Macroeconomics Books

Book SynopsisEconomic Policy presents an authoritative selection of articles which have played a key role in influencing the direction of economic theory and methodology and thus the policy presecriptions which macroeconomists give to decision-makers. Volume I contains the most influential articles which have shaped the main debates in macroeconomic theory since its foundation. It covers such topics as the debate between Keynes and the Keynesians, the dispute between Keynes and the monetarists, the rational expectation revolution and critiques of that approach, and the debate between New Classical theorists and 'new' Keynesian theorists. Also included are papers which have defined alternative methodological approaches to modelling the macroeconomy.Volume II investigates some important applications of economic policy analysis. It examines some of the key economic problems on the political agenda such as the record of monetarism, the problems of trade and structural unemployment, European monetary integration and the reform of post-Communist societies and assesses the extent to which economic research throws light on these problems.Table of Contents5.11.96 THE INTERNATIONAL LIBRARY OF COMPARATIVE PUBLIC POLICY Economic Policy – Paul Whiteley Volume I: Theoretical Debates Introduction Part I: Keynesianism and Monetarism 1. J.M. Keynes (1937), ‘The General Theory of Employment’ 2. J.R. Hicks (1937), ‘Mr Keynes and the “Classics”: A Suggested Interpretation’ 3. A.W. Phillips (1958), ‘The Relation Between Unemployment and the Rate of Change in Money Wage Rates in the United Kingdom 1861-1957’ 4. M. Friedman (1968), ‘The Role of Monetary Policy’ 5. F. Modigliani (1977), ‘The Monetarist Controversy or, Should We Forsake Stabilization Policies?’ 6. C.D. Romer and D.H. Romer (1989), ‘Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz’ 7. R.J. Gordon (1990), ‘What is New-Keynesian Economics?’ 8. L. Ball, N. G. Mankiw and D. Romer (1988), ‘The New Keynesian Economics and the Output-Inflation Trade-off’ [82] Part II: Rational Expectations and New Classical Theory 9. R.E. Lucas, Jr. (1976), ‘Economic Policy Evaluation: A Critique’[28] 10. T.J. Sargent and N. Wallace (1976), ‘Rational Expectations and the Theory of Economic Policy’ 11. F. E. Kydland and E.C. Prescott (1977), ‘Rules Rather than Discretion: The Inconsistency of Optimal Plans’ [19] 12. R.J. Shiller (1981), ‘Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends’ [15] 13. W.H. Buiter (1980), ‘The Macroecnomics of Dr Pangloss: A Critical Survey of the New Classical Macroeconomics’ 14. M.C. Lovell (1986), ‘Tests of the Rational Expectations Hypothesis’ Part III: Methodological Debates 15. R. Frisch (1936), ‘Note on the Term "Econometrics’ 16. M. Nerlove (1966), ‘A Tabular Survey of Macro-Econometric Models’ 17. C.A. Sims (1980), ‘Macroeconomics and Reality’ 18. D.F. Hendry (1980), ‘Econometrics – Alchemy or Science?’ 19. D.F. Hendry and J.-F. Richard (1982), ‘On the Formulation of Empirical Models in Dynamic Econometrics’ 20. E.E. Leamer (1983), ‘Let‘s Take the Con Out of Econometrics’ 21. R. Eisner (1989), ‘Divergences of Measurement and Theory and Some Implications for Economic Policy’ 22. D.F. Hendry and N.R. Ericsson (1991), ‘An Econometric Analysis of U.K. Money Dmand in Monetary Trends in the United States and the United Kingdom by Milton Friedman and Anna J. Schwartz’ Volume I: 586 pp Volume II: Applications Part I: Thatcherism and the Economy 1. C. Bean and J. Symons (1989), ‘Ten Years of Mrs T.’ Part II: The Political Business Cycle 2. A. Alesina (1989), ‘Politics and Business Cycles in Industrial Democracies’ Part III: European Monetary Union 3. B. Eichengreen (1993), ‘European Monetary Unification’ Part IV: Trade and Employment 4. J.D. Sachs and H.J. Shatz (1994), ‘Trade and Jobs in U.S. Manufacturing’ Part V: European Unemployment 5. C.R. Bean (1994), ‘European Unemployment: A Survey’ Part VI: Extreme Inflation 6. R. Dornbusch, F. Sturzenegger and H. Wolf (1990), ‘Extreme Inflation: Dynamics and Stabilization’ Part VII: The Economic Reform of Communism 7. S. Fischer (1992), ‘Stabilization and Economic Reform in Russia’ Volume II: 389 pp

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Book SynopsisEconomic Theory and Reality presents Tibor Scitovsky's latest thinking on the relationship between economic theory and economic reality. This volume features discussion of many of the important theoretical contributions made to economics over the last 40 years including the Keynesian revolution and the ideas of Lerner, Steindl, Hirsch, Frank and many others who extended and enhanced the economist's toolbox.Professor Scitovsky's attempt to make economic theory more realistic and thereby more useful is the subject of the first part of the volume which includes his work on the necessity of asymmetric markets, some market power and righteous behaviour as conditions of a progressive and properly functioning market economy. The second major theme is the shortcomings of the real-world economy and, in particular, its failure to maintain macroequilibrium, price stability and full employment. This part includes examinations of inflexible wages and prices, excessive claims, positional goods, and the impact of second-hand markets on the macroeconomy. Economic Theory and Reality improves access to Professor Scitovsky's most important recent work, much of which was originally published either in foreign languages or outside the mainstream literature. As well as improving our understanding of his approach to economics and the contributions which he has made to scholarship, this book addresses key questions about the relevance of economic theory and its future direction.Trade Review'It is a book that is well worth having on the shelf. Economic theorists (macro and mirco), applied economists and welfare economists, and even economic consultants, have all much to gain from reading this book and returning to it at regular intervals. It will remind them all of some fundamental truths and confusions that the economics profession has to deal with.' -- John Stark, The Business Economist'His ability to remain original, thought-provoking and succinct, and to maintain his curiosity for so long, must be the envy of us all.’ -- Maurice Scott, The Economic JournalTable of ContentsThe benefits of asymmetric markets - 1990; the debate on socialist economic planning in today's perspective - 1993; Lerner's contribution to economics - 1984; the demand-side economics of inflation - 1986; moral sentiments and welfare of nations - 1991; how our economy stands up to scrutiny - 1990; growth in the affluent society - 1987; towards a theory of second-hand markets - 1994; the political economy of Josef Steindl - 1993; economic development in Taiwan and South Korea - 1965-81 - 1985; why the US saving rate is low - a conflict between the national accountant's and the individual saver's perceptions - 1986; the meaning, nature and sources of value in economics - 1993; what ails the United States of America - 1994; hindsight economics - 1991.

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Book SynopsisHow can economic policies be designed - and redesigned - to increase growth and reduce unemployment in developing, developed and transitional economies? In The State and the Economic Process, a distinguished group of economists provides - through a comparison of postwar economic performance and policies - sound analytical support and historical evidence in favour of vigorous market guiding policies. These include targeting strategic industries, carefully managing both market collusion and competition, promoting environmentally sound technical change, and managing foreign trade and investment. The papers featured in this volume address such issues as widespread unemployment in the OECD, the deep and protracted contraction in the transitional economies, and the large variety in growth performance in developing countries. The authors go beyond the usual advocacy of the market as the solution to most economic problems, while avoiding the stale controversy over 'market failure' versus 'government failure'.Trade Review'. . . generally well-written and stimulating.'Table of ContentsContents: Acknowledgements Preface Part I: The Developing Economies Part II: The OECD Economies Part III: Post-Communist Economies in Transition Part IV: A Sustainable World System

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Book SynopsisCost-Benefit Analysis presents an authoritative collection of the most important published articles in the field together with an extensive new introduction by the editors. Whilst focusing on the practical side, looking at applications such as education, transportation and the value of life and health, this important volume also emphasises the essential role of economic theory, with sections on the economic costs of public funds, foreign exchange and labour. The result is an influential selection based on robust and fundamental theoretical propositions -- ones that are readily suitable for everyday applications. This timely volume provides a comprehensive synthesis of the current state of the theory and application of cost-benefit analysis. It draws from a wide range of journals to include the key articles which are the benchmarks in the development of the field. It will be invaluable to academics and practitioners alike.Trade Review’Edward Elgar has recruited the two most significant names in the business of cost-benefit analysis to edit this compilation of essential papers on the subject. My teaching and research will both be easier with this volume on my shelf, as I’ll always have the right papers at my fingertips on the theory of social discounting in open and closed economies, the marginal cost of public funds, the cost of foreign exchange, and applications related to the environment, education, health, and transportation.’ -- Don Fullerton, University of Texas, Austin and National Bureau of Economic Research, USTable of ContentsContents: Acknowledgements Introduction Arnold C. Harberger and Glenn P. Jenkins PART I THEORETICAL ISSUES A Discount Rate for Investment Projects 1. Stephen A. Marglin (1963), ‘The Social Rate of Discount and the Optimal Rate of Investment’ 2. Larry A. Sjaastad and Daniel L. Wisecarver (1977), ‘The Social Cost of Public Finance’ 3. Agnar Sandmo and Jacques H. Drèze (1971), ‘Discount Rates for Public Investment in Closed and Open Economies’ B Economic Cost of Public Funds 4. Edgar K. Browning (1976), ‘The Marginal Cost of Public Funds’ 5. Charles L. Ballard, John B. Shoven and John Whalley (1985), ‘General Equilibrium Computations of the Marginal Welfare Costs of Taxes in the United States’ C Economic Cost of Foreign Exchange 6. Bela Balassa (1974), ‘Estimating the Shadow Price of Foreign Exchange in Project Appraisal’ 7. Charles Blitzer, Partha Dasgupta and Joseph Stiglitz (1981), ‘Project Appraisal and Foreign Exchange Constraints’ 8. George Fane (1991), ‘The Social Opportunity Cost of Foreign Exchange: A Partial Defence of Harberger et al’ 9. Glenn P. Jenkins and Chun-Yan Kuo (1985), ‘On Measuring the Social Opportunity Cost of Foreign Exchange’ D Economic Cost of Labor 10. Raaj Kumar Sah and Joseph E. Stiglitz (1985), ‘The Social Cost of Labor and Project Evaluation: A General Approach’ 11. Alejandra Cox Edwards (1989), ‘Labor Supply Price, Market Wage, and the Social Opportunity Cost of Labor’ 12. Robin Boadway and Frank Flatters (1981), ‘The Efficiency Basis for Regional Employment Policy’ E Risk Analysis of Investment Projects 13. Kenneth J. Arrow and Robert C. Lind (1970), ‘Uncertainty and the Evaluation of Public Investment Decisions’ 14. Savvakis Savvides (1994), ‘Risk Analysis in Investment Appraisal’ 15. K.G. Balcombe and L.E.D. Smith (1999), ‘Refining the Use of Monte Carlo Techniques for Risk Analysis in Project Planning’ PART II APPLICATIONS A Contingent Valuation: Methodology and Applications 16. Department of Commerce, National Oceanic and Atmospheric Administration (1993), ‘Appendix I – Report of the NOAA Panel on Contingent Valuation’, excerpt from ‘Natural Resource Damage Assessments Under the Oil Pollution Act of 1990’ 17. W. Michael Hanemann (1994), ‘Valuing the Environment Through Contingent Valuation’ 18. Peter A. Diamond and Jerry A. Hausman (1994), ‘Contingent Valuation: Is Some Number Better than No Number?’ 19. Richard T. Carson and Robert Cameron Mitchell (1993), ‘The Value of Clean Water: The Public’s Willingness to Pay for Boatable, Fishable, and Swimmable Quality Water’ 20. Dale Whittington, Donald T. Lauria and Xinming Mu (1991), ‘A Study of Water Vending and Willingness to Pay for Water in Onitsha, Nigeria’ 21. Lisa C. Chase, David R. Lee, William D. Schulze and Deborah J. Anderson (1998), ‘Ecotourism Demand and Differential Pricing of National Park Access in Costa Rica’ B Education 22. George Psacharopoulos (1994), ‘Returns to Investment in Education: A Global Update’ 23. Pedro Belli, Qaiser Khan and George Psacharopoulos (1999), ‘Assessing a Higher Education Project: A Mauritius Feasibility Study’ 24. Nancy Birdsall (1996), ‘Public Spending on Higher Education in Developing Countries: Too Much or Too Little?’ C Value of Life and Health 25. W. Kip Viscusi (1993), ‘The Value of Risks to Life and Health’ 26. A.M. Garber, M.C. Weinstein, G.W. Torrance and M.S. Kamlet (1996), ‘Theoretical Foundations of Cost-effectiveness Analysis’ 27. Jeffrey S. Hammer (1993), ‘The Economics of Malaria Control’ 28. Ramesh Adhikari, Paul Gertler and Anneli Lagman (1999), ‘Economic Analysis of Health Sector Projects – A Review of Issues, Methods, and Approaches’ D Transportation 29. Arnold C. Harberger (1972), ‘Cost–Benefit Analysis of Transportation Projects’ 30. John Kay, Alan Manning and Stefan Szymanski (1989), ‘The Economic Benefits of the Channel Tunnel’ and ‘Discussion’ 31. John F. Kain (1997), ‘Cost-effective Alternatives to Atlanta’s Rail Rapid Transit System’ E Assessing Stakeholder Impacts 32. Glenn P. Jenkins (1999), ‘Evaluation of Stakeholder Impacts in Cost–benefit Analysis’ Name Index

