Search results for ""Edward Elgar Publishing Ltd""

From an international perspective the Swedish economy has some unique features and therefore affords a most interesting model for researchers in economic history. The country has experimented with numerous economic strategies including pre-Keynesian policies in the 1930s, active labour market policies and an extensive welfare system. This book covers the most important aspects of the Swedish economy: two brief sections concerning historiography and offering a general background to the subject are followed by a selection of articles on demography, migration, the labour market, agriculture, industrialization, transport, trade, industrial organization, finance and economic policy. The volume brings together a unique and comprehensive collection of the most significant studies on the development of the Swedish economy since 1870. Several of the contributions appear for the first time in English.

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This volume brings together the most innovative and important work on implicit contract theory, a key area of research which has developed over the past 20 years. Implicit contract theory is concerned with the workings of the macro-labour market over business cycles and focuses on a series of key questions including, how economists can explain unemployment levels and employment fluctuations during recessions in terms of rational economic behaviour, and, why wages do not fall to clear the market.

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Experimental economics is a rapidly growing and influential branch of the discipline. In this two volume set the editors have bought together nine topics, including methodological concerns, preference reversals, willingness to pay and willingness to accept, bargaining and auctions, which illustrate the progress made in this area and the current state of play. For each topic they have selected a series of important previously published papers, to which they have added an editorial commentary that sets them in context and indicates which directions future experimental work on these topics might most profitably take.

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This important volume illustrates the diversity of scholarship which has been directed towards understanding the complex process of technology transfer in its business context. The first part considers the theory and process of technology transfer as developed by economists, sociologists and historians. The remainder of the volume presents essays and excerpts on the agencies of technology transfer: artisans and professionals, the state, private business and multinational enterprise. The papers range from the eighteenth century to the present and cover industries from coal and textiles to computers and motor vehicles, in countries as diverse as Britain, the US, Japan, South Korea and India.

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In the mid-nineteenth century, France was the second industrial power in the world. However, she was soon to be overtaken by the US, Germany and Japan and also badly suffered from the World Wars and the depression of the 1930s. The literature in these volumes covers French economic development from 1870 to the present and will be indispensable especially to students of France and Western Europe and of twentieth century economics.

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Interest in Italy's development is warranted by the size of the country, the level of income it has achieved and the lessons its particular story may contain. The relevant literature is extensive and includes studies by social historians as well as by economic historians and economists. Most of the literature available is in Italian, although the work in English is growing. This compreheensive volume brings together in an easily accessible form the main articles, some of which are published here in English for the first time. The introduction aims to provide the non-Italian reader with a general overview of the discussion that forms the background to the essays collected. The volume contains chapters on the development process, agriculture, industrialization, technical progress, industrial policy, the macroeconomic framework and the issue of geographical and economic dualism.

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Terror, Force and States offers a new theoretical explanation of the nature and causes of terror states. The theory is developed through a critical examination of the works of Bauman, Weber, Arendt, Friedrich and Brzezinski, as well as through detailed case studies of terror regimes including Nazi Germany, Stalin's Russia and Pol Pot's Cambodia.The view of force as a form of power is rejected by Rosemary O'Kane who carefully distinguishes between repressive and terror governments and, crucially, between totalitarian dictatorships and totalitarian regimes. The lessons drawn suggest that the Holocaust and modern genocide are not intrinsically related to modernity. Terror regimes, she argues, operate not through the state but from behind a state facade within a secret society. Economic crisis is given prominence in their explanation with the decisive explanatory factor argued to be the move from plans to substantive irrationality. Indeed it is the economic rationality of modern society, most particularly in respect of labour markets, which acts as the barrier to terror's rule.All those with an interest in politics, sociology, history and Holocaust and genocide studies will welcome this important book which generates a new theory of terror states.

