Economics Books

Book SynopsisThis unique Handbook charts shifts in the relationship between risks and inequalities over the last few decades, analysing how inequalities shape risk and how risks condition and intensify inequalities. Expert contributors examine the impacts of environmental, financial, social, urban, economic, and digital risks on inequalities, at both national and global levels.Identifying how the rise of novel risk formations is associated with changes in contemporary political economies, chapters explore new areas of research including the new urban crisis, the gendered impacts of precarious labour and social inequality in relation to agro-biotechnology. Contributing to an underdeveloped area of research, the Handbook breaks new ground to explore how tackling important issues via the prism of risk and inequality can provide novel insights, that solely focusing on only one or the other of these issues cannot.This Handbook will be critical reading for scholars and students of sociology, sociological theory, geography and political science. Its exploration of shifts in contemporary socially produced risks will also be beneficial for practitioners, economists and policy makers in these areas.Trade Review‘A timely examination of the intersection of risks and inequalities in our “world at risk”, this Handbook brings together innovative theoretical analysis and significant empirical insights. It wholly fulfils its promise to address a gap in the current debate and to delineate novel approaches for understanding the effects of man-made risks across groups, domains, and societies.’ -- Maria Grazia Galantino, Sapienza University of Rome, ItalyTable of ContentsContents: Preface xiii 1 Introduction to the Handbook on Risk and Inequality 1 Dean Curran PART I DIFFERENT DIMENSIONS OF RISK 2 Finance, risk, and inequality 17 Thibault Darcillon 3 Dimensions of risk and environmental inequality 39 David N. Pellow 4 Risk and (welfare state) politics 53 Philipp Rehm 5 Changing risks, individualisation and inequality in a recast welfare state 70 Klaus Rasborg 6 Digital risk and inequality 88 Elizabeth Cameron and Dean Curran PART II THEORIZING RISKS AND INEQUALITY 7 Actor, structure and inequality: an intersectional perspective of risk 107 Katarina Giritli Nygren, Anna Olofsson and Susanna Öhman 8 Risk and new realities: social ontology, expertise and individualization in the risk society 128 Philip Walsh 9 Corporations, class and the normalization of risk 143 Laureen Snider and Steven Bittle 10 Risk and trust: ethnomethodological orientations to risk theorizing 163 Patrick G. Watson PART III SPECIAL TOPICS AND NEW AREAS OF RESEARCH 11 Inequality rising: the gendered impacts of precarious labor and financialization 179 Ghazal Mir Zulfiqar and Aleena Shafique 12 Beyond the spirit of the new urban crisis: risk-class and resonance 194 David Tyfield 13 Science, food, and risk: ecological disasters and social inequality under the GMO regime 233 Md Saidul Islam 14 Risk society and epistemic inequality: rising voices from the ‘Global South’ in global governance 247 Joy Y. Zhang 15 The political economy of climate vulnerability: searching for common ground in a retrotopian world 261 David Champagne Index

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Book SynopsisBased upon his life-long collaboration with Hyman Minsky, Piero Ferri explores and reconsiders Minsky's moments in the aftermath of the 'Great Recession' of 2008. He sets out the analytical and methodological foundations of Minsky's financial instability hypothesis, offering insightful comments from a unique insider s perspective. This book stresses the necessity of including what has been recently discovered about Minsky's financial instability hypothesis into his lifelong research program, in order to obtain a more complete picture of both his vision and his analytical apparatus. It seeks to move beyond a discussion of Minsky's original ideas, to verify how they are capable of meeting the challenges derived from the modern evolution of the economy. Developing a meta-model based on regime switching, Piero Ferri examines how the different financial instability hypotheses can be accounted for.Researchers and advanced students in macroeconomics and finance will greatly benefit from the exploration of how Minsky predicted the 'Great Recession', and why his work is of fundamental relevance today. Economic policy makers will also find this book to be a useful tool in discovering methodological innovations to aid further financial recovery from the 2008 economic crisis.Trade Review'This book presents interesting and original insights into Hyman Minsky's thinking based on a long and close personal relationship. It offers a variety of new developments and draws on the author's extensive knowledge of economic thinking over the past 50 years to put Minsky's work into context.' --Steven Fazzari, Washington University in St. Louis, US'Piero Ferri's new book offers an alternative approach to Hyman Minsky's well-known financial instability hypothesis (FIH) that is well-grounded in work on which they collaborated for over a decade. Rather than focusing on the ''Minsky Moment'' as so many others have done, Ferri places the FIH within Minsky's life-long research program that began with his dissertation and continued in his years at the Levy Economics Institute before his death in 1996. The FIH is presented as a particular case of Minsky's general vision of the evolution of a complex, dynamic system. While instability is natural, it is constrained by policy and institutional ceilings and floors. Building on co-authored papers with Minsky, Ferri extends the analysis, in particular by returning to and updating Minsky's early focus on the dynamics of labor markets in models that allow for more complex analysis.' --L. Randall Wray, University of Missouri-Kansas City and Levy Economics Institute, US'This book is a fascinating journey in search of the inner roots of the financial instability hypothesis theorized by Minsky. His towering figure assumes a convincing new light, where heterogeneity, emergency and complexity converge in the idea that credit, and not money, and private information are the links that connect present and future. The reader will recognise Minsky as a unique figure among the economists of the last century.' --Mauro Gallegati, Polytechnic University of Marche, ItalyTable of ContentsContents: Preface 1: Overview Part I “It” Happened Again 2. The Minsky Moment And The Economics Of Minsky 3. A Synoptic View Of The Financial Instability Hypothesis 4. An Insider’s View Part II Co-Authoring 5. Prices, Employment And Prices 6. The Breakdown Of The IS-LM Synthesis: Implications For Post-Keynesian Economic Theory 7. Market Processes And The Thwarting System Part III Deepening The Methodology 8. Micro And Macro In Minsky’s Models 9. The Foundations Of Medium-Run Dynamics 10. New Tools For Dynamics Part IV Entering The Black Box 11. Drivers, Adapters And Constraints 12. Growth, Technical Change And Unemployment 13. Heterogeneity In The Labor Market Part V The Economics Of Minsky In A Dynamic Setting 14. The Financial Instability Hypothesis And The Great Recession 15. A Meta-Model Of The Financial Instability Hypothesis 16. Final Considerations And Challenges Index

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Book SynopsisThis insightful Modern Guide offers a broad coverage of questions and controversies encountered by contemporary economists. A refreshing approach to philosophy of economics, chapters comprise a range of methodological and theoretical perspectives, from lab and field experiments to macroeconomics and applied policy work, written using a familiar, accessible language for economists. Highlighting key areas of methodological controversy, the Modern Guide looks at estimating utility functions in choice data, causal modelling, and ethics in randomised control trials. Chapters further explore topical issues, including: economists' attitudes to other disciplines; gender bias in economic research; methods of modelling social influence in economics; behavioural welfare economics; anti-poverty policy controversies; and inflexible reliance on DSGE models in macroeconomics. Furthermore, it explores the implications of the last financial crisis for macroeconomic confidence, and ways to adapt abstract theory to everyday policy advice. Avoiding philosophical jargon, and with the majority of chapters written by economists, this Modern Guide will challenge economists and scholars of philosophy of economics to engage with different approaches to the topic. This will also be a useful tool for policy makers administering nudges, development initiatives, macro-forecasting and monetary policy.Trade Review'This collection of essays is a naturalist take on modern attitudes to the theory and practice of economics. The contributors are naturalists in the sense that biologists understand the term--they comment on what is actually going on in the world of economic research, and how it fits into a general scheme of things. They are modern in the sense that they are not turning over the same old ground, but genuinely thinking anew about the future of economics. Anybody interested in the philosophy of economics will find plenty to agree and disagree with in this timely collection.' -- Ken Binmore, University College London, UKTable of ContentsContents: 1 Introduction: useful philosophy of economics 1 Harold Kincaid and Don Ross 2 Utility measurement: some contemporary concerns 14 Nathaniel T. Wilcox 3 Making progress on causal inference in economics 28 Harold Kincaid 4 Experimental design and Bayesian interpretation 66 Glenn W. Harrison 5 Randomised trials in economics 90 Seán M. Muller 6 Are economists’ self-perceptions as epistemically superior self-defeating? 127 Jack Wright 7 Gender biases in economics 146 Julie A. Nelson 8 On the foundations of behavioural and experimental economics 157 Andreas Ortmann 9 Modelling Homo sociologicus : social influence and interdependent behaviour in economics 182 Michiru Nagatsu 10 Welfare economics in large worlds: welfare and public policies in an uncertain environment 208 Guilhem Lecouteux 11 Poverty measurement and mitigation: a case study of contestation and compromise in South Africa 234 Julian May 12 Core models in macroeconomics 254 Aki Lehtinen 13 The nature of DSGE macroeconomics 284 Alex Rosenberg 14 Theory and evidence as drivers of economists’ opinions regarding the impact of fiscal stimulus 312 Edward E. Leamer and Sumit Shinde 15 Everyday economics 343 Don Ross and Matthew Townshend Index

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Book SynopsisMorality and Power offers a compelling critique of orthodox economic analysis and its impacts on public policy. Mike Berry argues that the theoretical underpinning of evaluative tools like cost-benefit analysis rests on an incoherent concept of 'efficiency' derived from Paretian welfare economics. Beginning by reviewing the historical progression of economic thought, Berry argues there has been a lack of crucial development in economic thinking in public policy since the economic crisis of 2008. The ethically unacceptable outcomes of the current public policy approach are exposed: most notably the support for policies that accentuate inequality and social polarization; the outbreak of crises in the financial sector, and the treatment of refugees and migrants. Finally, threats to liberal democracies in an age of rampant populism and rising nationalism are examined, offering noteworthy suggestions for an alternative democratic future. Both students and practitioners of heterodox economics and public policy will find this book a compelling insight into the ethical concerns of neoliberal policies shaped by politicians and policymakers today.Trade Review'Critical of the dominant neoliberal application of economics to public policy, Berry makes a convincing case for the renewal of ethical principles in search of wealth and the ''good life''. Erudite and accessible, this book is an intellectual tour de force that covers the major historical and normative aspects of capitalist economies in its quest for more sustainable alternatives.' --Manfred B. Steger, University of Hawai'i at Manoa, US and RMIT University, Australia'This is a wonderful book full of insight and argument about the biggest issues facing humanity. Mike Berry writes with verve and imagination, translating the history of ethics and economics into a manifesto for 21st century public policy. Its scope is something to behold.' --Gordon Clark, University of Oxford, UK'This outstanding book shows why mainstream economics, purporting to be the premier social science, is really neither social nor scientific. Economists' standard conception of individual rationality ignores the social context, values and power structures that shape actual economic outcomes. Berry's book takes us through the evolution of key economic ideas about markets, efficiency and welfare, explaining how economists lost their way. It shows how an explicitly ethical alternative can help us to deal with current challenges like financial instability, economic inequality and environmental crisis. It is warmly recommended to readers seeking a more sensible and humane approach to public policy.' --Frank Stilwell, the University of Sydney, AustraliaTable of ContentsContents: Preface Part I Foundations 1. Introduction 2. David Hume’s “Judicious Spectator” 3. Bentham’s Legacy 4. J.S. Mill’s Apostasy 5. The Retreat to the Margin Part II Analysis 6. The Concept of Economic Welfare 7. Cambridge versus Lausanne 8. What Is Efficiency? 9. Social Justice and Economic Policy 10. Is Democracy Possible? 11. Building a Consequentialist Framework Part III Outcomes 12. Privatization 13. Inequality 14. Financial Crisis 15. Environmental Crisis 16. Population Crisis 17. The Hollowing of Democracy Epilogue 18. Recapturing the High Ground Index

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Book SynopsisRaphael Minder landed in Madrid in 2010 to cover Spain for The New York Times just as the dark clouds of the financial crisis were about to burst into a full-fledged euro debt storm. A Decade as a Foreign Correspondent follows the turbulent and momentous events that have reshaped the countrys political landscape: a secessionist movement in Catalonia, the end of Spain's two-party system, and a desperate attempt to contain the coronavirus pandemic. With a correspondents keen eye, this book takes the reader on an extraordinary journey of discovery from the most remote corners of Spain, where an arid soil produces delicious truffles; to Moroccan hashish trafficked alongside migrants; to the historical repercussions of American nuclear bombs; and not least to the central square of Madrid, where Spain's radical left-wing movement was born. The book shines a light on Spain through colorful anecdotes that help explain the fraught present, as well as the charged past, of a nation that only returned to democracy in the 1970s. It offers an unbiased perspective on an emotionally-charged decade that has polarized Spain. This chronicle of the social, political and economic fabric of Spain is essential reading for all involved in Hispanic studies and Spanish culture. For diplomats, civil servants, and business analysts indeed for anybody focused and involved in European affairs this tale takes to heart every economic fraud, administrative incompetence and political misdeed imaginable. Published in association with the Canada Blanch Centre for Contemporary Spanish Studies, LSE.