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Book SynopsisThis new two volume set contains major recent theoretical and empirical contributions to the debate on long-term economic growth. Research on long-term growth was revitalized in recent years as it became clear that countries were not converging in income levels as was predicted by the neoclassical growth model. Also differences in growth rates across countries seemed systematic and predictable. These findings led to the development of models of 'endogenous growth' through which a country's long-run growth rate is determined by economic and policy variables.Professor Grossman - who is a recognized authority on the new growth theory - has chosen some of the most exciting and and innovative papers on convergence and the endogenous growth models that were constructed to explain the stylized facts. Empirical tests of the new models, are made accessible, as well as extensions of the theory to study the effects of international trade on growth, the implications of imperfect capital markets for growth and the relationship between the distribution of income and growth.Trade Review'These two excellent volumes have successfully captured major developments in growth theory and growth empirics since the mid 1980s. The choice of papers is scholarly and the papers are well organized to establish a meaningful connection between the sections. A lucid introduction by the editor is an added bonus. These two volumes are highly recommended as reference books for any graduate macroeconomics courses, and for those researching in this area.' -- Niloy Bose, The Economic JournalTable of Contents37 articles, dating from 1985 to 1994 Contents: Introduction Part I: Convergence Part II: Cross-Country Correlates of Growth Part III: “AK” Models of Long-Run Growth Part IV: Externality-Based Growth Part V: Innovation Based Growth Index • Volume II: Part I: Empirical Evidence Part II: Trade and Growth Part III: Growth and Income Distribution Part IV: Financial Markers and Growth Index

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Book SynopsisTrust is increasingly recognized as a crucial aspect of successful economic relationships, albeit a difficult one to define, and Mark Casson has been at the forefront of recent research in this area.In this sequel to his classic work The Entrepreneur, Professor Casson examines how the entrepreneurial firm succeeds by synthesizing information from different sources. The quality of this information is just as important as the quantity and the cheapest way to ensure quality is through a moral obligation to tell the truth. The author argues that a nation needs to invest in social institutions, such as schools, families and organized religion, in order to instil a sense of moral obligation and so sustain entrepreneurial success. Themes raised in this important volume include cultural perspectives on economic issues, entrepreneurship in a cultural context and the political economy of national culture.Entrepreneurship and Business Culture presents a state-of-the-art analysis of entrepreneurship and the social structures in which it is embedded. Together with its companion volume, The Organization of International Business, this topical and wide-ranging book offers a definitive analysis of the importance of trust in economic life as well as the related concepts of networking, consultation and empowerment.Trade Review’Business historians will benefit greatly from an exposure to Casson’s ideas.’ -- Paul L. Robertson, Business HistoryTable of ContentsContents: Preface Acknowledgement Part I: Cultural Issues in Economic Perspective Part II: Entrepreneurship in a Cultural Context Part III: The Political Economy of National Culture Index

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Book SynopsisThe Chinese Economy in Transition provides an analysis of the economic reforms introduced under Deng Xiaoping. It attempts to answer the question: what was the economic system that the Chinese were trying to reform and what approach have they adopted to reform it?Whilst the book focuses primarily on economic issues, it also explores the political and social environment and concentrates on three broad areas of the Chinese economy: agriculture, industry and macroeconomic management. Within these broad areas the focus is on two major themes: competition and cooperation, and central authority and regional autonomy. This book will be of special interest to senior undergraduate and postgraduate economics students, academics and China analysts.Trade Review'I am grateful for the fact that some of the insights I have always wanted to use in my teaching and research are finally available in this good work.'Table of ContentsContents: 1. Introduction 2. Financing Rapid Growth: Price Scissors in China 3. Organization of Agriculture 4. Industry 5. Regional Property Rights and the Impact of Fiscal Policy 6. Monetary Policy 7. Gradualism in China’s Economic Reform Index

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Book SynopsisThis important, original book focuses on the transformation of economic systems in Central Europe. It provides a comprehensive overview of different theoretical approaches to transformation - neoclassical, post Keynesian and Austrian. In the light of this theoretical discussion, it reconsiders the transformation policies applied in the Czech and Slovak Republics, Hungary and Poland.Dr Hoen challenges the dichotomous 'shock-versus-gradualism' dispute, which he believes blurs the key elements of the transformation from a centrally planned to a market economy. He also maintains that the labels generally attached to the transformation strategies in Central Europe are inappropriate and misleading. Hungary's transformation to a market economy, for example, is to be qualified as a 'hidden shock' rather than as an example of 'gradualism'.This up-to-date new book, which theoretically explains the diverging paths of transformation in Central Europe will be of interest to researchers, students, policymakers and all those concerned with European integration and international relations.Trade Review'The Hoen book is a first class study and deserves warm welcome . . . This book is a contribution to the study of the post-communist world in the well-received Edward Elgar Publishing series on comparative economic systems.'Table of ContentsContents: 1. On the Theory of Economic Transformation 2. Transformation and Integration: Mutually Dependent 3. Transformation in the Czech and Slovak Republics: Liberal Rhetoric versus Populist Disgrace 4. The Hungarian Approach to Transformation: Was it really Gradual? 5. The Creation of a Market Economy in Poland: From Shock to a Hands-off Approach 6. The External Economic Performance of Central Europe: Competitiveness on the EU Market 7. The Strategies Reconsidered: A Political Economy of Transformation References Index

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Book SynopsisThis five-volume collection (with individual volumes available separately) provides a comprehensive overview of the regulation approach to capitalism and its crisis-tendencies. Edited by a major British contributor to the approach, the collection includes not only key theoretical and empirical works from leading French regulationists but also representative work from other regulation schools and scholars. It also includes major critiques of the approach. Topics covered include regulationist approaches to the labour process, accumulation regimes (especially Fordism and post-Fordism), modes of social regulation, forms of state intervention, and the crisis tendencies of capitalism. Contributions cover different periods and different countries as well as different sectors and the changing global economy as a whole. The set includes both pioneer works and recent theoretical innovations and also explores the links between regulationism and other approaches, such as institutionalism, radical geography, critical discourse analysis, and feminism. This collection will be an essential reference work in institutional and evolutionary economics, in radical political economy, and in all social science disciplines concerned with capitalism and its crisis-tendencies.Trade Review‘Regulation Theory and the Crisis of Capitalism provides a comprehensive survey of the relevant literature on the topic. The collection is an essential reference wok in critical political economy. It is a more than useful starting point for those who wish to combine sociological analysis with a sound theoretical notion of contemporary capitalism.’Table of ContentsContents: Volume I: The Parisian Regulation School Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I BACKGROUND AND GENERAL PRESENTATION 1. Alain Lipietz (1987), ‘Rebel Sons: the Regulation School – An Interview with Alain Lipietz conducted by Jane Jenson’ 2. Robert Boyer (1990), ‘Introduction to the English-Language Edition’ 3. Alain Lipietz (1993), ‘From Althusserianism to "Regulation Theory"’ PART II SOME EARLY WORKS 4. Michel Aglietta (1978), ‘Phases of US Capital Expansion’ 5. Mike Davis (1978), ‘"Fordism" in Crisis: A Review of Michael Aglietta’s "Régulation et crises: L’expérience des États-unis"’ 6. Robert Boyer (1979), ‘Wage Formation in Historical Perspective: The French Experience’ 7. Robert Delorme (1984), ‘A New View on the Economic Theory of the State: A Case Study of France’ 8. Alain Lipietz (1982), ‘Towards Global Fordism?’ 9. Alain Lipietz (1988), ‘Accumulation, Crises, and Ways Out: Some Methodological Reflections on the Concept of "Regulation"’ 10. Alain Noël (1987), ‘Accumulation, Regulation, and Social Change: An Essay on French Political Economy’ PART III COMMENTARIES AND CRITIQUES 11. Michel De Vroey (1984), ‘A Regulation Approach Interpretation of Contemporary Crisis’ 12. Richard Barbrook (1990), ‘Mistranslations: Lipietz in London and Paris’ 13. Robert Brenner and Mark Glick (1991), ‘The Regulation Approach: Theory and History’ 14. Robert Albritton (1995), ‘Regulation Theory: A Critique’ 15. Adam Tickell and Jamie A. Peck (1992), ‘Accumulation, Regulation and the Geographies of Post-Fordism: Missing Links in Regulationist Research’ Name Index Volume II: European and American Perspectives on Regulation Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I THE GRENOBLE SCHOOL 1. Gerard Destanne de Bernis (1990), ‘On a Marxist Theory of Regulation’ 2. Gerard Destanne de Bernis (1988), ‘Propositions for an Analysis of the Crisis’ PART II SOCIAL STRUCTURES OF ACCUMULATION 3. David M. Gordon (1980), ‘Stages of Accumulation and Long Economic Cycles’ 4. Michael Reich (1997), ‘Social Structure of Accumulation Theory: Retrospect and Prospect’ PART III THE AMSTERDAM SCHOOL 5. Kees van der Pijl (1989), ‘Ruling Classes, Hegemony, and the State System: Theoretical and Historical Considerations’ 6. Henk Overbeek (1989), ‘British Capitalism at the Crossroads’ PART IV THE GERMAN REGULATION APPROACH 7. Joachim Hirsch (1990), ‘Regulation Theory and Historical-Materialistic Social Theory. Remarks on a Shaky Yet Necessary Relationship’ 8. Josef Esser and Joachim Hirsch (1989), ‘The Crisis of Fordism and the Dimensions of a "Postfordist" Regional and Urban Structure’ 9. Juergen Haeusler and Joachim Hirsch (1989), ‘Political Regulation: The Crisis of Fordism and the Transformation of the Party System in West Germany’ PART V NORDIC MODELS 10. Lars Mjøset (1987), ‘Nordic Economic Policies in the 1970s and 1980s’ 11. Lars Mjøset (1992), ‘The Nordic Model Never Existed, but Does it Have a Future?’ PART VI COMMENTARIES AND CRITIQUES 12. Bob Jessop (1990), ‘Regulation Theories in Retrospect and Prospect’ 13. David M. Kotz (1990), ‘A Comparative Analysis of the Theory of Regulation and the Social Structure of Accumulation Theory’ 14. Werner Bonefeld (1994), ‘Aglietta in England: Bob Jessop’s Contribution to the Regulation Approach’ 15. Colin Hay (1994), ‘Werner in Wunderland, or Notes on a Marxism Beyond Pessimism and False Optimism’ 16. Michael J. Webber and David L. Rigby (1996), ‘Competing Theories of Postwar Growth and Change’ Name Index Volume III: Regulationist Perspectives on Fordism and Post-Fordism Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I INTRODUCTION TO KEY ISSUES AND APPROACHES 1. Mark J. Elam (1990), ‘Puzzling Out the Postfordist Debate: Technology, Markets and Institutions’ 2. Bob Jessop (1992), ‘Fordism and Post-Fordism: A Critical Reformulation’ PART II THE ORIGINS OF THE FORDIST LABOUR PROCESS 3. Carl H.A. Dassbach (1991), ‘The Origins of Fordism: The Introduction of Mass Production and the Five-Dollar Wage’ 4. Bruce Pietrykowski (1995), ‘Fordism at Ford: Spatial Decentralization and Labor Segmentation at the Ford Motor Company, 1920–1950’ 5. Anson G. Rabinbach (1993), ‘Science, Work, and Worktime’ PART III THE CRISIS OF FORDISM 6. Robert Boyer (1987), ‘Labour Flexibilities: Many Forms, Uncertain Effects’ 7. Annemieke J.M. Roobeek (1987), ‘The Crisis in Fordism and the Rise of a New Technological Paradigm’ 8. Robert Boyer (1991), ‘The Eighties: The Search for Alternatives to Fordism’ 9. Andrew Glyn (1990), ‘Productivity and the Crisis of Fordism’ 10. Karel Williams, Tony Cutler, John Williams and Colin Haslam (1987), ‘The End of Mass Production?’ PART IV BEYOND FORDISM TO ...? 11. Horst Kern and Michael Schuman (1989), ‘New Concepts of Production in West German Plants’ 12. Michael Schumann (1998), ‘New Concepts of Production and Productivity’ 13. Heidi Gottfried (1995), ‘Developing Neo-Fordism: A Comparative Perspective’ 14. Stephen Wood (1993), ‘The Japanization of Fordism’ 15. Knuth Dohse, Ulrich Jürgens and Thomas Malsch (1985) ‘From "Fordism" to "Toyotism"? The Social Organization of the Labor Process in the Japanese Automobile Industry’ 16. Danièle Leborgne and Alain Lipietz (1992), ‘Conceptual Fallacies and Open Questions on Post-Fordism’ 17. Gaëtan Tremblay (1995), ‘The Information Society: From Fordism to Gatesism’ 18. Sean Digiovanna (1996), ‘Industrial Districts and Regional Economic Development: A Regulation Approach’ PART V GENERAL REVIEWS 19. Andrew Sayer (1989), ‘Postfordism in Question’ 20. Fiorenza Belussi and Francesco Garibaldo (1996), ‘Variety of Pattern of the Post-Fordist Economy: Why are the "Old Times" Still with Us and the "New Times" Yet to Come?’ 21. Jamie Gough (1992), ‘Where’s the Value in "Post-Fordism"?’ 22. Paul Hirst and Jonathan Zeitlin (1992), ‘Flexible Specialization versus Post-Fordism: Theory, Evidence, and Policy Implications’ Name Index Volume IV: Country Studies Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I NORTH AMERICA 1. Victor D. Lippit (1997), ‘The Reconstruction of a Social Structure of Accumulation in the United States’ 2. Jane Jenson (1990), ‘Representations in Crisis: The Roots of Canada’s Permeable Fordism’ PART II EUROPE 3. Otto Holman (1987–88), ‘Semiperipheral Fordism in Southern Europe: The National and International Context of Socialist-led Governments in Spain, Portugal, and Greece, in Historical Perspective’ 4. Miguel Martinez Lucio and Paul Blyton (1995), ‘Constructing the Post-Fordist State? The Politics of Labour Market Flexibility in Spain’ 5. Bob Jessop (1989), ‘Conservative Regimes and the Transition to Post-Fordism: The Cases of Great Britain and West Germany’ 6. Jamie A. Peck and Adam Tickell (1992), ‘Local Modes of Social Regulation? Regulation Theory, Thatcherism and Uneven Development’ 7. Winfried Ruigrok and Rob van Tulder (1996), ‘The Price of Diversity: Rival Concepts of Control as a Barrier to an EU Industrial Strategy’ PART III SOUTH AFRICA 8. Nicoli Nattrass (1992), ‘Profitability: The Soft Underbelly of South African Regulation/SSA Analysis’ 9. Christian M. Rogerson (1991), ‘Beyond Racial Fordism: Restructuring Industry in the "New" South Africa’ PART IV JAPAN 10. Martin Kenney and Richard Florida (1988), ‘Beyond Mass Production: Production and the Labor Process in Japan’ 11. Benjamin Coriat (1993), ‘Neither Pre- nor Post-Fordism: An Original and New Way of Managing the Labour Process’ 12. Tatsuo Naruse (1991), ‘Taylorism and Fordism in Japan’ 13. J.A. Peck and Y. Miyamachi (1993/1994), ‘What’s Ford Got To Do With It? Regulation Theory and Japanese Capitalism’ PART V OTHER EAST ASIAN SOCIETIES 14. Alice H. Amsden (1990), ‘Third World Industrialization: "Global Fordism" or a New Model?’ 15. Ngai-Ling Sum (1998), ‘Theorizing Export-Oriented Economic Development in East Asian Newly-Industrializing Countries: A Regulationist Perspective’ 16. Seongjin Jeong (1997), ‘The Social Structure of Accumulation in South Korea: Upgrading or Crumbling?’ PART VI SOCIALISM AND POST-SOCIALISM 17. Robert Boyer (1995), ‘The Great Transformation of Eastern Europe: A "Regulationist" Perspective’ 18. Adrian Smith and Adam Swain (1998), ‘Regulating and Institutionalising Capitalisms: The Micro-foundations of Transformation in Eastern and Central Europe’ 19. Ulrich Voskamp and Volker Wittke (1991), ‘Industrial Restructuring in the Former German Democratic Republic (GDR): Barriers to Adaptive Reform Become Downward Development Spirals’ Name Index Volume V: Developments and Extensions Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I RECENT THEORETICAL INNOVATIONS 1. Robert Salais and Michael Storper (1992), ‘The Four "Worlds" of Contemporary Industry’ 2. John Wilkinson (1997), ‘A New Paradigm for Economic Analysis? Recent Convergences in French Social Science and an Exploration of the Convention Theory Approach with a Consideration of its Application to the Analysis of the Agrofood System’ 3. Joe Painter (1997), ‘Regulation, Regime, and Practice in Urban Politics’ PART II SOCIAL MOVEMENTS AND IDENTITY POLITICS 4. Margit Mayer and Roland Roth (1995), ‘New Social Movements and the Transformation to Post-Fordist Society’ 5. George Steinmetz (1994), ‘Regulation Theory, Post-Marxism, and the New Social Movements’ 6. Jane Jenson (1991), ‘Thinking (a Feminist) History: The Regulation Approach as Theatre’ PART III SPACE AND SCALE 7. Frank Moulaert, Erik Swyngedouw and Patricia Wilson (1988), ‘Spatial Responses to Fordist and Post-Fordist Accumulation and Regulation’ 8. Chris Collinge (1999), ‘Self-organisation of Society by Scale: A Spatial Reworking of Social Regulation Theory’ 9. Erik Swyngedouw (1997), ‘Neither Global Nor Local: "Glocalization" and the Politics of Scale’ PART IV CITIES 10. Pierre Filion (1995), ‘Fordism, Post-Fordism and Urban Policy-Making: Urban Renewal in a Medium-Size Canadian City’ 11. Myung-Rae Cho (1997), ‘Flexibilization Through Metropolis: The Case of Postfordist Seoul, Korea’ 12. Neil Brenner (1999), ‘Globalisation as Reterritorialisation: The Re-scaling of Urban Governance in the European Union’ PART V GLOBALISATION 13. David M. Gordon (1988), ‘The Global Economy: New Edifice or Crumbling Foundations?’ 14. Harriet Friedmann (1991), ‘New Wines, New Bottles: The Regulation of Capital on a World Scale’ 15. Bob Jessop (1999), ‘Reflections on Globalisation and its (Il)logic(s)’ PART VI SOME EMERGING ISSUES 16. Alfredo C. Robles, Jr. (1995), ‘Global Governance and Political Economy: German and French Perspectives’ 17. Bob Jessop (1995), ‘The Regulation Approach, Governance and Post-Fordism: Alternative Perspectives on Economic and Political Change?’ 18. Mary Nolan (1990), ‘"Housework Made Easy": The Taylorized Housewife in Weimar Germany’s Rationalized Economy’ 19. Philip Arestis and Eleni Paliginis (1995), ‘Fordism, Post-Fordism and Gender’ 20. Alain Lipietz (1996), ‘Geography, Ecology, Democracy’ PART VII RECENT REVIEWS 21. Bob Jessop (1997), ‘Twenty Years of the (Parisian) Regulation Approach: The Paradox of Success and Failure at Home and Abroad’ 22. Gordon MacLeod (1997), ‘Globalizing Parisian Thought-waves: Recent Advances in the Study of Social Regulation, Discourse, Politics, Discourse and Space’ Name Index

