Political economy Books

Book SynopsisThe Economics of Regional Policy presents an extensive overview of this important area of economics. It reprints the most important work by leading scholars in the field.After making the case in favour of regional policies, the book explores the topic of economic disparities between regions including divergent economic growth, the effects of regional migration and wages, and the persistence of disparities in unemployment. It then explores the different regional policy instruments that have been introduced in the United Kingdom and in the United States and Canada and examines their implications. A separate section is devoted to the particular case of the European Union. The final section offers an evaluation of regional policies and their effects on economic efficiency.This book makes an important contribution to the literature on regional policy and will be a valuable resource to students, academics and policymakers.Table of ContentsContents: Acknowledgements • Introduction Part I: The Case for Regional Policy 1. D.E. Pitfield (1978), ‘The Quest for an Effective Regional Policy, 1934-37’ 2. Colin Wren (1996), ‘Grant Equivalent Expenditure on Industrial Subsidies in the Post-War United Kingdom’ 3. L. Needleman and B. Scott (1964), ‘Regional Problems and Location of Industry Policy in Britain’ 4. Nicholas Kaldor (1970), ‘The Case for Regional Policies’ Part II: Regional Economic Disparitites A Convergent or Divergent Growth? 5. Xavier X. Sala-i-Martin (1996), ‘The Classical Approach to Convergence Analysis’ 6. Paul Cheshire and G. Carbonaro (1996), ‘Urban Economic Growth in Europe: Testing Theory and Policy Prescriptions’ 7. Paul Krugman and Anthony J. Venables, (1995), ‘Globalization and the Inequality of Nations’ B Factor Migration and Regional Disparities 8. Ian Molho (1986), ‘Theories of Migration: A Review’ 9. Christopher A. Pissarides and Ian McMaster (1990), ‘Regional Migration, Wages and Unemployment: Empirical Evidence and Implications for Policy’ 10. Tamim A. Bayoumi and Andrew K. Rose (1993), ‘Domestic Savings and Intra-National Capital Flows’ 11. Keith Head, John Ries and Deborah Swenson (1995), ‘Agglomeration Benefits and Location Choice: Evidence from Japanese Manufacturing Investments in the United States’ C The Persistence of Regional Disparities in Unemployment 12. Geraint Johnes and Thomas J. Hyclak (1995), ‘The Determinants of Real Wage Flexibility’ 13. Jörg Decressin and Antonio Fatás (1995), ‘Regional Labor Market Dynamics in Europe’ Part III: Regional Policy Instruments 14. Tamim Bayoumi and Paul R. Masson (1995), ‘Fiscal Flows in the United States and Canada: Lessons for Monetary Union in Europe’ 15. D.J. Storey and Steve Johnson (1987), ‘Regional Variations in Entrepreneurship in the U.K.’ 16. Joseph Friedman, Daniel A. Gerlowski and Johnathan Silberman (1992), ‘What Attracts Foreign Multinational Corporations? Evidence from Branch Plant Location in the United States’ Part IV: Regional Policy in the European Union 17. Michel Quévit (1992), ‘The Regional Impact of the Internal Market: A Comparative Analysis of Traditional Industrial Regions and Lagging Regions’ 18. Maurice F. Doyle (1989), ‘Regional Policy and European Economic Integration’ 19. Antonio Fatás (1997), ‘EMU: Countries or Regions? Lessons from the EMS Experience’ Part V: Evaluation of Regional Policy 20. Barry Moore and John Rhodes (1973), ‘Evaluating the Effects of British Regional Policy’ 21. Jim Twomey and Jim Taylor (1985), ‘Regional Policy and the Interregional Movement of Manufacturing Industry in Great Britain’ 22. Colin Wren and Michael Waterson (1991), ‘The Direct Employment Effects of Financial Assistance to Industry’ 23. Frank Harrigan, Peter G. McGregor and J.K. Swales (1996), ‘The System-wide Impact on the Recipient Region of a Regional Labour Subsidy’ 24. Kim Swales (1997), ‘A Cost-Benefit Approach to the Evaluation of Regional Selective Assistance’ 25. John A. Schofield (1976), ‘Economic Efficiency and Regional Policy’ Name Index

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Book SynopsisForeign capital has played a fundamental role in China's development and economic reconstruction during the past two decades. China is now the world's second largest host for foreign direct investment, outside the United States. This important new book, by a distinguished group of contributors, offers insights into the impact of foreign investment on China's growth and regional economic development. The book features: an examination of China's investment policy an analysis of the most recent industrial surveys case studies from selected regions applications of modern econometric techniques to data on foreign direct investment in China Foreign Direct Investment and Economic Growth in China will be of interest to those working in the areas of international business, finance and international economics as well as Asian development and Chinese economic studies.Trade Review'Foreign Direct Investment and Economic Growth in China is an edited compilation of nine papers (plus an introduction), most of which were presented in July 1997 at an international conference on the economics of Greater China. The papers will be of interest primarily to academic economists and policymakers. . .' -- Roger Strange, Asia Pacific Business Review'This edited book examines an important area of China's foreign economic relations - namely, the contribution foreign direct investment (FDI) has made to economic growth in China. . . . The book is a valuable addition to the literature on China's science and industry policies.' -- Cong Cao, The China Journal'The hallmark of the book is the analysis of Chinese national data using a variety of techniques . . . the book is attractively produced. Edward Elgar continues to provide a great service in publishing books on transition economies with good empirical work . . . contributing to our knowledge of what is happening in the 30 formerly centrally planned economies.' -- Richard Pomfret, Journal of Comparative EconomicsTable of ContentsContents: Preface 1. FDI and Economic Growth: An Introduction Part I: Foreign Direct Investment in the Chinese Economy 2. Foreign Investment Policy, Contribution and Performance 3. Foreign Capital Stock and its Determinants 4. The Performance of FDI Part II: Foreign Direct Investment, Trade and Economic Growth 5. The Impact of FDI and Trade 6. FDI, Trade and Transfer Pricing 7. Causality Between FDI and Economic Growth Part III: Foreign Direct Investment and Regional Economies 8. Changing Patterns of FDI in Shanghai 9. FDI and Industrial Restructuring in Xiamen 10. FDI and Economic Development in Guangdong Index

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Book SynopsisThere is now emerging across the world a group of scholars whose work crosses the conventional disciplinary boundaries in the social sciences. Their model combines the breadth of vision of the classical political economy with analytical advances of modern social science. This innovative two volume collection brings together the key papers that comprise the new political economy of globalisation, identifying a competing range of concepts and theories. It will prove an invaluable source of reference to students and researchers alike.Trade Review'No subject is of more relevance to the social sciences as a whole, and none has occasioned a wider range of divergence in approach, than that of globalisation. Globalisation is not just a process of importance in its own right but one which can test the pre-existing, bounded and national, limits of academic disciplines. The impact of this question has, however, too often been at the expense of precision. The contemporary debate on globalisation is in need, above all, of anchoring in conceptual and theoretical precision, in historical perspective, in facts. It is this challenge which the present collection admirably addresses: complementing analysis of change within the international economy with debate on the continued, if altered, role of the state, it at the same time explores changing patterns of governance and the possibilities that open, in an altered international situation, for new forms of actor and norms. Higgott and Payne have produced a collection that is stimulating, focused and original.' -- Fred Halliday, London School of Economics and Political Science, UKTable of ContentsContents: Volume I Acknowledgements Introduction Richard Higgott and Anthony Payne PART I CONCEPTS AND THEORIES 1. James N. Rosenau (1996), ‘The Dynamics of Globalization: Toward an Operational Formulation’ 2. Susan Strange (1994), ‘Wake Up, Krasner! The World Has Changed’ 3. Philip G. Cerny (1994), ‘The Dynamics of Financial Globalization: Technology, Market Structure, and Policy Response’ 4. Eric Helleiner (1995), ‘Explaining the Globalization of Financial Markets: Bringing States Back In’ 5. Robert Wade (1996), ‘Globalization and Its Limits: Reports of the Death of the National Economy are Greatly Exaggerated’ 6. John Zysman (1996), ‘The Myth of a “Global” Economy: Enduring National Foundations and Emerging Regional Realities’ 7. Jonathan Perraton, David Goldblatt, David Held and Anthony McGrew (1997), ‘The Globalisation of Economic Activity’ 8. John Gerard Ruggie (1995), ‘At Home Abroad, Abroad at Home: International Liberalisation and Domestic Stability in the New World Economy’ 9. Philip McMichael (1996), ‘Globalization: Myths and Realities’ 10. Robert W. Cox (1992), ‘Global Perestroika’ 11. Bob Jessop (1997), ‘Capitalism and its Future: Remarks on Regulation, Government and Governance’ PART II THE STATE 12. Louise Amoore, Richard Dodgson, Barry K. Gills, Paul Langley, Don Marshall and Iain Watson (1997), ‘Overturning “Globalisation”: Resisting the Teleological, Reclaiming the “Political’ 13. Susan Strange (1995), ‘The Defective State’ 14. Paul Hirst and Grahame Thompson (1995), ‘Globalization and the Future of the Nation State’ 15. Leo Panitch (1995), ‘Globalisation and the State’ 16. Jan Aart Scholte (1997), ‘Global Capitalism and the State’ 17. Peter Burnham (1999), ‘The Politics of Economic Management in the 1990s’ 18. Peter Evans (1997), ‘The Eclipse of the State? Reflections on Stateness in an Era of Globalization’ 19. Linda Weiss (1997), ‘Globalization and the Myth of the Powerless State’ 20. Geoffrey Garrett (1998), ‘Shrinking States? Globalization and National Autonomy in the OECD’ 21. Mark W. Zacher (1992), ‘The Decaying Pillars of the Westphalian Temple: Implications for International Order and Governance’ 22. David Armstrong (1998), ‘Globalization and the Social State’ 23. Michael Mann (1997), ‘Has Globalization Ended the Rise and Rise of the Nation-State?’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in volume I PART I NEW MODES OF GOVERNANCE 1. John Gerard Ruggie (1993), ‘Territoriality and Beyond: Problematizing Modernity in International Relations’ 2. James N. Rosenau (1995), ‘Governance in the Twenty-first Century’ 3. Paul Taylor (1999), ‘The United Nations in the 1990s: Proactive Cosmopolitanism and the Issue of Sovereignty’ 4. Robert Wade (1996), ‘Japan, the World Bank, and the Art of Paradigm Maintenance: The East Asian Miracle in Political Perspective’ 5. Jan Aart Scholte (2000), ‘“In the Foothills”: Relations between the IMF and Civil Society’ 6. Gary Marks, Liesbet Hooghe and Kermit Blank (1996), ‘European Integration from the 1980s: State-Centric v. Multi-level Governance’ 7. James Anderson and James Goodman (1995), ‘Regions, States and the European Union: Modernist Reaction or Postmodern Adaptation?’ 8. Saskia Sassen (1995), ‘The State and the Global City: Notes Towards a Conception of Place-Centered Governance’ 9. A. Claire Cutler (1995), ‘Global Capitalism and Liberal Myths: Dispute Settlement in Private International Trade Relations’ 10. Timothy J. Sinclair (1994), ‘Passing Judgement: Credit Rating Processes as Regulatory Mechanisms of Governance in the Emerging World Order’ 11. Ronnie D. Lipschutz (1997), ‘From Place to Planet: Local Knowledge and Global Environmental Governance’ 12. Anne-Marie Slaughter (1997), ‘The Real New World Order’ PART II NEW ACTORS, NORMS AND ISSUES 13. Lorraine Eden (1991), ‘Bringing the Firm Back In: Multinationals in International Political Economy’ 14. John H. Dunning, ‘An Overview of Relations with National Governments’, Leslie Sklair, ‘TNCs As Political Actors’ and Andrew Walter, ‘Do They Really Rule the World?’ in Ankie Hoogvelt et al (1988), ‘Debate: Transnational Corporations’ 15. Louis W. Pauly and Simon Reich (1997), ‘National Structures and Multinational Corporate Behavior: Enduring Differences in the Age of Globalization’ 16. Jessica T. Mathews (1997), ‘Power Shift’ 17. Leon Gordenker and Thomas G. Weiss (1995), ‘NGO Participation in the International Policy Process’ 18. Cecelia Lynch (1998), ‘Social Movements and the Problem of Globalization’ 19. Robert W. Cox (1999), ‘Civil Society at the Turn of the Millennium: Prospects for an Alternative World Order’ 20. Richard Falk (1998), ‘Global Civil Society: Perspectives, Initiatives, Movements’ 21. Kathryn Sikkink (1993), ‘Human Rights, Principled Issue-Networks, and Sovereignty in Latin America’ 22. Andrew Hurrell and Ngaire Woods (1995), ‘Globalisation and Inequality’ 23. David Held and Anthony McGrew (1998), ‘The End of the Old Order? Globalization and the Prospects for World Order’ 24. Richard Devetak and Richard Higgott (1999), ‘Justice Unbound? Globalization, States and the Transformation of the Social Bond’ Name Index

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Book SynopsisThis book analyses the main problems in the functioning of the welfare state and possible actions for its reform. Focusing on the European Union, it looks at the achievements of and challenges to the welfare state as we enter the 21st century.The authors consider the general problem of redistribution and how to make it more efficient, by reducing huge benefits and tax disincentives that individuals encounter in different life periods or life choices. In addition, they analyse issues such as: economic effects of the welfare state mechanisms for improving incentives in the welfare state implications of Economic and Monetary Union for the welfare state options in pension funding impact of ageing on the pensions systems in the European Union< detailed projections of social expenditure The Welfare State in Europe will be essential reading for those working in the areas of public administration and finance, European studies, social policy, economics and political science. In its provision of policy suggestions it will also be welcomed by policymakers and government advisers.Trade Review'This book is essential reading for those working in the areas of public administration and finance, European studies, social policy, economics and political science. In its provision of policy suggestions it will also be welcomed by policymakers and government advisors.' -- European AccessTable of ContentsContents: Part I: Overview 1. Reconciling the Welfare State with Sound Public Finances and High Employment Part II: The Economic Effects of the Welfare State: Two Views 2. The Economics of the Welfare State: An Incomplete Debate 3. Welfare State Dynamics Part III: Improving Incentives in the Welfare State 4. Social Insurance Based on Personal Savings Accounts: A Possible Reform Strategy for Overburdened Welfare States? 5. Expanding the Welfare System: A Proposal for Reform Part IV: Pension Reforms 6. On Economic Benefits and Fiscal Requirements of Moving from Unfunded to Funded Pensions 7. Retirement Income Financing Reform – A General Issues Paper Part V: A Case Study 8. Reform of the Social Security System in France: Challenges and Prospects Part VI: Demography and the Welfare State 9. Ageing and Fiscal Policies in the European Union Index

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Book SynopsisAt the beginning of the 1990's the first encouraging results on GDP growth combined with the fulfilment of international requirements led many to believe that Albania was a 'shining star' in Central and Eastern Europe. But in 1997 this progress was reversed by unprecedented institutional, political and social turmoil leading to a spiral of violence and chaos.This book presents, for the first time, a comprehensive analysis of the different factors behind the 1997 political, economic and social upheaval in Albania. It shows that the crisis was both predictable and complex, and not simply a matter of a disgruntled population attempting to regain their money. Using extensive and detailed evidence Daniel Vaughan-Whitehead identifies the major reasons for the growing discontent and final explosion: - the increase in unemployment, collapse of industrial production, inefficiency of the banking system, limitations and drawbacks of foreign investment, failure of mass privatization, falling living standards, and rising poverty. He examines the consequences of the crisis at the enterprise level, by region, sector, industry and property form using a unique survey of over 1,000 enterprises. In conclusion he offers a series of policy recommendations with a view to regenerating production whilst avoiding a new social explosion in a destroyed economy, weakened by political instability and the conflict in Kosovo.This unique book will be essential reading for all academics working in the area of transition as well as policymakers from international organizations involved in transition economies.Trade Review'. . . a comprehensive and timely overview of one of the least known and least understood of the transition economies, Albania . . . the book is an excellent overview of events in Albania during the past decade. It assembles an impressive range of data and other information about Albania and presents in a very accessible manner. The surveys, in particular, provide a wealth of useful information and can be very helpful in shaping future policies. The author presents the main arguments in a very clear and cogent manner . . . I hope and expect that this valuable book will do much to stimulate further debate and research about Albania.' -- Peter Sanfey, Journal of Comparative Economics'This book provides an analysis of economic developments in Albania since 1990, with particular emphasis on the political, economic, and social collapse of 1997. It is, on the whole, an excellent, thoroughly researched book . . . this is far and away the finest book on the Albanian economy in the 1990s to have appeared thus far.' -- Adi Schnytzer, Slavic Review'Albania in Crisis will be of great interest not only to those international organizations and experts working on the reconstruction of Albania, but also to other policymakers in the region, and to anybody with a professional, academic or general interest in the "transition".' -- Elizabeth Goodson, International Labour Review'One of the most comprehensive economic analyses on Albania. Based on personal experience, Daniel Vaughan-Whitehead's book is an excellent alternative approach to the Albanian 1997 crisis explanation. It represents a deep insight into the social problems of a poor but still promising country. Surveys and the enormous work with data are a great help in designing sustainable policies for recovery and growth . . . it will be an excellent addition to the scarce literature on Albania.' -- Marta Muco, Bank of Albania, Albania'During the early 1990s the Albanian economic performance was often lauded as one of the success stories on the path to systematic transformation and its policies as worthy of emulation by other countries in transition. The astonishing reversal in economic fortunes that followed and the accompanying social conflicts have led some to question that optimism and the general relevance of orthodox prescriptions. But this book - which is informed by extensive field work and findings from a large enterprise-level data set - is the first to provide a critical, comprehensive account and analysis of the Albanian experience. The volume - and especially its provocative findings - will be of considerable interest to social scientists and policymakers who are interested in promoting sustainable reform in former communist countries.' -- Derek C. Jones, James L. Ferguson Professor of Economics, Hamilton College, US'This is a riveting, first-hand, unique account of the spectacular rise and fall of the Albanian economy in transition. From a good observation point (ILO) and on the strength of a large scale enquiry into over 1,000 enterprises over three years, Daniel Vaughan-Whitehead helps us understand the 1997 reversal and crisis, which was not just unleashed by the banking pyramid's collapse but was predictably rooted in the fragility of earlier achievements and their large-scale social costs. The book is of very great value not only to country specialists but to anybody with a professional, academic or general interest in the "transition".' -- D. Mario Nuti, University of Rome 'La Sapienza' , Italy and London Business School, UKTable of ContentsContents: Preface Part I: Assessment: The Reasons for the Crisis 1. The Apparent Rapid Success of the Balkan Tiger 2. The Profound Crisis in Industry 3. Difficulties in Emerging Services 4. The Missing Pillar: The Inadequacy of the Banking System 5. The Unemployment Shock 6. Impoverishment Wages and Incomes 7. The Avoidance of Social Dialogue and Participation 8. The Failure of the Mass Privatisation Programme 9. Limitations and Drawbacks of Foreign Capital 10. The Collapse of the Albanian Pyramid Part II: Prospects: Albania after the Storm 11. The Extent of the Destruction 12. A Halt to Economic Activity 13. Macroeconomic Indicators Moving Backwards 14. The Social Abyss 15. Reviving Production Forces 16. Reviving Life Forces Bibliography Index

