Search results for ""Edward Elgar""

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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Trade, Technology and Economics represents a careful selection of papers from some of the world’s most influential economists of today reflecting areas in which Richard Lipsey has made fundamental contributions.This important volume pays tribute to Richard Lipsey, who has established a major international reputation through his wide ranging contribution to economics. Focusing on certain aspects of his work, the issues explored within the volume include: the theory of second best; unemployment, inflation and the Phillips Curve; trade theory, customs unions and the growth of the global economy; strategic behaviour in an exchange economy; competition and strategic choice of technology to support collusive oligopoly equilibria and property rights and technology.This collection of outstanding papers, written by a distinguished group of scholars - including Mark Blaug, Richard G. Harris, Kelvin Lancaster, David Card, David Laidler, R.J. Wonnacott and Michael Parkin - reflects the high esteem in which Richard Lipsey is held.

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Natural Resource Economics brings together in one accessible volume an outstanding selection of Allen V. Kneese's papers, published over the past 26 years, and ranging widely over natural resource economics including basic theory, empirical issues and policy analysis.Beginning with a broad overview of the field of natural resource economics, the first part includes papers dealing with ethics and environmental economics, efforts to develop a sustainable economy and optimal organization arrangements for environmental management. The second part explores the history of benefit-cost analysis and Dr Kneese's work on water allocation in arid areas, including the trading of water rights and water pricing. The final part focuses on environmental economics and policy, including the classic essay 'Production, Consumption and Externalities'.Dr Kneese accompanies these papers with an authoritative introduction in which he briefly discusses his career and his role in the development of the now thriving field of environmental economics.

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How can economic policies be designed - and redesigned - to increase growth and reduce unemployment in developing, developed and transitional economies? In The State and the Economic Process, a distinguished group of economists provides - through a comparison of postwar economic performance and policies - sound analytical support and historical evidence in favour of vigorous market guiding policies. These include targeting strategic industries, carefully managing both market collusion and competition, promoting environmentally sound technical change, and managing foreign trade and investment. The papers featured in this volume address such issues as widespread unemployment in the OECD, the deep and protracted contraction in the transitional economies, and the large variety in growth performance in developing countries. The authors go beyond the usual advocacy of the market as the solution to most economic problems, while avoiding the stale controversy over 'market failure' versus 'government failure'.

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Central bank independence is a key issue for political and monetary authorities in many countries. In Institutions and Monetary Policy, Eric Schaling looks at the impact of different central banks on price stability and macroeconomic performance, and their optimal degree of legislative independence.After introducing and surveying the rules versus discretion debate in monetary policy, Eric Schaling then investigates the relationship between domestic monetary institutions and macroeconomic performance. The author compares central bank independence in twelve industrial countries - Australia, Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, the United States, Sweden and Switzerland - and prepares an index of his results. The relationship between central bank independence, inflation and output growth is extensively discussed and a series of propositions tested for the same set of countries over the period from 1972 to 1991. Normative issues are investigated in the later part of the book including the optimal degree of central bank independence in relation to, first, the inflation rate and, second, wage formation in a totally unionized economy.Institutions and Monetary Policy will be welcomed by scholars and policymakers concerned with the increasingly important role of institutions in monetary policy and the relation between degrees of central bank independence and political and economic outcomes.

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In this enlightening book, John Berdell addresses the widely-held belief that classical economics distanced itself from policy issues and public debates regarding the effects of international trade on economic growth in advanced economies. He argues, through a detailed consideration of the evolution and structure of Hume's, Smith's, Ricardo's and Malthus' analyses, that it is not only contemporary international economic theory which takes account of these issues.Berdell uses a series of non-linear dynamic models to illustrate and analyse important aspects of each author's discussion of the interactions between trade and growth. The findings are then extended to create a comparison of the classical models with recent empirical research in this area. Berdell suggests that John Stuart Mill's plan to synthesise and extend Hume's, Smith's and Ricardo's analysis of commercial society was rendered intractable by the limitations of Hume's associationalist psychology.This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade.

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This major new three volume reference collection includes both classic and contemporary papers and covers the main issues of stratification -- status, class, occupation, gender, race and ethnicity. Each article represents a distinctive theoretical contribution which sets research agendas in its area. Together, the volumes offer a comprehensive treatment of issues which lie at the heart of social stratification and the modern discipline of sociology.John Holmwood’s selection includes papers covering over 150 years of research which address the changing character of modern society as well as the relationships between issues of employment, welfare, household and the state.

