Economics Books

Book SynopsisThroughout American history, periodic cycles of economic change have fundamentally reordered the way we work, the organization of business and markets, the role of government, and even the nature of politics. If we are to control our future, we must understand this process of change. These economic transformations are powered by the emergence of waves of new technologies. In the 1890s, the development of electricity and cheap steel led to a new, factory-based economy. In the 1940s and 1950s, automation and advances in electronics and chemicals created a new national corporate, mass-production economy. Since the 1990s, an information technology revolution has again created a robust New Economy.Robert Atkinson examines this process of change over the past 150 years and explores the responses of people and institutions. The book then analyzes today's New Economy, including the new information technology system, and effects on markets, organizations, workers, and governance. Taking into account the historical record, the book discusses the shortcomings of prevailing liberal and conservative economic doctrines and lays out a new growth economics agenda aimed at maximizing the productivity-enhancing forces of the New Economy. Anyone interested in American history as well as the future contours of our economy will find Dr Atkinson's insightful analyses a fascinating guide to the past and a provocative challenge for the future. Economists, business leaders, scholars, and economic policymakers will find it a necessary addition to the literature on economic cycles and growth economics.Trade Review'Atkinson is an effective advocate. He writes well, drawing on a wide range of literature.' -- M. Perelman, Choice'Rob Atkinson is one of our best analysts of how innovation drives local and regional economies, and what to do to take advantage of technological change. In his visionary book, he fluently articulates the principles of a new 'growth economics' that is America's best hope for a prosperous future leaving no one behind.' -- Rosabeth Moss Kanter, Harvard Business School professor and author of Confidence: How Winning Streaks and Losing Streaks Begin and End'Any person concerned about the future of our economy should read this book. Atkinson offers terrific historical perspective as well as specific policy proposals that would give us the best chance for broad based economic growth now and for generations to come. It should be mandatory reading for public policymakers.' -- Congressman Adam Smith (D-WA), Co-chair of the House New Democratic Coalition, US'Rob Atkinson has produced a powerful and far-reaching look at the underlying mechanism powering today's New Economy. In particular, he shows how the US is just at the beginning of an innovation wave which is not only boosting productivity, but transforming economic organization and economic policy as well. This book is essential reading for anyone who wants to understand how the US economy got to where it is today, and how it can best get to a prosperous and humane future.' -- Michael J. Mandel, Chief Economist, Business Week, and author of Rational Exuberance: Silencing the Enemies of GrowthTable of ContentsContents: Part I: How Technology Drives Economic and Social Transformations 1. Introduction: A New Economy? 2. Technological, Economic and Social Transformation 3. Economic Transformations from the 1840s to the 1990s 4. Today’s Entrepreneurial, Knowledge-Based Economy 5. The Key to Productivity Revival? 6. The New Economy and its Discontents Part II: Modernizing Public Policies for the New Economy 7. Legacy Economic Policy Frameworks 8. Growth Economics for the New Economy 9. Implementing Growth Economics 10. Building a More Humane Economy Bibliography Index

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Book SynopsisThis book employs novel techniques to compare technological capabilities and economic performance in seven countries at varying stages of industrial development: Brazil, Costa Rica, Indonesia, Kenya, Malaysia, South Africa and Uganda. The author uses a methodology drawn from the technology capability framework, but extensively adapts and simplifies it to extract common cross-industry parameters for statistical analysis. He employs the framework to compare the technological, local sourcing and performance dynamics of foreign and local firms in a variety of industries. The results offer a common synthesis and fresh ideas on the importance of foreign firms in technological capability building and economic performance in developing countries. They reveal that although foreign firms tend to enjoy higher human resource and process technology capabilities in the most underdeveloped economies, in the more advanced nations this comparative advantage is significantly eroded. The author shows how the institutional and systemic strength of a country can help to explain the level of participation of foreign firms in R&D activities. He also identifies domestic and regional markets, infrastructure, incentives, natural resources and human capital as important factors in stimulating significant R&D investment by foreign firms.This interesting and well-written book presents an original examination of the dynamic relationship between foreign firms, technology, innovation and economic performance in Asia, Africa and Latin America. Academics, policymakers and NGOs interested in development economics, technology policy and trade will find this to be an extremely valuable resource.Trade Review'This book by Rajah Rasiah and colleagues is a major step forward. . . It bases the analysis of foreign and local firms in a range of developing countries squarely on measuring and comparing technological capabilities. This is a significant advance in methodological terms. It also yields very interesting results. What adds to the interest is the range of countries covered, from industrially advanced nations like Brazil, South Africa and Malaysia, to relatively backward ones such as Kenya and Uganda. The book is thoroughly researched, rigorous in its analysis and comprehensive in its coverage of the literature.' -- From the foreword by the late Sanjaya Lall'This volume contains a number of original, well-researched and empirically valuable essays and case studies on the role which foreign firms may play in upgrading the technological capabilities and competitiveness of seven developing countries. Professor Rasiah is to be congratulated for assembling such a varied and interesting set of contributions, each of which should be essential reading for all those interested in the impact of foreign direct investment on economic development and structural transformation.' -- John H. Dunning, University of Reading, UK and Rutgers University, US'Rajah Rasiah's broad-ranging study breaks new ground in analyzing the relationship between a country's technological capabilities, the activities of foreign firms, and economic performance. His rigorous yet flexible framework, which incorporates institutional complexities into a statistical analysis, allows him to look at the development process in seven diverse countries. His findings that the relative advantages of foreign multinational firms over local firms declines over the development trajectory should change our thinking as well as our policies. This book is a must-read for anyone interested in the role that technology plays in the development process.' -- Clair Brown, University of California, Berkeley, US'This book fills an important gap in the literature on foreign direct investment and economic development. Based on an excellent review of existing theories, comparative case studies from Africa, Asia and Latin America explore diverse approaches that developing countries can use to benefit from the presence of foreign firms to improve technological capabilities and economic performance. A must-read for students interested in contemporary pathways to industrialization.' -- Dieter Ernst, East-West Center, Honolulu, USTable of ContentsContents: Preface Foreword 1. Introduction 2. Productivity, Export and Technological Differences in Kenya 3. Technology, Local Sourcing and Economic Performance in South Africa 4. Technology and Economic Performance in Uganda 5. Technological Intensity and Export Incidence in Indonesia 6. Economic Performance, Local Sourcing and Technological Intensities in Malaysia 7. Productivity, Export, Local Sourcing and Technology in Brazil 8. Intel-Driven Enterprise Linkages in Costa Rica Bibliography Index

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Book SynopsisThis original Handbook on the Northeast and Southeast Asian Economies provides a broad overview of economic and social developments in the countries covered (Brunei Darussalam, Cambodia, China, Hong Kong, Indonesia, Japan, Lao, Malaysia, Myanmar, North Korea, The Philippines, Singapore, South Korea, Taiwan, Thailand and Viet Nam). The analytical narratives on the economic transformation of these economies draw on existing literature, and highlight the interactions of socio-political factors. They examine the role of economic policies and the influence exerted by historical and political circumstances.Each chapter, written by leading country experts, begins with a brief discussion of the political history of the country and ends with a discussion of future prospects and challenges. The editors' introduction provides a comprehensive survey of the political economy of Northeast and Southeast Asian economic transformation with a particular emphasis on post-Asian crisis issues.The editors have ensured that this Handbook will be an invaluable reference work for many years to come for researchers, academics and students of Asian studies. Policymakers interested in learning more about the background and future opportunities and challenges posed by these economies will also find much to engage them.Table of ContentsContents: Introduction: Northeast Asian Economic Development: Which Way Now? Iyanatual Islam and Anis Chowdhury 1. Japan Craig Freedman 2. South Korea O. Yul Kwon 3. Taiwan Wan-wen Chu 4. Singapore Chia Siow Yue 5. Hong Kong Kui-Wai Li 6. Malaysia Ahmad Zubaidi Baharumshah 7. Thailand Somboon Siriprachai 8. The Philippines Joseph Anthony Y. Lim 9. Indonesia Thee Kian Wie 10. Brunei Darussalam Rosnah Opai 11. China Huijong Wang 12. Viet Nam John Thoburn 13. Cambodia Melanie Beresford 14. Laos Andrea K. Chareunsy 15. Myanmar (Burma) Tin Maung Maung Than 16. North Korea Frank Ruediger Index

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Book SynopsisThe success of any regional economic story depends on how much the political economy and financial economy complement each other. The BRIC grouping (Brazil, Russia, India and China) was deemed to be at a similar stage of newly advanced economic development when Goldman Sachs coined the acronym in 2001. As a new asset class for the financial economy, portfolio funds were launched and as a consequence political economic initiatives lent the BRIC grouping status and cohesiveness. The Bay of Bengal: The Next BRICS Asset Class has been written to demonstrate the economic potential of the grouping, and the benefits of creating a distinct asset class. The author compares economic/corporate performance data of the Bay of Bengal (BoB) grouping with other regions of developing countries (BRICS, ASEAN, SAARC, EAC, MENA, EEC, CIS, MINT, CIVETS, Pacific Alliance, etc.) to show that the Bengal group is expected to reach a combined GDP of $6 trillion by 2021, just as the BRICS did in 2006 (five years after BRIC was coined). The BoB grouping has relatively the best linear/synchronised growth, a high proportion of companies generating consistent profits/return on equity, a more diversified profit pool and a fair mix of economic-growth drivers compared to other economic groupings. The economic relevance of this region is clear and statistically substantiated, and The Next BRICS Asset Class sets out to reverse the current lack of awareness amongst the financial economy. The authors aim is to justify the economic substance of this grouping so that it complements the political economys initiatives that will follow.

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Book SynopsisThis thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues, and breaks new ground by bringing together widely dispersed yet theoretically congruent ideas.Following a comprehensive introduction by the editor, the renowned contributors look in detail at several critical areas including: fundamentals of the law and economics approach private law and economics public law and economics labour law and economics regulation, taxation and public enterprise dispute resolution different sources of the law economic analysis of a legal problem classical authors in law and economics. Students and scholars interested in a comprehensive and rigorous overview of the field of law and economics will find this volume to be a unique and welcome resource. The Companion will also have a broad appeal amongst industrial economists and historians of economic thought.Trade ReviewAcclaim for the first edition: 'Backhaus's book is a good companion.' -- Pablo Salvador Coderch, Indret'A most valuable collection of papers serving to provide the reader both with an overview of some key areas in law and economics and with a biographical introduction to the work of some important, if also neglected, sources of scholarship in the discipline.' -- Anthony Ogus, Professor Emeritus, University of Manchester, UK and Erasmus University Rotterdam, the NetherlandsTable of ContentsContents: Introduction Jürgen G. Backhaus Part I: Basics of the Law and Economics Approach 1. Coase Theorem and Transaction Cost Economics in the Law Francesco Parisi 2. Property Rights and their Partitioning Christian Müller and Manfred Tietzel 3. Legal Change in Economic Analysis John N. Drobak and Douglass C. North 4. Positive, Normative and Functional Schools in Law and Economics Francesco Parisi 5. Commons and Anticommons Francesco Parisi and Ben Depoorter Part II: Private Law and Economics 6. The Economics of Tort Law Giuseppe Dari Mattiacci and Francesco Parisi 7. Family Margaret Brinig 8. Inheritance Richard E. Wagner 9. Intellectual Property and the Markets of Ideas Giovanni B. Ramello 10. Incomplete Contracts and Institutions Antonio Nicita and Ugo Pagano Part III: Public Law and Economics 11. Central Bank Zelijko Sevic 12. Constitutional Economics I Francesco Farina 13. Constitutional Economics II Ludwig Van den Hauwe 14. Administrative Law and Economics Jean-Michel Josselin and Alain Marciano 15. Property Thomas J. Miceli 16. The European Union’s Institutional Design Elisabetta Croci Angelini 17. Subsidiarity Jürgen G. Backhaus Part IV: Labour Law and Economics 18. Labour Contracts Don Bellante 19. Company Board Representation Jürgen G. Backhaus 20. Employment Security through Dismissal Protection: Market versus Policy Failures Christoph F. Buechtemann and Ulrich Walwei Part V: Regulation, Taxation and Public Enterprise 21. Structures of Public Enterprise Jürgen G. Backhaus 22. Environmental Law and Economics A. Allan Schmid 23. Environmental Policies Choice as an Issue of Informational Efficiency Donatella Porrini 24. Tradeable Emission Rights Edwin Woerdman 25. Regulatory Taxation Jürgen G. Backhaus Part VI: Dispute Resolution 26. Dispute Resolution Thomas J. Miceli Part VI: Different Sources of the Law 27. Judicial Independence Sophie Harnay 28. General Norms and Customs Jean-Michel Josselin and Alain Marciano 29. Science as a Source of Law Peter R. Senn 30. Social Science as a Source of the Law Peter R. Senn 31. Cognitive Science John N. Drobak 32. Connections with Law and Society Research Jürgen G. Backhaus Part VIII: Towards an Ideal Economic Analysis of a Legal Problem 33. Towards an Ideal Economic Analysis of a Legal Problem Jürgen G. Backhaus Part IX: Classical Authors in Law and Economics 34. Cesare Beccaria (1738–94) Francesco Parisi and Giampaolo Frezza 35. Franz Böhm (1895–1977) Heinz Grossekettler 36. John R. Commons (1862–1945) Warren J. Samuels 37. Walter Eucken (1891–1950) Leland B. Yeager 38. Otto von Gierke (1841–1921) Jürgen G. Backhaus 39. Augusto Graziani (1865–1938) Giampaolo Frezza and Francesco Parisi 40. Robert Lee Hale (1884–1969) – Legal Economist Nicholas Mercuro, Steven G. Medema and Warren J. Samuels 41. Friedrich August von Hayek (1899–1992) Ludwig Van den Hauwe 42. Theodor Herzl (1860–1904) Peter R. Senn 43. Rudolf von Jhering (1818–92) and the Economics of Justice J.L.M. Elders 44. Franz Klein (1854–1926) Peter Lewisch 45. Etienne Laspeyres (1834–1913) Wolfgang Drechsler 46. Friedrich List (1789–1846) Arno Mong Daastöl 47. Achille Loria (1857–1943) Giampaolo Frezza and Francesco Parisi 48. Karl Marx (1818–83) and Friedrich Engels (1820–95) Heath Pearson 49. Carl Menger (1840–1921) Richard E. Wagner 50. Plato (c. 427–349 BC) Wolfgang Drechsler 51. Wilhelm Roscher (1817–94) Erich Streissler 52. Emil Sax (1845–1927) Manfred Prisching 53. Gustav von Schmoller (1838–1917) Helge Peukert 54. Adam Smith (1723–90) Helge Peukert 55. Werner Sombart (1863–1941) Günther Chaloupek 56. Lorenz von Stein (1815–90) Heinz Grossekettler 57. George Joseph Stigler (1911–92) Peter R. Senn 58. Pietro Trimarchi (1934–) Giampaolo Frezza and Francesco Parisi 59. Thorstein Veblen (1857–1929) Heath Pearson 60. Max Weber (1864–1920) Helge Peukert 61. Christian Wolff (1679–1754) Wolfgang Drechsler Index

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Book SynopsisThis fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical studies in political economy, illuminating its role in critiquing the specific categories, contradictions and crisis-tendencies of capitalism.Parts I and II provide a foundation in institutionalism, international political economy and historical semantics, before introducing an original account of sense- and meaning-making and its role in remaking social relations. This account connects the evolution of both economic and extra-economic concepts to dispositives (problem-oriented social fixes), institutions, and capitalist restructuring. In Parts III and IV, specific case studies demonstrate how this new research program can be applied to issues such as competitiveness, the knowledge-based economy, governmental technologies, institutional and spatio-temporal fixes and crisis management.Scholars and students of heterodox, cultural, political and institutional economics will find this book a comprehensive and illuminating addition to their libraries.Table of ContentsContents: Preface Introduction Part I: The Logos, Logics and Limits of Institutional and Cultural Turns: Challenges and Responses 1. Institutional Turns and Beyond in Political Economy 2. Cultural Turns and Beyond in Political Economy 3. Semiotics for Cultural Political Economy Part II: Towards a Post-Disciplinary Cultural Political Economy 4. Between Scylla and Charybdis: Locating Cultural Political Economy 5. Elaborating the Cultural Political Economy Research Agenda: Selectivities, Dispositives and the Production of (Counter-)Hegemonies Part III: Reimagining and Institutionalizing Competitive Governance: Narratives, Strategies and Struggles 6. A Cultural Political Economy of Variegated Capitalism 7. A Cultural Political Economy of Competitiveness and the Knowledge-based Economy 8. The Production of a Hegemonic Knowledge Brand: Competitiveness Discourses and Neoliberal Developmentalism 9. Competitiveness Clusters, Wal-Martization and the (Re)making of Corporate Social Responsibilities 10. Competitiveness Knowledge Brands and Service Governance: The Making of Hong Kong’s Competitiveness–Integration (Dis)order Part IV: Financialization, Financial Crisis and Reimaginations 11. Crisis Construals and Crisis Recovery in the North Atlantic Financial Crisis 12. The North Atlantic Financial Crisis and Crisis Recovery: (Trans-)national Imaginaries of ‘BRIC’ and Subaltern Groups in China Part V: Consolidating Cultural Political Economy: From Pre-theoretical Intuition to Post-Disciplinary Practice 13. Implications for Future Research in and on Cultural Political Economy References Index

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Book SynopsisThe economists who began using statistics to analyze financial markets in the 1950s have been credited with revolutionizing the scholarship of investing and with inaugurating modern financial economics. By examining the work of economists who used statistics to analyze financial markets before 1950, Donald Stabile provides evidence about the forerunners of modern financial economics.In studying these predecessors, this innovative book reveals that, starting around 1900, there were economists in the United States who believed that changes in stock prices could be treated as a random variable to be analyzed with statistical methods, and who used early versions of the efficient markets theory to justify their belief. Although they did not call themselves Bayesians, the author explores how they adhered to a philosophy consistent with Bayesian statistics. An epilogue considers the linkages between the forerunners of modern finance, its innovators and modern successors.An original work in the history of economic thought, Forerunners of Modern Financial Economics will be of great interest to both economists and historians interested in the development of statistical finance and economic thought, as well as to statisticians, financial analysts, and advanced undergraduate and graduate students studying financial economics.Trade Review‘Forerunners of Modern Financial Economics represents a valuable contribution to the intellectual history of the field.' -- Martin S. Fridson, Financial Analysts Journal'This book will be of great interest to serious students of human decision making and those interested in contemporary cross-cultural methods and techniques.' -- R.S. Hewett, Choice'Forerunners of Modern Financial Economics is a short book with a number of attractive features. The subject is treated in an introductory fashion and the text is pleasant to read. Various fascinating intellectuals from the 1900-50 period that contributed, in some significant fashion, to financial economics are identified.' -- Geoffrey Poitras, EH.NetTable of ContentsContents: Preface 1. Introduction: Finance, Risk, and Statistics 2. The Highs and Lows of Bayesian Economic Statistics 3. Irving Fisher and the Mathematics of Risk 4. Thorstein Veblen and Credit Risk 5. Risk and Diversification in the Boom of the 1920s 6. Evaluating Market Forecasts: Financial Economics in the 1930s 7. Statistics and the Theory of Value Investing 8. Finance in a Period of War, Debt, and Taxes 9. The Forerunners in Relation to Modern Financial Economics Bibliography Index

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Book SynopsisKnowledge Policy illustrates how the production of knowledge has become central to economic life, and that competitiveness in the 21st century market place is characterized by the ability to translate scientific and technological knowledge into innovation. Does this therefore render cultural and social knowledge unimportant? The contributors attempt to answer this and other important questions using a broader epistemological base for the term 'knowledge'. Policy implications are then developed from this perspective. By examining long-term challenges, this unique book explains what we actually mean by the term 'knowledge' and raises fundamental critiques of existing conceptions of knowledge. It argues that fresh policy thinking is needed not only in more obviously knowledge-intensive sectors, but also across all areas of knowledge production. By way of illustration, the effects of the different dynamics of the knowledge era on defence, health, employment, environment, indigenous and international relations, multiculturalism and urban policy are explored. The book then addresses the enduring question of whether it is possible to produce too much knowledge at the expense of wisdom.Providing a thorough treatment on the meaning, production and application of knowledge, this book will provide a fascinating read for academics, researchers, students, practitioners and policymakers with an interest in public policy and knowledge-based economies.Table of ContentsContents: 1. Introduction Greg Hearn and David Rooney 2. Knowledge Services Ian Miles 3. Education and the Knowledge Economy Michael A. Peters 4. Women and Cognitive Authority in the Knowledge Economy Juli Eflin 5. Cultural and Creative Industries Terry Flew 6. From Creative Industries to Creative Economy Stuart Cunningham 7. Information Society Policy Lee Komito 8. The Role of Media in the Knowledge Economy David Rooney, Bernard McKenna and Rhonda Breit 9. Science and Technology Policy Futures Neal Ryan and Michael B. Charles 10. Justifying Science: The Need for Macroeconomic Knowledge Policy Steve Fuller 11. The New Biology: Implications for Knowledge Policy Sigrid A. Lehnert 12. Copyright 2010: The Need for Better Negotiability/Usability Principles Brian Fitzgerald 13. Industry Policy as Innovation Policy Kate Morrison and Jason Potts 14. Employment and Innovation in the Information Economy John Quiggin 15. Environment, Water and Energy in the 21st Century: The Role of Deliberative Governance for the Knowledge Society Richard Hindmarsh 16. Citizenship, Migration and Multiculturalism After 9/11: Towards New Policies for Naturalization Dora Kostakopoulou 17. A New Paradigm for Ethical and Sustainable Indigenous Knowledge Policy Hitendra Pillay 18. International Relations and Geopolitics Rosita Dellios 19. Knowledge Policy and the Future of War, Defence and Peace Emma N. Kennedy da Silva and Rod B. Lyon 20. Conclusion: Towards Integrated Knowledge Policy Greg Hearn and David Rooney Index

