Search results for ""agenda publishing""

Alongside New York and London, Paris is one of the world’s earliest megacities. Its growth and character have been fashioned by a distinctive mix of policies that separate it from other long-time megacities as well as the fast-growing urban centres of the Global South. Christian Lefèvre examines the social and economic forces that have shaped Paris and which have made it the city it is today. He charts the impact of global trends, such as the shift from industry to service and information sectors, as well as regional factors, especially those arising from Paris’s unique system of governance. The book examines the central role the national government has played in policies affecting the city and explores how the shift towards political decentralization and localism has contributed to a system increasingly incapable of taking collective action. This tension is shown to have impacted the city’s provision of services, particularly housing, and promoted inequalities within the city and its region. Paris’s unrivalled national dominance is also examined alongside its weaker position as a global city. The book is an authoritative analysis of the evolution of modern Paris and the challenges that face its governance and future development.

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Conceived in an era of rapid post-Cold War economic liberalization, the North American Free Trade Agreement (NAFTA), signed in 1994, brought together Canada, Mexico and the United States with the aim of creating a regional trade bloc that eliminated the friction and costs of trade between the three nations. Without an overarching institutional framework, NAFTA never sought to attain the levels of integration achieved by the European Union – for many it was a missed opportunity – and never quite fulfilled its potential as a single market. And under Trump’s administration a trilateral trade agreement has become increasingly precarious. This book provides an overview of NAFTA and its successor the USCMA, explaining the theory behind the politics and economics of trade in North America. It offers an accessible and concise analysis of the key provisions, shortcomings and past revision efforts of the governments involved. At a time of increasing protectionism and heightened awareness of trading relationships, the book highlights the lessons to be learnt from the fraught history of one of the largest trade blocs in the world.

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Current migration policy is based on a seemingly neutral accounting exercise, in which migrants contribute less in tax than they receive in welfare assistance. A “fact” that justifies increasingly restrictive asylum policies. Peo Hansen shows that this consensual cost-perspective on migration is built on a flawed economic conception of the orthodox “sound finance” doctrine prevalent in migration research and policy. By examining migration through the macroeconomic lens offered by modern monetary theory, Hansen is able to demonstrate sound finance’s detrimental impact on migration policy and research, including its role in stoking the toxic debate on migration in the European Union. More importantly, Hansen’s undertaking offers the tools with which both migration research and migration policy could be modernized and put on a realistic footing.

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In a compelling analysis of the failures of agricultural development in Africa William Moseley advocates for a non-colonial, indigenous agronomy that creates the social innovation needed to support the livelihoods of small-scale farmers.

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Adam Ferner's short, engaging book explores the ethical and political dimensions of parenthood, childcare and reproduction, and the dominant ethos of the family, in a world riven by conflict, inequality and the absence of hope.

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Blockchain technology has the potential to disrupt digital interaction across our economy and society. As the internet has changed our lives, the potential for blockchain and distributed ledger technologies to do the same is considerable. Fred Steinmetz, Lennart Ante and Ingo Fiedler assess this rapidly developing technology and its imminent economic and societal impact. The ideas behind blockchain technology stem from an open-source movement and build on existing technology to facilitate the exchange of value in general and assets in particular via a protocol on top of the internet. Current platform-based business structures face the risk of being replaced by evolving decentralized ecosystems and individuals are set to become empowered by sovereignty over their digital data and footprints. The book begins by explaining the key concepts of blockchain technology and presents an overview of the involved technical and economic elements. These form the basis for a discussion of the socio-economic implications of this new technology. This is followed by an in-depth analysis of significant case studies in the sectors of energy, digital identity, capital markets, logistics and gambling that outline the risks and benefits of the technology. The book strives to be non-technical and accessible, and to demystify the functionalities of blockchains and their potential for a range of readers in the wider social sciences.

