Search results for ""edward elgar publishing ltd""

European Integration and Local Government is an original comparative review of the impact of the European Union on local and regional governments throughout Europe.This book consists of ten country case studies which show how the EU has affected local government structures. These are supplemented by chapters which provide comparisons between various countries, consider multiple methodological and theoretical approaches to political integration, discuss nation-building, networks, organization development and analyse not only political integration, but the ability of the administration to implement EU policies. The contributors suggest that local governments have become legitimate players at the international scene, are gaining more power and autonomy in comparison to national governments and are strong promoters of integration through their bilateral and multilateral agreements and actions. They also argue that network and individual initiatives are playing an increasingly important role, even if structural features still determine the eligibility of EU funding. This book will be of interest to policy makers both in local government and at the European Union level, international organizations, and academics and students.

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Managing Public Debt combines a theoretical and empirical analysis of the advantages of issuing index-linked bonds and potential problems that may arise and how sovereign issuers should deal with them. International in its approach, this book will be especially welcomed in those countries where index-linked programmes are in operation or being discussed. It considers the experiences of the UK, Sweden and Italy, providing new insights which will be of special interest to economists and officials in the US Treasury who will shortly begin issuing index-linked bonds. Other issues discussed include the impact of index-linked bonds on the cost of public debt of sovereign issuers and the advantages of such bonds compared to conventional bonds; the market perspective on index-linked bonds in view of the European Monetary Union and alternative uses and strategic aspects of index-linked bonds.This important book will be invaluable to policymakers, government institutions, academics and postgraduate students as well as market practitioners.

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This four-volume collection contains a comprehensive selection of over 70 modern papers in empirical corporate finance. Empirical Corporate Finance also features a new introduction by the editor which explains the basis for the selection of the articles and relates the empirical findings they report to recent developments in corporate financial theory.The volumes are arranged by subject matter, reflecting the broad stages in the life-cycle of the firm, starting with venture capital and initial public offerings, and then moving on to events that characterize corporate maturity: dividend policy, investment policy, corporate governance issues, and financing strategy. The volumes conclude with sections on takeovers and bankruptcy.A major feature of the collection is its attention to the relation between corporate financial policy and the legal and economic framework within which the corporation operates; thus evidence is provided for the importance of asset resale markets as well as product markets for the capital structure decision; the legal framework is shown to be related to financing policies in different countries; and the existence of financial institutions such as banks and leasing companies is shown to have important consequences for financial policy. A pervasive theme of the volumes is the importance of informational asymmetries and agency relationships for understanding phenomena in corporate finance.Empirical Corporate Finance will serve as a reference for professionals and MBA students who are concerned with the evidence on important issues such as initial public offerings, dividend policy, capital structure. The volumes will also serve, both as an introduction to the techniques of investigation in empirical corporate finance, and to the major substantive findings in the field for doctoral students; finally, they will be an invaluable source of reference to the most important work that has been done in each of the major areas of research.

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This important new book deals with some of the most fundamental issues of transaction cost economics. It focuses on the analysis of the internal nature and characteristics of organizations and on the subtle interactions between institutional environment and governance structures over time.Transaction Cost Economics investigates the nature of contractual arrangements involved in large organizations, the 'configurations' of corporations, the modes of governance implemented, and the respective role of different constituencies. The second series of problems addressed in the book concerns the interaction between the institutional environment and governance structures over time, with special emphasis on the Russian privatization programme and the narcotics market. These twin analyses substantiate the distinction between private and public ordering. The book is strongly oriented towards increasing the operationalization of the concepts of transaction cost economics.The book will be essential reading for everyone interested in the new institutional economics and by recent developments in the theory of contracts, in transaction costs economics and in organisation theory. Because of its emphasis on potential applications, it will also be of interest to readers from management science and those involved in the analysis of economies in transition.

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This ambitious book presents a conceptual framework for an institutional approach to economic change and economic transformation. It sheds important light on two basic concepts: social complexity and interactive governance.The first part of the book develops the theoretical foundations for dealing with social complexity, economic governance and change. The second part describes the failures and successes of different forms of governance in different cultural and institutional contexts. A major theme in the book is the significance of social context and path-dependence in the management of economic change.The book will have particular appeal to economists and political scientists concerned with the political economy of economic change and the transition process.

