{"title":"Macroeconomics Books","description":"","products":[{"product_id":"financial-assets-debt-and-liquidity-crises-a-keynesian-approach-9781107004931","title":"Financial Assets Debt and Liquidity Crises A","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007â9 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various mar\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of figures; List of tables; Notation; Preface; 1. Financial crises and the macroeconomy; Part I. The Nonlinear Dynamics of Credit and Debt Default: 2. Currency crises, credit crunches and large output loss; 3. Mortgage loans, debt default and the emergence of banking crises; 4. Debt deflation and the descent into economic depression; Part II. Theoretical Foundations for Structural Macroeconometric Model Building: 5. Keynesian macroeconometric model building: a point of departure; 6. Intensive form and steady state calculations; 7. Partial feedback structures and stability issues; Part III. Debt Crises: Firms, Banks and the Housing Markets: 8. Debt deflation: from low- to high-order macrosystems; 9. Debt default, bankruptcy of firms, and banks' performances; 10. Japan's institutional configuration and its financial crisis; 11. Housing investment cycles, workers' debt and debt default; Bibliography.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":47836687139159,"sku":"9781107004931","price":93.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781107004931.jpg?v=1710380819"},{"product_id":"is-capitalism-broken-9781786079176","title":"Is Capitalism Broken?","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e'We need to organise politically to defend the weak, empower the many and prepare the ground for reversing the absurdities of capitalism.'\u003c\/p\u003e  \u003cp\u003e– Yanis Varoufakis\u003c\/p\u003e  \u003cp\u003e'Capitalism over the past twenty-five years has been an incredible moral good.'\u003c\/p\u003e  \u003cp\u003e– David Brooks\u003c\/p\u003e  \u003cp\u003e\u003cstrong\u003eThe Munk debate on capitalism\u003c\/strong\u003e\u003c\/p\u003e  \u003cp\u003eThere is a growing belief that the capitalist system no longer works. Inequality is rampant. The environment is being destroyed for profits. In some western nations, life expectancy is even falling. Political power is wielded by wealthy elites and big business, not the people. But for proponents of capitalism, it is the engine of progress, not just making all of us materially better off, but helping to address everything from women’s rights to political freedoms. We seem to stand at a crossroads: do we need to fix the system as a matter of urgency, or would it be better to hold our nerve?\u003c\/p\u003e","brand":"Oneworld Publications","offers":[{"title":"Default Title","offer_id":47851253858647,"sku":"9781786079176","price":7.99,"currency_code":"GBP","in_stock":true}]},{"product_id":"the-enlightened-economy-britain-and-the-industrial-revolution-17001850-9780140278170","title":"The Enlightened Economy Britain and the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eWhy did Western countries become so much wealthier than the rest of the world? What explains the huge rise in incomes during the Industrial Revolution - and why did Britain lead the way?\u003cbr\u003e\u003cbr\u003eIn the years between the Glorious Revolution and the Great Exhibition, the British economy was transformed. Joel Mokyr''s landmark history offers a wholly new perspective for understanding Britain''s extraordinary rise during the Industrial Revolution, showing how intellectual, rather than material, forces were the driving force behind it. While empire, trade, resources and other factors all played a part, above all it was the creative ferment of the Enlightenment - with its belief in progress and scientific advancement - that affected the economic behaviour of thinkers, inventors, entrepreneurs and artisans, taking Britain into the modern era.\u003cbr\u003e\u003cbr\u003eLinking ideas and beliefs to the heart of modern economic growth, \u003ci\u003eThe Enlightened Economy\u003c\/i\u003e will transform the way we view the Industrial \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eHe buttresses his argument with deep knowledge of the times and massive scholarship. Everyone interested in history should read this great work. -- George A. Akerlof * University of California at Berkeley *\u003cbr\u003eA great economic historian gives us a sweeping perspective on a pivotal period of history: Britain during the Industrial Revolution. Tracing a long series of economic innovations and political reforms back to the ideas of the Enlightenment, Joel Mokyr shows us the foundations of the modern world. -- Roger B. Myerson * University of Chicago *\u003cbr\u003eMokyr utilises deep knowledge of technological and industrial history, often narrated at the level of the individual inventor, thinker, factory owner or craftsman...[He] narrates brilliantly a rich story of modern economic growth.... Mokyr has made a deeply impressive contribution. -- David Greasley * BBC History *\u003cbr\u003eThis is a large, learned and challenging book ... [which] anyone interested in history and the current economy needs to read -- Maxine Berg * TLS *\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732353397079,"sku":"9780140278170","price":18.7,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780140278170.jpg?v=1719996531"},{"product_id":"skin-in-the-game-9780141982656","title":"Skin in the Game","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA thinker for uncertain times. . . If you want to better understand populism, Trump, Brexit and the anti-establishment backlash then Taleb, of no party or clique, is your man -- Josh Glancy * Sunday Times *\u003cbr\u003eA great iconoclast. . . Taleb, a Wall Street trader turned essayist, is a thinker touched by genius. . . The big picture he presents is powerfully argued and offers myriad policy implications -- Matthew Syed * The Times *\u003cbr\u003eThe most prophetic voice of all . . . Taleb is a genuinely significant philosopher . . . someone who is able to change the way we view the structure of the world through the strength, originality and veracity of his ideas alone -- John Gray * GQ *\u003cbr\u003eNassim Nicholas Taleb is the Richard Wagner of uncertainty. While the Ring Cycle of the German composer\/librettist portrayed the struggle of the gods in a series of operas, the Incerto series of books by the Lebanese-American author is devoted to humans -- specifically how we deal with the endemic risk in our all-too-finite existence -- Dominic Lawson * Sunday Times *\u003cbr\u003eAs always with Taleb, this is a fascinating set of ideas. And he's right. People with skin in the game learn how the game works. Without it, they don't -- William Leith * Evening Standard *\u003cbr\u003eThe author of \u003ci\u003eThe Black Swan\u003c\/i\u003e is back with a simple warning: don't buy what your neighbour is selling unless he owns some too. The obvious application for this is investing, but Taleb has a much broader domain. In a kind of philosophical \u003ci\u003eFreakonomics\u003c\/i\u003e, he takes us from 5th-century wandering monks (banned by the church because they were too free) to Donald Trump (his imperfections showed he had skin in the game) -- Rosamund Urwin * Sunday Times Books of the Year *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732501770583,"sku":"9780141982656","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141982656.jpg?v=1719997164"},{"product_id":"people-power-and-profits-9780141990781","title":"People Power and Profits","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eFrom Nobel Prize-winning economist and bestselling author Joseph Stiglitz, this account of the dangers of free market fundamentalism reveals what has gone so wrong, but also shows us a way out.\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003eWe all have the sense that our economy tilts toward big business, but as Joseph E. Stiglitz explains in \u003ci\u003ePeople, Power and Profits\u003c\/i\u003e,  a few corporations have come to dominate entire sectors, contributing  to skyrocketing inequality and slow growth. This is how the financial  industry has managed to write its own regulations, tech companies have  accumulated reams of personal data with little oversight, and government  has negotiated trade deals that fail to represent the best interests of  workers. Too many have made their wealth through exploitation of others  rather than through wealth creation. If something isn''t done, new  technologies may make matters worse, increasing inequality and  unemployment.\u003cbr\u003e\u003cbr\u003eStiglitz identifies the true sources of wealth and  increases i\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis eminent economist provides an authoritative defence of government intervention using mainstream economics and a justification for how to build a fairer society without sacrificing growth -- Gavin Jacobson * Financial Times *\u003cbr\u003eHis conclusions are bleak, his prescriptions radical -- Gerard Baker * The Times *\u003cbr\u003e\u003ci\u003ePeople, Power, and Profits\u003c\/i\u003e builds on Stiglitz's earlier work and adds some pretty big ambitions -- Daniel W. Drezner * The New York Times *\u003cbr\u003eUrgent ... Unless rising inequality caused by mismanaged globalization, financial liberalization, and destabilizing technological change is addressed, Stiglitz argues, nostrum-peddling demagoguery will find a receptive audience * New Yorker *\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732512518487,"sku":"9780141990781","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141990781.jpg?v=1719997209"},{"product_id":"the-premonition-9780141996578","title":"The Premonition","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTHE \u003ci\u003eSUNDAY TIMES\u003c\/i\u003e AND \u003ci\u003eNEW YORK TIMES\u003c\/i\u003e BESTSELLER\u003c\/b\u003e\u003cbr\u003e \u003cb\u003e\u003cbr\u003e ''Superb ... It is tremendous fun, tremendously told'' \u003ci\u003eThe Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cb\u003e\u003cbr\u003e ''A fluid intellectual thriller'' \u003ci\u003eDaily Telegraph\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cb\u003e\u003cbr\u003e From the global bestselling author of \u003ci\u003eThe Big Short\u003c\/i\u003e, the gripping story of the maverick scientists who hunted down Covid-19\u003cbr\u003e \u003c\/b\u003e\u003cbr\u003e \u003ci\u003e''It''s a foreboding,'' she said. ''A knowing that something is looming around the corner. Like how when the seasons change you can smell Fall in the air right before the leaves change and the wind turns cold.''\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e In January 2020, as people started dying from a new virus in Wuhan, China, few really understood the magnitude of what was happening. Except, that is, a small group of scientific misfits who in their different ways had been obsessed all their lives with how viruses spread and replicated - and with why the governments and the institutions that were supposed to look after us, kept making the same mistakes time and again.\u003cbr\u003e\u003cbr\u003e This group saw what nobody else did. A pandemic was coming. We weren''t prepared.\u003cbr\u003e\u003cbr\u003e \u003ci\u003eThe Premonition\u003c\/i\u003e is the extraordinary story of a group who anticipated, traced and hunted the coronavirus; who understood the need to think differently, to learn from history, to question everything; and to do all of this fast, in order to act, to save lives, communities, society itself. It''s a story about the workings of the human mind; about the failures and triumphs of human judgement and imagination. It''s the story of how we got to now.\u003cbr\u003e \u003cb\u003e\u003cbr\u003e ''Lewis is a master of his form'' \u003ci\u003eSunday Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eWhen the stories of our times are told, there will be no more seminal documents than the books of Michael Lewis.\u003c\/b\u003e * Guardian *\u003cbr\u003e\u003cb\u003eHe is so good everyone else may as well pack up.\u003c\/b\u003e * Evening Standard *\u003cbr\u003eMichael Lewis is one of the premier chroniclers of our age. * Huffington Post *\u003cbr\u003e\u003cb\u003eSuperb ... It is tremendous fun, tremendously told.\u003c\/b\u003e There is a lot to take from it - about the inertia of the US civil service, about the \"malignant obedience\" of middle managers, about how people fearful of the pandemic were treated with the \"wary indulgence of the sane in the presence of the fanatic\" ... Among those truths, in a familiar lesson for much of the world this year, is the danger of hubris. -- Tom Whipple * The Times *\u003cbr\u003e\u003cb\u003eA gripping story\u003c\/b\u003e ... This is a book about some brave, curious people who tried hard to swim against the tide. As always in a Lewis book they are brought vividly alive ... \u003cb\u003eLewis is a master of his form. \u003c\/b\u003e -- Christina Patterson * The Sunday Times *\u003cbr\u003e\u003cb\u003eA fluid intellectual thriller\u003c\/b\u003e ... As always with Lewis, the book is full of fascinating facts and personal angles. -- Steven Poole * Daily Telegraph Books of the Year 2021 *\u003cbr\u003e[Reading \u003ci\u003eThe Premonition\u003c\/i\u003e] we see a disturbing common trait emerging in our country and others: the unwillingness to prioritise people's lives over ideas and ingrained structures. -- Kazuo Ishiguro * Observer Books of the Year 2021 *\u003cbr\u003eIt is hard to think of a writer who has had more success than Michael Lewis at turning forbiddingly complex situations into \u003cb\u003epropulsive\u003c\/b\u003e nonfiction narratives ... \u003cb\u003eWithout his ever having to spell it out, Lewis's message comes across very powerfully\u003c\/b\u003e: the US government, in its institutional dysfunction, is in danger of abandoning its citizens to a private sector that is even less equipped to deal with large-scale disasters such as Covid. -- Mark O’Connell * The Guardian *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732516254039,"sku":"9780141996578","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141996578.jpg?v=1719997229"},{"product_id":"macroeconomics-9780192893574","title":"Macroeconomics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis text provides a comprehensive analysis of contemporary macroeconomics, within a European and global context. The authors balance the theoretical aspects with up-to-date policy examples throughout, allowing the reader to relate the concepts to their own economic environment.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eBurda and Wyplosz have done a marvelous job for this eighth edition by further tweaking what has long since been an outstanding foundational book in macroeconomics. Macroeconomics: A European Text is superb in striking the right balance between theory and evidence and it remains peerless in integrating open economy aspects to the macroeconomics curriculum. The book continuous to be the go-to book for equipping undergraduate students with the thinking tools needed for understanding modern macroeconomics. * Mark Weder, Professor of Economics, Aarhus University *\u003cbr\u003eAn excellent introduction to macroeconomics. It explains advanced concepts in easily understood models and language, with applications to real-world problems that helps students grow into mature economists. Many of Europe's economic challenges are different from those of the United States and other advanced countries, because of its unique nature of a large market made up of several smaller entities that have discretion over many aspects of economic management. It is most welcome to find a book that addresses these issues within a rigorous, yet approachable framework, that can help the reader engage in a well-informed discourse about our future. * Sir Christopher Pissarides, Regius Professor of Economics, London School of Economics *\u003cbr\u003eThis is a superb and engaging macroeconomics text for those interested in Europe. It contains plenty of theory, empirics and case studies with excellent sections on income distribution and the global financial crisis. To be recommended strongly for those who want to teach macroeconomics for the real world. * Rick Van der Ploeg ,Professor of Economics, Oxford University *","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732611903831,"sku":"9780192893574","price":58.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780192893574.jpg?v=1719997647"},{"product_id":"foundations-of-modern-macroeconomics-9780198784135","title":"Foundations of Modern Macroeconomics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe study of macroeconomics can seem a daunting project. The field is complex and sometimes poorly defined and there are a variety of competing approaches. It is easy for the senior bachelor and starting master student to get lost in the forest of macroeconomics and the mathematics it uses extensively. Foundations of Modern Macroeconomics is a guide book for the interested and ambitious student. Non-partisan in its approach, it deals with all the major topics, summarising the important approaches and providing the reader with a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list. Using nothing more than undergraduate mathematical skills, it takes the student from basic IS-LM style macro models to the state of the art literature on Dynamic Stochastic General Equilibrium, explaining the mathematical tricks used where they are first introduced. Fully \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eReview from previous edition This book will be an extremely valuable addition to the reading list for core graduate macroeconomics courses. It provides a fair and balanced account of the different schools of macroeconomic thought and the current state of the discipline. A large number of topics are treated; the sections which cover technical material are particularly praiseworthy. The authors convey a sense of enthusiasm about the subject and show that macroeconomics can, indeed, be exciting * Professor John Fender, University of Birmingham *\u003cbr\u003eThis is a good addition to the textbook market. The coverage of topics is comprehensive and it takes students from an intermediate to graduate level with commendable ease * Shaun Hargreaves Heap, University of East Anglia *\u003cbr\u003eA remarkably clear and coherent presentation of nearly all the analytical and conceptual tools one needs to be a good macroeconomist, from the short run to the long run, from simple to more complex models, from the closed to the open economy. An impressive tour de force. * Olivier Blanchard, Robert Solow Professor of Economics, Emeritus, MIT; Fred Bergsten Senior Fellow, Peterson Institute for International Economics *\u003cbr\u003eThis wonderful book provides a balanced and accessible account of modern macroeconomic theory. Both neoclassical and New Keynesian theories are presented in a consistent framework. Graduate students as well as advanced undergraduate students will find it an invaluable source of information. * Dirk Krueger, Professor, Department of Economics, University of Pennsylvania *\u003cbr\u003eThis textbook fills a much needed gap between standard intermediate macro textbooks and the more advanced ones used in Ph.D training. It takes the student by the hand to lift them out of IS-LM and introduce them gently to the tools used in todays macroeconomic research. * Professor David de la Croix, Professor of Economics, Université catholique de Louvain *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eINTERMEDIATE MACROECONOMICS; TOWARDS ADVANCED MACROECONOMICS; STOCHASTIC GENERAL EQUILIBRIUM MACROECONOMICS; MATHEMATICAL APPENDIX","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732782559575,"sku":"9780198784135","price":65.55,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780198784135.jpg?v=1719998376"},{"product_id":"macroeconomics-9780198838661","title":"Macroeconomics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eCarlin and Soskice connect students with contemporary research and policy in macroeconomics. The authors' 3-equation model - extended to include the financial system and with an integrated treatment of inequality - equips students with a method they can apply to the enduring challenges stirred by the financial crisis and the Great Recession.