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Book SynopsisThis important new book is the first general overview of the macroeconomic nature and recent history of the Singapore economy.After discussing general features of modern Singapore's economy, government and development strategy, the authors analyse its macroeconomic history over the past three decades, as well as reviewing current macroeconomic theory regarding small, open economies. Singapore's monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy are all described and analysed in the subsequent chapters which also look at its growth and cyclical experiences and provide a review of the ways economists have attempted to model the economy. The Singapore Economy integrates much previous research scattered in many sources as well as containing an extensive bibliography of references about the economy and the statistical sources used. It will be suitable for students of macroeconomics and economic development in Asia, and the general reader interested in the nature, structure and recent growth of the Singapore economy.Trade Review'This text provides an objective and analytically robust treatment of the Singaporean economy. It shows clearly how basic macroeconomic analysis can be used to interpret the growth and development experience of Singapore and offers a novel approach by discussing current policy issues.'Table of ContentsContents: 1. An Introduction to Singapore 2. Macroeconomic History 3. Macroeconomic Thinking and Concepts 4. Macroeconomics for an Open Economy 5. Money in the Economy 6. Trade and Exchange Rates 7. Growth and Cycles 8. Modelling the Economy 9. In Place of a Conclusion References

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Book SynopsisAsian Economies in Transition analyses and evaluates the experience of the eleven Asian economies undertaking the transition from central planning to a more market-oriented approach.China, Indochina, Mongolia, Azerbaijan and the Central Asian Republics are the focus of Richard Pomfret's book which begins with a detailed discussion of the Chinese model of transition highlighting its failures as well as its successes. Vietnam's experience, while offering the closest parallel to China's reform strategy, is shown by the author to contain more explicit macroeconomic policy reforms and greater practical attention to the problem of inefficient state enterprises. Dr Pomfret also discusses the less happy experience of the Asian republics of the former Soviet Union, the break-up of the rouble zone, and the interesting counterpoint provided by the Mongolian economy. The Tumen River project is also examined as an example of cooperation between reformed and non-reformed Socialist economies.Trade Review'It affords a very valuable insight into the strengths and weaknesses affecting change in the concerned countries.'Table of ContentsContents: Preface 1. The Asian Transition Economies 2. Economic Reform in China,1978–94 3. Direct Foreign Investment in China 4. Financial Reform in China 5. Economic Reform in Indochina 6. Mongolia’s Economic Reforms 7. The Central Asian Republics 8. Azerbaijan 9. The Decision to Use the Ruble or to Issue National Currencies 10. The Tumen River Project: Cooperation among Reformed and non-Reformed Socialist Economies 11. Lessons from China for other Transition Economies References Index

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Book SynopsisThe decentralization of economic institutions in the West since the 1970s and in Eastern and Central Europe since 1989 is a significant and ongoing process which has implications for the nature of economic systems.This major new book explores the importance of institutions in economic systems and challenges the traditional assumption of antagonism between tendencies to centralize and tendencies to decentralize. An international group of authors from Europe and the US addresses different aspects of the centralization-decentralization issues including privatization, fiscal federalism, the recent experience of Russia and Eastern Europe, and the role of quasi-markets and non-profit organizations. Drawing on theoretical approaches and empirical material, they argue that the real achievement of efficiency requires the presence of certain key criteria in the structure of the market. Every move towards decentralization, such as privatization, is shown to entail counter-balancing moves towards centralization, such as the introduction of improved, central regulation.Economic Institutions, Markets and Competition will be welcomed for exploring the implications of centralization and decentralization in the transformation of economic systems and for emphasizing market structure as well as market competition.Trade Review'The wide array of topics should assure that even those with only a mild interest in institutional analysis or the transition economies will find many pages in this work to occupy their interest.' -- David Schap, Southern Economic Journal'This is an interesting book, which stimulates discussion.'– Klaus Schabacker, The Economic JournalTable of ContentsContents: 1. The State and the Firm: The Centralization and Decentralization of Economic Institutions: an introduction (B. Dallago, L. Mittone) Part I: Institutions and Markets 2. “Creative Destruction” in Economic and Political Institutions (M. Egidi) 3. Decentralization as Ability to Adapt (J. Birner) 4. What Type of Capitalism is Produced by Privatization? (H.-J. Wagener) 5. The Market for Institutions Versus the Strong Hand of the State: The Case of Eastern Europe (S. Pejovich) Part II: Centralization and Decentralization, Paradigms and Facts 6. A Presentation of Fiscal Federalism (G. Brosio) 7. Fiscal Federalism in Russia (P. Sutela) 8. Privatization, Decentralization, Competition: Some Lessons from a Concentration Analysis of Hungarian Industries (Z. Bara) 9. Labour Market and Employment Policy in Central and Eastern Europe in the Context of Systemic Change (J. Koltay) Part III: Creation and Development of Markets in Eastern Europe 10. Behavioural Constraints and the Creation of Markets in Post-Socialist Economies (W. Swaan) 11. Decentralization and Centralization in the Enterprise Sphere of the Czech Republic (J. Sereghyová) 12. The Collapse of the Russian Economy: An Institutional Explanation (R. Knaack) 13. The Revival of Redistribution in Hungary (E. Voszka) 14. Inter-enterprise Arrears in Economies in Transition: Analytical, Empirical and Policy Issues (F. Coricelli) Part IV: The Quasi-Market Formula 15. The Privatization of Welfare Services and the Role of Non-Profit Organziations (C. Borzaga) 16. Quasi- Markets and Incomplete Information: The Case of Medical Services in the UK and Italy (L. Mittone) 17. Privatization, Non-profit Trusts and Contracts for Healthcare Services in the UK (W. Bartlett) Index

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Book SynopsisThis book presents for the first time a careful selection of David Teece's most important writings on the theory of the firm and its implications for economic performance. After a biographical introduction which sheds new light on his research programme, the book focuses on key areas, including:- the nature of the firm and dynamic capabilities diversification and vertical integration internal organization and economic performance international scope, alliances and joint ventures The volume also includes an extensive introduction which provides a biographical insight into the development of the author's career and his continuing research into the areas the articles in this volume exlore. David Teece's style of writing is succinct and logical and the material presented in this volume, and its companion Strategy, Technology and Public Policy, will be of great interest to economists, managers, consultants and policy makers.Trade Review'Few economists in the twentieth century have made so many significant contributions to different areas of industrial economics as David Teece. He has led the way in integrating industrial organization, technological innovation and strategic management, and these two volumes show how he did it.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Introduction Part I: Nature of the Firm and Dynamic Capabilities Part II: Diversification Part III: Vertical Integration Part IV: International Scope PartV: Internal Organization and Economic Performance Part VI: Alliances and Joint Ventures Index