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Book SynopsisIn spite of massive flows over the past 50 years, aid has failed to have any significant impact on development. Marginalization from the world economy and increases in absolute poverty are causing countries to degenerate into failed, oppressive and, in some cases, dangerous states. To address this malaise, Ashok Chakravarti argues that there should be more recognition of the role economic and political governance can play in achieving positive and sustainable development outcomes.Using the latest empirical findings on aid and growth, this book reveals how good governance can be achieved by radically restructuring the international aid architecture. This can be realised if the governments of donor nations and international financial institutions refocus their aid programs away from the transfer of resources and so-called poverty reduction measures, and instead play a more forceful role in the developing world to achieve the necessary political and institutional reform. Only in this way can aid become an effective instrument of growth and poverty reduction in the 21st century. Aid, Institutions and Development presents a new, thoroughly critical and holistic perspective on this topical and problematic subject. Academics and researchers in development economics, policymakers, NGOs, aid managers and informed readers will all find much to challenge and engage them within this book.Trade Review'This accessible book is a powerful critique of the effectiveness of development aid. It skilfully combines a wealth of practical experience with a thorough examination of recent academic research. It will certainly challenge the defenders of aid to rethink their position for the twenty-first century.' -- John Toye, Department of Economics, Oxford, UK'This is an excellent book; interesting and extremely well written. It offers a masterly survey of existing work in the field and will have a wide appeal amongst policymakers and academic economists with an interest in development.' -- A.P. Thirlwall University of Kent, Canterbury, UK'This book makes a significant contribution by examining an important issue, namely, the effects of foreign aid on development. The author provides an insightful critical review of the relevant academic literature, and presents a careful evaluation of recent foreign aid initiatives and approaches. The reader is struck by the author's painstaking and wide-ranging research on the subject, interspersed with thoughtful comments based on his own experiences. Scholars and practitioners working on development will find much that is insightful, informative, provocative and stimulating.' -- Amitava Krishna Dutt, University of Notre Dame, USTable of ContentsContents: Preface 1. Introduction 2. Institutions, Governance and Growth 3. The Nature and Content of Aid 4. The Role of Donors and Recipient Responses 5. Inequalities, Economic Growth and Poverty Reduction 6. New Strategies for Aid and Development 7. The Way Ahead References Index

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Book SynopsisWritten by the scholar who, together with Chris Freeman, first introduced the concept of the innovation system, this book brings the literature an important step forward. Based upon extraordinarily rich empirical material, it shows how and why competence building and innovation are crucial for economic growth and competitiveness in the current era. It also provides a case study of a small, very successful European economy combining wealth creation with social cohesion. The author's comparative analysis of innovation systems demonstrates that the 'new economy' can thrive and grow not only in the US-type of economy but also in European economies which exhibit a high degree of social cohesion. He warns against the polarisation that may result from a development path where the success of individuals, organisations and national economies reflects their capability to adopt new competencies and skills. He argues that if this kind of learning economy is left unattended, it will eventually undermine the social cohesion that is essential for interactive learning processes. As such, he emphasises the need to develop coherent policy strategies at the regional, national and EU level in order to cope with the new challenges of the globalising learning economy.Innovation, Growth and Social Cohesion is a highly readable, non-technical book which illustrates the basic concepts with plentiful examples and a wide variety of empirical material. Students and scholars in the field of industrial dynamics and innovation research will find this an invaluable resource. It will also be of significant interest to policymakers looking for growth models compatible with social cohesion and those interested in understanding the dynamics of the new learning economy.Trade Review'My overall assessment of this book is very positive. It presents itself well and is a well written contribution to the debate on the future of innovation policy. It is certainly worth reading, presenting both interesting and thought-provoking insights on the dynamics of innovation systems, as well as an interesting chapter on policy and management implications. The focus on labour market policies as central means in innovation policy is an important point.' -- Poul Houman Andersen, Journal of Evolutionary Economics'Bengt-Ake Lundvall has made many outstanding original contributions to contemporary understanding of innovation systems, not only in Scandinavia but world-wide. This book is especially valuable in its deep appreciation of the role of social cohesion during periods of far-reaching technological transformation. Like the earlier work of Polanyi on "The Great Transformation", it is essential reading for all those concerned with innovation and social change.' -- Christopher Freeman, SPRU - Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The NetherlandsTable of ContentsContents: Preface Introduction: Innovation and Social Cohesion in a Learning Economy 1. The Objective: To Stimulate a Knowledge-based Debate about Innovation Policy 2. Innovation 3. The Innovation System 4. A National Innovation System? 5. The Specialization of the Danish Innovation System 6. Education, Labour Markets and Capital Markets as Fundamental Components of the Danish Innovation and Competence-building System 7. The Learning Economy 8. The Learning Organization 9. Knowledge Intensity and Knowledge Flows in the Danish Innovation System 10. Inter-firm Collaboration 11. Collaboration between Firms and Knowledge Institutions 12. Qualification Requirements and Organizational Change: New Challenges for Continuing Education and Vocational Training 13. Labour Market Dynamics, Innovation and Organizational Change 14. Lessons to be Learnt Bibliography Index

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Book SynopsisFor this collection, Clive Belfield has selected the most significant recently published articles on the economics of education. Contemporary in the best sense, the articles analyse current concerns, building on what has been established to date and foreshadowing future developments. The articles address important questions, such as the microeconomic outcomes of education, whether education promotes economic growth, and how education systems should be organized in order to meet efficiency and equity goals.The two-volume set provides a single reference source to current research which is influential and important to the development of the economics of education.The editor gives a comprehensive overview of the topics covered in an authoritative new introduction.Table of ContentsContents Volume I Acknowledgements Introduction Clive R. Belfield PART I THE MICROECONOMIC BENEFITS OF EDUCATION A Education and the Productivity of Labor 1. Alan Krueger and Cecilia Rouse (1998), ‘The Effect of Workplace Education on Earnings, Turnover, and Job Performance’ 2. Peter Cappelli (2004), ‘Why do Employers Pay for College?’ 3. Peter Gottschalk and Michael Hansen (2003), ‘Is the Proportion of College Workers in Noncollege Jobs Increasing?’ 4. David Card and John E. DiNardo (2002), ‘Skill-Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles’ 5. Xiaogang Wu and Yu Xie (2003), ‘Does the Market Pay Off? Earnings Returns to Education in Urban China’ 6. Edward J. Bird, Johannes Schwarze and Gert G. Wagner (1994), ‘Wage Effects of the Move toward Free Markets in East Germany’ 7. Ricardo Godoy, Dean S. Karlan, Shanti Rabindran and Tomás Huanca (2005), ‘Do Modern Forms of Human Capital Matter in Primitive Economies? Comparative Evidence from Bolivia’ 8. Sharada Weir and John Knight (2004), ‘Externality Effects of Education: Dynamics of the Adoption and Diffusion of an Innovation in Rural Ethiopia’ B Public and Private Non-market Benefits 9. Lance Lochner and Enrico Moretti (2004), ‘The Effect of Education on Crime: Evidence from Prison Inmates, Arrests, and Self-Reports’ 10. Adriana Lleras-Muney (2005), ‘The Relationship Between Education and Adult Mortality in the United States’ 11. Clara E. Dismuke and F. Michael Kunz Jr. (2004), ‘Disentangling the Effect of Education on Emergency Department Utilization’ 12. Jere R. Behrman, Andrew D. Foster, Mark R. Rosenzweig and Prem Vashishtha (1999), ‘Women’s Schooling, Home Teaching, and Economic Growth’ 13. Kevin Milligan, Enrico Moretti and Philip Oreopoulos (2004), ‘Does Education Improve Citizenship? Evidence from the United States and the United Kingdom’ Name Index Volume II Acknowledgements An introduction by the editor to both volumes appears in Volume I PART II MACROECONOMIC GROWTH AND EDUCATION A Evidence 14. Alan B. Krueger and Mikael Lindahl (2001), ‘Education for Growth: Why and For Whom?’ 15. Jonathan R.W. Temple (2001), ‘Generalizations That Aren't? Evidence on Education and Growth’ 16. Ludger Wössmann (2003), ‘Specifying Human Capital’ B The Accumulation of Human Capital 17. Zhiqiang Liu (2003), ‘The Economic Impact and Determinants of Investment in Human and Political Capital in China’ 18. Suzanne Duryea and Mary Arends-Kuenning (2003), ‘School Attendance, Child Labor and Local Labor Market Fluctuations in Urban Brazil’ 19. Martin Ravallion and Quentin Wodon (2000), ‘Does Child Labour Displace Schooling? Evidence on Behavioural Responses to an Enrollment Subsidy’ 20. Michel Beine, Frédéric Docquier and Hillel Rapoport (2001), ‘Brain Drain and Economic Growth: Theory and Evidence’ C Education and Social Change 21. Enrico Moretti (2004), ‘Estimating the Social Return to Higher Education: Evidence from Longitudinal and Repeated Cross-Sectional Data’ 22. Thorvaldur Gylfason (2001), ‘Natural Resources, Education, and Economic Development’ 23. Mark Gradstein and Moshe Justman (2000), ‘Human Capital, Social Capital, and Public Schooling’ PART III THE ORGANIZATION AND EFFICIENCY OF EDUCATION SYSTEMS A Organization of the School System 24. Eric A. Hanushek, John F. Kain and Steven G. Rivkin (2004), ‘Disruption versus Tiebout Improvement: The Costs and Benefits of Switching Schools’ 25. J.S. Ferris and E.G. West (2004), ‘Economies of Scale, School Violence and the Optimal Size of Schools’ 26. Alejandro Gaviria and Steven Raphael (2001), ‘School-Based Peer Effects and Juvenile Behavior’ B Economic Evaluations of Educational Programs, Technologies and Investments 27. Arthur J. Reynolds, Judy A. Temple, Dylan L. Robertson and Emily A. Mann (2002), ‘Age 21 Cost–Benefit Analysis of the Title I Chicago Child-Parent Centers’ 28. T. Paul Schultz (2004), ‘School Subsidies for the Poor: Evaluating the Mexican Progresa Poverty Program’ 29. Julian R. Betts and Jeff Grogger (2003), ‘The Impact of Grading Standards on Student Achievement, Educational Attainment, and Entry-Level Earnings’ 30. Esther Duflo (2004), ‘The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesia’ C The Political Economy of Education 31. Robert Dur, Coen Teulings and Thijs van Rens (2004), ‘Should Higher Education Subsidies Depend on Parental Income?’ 32. Thomas A. Husted and Lawrence W. Kenny (2002), ‘The Legacy of Serrano: The Impact of Mandated Equal Spending on Private School Enrollment’ 33. Ross Rubenstein and Benjamin Scafidi (2002), ‘Who Pays and Who Benefits? Examining the Distributional Consequences of the Georgia Lottery for Education’ 34. Charles T. Clotfelter, Helen F. Ladd, Jacob L. Vigdor and Roger Aliaga Diaz (2004), ‘Do School Accountability Systems Make it More Difficult for Low-Performing Schools to Attract and Retain High-Quality Teachers?’ 35. Melissa Binder and Christopher Woodruff (2002), ‘Inequality and Intergenerational Mobility in Schooling: The Case of Mexico’ 36. Jo Blanden and Stephen Machin (2004), ‘Educational Inequality and the Expansion of UK Higher Education’ Name Index

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Book SynopsisTransport continues to present considerable challenges for both policymakers and economists throughout the world. This book provides a rigorous analytical approach to transport economics and transport policy, showing how economic principles can be applied to problems and practical solutions derived. As well as providing detailed coverage on the conventional topics of demand, costs, market structure, externalities, investment appraisal and regulation, the book also examines the wider role of transport in the economy as a whole. In addition, the authors address the important link between transport and issues of location, urban and regional development, and economic growth. Throughout the book there are frequent references to policy issues at both the national and EU level, complemented by a comprehensive discussion on the different ways in which policy has evolved in various European countries. The concluding chapter draws together some of the problems encountered in moving from the theories and models developed in the book to the actual implementation of specific policy measures. The authors believe that only policies based on a thorough understanding of the economics of transport can help solve some of the pressing problems facing governments across Europe.This unique book addresses a wide range of issues and makes use of cutting-edge data to provide a set of universal tools to analyse and inform policy at all levels. It assumes only a basic knowledge of economics and will be essential reading for students at advanced undergraduate and postgraduate level following courses on transport economics, regional science, urban studies and geography. It will also prove a valuable source of reference for policymakers involved in the provision and regulation of transport and researchers interested in transport planning and policy.Trade Review‘Principles of Transport Economics succeeds in providing a rigorous treatment of transport economics. It shows how economic theory can be applied to the transport sector and provides a set of tools to analyse and inform policy. Throughout the text there is a good balance between theoretical material, empirical evidence and policy which makes it particularly stimulating. The book offers a wealth of information. Principles of Transport Economics should also prove useful as an excellent course text for advanced students.' -- Adelheid Holl, The Economic Journal'Principles of Transport Economics is a very welcome contribution to the texts in this field. As the authors point out in their introduction, it certainly fills a gap in the literature currently available. . . It is very well written and organized. I recommend it to any student or researcher interested in a good solid technical exposition of the key principles of transport economics.' -- Aisling Reynoods-Feighan, Journal of Regional Science'This is an excellent and satisfying new text book on transport economics. . . The book's coverage is very extensive, and it is hard to think of any significant area related to transport economics which is not dealt with. . . this is the best standard transport economics text available at this level.' -- Eamonn Judge, Economic Issues'Principles of Transport Economics is a topical, comprehensive and highly informative book, not just on principles, as the title announces, but also the facts and figures, the empirical evidence and the policy issues of the economics of transport. It closes a gap. There are few textbooks on transport economics on the market, and definitely none offering such a fruitful connection between the rigorous theoretical argument, results from empirical research and the current policy debate.' -- Johannes Brocker, Journal of Economic GeographyTable of ContentsContents: Preface Part I: Transport in the Economy 1. Transport and Economic Activity 2. Transport and Location 3. Transport and the Urban Economy Part II: Demand and Costs 4. The Demand for Transport 5. The Costs of Transport Part III: The Organisation of Supply 6. The Nature of Markets and Public Intervention 7. Optimal Public Decisions 8. Forms and Effects of Competition between Operators 9. Monopoly and Public Service in Transport 10. From Economics to Transport Policy References Index

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Book SynopsisThis book breaks new ground by exploring governance strategies that the EU has been developing over the last decade for the growing electronic economy driven by the Internet. Through an analysis of key EU policy initiatives, the authors provide an explanation of both the form and mechanics of emergent governance arrangements within the European e-economy. Drawing on data gathered through interviews with key national and EU level policymakers, the volume applies theoretical insights from academic work on the 'regulatory' and 'post-regulatory' state to situate and explain the EU's role as an international regional actor in a new area of economic activity with important national and global dimensions.The New Electronic Marketplace will be important reading for academics, students and policymakers interested in the politics of new electronic communications regulation, communications policy, EU governance and international political economy. The book will interest the Internet 'policy community', including officials at national and EU level, those working in national regulatory authorities, and Internet, telecoms and other ICT professionals in the private sector.Table of ContentsContents: 1. Understanding the Governance of the Internet Economy 2. Internet Governance: A Historical Context 3. The European Union and the Governance of the Communications Sector 4. The Dot EU Top Level Domain 5. The EU and Internet Commerce Regulation 6. The Directive on E-Commerce and the National Dimension 7. The Global Governance of the Electronic Network Economy and the EU 8. Conclusion: The EU and the Evolving Electronic Marketplace References Index

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Book SynopsisEconomists have studied numerous fields of law for many years, but family law was virtually neglected until the early 1970s. It was only relatively recently that economic insights about the family crept into the consciousness of those involved in legal research.The articles within this book explore a range of family law issues and include discussions on a variety of topics including cohabitation, births outside marriage, courtship, premarital contracting, marriage and parenting. The volume includes papers on the division of responsibilities between family and state, the effects of no-fault divorce, alimony, property division and child custody. There are also works on intergenerational transfers and the elderly.The collection contains articles written by leading authorities in the field and provides a stimulating exploration of the subject of family law and economics. The book will be accessible to a wide audience, including students of law and economics, as well as both academic and practising lawyers. The questions posed in this volume are worthy of consideration by the next generation of academics.Trade Review‘Economics of Family Law, edited by Margaret Brinig is an indispensable source of legal information on every aspect of unions, but it is particularly important for the point of divorce.' -- Darius Conger, 'Economics and the American Family: A Review of Recent Literature', ChoiceTable of ContentsContents: Volume I Acknowledgements Introduction Margaret F. Brinig PART I BEFORE MARRIAGE AND PARENTHOOD A Outside Family Institutions 1. George A. Akerlof, Janet L. Yellin and Michael L. Katz (1996), ‘An Analysis of Out-of-Wedlock Childbearing in the United Sates’ 2. Elisabeth M. Landes and Richard A. Posner (1978), ‘The Economics of the Baby Shortage’ 3. Margaret F. Brinig (1990), ‘Rings and Promises’ 4. Margaret F. Brinig and Steven L. Nock (2004), ‘Marry Me, Bill: Should Cohabitation be the (Legal) Default Option?’ 5. Stéphane Mechoulan (2006), ‘Divorce Laws and the Structure of the American Family’ B Choice of Spouse and Premarital Bargaining 6. Margaret F. Brinig and Michael V. Alexeev (1995), ‘Fraud in Courtship: Annulment and Divorce’ 7. Douglas W. Allen (1992), ‘What Does She See in Him? The Effect of Sharing on the Choice of Spouse’ 8. Amy L. Wax (1997), ‘Bargaining in the Shadow of the Market: Is There a Future for Egalitarian Marriage?’ PART II PARENTING AND BEING MARRIED A Family and State 9. Gary S. Becker and Kevin M. Murphy (1988), ‘The Family and The State’ 10. Elizabeth S. Scott and Robert E. Scott (1995), ‘Parents as Fiduciaries’ 11. Jennifer Roback Morse (1995), The Development of the Child, Prepared for the Liberty Fund Symposium: The Family, the Person and the State B The Family Firm 12. Steven L. Nock and Margaret F. Brinig (2002), ‘Weak Men and Disorderly Women: Divorce and the Division of Labor’ 13. Brian H. Bix (2001), ‘How to Plot Love on an Indifference Curve’ 14. Saul Levmore (1995), ‘Love It or Leave It: Property Rules, Liability Rules, and Exclusivity of Remedies in Partnership and Marriage’ C The Unhappy Family 15. Shelly Lundberg and Robert A. Pollak (1993), ‘Separate Spheres Bargaining and the Marriage Market’ 16. Allen M. Parkman (1998), ‘Why are Married Women Working So Hard?’ Name Index Volume II Acknowledgements An introduction by the editor to both volumes appears in Volume I PART I DIVORCE AND THE DIVORCE PROCESS A When and Why People Divorce 1. Gary S. Becker, Elisabeth M. Landes and Robert T. Michael (1977), ‘An Economic Analysis of Marital Instability’ 2. Lloyd Cohen (1987), ‘Marriage, Divorce and Quasi-Rents; Or “I Gave Him the Best Years of My Life”’ 3. H. Elizabeth Peters (1986), ‘Marriage and Divorce: Informational Constraints and Private Contracting’ 4. Douglas W. Allen (1992), ‘Marriage and Divorce: Comment’ 5. Leora Friedberg (1998), ‘Did Unilateral Divorce Raise Divorce Rates? Evidence From Panel Data’ B The Role of Law and the Divorce Process 6. Margaret F. Brinig and Douglas W. Allen (2000), ‘“These Boots are Made for Walking”: Why Most Divorce Filers Are Women’ 7. Yoram Weiss and Robert J. Willis (1993), ‘Transfers Among Divorced Couples: Evidence and Interpretation’ 8. Yoram Weiss and Robert J. Willis (1985), ‘Children as Collective Goods in Divorce Settlements’ 9. Allen M. Parkman (1995), ‘Human Capital as Property in Celebrity Divorces’ 10. Elisabeth M. Landes (1978), ‘Economics of Alimony’ PART II INTERGENERATIONAL FAMILIES 11. John H. Langbein (1988), ‘The Twentieth-Century Revolution in Family Wealth Transmission’ 12. James M. Buchanan (1983), ‘Rent Seeking, Noncompensated Transfers, and Laws of Succession’ 13. Margaret F. Brinig, Gerald Jogerst, Jeanette Daly, Gretchen Schmuch and Jeffrey Dawson (2004), ‘The Public Choice of Elder Abuse Law’ Name Index