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This important book provides an exhaustive analysis of the strategic responses of transnational firms to current trends in the world economy, specifically the trends towards 'globalization' and 'regionalization'. The primary focus of this book is on the strategy of transnational firms, particularly those from East Asia, in the geographical regions of Europe, North America and Asia, including the European Union, the North American Free Trade Agreement and the ASEAN Free Trade Area. The contributors discuss protectionism and trade agreements, strategic alliances, competitiveness and investment strategy towards Eastern European states and compare business strategies in the triad region. The distinguished contributors are from industry, academia and international organizations and have first-rate, detailed knowledge of the issues raised. Their approach is policy-oriented and they use case studies of Toshiba, Toyota, Samsung and the Notebook PC Consortium to illustrate the investment strategies of East Asian firms. This book will offer insights to scholars and students seeking to understand East Asian and European firms, the topics of globalisation and regionalisation. It will also appeal to policymakers wishing to influence and understand the strategies of transnational firms.

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Estimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years, dealing with the theory and practice of non-market valuation for environmental resources. Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost, recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods. These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontiers of current research in the area.This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation.

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The integration of international capital markets, propelled by the information technology revolution and the creation of a variety of new financial instruments, is central to the major economic changes taking place throughout the world. This key issue in global finance is theoretically and empirically addressed in this major new book. Haluk Akdogan’s innovative study uses asset pricing theories to test the status of international capital market integration. This book differs fundamentally from other studies of integration in two respects. First, it is based entirely upon financial theory rather than the pure theory of international trade, and second, it develops several different empirical models of capital market integration. These models are empirically tested using the modern capital asset pricing approach and drawing on data taken from 26 stock markets all over the world. Addressing an issue of great public and scholarly interest, The Integration of International Capital Markets will be welcomed as a comprehensive and authoritative financial-theoretical examination of capital market integration. Advanced students and academic researchers in international trade, international economics and finance, as well as international portfolio managers and finance professionals, will find much here to stimulate and interest them.

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This is the first of three volumes containing published and unpublished economic papers of Orley Ashenfelter written between 1966 and 1995. A complete and cross-referenced chronological list of all the works featured in this set is included. The volumes begin with an interview in which Professor Ashenfelter covers highlights of his professional life, a discussion of many of the essays and papers featured in these volumes, and his reflections on the development of economics over the course of his long and distinguished career. Education, Training and Discrimination and Economic Institutions and the Demand and Supply of Labor are the companion volumes to Employment, Labor Unions and Wages, which together provide a distinguished collection of Ashenfelter’s essays.

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In Explaining Economic Growth David Lim presents a new analytical framework for explaining the different growth performances of developing countries.Drawing on the growth experience of the newly industrializing economies of East Asia, the author begins his analysis by identifying the sources of output growth and the factors behind them. Recognizing that no one explanation of economic growth is entirely satisfactory, Professor Lim's analysis enables the strengths of existing explanations to be highlighted and used in the construction of more convincing hypothesis of economic growth. An operational framework for identifying the policies needed to produce greater economic growth is also developed.Explaining Economic Growth presents the large and often unstructured development literature within a systematic framework allowing for a series of policy-oriented conclusions. Accessible and yet rigorous, this major new book will be widely used by students, researchers and policy makers concerned with economic growth and development.

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This major new reference work includes a selection of the most important articles and papers on urban economic theory published during the last twenty years.Analytical Urban Economics focuses on a branch of urban economic theory that attempts to analyze economic behaviour in cities by referring to geographical space rather than dealing with a spaceless world. The contributing authors to this volume are drawn from some of the most prominent urban economists in the world and from leading economic journals, especially those focusing on urban economics.This volume, with a new introduction written by the editors, is divided into ten sections including ‘The Distribution of Income and Utility over Space’, ‘Dynamics’ and ‘Alternatives to Monocentric Models’.This book will be an essential reference text for urban economists and will be important background reading for graduate courses on urban economics.