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis enlightening book is a wonderful guide to the key topics of macroeconomics: inflation, monetary policy, including at the zero lower bound, growth and innovation, inequality, exchange rates and more. Very closely connected to the real world, Carlin and Soskice's book brings a wealth of data and historical examples into the discussion in a very pedagogical way. It covers extremely well the links between risk taking, financial cycles and crises which are at the heart of our modern economies. It has also an essential and very timely chapter on commodity price shocks. This is what macroeconomics is about: first order questions, affecting the lives of billions of people, clear modelling and rigorous thinking informed by data and history. Very exciting! * Hélène Rey, Professor of Economics, London Business School *\u003cbr\u003eThis wonderful textbook achieves a rare feat: the material is consistent with work at the current research frontier but nevertheless remains highly accessible. I first learned macroeconomics from an earlier volume of this textbook, when I was an undergraduate student twenty years ago. Now as then the core of the book is its simple 3-equation model for studying business cycles and stabilization policy. But this latest volume also takes on board many of the key developments over the last two decades. Specifically, this is the first textbook to integrate the lessons of the exploding literature on heterogeneous-agent macroeconomics and of the new HANK models. As Carlin and Soskice write: \"it's time for 'inequality' to have a place in the title of a macroeconomics textbook\" - I couldn't agree more! * Benjamin Moll, Professor of Economics, London School of Economics *\u003cbr\u003eBeautifully written and rich in data and historical examples, 'Macroeconomics' sets out the building blocks of macroeconomic modelling and guides readers to the frontier of the discipline. The book underscores the crucial role played by institutions, inequality and innovation in contemporary economies. Once you start reading it, you cannot stop it! * Silvana Tenreyro, Professor of Economics, Department of Economics, London School of Economics and External Member of the Monetary Policy Committee, Bank of England *\u003cbr\u003eCarlin and Soskice have written a masterful treatise on modern macroeconomics. The authors bring to life the fundamental importance of balance for the healthy functioning of an economy - not only the balance between supply and demand, but also in terms of equitable distribution of income. They carefully walk us through when finance is useful, and when its excesses can be harmful for the economy. Most importantly, the authors explain why institutions, i.e. the manner in which a society chooses to govern itself, are central to how far an economy prospers. * Atif Mian, Professor of Economics, Princeton University, Co-author of 'House of Debt' (2014, The University of Chicago Press) *\u003cbr\u003eWendy Carlin and David Soskice have once more achieved a pedagogical tour de force, bringing frontier research to the undergraduate level. The increased focus on inequality, its sources and its implications, is a particularly welcome addition. * Olivier Blanchard, formerly Chief Economist, IMF, Professor of Economics, MIT, Senior Fellow, Peterson Institute *\u003cbr\u003eThis remarkable new macroeconomics text brings upper-level undergraduates to the frontier of research and policy. The exposition is at the same time accessible, engaging, and relevant to current concerns about the broad consequences of policies -- intended and unintended. The book's attention to historical and institutional context, as well as its treatment of innovation and technical change, set it apart from other textbooks at this level. * Maurice Obstfeld, Professor of Economics, University of California Berkeley, Co-author of 'Foundations of International Macroeconomics' (1996, MIT Press) *\u003cbr\u003eAusterity, financial crises, quantitative easing, artificial intelligence: this book has it all. A macroeconomics text that explains the data and logic that policymakers really do use. Read this book and understand the world. * Jonathan Haskel, Professor of Economics, Imperial College London and External Member of the Bank of England's Monetary Policy Committee *\u003cbr\u003eThis is the only undergraduate macroeconomics textbook that weaves a serious treatment of inequality into a core three-equation model, and, at the same time, it also includes an unparalleled introduction to incorporating the financial system in this framework. As such, it marks a serious departure from most macroeconomics textbooks, which tend to relegate distribution and finance to the secondary status of extensions or special topics. The accompanying simulation tool also makes the book exceptionally classroom friendly, not only by providing instructors a visual way to summarize comparative statics, but also by giving students a tool with which they can independently explore extensions of classroom discussions. * Leila E. Davis, Associate Professor of Economics, University of Massachusetts Boston *\u003cbr\u003eEconomics students want to understand the world we live in, and no other macroeconomics textbook satisfies this desire to engage with the world's most significant issues quite like Carlin and Soskice. With its intuitive, tractable, and realistic approach, their textbook equips students to easily comprehend even the most complex macroeconomic concepts and their relationship to real-world problems like inequality and economic shocks. The 3-equation model helps students grasp how economic shocks affect the economy, while the new book's analysis of inequality gives a more thorough understanding of how policy responses can impact people's lives. The book equips the next generation of economics graduates to make a meaningful impact in the world.    The new book also links to the CORE Econ Project, enabling programme leaders to create a more integrated curriculum in macroeconomics across years. * Stefania Paredes Fuentes, Associate Professor, University of Warwick *\u003cbr\u003eThe coverage on environmental and social sustainability of production is much appreciated. * Christina Wolf, Senior Lecturer in Economics, University of Hertfordshire *\u003cbr\u003eEmployers value graduates comfortable to deal with real world issues, using appropriate theory and data skills. Using this textbook will be an ideal way to foster such a graduate. * Marco Gundermann, Head of Economics, International Relations and Development, University of Northampton *\u003cbr\u003eCarlin and Soskice offer a clear, balanced, engaging, and forward-looking perspective on a wide range of topics, from short-term monetary policy to growth \u0026amp; innovation. Students will appreciate the authors' crystal-clear exposition, along with the careful balance of technical detail and intuitive real-world examples presented. * Ceri Davies, Associate Professor in Economics, University of Birmingham *\u003cbr\u003eThe book's development and applications of the 3-equation model make it easy to introduce students to more advanced theoretical ideas and current policy issues. It is straightforward to pick chunks of the book and incorporate other material. Resources provided to instructors and students are very helpful. * Jennifer Smith, Associate Professor of Economics, University of Warwick *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction Part 1: Basics: Demand Side, Supply Side, and Policy Maker 1: The demand side 2: The supply side 3: The 3-equation model and macroeconomic policy 4: Expectations and monetary policy Part 2: Money, Banking, Monetary and Fiscal Policy 5: Money, banking, and the macro-economy 6: Monetary policy 7: Fiscal policy Part 3: Financial Instability in the Macroeconomy 8: Sources of financial sector instability 9: Financial sector risk and the global financial crisis: Applying the models 10: Financial stability policy Part 4: Open Economy Macroeconomics 11: The 3-equation model in the open economy 12: The open economy: The demand and supply sides 13: Open economy extensions I: Oil shocks, imbalances, and interdependence 14: Open economy extensions II: Fixed exchange rates and the Eurozone Part 5: The Supply Side, Technology, and Growth 15: Supply-side institutions, policies, and performance 17: Growth and innovation 18: The ICT revolution, productivity puzzle, and political economy of uneven growth Part 6: Macroeconomics With Inequality 18: Heterogeneous agent macroeconomics: Origins, progress, and challenges","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732806578519,"sku":"9780198838661","price":55.09,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780198838661.jpg?v=1719998479"},{"product_id":"contours-of-the-world-economy-12030-ad-9780199227204","title":"Contours of the World Economy 12030 AD","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind. Encompassing 2000 years of history, part 1 begins with the Roman Empire and explores the key factors that have influenced economic development in Africa, Asia, the Americas and Europe. Part 2 covers the development of macroeconomic tools of analysis from the 17th century to the present. Part 3 looks to the future and considers what the shape of the world economy might be in 2030. Combining both the close quantitative analysis for which Professor Maddison is famous with a more qualitative approach that takes into account the complexity of the forces at work, this book provides students and all interested readers with a totally fascinating overview of world economic history. Professor Maddison has the unique ability to synthesise vast amounts of information into a clear narrative flow that entertains as well as informs, making this text an invaluable resource for all students and scholars, and anyone interested in trying to understand why some parts of the World are so much richer than others.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003ePacked with historical detail and infectiously written. * Australian Economic History Review *\u003cbr\u003eAngus Maddison's life work... his heroic reconstruction of economic and demographic time series for countries and regions over the past two millenia of world history. * G. McN., PDR. *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction and Summary ; PART I CONTOURS OF WORLD DEVELOPMENT, 1-2003 AD ; 1. The Roman Empire and its Economy ; 2. The Resurrection of the West and the Transformation of the Americas ; 3. Interaction between Asia and the West, 1500-2030 ; 4. The Impact of Islam and Europe on African Development, 1-2003 A D ; PART II ADVANCES IN MACRO-MEASUREMENT SINCE 1665 ; 5. Political Arithmeticians and Historical Demographers: The Pioneers of Macro-measurement ; 6. Modern Macro-measurement: How Far Have We Come? ; PART III THE SHAPE OF THINGS TO COME ; 7. The World Economy in 2030 ; Statistical Appendix A ; Statistical Appendix B","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732836331863,"sku":"9780199227204","price":50.35,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780199227204.jpg?v=1719998606"},{"product_id":"austerity-9780199389445","title":"Austerity","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eSelected as a Financial Times Best Book of 2013Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eexcellent... timely... illuminating * Political Studies Review, Liam Stanley *\u003cbr\u003eA must-read * ACEMAXX-ANALYTICS *\u003cbr\u003eOne of the especially good things in Mark Blyth's Austerity: The History of a Dangerous Idea is the way he traces the rise and fall of the idea of 'expansionary austerity', the proposition that cutting spending would actually lead to higher output. As Blyth documents, this idea 'spread like wildfire.' * Paul Krugman, The New York Review of Books *\u003cbr\u003eAn important polemic... valid and compelling. * Lawrence Summers, Financial Times *\u003cbr\u003eMark Blyth has written a clever, well-argued book that we should all read. * The Friend *\u003cbr\u003eEssential reading... The economy is much too important to leave to economists. We need to understand how ideas shape it, and Blyth's new book provides an excellent starting point. * Washington Monthly *\u003cbr\u003eSplendid new book. * Martin Wolf, Financial Times *\u003cbr\u003eAusterity is an economic policy strategy, but is also an ideology and an approach to economic management freighted with politics. In this book Mark Blyth uncovers these successive strata. In doing so he wields his spade in a way that shows no patience for fools and foolishness. * Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science University of California, Berkeley *\u003cbr\u003eOf all the zombie ideas that have been reanimated in the wake of the global financial crisis, austerity is the most dangerous. Mark Blyth shows how austerity created the disasters of the 1930s, and contributed to the descent of the world into global war. He shows how European austerity policies have prevented any recovery from the crisis of 2009, while rescuing and protecting the banks and financial institutions that created the crisis. An essential guide for anyone who wants to understand the current depression. * John Quiggin, author of Zombie Economics *\u003cbr\u003eMost fascinating is the author's discussion of the historical underpinnings of austerity, first formulated by Enlightenment thinkers Locke, Hume and Adam Smith, around the (good) idea of parsimony and the (bad) idea of debt. Ultimately, writes Blyth, austerity is a 'zombie economic idea because it has been disproven time and again, but it just keeps coming. A clear explanation of a complicated, and severely flawed, idea. * Kirkus Reviews *\u003cbr\u003eInformed, passionate. * Dissent Magazine *\u003cbr\u003eMark Blyth's fascinating analysis guides the reader through 'the historical ideology which has classified debt as problematic.' In doing so he outlines the relevance of century-old debates between the advocates and opponents of laissez faire, and explains why, after a brief reemergence in 2008-09, and despite the lack of evidence supporting austerity, the world turned its back on Keynesian policies. * Robert Skidelsky, author of Keynes: The Return of the Master *\u003cbr\u003eAmong all the calamities spawned by the global financial crisis, none was as easily avoidable as the idea that austerity policies were the only way out. In this feisty book, noted political scientist Mark Blyth covers new territory by recounting the intellectual history of this failed idea and how it came to exert a hold on the imagination of economists and politicians. It is an indication of the sorry state of macroeconomics that it takes a political scientist to expose so thoroughly one of the economics profession's most dangerous delusions. * Dani Rodrik, Rafiq Hariri Professor of International Political Economy, The John F. Kennedy School of Government, Harvard University *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface ; Austerity, a Personal History  ; 1 A Primer on Austerity, Debt, and Morality Plays ; Part One Why We All Need to Be Austere ; 2 America: Too Big to Fail? ; Bankers, Bailouts, and Blaming the State ; 3 Europe-Too Big to Bail ; The Politics of Permanent Austerity ; Part Two Austerity's Twin Histories ; Introduction to Chapters 4, 5, and 6 ; Austerity's Intellectual and Natural Histories ; 4 The Intellectual History of a Dangerous Idea, 1692-1942 ; 5 The Intellectual History of a Dangerous Idea, 1942-2012 ; 6 Austerity's Natural History, 1914-2012 ; Part Three Conclusion ; 7 The End of Banking, New Tales, and a Taxing ; Time Ahead ; Notes ; Index","brand":"Oxford University Press Inc","offers":[{"title":"Default Title","offer_id":48732842230103,"sku":"9780199389445","price":16.45,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780199389445.jpg?v=1719998630"},{"product_id":"the-globalization-paradox-why-global-markets-states-and-democracy-cant-coexist-9780199652525","title":"The Globalization Paradox Why Global Markets","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eFor a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik''s argument is a fundamental ''trilemma'': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eReview from previous edition This book takes on the biggest issue of our time - globalization - and eloquently enlarges the debate about the extent and limits of global cooperation * Gordon Brown, MP *\u003cbr\u003eIn this powerfully argued book, Dani Rodrik makes the case for country-specific paths to economic development and saner, more sustainable forms of growth. A provocative look at the excesses of hyper-globalization, The Globalization Paradox should be required reading for those who seek to prevent the financial crises and unfair trade practices that feed the backlash against open markets * Nouriel Roubini, co-author of Crisis Economics: A Crash Course in the Future of Finance *\u003cbr\u003eDani Rodrik may be globalization's most prominent - and most thoughtful - gadfly. In The Globalization Paradox, he wonders aloud whether extreme globalization undermines democracy - and vice-versa. Read it and you'll wonder, too * Alan S. Blinder, former Vice Chairman of the Board of Governors of the U.S. Federal Reserve *\u003cbr\u003eHis excellent new book is a sequel to an earlier book about the often disruptive impact of international trade on national labor markets and social policies. The new book develops and extends this theme to include financial globalization... Rodrik concludes by considering how the world economy might be reformed * Robert Rowthorn, Finance and Development *\u003cbr\u003eHis message is nuanced and rigorous, drawing on history, logic and the latest economic data, he manages to convey it in simple, powerful prose tht any reader can follow * Steven Pearlstein, The Washington Post *\u003cbr\u003eSimply the best recent treatment of the globalization dilemma. . . he gives us nothing less than a general theory of globalization, development, democracy, and the state. The book provides the pleasure of following a thoughtful, critical mind working through a complex puzzle. Rodrik writes in highly friendly and nontechnical prose, blending a wide-ranging knowledge of economic history and politics and a gentle, occasionally incredulous, skepticism about the narrow and distorting lens of his fellow economists * Robert Kuttner, The American Prospect *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction: Recasting Globalization's Narrative ; 1. Of States and Markets: Globalization in History's Mirror ; 2. The Rise and Fall of the First Great Globalization ; 3. Why Doesn't Everyone Get the Case for Free Trade? ; 4. Bretton Woods, GATT, and the WTO: Trade in a Politicized World ; 5. Financial Globalization Follies ; 6. The Foxes and Hedgehogs of Finance ; 7. Poor Countries in a Rich World ; 8. Trade Fundamentalism in the Tropics ; 9. The Political Trilemma of the World Economy ; 10. Is Global Governance Feasible? Is It Desirable? ; 11. Designing Capitalism ; 12. A Sane Globalization ; Afterword: A Bedtime Story for Grown-ups","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732876341591,"sku":"9780199652525","price":12.34,"currency_code":"GBP","in_stock":true}]},{"product_id":"macroeconomics-institutions-instability-and-the-financial-system-by-carlin-wendy-soskice-david-9780199655793","title":"Macroeconomics Institutions Instability and the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eCarlin and Soskice integrate the financial system with a model of the macro-economy. In doing this, they take account of the gaps in the mainstream model exposed by the financial crisis and the Eurozone crisis. This equips the reader with a realistic modelling framework to analyse the economy both in crisis times and in periods of stability.