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This important book develops an evolutionary conception of growth in East Asia, in which technology, organizations and institutions interact and co-evolve to advance productivity. Episodic crises are seen as disruptions which bring to the fore structural and institutional flaws that need reform.The author begins with a thorough analysis of the neo-classical theory of technical change and shows that it fails to capture crucial aspects of the various learning processes involved. He goes on to develop a comprehensive framework for understanding technological progress. Productivity growth is seen as deriving from knowledge hard-coded in equipment and structures, and soft-coded in human skill, organizations and institutions that guide economic activity. The role of exports in promoting faster growth is also examined, as are the channels of technological capability acquisition. This book will be welcomed by academics, policymakers, students, government bodies and business people interested in East Asian growth and in understanding technological change in general.

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Tax Policy provides a comprehensive collection of the most important and widely-cited articles on tax politics and policy. Essays by the leading political scientists, economists and lawyers in the field cover the key intellectual dilemmas and policy issues in the field of taxation.Topics covered include: the foundations of tax policy; an exploration of the public's attitude to taxes and taxation; the principles behind the making of tax policy; tax incentives and tax expenditure; the need for tax reform in the late 1980s and the form of these changes; and the relationship between internationalization and domestic tax policy choices

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Economics of Ecological Resources presents new or recently published work on ecological economies, sustainability, poverty, resource degradation and decision-making under uncertainty.The book explores the allocation of resources in jointly determined ecological-economic systems. An introductory chapter examines the work of other major contributors to the field of ecological economics and introduces Professor Perrings's work and the material in this volume. The first of three parts is concerned with the dynamics of joint systems and with the implications for the control and conservation of ecological resources. The second part focuses on the conditioning effect of the economic environment on private decisions in low income resource-dependent economies. The final part considers the way that decision makers handle the uncertainty that is an integral feature of the evolution of the ecological-economic system.Economics of Ecological Resources will be of interest to academics, researchers and students of ecological and environmental economics.

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Environmental Policy in Europe focuses on the creation of environmental policy, how new legislation is formed and the influence brought to bear by industrial interest groups. By addressing the nature of this consultation process between interested parties and public authorities, the authors show why public policy in the European Union is so different in practice from the prescriptions of academic scholarship. European environmental legislation results from a process of consultation and negotiation which is extensively explored in this volume by a distinguished group of authors. Focusing on such issues as pesticide registration, combustion emissions, the European waste management industry, recycling regulations and eco-auditing, they offer unique insights into the development of public policy. While the analysis focuses on the actual behaviour of firms and public authorities, the authors also discuss the involvement of firms within the regulation devising process - to determine whether their behaviour distorts the public interest - and the strategic use by firms of the regulatory process by firms leading to restrictions of competition.Scholars, students and policymakers will welcome Environmental Policy in Europe for seeking to enlarge the traditional perspective of environmental economics on public policy while integrating the recent advances of both the economics of regulation and industrial economics.

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The Social Challenge of Job Creation brings together a distinguished group of economists and sociologists to provide a broad, accessible and multidisciplinary assessment of job creation in Europe. This major volume discusses the role of labour market institutions and the nature of their interaction with other economic and social regulations. The European case is discussed in depth with a focus on issues such as the extent to which US labour market institutions can be adapted to European societies, and the problem of the long-term unemployed. Two chapters are explicitly devoted to Spain which constitutes a paramount example of the job creation failure in Europe. An introductory chapter summarizes the main conclusions of the book. Among other results, the authors highlight the importance of systemic and carefully balanced labour market reforms.The Social Challenge of Job Creation provides a rigorous yet accessible broad assessment of the policy alternatives which could lead to increased job creation in the European economy.

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This comprehensive book presents an original reconstruction of the different interpretations of the Phillips curve. The authors demonstrate through an in-depth analysis how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post Keynesian literature.In the first part of the book the authors focus on the origins of the Phillips curve and they critically analyse Richard Lipsey's interpretation and approach to the Phillips curve. They then explore the neoclassical and monetarist interpretation, paying special attention to the evolution of monetarism and the Keynesian critique of this approach. The Kaleckian, Keynesian and Marxist interpretations of the Phillips trade-off are then presented. Here the authors show how the relationship between inflation, unemployment and money described in these approaches accurately reflects the fundamental features of today's capitalist economies. In the final section a new Phillips curve is constructed, taking into account the non-accelerating inflation rate of unemployment and the hysteresis of it.Inflation, Unemployment and Money will be of interest to macroeconomists, post Keynesians and monetary and financial economists.