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business, and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.This Advanced Introduction to Social Capital provides an overview of cutting-edge research on social capital. Karen Cook highlights the networks, norms, and trust involved in social capital that facilitate cooperation, strengthen civil society, and contribute to social order, indicating how each contributes to the collective good and provides resources of value to individuals, organizations, and institutions. Key Features: Cross-cultural comparisons of the role of social networks in a number of domains of activity A critical focus on the importance of tolerance and the reaffirmation of democratic principles and practices An understanding of current social and political challenges related to polarization, such as inequality and trust limitations This timely Advanced Introduction is crucial reading for students and researchers in sociology and political science who are looking for an overview of social capital. It will also be an inspiring read for scholars of public policy, particularly those concerned with public management and its impact on social capital.Trade Review‘Cook (Stanford Univ.) brings decades of scholarship on social capital and trust to her contribution to the Elgar Advanced Introduction series—slim volumes that present theory, empirical research, and current directions in social science for scholars seeking an introduction to important topics, such as social capital. Beginning with the work of Émile Durkheim, sociologists have posed the transcendental question: how is social solidarity possible in complex urban social structures? Robert Putnam’s pioneering work Bowling Alone (2000) identifies the decline in we-oriented action, community participation, the legitimacy of societal institutions, and trust, all of which threatens democracy. Cook considers recent events from the 2016 election, the January 6 insurrection, the polarization of political discourse that demonizes opposition, and the climate crisis as exacerbating the trends that Putnam identified. She investigates three dimensions of social capital with respective chapters on networks, norms, and trust. Those seeking a framework for societal reform will be disappointed in the concluding chapter, “Conclusions and the path forward,” which succinctly summarizes the work of Putnam and his critics and the crises of modern times but fails to offer practical solutions. A comprehensive consideration of social capital theory and research that provides an indispensable introduction to the field.’ -- J. H. Rubin, CHOICE‘Karen S. Cook, one of the most distinguished contributors to the research on trust and social capital, has done us an enormous service with her Advanced Introduction to Social Capital. Far more than an Introduction, this book is also a critical review, a presentation of new questions, and a comprehensive case for importance of studying trust, social capital, and their relation to understand just about every major aspect of contemporary society, from health, to crime, to cyberspace, to status, to social inequality. Newcomers will find a clear, engaging, and well-written summary of the field; experts will find an astute, fresh perspective that puts trust at the heart of the social order, and that somehow manages to introduce new questions to a well-established literature. Advanced Introduction to Social Capital is a fantastic and strongly-recommended book.’ -- Mario L. Small, Columbia University, US‘In recent years, the concept of social capital has become a widely cited but often misused black box deployed willy-nilly to explain any number of societal outcomes. Karen Cook’s masterful Advanced Introduction to Social Capital fills in the black box by providing much needed theoretical and substantive clarity about what social capital is, where it comes from, and how it can function for good or for ill in contemporary human societies.’ -- Douglas S. Massey, The Princeton School of Public and International Affairs, US

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business, and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.This Advanced Introduction to Social Capital provides an overview of cutting-edge research on social capital. Karen Cook highlights the networks, norms, and trust involved in social capital that facilitate cooperation, strengthen civil society, and contribute to social order, indicating how each contributes to the collective good and provides resources of value to individuals, organizations, and institutions. Key Features: Cross-cultural comparisons of the role of social networks in a number of domains of activity A critical focus on the importance of tolerance and the reaffirmation of democratic principles and practices An understanding of current social and political challenges related to polarization, such as inequality and trust limitations This timely Advanced Introduction is crucial reading for students and researchers in sociology and political science who are looking for an overview of social capital. It will also be an inspiring read for scholars of public policy, particularly those concerned with public management and its impact on social capital.Trade Review‘Cook (Stanford Univ.) brings decades of scholarship on social capital and trust to her contribution to the Elgar Advanced Introduction series—slim volumes that present theory, empirical research, and current directions in social science for scholars seeking an introduction to important topics, such as social capital. Beginning with the work of Émile Durkheim, sociologists have posed the transcendental question: how is social solidarity possible in complex urban social structures? Robert Putnam’s pioneering work Bowling Alone (2000) identifies the decline in we-oriented action, community participation, the legitimacy of societal institutions, and trust, all of which threatens democracy. Cook considers recent events from the 2016 election, the January 6 insurrection, the polarization of political discourse that demonizes opposition, and the climate crisis as exacerbating the trends that Putnam identified. She investigates three dimensions of social capital with respective chapters on networks, norms, and trust. Those seeking a framework for societal reform will be disappointed in the concluding chapter, “Conclusions and the path forward,” which succinctly summarizes the work of Putnam and his critics and the crises of modern times but fails to offer practical solutions. A comprehensive consideration of social capital theory and research that provides an indispensable introduction to the field.’ -- J. H. Rubin, CHOICE‘Karen S. Cook, one of the most distinguished contributors to the research on trust and social capital, has done us an enormous service with her Advanced Introduction to Social Capital. Far more than an Introduction, this book is also a critical review, a presentation of new questions, and a comprehensive case for importance of studying trust, social capital, and their relation to understand just about every major aspect of contemporary society, from health, to crime, to cyberspace, to status, to social inequality. Newcomers will find a clear, engaging, and well-written summary of the field; experts will find an astute, fresh perspective that puts trust at the heart of the social order, and that somehow manages to introduce new questions to a well-established literature. Advanced Introduction to Social Capital is a fantastic and strongly-recommended book.’ -- Mario L. Small, Columbia University, US‘In recent years, the concept of social capital has become a widely cited but often misused black box deployed willy-nilly to explain any number of societal outcomes. Karen Cook’s masterful Advanced Introduction to Social Capital fills in the black box by providing much needed theoretical and substantive clarity about what social capital is, where it comes from, and how it can function for good or for ill in contemporary human societies.’ -- Douglas S. Massey, The Princeton School of Public and International Affairs, US

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.Expertly navigating the interdisciplinary field of economic anthropology, Peter D. Little illustrates how an anthropological perspective can deepen understandings of customary and global markets; different types of money; diversified livelihoods of the poor; gendered and racialized labor; climate change and other global issues. By questioning common dichotomies, such as the informal versus formal sectors and customary versus modern institutions, the book uncovers those hidden connections, power relations, and economic actors and processes that underpin real economies throughout the world.Key Features: Highlights the significance of neglected and unwaged economic activities Focuses on the role of social trust in both low- and high-income economies Covers in depth how decisions in financial institutions are impacted by cultural factors Critically analyzes seminal literature in economic anthropology and related disciplines This erudite Advanced Introduction is an indispensable resource for academics, researchers, and students in economics and finance, behavioral and experimental economics, economic history, anthropology, development studies, international and global studies, and cultural and social economy studies.Trade Review‘This volume offers an insightful analysis and synthesis of the breadth of contemporary Economic Anthropology. It’s a valuable exploration of the current state of the field, incorporating recent literature and adding voices often left out, thus demonstrating the diversity of economic thought in anthropology and inspiring fresh insights. It is a clear and comprehensive introduction to the field for students, an excellent and concise refresher for those already familiar.’ -- Lisa Cliggett, University of Kentucky, US‘In this concise volume, Peter Little has renewed the field of economic anthropology. Classic topics meet the urgency of today’s economies. From street vending to global value chains, agrarian labor to the gig economy, Little explains ideas and debates essential for understanding how diverse peoples create careers, value, and earnings. It is an excellent guide for contemporary analysis of working lives and economic power.’ -- Rudi Colloredo-Mansfeld, University of North Carolina at Chapel Hill, US‘Without neglecting the classics, Peter Little has written an introduction to economic anthropology that tackles the present moment of global capitalism head on. Over a vast range of topics, he juxtaposes ethnographic analysis of the “real economy” with ethical sensitivity. I particularly appreciated the attention paid to informality and trust, global value chains, digital financialization, and to the very language in which people’s economic activities are described and thereby constituted.’ -- Chris Hann, Max Planck Institute for Social Anthropology, GermanyTable of ContentsContents: Preface 1 Introduction to economic anthropology: history, theory, and concepts 2 Labor and work 3 Exchange, trade, and markets 4 Culture and consumption 5 Informality 6 Money, credit, and debt 7 Real-world challenges 8 Concluding remarks on economic anthropology Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.Expertly navigating the interdisciplinary field of economic anthropology, Peter D. Little illustrates how an anthropological perspective can deepen understandings of customary and global markets; different types of money; diversified livelihoods of the poor; gendered and racialized labor; climate change and other global issues. By questioning common dichotomies, such as the informal versus formal sectors and customary versus modern institutions, the book uncovers those hidden connections, power relations, and economic actors and processes that underpin real economies throughout the world.Key Features: Highlights the significance of neglected and unwaged economic activities Focuses on the role of social trust in both low- and high-income economies Covers in depth how decisions in financial institutions are impacted by cultural factors Critically analyzes seminal literature in economic anthropology and related disciplines This erudite Advanced Introduction is an indispensable resource for academics, researchers, and students in economics and finance, behavioral and experimental economics, economic history, anthropology, development studies, international and global studies, and cultural and social economy studies.Trade Review‘This volume offers an insightful analysis and synthesis of the breadth of contemporary Economic Anthropology. It’s a valuable exploration of the current state of the field, incorporating recent literature and adding voices often left out, thus demonstrating the diversity of economic thought in anthropology and inspiring fresh insights. It is a clear and comprehensive introduction to the field for students, an excellent and concise refresher for those already familiar.’ -- Lisa Cliggett, University of Kentucky, US‘In this concise volume, Peter Little has renewed the field of economic anthropology. Classic topics meet the urgency of today’s economies. From street vending to global value chains, agrarian labor to the gig economy, Little explains ideas and debates essential for understanding how diverse peoples create careers, value, and earnings. It is an excellent guide for contemporary analysis of working lives and economic power.’ -- Rudi Colloredo-Mansfeld, University of North Carolina at Chapel Hill, US‘Without neglecting the classics, Peter Little has written an introduction to economic anthropology that tackles the present moment of global capitalism head on. Over a vast range of topics, he juxtaposes ethnographic analysis of the “real economy” with ethical sensitivity. I particularly appreciated the attention paid to informality and trust, global value chains, digital financialization, and to the very language in which people’s economic activities are described and thereby constituted.’ -- Chris Hann, Max Planck Institute for Social Anthropology, GermanyTable of ContentsContents: Preface 1 Introduction to economic anthropology: history, theory, and concepts 2 Labor and work 3 Exchange, trade, and markets 4 Culture and consumption 5 Informality 6 Money, credit, and debt 7 Real-world challenges 8 Concluding remarks on economic anthropology Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited? Key Features: Elucidates the essence of NIE’s main branches, focusing on thegovernance of transactions and organizations (identified with OliverWilliamson), the fundamental institutional environment (DouglassNorth), and the role of communal institutions and collective action (ElinorOstrom) Explores how NIE has transformed perspectives on collective action, stateand legal institutions, public policy and regulation, and economic growth Extensive references to allow interested readers to dive deeper into specific topics Authored by scholars associated early on with leading figures in NIE and the development of NIE’s research agenda. This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.Trade Review‘This Advanced Introduction provides a terrific exposition of New Institutional Economics. The foundations of transaction costs, property rights, and contracting produce applications concerning institutions large and small, covering a substantial share of economic activity. Much of the world's economic progress and institutional change will rely on these ideas.’ -- – Robert Gibbons, Massachusetts Institute of Technology, US‘Many trees planted by the New Institutional Economics are thriving in the mainstream of the social sciences, but it is easy to lose track of the NIE forest. This indispensable and authoritative book comes to the rescue, synthesizing a vast literature, covering many domains of human interaction and showing that a society's success rests on the institutional choices made by its members.’ -- – Philip Keefer, Inter-American Development Bank, US‘Now, for the first time, we have a comprehensive guide to the new institutional economics and allied fields. This Advanced Introduction covers topics such as transactions cost, property rights, contracts, organizations, and state and legal institutions; plus two “transversal topics”, institutions and public policy and institutional change and development. A must read for both students and professionals.’ -- – Barry Weingast, Stanford University, US‘NIE is one of the economic fields whose influences go far beyond the borders of economics. But it is also an often misunderstood field. This introductory book, written by two veteran experts of NIE, is a timely work to acquaint the reader with the main concepts and approaches of NIE. It should be read by anyone who is about to study institutional issues within and outside economics.’ -- – Yang Yao, Peking University, ChinaTable of ContentsContents: Preface 1. Building a new paradigm 2. Transaction costs 3. Property rights 4. Contracts PART II INSTITUTIONAL LAYERS 5. The organization of transactions 6. State and legal institutions PART III TRANSVERSAL TOPICS 7. Institutions and public policy 8. Institutional change and development 9. Entering new terrains: the future of NIE Bibliography Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited? Key Features: Elucidates the essence of NIE’s main branches, focusing on thegovernance of transactions and organizations (identified with OliverWilliamson), the fundamental institutional environment (DouglassNorth), and the role of communal institutions and collective action (ElinorOstrom) Explores how NIE has transformed perspectives on collective action, stateand legal institutions, public policy and regulation, and economic growth Extensive references to allow interested readers to dive deeper into specific topics Authored by scholars associated early on with leading figures in NIE and the development of NIE’s research agenda. This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.Trade Review‘This Advanced Introduction provides a terrific exposition of New Institutional Economics. The foundations of transaction costs, property rights, and contracting produce applications concerning institutions large and small, covering a substantial share of economic activity. Much of the world's economic progress and institutional change will rely on these ideas.’ -- – Robert Gibbons, Massachusetts Institute of Technology, US‘Many trees planted by the New Institutional Economics are thriving in the mainstream of the social sciences, but it is easy to lose track of the NIE forest. This indispensable and authoritative book comes to the rescue, synthesizing a vast literature, covering many domains of human interaction and showing that a society's success rests on the institutional choices made by its members.’ -- – Philip Keefer, Inter-American Development Bank, US‘Now, for the first time, we have a comprehensive guide to the new institutional economics and allied fields. This Advanced Introduction covers topics such as transactions cost, property rights, contracts, organizations, and state and legal institutions; plus two “transversal topics”, institutions and public policy and institutional change and development. A must read for both students and professionals.’ -- – Barry Weingast, Stanford University, US‘NIE is one of the economic fields whose influences go far beyond the borders of economics. But it is also an often misunderstood field. This introductory book, written by two veteran experts of NIE, is a timely work to acquaint the reader with the main concepts and approaches of NIE. It should be read by anyone who is about to study institutional issues within and outside economics.’ -- – Yang Yao, Peking University, ChinaTable of ContentsContents: Preface 1. Building a new paradigm 2. Transaction costs 3. Property rights 4. Contracts PART II INSTITUTIONAL LAYERS 5. The organization of transactions 6. State and legal institutions PART III TRANSVERSAL TOPICS 7. Institutions and public policy 8. Institutional change and development 9. Entering new terrains: the future of NIE Bibliography Index

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Book SynopsisThis insightful book explores the spread of network imagery in three areas of sociology - social capital, social support, and China - using as its protagonist a man active in all three: Nan Lin. Social Capital, Social Support and Stratification first discusses theories of stratification and achievement, with advantage termed social capital, a complement to the field's earlier focus on education as human capital. Network imagery in theories of social support is also investigated, expanding clinical psychology into social psychology. Finally the progression of network imagery in the renovation of Chinese sociology from disdained ideology to admired social science is considered. A unique combination of Nan Lin's core contributions to the field presented alongside new and original analyses, this innovative book will be a key resource for sociology courses on China as well as for scholars interested in social capital, social support or stratification worldwide. The book will also be of interest to those individuals interested in academic entrepreneurs such as Nan Lin.Table of ContentsContents: 1 Introduction 1 PART I SOCIAL CAPITAL 2 Nan Lin and Social Capital Ronald S. Burt 4 3 Social Resources and Strength of Ties: Structural Factors in Occupational Status Attainment Nan Lin, Walter M. Ensel and John C. Vaughn 37 4 Building a Network Theory of Social Capital Nan Lin 50 PART II SOCIAL SUPPORT 5 Nan Lin and Social Support Lijun Song 78 6 Social Support, Stressful Life Events, and Illness: A Model and an Empirical Test Nan Lin, Ronald S. Simeone, Walter M. Ensel and Wen Kuo 107 7 Social Support and Depressed Mood: A Structural Analysis Nan Lin, Xiaolan Ye and Walter M. Ensel 119 PART III STRATIFICATION IN CHINA 8 Nan Lin and the Sociology of China Yanjie Bian 136 9 Getting Ahead in Urban China Nan Lin and Yanjie Bian 158 10 Occupational Prestige in Urban China Nan Lin and Wen Xie 190 PART IV REFLECTIONS 11 Lessons Learned from Lifelong Studying and Conducting Research Nan Lin 231 References 237 Index 255