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis new book is almost enough to make me wish I was still teaching Macroeconomics. It gives finance the position in macro that recent events suggest it deserves * Simon Wren-Lewis professor at Oxford University and a Fellow of Merton College. *\u003cbr\u003eCarlin and Soskice have produced a gem of a book. The teaching of macroeconomics after the crisis has changed surprisingly little, limiting itself to incorporating 'frictions' into otherwise standard models that failed during the crisis. Carlin and Soskice embark on a much more ambitious venture. They show how the financial cycle and macroeconomics are inextricably linked, with the risk-taking channel as the linchpin. Their exposition is refreshingly original and yet lucid and accessible. This book will appeal to serious students of economics and to all inquiring minds who have wondered about the role of the financial cycle in macroeconomics. * Hyun Song Shin, Economic Adviser and Head of Research, Bank for International Settlements and Hughes-Rogers Professor of Economics, Princeton University *\u003cbr\u003eThis is, I believe, the first macro-economic textbook effectively to incorporate the lessons of the Great Financial Crisis and to describe how financial frictions can impact the macro-economy. The authors weave together the old mainstream, three equation, model with the newer account of potential financial disturbances in a lucid and efficient manner. As such, it has a major advantage over almost all other extant textbooks, and will be a boon not only for undergraduates, but also for graduates and those wishing to understand the current working of our macro-economic system, beset as it has been with financial strains. * Professor Charles Goodhart, Director of the Financial Regulation Research Programme, The London School of Economics and Political Science *\u003cbr\u003eThis illuminating book introduces the reader to macroeconomics in a revolutionary fashion. Namely, by means of very elegant and accessible models that are always based on sound microfoundations and developed against a narrative of the performance and policy regimes of the advanced economies over the post war period. Unlike most other macro textbooks, this book builds on the most recent research and debates to teach macroeconomics the way it should now be taught: by emphasizing the interplay between macro and finance; by linking growth to innovation, market structure and firm dynamics; and more generally by taking institutions seriously into account when looking at growth, business cycles, and unemployment and the interplay between them. This book is an absolute must read for students and policy makers, even those with little initial background, who need to be fully acquainted with modern macroeconomics. * Philippe Aghion, Robert C. Waggoner Professor of Economics, Harvard *\u003cbr\u003eThis is an exciting new textbook. It offers a clear and cogent framework for understanding not only the traditional macroeconomic issues of business cycles, inflation and growth, but also the financial crisis and ensuing Great Recession that have recently shaken the world economy. The paradigm it offers is highly accessible to undergraduates. Yet at the same time it is consistent with what goes on at the frontiers of the field. Overall, the book confirms my belief that macroeconomics is alive and well! * Mark Gertler, Henry and Lucy Moses Professor of Economics, New York University *\u003cbr\u003eTo be relevant, economics need to help society understand those phenomena which do it greatest harm - unemployment, inflation and deflation, financial instability, fiscal and banking crisis. Pre-crisis, mainstream economic models failed that societal test and therefore failed society. Wendy Carlin and David Soskice's important new book is the first step towards redemption, providing students and scholars with a rigorous but accessible framework for understanding what troubles society most. * Andrew G Haldane, Chief Economist, Bank of England *\u003cbr\u003eThe Carlin and Soskice book does a wonderful job of covering the economics behind macroeconomics and the financial system, alongside presenting the latest research on this and the drivers of the great recession. It also has an impressive array of data and examples woven in with theory explained in a beautifully intuitive way. For any student interested in a refreshingly modern take on the financial crisis and the economics that underlie this, this book is invaluable. * Nicholas Bloom, Professor of Economics, Stanford University *\u003cbr\u003eOne of the first macro textbooks to integrate the lessons of the crisis. An elegant bridge between introductory undergraduate and graduate macro texts * Olivier Blanchard, Chief Economist, IMF, and Professor of Economics, MIT *\u003cbr\u003eIn the light of the events of the past decade, it is important that a new macroeconomics text attempts to satisfy the demands of those learning and using macroeconomics to be able to access relatively simple models which reflect the ways in which the financial sector interacts with the real economy. This is by no means an easy task. The new Carlin and Soskice book represents a significant step forward in this regard. Consequently undergraduates, post-graduates and their teachers should be grateful that they can now access teaching materials which have something useful to say about the financial crisis. * Professor Stephen Nickell, CBE, FBA. Honorary Fellow of Nuffield College, Oxford *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. The demand side ; 2. The supply side ; 3. The 3-equation model and macroeconomic policy ; 4. Expectations ; 5. Money, banking and the macro-economy ; 6. The financial sector and crises ; 7. The global financial crisis: applying the models ; 8. Growth, fluctuations and innovation ; 9. The 3-equation model in the open economy ; 10. The open economy: the demand and supply sides ; 11. Extending the open economy model: oil shocks and imbalances ; 12. The Eurozone ; 13. Monetary policy ; 14. Fiscal policy ; 15. Supply-side policy, institutions and unemployment ; 16. Real Business Cycle and New Keynesian models","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732876538199,"sku":"9780199655793","price":70.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780199655793.jpg?v=1719998775"},{"product_id":"asset-management-9780199959327","title":"Asset Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eStocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In his new book Asset Management: A Systematic Approach to Factor Investing, Ang upends the conventional wisdom about asset allocation by showing that what matters aren''t asset class labels but the bundles of overlapping risks they represent. Making investments is like eating a healthy diet, Ang says: you''ve got to look through the foods you eat to focus on the nutrients they contain. Failing to do so can lead to a serious case of malnutrition-for investors as well as diners. The key, in Ang''s view, is bad times, and the fact that every investor''s bad times are somewhat different. The notion that bad times are paramount is the guiding principle of the book, which offers a new approach to the age-old problem of where do you put your money? Years of experience, both as a finance professor and as a consultant, have led Ang to see that the traditional approach, with its focus on asset classes, is too crude and ultimately too costly to serve investors adequately. He focuses instead on factor risks, the peculiar sets of hard times that cut across asset classes, and that must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Optimally harvesting factor premiums-on our own or by hiring others-requires identifying your particular set of hard times, and exploiting the difference between them and those of the average investor. Clearly written yet chock-full of the latest research and data, Asset Management will be indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, harvest them efficiently in their portfolios, and embark on the search for true alpha.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThe phrases \"finance textbook\" and \"page-turner\" rarely occupy the same sentence or even the same paragraph, but Asset Management: A Systematic Approach to Factor Investing justifies that pairing of terms. * William J. Bernstein, co-principal at Efficient Frontier Advisors Reviewed by CFA Institute *\u003cbr\u003eThis splendid book lays out the important lessons that a new generation of finance research has learned about markets and investing, in a thoughtful and accessible way. Ang focuses on real issues for real players, and distills practical lessons about investment strategies and the investment process. * John H. Cochrane, The University of Chicago, Booth School of Business *\u003cbr\u003eAndrew Ang's inspirational book presents new, important, and influential concepts on investment. He oozes enthusiasm for his subject, and generously shares his experience of putting cutting-edge ideas into practice. Elroy Dimson, London Business School and Cambridge Judge Business School\u003cbr\u003eEvery professional asset manager should read Ang's Asset Management, easily the most thoughtfully written, accessible, and carefully researched treatment of the topic. Each chapter is an expertly guided tour. Darrell Duffie, Graduate School of Business, Stanford University\u003cbr\u003eAndrew Ang eloquently synthesizes current research on investing together with his own approach to asset management into a highly readable and authoritative book. It is simply the best new book on asset management that I have read - approachable by non-specialists and a treasure for managers and scholars already familiar with the topic. This book is an essential guide to one of the world's most important topics. * William N. Goetzmann, Yale School of Management *\u003cbr\u003eIt is no surprise that many of us have been using the unfinished chapters of Andrew Ang's Asset Management for teaching. For over 10 years, there has been glaring lacuna when it comes to textbooks for the teaching of investment finance. Andrew's book fills this void and is destined to become the standard text in investments at top graduate schools. It will also be a must-read for practitioners of investment finance. * Campbell R. Harvey, Duke University Journal of Finance (2006-2012) *\u003cbr\u003eThis book is a comprehensive, accessible, and adept exposition of the pivotal role played by factor exposures in markets and in portfolio design. Ang shows how these principles can be used to guide both individual investors as well as institutions, and financial practitioners now have a must read source for this critical material. Steve Ross, Sloan School, MIT\u003cbr\u003eAndrew Ang has written the next comprehensive 'go to' book on asset management. He treats readers gently as he takes them through the potentially technical world of factor investing, and his generous use of 'real world' case studies gives a helpful intuitive dimension his explanations. All considered, this is a 'must read' book for all asset owners and managers who want to maintain their thought-leadership edge. * Keith Ambachtsheer, Director Emeritus, International Centre for Pension Management, Rotman School of Management, University of Toronto *\u003cbr\u003eThe last time I was asked to comment on a book of this quality and applicability I threatened to harm the author for potentially putting me out of a job. I repeat the threat in this case. * Cliff Asness, Founder, Managing Principal, and Chief Investment Officer, AQR Capital Management *\u003cbr\u003eAs Andrew Ang knows, the best way to achieve good investment results is to get the portfolio structure right for each client and the key to that is systematic factor investing. Charles D. Ellis, author of Winning the Loser's Game\u003cbr\u003eDespite its title, this is much more than a textbook on asset management. Andrew Ang writes in an engaging style that cites his extensive investment experience, without giving up any of the rigor that we would expect from such a prominent academic. * Roger G. Ibbotson, Chairman of Zebra Capital Management and Professor in Practice Emeritus, Yale School of Management *\u003cbr\u003eProfessor Ang is leading the factor investing revolution. Written with great clarity and authority, Asset Management is a true pleasure to read. * Knut Norheim Kjaer, Founding CEO of Norges Bank Investment Management and Co-founding Partner of Trient Asset Management *\u003cbr\u003eAndrew's new book is a useful practitioner-oriented update of the developments in asset management in recent decades. For example, assets are seen as bundles of factors, the fundamental drivers which provide the 'nutrients' that drive returns. This framing is certainly helpful in understanding recent developments in the industry. Moreover, the cases which motivate each chapter very nicely tie together the theory and the practice. * Bob Litterman, Chair of the Risk Committee at Kepos Capital, a hedge fund based in New York *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface: Asset Management ; Part I: The Asset Owner ; Chapter 1: Asset Owners ; Chapter 2: Preferences ; Chapter 3: Mean-Variance Investing ; Chapter 4: Investing for the Long Run ; Chapter 5: Investing Over the Life Cycle ; Part II: Factor Risk Premiums ; Chapter 6: Factor Theory ; Chapter 7: Factors ; Chapter 8: Equities ; Chapter 9: Bonds ; Chapter 10: Alpha (and the Low Risk Anomaly) ; Chapter 11: \u0026lt;\"Real\u0026gt;\" Assets ; Chapter 12: Tax-Efficient Investing ; Chapter 13:  Illiquid Assets ; Chapter 14: Factor Investing ; Part III: Delegated Portfolio Management ; Chapter 15: Delegated Investing ; Chapter 16: Mutual Funds and Other 40-Act Funds ; Chapter 17: Hedge Funds ; Chapter 18: Private Equity ; Afterword: Factor Management ; Appendix: Returns ; Acknowledgements ; Bibliography ; Index","brand":"Oxford University Press Inc","offers":[{"title":"Default Title","offer_id":48732891611479,"sku":"9780199959327","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"clashing-over-commerce-9780226678443","title":"Clashing Over Commerce","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Irwin outlines [the] long evolution of trade politics from the mercantilist 1640s to the present, when Trump has made trade controversial again by arguing for a renewal of protectionist policies. [His] chronicle--lengthy, detailed, and readable--traces the winding trail that has brought us to the liberal world trading order we enjoy today.\"--George Melloan, Wall Street Journal \"At a time when Washington's approach to trade seems poised to undergo a significant shift, this magisterial book surveys the entire history of US trade policy since the Colonial era, using congressional debates and actions to show how conflicting domestic economic interests have led Americans to clash repeatedly over trade.\"--Foreign Affairs, Best of Books 2018 (01\/02\/2019) \"Tells the history of American trade policy, showing that trade is neither dull nor deserving of the attacks on it. . . . As Mr Irwin spins this grand narrative, he also debunks trade-policy myths.\"--Economist \"At a time when concerns about trade wars unsettle financial markets and engage media pundits, those seeking a deeper understanding may choose to consult Irwin's hefty volume.\"--EH.net \"Irwin's magnum opus . . . is already a classic. Given the prominent role trade is playing in politics right now, it is also very timely. At almost seven hundred pages, Clashing over Commerce looks intimidating. But once you start reading, it isn't. Irwin tells a coherent story that spans generations, showcasing the prominent personalities in the great trade debate, their larger philosophical and economic arguments, and the legislation and policies they fought over. It hits on all levels.\"-- (01\/02\/2019) \"Other histories have been written about US trade policy, but Irwin's is the most comprehensive and useful for guiding our current decision making on trade. . . . Irwin combines scholarly analysis with a historian's eye for trends and colorful details. This book is readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America's evolving role in the global economy.\"  --National Review \"Clashing over Commerce is a magisterial book. Irwin takes readers through the long story of American trade policy with keen insight and a sense for historical significance.\"--I. M. Destler, University of Maryland \"Clashing over Commerce is a very impressive book. Besides a detailed history of trade policy, it provides a general picture of American political and economic history.\"--Regulation \"This is, without a doubt, the most comprehensive discussion of trade policy since Taussig's immensely influential Tariff History of the United States. Irwin describes the profound evolution of American trade policy from colonial times to the present, bringing up to date with the most recent empirical research and the emergence of a broader trade policy. In its breadth and depth, Clashing over Commerce represents a major contribution.\"--Jeremy Atack, Vanderbilt University","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":48732915499351,"sku":"9780226678443","price":22.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226678443.jpg?v=1719998934"},{"product_id":"bettering-humanomics-a-new-and-old-approach-to-economic-science-9780226826516","title":"Bettering Humanomics A New and Old Approach to","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eDeirdre Nansen McCloskey latest meticulous work examines how economics can become a more \"human\" science\u003cbr\u003e\"Can we have economic thought that focuses on people and tries to understand rather than merely observe? Rejecting contemporary trends, McCloskey paves the way to an economics dedicated to the betterment of human lives.\" * The Bookseller *\u003cbr\u003e“There is no doubting the extraordinary breadth and depth of [McCloskey’s] knowledge... A critique by someone who knows what she’s talking about.”\u003cbr\u003e   * The Enlightened Economist *\u003cbr\u003e“This book presents a series of arguments for improving academic enquiry through the lens of 'humanomics.' For economists, or other academics, who haven’t come across humanomics before, it is in essence a combination of the rigorous tools of economics with more human elements such as the critical perspectives that are often found in the humanities. Pioneers of this approach include 'the father of economics,' Adam Smith, Nobel prizewinner Vernon Smith and experimental economist Bart Wilson. . . McCloskey presents compelling arguments that economic agents are not merely attempting to maximise their utility, but are influenced by other factors such as the power of words.” * Times Higher Education *\u003cbr\u003eBest Summer Books of 2021\u003cbr\u003e \"What economics needs to fulfil its unparalleled potential as the premier science of human progress, [McCloskey] insists, is the rediscovery of its origins as the discipline that successfully marries the methods of the sciences and the humanities. In \u003ci\u003eBettering Humanomics\u003c\/i\u003e, a sparkling cameo of a book, she offers a summary of this, her life-long project. The result is a richly allusive account of what such a combination — 'humanomics', as she calls it — looks like, and why it offers a better guide to understanding where prosperity ultimately comes from and what policymakers can do to help it on its way.