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Thomas Hobbes (1588-1679) is best known for his development of the concept of sovereignty, which was treated most clearly in his great work, Leviathan. Whilst Hobbes was not the first theorist of sovereignty, he remains perhaps the most thorough exponent of the concept. His accounts of morality and religion, as well as of government, are set out in a way that precludes legitimate challenge to the sovereign's authority: and the soovereign, whether monarchical or republican or parliamentary, was taken by Hobbes to be fundamental to civil life.Much of the literature on Hobbes has been devoted to his work on sovereignty. However, this does not exhaust the interest of Hobbes' thought, and recent scholars have also investigated such topics as his conception of historiography, his natural philosophy and his account of religion, and considered how these relate to his political thought. The articles selected in these three volumes reflect these concerns and offer an exploration of Hobbes' political philosophy.

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Thomas More (1478-1535), English statesman, author and saint, was a lawyer, politician and diplomat, a leading member of the Renaissance of northern Europe and a defender of the Roman Catholic faith. In the history of political thought More is remembered as the author of Utopia, a little book which gave rise to a genre of literature and a name for a mode of theorising, which explicitly criticises existing political and social arrangements from a radical perspective and also offers new ideals and illustrates how these might be realised in an imaginery society. For over four hundred years the meaning of More's Utopia has confounded scholars. Many of the ideas advanced in the book, e.g. on rational religion and religious toleration, seem to be at odds with the events of More's political career and his practical religious position. Moreover there is much disagreement about the meaning and importance of the substantial satiric elements it contains. This collection contains a great variety of authoritative articles which not only investigate More's life and the influences on his work, but also offer the reader a selection of the various interpretations and comparisons of his writings that scholars have made in the course of this century.

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The work of Niccolo Machiavelli (1469-1527) has a variety of meanings for different interpreters. Some attribute to him a new 'scientific method' of drawing conclusions from practical or historical experience in order to form rules for successful political behaviour, with its emphasis on man's behavioural patterns rather than on moral precepts as a basis for politics. Others attribute to him a belief in the autonomy of the state - that the state is a structure governed by its own laws of development and that it finds its justification only in terms of its success. Others again emphasise his republicanism and see him as a theorist of the modern state. [Some believe his first name is the proper basis of an appellation of the Devil.]Although a lucid writer in many respects, the metaphorical way in which Machiavelli expressed some of his key concepts and his preference for working through examples rather that elaborating principles has given much scope for debate about his actual intentions. These volumes present in chronological order the most significant articles on Machiavelli written in the 20th century and offer a representative selection of the numerous interpretations of his work.

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Thomas Aquinas (1224-74) was born in Naples of a powerful Italian family. He took part in the major philosophical and theological controversies of his day and fought the decisive battle which re-admitted the study of the works of Aristotle.In his work he attempted to harmonise the rational insights of the classical world with revealed Christian truths. [He reinterpreted the Augustinian view of history and politics by concluding that the state did have positive value in itself, as an expression of God's providence and will for mankind. Man fulfilled himself in two ways - as a good citizen and as a Christian seeking salvation. Aquinas is therefore seen as reconciling the views of the pagan Aristotle with the teachings of Christianity.] Aquinas' theory of the state helped to put European political thought on a new plane.This wide-ranging collection of papers investigates and illuminates various aspects of Aquinas’ thought regarding Church and State, society, natural law, justice and political authority.

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Following German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and enable eastern Germany to catch-up with western Germany's productivity and living standards. This book evaluates the main events and their outcomes since mid-1990 and the associated policy issues. The authors assess the medium to long term growth prospects of eastern Germany and the wider implications for western Germany and Europe.The Economics of German Unification analyses the economic process of assimilating eastern Germany into the institutions and performance levels of western Germany. It includes original research as well as providing an overview of existing literature. Among the topics discussed are: the relative backwardness of East Germany's economy the impact of monetary and economic integration restructuring and privatization <>li>labour market and industrial policy, including an analysis of wage restraint and cost reduction the prospects for eastern Germany catching-up economically with western Germany the repercussions for German competitiveness nationally and within the wider European context This book will be welcomed by academics, researchers and undergraduates interested in the economics of transition, comparative economic systems, political economy and the European business environment.