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Book SynopsisThis timely book explores the neglected risk in the advent of the Covid-19 pandemic, illustrating the ways in which four decades of neoliberal economic and public policy has eroded the functional capacity of states to handle catastrophic events. Challenging the very heart of modern nation-states, Imad Moosa comprehensively demonstrates how the pandemic has shed light on existing structural problems that have been ignored by neoliberal governments and policy-makers. The author highlights the implications of the pandemic for democracy, militarism and international relations, as well as its impact on healthcare, inequality, human rights, poverty and homelessness. Drawing on theoretical insights and empirical evidence, Moosa emphasises the importance of sustained government intervention in economic activity at a time in which the free market doctrine has failed to restore equilibrium and deliver prosperity after an international financial shock. A radical and decisive intervention in contemporary economic thought, this book is crucial reading for scholars and researchers in economics and political science, particularly those focusing on the fallout of the Covid-19 pandemic and global economic recovery. The book’s empirical insights and key policy recommendations will also benefit policy-makers in public health and economics.Trade Review‘Here, finally, is a lucidly written book about Covid-19. It charts the origins and development of the virus, and provides a statistical measurement of the severity of the disease. The pandemic is shown to represent both a challenge and an opportunity for change, and the public policy responses to Covid-19 are detailed and credible solutions offered. Extensively referenced with numerous graphs and diagrams, this book will become the resource text for all who want to discover everything about Covid-19.’ -- Bob Brownlee, La Trobe University, Australia‘For the global community wanting to understand the economic causes and effects of the pandemic, this book is the one to read. Professor Moosa thoroughly analyzes the economics of pandemics and public policies developed to deal with those pandemics. Moreover, the book delves into a new way of thinking for approaching the serious challenges facing human kind.’ -- Mohaned Talib Al-Hamdi, Kansas State University, USTable of ContentsContents: Preface 1. The economics and epidemiology of epidemics and pandemic 2. Measures and determinants of the severity of COVID-19 3. The effects and consequences of COVID-19 4. Public policy response to the pandemic 5. Implications for democracy, militarism and international relations 6. Rethinking the free market doctrine 7. Rethinking the principles of the Washington Consensus 8. Rethinking healthcare and welfar 9. Rethinking the status quo 10. Epilogue Index

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Book SynopsisThe Consumer Welfare Hypothesis in Law and Economics is a compelling account of market relations with firm roots in economic theory and legal practice. This incisive book challenges the mainstream view that allocative efficiency is about total welfare maximisation. Instead, it argues for the consumer welfare hypothesis, in which allocating resources efficiently means maximising consumer welfare, and demonstrates that legal structures such as antitrust and consumer law are in reality designed and practised with this goal in mind.Using this paradigm, Fabrizio Esposito overcomes the opposition between efficiency and distribution and provides a firmer basis for debates about the foundations of contract law, antitrust law and consumer law, particularly in the European Union. The outcome is a bilateral view of the connection between the law and the economy and a rich research agenda to further understanding of the legal-economic nexus.Scholars and students of law and economics, as well as contract, consumer and antitrust and competition law will find this book a thought-provoking study. Its innovative yet straightforward conceptual framework will also be of interest to practitioners, policymakers and stakeholders in these fields.Trade Review‘The Consumer Welfare Hypothesis is the most reasonable one because we do not like the inefficiency of monopoly and its redistributive effects. I believe that scholars interested in the institutional interaction between law and markets should read this important book.’ -- Ugo Pagano, University of Siena, Italy‘This book is a major achievement, based on a deep knowledge and understanding of both legal and economic theory, and a keen appreciation of the methodological challenges of interdisciplinary studies. The analysis is multi-layered and complex, but always presented attractively. The claims being advanced will be challenging for law and economics scholarship.’ -- Simon Deakin, University of Cambridge, UK‘This much needed book explores how consumer welfare ought to be the main beacon both lawyers and economists use when assessing some potentially unfair trading behaviours. By focusing on this economic concept, it is possible to influence the development of consumer law and arrive at a more protective environment for consumers.’ -- Christine Riefa, University of Reading, UK‘This original work offers a distinctive contribution to several strands of literature and methodological debates including EU consumer law, EU competition law, Law and economics and Quantitative study of jurisprudence. I am convinced that this will be an important and often cited book.’ -- Anne-Lise Sibony, UCLouvain School of Law, Belgium‘I have not often seen such an original, at the same time practically important and very concise and stringent work. I could not imagine one part in this book that should be deleted or that is less important. At the same time, I could not imagine a part that I would still want to see. It is an outstanding addition to the literature on law and economics.’ -- Stefan Grundmann, Humboldt Universität, Germany and European University Institute, ItalyTable of ContentsContents: Introducing The Consumer Welfare Hypothesis 1. Canvassing a realistic cathedral with efficiency amongst its pillars PART I ALLOCATIVE EFFICIENCY CAN BE ABOUT CONSUMER WELFARE 2. A triangle is not a crown 3. The giants before us PART II ALLOCATIVE EFFICIENCY IS ABOUT CONSUMER WELFARE IN EU ANTITRUST AND CONSUMER LAW 4. How to search for allocative efficiency in law 5. Allocative efficiency in EU antitrust law 6. Allocative efficiency in EU consumer law Conclusions on The Consumer Welfare Hypothesis Legislation and cases Bibliography Index

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Book SynopsisCombining theoretical approaches with practical applications, Rethinking Social Capital delineates the meaning, uses, and problems surrounding the concept of social capital. Carl Bankston, a leading scholar in the field, offers a fresh take on the topic, presenting an original way of understanding social capital as a process.The book provides key definitions of social capital, describing its functionality, the surrounding theoretical issues, and its relationship with social structure. Examining capital in its various forms, Bankston discusses the complications of defining social relationships in a financial resource analogy as investments in future outcomes, and proposes an alternative of an original structural model that approaches social capital as a process. Chapters then explore the major applications of social capital theory: to families, communities and education; to formal organizations and informal networks; to class, race, ethnicity and inequality; and to the nation-state. This cutting-edge book is invaluable in clarifying ambiguities surrounding the concept of social capital to students and scholars of the social sciences. Its practical applications will also prove useful to policy makers and public policy institutes.Trade Review‘Rethinking Social Capital demystifies the idea of social capital and clarifies the various ways in which the term is used. Bankston thoughtfully and critically brings the disparate theoretical elements into a coherent model and applies it to investigating how social categories serve as historical sources of social networks and how different forms of networks within categories sustain social stratification. The book is beautifully written, and the narrative is captivating and engaging, offering a nuanced approach to understanding the roots of socioeconomic, racial, and ethnic inequality, as well as the contributions and limits of social capital theory.’ -- — Min Zhou, University of California, Los Angeles, US‘Carl Bankston has produced an important book that, I predict, will be read with profit by social scientists for many years to come. His theoretical analysis of “social capital” is original, comprehensive, rigorous and provocative. His critical mastery of the relevant literature is unrivalled. Rethinking Social Capital is a major achievement.’ -- Glenn Loury, Brown University, USTable of ContentsContents: Introduction: the project of Rethinking Social Capital PART I CLARIFYING SOCIAL CAPITAL THEORY 1. What is “social capital”? 2. How does social capital work? 3. Theoretical problems and complications 4. Social capital and social structure PART II APPLICATIONS OF SOCIAL CAPITAL THEORY 5. Families, communities, and education 6. Formal organizations and informal networks 7. Class, race, ethnicity, and inequality 8. Social capital and the nation-state Conclusion: social capital rethought References Index

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Book SynopsisThe aim of The Legal Foundations of Micro-Institutional Performance is to introduce the reader to a different way of thinking about economics that will allow them to both understand and apply legal concepts to economic analysis. To this end, it adopts and further develops Wesley Hohfeld’s legal framework of jural (legal) relations as a tool of analysis. This analytical tool, as built into the Legal-Economic Performance framework, provides specific direction in identifying and describing interdependence among economic agents (including rights, duties, liberties and exposure to various acts).The framework adopted and developed in this book relies on the concept of interdependence--that all economic agents are tied together in a legal system given the inherent interdependent nature of transactions in a complex modern global economy. The authors start by developing this framework and then apply it to a variety of settings and empirical examples. Using this new method, economists will be able to reshape their analysis to account for how legal systems and specific legal rules impact economic performance and outcomes. This approach will be of great interest to graduate and advanced undergraduate social science scholars, faculty interested in the intersections of law and economics and the application of legal concepts to impact analysis, and practitioners in the fields of policy, law and economics. Trade Review‘This book represents a major advance in law and economics. Combining insight from generations of Great Lakes institutionalists with a fresh look at legal concepts by Wesley Hohfeld, the authors introduce a powerful Legal-Economic Performance framework and demonstrate its relevance to a variety of contemporary policy issues.’ -- Charles J. Whalen, University at Buffalo, USTable of ContentsContents: Preface Introduction: Institutional law and economics PART I INSTITUTIONS, LAW AND ECONOMICS 1. Institutions 2. The underlying legal structure of economic relationships 3. Applying Hohfeld to economics 4. The Legal-Economic Performance framework PART II APPLICATIONS 5. Uber versus drivers 6. Masterpiece Cakeshop, Ltd. v. Colorado Civil Rights Commission 7. Cedar Point Nursery v. Hassid (CA Agricultural Labor Relations Board) 8. Common property and fisheries management in the Northeast Canyons and Seamounts national marine area 9. Conclusion: Themes from Legal-Economic Performance Facts of the case References Index

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Book SynopsisTimely and invigorating, this book explores how blockchain technology is disrupting economies and transforming societies. It offers detailed insights into the synergistic and complementary effects of blockchain and other new and emerging technologies such as artificial intelligence, the Internet of Things, satellite imagery and digital twins.The Rise of Blockchains highlights how the developments of ecosystems around blockchain are helping to realize the potential of this technology to act as a ‘trust machine’ across more contexts and settings. Multidisciplinary in both scope and perspectives, the book looks at blockchain’s potential for impacting challenges in supply chain management, security, privacy and compliancy issues, and transforming payment and settlement systems. It further provides insights into the opportunities, barriers, and enablers of blockchain adoption by organizations.With a focus on both theoretical and practical knowledge related to blockchain, this will be an important read for business and management scholars, particularly those focusing on organization studies, information systems, and supply chain management. It will also be a useful book for economics students and economists working with cryptocurrencies.Trade Review‘This book is both a fantastic introduction to the fundamental concepts of blockchains and a unique discussion of the business models impacted by the blockchain. Kshetri provides an excellent sketch of the debate over using distributed ledgers to demonstrate business trustworthiness. The business cases Kshetri provides perfectly demonstrate the value offered by technology that uses strong cryptographic tools. One of the book’s best and most unique contributions is in its chapter on the synergies between artificial intelligence and the blockchain. The case studies from health care and other data-intensive industries offer invaluable details on data ownership management, privacy, data lineage management, and shared governance for users of blockchain and AI technologies. Kshetri also discusses emerging disruptive technologies, like the Metaverse, Web 3.0, and the Internet of Things. This is one of the best books on the subject and an excellent guide for readers of all levels.’ -- J. Brzezinski, Choice Magazine‘Kshetri’s The Rise of Blockchains is a timely, to-the-point, and detailed book on a relatively new and still obscure topic of blockchain technology. The book focuses on this all-new phenomenon deeply impacting, sometimes disrupting, and transforming our societies, policy-making, and the global economy today. And as a matter of fact, it also does a good job focusing on this new technology that has both introduced cryptocurrencies and transformed the supply chain, payments, privacy, and security systems.’ -- Bilal Bağış, Insight Turkey Journal‘Professor Nir Kshetri’s exciting new text The Rise of Blockchains: Disrupting Economies and Transforming Societies is a must read for those interested in how distributed ledgers are impacting the political, economic, and social landscapes of societies, both developed and underdeveloped. Economists, politicians, and anyone else involved in finance should add this text to their reading list.’ -- Jeffrey Voas, EIC Computer Magazine, US‘This book covers several key topics in blockchain, ranging from payment and settlement to cybersecurity and the supply chain. The book is well written and flows logically. It would be a great textbook for a blockchain course and a nice reference for researchers working in this field.’ -- Yogesh K. Dwivedi, Swansea University, UK and Symbiosis Institute of Business Management, Pune, India‘Professor Kshetri has delivered a very timely, well-written, and well-documented treatment of a topic that many people find difficult and sometimes opaque. I believe the content is accessible for both advanced undergrads and graduate students. I plan to adopt this book for my own blockchain course.’ -- Stephen C. Wingreen, University of Canterbury, New Zealand‘In 2018, Ginni Rometty, the retired CEO of IBM, caused a stir when she said presciently: “Blockchain will do for transactions what the Internet did for information.” This compendium by Professor Nir Kshetri attempts to explain why and how such a transformation is taking place. The comprehensive book is framed by business organisations and market opportunities. It addresses the essentials of how Blockchains work, and their synergies with decentralized, autonomous organisations as well as complementary technologies such as AI. It also provides up-to-date coverage of hot-button issues such as use-cases in supply chain management with traceability-as-a-service. It shows how such ubiquitous use-cases will allow Blockchain to cross the chasm. Two enabling technologies – security as an integral aspect of mainstream platforms and Blockchain-enabled payments which may counter the centralizing features of proposed CBDC initiatives – will bring confidence in such a trust-free environment. The book closes with a realistic assessment of emerging opportunities, barriers, trends and policy implications. It is commendable that Professor Kshetri, acknowledged as one of the most impactful researchers on Blockchain, has taken it upon himself to make translational his deep insights and understanding on the topic. I recommend this book highly to any business executive or specialist student interested in exploiting the value of Blockchains.’ -- Ravi S. Sharma, Zayed University, United Arab EmiratesTable of ContentsContents: PART I BLOCKCHAIN AND ORGANIZATIONAL TRANSFORMATION 1. Blockchain basic: Definitions, key concepts and characteristics 2. Impacts on organizational forms, business models and strategies 3. Combining with other technologies to amplify blockchain’s value creation 4. Supply chain management 5. Security, privacy and compliance 6. Payment and settlement systems PART II OPPORTUNITIES, CHALLENGES, IMPLICATIONS AND THE WAY FORWARD 7. Opportunities, barriers, and enablers of blockchain adoption in organizations 8. Discussion, conclusion, and recommendations Index