\" * Financial Times *\u003cbr\u003e“This new book quite seriously advances the continuing conversation in humanomics. It discovers Adam Smith and resumes a path that McCloskey has so magnificently helped to reinvigorate in the last half century.” -- Vernon Smith, Chapman University and 2002 Nobel Laureate in Economics\u003cbr\u003e“How is economic science going to progress? By embracing ethics, the humanities, and language as part of the tool kit alongside mathematics—and recognizing that economists should never try to be social engineers because they are part of the societies they study. McCloskey makes a compelling case for economics for humans—and offers some hope that the discipline is tilting in that direction.” -- Diane Coyle, University of Cambridge\u003cbr\u003e\"Provocative, bold, ironic, erudite, and above all, well-written.\" * Metascience *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface\u003cbr\u003e\u003cbr\u003e Part I. The Proposal\u003cbr\u003e Chapter 1. Humanomics and Liberty Promise Better Economic Science\u003cbr\u003e Chapter 2. Adam Smith Practiced Humanomics, and So Should We\u003cbr\u003e Chapter 3. Economic History Illustrates the Problems with Nonhumanomics\u003cbr\u003e Chapter 4. An Economic Science Needs the Humanities\u003cbr\u003e Chapter 5. It’s Merely a Matter of Common Sense and Intellectual Free Trade\u003cbr\u003e Chapter 6. After All, Sweet Talk Rules a Free Economy\u003cbr\u003e Chapter 7. Therefore We Should Walk on Both Feet, Like Ludwig Lachmann\u003cbr\u003e Chapter 8. That Is, Economics Needs Theories of Human Minds beyond Behaviorism\u003cbr\u003e\u003cbr\u003e Part II. The Killer App\u003cbr\u003e Chapter 9. The Killer App of Humanomics Is the Evidence That the Great Enrichment Came from Ethics and Rhetoric\u003cbr\u003e Chapter 10. The Dignity of Liberalism Did It\u003cbr\u003e Chapter 11. Ideas, Not Incentives, Underlie It\u003cbr\u003e Chapter 12. Even as to Time and Location\u003cbr\u003e Chapter 13. The Word’s the Thing\u003cbr\u003e\u003cbr\u003e Part III. The Doubts\u003cbr\u003e Chapter 14. Doubts by Analytic Philosophers about the Killer App Are Not Persuasive\u003cbr\u003e Chapter 15. Nor by Sociologists or Political Philosophers\u003cbr\u003e Chapter 16. Nor Even by Economic Historians\u003cbr\u003e Notes\u003cbr\u003e Works Cited\u003cbr\u003e Index\u003cbr\u003e  ","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":48732930769239,"sku":"9780226826516","price":16.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226826516.jpg?v=1719998997"},{"product_id":"daylight-robbery-9780241360842","title":"Daylight Robbery","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eDeath and taxes are our inevitable fate. We''ve been told this since the beginning of civilisation. But what if we stopped to question our antiquated system? Is it fair? And is it capable of serving the needs of our rapidly-changing, modern society? \u003cbr\u003e\u003cbr\u003eIn \u003ci\u003eDaylight Robbery\u003c\/i\u003e, Dominic Frisby traces the origins of taxation, from its roots in the ancient world, through to today. He explores the role of tax in the formation of our global religions, the part tax played in wars and revolutions throughout the ages, why, at one stage, we paid tax for daylight or for growing a beard. Ranging from the despotic to the absurd, the tax laws of the past reveal so much about how we got to where we are today and what we can do to build a system fit for the future.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eFeatured on Stepping up with Nigel Farage\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e''An important book for investors in gold and bitcoin'' - \u003cb\u003eDaniela Cambone, Stansberry Research\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e''This entertaining, surprising, contrarian book is a tour de force!'' - \u003cb\u003eMatt Ridley, author of \u003ci\u003eThe Evolution of Everything\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e''In this spectacular gallop through history, Frisby shows how taxation has warped, stunted and thwarted human progress'' - \u003cb\u003eMark Littlewood, Director General, Institute of Economic Affairs\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e''Frisby''s historical interpretation and utopian ideas will outrage Left and Right'' - \u003cb\u003eSteve Baker, MP for Wycombe and Member of the House of Commons Treasury Committee \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e''Fascinating book which exposes the political and economic basis of tax. A must read for those of us who believe in simpler, lower taxes'' - \u003cb\u003eRt Hon Liz Truss, MP for South West Norfolk, Secretary of State for International Trade and President of the Board of Trade\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eWith dazzling clarity, Frisby illuminates just how much of history is explained by arguments over tax, from Magna Carta to the American civil war to today's political debates. This entertaining, surprising, contrarian book is \u003cb\u003ea tour de force\u003c\/b\u003e * Matt Ridley, author of The Evolution of Everything *\u003cbr\u003eAn engaging and informative trip through tax history that leads on to some radical suggestions for the future.\u003cb\u003e A must-read\u003c\/b\u003e for anyone thinking about how our tax system should be structured * Roger Bootle, author of The AI Economy *\u003cbr\u003e\u003cb\u003eA real page-turner!\u003c\/b\u003e Dominic Frisby's historical interpretation and utopian ideas will outrage Left and Right. Both should read this book! * Steve Baker, MP for Wycombe, member of the House of Commons Treasury Committee *\u003cbr\u003eIn this \u003cb\u003espectacular gallop through history\u003c\/b\u003e, Frisby shows how taxation has warped, stunted and thwarted human progress. An absolute must-read for anyone who thinks higher taxes are the answer to our ills. Should be compulsory reading for anyone who aspires to high political office! * Mark Littlewood, Director General, Institute of Economic Affairs *\u003cbr\u003e\u003cb\u003eA fascinating book\u003c\/b\u003e which exposes the political and economic basis of tax. A must read for those of us who believe in simpler, lower taxes * Rt Hon Liz Truss, MP for South West Norfolk, Secretary of State for International Trade and President of the Board of Trade *\u003cbr\u003eIt has been said that the income tax created more criminals than any other single act of government. \u003cb\u003eDominic Frisby masterfully delves into the fascinating topic of taxation, vividly bringing it to life\u003c\/b\u003e * Jon Matonis Monetary Economist *\u003cbr\u003eAn \u003cb\u003eutterly gripping \u003c\/b\u003eaccount of the impact of taxes on the course of civilisation * Simon Evans, Comedian *\u003cbr\u003e\u003cb\u003eA fantastic education on the surprising ways tax policies have shaped mankind's past and will impact our future\u003c\/b\u003e * Roger Ver, Chairman, Bitcoin.com *\u003cbr\u003e\u003cb\u003eA brilliant book\u003c\/b\u003e full of insights into how governments have fleeced us down the ages. This is a must read for anyone interested in how technology might at last tilt things back in favour of the citizen rather than the state * Douglas Carswell, MP for Clacton, Co-founder Vote Leave *\u003cbr\u003eHow when and where we pay tax affects everything - how and where we work, how we save, when we retire, whether we marry or not, whether we live in houses we own or not and sometimes even how many children we have. Few of us think properly about the way this shapes our lives and societies. With this \u003cb\u003ewell-written and hugely engaging\u003c\/b\u003e book Dominic Frisby might be about to change that * Merryn Somerset Webb, Editor in chief of Moneyweek *\u003cbr\u003e\u003cb\u003eA great read\u003c\/b\u003e * George Galloway, former Member of Parliament, broadcaster and bestselling author of I'm Not the Only One *\u003cbr\u003eBoth \u003cb\u003eamusing and informative\u003c\/b\u003e, you'll come away with a much deeper understanding of what taxation is all about * Bill Bonner, bestselling author of Empire of Debt *\u003cbr\u003eWhether you think your taxes are fair or unfair, too high or too low, \u003cb\u003eyou need to read this book\u003c\/b\u003e * Greg Moffitt, editor of New Thought *\u003cbr\u003e\u003cb\u003eHighly readable\u003c\/b\u003e * Luke Johnson, British entrepreneur and Sunday Times columnist *\u003cbr\u003eA \u003cb\u003ehugely readable, well-researched\u003c\/b\u003e book about the history, reality and future of tax, which can draw the occasional chuckle! Also an informative tome, which raises important questions about how and why governments are funded * James Roberts, Political Director at the TaxPayers’ Alliance *\u003cbr\u003eA book about tax, that is \u003cb\u003ereadable, fascinating - and fun!\u003c\/b\u003e Sounds impossible, I know. But that's what Dominic Frisby has written * Liam Halligan, the Telegraph *\u003cbr\u003e\u003cb\u003eThis entertaining, easily read book will make you laugh and arm you for debates\u003c\/b\u003e * Heather McGregor, Mrs Moneypenny, The Sunday Times *\u003cbr\u003eFrisby is a moonlighting phenomenon: a finance journalist by day and Edinburgh Fringe comedic star by night, he brings wit to the world of policy-wonkery in a way that is probably unique * Helen Dale, author of The Hand that Signed the Paper *\u003cbr\u003eWhatever your political leanings, you will find much to enjoy in this entertaining and educational romp through the history of taxation * Moneyweek *\u003cbr\u003ePlease let's let Dominic Frisby loose on the Treasury! * Jamie Blackett, The Critic *\u003cbr\u003ea fascinating book...educational and fun. You will enjoy it! * Mish Talk, The Street *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48733055582551,"sku":"9780241360842","price":9.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780241360842.jpg?v=1719999297"},{"product_id":"open-economy-macroeconomics-in-developing-countries-the-mit-press-9780262018906","title":"Open Economy Macroeconomics in Developing","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733443359063,"sku":"9780262018906","price":81.7,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262018906.jpg?v=1720000102"},{"product_id":"macroeconomics-in-times-of-liquidity-crises-searching-for-economic-essentials-ohlin-lectures-9780262035415","title":"Macroeconomics in Times of Liquidity Crises","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAn examination of Liquidity Crunch in triggering and characterizing financial crises.\u003c\/b\u003e\u003cp\u003eSince the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurity. In parallel, the profession has witnessed phenomena that are alien to mainstream macroeconomic models. Financial crises are systemic, occurring simultaneously in different economies. In this book, Guillermo Calvo focuses on liquidity factors as a commonality in financial crises. Specifically, he examines the role of “liquidity crunch” in triggering crises. He also identifies a fundamental (but overlooked) idea in Keynes's \u003ci\u003eGeneral Theory\u003c\/i\u003e, termed by Calvo the price theory of money, to rationalize the resiliency of the U.S. dollar when other dollar-backed assets suffered a devastating liquidity crunch.\u003c\/p\u003e\u003cp\u003eCalvo shows that a sharp focus on liquidity reveals some characteristics of liquid assets that are easy to miss otherwise. He argues for liquidity's centralit\u003c\/p\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733446111575,"sku":"9780262035415","price":31.35,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262035415.jpg?v=1720000113"},{"product_id":"evolution-or-revolution-rethinking-macroeconomic-policy-after-the-great-recession-the-mit-press-9780262039369","title":"Evolution or Revolution Rethinking Macroeconomic","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eLeading economists discuss post-financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability.\u003c\/b\u003e\u003cp\u003eThe Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution?  Will it?  If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. \u003c\/p\u003e\u003cp\u003eThe contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and\u003c\/p\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733449847127,"sku":"9780262039369","price":28.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262039369.jpg?v=1720000125"},{"product_id":"dynamic-macroeconomics-the-mit-press-9780262043014","title":"Dynamic Macroeconomics The MIT Press","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAn advanced treatment of modern macroeconomics, presented through a sequence of dynamic equilibrium models, with discussion of the implications for monetary and fiscal policy.\u003c\/b\u003e\u003cp\u003eThis textbook offers an advanced treatment of modern macroeconomics, presented through a sequence of dynamic general equilibrium models based on intertemporal optimization on the part of economic agents. The book treats macroeconomics as applied and policy-oriented general equilibrium analysis, examining a number of models, each of which is suitable for investigating specific issues but may be unsuitable for others.\u003c\/p\u003e\u003cp\u003eAfter presenting a brief survey of the evolution of macroeconomics and the key facts about long-run economic growth and aggregate fluctuations, the book introduces the main elements of the intertemporal approach through a series of two-period competitive general equilibrium models—the simplest possible intertemporal models. This sets the stage for the remainder of the book, which\u003c\/p\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733451714903,"sku":"9780262043014","price":90.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262043014.jpg?v=1720000129"},{"product_id":"big-ideas-in-macroeconomics-a-nontechnical-view-the-mit-press-9780262528306","title":"Big Ideas in Macroeconomics A Nontechnical View","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAn accessible description of modern macroeconomics, and a defense of its policy relevance.\u003c\/b\u003e\u003cp\u003eMacroeconomists have been caricatured either as credulous savants in love with the beauty of their mathematical models or as free-market fundamentalists who admit no doubt as to the market's wisdom. In this book, Kartik Athreya draws a truer picture, offering a nontechnical description of prominent ideas and models in macroeconomics, and arguing for their value as interpretive tools as well as their policy relevance. Athreya deliberately leaves out the technical machinery, providing an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy advice.\u003c\/p\u003e\u003cp\u003eAthreya describes the main approach to macroeconomic model construction, the foundational Walrasian general-equilibrium framework, and its modern version, the Arrow-Debreu-McKenzie (ADM) model. In the heart of the book, Athreya shows how the Walrasian approach shapes and unifies much of m\u003c\/p\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733465182551,"sku":"9780262528306","price":31.55,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262528306.jpg?v=1720000178"},{"product_id":"macroeconomic-essentials-understanding-economics-in-the-news-9780262533348","title":"Macroeconomic Essentials Understanding Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe new edition of a concise and nontechnical but rigorous introductory text that emphasizes fundamental concepts and real-world applications, thoroughly revised and updated.\u003c\/b\u003e\u003cp\u003eThis introductory text offers an alternative to the encyclopedic, technically oriented approach taken by traditional textbooks on macroeconomic principles. Concise and nontechnical but rigorous, its goal is not to teach students to shift curves on diagrams but to help them understand fundamental macroeconomic concepts and their real-world applications. It accomplishes this by providing a clear exposition of introductory macroeconomic theory along with more than 700 one- or two-sentence “news clips,” based on economics media coverage, as illustrations or student exercises. Although the writing is accessible, end-of-chapter questions are challenging, requiring a thorough understanding of related macroeconomic concepts, critical-thinking skills, and an ability to make connections to the real worl\u003c\/p\u003e","brand":"MIT Press Ltd","offers":[{"title":"Default Title","offer_id":48733466689879,"sku":"9780262533348","price":55.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262533348.jpg?v=1720000184"},{"product_id":"money-and-empire-9781009158572","title":"Money and Empire","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eCharles Kindleberger ranks as one of the twentieth century''s best known and most influential international economists. This book traces the evolution of his thinking in the context of a ''key-currency'' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, this book is also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e'The discipline of economics is balanced, somewhat unsteadily, between two legs, with the skill of the historian on one side and of the mathematical modeler on the other. In the second half of the 20th century, the tide flowed strongly to elevate the second leg and to diminish the first. In this delightful biography of Charlie Kindleberger, a charming and loveable man, Perry Mehrling shows how Charlie, in his chosen role, as an international monetary economist, fought against that tide, often unsuccessfully. Perry writes so beautifully that one would only need a smattering of economics to enjoy the tale; while if one is interested in the history of economic thought in international monetary economics, then this book is, of course, a must read.' Charles Goodhart, Centre for Economic Policy Research\u003cbr\u003e'Like many legendary session players who never quite topped the charts, in his day Charles Kindleberger was revered by those hip enough to know great work when they saw it. So roll over Friedman and Samuelson. As Perry Merhling's erudite biography makes clear, to understand the urgent, real-world economic problems of our time, set aside the pop hits of yesterday (and today), and reach for Charlie's enduring, classic contributions.' Jonathan Kirshner, Boston College\u003cbr\u003e'As a 'literary' economist, Charlie Kindleberger thought he was professionally behind the times. As an economic historian, however, he studied financial crises before that became fashionable, and he practiced experience-based learning well before modern economists rediscovered it. Mehrling's study shows that Kindleberger in fact was ahead of, not behind, his times. This is a fine biography of both a great twentieth-century economist and the U.S. dollar as the world's premier reserve currency during Kindleberger's long career.' Richard Sylla, Professor Emeritus of Economics, New York University\u003cbr\u003e'Perry Mehrling's elegantly written biography of the MIT economist Charles Poor Kindleberger illuminates the relationship between money and the global structure of economic and political power.' Herman Mark Schwartz, phenomenalworld.org\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface; Introduction; Part I. Intellectual Formation, 1910–1948; 1. Golden boy; 2. Columbia; 3. Hot money; 4. A good war; Part II. International Economist, 1948–1976; 5. Tech; 6. The dollar system; 7. Among economists; Part III. Historical Economist, 1976–2003; 8. Independence; 9. Chef d'oeuvre; 10. Leadership.