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Book SynopsisThis new edition covers each of the current issues concerning the development of the EU - for example, enlargement, EMU, security and defence policy, the Treaty of Nice, the European Charter of Fundamental Rights, Justice and Home Affairs and relations with countries outside Europe. Jargon-free and accessible, this substantial textbook opens with an introduction to the historical and theoretical perspectives on European integration. The book then examines the EUs institutional machinery and policy processes. The final section provides a wide-ranging review of the main EU policies, seeking to enhance understanding of the main issues and controversies surrounding development of the EU.Intended for students undertaking courses in European integration and as a supplementary book for other courses, this textbook is useful for anyone seeking a concise yet authoritative introduction to the institutions and policies of the EU. Robert Jones has drawn on his wide teaching experience to produce a text which students will find both accessible and stimulating.Trade Review'Robert Jones' teaching experience. . . is reflected in this book which offers undergraduate students a concise yet accessible introduction to the European Union.' -- European AccessAcclaim for the first edition:'Jones has provided us with a clear and detailed book that represents an excellent first choice for those wishing to learn about and understand integration.' -- Political Geography'Jones manages to get a great deal into his 300 pages. . . The writing style is clear and concise, and complex questions like neofunctionalism and intergovernmentalism are rescued from the tortuous overtheorizing so often found in the field and presented simply as competing explanations. . . for a concise overview of the field, this book can be recommended highly.' -- Journal of European Integration/Revue d'integration Europeenne'This is an excellent basic introduction to the politics and economics of the European Union.' -- - Dennis Swann, Loughborough University, UK'This extensive and concise textbook is certain to become a staple and valuable reference source - particularly given its well organised bibliographical section - for students of European integration and those wishing to gain a detailed insight into the complexities of the present-day EU.' -- Adrian Reilly, Local Government Studies'Written in a direct accessible style, the book aims to provide students with an up-to-date introductory text to the European Union.' -- European AccessAcclaim for the second edition:'This is a superb and comprehensive textbook on the EU, an ideal introduction. It is a huge improvement on the first edition, which was already an outstanding text. Congratulations to Robert Jones and the publisher.' -- Simon Sweeney, York St John College, UKTable of ContentsContents: Part I: Perspectives on the European Union’s Development 1. The Origins and Development of the European Union 2. Theoretical Perspectives 3. The Treaty on European Union 4. The Treaties of Amsterdam and Nice Part II: Institutions, Policy Processes and the Budget 5. Institutions and Policy Processes 6. The Budget Part III: The Policies of the European Union 7. The Common Agricultural and Fisheries Policies 8. Regional Policy 9. Social Policy 10. Strategies for Economic Regeneration: From the Single Market to ‘e-Europe’ 11. Economic and Monetary Union 12. Competition, Industrial and Research and Technological Development Policies 13. Trans-European Networks 14. Environmental Policy 15. A ‘People’s Europe’ 16. Justice and Home Affairs Policy 17. The EU in the Global Economy 18. Development Policy 19. The Common Foreign and Security Policy 20. The Enlargement of the EU Bibliography and Internet Sources Index

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Book SynopsisThe Political Economy of Integration in the European Union has gained a well-deserved reputation as the key textbook in the area of European studies, economics and politics. This new and fully revised edition comprehensively surveys recent changes - such as the deepening and widening of European integration through eastward expansion and the Maastricht and Amsterdam Treaties - whilst continuing to offer a thorough overview of integration.The core material has been revised to ensure the best possible grounding in the political economy of the EU. Jeffrey Harrop presents an accessible account of European integration, including: free trade, the customs union and the internal market agriculture and fisheries industrial and technological policies regional and social problems and policies monetary integration fiscal policy: taxation and the EU budget world-wide trading links an in-depth discussion of EU enlargement, including the proposed integration of Central and East European countries an assessment of energy, transport and environment policies an overall view of the progress and possible future of the European Union. The book has been widely adopted for both specialist courses in economics as well as interdisciplinary courses in European studies. Teachers who are already using the book or who would like to consider it are invited to send for a 60-day examination copy of the third edition.Trade Review'This volume provides a useful account of European integration, including free trade, the customs union and internal market, agriculture and fisheries, industry and technology, regional and social problems, monetary integration, taxation, and the EU budget.' -- Aslib Book Guide'This updated edition continues to be a useful introductory resource for courses in European studies.' -- G.T. Potter, ChoiceAcclaim for the first edition:'This is a concise and clearly written account of the main areas of Community policy and as such provides a readable introduction to the European Community.' -- Dennis Swann, The Economic Journal'. . . this book provides a concise account of the progress towards economic integration in the European Community and will give its readers a real understanding of the issues and principles which underlie the various sectors of economic integration.' -- J. Lynne Evans, EconomicsTable of ContentsContents: Preface to the Third Edition Introduction 1. Organizational Stepping Stones 2. The Structure and Operation of EU Institutions 3. Free Trade, the Customs Union and Internal Market 4. Agriculture and Fisheries 5. Industrial and Technological Policies 6. Energy, Transport and Environmental Policy 7. Regional and Social Problems and Policies 8. Monetary Integration 9. Fiscal Policy: Taxation and the EU Budget 10. World-wide Trading Links 11. Enlargement and Integration 12. Prospect and Retrospect Bibliography Index

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Book SynopsisSince the demise of communism, Russia has become increasingly disparate. Some regions have grown in strength while others have been less successful. This book examines regional patterns of economic change in Russia by addressing questions such as: Is Russia a single economic area? Why are regional economic inequalities increasing? Are there significant regional differences in the economic regime? What influence do leaders have in their own regions, and on federal economic policies? To what extent do central policymakers affect regional outcomes? How are Russian regions affected by their new openness to foreign trade and investment? Based on research carried out by an international and interdisciplinary group of experts, this book analyses case studies from eight regions as well as testing hypotheses on data for the 77 main administrative regions. It will be of immense value to academics, those working for government and non-government agencies, and business people.Trade Review'Members of the geographic community and the broader community of scholars and policymakers interested in economic transition will find this volume useful. . . . worthwhile for both regional specialists and those more generally interested in economic transition.' -- Beth Mitchneck, The Professional Geographer'Overall, the book is very well written. Its analyses are based upon a broad range of research techniques, but the findings are stated simply; the researchers delve into the vastness of multi-dimensional problems, yet the conclusions are succinct; the language is lucid and the style is polished. It is actually quite amazing how neatly this enormous wealth of information fits in a ten-chapter volume. I enjoyed reading it, and I know many others will too. The book is remarkable in many aspects and has a lot to offer to the inquisitive reader.' -- Nani Boyce, Papers in Regional ScienceTable of ContentsContents: 1. Introduction 2. Russia’s Regions in the ‘Triple Transition’ 3. Regional Dynamics of Economic Restructuring Across Russia 4. Demographic Responses to Regional Economic Change 5. Federal Government Responses to Regional Economic Change 6. St Petersburg and Kostroma 7. Samara and Krasnodar 8. Irkutsk and Sakhalin 9. Kaliningrad and Primorskiy Kray 10. Conclusions References Index

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Book SynopsisRichard Musgrave is one of the most eminent public finance economists of our time. In this third volume of essays, Professor Musgrave once more takes a broad view of fiscal institutions, their nature and functions. Traditions of fiscal theory and their impact on the author's work are discussed and their linkage to theories of the state and of distributive justice are examined. Selected topics include: the foundations of public finance, equity in taxation, tax reform, federalism and budget growth.Public Finance in a Democratic Society will be of interest to scholars and students of public finance, political economy and public policy.Trade Review'Richard Musgrave is arguably the leading public finance scholar of his generation. This book is a testament to his outstanding contribution to his discipline. Its 28 chapters reproduce selected conference papers, journal articles, essays, and commentaries by Musgrave that have been published over his long and distinguished career. . . The smooth prose and compelling content of the chapters are imbued throughout with Musgrave's deep and passionate commitment to the institutions of the liberal welfare state.' -- Tim Edgar, Canadian Tax JournalTable of ContentsContents: Preface Part I: Foundations 1. The Role of the State in Fiscal Theory 2. Crossing Traditions 3. Public Finance and Finanzwissenschaft Traditions Compared 4. Combining and Separating Fiscal Choices: Wicksell’s Model at its Centennial 5. Social Science, Ethics, and the Role of the Public Sector 6. Tableau Fiscale 7. Merit Goods Part II: Equity in Taxation 8. Public Finance and Distributive Justice 9. The Nature of Horizontal Equity and the Principle of Broad-Based Taxation: A Friendly Critique 10. Social Contract, Taxation and the Standing of Deadweight Loss 11. Horizontal Equity, Once More 12. Horizontal Equity: A Further Note 13. Tax Equity with Multiple Jurisdictions (with Peggy B. Musgrave) 14. Pigou on Taxation Part III: Multiple Jurisdictions 15. Federalism, Grants and Fiscal Equalization (with Peter Mieszkowski) 16. Who Should Tax, Where and What? 17. Inter-nation Equity (with Peggy B. Musgrave) 18. Devolution, Grants and Fiscal Competition Part IV: Budget Growth 19. When is the Public Sector too Large? 20. Excess Bias and the Nature of Budget Growth 21. Fiscal Churning (with Peggy B. Musgrave) 22. Fiscal Functions of the Public Sector 23. Reconsidering the Fiscal Role of Government 24. The Longer View 25. Comments on James M. Buchanan ‘The Fiscal Crisis in Welfare Democracies’ Part V: Tax Reform 26. Clarifying Tax Reform 27. Tax Reform in Developing Countries 28. Micro and Macro Aspects of Fiscal Policy Index

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Book SynopsisThe Political Economy of Integration in the European Union has gained a well-deserved reputation as the key textbook in the area of European studies, economics and politics. This new and fully revised edition comprehensively surveys recent changes - such as the deepening and widening of European integration through eastward expansion and the Maastricht and Amsterdam Treaties - whilst continuing to offer a thorough overview of integration.The core material has been revised to ensure the best possible grounding in the political economy of the EU. Jeffrey Harrop presents an accessible account of European integration, including: free trade, the customs union and the internal market agriculture and fisheries industrial and technological policies regional and social problems and policies monetary integration fiscal policy: taxation and the EU budget world-wide trading links an in-depth discussion of EU enlargement, including the proposed integration of Central and East European countries an assessment of energy, transport and environment policies an overall view of the progress and possible future of the European Union. The book has been widely adopted for both specialist courses in economics as well as interdisciplinary courses in European studies. Teachers who are already using the book or who would like to consider it are invited to send for a 60-day examination copy of the third edition.Trade Review'This volume provides a useful account of European integration, including free trade, the customs union and internal market, agriculture and fisheries, industry and technology, regional and social problems, monetary integration, taxation, and the EU budget.' -- Aslib Book Guide'This updated edition continues to be a useful introductory resource for courses in European studies.' -- G.T. Potter, ChoiceAcclaim for the first edition:'This is a concise and clearly written account of the main areas of Community policy and as such provides a readable introduction to the European Community.' -- Dennis Swann, The Economic Journal'. . . this book provides a concise account of the progress towards economic integration in the European Community and will give its readers a real understanding of the issues and principles which underlie the various sectors of economic integration.' -- J. Lynne Evans, EconomicsTable of ContentsContents: Preface to the Third Edition Introduction 1. Organizational Stepping Stones 2. The Structure and Operation of EU Institutions 3. Free Trade, the Customs Union and Internal Market 4. Agriculture and Fisheries 5. Industrial and Technological Policies 6. Energy, Transport and Environmental Policy 7. Regional and Social Problems and Policies 8. Monetary Integration 9. Fiscal Policy: Taxation and the EU Budget 10. World-wide Trading Links 11. Enlargement and Integration 12. Prospect and Retrospect Bibliography Index

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Book SynopsisTen years after the collapse of communism in Poland, the debate continues over the impact of the transition to a market economy. Whilst few actually say the socialist system could - or should - have been preserved, the path of change has been far from smooth, and has produced both winners and losers in the race to reform.This book assesses the prevailing attitudes of both support and disenchantment among Poles towards transition, in the light of their own experiences. In particular Janice Bell uses statistical indicators on economic well-being, regional voting results and public opinion survey data to analyse the socio-economic influences on patterns of voting behaviour, and finds unemployment to be a crucial denominator.Groundbreaking in its perspective, this study will appeal to all those concerned with the social implications of reform programmes in former communist countries.Trade Review'The book presents us with a wide panorama of socioeconomic changes that have occurred in Poland since the 1989 turning point together with a penetrating insight into their causes and what impact they have had on political life . . . Bell's handling of statistical data and rich material she discovers make her analyses thorough, reliable, and accurate. It also should be noted that a great merit of the book is that the author does not limit herself to mere numbers. She makes attempts at interesting interpretations, so that the reader is not at a loss for an appropriate understanding of processes that are under way here. Bell knows that numbers only manifest some social forces but do not explain them. It is a sociologist's job to do that. And, in this respect, the book fits well into the list of studies that could be called guidelines into the period of transition.' -- Jan Klos, Journal of Markets & Morality'This book is a well-researched analysis of the political economy of postcommunist Poland, covering voting patterns from the presidential and parliamentary elections between 1990 and 1997. It relies on a sophisticated quantitative methodology that successfully combines a great deal of public opinion data and regression analysis of statistical data . . . an insightful and stimulating book that provides enriching reading on an important aspect of Poland's postcommunist experience.' -- Harald Wydra, Slavic Review'I learned more from this book about the impact of the economic and social costs of reforms on politics than from any other published either in English or Polish. It is an objective book, offering both empirical evidence and analysis. It should be recommended to anybody interested in the political economy of post-communist transition.' -- Tomasz Mickiewicz, University College London, UKTable of ContentsContents: Introduction: Assessing Poland’s Political and Economic Transition 1. Winners, Losers, and Why it Matters for Politics 2. Public Views on the Costs and Benefits of Transition 3. Income, Unemployment and Voting in Poland 4. Regions 5. Households During Transition 6. Winners, Losers and Party Preferences Appendices Bibliography Index

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Book SynopsisRegulatory regimes appear wherever market economies exist and whenever there is competition for limited resources. However, the rationale of public regulation of markets, as well as the mechanisms that characterise regulatory regimes, is not well understood. The State, Regulation and the Economy illustrates how economic theory, whether positive or normative, is not convincing in explaining the complex interactions between the state and the market. Instead, the book examines regulation and state intervention from an institutional and historical perspective. Utilising empirical evidence from Scandinavia and the US, the authors argue that the form and content of state interventionism is strongly influenced by historical and path dependent factors, and go on to propose an approach which illuminates the role of specific historical events in forming regulatory policy. Various aspects of regulation are discussed with reference to infrastructure and network industries, one of the few areas in the economy where the role of the state has changed dramatically during the past two decades. The authors believe that the fast changing attitudes and policies towards regulation might be better understood by applying a longer time horizon combined with analysis based on new institutional economics.Scholars of economics, business administration, economic history and political science, as well as those wishing to gain a greater insight into the historical dimension of regulation, will find this an original and valuable book.Trade Review'. . . this book is a collection of well written, very interesting and informative essays that should be valuable to scholars and professional practitioners in the fields of economic history and political science.' -- Fredrik Wilander, Scandinavian Economic History Review'This collection of papers provides important and refreshing context to today's issues, reminding us that the debate over effective regulation is not new and that today's regulations have historical roots . . . Overall, The State, Regulation and the Economy provides a thoughtful collection of papers that give good historical context to contemporary regulatory issues. It reminds us that today's regulations have historical roots that not only help explain why regulations look the way they do, but also that the historical evolution of regulation can help us understand issues facing regulatory policy today.' -- Scott Wallsten, The Journal of Economic History'Occasionally . . . studies come along that take seriously the charge that historians perform genuinely historical studies, in which early events can endure and have lasting impacts on future outcomes (so-called path dependence). The State Regulation and the Economy is an ambitious foray into this area . . . The State, Regulation and the Economy is an excellent volume which I very much enjoyed reading. It is a productive collaboration of practitioners of different disciplines, and provides much useful information and interpretation of the long-term regulatory experiences of two quite different economies. The editors are to be commended for attempting to fill an important gap in the literature on comparative institutional change.' -- Mark Kanazawa, EH.NetTable of ContentsContents: 1. Private Actors, Policy Regulation and the Role of History: An Introduction Part I: General Aspects of Regulation and Institution Decision Making 2. Information Distortion by Politicians and Constituent Groups in Promoting Regulatory Transfers 3. Bursting Through State Limits 4. Origins of the Myth of Neo-Liberalism 5. Taxation, Redistribution and Regulation 6. The Role of Path Dependence in the History of Regulation Part II: Sweden as a Role Model of a Regulated Economy 7. Introduction 8. Compensating the Periphery 9. The State and Regulatory Orders in Early European Civil Aviation 10. Liberalization and Control 11. From Informal Practice to Formal Policy Bibliography 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 Synopsis'Capitalism is Change'. This famous expression of Joseph Schumpeter was not only characteristic of his time, but is certainly relevant as we enter the twenty-first century. The transition of Eastern Europe and the former Soviet Union, the Asian crisis and European integration all characterise the continuous change of capitalism. What is the role of entrepreneurs in capitalist society? How effective are technological policies in changing institutions? Are the economic systems of the United States, Europe and Asia converging? In answer to these questions distinguished contributors - including Paul Krugman - focus on the theoretical foundations of the evolution of capitalist institutions. They apply these theoretical insights to the firm, sectors and economic systems.The combination of recent developments in theory with empirical studies will ensure that this book is essential reading for all those interested in evolutionary and institutional economics, political economy, technology policy, innovation and knowledge.Trade Review'This book is an important contribution to the growing literature on evolutionary economics, concentrating, as it does, on the human factor in economic evolution and avoiding the unconvincing arguments based almost entirely on mere analogy with biological processes of much of the writing in this field.' -- John Laurent, History of Economics ReviewTable of ContentsContents: 1. Implications of Evolutionary Economics; Theory, Method and Policies 2. What Economists Can Learn from Evolutionary Theorists – and Vice Versa 3. Discontinuous Changes in Institutional Systems 4. The Legacy of J.R. Commons’ Conception of Economics as a Science of Behaviour 5. Discovery Versus Creation 6. Uncertainty, Intelligence and Imagination 7. The Diffusion of Organisational Innovations 8. The Variety and the Dynamics of Capitalism 9. Understanding Varieties in the Structure and Performance of National Innovation Systems 10. Capabilities, Tacit Knowledge and Systematic Change 11. An Evolutionary Analysis of Technology Policy Index