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Book SynopsisPresenting critical insights on how economic activity is constrained by the environment's ability to provide material and energy resources, this timely Research Agenda explores how humanity shapes, and is shaped by, environmental change and sustainability challenges. Chapters highlight how, under these constraints, people may seek to improve their lives and standards of living without undermining the abilities of others to do so now or in the future. With contributions from top economic scholars, as well as from a range of other disciplines including ethics, law, and the physical and life sciences, this book explores how interdisciplinary insights can be integrated to provide meaningful investment and policy advice. Offering diverse understandings of the topic from both the Global North and South, this Research Agenda challenges previous economic conceptualizations of human-environment interactions, exploring resource use and environmental impact from micro- and macro-economic perspectives. Students of environmental and ecological economics will find this to be a thought-provoking and stimulating read. The suggestions for future research and use of clear case studies will also prove valuable for environmental law and ethics scholars, as well as environmental policy-makers. Contributors include: D.C. Andersen, Y. Bramoullé, L.P. Breckenridge, M. Faber, M. Frick, A. Kander, R. Kemp, D. Malghan, R.B. Norgaard, C. Orset, S.V. Ramani, M. Ruth, J. Sager, M. Sagoff, M.R. Sers, D.I. Stern, D.J. Thampapillai, E. van Leeuwen, M.d.M.R. Varas, P.A. VictorTrade Review'An insightful collection of articles identifying major areas in which ecological economics is resuscitating the moribund orthodoxy of ''economics as usual''.' --Herman Daly, University of Maryland, College Park, USTable of ContentsContents: 1. The Roads Less Traveled Matthias Ruth, University of Alberta, Edmonton, Canada 2. Environmental Economics is Dead! Long Live Environmental Economics! Mark Sagoff, George Mason University, Fairfax, Virginia, USA 3. Conceptual and political foundations for examining the interaction between nature and economy Malte Faber and Martin Frick, University of Heidelberg, Germany 4. Ends, Means, and the Economics of Environment Deepak Malghan, Indian Institute of Management, Bangalore, India 5. Ecosystems, Legal Systems, and Governance: An Institutional Perspective Lee P. Breckenridge, Northeastern University, Boston, Massachusetts, USA 6. Macroeconomics and the Environment Martin R. Sers and Peter A. Victor, York University, Canada 7. Contemporary Economics and Contradictions for Climate Maladies: Lessons from Environmental Macroeconomics Dodo J. Thampapillai, National University of Singapore, Singapore, and Australian National University, Canberra, Australia, and Matthias Ruth, University of Alberta, Edmonton, Canada 8. Energy Intensity: The Roles of Rebound, Capital Stocks, and Trade Astrid Kander, Lund University, Lund, Sweden, M. d. Mar Rubio Varas, Universidad Publica de Navarra, Pamplona, Spain, and David I. Stern, The Australian National University, Canberra, Australia 9. Place-based behavior and environmental policies Eveline van Leeuwen, Wageningen University, Wageningen, The Netherlands 10. New Ways of Valuing Ecosystem Services: Big Data, Machine Learning, and the Value of Urban Green Spaces Christian Krekel, London School of Economics, London, England and Jens Kolbe, Technische Universität Berlin, Berlin, Germany 11. Are Household Borrowing Constraints Bad for the Environment? Theory and Cross-Country Evidence Dana C. Andersen, University of Alberta, Edmonton, Canada 12. Manufacturing Doubt: How Firms Exploit Scientific Uncertainty to Shape Regulation Yann Bramoullé, Aix-Marseille University, Marseille, France and Centre national de la recherche scientifique, Paris, France, and Caroline Orset, Université Paris-Saclay, Paris, France 13. Solution design through a stakeholder process as a new perspective for Environmental Economics with illustrations from Indian case studies René Kemp and Shyama V. Ramani, UNU-MERIT and ICIS, Maastricht University, Maastricht, The Netherlands 14. Optimizing the Reversal of Life: A Coevolutionary Response Jalel Sager and Richard B. Norgaard, University of California Berkeley, Berkeley, California, USA Index

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Book SynopsisAirlines and the COVID-19 Pandemic assesses the pandemic's diverse impacts on the aviation sector, how airlines reacted to the pandemic, worked with governments, and adapted its operations and business models.

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Book SynopsisIn the digital age, Big Data offers an unparalleled lens into the intricacies of human behavior. Data sourced from job boards, social media platforms, or news websites allows researchers to answer questions that could not be answered with conventional data sources. Labor markets are no exception here: every day, millions of workers and firms interact, and big data allows us to better understand the complex dynamics arising from worker-firm interactions.This volume showcases new, original research using Big Data to gain fresh insights into how labor markets work. The volume is compiled by Solomon Polachek, a pioneer in gender-related labor market research, and Benjamin Elsner, an expert on causal inference and the economics of migration. Topics include labor force transition dynamics, the labor demand side of involuntary part-time employment, the insights gained from wages in online job postings regarding wage growth, the role of online vacancies in labor market performance, the demand for personality traits, and an analysis of job descriptions from university job boards. All chapters use a combination of innovative data sources and machine learning methods to enhance our understanding of how labor markets work.

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Book SynopsisASEAN economies have much insight to offer the world, from investor behaviour during COVID-19, and deep-rooted attitudes towards risk and corruption, to achievement of the Sustainable Development Goals through the gender perspective. The authors examine complex and pressing issues, including: competing models of risk reporting, the effect of corporate governance on the Indonesian stock market, and the influence of stakeholders in influencing the level of disruptive innovation disclosure in 15 countries around the world. ISETE-33B gives fresh insight into financial and economic issues in ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.Table of ContentsChapter 1. A Bibliometric Analysis on Risk Reporting: A Systematic Literature Review; Yeni Priatnasari, Djoko Suhardjanto, Agung Nur Probohudono, and Setyaningtas Honggowati Chapter 2. Financial Performance and Corporate Governance: Its Effect on Market Performance; Nur Imamah, Saparila Worokinasih, Zeni Firdayani, and Jung-Hua Hung Chapter 3. Disruptive Innovation Disclosure Practices and Application of Stakeholder Theory; Indrian Supheni, Djoko Suhardjanto, Rahmawati, and Agung Nur Probohudono Chapter 4. The Prospect and Volatility of Stock Prices of Aviation Business; Ernie Hendrawaty, Rialdi Azhar, and Fajrin Satria Dwi Kesumah Chapter 5. Financial Performance and Ownership Structure: Influence on Firm Value through Leverage; Harmono Harmono, Sugeng Haryanto, Grahita Chandrarin, and Prihat Assih Chapter 6. Achievement of Sustainable Development Goals in Gender Mainstreaming through the Gender and Development Perspective; Izza Mafruhah and Indah Susilowati Chapter 7. Institutional Ownership, Dividend Policy, Debt Policy, and Risk: An Analysis of Simultaneous Equation; St. Ibrah Mustafa Kamal and Eduardus Tandelilin Chapter 8. Investor Behavior During Covid-19 Pandemic: Do They Herding?; Firda Nosita and Rifqi Amrulloh Chapter 9. CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries; Winny Perwithosuci, Izza Mafruhah, Evi Gravitiani, and Tamat Sarmidi Chapter 10. Capital, Liquidity, Profitability and Credit Risk Nexus: A Panel VAR Study on Selected Developing Countries; Mochammad Doddy Ariefianto and Irwan Trinugroho Chapter 11. VaR Model for Managing Market Risk of Portfolio; Firman Pribadi, Arni Surwanti, and Wen-Chung Shih

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Book SynopsisWhile animal suffering and abuse have taken place throughout history, the alienation of humanity from nature caused by the development of capitalism - by the logic of capital and its system of generalized commodity production - accelerated and increased the depredations in scope and scale. The capitalist commodification of animals is extensive. It includes, but is not limited to: livestock production in concentrated animal feeding operations leather and fur production the ivory trade in which tusks are used for 'traditional medicines; or carved into decorative objects entertainment such as in zoos, marine parks, and circuses laboratory experimentation to test medicines, beauty products, pesticides, and other chemicals the pursuit of trophy hunting, sometimes on canned farms and sometimes in the wild bioengineering of livestock and of animals used in laboratories The contributors to this special issue of Research in Political Economy provide insightful analyses that address the historical transformations in the material conditions and ideological conceptions of nonhuman animals, alienated speciesism, the larger ecological crisis that is undermining the conditions of life for all species, and the capitalist commodification of animals that results in widespread suffering, death, and profits. This book is a must-read not only for political economists, but also for researchers interested in animal studies, environmentalism, and sustainability.Table of ContentsIntroduction. The Capitalist Commodification of Animals: A Brief Introduction; Brett Clark and Tamar Diana Wilson Part I. Theoretical Approaches to the Commodification of Animals Chapter 1. It’s Not Humans, It’s Animal Capital; Christian Stache Chapter 2. Animals and Nature: The Co-Modification of the Sentient Biosphere; Paula Brügger Chapter 3. Abstract Life, Abstract Labor, Abstract Mind; Charles Thorpe and Brynna Jacobson Chapter 4. Mission Impossible? Reflections on Objectification and Instrumentalization of Animals in the Economy; Wolfgang Leyk Part II. Case Studies of the Commodification of Animals Chapter 5. The Commodification of Living Beings in the Fur Trade: The Intersection Cheap Raw Materials and Cheap Labor; Tamar Diana Wilson Chapter 6. Capitalism Has Granted Wolves a Temporary Reprieve from Extinction; Alexander Simon Chapter 7. The Landowners’ Ethic: Aldo Leopold, Game Management, and Private Property; Cade Jameson Part III. Argentina’s Working Class Chapter 8. The Dynamics of Violence and Labor Conflict in Villa Constitución, Argentina, 1973-1975; Agustín Santella

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Book SynopsisWhat value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by exploring how non-market valuation techniques - used extensively in environmental economics - can be applied to cultural heritage.The book includes twelve comprehensive case studies that estimate public values for a diverse set of cultural goods, including English cathedrals, Bulgarian monasteries, rock paintings in Canada, statues in the US, and a medieval city in Africa. The authors demonstrate the potential utility of these techniques, and highlight the important social values that cultural heritage can generate. Given limited resources, such studies can help set priorities and aid the decision making process in terms of their preservation, restoration and use. The authors conclude by reviewing the majority of cultural valuation studies done to date, and draw some general conclusions about the results achieved and the potential benefits, as well as the limitations, of valuing these types of goods.This highly original book will be of great use and interest to academics in the fields of environmental, resource, and cultural economics, as well as NGOs and policymakers involved in cultural heritage at the national, international and global level.Trade Review'Navrud and Ready have assembled a series of case studies that embody the state-of-the-art in nonmarket valuation of cultural heritage. . . . this volume represents the forays of economists skilled in environmental arenas into cultural matters. They bring a well-developed toolkit, and this book demonstrates the resulting research. . . . this volume's high-quality case studies enrich a growing empirical literature on cultural heritage values.'Table of ContentsContents Preface PART I INTRODUCTION 1 Why value cultural heritage? Richard C. Ready and Ståle Navrud 2 Methods for valuing cultural heritage Richard C. Ready and Ståle Navrud PART II CASE STUDIES 3 Social costs and benefits of preserving and restoring the Nidaros Cathedral Ståle Navrud and Jon Strand 4 Northumbria: castles, cathedrals and towns Guy Garrod and Kenneth G. Willis 5 Valuing the impacts of air pollution on Lincoln Cathedral Marilena Pollicino and David Maddison 6 Preserving cultural heritage in transition economies: a contingent valuation study of Bulgarian monasteries Susana Mourato, Andreas Kontoleon and Alexi Danchev 7 Valuing different road options for Stonehenge David Maddisson and Susana Mourato 8 The contribution of aboriginal rock paintings to wilderness recreation values in North America Peter Boxall, Jeffrey Englin and Wiktor Adamowicz 9 Economic benefits to foreigners visiting Morocco accruing from the rehabilitation of the Fes Medina Richard T. Carson, Robert C. Mitchell and Michael B. Conaway 10 Component and temporal value reliability in cultural goods: the case of Roman Imperial remains near Naples Patrizia Riganti and Kenneth G. Willis 11 Valuing reduced acid deposition injuries to cultural resources: marble monuments in Washington, D.C. Edward R. Morey, Kathleen Greer Rossmann, Lauraine G. Chestnut and Shannon Ragland 12 Valuing cultural services in Italian museums: a contingent valuation study Marina Bravi, Riccardo Scarpa and Gemma Sirchia 13 A contingent valuation study of the Royal Theatre in Copenhagen Trine Bille 14 Individual preferences and allocation mechanisms for a cultural public good: “Napoli Musei Aperti” Walter Santagata and Giovanni Signorello PART III REVIEW OF STUDIES 15 Review of existing studies, their policy use and future research needs David Pearce, Susana Mourato, Ståle Navrud and Richard C. Ready Index

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Book SynopsisEducation Matters presents in one volume many of Alan B. Krueger's contributions to the economics of education. This invaluable collection of papers, based on his groundbreaking research from the 1990s, has been published in a wide range of professional outlets and has influenced public policy and research in the US and throughout the world.The book opens with an introductory essay explaining the importance of the study of the economics of education as well as providing an overview of the book. The author then goes on to discuss and analyse the important topics in the economics of education, including the economic pay off from attending school for longer, the return to investments in school resources, causes of the increased pay off to education, the contribution of education to economic growth, and racial differences in school quality and their consequences. The final chapter provides a framework for evaluating schools.This fascinating collection of work, from a writer at the forefront of economics and educational research, will be warmly welcomed by academics in the areas of human capital, economics and public policy, as well as by educational policymakers.Trade Review'Education Matters is a one-volume collection of the most important economics of education papers by the Princeton economist Alan Krueger, one of the most promising economists of the generation. It is fitting that Edward Elgar should publish this volume in their series Economists of the Twentieth Century as his work has been very influential in the field in the 1990s. . . Many of the papers are published in the most prominent journals like the Quarterly Journal of Economics, but several were originally published in more diverse outlets and are therefore more difficult to obtain. In this sense, this collection of papers is a valuable addition to any library. . . The most creditable aspect of Krueger's work is that he has been brave enough to tackle most of the major policy questions relating to the economics of education. . . I would like to recommend this book as an excellent introduction to the economics of education that addresses many of the main questions of policy relevance in the field.' -- P. Dolton, Education Economics'The book, Education Matters, by Alan Krueger presents a useful collection of his essays. . .' -- John Mace, Higher Education Review'. . . likely to be a useful volume. Firstly, the articles span the very short period from 1991 to 1999, giving readers a good insight into Krueger's research agenda. Secondly, they are very closely related to each other, and therefore provide an in-depth knowledge of the topic . . . I am very pleased to have been asked to review this book; both because I have gained a very broad view of the topic with plenty of insight into the minute details of the mechanism of applied research into the economics of education . . . and I am sure I will have constant opportunity to consult it in the course of my own research.' -- Gianni de Fraja, The Economic Journal'Alan Krueger has made a rich contribution to economics of education. Education Matters represents some of his most important recent research. It also presents a rich blend of methodological and empirical aspects. It includes fifteen of his most important contributions. . . The volume provides in one place some of the best research of Krueger. It covers a wide range of important issues in economics of education. . . it is a rich collection that gives a high flavour of the nature and direction of growth of economics of education in the 1990s. Beyond doubt, it stands as a major contribution to the literature on economics of education, that one would desire to have in their bookshelf as a handy valuable reference volume.' -- Jandhyala B.G. Tilak, Journal of Educational Planning and AdministrationTable of ContentsContents: Introduction Part I: Education and Earnings: Evidence from Compulsory Schooling and Twins Part II: Estimating the Payoff to School Quality Part III: Race and Schooling Part IV: Changes in the Economic Rewards to Education Part V: Education and Economic Growth Part VI: Evaluating Schools Index