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Mark Blaug has with good reason been described as the most widely read economist of his generation. He has made important contributions to economic history, cultural economics, the history of economic thought, the methodology of economics and the economics of education.Not Only an Economist reflects the wide range of Professor Blaug's interests and includes new and recent work on Adam Smith, Hayek and Keynes and studies in methodology, as well as new contributions to the economics of education. These are supplemented by essays arguing the economic case for subsidies to the arts. The book concludes with a selection from the one hundred book reviews that he has written over the years.

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The crisis of environmental degradation has createcharemd an immense volume of literature which focuses on controlling environmental problems. Economic Rights and Environmental Wrongs goes one step further to extend and complement the current debates. Using property rights the book examines the causes and possible solutions to environmental and resource degradation. Written in a non-technical, reader-friendly style the book also offers: numerous examples and case studies an up-to-date list of world wide web sites relevant to the subject a detailed glossary of environmental and economic terms a guide to the literature at the end of every chapter Economic Rights and Environmental Wrongs is an essential supplementary text for undergraduates and postgraduates studying environmental and natural resource management, environmental studies, ecology, environmental science, environmental economics, agricultural economics and geography.

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Technology and innovation are fundamental to economic success and the struggle for markets in an increasingly competitive world. This book draws together the latest research in the fields of technology, innovation and competitiveness from some of the world's leading academics.International in its approach, this book considers a wide range of topics including the globalization of research and technology and the effect of this on the product cycle, financial domination in the global economy and its consequences for structural competitiveness. It also examines the impact of the pooling of technology and science in Europe on the environment for new entrepreneurial initiatives. Special emphasis is placed on the policy implications of recent developments in technology, industry and the economy. Technology, Innovation and Competitiveness will be of interest to policy analysts as well as academics and students of economics, management and business studies.

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Science and technology policy is widely recognized as a critically important sphere of state activity. This book presents an authoritative overview of comparative research on science and technology policy in order to illuminate the choices that confront decision makers in this field. With contributions from various disciplines including economics, political science, law and science and technology studies, the selection of articles reflects both traditional perspectives and those which challenge conventional assumptions. The book covers such topics as the relationship between science and the state, and comparisons of how different governments seek to support and regulate scientific research, technology, industrial innovation and global competitiveness. Finally it looks at how international influences can affect national policies.

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The collection covers the foundations of business cycle theory from the mid-nineteenth century through to the work immediately affected by the publication of Keynes's General Theory.With the revival of interest in real business cycles in the last ten years, these volumes provide a substantial selection of the intellectual achievements in this area developed by previous generations; any of such achievements were temporarily obscured by the success of Keynes's work.

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In Essays on Capital and Interest, Israel Kirzner offers a consistently ‘Austrian’perspective on the problems of capital and interest theory. In the three classic essays featured in this book, Professor Kirzner argues that an Austrian approach based on the pure time preference theory offers an attractive alternative to both the orthodox neoclassical and the heterodox Sraffian approaches to economics. The author takes a subjectivist point of view with all capital and interest phenomena traced to individual multi-period plans. Capital is seen, in this perspective, not as an objective mass of tools and equipment, but as the interim state in which inter-locking multi-period plans have manifested themselves at a particular point. This consistent subjectivism makes it possible to present the pure time (Fetter-Mises) preference theory of interest in understandable terms. Essays on Capital and Interest begins with an introduction by the author placing his life’s work in the context of twentieth century economics and the decline and revival of the Austrian school. This volume makes Professor Kirzner’s seminal work available to a wider audience in a major new edition. It will be welcomed by Austrian economists and all those concerned with capital and interest theory.

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Growth and Economic Development shows how the different theories of growth - from the classical to the endogenous growth and Schumpeterian theories - can be brought together to develop a satisfactory explanation of the varying rates of growth between countries.A concise survey of the many theories of growth and development, which provides a context for understanding how different models can co-exist, is followed by an exploration of how Solow's growth models assess the effects of technological progress. The author then enlarges Schumpeter's theory of economic development by using the theory of natural evolution and selection. Professor Lombardini uses a simple model to show how innovation can account for growth and an evolutionary model to determine conditions in which selection can produce growth. Both these models deal with the economy as a whole. In addition, a new method - computational economics - is used to develop useful generalizations about the roles of different factors for development.