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The theme of economic decline has dominated research into the modern economic history of the United Kingdom. Scholars have charted its fall from pre-eminence since the late nineteenth century and the loss of its position as the world's leading industrial nation. This authoritative two volume set provides a representative selection of the seminal contributions which have stimulated debate and research on this topic, and demonstrates the variety of views and the richness and quality of research by British and American scholars on the development of the modern British economy.The first volume provides a broad overview of Britain's growth and examines the general problems of growth and decline from late Victorian and Edwardian times to the present. The final section and the opening sections of Volume II are devoted to the principal factors which have been advanced as explanations for Britain's apparent inability to sustain its competitive position. Volume I concludes with a selection of articles on the quality of perfomance of British entrepreneurs and managers and their response to technical change.Volume II covers major themes including the attitudes of labour and trades unions, the contribution of education, science and technology to economic growth, the influence of capital markets and imperialism, and the effects of international trade and demand on the British economy. In conclusion, some specific studies of key industries have been chosen to illustrate many of these general themes.

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Until 1973 all money in use was either a commodity or was linked to one. In this comprehensive two volume reference work Anna J. Schwartz has brought together the key articles on the theme of commodity monies. This invaluable collection discusses the forms and standards of commodity monies, their theoretical underpinning and their inherent problems.

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Professor Richard Quandt has made a unique contribution to the development of economics in the 20th century. The range and significance of his work has long required a collection of his essays which will allow his contribution to be assessed as a whole.Despite an early interest in microeconomic theory, Richard Quandt has devoted most of his career to econometrics and, in particular, to modal split estimation. More recently his work has focused on the econometrics of disequilibrium models with reference to both free market and planned economies. As well as presenting his many significant articles on microtheory, general econometrics, disequilibrium modelling, financial economics and the economics of planned economies, this collection will have a particular value for all scholars interested in the emergence of the new economies in Eastern Europe, a subject to which Professor Quandt has applied himself in recent years.This fascinating book includes an introduction by Professor Quandt describing his early life in Budapest and the circumstances which led him to study economics in America.

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Studies in Labor Supply, the second volume of Jacob Mincer's essays to be published in this series, focuses on the family context of labor supply especially that of women. Special attention is devoted to wage incentives and wage consequences of labor supply and to long term trends in the female labor force, a major social phenomenon of the twentieth century.Jacob Mincer's research reveals a rare combination of imaginative empirical analysis guided by a command of theory. His work and professional style have set the standard for empirical economics. This is especially true of his work on the labor force participation of married women.This is the second of two volumes containing carefully edited selections of Professor Mincer's most important essays, some of which are published here for the first time. Introductions to each volume provide overviews of the interconnections of the topics discussed, their conceptual coherence and empirical significance. Studies in Human Capital, the first volume of Professor Mincer's essays, is also available as part of this series.

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This important reference book provides a non-partisan introduction to rational expectations, traces its evolution through three decades, and puts a comprehensive annotated bibliography at the reader's fingertips. In the lengthy introduction, Redman examines in a non-technical way what it means to form expectations of variables rationally, explores the concept's ambiguities, and considers the numerous criticisms the concept has raised. She discusses the evolution of the concept with an emphasis on its association with new classical economics, reviews briefly the empirical findings and obstacles to testing rational expectations and puts the development into perspective within a broader scope of economics in general.The second part provides the reader with an annotated bibliography of over 470 significant books and articles on rational expectations.A Reader's Guide to Rational Expectations will be an essential reference guide for all economists who wish to keep abreast of the most recent developments in economic theory.

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This authoritative and encyclopaedic reference work provides a thorough account of the public choice approach to economics and politics. The Companion breaks new ground by joining together the most important issues in the field in a single comprehensive volume. It contains state-of-the-art discussions of both old and contemporary problems, including new work by the founding fathers as well as contributions by a new generation of younger scholars.The book reviews the literature of public choice, highlighting the common ground between all rational choice approaches to politics. It demonstrates the important impact of public choice on economics, political science, philosophy and sociology. It will be an indispensable source of reference for many years to the ideas, analytical methods and empirical research in the field.The Companion will serve as the standard reference work for all those engaged in the field of public choice and will be essential reading for politicians and policymakers, scholars in political science, public and social choice, as well as graduate students in economics, political science and public administration.