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":48738007089495,"sku":"9781009158572","price":29.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781009158572.jpg?v=1723811677"},{"product_id":"in-search-of-a-moral-foundation-for-capitalism-9781009434393","title":"In Search of a Moral Foundation for Capitalism","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eStevens tells the untold story of the search for a moral foundation for capitalism through its leading characters. His historical account reveals the rich moral critique provided by these characters and describes how that moral critique was lost through the influence of the Chicago School and its emphasis on self-interest.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e'If you want a perspective on an enlightened version, possibly the originally envisioned version, of capitalism not fully reduced to its characteristic, though commonly overemphasized and misrepresented, rationale of self-interest, then read this book. By unpacking and reexamining the moral foundations of capitalism, this book will make you reflect on how capitalist societies can serve mutual benefit and achieve social welfare when liberated from its misconceived, fundamentalist clichés of naked self-interest and free markets.' Wim A. Van der Stede, Dean and Professor at London School of Economics\u003cbr\u003e'In this excellent description of the development of intellectual ideas on the nature and determinants of our capitalist system, Douglas Stevens provides a wide-ranging, insightful, and accessible account of how we have arrived at the current dilemmas that confront us. His book provides a valuable basis for understanding how the history of economic thought can help guide the formulation of future policy.' Colin Mayer, Emeritus Professor of Management Studies at the Said Business School, and Visiting Professor at the Blavatnik School of Government, University of Oxford\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Introduction: the continuing demand for a moral foundation; 2. The moral economist: Adam Smith; 3. Religion as a moral foundation: Max Weber and R. H. Tawney; 4. Humanism as a moral foundation: Karl Polanyi and John Maynard Keynes; 5. Self-interest as a moral foundation: the Chicago school and Ayn Rand; 6. Neoclassical economists join the search: Vernon Smith and Michael Jensen; 7. Rescuing capitalism from the capitalists: Amartya Sen; 8. The promise of capitalism: joining the search.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":48738033402199,"sku":"9781009434393","price":30.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781009434393.jpg?v=1723811694"},{"product_id":"a-history-of-big-recessions-in-the-long-twentieth-century-9781108719131","title":"A History of Big Recessions in the Long Twentieth","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions in Central Eastern Europe and Russia in the 1990s, and the great financial crisis of 20089. In addition to providing wide geographic and historical coverage of episodes of crisis in North America, Europe, Latin America and Asia, the book clarifies basic concepts in the area of recession economics, analysis of high inflation, debt crises, political cycles and international political economy. An understanding of these concepts is needed to comprehend big recessions and slumps that often lead to both political change and the reassessment of prevailing economic paradigms.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e'The twentieth century saw plenty of booms and busts, and the early twenty-first century saw a financial crash - threatening a repeat of the 1930s depression. Andrés Solimano provides the reader with an authoritative guide to these busts, crashes and depressions. This book is not only a history of capitalism, but also a warning that the next calamity is just around the corner.' Tony Addison, United Nations University World Institute for Development Economics Research\u003cbr\u003e'Fully conversant with changing economic and monetary theories and associated policy interventions, Solimano deploys a wealth of macroeconomic financial data to drive home one enduring feature, namely, the instability of capitalism. His book is economic history at its best, something the economics curriculum of today could hugely benefit from.' Anthony D'Costa, University of Alabama, Huntsville\u003cbr\u003e'This masterful guided-tour of the economic downturns in recent history is both spectacularly rich and absolutely indispensable. Solimano begs the question: when shall we learn from our mistakes?' Dimitry Kochenov, University of Groningen\u003cbr\u003e'The statistics collected by Solimano in this book are a gold mine for economists. He goes beyond simple lack-of-demand analyses and points out limitations of Keynesian stabilization policy as important, and at times useful, could not be a miracle cure for recessions.' Vito Tanzi, author of Termites of the State\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Introduction; 2. Recessions and depressions: an overview of theories and empirics; 3. World War I, hyperinflation in the 1920s and World War II; 4. The Great Depression of the 1930s; 5. Stagflation in the 1970s, globalization and the financial crisis of 2008–9; 6. Two depressions in the early twenty-first century: the cases of Latvia and Greece; 7. Soviet-type of socialism and the post-socialist transition; 8. Economic crises in Latin America and East Asia; 9. Synthesis and interpretation.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":48738324316503,"sku":"9781108719131","price":26.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781108719131.jpg?v=1723811927"},{"product_id":"the-industrial-policy-revolution-i-the-role-of-government-beyond-ideology-international-economic-association-series-9781137374523","title":"The Industrial Policy Revolution I The Role of","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis volume is the result of the 2012 International Economic Association's series of roundtables on the theme of Industrial Policy. The first, 'New Thinking on Industrial Policy,' was hosted by the World Bank in Washington, D.C, and the second, 'New Thinking on Industrial Policy: Implications for Africa,' was held in Pretoria, South Africa.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePART I: CONCEPTUAL ISSUES AND PRINCIPLES OF INDUSTRIAL POLICY 1. Comparative Advantage: The Silver Bullet of Industrial Policy; Justin Yifu Lin and Célestin Monga 2. Comments on 'Comparative Advantage: The Silver Bullet of Industrial Policy; Ha-Joon Chang 3. Industrial Policies, the Creation of a Learning Society, and Economic Development; Bruce Greenwald and Joseph Stiglitz 4. Discussion of 'Industrial Policies, the Creation of a Learning Society, and Economic Development; Josh Lerner PART II: SPECIAL ISSUES FOR DEVELOPING COUNTRIES 5. Technology Policies and Learning with Imperfect Governance; Mushtaq H. Khan 6. Comments on 'Technology Policies and Learning with Imperfect Governance'; Pranab Bardham 7. The Boulevard of Broken Dreams: Industrial Policy and Entrepreneurship; Josh Lerner 8. Comments on 'The Boulevard of Broken Dreams: Industrial Policy and Entrepreneurship'; Indermit Gill PART III: INSTRUMENTS OF INDUSTRIAL POLICY 9. Financing Development: The Case of BNDES; João Carlos Ferraz, Claudio Figueiredo Coelho Leal, Felipe Silveira Marques and Marcelo Trindade Miterhof 10. Comments on 'Financing Development: The Case of BNDES'; Robert Cull 11. Growth and the Quality of Foreign Direct Investment; Laura Alfaro and Andrew Charlton 12. Comments on 'Growth and the Quality of Foreign Direct Investment; Ann Harrison 13. Clusters as an Instrument for Industrial Policy: The Case of China; Xiaobo Zhang 14. Theories of Agglomeration: Critical Analysis from a Policy Perspective; Célestin Monga PART IV: REGIONAL CASE STUDIES OF SUCCESSFUL AND UNSUCCESSFUL INDUSTRIAL POLICIES 15. Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialized; Keun Lee 16. Comments on 'Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialized; Ariel Fiszbein 17. What's New in the New Industrial Policy in Latin America? Robert Devlin and Graciela Moguillansky 18. Comments on 'What's New in the New Industrial Policy in Latin America?'; Carlos Alvarez V. PART V: COUNTRY CASE STUDIES OF SUCCESSFUL AND UNSUCCESSFUL INDUSTRIAL POLICIES 19. New Thinking on Industrial Policy Country Case Studies of Successful and Unsuccessful Industrial Policies: The Return of Industrial Policy in Brazil David Kupfer, João Carlos Ferraz and Felipe Silveira Marques 20. Industrial Policy and Development: Lessons from Brazil. Comments on the Paper by David Kupfer, João Carlos Ferraz and Felipe Silveira Marques; Volcker Treichel 21. The Chaebol and Industrial Policy in Korea; Wonhyuk Lim 22. Comments on 'The Chaebol and Industrial Policy in Korea'; Shahid Yusuf","brand":"Palgrave Macmillan","offers":[{"title":"Default Title","offer_id":48738381201751,"sku":"9781137374523","price":67.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781137374523.jpg?v=1723812000"},{"product_id":"the-macroeconomics-antitextbook-9781350323711","title":"The Macroeconomics AntiTextbook","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eMainstream textbooks present economics as an objective science, free from value judgements. This book demonstrates this to be a myth  one which serves to make such textbooks not only off-puttingly bland, but also dangerously misleading in their justification of the status quo and neglect of alternatives.In this much-needed companion volume to the popular \u003ci\u003eMicroeconomics Anti-Textbook\u003c\/i\u003e, Tony Myatt reveals how the blind spots and methodological problems present in microeconomics continue to exert their influence in mainstream macroeconomics. From a flawed conception of the labour market, to a Pollyana view of the financial sector, macroeconomic principles as they are set out in conventional undergraduate textbooks consistently fail to set out a realistic, useful, or equitable framework for understanding the world.By summarising and then critically evaluating the major topics found in a typical macroeconomics textbook, the Anti-Textbook lays bare their sins of omission and commission\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eIf I was still teaching undergraduates, I would definitely use this book! * Roger E. A. Farmer, Distinguished Professor Emeritus at UCLA, USA, and Professor at the University of Warwick, UK *\u003cbr\u003eI have waited nearly a decade for the sequel to one of my favorite academic books and it was worth the wait. Myatt has crafted an easy-to-read book that presents the mainstream view in a clear way on one page and then thoroughly debunks it on the next. His ability to be straightforward and brief is a breath of fresh air in Economics. I used his 'questions for your professor' sections when I was an undergrad and stunned my professors time and time again. I urge you all to do the same. * James Mathew Harris, Educator *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eTables and figures Acknowledgements  Preface: What is an “anti” textbook, and why do we need one?  Part 1: INTRODUCTION  Ch1 What is macroeconomics  Ch2 Measurement, mismeasurement and omission  Part 2: LONG RUN ECONOMIC GROWTH  Ch3 Growth: what we know and what we don’t Ch4 Growth: happiness and inequality Ch5 The financial system: the belly of the beast  Part 3: SHORT RUN FLUCTUATIONS  Ch6 Short-run macro models: a revolution that misfired  Ch7 Fiscal policy: why deficits and debt might not matter Ch8 Money and banking: crony capitalism and the corruption it breeds Ch9 Monetary policy: the fixation on inflation Ch10 Unemployment and inflation: the political economy of unemployment  Part 4: CONCLUSION  Ch11 Summing Up","brand":"Bloomsbury Publishing PLC","offers":[{"title":"Default Title","offer_id":48738618835287,"sku":"9781350323711","price":23.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781350323711.jpg?v=1720049675"},{"product_id":"international-finance-9781350347090","title":"International Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eInternational Finance\u003c\/i\u003e is an established and internationally renowned introduction to the subject. It draws on recent events to provide comprehensive coverage of traditional theories and new research relating to the balance of payments, exchange rate determination and the international monetary system.Offering an extensive overview of the empirical evidence on the theories and concepts discussed, this textbook provides grounding in the fundamental features of international finance, from basic economic concepts to the various international crises of the twentieth century and into the effects and response to the Eurozone crises and Covid-19 pandemic.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eAn excellent textbook covering different topics in international finance, from basics to more advanced - making it very versatile. Unlike other textbooks in international finance which are geared towards international financial management or international economics, this is possibly the best international finance book I have come across and I have been waiting for quite a few years now for an updated version -- Gabriella Legrenzi, Senior Lecturer, Keele University * Draft manuscript review *\u003cbr\u003eThe content covered is excellent and in many aspects superior to the mainstream textbooks. The structure is very convenient and allows the lecturer to scale the content coverage due t the nature of Part 3, which I find a most valuable addition. -- Alexandre Dmitriev, Senior Lecturer, University of Auckland * Draft manuscript review *\u003cbr\u003eIt is very good. It explains concepts well. I especially like that it is good on giving examples and surveying relevant empirical literature. -- Tom Willett, Professor, Claremont Graduate College, USA * Draft manuscript review *\u003cbr\u003eI will continue to use this book as the sole textbook for my undergraduate module dealing with international finance. I believe that no further changes are needed. I enjoyed a lot reading this new version of the book! -- Athanasios Triantafyllou, Lecturer, University of Essex * Draft manuscript review *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction Part 1: Balance of Payments Theory and Practice 1. The Foreign Exchange System 2. The Balance of Payments 3. Elasticity and Absorption Approaches to the Balance of Payments 4. Macroeconomic Policy in an Open Economy 5. The Monetary Approach to the Balance of Payments Part 2: Exchange Rate Determination: Theory, Evidence and Policy 6. Purchasing Power Parity Theory and Floating Exchange Rate Experience 7. Modern Models of Exchange Rate Determination 8. The Portfolio Balance Model 9. Empirical Evidence on Exchange Rates 10. Fixed, Floating and Managed Exchange Rates Part 3: The Post-war International Monetary System 11. The International Monetary System 12. The Eurocurrency and Eurobond Markets 13. Currency Derivatives: Futures, Options and Swaps 14. International Macroeconomic Policy Coordination 15. The Latin American Debt Crisis 16. The European Monetary System and European Monetary Union 17. Currency Crises and the East Asian Financial Crisis 18. Financial Innovation and the Credit Crunch","brand":"Bloomsbury Publishing PLC","offers":[{"title":"Default Title","offer_id":48738622472535,"sku":"9781350347090","price":56.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781350347090.jpg?v=1720049687"},{"product_id":"common-sense-macroeconomics-9781786348456","title":"Common Sense Macroeconomics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn a world of negative interest rates, extreme inequality and trillion-dollar budget deficits, it is safe to say that conventional macroeconomics needs an overhaul. Common Sense Macroeconomics is an innovative guide to various concepts of macroeconomic analysis. Presented in a student-friendly and accessible way, this textbook is an ideal introduction to all who seek to foresee economic developments and address some of the key problems of our time.Specifically, this book innovates as follows.Ravi Batra, a Professor of Economics at Southern Methodist University and known for his accurate forecasts such as the 2008 crash, argues that the goal of macroeconomics is to raise the living standard of all, not just a privileged few. Contrary to popular belief, relentless monetary expansion to finance budget deficits actually makes the rich richer and the poor poorer, which has been happening all over the world. Ethical policies and efficiency that create general prosperity go together. In order to increase everyone's income, governments should generate competition and outlaw mergers among large and profitable firms. Inequality arises from monopoly capitalism, because then wages lag behind productivity and generate a rising wage-productivity gap. This is the ultimate source of almost all economic troubles and imbalances. While the growing gap is inherently unfair, it also leads to vast income disparity and wealth concentration, stock market bubbles and crashes, recessions and eventually depressions. It is the rise in the wage gap that preceded the Great Depression of the 1930s and now the Great Recession of 2008.  Hence governments should not stifle competition and vigorously enforce anti-trust laws. Macroeconomic equilibrium nowadays requires thatSupply = Demand + New Debt\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"This plain-language introduction for students seeks to simplify arguments and avoid unnecessary complications. It begins with microeconomic foundations, general standard of living, and GDP accounting. Later chapters are devoted to classical, neoclassical, Keynesian, neo-Keynesian, and classic-Keynesian models at micro and macro levels. Further chapters explain stock market bubbles and crashes, the wage gap, global imbalances and poverty, growth cycles, and the supply of money. A final chapter suggests economic reform for ethical economic policy, with suggestions such as raising the minimum wage and enforcing anti-trust laws. Color charts and graphs are included.\"; Eithne O'Leyne; Ringgold Inc. Portland;\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface; About the Author; Acknowledgments; Introduction: Microeconomic Foundations and Common Sense; The General Standard of Living; GDP Accounting; The Classical Micro Model; The Classical Macro Model; The Neoclassical Model; The Keynesian Model; The Neo-Keynesian Model; A Classi-Keynesian Model; The Anatomy of Stock Market Bubbles and Crashes; Wage Gap, Global Imbalances and Poverty; Long-Run Growth and Growth Cycles; The Supply of Money; An Open Economy; Economic Reform; Bibliography; Index;","brand":"World Scientific Europe Ltd","offers":[{"title":"Default Title","offer_id":48741447893335,"sku":"9781786348456","price":58.