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Book SynopsisIn recent years, and to varying degrees, there has been a marked trend towards decentralisation of labour market regulation in many European countries. The authors of this book seek to assess the impact of social partnership and social protection on the macroeconomic performance of nine member states of the European Union - namely Austria, France, Germany, Ireland, Italy, the Netherlands, Spain, Sweden and the UK. They compare the performance outcomes of these countries with the USA over the last twenty years and find that, in broad terms, the countries that perform 'best' are those that have adapted and decentralised their systems of social partnership and protection.The authors also analyse the changing nature of social partnership and protection within the European Union (EU). They examine recent developments in EU social policy, particularly its shift towards employment promotion through the national action plans on employment that each member state is now required to introduce. These reinforce social partnership but also impose new challenges for governments, employers and unions to meet. Central amongst these challenges is the need to ensure that social partnership is as inclusive as possible. The authors conclude that the EU requires more social partnership if ever closer union, including monetary union, is to succeed and that employment promotion programmes must be pursued by the EU as a whole.Trade Review'Lots of useful detailed material - on both institutional arrangements and macroeconomic performance - across the 10 countries is set out in the book.' -- David Metcalf, Industrial Relations JournalTable of ContentsContents: Introduction 1. Social Partnership, Social Protection and Economic Performance 2. Trends and Developments in Nine Countries 3. Economic Performance in the Nine Countries 4. Matters Arising Bibliography Index

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Book SynopsisThe learning region offers a new perspective on the dynamics of change which shape the economy. This book examines the transformation of the modern economy into one in which knowledge is the most important resource and learning the most important process for economic growth.In the modern economy, successful firms, as well as governments, are those which have control over and access to flows of information and knowledge of technologies, markets, and organizational and managerial practices. In order to examine this, the authors apply innovation, industrial network and institutional theories to the many factors which together constitute learning regions: regional innovation policy, geographical clusters of collaborating firms and the role of research centres in the innovative potential of regions. They find that the learning region paradigm opens new possibilities for research and policy and use case studies in Germany, Holland and Belgium to illustrate these possibilities. The authors also examine European Union and regional government policy on innovation and regional development. Finally, they examine inter-firm and intra-firm collaboration and regional business and innovation systems. This innovative new book will prove invaluable to regional scientists, economic geographers and regional planners.Trade Review'I recommend the book . . . the book succeeds in clarifying some important aspects of the very fuzzy concept of learning regions.' -- Roberta Capello, Papers in Regional Science'The book will serve as a valuable source for all readers interested in the relation between knowledge generation, learning and regions. It is very accessible even for readers who are not familiar with the current literature. In contrast to many edited collections, the structure of the book is coherent and goes beyond a mere gathering of individual papers. Indeed, the individual contributions sum up - with the valuable help of the excellent introduction and conclusion - to a 'whole' picture . . . the book provides a very readable account of the growing literature on knowledge, learning and regions. It also offers valuable material on policy concepts, examples of policy strategies as well as empirical material.' -- Helmut Gassler, Journal of Technology Transfer'. . . I would like to recommend the book to scholars and policymakers who are interested in learning, economic development and regional innovation policies in a broad sense.' -- Robert Hassink, Tijdschrift voor Economische en Sociale Geografie'These are the papers from an international seminar held in March 1998, giving an interesting mix of theoretical, empirical and practical contributions.' -- Aslib Book GuideTable of ContentsContents: Preface Part I: The Learning Region Paradigm Explained Part II: Institutions and Policy Part III: Learning and Collaboration in Practice Part IV: Conclusions Index

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Book SynopsisThis outstanding book presents new original contributions from some of the world's leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme which is having a worldwide impact on the economics profession.The book lays out the fundamental dimensions of the research programme with special emphasis on the interaction between institutional factors, both formal and informal, and the performance of different arrangements that organize transactions. After examining the foundations of New Institutional Economics and honouring Ronald Coase's contribution to the field, it presents controversial and conflicting views on the sources of growth. It places special emphasis on organizations and transactions, focusing on issues of trust, corruption, enforcement of contracts and modes of organization. Written by an eminent group of scholars, Institutions, Contracts and Organizations is an important landmark in the development of New Institutional Economics.Table of ContentsContents: Introduction Part I: Foundations Part II: Homage to Ronald H. Coase Part III: Sources of Growth: Technology, Natural Endowments or Institutions? Part IV: Trust, Distrust and Corruption Part V: Enforcement Issues Part VI: Institutions and Modes of Organizations Part VII: Models and Measures Index

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Book SynopsisThe growth in global competitiveness and interdependence has led to an increased interest in the role of industrial policy in achieving economic growth objectives.Heather Smith reignites the contentious debate of the role of the state using East Asian economic development in general with particular emphasis on Taiwan and Korea. Using quantitive techniques, the author analyses the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s. Lessons for other countries attempting to upgrade their industrial structure are drawn from the comparative industrialisation experience of Taiwan and Korea, along with: a comprehensive discussion of strategic industry policy with an application to East Asia. discussion on the impact of the 1997-1998 financial crisis in Korea a critique of the structuralist/revisionist literature in the light of the financial crisis. This highly topical study constitutes essential reading for governmental and non-governmental policymakers, business leaders and academics alike.Trade Review'This is a very good piece of research. As a book, it is important because it focuses on important conceptual and empirical issues, namely the role of government and industrial policy in promoting rapid economic growth; and particularly the case of Taiwan as an exemplar of rapid industrial development. The author convincingly refutes the view that sector-specific industrial policy was an important source of Taiwan's rapid industrial growth in the 1980s.' -- Hugh T. Patrick, Columbia University, US'Dr Smith takes Taiwan and Korea as case studies to address fundamental questions concerning the rapid growth and subsequent financial crisis in East Asia: were the Taiwan and Korean governments interventionist in the 1980s? did industry policy play a role in the financial crisis of 1997-1998? Heather Smith has put together a comprehensive discussion of strategic industry policy. She analyses at length the fascinating connection between the growth of the chaebol in Korea, its links to the government and to the financial sector, and the unravelling of the financial crisis in Korea. Her analysis throws light on the fundamental strength that Taiwan has shown throughout the crisis. These are fascinating and important questions vital to the economics profession and of interest to the enormous contingent of economic commentators following the East Asian crisis.' -- Ron Duncan, Australian National University, AustraliaTable of ContentsContents: Introduction: Winning with the Market or Governing the Market? 1. The Role of Government in the Industrialisation of Taiwan and Korea 2. Taiwan’s Industry Policy in the 1980s 3. Korea’s Industry Policy Legacy 4. Picking Winners or Sustaining Losers? 5. Did Industrial Policy Really Contribute to Industrial Upgrading? 6. Determinants of Industrial Competitiveness 7. Did Industry Policy Interventions Result in Sustained Productivity and Export Growth? 8. Revision of the Revisionists: The 1997–8 Asian Crisis Appendices Bibliography Index

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Book SynopsisIn today's political climate, when sustainable development is the perceived goal for farming and forest communities throughout the globe, the experiences of early Canadian settlers force a re-examination of many of the assumptions about the processes through which wilderness has been civilised. The Frontier Environment and Social Order examines the development of civil society within the forest frontier of Upper Canada, using the letters of Francis Codd, a young English doctor, who settled in the Ottawa Valley in 1846 as the textual basis. The letters provide detailed evidence about frontier development: clearing the forest, establishing farming communities, and bringing civil institutions to a developing country.This period was one of intense social and environmental transformation as immigrants began the difficult task of settling a new land. The backdrop to Francis Codd's life in Canada was dramatic, but the detailed observations he provides bring the process of settlement to life. Codd became one of the cornerstones of local society and his letters and the memoirs of his contemporaries document the privations and struggles of the time. They also present new evidence on the establishment of a relationship between nature and culture at a time when ideas of wilderness and civilisation were being forged through civil society and its myths.This fascinating book will appeal to environmental social scientists and economists, historians, geographers and migration specialists as well as the interested reader.Trade Review'This riveting account of frontier expansion in Upper Canada in the nineteenth century gives today's environmentalists plenty of food for thought - can we unlearn social conflict and the exploitation of nature so as to live sustainably today?' -- Andrew Dobson, University of Keele, UKTable of ContentsContents: Part I: The Letters 1. Introduction 2. Francis Codd’s Life and Letters: A Commentary 3. The Letters from Upper Canada (1847–52) Part II: The Context 4. Revisiting the ‘Frontier’ 5. Upper Canada in the Mid-Nineteenth Century References Index

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Book SynopsisCreativity is crucial to the Information Age economy. It is the basis of production in the cultural industries. In this excellent book, Ruth Towse provides an analysis of the interaction between creativity, the law, and markets for cultural goods and services.Copyright law establishes property rights that create economic incentives to cultural production and Ruth Towse uses her analysis to draw conclusions about policy on copyright. This unique study is of interest to a range of disciplines in economics, law, cultural studies and management.Trade Review'The different cultural policies of the UK and the Netherlands provide a wonderful backdrop for conclusions for cultural policy.' -- The Economic Journal'. . . this is a fascinating and enlightening piece of work. At a time when copyright law, business models in the cultural industry and cultural policy are all under pressure and greatly affected by technological change, this is a valuable and challenging work that deserves to be widely read.' -- Helen Dakin, Copyright Reporter'. . . well written, clear and informative. It contains many references that demonstrate the deep knowledge of the field that the author has acquired through her own research and her remarkable work at the head of the Journal of Cultural Economics. She especially provides a very clear review of the literature on the economics of copyright. . . . this review will become a reference that can't be ignored by researchers interested in copyright. . . Towse opens avenues for further research and also stresses those questions that can help professionals better understand cultural regulations.' -- Francoise Benhamou, Journal of Cultural Economics'Ruth Towse's book provides an easily accessible introduction to this field and contains much useful argument. It also stands as testament to the productive and continuing scholarly career of one of the best known figures in contemporary cultural economics.' -- David Throsby, Journal of Economic Literature'This is a most interesting treatise on a very topical subject of economic and legal policy . . . this book offers a wealth of intriguing research ideas and some interesting, if not highly rigorous, analyses of an important area of public policy.' -- Mary Kokoski, Monthly Labor Review'Ruth Towse's excellent book, Creativity, Incentive and Reward is a beacon in this confused theoretical and policy mish-mash. The book, which brings together Towse's work in copyright and cultural economics over the last decade, is thoroughly researched, analytically satisfying and beautifully written. . . copyright scholars owe a debt of gratitude to Towse.' -- Fiona Macmillan, Copyright World'This is an important work on compensation of the artist and the incentives for artistic activity. The explosive evolution of the technology of communications raises particularly pressing issues in this arena and poses new threats to remuneration of the artist. The discussion of copyright in this book provides vital information for analysis of this issue. The book is informative, intelligent and well written - precisely what is needed for understanding of its subject.' -- William J. Baumol, New York University and Princeton University, USTable of ContentsContents: Preface Part I: Cultural Economics, Copyright and Cultural Industries 1. Creativity, Incentives and Rewards: Cultural Economics and Copyright Law 2. The Cultural Industries, Copyright and Cultural Economics Part II: Rewards to Artists 3. Economics of Artists’ Labour Markets 4. The Earnings of Singers: An Economic Analysis Part III: Copyright Incentives and Rewards 5. The Value of Performers’ Rights: An Economic Analysis (written with Millie Taylor) 6. Copyright and Economic Incentives: An Application to Performers’ Rights in the Music Industry Part IV: Copyright and Cultural Policy for the Information Age 7. Copyright, Risk and the Artist: An Economic Approach to Policy for Artists 8. Incentives and Access to Information: Economic Aspects of Limitations and Exceptions to Copyright in the Digital World 9. Conclusions and Implications for Cultural Policy Epilogue References Index

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Book SynopsisThis informative book provides a comprehensive examination of the dynamics of institutional reform and the transition of the South Korean economy. The analysis, based on an institutional approach, stretches over three decades of remarkable economic success under a state-led system, through the 1997 financial crisis, to the current market-oriented system.O. Yul Kwon presents in-depth impact analyses of institutional reforms (economic policy, regulations, culture and politics) on areas such as the transitions of the overall economy, external economic relations, the business, financial and public sectors, and labour relations and social welfare. For each of these topics, institutional reforms are assessed against reform objectives and in comparison with other countries, and operational efficiency of relevant organisations is also analysed.The Korean Economy in Transition provides valuable information for the academic audience, policymakers, and others interested in the South Korean experience.Trade Review'The Korean Economy in Transition is, I believe, the only comprehensive English-language book that covers Korea's economic development during the past two decades. It is therefore the first reference readers interested in this period should consult.' -- Paul Kuznets, Pacific AffairsTable of ContentsContents: Preface Introduction Part I: Evolution of Institutions and the Economy 1. Korea’s Economic Policy in Transition: Evolution, Assessment and Future Direction 2. Cultural Effects on the Korean Economy 3. The Korean Political System and its Effects on the Economy 4. The Korean Economy: Transition to a Knowledge-based Economy Part II: External Economic Relations 5. Korea’s Trade Policy in Transition 6. Korea’s Inward and Outward Foreign Direct Investment 7. North Korea’s Economic Reform and Inter-Korean Economic Relations Part III: Transition of Individual Sectors 8. Recent Evolution of the Business Sector: Chaebols and SMEs 9. The Korean Financial Sector: Its Transition and Future Agenda 10. Public Sector and Regulatory Reforms: A Critical Evaluation Part IV: Labour and Social Welfare 11. Reforms of the Labour Market and Industrial Relations 12. Income Distribution and Social Welfare Policy: Issues and Strategy Index

