sweatshops and the Alta Gracia factory. Learn how the anti-sweatshop started, how it overcame challenges, and how the impact of its business model could transform the global industry.Trade Review“Full of data with academic rigor arguing for a living wage as well as rich stories of the impact in human lives of such a wage. We highly recommend the book.” * The Human Thread *"This is a must read for anyone concerned with escalating inequality globally and the potential of labor organizing in tandem with more humane corporate management for transforming communities." * New York Journal of Books *Table of ContentsPreface 1. The Difference between Heaven and Earth Introducing Alta Gracia 2. From Factory Favorite to Fighter Human Cost of the “Race to the Bottom” 3. Risky Proposition, Unlikely Alliance Founding a New Factory 4. Ideals into Action Building an Anti-Sweatshop Model 5. Escaping Scripted Roles Unexpected Benefits of a New Approach 6. Stories of Transformation Diverse Impacts of a Living Wage 7. Surviving on Our Own Adjusting the Business Model 8. Replication or Revolution Alta Gracia in Context Afterword: Taking Action Acknowledgments Notes Bibliography Index About the Authors

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Book SynopsisRecently, social science has had numerous episodes of influential research that was found invalid when placed under rigorous scrutiny. The growing sense that many published results are potentially erroneous has made those conducting social science research more determined to ensure the underlying research is sound.Transparent and Reproducible Social Science Research is the first book to summarize and synthesize new approaches to combat false positives and non-reproducible findings in social science research, document the underlying problems in research practices, and teach a new generation of students and scholars how to overcome them. Understanding that social science research has real consequences for individuals when used by professionals in public policy, health, law enforcement, and other fields, the book crystallizes new insights, practices, and methods that help ensure greater research transparency, openness, and reproducibility. Readers are guided through well-known problems and are encouraged to work through new solutions and practices to improve the openness of their research. Created with both experienced and novice researchers in mind, Transparent and Reproducible Social Science Research serves as an indispensable resource for the production of high quality social science research.Trade Review"Reminds us to, occasionally, take a moment for self-reflection to question what we are doing as individual researchers or as a scientific community and whether we should overcome certain habits to get better at our job of explaining the world around us." * Politics and the Life Sciences *Table of ContentsList of Figures List of Tables Acknowledgments PART ONE. INTRODUCTION AND MOTIVATION 1 Introduction 2 What Is Ethical Research? PART TWO. PROBLEMS 3 Publication Bias 4 Specification Searching PART THREE. SOLUTIONS 5 Using All Evidence: Registration and Meta-analysis 6 Pre-analysis Plans 7 Sensitivity Analysis and Other Approaches PART FOUR. PRACTICES 8 Reporting Standards 9 Replication 10 Data Sharing 11 Reproducible Workflow 12 Conclusion Appendix Bibliography Index

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