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This major new book reassesses the liberal political tradition in the light of recent intellectual and political developments.Featuring work by leading analysts of liberal thought, this volume examines the links between modern liberalism and earlier liberal variants, addresses contemporary challenges to liberalism, and considers prospects for the future. Anthony Arblaster, Norman Barry, Rodney Barker, Richard Bellamy, Michael Freeden, Elizabeth Frazer, Richard Flathan, Andrew Vincent and Hans Vorlander offer both analytical and historical approaches to understanding liberal thought. Engaging with topical questions and controversies, the authors cover issues including the structure of liberal argument, varieties of liberalism, economic liberalism, liberal constitutionalism, liberalism and feminism, liberalism and postmodernism, and the future of liberal political thought.The Liberal Political Tradition will be of great interest to students and researchers concerned with historical ideas, political ideologies and contemporary political philosophy.

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Productivity Change, Public Goods and Transaction Costs presents in one definitive volume a selection of Yoram Barzel’s acclaimed articles and papers. It will improve access to his many important contributions and reveals how his research interests have evolved over more than three decades.Focusing upon issues in microeconomics, this volume features pathbreaking articles and papers on production functions and productivity, optimal timing, labour, public choice, industrial organization, demand analysis, and property rights and transaction costs. Key contributions featured in this collection include ‘Some Observations on the Index Number Problem’, ‘An Alternative Approach to the Analysis of Taxation’, ‘An Economic Analysis of Slavery’ and ‘Measurement Cost and the Organization of Markets’. As an introduction to this volume, Professor Barzel has prepared an autobiographical sketch in which he discusses his education, the development of his ideas and influences such as Don Patinkin, Douglass North and Aaron Director.

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This important book goes beyond generalizations and takes a hard-headed look at the real strengths and weaknesses of Keynesian demand management and supply side economics.Keynesianism has failed to reconcile high levels of competitiveness with full employment. This was confirmed in the 1980s by the performance of the UK, the US and West Germany. Sweeping de-regulation has not proved to be an adequate solution.The book shows how effective supply conditions could supplement Keynesian demand management to achieve sustainable levels of high employment. The measures advocated include a system of industrial relations which allows high wages and job security in return for acceptance of a high pace of technological and organizational change; the promotion of skill development as well as intra-firm training programmes; the formation and encouragement of co-operation between different regions. It is argued that the supportive institutions, coupled with effective demand policies would succeed in marrying high employment with internationally competitive production.

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This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time.Drawing on the foundations of Marxist and institutional political economy, the book traces the lineages of institutional themes, as well as considering feminist, post-Keynesian, holistic economics and Schumpeterian perspectives. The nature of institutions in the growth and instability of capitalism is then explored with reference to social structures of accumulation. Particular reference is given to the world economy, the family, the Keynesian welfare state and neo-liberalism, Fordism, the flexible mode of accumulation, and financial regulation and deregulation. The author concludes, using institutional-evolutionary themes of political economy, that the evolution of modern capitalism is likely to be unstable as we move into the next century.

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Management and Industry in Russia is a major examination of production relations in Russian industry during the transition process. Using a series of authoritative and thorough case studies, the authors focus on the gap between formal and informal relations in the work place, a key feature of traditional Soviet industrial production.Focusing on four contrasting regions in Russia - Moscow, Samara, Kuzbass and the Komi Republic - an experienced group of researchers has used a wide range of qualitative and ethnographical research methods to explore production relations in the Soviet enterprise. The research is based on a series of longitudinal case studies of between two and four enterprises in each region. The economic, social and political developments in each region have also been monitored. Each of the papers in this collection focuses on one aspect of life in a post-Soviet enterprise which it places in the context of the interaction of formal and informal relations in production. The areas discussed include the Soviet system of production, attitudes to work, the specificity of Soviet production, paternalism in state management, the role of women, the role of middle management and the continuing importance of the plan and pay systems.

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This major work provides an assessment of Adolf Lowe's work and explores areas for future research in relation to his important contribution to economics, in particular his belief that economics is inseparable from social inquiry.The book opens with an overall evaluation of Lowe as a perceptive historical, political and sociological observer, presented through a number of personal recollections by Robert Heilbroner, Claus-Dieter Krohn and Marion Countess Donhoff. They analyse Lowe's intellectual and socio-political development during the Weimar Republic and how this period influenced some of his later works. The second part assesses Lowe's major contribution to the development of business cycle theory, and the roots of his analysis of structural and economic change. The book also examines Lowe's pioneering work in the field of traverse analysis. It concludes with a discussion of Lowe as 'economic philosopher' and his concern with the extent to which contemporary Western societies can balance the conflict between freedom and order.