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Book SynopsisThis book argues that the viability of many observed market and non-market interventions in agricultural products worldwide depends considerably on the underlying behaviour of the relevant commodity markets. Many of these policies have had distortive impacts, resulting in much discussion and controversy in the context of the World Trade Organization (WTO) Doha Round of trade negotiations. Despite the long history of studies of commodity market behaviour, a number of issues remain unresolved. The authors review a wide range of these issues and provide a survey of current methodological and empirical research to increase our understanding of the nature of commodity markets. Price behaviour and the reliability of different prediction methods are examined and the particular implications for commodity dependent developing countries are also highlighted. This state-of-the-art survey of agricultural commodity market behaviour will prove to be of immense interest to researchers, students and academics in the fields of agricultural market analysis, development studies and economics. The book will also strongly appeal to policymakers in both agricultural trading countries and international agencies and to private commodity market analysts.Table of ContentsContents: Foreword Hartwig de Haen Introduction David Hallam and Alexander Sarris 1. Properties of International Commodity Prices: Identifying Trends, Cycles and Shocks Paul Cashin and C. John McDermott 2. Trends and Volatility in Agricultural Commodity Prices Christopher L. Gilbert 3. Forecasting Commodity Prices: Futures versus Judgement Chakriya Bowman and Aasim M. Husain 4. Is the Storage Model a ‘Closed’ Empirical Issue? The Empirical Ability of the Storage Model to Explain Price Dynamics Carlo Cafiero and Brian D. Wright 5. Theoretical Advances in the Modeling of Storage and Speculation Eugenio Bobenrieth, Juan Bobenrieth and Brian D. Wright 6. Imperfect Competition and International Agricultural Commodity Markets Steve McCorriston 7. Spatial Integration and Price Transmission in Agricultural Commodity Markets in Sub-Saharan Africa Awudu Abdulai 8. Market Integration and Price Transmission in Selected Food and Cash Crop Markets of Developing Countries: Review and Applications George Rapsomanikis, David Hallam and Piero Conforti 9. Measuring the Efficiency of Food Markets: The Case of Nicaragua Donald F. Larson 10. Do Cotton Prices Follow Polyester Prices? John Baffes and Gaston Gohou 11. Weather and Index-based Insurance for Developing Countries: Experience and Possibilities Jerry R. Skees, Jason Hartell and Jianqiang Hao 12. Approaches to Managing Coffee Price Risks Panos Varangis and Bryan Lewin 13. The Use of Futures and Options to Insure Wheat Import Price Risks by Low-Income Food Deficit Countries Alexander Sarris, Piero Conforti and Adam Prakash 14. How Can Agricultural Commodity Producers Appropriate a Greater Share of Value Chain Incomes? Raphael Kaplinsky 15. Commodities, Diversification and Poverty Reduction John Humphrey 16. Assessing the Impact of WTO Reforms on World Agricultural Markets: A New Approach Thomas W. Hertel and Roman Keeney 17. Conclusions Alexander Sarris and David Hallam Index

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Book SynopsisThis authoritative collection brings together a careful selection of previously published articles that use economics to analyze the interaction of law, on the one hand, and social norms and nonlegal sanctions on the other. The articles cover a range of foundational questions. What are social norms and nonlegal sanctions? Do strong laws undermine social norms, thus weakening other valuable forms of social cooperation? Can laws be used to exploit existing social norms, so that the laws are more effective than they would be otherwise? The contributing authors use a variety of economic models and concepts to address these questions.Table of ContentsContents: Acknowledgements Introduction Eric A. Posner PART I GENERAL THEORIES 1. Robert Cooter (1997), ‘Normative Failure Theory of Law’ 2. Robert C. Ellickson (1986), ‘Of Coase and Cattle: Dispute Resolution Among Neighbors in Shasta County’ 3. Richard H. McAdams (1997), ‘The Origin, Development, and Regulation of Norms’ 4. Randal C. Picker (1997), ‘Simple Games in a Complex World: A Generative Approach to the Adoption of Norms’ 5. Eric A. Posner (1998), ‘Symbols, Signals, and Social Norms in Politics and the Law’ PART II NORMS AND EFFICIENCY 6. Paul G. Mahoney and Chris W. Sanchirico (2001), ‘Competing Norms and Social Evolution: Is the Fittest Norm Efficient?’ 7. Eric A. Posner (1996), ‘Law, Economics, and Inefficient Norms’ PART III BUSINESS CUSTOM 8. Lisa Bernstein (1992), ‘Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry’ 9. Richard A. Epstein (1992), ‘The Path to The T.J. Hooper: The Theory and History of Custom in the Law of Tort’ PART IV APPLICATIONS 10. George A. Akerlof (1980), ‘A Theory of Social Custom, of Which Unemployment May Be One Consequence’ 11. Robert Cooter and Ariel Porat (2001), ‘Should Courts Deduct Nonlegal Sanctions From Damages?’ 12. Dan M. Kahan and Eric A. Posner (1999), ‘Shaming White-collar Criminals: A Proposal for Reform of the Federal Sentencing Guidelines’ 13. Gertrud M. Fremling and Richard A. Posner (1999), ‘Status Signaling and the Law, With Particular Application to Sexual Harassment’ PART V EMPIRICAL AND HISTORICAL WORK 14. Uri Gneezy and Aldo Rustichini (2000), ‘A Fine is a Price’ 15. Avner Greif, Paul Milgrom and Barry R. Weingast (1994), ‘Coordination, Commitment, and Enforcement: The Case of the Merchant Guild’ 16. Paul R. Milgrom, Douglass C. North and Barry R. Weingast (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’ Name Index

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Book SynopsisThis insightful two-volume set presents a careful selection of the most important published papers on the economics of antitrust law. The collection focuses on areas of major importance including market power, horizontal arrangements, and vertical arrangements and exclusionary behaviour. It includes seminal papers on topics such as oligopoly and collusion, horizontal mergers and joint ventures, exclusive dealing and tying and bundling. The Economics of Antitrust Law will be an essential source of reference for economists, lawyers and practitioners concerned with this important and controversial area of law and economics.Trade Review‘Antitrust law and policy now use economic analysis as the guiding star. This collection contains the seminal articles that influenced the shift to reliance on economics, as well more recent articles that are likely to influence antitrust’s future. Moreover, Klein and Lerner have written a highly useful introduction to guide the reader through the major developments of the last 30 years.’Table of ContentsContents: Volume I Acknowledgements Introduction The Role of Economics in the Development of Antitrust Law Benjamin Klein and Andres V. Lerner PART I MARKET POWER 1. Harold Demsetz (1973), ‘Industry Structure, Market Rivalry, and Public Policy’ 2. William M. Landes and Richard A. Posner (1981), ‘Market Power in Antitrust Cases’ 3. Franklin M. Fisher and John J. McGowan (1983), ‘On the Misuse of Accounting Rates of Return to Infer Monopoly Profits’ 4. Thomas G. Krattenmaker, Robert H. Lande and Steven C. Salop (1987), ‘Monopoly Power and Market Power in Antitrust Law’ 5. Jonathan B. Baker and Timothy F. Bresnahan (1992), ‘Empirical Methods of Identifying and Measuring Market Power’ 6. Benjamin Klein (1993), ‘Market Power in Antitrust: Economic Analysis after Kodak’ PART II HORIZONTAL ARRANGEMENTS A Oligopoly and Collusion 7. George J. Stigler (1964), ‘A Theory of Oligopoly’ 8. Donald F. Turner (1962), ‘The Definition of Agreement under the Sherman Act: Conscious Parallelism and Refusals to Deal’ 9. Richard A. Posner (1969), ‘Oligopoly and the Antitrust Laws: A Suggested Approach’ 10. Franklin M. Fisher (1989), ‘Games Economists Play: A Noncooperative View’ 11. Jonathan B. Baker (1993), ‘Two Sherman Act Section 1 Dilemmas: Parallel Pricing, the Oligopoly Problem, and Contemporary Economic Theory’ B Horizontal Mergers and Joint Ventures 12. Oliver E. Williamson (1968), ‘Economies as an Antitrust Defense: The Welfare Tradeoffs’ 13. Janusz Ordover and Robert D. Willig (1983), ‘The 1982 Department of Justice Merger Guidelines: An Economic Assessment’ 14. Joseph Farrell and Carl Shapiro (1990), ‘Horizontal Mergers: An Equilibrium Analysis’ 15. Jonathan B. Baker (2002), ‘Mavericks, Mergers, and Exclusion: Proving Coordinated Competitive Effects Under the Antitrust Laws’ 16. Thomas M. Jorde and David J. Teece (1990), ‘Innovation and Cooperation: Implications for Competition and Antitrust’ 17. Carl Shapiro and Robert D. Willig (1990), ‘On the Antitrust Treatment of Production Joint Ventures’ Name Index Volume II Acknowledgements Introduction The Role of Economics in the Development of Antitrust Law Benjamin Klein and Andres V. Lerner PART I VERTICAL ARRANGEMENTS 1. Aaron Director and Edward H. Levi (1956), ‘Law and the Future: Trade Regulation’ 2. Frank H. Easterbrook (1984), ‘The Limits of Antitrust’ A Tying and Bundling 3. Ward S. Bowman, Jr. (1957), ‘Tying Arrangements and the Leverage Problem’ 4. George J. Stigler (1963), ‘United States v. Loew’s Inc.: A Note of Block-Booking’ 5. William James Adams and Janet L. Yellen (1976), ‘Commodity Bundling and the Burden of Monopoly’ 6. Benjamin Klein and Lester F. Saft (1985), ‘The Law and Economics of Franchise Tying Contracts’ 7. Michael D. Whinston (1990), ‘Tying, Foreclosure, and Exclusion’ 8. Dennis W. Carlton and Michael Waldman (2002), ‘The Strategic Use of Tying to Preserve and Create Market Power in Evolving Industries’ 9. Barry Nalebuff (2004), ‘Bundling as an Entry Barrier’ B Resale Price Maintenance and Exclusive Territories 10. Lester G. Telser (1960), ‘Why Should Manufacturers Want Fair Trade?’ 11. Benjamin Klein and Kevin M. Murphy (1988), ‘Vertical Restraints as Contract Enforcement Mechanisms’ 12. Pauline M. Ippolito (1991), ‘Resale Price Maintenance: Empirical Evidence From Litigation’ C Exclusive Dealing 13. Howard P. Marvel (1982), ‘Exclusive Dealing’ 14. Philippe Aghion and Patrick Bolton (1987), ‘Contracts as a Barrier to Entry’ 15. Eric Rasmusen, J. Mark Ramseyer and John S. Wiley, Jr. (1991), ‘Naked Exclusion’ 16. Benjamin Klein and Andres Lerner (2007), ‘The Expanded Economics of Free-Riding: How Exclusive Dealing Prevents Free-Riding and Creates Undivided Loyalty’ PART II UNILATERAL EXCLUSIONARY BEHAVIOR A Predatory Pricing 17. John S. McGee (1958), ‘Predatory Price Cutting: The Standard Oil (N.J.) Case’ 18. Phillip Areeda and Donald F. Turner (1975), ‘Predatory Pricing and Related Practices under Section 2 of the Sherman Act’ 19. Janusz A. Ordover and Robert D. Willig (1981), ‘An Economic Definition of Predation: Pricing and Product Innovation’ B Raising Rivals’ Costs 20. Thomas G. Krattenmaker and Steven C. Salop (1986), ‘Anticompetitive Exclusion: Raising Rivals’ Costs to Achieve Power Over Price’ 21. Elizabeth Granitz and Benjamin Klein (1996), ‘Monopolization by “Raising Rivals’ Costs”: The Standard Oil Case’ Name Index

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Book SynopsisWith both transition dynamics and the EU integration process having shifted to the south-east of Europe, a region fairly marginalized in the literature, this book fills a gap by taking stock of where South-East Europe's economies and institutions stood in 2004. The authors evaluate the potential for investment and growth within the South-East European region, including the role of trade and FDI, and discuss the challenges associated with unemployment, poverty and 'brain drain'. The book also provides insights into the particular monetary and exchange rate policies applied, including cases of 'euroization', and finally makes an assessment, against this background, of the European perspective of the countries of South-East Europe. European Economic Integration and South-East Europe offers a unique collection of contributions, combining authoritative views from central bank officials and policymakers, topical empirical evidence from academia and refreshing practical insights from companies doing business in the area. It will be of great interest to economists as well as those generally interested in the future of the EU, the design of the enlargement process and the challenges of reform on the road to a stronger Europe.Table of ContentsContents: Preface Part I: South-East Europe: Where Do Institutions and the Economy Stand? Part II: The Case of Dollarization and Euroization Part III: Monetary and Exchange Rate Policies: Circumstances and Choice in South-East Europe Part IV: FDI and Trade as Pivotal Elements for Catching Up and Competitiveness Part V: Confronting Serious Challenges: High Unemployment, Poverty, Brain Drain Part VI: Banking in South-East Europe and the Leading Role of Austrian Banks Index

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Book SynopsisThe use of experimental approaches in economics is growing at a remarkable rate and the technique is increasingly recognised as an important research tool with wide-ranging applications. Set against the rapid pace and wide scope of experimental research, this two-volume work provides a valuable overview of advances in key research areas over the last decade. The coverage ranges from new work in traditional areas of application (choice, markets and games) to innovative applications of experiments at the interface of economics and neuroscience. The editors, both internationally renowned for their research in experimental economics, have drawn together a fascinating collection which provides broad insight into a field which is reshaping conventional understandings of what economics is, and how economies work. The collection will provide a valuable reference of interest to new students of experimental economics and to postgraduates and professional economists seeking to broaden and deepen their knowledge of new developments.Trade Review'Experimental and behavioral economics have greatly enriched how people do and should think about economic phenomena. This book provides a wonderful up-to-date collection of many of the best papers in these fields. They are a "must read" for all who take economics seriously. Read and enjoy!' -- Robin Hogarth, Universitat Pompeu Fabra, Spain'These leading scholars have put together a provocative and broad set of readings that will take the reader to the frontier of this discipline.' -- John List, University of Chicago, NBER and RFF, USTable of ContentsContents: Volume I Acknowledgements Foreword John D. Hey Introduction Enrica Carbone and Chris Starmer PART I INDIVIDUAL BEHAVIOUR A Endowments and Experience 1. Charles R. Plott and Kathryn Zeiller (2005), ‘The Willingness to Pay-Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations’ 2. John A. List (2003), ‘Does Market Experience Eliminate Market Anomalies?’ 3. Jack L. Knetsch, Fang-Fang Tang and Richard H. Thaler (2001), ‘The Endowment Effect and Repeated Market Trials: Is the Vickrey Auction Demand Revealing?’ 4. Graham Loomes, Chris Starmer and Robert Sugden (2003), ‘Do Anomalies Disappear in Repeated Markets?’ B Dynamic Aspects of Choice 5. Robin P. Cubitt, Chris Starmer and Robert Sugden (1998), ‘Dynamic Choice and the Common Ratio Effect: An Experimental Investigation’ 6. Daniel Read (2001), ‘Is Time Discounting Hyperbolic or Subadditive?’ 7. Glenn W. Harrison, Morten I. Lau and Melonie B. Williams (2002), ‘Estimating Individual Discount Rates in Denmark: A Field Experiment’ 8. Enrica Carbone and John D. Hey (2004), ‘The Effect of Unemployment on Consumption: An Experimental Analysis’ 9. T. Parker Ballinger, Michael G. Palumbo and Nathaniel T. Wilcox (2003), ‘Precautionary Saving and Social Learning Across Generations: An Experiment’ PART II GAMES A Cognition and Learning 10. Ido Erev and Alvin E. Roth (1998), ‘Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria’ 11. Colin Camerer and Teck-Hua Ho (1999), ‘Experience-Weighted Attraction Learning in Normal Form Games’ 12. Miguel Costa-Gomes, Vincent P. Crawford and Bruno Broseta (2001), ‘Cognition and Behavior in Normal-Form Games: An Experimental Study’ 13. Antoni Bosch-Domènech, José G. Montalvo, Rosemarie Nagel and Albert Satorra (2002), ‘One, Two, (Three), Infinity,…: Newspaper and Lab Beauty-Contest Experiments’ 14. Ken Binmore, John McCarthy, Giovanni Ponti, Larry Samuelson and Avner Shaked (2002), ‘A Backward Induction Experiment’ B Other Regarding Preferences 15. James Andreoni and John Miller (2002), ‘Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism’ 16. Joseph Henrich, Robert Boyd, Samuel Bowles, Colin Camerer, Ernst Fehr, Herbert Gintis and Richard McElreath (2001), ‘In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies’ 17. Armin Falk, Ernst Fehr and Urs Fischbacher (2003), ‘On the Nature of Fair Behavior’ 18. Kenneth Clark and Martin Sefton (2001), ‘The Sequential Prisoner’s Dilemma: Evidence on Reciprocation’ 19. Klaus Abbink, Bernd Irlenbusch and Elke Renner (2000), ‘The Moonlighting Game: An Experimental Study on Reciprocity and Retribution’ 20. Ernst Fehr and Simon Gächter (2000), ‘Cooperation and Punishment in Public Goods Experiments’ PART III MARKETS A Bubbles, Herds and Cascades 21. Vivian Lei, Charles N. Noussair and Charles R. Plott (2001), ‘Nonspeculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality vs. Actual Irrationality’ 22. Markus Nöth and Martin Weber (2003), ‘Information Aggregation with Random Ordering: Cascades and Overconfidence’ 23. Boğaçhan Çelen and Shachar Kariv (2004), ‘Distinguishing Informational Cascades from Herd Behavior in the Laboratory’ 24. Dorothea Kübler and Georg Weizsäcker (2004), ‘Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory’ B Auctions 25. John H. Kagel and Dan Levin (2001), ‘Behavior in Multi-Unit Demand Auctions: Experiments with Uniform Price and Dynamic Vickrey Auctions’ 26. Ken Binmore and Paul Klemperer (2002), ‘The Biggest Auction Ever: The Sale of the British 3G Telecom Licences’ 27. Klaus Abbink, Bernd Irlenbusch, Paul Pezanis-Christou, Bettina Rockenbach, Abdolkarim Sadrieh and Reinhard Selten (2005), ‘An Experimental Test of Design Alternatives for the British 3G/UMTS Auction’ 28. Alvin E. Roth and Axel Ockenfels (2002), ‘Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet’ 29. Dan Ariely, Axel Ockenfels and Alvin E. Roth (2005), ‘An Experimental Analysis of Ending Rules in Internet Auctions’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I METHODOLOGY A Philosophical Perspectives 1. Vernon L. Smith (2002), ‘Method in Experiment: Rhetoric and Reality’ 2. Francesco Guala (1998), ‘Experiments as Mediators in the Non-Laboratory Sciences’ 3. Francesco Guala (1999), ‘The Problem of External Validity (Or “Parallelism”) in Experimental Economics’ 4. Robin Cubitt (2005), ‘Experiments and the Domain of Economic Theory’ 5. Robert Sugden (2005), ‘Experiments as Exhibits and Experiments as Tests’ B Incentives 6. Colin F. Camerer and Robin M. Hogarth (1999), ‘The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework’ 7. Daniel Read (2005), ‘Monetary Incentives, What Are They Good For?’ 8. Charles A. Holt and Susan K. Laury (2002), ‘Risk Aversion and Incentive Effects’ 9. Rafael Tenorio and Timothy N. Cason (2002), ‘To Spin or Not to Spin? Natural and Laboratory Experiments from The Price is Right’ 10. Steven J. Kachelmeier and Kristy L. Towry (2005), ‘The Limitations of Experimental Design: A Case Study Involving Monetary Incentive Effects in Laboratory Markets’ PART II NEUROECONOMICS 11. Colin Camerer, George Loewenstein and Drazen Prelec (2005), ‘Neuroeconomics: How Neuroscience Can Inform Economics’ 12. Hans C. Breiter, Itzhak Aharon, Daniel Kahneman, Anders Dale and Peter Shizgal (2001), ‘Functional Imaging of Neural Responses to Expectancy and Experience of Monetary Gains and Losses’ 13. Kip Smith, John Dickhaut, Kevin McCabe and José V. Pardo (2002), ‘Neuronal Substrates for Choice Under Ambiguity, Risk, Gains, and Losses’ 14. Ming Hsu, Meghana Bhatt, Ralph Adolphs, Daniel Tranel and Colin F. Camerer (2005), ‘Neural Systems Responding to Degrees of Uncertainty in Human Decision-Making’ 15. Samuel M. McClure, David I. Laibson, George Loewenstein and Jonathan D. Cohen (2004), ‘Separate Neural Systems Value Immediate and Delayed Monetary Rewards’ 16. Kevin McCabe, Daniel Houser, Lee Ryan, Vernon Smith and Theodore Trouard (2001), ‘A Functional Imaging Study of Cooperation in Two-Person Reciprocal Exchange’ 17. Alan G. Sanfey, James K. Rilling, Jessica A. Aronson, Leigh E. Nystrom and Jonathan D. Cohen (2003), ‘The Neural Basis of Economic Decision-Making in the Ultimatum Game’ PART III MACROECONOMICS 18. Peng Lian and Charles R. Plott (1998), ‘General Equilibrium, Markets, Macroeconomics and Money in a Laboratory Experimental Environment’ 19. Arno Riedl and Frans van Winden (2001), ‘Does the Wage Tax System Cause Budget Deficits? A Macro-Economic Experiment’ 20. John Duffy and Jack Ochs (1999), ‘Emergence of Money as a Medium of Exchange: An Experimental Study’ 21. Gabriele Camera, Charles Noussair and Steven Tucker (2003), ‘Rate-of-Return Dominance and Efficiency in an Experimental Economy’ 22. Ernst Fehr and Jean-Robert Tyran (2001), ‘Does Money Illusion Matter?’ 23. Vivian Lei and Charles N. Noussair (2002), ‘An Experimental Test of an Optimal Growth Model’ PART IV FIELD EXPERIMENTS 24. Glenn W. Harrison and John A. List (2004), ‘Field Experiments’ 25. Michael S. Haigh and John A. List (2005), ‘Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis’ 26. Werner Güth, Carsten Schmidt and Matthias Sutter (2003), ‘Fairness in the Mail and Opportunism in the Internet: A Newspaper Experiment on Ultimatum Bargaining’ 27. Bruno S. Frey and Stephan Meier (2004), ‘Social Comparisons and Pro-social Behavior: Testing “Conditional Cooperation” in a Field Experiment’ 28. Adriaan R. Soetevent (2005), ‘Anonymity in Giving in a Natural Context – A Field Experiment in 30 Churches’ 29. Richard H. Thaler and Shlomo Benartzi (2004), ‘Save More Tomorrow™: Using Behavioral Economics to Increase Employee Saving’ 30. Uri Gneezy and Aldo Rustichini (2004), ‘Gender and Competition at a Young Age’ 31. John A. List (2004), ‘The Nature and Extent of Discrimination in the Marketplace: Evidence from the Field’ Name Index