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The industrialized economies of the world have experienced a considerable diversity of economic experience since the shocks of the 1970s. The authors of this major study assess the institutional determinants of economic performance in a comparative analysis of OECD economies. They focus in particular on the role played by corporatist arrangements in such countries as Austria and the Scandinavian states. Corporatism and Economic Performance argues that economists often have a narrow view of the scope and function of corporatism, focusing on the extent to which collective bargaining is centralized, and ignoring the important role of durable, consensual policy making arrangements. The record of the corporatist economies is assessed and considerable evidence is found to show that they have borne the burden of economic adjustment over the last twenty years in a less inegalitarian way than other OECD economies, with lower rates of unemployment and greater economic stability. In an increasingly integrated world economy, the future prospects for corporatism look uncertain, although there is still a strong economic case for corporatist institutions. This book sheds new light on corporatism as a complex and multidimensional entity, examining the rationale, scope, performance and future prospects of corporatist institutions.

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The methodology of economics has long been dominated by the writings of Karl Popper and Imre Lakatos, two outstanding philosophers of science in the post-war period. This major new book focuses on the application of Lakatosian principles of appraisal to modern economics. An international group of distinguished economists have applied Lakatos's methodology of scientific research programs to a variety of economic theories, such as game theory, demand theory, consumption analysis, job search theory, equilibrium unemployment theory, the new classical macroeconomics, experimental economics, Austrian economics, Walrasian stability analysis and Sraffian economics. The introduction and afterword by the editors place the papers in the context of the recent rapidly evolving methodological controversy in economics. Taken as a whole, the book makes a powerful statement of the case for assessing rival economic theories with the aid of an explicit philosophy of science.

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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

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The importance of Whewell, Lardner and Babbage to the history of economic thought is as dependent upon the retrospective reading of their work as it is upon their contemporary significance. However, their individual reactions to the industrial and technological revolutions of the early nineteenth century are also of particular interest to us.William Whewell was known in his own times as a historian and philosopher of science, however, more recently he has been hailed as one of the founders of British mathematical economics. Dionysius Lardner, Professor of Natural Philosophy and Astronomy at University College, London, was both an early railway economist and a precursor of modern theories of profit maximalization. Charles Babbage may legitimately be regarded as the father of the modern computer, yet his most popular book, On the Economics of Machinery and Manufacturers (1832), was an unprecedented study of what we would now call operational research and had a significant effect upon both John Stuart Mill and Karl Marx. These were the 'also ran' but they are no less important than the forerunners for understanding the development of economic thought in the first half of the nineteenth century.

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Francois Quesnay is best known for the Tableau Economique, the proposition that only agriculture generates a positive 'net product' and that industry is 'sterile'. He recommended a 'single tax' on ground rent and invented the slogan 'laissez faire, laissez passe'. He was the first to found a school of economists called the 'physiocrats' which enjoyed an immense vogue in France for about a decade in the 1750s. The practical programme of the physiocrats was to eliminate the vestiges of medieval tolls and restrictions in the countryside, to rationalize the fiscal system, to amalgamate small-holdings into large-scale agricultural estates, to free the corn trade from all mercantilist restrictions - in short to emulate England. Placed in its historical context these were eminently reasonable views but the attempt to provide these reforms with a watertight theoretical argument produced some forced reasoning and slightly absurd conclusions.

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Until comparatively recently, Adam Smith was known mainly as the author of a single book, The Wealth of Nations. Modern scholarship and the greater availability of his other work has thrown new light on Adam Smith suggesting that he was no mere economist but a system builder on a grand scale and, furthermore, a thinker thoroughly steeped in eighteenth century traditions. The breadth and complexity of Smith's thought is reflected in this present volume which surveys the contemporary debate, involving both economists and the wider scholarly community, through some 40 of the outstanding articles published over the last eight years.