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Book SynopsisThis book demonstrates alternatives to the lecture and chalkboard approach that dominates the teaching of economics, providing a range of innovative teaching techniques and examples aimed at engaging undergraduates in the learning of economics.The editors provide a brief history of the teaching of economics in higher education, as well as a review of current undergraduate teaching practices. Some of the field's leading educators then demonstrate alternative practices in three main sections: 'Active and Cooperative Learning', 'Writing, the Internet, and Discovery Through Sampling', and 'Examples from the World Around Us'. The topics in the twelve chapters of the book have been carefully selected based on their high potential for adoption by other instructors. Detailed, 'hands-on' examples are included within each chapter, illustrating how suggested approaches can be used in different courses and classroom situations at the undergraduate level. Also included are lists of 'Dos' and 'Dont's' to guide instructors through the successful implementation of activities.This book will be of great practical value to teachers of economics as well as administrators responsible for undergraduate instruction.Trade Review'Teaching Economics to Undergraduates deserves a prominent spot on the bookshelves of all economists who are interested in improving the effectiveness of their teaching, especially those with important undergraduate teaching responsibilities. Following an introductory essay, 11 chapters provide very specific ideas of new ways to structure one's teaching. Each chapter also contains a useful list of 'dos and don'ts' that add to their effectiveness.' -- Craig Swan, Journal of Economic Education'It should prove most helpful and beneficial to anyone who has a desire to be more innovative in the way he or she teaches economics to undergraduates, for this reason I give this book an enthusiastic thumbs up! . . . I wholeheartedly recommend this book to anyone contemplating changing his or her style of teaching undergraduate economics.' -- Richard J. Torz, Eastern Economic Journal'Almost every instructor reading this book will gain some valuable, low-cost, new ideas to supplement their courses.' -- R.M. Whaples, Choice'The editors and authors are outstanding teachers who have thought a great deal about how to make economics accessible to students with a wide range of learning styles. This systematic treatment of the subject will be extremely valuable for those who want to make their classrooms creative learning laboratories and for those who are trying to develop effective teaching and learning tools. I heartily recommend this work to all serious teachers of economics.' -- Michael Parkin, University of Western Ontario, Canada'The volume will provide two types of assistance to the teachers of economics to undergraduates. First, it will offer novel approaches that can enliven the process and increase the effectiveness with which knowledge and analytic skills can be imparted to the student. Second, it can stimulate the thought of the instructors themselves about the logic that should guide their teaching process. . . . It is a substantial contribution to the teaching of economics as well as to the pertinent research.' -- From the foreword by William J. Baumol'Recent years have witnessed a decline in the numbers of students studying economics in colleges and universities, not just in the USA but all over Europe. Some say that this is the result of the kind of subject economics has become: excessively technical, ever more mathematical. Perhaps so but in that case, it is even more important than ever to teach economics better, more effectively, more interestingly. Here is a book that looks critically at different ways of achieving that. It represents a substantial contribution to economics education.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Foreword by William J. Baumol 1. Teaching Economics: What Was, Is, and Could Be Part I: Active and Cooperative Learning 2. Making Cooperative Learning Work in Economics Classes 3. Gender and Active Learning 4. Student Decision Making as Active Learning Part II: Writing, the Internet, and Discovery Through Sampling 5. Integrating the Practice of Writing Into Economics Instruction 6. Using the Internet and Computer Technology to Teach Economics 7. Using Monte Carlo Studies for Teaching Econometrics Part III: Examples from the World Around Us 8. Using Sports to Teach Economics 9. Using Literature and Drama in Undergraduate Economics Courses 10. Acceptance Speeches by the Nobel Laureates in Economics 11. Using Cases as an Effective Active Learning Technique 12. Engaging Students in Quantitative Analysis with the Academic and Popular Press

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Book SynopsisThe path to success as an academic economist is littered with obstacles. Even with excellent research material, one faces issues of running the seminar and conference gauntlet, tempestuous relationships with co-authors, the selection of an appropriate journal outlet, a detailed peer review process and, with it, the ever-present spectre of rejection.This collection tackles the issues confronting the up-and-coming economist. The authors include some of the subject's finest luminaries who offer friendly and invaluable advice as well as providing a more light-hearted look at the publication process. Some articles have become classics in their own right. They vary from an examination of seminal (and originally rejected) articles by leading economists to an analysis of why referees are not adequately paid. The tools of both economic theory and econometrics are applied to uncover some home truths and, as a result, these papers provide new insights into the nature of economic discourse.Trade Review'We have all had rejections that infuriated us because the reviewers always seem not to have read our work with the care and understanding that it merits.' -- William J. Baumol, New York University and Princeton University, US'I somehow rub referees up the wrong way, maybe by claiming more originality than I really have. Whatever the cause, I still open return letters from journals with fear and trembling, and more often than not get bad news. I am having a terrible time with my current work on economic geography. Referees tell me that it is obvious, it's wrong and anyway they said it years ago.' -- Paul Krugman, MIT, US'Everyone has a "good" paper rejected at one time because of a vicious unfair stupid referee and everyone has a "bad" paper rejected at one time because it deserves to be buried. Neither are quite as devastating as a teenager being rejected in some passionate one-sided romance, but you still can't forget them.' -- Richard Freeman, NBER, US'Economists are peculiar social scientists not least because they attach enormous value to the publication of articles in the refereed journals and virtually no value to the publication of books. It is difficult for economists to have a coffee break without a conversation which quickly turns to questions like: "Why was my article refereed by so-and-so journal? Why did the anonymous referees say what they did? Where shall I send my next paper?" In short, the publication process merits a hideous fascination if only because it governs the pecuniary and non-pecuniary rewards of the economics profession. Here are 15 classic articles on that topic gathered together by an editor who has long studied the practices of economics journals. Although economists do not read books, this is one book they will want to read - and with profit too.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Introduction Part I: Success and Rejection in Economics 1. Life Among the Econ 2. The Young Economist’s Guide to Professional Etiquette 3. How are the Might Fallen 4. Aging and Productivity Among Economists Part II: Referees and Editors 5. Facts and Myths About Refereeing 6. Is There Value Added from the Review Process in Economics? 7. The Effects of Double-Blind versus Single-Blind Reviewing 8. Favoritism versus Search for Good Papers 9. Why Referees are not Paid (Enough) Part III: To Co-Author or Not to Co-Author 10. Estimates of the Returns to Quality and Co-authorship in Economic Academia 11. Trends in Multi-Authored Papers in Economics 12. First Author Conditions Part IV: The Influence of Economics Journals 13. The Journals of Economics 14. The Scholarly Journal Literature of Economics 15. The Relative Impacts of Economics Journals Index

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Book SynopsisModels of the Chinese Economy is an authoritative and comprehensive book which will enable readers to gain a more thorough understanding of this important economy. The authors focus on economic modelling of the current Chinese economy for forecasting and policy simulation purposes. Dynamic computable general equilibrium, gravity, models of exchange rate determination and a VAR model are employed with which to provide both medium- and long-term forecasts of China's economic growth and structural change. All the models have been specially designed to capture the institutional features of the Chinese economy and the authors also emphasise the opening of the economy and relations with other countries. The impact on the Chinese economy of such factors as the flow of foreign direct investments, trade liberalisations, tariff cuts and other external shocks are addressed and analysed through model simulations.This book will be welcomed by international agencies interested in the economic development of China, China analysts, academics, and graduate students.Trade Review'. . . the volume is impressive proof of the developments in modelling China's economy. . . the volume is especially recommended to economists who deal with China and are interested in the construction of models. Given the focus of most of the modelling attempts on the influence of external trade and investment, it is also recommended to researchers studying China's international economic relations.' -- Doris Fischer, China Information'This is a well-researched study. . . It is highly readable, and suitable both for business practitioners and for social scientists interested in the state's role in economic development.' -- Bennis Wai-yip So, The China Journal'This book is an excellent contribution to both the study of economic reform in China, and of modeling techniques for economies such as China which are more challenging to a model than the industrial economies. Given the rising importance of China in world trade, and as a source of ideas for development in other developing economies, I hope that this book will attract a wide readership.' -- Will Martin, Journal of Economic Literature'. . . very useful to a diverse audience, including researchers and academics, especially those who are working on the Chinese economy.' -- Hiren Sarkar, Asia-Pacific Development JournalTable of ContentsContents: Part I: Dynamic CGE Modelling Part II: Simulations Part III: Other Models Index

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Book SynopsisThis authoritative four-volume collection presents the most important published articles and papers on the economics of intellectual property - a subject that is of increasing interest to both economists and lawyers. Publication is timely in view of the growing interest in the relationship of innovation and knowledge to economic growth as well as the challenges to copyright being posed by the new electronic media. International in scope, this four-volume set will be an essential source of reference to both economists and lawyers concerned with the rapidly developing field of intellectual property.Trade Review'By presenting a collection of a good number of the important articles that appeared in the periodical press over the last two decades in four handy volumes, the editors have done both economists and lawyers interested in intellectual property a valuable service.' -- Assafa Endeshaw, European Intellectual Property Review'The editors, Ruth Towse and Rudi Holzhauer, do an excellent job of selecting a mix of classic and current scholarship on the economics of intellectual property and copyright. They also add a lengthy introduction that provides an excellent overview of the area.' -- Benjamin J. Bates, The International Journal on Media Management'Intellectual Property rights are primarily a tool of economic policy and their objectives, scope and procedures have rightly attracted a wide range of economic analysis over the past quarter-century. This useful collection draws together many of the best-noted contributions to the debates. It will be a valuable source of reference for economists, lawyers, IP professionals and all involved in the vibrant policy-making of this field, whether their concerns are primarily with the developing or the developed world.' -- W.R. Cornish, University of Cambridge, UKTable of ContentsContents: Volume I: Introduction and Copyright Acknowledgements Introduction Ruth Towse and Rudi Holzhauer PART I INTRODUCTION TO THE ECONOMICS OF INTELLECTUAL PROPERTY 1. Stanley M. Besen (1998), ‘Intellectual Property’ 2. Ejan Mackaay (1990), ‘Economic Incentives in Markets for Information and Innovation’ 3. Tom G. Palmer (1989), ‘Intellectual Property: A Non-Posnerian Law and Economics Approach’ 4. Robert P. Merges (1994), ‘Of Property Rules, Coase, and Intellectual Property’ 5. Lisa N. Takeyama (1994), ‘The Welfare Implications of Unauthorized Reproduction of Intellectual Property in the Presence of Demand Network Externalities’ PART II COPYRIGHT 6. Gillian K. Hadfield (1992), ‘The Economics of Copyright: An Historical Perspective’ 7. Leo J. Raskind (1998), ‘Copyright’ 8. Wendy J. Gordon and Robert G. Bone (2000), ‘Copyright’ 9. Arnold Plant (1934), ‘The Economic Aspects of Copyright in Books’ 10. Ian E. Novos and Michael Waldman (1984), ‘The Effects of Increased Copyright Protection: An Analytic Approach’ 11. William R. Johnson (1985), ‘The Economics of Copying’ 12. William M. Landes and Richard A. Posner (1989), ‘An Economic Analysis of Copyright Law’ 13. Stephen Breyer (1970), ‘The Uneasy Case for Copyright: A Study of Copyright in Books, Photocopies, and Computer Programs’ PART III APPLICATIONS TO SPECIFIC AREAS OF COPYRIGHT 14. Wendy J. Gordon (1982), ‘Fair Use as Market Failure: A Structural and Economic Analysis of the Betamax Case and its Predecessors’ 15. I.T. Hardy (1988), ‘An Economic Understanding of Copyright Law’s Work-Made-for-Hire Doctrine’ 16. S.J. Liebowitz (1985), ‘Copying and Indirect Appropriability: Photocopying of Journals’ 17. Stanley M. Besen, Willard G. Manning, Jr. and Bridger M. Mitchell (1978), ‘Copyright Liability for Cable Television: Compulsory Licensing and the Coase Theorem’ PART IV ADMINISTRATION OF COPYRIGHT 18. Hector L. MacQueen and Alan Peacock (1995), ‘Implementing Performing Rights’ 19. Ruth Towse (1999), ‘Copyright and Economic Incentives: An Application to Performers’ Rights in the Music Industry’ PART V DROIT DE SUITE 20. Jeffrey M. Perloff (1998), ‘Droit de Suite’ 21. John L. Solow (1998), ‘An Economic Analysis of the Droit de Suite’ 22. Henry Hansmann and Marina Santilli (1997), ‘Authors’ and Artists’ Moral Rights: A Comparative Legal and Economic Analysis’ Name Index Volume II: Patents Acknowledgements An Introduction by the editors to all four volumes appears in Volume I PART I THE NATURE OF PATENTS AND THE PATENT SYSTEM 1. Edmund W. Kitch (1998), ‘Patents’ 2. Fritz Machlup and Edith Penrose (1950), ‘The Patent Controversy in the Nineteenth Century’ 3. Arnold Plant (1934), ‘The Economic Theory Concerning Patents for Inventions’ 4. Edmund W. Kitch (1977), ‘The Nature and Function of the Patent System’ 5. Edmund W. Kitch (1986), ‘Patents: Monopolies or Property Rights?’ 6. Kenneth W. Dam (1994), ‘The Economic Underpinnings of Patent Law’ 7. Fritz Machlup (1958), An Economic Review of the Patent System: Study of the Subcommittee on Patents, Trademarks, and Copyrights of the Committee on the Judiciary 8. Erich Kaufer (1986), ‘The Incentives to Innovate under Alternative Property Rights Assignments with Special Reference to the Patent System’ 9. Suzanne Scotchmer (1996), ‘Patents as an Incentive System’ 10. Yoram Barzel (1968), ‘Optimal Timing of Innovations’ 11. Jennifer F. Reinganum (1989), ‘The Timing of Innovation: Research, Development, and Diffusion’ 12. F.M. Scherer (1977), The Economic Effects of Compulsory Patent Licensing 13. Pankaj Tandon (1982), ‘Optimal Patents with Compulsory Licensing’ 14. Jean O. Lanjouw, Ariel Pakes and Jonathan Putnam (1998), ‘How to Count Patents and Value Intellectual Property: The Uses of Patent Renewal and Application Data’ PART II PATENT SCOPE AND DURATION 15. D.G. McFetridge and M. Rafiquzzaman (1986), ‘The Scope and Duration of the Patent Right and the Nature of Research Rivalry’ 16. Roger L. Beck (1986), ‘Comment: Does Competitive Dissipation Require a Short Patent Life?’ 17. M. Rafiquzzaman (1987), ‘The Optimal Patent Term Under Uncertainty’ 18. Richard Gilbert and Carl Shapiro (1990), ‘Optimal Patent Length and Breadth’ 19. Robert P. Merges and Richard R. Nelson (1990), ‘On the Complex Economics of Patent Scope’ 20. Paul Klemperer (1990), ‘How Broad Should the Scope of Patent Protection Be?’ 21. Joshua Lerner (1994), ‘The Importance of Patent Scope: An Empirical Analysis’ 22. Paul A. David and Trond E. Olsen (1992), ‘Technology Adoption, Learning Spillovers, and the Optimal Duration of Patent-based Monopolies’ Name Index Volume III: Empirical Evidence, Trade Secrets and Trademarks Acknowledgements An Introduction by the editors to all four volumes appears in Volume I PART I EMPIRICAL EVIDENCE ON PATENTS 1. Edwin Mansfield, Mark Schwartz and Samuel Wagner (1981), ‘Imitation Costs and Patents: An Empirical Study’ 2. Edwin Mansfield (1984), ‘R & D and Innovation: Some Empirical Findings’ and ‘Reply’ 3. Edwin Mansfield (1986), ‘Patents and Innovation: An Empirical Study’ 4. Richard C. Levin (1986), ‘A New Look at the Patent System’ 5. K.H. Oppenländer (1986), ‘The Influence of the Patent System on the Readiness of Industry to Invest - An Empirical Analysis’ 6. Adam B. Jaffe (1986), ‘Technological Opportunity and Spillovers of R & D: Evidence from Firms’ Patents, Profits and Market Value’ 7. Mark A. Lemley (1994), ‘An Empirical Study of the Twenty-year Patent Term’ 8. Mariko Sakakibara and Lee Branstetter (2001), ‘Do Stronger Patents Induce More Innovation? Evidence from the 1988 Japanese Patent Law Reforms’ PART II TRADE SECRETS 9. David D. Friedman (1998), ‘Trade Secret’ 10. Edmund W. Kitch (1980), ‘The Law and Economics of Rights in Valuable Information’ 11. Steven N.S. Cheung (1982), ‘Property Rights in Trade Secrets’ 12. David D. Friedman, William M. Landes and Richard A. Posner (1991), ‘Some Economics of Trade Secret Law’ 13. Paul A. David (1993), ‘Intellectual Property Institutions and the Panda’s Thumb: Patents, Copyrights, and Trade Secrets in Economic Theory and History’ PART III TRADEMARKS 14. Nicholas Economides (1998), ‘Trademarks’ 15. A.G. Papandreou (1956), ‘The Economic Effect of Trademarks’ 16. Nicholas S. Economides (1988), ‘The Economics of Trademarks’ 17. William M. Landes and Richard A. Posner (1988), ‘The Economics of Trademark Law’ 18. I.P.L. Png and David Reitman (1995), ‘Why Are Some Products Branded and Others Not?’ 19. Stephen L. Carter (1989), ‘The Trouble with Trademark’ 20. Rudi W. Holzhauer (1998), ‘Jenever and Jumping Wild Cats: The Scope of Trade Mark Protection in Economics and in Law’ 21. Robert Feinberg (1986), ‘Trademarks, Market Power, and Information’ 22. Mark A. Hurwitz and Richard E. Caves (1988), ‘Persuasion or Information? Promotion and the Shares of Brand Name and Generic Pharmaceuticals’ 23. Jochen Pagenberg (1988), ‘Trademark Rights at a Discount – Is Trademark Law Still Effective?’ Name Index Volume IV: Competition and International Trade Acknowledgements An Introduction by the editors to all four volumes appears in Volume I PART I COMPETITION ISSUES – GENERAL 1. Richard A. Posner (1975), ‘The Social Costs of Monopoly and Regulation’ 2. Nancy T. Gallini and Michael J. Trebilcock (1998), ‘Intellectual Property Rights and Competition Policy: A Framework for the Analysis of Economic and Legal Issues’ 3. Richard A. Epstein (1982), ‘Private Property and the Public Domain: The Case of Antitrust’ 4. Valentine Korah (1986), ‘EEC Competition Policy – Legal Form or Economic Efficiency?’ 5. Alexis Jacquemin (1988), ‘Cooperative Agreements in R&D and European Antitrust Policy’ 6. Alan Gutterman (1997), ‘Inter-Firm Co-operation, Competition Law, and Patent Licensing: A US-EC Comparison’ 7. William F. Baxter and Daniel P. Kessler (1998), ‘The Law and Economics of Tying Arrangements: Lessons for the Competition Policy Treatment of Intellectual Property’ 8. Thomas F. Cotter (1999), ‘Intellectual Property and the Essential Facilities Doctrine’ PART II PARALLEL IMPORTS 9. J.S. Chard and C.J. Mellor (1989), ‘Intellectual Property Rights and Parallel Imports’ 10. Lars H. Liebeler (1986), ‘Trademark Law, Economics and Grey-market Policy’ 11. John A. Young, Jr. (1986), ‘The Gray Market Case: Trademark Rights v. Consumer Interests’ 12. John C. Hilke (1988), ‘Free Trading or Free-riding: An Examination of the Theories and Available Empirical Evidence on Gray Market Imports’ 13. Frederick M. Abbott (1998), ‘First Report (Final) to the Committee on International Trade Law of the International Law Association on the Subject of Parallel Importation’ 14. John Rhys, Theon van Dijk, Peter Goate, David Lewis, Franz Gerner, Simon Holmes, David Rose, Tom Usher and David Spilsbury (1999), ‘Executive Summary’ 15. Patricia M. Danzon (1998), ‘The Economics of Parallel Trade’ 16. Harvey E. Bale, Jr. (1998), ‘The Conflicts Between Parallel Trade and Product Access and Innovation: The Case of Pharmaceuticals’ PART III WTO/TRIPS 17. Michael McKee (1986), ‘You Can’t Always Get What You Want: Lessons from the Paris Convention Revision Exercise’ 18. Carlos Alberto Primo Braga (1989), ‘The Economics of Intellectual Property Rights and the GATT: A View From the South’ 19. Robert D. Anderson (1998), ‘The Interface Between Competition Policy and Intellectual Property in the Context of the International Trading System’ 20. J.H. Reichman (1997), ‘From Free Riders to Fair Followers: Global Competition Under the TRIPS Agreement’ PART IV STANDARDISATION ISSUES 21. Richard C. Levin (1978), ‘Technical Change, Barriers to Entry, and Market Structure’ 22. Joseph Farrell (1989), ‘Standardization and Intellectual Property’ Name Index