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For generations, Europeans have become accustomed to rising prosperity, an increasingly supportive social safety net and the expectation that each generation will fare better than the last. Europe has built a social model that is second to none, and fashioned a continent of disparate nations into a community that shares common values with democratic institutions that are the envy of the world. Yet, Europe, as a common project is increasingly questioned by its citizens. The emphasis on solidarity, the driving force behind the social and economic integration, has given way to suspicion and nationalism. Openness and tolerance are strained by xenophobic, anti-immigrant sentiments, while populists and extremists set the agenda and dominate the policy debate. European countries have borne the brunt of the global economic forces that have strained its institutions and capacity to respond appropriately. Characterised by uncertainty and delay both in handling the Euro crisis, Greece’s ongoing economic woes, Brexit and now a migrant crisis, Europe is at a crossroads in its development: a restructuring at the very least, if not a new settlement of power within the union, is on the cards. This book will attempt to understand what "post-crisis Europe" will look like, and what the opportunities are to rethink its economic, social and institutional architecture as well as to address the nagging democratic deficit that undermines its legitimacy as a democratic entity. George Papaconstantinou is uniquely placed to offer commentary on the machinations of the union and its internal behaviour. Appointed Greek Finance Minister by Papandreou in the newly formed government in 2009, he played a key role in the Greek crisis, negotiating the first bail-out with the Troika.

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The "living wage" is an old idea that has experienced a dramatic resurgence of political popularity in recent years. The underlying logic of the concept is quite clear: it is a wage that provides workers with enough income to live on at some level considered adequate. However, in practice the term has become blurred with that of the "minimum wage" and in its implementation it has lacked a consistent meaning despite being widely used as a campaigning slogan. This short primer traces the origins of the concept of the living wage and seeks to explain the current rise in its fortunes as an economic instrument with a social objective. It examines its impact on labour markets and wage levels, explores how it has been applied, and assesses whether it is an effective measure for raising living standards. It offers a broad-ranging analysis of the debates, policy developments and limitations of wage floors in developed economies and will appeal to a wide readership in economics, public policy and sociology, as well as those working in non-profit and non-governmental organizations.

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We have become accustomed to economists and politicians talking about “market forces” as if they are immutable laws of the universe. But what exactly is “the market”? Originally an abstract idea from economic theory – the locus of supply and demand – it has come to inform the way we speak about our relationship to the economic system as a whole. Matthew Watson unpacks the concept to ask what does it really mean to allow ourselves to submit to market forces. And does economic theory really provide insights into the market institutions that shape our everyday life? In tackling these questions, the book provides a major contribution to a deeper appreciation of the dominant economic language of our time, challenging the idea that we can simply defer to the “logic of the market”.

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The resource curse, or paradox of plenty, refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing. This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behaviour and corruption and the empirical evidence of the effects of natural resource dependence on growth. The book also considers the links between resource rents and the risk of conflict and civil war. The treatment draws throughout on a range of illustrative examples from across the developed and developing world and offers an authoritative introduction to one of the most perplexing issues for economic growth.

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Much of economics is a top-down analysis that simplifies and reduces the huge varieties between individuals to a predictable range of characteristics that lend themselves to systematic analysis. This book eschews this conventional perspective, which sees national economies as simply agglomerations of the activities of millions of people, and instead explores the role played by the individual in the economy, in particular, how the individual experiences the economy. In so doing, the book is able to illuminate the economic landscape for the non-technical reader in a much more engaging and accessible way. Steve Coulter examines those areas of our lives that most direcly connect with the economy – jobs, education, healthcare, housing, personal finance, welfare, consumption – and explores how the individual choices we make are determined. He shows how the things we experience, need and consume fit into a fast-changing and interdependent global economic setting and highlights the role of government and markets in shaping our lives.

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The “informal” economy – economic activity and income outside government regulation, taxation and observation – is, by its very nature, difficult to quantify. Recent estimates suggest it accounts, in OECD countries, for around 13% of national income (in the UK, the equivalent of £150 billion) and in developing nations it can make up as much as three-quarters of all non-agricultural employment. Whatever the exact figures, it is clear that the informal economy plays a significant role in national incomes (eventhough excluded from calculations of GDP or GNP) and affects a large share of the global workforce. Colin C. Williams provides an authoritative introduction to the topic, explaining what the informal economy is (and what it isn’t) and how it can best be measured. Taking a global perspective, he examines its characteristics in developed, developing and transitional economies, and looks at its role as a driver of economic growth. The theoretical underpinnings are explored, from conceptual origins in the development models of the 1950s, through to present-day discussions, which question whether a formalised economy is always the ideal. The book considers the economic motivations of the informal economy workforce, which may include tax evasion, circumventing regulations and maintaining state benefits, and assesses the different policy options available to governments to combat them, whether a punitive policy of deterrence, or one of accommodation that recognises the value of the sector in generating income and in meeting the needs of poor consumers. The book provides a masterly summation of the published research on the informal economy and an expert assessment of the key areas for research going forward. It will be welcomed by students taking courses in development economics, economic growth, labour economics, welfare economics and public policy.