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Book SynopsisThis book aims to extend the current research and debate in constitutional economics by using a positive economics approach. Born out of discontent with the current state in constitutional economics, this book presents an inquiry in the possibilities of a positive constitutional economics, and how societies choose their constitutional rules.Drawing on economics, the book examines the emergence of constitutions and how and why they change over time. The author proposes that model constitutions are based on, and backed by institutions which have developed spontaneously. He presents some predictions on the scope of constitutional change under various constitutional settings and factors which cause constitutional change. Stefan Voigt concludes that constitutional change is reconceptualized as the outcome of a bargaining game, in which changes reflect the altered bargaining power of the actors.This book will be welcomed by academics working in the fields of political economy, law and economics as well as those from the public choice and new institutional schools of thought.Table of ContentsContents: Preface 1. A New Research Program Emerges: Constitutional Economics 2. Two Competing Approaches to Constitutional Economics – A Comparison of Buchanan and Hayek 3. The Possibility of Positive Constitutional Economics 4. Positive Constitutional Economics – A Survey 5. Breaking with the Notion of Social Contract: Constitutions as Based on Spontaneously Arisen Institutions 6. Bargaining for Constitutional Change – Towards an Economic Theory of Constitutional Change 7. Implicit Constitutional Change – Changing the Meaning of the Constitution without Changing the Text of the Document 8. Constitutional Competition – Foreign Factors Causing Constitutional Change? 9. Outlook: Connecting Positive Constitutional Economics with the Theory of Economic Policy References Index

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Book SynopsisThe past two decades have seen a process of almost continuous reform in public management in developed countries and a renegotiation of traditional relationships between state, economy and society. These changes have been expressed through privatization, civil service reductions and restructuring, the introduction of market-type mechanisms to improve the delivery of public services, the construction of new forms of partnership between state and non-state organizations, and new types of regulation and accountability. In turn, these public management reforms have, in a variety of ways, been transferred to the state systems of developing and transitional economies. The Internationalization of Public Management constitutes one of the first attempts to examine the conceptual and practical problems which attend such policy transfers, and to make preliminary judgements about the successes and failures of public management reform in developing countries. The distinguished group of contributors offers instructive insights into the complex reality of the development state.Both academics and postgraduate students within the areas of politics and governance, public sector management and development studies will find this book essential reading. Practitioners in these fields, especially within aid agencies and research institutions, will also find the book contains valuable lessons and conclusions.Table of ContentsContents: Preface 1. The Internationalization of New Public Management 2. Should Flawed Models of Public Management be Exported? Issues and Practices 3. Administrative Reform in Core Civil Services: Application and Applicability of the New Public Management 4. New Public Management and Development: The Case of Public Service Reform in Tanzania and Uganda 5. Local Government: Management or Politics? 6. The NPM Agenda for Service Delivery: A Suitable Model for Developing Countries? 7. Reinventing the Third World State: Service Delivery and the Civic Realm 8. Privatization and Regulation in Developing Countries 9. Human Resource Management and New Public Management: Two Sides of a Coin that has a Low Value in Developing Countries? 10. Information Systems and Public Sector Reform in the Third World 11. Moving the Public Management Debate Forward: A Contingency Approach Index

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Book SynopsisThe Foundations of Pension Finance presents in two authoritative volumes a selection of the most important published articles on systems of retirement income provision - an area that is of vital importance for the future of the economy in general and the financial system in particular.The collection makes a very important contribution towards a better understanding of the various factors which influence the outcomes arising from systems of retirement income provision. The fields of pension finance and pension economics are fortunate in having benefited from penetrating contributions from a range of distinguished scholars.The volumes are divided into five sections. The first section features material relevant to the role of pensions in the broad overall development of financing arrangements in the context of the economy as a whole. The second focuses more closely on pension provision in the context of capital markets. The third looks at pensions as they affect the economic behaviour of the personal sector, while the fourth is a companion piece examining the link between pensions and corporate finance. The final section examines important issues in pension reform facing government.This book will be essential reading for economists concerned with pensions and the problems of old age, financial economists as well as practitioners involved in the pension industry.Trade Review'Many of the papers reproduced in these volumes were first published in journals that are relatively inaccessible, so that this is a valuable reference collection for researchers and policymakers.' -- Sandeep Kapur, The Economic Journal'The book will be an essential reference source for students, researchers and policymakers.' -- Aslib Book GuideTable of ContentsContents: Volume I: Acknowledgements • Introduction Part I The Financial System and Retirement Income Provision 1. Paul A. Samuelson (1958), ‘An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money’ 2. Henry Aaron (1966), ‘The Social Insurance Paradox’ 3. P.A. Diamond (1977), ‘A Framework for Social Security Analysis’ 4. Robert C. Merton (1983), ‘On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable’ 5. Robert C. Merton (1983), ‘On Consumption Indexed Public Pension Plans’ 6. James E. Pesando (1992), ‘The Economic Effects of Private Pensions’ 7. Zvi Bodie and Robert C. Merton (1993), ‘Pension Benefit Guarantees in the United States: A Functional Analysis’ 8. Deborah Roseveare, Willi Leibfritz, Douglas Fore and Eckhard Wurzel (1996), ‘Ageing Populations, Pension Systems and Government Budgets: Simulation for 20 OECD Countries’ Part II Pension Investments and the Capital Markets 9. Zvi Bodie (1990), ‘Managing Pension and Retirement Assets: An International Perspective’ 10. Josef Lakonishok, Andrei Shleifer and Robert W. Vishny (1992), ‘The Structure and Performance of the Money Management Industry’ 11. Jean Frijns and Carel Petersen (1992), ‘Financing, Administration and Portfolio Management: How Secure is the Pension Promise?’ 12. T. Daniel Coggin, Frank J. Fabozzi and Shafiqur Rahman (1993), ‘The Investment Performance of U.S. Equity Pension Fund Managers: An Empirical Investigation’ 13. David Blake (1998), ‘Pension Schemes as Options on Pension Fund Assets: Implications for Pension Fund Management’ 14. E. Philip Davis (1996), ‘The Role of Institutional Investors in the Evolution of Financial Structure and Behaviour’ 15. Robert A.G. Monks (1997), ‘Corporate Governance and Pension Plans’ 16. Helmut Reisen and John Williamson (1997), ‘Pension Funds, Capital Controls, and Macroeconomic Stability’ 17. Zvi Bodie (1996), ‘What the Pension Benefit Guaranty Corporation Can Learn from the Federal Savings and Loan Insurance Corporation’ Name Index Volume II: Part I Pensions and the Household Sector 1. Martin Feldstein (1978), ‘Do Private Pensions Increase National Savings?’ 2. Benjamin M. Friedman and Mark Warshawsky (1988), ‘Annuity Prices and Savings Behavior in the United States’ 3. Louis-David L. Dicks-Mireaux and Mervyn A. King (1983), ‘Portfolio Composition and Pension Wealth: An Econometric Study’ 4. Zvi Bodie (1990), ‘Pensions as Retirement Income Insurance’ 5. Alicia H. Munnell and Frederick O. Yohn (1992), ‘What is the Impact of Pensions on Saving?’ 6. Zvi Bodie and Dwight B. Crane (1997), ‘Personal Investing: Advice, Theory, and Evidence’ 7. Eric M. Engen and William G. Gale (1997), ‘Effects of Social Security Reform on Private and National Saving’ 8. Z. Bodie and Dwight B. Crane (1999), ‘The Design and Production of New Retirement Saving Products’ Part II Pensions and Corporate Finance 9. Jack L. Treynor (1977), ‘The Principles of Corporate Pension Finance’ 10. William F. Sharpe (1976), ‘Corporate Pension Funding Policy’ 11. Jeremy I. Bulow (1982), ‘What Are Corporate Pension Liabilities?’ 12. J. Michael Harrison and William F. Sharpe (1983), ‘Optimal Funding and Asset Allocation Rules for Defined-Benefit Pension Plans’ 13. Zvi Bodie, Jay O. Light, Randall Morck and Robert A. Taggart, Jr. (1985), ‘Corporate Pension Policy: An Empirical Investigation’ 14. Zvi Bodie (1990), ‘The ABO, the PBO and Pension Investment Policy’ 15. Ping-Lung Hsin and Olivia S. Mitchell (1997), ‘Public Pension Plan Efficiency’ 16. E. Philip Davis (1998), ‘Regulation of Pension Fund Assets’ 17. E. Philip Davis (1998), ‘Pensions in the Corporate Sector’ Part III Pension Reform Issues 18. Dimitri Vittas (1993), ‘Swiss Chilanpore: The Way Forward for Pension Reform?’ 19. Estelle James and Dimitri Vittas (1996), ‘Mandatory Saving Schemes: Are They an Answer to the Old Age Security Problem?’ 20. Laurence J. Kotlikoff (1997), ‘Privatization of Social Security: How It Works and Why It Matters’ 21. Robert Holzmann (1997), ‘Pension Reform, Financial Market Development, and Growth: Preliminary Evidence from Chile’ 22. Olivia S. Mitchell (1997), ‘Building an Environment for Pension Reform in Developing Countries’ 23. E. Philip Davis (1998), ‘Policy and Implementation Issues in Reforming Pension Systems’ 24. Salvador Valdés-Prieto (1998), ‘The Private Sector in Social Security: Latin American Lessons for APEC’ 25. Zvi Bodie and Robert C. Merton (1992), ‘Pension Reform and Privatization in International Perspective: The Case of Israel’ Name Index

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Book SynopsisTrade liberalization has had a major impact on the world economy. As nations continue to engage in preferential trade and with the launching of the first World Trade Organization multilateral round, the need to understand the consequences of trade liberalization has never been greater.Economic Integration and International Trade is a collection of the most important articles on international economic integration. The volume brings an innovative approach to the literature by using a methodology from the theory of tariffs and reform, rather than the conventional trade diversion and creation taxonomy, to select, organize, and unify contributions from almost fifty years of research. Topics include: the welfare consequences from integration, customs unions versus free trade areas, using international income transfers to facilitate trade liberalization, and the effects of integration on economic growth.Economic Integration and International Trade makes an important literature accessible to policymakers and business strategists, and to students, researchers, and teachers of economics, international business, political science and international relations.Table of ContentsContents: Acknowledgements • Introduction Part I: Trade Diversion and Creation, and the General Theory of Second Best 1. Jacob Viner (1950), ‘The Economics of Customs Unions’ 2. Richard G. Lipsey and Kelvin Lancaster (1997), ‘The General Theory of Second Best’ 3. Franz Gehrels (1956-57), ‘Customs Union from a Single-Country Viewpoint’ Part II: Preliminaries A Tariff Changes and Welfare 4. Ronald W. Jones (1969), ‘Tariffs and Trade in General Equilibrium: Comment’ 5. Michihiro Ohyama (1972), ‘Trade and Welfare in General Equilibrium’ B Optimum Tariffs and Retaliation 6. J. de V. Graaf (1949-50), ‘On Optimum Tariff Structures’ 7. Harry G. Johnson (1953-54), ‘Optimum Tariffs and Retaliation’ 8. Eric W. Bond (1990), ‘The Optimal Tariff Structure in Higher Dimensions’ 9. Daniel Gros (1987), ‘A Note on the Optimal Tariff, Retaliation and the Welfare Loss from Tariff Wars in a Framework with Intra-Industry Trade’ C Tariff Reform 10. Tatsuo Hatta (1977), ‘A Theory of Piecemeal Policy Recommendations’ Part III: Results on Integration and Welfare A Integration and National Welfare 11. Richard G. Lipsey (1970), ‘Inter-Commodity Substitution with Constant Real Prices: 2 The Graham Demand Case’ 12. Raymond Riezman (1979), ‘A 3x3 Model of Customs Unions’ 13. Paul Wonnacott and Ronald Wonnacott (1981), ‘Is Unilateral Tariff Reduction Preferable to a Customs Union? The Curious Case of the Missing Foreign Tariffs’ 14. Carsten Kowalczyk (1993), ‘Integration in Goods and Factors: The Role of Flows and Revenue’ B Integration and Union Welfare 15. John McMillan and Ewen McCann (1981), ‘Welfare Effects in Customs Unions’ 16. Konstantine Gatsios and Larry Karp (1991), ‘Delegation Games in Customs Unions’ C Integration and World Welfare 17. Tatsuo Hatta and Takashi Fukushima (1979), ‘The Welfare Effect of Tariff Rate Reductions in a Many Country World’ 18. Carsten Kowalczyk (1992), ‘Paradoxes in Integration Theory’ 19. Murray C. Kemp and Henry Y. Wan, Jr. (1976), ‘An Elementary Proposition Concerning the Formation of Customs Unions’ 20. Paul Krugman (1991), ‘The Move Toward Free Trade Zones’ 21. Alan V. Deardorff and Robert M. Stern (1994), ‘Multilateral Trade Negotiations and Preferential Trading Arrangements’ 22. Eric W. Bond and Constantinos Syropoulos (1996), ‘The Size of Trading Blocs: Market Power and World Welfare Effects’ Part IV: Other Results A Customs Unions versus Free Trade Areas 23. John Kennan and Raymond Riezman (1990), ‘Optimal Tariff Equilibria With Customs Unions’ 24. Martin Richardson (1995), ‘Tariff Revenue Competition in a Free Trade Area’ B Integration and Sidepayments 25. Earl L. Grinols (1981), ‘An Extension of the Kemp-Wan Theorem on the Formation of Customs Unions’ 26. Carsten Kowalczyk and Tomas Sjöström (1994), ‘Bringing GATT into the Core’ C Integration and Growth 27. Richard E. Baldwin (1992), ‘Measurable Dynamic Gains from Trade’ 28. Joy Mazumdar (1996), ‘Do Static Gains from Trade Lead to Medium-Run Growth?’ 29. Gene M. Grossman and Elhanan Helpman (1990), ‘Comparative Advantage and Long-Run Growth’ 30. Luis A. Rivera-Batiz and Paul M. Romer (1991), ‘Economic Integration and Endogenous Growth’ Name Index

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Book SynopsisEconomics can be inspiring - often taking a stand against convention, achieving challenging results, discussing unorthodox viewpoints and suggesting new policies.Bruno S. Frey illustrates what he perceives to be the inspirational quality of economics and how this differs from the type of economics studied in many academic institutions. He introduces insights into economics from a psychological perspective, dealing with issues such as transformation of anomalies, identification in democracy and crowding effects, and focuses on intrinsic motivation and how it is undermined.Inspiring Economics also looks at the integration of economics and politics, covering topics including popular initiatives and referenda, authoritarian nations and foreign aid, and the way in which the cost of war is reflected on the capital market.This groundbreaking empirical study of human motivation and behaviour will be a fascinating read for those interested in economics and economic theory.Trade Review'I highly recommend this book to all economists. It is well written, informative and a pleasure to read. The first chapter, in particular, 'Inspiring, Dismal or Boring Economics?' should be made required reading for all graduate students in economics, and even more so for their professors, especially at leading universities in the United States.' -- Yew-Kwang Ng, Journal of Economic Literature'Instead of ignoring the challenge to rational behaviour posed by several "anomalies" in behaviour, or abandoning rationality in the face of this challenge, Bruno Frey's Inspiring Economics provides a valuable extension of rational behaviour to incorporate these anomalies. This is an exhilarating study that I strongly recommend to everyone, including those like myself, who believe that the importance of these anomalies are sometimes exaggerated.' -- Gary S. Becker, Stanford University, US'Bruno Frey is one of a number of modern economists who believe (as I do) that economics should be importing rather than exporting ideas from elsewhere in the social sciences. In these sparkling essays, he shows that rational choice theory is enriched and sometimes revised by taking account of non-monetary rewards and incentives. With Frey, economics once again becomes an inspiring behavioural science.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Preface Part I: On Economics 1. Inspiring, Dismal or Boring Economics? 2. From Economic Imperialism to Social Science Inspiration Part II: Integrating Psychology 3. Economic Incentives Transform Psychological Anomalies with Reiner Eichenberger 4. Marriage Paradoxes with Reiner Eichenberger 5. From the Price to the Crowding Effect 6. The Old Lady Visits your Backyard: A Tale of Morals and Markets with Felix Oberholzer-Gee and Reiner Eichenberger 7. Motivation, Knowledge Transfer and Organizational Forms with Margit Osterloh Part III: Political Economy 8. Identification in Democratic Society with Iris Bohnet 9. Popular Referenda and Institutional Reform 10. What are the Sources of Happiness? with Alois Stutzer 11. FOCJ: Competitive Governments for Europe with Reiner Eichenberger 12. The Political Economy of Stabilization Programmes in Developing Countries with Reiner Eichenberger 13. Bond Values and World War II Events with Marcel Kucher References Index