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Book SynopsisThis unique book offers a comprehensive survey of the privatization and deregulation of the public sector in a number of important developed and developing economies. The first part examines the privatization and deregulation process in Japan, Korea, India, Latin America, the US and the UK. The authors examine the costs and benefits in each country and describe the private initiatives and ongoing government intervention in the new markets. Wide country coverage allows readers to compare and contrast the different regimes in each country, particularly in the less studied Asian and Indian regions. The authors also describe the regime in the US and UK, the forerunners of privatization initiatives, from which useful policy lessons can be learnt in terms of ownership, price setting, universal service and welfare implications. The second part offers sector surveys from important industries, including telecommunications in Japan, India and Latin America, electricity in the UK and US, and the banking sector in Japan.Privatization, Deregulation and Economic Efficiency will be useful supplementary reading for scholars and students of the theory and practice of public economics, as well as for governments and NGOs interested in the policy implications of the privatization and deregulation process.Table of ContentsContents: Introduction Part I: Country Survey 1. Privatization and Deregulation: The Case of Japan 2. A Review of Korea’s Economic Deregulation Policy 3. A Survey of Deregulation in Indian Industry 4. Economic Reform in Latin America: An Assessment 5. A Survey of the Liberalization of Public Enterprises in the UK since 1979 6. Experience in US Regulation and Deregulation Part II: Sector Survey 7. Deregulation in the Japanese Telecommunications Market: New Regulatory Schemes 8. Deregulation and Reforms in India’s Telecommunications Industry 9. Privatization and Regulatory Reforms in Latin American Telecommunications 10. Deregulation of the UK Electricity Supply Industry: 1989–98 11. Lessons in US Electricity Market Reform 12. Financial Liberalization, Deregulation and Monitoring in Japan Conclusion Index

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Book SynopsisFood security can be defined as the perceived availability of a high-quality, domestically-produced staple food supply which will maintain the existing standard of living. This book provides a forum for a panel of distinguished authors to debate such issues as whether or not many developed countries in Asia - such as Taiwan, Japan, South Korea, China, Hong Kong and Singapore - have legitimate concerns about their food security. They find, controversially, that this issue is of importance to all countries, not just to developing countries lacking the income to acquire an adequate food supply.The authors analyse the forces affecting the demand for, and supply of, staples such as rice, vegetable oils and protein meals. Rice is the most important staple in Asia and so the authors pay particular attention to the effects of rice production strategies and trade policies on food security. They examine the implications of trade liberalisation in the ASEAN free trade area and in East Asia on agricultural trade and food security. They also discuss the implications of China's ongoing economic transition on its intra-provincial and international agricultural trade, and its policy on self-sufficiency.Food Security in Asia provides a timely evaluation of the food security issue which will be of interest to scholars of Asian studies, agricultural economics and international economics.Trade Review'A brief review such as this cannot touch on all the important issues addressed in this volume, which offers a rich, varied and interesting collection of papers on important aspects of Asian food security. The broad focus of some of the chapters deservedly lend themselves to a wide audience; others that are more narrowly focused have more of a specialist appeal, but will be no less interesting, especially to specialists on a particular country or region or on a particular nutritional issue. . . Whether from an academic or policy perspective, this is a book that will repay careful study.' -- Robert Ash, Journal of Agrarian Change'. . . there is much in this book which should be of considerable relevance to anyone interested in the development of food supply, demand and trade in the countries of East and South East Asia. . . it should also be relevant and accessible to advanced undergraduate and to graduate students pursuing courses in the areas of agricultural development, trade or policy.' -- John Davis, Journal of Agricultural EconomicsTable of ContentsContents: 1. Introduction 2. Food Security 3. The Urban–Rural Income Gap in China 4. Rice and Food Security in Asia 5. The Implications of the ASEAN Free Trade Area on Agricultural Trade between Taiwan and the ASEAN 6. Assessment of Demand-side Factors Affecting Global Food Security 7. Economic Development and Food Security Issues in Japan and South Korea 8. A Policy Choice of the Rice Import Issue in Taiwan 9. Rice Import Competition and Demand Allocation in Hong Kong and Singapore 10. Food Security Issues in Singapore 11. Demand for Food Safety in Taiwan 12. Forces Shaping Asia’s Demand for Vegetable Oils and Protein Meals Index

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Book SynopsisRural-urban migration is an important aspect in the development of countries. Until the late 1980s China was one of the few countries that controlled population movement both directly and indirectly through policies of economic and social control. The gradual relaxation of these policies has resulted in greater freedom of movement for the population, the effects of which are discussed in this significant volume.The book concentrates on the migration of minorities from a social, economic and ethnic perspective and attempts to quantify the overall level of movement. In particular, the authors examine the relationships between education, ethnicity and migration and identify the policies and conditions conducive to achieving positive outcomes for minority migrant households. The book aims to increase our understanding of the effects of movement, on the social, economic and ethnic status of migrant families. Taking existing census data as a starting point, the book makes a new contribution by drawing on a unique survey in four different regions, the data from which is used as the basis for detailed case study analysis. The study of internal migration is vital, the authors argue, in order to understand the change process from a centrally planned economic system to a market orientated society in China. The internal mobility of minorities can be regarded equally, as both a product of, and a contributing factor to, this social transformation. This notable and very readable book will be of significant interest to policymakers, international and development economists and researchers and students of Asian economics and demographics.Trade Review'The book is certainly worth reading for those interested in the political and social aspects of internal movement in China today. It focuses on a topic that deserves a great deal more attention in the debates about the social and political consequences of rural-urban mobility in China - both for the urban regions, but also for the regions which migrants leave behind.' -- Mette Halskov Hansen, China Information'Contemporary Minority Migration, Education and Ethnicity in China breaks important new ground in studying the interrelationships of migration, ethnicity and education.' -- Hein Mallee, The China Journal'This is an excellent book that will go a long way in introducing readers to many important and relevant demographic issues of the minorities of China.' -- Dudley L. Poston, Jr. - Journal of Population Research'Offering an in-depth analysis of this internal migration, the book proves indispensable for gaining a better understanding of the changes inherent in China's transition from a planned to a market economy.' -- Isabelle Attane, China Perspectives'Migration scholars will welcome this data-rich treatment of what is currently the most important movement of people world-wide - namely the eight million or more people moving from rural to urban areas in China each year. This is a milestone book, showing extensive and fruitful collaboration between Australian and Chinese scholars. The fieldwork is accomplished and professional, while the results reported are genuinely original and stimulating.' -- Robin Cohen, University of Warwick, UKTable of ContentsContents: 1. Introduction 2. Migration Research Background 3. Ethnicity and Minority Education Policy 4. Overall Minority Movement 5. Inner Mongolia and Mongol Movement 6. Tibet and the Movement of Tibetans 7. Xinjiang and Uyghur Movement 8. Beijing’s Growing Ethnic Minorities 9. Conclusion References Index

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Book SynopsisEducation has become an increasingly important activity within all economies; from pre-school years groups through to continuing education and retraining, the accumulation of skills spans a lifetime. Economic Principles for Education looks at all the major areas of economics, applying them to education.Human capital theory is discussed and evidence on rates of return and the benefits of training is presented. The demand for education is described, with an assessment of how pervasive wealth effects are in education systems. The author discusses the efficiency of education providers, including teacher supply, and identifies the optimal rules for teacher deployment. Education markets, the role of governments and the macroeconomics of education are all considered along with the key social benefits of education.Using evidence from a range of countries, but particularly the UK and the US, Clive Belfield provides an appreciation of the depth and breadth of the literature of the economic study of education in one easily accessible volume. This will be a valuable text for scholars of economics and education, and will be welcomed by all those interested in obtaining an overview of the field and in understanding the key principles economists use.Trade Review'There is an extensive discussion of much of the available literature on teacher supply. Similarly, there is good coverage of many other topics within the current field of education economics, such as student loans and vouchers. . . This book represents a useful stepping stone along the path of demonstrating the value of applying economic analysis to many key issues in education.' -- David J. Mayston, Education Economics'Belfield's book is a valuable addition to the literature in the economics of education: it provides an up-to-date and critical comment on the major developments that have taken place in the subject in recent years as well as presenting an insightful treatment of most of the traditional topics found in the "classics" by writers such as Blaug (1970) and Cohn and Geske (1990). It is a readable book. . . the book is a very useful addition to the literature and one I shall certainly encourage my students to read.' -- John Mace, Higher Education Review'. . . I would wholeheartedly recommend this book to my students. . .' -- George Psacharopoulos, International Journal of Educational Development'Belfield's considerable effort is praiseworthy. The book is well written, comprehensive, authoritative, and current. It is an excellent book for students with a good background in economic theory who take a course in the economics of education. It is also a marvelous source for academics in economics and related fields to learn or refresh their knowledge about the field.' -- E. Cohn, Economics of Education Review'The importance of this volume stems from the fact that it is dedicated solely to the economics of education for use as a college textbook. It brilliantly and cautiously sums up most economic issues of education in its pages. Despite its academic inclination. . . it is simple enough to be an important reference for education policy makers and various national and international agencies that deal with education. . . I found the book to be enlightening and useful. . .' -- A.F. Alhajji, The Journal of Energy and Development'. . . thanks to Belfield's pioneering work, the most recent theoretical and international empirical work in the economics of education has been gathered into a comprehensive and thoughtful book that will serve students and researchers in this subdiscipline for years to come. Rather than simply present the material as a collection of empirical evidence, the author successfully integrates the supporting superstructure of economic theory into the discussion. . . Throughout, the analysis is both thoughtful and comprehensive, and the writing is highly polished, making this a real "must-have" for any serious researcher in the economics of education. Highly recommended for undergraduate, graduate, and research collections.' -- F. Galloway, Choice'Erudite and comprehensive, Belfield's book is set to become the text and reference book of choice in the economics of education. The impressive amount of recent theoretical and international empirical work reported here illustrates vividly just how far the sub-discipline has come in the last decade. Belfield has shown, very persuasively, just how and why economic theory and argument can be marshalled to meet the aims of educational policy.' -- Professor Geraint Johnes, Lancaster University Management School, UKTable of ContentsContents: Preface 1. The Application of Economics to Education 2. Human Capital and Education 3. The Theory of Enrolment Choice 4. The Theory of the Enterprise 5. Evidence on Education Enterprises 6. Factor Inputs 7. The Theory of the Market 8. The Role of Government in Education 9. Aggregate Effects of Education 10. Education Policy Using Economics References Index