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781786348456.jpg?v=1720057611"},{"product_id":"advanced-macroeconomics-an-introduction-for-undergraduates-9781786349125","title":"Advanced Macroeconomics: An Introduction For","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eForeword by Guido Cozzi (University of St. Gallen, Switzerland)Advanced Macroeconomics covers selected topics in advanced macroeconomics at undergraduate level and bridges the gap between intermediate macroeconomics for undergraduates and advanced macroeconomics for postgraduates. By building on materials in intermediate macroeconomics textbooks and covering the mathematics of some classic dynamic general-equilibrium models, this book will give undergraduate students a firm appreciation of modern developments in macroeconomics. This book examines the implications of government policies (such as fiscal policy, monetary policy and innovation policy) and devotes several chapters to economic growth, covering the ideas for which Paul Romer was awarded the Nobel Memorial Prize in Economic Sciences in 2018.Dynamic general equilibrium is the foundation of modern macroeconomics. Chapter 1 begins with a simple static model to demonstrate the concept of general equilibrium. Chapters 2 to 4 cover the neoclassical growth model, exploring the effects of exogenous changes in technology: an important source of business cycle fluctuations. Chapters 5 to 7 use the neoclassical growth model to explore the effects of fiscal policy instruments such as government spending, labour income tax and capital income tax. Chapter 8 develops a simple New Keynesian model to analyse the effects of monetary policy. Chapter 9 begins the analysis of economic growth by reviewing the Solow growth model. Chapters 10 to 12 present the Ramsey model and introduce different market structures to the model to lay down the foundation of the Romer model. Chapter 13 incorporates an R\u0026amp;D sector into the Ramsey model with a monopolistically competitive market structure to develop the Romer model of endogenous technological change. Chapters 14 to 15 examine the implications of the Romer model. Chapter 16 concludes this book by presenting the Schumpeterian growth model and examining its different implications from the Romer model.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Angus Chu's book superbly manages to teach undergraduate students the intertemporal macroeconomic methods needed to fully understand the research going on in this field. Hence it fills an important gap in the current didactic literature, which badly misses it and leaves Bachelor students unable to write, for example, a theoretical thesis ... I strongly recommend this book in any good economics curriculum.\"; Professor Guido Cozzi; University of St. Gallen, Switzerland; \"Angus Chu's text is an excellent exposition of modern macroeconomics for advanced undergraduates, filling a gap between intermediate and advanced graduate material. It is distinctive as it systematically develops models from first principles using dynamic optimisation techniques.\"; Professor Aditya Goenka; University of Birmingham, UK; \"Fills the gap between the standard undergraduate textbook with very little or no calculus and the graduate textbook with too much mathematics for an undergraduate course. The presentation of modern growth theory is excellent, allowing readers to access frontier tools and research topics at a fairly low technical cost.\"; Professor Giammario Impullitti; University of Nottingham, UK; \"Provides an excellent overview of the key macroeconomic models with relevance for government policy. In doing so, it addresses not only the traditional models, but it also gives insights from recent research in this field.\"; Professor Jozef Konings; University of Liverpool, UK; \"This advanced textbook offers an interesting blend of analytical, quantitative and policy insights about the best means to model and assess different mechanisms of economic growth and macroeconomic policy questions.\"; Professor Sushanta Mallick; Queen Mary University of London, UK; \"This book covers a range of policy issues, such as fiscal policy, monetary policy, and innovation policy, in a coherent analytical framework, which has the advantage of helping students understand how different topics in macroeconomics relate to each other.\"; Professor Pietro Peretto; Duke University, USA; \"An excellent textbook that covers a substantial number of advanced macroeconomic topics. This is a wonderful learning and reference guide designed for undergraduate students who want to explore advanced macroeconomics and can be easily adopted at postgraduate level ... This stimulating book provides students with solid grounding and rigorous analysis of mathematical modelling. I particularly like the easy-to-follow structure and comprehensive language which are unique features possessed by this must-have book.\"; Professor Oleksandr Talavera; University of Birmingham, UK; \"This well written textbook expertly bridges the gap between the two levels of study ... In this way, students get well acquainted with the basic toolkit of modern macroeconomics, and the rigorous policy analysis shows them how and when the government can improve upon market outcomes.\"; Professor Akos Valentinyi; University of Manchester, UK;\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eA Static General-Equilibrium Model; The Neoclassical Growth Model; Dynamics of the Neoclassical Growth Model; The Neoclassical Growth Model with Elastic Labour Supply; Fiscal Policy: Government Spending; Fiscal Policy: Labour Income Tax; Fiscal Policy: Capital Income Tax; Monetary Policy in the New Keynesian Model; The Solow Growth Model; The Ramsey Model; The Ramsey Model with a Perfectly Competitive Market; The Ramsey Model with a Monopolistically Competitive Market; The Romer Model of Endogenous Technological Change; Scale Effect in the Romer Model; R\u0026amp;D Underinvestment and Subsidies; The Schumpeterian Growth Model; Appendix on Dynamic Optimization;","brand":"World Scientific Europe Ltd","offers":[{"title":"Default Title","offer_id":48741448384855,"sku":"9781786349125","price":63.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781786349125.jpg?v=1720057613"},{"product_id":"macroeconomic-policy-since-the-financial-crisis-9781788216555","title":"Macroeconomic Policy Since the Financial Crisis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eEconomic policymakers use various macroeconomic models, but how reliable are they in real-world conditions? Starting from the premise that all models are wrong, but some are useful, Matteo Iannizzotto introduces and explains the workings of the key economic models available for policymaking. He shows that the inconsistencies and contradictions evident in the real world require the economist to make choices about which models to adopt in certain circumstances and when not to rigidly adhere to a single approach.\u003c\/p\u003e  \u003cp\u003eThe book uses a clear and critical step by step analysis to consider the strengths and weaknesses of each model, in a way that enables students to develop their own critical engagement with macroeconomic policymaking. In so doing, the book provides an understanding of the world economy’s fluctuations since the global financial crisis that embraces the uncomfortable fact that inconsistency and the need for a multiplicity of models is central to macroeconomic policy choices.\u003c\/p\u003e  \u003cp\u003eFor the many students bewildered by the disconnect between the models in their textbooks and the policy choices so hotly debated in the press, the book will be essential reading.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAt last, a textbook that is willing to confront the messiness of macroeconomic policymaking. For undergraduates who expect to find clear links between what policymakers do and what economic theorizing suggests, this is the biggest step-change in the literature for a long time. It deserves to be widely read.\u003c\/p\u003e -- Peter Howells, Emeritus Professor of Monetary Economics, UWE, Bristol\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e1. The three equations model\u003c\/p\u003e  \u003cp\u003e2. Behind the three equations 1: the monetary rule and the IS curve\u003c\/p\u003e  \u003cp\u003e3. Behind the three equations 2: inflation and the Phillips curve\u003c\/p\u003e  \u003cp\u003e4. Expectations\u003c\/p\u003e  \u003cp\u003e5. The financial crisis of 2007\/08\u003c\/p\u003e  \u003cp\u003e6. Financial instability\u003c\/p\u003e  \u003cp\u003e7. The open economy\u003c\/p\u003e  \u003cp\u003e8. Fiscal policy\u003c\/p\u003e  \u003cp\u003e9. Broken shards of fiscal policy.\u003c\/p\u003e  \u003cp\u003e10 Ambiguities and problems\u003c\/p\u003e","brand":"Agenda Publishing","offers":[{"title":"Default Title","offer_id":48741584208215,"sku":"9781788216555","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"macroeconomic-risk-and-growth-in-the-southeast-asian-countries-insight-from-sea-9781837972852","title":"Macroeconomic Risk and Growth in the Southeast","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eASEAN economies have much insight to offer the world, from investor behaviour during COVID-19, and deep-rooted attitudes towards risk and corruption, to achievement of the Sustainable Development Goals through the gender perspective.\u003c\/p\u003e \u003cp\u003eThe authors examine complex and pressing issues, including: competing models of risk reporting, the effect of corporate governance on the Indonesian stock market, and the influence of stakeholders in influencing the level of disruptive innovation disclosure in 15 countries around the world.\u003c\/p\u003e \u003cp\u003e\u003cem\u003eISETE-33B\u003c\/em\u003e gives fresh insight into financial and economic issues in ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eChapter 1. A Bibliometric Analysis on Risk Reporting: A Systematic Literature Review; \u003cem\u003eYeni Priatnasari, Djoko Suhardjanto, Agung Nur Probohudono, and Setyaningtas Honggowati\u003c\/em\u003e\u003cbr\u003e Chapter 2. Financial Performance and Corporate Governance: Its Effect on Market Performance; \u003cem\u003eNur Imamah, Saparila Worokinasih, Zeni Firdayani, and Jung-Hua Hung\u003c\/em\u003e\u003cbr\u003e Chapter 3. Disruptive Innovation Disclosure Practices and Application of Stakeholder Theory;\u003cem\u003e Indrian Supheni, Djoko Suhardjanto, Rahmawati, and Agung Nur Probohudono\u003c\/em\u003e\u003cbr\u003e Chapter 4. The Prospect and Volatility of Stock Prices of Aviation Business; \u003cem\u003eErnie Hendrawaty, Rialdi Azhar, and Fajrin Satria Dwi Kesumah\u003c\/em\u003e\u003cbr\u003e Chapter 5. Financial Performance and Ownership Structure: Influence on Firm Value through Leverage;\u003cem\u003e Harmono Harmono, Sugeng Haryanto, Grahita Chandrarin, and Prihat Assih\u003c\/em\u003e\u003cbr\u003e Chapter 6. Achievement of Sustainable Development Goals in Gender Mainstreaming through the Gender and Development Perspective; \u003cem\u003eIzza Mafruhah and Indah Susilowati\u003c\/em\u003e\u003cbr\u003e Chapter 7. Institutional Ownership, Dividend Policy, Debt Policy, and Risk: An Analysis of Simultaneous Equation; \u003cem\u003eSt. Ibrah Mustafa Kamal and Eduardus Tandelilin\u003c\/em\u003e\u003cbr\u003e Chapter 8. Investor Behavior During Covid-19 Pandemic: Do They Herding?; \u003cem\u003eFirda Nosita and Rifqi Amrulloh\u003c\/em\u003e\u003cbr\u003e Chapter 9. CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries; \u003cem\u003eWinny Perwithosuci, Izza Mafruhah, Evi Gravitiani, and Tamat Sarmidi\u003c\/em\u003e\u003cbr\u003e Chapter 10. Capital, Liquidity, Profitability and Credit Risk Nexus: A Panel VAR Study on Selected Developing Countries; \u003cem\u003eMochammad Doddy Ariefianto and Irwan Trinugroho\u003c\/em\u003e\u003cbr\u003e Chapter 11. VaR Model for Managing Market Risk of Portfolio\u003cstrong\u003e; \u003c\/strong\u003e\u003cem\u003eFirman Pribadi, Arni Surwanti, and Wen-Chung Shih\u003c\/em\u003e\u003c\/p\u003e","brand":"Emerald Publishing Limited","offers":[{"title":"Default Title","offer_id":48741940658519,"sku":"9781837972852","price":85.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781837972852.jpg?v=1720059390"},{"product_id":"the-return-of-depression-economics-9781846142390","title":"The Return of Depression Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePaul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe.\u003cbr\u003e\u003cbr\u003eIn 1999, in \u003ci\u003eThe Return of Depression Economics\u003c\/i\u003e, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and warned that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback.In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible. \u003cbr\u003e\u003cbr\u003eIn this new, greatly updated edition of \u003ci\u003eThe Return of Depression Economics\u003c\/i\u003e, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style-lucid, lively, and supremely informed - this new edition of \u003ci\u003eThe Return of Depression Economics\u003c\/i\u003e will become an instant cornerstone of the debate over how to respond to the crisis.\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48742161678679,"sku":"9781846142390","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781846142390.jpg?v=1720060276"},{"product_id":"the-ethical-capitalist-how-to-make-business-work-better-for-society-9781847942210","title":"The Ethical Capitalist: How to Make Business Work","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e____________\u003c\/b\u003e\u003cb\u003e______\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003e*A road-map for a kinder, fairer capitalism \u003c\/i\u003e\u003ci\u003ethat is \u003c\/i\u003e\u003ci\u003efit for the 21st century*\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003e\u003ci\u003e\u003cb\u003eFinancial Times\u003c\/b\u003e\u003c\/i\u003e\u003cb\u003e Book of the Month\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e‘The founder of Richer Sounds is one of the finest entrepreneurs we have.’ Archie Norman, chairman of Marks \u0026amp; Spencer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e____________\u003c\/b\u003e\u003cb\u003e______\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eCapitalism has lost its way.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eEvery week brings fresh news stories about businesses exploiting their staff, avoiding their taxes, and ripping off their customers. Every week, public anger at the system grows. Now, one of Britain’s foremost entrepreneurs intervenes to make the case for putting business back firmly in the service of society, and setting out on a new path to a kinder, fairer form of capitalism. \u003cbr\u003e\u003cbr\u003eDrawing on four decades of hands-on management experience, the founder of Richer Sounds argues that ethically run businesses are invariably more efficient, more motivated and more innovative than those that care only about the bottom line. He uncovers the simple tools that the best leaders use to make their businesses fair, revealing how others can follow suit. And he also delves into the big questions that modern capitalism has to answer if it is to survive and to thrive.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThe founder of Richer Sounds is \u003cb\u003eone of the finest entrepreneurs we have\u003c\/b\u003e. -- Archie Norman, chairman of Marks \u0026amp; Spencer\u003cbr\u003eThis is \u003cb\u003ea real eye-opener \u003c\/b\u003efor people on the left and the right of the political spectrum. -- John Sentamu, the Archbishop of York\u003cbr\u003eWhat is the right order to rank the various stakeholders in a business? . . . One philosophy is that staff should come first. \u003cb\u003eThis perspective is put \u003c\/b\u003e\u003cb\u003eforward persuasively in a new book called \u003ci\u003eThe Ethical Capitalist\u003c\/i\u003e\u003c\/b\u003e, written by entrepreneur Julian Richer. I was briefly in business with Julian and came to admire his talents. \u003cb\u003eHe has huge energy, sound instincts, and enormous loyalty\u003c\/b\u003e to the staff in his retail firm Richer Sounds. -- Luke Johnson * Sunday Times *\u003cbr\u003e\u003cb\u003eIf you are thinking of a great book to read look no further than Julian Richer’s \u003ci\u003eThe Ethical Capitalist\u003c\/i\u003e.\u003c\/b\u003e -- James Timpson, Chief Executive, Timpson","brand":"Cornerstone","offers":[{"title":"Default Title","offer_id":48742229803351,"sku":"9781847942210","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781847942210.jpg?v=1720060554"},{"product_id":"free-lunch-thinking-8-economic-myths-and-why-politicians-fall-for-them-9781847942753","title":"Free Lunch Thinking: 8 Economic Myths and Why","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eCountries with smaller governments grow faster.\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eTobacco taxes are the best way to cut smoking.  \u003c\/b\u003e\u003cbr\u003e\u003cb\u003eGovernment regulation discourages entrepreneurshi\u003c\/b\u003e\u003cb\u003ep.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAward-winning investigative journalist Tom Bergin digs into eight mantras widely accepted by Western governments and, by talking to the people who promote those ideas and the workers, businesspeople and consumers who have felt their impacts, finds they often don't play out as expected. Smart, funny and incisive, \u003ci\u003eFree Lunch Thinking \u003c\/i\u003eis essential reading for anyone who really wants to know how economies tick - and why they often don't.\u003cbr\u003e_______________________________________________________________\u003cbr\u003e\u003cbr\u003e\u003cb\u003e'I couldn't put it down. \u003c\/b\u003eA thorough and nuanced examination of the evolution of supply side economics . . .\u003cb\u003e I loved it.' \u003c\/b\u003eArthur Laffer, creator of the Laffer Curve\u003cbr\u003e\u003cbr\u003e'An \u003cb\u003eentertaining and thought-provoking\u003c\/b\u003e exploration of economic theories that have been both widely accepted and largely wrong . . . I devoured it in a couple of sittings.' \u003ci\u003eReuters Breakingviews\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e'An insightful account of the recent history of economic thought. \u003cb\u003eIf you are looking for a book which challenges you without being annoying - make it this one\u003c\/b\u003e\u003ci\u003e.'\u003c\/i\u003e Institute of Economics Affairs\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAn essential read\u003c\/b\u003e if you want to know how economics has erred - and how it can do better.—Gabriel Zucman, author of 'The Hidden Wealth of Nations'\u003cbr\u003e\u003cbr\u003e\u003cb\u003eI couldn't put it down. \u003c\/b\u003e A thorough and nuanced examination of the evolution of supply side economics and the debates we had around how to put the theory into practice.\u003cb\u003e I loved it.\u003c\/b\u003e—Arthur Laffer, creator of the Laffer Curve\u003cbr\u003e\u003cbr\u003e\u003cb\u003eA brilliant tour de force \u003c\/b\u003eexposing the limitations of economic theories. Bergin punctures many accepted myths and - with care and rigour - demonstrates how much accepted economic orthodoxy is based on ideology and not reality. \u003cb\u003eA very readable and well-researched book that we all should read.\u003c\/b\u003e—Margaret Hodge, former chair of the UK parliament’s Public Accounts Committee\u003cbr\u003e\u003cbr\u003eAn \u003cb\u003eentertaining and thought-provoking\u003c\/b\u003e exploration of economic theories that have been both widely accepted and largely wrong . . . I devoured it in a couple of sittings.—\u003ci\u003eReuters Breakingviews\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eFantastically provocative book . . . a really great read.\u003c\/b\u003e—David McWilliams, economist and author","brand":"Cornerstone","offers":[{"title":"Default Title","offer_id":48742230065495,"sku":"9781847942753","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781847942753.jpg?v=1720060554"},{"product_id":"the-rise-of-china-and-structural-changes-in-korea-and-asia-9781848448551","title":"The Rise of China and Structural Changes in Korea","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book brings together studies conducted by researchers in East Asian countries who seek to better understand the impact of China's rise and the consequent policy challenges.