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Book SynopsisThis insightful and authoritative two-volume set examines the major issues and theories concerning federal political systems. The book covers the two main branches in the economics literature.The first branch, on competitive federalism focuses on the horizontal structure of federalism, as well as examining the jurisdictional competition between state and governments for mobile individuals and resources. The second branch focuses on fiscal federalism and examines the vertical structure of federalism, or the division of public services and taxing power between central and state governments.This comprehensive set also examines applications of the economic analysis of federalism in specific areas of the law, including: corporate law; antitrust law; environmental law; choice of law rules; contractual choice of law and public choice theory. It will be of interest to economic and legal scholars alike.Trade Review'A terrific collection of canonical federalism articles, along with a characteristically clear-headed Introduction by the editors. The volume will be very helpful to legal scholars, economists, and political scientists who teach courses on the increasingly dominant economic theories of federalism.' -- Michael S. Greve, American Enterprise Institute, US'The two Kobayashi-Ribstein volumes on economics of federalism contain a nicely structured collection of key papers that provide both needed background and illuminating applications of economic analysis to the basic legal issues that arise in a setting of multi-level government.' -- Wallace E. Oates, University of Maryland, College Park, USTable of ContentsContents: Volume I Acknowledgements Introduction Bruce H. Kobayashi and Larry E. Ribstein PART I BASICS A Multiple Jurisdictions Are a Solution to the Public Good Problem 1. Charles M. Tiebout (1956), ‘A Pure Theory of Local Expenditures’ B Exit and Federalism 2. Richard A. Epstein (1992), ‘Exit Rights Under Federalism’ C Optimal Jurisdiction Size 3. Gordon Tullock (1969), ‘Federalism: Problems of Scale’ D Twin Dilemmas of Federalism: Free Riding, Spillovers, and Agency Costs 4. William H. Riker (1964), ‘The Origin and Purposes of Federalism’ and ‘The Maintenance of Federalism: The Administrative Theory’ E Conditions for Federalism 5. Edmund W. Kitch (1980), ‘Regulation and the American Common Market’ F Public Choice and Federalism 6. Jonathan R. Macey (1990), ‘Federal Deference to Local Regulators and the Economic Theory of Regulation: Toward a Public-Choice Explanation of Federalism’ PART II FISCAL FEDERALISM AND THE OPTIMAL STRUCTURE OF THE PUBLIC SECTOR A Tests of the Tiebout Model 7. Edward M. Gramlich and Daniel L. Rubinfeld (1982), ‘Micro Estimates of Public Spending Demand Functions and Tests of the Tiebout and Median-Voter Hypotheses’ 8. Paul W. Rhode and Koleman S. Strumpf (2003), ‘Assessing the Importance of Tiebout Sorting: Local Heterogeneity from 1850 to 1990’ B Does Structure Matter? 9. Susan Rose-Ackerman (1981), ‘Does Federalism Matter? Political Choice in a Federal Republic’ 10. Dennis Epple and Alan Zelentiz (1981), ‘The Implications of Competition Among Jurisdictions: Does Tiebout Need Politics?’ C Vertical and Horizontal Competition 11. Albert Breton (1996), ‘A Retrospective Overview’ and ‘The Organization of Governmental Systems’ D Federalism, Development, and Self-Enforcing Federalism 12. Barry R. Weingast (1995), ‘The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development’ E Cooperative Federalism 13. Robert P. Inman and Daniel L. Rubinfeld (1997), ‘Rethinking Federalism’ F Optimal Taxation and Fiscal Instruments and Intergovernmental Grants 14. Robert P. Inman and Daniel L. Rubinfeld (1996), ‘Designing Tax Policy in Federalist Economies: An Overview’ G Leviathan and the Size of Government 15. Geoffrey Brennan and James M. Buchanan (1980), ‘Open Economy, Federalism, and Taxing Authority’ 16. Jonathan Rodden (2003), ‘Reviving Leviathan: Fiscal Federalism and the Growth of Government’ H Distribution 17. John Donahue (1997), ‘Tiebout? Or Not Tiebout? The Market Metaphor and America’s Devolution Debate’ 18. Dennis Epple and Thomas Romer (1991), ‘Mobility and Redistribution’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I LAW A Commerce Clause 1. Saul Levmore (1983), ‘Interstate Exploitation and Judicial Intervention’ B Uniform State Laws 2. Larry E. Ribstein and Bruce H. Kobayashi (1996), ‘An Economic Analysis of Uniform State Laws’ C The Choice of State Versus Federal Law 3. William F. Baxter (1963), ‘Choice of Law and the Federal System’ D Contractual Choice of Law and Forum 4. Erin O’Hara and Larry E. Ribstein (2000), ‘From Politics to Efficiency in Choice of Law’ PART II SPECIFIC APPLICATIONS A Corporate Law and the Race to the Top 5. Roberta Romano (1985), ‘Law as a Product: Some Pieces of the Incorporation Puzzle’ 6. Lucian Ayre Bebchuk (1992), ‘Federalism and the Corporation: The Desirable Limits on State Competition in Corporate Law’ B Antitrust and the Economics of Federalism 7. Frank H. Easterbrook (1983), ‘Antitrust and the Economics of Federalism’ C Environmental Regulation 8. Richard L. Revesz (2001), ‘Federalism and Environmental Regulation: A Public Choice Analysis’ D Taxation 9. Daniel Shaviro (1992), ‘An Economic and Political Look at Federalism in Taxation’ E Welfare Reform 10. Charles C. Brown and Wallace E. Oates (1987), ‘Assistance to the Poor in a Federal System’ F Crime 11. Doron Teichman (2005), ‘The Market for Criminal Justice: Federalism, Crime Control, and Jurisdictional Competition’ Name Index

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Book SynopsisProgress in technology and moves towards a liberal economic policy have caused a number of economic activities to become highly mobile. This raises important questions regarding the future location of economic activity: where will firms locate or relocate and how will firms and industries fit into space that is influenced by economic integration? Through his selection of key previously published articles, Professor Jovanovic aims to provide a survey of the theoretical foundations of spatial location of firms and industries, and to explore the impact of economic integration on this process. Economic Integration and Spatial Location of Firms and Industries will be essential reading for scholars, theorists, policymakers and business executives, who face these new challenges to the economy now and in the future.Trade Review'This new collection. . . is impressive due to its dimension but even more so for the quality of the contributions.' -- Dusan SidjanskiTable of ContentsContents: Volume I: Conceptual Issues Acknowledgements Foreword Richard E. Baldwin Preface Miroslav N. Jovanović Introduction Miroslav N. Jovanović PART I BASIC THEORY 1. R.G. Lipsey (1960), ‘The Theory of Customs Unions: A General Survey’ 2. B. Curtis Eaton and Richard G. Lipsey (1997), ‘Introduction: Beyond Neoclassical Competitive Economics’ 3. Paul Krugman (1980), ‘Scale Economies, Product Differentiation, and the Pattern of Trade’ PART II EVOLUTIONARY STAND 4. Ron A. Boschma and Jan G. Lambooy (1999), ‘Evolutionary Economics and Economic Geography’ 5. Jan G. Lambooy and Ron A. Boschma (2001), ‘Evolutionary Economics and Regional Policy’ 6. Paul Krugman (1991), ‘History versus Expectations’ 7. Paul Krugman (1999), ‘The Role of Geography in Development’ PART III RELEVANCE FOR INTEGRATION IN EUROPE AND NORTH AMERICA 8. N. Vanhove and L.H. Klaassen (1987), ‘The Regional Impact of the Integration Process’ 9. Anthony J. Venables (1994), ‘Economic Integration and Industrial Agglomeration’ 10. Paul R. Krugman and Anthony J. Venables (1990), ‘Integration and the Competitiveness of Peripheral Industry’ 11. Paul Krugman and Anthony J. Venables (1996), ‘Integration, Specialization, and Adjustment’ 12. Marius Brülhart and Johan Torstensson (1996), ‘Regional Integration, Scale Economies and Industry Location in the European Union’ 13. Diego Puga (1999), ‘The Rise and Fall of Regional Inequalities’ 14. Anthony J. Venables (1995), ‘Economic Integration and the Location of Firms’ 15. Anthony J. Venables (2003), ‘Winners and Losers from Regional Integration Agreements’ 16. Gordon H. Hanson (1998), ‘North American Economic Integration and Industry Location’ 17. Gianmarco I.P. Ottaviano (2004), ‘Footloose Capital, Market Access and the Geography of Regional State Aid’ 18. Anthony J. Venables and Nuno Limão (2002), ‘Geographical Disadvantage: A Heckscher-Ohlin-von Thünen Model of International Specialisation’ 19. Diego Puga and Anthony J. Venables (1997), ‘Preferential Trading Arrangements and Industrial Location’ PART IV TAX ISSUES 20. Alex Easson (2001), ‘Tax Incentives for Foreign Direct Investment. Part I: Recent Trends and Countertrends’ and ‘Tax Incentives for Foreign Direct Investment. Part II: Design Considerations’ 21. Richard E. Baldwin and Paul Krugman (2004), ‘Agglomeration, Integration and Tax Harmonisation’ PART V OVERVIEWS 22. Gianmarco I.P. Ottaviano and Diego Puga (1998), ‘Agglomeration in the Global Economy: A Survey of the “New Economic Geography”’ 23. Ron Martin (1999), ‘The New “Geographical Turn” in Economics: Some Critical Reflections’ 24. M.N. Jovanović (2003), ‘Spatial Location of Firms and Industries: An Overview of Theory’ Name Index Volume II: Agglomeration and Clusters Acknowledgements An introduction by the editor to all three volumes appears in Volume I PART I CONCEPTUAL ISSUES 1. Alfred Marshall (1890), ‘Industrial Organization Continued. The Concentration of Specialized Industries in Partiular Localities’ 2. W. Brian Arthur (1988), ‘Self-Reinforcing Mechanisms in Economics’ 3. W. Brian Arthur (2002), ‘How Growth Builds upon Growth in High Technology’ 4. Michael E. Porter (1998), ‘Clusters and the New Economics of Competition’ 5. Anders Malmberg, Örjan Sölvell and Ivo Zander (1996), ‘Spatial Clustering, Local Accumulation of Knowledge and Firm Competitiveness’ 6. Ron Martin and Peter Sunley (2003), ‘Deconstructing Clusters: Chaotic Concept or Policy Panacea?’ 7. Peter Maskell (2001), ‘Towards a Knowledge-based Theory of the Geographical Cluster’ PART II EVOLUTION 8. Clifford Bekar and Richard G. Lipsey (2002), ‘Clusters and Economic Policy’ 9. Michael E. Porter (1994), ‘The Role of Location in Competition’ 10. Ron Boschma and Jan Lambooy (1999), ‘The Prospects of an Adjustment Policy Based on Collective Learning in Old Industrial Regions’ 11. Richard Baldwin, Rikard Forslid, Philippe Martin, Gianmarco Ottaviano and Frederic Robert-Nicoud (2003), ‘Policy and Economic Geography: What’s New?’ PART III EVIDENCE 12. Glenn Ellison and Edward L. Glaeser (1997), ‘Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach’ 13. Masahisa Fujita and Jacques-François Thisse (1996), ‘Economics of Agglomeration’ 14. Ian R. Gordon and Philip McCann (2000), ‘Industrial Clusters: Complexes, Agglomeration and/or Social Networks?’ 15. Marius Brülhart (1998), ‘Economic Geography, Industry Location and Trade: The Evidence’ 16. Masahisa Fujita and Jacques-François Thisse (2003), ‘Does Geographical Agglomeration Foster Economic Growth? And Who Gains and Loses From It?’ 17. J. Vernon Henderson, Zmarak Shalizi and Anthony J. Venables (2001), ‘Geography and Development’ 18. Thomas J. Holmes (1998), ‘The Effect of State Policies on the Location of Manufacturing: Evidence from State Borders’ 19. Marius Brülhart and Federico Trionfetti (2004), ‘Public Expenditure, International Specialisation and Agglomeration’ 20. Miroslav N. Jovanović (2003), ‘Local vs. Global Location of Firms and Industries’ 21. Khalid Nadvi (1998), ‘International Competitiveness and Small Firm Clusters – Evidence from Pakistan’ 22. Anthony J. Venables (1999), ‘The International Division of Industries: Clustering and Comparative Advantage in a Multi-industry Model’ PART IV POLICY ADVICE 23. Michael E. Porter (2000), ‘Location, Competition, and Economic Development: Local Clusters in a Global Economy’ Name Index Volume III: Transnational Corporations and Search for Evidence Acknowledgements An introduction by the editor to all three volumes appears in Volume I PART I FOREIGN DIRECT INVESTMENT AND TRANSNATIONAL CORPORATIONS A Background 1. John H. Dunning and Peter Robson (1987), ‘Multinational Corporate Integration and Regional Economic Integration’ B Europe 2. George N. Yannopoulos (1990), ‘Foreign Direct Investment and European Integration: The Evidence from the Formative Years of the European Community’ 3. John H. Dunning (1997), ‘The European Internal Market Programme and Inbound Foreign Direct Investment’ 4. Matthieu Crozet, Thierry Mayer and Jean-Louis Mucchielli (2004), ‘How do Firms Agglomerate? A Study of FDI in France’ C North America 5. A.E. Safarian (1985), ‘The Relationship between Trade Agreements and International Direct Investment’ 6. B. Curtis Eaton, Richard G. Lipsey and A. Edward Safarian (1994), ‘The Theory of Multinational Plant Location in a Regional Trading Area’ 7. B. Curtis Eaton, Richard G. Lipsey and A. Edward Safarian (1994), ‘The Theory of Multinational Plant Location: Agglomerations and Disagglomerations’ 8. John H. Dunning (1994), ‘MNE Activity: Comparing the NAFTA and the European Community’ D Location of Japanese Firms in Europe and the United States 9. Hideki Yamawaki (1993), ‘Location Decisions of Japanese Multinational Firms in European Manufacturing Industries’ 10. Stuart Ford and Roger Strange (1999), ‘Where do Japanese Manufacturing Firms Invest within Europe, and Why?’ 11. V.N. Balasubramanyam and David Greenaway (1992), ‘Economic Integration and Foreign Direct Investment: Japanese Investment in the EC’ 12. Ashoka Mody and Krishna Srinivasan (1998), ‘Japanese and U.S. Firms as Foreign Investors: Do they March to the Same Tune?’ E Developing Countries 13. Constantine Vaitsos (1983), The Role of Transnational Enterprises in Latin American Economic Integration Efforts: Who Integrates, and With Whom, How and for Whose Benefit? 14. Lynn Krieger Mytelka (1984), ‘Competition, Conflict and Decline in the Union Douanière et Economique de l’Afrique Centrale (UDEAC)’ PART II TOWARDS EVIDENCE A Europe 15. Roberto P. Camagni (1992), ‘Development Scenarios and Policy Guidelines for the Lagging Regions in the 1990s’ 16. European Commission (1997), ‘Summary’, ‘Review of the Theoretical and Empirical Literature’ and ‘Growth and Convergence Trends in Europe, 1975–93’ 17. K.H. Midelfart-Knarvik, H.G. Overman, S.J. Redding and A.J. Venables (2002), ‘The Location of European Industry’ 18. Karen Helene Midelfart-Knarvik and Henry G. Overman (2002), ‘Delocation and European Integration: Is Structural Spending Justified?’ 19. Mary Amiti (1998), ‘New Trade Theories and Industrial Location in the EU: A Survey of Evidence’ 20. Mary Amiti (1999), ‘Specialization Patterns in Europe’ 21. Harvey W. Armstrong (1995), ‘Convergence among Regions of the European Union, 1950–1990’ 22. Leo Sleuwaegen and Reinhilde Veugelers (2004), ‘Geographical Concentration of Production by Leading Firms in EU Manufacturing’ 23. John Bachtler and Ivan Turok (1997), ‘Conclusions: An Agenda for Reform’ 24. Joaquín Andaluz, Luis Fernando Lanaspa and Fernando Sanz (2002), ‘Geographical Dynamics: A Sectoral Comparison Between the Economic Landscapes of the United States and Europe’ B Agglomerations and Clusters 25. Marius Brülhart (1998), ‘Trading Places: Industrial Specialization in the European Union’ 26. European Commission (2002), Regional Clusters in Europe, Observatory of European SMEs Report No. 3, Luxembourg: Office for the Official Publications of the European Communities 27. David Keeble and Frank Wilkinson (1999), ‘Collective Learning and Knowledge Development in the Evolution of Regional Clusters of High Technology SMEs in Europe’ 28. Gioacchino Garofoli (2002), ‘Local Development in Europe: Theoretical Models and International Comparisons’ C Other Strands 29. Iain Begg and David Mayes (1994), ‘Peripherality and Northern Ireland’ 30. Jean H.P. Paelinck and Mario Polèse (1999), ‘Modelling the Regional Impact of Continental Economic Integration: Lessons from the European Union for NAFTA’ Name Index

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Book SynopsisThis important volume presents a rich collection of ideas on and insights into the law and economics of contracts. It includes material relevant to a large number of legal fields. Many of the articles are classics that have, over the years, become focal points for continuing debate; others provide an easily accessible account of particular areas. The editor's comprehensive introduction provides an overview of law and economics scholarship in contracts over the past few decades and a portal into an evolving field.Topics include: the economics of contracting; efficient breach and renegotiation; expectation damages and its alternatives; default rules and mass markets.Trade Review'This book will serve as the essential resource for anyone interested in the economic analysis of contract law. Baird has included both the iconic articles of the past and the recent works which define the cutting edge of scholarship in the area. This volume is that rare collection that offers a snapshot of the current academic learning across the field. It is both an invaluable resource for those first exploring the economic analysis of contract law as well as a useful reference for the initiated.' -- Robert Rasmussen, Vanderbilt University, USTable of ContentsContents: Acknowledgements Introduction Douglas G. Baird PART I CONTRACTING 1. Charles J. Goetz and Robert E. Scott (1980), ‘Enforcing Promises: An Examination of the Basis of Contract’ 2. Oliver Hart and John Moore (1999), ‘Foundations of Incomplete Contracts’ 3. Richard Craswell (1989), ‘Contract Law, Default Rules, and the Philosophy of Promising’ 4. Eric A. Posner (2003), ‘Economic Analysis of Contract Law After Three Decades: Success or Failure?’ 5. Anthony T. Kronman (1978), ‘Mistake, Disclosure, Information, and the Law of Contracts’ PART II EFFICIENT BREACH AND RENEGOTIATION 6. Steven Shavell (1980), ‘Damage Measures for Breach of Contract’ 7. William P. Rogerson (1984), ‘Efficient Reliance and Damage Measures for Breach of Contract’ PART III EXPECTATION DAMAGES AND ITS ALTERNATIVES 8. Kathryn E. Spier and Michael D. Whinston (1995), ‘On the Efficiency of Privately Stipulated Damages for Breach of Contract: Entry Barriers, Reliance, and Renegotiation’ 9. Alan Schwartz (1979), ‘The Case for Specific Performance’ 10. Robert E. Scott and George G. Triantis (2004), ‘Embedded Options and the Case Against Compensation in Contract Law’ PART IV DEFAULT RULES 11. Richard A. Posner and Andrew M. Rosenfield (1977), ‘Impossibility and Related Doctrines in Contract Law: An Economic Analysis’ 12. Richard A. Epstein (1989), ‘Beyond Foreseeability: Consequential Damages in the Law of Contract’ 13. Ian Ayres and Robert Gertner (1989), ‘Filling Gaps in Incomplete Contracts: An Economic Theory of Default Rules’ 14. Lucian Ayre Bebchuk and Steven Shavell (1991), ‘Information and the Scope of Liability for Breach of Contract: The Rule of Hadley v. Baxendale’ PART V MARKETS 15. Alan Schwartz and Louis L. Wilde (1979), ‘Intervening in Markets on the Basis of Imperfect Information: A Legal and Economic Analysis’ 16. Sanford J. Grossman (1981), ‘The Informational Role of Warranties and Private Disclosure About Product Quality’ 17. Richard A. Epstein (1975), ‘Unconscionability: A Critical Reappraisal’ 18. Douglas G. Baird (2006), ‘The Boilerplate Puzzle’ Name Index