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The economic demands of an ageing population, coupled with the crisis of public spending pose one of the greatest challenges to social policy in both the East and West. This book focuses on the political economy of pensions, particularly on the interaction between private and state provision. Enterprise and the Welfare State argues that there is more to welfare than simply provision by the state and so the focus of this book is on the welfare society rather than the welfare state. This requires a new system of statistical accounting and a different focus for case studies. A multidisciplinary approach is used to examine the design of the pensions system in nine countries with different institutional welfare mixes. Using a common conceptual framework, it compares and contrasts the goals and realities of the welfare systems in France, Germany, The Netherlands and Sweden, where strong occupational pensions are in operation, with the more modest welfare states in Japan, the United Kingdom and the United States. Each country case study provides a grounded analysis of the evolution of pension design and traces the impact of the policies on the economic well-being of the aged and the performance of the economy. It offers new data on the level of spending of enterprise based occupational pensions and examines the implications for redistribution resulting from changes in the design of state and occupational pensions. This book will be essential reading for academics, students and public policymakers interested in the economics of welfare, social policy and the future of pension provision.

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This major annual publication is an authoritative state-of-the-art survey of current issues in environmental and resource economics written by the leading academics in the field.The discipline of environmental and resource economics has undergone a rapid evolution over the past three decades with the early literature focusing mainly on valuation and the design of policy instruments to correct externalities and encourage optimal resource exploitation. In the past few years, the field has broadened its scope by making numerous links with other disciplines in economics as well as the natural and physical sciences. As a result there has been an explosion in the literature which has made it increasingly difficult to keep up with developments in the field.The aim of the Yearbook is to provide economists working in environmental and resource economics, as well as those who are interested in knowing more about the field, with a comprehensive overview of the main issues written by the leading international scholars.

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This important book - written by leading scholars in international business - critically reviews the activities of European and Pacific international firms. Transformations of markets and national economic systems associated with the activities of these corporations are posing many issues of adjustment and development, and are affecting decisions on long term investments in industrial capacity.The book provides a useful framework and source of reference for policy makers in government, international agencies and the private sector to address the challenges and opportunities that arise from corporate, regional and financial integration of the world economy.

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This volume presents an authoritative collection of the most significant papers on fiscal federalism and local finance. In addition to some classic papers, it offers clear and insightful presentations of conventional wisdom in the field as well as recent papers which illuminate important issues and point the way to ongoing research. Topics covered include federal tax structure and the division of fiscal functions among levels of government, the effect of local taxes on economic growth, the systems of governmental grants, income redistribution, the theory and practice of local finance and fiscal decentralization in developing countries and transitional economies.

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This seminal work advances beyond neoclassical economics to provide an integrated overview of economic decision making, and the management of bounded rationality and its evolutionary consequences.Clem Tisdell successfully combines recent developments in learning and game theory, transaction costs and evolutionary economics to provide new insights into economic and managerial phenomena. The results are applied to different levels of decision-making, including decisions by individuals, taking into account learning possibilities, decisions by groups and economic organizations including optimal communication within organizations. Bounded Rationality and Economic Evolution will be of particular use to economists, academics in management, business administration and public administration, and social scientists interested in group behaviour.

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Unemployment and the Economists addresses economic ideas, beliefs and arguments regarding the causes and possible cures of unemployment - a matter of recurring interest and concern for economists throughout history.An overview essay by Bernard Corry shows how the economic policy and theory has focused more on giving incentives for the unemployed to find work than on altering the structure of the demand for labour. Terry Peach writes about Ricardo's debates with Malthus on unemployment following the Napoleonic wars, while Jose Harris examines the phenomenon during the 1870 to 1914 period. The volume also includes work by George Peden on the interwar British Treasury's rejection of borrowing to counter unemployment and Alan Budd's paper on the theory and practice of unemployment policy since the second world war. The volume concludes with comments by Walter Eltis.Featuring some of the leading scholars currently writing on the history of economic thought and policy, Unemployment and the Economists will be welcomed as a substantial contribution to an on-going and highly pertinent economic, political and social debate.

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Advanced Principles in Environmental Policy clearly and systematically presents current developments in the economic theory of environmental policy. A key feature is the systematic exposition of the use of mathematical tools in environmental economics.Professor Xepapadeas builds on and extends the basic theoretical framework of environmental policy and pays special attention to the inter-relationships between environmental economics and other branches of economics. He considers dynamic investment theory, industrial organization, international economics and relaxes standard assumptions underlying his basic model. A key feature of this book is a systematic exposition of the use of mathematical tools in environmental economics. Important practical research topics in the theory of environmental policy are presented, including: emission taxes nonpoint source pollution transboundary pollution the link between international trade and environmental policy international environmental cooperation. Advanced Principles in Environmental Policy will provide stimulus for further research in the theory of environmental policy. It will prove essential reading for advanced undergraduate and graduate students in environmental economics as well as for professionals, researchers and policymakers seeking to understand the fundamentals of environmental policy.