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Environmental Problems in the Shortage Economy is one of the first books to analyse environmental disruption under the Soviet economic system. Using original Soviet data the author shows that considerable damage has been done to the environment and that measures which were intended to protect it have been largely ineffective.A detailed account of environmental problems in the Soviet economy is followed by discussion of two specific problems: the ineffectiveness of measures to protect the environment and the general mismanagement of natural resource extraction. In order to explain these problems, a framework is adopted which views the former Soviet Union as a shortage economy with environmental problems as part of its general functioning. Further insight into the impact of the shortage economy on the management of natural resources is provided by a case study on the use of forestry resources. The book also includes an account of Soviet academic work in the field of environmental economics.This rigorous and authoritative assessment of the implications of Soviet environmental policy will be welcomed by environmental economists and political scientists concerned with the wider legacy of the Soviet Union and its economic policy.

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Economics and Biology is a collection of key essays on the relationship between economics and biology. As the limitations of the mechanistic metaphor in economics are increasingly recognized, this volume explores the potential for the use of evolutionary and other ideas from the science of biology. Topics covered include evaluations of mechanistic and biological analogies in economics in the Darwinian revolution, the use of biology in Alfred Marshall's economics, the concepts of optimisation and rationality in an evolutionary context and the inspirations that biology may offer for modern economics.

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The post-war growth of the East Asian economies is an unprecedented achievement in world economic history. The newly-industrializing countries of Hong Kong, the Republic of Korea, Singapore and Taiwan were first to emulate Japan's economic success; more recently, the People's Republic of China and several Southeast Asian countries have experienced extremely high rates of economic growth and rapid industrial transformation.This comprehensive six volume set brings together the best work published on the political economy of the East Asia region, including studies of Japan, Korea, Taiwan, China, Hong Kong, Singapore, Indonesia, Malaysia, Thailand and the Philippines. The collections will be welcomed by specialists in Asian studies, comparative politics, international political economy and economics.The series can be purchased either by title - each of which consists of two volumes - or as a complete six volume set.JAPANJapan's economic transformation in the postwar period occurred at an historically unprecedented pace. Rapid urbanization accompanied economic growth and brought major changes in the social and political systems.These authoritative volumes analyse the factors behind Japan's economic success and the consequences that it has had both for Japan's political system and for Japan's role in the global economy.Volume I focuses on the process of policy making in Japan, especially on the issue of the relative importance of the bureaucracy and its relations with other key actors. The second part of the volume contains the most important contributions to the debate on whether industrial policy was the principal reason for Japan's economic success.Volume II contains sections on industrial culture and organization that examine Japanese corporate systems, the role of flexible production, the unique nature of Japanese society and the advantages and drawbacks of Japan's industrial groupings, as well as the regulatory framework under which Japan's firms operate. The final readings focus on the question of whether Japan's trading pattern is abnormal for an economy of its level of development and natural resources, and how this pattern will evolve in the future.CHINA, KOREA AND TAIWANThis two volume set focuses on the political economy of Korea, Taiwan, China and Hong Kong four of the most rapidly growing countries in the contemporary world economy.The first chapters in this collection are comparative studies of the political economy of the newly-industrializing countries in general; these construct an East Asian 'model' as a tool for comparative analysis. Later comparative work reproduced in the first volume focuses specifically on Korea and Taiwan and is concerned with explaining the different evolution of state-society relations in these two countries. Among the subjects included are economic adjustment, financial systems, agriculture, trading companies, and policies on foreign direct investment and trade.The second part of Volume II consists of papers on the political economy of China since beginnings of the economic liberalization process in 1978. Besides reviewing the achievements of China in this period, the chapters discuss the continuing contradictions of market liberalization under the auspices of the Chinese Communist Party. The final papers in Volume II review the political economy of Hong Kong, how its economy has been shaped by government policies, and the increasing importance of economic links with mainland China.SINGAPORE, INDONESIA, MALAYSIA, THE PHILIPPINES AND THAILANDThis two volume set focuses on the political economy of five of the member states of ASEAN, the Association of Southeast Asian Nations.The readings document how Singapore has enjoyed consistently high rates of growth since the mid-1960s thanks to a mixture of liberal trade policies and judicious government intervention. By the early 1990s it per capita income had surpassed that of many Western European countries.Singapore was the only Southeast Asian country to be included in the original list of newly industrializing countries. In the decade after the mid-1980s, Indonesia, Malaysia and Thailand also all enjoyed very high rates of economic growth. Their recent success reflects the benefits, first, of policy reform that has reduced economic distortions and, second, of high levels of foreign direct investment from Northeast Asia. The readings identify some of the continuing struggles between proponents of liberalization and advocates of protectionism who have benefited from the patrimonial politics characteristic of these three countries.The reading on the fifth country in this volume, the Philippines, analyse how the country's development has been held back by the 'crony capitalism' of the Marcos years and by the failure to introduce measures that would reduce the power of the traditional landed elites.