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John Law was one of those extraordinary personalities in which the 18th century seemed to abound. He held a demand-and-supply theory of value and treated the value of money or the determination of the average level of prices as only a special case of a general theory of value. Law eventually became Minister of Finance in France and was responsible for the greatest speculative frenzy in her history known as the Mississippi Bubble. When the boom collapsed in the closing months of 1720, Law was forced to flee France, permanently discredited, and spent his declining years as a professional gambler in Venice.In The Fable of the Bees: Private Vices, Public Benefits Bernard Mandeville argued that self-interest was a moral vice. Mandeville's satire was deliberately designed to give offence as if to encourage the re-examination of traditional beliefs : conspicuous consumption of luxury goods, the fashionable display of foreign imports, crime, and even natural disasters like the Fire of London all promote the 'division of labour' (Mandeville's term) and contribute to a brisk trade and fall in unemployment, whereas such supposed virtues as thrift and charity contribute to poverty and stagnation. The Fable of the Bees was widely read in the 18th century and criticized by all the leading thinkers of the day.

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Pierre le Pesant Boisguilbert was considered by Marx as one of the founders of classical political economy. His writings contain a large number of concepts and ideas that reappear in the writings of Quesnay, Cantillon and Adam Smith. George Berkeley - a major figure in the history of philosophical idealism - was the author of 'The Querist', a treatise on the nature of Irish under-development and cures for Irish poverty. Baron de Montesquieu - one of the great 18th century polymaths - is author of the masterpiece 'The Spirit of the Laws' (1748) which, while ostensibly a treatise on law, is actually a study of political organization, types of government, national character and the determining ethos of different societies. It enjoyed enormous success in the 18th century and was almost certainly read and studied by Adam Smith. Ferdinando Galiani was a leading critic of physiocracy and a major 18th century proponent of the subjective theory of value. In 1751 he published 'Della Moneta' which contains some notable chapters on monetary theory, and some brilliant pages on the utility theory of value. James Anderson was a Scottish farmer and a prolific author of tracts on the agricultural development of Scotland and the outstanding policy issues of the last quarter of the 18th century. Dugald Stewart was author of 'Account of the Life and Writings of Adam Smith LLD' (1793) which is one of the earliest, extended commentaries on the works of Adam Smith by one who knew him well.

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This book brings together an important body of new essays on key economic problems and challenges of the 1990s. The essays provide new perspectives on key issues including economic development, East Europe, 1992, the US trade deficit, protectionism, the unification of Germany, privatization and many other topical issues. The papers included in the volume were presented at a conference organized by Paul Davidson and Jan Kregel and organized around three basic areas: problems of economic development, debt and the international payments system; integration and reconstruction of Western and Eastern Europe; and problems facing the US economy. The contributors represent an international group of distinguished economists. Economic Problems of the 1990s is an essential reference point for all economists concerned with economic problems and prospects in the late 20th century. It provides readers with an understanding of the problems facing the international economy and with innovative suggestions for solutions.

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This lucid, up-to-date book takes a fresh look at the application of cost-benefit analysis (CBA) to environmental problems ranging from wildlife protection to global warming. Cost-Benefit Analysis and the Environment is structured into two parts. Part one provides a critical up-to-date account of the theory and practice of CBA as applied to the environment. Part two focuses on a number of specific case studies, in particular ozone damage to agricultural crops, wilderness land use, recreation and nitrate pollution. The application of CBA to the greenhouse effect is used to illustrate the limitations of the method. The book summarizes the major problems CBA faces in environmental application. This book will be highly relevant for the growing number of undergraduate and post-graduate courses in environmental economics and management, as well as being of interest both to academics researching in these areas, and to other professionals concerned with project appraisal and the environment.