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Book SynopsisThe interplay between demand from the market, the role of users in shaping that demand, and the way in which these factors influence the innovation process has always been a complex one. This forward thinking book examines this interplay from a technological change perspective.The contributors explore the potential for rapprochement between economics, sociological and other social science disciplines in considering the allocation of resources and the making of decisions about technological change. The papers within this book represent a judicious blend of theory and empirical research and look at a broad range of innovations, markets and technologies in medicine, agricultural and food production, services and IT. Technology and the Market raises the question of the many 'visible hands' that are involved in linking technology and the market together.This book is recommended to academics and policymakers interested in demand-innovation interaction, scholars of industrial economics and the sociology of technology as well as entrepreneurs.Understanding user needs is now seen as one of the most important factors in the success of innovation and one of the raisons d'être of market research. This book attempts to move the boundaries to show the importance of how demand is detected or constructed by innovators.Table of ContentsContents: Preface 1. Introduction 2. Many Visible Hands 3. Great Expectations: The Constructions of Markets, Products and User Needs During the Early Development of Gene Therapy in the USA 4. Reconceptualizing the User(s) of – and in – Technological Innovation: The Case of Vaccines in the United States 5. Inducement and Blocking Mechanisms in the Development of a New Industry: The Case of Renewable Energy Technology in Sweden 6. Shaping the Selection Environment: ‘Chlorine in the Dock’ 7. When Markets Meet Socio-politics: The Introduction of Chlorine-free Bleaching in the Swedish Pulp and Paper Industry 8. Internet Market Applications in Ship-broking: A Framework and Research Findings 9. Internet Entrepreneurship: Why Linux Might Beat Microsoft 10. Design in the IT Industry: The Role of Users 11. How Innovative are Users? A Critique of Learning-by-Doing and -Using 12. Taste as a Form of Adjustment between Food and Consumers 13. Services and Innovation: Demand-led Changes in Business Organizations 14. The Missing Link: Innovation and the Needs of Less-Developed Country Users Index

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Book SynopsisRonald Dore's enquiring mind, rigorous reasoning and comparative methodology have greatly enhanced our understanding of Japan. His insights from Japan have been deployed to generate fresh perspectives on Britain and other industrialized and developing countries. This careful selection of writings reflects his underlying concern with what light the study of Japan sheds on theoretical generalizations about how societies evolve and how economies work. Social Evolution, Economic Development and Culture brings together Ronald Dore's key writings for the first time, making his work accessible across a wide range of social science disciplines. It produces a distinctive perspective with four interlinking themes - technology-driven social evolution, late development, culture and polemics. These are highly topical in the current context of rapid technological innovation and socio-economic change, globalization and accompanying policy choices.The book provides a rich empirical and conceptual source for those interested in technology, socio-economic evolution and culture, and the ways in which they interact. Researchers, teachers and students in the fields of evolutionary economics, economic development, comparative education, institutional economics, political economy and economic and classical sociology (as well as Japanese studies) will find this volume invaluable reading.Trade Review'. . . I can recommend no better reading material. . . than the writings of Ronald Dore presented in this fine volume from Edward Elgar.' -- James Reveley, Australian Economic History Review'This is not a mere selection of the writing of one of the most versatile Japan specialists, but a book which provides abridged versions of some of Ronald Dore's most representative writings in the various fields which he has been covering over several decades: development, education, political economy, sociology, etc . . . Dore's writing is eminently readable, enlightening and compassionate. It is therefore a book which is to be recommended to anybody with a broad interest in the issues confronting contemporary society.' -- Reinhard Drifte, Asian Affairs'By focusing on writings that represent Dore's theoretical assumptions and arguments within the tradition of comparative sociology, the editors have created a very neat 'one-stop-shopping' opportunity for us to review the underlying intellectual themes and coherence that unify his work . . . Those who have long been his admirers will read this collection with renewed respect and anticipate with relish his next salvo or carefully argued analysis. Those new to the field will find this book a useful introduction to the rich cornucopia of Dore's writings on Japan.' -- Thomas P. Rohlen, Journal of Japanese Studies'The image that emerges from this [collection] is one of an impressive scholar who is theoretically sophisticated, well read in a large variety of topics, extremely honest and acutely aware of social problems both in highly industrialized and in developing countries. [Dore's] insights . . . are always challenging and are still at the forefront of scholarship on Japan . . . I contend that his writings provide the most important contribution to the understanding of contemporary Japan in a Western language. This selection of writings reveals the immense importance of Dore's work not only for the analysis of Japanese society, economy and culture, but also for the development of a highly sophisticated multidisciplinary comparative approach to economic development and industrialization. I would suggest it is required reading for all interested in Japan, and also for those who are reflecting on more complex theoretical frameworks in the analysis of current problems and on ways to solve them.' -- Bernard Bernier, Pacific AffairsTable of ContentsContents: Introduction Part I: Technology-driven Social Evolution Part II: And Late Development Part III: But Culture Does Matter, Too Part IV: Polemics: For All the Constraints of Structure and Culture, Is There Still Room for Hope and Reason? Index

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Book SynopsisThis authoritative new collection gathers together the issues important to the understanding of the challenges and problems of modern rail transport.Part I includes articles on costs and productivity, part II discusses pricing and part III looks at regulation and privatisation. Part IV examines econometric rail demand models. Part V focuses on disaggregate choice modelling and part VI covers investment.The editors have included not only classic papers by Griliches, Keeler and Caves et al on cost functions, Baumol on pricing and regulation and Foster and Beesley on investment, but also lesser known papers which pioneer up to date methods. Together these form a valuable collection of previously published articles which will be of interest to researchers and policy analysts in the industry and to academics and students specialising in rail transport policy and economics.Trade Review'From Harold Hotelling to the present day, this volume gathers together some of the most important contributions by transport economists to advancing our understanding of how the railway industry works.' -- John Preston, University of Oxford, UKTable of ContentsContents: Acknowledgements Introduction Chris Nash, Mark Wardman, Kenneth Button and Peter Nijkamp PART I COSTS AND PRODUCTIVITY 1. Zvi Griliches (1972), ‘Cost Allocation in Railroad Regulation’ 2. Theodore E. Keeler (1974), ‘Railroad Costs, Returns to Scale, and Excess Capacity’ 3. Douglas W. Caves, Laurits R. Christensen and Joseph A. Swanson (1980), ‘Productivity in U.S. Railroads, 1951–1974’ 4. Douglas W. Caves, Laurits R. Christensen, Michael W. Tretheway and Robert J. Windle (1985), ‘Network Effects and the Measurement of Returns to Scale and Density for U.S. Railroads’ 5. Tae Hoon Oum and Chunyan Yu (1994), ‘Economic Efficiency of Railways and Implications for Public Policy: A Comparative Study of the OECD Countries’ Railways’ PART II PRICING 6. Harold Hotelling (1938), ‘The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates’ 7. William J. Baumol, James C. Bonbright, Yale Brozen, Joel Dean, Ford K. Edwards, Calvin B. Hoover, Dudley F. Pegrum, Merrill J. Roberts and Ernst W. Williams, Jr. (1962), ‘The Role of Cost in the Minimum Pricing of Railroad Services’ 8. Jan Owen Jansson (1998), ‘An Analysis of the Rail Transport System’ PART III REGULATION AND PRIVATISATION 9. William J. Baumol (1983), ‘Some Subtle Pricing Issues in Railroad Regulation’ 10. Louis Thompson (1993), ‘The Evolution of Railroad Regulation in the United States’ 11. F. Mizutani and K. Nakamura (1997), ‘Privatization of the Japan National Railway: Overview of Performance Changes’ 12. C.A. Nash and J. Preston (1993), ‘The Policy Debate in Great Britain’ PART IV ECONOMETRIC RAIL DEMAND MODELS 13. Lester B. Lave (1972), ‘The Demand for Intercity Passenger Transportation’ 14. Jonathan Tyler and Richard Hassard (1973), ‘Gravity/Elasticity Models for the Planning of the Inter-urban Rail Passenger Business’ 15. A.D. Owen and G.D.A. Phillips (1987), ‘The Characteristics of Railway Passenger Demand’ 16. Mark Wardman (1997), ‘Inter-urban Rail Demand, Elasticities and Competition in Great Britain: Evidence from Direct Demand Models’ 17. Jonathan Preston (1991), ‘Demand Forecasting for New Local Rail Stations and Services’ 18. P. Someshwar Rao (1978), ‘Forecasting the Demand for Railway Freight Services’ PART V DISAGGREGATE CHOICE MODELLING 19. Benedikt Mandel, Marc Gaudry and Werner Rothengatter (1994), ‘Linear or Nonlinear Utility Functions in Logit Models? The Impact on German High-Speed Rail Demand Forecasts’ 20. David A. Hensher (1998), ‘Establishing a Fare Elasticity Regime for Urban Passenger Transport’ 21. E.P. Kroes and R.J. Sheldon (1985), ‘Stated Preference Techniques in Measuring Travel Elasticities’ 22. Phillipa Marks and Mark Wardman (1991), ‘Leisure Travel’ 23. Tony Fowkes and Geoff Tweddle (1997), ‘Validation of Stated Preference Forecasting: A Case Study Involving Anglo-Continental Freight’ PART VI INVESTMENT 24. C.D. Foster and M.E. Beesley (1965), ‘Estimating the Social Benefit of Constructing an Underground Railway in London’ 25. Stewart Joy (1971), excerpt from ‘Pricing and Investment in Railway Freight Services’ 26. A. Bonnafous (1987), ‘The Regional Impact of the TGV’ 27. David Damm, Steven R. Lerman, Eva Lerner-Lam and Jeffrey Young (1980), ‘Response of Urban Real Estate Values in Anticipation of the Washington Metro’ 28. Christopher Nash (1992), ‘Appraisal of Rail Projects’ Name Index

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Book SynopsisKnowledge and innovation are key factors contributing to growth and prosperity in the new service economy. This book presents original, empirical and theoretical contributions to address the economic dimensions of knowledge and the organisation of knowledge intensive activity through specialised services. Specific analyses include: macro statistics to highlight the contribution of services to economic activity firm level survey data to identify and consider client relations case studies of four innovation-oriented business services. Further chapters deal with the specific functions connected with knowledge, the new discipline of 'knowledge management', intellectual property rights, and the role of knowledge in national and international economic systems.Offering an overview of a highly important and pervasive set of phenomena, this book outlines and illustrates the intellectual agenda associated with the rise of a global services economy. It will appeal to industrial and business economists, researchers, students, policymakers and business analysts.Trade Review'This book should be read by all who are interested in the impact of knowledge and innovation on the global service economy.' -- Ilan Alon, International Journal of Service Industry Management'Knowledge and Innovation in the New Service Economy is an interesting book that provides a good overview of recent trends in the service sector. . . . This book is recommended for libraries supporting upper division and graduate programs in international business and e-commerce, or for those who want a thorough overview of the knowledge-based service economy.' -- Steven W. Staninger, Business Information AlertTable of ContentsContents: 1. Introducing the New Service Economy 2. Knowledge and Innovation in the New Service Economy 3. The Contribution of Knowledge-Intensive Services to Manufacturing Industry 4. Competition and Innovation Amongst Knowledge Intensive and Other Service Firms: Evidence from Germany 5. Web Services: Knowledge of the New 6. Ecommerce: Servicing the New Economy 7. Environmental Services: Sustaining Knowledge 8. Computer Services: The Dynamics of a Knowledge-Intensive Sector 9. Knowledge Management Practices and Innovation 10. Services, Knowledge and Intellectual Property 11. The Internationalisation of Knowledge-Intensive Business Service Firms 12. Outsourcing Novelty: The Externalisation of Innovative Activity 13. Services and Systems of Innovation 14. Intellectual Property Rights Shaping Innovation in Services 15. Global Knowledge Systems in a Service Economy 16. Understanding the New Service Economy References Index

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Book SynopsisJapan has succeeded in many industries through its renowned production system. Competitive advantage, however, in the new economy is shifting from production to demand-based capabilities. One such new industry is pharmaceuticals, where Japan has been a resounding failure, both from public policy and corporate strategy perspectives. This book provides a detailed examination of how Japan has socially constructed its pharmaceutical industry, the economic and political bases of this construction and the consequences for corporate innovation and performance.Perhaps the starkest indication of this failure of Japanese public policy is the emergence of a new drug lag in that nation. Almost 90 percent of recent important new drugs are unavailable in Japan, despite their widespread diffusion throughout the rest of the world. Analysis of this drug lag confirms that it is not due to government discrimination against Western firms, but rather is only one of many consequences of failed Japanese industrial policies.The author presents an analysis of the nature, causes and consequences of the new drug lag in Japan. He contrasts the problem with the one experienced in the US and looks at the powerful role played by domestic politics in shaping the pharmaceutical industry. The last chapters look at the various remedies available. Academics, experts in government and industry, researchers and students of industrial policy, economics, public health and trade policy will find the examination of this important industry both informative and enlightening.Table of ContentsContents: Introduction 1. Nature of the New Drug Lag 2. Industrial Policy and Domestic Ecosystems 3. The Domestic Japanese Ecosystem for Pharmaceuticals 4. Pathologies of the Japanese Domestic Ecosystem 5. Evidence: Declining Prices and Life Cycle Sales in Japan 6. Evidence: Declining Registrations in Japan 7. Evidence: Declining Launches in Japan 8. Evidence: Inflated Domestic Market Share in Japan 9. Challenges to the Dual State in Japan 10. Trade Law and Remedies for Market Exclusion References Index

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Book SynopsisThe Economics of Biotechnology is a highly accessible book dealing with some of the most crucial issues to arise in this area. Special attention is paid to consumer, ethical and environmental concerns as well as questions relating to trade policy, intellectual property, who will receive the benefits, international development and the role of international institutions such as the WTO.The authors examine concerns arising from the application of biotechnology in the agri-food industrial complex, and many of the issues discussed also have implications for the medical and pharmaceutical aspects of biotechnology.Fundamental questions regarding the application of standard economic analysis to biotechnology are resolved using traditional neo-classical analyses as well as less mainstream methods. Through exploring a number of approaches, original and unexpected conclusions are reached.This coherent and relevant treatment of the myriad facets of biotechnology will be welcomed by academics, scholars, and economists with a specific interest in international economics or technology, international policymakers, and economic commentators.Trade Review'The authors are to be commended for a timely book on the economics of agricultural biotechnology. . . Gaisford et al have provided a good starting point of particular relevance to economists who are seeking an initial conceptual perspective from which to comprehend the subject.' -- W. Lesser, Cornell University, US'The book does an excellent job at addressing all three levels from an efficiency and equity point of view . . . Readers with a background in biotechnology but less knowledge in economics will find it very useful, as well as economists who are interested in the key economic issues of biotechnology . . . I agree with the publisher that the addressed audience will welcome and like the book, and I can highly recommend it.' -- Justus Wesseler, European Review of Agricultural Economics'The book is an absorbing one . . . will give insight on business of biotechnology and related issues, such as ethical issues, IPR etc and to economist and market researchers with specified interest in biotechnology. This could be also useful for international policymakers/planners and economic commentators.' -- Ashok Pandey, Journal of Scientific and Industrial ResearchTable of ContentsContents: Preface 1. Biotechnology 2. Intellectual Property 3. The Environment 4. Consumer Issues 5. Ethical Concerns 6. Who Gets the Biotechnology Rents? 7. International Issues 8. Economics and the Future of Biotechnology References Index

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