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Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to the classical competitive paradigm in which agents are assumed to behave as price takers, here traders are allowed to consciously behave as strategic agents who aim to influence trade to their own advantage. This is usually done in oligopoly theory using a partial equilibrium approach while in this case a system of interrelated markets is considered. Primarily, the book discusses the game-theoretic concept of core and the relationship between core and the set of price allocations in economies embodying significant traders is explored. The author goes on to adopt a non-cooperative approach building on the concept of Nash equilibrium.Strategic Multilateral Exchange will be welcomed by academics, advanced research scholars and doctoral students with an interest in economic theory, microeconomic theory and general equilibrium. It will also appeal to mathematical economists with an orientation in mathematical economics and game theory.

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Japan's emergence as a modern state in the middle of the nineteenth century was a unique socio-political event. The accompanying economic development - achieved without tariff autonomy and with practically no injection of foreign capital - was certainly no less remarkable. A major portion of this important volume discusses how this transformation was accomplished.This important book presents a unique insight into the institutional development of capitalism in Japan through a series of Shigeto Tsuru's papers, some of which are published here for the first time. The volume also includes a critical appraisal of Japan's economy during her invasion of China, discussion of general historical trends in capitalism and an assessment of the present, and future, economic problems of Japan. The Economic Development of Modern Japan will be welcomed by scholars and students with an interest in Japan's economic development and her present and future role in the world. Economic Theory and Capitalist Society, the first volume of Shigeto Tsuru's essays, is also available.

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Ronald Coase, the 1991 Nobel laureate in Economics, has had a profound impact on the way that economists and others view both the firm and the relationship between the legal and economic systems. This authoritative collection brings together the diverse body of literature that reflects Ronald Coase's influence on economic analysis from his early work on the theory of the firm and transaction costs to Coase's theorem and the development of the field of law and economics. The Legacy of Ronald Coase in Economic Analysis features the two seminal articles by Coase which have changed the way economists think about their subject -'The Nature of the Firm' and 'The Problem of Social Cost' - along with a group of the most important articles that have extended and built upon his work. These include contributions by James M. Buchanan, Benjamin Klein, Douglass C. North, Richard A. Posner and Oliver E. Williamson, as well as a specially-prepared, introduction to Coase's work and a comprehensive bibliography of Coase's writings.

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Covering Robert Clower’s writings over four decades, this collection brings together important papers that have not been reprinted in any other similar volume and recent material on economic method and theoretical foundations. Issues discussed include the doctrine and methodology of economics, price determination, oligopoly theory and Keynesian economics, as well as some of Professor Clower’s substantial reviews of the work of other scholars. Above all, they offer an instructive ‘history’ of one scholar’s attempt to enhance scientific understanding of observed economic phenomena during the last half century. The volume concludes with a complete listing of Professor Clower’s publications.

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At the end of the twentieth century with the increased flows of capital, ideas, commodities and peoples, migration - a central concern of early sociology - has again assumed global significance.The Sociology of Migration is a collection of over 15 articles covering such themes as the peculiarity of migrant labour, the dynamics of international labour migration, women migrants, enclaves and labour markets, the effects of remittances and return migration to the country of origin, migration and the social structure, refugees and displaced persons, the brain drain, migration in Asia and the effects of migration on the state-system.This substantial, skilfully edited volume addresses a difficult and complex area that cannot easily be studied through one textbook. This collection present - in one accessible volume - the articles and papers required to form a clear understanding of the area ensuring it will be widely used by sociologists and migration scholars.