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The availability of low-cost energy from fossil fuels – in particular oil – has been the driving force behind postwar global economic growth, such that the petroleum industry has some of the world’s largest companies. This book examines the economics of the oil and gas industry, from exploration, development and production, to transportation, refining and marketing. At each stage of the value chain, the key economic costs and considerations are presented in order to provide the reader with a comprehensive understanding of the workings of the industry. The book examines some of the unique economic challenges the industry faces, including negotiating international contracts with host countries (to gain access to hydrocarbons), managing the risks of recovery, implementing cross-border pipelines, dealing with huge variations in the taxation of refined products, and reacting to the effect of price control and subsidization in the OPEC nations which can create massive volatility in pricing. The search for low-carbon fuels, the impact of shale gas, the prospect of finite reserves, and the global political realities of the competing demands of oil-importing and oil-exporting countries are shown to make the sector high risk, but the economic rewards can be huge.

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This volume of essays builds upon renewed interest in the long-run global development of wealth and inequality stimulated by the publication of Thomas Piketty’s Capital in the Twenty-First Century. It brings together an international team of leading economic historians and economists to provide an overview of global developments in the theory and reality of inequality and its salience in the modern world order. The contributors take stock of the key concepts involved in contemporary debates – capital, wealth and income distribution, economic development, private and collective assets, financialization, global liberalisation – and evaluate the evidence for both common and contrasting historical trends in national statistical data sources. To the developed economies upon which Piketty drew are added contributions covering Latin America, Africa, India and Japan, providing a global perspective upon a global phenomenon. The book seeks to provide readers with a deeper awareness and understanding of the significance of inequality in economic development, the varying pace and nature of economic change around the world, and the manner in which this process of change affects the distribution of incomes and wealth in diverse economies. The collection marks an important step in the process of developing Piketty’s analytical framework and empirical material, overcoming some of their limitations and helping to cement a lasting place for inequality in the future agenda of economics and economic history.

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Planting trees is not enough to reduce carbon. Counterintuitive as it may seem, we must also cut them down and start using wood as a construction material. With the built environment responsible for 40 per cent of the world's carbon emissions, Brannen's message is clear: we must change how we build.

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North Korea is an anomaly in the international system. Deliberately isolated, it survives through the sale of weapons to enemies of the United States. In this book, Pacheco Pardo offers insight into the country today and seeks to answer what level of threat it poses to global security.

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In recent years politics has seen an increasing role in economic policymaking for a technocracy of experts. How do politicians feel about this and how do they balance their political and ethical aims with economic expertise? Anna Killick offers an in-depth study of how politicians engage with economists and economic opinion. Based on interviews with politicians from the main parties in France, Germany, Denmark, the UK and USA, the book highlights the role economic opinion plays in politics and the tension that can arise between democracy and technocracy. Deferring to the experts is shown to be neither viable nor desirable, and that we should trust politicians to take the lead role in solving economic problems.

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The UN’s Sustainable Development Goal #4 focuses on inclusive, quality education, galvanizing efforts for substantial educational reform around the globe. Progress is being made but are the initiatives being upscaled and mainstreamed rapidly enough? Has caring become an essential aspect of learning? Have cooperative learning and creativity been given enough attention? Are teachers receiving sufficient support? These are some of the questions raised by Victoria Thoresen as she considers the goals and challenges iterated in the SDG. Thoresen argues that unless implementation of the new definitions of inclusive, quality education are prioritized everywhere, sustainable development will be severely hampered and, conceivably, misdirected. She examines the recent evolution of education in light of political and commercial ambitions, technological advancements, and knowledge creation and sharing. Key concerns relating to education for and learning about sustainable development are identified and major obstacles to achieving inclusive, quality education for all are discussed.