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In Economic Theory and Natural Philosophy Charles Clark sheds new light on the development of economic thought, paying particular attention to elements of continuity and divergence. The book offers many new insights into Adam Smith, John Stuart Mill and Victorian evolutionary social theory, the natural law foundations of the marginal utility revolution and axiomatic general equilibrium theory. In conclusion, the author argues that if economic theory is to be truly scientific it must develop a theory that is based upon history and social structure.Economic Theory and Natural Philosophy is certain to arouse controversy and will be essential reading for all those interested in the history of economic thought and the current state of modern economic theory.

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Continuity and Change in Contemporary Europe focuses on the dramatic events in Eastern and Western Europe over recent years, events which have not produced the 'golden age' which many people expected when the Berlin Wall came down. In fact, Europe in the 1990s is, the authors argue, in many ways a more uncertain place than it was before 1989. This is not due simply to recent events themselves, but also to longer term historical problems. Hence the book traces the complex interplay of past continuities and present day changes in an increasingly unified Europe by looking at national experiences and at the broader international and institutional context.The authors cover the status quo in the aftermath of the last war, economic and social growth and attempts at European integration; the new developments of the 1980s with the surge in Western European integration, glasnost and perestroika, and the revolutions in Eastern Europe; and giving special attention to the problems of the 1990s, in the European Union, inside the states of Europe, and in security and international affairs.Undergraduates will find Continuity and Change in Contemporary Europe especially helpful since it deals not just with history, but current affairs, the emerging challenges with which Europe is increasingly faced, and ways to understand them.

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Industry and Society in Europe examines changes in industrial organization in Britain, Germany and France from the perspectives of economic sociology and political economy. This important new textbook presents a systematic, comparative analysis of recent processes of industrial and social change in these societies and assesses the contribution each country will make to the emerging European social and economic entity. Written in an accessible, jargon-free style, the book covers a wide range of highly topical themes, including the finance-industry nexus, corporate restructuring, the impact of globalization, the role of small and medium-sized firms, state - industry relations and new developments in work organization and industrial relations. Introducing a sociological perspective to the study of business and economic life, Christel Lane critically engages with some of the main theories in the field including flexible specialization, regulation theory and the new institutionalism in sociology.

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This valauble book presents fresh perspectives on constitutional change in modern Britain. Each contributor - a leading authority in his particular field - focuses on an institution or aspect of the constitution and asks what has changed, why has it changed and what is likely to happen in the future. In conclusion, Philip Norton challenges the growing pressure for a new constitutional settlement. The British system of government, he argues, is under threat from a fragmentation of power: it needs to be protected not weakened. A new constitution offers the prospect of political inertia and failed expectations.The book will be essential and stimulating reading for both students and practitioners of British politics.

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This illuminating title applies rational choice theory to the power debate, demonstrating the fallacious arguments of all sides. Power is analysed as a bargaining game where the power of actors is assessed in terms of the resources to which they have access. By distinguishing luck from power it shows that many groups widely regarded as powerful are merely lucky, albeit as a result of systematic features of society. This is one of the first conceptual books on power directly to engage both classical and modern empirical debates on the power structure at both the local and national level.

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This important new book critically examines the argument that structural asymmetries between the rich, industrialised countries of the global 'north' or 'centre' and the poor, largely primary-producing countries of the 'south' or 'periphery' could be responsible for an unequal division of the gains from international trade and investment. It explores this view by developing a model of Centre-Periphery relations using building blocks provided by Sraffa, Leontief, Pasinetti, Goodwin and others.

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This key textbook provides a fresh introduction to macroeconomics in developing countries.It presents the main elements of 20th century macroeconomics and shows how the models produced for industrialised societies need to be modified for various groups of less developed countries. It is designed for those who start with little or no economics but need to understand the issues involved in the stabilizing of national income and the price level, and in keeping a sustainable balance of payments. It focuses on a number of measures designed to create stability including fiscal policy, the exchange rate, wages and interest rates. There are several case studies of policy experiments conducted since the mid 1970s.The book will be essential reading for graduate students from developing countries and all students taking courses on development economics.