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Book SynopsisMacroeconomic analysis has undergone profound and controversial changes during the past twenty-five years and, as such, economists have developed and evolved their approaches to the discipline. Reflections on the Development of Modern Macroeconomics presents a collection of eight original essays, from leading scholars, each of which focuses on an important issue relating to these developments.These accessible, reflective surveys include: to stabilize or not to stabilize: is that the question? Brian Snowdon and Howard Vane the rhetoric and methodology of modern macroeconomics Roger Backhouse how relevant is Keynesian economics today? Keith Shaw what remains of the monetarist counter-revolution? Thomas Mayer macroeconomics: before and after rational expectations Patrick Minford the ups and downs of modern business cycle theory Cillian Ryan and Andrew Mullineux the role of imperfect competition in new Keynesian economics Huw Dixon politics and the macroeconomy: endogenous politicians and aggregate instability Brian Snowdon and Howard Vane This book will attract a wide readership among intermediate undergraduates, as well as postgraduates and lecturers in the fields of macroeconomics and the history of economic thought.Trade Review'An eclectic, insightful collection on the development of modern macroeconomics.' -- David C. Colander, Middlebury College, US'This is a superb book providing a comprehensive, authoritative and lucid coverage of today's macroeconomic debates. It is a welcome addition for both students and their teachers.'– Peter M. Jackson, University of Leicester, UKTable of ContentsContents: Preface 1. To Stabilize or not to Stabilize: Is that the Question? (B. Snowdon, H.R. Vane) 2. The Rhetoric and Methodology of Modern Macroeconomics (R.E. Backhouse) 3. How Relevant is Keynesian Economics Today? (G.K. Shaw) 4. What Remains of the Monetarist Counter-Revolution? (T. Mayer) 5. Macroeconomics: Before and After Rational Expectations (P. Minford) 6. The Ups and Downs of Modern Business Cycle Theory (C. Ryan, A.W. Mullineux) 7. The Role of Imperfect Competition in New Keynesian Economics (H.D. Dixon) 8. Politics and the Macroeconomy: Endogenous Politicians and Aggregate Instability (B. Snowdon, H.R. Vane)

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Book SynopsisPrivatization, Deregulation and the Macroeconomy focuses on the macroeconomic consequences of microeconomic rigidity in the markets for goods or services and the reforms necessary to create economic dynamism. Peter van Bergeijk and Robert Haffner address questions of how market structure, competition policy, over-regulation and collusive behaviour may influence macroeconomic performance. Drawing on many examples from the OECD countries (most notably, Germany, New Zealand, Australia and the Netherlands), Eastern Europe and the Third World, the authors show how economic policies intended to provide greater flexibility can be analysed. The authors examine the diagnosis or measurement of product market inertia at the mesoeconomic level and its consequences at the macroeconomic level such as employment, per capita income growth and price stability. In Privatization, Deregulation and the Macroeconomy, Peter van Bergeijk and Robert Haffner deal not only with practical policy matters but also with the theoretical issues of how to determine price rigidity (hysteresis on the product markets) and their macroeconomic implications. This book will be welcomed by economists interested in industrial organization, macroeconomics, neo Keynesianism, development economics and transitional economies and will also be of interest to policymakers.Trade Review'This is a useful book. It provides a good combination of theory, empirical and policy analysis. The book targets a broad audience and is of interest to both academics and policy analysts. . . . is a useful addition to the literature.'Table of ContentsContents: Part I: Structural Change 1. On the Macroeconomic Consequences of Microeconomic Reform 2. Structural Change: The Policy Stance Part II: Industrial Economics 3. Economic Dynamism, Competition and the Structure-Conduct-Performance Paradigm 4. Measuring the Speed of the Invisible Hand Part III: Macroeconomics 5. Structural Rigidity, Macroeconomic Inefficiency and the Efficacy of Economic Policy 6. Modelling Strategies for Structural Reform Part IV: Policy 7. The Art of Reform 8. Combating Product Market Inertia: Some Conclusions Indexes

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Book SynopsisThis book makes an important contribution at the forefront of business cycle theory. The contributors evaluate historical evidence, present new empirical results and suggest that the explanation of business cycle phenomena may, in part, depend on the way in which historical data is interpreted.This innovative book places great emphasis on the complementarity between empirical and theoretical business cycle research. The authors present studies of business cycles concentrating on the Great Depression of the 1930s, early and late nineteenth century American economic history, the United Kingdom before 1914, interwar Germany and Japan, and Canada and the United States during the Gold Standard era. A number of contributions address the Phillips curve and labour markets, and provide illustrations of the use of both macro and micro data. An important finding is the contribution to business cycle research made by hitherto untouched sources of historical labour market microdata. The book demonstrates the importance of the reconstruction of well researched data to our conception and understanding of business cycle phenomena. This book will be useful reading for academics and students of macroeconomics and economic history, with an interest in understanding business cycles.Trade Review'Business Cycles since 1820, commendably compiled and edited by Trevor J.O. Dick, provides a very interesting sample of recent efforts made in the direction of improving our understanding of (largely classical) cycles, through the compilation and analysis of extended and extensive historical data sets for a variety of countries. I recommend the text to any academic researchers and postgraduate students with specific interests in the historical analysis of business cycles and nominal rigidities, as part of their wider reading and research in the area.' -- Philip M. Bodman, Economic RecordTable of ContentsContents: Introduction Part I: Recasting Business Cycles with New Data: A Cross Country Sampling 1. Consistent Output Series for the Antebellum and Postbellum Periods: Issues and Preliminary Results (C. Calomiris and C. Hanes) 2. The Great Depression in Japan: Why so Short and Mild? (T. Iwami, T. Okazaki and H. Yoshikawa) 3. A Reassessment of the United Kingdom Business Cycle Chronology (J. T. Klovland) 4. Measuring National Product in Germany, 1925-1938: The State of the Debate and Some Results (A. Ritschl) Part II: Phillips Curves and Labor Markets: Macro vs Micro Views 5. The Labour Market a Hundred Years Ago: New, Micro-level Evidence on Long-Term Change from the Depression of 1893-94 (S. Carter and R. Sutch) 6. Phillips Curves under the Gold Standard Regime: Canada and the United States Compared (T.J.O. Dick) 7. Consistent Wholesale Price Series for the United States, 1860-1990 (C. Hanes) 8. The Cyclical Adjustment of Hours and Employment in the Prewar United States: Evidence from the Depression of 1893-94 (J.A. James) 9. Central Bank Behavior, the Exchange Rate Regime, and the Persistence of Inflation in Historical Perspective (P.L. Siklos and R.C.K. Burdekin) References

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Book SynopsisUnemployment and the Economists addresses economic ideas, beliefs and arguments regarding the causes and possible cures of unemployment - a matter of recurring interest and concern for economists throughout history.An overview essay by Bernard Corry shows how the economic policy and theory has focused more on giving incentives for the unemployed to find work than on altering the structure of the demand for labour. Terry Peach writes about Ricardo's debates with Malthus on unemployment following the Napoleonic wars, while Jose Harris examines the phenomenon during the 1870 to 1914 period. The volume also includes work by George Peden on the interwar British Treasury's rejection of borrowing to counter unemployment and Alan Budd's paper on the theory and practice of unemployment policy since the second world war. The volume concludes with comments by Walter Eltis.Featuring some of the leading scholars currently writing on the history of economic thought and policy, Unemployment and the Economists will be welcomed as a substantial contribution to an on-going and highly pertinent economic, political and social debate.Trade Review'. . . the essays provide worthwhile reading for those interested in the evolution of thinking on unemployment and related policy issues throughout history.'Table of ContentsContents: Preface 1. Unemployment in the History of Economic Thought: An Overview and Some Reflections (B. Corry) 2. Ricardo and Malthus on the Post-Napoleonic Distress: Too Many Producers or a Momentary Lapse of Reason? (T. Peach) 3. From Sunspots to Social Welfare: The Unemployment Problem 1870–1914 (J. Harris) 4. The Treasury View in the Interwar Period: An Example of Political Economy? (G. Peden) 5. Unemployment Policy Since the War - the Theory and the Practice (A. Budd) 6. Unemployment and the Economists: A Concluding Comment (W. Eltis) Index

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Book SynopsisOver the years the theoretical structure of input-output analysis has been refined and its applications have been widened. This three volume set presents an overview of this development and an assessment of the current state of the subject. It offers a comprehensive collection of previously published articles which present some of the most significant theoretical and empirical contributions of leading scholars to multisectoral economic analysis.The first volume is devoted to the foundations of input–output analysis, to dynamic models and to multisectoral extensions of the multiplier principle. Volume II explores approaches to the modelling of economics and the environment, to the analysis of foreign trade and to regional and interregional economic activities. The third volume discusses the methodologies developed for the investigation of economic structures, offers an analysis of various versions of price models and investigates the problems related to the estimation of input–output data.Trade Review’. . . impressive collection . . . I am delighted to have this collection in my library.’ -- Anne P. Carter, Economic Systems Research<’The volumes provide an excellent survey of the present state of knowledge in this field and most economists will find much of interest in the work.’– Aslib Book GuideTable of ContentsContents: Volume I: Part I: Foundations of Input–Output Analysis PartII: Dynamic Input-output Analysis Part III: Multiplier Analysis, Extended IO-Models and Social and Demographic Accounting • Volume II: Part I: Energy and Environment Part II: Foreign Trade and International Models Part III: Regional and Interregional Models Part IV: Systems with Input and Output Matrices • Volume III: Part I: Structural Analysis Part II: Price Models Part III: Data-Related Topics

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Book SynopsisIn Government Versus the Market, Roger Middleton provides a comprehensive, interdisciplinary and controversial analysis of how Britain's relative economic decline from the late nineteenth century onwards generated an intense debate about the legitimate roles of government and the market. After a thorough analysis of Britain's long-run economic performance in a comparative context, which emphasizes how the problem of decline is frequently misunderstood, and an account of the long-run forces promoting and constraining government growth, he then charts how the economic role of government evolved in response to decline but produced a mix of macroeconomic and microeconomic policies which proved inadequate for the task. This major study emphasizes the institutional and political constraints to economic modernization and uses the specific characteristics of Britain's predicament, a combination of market failure and impotent state, to explain why by 1979 the burgeoning New Right were able to launch an attack upon big government. Dr Middleton then demonstrates how Britain's subsequent economic performance, while brilliantly propagandized as an economic renaissance, has in fact been lacklustre and why the Conservatives' economic strategy failed to address the underlying problems of decline and to reduce the size of the public sector. Government versus the Market brings an unrivalled historical, empirical and theoretical breadth to our understanding of the last century of British economic history as well as a wealth of material on economic performance and public sector growth, and the fullest bibliography yet published on Britain's economic decline.Comprehensive, authoritative and wide-ranging, this extensive study uses a long-term and comparative framework which draws upon the latest research of economists, historians and political scientists to show why successive governments have been unable to halt Britain's relative economic decline. Trade Review'Middleton provides a systematic set of historical and internationally comparative perspectives which will make his book a rich quarry for all teachers and students in the field. . . Middleton's text is most likely to outstay other contenders in his field.' -- Eric Richards, Australian Economic History Review'This is a comprehensive, interdisciplinary and controversial analysis of how Britain's relative economic decline from the late 19th century onwards generated an intense debate about the legitimate roles of government and the market. . . . There is a wealth of material on economic performance and public-sector growth, and a very complete bibliography on Britain's economic decline.' -- International Review of Administrative Science'. . . a highly worthwhile contribution to the literature. Its sheer breadth of carefully employed source material makes it a valuable resource. Middleton has provided a text of interest to the advanced undergraduate and researcher alike, and against the sheer reach of his analysis over such volume he should be praised.' -- Paul Reynolds, Capital & Class'This is an unusual and innovative book . . . a great source of ideas for teaching and research, and Middleton is to be congratulated on his heroic exercise.' -- R. Millward, Economic History Review'. . . this is a most impressive book, providing a mass of information and argument, synthesising huge amounts of material in an accessible way. In short, this is a major contribution to twentieth century British economic history.' -- Jim Tomlinson, Contemporary British History'It is indeed an overwhelming book, bringing together a mass of material and organizing it into a coherent account of economic development and public policy.' -- Keith Tribe, The Manchester SchoolTable of ContentsContents: Preface Part I: Introduction 1. Introduction 2. Government and Market: A Historical and Theoretical Survey 3. The Growth of the Public Sector: An Overview Part II: The Distintegration of the Old Synthesis, 1890–1914 4. The Performance of the Late-Victorian and Edwardian Economy 5. The Growth of Government: The Challenge to laissez-faire 6. Government, ‘National Efficiency’ and the Economy, 1890–1914 Part III: Creeping Collectivism, 1914–1939 7. The Performance of the Interwar Economy 8. War, Mass Unemployment and the Growth of Government between the Wars 9. The Origins of Modern Economic Management: Macroeconomic Potential and Microeconomic Failure Part IV: The Rise and Fall of Keynesian Social Democracy 1939-1979 10. The Performance of the Postwar Economy to 1979 11. The Consolidation of Big Government: The Market Eclipsed and the Growth of the Public Sector 1939–79 12. Postwar Economic Management and Policy Impact to 1979 Part V: Conclusions 13. Conclusions Notes Bibliography Indexes