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Book SynopsisThis highly topical book focuses on a particularly interesting area of post-1989 social policy. Existing public pension systems in Central-Eastern Europe underwent fundamental change as Latin-American style pension reforms were adopted. Such radical change in retirement provision defied conventional wisdom among scholars of the political economy of pension reform, suggesting a need for fresh research. This unique study accepts the challenge, focusing on the divergent pension reform experiences of Poland, Hungary and the Czech Republic.This study was granted the EACES Award 2000, a bi-annual prize awarded in the area of comparative economic systems and economics of transition.It has also been awarded the Ed. A. Hewett Prize by the AAASS (American Association for the Advancement of Slavic Studies).Trade Review'This book provides a nice introduction to the process of reforming pension systems. Muller offers a brief but neat summary of the main policy choices, the reasons why reforms should be undertaken, and the main differences between the reform approaches of political scientists and economists. The book offers accessible and timely material on an interesting subject. Pension reform is a new topic, and research is often only presented in specialized journals and World Bank publications, so this work will be welcomed by students of transition. In addition, it will be useful to policymakers and government officials in countries that are only now thinking about making changes to their pensions schemes.' -- Zdenek Drabek, Slavic Review'This book deals with an important topic, its analysis is reliable, and it obtains interesting results. Muller combines politology and economic theory with empirical data and observations. She has spent a good deal of time studying these countries and their institutions and she has interviewed a lot of experts. Furthermore, the book is very well written and thus it is a pleasure to read . . . To sum up, Muller's book has to be read by anybody who is interested in pension systems and pension reforms, and especially in the ex-socialist settings.' -- A. Simonovits, Acta Oeconomica'Muller's book is an exemplary study of the policy process, showing the interaction between the logic of politics and the logic of economics. Through a sophisticated understanding of the political economy of the individual countries she shows how and why they respond to a common challenge in different ways. The book is particularly refreshing in that it shows the power of comparative analysis. In the past, specialists on the Soviet Union and Eastern Europe have been faulted for their lack of comparative focus; yet here is a work that analyzes one to the most important and thorny social issues of the early twenty-first century - how to create a pension system that meets the needs of an ageing population with severe budget constraints - in a broad range of countries. The book's appearance is most timely, as the countries of the former Soviet Union are also now debating how to restructure their pension systems. They have a great deal to learn from the careful analysis of the East-Central European experience that is to be found in Muller's book.' -- Ed. A. Hewett Prize by the AAASS (American Association for the Advancement of Slavic Studies)'This book presents a fine and original comparative institutional analysis of pension reform in three Central-Eastern European countries: Hungary, Poland and the Czech Republic. This analysis is introduced by an examination of alternative models of design choices and policy blueprints, that is based on both theoretical insights and the experience of Western Europe and Latin America. Particularly interesting and convincing is the presentation of the role of Welfare Ministries and Finance Ministries in pension reform proposals and action and the role of budget deficits in determining the relative weight of the two constituencies.' -- Bruno Dallago, European Association for Comparative Economic Studies and University of Trento, Italy'I consider Ms Muller's study a most valuable and original contribution to the literature. Although pension reform is discussed all over the world presently, no comprehensive analysis for the transition countries is available. Ms Muller's study fills this gap . . . the presentation is concise and readable.' -- Hans Jurgen Wagener, European University Viadrina, Frankfurt (Oder), GermanyTable of ContentsContents: 1. Introduction 2. Reforming Old-Age Security: Design Choices and Policy Blueprints 3. Approaching the Political Economy of Pension Reform 4. Pension Reform in Hungary 5. Pension Reform in Poland 6. Pension Reform in the Czech Republic 7. Central–Eastern European Pension Reforms in a Comparative Perspective 8. Conclusions: The Political Economy of Pension Reform in Central–Eastern Europe References Index

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Book SynopsisIn this book, Achim Korber carefully examines the influence of environmental policy on trade policy. He explores environmental protectionism and models it using public choice theory.The author focuses on: a theoretical analysis of ecological protectionism and the potential misuse of environmental regulation as a tool to gain competitive advantage a comprehensive case study on the tuna-dolphin cases of the GATT/WTO. The study reveals that the US legislation was not - as it was widely perceived - a victory for the environmentalists but for the billion dollar industry of the US tuna canneries an in-depth literature survey on various approaches to protectionism including an analysis of lobbying models including the contest-success function. The Political Economy of Environmental Protectionism, with its wealth of new material, will be of great interest to environmental, political, and trade economists as well as policymakers and researchers.Trade Review'Korber's book is valuable reading for those interested in public choice aspects of trade and environmental policy.' -- Axel Michaelowa, Climate PolicyTable of ContentsContents: Preface 1. Introduction 2. Explaining Trade Protectionism and the ‘Greening’ of Trade Policy Instruments 3. The Political Process: Lobbying Functions 4. Raising Rivals’ Costs with Environmental Policy – A Lobbying Approach 5. The Political Economy of the US Dolphin-safe Legislation Policy 6. Concluding Remarks Bibliography Index

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Book SynopsisAs Southeast and Northeast Asia recover from the Asian crisis and return to a state of growth, the authors of this book assess the lessons to be learned from the crisis to achieve sustainable development in the future. While the importance of each factor contributing to the crisis varies from country to country, their collective experience has created unprecedented turmoil in current thinking on development policy.The authors argue that the major schools of thought need paradigm changes in the wake of the crisis. Those who believe that a 'strong state' or system of semi-democracy is essential for economic growth have been disproved by the sudden collapse of these economies. These countries must now adapt to the fact that society must be open to ideas and democratise its polity to achieve innovation-driven sustainable development. Those who used the success of East Asian economies as a vindication of the neo-classical orthodoxy, referred to as the 'Washington consensus', must now see the follies of progressive withdrawal of the government from the economic sphere and of unfettered flows of short-term capital.This book offers a timely and reflective analysis of the Asian financial crisis and brings together a detailed overview of the different and often competing responses within the countries of the region. It will be welcomed by students and scholars with an interest in Asian economics, development studies, international political economy, and international relations.Trade Review'The volume is certainly interesting and well-informed and would make a valuable addition to reading lists for courses on East Asian economic development.' -- Anne Booth, Asia Pacific Business ReviewTable of ContentsContents: 1. Introduction 2. Beyond the Crisis 3. Revitalizing the Japanese Economy 4. Paradigm Shift in Korean Economic Policy in the Wake of the 1997 Financial Crisis 5. Beyond Thailand’s Crisis 6. Indonesia 7. Malaysia’s Recovery from the Burst Bubble 8. The East Asian Crisis 9. Singapore in the Aftermath of the Asian Crisis 10. Weathering the Asian Financial Crisis 11. Why Financial Crisis May Come to China But Not Taiwan 12. Marketization, Democracy and Economic Growth in China 13. The IMF and the New International Financial Architecture

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Book SynopsisDuring the 1990s the gambling industry transformed its image by referring to itself as the 'gaming industry'. While critics of the industry scoffed at this transformation as merely a meaningless name change, it has had profound effects on the business and public policies that face the newly transformed gaming industry.The book is divided into three parts. The first part focuses on the historical and cultural forces that have shaped the new gaming industry. Emphasis is placed on the two types of games (agon - games of skill, and alea - games of chance). It is shown that the types of games a society embraces have a significant impact on whether gambling is permitted to enter the mainstream of the entertainment industry.The second part of the book analyzes how each segment (pari-mutuel betting, lotteries and casinos) competes in the new industry. The political and social implications of gaming are the focus of the final part, which concludes with a series of recommendations that will enable the industry, public policy officials and anti-gambling activists to construct policies that mitigate some of the problems associated with gambling.The book will be of particular interest to students, practitioners and scholars in public policy. It will also be pertinent to readers in economics, political science and business.Table of ContentsContents: Preface Part I: From Gambling to Gaming 1. A Brief History of US Gambling 2. From Gambling to Gaming: What’s in a Name Part II: The Economics of the Gaming Industry 3. The Segments of the Casino Industry: From Gambling Den to Mega-Resort 4. The States’ Favorite Form of Gaming: Lotteries and the Various Strategies for Conducting Lotteries 5. Pari-Mutuel Betting: A Distant Third Part III: The Political and Social Environment for the Gaming Industry 6. A Social and Political Model for the Gambling Industry 7. Gambling and Warning Labels: A New Danger for the Gambling Industry 8. Gambling: Where We Are and Where We Might Go Bibliography Index

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Book SynopsisThe allocation of subsidies is often regarded as a fundamental role of governments in order to realise and maintain benefits to society. The possibility that public subsidies could actually be counterproductive contradicts common perception. The authors of this challenging book present recent evidence which, in their view, suggests that subsidies may in fact turn out to be a contemporary plague. Public Subsidies and Policy Failures provides extensive analysis of the theory and political economy of public support policies, demonstrating how subsidies can harm the environment, distort trade, and benefit those in society who do not require support. Furthermore, they often fail to achieve the desired and expected goals. The authors employ a theoretical framework to illustrate the impact of subsidies on developed and developing economies, as well as on international trade. They examine public subsidies in various natural resource and industrial sectors and discover that many turn out to be policy failures. They also investigate the various barriers and lock-in mechanisms by which subsidies become entrenched in economic and political structures. The book goes on to propose concrete actions, policy strategies and international 'Grand Deals' which will engender effective subsidy reforms.Scholars, researchers and students will welcome this rigorous investigation into the political and economic costs and benefits of public subsidies. International trade organisations and policymakers will also benefit from the strategic emphasis.Trade Review'This book offers an intelligent contribution for those who want to understand the effects of subsidies in the world economy. It is particularly important because of its focus on the adverse effects on natural resources and the environment. The effort to develop a theoretical and rigorous analytical framework is an excellent addition to the subject of economic theory. The authors make a noteworthy effort to measure and classify subsidies in such a manner that readers could have a better visualization of the size and distribution of subsidies among different sectors of the world economy.' -- Alexandre Rivas, Southern Economic Journal'This is an enormously significant book. Cees van Beers and Andre de Moor have not only identified the main obstacles but also suggested new pathways to the key public policy reforms needed to move toward a more prosperous, equitable and sustainable future. Their work is superb, marked by insight, innovation, rigor of analyses, and strength of argument.' -- From the foreword by Jim MacNeill, World Bank Inspection Panel'This book highlights one of the most productive things environmental groups, economists and policy officials could do for society: form a partnership to push for cuts to subsidies that simultaneously damage the economy and the environment. The authors have made that task easier for those groups by providing a comprehensive and yet very readable analysis of the issue. They provide an assessment of the overall extent of subsidies to different sectors in rich and poor countries, including a wide range of case studies. This is a 'must buy' for people seriously interested in finding ways to improve the environment that contribute to rather than deplete national treasuries and development prospects.' -- Kym Anderson, University of Adelaide, AustraliaTable of ContentsContents: Preface Foreword by Jim MacNeill 1. Public Subsidies and Government Policy 2. An Economic Analysis of Public Subsidies and Policy Failures 3. The Costs and Impacts of Public Subsidies 4. Addiction to Subsidies 5. Subsidy Reform Policies and Strategies 6. Summary and Conclusions References Index

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Book SynopsisKnowledge is a product of human social systems and, therefore, the foundations of the knowledge-based economy are social and cultural. Communication is central to knowledge creation and diffusion, and Public Policy in Knowledge-Based Economies highlights specific social and cultural conditions that can enhance the communication, use and creation of knowledge in a society. The purpose of this book is to illustrate how these social and cultural conditions are identified and analysed through new conceptual frameworks. Such frameworks are necessary to penetrate the surface features of knowledge-based economies - science and technology - and disclose what drives such economies. The authors employ a trans-disciplinary approach to explore the nature of knowledge systems or environments and examine questions regarding the measurement of knowledge. Lessons are drawn from a variety of perspectives, including the history of information policy, philosophy, economic history, sociology, psychology, information economics, complex systems theory, organisational knowledge theory and political science.This book will provide policymakers, analysts and academics with the fundamental tools needed for the development of policy in this little understood and emerging area.Trade Review'. . . these authors have articulated what it is that needs to be done for a more equitable knowledge-based economy. This is a worthwhile achievement, and governments would do well to read and contemplate.' -- Bernard McKenna, Prometheus'The style is refreshing; the authors cut through a great deal of the nonsense written in recent times about "knowledge management"; and take the ball away from the IT crowd and try to give it to the social thinkers.' -- Donald M. Lamberton, Australian National UniversityTable of ContentsContents: Preface Introduction 1. What is Knowledge? 2. Defining the Knowledge Economy 3. The Global Context of the Knowledge Economy 4. Complexity and Changing Knowledge Systems 5. Micro Contexts: Decisionmaking and Risk 6. Foundations for Knowledge-Related Policy 7. Beyond Information Policy 8. Knowledge Policies and the Role of Government in the 21st Century 9. Epilogue References Index