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Trade, Markets and Welfare brings together a selection of Kelvin Lancaster's seminal work on trade under monopolistic competition and oligopoly with differentiated products, as well as recent extensions to the analysis of markets in which the characteristics of products can be varied freely. Professor Lancaster argues that protection can sometimes improve world welfare, that there can be mutual trade gains between absolutely identical economies, and that entries of an additional firm may sometimes increase industry profits. The selection also includes some of Professor Lancaster's earlier works on trade and papers on several topics related to the theory of economic policy, including second best theory, wages policy, and a simple dynamic game model of capitalist growth.Trade, Markets and Welfare complements the first volume of Kelvin J. Lancaster's selected essays - Modern Consumer Theory - by expanding applications of consumer choice theory into new areas.

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Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the transition from socialism to a market economy. In several of the papers, Leijonhufvud brings a neo-institutionalist perspective to the problems of coordination in economic systems.The papers within Macroeconomic Instability and Coordination some of them already considered classics, deal with the questions that dominated Leijonhufvud's interest throughout his career as an economist: what are the limits to an economy's capacity to coordinate the activities of its members? How does the behavior of the system change under extreme conditions? In what ways does its performance depend upon the institutions that govern the market process? This book presents in one volume several of Axel Leijonhufvud's most important contributions to macroeconomic theory and monetary economics. It will be invaluable to monetary and financial economists as well as to historians of economic thought.

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Methodology, Money and the Firm brings together Denis O'Brien's most important essays on issues ranging from methodology to competition policy but is primarily focused on the history of economic thought, an area in which he has made a notable contribution. This two volume set begins with Professor O'Brien's work on methodology and includes essays which take their approaches from the history and philosophy of science as applied to economics, and from the role of theory and data in economics. Industrial problems are addressed in the next section, focusing particularly on competition policy but also covering the question of patents and the neglected contributions of Alfred Marshall in the field of industrial economics. Marshall's achievements are also a theme of the third section which deals with the treatment of the firm by economists. Later sections include discussions of money and trade, the history of English economics from Petty to the end of the classical era, and English and Austrian economics after 1870 with essays on Marshall, Robbins and Hayek. The book also includes a specially written introduction in which Professor O'Brien explains the influences behind his work.

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As the first comprehensive treatment of Classical economics from a modern Austrian perspective, this important history of nineteenth century economic thought discusses the key members of each school and reassesses their work. Professor Rothbard's approach offers new perspectives on both Ricardo and Say and their followers. The author suggests that Ricardianism declined after 1820 and was only revived with the work of John Stuart Mill. The book also resurrects the important Anglo-Irish school of thought at Trinity College, Dublin under Archbishop Richard Whately. Later chapters focus on the roots of Karl Marx and the nature of his doctrines, and laissez-faire thought in France including the work of Frederic Bastiat. Also included is a comprehensive treatment of the bullionist versus anti-bullionist and the Currency versus banking School controversies in the first half of the nineteenth century, and their influence outside Great Britain.Tracing economic thought from Smith to Marx, this book is notable for its inclusion of all the important figures in each school of thought and for assessing their theories in religious, political, philosophical and historical context. Economic Thought before Adam Smith, the first volume of Professor Rothbard's history of economic thought from an Austrian perspective, is also available.

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This is the first extensive treatment from a modern Austrian perspective of the history of economic thought up to Adam Smith and as such takes into account the profound influence of religious, social and political thought upon economics. In Economic Thought before Adam Smith, Murray Rothbard contends that laissez-faire liberalism and economic thought itself began with the Catholic scholastics and early Roman and canon law, rather than with Adam Smith. The scholastics, he argues, established and developed the subjective utility and scarcity theory of value, as well as the theory that prices, or the value of money, depend on its supply and demand. This continental, or 'pre-Austrian' tradition, was destroyed, rather than developed, by Adam Smith whose strong Calvinist tendencies towards glorifying labour, toil and thrift is contrasted with the emphasis in Scholastic economic thought towards labour in the service of consumption.Tracing economic thought from the Greeks to the Scottish Enlightenment, this book is notable for its inclusion of all the important figures in each school of thought with their theories assessed in historical context. Classical Economics, the second volume of Professor Rothbard's history of economic thought from an Austrian perspective, is also available.