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Book SynopsisFull Employment and Growth presents James Tobin's unique modern Keynesian slant on the major monetary, fiscal and international policy issues of the 1990s.More than twenty recent essays collected together in this volume address the major contemporary issues of macroeconomic policy, especially in America. Usually dissenting from the orthodoxies of the day, both liberal and conservative, Professor Tobin offers a common sense, unhysterical view of public deficits and debt, speaks for pragmatic monetary policies, argues against protectionism and favours slowing down the speculative movement of funds between currencies. The author also presents his own suggestions for reform of social security and health care.Again and again, Professor Tobin warns against blind faith that the markets will always produce optimal results. All those interested in the application of economic analysis and argument to the salient policy issues of our time will find these essays eminently readable and will appreciate the clear ways in which the power of economic analysis is explained and used.Trade Review'The essays are permeated with that upsurge of optimism and spirit. Long may Jim Tobin continue to instruct and inspire us.' -- G.C. Harcourt, The Manchester School'The style is lucid and very readable and all mathematical formalization is left out. An impressive and important book, it is highly recommended to all.'– Tareen Hussain, The Economic JournalTable of ContentsContents: Acknowledgements Part I: Macroeconomic Policy Part II: Monetary Policy Part III: Fiscal Policy Part IV: International Economic Relations Part V: Social Policy Index

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Book SynopsisThis important new book is the first general overview of the macroeconomic nature and recent history of the Singapore economy.After discussing general features of modern Singapore's economy, government and development strategy, the authors analyse its macroeconomic history over the past three decades, as well as reviewing current macroeconomic theory regarding small, open economies. Singapore's monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy are all described and analysed in the subsequent chapters which also look at its growth and cyclical experiences and provide a review of the ways economists have attempted to model the economy. The Singapore Economy integrates much previous research scattered in many sources as well as containing an extensive bibliography of references about the economy and the statistical sources used. It will be suitable for students of macroeconomics and economic development in Asia, and the general reader interested in the nature, structure and recent growth of the Singapore economy.Trade Review'This text provides an objective and analytically robust treatment of the Singaporean economy. It shows clearly how basic macroeconomic analysis can be used to interpret the growth and development experience of Singapore and offers a novel approach by discussing current policy issues.'Table of ContentsContents: 1. An Introduction to Singapore 2. Macroeconomic History 3. Macroeconomic Thinking and Concepts 4. Macroeconomics for an Open Economy 5. Money in the Economy 6. Trade and Exchange Rates 7. Growth and Cycles 8. Modelling the Economy 9. In Place of a Conclusion References

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Book SynopsisBringing together different perspectives on structural adjustment and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations. This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, it explores how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy.Economics of Transition is the first of a major new series published by Edward Elgar for The Vienna Institute for Comparative Economic Studies. The intention of this new series is to encourage discussion on the economic theory and policy of transition and European economic integration.Trade Review'. . . this volume makes an important contribution to the literature on economic transition by presenting a persuasive, well-supported criticism of conventional transition policy, as well as a number of explicit policy alternatives.' -- Hannah E. Kettler, Eastern Economic Journal' . . . this book is a useful addition to the literature on economic transition and marks a turn from short run economic policy advice towards theoretical understanding.'– Jens Holscher, The Economic JournalTable of ContentsContents: Introduction 1. Structural Adjustments and Growth: Is Eastern Europe Catching Up? (M. Knell) 2. Stabilization and Prospects for Sustainable Growth in the Transition Economies (P. Havlik) 3. Economics of Transition: Some Gaps and Illusions (A. Nove) 4. Macroeconomic Collapse During Systemic Change (J.B. Rosser, Jr. and M.V. Rosser) 5. An Alternative Economic Policy for Central and Eastern Europe (K. Laski) 6. Patterns of Economic Transition and Structural Adjustments (A. Bhaduri) 7. Balance-of-Payments Constrained Growth in Central and Eastern Europe (M. Landesmann and J. Pöschl) 8. Growth Consequences of Systemic Transformation (V. Gligorov and N. Sundström) 9. Prospects of Building Science andTechnology Capabilities in Central and Eastern Europe’ (S. Radosevic) 10. Closing the Institutional Hiatus in Economies in Transition: Beyond the ‘State versus Market’ Debate (R. Kozul-Wright and P. Rayment) Index

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Book SynopsisThis authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy. The increasing interdependence of the world's economies has caused a breakdown in national economic boundaries and a freer access to goods, services and labour. This comprehensive book, written by experts in the field, addresses major issues associated with this international economic integration. This reference work considers: global growth including inequality, saving, foreign direct investment, external debt and multinational corporations regionalization and globalization of trade such as the role of international institutions, external economies of scale and trading blocs transition to market economies in Central and Eastern Europe, the former Soviet Union and East Asia internationalization and integration of markets including the financial, capital, labour and agricultural markets global environmental and resource problems including transboundary pollution, the implication of North-South trade for natural resource depletion and environmental degradation, and the impact of energy markets on global growth, pollution and economic stability. Trade Review'. . . it offers expanded coverage of issues from pure international economics to certain aspects of political economy. . . . the present book is a fine work and certainly makes a valuable contribution to the growing list of books addressing globalization. Students of globalization and last but not least practitioners and politicians, as well as diplomats working in international organizations, can learn from it.' -- Marjan Svetlicic, Journal of International Relations and DevelopmentTable of ContentsContents: Part I: Global Growth, Inequality, Saving, Investment and Indebtedness Part II: Regionalization and Globalization of Trade Part III: From Centrally Planned to Market Economy Part IV: Internationalization and Integration of Markets Part V: Global Environment and Resource Problems Index

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Book SynopsisThis important new book deals with some of the most fundamental issues of transaction cost economics. It focuses on the analysis of the internal nature and characteristics of organizations and on the subtle interactions between institutional environment and governance structures over time.Transaction Cost Economics investigates the nature of contractual arrangements involved in large organizations, the 'configurations' of corporations, the modes of governance implemented, and the respective role of different constituencies. The second series of problems addressed in the book concerns the interaction between the institutional environment and governance structures over time, with special emphasis on the Russian privatization programme and the narcotics market. These twin analyses substantiate the distinction between private and public ordering. The book is strongly oriented towards increasing the operationalization of the concepts of transaction cost economics.The book will be essential reading for everyone interested in the new institutional economics and by recent developments in the theory of contracts, in transaction costs economics and in organisation theory. Because of its emphasis on potential applications, it will also be of interest to readers from management science and those involved in the analysis of economies in transition.Trade Review'This collection of essays provides interesting and . . . contentious readings.'Table of ContentsContents: Preface 1. Hierarchies, Markets and Power in the Economy: An Economic Perspective (O.E. Williamson) 2. Internal Characteristics of Formal Organizations (C. Menard) 3. Contractual Relationships Within the Firm (J.-P. Bouttes, P. Hamamdjian) 4. Privatization in Russia: What Should be a Firm? (P.L. Joskow, R. Schmalensee) 5. Illegal Markets and New Institutional Economics (M. Turvani) 6. Transaction Costs Through Time (D.C. North) Index

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Book SynopsisOne of the basic issues of accounting is to augment, or extend the conventional net national product measure so as to obtain a better indicator of welfare. This book extends the usual analysis of social accounting by including technological change, externalities and uncertainty.This important new book analyses welfare measurement, sustainability and 'green accounting' within general equilibrium models. A large part of the book is devoted to welfare measurement in the presence of technological change and external effects which complicate 'green accounting' to a considerable extent. In addition to environmental externalities, the authors also discuss external effects arising from investments in human capital and their implications for welfare measurement. Other areas examined are welfare measurement under uncertainty and examples of cost-benefit analyses of environmental and other policies.The book will be required reading for graduate students and professional economists interested in macroeconomics, environmental and resource economics.Trade Review'This is definitely a book for graduate students and researchers in the field, as a large number of different economic theories are drawn upon. . . . The book is well structured; the reader is led through the concepts, issues and theories in a logical order, with each chapter leading neatly on from and building upon the ideas presented in the previous chapters.'Table of ContentsContents: 1. Introduction 2. Introducing Dynamic Models and Welfare Indices 3. A Dynamic General Equilibrium Model 4. Welfare Measures under Technological Change and Externalities 5. Human Capital – A Recent Issue in ‘Practical’ National Accounting 6. Sustainable Development and its Relation to Welfare Measures 7. A Smörgasbord of Topics 8. Welfare Measurement under Uncertainty 9. Afterwords References Index

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Book SynopsisFinancial reforms in the former command economies of Central and Eastern Europe have given birth to institutions that further the links between these economies and the world economy. This book studies in a comparative framework financial developments in Central and Eastern Europe and highlights aspects that are unique to these developments.The book begins with country profiles of Albania, Bulgaria, Croatia, Czech Republic, Hungary, Macedonia, Poland, Romania, Slovak Republic, Slovenia and FR Yugoslavia. The transition process in eleven countries is tracked by means of a review of the role of monetary policy in macroeconomic stabilization, the characteristics of the banking systems, the transfer of corporate ownership through privatization schemes, the dynamics of exchange-related trading, and the role of international funding. The book turns then to an in-depth analysis of specific issues including central bank independence, the design of promotional banks, privatization processes, the efficiency of emerging capital markets, financial risk, and foreign debt settlement.The book will appeal especially to policymakers interested in the evolution and operation of financial institutions in transitional economies, and to academics and researchers who are keen to learn more about the economics of transition, financial and monetary economics, and comparative economic systems.Trade Review'The great merit of the present work is that it provides depth and detail on a set of policy issues that are surely crucial to the ultimate success of the process of economic transformation in the former communist world. . . . One of the great merits of this book is that it provides detailed discussion of a number of key technical issues of banking and financial systems that are often neglected in works of this kind.' -- David A. Dyker, Slavic ReviewTable of ContentsContents: Introduction Part I: Country Profiles Part II: Selected Topics

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Book SynopsisCompetition and Economic Integration in Europe explores the relationship between competition policy and economic integration in the enlarging European Union. It contains valuable contributions from academics and officials from inside and outside the European Union as well as offering a transatlantic perspective on the enabling effect of competition policy on deepening European integration.This book examines the importance of competition policy in the Europe Agreements signed with the Central and East European countries, whilst emphasizing that agreement on the adoption of competition rules is just one element in the complex process of accession to the European Union. The book argues that harmonization of competition policy along EU lines across the wider Europe is necessary to create a culture of competition among the European partner countries. The contributors examine the actual and potential roles of competition policy as a regulator of cross-border flows, an agent for the removal of trade barriers and as one of a number of measures to enable a move towards free trade. Competition policy is also advocated as a framework for business behaviour, in order to eradicate 'unfair' competition and as a foundation for the privatization programmes of governments. The book concludes with a postscript linking the argument of the book with the European Commission's Agenda 2000 report of July 1997.This book will prove invaluable to academics and students in the field of transition economics, the economics of the European Union, comparative institutions and industrial policy.Trade Review'The volume has raised wide-ranging questions relating to integration and transition of controlled economies to market economies. Most of these experiences are useful for countries with bulging fiscal deficit and struggling hard to bring in efficiency in public expenditure. . . . The volume will no doubt be useful for policymakers and researchers of countries in transition.' -- Pradosh Nath, Journal of Scientific and Industrial ResearchTable of ContentsContents: 1. Competition Policy for Central and Eastern Europe: The Challenge of the Europe Agreements (S. Estrin and P. Holmes) 2. The Central European Countries and the European Union’s Waiting Room: Why Must they Adopt the EU’s Competition Law? (E.M. Fox) 3. Central and East European Countries’ Approximation of Legislation in the Competition Field: If, Why and How? (T. Jakob) 4. EU Competition policy Without Membership: Lessons from the European Economic Area (E. Smith) 5. The Full Potential of the Europe Agreement: Private Positive Comity, Direct Effect and New Balancing within Public Interest Clauses (G. Marceau) 6. Competition Policy as a Framework for Privatization: The Case of Greece (M. Frangakis) 7. Greek Legislation on Competition policy and its Implementation (N.C. Baltas) 8. Central Issues of Hungarian Competition Policy in the Light of Association with the European Union (F. Vissi) 9. Implementing Competition Policy in Poland: Transition and the European Integration Context (J. Saryusz-Wolski) 10. Approximating Czech Competition Law and the European Union Law: Advantages and Disadvantages (S. Matzchova) 11. Some Aspects of Relations between the European Union and Slovakia (E. Jurzyca) 12. Choices in Transition: The Contract State and Direct Service in Local Government Expenditure (S. Szymanski) Index

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Book SynopsisBaumol's Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.The book opens with an introduction by Ruth Towse in which there is an overview of William Baumol's work. In this discussion Ruth Towse examines Baumol's work in the context of the development of the economics of the arts. The volume is then divided into parts and begins by introducing William Baumol's work through several autobiographical essays. This is followed by some of his early contributions to cultural economics and the cost disease. William Baumol's leading macroeconomic work on the 'unbalanced growth model' is also included and the debate about it at its inception. In parts three and four some of the more empirical papers on the arts are presented as well as essays on policy implications for the arts. Following this are chapters on the theatre and publishing as well as historical studies of the arts and the implications of the cost disease for libraries, health care and education.This book contains William Baumol's contribution to cultural economics and spans over 30 years of writing on the subject, much of which is not widely available. It provides a real insight into the development of Baumol's analysis and his perception of the problems of the arts and other labour-intensive sectors.Trade Review'Baumol is probably recognised more for his contribution to the economics of the performing arts than of scholarly communications. His observation of information technology is rarely cited when it should be. Even his sometime co-author, William G. Bowen, seems unaware of Baumol's diagnosis of the cost disease in academic libraries. Hopefully, the present volume will help remedy this gap.'