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Book SynopsisThis three-volume set collects key previously published articles in the field of development economics, covering alternative approaches and going beyond the boundaries of economics narrowly defined. Some of the included papers are classic contributions, some are authoritative survey articles and others are interesting new contributions. The collection covers such topics as: underdevelopment, growth and income distribution; resources in development; sectoral issues; open economy issues; and economic policies and institutions. The final section offers appraisals of the present state and future evolution of development economics.Trade Review'This collection of readings makes a great contribution to our appreciation of development economics. . .' -- Desmond McNeill, The European Journal of Development ResearchTable of ContentsContents: Volume I Acknowledgements Introduction Amitava Krishna Dutt PART I INTRODUCTION A Empirics of Development 1. Hollis B. Chenery and Lance Taylor (1968), ‘Development Patterns: Among Countries and Over Time’ 2. Jonathan Temple (1999), ‘The New Growth Evidence’ 3. Charles I. Jones (1997), ‘On the Evolution of the World Income Distribution’ B Development in Historical Perspective 4. Andre Gunder Frank (1966), ‘The Development of Underdevelopment’ 5. Alexander Gerschenkron (1952/1962), ‘Economic Backwardness in Historical Perspective’ 6. W.W. Rostow (1956), ‘The Take-Off Into Self-Sustained Growth’ PART II UNDERDEVELOPMENT AND DEVELOPMENT A Low-Level Traps and the Big Push 7. P.N. Rosenstein-Rodan (1943), ‘Problems of Industrialisation of Eastern and South-Eastern Europe’ 8. Ragnar Nurkse (1952/1955), ‘The Size of the Market and the Inducement to Invest’ and ‘Population and Capital Supply’ 9. Tibor Scitovsky (1954), ‘Two Concepts of External Economies’ 10. Albert O. Hirschman (1958/1988), ‘Balanced Growth: A Critique’ and ‘Unbalanced Growth: An Espousal’ 11. Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny (1989), ‘Industrialization and the Big Push’ B Theories of Growth 12. W. Arthur Lewis (1972), ‘Reflections on Unlimited Labor’ 13. Michal Kalecki (1963/1993), ‘Problems of Financing Economic Development in a Mixed Economy’ 14. P.C. Mahalanobis (1953), ‘Some Observations on the Process of Growth of National Income’ 15. Stephen A. Marglin (1984), ‘Growth, Distribution, and Inflation: A Centennial Synthesis’ 16. Amitava Krishna Dutt (1984), ‘Stagnation, Income Distribution and Monopoly Power’ 17. Howard Pack (1994), ‘Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings’ 18. Ronald I. McKinnon (1964), ‘Foreign Exchange Constraints in Economic Development and Efficient Aid Allocation’ 19. Jaime Ros (1994), ‘Foreign Exchange and Fiscal Constraints on Growth: A Reconsideration of Structuralist and Macroeconomic Approaches’ C Poverty, Inequality and Development 20. Montek S. Ahluwalia (1976), ‘Inequality, Poverty, and Development’ 21. Frances Stewart and Paul Streeten (1976), ‘New Strategies for Development: Poverty, Income Distribution and Growth’ 22. Amartya Sen (1981), ‘Ingredients of Famine Analysis: Availability and Entitlements’ 23. Partha Dasgupta and Debraj Ray (1986), ‘Inequality as a Determinant of Malnutrition and Unemployment: Theory’ 24. Abhijit V. Banerjee and Andrew F. Newman (1994), ‘Poverty, Incentives and Development’ Name Index Volume II: Acknowledgements An introduction by the editor to all three volumes appears in volume I PART I RESOURCES IN DEVELOPMENT A Labor and Human Resources 1. Partha Dasgupta (1995), ‘The Population Problem: Theory and Evidence’ 2. Nancy Birdsall, David Ross and Richard Sabot (1997), ‘Education, Growth and Inequality’ 3. Jagdish Bhagwati (1973), ‘Education, Class Structure and Income Equality’ 4. John R. Harris and Michael P. Todaro (1970), ‘Migration, Unemployment and Development: A Two-Sector Analysis’ 5. Diane Elson (1995), ‘Male Bias in Macro-Economics: The Case of Structural Adjustment’ 6. Kaushik Basu and Pham Hoang Van (1998), ‘The Economics of Child Labor’ B Capital Accumulation 7. Klaus Schmidt-Hebbel, Luis Servén and Andrés Solimano (1996), ‘Saving, Investment, and Growth in Developing Countries: An Overview’ 8. John G. Gurley and E.S. Shaw (1967), ‘Financial Structure and Economic Development’ 9. Sweder van Wijnbergen (1983), ‘Credit Policy, Inflation and Growth in a Financially Repressed Economy’ 10. Timothy Besley (1995), ‘Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries’ 11. Carlos Diaz-Alejandro (1985), ‘Good-Bye Financial Repression, Hello Financial Crash’ C The Environment 12. Thomas Reardon and Stephen A. Vosti (1995), ‘Links Between Rural Poverty and the Environment in Developing Countries: Asset Categories and Investment Poverty’ 13. Irma Adelman, Habib Fetini and Elise Hardy Golan (1997), ‘Development Strategies and the Environment’ PART II SECTORAL ISSUES IN DEVELOPMENT A Agriculture 14. Amartya K. Sen (1966), ‘Peasants and Dualism With or Without Surplus Labor’ 15. P.K. Bardhan and T.N. Srinivasan (1971), ‘Cropsharing Tenancy in Agriculture: A Theoretical and Empirical Analysis’ 16. Amit Bhaduri (1973), ‘A Study in Agricultural Backwardness Under Semi-Feudalism’ 17. J. Mohan Rao (1986), ‘Agriculture in Recent Development Theory’ 18. Joseph E. Stiglitz (1986), ‘The New Development Economics’ 19. Alain de Janvry and Elisabeth Sadoulet (1989), ‘A Study in Resistance to Institutional Change: The Lost Game of Latin American Land Reform’ B Industry 20. Nicholas Kaldor (1966/1989), ‘Causes of the Slow Rate of Economic Growth in the United Kingdom’ 21. Harvey Leibenstein (1977), ‘X-Efficiency Theory, Conventional Entrepreneurship, and Excess Capacity Creation in LDCs’ 22. Frances Stewart (1974), ‘Technology and Employment in LDCs’ 23. Martin Bell and Keith Pavitt (1993), ‘Accumulating Technological Capability in Developing Countries’ 24. Dipak Mazumdar (1976), ‘The Urban Informal Sector’ Name Index Volume III: Acknowledgements An introduction by the editor to all three volumes appears in volume I PART I OPEN ECONOMY ISSUES IN DEVELOPMENT A Trade 1. Raúl Prebisch (1959), ‘Commercial Policy in the Underdeveloped Countries’ 2. Graciela Chichilnisky (1981), ‘Terms of Trade and Domestic Distribution: Export-Led Growth with Abundant Labour’ 3. Anne O. Krueger (1980), ‘Trade Policy as an Input to Development’ 4. Gershon Feder (1982), ‘On Exports and Economic Growth’ 5. Sebastian Edwards (1993), ‘Openness, Trade Liberalization, and Growth in Developing Countries’ B International Factor Movements 6. Sanjaya Lall (1978), ‘Transnationals, Domestic Enterprises, and Industrial Structure in Host LDCs: A Survey’ 7. Thomas E. Weisskopf (1972), ‘The Impact of Foreign Capital Inflow on Domestic Savings in Underdeveloped Countries’ 8. Jagdish N. Bhagwati (1979), ‘International Factor Movements and National Advantage’ C North-South Issues 9. H.W. Singer (1950), ‘The Distribution of Gains between Investing and Borrowing Countries’ 10. Gunnar Myrdal (1957), ‘The Drift towards Regional Economic Inequalities in a Country’ and ‘ International Inequalities’ 11. Theotonio Dos Santos (1970), ‘The Structure of Dependence’ 12. Ronald Findlay (1980), ‘The Terms of Trade and Equilibrium Growth in the World Economy’ 13. Paul Krugman (1981), ‘Trade, Accumulation, and Uneven Development’ 14. John Spraos (1980), ‘The Statistical Debate on the Net Barter Terms of Trade Between Primary Commodities and Manufactures’ PART II ECONOMIC POLICIES AND INSTITUTIONS A Inflation and Stabilization 15. Osvaldo Sunkel (1960), ‘Inflation in Chile: An Unorthodox Approach’ 16. Dudley Seers (1962), ‘A Theory of Inflation and Growth in Under-Developed Economies Based on the Experience of Latin America’ 17. Lance Taylor (1987), ‘Macro Policy in the Tropics: How Sensible People Stand’ B The State, Markets and Development 18. Tony Killick (1976), ‘The Possibilities of Development Planning’ 19. Helen Shapiro and Lance Taylor (1990), ‘The State and Industrial Strategy’ 20. Alice H. Amsden (1991), ‘Diffusion of Development: The Late-Industrializing Model and Greater East Asia’ 21. Michael Lipton (1993), ‘Urban Bias: Of Consequences, Classes and Causality’ 22. Peter B. Evans (1989), ‘Predatory, Developmental, and Other Apparatuses: A Comparative Political Economy Perspective on the Third World State’ 23. Avner Greif (1997), ‘Contracting, Enforcement, and Efficiency: Economics Beyond the Law’ 24. Pranab Bardhan (1997), ‘Corruption and Development: A Review of Issues’ PART III CONCLUSION 25. Albert O. Hirschman (1981), ‘The Rise and Decline of Development Economics’ 26. Amartya Sen (1983), ‘Development: Which Way Now?’ 27. Pranab Bardhan (1993), ‘Economics of Development and the Development of Economics’ Name Index

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Book SynopsisThis volume of new, original essays reflects the lifelong concerns and writings of the person they honor, Professor Howard Sherman. Sherman wrote on a wide range of topics - the causes of recessions, depressions and mass unemployment under capitalism; the difficulties and challenges of establishing viable democratic planning systems under socialism; the down-to-earth realities of economic life in the United States, the Soviet Union and elsewhere; and the theoretical traditions he drew upon to inform these empirical studies, i.e. Keynesianism, institutionalism and, most especially, Marxism. The contributors follow in Sherman's tradition through their careful analysis of topics such as the long-term trends in contemporary global capitalism; the relationship between Marxism and institutionalism; debates over the usefulness of class analysis; the political economy of financial liberalization; lessons from the demise of socialism in the Soviet Union and China; and the possibilities for advancing a workable egalitarian economic agenda.This book demonstrates the continued vibrancy and relevance of radical political economy as a mode of social scientific analysis. Scholars and students in economics, sociology, history, philosophy and political science will find the essays thought-provoking and informative.Trade Review'The diversity of subject matter and high quality of these essays make this book, capably organized and edited by Robert Pollin, a fitting tribute to the career of Howard Sherman. Readers interested in sampling current radical economic thinking on the issues . . . would be well advised to read it.' -- James Crotty, Journal of Economic LiteratureTable of ContentsContents: Introduction Part I: Howard Sherman and the Contemporary State of Radical Political Economy Part II: Marxism and Institutionalism Part III: Class Analysis, Individual Choice, and Economic Theory Part IV: Political Economy of US Capitalism Part V: Political Economy of Socialism Index

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Book SynopsisThe European political landscape is one of constant flux and it is this alternating integration and disintegration which influences the basic conditions in which political power is exercised. This book argues that the interests of the cities and regions of Europe are increasingly influenced by European supranational institutions rather than the nation state and that governance in Europe is shifting to a regional and local level.This shift of influence implies potential for economic development and new political strategies, but also poses a serious threat to national identity and the traditional sovereignty of the state. Focusing on processes of internationalisation and regionalisation, the book discerns fascinating peculiarities in the Nordic response to a radically changing environment. The authors take a comparative approach to four Nordic countries and examine the efforts involved at local and regional level to safeguard interests. Their analysis and conclusions make fascinating reading for students and scholars of government and public policy and for civil servants and policymakers across Europe.Trade Review'. . . this book fills a gap in the existing literature. . . The book can be recommended to anybody interested in understanding local and regional development in the Nordic area and how it relates to international processes, most notably European integration. It focuses on the first half of the 1990s, which might be considered a formative stage in the international orientation of Nordic regions. As such, it gives a valuable background to the emergence of sub-national government bodies in the international arena, which is bound to be an increasingly important issue in the future, not least bearing in mind the coming eastward enlargement of the EU.' -- Bo Svensson, Regional and Federal Studies'Although this book is likely to attract a specialist readership, since it deals with local and regional levels of government in four Nordic countries, it also contributes to a general analysis of sub-national and international identities. The authors provide clear conceptual frameworks for discussing the challenges to protecting and developing autonomy at sub-national level. Issues relating to decentralisation of decision-making within the context of the European Union are well presented.' -- Aslib Book Guide'. . . the strength of this book lies in its treatment of the relationship between "regionalisation" concepts and internationalisation (or Europeanisation to be more accurate). The authors are excellent in their coverage of how local and regional governments have adapted their procedures to take account of the impact of such trends as European integration, and the usage of Putnam/multi-level governance is particularly useful . . . the book is a significant contribution and first-class.' -- Lee Miles, University of Hull, UKTable of ContentsContents: Preface 1. Introduction Part I: Regionalisation, Territoriality and Change 2. Nordic Politics Viewed in a Changing Territorial Perspective Part II: The West Nordic Territories 3. Conflict and Harmony in the Internationalisation of Danish Local Governments 4. The Europeanisation of Local Interests in Denmark 5. Internationalisation on the Local Level in Norway Part III: The East Nordic Territories 6. Swedish Municipalities and the European Union 7. Regionalisation in Sweden 8. Finnish Regions and Municipalities in a Nordic Setting Part IV: The Nordic Puzzle 9. East Meets West 10. Nordic Bifurcation in Post-Wall Europe References Index

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Book SynopsisThe East Asian crisis has sparked debate regarding the future of emerging markets and the globalization of world capital markets. This book, with contributions by leading economists and political scientists, provides an up-to-date assessment of the causes and consequences of the crisis and the policy lessons drawn from it. In contrast to much of the existing literature, the volume presents the view that the crisis and its aftermath were not simply the result of purely economic and financial phenomena but also the reflection of some fundamental institutional, historical and political forces. The collection begins with a comparative and historical analysis of the crisis, placing it in the context of other financial and debt crises. This is followed by a discussion of the domestic, political and economic factors behind the events, delineating the differences and similarities among affected countries. The contributors also examine how global political forces influenced the unfolding crisis in various countries. Using the latest data, top experts present the current economic situation in East Asia, the contagion effects in the rest of the world, and the role played by international institutions such as the IMF. Finally, the volume provides a roundtable debate on the policy alternatives confronting emerging markets and the world monetary system in the aftermath of the crisis.Students, professional economists in academia and the private sector, scholars and students in finance, Asian studies specialists, and political scientists will all find this collection insightful and informative.Table of ContentsContents: Preface Part I: The Crisis in Comparative and Historical Perspective Part II: Causes and Consequences of the Crisis Part III: The International Political Economy of the Crisis Part IV: Roundtable Discussion Index

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Book SynopsisThis insightful book examines the necessary conditions for the successful initiation and consolidation of unpopular economic reforms. Drawing on the burgeoning literature in the area of policy reform, it features a comparative analysis of fiscal reform in Hungary, Poland and the Czech Republic at different stages of the post-communist transformation. This analysis demonstrates that a significant number of the national differences in fiscal reform can be attributed to differences in political constraints. It also reveals that these very constraints change in the course of transformation and have become increasingly similar to the 'standard' restrictions which exist in the traditional EU and OECD countries.This in-depth analysis of the changing role of political determinants in post-communist fiscal reform will strongly appeal to economists and political scientists interested in the political economy of policy reform, post-communist economic transformation and the role of international organizations (IMF, EU) in shaping domestic policy-making. Policy analysts interested in fiscal reform in Hungary, Poland and the Czech Republic will also find much to interest them in this book.Trade Review'Frank Bonker has done a masterful job. . . This is probably the best book available on this important subject. And its significance is not limited to studies of postcommunist societies. It has important theoretical implications for everyone interested in the Political Economy of Policy Reform perspective within the field of comparative political economy.' -- John L. Campbell, Slavic Review'I read Frank Bonker's book with interest. The book is well documented, balanced, and interesting. The book is overall quite informative and detailed. The comparative approach is convincing and the author demonstrates a deep and detailed knowledge of the three countries and the subject. He also convincingly demonstrates that the topic has an importance that goes beyond the cases analyzed.' -- Bruno Dallago, President, European Association for Comparative Economic Studies and University of Trento, Italy'This is a very well organised and clearly written book with convincing arguments and analysis throughout. Its largely jargon-free style makes it accessible to the non-specialist and provides for a thorough and easily read piece of work. As well as being of interest to researchers specialising in this topic, the book should be usable by undergraduate as well as postgraduate students.' -- Martin Dangerfield, University of Wolverhampton, UKTable of ContentsContents: 1. Introduction: Fiscal Reform, Post-communist Transformation and the Political Economy of Policy Reform 2. The Political Economy of Fiscal Reform in the OECD Countries and the Developing Countries 3. Agenda and Context of Post-communist Fiscal Reform 4. Getting Started: The Initiation of Fiscal Reform after the Fall of Communism 5. Staying the Course I: Fiscal Reform During the Post-communist Fiscal Crisis 6. Staying the Course II: Fiscal Reform from the End of the Post-communist Fiscal Crisis to EU Accession 7. Conclusion: Post-communist Fiscal Reform and the Changing Nature of Political Constraints References Index