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This reference collection brings together major papers and essays on long wave or Kondratieff cycles.Edited by Christopher Freeman, Long Wave Theory includes both early contributions and work deriving from the revival of interest in the 1970s and 1980s. This authoritative volume reproduces key papers on the connection between innovation and long wave theory, the statistical debate about long wave theory and recent work on its use as a forecasting tool. It includes the first ever English translation of Van Gelderen's classic paper.As well as Van Gelderen's pioneering 1913 article - translated and introduced by Bart Verspagen - this collection features the major contributions to the contemporary debate drawn from a wide range of journals and publications. Authors whose work is reproduced in this volume include Jan Tinbergen, Andrew Tylecote, Nathan Rosenberg, Ernest Mandel and Helga Nowotny.

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Although what has come to be known as transaction cost economics has its origins in the 1930s, it was not until the 1970s that transaction cost economics as a systematic and identifiable field of study began. Since then, numerous theoretical developments and empirical applications have expanded and enriched the field. Recognition of its contributions to our understanding of organizations and institutions includes two Nobel laureates, Ronald Coase in 1991 and Oliver Williamson in 2009. This is an important selection of key articles on transaction cost economics by distinguished scholars including Ronald Coase, Herbert Simon, Kenneth Arrow and Richard A. Posner. This research review addresses key areas such as private ordering and credibility, contracts and organization, internal organization, vertical integration and contracting.

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Do public goods and services, such as streets, parks and dams have to be provided by government? In Public Goods and Private Communities, Fred Foldvary's innovative application of public choice and spatial theory to questions of urban economics and governance shows how collective goods can be provided by agents in a market process.Rejecting the market-failure hypothesis, Dr Foldvary argues that an entrepreneur can provide collective goods by consensual community agreements. Instead of focusing particular services, as previous studies have done, this book concerns itself with entire private communities. A series of case studies demonstrates how real world communities, such as Walt Disney World, the Reston Association in Virginia and the private neighbourhoods of St Louis, are in fact financing their own public goods and services in accordance with this theory. For such communities to rise and prosper, the author contends, government must eliminate restrictions such as zoning as well as the taxation of private services. After considering the implications of his work for urban economies - at a time when many of America's cities are plagued by decay, violence and poverty - Dr Foldvary argues that prosperity can be restored to cities if private communities are allowed to develop. As an original response to an urgent, contemporary problem this well-written book will be welcomed by social scientists, policy makers and business leaders seeking solutions to problems of urban decay.

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For governments to be successful in achieving their objectives, they need to select the correct policy instruments. This volume addresses the role of policy instruments in achieving policy objectives.Policy Evaluation provides a systematic assessment of the impact that public policy evaluations have on the governance of democratic societies. This book emphasises the impacts of policy evaluations on the formulation, implementation and accountability functions of governments. At all three phases of the policy cycle, there is a need for coherent and systematic evaluation. This book demonstrates how such evaluations can be conducted and the opportunities for their subsequent utilization.

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Regional integration, mass migration and the development of transnational organizations are just some of the factors challenging the traditional definitions of citizenship. In this important new book, Rainer Baubock argues that citizenship rights will have to extend beyond nationality and state territory if liberal democracies are to remain true to their own principles of inclusive membership and equal basic rights. In Transnational Citizenship theoretical discussion of the definition and extension of citizenship rights is combined with comparative policy analysis on rules of naturalization and expatriation in liberal democratic states. An important distinction is drawn between nominal citizenship, which refers to the legal status of membership, and substantial citizenship, which concerns the distribution of basic rights in a state. Three areas where states can become more open to the acceptance of migrants as citizens are suggested: naturalization, the extension of citizenship rights to non-citizens and the admission of immigrants. Although the author still regards citizenship in terms of membership of territorially bounded states, he argues that it can no longer be defined by the model of national communities.In exploring what it means to accept migrants as members of liberal democracies, Rainer Baubock has made a singular contribution to our understanding of citizenship and the right to migration. Innovative without being utopian, this important book will be welcomed by political and sociological theorists, migration researchers and lawyers concerned with issues of migration and naturalization.

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