\u003cp\u003eThe expert contributors illustrate that the rise of China and its integration with the rest of the world is one of the most important developments in the global economy. Over the past thirty years or so, China's economy has grown at nearly ten percent per annum with the expansion of the modern, export-oriented industrial sector, to become the third largest economy in the world and the second largest in trade. This book reviews the economic growth of East Asian countries since the 1990s and the various impacts that the rise of China has had on these countries. In particular, it addresses policy challenges faced in coping with the rise of China and maintaining economic growth.\u003c\/p\u003e\u003cp\u003eThis timely book will strongly appeal to academics and researchers focusing on East Asia and China as well as those interested in international trade, development and economic growth.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents:  Introduction Takatoshi Ito and Chin Hee Hahn  PART I: CHINA AS A GROWTH ENGINE OF ASIA AND THE WORLD 1. Post-1990s’ East Asian Economic Growth Danny Quah  2. China’s Economic Rise and its Impact Zhang Yunling  3. China’s Rise and East Asian Economies: Towards a Sino-Centric Regional Grouping? John Wong  PART Ⅱ: IMPACTS ON KOREA’S ECONOMY 4. Understanding the Post-Crisis Growth of the Korean Economy: Growth Accounting and Cross-Country Regessions Chin Hee Hahn and Sukha Shin  5. The Economic Growth of Korea Since the 1990s: Identifying Contributing Factors from Demand and Supply Sides Seok-Kyun Hur  PART Ⅲ: IMPACTS ON KOREAN FIRMS AND WORKERS 6. China’s Rise and Production and Investment Growth in Korean Manufacturing Industries: Channels and the Effects Chin Hee Hahn and Yong-Seok Choi  7. The Impact of Outward FDI on Export Activities: Evidence from the Korean Case Siwook Lee  8. The Rise of the Chinese Economy and Korea’s Job Growth Dae Il Kim  PART Ⅳ: IMPACTS ON OTHER COUNTRIES 9. The Rise of China and the Sustained Recovery of Japan Shin-ichi Fukuda  10. East Asian Production Networks and the Rise of China Fukunari Kimura  11. The Rise of China and Structural Change in Thailand Kanit Sangsubhan  Index","brand":"Edward Elgar Publishing Ltd","offers":[{"title":"Default Title","offer_id":48742244876631,"sku":"9781848448551","price":121.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781848448551.jpg?v=1720060613"},{"product_id":"life-insurance-in-europe-risk-analysis-and-market-challenges-9783030496548","title":"Life Insurance in Europe: Risk Analysis and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePart I\u003c\/b\u003e - Market Picture and Development Challenges.- European Life Insurance Market – Analysis of Current Situation and Development Prospects.- Social Determinants of Life Insurance in the European Union.- The Challenges Faced by Life Insurance Companies in the Baltic States.- The Turkish Life Insurance Market – An Evaluation of the Current Situation and Future Challenges.- The Role Played by EIOPA in the Developments in the Insurance Sector European Consumer Protection Model.- A New Model of Investment Life Insurance Distribution in the Context of Consumer Protection EU Policy.- Analysis of Capital Requirements in Life Insurance Sector under Solvency II Regime – Evidence from Poland.- \u003cb\u003ePart II\u003c\/b\u003e - Innovations and Risk Analysis.- Longevity-Linked Annuities: How to Preserve Value Creation Against Longevity Risk.- Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems.- The Challenges for Life Insurance Underwriting Caused by Changes in Demography and Digitalisation.- Innovation in Life Insurance: the Economic Landscape and the Insurance Distribution Directive.- Internet of Things (IoT): Considerations for Life Insurers.- Discussion of Reducing the Risk of Cancer in Life and Health Insurance.","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743037763927,"sku":"9783030496548","price":104.49,"currency_code":"GBP","in_stock":true}]},{"product_id":"defensive-expectations-reinventing-the-phillips-curve-as-a-policy-mix-9783030550448","title":"Defensive Expectations: Reinventing the Phillips","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book explains why inflation remains subdued after recessions, based on three revolutionary concepts: defensive expectations, compensatory savings, and cumulative wage gap. When income falls, consumption falls, and savings rise, as people rebuild their past wealth. Households will not spend more until they fully recover what they lost. The revised Phillips Curve explains that current inflation depends on the cumulative difference between current income and past income.\u003c\/p\u003e\u003cp\u003eThis new theory is tested and validated by data for US since 1960 to date and for 35 OECD countries from 1990 to date. A number of policy implications are derived from these results. The book calls for an optimal policy mix between monetary policy and fiscal policy; it also discusses the coronavirus crisis as an extreme case of defensive expectations.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e1. The Phillips Curve: what went wrong.- 2. An alternative theory of consumption.- 3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap.- 4. Empirical evidence.- 5. Policy implications.\u003c\/p\u003e  \u003cp\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743039631703,"sku":"9783030550448","price":71.24,"currency_code":"GBP","in_stock":true}]},{"product_id":"handbook-of-research-on-emerging-theories-models-and-applications-of-financial-econometrics-9783030541071","title":"Handbook of Research on Emerging Theories,","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis handbook presents emerging research exploring the theoretical and practical aspects of econometric techniques for the financial sector and their applications in economics. By doing so, it offers invaluable tools for predicting and weighing the risks of multiple investments by incorporating data analysis. Throughout the book the authors address a broad range of topics such as predictive analysis, monetary policy, economic growth, systemic risk and investment behavior.\u003c\/p\u003e  This book is a must-read for researchers, scholars and practitioners in the field of economics who are interested in a better understanding of current research on the application of econometric methods to financial sector data.\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction.- Exploratory Classification of Time-Series.- Predicting the tail behaviour of financial time series exchange\/Johannesburg stock exchange closing banking indices - Extreme value theory approach.- Financial Econometrics and Systemic Risk.- Monetary Policy Shocks, Financial Heterogeneity and Corporate Dynamic Investment Activity: Financial Heterogeneity and Corporate Dynamic Investment Activity.- Oil Price Scenarios: Its Economic and Fiscal Impacts on the Kuwait Economy.- Exchange Rate Sensitivity of Firm Value: Evidence from Non-Financial Firms Listed on Borsa Istanbul.- Limited Dependent Variables (Logit and Probit Models) and An Application on BIST-100: Logit and Probit Models.- Vector Autoregressive Model: Model and Analysis.-Construction of the Monetary Conditions Index with TVP-VAR Model: Empirical Evidences for Turkish Economy.- Monetary Policy Regimes, Fiscal Implications, and Policy Interactions among Developing Economies.- The impacts of transportation sector and unemployment on economic growth: Evidence from asymmetric causality.- ARCH Models and An Application on Exchange Rate Volatility: ARCH\u0026amp;GARCH MODELS.- Using CoGARCH Filtered Volatility in Modelling within ARDL Framework.- Performance of MS-GARCH Models: Bayesian MCMC based estimation.- Volatility Spillovers Between Oil Prices and BIST (Borsa Istanbul) Dividend Indexes: Oil Prices and Dividend Indexes.- Volatility Spillovers Between Oil Prices and BIST (Borsa Istanbul) Dividend Indexes: Oil Prices and Dividend Indexes.- Panel Data Analysis.- An Amalgamation of big data analytics with tweet feeds for Stock Market Trend Anticipating Systems- A Review: Big data analytics with tweet feeds for Stock Market Trend Anticipating Systems.- Capital Structure Adjustment Speed: Evidence from Borsa Istanbul Sub-Sectors.\u003cp\u003e \u003c\/p\u003e","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743039861079,"sku":"9783030541071","price":142.49,"currency_code":"GBP","in_stock":true}]},{"product_id":"macroeconomic-policy-demystifying-monetary-and-fiscal-policy-9783030920609","title":"Macroeconomic Policy: Demystifying Monetary and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. Significantly updated for the fourth edition, the text provides an understanding of the global economy in the wake of the COVID crisis, discussing topics such as pandemic related supply and demand-side shocks, the role of Modern Monetary Theory (MMT) in financing COVID rescue plans, the effect of the US, India, Eurozone and China’s post-COVID economies on emerging and transitioning economies, and the resurgence of inflation. This edition includes deeper coverage on the issue of budget deficit sustainability and on trade wars, especially in a global context, and revisits the life cycles of speculative asset price (SAP) bubbles, especially in the housing markets and in SPACs.\u003c\/p\u003e\u003cp\u003e The fourth edition contains several brand-new cases and media articles that are carefully positioned to relate explicitly to theory, and to look ahead to and preempt global macro situations and polices in the years to come. MBA students and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the book extremely useful.\u003cbr\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter 1. Introduction and Overview of the Fourth Edition.- Chapter 2. National Income Accounts.- Chapter 3. Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity.- Chapter 4. Aggregate Demand: Setting the Stage for Demand-Side Stabilization.- Chapter 5. Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between.- Chapter 6. Long-Term Interest Rates, the Yield Curve, and Hyperinflation.- Chapter 7. ISLM: The Engine Room.- Chapter 8. The Classical Model.- Chapter 9. The Keynesian Model.- Chapter 10. The Supply-Side Model and the New Economy.- Chapter 11. After Covid: MMT and other Major Global Macropolicy Issues.- Chapter 12. Central Banks and Monetary Policy.","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743057752407,"sku":"9783030920609","price":52.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783030920609.jpg?v=1723812627"},{"product_id":"wall-street-s-assault-on-democracy-how-financial-markets-exacerbate-inequalities-9783031290930","title":"Wall Street’s Assault on Democracy: How Financial","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eOn November 24, 2020, in the midst of a global pandemic, the Dow Jones Index surpassed 30,000 points for the first time ever. This historic moment exposed the incredible disconnect between financial markets and society.\u003cp\u003eThe stock market’s one hundred percent rebound was triggered by a massive injection of capital by the US Federal Reserve and by fiscal stimulus measures that reached $16 trillion globally in only a year. It was the taxpayer who came to the aid of the shareholders. This imbalance between low- and high-income individuals has become unbearable and calls into question the mechanisms that allow such an abuse of financial power to exist. This abuse has allowed populism to flourish, in a world where humanism should prevail.\u003c\/p\u003e  \u003cp\u003eThis book invites the reader to understand how such a financial drift of capitalism was even possible and proposes reforms to correct the system. Written by the former Group Executive Vice President for International \u0026amp; Research at the New York Stock Exchange, this volume provides concrete solutions for democratizing financial markets and reintroducing the morals and ethics that these markets and its leaders are so sorely lacking.\u003c\/p\u003e  \u003cp\u003eUgeux argues that the purpose of such reforms is to reduce the inequalities which are plaguing our democracies. Citizens are losing hope that equity exists in the system and it has become clear, as fundamental liberties like right voting rights are being threatened – that the problem lies much deeper. Ugeux insists that a change of perspective and a redefinition of societal goals is essential: social and solidarity capitalism is possible only if our leaders listen to the expectations of their citizens.\u003c\/p\u003e  \u003cp\u003eWhile it is supported by research and facts, this book includes elements of opinion essays with an educational objective. It aims to educate readers who want to better understand these complex issues, without having to be specialists.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction: Wall Street’s denial.- The disconnect with the real economy","brand":"Springer International Publishing AG","offers":[{"title":"Default Title","offer_id":48743079444823,"sku":"9783031290930","price":22.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783031290930.jpg?v=1720064022"},{"product_id":"macroeconomic-theory-fluctuations-inflation-and-growth-in-closed-and-open-economies-9783319921310","title":"Macroeconomic Theory: Fluctuations, Inflation and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eMacroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England’s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction.- 1. Macroeconomics.- 2. Mathematical Tool: Dynamical Systems.- 3. Book Layout.- Part I: Models with Flexible Prices.- Chapter 1 - The Representative Agent Model.- 1. Basic Model.- 2. Economy with a Government.- 3. Monetary Economy.- 3.1 Monetary Policy Rule: Money Stock Control.- 3.2 Monetary Policy Rule: Nominal Interest Rate Control.- 4. Real Business Cycles.- 5. Exercises.- Chapter 2 - The Open-Economy Representative Agent Model.- 1. Goods Aggregation.- 2. Constant Rate of Time Preference.- 3. Variable Rate of Time Preference.- 3. Interest Rate Risk Premium.- 4. The New Keynesian IS Curve.- 5. Exercises.- Chapter 3 - Overlapping Generations.- 1. Infinite-Live Overlapping Generations.- 2. Economy with a Government.- 3. Open Economy.- 4. Open Economy New Keynesian IS Curve.- 5. Finite-Lice Overlapping Generations.- 6. Exercises.- Chapter 4 - The Solow Growth Model.- 1. The Solow Model.- 2. The Solow Model with Human Capital.- 3. The Solow Model in the Small Open Economy.- 4. Growth Accounting.- 5. Exercises.- Chapter 5 - Economic Growth: Endogenous Savings and Growth.- 1. The Ramsey-Cass-Koopmans Model.- 2. Overlapping Generations Model.- 3. Endogenous Growth Models: An Introduction.- 4. The AK Model.- 5. The Acemoglu-Ventura AK Model of an Open Economy.- 6. The Lucas Human Capital Model.- 7. Romer’s Varieties of Inputs Model.- 8. Aghion and Howit’s Schumpeterian Model.- 9. Exercises.- Part II: Models with Sticky Prices.- Chapter 6 - Keynesian Models: The IS and LM Curves, the Taylor Rule, and the Phillips Curve.- 1. The Keynesian IS Curve.- 2. The New Keynesian IS Curve.- 2.1. Consumer Preferences.- 2.2. Consumer Equilibrium: The Euler Equation.- 2.3. The New Keynesian IS Curve: Discrete Variables.- 2.4. New Keynesian IS Curve: Continuous Variables.- 3. Natural Interest Rate.- 4. The LM Curve.- 5. The LM Curve: Microfoundations.- 5.1. Money in the Utility Function (MIU).- 5.2. Cash in Advance Constraint (CIA).- 5.3. Transaction Cost.- 6. The Taylor Rule.- 7. The Phillips Curve.- 8. The New Keynesian Phillips Curve.- 9. Exercises.- Chapter 7 - Economic Fluctuation and Stabilization.- 1. Keynesian Model: Inflation Inertia.- 2. Keynesian Model: No Inflation Inertia.- 3. New Keynesian Model.- 4. Encompassing Keynesian Model.- 5. Friedman’s Model.- 6. Exercises.- Chapter 8 - Open Economy Macroeconomics.- 1. Arbitrage Pricing of Goods and Services.- 1.1. Absolute Purchasing Power Parity.- 1.2. Relative Purchasing Power Parity.- 1.3. Tradable and Non-Tradable Goods.- 1.4. Terms of Trade and Real Exchange Rate.- 2. Interest Rate Arbitrage.- 2.1. Uncovered Interest Rate Parity.- 2.2. Exchange Rate Determination.- 2.3 Covered Interest Rate Parity.- 2. 4. Uncovered Real Interest Rate Parity.- 3. The Marshall-Lerner Condition.- 4. Open Economy IS Curve.- 4.1 Keynesian IS Curve.- 4.2. New Keynesian IS Curve.- 5. Natural Exchange Rate.- 6. Open Economy Taylor Rule.- 7. Open Economy Phillips Curve.- 7.1 Keynesian Phillips Curve.- 7.2 New Keynesian Phillips Curve.- 8. Exercises.- Chapter 9 - Economic Fluctuation and Stabilization in an Open Economy.- 1. Mundell-Fleming-Dornbusch Model: Fixed Exchange Rate.- 2. Extended Mundell-Fleming-Dornbusch Model: Fixed Exchange Rate.- 3. New Keynesian Model: Fixed Exchange Rate.- 4. Mundell-Fleming-Dornbusch Model: Flexible Exchange Rate.- 5. Extended Mundell-Fleming-Dornbusch Model: Flexible Exchange Rate.- 6. New Keynesian Model: Flexible Exchange Rate.- 7. Exercises.- Part III: Models of Monetary and Fiscal Policies.- Chapter 10 - The Government Budget Constraint.- 1. Treasury and Central Bank Accounts Consolidation.- 2. 2. Public Debt Sustainability.- 2.1. Constant Primary Deficit (Surplus).- 2.2. Variable Primary Deficit (Surplus).- 3. Inflation Tax.- 4. Hyperinflation.- 4.1. Bubble.- 4.2. Multiple Equilibria.- 4.3. Fiscal Crisis and Rigidity.- 4.4. Intertemporal Approach: Fiscal Crisis and Rational Expectations.- 5. Ricardian Equivalence.- 6. Fiscal Theory of the Price Level.- 7. Sustainable Monetary Regime.- 8. Exercises.- Chapter 11 - Monetary Theory and Policy.- 1. Price of Money.- 1.1 Bubbles vs. Fundamentals.- 1.2 Multiple Equilibria.- 1.3 Indeterminacy.- 2. Optimum Quantity of Money.- 3. Zero Lower-Bound Nominal Interest Rate.- 4. Dynamic Inconsistency.- 5. Interest Rate Smoothing.- 5.1 Keynesian Model.- 7.2 New Keynesian Model.- 6. Inflation Targeting.- 7. Operational Monetary Policy Procedures.- 8. The Term Structure of Interest Rates.- 9. Exercises.- Part IV: Mathematical Appendix.- Appendix A - Differential Equations.- 1. First-Order Linear Differential Equation.- 2. Second-Order Linear Differential Equation.- 3. First-Order Linear Differential Equations System.- 4. Linear System of n First-Order Differential Equations.- 5. Initial and Terminal Conditions of the Differential Equations System’s Solution.- 6. Hysteresis.- 7. Exercises.- Appendix B - Optimal Control Theory.- 1. Optimal Control: Basic Problem.- 2. Hamiltonian and Transversality Condition.- 3. Optimal Control with a Discount Rate and Infinite Horizon.- 4. Linear Optimal Control.- 5. Comparative Dynamics.- 5.1 Permanent Change: Unanticipated vs. Anticipated.- 5.2 Transitory Change: Unanticipated vs. Anticipated.- 6. Exercises.- Appendix C - Finite Differences Equations.- 1. First-Order Finite Differences Equation.- 2. Forward- and Backward-Looking Models.- 3. Keynesian Model.- 4. New Keynesian Model.- 5. Encompassing Keynesian Model.- 6. Hybrid Models.- 7. Hybrid New Keynesian Model.- 8 Exercises","brand":"Springer International Publishing AG","offers":[{"title":"Default Title","offer_id":48743109362007,"sku":"9783319921310","price":79.