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Book SynopsisThe Political Economy of Economic Freedom brings together a timely selection of Sir Alan Peacock's views on economic freedom, its philosophy, its influence on the critique of economic policy and the problems encountered in expanding it.The book represents a diversity of experience ranging from academic speculation to close involvement with policy issues. An opening chapter introduces the essays and discusses the promotion of economic freedom. The book is then divided into three parts and each essay is introduced with a discussions of its intellectual origins. Part I considers how far the pursuit of individual freedom conditions government intervention in the pursuit of economic growth, the right to freedom of expression, conduct in the market place and the distribution of income, affording the author an opportunity to analyse the views both of his contemporaries and such major figures as Hume and Keynes. In Part II the author uses his specialist knowledge of public choice and public finance to explore 'government failure' in attempts to impose progressive taxation, to influence industry through subsidy and regulation and to control bureaucracy. In the final part, the author draws on his personal experience to demonstrate the problems encountered by economic advisers in devising reforms in the tax system, the devolution of government, social security and broadcasting.This volume will be welcomed by business and government, as well as by professional economists and social scientists familiar with Sir Alan's commitment to economic analysis as the servant of policy debate rather than merely a form of intellectual gymnastics.Trade Review'The captivating nature of these contributions to political economy - which were all published between 1976 and 1996, but mostly in the last decade - is a clear reflection of Sir Alan's authoritative standing both as an academic economist and a government economic advisor. . . . the book addresses a wide range of philosophical questions and practical policy issues, thus offering plenty of stimulating material for both the theoretical and applied economist, as well as other social scientists.'Table of ContentsContents: Introduction 1. The Promotion of Economic Freedom Part I: Political Economy 2. Economic Freedom 3. Ethics, Economics and the Liberal Order 4. The Value of Freedom of Expression 5. Liberalism and Economic Growth 6. Welfare Philosophies and Welfare Finance 7. Foreword to David Hume’s Political Discourses 8. Keynes and the Role of the State 9. The LSE and Post-war Economic Policy Part II: Analysis 10. The Justification for Progressive Taxation 11. The Rise and Fall of the Laffer Curve 12. The Disaffection of the Taxpayer 13. Economic Analysis of Problems of Government Selective Aid with Martin Ricketts 14. Bargaining and the Regulatory System with Martin Ricketts 15. Public X-inefficiency: Informational and Institutional Constraints 16. Government Debt and Growth in Public Spending with Ilde Rizzo Part III: Policy and Reform 17. Fiscal Theory and the ‘Market’ for Tax Reform 18. Designing Tax Reform: Identifying the Problems 19. The Political Economy of Devolution: The British Case 20. The ‘Politics’ of Investigating Broadcasting Finance 21. The Political Economy of Public Service Broadcasting 22. The Credibility of Economic Advice to Government 23. The Utility-maximizing Government Economic Adviser: A Comment Index

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Book SynopsisFull employment and growth in the international economy remain the greatest economic challenges as we approach the twenty-first century. This important book, edited by two leaders in the field, rigorously examines these real world problems from a post Keynesian perspective and provides practical policy solutions for achieving growth and reducing unemployment.The increasing interdependence of world trade and the integration of capital markets has led to the globalization of the international economy. This globalization demands new policy prescriptions for international growth and employment without inflation. In order to combat stagflation, a distinguished group of authors suggests policies for achieving growth and employment within the framework of an entrepreneurial market system. They identify and evaluate the factors determining the expansion of the global economy and assess the impact of financial markets, derivatives and international regulations on domestic and global economic performance.Improving the Global Economy will be of special interest to policymakers, macroeconomists and all those concerned with global growth and employment issues.Trade Review'The book offers a useful collection of contributions . . . both on the relevance of the economics of Keynes, as well as on some key issues of concern for the growth of the global economy.' -- Claudio Lucifora, The Economic JournalTable of ContentsContents: Introduction Part I: Consumption, Investment and Government Spending Part II: Roundtable: Can Keynes’s Employment Policies Reach the Underclass? Part III: Keynes and Economic Development Part IV: Income Distribution Index

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Book SynopsisThe Rise and Fall of the Wealth of Nations is an interdisciplinary study concerning growth and cycles in economic development. It builds a bridge between rigorous economic theory and historical studies of long run economic evolution.This authoritative book explains long waves of economic activity and the rivalry of nations for leadership. It considers the concept that such waves of activity are characterized by a cyclical change of societies focusing alternately on capital accumulation and distribution. It also discusses the idea that a change in the economic leadership of a nation occurs after nations reach the height of their influence and turn away from accumulating capital in favour of distribution of income and wealth.This volume will be welcomed by academics, policymakers and students of economics and economic history.Trade Review'This book is a major contribution, with particular importance to those with an interest in growth theory and business cycles. . . Such a socio-cultural explanation of economic phenomena is unusual and highly original.'Table of ContentsContents: Preface 1. Introduction 2. Long Waves in the Economy and in Politics 3. Abundance of Explanations 4. Time Preference 5. Capital Formation with Population Growth 6. Economic Growth with Technological Change 7. Growth under Uncertainty and Imperfect Foresight 8. Long Waves of Economic Development 9. Long Waves and Business Cycles 10. Natural Resources and Population 11. Institutional Change 12. The History of Long Waves 13. International Rivalry 14. Epilogue Index

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Book SynopsisThe Struggle for World Markets examines the pattern of deepening integration and imbalances across the Atlantic as the European Union and North America are increasingly linked through high volume trade and expanding transnational production. Distinguished authors examine in detail structural policy issues, foreign direct investment flows, free trade options and the evolution of collaborative arangements between firms, especially in high technology sectors. The volume explores the possibility of promoting greater links between the European Union and North America. It offers assessments of potentials for the formation of new alliances that would strengthen Atlantic economic ties.The Struggle for World Markets will be invaluable to policymakers and scholars with an interest in international business, international political economy, commerce and political science.Table of ContentsContents: 1. Re-energizing the Transatlantic Connection (J.H. Dunning) 2. Atlantic Interdependencies and Free Trade (S. Blank and A. Taillandier) 3. Structural Interdependence between the European Union and the United States: Technological Positions (P. Buigues and A. Jacquemin) 4. North American Sectoral Profiles and Corporate Strategy in the Automobile Industry (A. Rugman and G. Boyd) 5. Atlantic Systems of Corporate Finance and Governance (S. Prowse) 6. Atlantic High-technology Complementarities (J. Niosi and B. Godin) 8. Atlantic Foreign Direct Investment Flows (P.J. Buckley and J. Clegg) 9. Atlantic Strategic Technology Alliances (J. Hagedoorn) 10. Systemic Approaches to Managing Interdependencies (G. Boyd) 11. Planning Atlantic Direct Investment Conferences (G. Boyd) Index

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Book SynopsisAdvances in General Equilibrium Theory presents a new approach to the construction of general equilibrium models. It considers the methods that should be adapted and some of the principal subjects with which general equilibrium modelling should be concerned in order to convert it into a useful body of knowledge.The book examines from new perspectives the major questions that have concerned general equilibrium theorists during this century, including the characteristics of perfect competition and the existence, uniqueness and stability of economic equilibrium. The author develops the concept of models as functioning systems, identifies the differences between models and equation systems and discusses the implications of the differences between mathematical methods and economic determinacy. He demonstrates that the treatment of perfect competition has been deeply flawed, that modern general equilibrium models are not functioning systems, that many equation systems in the literature are not supported by underlying models, and that models which would justify these equations are either improbable or inconceivable. In conclusion, Professor Walker indicates how these perspectives can be used to develop a new general equilibrium model, and presents an outline of its content.Advances in General Equilibrium Theory will be of special interest to microeconomists and those interested in economic methodology and general equilibrium modelling.Trade Review'I want to congratulate Professor Walker on what I think is a tour de force. He effectively demolishes what I have always thought was a very anaemic approach to discussing competition. I am going to suggest that a number of my colleagues read his book and hopefully develop a clearer perspective on the nature of markets.' -- Karl McDermott, National Economic Research Associates and formerly, Illinois Commerce Commission, USTable of ContentsContents: Introduction 1. The Construction of Functioning Models 2. Descriptions, Equations and Models 3. The Meaning and Conditions of Competition 4. New Perspectives on the Existence of Equilibrium 5. New Perspectives on the Stability and Uniqueness of Equilibrium 6. Reformation and Prospects of General Equilibrium Models Index