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Book SynopsisWhich programmes of income redistribution across jurisdictions are likely to be chosen in democratic countries and why? How does the degree of government centralization affect these choices? How does redistribution of income across regions interact with the migration of factors of production? Do these processes reinforce or do they obstruct each other, and why? This book tries to answer these questions and others related to the issue of income redistribution across states and regions.The book adopts a positive, public choice approach in the theoretical analysis and tests the predictions on evidence drawn from a highly centralized country (Italy) and a highly decentralized one (the United States). The Politics and Economics of Regional Transfers will be of great interest to scholars of economics, public finance and public choice. Students of economics, economic development, political economy, regional and local economics, public finance and public choice will also find it of interest, as will policy analysts.Trade Review'One of the several interesting and useful ideas in Padovano's stimulating analysis of interregional redistribution and convergence is his "Index of Geographical Redistribution". The IGR index can be computed with readily available data using simple regressions. This idea is likely to lead to a host of new empirical studies aimed at uncovering the implications of regional redistribution for internal migration and regional growth.' -- Stanley Winer, Carleton University, CanadaTable of ContentsContents: Foreword by Wallace E. Oates 1. Introduction 2. The Main Ideas, in Words 3. How Interregional Redistribution is Decided and What Effects it Produces: A Static Model 4. A Model of Interregional Redistribution and Income Convergence 5. Empirical Estimates of the Effects of Interregional Redistribution on Income Dynamics 6. Conclusion Bibliography Index

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Book SynopsisDuring the last two decades researchers in the field of experimental law and economics have made significant contributions to our knowledge of human behaviour and its interaction with legal and regulatory environments. This collection of previously published papers examines the use of laboratory experiments to test and develop these theories about how people behave, including their responses to legal rules.An important resource for judges, policymakers and scholars alike, the articles presented are drawn from diverse disciplines such as economics, law and psychology. The editors' comprehensive introduction provides expert analysis and insightful discussion of new directions in the field. Also included is an extended bibliography of additional articles to further aid readers' study.Trade Review‘Experimental analysis under controlled conditions provides a unique perspective on how people respond to legal rules and institutions. The Arlen–Talley volume is a superb collection of the seminal articles, assembled in a coherent way to help the reader understand and assess the potential of this body of research.’Table of ContentsContents: Acknowledgements Introduction Jennifer H. Arlen and Eric L. Talley PART I EXPERIMENTAL TEST OF THE COASE THEOREM 1. Elizabeth Hoffman and Matthew Spitzer (1982), ‘The Coase Theorem: Some Experimental Tests’ 2. Stewart Schwab (1988), ‘A Coasean Experiment on Contract Presumptions’ 3. Rachel Croson and Jason Scott Johnston (2000), ‘Experimental Results on Bargaining Under Alternative Property Rights Regimes’ PART II LOSS AVERSION: ENDOWMENT EFFECTS, FRAMING EFFECTS, STATUS QUO BIAS A Endowment Effects 4. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1990), ‘Experimental Tests of the Endowment Effect and the Coase Theorem’ 5. Jennifer Arlen, Matthew Spitzer and Eric Talley (2002), ‘Endowment Effects within Corporate Agency Relationships’ 6. Charles R. Plott and Kathryn Zeiler (2005), ‘The Willingness to Pay-Willingness to Accept Gap, the “Endowment Effect”, Subject Misconceptions, and Experimental Procedures for Eliciting Valuations’ B Framing Effects 7. Edward J. McCaffery, Daniel J. Kahneman and Matthew L. Spitzer (1995), ‘Framing the Jury: Cognitive Perspectives on Pain and Suffering Awards’ 8. Russell Korobkin and Chris Guthrie (1997), ‘Psychology, Economics, and Settlement: A New Look at the Role of the Lawyer’ PART III SETTLEMENT BEHAVIOUR, SELF-SERVING BIAS AND THE ROLE OF LAWYERS 9. Linda Babcock, George Loewenstein, Samuel Issacharoff and Colin Camerer (1995), ‘Biased Judgments of Fairness in Bargaining’ 10. George Loewenstein and Don A. Moore (2004), ‘When Ignorance is Bliss: Information Exchange and Inefficiency in Bargaining’ 11. Linda Babcock, George Loewenstein and Samuel Issacharoff (1998), ‘Creating Convergence: Debiasing Biased Litigants’ 12. Greg Pogarsky and Linda Babcock (2001), ‘Damage Caps, Motivated Anchoring, and Bargaining Impasse’ PART IV FAIRNESS, TRUST AND CROWDING OUT 13. Elizabeth Hoffman, Kevin McCabe, Keith Shachat and Vernon Smith (1994), ‘Preferences, Property Rights, and Anonymity in Bargaining Games’ 14. Elizabeth Hoffman, Kevin McCabe and Vernon L. Smith (1996), ‘Social Distance and Other-Regarding Behavior in Dictator Games’ 15. Robert H. Frank, Thomas Gilovich and Dennis T. Regan (1993), ‘Does Studying Economics Inhibit Cooperation?’ 16. Ernest Fehr, Alexander Klein and Klaus M. Schmidt (2007), ‘Fairness and Contract Design’ 17. Iris Bohnet, Bruno S. Frey and Steffen Huck (2001), ‘More Order with Less Law: On Contract Enforcement, Trust, and Crowding’ 18. Daylian M. Cain, George Loewenstein and Don A. Moore (2005), ‘The Dirt on Coming Clean: Perverse Effects of Disclosing Conflicts of Interest’ PART V REASONING ABOUT RISK AND LOSS A Legal Rules and Deterrence 19. Lewis Kornhauser and Andrew Schotter (1990), ‘An Experimental Study of Single-Actor Accidents’ 20. Uri Gneezy and Aldo Rustichini (2000), ‘A Fine Is a Price’ B Assessment of Risk by Judges and Juries 21. Kim A. Kamin and Jeffrey J. Rachlinski (1995),’ Ex Post ≠ Ex Ante: Determining Liability in Hindsight’ 22. Alison C. Smith and Edith Greene (2005), ‘Conduct and its Consequences: Attempts at Debiasing Jury Judgments’ 23. W. Kip Viscusi and Richard J. Zeckhauser (2004), ‘The Denominator Blindness Effect: Accident Frequencies and the Misjudgment of Recklessness’ C Impact of Decision Rules on Juries 24. Chris Guthrie, Jeffrey J. Rachlinski and Andrew J. Wistrich (2001), ‘Inside the Judicial Mind’ 25. David Schkade, Cass R. Sunstein and Daniel Kahneman (2000), ‘Deliberating About Dollars: The Severity Shift’ 26. Serena Guarnaschelli, Richard D. McKelvey and Thomas R. Palfrey (2000), ‘An Experimental Study of Jury Decision Rules’ Name Index

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Book SynopsisThe relationship between sport and the media raises numerous issues and problems. This book outlines the current major policy concerns relating to the commercialization of sports broadcasting rights. What is the impact of marketing arrangements between content owners and media companies - a combination of joint selling with exclusivity - on fans, big-city and small-city clubs, TV markets, and finally on consumer welfare? Do consumers in Europe and the USA receive good value for the fees they pay to broadcasters? And does the way programs are delivered to the viewers (free-to-air, pay-TV or pay-per-view) have a positive or negative influence on the deal consumers receive? These are some of the central issues discussed within this book by the international team of contributors.Providing a comprehensive view on the relations between the sports media rights market, the sports market and the different partakers in the process (club, leagues, events organisers, TV operators, intellectual property owners), this book will be of great interest to academics and sports economists alike. With its clear and simple presentation, The Economics of Sport and the Media will also be accessible to sport federations, leagues, clubs, and policy makers at governmental and non-governmental agencies.Trade Review'. . . this is a fascinating and informative volume and the bulk of it is accessible to readers without an economics background. It will be of interest to students of sport and the media and those interested in the commercialisation of leisure in general.' -- A.J. Veal, Leisure Studies'This volume of 10 chapters, each penned by a respected sports economist or sport-policy analyst, is of particular importance because it provides a constructive comparison with perspectives from both Europe and North America. The material is presented in a straightforward manner, largely free of economic jargon, and comprehensible to academics from a variety of fields, as well as interested professionals. . . The Economics of Sport and the Media sheds light on the important policy issues facing the sport-broadcast industry. . . This volume brings together a very useful comparison of European and North American systems and corresponding research perspectives. The book should serve as an important reference that will drive scholars and policy analysts to conduct important research in this crucial segment of the sports industry.' -- Joel G. Maxcy, International Journal of Sport CommunicationTable of ContentsContents: 1. Sport and the Media: An Overview Claude Jeanrenaud and Stefan Késenne 2. Competitive Balance and the Sports Media Rights Market: What are the Real Issues? Bill Gerrard 3. Broadcasting Rights and Competition in European Football Wladimir Andreff and Jean-François Bourg 4. Joint Purchasing of Sports Rights: A Legal Viewpoint Adrian Fikentscher 5. Broadcaster and Audience Demand for Premier League Football David Forrest, Robert Simmons and Babatunde Buraimo 6. International Television Sports Rights: Risky Investments Harry Arne Solberg 7. The Relationship between Sport and Television: The Case of TF1 and the 2002 Football World Cup Michel Desbordes 8. Why Have Premium Sports Rights Migrated to Pay-TV in Europe but not in the US? Stefan Szymanski 9. Economic Perspectives on Market Power in the Telecasting of US Team Sports Andrew Zimbalist 10. Baseball and the Broadcast Media Paul D. Staudohar Index

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Book SynopsisWhen considered as an integrated body of work, the chapters within this book highlight the development and evolution of a research trajectory linking together entrepreneurship with innovative activity and ultimately economic growth. These specially selected previously published papers bring together studies spanning a broad spectrum of perspectives, from that of the individual confronting the decision to start a new venture to that of the firm considering strategies to innovate. Other areas of consideration include the impact on new-venture competitiveness and performance such as growth and survival, the industry and how it evolves over time, and the region and how it is influenced by entrepreneurial activity. Taken together, these chapters highlight the key role that entrepreneurship plays in generating innovative activity and economic growth. The implications of the emergence of the entrepreneurial economy for public policy are analyzed, along with the key contribution that entrepreneurship policy makes to economic growth, employment and competitiveness in global markets.Entrepreneurship, Innovation and Economic Growth will be of great interest to academics, students and researchers in a wide range of fields including: management, entrepreneurship, industrial economics, evolutionary economics, innovation and technological change, regional economics and public policy.Table of ContentsContents: Introduction PART I: INNOVATION 1. Innovation in Large and Small Firms: An Empirical Analysis Zoltan J. Acs 2. R&D Rivalry, Industrial Policy, and US–Japanese Trade Hideki Yamawaki 3. Innovation and Size at the Firm Level Zoltan J. Acs 4. Innovation, Market Share, and Firm Size Zoltan J. Acs PART II: ENTREPRENEURSHIP 5. Company-Scientist Locational Links: The Case of Biotechnology Paula E. Stephan 6. R&D Spillovers and Recipient Firm Size Zoltan J. Acs and Maryann P. Feldman 7. University Spillovers and New Firm Location Erik E. Lehmann and Susanne Warning 8. Knowledge Spillovers in Biotechnology: Sources and Incentives Paula E. Stephan 9. The Knowledge Spillover Theory of Entrepreneurship and Economic Growth David Audretsch PART III: GEOGRAPHY 10. R&D Spillovers and the Geography of Innovation and Production Maryann P. Feldman 11. Real Effects of Academic Research: Comment Zoltan J. Acs and Maryann P. Feldman 12. Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition Maryann P. Feldman 13. Knowledge Spillovers and the Geography of Innovation Maryann P. Feldman PART IV: EVOLUTION 14. New-Firm Survival and the Technological Regime David Audretsch 15. Innovation, Growth and Survival David Audretsch 16. Does Entry Size Matter? The Impact of the Life Cycle and Technology on Firm Survival Rajshree Agarwal 17. New Firm Survival: New Results Using a Hazard Function Talat Mahmood 18. The Dynamic Role of Small Firms: Evidence from the US David Audretsch 19. Mansfield’s Missing Link: The Impact of Knowledge Spillovers on Firm Growth Erik E. Lehmann 20. Technological Regimes, Industrial Demography and the Evolution of Industrial Structures David Audretsch PART V: ECONOMIC GROWTH 21. Entrepreneurship Capital and Economic Performance Max Keilbach 22. What’s New About the New Economy? Sources of Growth in the Managed and Entrepreneurial Economies A. Roy Thurik 23. Impeded Industrial Restructuring: The Growth Penalty Martin A. Carree, Adriaan J. van Stel and A. Roy Thurik 24. Growth Regimes over Time and Space Michael Fritsch 25. Does Entrepreneurship Capital Matter? Max Keilbach PART VI: POLICY 26. Entrepreneurship Policy and the Strategic Management of Places David Audretsch 27. The Emergence of Entrepreneurship Policy Brett Anitra Gilbert and Patricia P. McDougall 28. Market Dynamics in the Netherlands: Competition Policy and the Role of Small Firms George van Leeuwen, Bert Menkveld and Roy Thurik 29. Does Firm Size Matter? Evidence on the Impact of Liquidity Constraints on Firm Investment Behavior in Germany Julie Ann Elston 30. Competition Policy in Dynamic Markets William J. Baumol and Andrew E. Burke 31. Agglomeration and the Location of Innovative Activity David Audretsch Index

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Book SynopsisChina's long-term economic success is driven by new firms, new sectors and new business practices. This book explores the establishment of new private firms and listed companies, the development of knowledge industries, in particular the IT and banking sectors and the co-evolution of public governance and business institutions. The contributors discuss the role of local institutions in coordinating business activities and unleashing entrepreneurship, arguing that the sudden growth of new firms and industries is facilitated by changes in business behaviour and institutions. Initial private exchange and investment in an environment of ill-functioning markets are shown to depend on local networks and local business culture which, in turn, rely on local tax regimes setting incentives for inherited bureaucracies to engage in economic transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China's emerging business system.Contributing to the theory of endogenous institutional change, The Chinese Economy in the 21st Century will be of great appeal to academics and students interested in management, comparative business systems, transition economics, evolutionary economics, Chinese studies and Asian studies.Trade Review'Barbara Krug and Hans Hendrischke have knowledgeably compiled and deftly co-edited an exploration of recent and on-going developments in China as reflected by the establishment of private enterprise businesses and companies, developed knowledge based industries, and evolved a kind of partnership between the institutions of government and business. A seminal work, The Chinese Economy in the 21st Century is very strongly recommended for inclusion in professional, corporate, academic, and governmental International Economics reference collections in general, and contemporary Chinese studies economic supplemental reading lists in particular.' -- Library Bookwatch, Midwest Book Review'What emerges in this book is a complex, layered, intriguing and ultimately informative and insightful portrayal of a radically renovated business environment in contemporary China.' -- David Ip, Pacific Affairs'A creative and wide-ranging collection on enterprise and business behavior in today's China. Using sociological and historical as well as economic analysis, the individual chapters provide insights into different aspects of China's transitional economy as it continues to undergo dynamic change. Recommended for academics and practitioners interested in the forms and dynamics of Chinese business behavior.' -- Frederick C. Teiwes, The University of Sydney, AustraliaTable of ContentsContents: Preface 1. Going Public Without the Public: Between Political Governance and Corporate Governance Sonja Opper 2. Institutional Change, Diversity and Competition: Foreign Banks in Shanghai, 1847–2004 Jeroen Kuilman 3. Foreign Firms in China: Success by Strategic Choices Xueyuan Zhang and Patrick Reinmoeller 4. The New Great Leap: The Rise of China’s ICT Industry Mark Joannes Greeven 5. Enterprise Ground Zero in China Barbara Krug 6. China’s Emerging Tax Regime: Local Tax Farming and Central Tax Bureaucracy Ze Zhu and Barbara Krug 7. Narratives of Change: Culture and Local Economic Development David S.G. Goodman 8. Networks as Business Networks Hans Hendrischke 9. Whom are we Dealing With? Shifting Organisational Forms in China’s Business Sector Barbara Krug and Jeroen Kuilman Index

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Book SynopsisThe spate of corporate governance scandals in the USA, Asia and Europe during the late 1990s has renewed interest in the role of corporations in society. International organizations such as the World Bank and OECD have come to recognize that corporate law plays an important role in economic development and GDP growth. In this timely and important collection, Jonathan Macey presents the key papers that have influenced the development of corporate law scholarship. The many topics covered include the foundations of the economics of corporate law, the corporation as a nexus of contracts, corporate law from a Coasean perspective, insider trading and jurisdictional competition. The articles and the editor's authoritative introduction are essential readings for those with an interest in corporate law and its economic underpinnings.Trade Review‘Jonathan Macey’s Classics in Corporate Law and Economics ties together a collection of some of the most interesting and creative writers on the subject of law and economics since its birth as a discipline. Beginning with the foundations of the economics of corporate law and a look at the Coasean perspective, the work comprises of a two-volume array of essays that provide an enlightening and in-depth consideration of the most current and essential issues in the field today. The book is a masterpiece long overdue and will surely be heralded as a “classic” in itself for a long time to come.’Table of ContentsContents: Volume I Acknowledgements Introduction Jonathan Macey PART I THE FOUNDATIONS OF THE ECONOMICS OF CORPORATE LAW 1. R.H. Coase (1937), ‘The Nature of the Firm’ 2. Michael C. Jensen and William H. Meckling (1976), ‘Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure’ PART II THE CORPORATION AS A NEXUS OF CONTRACTS 3. Frank H. Easterbrook and Daniel R. Fischel (1989), ‘The Corporate Contract’ 4. John C. Coffee, Jr. (1989), ‘The Mandatory/Enabling Balance in Corporate Law: An Essay on the Judicial Role’ 5. Frank H. Easterbrook and Daniel R. Fischel (1986), ‘Close Corporations and Agency Costs’ PART III CORPORATE LAW FROM A COASEAN PERSPECTIVE: FIDUCIARY DUTIES, VOTING AND THE ROLE OF SHAREHOLDERS AND OTHER CONSTITUTENCIES 6. Frank H. Easterbrook and Daniel R. Fischel (1983), ‘Voting in Corporate Law’ 7. Jonathan R. Macey (1999), ‘Fiduciary Duties as Residual Claims: Obligations to Nonshareholder Constituencies from a Theory of the Firm Perspective’ 8. Jonathan R. Macey and Geoffrey P. Miller (1993), ‘Corporate Stakeholders: A Contractual Perspective’ PART IV CORPORATE LAWYERS AND OTHER “INSTITUTIONAL FEATURES” OF CORPORATE LAW 9. Oliver E. Williamson (1979), ‘Transaction-Cost Economics: The Governance of Contractual Relations’ 10. Arnoud W.A. Boot and Jonathan R. Macey (2004), ‘Monitoring Corporate Performance: The Role of Objectivity, Proximity, and Adaptability in Corporate Governance’ 11. Ronald J. Gilson (1984), ‘Value Creation by Business Lawyers: Legal Skills and Asset Pricing’ 12. Ronald J. Gilson (1996), ‘Corporate Governance and Economic Efficiency: When Do Institutions Matter?’ 13. Mark J. Roe (2002), ‘Corporate Law’s Limits’ 14. Oliver E Williamson (1988), ‘Corporate Finance and Corporate Governance’ 15. Jonathan R. Macey and Geoffrey P. Miller (1995), ‘Corporate Governance and Commercial Banking: A Comparative Examination of Germany, Japan, and the United States’ 16. Clifford W. Smith, Jr. and Jerold B. Warner (1979), ‘On Financial Contracting: An Analysis of Bond Covenants’ 17. Roberta Romano (1991), ‘The Shareholder Suit: Litigation Without Foundation?’ Name Index Volume II Acknowledgements An introduction by the editor to both volumes appears in Volume I PART I INSIDER TRADING 1. Dennis W. Carlton and Daniel R. Fischel (1983), ‘The Regulation of Insider Trading’ 2. David D. Haddock and Jonathan R. Macey (1987), ‘A Coasian Model of Insider Trading’ 3. David D. Haddock and Jonathan R. Macey (1987), ‘Regulation on Demand: A Private Interest Model, with an Application to Insider Trading Regulation’ PART II THE MARKET FOR CORPORATE CONTROL 4. Henry G. Manne (1965), ‘Mergers and the Market for Corporate Control’ 5. Frank H. Easterbrook and Daniel R. Fischel (1981), ‘The Proper Role of a Target’s Management in Responding to a Tender Offer’ 6. Lucian Arye Bebchuk, John C. Coates IV and Guhan Subramanian (2002), ‘The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence, and Policy’ 7. Richard Roll (1986), ‘The Hubris Hypothesis of Corporate Takeovers’ 8. Ronald J. Gilson (1982), ‘Seeking Competitive Bids Versus Pure Passivity in Tender Offer Defense’, Stanford Law Review, 35, November, 51-67 [17] 9. Jonathan R. Macey and Fred S. McChesney (1985), ‘A Theoretical Analysis of Corporate Greenmail’ PART III JURISDICTIONAL COMPETITION FOR CORPORATE CHARTERS 10. Ralph K. Winter, Jr. (1977), ‘State Law, Shareholder Protection and the Theory of the Corporation’ 11. Roberta Romano (1985), ‘Law as a Product: Some Pieces of the Incorporation Puzzle’ 12. Jonathan R. Macey and Geoffrey P. Miller (1987), ‘Toward an Interest-Group Theory of Delaware Corporate Law’ 13. William J. Carney (1997), ‘The Political Economy of Competition for Corporate Charters’ PART IV POLITICS AND THE ECONOMICS OF CORPORATE LAW 14. John Pound (1993), ‘The Rise of the Political Model of Corporate Governance and Corporate Control’ 15. Vikramaditya S. Khanna (2004), ‘Corporate Crime Legislation: A Political Economy Analysis’ 16. Mark J. Roe (1991), ‘A Political Theory of American Corporate Finance’ Name Index