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The theory of inflation seeks to explain why inflation occurs and why its rate varies, to explain the co-movements betwen the inflation rate and other variables and to permit the design of mechanisms capable of delivering an optimal inflation path.The Theory of Inflation presents in one volume a comprehensive description of the historical inflation record, surveys the current state of knowledge on the fundamental forces that cause inflation and the mechanisms that propagate it, and examines the costs of inflation and the problems of achieving price stability.Professor Parkin's selection draws both upon the contribution of mainstream economists - whose work has been based on market demand and supply - and a new generation whose work has emphasized the importance of technology and preferences. This volume, as the introduction states, indicates that there is much of value to be learnt from both approaches.

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This is a carefully edited selection of the seminal articles and papers on positivism which has been an important cornerstone of sociology.Positivism has had an enormous influence on both the theoretical ambitions and empirical research strategies of sociology ever since Comte coined both the terms 'positivism' and 'sociology' over a century ago. This influence was strengthened during the heyday of logical positivism in the early decades of this century, with its rigorous attempt to rid all the sciences, natural and social, of metaphysical speculations. The whole of the history of sociology could be described as a struggle with positivism, its proponents attempting to secure the foundations of a scientific study of society and its critics seeking to identify what it is about the social that frees it from positivist canons. These books gathers together the most influential voices in the struggle over the very nature of the discipline of sociology.

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Monetarism has had a major impact on the thinking of political leaders and the conduct of economic policy during the last decade. These two volumes trace the origin and development of monetarism from the work of David Hume and Irving Fisher through to the very recent research by eminent contemporary economists including among others Milton Friedman, Robert Lucas, Rudiger Dornbusch and Thomas Sargent. Wide-ranging and comprehensive in scope, the book covers both the theoretical and empirical aspects of monetarism as well as its implications for economic policy.

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This book compares the successes and failures of the development and growth processes of Argentina and Brazil. It provides important insights into the different performances of these economies through a series of comparative essays written by Argentinian and Brazilian economists. In the last 60 years Argentina and Brazil have both undergone a dramatic process of urbanization and industrialization. While there are similarities between the two, each country has dealt with the side effects in a different manner. In this insightful book, Argentinean and Brazilian economists expertly analyze their country's experiences with processes of industrialization, the performance of the agricultural and service sectors, the impact of foreign investments, the distribution of income, the roles of the state and the privatization experience, and inflationary and stabilization experiences. The contrast of the two emerging countries addressing these challenges will offer students, economists and other social scientists significant new insights into the economic development process. Many of the articles will also appeal to individuals in multinational corporations and banks that have to deal with emerging market economies. Contributors include: H. Aguirre, E. Amann, D.G. Arce, C.R. Azzoni, C.J. Caetano Bacha, W. Baer, A.R. Barros, R. Bebczuk, C. Ciappa, D. Coes, A. Elizagaray, A. Figueroa, D.I. Fleischer, M.A.R. da Fonseca, A. Gallo, E.M. Greco, J.J.M Guilhoto, G. Hewings, D. Heymann, R. Hoffmann, A. Horowitz, B. Kosacoff, A. Lopez, J.L. Love, S. Petralia, D. Petrecolla, A.C. Pinheiro, A. Porto, A. Ramos, C.A. Romero, S.D. Silber, W. Sosa-Escudero, A. Villela

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This insightful book discusses vital concepts of system sustainability in terms of productivity, quality improvement, innovation and cost control in the context of maximizing the potential of staff in the health care sector through effective human resource management.Health systems in the western world face increasingly intense pressure to contain or reduce costs, while countries such as China and India move towards universal coverage. The contributors illustrate that radical gains in efficiency and innovative practice are required internationally in health care systems. They argue that the high proportion of health care system costs invested in staffing place the human resource function at the forefront of meeting this challenge. Sustained system change and productivity gains, more effective management of staff and work climate are essential elements of reform and are all covered in this bookThe book provides practical examples as to how health service managers can rise to the challenge of sustaining services against greater pressures than ever before. It will strongly appeal to academics and students of health service management and public sector management. Health service managers, HR professionals in health as well as clinical staff will also find plenty of informative information in this enriching compendium.Contributors include: J. Appleby, N. Ashkanasy, F. Barwell, H. Bevan, M. Cooke, S. Cross, H. Flanagan, A. Grove, J. Hartley, M. Hopkins, H. Laschinger, S. Leggat, P. Mazelan, J. Ovretveit, A. Richardsen