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783319921310.jpg?v=1720064151"},{"product_id":"maximum-government-maximum-governance-reframing-indias-macroeconomic-9789388540056","title":"Maximum Government, Maximum Governance: Reframing","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAusterity, Fiscal consolidation, Fiscal discipline and Fiscal deficit targets have become the buzzwords of contemporary macroeconomic policy. By tracing the history of macroeconomic schools of thought, maximum government, maximum governance explores the origins, essence, shortcomings and deception of mainstream neoliberal Macroeconomics. Arguing that economies are financially constrained, neoliberal macroeconomics dislodged full employment as the target of policy replacing it with a low and stable inflation target. Monetary policy under the control of an independent central Bank became the primary instrument to assist free and globalized markets to propel economies towards full employment.","brand":"Manohar Publishers and Distributors","offers":[{"title":"Default Title","offer_id":48743251247447,"sku":"9789388540056","price":39.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789388540056.jpg?v=1720064779"},{"product_id":"limitless-supply-new-economy-in-the-digital-era-9789811247156","title":"Limitless Supply: New Economy In The Digital Era","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eScarcity hypothesis is the cornerstone of traditional economic theory. However, in the digital era, new products such as Windows, Android, and Wechat have been introduced to the market. Traditional economic theory may not be able to explain various nez economic phenomena in the digital era. This book creatively proposes the concept of limitless supply and then discusses its implications for economy at both macro and micro-levels.It analyses and summarizes the basic features of limitless supply products, and compares the differences and similarities of how limited supply and limitless supply products are manufactured and marketed. The book also provides reasons for why manufacturers of limitless supply products create intangible assets. It argues  that the scale of an enterprise producing limitless supply products depends on the number of users, whereas the scale of an enterprise producing limited supply products depends on the production capacity.This book is mainly written to construct a preliminary, simple, yet relatively comprehensive economic theory framework for limitless supply, and to interpret the phenomena and corporate behaviour. It further explores how enterprises providing limitless supply products grow financially. It also proposes the fundamental difference in growth models between enterprises providing limitless supply products and those providing limited supply products. The book also looks at how growth models can achieve fission growth.","brand":"World Scientific Publishing Co Pte Ltd","offers":[{"title":"Default Title","offer_id":48743282508119,"sku":"9789811247156","price":63.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811247156.jpg?v=1720064913"},{"product_id":"covid-19s-economic-impact-and-countermeasures-in-china-9789811252914","title":"Covid-19's Economic Impact And Countermeasures In","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines.At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term.","brand":"World Scientific Publishing Co Pte Ltd","offers":[{"title":"Default Title","offer_id":48743284474199,"sku":"9789811252914","price":130.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811252914.jpg?v=1720064920"},{"product_id":"studies-in-international-economics-and-finance-essays-in-honour-of-prof-bandi-kamaiah-9789811670619","title":"Studies in International Economics and Finance:","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the International Macroeconomics section discuss critical topics like aggregate level macro model for India with a new Keynesian perspective, balance of payments, service sector exports, foreign exchange constraints for import demands, foreign direct investment and knowledge spill over, the relationship between forex rate fluctuation and investment, Institutional quality-trade openness-economic growth nexus, currency crises and debt-deficit relationship in the BRICS countries in the backdrop of COVID-19. Apart from these, various analytical issues related to macroeconomic policies are also covered in this section. The topics discussed includes the nature of forex market interventions, the issue of disinvestment and privatization, changing nature of fiscal policy, the inflation-growth nexus, macroeconomic simulation modelling, measuring core inflation, central bank credibility, monetary policy, inflation targeting, Infrastructure, trade, unemployment and inequality nexus. In the International Finance section, topics such as COVID-19 induced financial crisis, commodity futures volatility, stock market connectivity, volatility persistence, determinants of sovereign bond yields, FII and stock market volatility, cryptocurrency price formation, financialization of Indian commodity market, and a Keynesian view of the financial crisis are discussed.  Overall, thirty two chapters in the volume discuss cutting edge research in the areas of the two sections. \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eA tour de force... a lucid guide to some of the diverse and complex issues in International Macroeconomics and Finance. This collection of scholarly works is a fitting tribute to respected Prof. Bandi Kamaiah and his enviable academic contributions.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e-          \u003cb\u003eProf. Y V Reddy\u003c\/b\u003e, Former Governor, Reserve Bank of India \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eThis volume comprising thoughtful essays by our leading scholars on some of important policy issues that India is facing is indeed a rich tribute to Professor Bandi Kamaiah . This book will greatly benefit the academic community as well as our policy makers.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e-          \u003cb\u003eProf. Vijay Kelkar\u003c\/b\u003e, Chairman, 13th Finance Commission of India; Chairman, India Development Foundation, Mumbai, India \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eNoted economists from India and abroad gather to apply the rigorous searchlight that Professor Bandi Kamaiah used so effectively in his career. Major current topics in macroeconomics and international finance are effectively explored in the volume.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e-          \u003cb\u003eProf. Ashima Goyal\u003c\/b\u003e,\u003cb\u003e \u003c\/b\u003eEmeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, India;  and Member, Monetary Policy Committee of Reserve Bank of India \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eThis volume of 32 papers in macroeconomics, international economics, and international finance is intended as a tribute to the eminent econometrician , Prof B Kamaiah. Post-graduate students and researchers will find much valuable literature in the volume, which is a fitting tribute to Prof Kamaiah. The editors and authors deserve rich compliments.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e-          \u003cb\u003eProf. K L Krishna\u003c\/b\u003e, Former Director, Delhi School of Economics, New Delhi, India \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eI am so happy to hear that Dr. Kamaiah's colleagues and ex-students are bringing out a special volume of articles in his honor. Nothing can be more appropriate. Dr. Kamaiah, being a man of tremendous publications, deserves this tribute.  I wish all the luck and success to the new book.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e-          \u003cb\u003eProf. Kishore Kulkarni\u003c\/b\u003e, Distinguished Professor of Economics, Metropolitan State University of Denver, USA\u003c\/p\u003e\u003cul\u003e\u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eA New Keynesian AD-AS Model for India, Incorporating the effect of Covid-19 Pandemic.- Indian Economics: Tragedy of a Forsaken Legacy.- Changing Contours of Union-State Relations.- Disinvestment and Privatisation of Central Public Sector Enterprises in India: Need And Progress.- Fiscal Stimulus and the Ghost of Keynes: An Evolutionary Chronicle.- The Global Financial Crisis and Discontent in Macroeconomics: A Revisit by a Pedestrian Keynesian.- Trade, Unemployment and Inequality in Product Variety Models - An Analytical Survey.- Evolution of Debt and Deficit in BRICS countries: Covid-19 shock and post-Covid prospects.- Do Absorptive Capacities matter for FPI-Growth Nexus?  Evidence from Cross-country Analysis.- Corruption and Economic Growth: Empirical Evidence from BRICS Nations.","brand":"Springer Verlag, Singapore","offers":[{"title":"Default Title","offer_id":48743290863959,"sku":"9789811670619","price":97.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811670619.jpg?v=1723812658"},{"product_id":"too-little-too-late-the-quest-to-resolve-sovereign-debt-crises-initiative-for-policy-dialogue-at-columbia-challenges-in-development-and-globalization-9780231179263","title":"Too Little Too Late The Quest to Resolve","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and do too little. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThe international debt regime desperately needs fixing. The debate over how to fix it, for its part, desperately needs systematic analysis, which is precisely what we get from this important volume. Critics of the current regime may not agree with everything proposed here, but they cannot afford to ignore it. -- Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley In a world awash with debt, effective procedures for restructuring excessive debt burdens are essential but sorely lacking when it comes to sovereign borrowers. Better arrangements which can benefit both debtors and creditors need to reflect economic, legal, and political considerations. Too Little, Too Late pulls together powerful insights from each of these disciplines, and makes a major contribution to a crucially important policy debate. -- Adair Turner, author of Between Debt and the Devil: Money, Credit, and Fixing Global Finance Addressing the longstanding question of whether it is possible to improve the methods and legal\/institutional framework for sovereign debt restructuring, this book answers in the affirmative and provides a number of concrete proposals for how this might be accomplished. With strong analytical chapters from preeminent scholars and practitioners, this book will appeal to academic and policy audiences alike. -- Jeremiah Pam, Columbia University Well timed... An excellent resource on a topic likely to become important in the near future. Financial Analyst Journal\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eAcknowledgments Introduction, by Martin Guzman, Jose Antonio Ocampo, and Joseph E. Stiglitz Part I: General Issues of Sovereign Debt Restructuring 1. Creating a Framework for Sovereign Debt Restructuring that Works, by Martin Guzman, Jose Antonio Ocampo, and Joseph E. Stiglitz 2. Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives, by Marilou Uy and Shichao Zhou 3. Private Creditor Power and the Politics of Sovereign Debt Governance, by Skylar Brooks and Domenico Lombardi Part II: Two Case Studies: Argentina and Greece 4. From the Pari Passu Discussion to the Illegality of Making Payments, by Sergio Chodos 5. Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored, by Yanis Varoufakis Part III: Improvements to the Contractual Approach 6. Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds, by Anna Gelpern, Ben Heller, and Brad Setser 7. Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do, by Richard Gitlin and Brett House 8. Sovereign Debt Restructuring: A Coasean Perspective, by James A. Haley 9. Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns, by Timothy B. DeSieno Part IV: Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization 10. A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument, by Jose Antonio Ocampo 11. Toward a Multilateral Framework for Recovery from Sovereign Insolvency, by Barry Herman 12. Making a Legal Framework for Sovereign DebtRestructuring Operational, by Jurgen Kaiser 13. Perspectives on a Sovereign Debt Restructuring Framework: Less Is More, by Richard A. Conn Jr. 14. Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute?, by Robert Howse 15. Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model, by Kunibert Raffer Contributors Index","brand":"Columbia University Press","offers":[{"title":"Default Title","offer_id":48864257376599,"sku":"9780231179263","price":54.4,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780231179263.jpg?v=1722271103"},{"product_id":"my-journeys-in-economic-theory-9780231207300","title":"My Journeys in Economic Theory","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eEdmund Phelps is among the most important economists of his generation. In this book, Phelps tells the story of his role in reshaping economic theory, offering a powerful personal account of a creative and rewarding career.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA Best Book in Economics for 2023. -- Martin Wolf * Financial Times *\u003cbr\u003eElegant. * Wall Street Journal *\u003cbr\u003eEdmund Phelps is a renaissance intellectual among economists. He’s been producing ideas that are new, good, and fundamental for sixty years. His has been a remarkable life, and this extraordinary volume tells its story. -- Lawrence H. Summers, former U.S. secretary of the treasury\u003cbr\u003ePhelps is a crown jewel of the economics profession. A scholar of striking originality, he also possesses the persistence and eloquence to get his unorthodox ideas across. This memoir shows vividly how he manages to do that. -- Eric Maskin, winner of the Nobel Memorial Prize in Economic Sciences\u003cbr\u003ePhelps has written a typically lucid intellectual biography of his often solitary and always courageous voyage through economics as a fiercely independent and creative theorist who has profoundly influenced modern economics. The book provides nuance and background for his many contributions and is a valuable history of modern economic thought by a scholar who shaped it. -- James Heckman, winner of the Nobel Memorial Prize in Economic Sciences\u003cbr\u003eNobel laureate Edmund Phelps has written a delightful, and often exhilarating, story of intellectual discovery and creativity. This travelogue in economic theory draws the reader into the great economic debates of the last half century. Phelps exposes the brilliance and fallibility of great economists while forcefully driving home the essential and personal nature of human accomplishment. -- Philip K. Howard, author of \u003ci\u003eThe Death of Common Sense: How Law Is Suffocating America\u003c\/i\u003e\u003cbr\u003eThis gem of a book is the moving and candid memoir by one of the deepest and widest-ranging economists of our time. It is also unusual in laying bare the fits and starts that are an inevitable part of the creative process. -- Partha Dasgupta, author of \u003ci\u003eTime and the Generations: Population Ethics for a Diminishing Planet\u003c\/i\u003e\u003cbr\u003eIn Edmund Phelps’s latest journey, he discovers a revolutionary theory of the good life: Beyond providing leisure and material comforts, a modern economy engages participants in adventure and self-discovery. These profound ideas mesh with his own story, told here beautifully and honestly. -- Richard Robb, author of \u003ci\u003eWillful: How We Choose What We Do\u003c\/i\u003e\u003cbr\u003eIn this engaging memoir, Phelps takes us on a journey from a childhood and lifelong fascination with creativity to a Nobel Prize and beyond, explaining the why of dynamism, the what of innovation, and the how of rewarding work. A must-read for any lover of economic ideas. -- Glenn Hubbard, author of \u003ci\u003eThe Wall and the Bridge: Fear and Opportunity in Disruption’s Wake\u003c\/i\u003e\u003cbr\u003ePhelps has always been one of the most brilliant and most deep-thinking of the economists who came of age in the 1960s. This memoir impresses the reader with how deeply and broadly he has been thinking throughout his career. \u003ci\u003eMy Journeys in Economic Theory\u003c\/i\u003e will repair the ignorance of the underappreciated depth of Phelps’s contributions. -- J. Bradford DeLong, author of \u003ci\u003eSlouching Towards Utopia: An Economic History of the Twentieth Century\u003c\/i\u003e\u003cbr\u003eThis is a compelling and timely argument. That Ned Phelps is still making it forcefully...is reason enough to recommend the book. -- Michael Liss * 3 Quarks Daily *\u003cbr\u003eThis is a book that merits perseverance and hard work. -- Paschal Donohoe * Irish Times *\u003cbr\u003eI am definitely more wiser on economic theories and more inspired after reading about the life of Edmund Phelps. * Conscientious Reflections *\u003cbr\u003eWill intrigue anyone with an interest in the interdisciplinary nature of social science. -- Tej Parikh * Financial Times *\u003cbr\u003eEnchanting...he is thinking new things and also important and uplifting things. -- Martin Wolf * Financial Times *\u003cbr\u003eAs we look ahead to a century dominated by artificial intelligence and the challenges of automation, the questions that Phelps is studying—about how to provide meaningful work so that society can flourish—continue to be of vital importance. * Amherst Magazine *\u003cbr\u003eI would recommend Phelps’s book to anyone who is interested in the evolution of economic theories....students of philosophy, political sciences or history may also find benefit and pleasure in reading the book. * Central Banking *\u003cbr\u003eA great read. * The Hub *\u003cbr\u003eA recollection of candour, cause, and consequence. * Blogternator *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface\u003cbr\u003eIntroduction: Formative Years\u003cbr\u003e1. Starting My Career: Golden Rule of Saving and Public Debt\u003cbr\u003e2. A New Direction: Uncertainty and Expectations\u003cbr\u003e3. Unemployment, Work’s Rewards, and Job Discrimination\u003cbr\u003e4. Altruism and Rawlsian Justice\u003cbr\u003e5. Supply-Siders, New “Classicals,” and an un-Keynesian Slump\u003cbr\u003e6. A Revolutionary Decade\u003cbr\u003e7. A \u003ci\u003eFestschrift\u003c\/i\u003e, a Nobel, and a New Horizon\u003cbr\u003e8. The Great Wave of Indigenous Innovation, Meaningful Work, and the Good Life\u003cbr\u003eEpilogue\u003cbr\u003eAcknowledgments\u003cbr\u003eNotes\u003cbr\u003eIndex","brand":"Columbia University Press","offers":[{"title":"Default Title","offer_id":48864264126807,"sku":"9780231207300","price":58.77,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780231207300.jpg?v=1722271137"},{"product_id":"recursive-macroeconomic-theory-the-mit-press-9780262038669","title":"Recursive Macroeconomic Theory The MIT Press","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sample applications.\u003c\/b\u003e\u003cp\u003eRecursive methods provide powerful ways to pose and solve problems in dynamic macroeconomics. \u003ci\u003eRecursive Macroeconomic Theory\u003c\/i\u003e offers both an introduction to recursive methods and more advanced material. Only practice in solving diverse problems fully conveys the advantages of the recursive approach, so the book provides many applications. This fourth edition features two new chapters and substantial revisions to other chapters that demonstrate the power of recursive methods.\u003cbr\u003e \u003cbr\u003eOne new chapter applies the recursive approach to Ramsey taxation and sharply characterizes the time inconsistency of optimal policies. These insights are used in other chapters to simplify recursive formulations of Ramsey plans and credible government policies. The second new chapter explores the mechanics of matc\u003c\/p\u003e","brand":"MIT Press","offers":[{"title":"Default Title","offer_id":48864300237143,"sku":"9780262038669","price":96.3,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780262038669.jpg?v=1722271298"}],"url":"https:\/\/bookcurl.com\/collections\/macroeconomics.oembed?page=4","provider":"Book Curl","version":"1.0","type":"link"}