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Book SynopsisTaxation has long been the subject of study by both lawyers and economists - pre-dating the law and economics movement - but the gap in the understanding of one another's methodology appears to have widened over time. This important two-volume set aims to address this gap, presenting a selection of papers which have been carefully chosen by the editor not only for their application of economics to distinctly legal issues in the field of taxation, but also for their use of an economic analysis that is relevant and penetrable for lawyers and legal scholars. The collection begins with papers that explore the difference between economic and traditional legal approaches to tax problems. Volume I then focuses on commodity taxation, tax incidence and distribution, progressivity, income taxation, consumption and the choice of tax base. Volume II then turns to more procedural aspects of tax, such as the implementation of the tax base, administration and compliance (including tax shelters), the taxable unit and tax expenditures.This collection will provide an invaluable reference source for lawyers, economists and any student of tax law.Trade Review‘This is an excellent collection that provides a good introduction to some of the key economic issues in tax policy.’ -- Daniel N. Shaviro, New York University, USTable of ContentsContents: Volume I Acknowledgements Introduction David A. Weisbach PART I TAX NORMS 1. Thomas Griffith (1993), ‘Should “Tax Norms” be Abandoned? Rethinking Tax Policy Analysis and the Taxation of Personal Injury Recoveries’ 2. Louis Kaplow (1989), ‘Horizontal Equity: Measures in Search of a Principle’ PART II THE BASIC ECONOMICS OF TAXATION A Commodity Taxation 3. William J. Baumol and David F. Bradford (1970), ‘Optimal Departures from Marginal Cost Pricing’ 4. David A. Weisbach (2000), ‘An Efficiency Analysis of Line Drawing in the Tax Law’ B Incidence and Distribution 5. Michael Graetz (1995), ‘Paint-by-Numbers Tax Lawmaking’ 6. Boris I. Bittker (1975), ‘Tax Shelters and Tax Capitalization, or, Does the Early Bird Get a Free Lunch?’ 7. Boris I. Bittker (1979), ‘Equity, Efficiency, and Income Tax: Do Misallocations Drive Out Inequities?’ C Progressivity 8. Joseph Bankman and Thomas Griffith (1987), ‘Social Welfare and Rate Structure: A New Look at Progressive Taxation’ 9. Joel Slemrod, Shlomo Yizhati, Joram Mayshar and Michael Lundholm (1994), ‘The Optimal Two-Bracket Linear Income Tax’ 10. George Akerlof (1978), ‘The Economics of “Tagging” as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning’ 11. Albert L. Nichols and Richard J. Zeckhauser (1982), ‘Targeting Transfers through Restrictions on Recipients’ D Combining Commodity Taxation and Progressivity 12. Louis Kaplow (2006), ‘On the Undesirability of Commodity Taxation Even When Taxation is Not Optimal’ 13. Louis Kaplow (2004), ‘On the (Ir)Relevance of Distribution and Labor Supply Distortion to Government Policy’ PART III THE CHOICE OF THE TAX BASE – THEORY A What is Income Taxation? 14. Louis Kaplow (1994), ‘Taxation and Risk Taking: A General Equilibrium Perspective’ 15. Alvin C. Warren, Jr. (1996), ‘How Much Capital Income Taxed Under an Income Tax is Exempt Under a Cash Flow Tax?’ B The Comparison Between Consumption and Income Taxation 16. William D. Andrews (1974), ‘A Consumption-Type or Cash Flow Personal Income Tax’ 17. Alvin C. Warren (1980), ‘Would a Consumption Tax be Fairer Than an Income Tax?’ 18. Joseph Bankman and David A. Weisbach (2006), ‘The Superiority of an Ideal Consumption Tax Over an Ideal Income Tax’ C Changing Tax Bases 19. Michael J. Graetz (1977), ‘Legal Transitions: The Case of Retroactivity in Income Tax Revision’ 20. David F. Bradford (1996), ‘Consumption Taxes: Some Fundamental Transition Issues’ 21. David F. Bradford (1998), ‘Transition to and Tax-Rate Flexibility in a Cash-Flow-Type Tax’ Name Index Volume II Acknowledgements Introduction David A. Weisbach PART I THE CHOICE OF THE TAX BASE – IMPLEMENTATION A Implementing a Consumption Tax 1. David A. Weisbach (2000), ‘Ironing Out the Flat Tax’ 2. Harry Grubert and T. Scott Newlon (1995), ‘The International Implications of Consumption Tax Proposals’ B Implementing a Tax on Capital Income 3. William D. Andrews (1983), ‘The Achilles’ Heel of the Comprehensive Income Tax’ 4. Alan J. Auerbach and David F. Bradford (2004), ‘Generalized Cash-Flow Taxation’ 5. Daniel I. Halperin (1985), ‘Interest in Disguise: Taxing the “Time Value of Money”’ 6. Alvin C. Warren (1993), ‘Financial Contract Innovation and Income Tax Policy’ 7. Noel Cunningham and Deborah Schenk (1993), ‘The Case for a Capital Gains Preference’ PART II ADMINISTRATION AND COMPLIANCE A In General 8. Michael G. Allingham and Agnar Sandmo (1972), ‘Income Tax Evasion: A Theoretical Analysis’ 9. Shlomo Yitzhaki (1974), ‘A Note on Income Tax Evasion: A Theoretical Analysis’ 10. Shlomo Yitzhaki (1979), ‘A Note on Optimal Taxation and Administrative Costs’ 11. Joel Slemrod and Shlomo Yitzhaki (1996), ‘The Cost of Taxation and the Marginal Efficiency Costs of Funds’ 12. Joel Slemrod and Wojciech Kopczuk (2002), ‘The Optimal Elasticity of Taxable Income’ B Shelters 13. Joseph Bankman (1999), ‘The New Market in Corporate Tax Shelters’ 14. David A. Weisbach (1999), ‘Formalism in the Tax Law’ PART III THE TAXABLE UNIT 15. Boris I. Bittker (1975), ‘Federal Income Taxation and the Family’ 16. Edward J. McCaffrey (1993), ‘Taxation and the Family: A Fresh Look at Behavioral Gender Biases in the Code’ PART IV TAX EXPENDITURES 17. Stanley S. Surrey (1970), ‘Tax Incentives as a Device for Implementing Government Policy: A Comparison with Direct Expenditures’ 18. Boris I. Bittker (1967), ‘A “Comprehensive Tax Base” as a Goal of Income Tax Reform’ 19. Anne L. Alstott (1995), ‘The Earned Income Tax Credit and the Limitations of Tax-Based Welfare Reform’ Name Index

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Book SynopsisThe volume presents the seminal articles in the economic analysis of the criminal law. The articles include the path-breaking theoretical economic analyses of criminal behavior and the leading empirical tests of these theories. The volume also contains the most prominent economic analyses of the substantive doctrines of criminal law and criminal procedure. Other articles present influential applications of economic concepts and evidence to perennial issues in criminal law and criminal justice, such as gun control, drug prohibition, and sentencing policy. An introduction by the volume editors provides a comprehensive overview of the works included. Economics of Criminal Law will be an essential source of reference for scholars, graduate students in both law and in economics, and practitioners.Trade Review‘This volume brings together some of the most influential articles in the field of law and economics. Together the chapters illustrate how economic theory and rigorous empirical analysis can shed light on some of the most important issues in social science and public policy – namely, under what circumstances individuals break the law and how sanctions can be structured to most effectively prevent such behavior. This book will be an excellent resource for graduate students and researchers not only in economics, but in other social sciences as well.’Table of ContentsContents: Acknowledgements Introduction Steven D. Levitt and Thomas J. Miles PART I ECONOMIC APPROACH TO CRIME AND CRIMINAL LAW 1. Gary S. Becker (1968), ‘Crime and Punishment: An Economic Approach’ 2. George J. Stigler (1970), ‘The Optimum Enforcement of Laws’ 3. A. Mitchell Polinsky and Steven Shavell (1975), ‘The Optimal Tradeoff between the Probability and Magnitude of Fines’ 4. Dan M. Kahan (1996), ‘What Do Alternative Sanctions Mean?’ 5. Richard A. Posner (1985), ‘An Economic Theory of the Criminal Law’ 6. Steven Shavell (1985), ‘Criminal Law and the Optimal Use of Nonmonetary Sanctions as a Deterrent’ 7. William M. Landes and Richard A. Posner (1975), ‘The Private Enforcement of Law’ 8. Frank H. Easterbrook (1983), ‘Criminal Procedure as a Market System’ PART II EMPIRICAL EVALUATION OF THE ECONOMIC APPROACH 9. Franklin M. Fisher and Daniel Nagin (1978), ‘On the Feasibility of Identifying the Crime Function in a Simultaneous Model of Crime Rates and Sanction Levels’ 10. Steven D. Levitt (1996), ‘The Effect of Prison Population Size on Crime Rates: Evidence from Prison Overcrowding Litigation’ 11. Daniel Kessler and Steven D. Levitt (1999), ‘Using Sentence Enhancements to Distinguish Between Deterrence and Incapacitation’ 12. Edward L. Glaeser, Bruce Sacerdote and José A. Scheinkman (1996), ‘Crime and Social Interactions’ PART III ISSUES IN CRIMINAL LAW AND CRIMINAL JUSTICE A Gun Control 13. Philip J. Cook and Jens Ludwig (2003), ‘The Effects of the Brady Act on Gun Violence’ 14. Ian Ayres and John J. Donohue III (1999), ‘Nondiscretionary Concealed Weapons Laws: A Case Study of Statistics, Standards of Proof, and Public Policy’ B Capital Punishment 15. John J. Donohue and Justin Wolfers (2005), ‘Uses and Abuses of Empirical Data in the Death Penalty Debate’ C Drug Prohibition 16. Jeffrey A. Miron and Jeffrey Zwiebel (1995), ‘The Economic Case Against Drug Prohibition’ 17. Gary S. Becker, Kevin M. Murphy and Michael Grossman (2006), ‘The Market for Illegal Goods: The Case of Drugs’ D Sentencing Policy 18. James M. Anderson, Jeffrey R. Kling and Kate Stith (1999), ‘Measuring Interjudge Sentencing Disparity: Before and After the Federal Sentencing Guidelines’ E Legalized Abortion and Crime 19. John J. Donohue III and Steven D. Levitt (2001), ‘The Impact of Legalized Abortion on Crime’ Name Index

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Book SynopsisApplied Evolutionary Economics and Economic Geography aims to further advance empirical methodologies in evolutionary economics, with a special emphasis on geography and firm location. It does so by bringing together a select group of leading scholars including economists, geographers and sociologists, all of whom share an interest in explaining the uneven distribution of economic activities in space and the historical processes that have produced these patterns. Methodological advances in three domains are examined in detail: demographic techniques, which allow for systematic analysis of the spatial evolution of industries social network analysis providing new tools to analyse the geography of networks at different spatial levels spatial econometric techniques, which are used to understand the growth dynamics of cities and regions. The book also contains two case studies on the evolution of high-tech regions and a policy chapter on evolutionary planning of transportation networks.This book will be warmly welcomed by evolutionary economists, industrial organisation scholars and researchers interested in policy science, the economics of innovation and economic geography.Trade Review'. . . I recommend the book wholeheartedly to both economics and geography scholars interested in evolutionary economic thinking in a spatial perspective.' -- Robert Hassink, Journal of Regional Science'The book contains some valuable insights into the historical development of industries and regions, as well as a theoretically informed exploration of social networks and innovation. . .' -- Simon Turner, Economic Geography Research Group'Frenken has edited a volume that provides stimulating and wide-ranging information on the current state of evolutionary and spatial thought areas of economics. Its high standards and the variety of themes and methods that are represented make the volume excellently suited to encourage further reflection on the strengths and weaknesses of evolutionary economics from a geographic perspective, thereby contributing to the adoption of the evolutionary approach in economic geography.' -- Eike W. Schamp, Economic GeographyTable of ContentsContents: Preface 1. Introduction: Applications of Evolutionary Economic Geography Ron A. Boschma and Koen Frenken PART I: ENTREPRENEURSHIP 2. The Cambridge High-Tech Cluster: An Evolutionary Perspective Elizabeth Garnsey and Paul Heffernan 3. Sophia-Antipolis as a ‘Reverse’ Science Park: From Exogenous to Endogenous Development Michel Quéré PART II: INDUSTRIAL DYNAMICS 4. The Evolution of Geographic Structure in New Industries Steven Klepper 5. Constructing Entrepreneurial Opportunity: Environmental Movements and the Transformation of Regional Regulatory Regimes Brandon Lee and Wesley Sine 6. Absorptive Capacity and Foreign Spillovers: A Stochastic Frontier Approach Jojo Jacob and Bart Los PART III: NETWORK ANALYSIS 7. Informational Complexity and the Flow of Knowledge Across Social Boundaries Olav Sorenson, Jan W. Rivkin and Lee Fleming 8. Networks and Heterogeneous Performance of Cluster Firms Elisa Giuliani 9. Social Networks and the Economics of Networks Daniel Birke PART IV: SPATIAL SYSTEMS 10. Diversity, Stability and Regional Growth in the United States, 1975–2002 Jürgen Essletzbichler 11. Inter-regional Knowledge Flows in Europe: An Econometric Analysis Mario A. Maggioni and T. Erika Uberti 12. Explaining the Territorial Adoption of New Technologies: A Spatial Econometric Approach Andrea Bonaccorsi, Lucia Piscitello and Cristina Rossi PART V: PLANNING 13. Evolutionary Urban Transportation Planning? An Exploration Luca Bertolini Index

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Book SynopsisThis book documents the history of economic discourse in Australia and New Zealand from the early days of European settlement. Many of the early economists were immigrants (William Hearn, Charles Pearson, Catherine Spence, David Syme). A few (such as W.C. Wentworth, born on the First Fleet) were proud natives, self-taught but confident and assertive in their use of economic arguments. The 20th century brought European refugees (Heinz Arndt, Harro Bernardelli, Fred Gruen, Kurt Singer) and a healthy crop of locally-born public servant-economists (Bernard Ashwin, John Crawford, 'Nugget' Coombs, Leslie Melville, Roland Wilson). There were theorists of international renown (Richard Manning, Wilfred Salter, Trevor Swan), some who made important contributions to public policy debates (Ronald Henderson, Eric Russell) or distinguished themselves in econometrics (Rex Bergstrom, Bill Phillips). The 130 entries in this volume have been written by more than 50 international authorities, revealing the depth and diversity of economics in Australia and New Zealand over almost two centuries.This biographical dictionary is a rich and comprehensive original reference work that will appeal to many economists and researchers of history and public policy in addition to those involved in the history of economic thought.Trade Review'The editorial achievement in this volume is impressive. Not only has the canvas of potential entries been remarkably thorough, but also the space allotted to each seems nicely in accord with their importance.' -- Craufurd Goodwin, History of Economics Review'Academics, graduate students, journalists, and researchers and historians who work within government and non-governmental organisations and the private sector will find this book a valuable resource and an enjoyable read.' -- Susan K. Schroeder, Australian Economic History Review'. . . this is not just a reference book, wonderful though it is as a reference book, but a book to be read through from cover to cover with immense pleasure and much profit.' -- Steven Kates, EH.Net'This is a delightful volume: a valuable reference book and at the same time an account of economics in Australia that can be read right through as history. This is the way the history of science should be presented, as an account not only of the giants of the field, but of the pygmies as well. Happily this is not an exercise in hagiography. John King has arranged for admirable balance in this collection between entries on such major figures as Colin Clark, Timothy Coghlan, and Douglas Copland, while not forgetting more colorful others such as one who is described as "a club-footed drunk and recidivist bankrupt who occasionally assaulted his colleagues".' -- Craufurd Goodwin, Duke University, USTable of ContentsContents: 1. John Louis Dillon Jock R. Anderson 2. Victor Elie Argy Fred Argy 3. Horace Plessay Brown Susan Bambrick 4. Richard Hal Snape Gary Banks 5. Bernard Edward Murphy Geoff Bertram 6. Horace Belshaw; Malcolm Robertson Fisher Conrad Blyth 7. Richard Ivan Downing Nicholas Brown 8. Sydney James Christopher Lyon Butlin Judith Butlin 9. James Bristock Brigden; Alfred De Lissa; Lyndhurst Falkiner Giblin; Keith Sydney Isles; Arthur James Ogilvy; Arthur Smithies William Coleman 10. Fred Henry George Gruen Max Corden 11. Heinz Wolfgang Arndt; Herbert Burton; Herbert Cole Coombs; Sir Leslie Galfreid Melville; Sir Richard John Randall; Sir Edward Ronald Walker; Sir Roland Wilson Selwyn Cornish 12. Thomas Michael Fitzgerald Jerry Courvisanos 13. Raymond John Albert Harper Robert Dixon 14. Harro Bernardelli; Ralph William Souter Mark Donoghue 15. Sir Bernard Carl Ashwin; William Ball Sutch Brian Easton 16. Colin Grant Clark Anthony Endres 17. Bryan Passmore Philpott; Jan Louise Whitwell Lewis T. Evans 18. Keith Oliver Campbell Brian Fisher 19. Sir John Grenfell Crawford Ross Garnaut 20. Barry Lewis John Gordon Moira Gordon 21. Sir Hermann David Black; Arthur Duckworth; Russell Lloyd Mathews; Richard Charles Mills; Morris Birkbeck Pell; Garnet Vere Portus; Graham Shardalow Lee Tucker; William Charles Wentworth; Sidney Herbert Wostenholme Peter Groenewegen 22. David Miles Bensusan-Butt Louis Haddad 23. Sir Timothy Augustine Coghlan Alan Hall 24. Bryan Passmore Philpott; Jan Louise Whitwell Viv B. Hall 25. Keith Septimus Frearson; Eric Alfred Russell; Wilfred Edward Graham Salter G.C. Harcourt 26. William Pember Reeves Gary Hawke 27. James Ford Cairns; Sir Stanley Roy Carver; Edward Pulsford; Sir Frederick Henry Wheeler John Hawkins 28. Allan George Barnard Fisher; Colin George Frederick Simkin Warren Hogan 29. Ross McDonald Parish Geoff Hogbin 30. Henry George Lang; Sir Alan Roberts Low Frank Holmes 31. Alexander Hunter Thelma Hunter 32. Henry Bournes Higgins; Kingsley Middleton Laffer; Wilfred Prest Joe Isaac 33. Herbert Heaton Jack B. King 34. Sir Francis Anderson; William Henry Archer; Meredith Atkinson; Henry Heylyn Hayter; Christopher Ian Higgins; Maximilian Hirsch; William Stanley Jevons; Robert Mackenzie Johnston; Sir George Handley Knibbs; John Andrew La Nauze; Sir Anthony Musgrave; Godfrey Alfred Rattigan; Walter Scott; Kurt Singer; Trevor Winchester Swan; Edward Gibbon Wakefield; William Westgarth J.E. King 35. Charles Henry Pearson Marilyn Lake 36. Sir James Hight Ralph Lattimore 37. Alban William Housego Phillips Robert Leeson 38. Richard Ivan Manning Daniel Leonard 39. John Bell Condliffe Peter Lloyd 40. Kenneth Deakin Rivett John Lodewijks 41. Catherine Helen Spence Susan Magarey 42. Austin Stewart Holmes Michael McLure 43. Richard Ivan Manning †John McMillan 44. Frederic Charles Courtenay Benham; Leslie Henry Ernest Bury; Sir Douglas Berry Copland; Sir Alfred Charles Davidson; Edward Clarence Evelyn Dyason; Gerald Gill Firth; John King Gifford; Torleiv Hytten; Robert Francis Irvine; Claud Victor Janes; Raymond Newton Kershaw; Clarence Edward Martin; Ronald Mendelsohn; Donald Henry Merry; Maxwell Newton Alex Millmow 45. John Simeon Elkington; Sir John Winthrop Hackett; William Edward Hearn; James Mirams; David Syme; Henry Gyles Turner Gregory Moore 46. Robert Torrens Peter Moore 47. Leslie Cyril Jauncey; James Thomas Sutcliffe Greg Patmore 48. Frank Richard Edward Mauldon Ray Petridis 49. Albert Rex Bergstrom Peter C.B. Phillips 50. Ronald Frank Henderson Peter Saunders 51. Frank Geoffrey Davidson; Donald Henry Whitehead Michael Schneider 52. Sydney James Christopher Lyon Butlin; Albert Hamilton Tocker John Singleton 53. Neil John Vousden Ben Smith 54. Noel George Butlin; Edward Owen Giblin Shann Graeme Donald Snooks 55. Frank Lidgett McDougall; Sir Arthur Tange Sean Turnell 56. Bruce Robinson Davidson; Alan Grahame Lloyd Alistair Watson 57. Cornelis Weststrate Kees Weststrate 58. Muriel Jean Polglaze Lynne Williams 59. Donald Cochrane Ross Williams 60. Gordon Leslie Wood †Robert Wilson