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In this updated and revised edition of Post Keynesian Macroeconomic Theory, Paul Davidson explains how and why contemporary macroeconomic textbooks fail to incorporate Keynes's liquidity and financial analysis framework to explain the importance of money and financial markets in the real world of experience. This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the twenty-first century. In particular, it deals with problems such as inflation, financial contagion, global unemployment, outsourcing, trade patterns, and developing an international financial system that encourages expansionary growth among all trading partners while avoiding sovereign debt problems. Using this textbook in macroeconomics courses will provide students with a pragmatic insight that will be both useful and productive. Contents: 1. The Background for Keynes's Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes's D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference the Basis of Keynes's Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes's Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks Index

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Comparative Contract Law and Economics provides a deeper understanding of the similarities and differences between the legal systems of France, England, the US and Germany in terms of contract law. The application of the economically inspired optimal model rule as a uniform term of comparison provides valuable insights into the pre-contractual duties of disclosure, the phenomena of unforeseen contingencies and the unilateral termination of contracts. The objective evaluation method enriches traditional comparative contract law by enabling further qualitative assessment. The book offers ample opportunities for further research and for 'better' law making, legislation and jurisprudence. Moreover, it enables comparative contract law to offer clear-cut, objective recommendations on the possible improvements of legal rules or decisions. This well-documented book will appeal to postgraduate students and scholars of law and economics, and comparative law. Judges and law practitioners will also find much to interest them in this pioneering volume.Contents: 1. Introduction 2. Pre-contractual Duty to Disclose Information 3. Unforeseen Contingencies 4. Unilateral Termination 5. Summary and Conclusions References Index

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This book presents provides a rigorous yet accessible treatment of the main topics in climate change policy using a large body of research generated using WITCH (World Induced Technical Change Hybrid), an innovative and path-breaking integrated assessment model.The authors give a particular emphasis to the analysis of technological change necessary to build low-carbon economies. The WITCH model can track all of the actions which impact the level of mitigation - such as R&D expenditures, investments in carbon-free technologies and adaptation, purchases of emission permits, or expenditures for carbon taxes - thus allowing for the evaluation of equilibrium responses stimulated by different climate policy tools. The chapters examine various questions to explore the future of climate change policy. Why is it so hard to achieve a global agreement that paves the way to widespread reductions of carbon dioxide and other greenhouse gas emissions? What are the technologies that would deliver clean energy without harming economic growth? And finally, how does uncertainty about future policies and future technologies affect choices in the present?This innovative book will appeal to researchers, policy makers and academics interested in climate change policy.Contributors: V. Bosetti, C. Carraro, E. De Cian, T. Longden, E. Massetti, L. Nicita, F. Sferra, A. Sgobbi, M. Tavoni