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Hal Varian, in the course of a long and distinguished career, has made a seminal contribution to many branches of economics. His path-breaking work on the development of economic theory, finance, industrial organization and econometrics is represented in this important new collection of key articles published over the last twenty years. The book highlights Hal Varian’s influence upon equity, dynamics, price discrimination, economic incentives, revealed preference, econometrics, public goods and economic methodology. Many of the papers are not easily accessible through other sources and so this book will be an invaluable point of reference for scholars and graduate students.

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This important new dictionary - the first of its kind, now available in paperback - presents an accessible source of reference on the main concepts and techniques in econometrics. Featuring entries on all the major areas in theoretical econometrics, the dictionary will be used by students, both undergraduate and postgraduate, to aid their understanding of the subject. Sorted by alphabetical order, each entry is a short essay which is designed to present the essential points of a particular concept or technique and offer a concise guide to other relevant literature. Written in an accessible and discursive style, the book adopts non-technical language to make the topics accessible to those who need to know more about applied econometrics and the underlying econometric theory. It will be widely welcomed as an indispensable supplement to the standard textbook literature and will be particularly well suited to students following modular courses.An essential source of reference for both undergraduate and post graduate students, the dictionary will also be useful for professional economists seeking to keep abreast of the latest developments in econometrics.

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Can industrial, trade and competition policies complement one another? In this major volume, a distinguished group of researchers and policymakers systematically investigates the relationships between the microeconomic policies of competition, trade and industry within the European Union. After an introductory chapter contrasting the optimal mix of targets and instruments with the effective use and interaction of policies that can be observed in the real world, the book addresses the experience of the EU, its institutional framework and the evolving use of instruments. The convergence and divergence of economic prescription and application are revealed through an outstanding set of case studies which focus on the automobile, chemical fibre, steel, telecommunication and pharmaceutical industries. Competition, trade and industrial policies play a central role in the efficiency of any market economy and the rich European experience offers valuable lessons for economists, regulators and policy makers from both inside and outside the union.European Policies on Competition, Trade and Industry offers an authoritative discussion of policy making and enforcement in the EU. The strong combination of analysis with detailed case studies and overviews will ensure that this book will make a pioneering contribution to understanding the development of microeconomic policies in the Union.

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Keynes, Money and the Open Economy is the first of three volumes celebrating Paul Davidson's path-breaking achievements and his seminal role in the foundation and development of post Keynesian economics. The book presents state-of-the-art contributions by leading economists which draw on Davidson's pioneering work in the fields of macroeconomic and monetary theory and policy, employment and income distribution, history of economic thought, methodology and international economics.

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Labour migration is part of the process of human survival. In order to survive, individuals have to respond to changes in natural and institutional environments. The economic motivation and consequences of labour migration are the subject of this important new book.The Economics of Labour Migration places migration in a historical context, considers the economic impact of labour emigration and immigration, and examines the migration process in the European Union. The international group of contributors adopts an institutionalist perspective, allowing for the involvement of dynamic processes and human institutions. Their approach combines normative analysis with positive discussion of contemporary real world issues.Economists and policymakers will welcome the innovative approach of this volume which tackles a key economic issue which will have a profound influence on the development of the global economy.

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Putting Econometrics in its Place is an original and fascinating book, in which Peter Swann argues that econometrics has dominated applied economics for far too long and displaced other essential techniques. While Peter Swann is critical of the monopoly that econometrics currently holds in applied economics, the more important and positive contribution of the book is to propose a new direction and a new attitude to applied economics.The advance of econometrics from its early days has been a massive achievement, but it has also been problematic; practical results from the use of econometrics are often disappointing. The author argues that to get applied economics back on course economists must use a much wider variety of research techniques, and must once again learn to respect vernacular knowledge of the economy. This vernacular includes the knowledge gathered by ordinary people from their everyday interactions with markets. While vernacular knowledge is often unsystematic and informal, it offers insights that can never be found from formal analysis alone. As a serious, original and sometimes contentious book, its readership will be varied and international. Scholars throughout the many fields of economics - both skilled and unskilled in econometrics - are likely to be intrigued by the serious alternative approaches outlined within the book. It will also appeal to communities of economists outside economics departments in government, industry and business as well as business and management schools. Research centres for applied economics, policy research and innovation research, will also find it of interest due to its focus on getting reliable results rather than methodological orthodoxy for its own sake.