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Book SynopsisStructural change analysis has been a distinctive feature of economics since its formative period. This authoritative three-volume collection presents a comprehensive selection of the key contributions to the topic.The Economics of Structural Change shows the central role that compositional dynamics plays in the analysis of fluctuations, development, employment and economy-environment interactions. Volume I covers concepts and theories in the economics of structural change; Volume II includes specific contributions to structural theories of growth, cycles and technological change; Volume III focuses on specific areas in the empirics of structural change analysis.This important three-volume set will be indispensable to researchers and practitioners alike.Trade Review'These volumes constitute a remarkably comprehensive collection of seminal articles on structural change, including historical works such as Adam Smith on the division of labor and Karl Marx on reproduction schemes and modern pieces by Leontief, Sraffa, Pasinetti, Goodwin, Baumol, Arrow, Aghion and Howitt.' -- Edward Wolff, New York University, USTable of ContentsContents: Volume I: Economic Structure and Change: Concepts and Theories Acknowledgements Introduction Harald Hagemann, Michael Landesmann and Roberto Scazzieri PART I PHASES OF ECONOMIC DEVELOPMENT: CLASSICAL APPROACHES 1. A.R.J. Turgot ([1766]1973), ‘Reflections on the Formation and the Distribution of Wealth’ 2. James Steuart ([1767]/1966), ‘Introduction’ 3. Adam Smith ([1776]/1976), ‘Of the Natural Progress of Opulence’ 4. François Quesnay ([1758]/1972) in the ‘Third Edition’ 5. Karl Marx ([1885]/1956), ‘III: Schematic Presentation of Accumulation’ and ‘Supplementary Remarks’ 6. Eugen v. Böhm-Bawerk ([1891]/1930), ‘The Theory of the Formation of Capital’ 7. John Bates Clark (1899), ‘Capital and Capital-Goods Contrasted’ PART II DYNAMIC FACTORS, GROWTH AND STRUCTURAL CHANGE 8. Adam Smith ([1763]/1978), ‘Division of Labour’ 9. John Rae (1834), ‘Of the Principle of the Division of Labor’ 10. T.R. Malthus (1820), excerpt from ‘On the Immediate Causes of the Progress of Wealth’ 11. David Ricardo ([1817]/1951), ‘On Rent’ 12. Erik Dahmen (1955), ‘Technology, Innovation and International Industrial Transformation’ 13. John Hicks (1973), ‘The Mainspring of Economic Growth’ PART III THE ANALYTICAL REPRESENTATION OF ECONOMIC STRUCTURE 14. Wassily Leontief (1928), ‘The Economy as a Circular Flow’ 15. Ragnar Nurkse (1935), ‘The Schematic Representation of the Structure of Production’ 16. J. v. Neumann (1937), ‘A Model of General Economic Equilibrium’ 17. Piero Sraffa (1960), ‘On "Sub-Systems"’ 18. Luigi L. Pasinetti (1973), ‘The Notion of Vertical Integration in Economic Analysis’ 19. John Hicks (1973), ‘The Process and its Profiles’ 20. Salvatore Baldone (1996), ‘Vertical Integration, the Temporal Structure of Production Processes and Transition Between Techniques’ 21. Nicholas Georgescu-Roegen (1971), ‘The Analytical Representation of Process and the Economics of Production’ 22. Herbert A. Simon and Albert Ando (1961), ‘Aggregation of Variables in Dynamic Systems’ 23. Camilo Dagum (1969), ‘Structural Permanence’ 24. R.M. Goodwin (1976), ‘Use of Normalized General Coordinates in Linear Value and Distribution Theory’ 25. Michael A. Landesmann and Roberto Scazzieri (1990), ‘Specification of Structure and Economic Dynamics’ Name Index Volume II: Growth, Cycles and Technological Change: Structural Approaches Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I STRUCTURAL THEORIES OF ECONOMIC GROWTH 1. Adolph Lowe (1955), ‘Structural Analysis of Real Capital Formation’ 2. John Hicks (1985), ‘Structural Disequilibrium-Traverse’ and ‘Traverse Again: The Austrian Method’ 3. Luigi L. Pasinetti (1993), ‘Structural Dynamics’ 4. Harald Hagemann (1990), ‘The Structural Theory of Economic Growth’ 5. Alberto Quadrio-Curzio (1986), ‘Technological Scarcity: An Essay on Production and Structural Change’ 6. William J. Baumol (1967), ‘Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis’ PART II STRUCTURAL THEORIES OF ECONOMIC FLUCTUATIONS 7. Dennis Holme Robertson (1915), ‘Temptations to Over-Investment’ and ‘Aggravations of Depression’ 8. A. Spiethoff ([1933]/1937), ‘Overproduction’ 9. Albert Aftalion (1927), ‘The Theory of Economic Cycles Based on the Capitalistic Technique of Production’ 10. Franco Nardini (1990), ‘Cycle-trend Dynamics in a Fixwage Neo-Austrian Model of Traverse’ 11. Mario Amendola and Jean-Luc Gaffard (1998), ‘Change’ 12. Ragnar Frisch (1933), ‘Propagation Problems and Impulse Problems in Dynamic Economics’ 13. Eugen Slutzky (1937), ‘The Summation of Random Causes as the Source of Cyclic Processes’ 14. Joseph Schumpeter (1928), ‘The Instability of Capitalism’ 15. Philippe Aghion and Peter Howitt (1992), ‘A Model of Growth Through Creative Destruction’ 16. Gerald Silverberg and Doris Lehnert (1993), ‘Long Waves and "Evolutionary Chaos" in a Simple Schumpeterian Model of Embodied Technical Change’ PART III TECHNICAL PROGRESS AND ECONOMIC CHANGE 17. Nicholas Kaldor ([1961]/1963), ‘Capital Accumulation and Economic Growth’ 18. Kenneth J. Arrow (1962), ‘The Economic Implications of Learning by Doing’ 19. W.E.G. Salter ([1960]/1969), ‘A Model of the Delay in the Utilisation of New Techniques of Production’ and ‘Factor Prices and the Adjustment Process’ 20. Christopher Bliss (1968), ‘On Putty-Clay’ 21. Paul A. David (1985), ‘Clio and the Economics of QWERTY’ 22. W. Brian Arthur (1989), ‘Competing Technologies, Increasing Returns, and Lock-in by Historical Events’ 23. Giovanni Dosi (1982), ‘Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical Change’ 24. Edward Ames and Nathan Rosenberg (1964), ‘The Progressive Division and Specialization of Industries’ 25. Xiaokai Yang and Jeff Borland (1991), ‘A Microeconomic Mechanism for Economic Growth’ 26. Danny T. Quah (1997), ‘Increasingly Weightless Economies’ Name Index Volume III: Economic Developments: Patterns and Empirics Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I DECOMPOSING ECONOMIC GROWTH: HISTORICAL PERSPECTIVES 1. W.G. Hoffmann ([1931]/1958), ‘The Pattern of Industrial Growth’ 2. Allan G.B. Fisher (1939), ‘Production, Primary, Secondary and Tertiary’ 3. Simon Kuznets (1971), ‘Summary and Interrelations’ 4. Ingvar Svennilson (1954), ‘The Process of Economic Growth’ 5. Nathan Rosenberg (1963), ‘Capital Goods, Technology, and Economic Growth’ 6. Moses Abramovitz (1986), ‘Catching Up, Forging Ahead, and Falling Behind’ 7. Bart Verspagen (1995), ‘Convergence in the Global Economy. A Broad Historical Viewpoint’ 8. Danny T. Quah (1996), ‘Empirics for Economic Growth and Convergence’ PART II PATTERNS OF ECONOMIC DEVELOPMENT 9. P.N. Rosenstein-Rodan (1943), ‘Problems of Industrialisation of Eastern and South-Eastern Europe’ 10. Paul Streeten (1959), ‘Unbalanced Growth’ 11. Shigeru Ishikawa (1967), ‘Initial Conditions’ 12. Hollis B. Chenery and Lance Taylor (1968), ‘Development Patterns: Among Countries and Over Time’ 13. Sukhamoy Chakravarty (1980), ‘Relevance of Growth Models to Development Planning’ 14. Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny (1989), ‘Industrialization and the Big Push’ 15. Chin-Lih Wang, Juh-Luh Sun and Tein-Chen Chou (1992), ‘Sources of Economic Growth and Structural Change: A Revised Approach’ 16. Kiminori Matsuyama (1992), ‘Agricultural Productivity, Comparative Advantage, and Economic Growth’ PART III EMPLOYMENT AND TECHNOLOGY 17. Hans P. Neisser (1942), ‘"Permanent" Technological Unemployment: "Demand for Commodities Is Not Demand for Labor"’ 18. Wassily Leontief and Faye Duchin (1986), ‘The Future Impact of Automation on Employment’ 19. David M. Lilien (1982), ‘Sectoral Shifts and Cyclical Unemployment’ 20. Eileen Appelbaum and Ronald Schettkat (1995), ‘Employment and Productivity in Industrialized Economies’ PART IV ECONOMIC AND ENVIRONMENTAL CHANGE 21. Nicholas Georgescu-Roegen (1986), ‘The Entropy Law and the Economic Process in Retrospect’ 22. Charles Perrings (1987), ‘Closed Physical Systems: A Model’ 23. Robert Ayres (1991), ‘Evolutionary Economics and Environmental Imperatives’ 24. Robert Costanza and Herman E. Daly (1992), ‘Natural Capital and Sustainable Development’ PART V INSTITUTIONS AND ECONOMIC CHANGE 25. Irma Adelman and Cynthia Taft Morris (1967), ‘The Long-Run Analysis’ 26. Adam Przeworski and Fernando Limongi (1993), ‘Political Regimes and Economic Growth’ 27. Albert O. Hirschman (1994), ‘The On-and-Off Connection Between Political and Economic Progress’ 28. Mancur Olson (1993), ‘Dictatorship, Democracy, and Development’ 29. Douglass C. North (1984), ‘Transaction Costs, Institutions, and Economic History’ 30. Paul A. David (1994), ‘Why Are Institutions the "Carriers of History"?: Path Dependence and the Evolution of Conventions, Organizations and Institutions’ PART VI TESTING FOR STRUCTURAL CHANGE 31. T.C. Koopmans and O. Reiersøl (1950), ‘The Identification of Structural Characteristics’ 32. R.L. Brown, J. Durbin and J.M. Evans (1975), ‘Techniques for Testing the Constancy of Regression Relationships over Time’ 33. Dale J. Poirier (1991), ‘The Econometrics of Structural Change: A Retrospective View’ 34. Jushan Bai and Pierre Perron (1998), ‘Estimating and Testing Linear Models with Multiple Structural Changes’ 35. David F. Hendry (2000), ‘On Detectable and Non-detectable Structural Change’ Name Index

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Book SynopsisThis is the first of three volumes, written by an internationally renowned group of experts, to celebrate the contribution of Bernard Corry and Maurice Peston to teaching and research.In this first volume, the distinguished contributors provide original material on the formulation of macroeconomic policy in advanced countries ranging from a study of central bank independence, the consequences of European monetary union and macroeconomic policy in transition economies.Table of ContentsContents: Introduction Part I: The Trend of Macroeconomic Policy 1. Notes on Inflation Targeting 2. Kalecki’s ‘Political Aspects of Full Employment’ Revisited 3. Post Keynesian Economic Policy Part II: The Independent Central Bank 4. The Privatization of Monetary Policy 5. Emergency Changes in Monetary Policy 6. Central Bank Independence Has Costs, Not Just Benefits 7. What are the Central Bank’s and the Private Sector’s Objectives? Part III: Emerging Problems in Macroeconomic Policy 8. The Economics and Politics of European Monetary Union 9. Convergence in European Bond Markets 10. Severe Fiscal Contradictions and Expansions Part IV: Macroeconomic Policy Beyond the OECD 11. Non-linear Hyperinflationary Exchange Rate Dynamics 12. Islands of Tranquillity in a Turbulent World? Index

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Book SynopsisThe Keynesian revolution in the United States was a remarkable event in intellectual and economic history entailing a major shift in economists' thinking and the creation of a new field in economics - macroeconomics. From the first roots in the 1930s to Keynesianism's predominance in the early 1950s, The Coming of Keynesianism to America explains what the revolution was, as well as why and how it occurred.This book is based around a set of interviews with, what might be called, the Keynesian revolutionaries - the individuals most responsible for introducing Keynesian economics to the United States. It includes formal interviews with Richard Musgrave, Abba Lerner, Paul Samuelson, Tibor Scitovsky, Evsey Domar, Robert Bryce, Lorie Tarshis, John Kenneth Galbraith, Paul Sweezy, Walter Salant and Leon Keyserling. These interviews give the reader a sense of what the Keynesian revolution was and how it spread, as well as the hostility these earlier revolutionaries faced, and the similarities and differences in their views. The interviews are introduced by an essay which presents the Keynesian revolution in three parts as theoretical, political and pedagogical, concerned with the development of tools and models to teach macroeconomics. This essay sets the stage for the interviews and relates them to modern macroeconomic debates.The Keynesianization of America is interesting not just to historians of economic thought but also to other economists who want to know about the development of their discipline and to interested lay people and historians who follow the spread of ideas.Trade Review'. . . the most important merit of this book is simply that it is a good read which conveys the excitement of being a Keynesian at the end of the 1930s.' -- J.W. Nevile, History of Economics Review'. . . an important book, most of all for the generous human beings revealed, the genuine fire in the bellies of the people interviewed . . .' -- G.C. Harcourt, The Economic Society of Australia'David Colander and his co-author, Harry Landreth, via the reporting of "conversations" have rendered a great service to the economics profession by providing a written record on how Keynesianism came to America.' -- Paul Davidson, Journal of Economic Issues

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Book SynopsisThis important volume brings together 22 major essays written by A.P. Thirlwall over the last 30 years in the field of macroeconomics, and in particular on multiplier analysis, unemployment, inflation, growth and the balance of payments.These outstanding essays make pioneering contributions, such as the input-output formulation of the foreign trade multiplier; the derivation and use of the dynamic Harrod foreign trade multiplier; the measurements of types of unemployment; the estimation of regional Phillips curves, and the formalization of Kaldor's model of regional growth rate differences.Many of the essays are written from a Keynesian perspective, and the recent revival of interest in Keynesian economics means that the essays are as relevant today as when they were written, especially those on the nature of unemployment, the causes of inflation, and the link between the balance of payments and economic growth.Macroeconomic Issues from a Keynesian Perspective will be of interest not only to professional economists but also to policymakers in developed and developing countries for the insights it provides into the functioning of the macroeconomy.Table of ContentsContents: Introduction Part I: Keynesian Theory and Multiplier Analysis Part II: Unemployment and Inflation Part III: The Balance of Payments and Growth Index

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Book SynopsisThis major book presents an objective and penetrating economic analysis of stabilization and reform in Eastern Europe, combined with a compassionate plea for individual rights and solidarity.Janos Kornai - one of the most famous Hungarian economists of his generation - focuses on two main issues: first, the problems of stabilization and adjustment, which are painful but necessary conditions of sustainable growth and second, the reform of the 'premature welfare state' of Eastern European countries, which is disproportionately large in relation to the resources available and which was hitherto managed in a highly centralized, bureaucratic and paternalistic way.Struggle and Hope goes beyond most other books on the transition process by placing considerable emphasis on the understanding of the ethical implications and the historical roots of each problem, and also the political conditions and consequences of change. Although economic efficiency is extremely important, it is not the exclusive criterion; ethical principles of individual sovereignty and solidarity must also receive particular attention.Professor Kornai's insightful analysis will become required reading for all those concerned with the process of post-socialist transition.Trade Review'. . . he [the author] presents an interesting and original analysis of the transition to a post-socialist economy. . . . The book presents an illuminating analysis of the macroeconomic and social policy options in the process of change from a centrally planned, socialist economy to one based on the market and private enterprise.'Table of ContentsContents: 1. Eliminating the Shortage Economy: a General Analysis and Examination of Developments in Hungary 2. Lasting Growth as Top Priority: Macroeconomic Tensions and Government Economic Policy in Hungary 3. A Steep Road: an Interview by László Zsolt Szabó on the Stabilization Programme 4. The Dilemmas of Hungarian Economic Policy: An analysis of the Stabilization Programme 5. Paying the Bill for Goulash Communism: Hungarian Development and Macro Stabilization in a Political-Economy Perspective 6. Adjustment without Recession: A Case Study of Hungarian Stabilization 7. The Responsibility of the Individual and Society: An Interview by Mihály Laki on Social Issues 8. The Citizen and the State: Reform of the Welfare System Index

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Book SynopsisThis important book offers a detailed and analytical reconstruction of the pioneering attempts of Walras and Pareto to coordinate money and general equilibrium theory. It argues that the very logic of the original static general equilibrium model excludes the integration of monetary and value theory.The book presents for the first time the entire Lausanne tradition from Walras to Pareto. Its detailed coverage of the main literature between 1870 and 1923 contributes to the understanding of a central issue in modern general equilibrium theory, that is, the impossibility of coordinating money and price theory with the logic of Walras's model based on the theory of exchange. It shows how money is prevented from playing its essential role as a social institution in allowing monetary exchanges between individuals. In particular, the discussion focuses on the static nature of Walras's pure economics and the simultaneous lack of a proper means of exchange. In conclusion it calls for some radical re-thinking on this theoretical construction on which much modern economic theory is based.Money and General Equilibrium Theory will be welcomed by historians of economic thought, microeconomists and general equilibrium and money theorists.Trade Review'. . . the book gives a very good idea of what Leon Walras did in the field of pure and applied monetary theory throughout his whole career. In particular, it gives the reader an impression of Walras's tenacity in trying to find how the economic variables depend on each other and on a number of parameters.'Table of ContentsContents: Introduction 1. The First Lausanne Decade: General Equilibrium and the Equation of Exchange (1871–1880) 2. Periodical Market, Equation of Exchange and ‘Forced Saving’: Walras’s Applied Theory of Money 3. From the Théorie de la Monnaie to the Etudes d’Économie Politique Appliquée: More Variations on the Same Themes (1886–1898) 4. The Last Monetary Model (1899–1900), or the Ultimate Triumph of Internal Consistency 5. The Fate of a Still-born Tradition: Pareto and After Index