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Book SynopsisThis two-volume anthology contains many of the classic articles from the public choice/rational politics field and includes a new introduction prepared by the editor.Volume I is divided into four parts: The Nature of Democratic Government, Majority Rule, Other Voting Rules and Clubs and Local Politics. Volume II is divided into the following four parts: Representative Democracy, Bureaucracy, Political Business Cycles, and Democratic Dilemmas. Included are excerpts from such classic pieces as Buchanan and Tullock's Calculus of Consent, Downs's Economic Theory of Democracy, Olson's Logic of Collective Action and Niskanen's Bureaucracy and Representative Government, as well as articles by Coase, May, Black, McKelvey, Groves, Ledyard, Vernon Smith, Tiebout, Breton, Stigler, Romer, Rosenthal, Arrow, Sen, Satterthwaite, Gibbard and many more.Trade Review'. . . this new Elgar's collection of writings on public choice is a great monument to this new scientific area of economics. In addition, what makes it very useful is that the framework followed by Dennis Mueller reflects very closely the way he organised the contents of his volume on public choice, which makes these volumes a good complement to his landmark on the subject.' -- Domenico da Empoli, Journal of Public Finance and Public ChoiceTable of ContentsContents: Volume I Acknowledgements Introduction Dennis C. Mueller PART I THE NATURE OF DEMOCRATIC GOVERNMENT 1. Knut Wicksell (1896/1967), ‘The Principle of (Approximate) Unanimity and Voluntary Consent in Taxation’ 2. James M. Buchanan and Gordon Tullock (1962), ‘The Organization of Human Activity’ 3. James M. Buchanan (1975), ‘Constitutional Contract: The Theory of Law’ 4. James M. Buchanan (1954), ‘Individual Choice in Voting and the Market’ 5. James M. Buchanan (1965), ‘Ethical Rules, Expected Values, and Large Numbers’ 6. Mancur Olson, Jr. (1965/71), ‘A Theory of Groups and Organizations’ 7. Ronald Coase (1960), ‘The Problem of Social Cost’ 8. Carl J. Dahlman (1979), ‘The Problem of Externality’ PART II MAJORITY RULE 9. Kenneth O. May (1952), ‘A Set of Independent Necessary and Sufficient Conditions for Simple Majority Decision’ 10. Douglas W. Rae (1969), ‘Decision-Rules and Individual Values in Constitutional Choice’ 11. Duncan Black (1948), ‘On the Rationale of Group Decision-Making’ 12. H.P. Young (1988), ‘Condorcet’s Theory of Voting’ 13. David Austen-Smith and Jeffrey S. Banks (1996), ‘Information Aggregation, Rationality, and the Condorcet Jury Theorem’ 14. Otto A. Davis, Morris H. DeGroot and Melvin J. Hinich (1972), ‘Social Preference Orderings and Majority Rule’ 15. Ted C. Bergstrom (1979), ‘When Does Majority Rule Supply Public Goods Efficiently?’ 16. Theodore C. Bergstrom and Robert P. Goodman (1973), ‘Private Demands for Public Goods’ 17. Gerald H. Kramer (1973), ‘On a Class of Equilibrium Conditions for Majority Rule’ 18. Peter Bernholz (1973), ‘Logrolling, Arrow Paradox and Cyclical Majorities’ 19. Thomas Stratmann (1992), ‘The Effects of Logrolling on Congressional Voting’ 20. Richard D. McKelvey (1976), ‘Intransitivities in Multidimensional Voting Models and Some Implications for Agenda Control’ PART III OTHER VOTING RULES 21. H.P. Young (1974), ‘An Axiomatization of Borda’s Rule’ 22. Steven J. Brams and Peter C. Fishburn (1978), ‘Approval Voting’ 23. E.A. Thompson (1966), ‘A Pareto Optimal Group Decision Process’ 24. Theodore Groves and John Ledyard (1977), ‘Optimal Allocation of Public Goods: A Solution to the "Free Rider" Problem’ 25. Vernon L. Smith (1977), ‘The Principle of Unanimity and Voluntary Consent in Social Choice’ 26. T. Nicolaus Tideman and Gordon Tullock (1976), ‘A New and Superior Process for Making Social Choices’ 27. Dennis C. Mueller (1978), ‘Voting by Veto’ 28. Hervé Moulin (1981), ‘Prudence versus Sophistication in Voting Strategy’ PART IV CLUBS AND LOCAL POLITICS 29. Charles M. Tiebout (1956), ‘A Pure Theory of Local Expenditures’ 30. Frank Flatters, Vernon Henderson and Peter Mieszkowski (1974), ‘Public Goods, Efficiency, and Regional Fiscal Equalization’ 31. Wallace E. Oates (1969), ‘The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis’ 32. Wallace E. Oates and Robert M. Schwab (1988), ‘Economic Competition Among Jurisdictions: Efficiency Enhancing or Distortion Inducing?’ 33. James M. Buchanan (1965), ‘An Economic Theory of Clubs’ 34. Martin McGuire (1974), ‘Group Segregation and Optimal Jurisdictions’ 35. Mancur Olson, Jr. and Richard Zeckhauser (1966), ‘An Economic Theory of Alliances’ Name Index Volume II Acknowledgements An introduction by the editor to both volumes appears in Volume I PART I REPRESENTATIVE DEMOCRACY 1. Anthony Downs (1957), ‘The Statics and Dynamics of Party Ideologies’ 2. Otto A. Davis, Melvin J. Hinich and Peter C. Ordeshook (1970), ‘An Expository Development of a Mathematical Model of the Electoral Process’ 3. Nicholas R. Miller (1980), ‘A New Solution Set for Tournaments and Majority Voting: Further Graph-Theoretical Approaches to the Theory of Voting’ 4. Nicholas R. Miller (1983), ‘The Covering Relation in Tournaments: Two Corrections’ 5. Peter Coughlin and Shmuel Nitzan (1981), ‘Electoral Outcomes with Probabilistic Voting and Nash Social Welfare Maxima’ 6. John O. Ledyard (1984), ‘The Pure Theory of Large Two-Candidate Elections’ 7. Albert Breton and Gianluigi Galeotti (1985), ‘Is Proportional Representation Always the Best Electoral Rule?’ 8. Norman Schofield (1987), ‘Stability of Coalition Governments in Western Europe: 1945–86’ PART II BUREAUCRACY 9. William A. Niskanen, Jr. (1971), ‘Budget and Output Behaviour’ 10. Jean-Luc Migué and Gérard Bélanger (1974), ‘Toward a General Theory of Managerial Discretion’ 11. Gary J. Miller and Terry M. Moe (1983), ‘Bureaucrats, Legislators, and the Size of Government’ 12. Thomas Romer and Howard Rosenthal (1979), ‘Bureaucrats Versus Voters: On the Political Economy of Resource Allocation by Direct Democracy’ 13. Barry R. Weingast and William J. Marshall (1988), ‘The Industrial Organization of Congress; or, Why Legislatures, Like Firms, Are Not Organized as Markets’ PART III POLITICAL BUSINESS CYCLES 14. Gerald H. Kramer (1971), ‘Short-Term Fluctuations in U.S. Voting Behavior, 1896–1964’ 15. George J. Stigler (1973), ‘General Economic Conditions and National Elections’ 16. William D. Nordhaus (1975), ‘The Political Business Cycle’ 17. Bennett T. McCallum (1978), ‘The Political Business Cycle: An Empirical Test’ 18. Bruno S. Frey and Friedrich Schneider (1978), ‘A Politico-Economic Model of the United Kingdom’ 19. Douglas A. Hibbs, Jr. (1982), ‘On the Demand for Economic Outcomes: Macroeconomic Performance and Mass Political Support in the United States, Great Britain, and Germany’ 20. Alberto Alesina (1987), ‘Macroeconomic Policy in a Two-Party System as a Repeated Game’ 21. Alberto Alesina and Nouriel Roubini (1992), ‘Political Cycles in OECD Economies’ PART IV DEMOCRATIC DILEMMAS 22. Kenneth J. Arrow (1950), ‘A Difficulty in the Concept of Social Welfare’ 23. James M. Buchanan (1954), ‘Social Choice, Democracy, and Free Markets’ 24. Mark Allen Satterthwaite (1975), ‘Strategy-Proofness and Arrow’s Conditions: Existence and Correspondence Theorems for Voting Procedures and Social Welfare Functions’ 25. Allan Gibbard (1973), ‘Manipulation of Voting Schemes: A General Result’ 26. Murray C. Kemp and Yew-Kwang Ng (1976), ‘On the Existence of Social Welfare Functions, Social Orderings and Social Decision Functions’ 27. Robert P. Parks (1976), ‘An Impossibility Theorem for Fixed Preferences: A Dictatorial Bergson-Samuelson Welfare Function’ 28. Amartya Sen (1970), ‘The Impossibility of a Paretian Liberal’ 29. Wulf Gaertner, Prasanta K. Pattanaik and Kotaro Suzumura (1992), ‘Individual Rights Revisited’ 30. Dennis C. Mueller (1974), ‘Achieving the Just Polity’ Name Index

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Book SynopsisThe Political Economy of Monetary Union presents an important collection of the most influential articles covering different areas in this expanding field.The volume brings together both the classical articles which have laid the foundations for the theory of optimum currency and the resulting empirical literature. Further papers focus on the issues of fiscal policy, the design and operation of the central bank in a monetary union and the problems of transition to monetary union.This authoritative volume is essential reading for all scholars, students and practitioners interested in the issues relating to economic and monetary unification.Trade Review'The selection of readings prepared by Paul De Grauwe - himself an important contributor to the theory of monetary union - is a most timely and useful tool for teachers and students.' -- Giorgio Basevi, University of Bologna, ItalyTable of ContentsContents Acknowledgements Introduction Paul De Grauwe PART I THE THEORY OF OPTIMUM CURRENCY AREAS 1. Robert A. Mundell (1961), ‘A Theory of Optimum Currency Areas’ 2. Ronald I. McKinnon (1963), ‘Optimum Currency Areas’ 3. Peter B. Kenen (1969), ‘The Theory of Optimum Currency Areas: An Eclectic View’ 4. Paul Krugman (1993), ‘Lessons of Massachusetts for EMU’ 5. George S. Tavlas (1993) ‘The "New" Theory of Optimum Currency Areas’ 6. Tamim Bayoumi (1994), ‘A Formal Model of Optimum Currency Areas’ PART II EMPIRICAL ANALYSIS OF OPTIMUM CURRENCY AREAS 7. Tamim Bayoumi and Barry Eichengreen (1993), ‘Shocking Aspects of European Monetary Integration’ 8. Tamim Bayoumi and Barry Eichengreen (1997), ‘Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries’ 9. M.J. Artis and W. Zhang (1997), ‘International Business Cycles and the ERM: Is there a European Business Cycle?’ 10. Paul De Grauwe and Wim Vanhaverbeke (1993), ‘Is Europe an Optimum Currency Area?: Evidence from Regional Data’ 11. Jörg Decressin and Antonio Fatás (1995), ‘Regional Labour Market Dynamics in Europe’ 12. Charles Engel and John H. Rogers (1996), ‘How Wide is the Border?’ 13. Jeffrey A. Frankel and Andrew K. Rose (1998), ‘The Endogeneity of the Optimum Currency Area Criteria’ PART III FISCAL POLICIES IN A MONETARY UNION 14. Xavier Sala-i-Martín and Jeffrey Sachs (1992), ‘Fiscal Federalism and Optimum Currency Areas: Evidence for Europe from the United States’ 15. Jürgen von Hagen (1992), ‘Fiscal Arrangements in a Monetary Union. Evidence from the US’ 16. Willem Buiter, Giancarlo Corsetti and Nouriel Roubini (1993), ‘Excessive Deficits: Sense and Nonsense in the Treaty of Maastricht’ 17. Charles Wyplosz (1991), ‘Monetary Union and Fiscal Policy Discipline’ 18. Pierfederico Asdrubali, Bent E. Sørensen and Oved Yosha (1996), ‘Channels of Interstate Risk Sharing: United States 1963–1990’ PART IV THE CENTRAL BANK IN A MONETARY UNION 19. Jakob de Haan (1997), ‘The European Central Bank: Independence, Accountability and Strategy: A Review’ 20. Stephen G. Cecchetti (1999), ‘Legal Structure, Financial Structure, and the Monetary Policy Transmission Mechanism’ 21. Rudi Dornbusch, Carlo Favero and Francesco Giavazzi (1998), ‘Immediate Challenges for the European Central Bank’ PART V ISSUES OF TRANSITION TO MONETARY UNION 22. David Begg, Francesco Giavazzi, Jürgen von Hagen and Charles Wyplosz (1997), EMU: Getting the End-game Right 23. Roland Vaubel (1990), ‘Currency Competition and European Monetary Integration’ 24. Friedrich A. Hayek (1984), ‘The Theory of Currency Competition. I.1 The Future Unit of Value’ Name Index

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Book SynopsisThe literature on the character, determinants and relative performance of the leading industrial economies has developed rapidly of late. However many of the most important pieces of writing are now slipping from view because they were originally published in different, often inaccessible and highly specialised academic journals. These three volumes bring together those key articles and provide a new introductory commentary on the literature.This authoritative collection provides the reader with easy access to the full range of arguments now being developed to explain why some forms of economic organisation prospered best in the immediate past, and why some models now seem more effective than others in responding to the new global conditions of intensified international competition and rapid capital mobility. These volumes will be an indispensable reference source for students and researchers specialising in modern capitalism.Trade Review'Gathered together in this collection are all the main scholarly contributions to a set of crucial debates concerning the degree of convergence and divergence in the trajectory of modern capitalism, and the viability of different models of capitalism. Scholars working at the boundaries of political science, economics and sociology will find this three-volume collection indispensable for both research and teaching purposes.' -- Chris Howell, Oberlin College, USTable of ContentsContents: Volume I: Capitalist Models: Divergence and Convergence Acknowledgements Introduction David Coates PART I TYPOLOGIES OF NATIONAL SYSTEMS 1. Barbara Stallings and Wolfgang Streeck (1995), ‘Capitalisms in Conflict? The United States, Europe, and Japan in the Post-Cold War World (1995)’ 2. Will Hutton (1994), ‘The Political Economy of the World’s Capitalisms’ 3. Harold Perkin (1996), ‘The Third Revolution and Stakeholder Capitalism: Convergence or Collapse?’ 4. William Lazonick (1992), ‘Business Organization and Competitive Advantage: Capitalist Transformations in the Twentieth Century’ 5. Robert A. Boyer (2001), ‘The Diversity and Future of Capitalisms: A Régulationnist Analysis’ 6. David Soskice (1990), ‘Reinterpreting Corporatism and Explaining Unemployment: Co-ordinated and Non-co-ordinated Market Economies’ PART II TYPOLOGIES OF NATIONAL SUB-SYSTEMS 7. Chris Freeman (1995), ‘The "National System of Innovation" in Historical Perspective’ 8. Richard Whitley (1994), ‘Dominant Forms of Economic Organization in Market Economies’ 9. John Zysman (1983), ‘Finance and the Politics of Industry’ 10. Ian Holliday (2000), ‘Productivist Welfare Capitalism: Social Policy in East Asia’ 11. Stephen J. Frenkel (1986), ‘Industrial Sociology and Workplace Relations in Advanced Capitalist Societies’ PART III THE CONVERGENCE OF NATIONAL SYSTEMS 12. James E. Cronin (2000), ‘Covergence by Conviction: Politics and Economics in the Emergence of the "Anglo-American" Model’ 13. John Zysman (1996), ‘The Myth of a Global Economy: Enduring National Foundations and Emerging Regional Realities’ 14. Colin Hay (2000), ‘Contemporary Capitalism, Globalization, Regionalization and the Persistence of National Variation’ 15. Herbert Kitschelt, Peter Lange, Gary Marks and John D. Stephens (1999), ‘Convergence and Divergence in Advanced Capitalist Democracies’ 16. Ronald Dore, William Lazonick and Mary O’Sullivan (1999), ‘Varieties of Capitalism in the Twentieth Century’ 17. Hugo Radice (1998), ‘"Globalization" and National Differences’ PART IV THEORIZING CONVERGENCE AND DIFFERENCE 18. Bruno Amable (2000), ‘Institutional Complementarity and Diversity of Social Systems of Innovation and Production’ 19. Hugo Radice (2000), ‘Globalization and National Capitalisms: Theorizing Convergence and Differentiation’ Name Index Volume II: Capitalist Models Under Challenge Acknowledgements Introduction David Coates PART I JAPANESE CAPITALISM 1. Ronald Dore (1993), ‘What Makes the Japanese Different?’ 2. Michael Gerlach (1989), ‘Keiretsu Organization in the Japanese Economy: Analysis and Trade Implications’ 3. Knuth Dohse, Ulrich Jürgens and Thomas Malsch (1985), ‘From "Fordism" to "Toyotism"? The Social Organization of the Labor Process in the Japanese Automobile Industry’ 4. Paul Burkett and Martin Hart-Landsberg (1996), ‘The Use and Abuse of Japan as a Progressive Model’ 5. William K. Tabb (1999), ‘The End of the Japanese Postwar System’ 6. Ronald Dore (1998), ‘Asian Crisis and the Future of the Japanese Model’ PART II EAST ASIAN INDUSTRIALIZATION: THE CASE OF SOUTH KOREA 7. Richard Child Hill and Kuniko Fujita (1996), ‘Flying Geese, Swarming Sparrows or Preying Hawks? Perspectives on East Asian Industrialization’ 8. Jeffrey Henderson (1993), ‘Against the Economic Orthodoxy: On the Making of the East Asian Miracle’ 9. Alice H. Amsden (1990), ‘Third World Industrialization: "Global Fordism" or a New Model?’ 10. Stephen Haggard and Jongryn Mo (2000), ‘The Political Economy of the Korean Financial Crisis’ 11. Dic Lo (1999), ‘The East Asian Phenomenon: The Consensus, the Dissent, and the Significance of the Present Crisis’ 12. Linda Weiss (1999), ‘State Power and the Asian Crisis’ PART III THE GERMAN MODEL 13. Michel Albert and Rauf Gonenc (1996), ‘The Future of Rhenish Capitalism’ 14. Wolfgang Streeck (1997), ‘German Capitalism: Does it Exist? Can it Survive?’ 15. Wendy Carlin and David Soskice (1997), ‘Shocks to the System: The German Political Economy Under Stress’ 16. Anke Hassel (1999), ‘The Erosion of the German System of Industrial Relations’ 17. Pepper D. Culpepper (1999), ‘The Future of the High-Skill Equilibrium in Germany’ 18. Kathleen Thalen and Ikuo Kume (1999), ‘The Effects of Globalization on Labor Revisited: Lessons from Germany and Japan’ PART IV THE SWEDISH MODEL 19. Rudolf Meidner (1993), ‘Why Did the Swedish Model Fail?’ 20. Jonas Pontusson (1992), ‘At the End of the Third Road: Swedish Social Democracy in Crisis’ 21. Stuart Wilks (1996), ‘Class Compromise and the International Economy: The Rise and Fall of Swedish Social Democracy’ PART V EUROPEAN WELFARE CAPITALISM 22. Assar Lindbeck (1985), ‘What is Wrong with the West European Economies?’ 23. Ian Gough (1996), ‘Social Welfare and Competitiveness’ 24. John Grahl and Paul Teague (1997), ‘Is the European Social Model Fragmenting?’ Name Index Volume III: The Ascendancy of Liberal Capitalism Acknowledgements Introduction David Coates PART I LIBERAL CAPITALISM: USA 1. J. Rogers Hollingsworth (1997), ‘The Institutional Embeddedness of American Capitalism’ 2. Stephen D. Cohen (1995), ‘Does the United States Have an International Competitiveness Problem?’ 3. Moses Abramovitz and Paul A. David (1996), ‘Convergence and Deferred Catch-up: Productivity Leadership and the Waning of American Exceptionalism’ 4. David M. Gordon (1994), ‘Chickens Home to Roost: From Prosperity to Stagnation in the Postwar U.S. Economy’ 5. Julie Froud, Colin Haslam, Sukhdev Johal, Jean Shaoul and Karel Williams (1996), ‘Sinking Ships? Liberal Theorists and the American Economy’ 6. Richard B. Freeman (2000), ‘The US Economic Model at Y2K: Lodestar for Advanced Capitalism?’ 7. Robert Brenner (2000), ‘The Boom and the Bubble’ PART II: LIBERAL CAPITALISM: THE UK 8. Bernard Elbaum and William Lazonick (1984), ‘The Decline of the British Economy: An Institutional Perspective’ 9. David Finegold and David Soskice (1988), ‘The Failure of Training in Britain: Analysis and Prescription’ 10. Jill Rubery (1994), ‘The British Production Regime: A Societal-specific System?’ 11. Christel Lane (1992), ‘European Business Systems: Britain and Germany Compared’ 12. Martha Prevezer (1994), ‘Overview: Capital and Control: City-Industry Relations’ 13. Karel Williams, John Williams and Colin Haslam (1990), ‘The Hollowing Out of British Manufacturing and Its Implications for Policy’ 14. Hugo Radice (1999), ‘Britain Under "New Labour": A Model for European Restructuring?’ 15. David Coates (1999), ‘Models of Capitalism in the New World Order: The UK Case’ PART III THE MODELS COMPARED 16. J. Rogers Hollingsworth (1997), ‘Continuities and Changes in Social Systems of Production: The Cases of Japan, Germany and the United States’ 17. William Lazonick and Mary O’Sullivan (1997), ‘Finance and Industrial Development. Part I: The United States and the United Kingdom’ 18. William Lazonick and Mary O’Sullivan (1997), ‘Finance and Industrial Development. Part II: Japan and Germany’ 19. Robert Buchele and Jens Christiansen (1998), ‘Do Employment and Income Security Cause Unemployment?: A Comparative Study of the US and the E-4’ 20. Ronald Dore (2000), ‘Will Global Capitalism be Anglo-Saxon Capitalism?’ Name Index