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Authoritative and contemporary research on the economic expansion of Southern China is collected in this major new volume which explores models and patterns of development in Guangdong, with particular emphasis on the differences across this economically vibrant region. Economic and Social Development in South China brings together research by a pioneering team of academic researchers and includes statistical data on the Pearl River Delta as well as analysis of the metropolitan development in Guangzhou municipal city, civil service reform and social policy in Shenzhen, Guangzhou's municipal leadership and the basic level elections in the region since 1979. Other issues discussed include foreign outward direct investment from Guangdong, the creation of effective environmental law, foreign investment in Guangdong and the emergence of private education in the Pearl River Delta.Southern China's creative approaches to the difficulties and problems encountered since reforms began in the 1970s is rigorously analysed and explored by scholars with exceptional access to local sources and data. Economic and Social Development in South China shows how the use of competing models of economic development encouraged by the authorities will influence and shape the future of the country as a whole.

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Models of sustainable development are increasingly used to address large scale environmental problems ensuring that responses to present day needs do not compromise the prospects of future generations.In this new book a wide range of approaches to modelling sustainable development is examined, including neoclassical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long-term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making.Researchers and graduate students in environmental economics will welcome this volume's rigorous approach to environmental sustainability as well as its consideration of a wide range of different modelling approaches and, in particular, the assumptions which sustain them.

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Central bank intervention in foreign currency markets is widely regarded as ineffective by economists, policy makers and financiers, yet many central banks continue to enter the market in periods of turbulence. In Foreign Exchange Intervention, Geert Almekinders explains why central banks continue to carry out foreign exchange interventions despite their poor track record.Using confidential daily intervention data from the Bundesbank and the Federal Reserve for the period 1985 to 1990, the author shows how both banks were unable, despite repeated attempts, to reverse unwanted currency movements successfully. Dr Almekinders develops a positive theory of intervention - drawing on game theory - to show how central banks which lack political independence are sometimes forced to engage in surprise interventions which are rendered ineffective by rational speculators who anticipate their moves. The author also makes extensive use of modern statistical models of exchange rates to examine the decision making process of central banks. The book includes comprehensive surveys of existing theoretical and empirical investigations of foreign exchange intervention.Foreign Exchange Intervention will be welcomed by academic researchers and students, as well as economists and analysts in the financial sector, for its comprehensive surveys of previous scholarship, the use of hitherto unavailable data from the Bundesbank and the Federal Reserve, and the policy conclusions which derive from the book’s theoretical and empirical insights.

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These three volumes include 46 articles which together provide a history of empirical evidence on growth. It consists of six parts dealing with pioneers in measuring growth, international comparisons of income, output and expenditure, growth accounting and productivity, convergence and divergence, agricultural development and industrialization, and capital and technical change. In the selection of articles there has been a strong emphasis on long run growth and on major scholars such as Abramovitz, Chenery, Clark, Crafts, Denison, Kendrick, Kravis, Kuznets and Maddison. They are intended to give a balanced representation of the main issues in each subfield, and to provide a reasonable account of the evolution of the empirical literature on growth.

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In Fiscal Policy and Social Welfare John Creedy examines alternative tax and transfer systems and their redistributive effects.Drawing on original research, this volume concentrates on modelling tax structures and their implications for social welfare and income distribution. After reviewing various inequality and tax progressivity measures, as well as social welfare functions, the discussion moves systematically from a framework with fixed labour supplies to one in which labour supplies respond to changes in the tax system. Attention is given to taxes in a multi-period context, including the treatment of pension schemes. Finally, the analysis is extended to a general equilibrium framework involving many individuals. Extensive use is made of numerical examples and diagrams.Researchers, students and policy makers will welcome this rigorous and consistent treatment of alternative tax and transfer systems and their effects on social welfare, income distribution and tax progressivity, in both partial and general equilibrium contexts.