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Book SynopsisThis book is the first to bring an economics perspective in a rigorous manner to complex decision-making in the management of supply chains. It provides the foundations for the modeling of the interrelationships among decision-makers in supply chains, ranging from manufacturers, distributors, and retailers, to the consumers, assuming individualized behavior. The models handle both competition and cooperation and provide the resulting product flows and prices in the chains. A unique network economics perspective is brought to the issue, setting the book apart from the numerous management and operations research volumes available. After an introduction of the theoretical foundations, the book extends and applies the theory to energy supply chains in the form of electric power generation and distribution networks. The relationships between electric power supply chains and transportation networks are vividly captured through theoretical results and the solution of practical examples. The book then explores environmental supply chain and financial networks with intermediation, which are interpreted as supply chains and also solved as such. Throughout, the underlying theme is that of transportation networks and how the relationships between supply chain networks and the more established theory of transportation network equilibria can be applied and exploited for logistic-type applications. Economists and transportation researchers will find the book's theory and applications of great interest. Operations researchers and management scientists as well as practitioners in business logistics will be interested in the book's methodological and practical tools.Trade Review'The entire book is quite easy to read and can serve as a self-contained introduction to supply chain modeling. . . Because it contains many original perspectives on supply chains as complex network systems, it is also useful as a reference for researchers and doctoral students interested in applying the theory of noncooperative games to supply chain networks. Certainly any serious student or reader of supply chains should have this book among his/her readily available references. It is and excellent book.' -- Terry L. Friesz, Journal of Regional ScienceTable of ContentsContents: Preface Part I: Supply Chain Networks 1. Introduction and Overview 2. Supply Chain Networks 3. Transportation Network Equilibrium Transformations 4. Supply Chains and Risk Management 5. Dynamic Supply Chain Networks and Transportation Part II: Energy Supply Chains 6. Electric Power Supply Chains 7. Dynamics Under Risk and Uncertainty 8. Electric Power Supply Chains and Transportation 9. Power Plant Selection and Policy Interventions Part III: Environmental and Financial Networks 10. Supply Chains and Environmental Criteria 11. Reverse Supply Chain Management and E-Cycling 12. Financial Networks and Transportation A. Optimization Theory, VIs, and PDSs B. Problems Bibliography Index

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Book SynopsisInnovation has long been regarded as an interactive process between heterogeneous actors and as a crucial factor in local and regional development. This timely and significant book focuses on the interactions existing within local networks, providing a theoretical foundation to interactive processes as well as a methodological toolkit for the analysis of innovation from a regional perspective. The author employs a number of empirical methods, ranging from econometric studies to surveys and social network analysis, in order to provide an intensive and diverse approach to the analysis of local or regional innovation systems. The application of social network analysis containing patent data is particularly important as it can be applied to other entities such as regions, firms or technologies. As its case study, the book presents a detailed examination of the innovation system present in the Jena region in Germany, and demonstrates the ways in which it has developed from a variety of different perspectives. This lively and comprehensive volume will find widespread appeal amongst researchers in the fields of regional economics, evolutionary economics and the economics of innovation. It will also attract policy consultants interested in creating innovative networks.Trade Review'The book is a valuable contribution to the field of local innovation studies and it will inspire particularly scholars who are interested in exploring the innovation dynamics of cities and regions by applying social network analysis.' -- Michaela Trippl, Journal of Regional Science'This book will form part of a new and promising field of research on clustering and innovation. It not only addresses innovative research questions about the evolution of networks in regional settings and how (local) network positions of firms determine their performance, but also applies advanced quantitative methodologies, such as co-patenting analysis and the use of social network analysis. With the assistance of a number of sophisticated analytical tools, Holger Graf presents an interesting and thorough examination of the Jena region at different spatial levels, which will appeal to academics around the world.' -- Ron A. Boschma, Utrecht University, The Netherlands'Holger Graf provides a highly interesting and stimulating approach to local innovation systems, the analyses of which, until now, have tended to be of a rather descriptive and often static nature. Starting with a birds-eye view on the local innovation system of Jena and investigating its comparative performance within the German regions, he then narrows down the lens and focuses step-by-step on the bilateral interaction structures within the system. The respective analyses - applying network analysis and network regression - are primarily oriented towards the dynamics and evolution of the system and the interaction structures therein. The results contribute in an innovative way to the current literature on innovation systems and will stimulate future research in this area.' -- Uwe Cantner, Friedrich Schiller University, GermanyTable of ContentsContents: Preface 1. Introduction 2. The Systemic View of Innovation 3. Proximity and Innovation 4. Interaction in German Regions 5. High-Tech Firms in Jena 6. Networks of Innovators 7. Local Innovation Systems in Comparison 8. Conclusions Appendix Bibliography Index

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Book SynopsisThe Korean Economy examines how Korea's inward FDI-led globalization, particularly since the financial crisis of 1997, has been experienced, understood, managed and often strongly resisted in various economic, social and cultural domains. It is an in-depth analysis combining perspectives from politics and economics, examining a number of grievances as seen through the eyes of actual foreign investors operating in Korea. The authors argue that it is precisely these obstacles that need to be addressed if Korea is to live up to its full potential in terms of becoming a truly attractive magnet for FDI and comprehensively integrating into the global economy. The authors make a convincing case that the challenges Korea currently faces are by no means limited to institutional and policy reforms, but rather are entrenched in an anti-globalization mindset shared by all sectors of society.This critical examination of the Korean government's inward FDI policies includes the experiences of around 50 CEOs of operating MNCs in Korea including various chambers of commerce and law firms. It also examines both perceptions and realities of the Korean market from in-depth interviews with over 50 foreign CEOs of MNCs operating in Korea, as well as a critical examination of Korea's current efforts to become a Northeast Asian business centre.This book will appeal to academics and postgraduate students of Asian studies and international business, the foreign business community (including existing and potential foreign investors to the Korean market) as well as government and policy makers.Trade Review'. . . will be of great interest both to scholars and students working in the areas of international business and globalization and to policy-makers seeking to promote inward investment.' -- Judith Cherry, Pacific Affairs'These two leading experts on the Korean economy explain in easy to understand detail the intricacies and concepts behind the Korean economic enigma.' -- Korea IT Times'Written by two leading experts on the internationalization of the Korean economy, this book is a "must read" for any business person contemplating establishing a business presence in Korea. The book contains a solid treatment of foreign direct investment theory, the history of foreign direct investment in Korea and its benefits. However, perhaps the most interesting and controversial aspect of this book is its underlying theme that if Korea is to truly benefit from its economic interaction with the wider global community, there needs to be a fundamental change of mindset by policy makers, business and the general public towards a more open, accepting and receptive attitude to foreign ideas, culture, businesses and products.' -- Bernard Bishop, Griffith University, AustraliaTable of ContentsContents: 1. Introduction 2. Foreign Direct Investment in Korea: Theoretical Considerations 3. The End of Korean Capitalism? 4. Korea’s Liberalization and Globalization 5. The Paradox of Korea’s Globalization 6. Conclusion Bibliography Index

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Book SynopsisThe US policy of supporting a democratic Taiwan while simultaneously engaging China is a delicate and complex balance, with outcomes critical to economic, security and strategic interests in Asia. At the same time, rising Taiwanese identity amid the emerging power of China continues to change the paradigm. The contributors to this volume explore the political and economic dimensions of this complicated and pressing issue. Whether the US-China relationship evolves as one of 'strategic partners' or 'strategic competitors' will significantly affect power relations between Washington, Beijing and Taipei. More generally, it will set the tone for peace, stability and prosperity in the Asia Pacific. Peter Chow examines the potential crisis, as well as mitigating influences, by investigating political, economic and security considerations affecting cross-Taiwan Strait relations. He presents broad coverage of recent changes of policy in Taiwan, China and the US, with special emphasis on the adjustments of American policy on Taiwanese identity amid its democratization. An overall evaluation of current US policies toward China based on 'realism' and 'idealism' illustrates the shifting US-China-Taiwan relations.This insightful treatment will be of great interest to students and scholars of international relations, political economy, foreign relations, Asian studies, political science and economics. Civic leaders and representatives of interest groups involved with US-China-Taiwan relations will find the volume of great value in their work.Trade Review'The book offers such significantly in-depth evidence of the tremendous complexities involved in PRC-ROC relations that scholars and policymakers alike will greatly appreciate its broader applicability to current comparative research on contemporary East Asia.' -- Lisa Fischler, East Asia Integration Studies'Professor Chow has put together an excellent collection of papers analyzing some of the most important political and economic issues in East Asia. The focus is on Taiwan, but several chapters deal separately with the United States, China, North Korea, Japan, and the EU. This is a very useful publication for those interested in contemporary East Asia.' -- Thomas J. Bellows, The University of Texas at San Antonio, US and Editor, American Journal of Chinese StudiesTable of ContentsContents: Foreword Michael Yahuda Preface PART I: INTRODUCTION 1. The Shifting Paradigm in US, China and Taiwan Relations: Causes and Implications for US Economic, Security and Strategic Interests Peter C.Y. Chow PART II: DEMOCRATIZATION IN TAIWAN AND ITS IMPACTS ON THE TRIANGULAR RELATIONS 2. China’s Incorporation of Taiwan: The Manipulation of Community Tensions Edward Friedman 3. Taiwan’s Party System, Coalition Politics and Cross-Strait Relations Tun-Jen Cheng and Yung-Ming Hsu 4. US Response to Rising Taiwanese Identity and China’s Emerging Power June Teufel Dreyer 5. Legislating the Cross-Strait Status Quo? China’s Anti-Secession Law, Taiwan’s Constitutional Reform and Referenda, and the United States’ Taiwan Relations Act Jacques deLisle 6. Taiwan’s Choices Nat Bellocchi PART III: ECONOMIC INTEGRATION AND SECURITY OF THE GLOBAL SUPPLY CHAINS 7. Growing East Asian Trade and Economic Integration: Implications for Economic Relations Across the Taiwan Strait Dan Ciuriak 8. Taiwan and East Asian Integration Tain-Jy Chen and Ying-Hua Ku 9. Prospects of a US–Taiwan Free Trade Agreement: The China Factor and Critical Assessments Frank S.T. Hsiao and Mei-Chu W. Hsiao 10. Taiwan’s FTA Bid: Process and Prospects from the Global IT Supply Chain Perspective Merritt T. Cooke PART IV: US STRATEGIC AND SECURITY INTERESTS IN ASIA 11. US Leadership in Asia in the Second Term of the Bush Administration and the Challenge of China’s Rise Robert Sutter 12. North Korea’s Nuclear Threat and its Impact on Taiwan’s Security Richard D. Fisher 13. Has There Been a Shift in Japanese Policy Toward China? Alexander K. Young 14. The Lifting of the EU Arms Embargo on China: An American Perspective Peter Brookes PART V: POSTSCRIPT 15. China’s Strategy: ‘Licking the US Without Firing a Shot’ Alexander K. Young Index

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Book SynopsisThis volume provides an important collection of recent papers on the macroeconomic effects of population ageing. The articles are focused into three categories which cover the main channels through which population ageing affects national living standards: productivity and growth; consumption and saving; and labour market and fiscal effects. The papers have been selected for their clear and valuable contributions to this field of study. The book will be an essential reference volume for academic and public sector economists, policy makers and demographers.Table of ContentsContents: Acknowledgements Introduction John Creedy and Ross Guest PART I PRODUCTIVITY AND GROWTH 1. Avner Ahituv (2001), ‘Be Fruitful or Multiply: On the Interplay Between Fertility and Economic Development’ 2. Gary S. Becker and Robert J. Barro (1988), ‘A Reformulation of the Economic Theory of Fertility’ 3. Gary S. Becker, Kevin M. Murphy and Robert Tamura (1990), ‘Human Capital, Fertility, and Economic Growth’ 4. Carl-Johan Dalgaard and Claus Thustrup Kreiner (2001), ‘Is Declining Productivity Inevitable?’ 5. David de la Croix and Matthias Doepke (2003), ‘Inequality and Growth: Why Differential Fertility Matters’ 6. Ronald Lee (2003), ‘The Demographic Transition: Three Centuries of Fundamental Change’ 7. Charles I. Jones (2002), ‘Sources of U.S. Economic Growth in a World of Ideas’ 8. David Lam (1989), ‘Population Growth, Age Structure, and Age-Specific Productivity: Does a Uniform Age Distribution Minimize Lifetime Wages?’ 9. Mehmet Serkan Tosun (2003), ‘Population Aging and Economic Growth: Political Economy and Open Economy Effects’ PART II CONSUMPTION AND SAVING 10. Alan J. Auerbach and Laurence J. Kotlikoff (1992), ‘The Impact of the Demographic Transition on Capital Formation’ 11. Robin Brooks (2003), ‘Population Aging and Global Capital Flows in a Parallel Universe’ 12. David M. Cutler, James M. Poterba, Louise M. Sheiner and Lawrence H. Summers (1990), ‘An Aging Society: Opportunity or Challenge?’ 13. Douglas W. Elmendorf and Louise M. Sheiner (2000), ‘Should America Save for its Old Age? Fiscal Policy, Population Aging, and National Saving’ 14. Ross S. Guest and Ian M. McDonald (2004), ‘Effect of World Fertility Scenarios on International Living Standards’ 15. W. Jos Jansen (2000), ‘International Capital Mobility: Evidence from Panel Data’ 16. Turalay Kenc and Serdar Sayan (2001), ‘Demographic Shock Transmission from Large to Small Countries: An Overlapping Generations CGE Analysis’ 17. David Miles (1999), ‘Modelling the Impact of Demographic Change Upon the Economy’ 18. David N. Weil (1999), ‘Population Growth, Dependency, and Consumption’ 19. Matthew Higgins (1998), ‘Demography, National Savings, and International Capital Flows’ 20. Allen C. Kelley and Robert M. Schmidt (1996), ‘Saving, Dependency and Development’ PART III LABOUR AND FISCAL EFFECTS OF POPULATION AGEING 21. James M. Poterba (2001), ‘Demographic Structure and Asset Returns’ 22. Willem H. Buiter (1997), ‘Generational Accounts, Aggregate Saving and Intergenerational Distribution’ 23. Jørgen Elmeskov (2004), ‘Aging, Public Budgets, and the Need for Policy Reform’ 24. Martin Flodén (2003), ‘Public Saving and Policy Coordination in Aging Economies’ 25. Ronald Lee and Ryan Edwards (2002), ‘The Fiscal Effects of Population Aging in the U.S.: Assessing the Uncertainties’ 26. Tetsuo Ono (2003), ‘Social Security Policy with Public Debt in an Aging Economy’ 27. Efraim Sadka and Vito Tanzi (2002), ‘Increasing Dependency Ratios, Pensions and Tax Smoothing’ 28. F. Landis MacKellar (2000), ‘The Predicament of Population Aging: A Review Essay’ 29. Robert K. von Weizsäcker (1996), ‘Distributive Implications of an Aging Society’ Name Index

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Book SynopsisWhat lies ahead for rural Africa, given a rapidly increasing population, climate change, poverty, inequality and projections of an increasing vulnerability to natural hazards and food shortages?Bringing together scholars in ecology, agriculture, economics, human geography and cultural anthropology, from Ethiopia, Ghana, Kenya, South Africa, Tanzania, Uganda, Germany, The Netherlands and the UK, this book focusses on social-ecological transformation and future-making in rural Africa, especially in areas of rapid land-use change following the establishment of development corridors, conservation areas, and large-scale infrastructure projects. In Africa, discussions on the way forward are particularly conflict-ridden because people do not agree about desirable goals, because the gap between winners and losers seems to be bigger than elsewhere, and because the struggle for desirable futures is embedded in a problematic history of foreign domination and exploitation. Focussing on eastern and southern Africa, topics examined range from the history of conservation initiatives and wildlife protection to visions of green development, from the gender implications of extreme climate events on pastoral economies to the use of information and communication technologies on farms and mobile money in geographically remote territories, from large-scale energy infrastructure projects and growth corridors to local ways of managing risk. The volume opens with reflections on African utopic registers of the future and conceptual decolonization in African futurity.Published in association with the Collaborative Research Centre FUTURE RURAL AFRICA, funded by the German Research Council (DFG).

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Book SynopsisInvestigates the production, trade and consumption of the bouquets sold in European supermarkets and the consequences of this for the globalised economy.From a macro-perspective, it appears that the cut flower industry has changed into a buyer-driven value chain with corporate retailers as the new lead firms. Yet, as this book shows, this is insufficient to explain how new trade relations come into being, and the consequences of this, not only for global economics, but for the producers, climate change and rural livelihoods. As the retailers and wholesalers of the flower industry in the West linked directly to producers in the Global South, trade relations changed fundamentally, and this critical new book explores the complexities of the power asymmetries and the way in which corporate retailers have shaped the market to promote their own interests, as well as the role non-economic actors played. This book examines in detail the situation at Lake Naivasha, Kenya, which has played a central part within this new market order. Since the 1970s, the area has developed into one of the most important production areas for the ready-made bouquets that sell so cheaply in European supermarkets. For the flower growers themselves, however, coping with the new conditions of supply and demand, the new market order has brought financial precariousness. Farms needed to be flexible in the production and marketing of their flowers. Yet while they were able to expand their production and achieve more stable employment conditions, this has not resulted in significantly higher remuneration. The rapidly changing economic situation has also had a profound impact, not only on local stakeholders, but on the environment, where there is intensified competition for resources and new production technologies.Published in association with the Collaborative Research Centre FUTURE RURAL AFRICA, funded by the German Research Council (DFG).