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Book SynopsisIn recent decades, local government has become increasingly complex. The Political Economy of Local Government draws upon recent developments in economics, including new institutional economics, and contemporary advances in the theories of social capital and leadership, in order to explain local government policy formulation.The authors go beyond the study of local public goods to explore the sources of market failure and examine whether local authorities are more susceptible to certain types of government failure. In addition, a transaction cost analysis of markets, hierarchies and networks is applied to ascertain the comparative institutional advantage local authorities might have in the supply of local governance. The book also considers the extent of the influence that these recent advances in the theories of social capital and leadership have on the process and implementation of local government policy. This book offers a fresh and readily accessible perspective on the political economy of local government policy making, and will be of particular interest to students and practitioners of economics, political science, public administration, policy studies and local government.Trade Review'The authors raise a wide range of thoughts for further analysis, and their book should be seen as a valuable - and indeed invaluable - catalyst for further study.' -- David N. King, The Economic JournalTable of ContentsContents: Preface 1. Introduction 2. Market Failure and Local Government 3. Government Failure and Local Government 4. The Empirical Measurement of Local Government Efficiency 5. New Institutional Economics and Alternative Mechanisms of Local Governance 6. The Political Economy of Local Government Reform 7. A Case Study of Local Government Reform in New Zealand 8. Conclusion References Index

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Book SynopsisIn the 1990s, the states of Western Europe faced twin challenges, from above in the shape of globalization and European integration, and from below in the form of new regionalist movements. In this authoritative book, Michael Keating traces the historical origins of regionalism, showing that territorial politics has always been a feature of the West European state. Then he analyses the post-war model of territorial management in the Keynesian welfare state, and shows how current trends are re-shaping the meaning of political space and encouraging new forms of political mobilization and action. This new regionalism is no longer contained within the nation state so that regions must face the global market and an integrating Europe directly. Professor Keating argues that regionalism is a complex phenomenon, spanning culture, economics, politics and policy. It takes different forms in different settings, shaped by the imperatives of economic competition in a global age, as well as by political forces within the regions themselves. There is a discussion of regionalism as a strategy for economic development, of the emergence of a regional level of government and of regions with the European Union.The New Regionalism in Western Europe will be essential reading for academics and students interested in European politics, future integration within the European Union and European political history.Trade Review'This book can be considered a very welcome contribution to the discussion on the emergence of the new Europe of regions . . . The book offers a lot of insight into the potential and opportunities of the process. In fact, the chapters are based on papers that have been presented at conferences and workshops in recent years. . . . The result of all this investment is a very interesting book in which many aspects of regional development in Europe are emphasised. This is exactly why it is a book worthwhile not only for scientists and scholars but also for decision-makers and policymakers. Anybody who is involved in the regional development of Europe should read this kind of publication.'Table of ContentsContents: 1. Territory and Politics 2. Regions and State-building in Western Europe 3. Regions in the Welfare State 4. The New Regionalism 5. Regional Government 6. The Political Economy of Regionalism 7. Regions in an Integrated Europe 8. Conclusion Appendix Index

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Book SynopsisAlmost all developing countries have implemented major economic reforms over the past two decades, but there is no consensus either on how this impacts on manufacturing or on how policy could be adapted to support manufacturing. On the one hand there is a widely held view that protectionism is dead and trade liberalisation is the only direction. On the other hand there is an increasing perception that governments have a role in supporting manufacturing.This book considers the impact of economic reforms on manufacturing performance and explores policy options for promoting manufacturing. Using country-specific case studies spanning Africa, South Asia, South East Asia and Latin America, the authors examine the evidence for and against both trade liberalisation and government support policy.Economic Policy and Manufacturing Performance in Developing Countries will prove an invaluable source of reference to all scholars of development economics and trade policy.Table of ContentsContents: Preface 1. Introduction 2. Sources of Industrial Growth 3. Firm-Level Capability Building in Less Developed Countries 4. Policy Reform and Ugandan Export Competitiveness 5. Becoming an Exporter of Manufactures 6. Trade Liberalisation and Export Diversification in Nepal 7. Liberalisation and the Manufacturing Sector 8. Small Enterprise Development in Cambodia 9. Economic Policy and the Changing Structure of Small-Scale Manufacturing in Quito, Ecuador, 1975–1995 10. Small-Scale Industry in the Gaza Strip Index

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Book SynopsisThe essays contained herein span over a decade and reflect David Prychitko's thinking about the role of the market system, and its relation to planning and democratic processes. The collection consists of previously published and unpublished articles written not only for economists but also for an interdisciplinary audience. Prychitko extends the Austrian School's criticism of central planning to include the decentralized, self-managed and democratic models of socialism - those that were supposed to distinguish Yugoslav-style socialism from Soviet socialism. He critically evaluates the socialist and market-socialist proposals of contemporary advocates including Michael Albert and Robin Hahnel, Ted Burczak, Branko Horvat, and Joseph Stiglitz. A younger Austrian economist, Prychitko has also emerged as an internal critic within that tradition. He questions the Austrian School's claims that the unhampered market maximizes social welfare, that any actions of the state necessarily reduce welfare, and that anarcho-capitalism is viable and desirable. At the same time, he carefully discusses the viability of worker-managed enterprise from a market-process perspective, and offers a qualified defense.Scholars, particularly those with an interest in Austrian economic thought, comparative political economy and free market libertarianism will find this collection a valuable resource.Trade Review'David Prychitko's Markets, Planning and Democracy marks a significant step forward in developing Austrian theory. . . I have little to disagree with in this volume, and much to really like.' -- Gus diZerega, Review of Austrian Economics'. . . for a reader who is interested in East Europe's socio-political changes the book makes fascinating reading, although it tells very little about the reality of these countries over the past decade. . . Prychitko's essays are actually rather historical: they are a good introduction to the waves of economic thinking that shaped the world in the twentieth century. This historical relevance may actually be the most important aspect of this book.' -- Henri Vogt, DemocratizationTable of ContentsContents: Introduction: Markets, Planning and Democracy in the Age of Post-Communism Part I: The Possibility of Economic Democracy: Self-Managed Socialism versus the Self-Managed Firm 1. Comparative Economic Systems 2. Marxism and Decentralized Socialism 3. Did Horvat Answer Hayek? The Crisis of Yugoslav Self-Management 4. Perestroika in Yugoslavia: Lessons from Four Decades of Self-Management 5. Marxisms and Market Processes 6. Marx, Postmodernism and Self-Management: Reply to Abell 7. The Critique of Workers’ Self-Management: Austrian Perspectives and Economic Theory 8. Hayekian Socialism: Rethinking Burczak, Ellerman and Kirzner Part II: Capitalism and the Quest for Utopia 9. Formalism in Austrian School Welfare Economics: Another Pretense of Knowledge? 10. Expanding the Anarchist Range: A Critical Reappraisal of Rothbard’s Contribution to the Contemporary Theory of Anarchism 11. The Welfare State: What is Left? 12. Does Market Socialism Have a Future? From Lange and Lerner to Schumpeter and Stiglitz 13. Socialism as Cartesian Legacy: The Radical Element within F.A. Hayek’s The Fatal Conceit 14. The Collapse of Communism – A Decade Later 15. Thoughts on Austrian Economics, ‘Austro-Punkism’, and Libertarianism References Index

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Book SynopsisThis timely book provides an authoritative analysis of the pension reform process in nine countries, namely Australia, Canada, France, Germany, Italy, the Netherlands, New Zealand, the UK and USA, with Japan being covered in the introduction by the editors. The book draws on the work of experts from each of these countries to provide a picture of how the pension systems work in each country.The contributors examine the policy reform process in each country, against the background of the fiscal stresses arising from the ageing populations in OECD countries. They also analyse whether different types of pension delivery systems (e.g. the public-private mix) generate different standards of living. Each study is prepared according to a common template allowing meaningful analysis of pension delivery and outcomes across countries using similar macroeconomic statistics and microdata. Pension Systems and Retirement Incomes across OECD Countries is an extremely valuable and empirically sound book on a highly topical subject. It will appeal to scholars of economics, public policy, political science and finance as well as being of great interest to policymakers and practitioners involved in pension fund management.Trade Review'This is a readable work, accessible to the non economist.' -- Ken Marston, Australasian Journal on AgeingTable of ContentsContents: Preface 1. An Overview 2. Pension Provision in Australia 3. Pension Provision in Canada 4. Pension Provision in France 5. Pension Provision in Germany 6. Pension Provision in Italy 7. Pension Provision in the Netherlands 8. Pension Provision in New Zealand 9. Pension Provision in the United Kingdom 10. Pension Provision in the United States Index

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Book SynopsisThis major two-volume collection focuses on the economics of distributional equity and the way general criteria for comparisons of income-distribution can be used to inform the analysis of inequality and poverty. The issues addressed include: the nature of general ranking rules for comparing economic states based on simple ethical principles; the close relationship between the analysis of poverty and that of inequality or social welfare; the structure and properties of inequality and poverty indices. In addition to covering theoretical and empirical questions, the development of the subject is set in historical context. The extensive new introduction by the editor explains the relationship between the various component topics.These insightful volumes will be an essential source of reference for students, researchers and practitioners.Trade Review'This magnificent collection is a must for every welfare economics and general economics library. . .' -- Citizen's IncomeTable of ContentsContents: Volume I Acknowledgements Introduction Frank A. Cowell PART I WELFARE BASIS OF DISTRIBUTIONAL ANALYSIS 1. A.C. Pigou (1912), ‘Economic Welfare and the National Dividend’ 2. Hugh Dalton (1920), ‘The Measurement of the Inequality of Incomes’ 3. John C. Harsanyi (1955), ‘Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility’ 4. Harold M. Hochman and James D. Rodgers (1969), ‘Pareto Optimal Redistribution’ 5. Larry S. Temkin (1986), ‘Inequality’ 6. Yoram Amiel and Frank A. Cowell (1992), ‘Measurement of Income Inequality: Experimental Test by Questionnaire’ 7. Peter Vallentyne (2000), ‘Equality, Efficiency, and the Priority of the Worse-off’ PART II WELFARE AND INEQUALITY RANKINGS 8. M.O. Lorenz (1905), ‘Methods of Measuring the Concentration of Wealth’ 9. Jan Pen (1971), ‘A Parade of Dwarfs (and a Few Giants)’, excerpt from ‘Some Facts to be Explained’ 10. Rubin Saposnik (1981), ‘Rank-dominance in Income Distributions’ 11. Anthony F. Shorrocks (1983), ‘Ranking Income Distributions’ 12. Peter C. Fishburn and Robert D. Willig (1984), ‘Transfer Principles in Income Redistribution’ PART III INEQUALITY MEASUREMENT 13. Corrado Gini (1921), ‘Measurement of Inequality of Incomes’ 14. Henri Theil (1967), ‘The Measurement of Income Inequality’ 15. Menahem E. Yaari (1988), ‘A Controversial Proposal Concerning Inequality Measurement’ PART IV INEQUALITY: WELFARE APPROACH 16. S.-Ch. Kolm ([1969] 2001), ‘The Optimal Production of Social Justice’ 17. Anthony B. Atkinson (1970), ‘On the Measurement of Inequality’ 18. Partha Dasgupta, Amartya Sen and David Starrett (1973), ‘Notes on the Measurement of Inequality’ 19. Michael Rothschild and Joseph E. Stiglitz (1973), ‘Some Further Results on the Measurement of Inequality’ 20. J.E. Meade (1976), ‘The Objectives of Distributional Policies’ 21. Serge-Christophe Kolm (1976), ‘Unequal Inequalities. I’ 22. Serge-Christophe Kolm (1976), ‘Unequal Inequalities. II’ 23. Charles Blackorby and David Donaldson (1978), ‘Measures of Relative Equality and Their Meaning in Terms of Social Welfare’ PART V INEQUALITY: STRUCTURE 24. Francois Bourguignon (1979), ‘Decomposable Income Inequality Measures’ 25. Frank A. Cowell (1980), ‘On the Structure of Additive Inequality Measures’ 26. Anthony F. Shorrocks (1984), ‘Inequality Decomposition by Population Subgroups’ 27. Udo Ebert (1988), ‘A Family of Aggregative Compromise Inequality Measures’ PART VI MULTIDIMENSIONAL APPROACHES 28. Frank A. Cowell (1985), ‘Measures of Distributional Change: An Axiomatic Approach’ 29. Serge-Christophe Kolm (1977), ‘Multidimensional Egalitarianisms’ 30. A.F. Shorrocks (1982), ‘Inequality Decomposition by Factor Components’ PART VII POLARIZATION 31. Joan-María Esteban and Debraj Ray (1994), ‘On the Measurement of Polarization’ 32. Michael C. Wolfson (1994), ‘Conceptual Issues in Normative Measurement: When Inequalities Diverge’ PART VIII HORIZONTAL EQUITY 33. A.B. Atkinson (1980), ‘Horizontal Equity and the Distribution of the Tax Burden’ 34. Robert Plotnick (1981), ‘A Measure of Horizontal Inequity’ Name Index Volume II Acknowledgements An Introduction by the editor to both volumes appears in Volume I PART I POVERTY CONCEPT AND POVERTY LINE 1. Mollie Orshansky (1965), ‘Counting the Poor: Another Look at the Poverty Profile’ 2. Peter Townsend (1979), ‘Introduction: Concepts of Poverty and Deprivation’ 3. Amartya Sen (1979), ‘Issues in the Measurement of Poverty’ 4. Amartya Sen (1983), ‘Poor, Relatively Speaking’ 5. Andrea Cerioli and Sergio Zani (1990), ‘A Fuzzy Approach to the Measurement of Poverty’ 6. Martin Ravallion (1996), ‘Issues in Measuring and Modelling Poverty’ PART II POVERTY MEASURES 7. Harold Watts (1968), ‘An Economic Definition of Poverty’ 8. Charles Blackorby and David Donaldson (1980), ‘Ethical Indices for the Measurement of Poverty’ 9. Stephen Clark, Richard Hemming and David Ulph (1981), ‘On Indices for the Measurement of Poverty’ 10. James Foster, Joel Greer and Erik Thorbecke (1984), ‘A Class of Decomposable Poverty Measures’ 11. Aldi Hagenaars (1987), ‘A Class of Poverty Indices’ PART III POVERTY AXIOMS AND RANKINGS 12. Amartya Sen (1976), ‘Poverty: An Ordinal Approach to Measurement’ 13. A. Kundu and T.E. Smith (1983), ‘An Impossibility Theorem on Poverty Indices’ 14. A.B. Atkinson (1987), ‘On the Measurement of Poverty’ 15. J.E. Foster and A.F. Shorrocks (1988), ‘Poverty Orderings and Welfare Dominance’ PART IV WELFARE, INEQUALITY AND NEEDS 16. Anthony B. Atkinson and François Bourguignon (1987), ‘Income Distribution and Differences in Needs’ 17. Fiona A.E. Coulter, Frank A. Cowell and Stephen P. Jenkins (1992), ‘Equivalence Scale Relativities and the Extent of Inequality and Poverty’ 18. Edward P. Lazear and Robert T. Michael (1980), ‘Family Size and the Distribution of Real Per Capita Income’ 19. Angus S. Deaton and John Muellbauer (1986), ‘On Measuring Child Costs: With Applications to Poor Countries’ PART V RELATIVE DEPRIVATION 20. S.R. Chakravarty and A.B. Chakraborty (1984), ‘On Indices of Relative Deprivation’ 21. Shlomo Yitzhaki (1982), ‘Relative Deprivation and Economic Welfare’ PART VI PROGRESSIVITY 22. R.A. Musgrave and Tun Thin (1948), ‘Income Tax Progression, 1929–48’ 23. J. Fellman (1976), ‘The Effect of Transformations on Lorenz Curves’ 24. Ulf Jakobsson (1976), ‘On the Measurement of the Degree of Progression’ PART VII DYNAMICS 25. Mary Jo Bane and David T. Ellwood (1986), ‘Slipping Into and Out of Poverty: The Dynamics of Spells’ 26. Lee A. Lillard and Robert J. Willis (1978), ‘Dynamic Aspects of Earning Mobility’ PART VIII FUNCTIONAL FORMS OF INCOME AND WEALTH DISTRIBUTION 27. Vilfredo Pareto ([1896] 2001), ‘On the Distribution of Wealth and Income’ 28. Robert Gibrat ([1931] 1957), ‘On Economic Inequalities’ 29. John S. Chipman (1974), ‘The Welfare Ranking of Pareto Distributions’ 30. J. Aitchison and J.A.C. Brown (1954), ‘On Criteria for Descriptions of Income Distribution’ 31. D.G. Champernowne (1952), ‘The Graduation of Income Distributions’ 32. S.K. Singh and G.S. Maddala (1976), ‘A Function for Size Distribution of Incomes’ 33. James B. McDonald and Michael R. Ransom (1979), ‘Functional Forms, Estimation Techniques and the Distribution of Income’ PART IX STATISTICAL ISSUES 34. Frank A. Cowell and Fatemeh Mehta (1982), ‘The Estimation and Interpolation of Inequality Measures’ 35. Jeffrey A. Mills and Sourushe Zandvakili (1997), ‘Statistical Inference via Bootstrapping for Measures of Inequality’ 36. Charles M. Beach and Russell Davidson (1983), ‘Distribution-Free Statistical Inference with Lorenz Curves and Income Shares’ 37. Frank A. Cowell and Maria-Pia Victoria-Feser (1996), ‘Robustness Properties of Inequality Measures’ Name Index