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This book presents the most important published articles of Martin Shubik who has made a path-breaking contribution to game theory and political economy. The volume shows how game theory can be used to explore fundamental problems in economics, political science and operations research.The book opens with an introduction to the career of Martin Shubik and the influences which have shaped his research. In this, and the chapters which follow, Martin Shubik stresses the importance of formulative models as playable games and the treatment of information to describe decision making among individuals, using examples from industrial organization. He demonstrates that games are a fruitful way to extend our knowledge of competition among the few. In addition, he considers the importance of gaming in economics and business suggesting that experimental games can be used to illustrate problems and principles in multi-person decision making.This book will be welcomed by economists, game theorists, political scientists, and operations researchers.

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This important three volume set is a collection of Edgeworth's published writings in the areas of statistics and probability. There is a newly-emerging interest in probability theory as a basis for economic thought and this collection makes the writings of Edgeworth more accessible.A new introduction written by the editor covers the biographical details, a brief abstract of each of the articles and the basis of their selection is also included.

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This comprehensive four-volume collection of previously published papers sets out to examine the most important issues in the study of unemployment; its causes, consequences and policies designed to tackle the problem.The books present a wide range of different perspectives on the causes of unemployment including classical/neoclassical, radical, Keynesian and new Keynesian; the role of structural and technological change; the impact of international trade; political business cycles; the influence of institutions; empirical issues on unemployment differentials, including youth, immigrant and indigenous unemployment; economic and social costs/benefits of unemployment; and policies which have been, or could be, implemented to alleviate the problems of unemployment.The Economics of Unemployment will be an essential reference source for students, professional economists and policymakers concerned with the problem of unemployment.

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Market, State and Feminism offers an inter-disciplinary critique of the 'free market backlash' - the belief that free market economics can improve the position, status and well-being of women. The authors argue that, far from being restrictive and intrusive, state action can enhance the individual's ability to make responsible choices.This book questions the philosophical basis of free market feminism, challenging its masculine assumptions about rationality and individualism. The authors critically examine the theoretical validity of dichotomising the market versus the state and draw attention to the richness of the interdependence between markets and state institutions. Empirical and case study material is drawn from the UK, the European Union and the United States and illuminates the issues of equal employment opportunities and pay, girls' education performance, business attitudes to women, lobbying by women's groups and equal opportunities legislation.

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The process of transition from a centrally planned economy to one driven primarily by market forces has been a source of controversy and debate. Although the pace and approach has varied we are now beginning to understand some of the essential ingredients necessary for a successful transition.These changes have produced a tremendous quantity of literature which can make it difficult to grasp the most important issues. This book focuses on the key questions and problems facing the monetary and financial sectors of transitional economies, specifically in Hungary, Poland and the Czech Republic. It examines many of the reforms, why these proved necessary, and their impact in the early stages of transition. The authors focus on four main themes: the removal of state intervention and its effect on liquidity and the availability of credit the failure of credit markets and the implications for corporate finance< the role of property rights and the importance of bankruptcy in a well-functioning market economy effects of the separation of the central bank from commercial lending functions, and its consequences for the overall operation of monetary policy in a transitional economy. Money and Finance in the Transition to a Market Economy will be essential reading for those wishing to learn more about the financial and monetary implications of the transition to a market economy in the Central and Eastern European countries. It will be welcomed by graduates, academics, researchers and policymakers alike.

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This important volume contains research articles about international accounting issues related to the countries of the Americas and the Far East. The volume comprises of 22 articles, and is divided into five parts. The first part focuses on aspects of standard setting in certain countries, including Australia, Japan, the United States and China. The second part is about disclosure choices of companies. Studies of companies from Japan, Mexico and Taiwan are represented. The third part is concerned with comparisons with US GAAP, with special reference to comparisons between Japanese and US GAAP. Part four is about foreign currency translation by US multinationals, specifically issues related to SFAS No. 52. The final part is about geographic segment reporting by US multinationals.

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Does globalization mean a race to the bottom in social standards and the inevitable decay of the welfare state? Ramesh Mishra - a leading authority on social policy - examines the implications of globalization in respect of social policy and social standards in advanced industrial countries.Globalization is a form of international neo-liberalism supported by the United States, world markets and organizations such as the IMF and OECD, whose policies are becoming increasingly influential and are putting nation states under pressure to reduce social standards. In this book Ramesh Mishra considers the impact of globalization on full employment and the labour market, income distribution, taxation and social protection in developed capitalist countries. He argues that social standards have declined far more in English speaking countries than in continental Europe and Japan, and that globalization is as much a political and ideological phenomenon as it is economic. In conclusion, Professor Mishra argues the case for a transnational approach to social policy to ensure that social standards rise in line with economic growth.Globalization and the Welfare State is highly accessible and will be welcomed by students and scholars of social policy, social work, political science and sociology as well as by policymakers in international organizations and government.