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The continuing success of the Asian Miracle relies on an entrepreneurial revolution that has increased the productivity and flexibility of economies across the region. Yet this revolution has largely been necessity-driven, traditional and vulnerable to erosion as the region becomes increasingly prosperous and well educated. How to educate the next wave of entrepreneurs is a pressing Asian question that resonates around the world and is the subject of this volume. Hugh Thomas and Donna Kelley draw on 24 scholars from 15 institutions to report on regional entrepreneurship education. They identify problems encountered by educators and describe solutions that stimulate students to create value. The approaches are hands-on, project-based and multidisciplinary, geared to develop educator-to-business entrepreneurial ecosystems. The entrepreneurial programs described in this book involve inter-cultural experience: working with major corporations, consulting to small and medium sized enterprises, traveling to distant lands, addressing environmental and social problems, and reaching out to the disadvantaged. Social entrepreneurship is combined with for-profit entrepreneurship in programs that extend the concept of value creation to activities. This book eloquently and expertly describes how entrepreneurship education - whether in Vietnam, Malaysia, Korea, Japan, China or elsewhere on the globe - can combine with community to help youth create a better world. Students and scholars the world over, along with administrators, researchers, and all those with an interest in education and entrepreneurship, will find much of interest in this enlightening volume.Contributors: G. Abe, P. Adriaens, D. Chang, G. Du, V. Duong TE, T. Faley, S. Guan, D. Kelley, B. Koo, H. Lingyu, J.J. Lee, J. Levie, L. Liu, A.C. Martinez, P. Mohan, T. Ohe, R.J. Sæmundsson, T. Schøtt, S. Tih, Y. Wang, K. Wilson, L. Xu, J. Yu

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Risks are increasingly regulated by international standards, and scientists play a key role in standardization. This fascinating book exposes the action of 'invisible colleges' of scientists loose groups of prominent scientific experts who combine practical experience of risk and control with advisory responsibility in the formulation of international standards. Drawing upon the domains of medicines, 'novel foods' and food hygiene, David Demortain investigates new regulatory concepts emerging from invisible colleges, highlighting how they shape consensus and pave the way for international standards. He explores the relationship between science and regulation from theoretic and historic perspectives, and illustrates how scientific experts integrate regulatory actors in commonly agreed modes of control and structures of regulatory responsibilities. Sociological and political implications are also discussed.Using innovative methodologies and an extensive insight into food and pharmaceutical regulation, this book will provide a much-needed reference tool for scholars and students in a range of fields encompassing science and technology studies, public policy, risk and environmental regulation, and transnational governance. Contents: 1. Risk Regulation From Controversies to Common Concepts 2. Communities, Networks and Colleges: Expert Collectives in Transnational Regulation 3. From Qualifying Products to Imputing Adverse Events: A Short History of Risk Regulation 4. Drawing Lessons: Medical Professionals and the Introduction of Pharmacovigilance Planning 5. Modelling Regulation: HACCP and the Ambitions of the Food Microbiology Elite 6. The Value of Abstraction: Food Safety Scientists and the Invention of Post-market Monitoring 7. Exploring Invisible Colleges: Sociology of the Standardising Scientist 8. Scientists, Standardisation and Regulatory Change: The Emergent Action of Invisible Colleges Appendix 1. Research Strategy and Methodology References Index

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Women's sports have received much less attention from economists than from other social scientists. This Handbook fills that gap with a comprehensive economic analysis of women's sports. It also analyzes how the behavior and treatment of female athletes reflect broad economic forces.Contributors to this volume use current theoretical models and econometric tools to examine the legal, social, and economic forces that affect the experiences of female athletes. They address such traditional topics as discrimination against female athletes and coaches and the effect of athletic events on the economies of host countries. They also apply theory and estimation to new settings, such as how women respond to tournaments in skiing and figure skating or how the growing dominance of Korean women on the LPGA tour is a form of immigration.This groundbreaking book is a valuable resource for professors, students, and researchers in sports economics, sports management, and women's studies.Contributors: S.L. Averett, D.J. Berri, R. Booth, R.W. Brown, X. Che, D. Coates, J. Congdon-Hohman, S.M. Estelle, B.E. Fairweather, B. Frick, K.F. Gilsdorf, B.R. Humphreys, R.T. Jewell, J.-H. Kang, A.C. Krautmann, Y.H. Lee, Y. Lee, E.M. Leeds, M.A. Leeds, R. Levy, V.A. Matheson, S.S. Montgomery, I. Park, M.D. Robinson, R.M. Rodenberg, F. Scheel, S. Shmanske, J. Stull, V.A. Sukhatme, J. Treber, P. von Allmen

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