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Book SynopsisCompetitiveness is one of the key themes in the current debate about national economic performance. A vast array of statistical data is usually assembled by national governments to demonstrate a closing or widening of productivity or trade 'gaps' with other countries or groups of countries. The authors of this book argue that far too little attention has been paid to the often subtle, but highly significant, organisational and cultural characteristics which underpin production and trade in a globalised economy. Dimensions of Competitiveness suggests that awareness of the impacts of this neglected dimension of competitiveness can, together with appropriate corrective action, significantly improve corporate and national performance.While considering a variety of more conventional dimensions of international competitiveness, the authors challenge many established tenets. A number of policy prescriptions are outlined as a result. Attention is also paid to some of the key distributive and infrastructural roles in enhancing international competitiveness including facilitating labour and capital mobility and providing efficient transport systems.Trade Review'It can be seen that this well-produced book covers a big field and there will be something in it to interest most economists.' -- Graham Bannock, The Business Economist'This collection makes a considerable step beyond the theories of Ricardo and Krugman, probing the nitty-gritty of international competitiveness and its underlying determinants at the organisational level.' -- F.M. Scherer, Harvard University and Princeton University, US'Competitiveness is much discussed, but little understood. Scholarly empirical research on the topic is surprisingly rare. Understanding the connection between national culture, human resource management, industrial policy and the other dimensions of competitiveness requires an interdisciplinary perspective. Here at last is a good interdisciplinary collection of papers which provides significant insights into the determinants of national competitiveness within the modern global economy.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Preface by Ross E. Catterall Introduction: Conceptual Issues and International Competitiveness Part I: Organisational and Cross-Cultural Issues in International Competitiveness Part II: Financial, Productive and Distributive Issues in International Competitiveness Bibliography Index

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Book SynopsisMalaysia is one of the fastest growing economies in the world today, and this book reflects current debates about the future directions of the national economy, polity and society in light of the late 1990s watershed period of financial crisis, the arrest of Anwar Ibrahim and the subsequent 1999 general election. Malaysian Economics and Politics in the New Century aims to answer questions about how the economy and society are organized, about how the benefits from economic development are distributed, about government's relations to major national institutions, and about the nature of the political process. With its focus firmly on Malaysia's future, this will be a volume of particular interest to scholars, academics, researchers, business leaders and policymakers involved in the Asian region, and Malaysia in particular.Table of ContentsContents: Preface Part I: Introduction 1. Introduction Part II: Economics and Strategy 2. Malaysia and the Asian Crisis: Lessons and Challenges 3. The Impact of the 1997 Financial Crisis on Malaysia’s Corporate Sector and its Response 4. Malaysia after the Asian Crisis: An Overview of Labour Market Issues 5. The Financial Crisis and its Social Implications 6. Malaysia’s Security Environment and Strategic Responses Part III: Politics and Other Aspects 7. A New Politics in Malaysia: Ferment and Fragmentation 8. Changing Power Configurations in Malaysia 9. The Anwar Trial and its Wider Implications 10. Mahathir, Australia and the Rescue of the Malays 11. Some Aspects of Malaysian Civil Liberties 12. The Challenges of Opposition Politics in Malaysia – Checking Growing Authoritarianism and Ethnic Re-polarization Part IV: Conclusions 13. Conclusions References Index

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Book SynopsisThe implementation of a democratic order embedded in a market economy environment has proved immensely difficult. Furthermore, this process is subject to tremendous variety within Central and Eastern Europe. Ten years after the collapse of communism it was apparent that only Poland and Slovenia surpassed their 1989 levels of GDP. This book scrutinises the arrangements to enforce good governance in this area both by means of external help and domestic political leadership.From the popular assumption that transformation is a collective good, it follows that the problem of free-riding has to be faced. Consequently there is a danger that transformation may never be completed. This book empirically tests the relationship between economic performance and good governance focusing upon voluntary coercion as a means to prevent free-riding behaviour. The author examines the role of international organisations and discusses elite formation as an important element of good governance - something often ignored in the economic analysis of economic performance.Scholars and researchers of political and economic transformation in Central and Eastern Europe as well as those from the fields of political economy, international relations and political science will find this book enlightening.Trade Review'Undeniably Good Governance in Central and Eastern Europe provides many insights in the political economy of institutional reform and constitutes an important contribution to the growing literature on "second-generation" reforms.' -- Carlos Santiso, DemocratizationTable of ContentsContents: 1. Taking Stock on Transformation: Market Reform and Democratisation in Central and Eastern Europe 2. Good Governance and the First Decade of Transition: An Overview 3. Recovery and Growth in Transition Economies, 1990–97: A Stylised Regression Analysis 4. Governance, Conditionality and Transformation in Post-socialist Countries 5. International Finance Institutions and Conditionality in Eastern Europe 6. Transformation in the Czech and Slovak Republics: Elite Receptions and Responses 7. 1+1=? The Post-unification East German Elite: Analytical Caveats Bibliography Index

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Book SynopsisThis book studies the impact of Egypt's Economic Reform and Structural Adjustment Programme (ERSAP), the effects of which have been of great interest to the international community. Organizations such as the World Bank and the IMF uphold the programme as a success story and example for other countries to follow. ERSAP also has its critics, however, who resent its tendency to downsize government and fear possible negative effects on growth and development. The author discusses these concerns along with those regarding the possible negative social effects of ERSAP. This vital and timely study analyses the impact of ERSAP at two distinct levels - macro- and microeconomic. At the macro level the effects of ERSAP on variables including interest and exchange rates, domestic public debt, trade balance, budget deficit and inflation are considered. At the micro level two industrial case studies are considered in detail: the aluminium industry, and the iron and steel industry. Both are energy intensive industries affected specifically by ERSAP's policy of raising energy prices towards parity with world prices. They are also usually considered essential to any serious industrialization process. This book will interest and inform practitioners, policymakers and scholars of economics, industrial economics, development economics and development studies.Trade Review'Professor Abdel-Khalek, an Egyptian economist with numerous high-quality publications to his credit, gives another example of fine scholarship with this volume . . . the book . . . deserves high marks. The author has done an excellent job pointing out the shortcomings of using monetary policies alone to achieve multiple targets . . . Abdel-Khalek's work should set the standard for current research.' -- Khairy Tourk, The Journal of Energy and Development'This book will be of interest to a large variety of readers interested in economic policy, not only in Egypt but in many other developing countries as well . . . The author has done a good service in opening up questions regarding much of the policy package and the importance of tailoring more carefully to specific country circumstances. His reservations about the exchange rate, monetary policy, capital market liberalization, and trade liberalization merit consideration by all policy makers engaged in this work.' -- F. Desmond McCarthy, Journal of Economic Literature'Well written and informative, the book is highly recommended to readers interested in the Egyptian economy or the IMF's and WB's structural reform programs. Upper-division undergraduate through professional collections.' -- D.D. Miller, Choice'Professor Abdel-Khalek has produced a damning critique of the effects of the IMF structural adjustment programme in Egypt based on a detailed appraisal of the experience of the 1990s. He demonstrates how the macroeconomic reforms resulted in an overvalued real exchange rate, leading to a consumption binge by the better off, rapidly rising imports and a deteriorating trade balance. At the same time high domestic interest rates penalised local industries, yet domestic savings actually fell rather than rose as might have been expected. The evidence from Professor Abdel-Khalek's painstaking investigation of the effects on Egypt's aluminium and steel industries revealed that much more damage was done to the latter, but that even for aluminium there was no significant benefit. Parallels are drawn between the experience of Egypt and that of Mexico and some East Asian countries. It is clear that structural adjustment programmes can actually weaken economic fundamentals and result in at best sluggish and volatile growth. This study is an important contribution to the literature that illustrates how the Washington consensus on structural adjustment is misguided. It deserves to be read by those with an interest in the political economy of the Middle East, as well as by all those concerned with development issues more widely.' -- Rodney Wilson, University of Durham, UKTable of ContentsContents: Foreword by Ibrahim Shihata Introduction 1. Stabilization Experience before the 1990s 2. Economic “Reform” in the 1990s 3. The Macroeconomic Effects of ERSAP: Structural Reform or Dutch Disease? 4. The Main Features of the Manufacturing Sector 5. The Microeconomic Effects of ERSAP: 1. The Aluminium Industry 6. The Microeconomic Effects of ERSAP: 2. The Iron and Steel Industry 7. ERSAP and Industrialization: Concluding Remarks Annexes Bibliography Index

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Book SynopsisRecent political developments on the Korean peninsula suggest both the possibility and desirability for the neighboring powers to establish a new framework for regional peace. The US and North Korea have managed to reach an agreement to reduce mutually hostile threats on a reciprocal basis, and to normalize diplomatic relations by removing economic sanctions. They have thus created conditions potentially favorable for the expansion of trade and the inflow of economic assistance and foreign direct investment to North Korea.A crucial question, however, is will North Korea choose to transform its internal system and adopt an open-door policy in an effort to revive its stagnant economy? The distinguished contributors to this volume address the central issue of the development potential of the North Korean economy and the potential compatibility of economic reform with the maintenance of internal political stability. They examine what will be needed in the way of reform for North Korea to build its social infrastructure and manage its industrial transition to become part of the global market economy. Lessons are drawn from the experiences of China's economic reform since 1979 and German reunification and some sharp insights are provided into the economic forces that will play a major role in shaping the future course of North Korea.This timely book will be of great interest to policymakers, scholars, and students of Asian and transition economies.Trade Review'The chapters in the volume are empirically rich and informative and generate very useful policy implications. Its editors should be commended for successfully undertaking the difficult task of weaving diverse subjects into an analytically coherent whole . . . this book makes a very useful and timely contribution to our understanding of the North Korean economy. It is strongly recommended for Korean and East Asian specialists as well as students of transition economies.' -- Chung-in Moon, Journal of Economic LiteratureTable of ContentsContents: Preface Part I: Introduction Part II: The Political Economy of North Korea Part III: Development Potential under Reform Part IV: The Experience of Other Transition Economies Part V: The Availability of Social Infrastructure Part VI: The Importance of Industrial Location Index

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Book SynopsisThis authoritative book analyses the recent problems associated with the UK's monetary system and suggests a long-term solution to control bank lending in the future. It draws on extensive historical material, discussions with former senior officials and politicians, and the perceptive insights of Gordon Pepper, an advisor to Margaret Thatcher when the foundations of monetary control were being laid, to revisit and re-examine the monetarist experiment of the 1980s.The authors argue that, in spite of the instinct of the Prime Minister, the authorities never attempted to control the supply of money in the 1980s and only paid lip service to controlling the demand for money. Extraordinary behaviour of bank lending was a significant cause of the Barber boom in the mid-1970s, of the Lawson boom of the 1980s and of the depth of the recession in the early 1990s. They assert that varying interest rates is an ineffective tool to manage lending and controversially propose that the only enduring solution is to control the banks' reserves. The authors forcefully argue that should the UK not become a member of the European Single Currency the debate surrounding monetary base control will need to be reopened.By reassessing a significant era in British economic policy and suggesting a strategy for the future, this book will be of great interest to economic historians, monetary and political economists, policymakers and investment advisers.Trade Review'Many monetarists would agree with the premise of this book, namely that the monetarist experiment was a flawed or incomplete experiment. The authors argue that a major flaw was the lack of monetary control. In doing so they resurrect a long-standing debate on interest rate versus money base control (MBC). Those who think that the issue of MBC was buried in the 80s should think again and read this book.' -- Kent Matthews, Cardiff University, UK'At last, something approaching a technically rigorous and politically informed account of the British monetarist policy experiment of the 1980s. Love or loath Thatcherism, admire or abhor those who brought the revised quantity theory from the Chicago lecture hall to the City dealing room and onward to the British Cabinet and Treasury, you will need to read this latest work from Gordon Pepper, the leading City monetarist of the 1970s and 1980s, and Michael Oliver, the unofficial chronicler of this fascinating episode in British monetary history. Moreover, in speaking of the present, as well as of the past, they will command attention for their controversial recommendations for monetary policy today and in the future.' -- Roger Middleton, University of Bristol, UK'No-one can truly comprehend the role of monetarism both during and after the Thatcher years without a thorough reading of this book. To complement Pepper's incisive analysis of processes and institutions, Oliver provides an historical context for the skirmishes and full scale battles that attended the principles and practice of monetarism. The authors rightly identify the 'true monetarists' and the miscellaneous pseuds that litter the history. On the whole the ideas, if not the detailed mechanisms, of -- monetarism seem to me to have won the day and the decades since 1979.'– Sir Alan Walters, Chief Economic Adviser to Lady Thatcher'A characteristically provocative critique by two of monetarism's most tenacious theologians which identifies Margaret Thatcher and Keith Joseph as the only "true believers" - perhaps significantly the two who had been furthest away from the coal-face of economic policy.' -- The Rt. Hon. The Lord Howe of Aberavon, CH, QC Chancellor of the Exchequer, 1979-1983Table of ContentsContents: Foreword Preface Introduction Part I: History 1. A Brief History of Monetary Policy since Radcliffe 2. Monetarism in the UK 3. Monetarism and the Officials 4. Monetarism under Thatcher 5. Monetarism and the Politicians 6. Summary and Conclusions of Part I Part II: Policy Dilemmas 7. A Type of Supply-side Control: Control via the ‘Counterparts’ 8. Overfunding: A Useful Tool or Cosmetic Device? 9. Asset-Price Inflation 10. Debt Deflation 11. Summary and Conclusions of Part II Part III: Policy Solutions 12. Monetary Base Control 13. MBC versus Funding Policy 14. A Published Target for the Monetary Base 15. Summary and Conclusions of Part III Appendices References Index

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Book SynopsisIt is a widely held view that politics plays an important role in determining international trade policy. Defining precisely why, and how, politics matters is more difficult. Despite the benefits of trade, few nations have wholeheartedly adopted free trade policies, and when they do so it is by managing trade through international institutions and multi- or bilateral trade treaties.International Trade and Political Institutions broadens the public choice theory of trade politics to allow for the study of ideas and institutions within a longer time horizon. The authors use theoretically rigorous historical analysis of international political economy and four important case studies to help untangle the role of ideology, institutions and interests. This illuminating book connects the fields of economics, political economy and history to shed new light on trade theory.Scholars of political science and economy, economics and history will all find this book fascinating and worthwhile reading.Trade Review'This stimulating and well-written volume is based on the papers originally presented at a mini-conference held at Washington University in St. Louis . . . I do not exaggerate in saying that this should be standard reading for international relations theorists as well as economists and economic historians interested in the political economy of trade reform.' -- John V.C. Nye, EH.Net'In International Trade and Political Institutions, four leading young scholars of comparative and international political economy come together to analyse aspects of trade policy from the late eighteenth to the early twentieth centuries. Combining theoretical sophistication with empirical depth, they provide cogent arguments about the interaction of interests, institutions, and ideas in a period of crucial importance to those who would like to understand the sources and implications of global economic integration. This exciting volume will be of great interest for scholars concerned with international trade, political economy, and the history of the nineteenth-century world economy.' -- Jeffry A. Frieden, Harvard University, US'This fascinating volume should be read by political scientists, economists, and historians interested in the political formation of trade policy. The papers consider a rich set of historical examples and never fail to be provocative and interesting.' -- Douglas Irwin, Dartmouth College, USTable of ContentsContents: Preface 1. Tariffs and Modern Political Institutions: An Introduction 2. Agreeable Duties: The Tariff Treaty Regime in the Nineteenth Century 3. Trading Free and Opening Markets 4. Irish Potatoes, Indian Corn and British Politics: Interests, Ideology, Heresthetic and the Repeal of the Corn Laws 5. The Strategic Use of Ideas: Nationalizing the Interest in the Nineteenth Century 6. A Unifying Theory of Interests, Institutions and Ideas? Concluding Remarks References Index

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Book SynopsisThe relationship between public investment and regional economic development is of perennial interest and is particularly topical now as issues of infrastructure and innovation are high on policy agendas in many countries. Public investment is often viewed as a possible method for 'jump-starting' lagging regional economies and also as a requirement for the continued development of more prosperous regions.Public Investment and Regional Economic Development provides a systematic analysis of the complex relationship between public investment and regional economic development. The authors offer new insights into the key issues of regional growth, and present a broad variety of perspectives ranging from transport and housing infrastructure through to human capital and innovation.With contributions from leading regional scientists, and each themed section of the book prefaced with an editorial introduction to ensure coherence, this illuminating book is sure to offer policymakers new research insights into key issues of regional growth. Academics and researchers of urban and regional planning, geography and economic development will also find the book of great interest.Trade Review'Public Investment and Regional Economic Development is a very interesting and stimulating reading for policymakers and anyone doing research in this area.' -- Adelheid Holl, Environment and Planning C: Government and PlanningTable of ContentsContents: Part I: Modelling and Planning Part II: Innovation and Knowledge Creation Part III: Human Capital Part IV: Physical Infrastructure Index

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Book SynopsisFederal states are lively sources of data on the economics and politics of the public sector. In this rich collection of essays, some of which are previously unpublished, Stanley Winer makes use of these data from Canada, the United States and Australia to explore a variety of issues including: the political economy of intergovernmental grants, the evolution of tax structure, the re-assignment of fiscal powers among jurisdictions, the nature of special interest groups, fiscally-induced internal migration and macroeconomic policy. Other chapters exploit the unique Canadian experience with both fixed and flexible exchange rate regimes to test ideas about the macroeconomic consequences of subcentral fiscal policy in a small, open federal country, the role of the exchange rate mechanism in the international transmission of economic activity, and the relationship between monetary growth and political popularity. A concern with the integration of economics and politics is evident throughout this book, which will be essential reading for all economists and political scientists with an interest in the public sector.Trade Review'The volume will be of particular interest to economists and scholars interested in macroeconomic policy with a background in economics and/or public choice.' -- Thomas Saalfeld, Regional and Federal StudiesTable of ContentsContents: Introduction Part I: The Political Economy of Fiscal Federalism Part II: Interregional Migration and Public Policy Part III: Empirical Macroeconomics in a Small, Open Federal State Part IV: Political Economy in an Applied Equilibrium Setting Index

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