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Book SynopsisThis fascinating sequel to the 1998 Teaching Economics to Undergraduates provides more alternatives to the lecture and chalkboard approach that dominates university economics teaching. Distinguished contributing authors provide a wide range of innovative teaching techniques and examples aimed at more effectively engaging undergraduates in the learning of economics.New topics covered in this volume include game theory, using active learning techniques in large classes, a streamlined content agenda for macroeconomic principles, distance learning, and assessment of student learning. Other chapters revisit topics from the first volume, though often from different perspectives or with new approaches provided by different authors. Topics covered in these chapters include cooperative learning techniques, using technology in the classroom (including dozens of websites), bringing the work of the Nobel Laureates into undergraduate classes, and teaching with experimental economics, case studies, or team writing assignments and presentations. Teaching Economics is an invaluable and practical tool for teachers of economics, administrators responsible for undergraduate instruction and graduate students who are just beginning to teach. Each chapter includes specific teaching tips for classroom implementation and summary lists of dos and don'ts for instructors who are thinking of moving beyond the lecture method of traditional chalk and talk.Trade Review'This book is crammed with useful ideas which can be implemented in a variety of courses. . . This reviewer recommends the addition of TE to the bookshelf of anyone interested in incorporating active learning methods in the economics classroom, as well as those who have taken the plunge without the benefit of a similar volume.' -- Robert S. Gazzale, Journal of Economic Literature'This must sit alongside the previous volume as an essential source of teaching strategies for the thoughtful economist. Becker and Watts have succeeded again in providing a book which should push the profession forward in its thinking as well as its practice in teaching a new generation of economists.' -- Peter Davies, University of Staffordshire, UK and Co-Editor, International Review of Economics EducationAcclaim for Teaching Economics to Undergraduates:'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 adds 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 JournalTable of ContentsContents: Preface 1. Restoring Fun to Game Theory 2. Using Classroom Experiments to Teach Economics 3. The Evolution of Cooperative Learning and Economics Instruction 4. Using the Case Method in the Economics Classroom 5. Using Active Learning Techniques in Large Lecture Classes 6. The Macroeconomics Principles Course: What Should Be Done? 7. Using the Internet and Computer Technology to Teach Economics 8. Teaching and Learning Economics at a Distance 9. Team Term Papers and Presentations 10. Using the Nobel Laureates in Economics to Teach Quantitative Methods 11. Assessment of Student Learning in Economics Index

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Book SynopsisIt is widely recognised that many copyright issues are also economic issues. As a result the level of interest in the economics of copyright continues to grow. This carefully edited book presents a selection of the most important recent contributions to a wide range of economic topics on copyright. These include the copyright term, infringement issues, administration of copyright, incentives to artists and open source. There is relevance here for a wide readership, from teachers and students of economics, law, cultural and media studies to practitioners and policymakers.Trade Review‘. . . a refreshingly up-to-date collection of materials, focusing on the economics of even such recent phenomena as open source, as well as on some of the more well-trodden paths such as copyright term and infringement.’ -- IPKat.comTable of ContentsContents: Acknowledgements General Introduction Ruth Towse and Richard Watt PART I ECONOMIC ASPECTS OF THE COPYRIGHT TERM Introduction to Part I Ruth Towse and Richard Watt 1. George A. Akerlof, Kenneth J. Arrow, Timothy F. Bresnahan, James M. Buchanan, Ronald H. Coase, Linda R. Cohen, Milton Friedman, Jerry R. Green, Robert W. Hahn, Thomas W. Hazlett, C. Scott Hemphill, Robert E. Litan, Roger G. Noll, Richard Schmalensee, Steven Shavell, Hal R. Varian, and Richard J. Zeckhauser (2002), ‘Brief as Amici Curiae in Support of Petitioners’ 2. Stan J. Liebowitz and Stephen Margolis (2005), ‘Seventeen Famous Economists Weigh in on Copyright: The Role of Theory, Empirics and Network Effects’ 3. William M. Landes and Richard A. Posner (2003), ‘Indefinitely Renewable Copyright’ PART II ECONOMICS OF COPYING AND COPYRIGHT INFRINGEMENT Introduction to Part II Ruth Towse and Richard Watt 4. Justin P. Johnson and Michael Waldman (2005), ‘The Limits of Indirect Appropriability in Markets for Copiable Goods’ 5. Martin Peitz and Patrick Waelbroeck (2006), ‘Piracy of Digital Products: A Critical Review of the Theoretical Literature’ 6. Ivan P.L. Png (2006), ‘Copyright: A Plea for Empirical Research’ 7. Michele Boldrin and David Levine (2002), ‘The Case Against Intellectual Property’ PART III ISSUES IN COPYRIGHT ADMINISTRATION Introduction to Part III Ruth Towse and Richard Watt 8. William J. Baumol (2004), ‘The Socially Desirable Size of Copyright Fees’ 9. Arthur Snow and Richard Watt (2005), ‘Risk Sharing and the Distribution of Copyright Collective Income’ 10. Fabrice Rochelandet (2003), ‘Are Copyright Collecting Societies Efficient Organisations? An Evaluation of Collective Administration of Copyright in Europe’ PART IV COPYRIGHT AND INCENTIVES TO ARTISTS Introduction to Part IV Ruth Towse and Richard Watt 11. Amit Gayer and Oz Shy (2006), ‘Publishers, Artists and Copyright Enforcement’ 12. Ruth Towse (2006) ‘Copyright and Artists: A View From Cultural Economics’ PART V COPYRIGHT AND OPEN SOURCE Introduction to Part V Ruth Towse and Richard Watt 13. Josh Lerner and Jean Tirole (2005), ‘The Economics of Technology Sharing: Open Source and Beyond’ 14. Justin Pappas Johnson (2002), ‘Open Source Software: Private Provision of a Public Good’ Name Index

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Book SynopsisDespite increasing research efforts, there is still much confusion regarding the nature and contribution of the most intangible forms of capital. This book develops a comprehensive and unifying conception of intangible capital in order to understand its role with respect to economic growth, well-being, and rationality. As the book illustrates, utilizing the intangible capital concept enables many new and important economic insights. Intangible capital is defined to include standard human capital, noncognitive human capital (including personal capital), social capital, and other intangible manifestations of human capacity. Understanding intangible capital is a key to realizing the full human potential of our economic systems.Explaining how the main components of intangible capital contribute to economic growth, this book will be of great interest to social scientists in the fields of heterodox, behavioural and social economics, social capital, HRM, and economic and organizational change. It will also be of considerable value to government policymakers and business managers interested in the role and implications of intangible capital and intangible assets for productivity, growth and the performance of firms. Philosophers and psychologists, among others, should find the chapters dealing with intangible capital in relation to well-being and rationality of particular interest.Trade Review'Tomer provides a well-timed contribution to the discussion on the importance of the softer side of human capital, or the wetware connecting cognitive knowledge and physical inputs. The volume will appeal to those interested in heterodox economics, as well as those interested in exploring the overlap between economics, political science, philosophy, and psychology.' -- Carol A. Robbins, Eastern Economic Journal'Tomer extends and deepens his original formulation of intangible capital, providing an analytical framework for better understanding macro and microeconomic phenomenon and why and how society and individuals fall below potential. A key strength of Tomer's approach is that he broadens traditional economic analyses, demonstrating how both theory and one's insights into socio-economic reality can be enriched by integrating often difficult to formulize concepts into our modeling framework. Tomer provides us with a challenging and important contribution to economic analysis, enticing us to explore the important types of capital that have for too long been locked out of the economist's toolbox.' -- Morris Altman, University of Saskatchewan, CanadaTable of ContentsContents: PART I: INTANGIBLE CAPITAL 1. Introduction 2. Intangible Capital: A Comprehensive and Unifying View PART II: INTANGIBLE CAPITAL, ECONOMIC GROWTH AND CHANGE 3. The Contribution of Intangible Capital to Economic Growth: An Overview 4. Understanding High Performance Work Systems: The Contribution of Organizational Capital 5. The Impact of Organizational Capital on Economic Performance: Evidence from Netherlands-based Multinational Corporations Bart Eikelenboom 6. Personal Capital and Emotional Intelligence: An Increasingly Important Intangible Source of Economic Growth 7. Intangible Factors in the Eastern European Transition: A Socio-Economic Analysis PART III: INTANGIBLE CAPITAL, HUMAN WELL-BEING AND RATIONALITY 8. Human Well-Being: A New Approach that Considers the Overall Quality of People’s Lives 9. Addictions Are Not Rational: A Socio-economic Model of Addictive Behavior 10. True Preferences, Metapreferences, and Actual Preferences: A Socio-economic Model of Preference Formation 11. Beyond the Rationality of Economic Man, Toward the True Rationality of Human Man PART IV: IMPLICATIONS FOR GOVERNMENT POLICY AND THE DISCIPLINE OF ECONOMICS 12. Government Policy and Intangible Capital 13. Why We Need a Commitment Approach to Environmental Policy with Thomas R. Sadler 14. Economic Man versus Heterodox Men: The Concepts of Human Nature in Schools of Economic Thought PART V: SUMMING UP 15. Conclusion: Intangible Capital and the Human Potential of the Socio-economy Index

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Book SynopsisDiscussing Economics treats discussion - meaning formal consideration of questions about a reading - as a new approach to learning economics. Setting out a detailed approach modeled on the ideas of Mortimer Adler and the Great Books Foundation, the authors explain why instructors should organize discussion around interpretive questions, how to plan and lead discussion, and how to integrate it into a course. They then provide a guide to over 60 classic and contemporary readings that span much of the undergraduate economics curriculum. For each, they provide a synopsis, learning objectives, recommended questions, and discussion suggestions. The authors make the case for discussion as a productive, cost-effective pedagogy that provides students with the opportunity to improve their economic literacy. As students form and revise their interpretations, they use the concepts the authors used in ways that deepen their understanding, lengthen their retention and enable them to transfer their mastery to new contexts. An invaluable resource for undergraduate and high school economics instructors, this volume will also be a useful tool for economic educators and those interested in classic economic writings.Trade Review'Teaching economics is the most important job that economists do. Thus it is nice to see a book devoted to teaching written by two economists who have played an important role in advancing the teaching of economics throughout the profession.' -- David Colander, Journal of Economic MethodologyTable of ContentsContents: Preface 1. Why Discussion Part I: Preparing for and Leading Discussion 2. Interpretive Questions 3. Question Clusters 4. Leading Discussion 5. Discussion Modules Part II: Discussing Economic Principles 6. The Wealth of Nations 7. Triumph of Capitalism 8. Transition Economics Part III: Discussing Macroeconomics 9. Monetary Policy 10. Unemployment and Inflation 11. Economic Growth 12. Deficits Part IV: Discussing Microeconomics 13. Thinking About Markets 14. Incentives and Markets 15. Labor Economics 16. Income Distribution 17. Whither Economics? Part V: Discussing Financial Economics 18. The Evolution of Money 19. The Theory of Interest 20. International Financial Institutions References Part VI: Appendix Index

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Book SynopsisThe rate of economic growth in China over the last 50 years has been remarkable. However this has only highlighted the inequalities between regions in China, making for considerable disquiet at the highest levels of Chinese policy-making. Not everyone has benefited from the same levels of prosperity and this book examines the many and varied policy solutions and proposals that have been applied to this thorny problem. The authors find that the industrial core of China (the South East and the Changjiang and Yellow River regions) is reasonably well integrated but not well connected to the remainder of the country. Indeed, evidence suggests that development in coastal areas comes at the expense of that in the interior while much of the policy designed to boost the interior actually flows to the coastal provinces.This original analysis of the linkages between regions in China, and regional policy since 1949, will prove an invaluable and illuminating account to a wide readership. This will include academics and researchers of Chinese studies and regional economics as well as policy-makers in the region.Trade Review'The Chinese economy is far too huge and spatially complicated and diversified to be misinterpreted. The only feasible approach to analyzing it is, therefore, to divide it into smaller geographical elements through which one can have a better insight into the spatial mechanisms and regional characteristics. This book provides a quantitative examination of China's inter-regional economic linkages. It is an excellent step forward towards a better understanding of, and indeed an important methodological contribution to, the spatial growth of the Chinese economy. I think it is a must-read for scholars and policy-makers who care about China's regional economic issues, especially in the context of Chinese inter-regional economic linkages.' -- Rongxing Guo, The Regional Science Association of China, Beijing'National data for the performance of China's economy are inherently misleading. China remains a series of only partially integrated regional economies. A long-held assumption has been that if the coastal areas grow first, this will encourage growth in the more inland and less developed regions in their wake. Almost no research has been undertaken to investigate the economic relationships among these regions. Groenewold, Chen and Lee not only explicate these relationships, in the process they highlight the need for direct government intervention in order to ensure the growth of the interior, especially the most western regions.' -- David S.G. Goodman, University of Technology, Sydney, AustraliaTable of ContentsContents: Preface 1. Introduction 2. China’s Regions and Regional Disparities, 1953 to 2005 3. Regional Policy in China, 1953 to 2005 4. Literature Survey 5. An Analysis of Spillovers: A Three-Region Model 6. An Exploration of the Sensitivity of the Three-Region Results 7. Spillovers in a Model with Six Regions 8. Spillovers of Policy Shocks in China 9. Conclusions References Index

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Book SynopsisCriminal Law and Economics applies economic theory to explain crime, law enforcement, criminal law and criminal procedure. This pathbreaking book draws together sixteen chapters by leading scholars in the field, summarizing theoretical and empirical work researched to date on criminal law and economics. The topics range from private and public enforcement of the law, criminal procedure and regulation to terrorism, cyber crime and tax evasion. The expert contributors also cover the political economy of criminal law as well as behavioral criminal law and economics.This updated state-of-the-art reference book on criminal law will be an excellent tool for scholars and graduate students in law and economics.Trade Review'Addressing everything from the basic issues of the definition of crime and the nature of public and private enforcement of law to more specialized topics such as corruption, tax evasion, environmental crime, and terrorism, Criminal Law and Economics illustrates the power of economic analysis as a tool for analyzing and designing rules and institutions. With a list of superstar contributors that includes Polinsky, Shavell, McAdams, Ulen, and Garoupa, this volume will be a major resource for scholars and students who are interested in the latest research and thinking in the law and economics of crime.' -- John J. Donohue, Yale Law School, US and Co-editor of the American Law and Economics Review'Organized by one of the top scholars in the field, this volume offers up-to-date and comprehensive coverage of a vitally important subfield of law and economics. The authors offer insightful contributions with respect to theory (enforcement and procedure) and practice (such as environmental crime, cyber crime, and terrorism). Researchers and policymakers will want this volume on their shelves, and students of law and economics will find the readings to be invaluable.' -- Daniel Rubinfeld, University of California, Berkeley, USTable of ContentsContents: Introduction 1. Public Enforcement of Law A. Mitchell Polinsky and Steven Shavell 2. Private Enforcement of Law Reza Rajabiun 3. Criminal Law and Regulation Anthony Ogus 4. Criminal Law and Torts Antony Dnes 5. Criminal Procedure Thomas J. Miceli 6. Plea-Bargaining and Prosecution Oren Gazal-Ayal and Limor Riza 7. Political Economy of Criminal Procedure Keith N. Hylton and Vikramaditya S. Khanna 8. The Economics of Capital Punishment Joanna M. Shepherd 9. Corporate Crime Wallace P. Mullin and Christopher M. Snyder 10. Organized Crime Vimal Kumar and Stergios Skaperdas 11. Corruption Roger Bowles 12. Tax Evasion and Avoidance Luigi Alberto Franzoni 13. Environmental Crimes Michael Faure 14. Cyber Crime Mark A. Cohen 15. Terrorism Nuno Garoupa, Jonathan Klick and Francesco Parisi 16. Behavioral Criminal Law and Economics Richard H. McAdams and Thomas S. Ulen Index

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Book SynopsisThis book presents a detailed and critical account of the regulation approach in institutional and evolutionary economics. Offering both a theoretical commentary and a range of empirical examples, it identifies the successes and failures of the regulation approach as an explanatory theory, and proposes new guidelines for its further development. Although closely identified with heterodox French economists, there are several schools of regulation theory and the approach has also been linked to many topics across the social sciences. Bob Jessop and Ngai-Ling Sum provide detailed criticisms of the various schools of the regulation approach and their empirical application, and have developed new ways of integrating it into a more general critical exploration of contemporary capitalism. The authors go on to describe how the regulation approach can be further developed as a progressive research paradigm in political economy. Also presented is a detailed philosophical as well as theoretical critique of the regulation approach and its implications for the philosophy of social sciences and questions of historical analysis (especially periodization).Addressing the implications of the regulation approach for both the capitalist economy and the changing role of the state and governance, this book will be of great interest to a wide-ranging audience, including institutional and evolutionary economists, economic and political sociologists and social and political theorists.Trade Review'With this high theoretical work, Jessop and Sum offer a broad overview and critique of the regulation approach.' -- Emmanuelle Michotte, Sociology'Every now and then, a book comes along that you positively want to be asked to read and review, and this is one of them - a major work of scholarship in its own right, while at the same time, a ground-clearing exercise for what is to follow. . . . This, it should be emphasized, is a hugely impressive body of work, an expansive statement of Jessop's contribution as a major figure within the world of regulation approaches.' -- Ray Hudson, Economic GeographyTable of ContentsContents: Preface Introduction Part I: On the Regulation Approach 1. Early Regulation Approaches in Retrospect and Prospect 2. Fordism and Post-Fordism 3. Fordism, Post-Fordism and the Capitalist State Part II: Applications and Critical Appreciations of the RA 4. Neo-Conservative Regimes and the Transition to Post-Fordism 5. A Regulationist Re-reading of East Asian Newly Industrializing Economies: From Peripheral Fordism to Exportism 6. A Regulationist Perspective on the Asian ‘Crisis’ and After Part III: Developing the Regulation Approach 7. Regenerating the Regulation Approach 8. Bringing Governance into Capitalist Regulation 9. Rescaling Regulation and Governance in a Global Age Part IV: Moving Beyond the Regulation Approach 10. Critical Realism and the Regulation Approach: A Dialogue 11. Rethinking Periodization After Fordism 12. Gramsci as a Proto- and Post-Regulation Theorist Conclusion: Putting Capitalist Economies in their Place Bibliography Index

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Book SynopsisThis unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field. Law and economics emerged as a separate field of scholarship during the early 1960s, fueled by two seminal papers, one by Ronald Coase and one by Guido Calabresi. The ideas generated by scholars researching in the field have deeply influenced the major disciplines of economics and the law.These 16 essays (including three by Nobel Laureates in Economic Sciences) provide an impressive blend of differing experiences and varying perspectives, reflecting on the intellectual foundations of the field, its early struggles for recognition, and its remarkable advance during the last four decades of the twentieth century, and into the twenty-first. The essays clearly outline, and contribute new insights into, all of the central issues of this still vibrant research programme. A unifying theme of the book is the central importance attached by each scholar to scientific analysis, rather than to any particular ideology or dogma.This book provides an absorbing intellectual history of law and economics, and will be a fascinating read for academics and researchers with an interest in law and economics, the history of economic thought, public choice and public policy.Trade Review'This volume is very worthwhile to read for getting a much better understanding of the US origins of law and economics.' -- Wolfgang Kerber, Jahrbucher fur Nationalokonomie und Statistik'I recommend this book in the strongest terms to all scholars interested in the history of law and economics. . . for bringing together these essays and for attempting to place the field in historical perspective, the editors deserve our thanks. . . For insider perspectives on the evolution of the field, to get a sense for the different conceptions of what it means to do economics, to do law, and to do law and economics, the book makes for a most interesting read.' -- Steven G. Medema, Review of Austrian Economics'Scholars at all stages of their careers will be interested in seeing how the field of law and economics has developed over almost a half century - the topics that were of interest, the methodology used, the ways in which problems were defined, tackled, solved. This is a major contribution to the intellectual history of economics and of law and economics.' -- Donald N. Dewees, History of Political Economy'This book of specially commissioned, original papers, by two majorTable of ContentsContents: PART I: INTRODUCTORY ESSAYS 1. An Intellectual History of Law and Economics: 1739–2003 Charles K. Rowley 2. Methodological Debates in Law and Economics: The Changing Contours of a Discipline Francesco Parisi 3. The Fire of Truth: A Remembrance of Law and Economics at Chicago, 1932–1970 Edmund W. Kitch PART II: ESSAYS BY THE FOUNDING FATHERS 4. The Economics Way of Looking at Behavior Gary S. Becker 5. Cost, Choice, and Catallaxy: An Evaluation of Two Related but Divergent Virginia Paradigms James M. Buchanan 6. The Pointlessness of Pareto: Carrying Coase Further Guido Calabresi 7. The Relevance of Transaction Costs in the Economic Analysis of Law Ronald H. Coase 8. The Confluence of Justice and Efficiency in the Economic Analysis of Law Robert D. Cooter 9. Toward a Theory of Property Rights II: The Competition Between Private and Collective Ownership Harold Demsetz 10. The Economist in Spite of Himself Richard A. Epstein 11. The Art of Law and Economics: An Autobiographical Essay William M. Landes 12. How Law and Economics was Marketed in a Hostile World: A Very Personal History Henry G. Manne 13. The Law and Economics Movement: From Bentham to Becker Richard A. Posner 14. The Rise of Law and Economics: A Memoir of the Early Years George L. Priest 15. Why was the Common Law Efficient? Paul H. Rubin 16. Law Versus Morality as Regulators of Conduct Steven Shavell 17. Journeys Across the Divides Michael J. Trebilcock 18. The Case Against the Common Law Gordon Tullock 19. Why Law, Economics, and Organization? Oliver E. Williamson Index

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Book SynopsisDespite a wealth of efforts that examine separately the role entrepreneurs and universities play in economic development, no systematic effort has been made to examine the role universities play in promoting economic development through entrepreneurship. This book fills that gap, focusing on policy aspects of government-university partnerships with a discussion both of best practices and problematic strategies. The book begins by tracing the history of American government-university-industry partnerships that have promoted economic development. In succeeding chapters, well-known scholars focus on linkages in different domains such as: technology transfer, innovation networks, brain drain, cluster-based planning, and manufacturing. Practitioner commentaries follow many of the chapters in order to present an evaluation of the arguments from the perspective of someone directly involved in the fostering of these relationships.Non-technical and accessible in nature, the chapters summarize existing knowledge and research in order to help policymakers, foundations, university officials, business leaders and other stakeholders create and enhance partnerships between universities and governments that encourage economic development through entrepreneurship.Table of ContentsContents: Introduction Scott Shane 1. An Historical Perspective on Government-University Partnerships to Enhance Entrepreneurship and Economic Development Irwin Feller Commentary Richard Pogue 2. Government Policies to Encourage Economic Development through Entrepreneurship: The Case of Technology Transfer Scott Shane Commentary Casey Porto 3. Creating Innovation Networks Among Manufacturing Firms: How Effective Extension Programs Work Susan Helper and Marcus Stanley Commentary Daniel Luria 4. Investing in the MEMS Regional Innovation Networks and the Commercialization Infrastructure of Older Industrial States Michael Fogarty Commentary William Seelbach 5. Buying Ohioans Loyalty? How State Financial Aid Affects Brain Drain Eric Bettinger and Erin Riley Commentary Robert Sheehan 6. On SBA-Guaranteed Lending and Economic Growth Ben Craig, William Jackson and James Thomson Commentary Robert Strom 7. Smart Places for Smart People: Cluster-based Planning in the 21st Century Knowledge Economy Michael Luger Commentary Hunter Morrison 8. Regional Wealth Creation and the 21st Century: Women and 'Minorities' in the Tradition of Economic Strangers John Butler 9. Universities, Entrepreneurship and Public Policy: Lessons from Abroad Bo Carlsson References Index

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