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This major new book assesses the role and effectiveness of structural funds in financing the path to integration in the European Union and especially in tackling unemployment. Structural Funding and Employment in the European Union combines an interdisciplinary approach with coverage of all the structural funds including the European Regional Development Fund, the European Social Fund, the European Agricultural Guidance and Guarantee Fund (Guidance Section) and the Financial Instrument for Fisheries Guidance. Empirical evidence is presented for the effectiveness of these funds and their success in increasing economic growth in certain areas and employment in others. The book also covers the relationship of these funds with the European Coal and Steel Community, the European Investment Bank and the Cohesion Fund. Jeffrey Harrop argues that the deepening and widening of the EU requires a stronger regional policy to ensure more effective use of structural funds, yet this remains a contentious area for the EU, member states and regional or local authorities. The author's authoritative and detailed discussion of this key policy issue, as well as his extensive experience of regional and EU policies, will ensure this book's welcome among students, teachers and researchers of European integration.

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Money and credit are key themes of Allan H. Meltzer's ground-breaking work which is celebrated in this outstanding collection of his essays and papers. Money, Credit and Policy covers the demand for money, the relation of money to output, the role of credit and debt, regulation of financial institutions, the influence of uncertainty and macroeconomic policy. Focusing on the relations between money and credit, and in turn their relationship to output, prices and inflation, this volume includes Meltzer's early work on the demand for money - in which he suggested that the much-discussed instability of the demand for money arises from the use of Keynesian demand equations - as well as his recent contributions on trade, credit and intermediation. Among the many important papers featured in this volume, there is an analysis of why the Federal Reserve of the 1930s persisted in its deflationary policy stance for years, despite its effects, and a discussion of the limits of stabilization policy. The concluding section considers the effects of uncertainty and the reasons for the rise and fall of the dollar during the 1980s, reflecting Meltzer's continuing interest in practical policy issues.

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Cost-Benefit Analysis presents an authoritative collection of the most important published articles in the field together with an extensive new introduction by the editors. Whilst focusing on the practical side, looking at applications such as education, transportation and the value of life and health, this important volume also emphasises the essential role of economic theory, with sections on the economic costs of public funds, foreign exchange and labour. The result is an influential selection based on robust and fundamental theoretical propositions -- ones that are readily suitable for everyday applications. This timely volume provides a comprehensive synthesis of the current state of the theory and application of cost-benefit analysis. It draws from a wide range of journals to include the key articles which are the benchmarks in the development of the field. It will be invaluable to academics and practitioners alike.

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Financial Reporting by Multinationals is concerned with financial reporting issues resulting from the growth and spread of multinational corporations. The book consists of up to date readings from a broad range of international journals which look at, and evaluate, the financial accounting techniques adopted in different parts of the world for dealing with issues such as group accounting, segmental reporting, foreign currency translation and inflation accounting. It also includes articles concerned with financial reporting issues resulting from the globalization of world stock markets from a corporate, investor and stock market perspective. The final section considers issues for other users of multinational financial reports such as host governments and employees.

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The story of welfare politics in Britain has usually been told in terms of a simple shift from individualism to collectivism and ever increasing amounts of state intervention. The Voluntary Sector, the State and Social Work in Britain offers a different perspective which shows that Britain has always had a mixed economy of welfare with the voluntary sector playing a major role. This book traces the ideas and practice of one of the most influential voluntary organisations, the Charity Organisation Society, which became the Family Welfare Association in 1946. It examines the meaning of voluntary personal social service, which became social work, and the nature of the shifting balance in social provision between the voluntary and statutory sectors from the late nineteenth to the twentieth century.By taking a long view, this volume highlights the important shift in the meaning of 'partnership' between the state and voluntary sectors from the 'separate spheres' philosophy of the late nineteenth century to the more complementary, supplementary relationship of the mid-twentieth century, and finally to the pressure now being exerted on voluntary organisations to become alternative providers of social services. Through the history of the Family Welfare Association, the book traces the development of social work from voluntary work, which was seen as integral to ideas about social theory and social change, to professional practice which was forced to seek new relationships with the state and voluntary sector. As well as presenting a substantial history of a very significant charitable organisation, this important book analyses the nature of welfare provision over time and provides an in depth treatment of the development of principles and concepts relevant to current debates.

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