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Book SynopsisThis innovative book shows how new Keynesian economics has reacted to the challenges of new classical economics. It argues that new Keynesian economists have responded positively to the challenge and strengthened the analytical power of their models.The first part of the book offers a critical reconstruction of the two crucial strains developed in new Keynesian economics. Firstly, the analysis of nominal and real rigidities based on imperfect competition in markets and secondly the analysis of capital market imperfections based on information asymetries. The authors argue that the constraints and market failures of new Keynesian models need to be specified. In the second part they focus on the financial constraint of credit rationing, the market failure of unemployment equilibria and the links between financial constraints and the workings of the labour market in economic cycles. The analysis of this does not provide a solution to all the analytical problems of the new Keynesian framework, but assesses the strengths and weaknesses of new Keynesian economics. The authors suggest that new Keynesian economics has opened a promising path of research which could make a pathbreaking contribution to macroeconomic theory.Table of ContentsContents: Preface 1. The New Keynesian Economics: A Survey 2. An Investigation into the New Keynesian Macroeconomics of Imperfect Capital Markets 3. New Keynesian Economics and Sequence Analysis 4. Credit Rationing with Loans of Variable Size 5. Market Imperfections, Unemployment Equilibria and Nominal Rigidities 6. Nominal Shocks, Net Worth and Economic Activity: A New Keynesian View of the Monetary Transmission Mechanism Index

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Book SynopsisThis book is the third and final volume of essays celebrating the work and lifetime contribution of Paul Davidson to economics, specifically the development of post Keynesian Economics.The outstanding group of international economists examine areas in which Paul Davidson has an interest, or has made significant contributions. They explore international macroeconomic issues such as consumption and investment, wage and price flexibility, sticky prices and aggregate production, and financial liberalization. Other contributions discuss economic rhetoric and post Keynesian methodological issues while the final part of the book turns to real problems such as the politics and economics of the European Union, the stabilization of the international oil market and realities of financial liberalization.Trade Review'The editor has skillfully included the discussion of policy issues in a manner that the reader is allowed to discuss the topical issues from the point of view of different perspectives on the basis of their respective methodological foundations. The book is a methodologist's delight, and at the same time the focus is on understanding methodological foundations, which is tantamount to understanding crucial dimensions of economic processes.' -- Satya Prasad, KyklosTable of ContentsContents: Introduction (P. Arestis) 1. Davidson, Non-Ergodicity and Individuals (J.B. Davis) 2. Social Relations, Social Reproduction and Stylised Facts (T. Lawson) 3. Rhetoric, Paradigms, and the Relevance of the Aggregate Production Function (J. McCombie) 4. Keynes in Retrospect (R. Clower) 5. Consumption and Investment when Bankruptcy is not a Fate worse than Death (M.J. Gordon, S. P. Sethi) 6. Marx, Keynes, and Class War in America (W.C. Peterson) 7. Why Wage and Price Flexibility is Destabilising (B. Moore) 8. On Sticky Prices: A Post Keynesian Perspective (R. Rotheim) 9. Some Considerations on the Economics and Politics of the EU and the Maastricht Treaty (K.W. Rothschild) 10. The International Oil Market: Structural Changes and Stabilization Policies (A. Roncaglia) 11. Financial Liberalisation: Myth or Reality (P. Arestis, P. Demetriades) P. Davidson: Bibliography Index

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Book SynopsisThe Evolution of the Single European Market provides a detailed empirical and theoretical analysis of the impact of the Single European Market - one of the most significant developments in the world economy in the late twentieth century.A distinguished group of contributors examines how the Single Market has developed in practice and the impact it has had on industry regions and groups in society. They chart the likely future course of further integration in the light of public choice theory, subsidiarity and the current experience within the Single Market. The differences between the member states are analysed in detail as are the reasons why it has been so difficult to obtain agreement. They examine, from an evolutionary approach, issues such as competition law, the Single European Act, the unofficial means of implementation and enforcement, 'competition among rules', and the social dimension and external impact of the Single Market. The contributors include lawyers, economists, political scientists, sociologists and regional scientists, whose contribution stems from the work of over one hundred researchers across Europe in a linked programme of projects.This forward looking book will be required reading for researchers and students with an interest in economic and political integration as well as politicians and businesses involved in cross-border trade and investment. It will also be of interest to academics in the areas of economics, politics, law, social policy and geography.Table of ContentsContents: 1. Introduction (D.G. Mayes) 2. Setting and Influencing the Rules (S. Bulmer) 3. Implementing the Rules (J.A. Usher) 4. Competition among Rules in the European Union (S. Woolcock) 5. The Impact of Rules (K. Hartley, A. Cox and D. Mayes) 6. Socio-economic Environments and Rule-making in the EU (R.M. Lindley) 7. The Evolution of Rules (D. Matthews) 8. The Single Market, European Integration and Political Legitimacy (A. Weale) 9. The External Impact (C. Brewin) 10. Mutual Trust, Credible Commitments and the Evolution of Rules for a Single European Market (G. Majone) Index

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Book SynopsisPersistent Disparity provides a comprehensive examination of the magnitude and scope of racial economic disparity in the United States. The authors directly assess the extent of black economic progress in the US since World War II and address the controversy of whether the racial income gap is closing or widening as America approaches the 21st century. Darity and Myers explicitly make the connection between what the theory of racial inequality espouses and corresponding policy recommendations for remedying such disparity such as affirmative action and reparations. The authors challenge the cultural-genetic explanation and advance a new theoretical explanation that incorporates a more expansive characterization of the nature and role of discrimination. They also conclude that conventional anti-discrimination efforts are unlikely to be sufficient to close the gap.This book will be essential reading for anyone interested in US social and economic history, political economy, African-American studies, and public policy.Trade Review'. . . the authors raise serious questions that often are not dealt with much in the mainstream economics literature. . . . Persistent Disparity is an interesting book with a provocative thesis that challenges conventional thinking. . .'/Table of ContentsContents: 1. The Widening Gap – Increasing Interracial and Intraracial Inequality 2. General Inequality in American Society and the Widening of the Gap within Races 3. Inequality and the Widening Gap between the Races 4. Education and Earnings Inequality among Family Heads 5. Family Structure, Labour Force Participation and Earnings Inequality 6. Forecasts and Prospects 7. Remedies for Racial Economic Inequality 8. Conclusions and Policy Directions

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Book SynopsisThe pursuit of economic growth is at the top of every nation's policy agenda at the end of the 20th century. This authoritative and comprehensive book goes beyond the narrowly-based convergence model of economic growth by considering global, national and regional patterns of growth from a comparative perspective. Issues examined include: the evolution of the firm and the role of R&D long-term implications of the loss of national sovereignty international 'openness' social and political institutions patterns of regional harmonization in the United States, particularly income and earnings trends across states and the reasons for convergence persistent regional disparities in Europe including the roles of sectoral transformation, regional spillovers, human capital formation and the allocation of structural funds the experience of convergence in individual countries including Italy, the UK, Spain and Germany Trade Review'. . . this is an interesting book containing on the whole respectable well-tried approaches typical of the mid-to-late 1990s and addressing serious issues of real practical concern to human welfare, rather than being an expose of avant-garde innovations in methodology or theory. . . the contributions are well written and accessible, so that the book could profitably be used as supplementary reading by advanced students of regional economics, regional science or quantitative economic geography. The editors and authors, have made a significant and important contribution.'Table of ContentsContents: Introduction Part I: The Fabric of Global Economic Growth Part II: Contrasting Patterns: The United States and Europe Part III: Regional Mosaics in National Contexts Index

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Book SynopsisRapid technological developments in communications and transportation, economic liberalization and the emergence of new economies with vast market potential have changed the shape of international production. This scholarly selection of articles represents some of the most important contributions to an understanding of this ongoing, global economic restructuring and its impact on the geographic configuration of production and the economic competitiveness of nations in the world economy.Trade Review'The 29 contributions in volume 3 provide an excellent overview of the theoretical and empirical economics literature on global economic restructuring and changes in industrial location and competitiveness.' -- Journal of Peace ResearchTable of ContentsContents: Introduction Part I: Origins of Structural Change: Marshallian Agglomeration and Schumpeterian Innovation Part II: The Role of the Multinational in Global Agglomeration Part III: Synergies Between MNEs and Local Firms Part IV: Government Policies, Industry Location and National Competitiveness Part V: The Unfolding Pattern

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Book SynopsisTwo of the most important economic processes at work in recent years are the globalization of the world economy and the economic transition in Central and Eastern Europe and the former Soviet Union. This book analyses the transition process from a comparative perspective and places these changes within the wider framework of globalization.It assesses the problems of transition faced by business and governments to better understand the direction in which future economic and political policy should move for improved growth. It evaluates the current stage of economic development in the transitional countries and discusses trends in the world economy since the early 1990s. Specifically, it addresses trends in global and regional development strategies, government policies, privatization, foreign investment and external balances. The authors then analyse the future prospects for economic and political relations between Eastern Europe and the European Union, the World Trade Organization and the international community as a whole. Some of the specific issues they focus on include US industrial competitiveness policy, economic nationalism, privatization in Eastern Europe, venture capital activities, the required economic conditions for Eastern European countries to join the European Union, regionalism and industrial policy for Eastern Europe, and lessons to be learned from the Japanese and Hong Kong transformations, as well as a comparative assessment of some political aspects of the economic strategies in Japan and Germany.Eastern Europe and the World Economy will be welcomed by scholars and students interested in the economics of transition, comparative economic systems, international economics and development economics, as well as by policymakers and government officials.Trade Review'The book makes a valuable contribution to the rather controversial issues of the mutual interweaving of transition and globalization. Although it covers a wide variety of topics it creates an integrated and coherent product . . . One can say that the book will not only assist scholars but also managers in their dealings with the countries of Central and Eastern Europe in their transformation into modern market economies integrated into the processes of globalization.' -- Matija Rojec, Journal of International Relations and Development '. . . the chapters are . . . interesting and well argued . . . some of the authors' suggestions are as relevant today as they were at the time of writing.'– Andras Koves, Slavic ReviewTable of ContentsContents: Introduction Part I: The Developed Economies Part II: The East European Economies Part III: International Organizations and the Transitional Economies in Eastern Europe Part IV: Selected Aspects and Perspectives Index

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Book SynopsisService Industries in the Global Economy is a comparative international reference collection which identifies and reprints the most important articles on services and the service economy written by geographers, economists and sociologists. The focus is on the growth and evolution of service activities in the advanced economies of Europe, North America and the Pacific Rim within the framework of the global economy.The first volume explores the shift away from manufacturing employment towards a variety of service occupations in the advanced economies. It provides an empirical and theoretical account of the transformation, exploring the growth and nature of service employment as well as the evolution of a service class and the issue of social polarisation. The second volume explores the relationship between service activities and economic development as well as the relationship between producer services and manufacturing companies. It also provides an analysis of the growth of multinational service firms and examines the relationship between services, technological change and globalisation.Trade Review'The papers it contains make compelling reading on the problematic nature of defining service activities and occupations, and the difficulty of accounting for the growth in service employment given the evolution of the broader economic system of which services are a part and the heterogeneity of the sector itself. . . . The structure of the collection has been carefully thought through and coheres well. . . . brings together a set of important articles from a diverse range of journals, the scope of which is likely to be represented in only the largest of university libraries' holdings.' -- Niall Majury, Progress in Human GeographyTable of ContentsContents: Volume I: Introduction Part I: Towards the Service or Post-Industrial Society Part II: Theories of the Service Economy Part III: Service Employment Part IV: The Nature of Service Work Part V: Social Polarization and the Rise of the Service Class • Volume II: Introduction (as vol 1) Part I: Services and Economic Development Part II: Producer Services Part III: Multinational Service Firms Volume IV: Services, Technological Change and Globalization

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Book SynopsisThe major industrialized countries are undergoing a significant demographic transition associated with low fertility rates combined with reduced mortality rates. A major consequence of the current transition is that populations are expected to age substantially over the next forty years. This innovative book studies the effects of population ageing with the associated factor of immigration, on social expenditure and public finance.The authors begin by providing an introduction to some of the main issues concerning population ageing and migration. This is followed by a discussion of the demographic and economic aspects of the transition towards an older population which is taking place in the major industrialized countries. Within this framework the impacts of ageing on government budgets and the labour market are analysed. The book then turns to a discussion of some of the economic, social and demographic issues related to immigration. Particular emphasis is placed on the Australian economy, which provides an interesting case study in view of its high immigration levels, particularly over the last fifty years. The authors project population structure and social expenditure patterns under a variety of assumptions concerning the number and composition of immigrants. The quantitative techniques developed to produce these projections can be applied without modification to any other country. Population Ageing, Migration and Social Expenditure will be of use to academics and students with an interest in public finance, public policy and population studies.Trade Review'. . . the study has been useful for its exploration of the effect of decomposition and issues such as social expenditure and the ratio of social expenditure to GDP. The ideas for the research were commendable, the literature review with its examples from other countries was most revealing, and the economic skills of the authors were clearly evident.'Table of ContentsContents: Part I: Introduction Part II: Population Ageing and Migration Part III: Population Decomposition Part IV: Population and Expenditure Projections Index

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