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Competition between democratic and authoritarian systems is playing out in global cities, where real property rights influence regime legitimacy and economic performance. Two questions inspire debate.Why does the property-owning middle class, which was integral to democratic development in the West, support illiberal governments? Do differences between political systems affect the success of global cities? Marsha McGraw Olive unravels these questions by comparing urban land governance in Europe and Eurasia. Democracies largely, but not exclusively, perform better than hybrid or authoritarian regimes on real property rights, land-related regulations, and citizen engagement in urban planning. Case studies of Moscow and Istanbul show that urban real property is fundamental to regime stability, bringing wealth to average citizens and favoured elites. This formula, perfected by President Putin, bestows economic but not political benefits to middle-class property owners. The book argues that all cities need to improve land governance to cope with twenty-first century urban challenges. Cities that respect property rights and put citizens at the centre of urban planning achieve better outcomes. In contrast, illiberal leaders who rely on opaque property deals are inciting public backlash and slowing economic growth. In the global political competition, real property rights are a chink in the authoritarian armour.

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The music industry is one of the most dynamic and fascinating business sectors. Its business model has had to evolve and adapt to continually changing technologies that impact at every level from distribution to artist management. Its latest challenge has been the closure of live music venues during the Covid-19 pandemic. The second edition of this much used introduction to the economic workings of the music business has been updated to include analysis of the impact of the pandemic as well as new trends in the industry, such as the increasing dominance of tech companies and big data and the growing importance of collective management organizations as market players, which has impacted on new business contracts. At a time when live performance outstrips music sales as the primary source of income for today’s musicians, this new edition also examines how different stakeholder positions have shifted. The book remains a rigorous presentation of the industry’s business model, the core sectors of publishing, recording and live music, and the complex myriad of licensing and copyright arrangements that underpin the industry. The revenue streams of recording companies are analysed alongside the income stream of artists to show how changing formats and distribution platforms impact both industry profit margins and artists’ earnings.

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This introduction to one of the key areas of behavioural economics – social preferences – explains in clear, nontechnical language how particular groups of experiments have been used by behavioural economists to shed light on the processes of economic decision making. These include bargaining games, trust games and public good games. The significance of determinants such as punishment, sanctioning, emotion, cooperation, reciprocity, leadership, framing and cross-cultural differences are demonstrated and explained, and students are provided with the understanding and resources needed to replicate the experiments themselves.

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The data that professional sport generates, which is almost unparalleled in any other industry, provides a wealth of information for the economist to analyse. Sport offers economists the opportunity to study the behaviour, choices and outcomes of the decisions of players, referees, regulators and governments. Advances in Sports Economics is a collection of newly commissioned essays that examine a wide range of different sports, including baseball, basketball, cricket, football, horse racing, rugby, tennis and Gaelic games. The contributors consider economic issues such as incentives, rule changes, labour markets, competition structure, gambling, gender equality, match official behaviour, superstar players, funding and sports infrastructure as well as interogating the methods and theories used in sports economics. The essays showcase how the application of economic analysis can provide us with a better understanding of the mechanics of professional sport.

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Over recent years it has become increasingly clear that the European Union is falling short of its promise to enhance social cohesion across the continent. Welfare state modernization has been at the centre of divisive debates over the redistribution of wealth and imbalances between a wealthy European core and its peripheries. Some see the policies and governance of the EU as part of the problem, others rather as the solution. This book examines the key issues facing the EU’s social policy-making. Each chapter focuses on a single challenge and explores the arguments and considerations that coalesce around it. The book helps students and researchers alike to understand how the EU operates and shapes social policy on multiple levels, and to better assess the EU’s role in supporting social cohesion.

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This lively and provocative look at the tension between economics and politics examines why so many mistakes in economic policy-making are made for political reasons and ignore the economic truths. Using short-term economic gains to ensure electoral success, argues Lorenzo Forni, inevitably spells macroeconomic disaster. Using the state budget, trade policy and monetary policy to prop up labour markets and the wider economy in order to boost voter approval ratings, while ignoring budget constraints can only result in longer recessions and economic downturns. Which then can incur the painful austerity measures needed to bring the economy back into balance. Forni looks at many unsustainable economic policies that have been implemented in parts of the world when the economic realities – there is no magic money tree! – would recommend a different and more prudent economic course.

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In 1997, Hong Kong became a special administrative region of China under the “one country, two systems” framework. In this new edition, Tim Summers brings his analysis of the politics of Hong Kong fully up to date and discusses the ramifications for the city of the mass demonstrations of 2019–20 and the city’s intensifying confrontational politics that have culminated in China’s new national security law for Hong Kong. In the process, Hong Kong has lost the sweet spot it occupied for four decades in a world of intensifying economic globalization and decent US–China relations, all the more so after Covid-19. Instead it finds itself at the frontline of US–China strategic rivalry. Summers explores how the city’s future will be shaped by the interaction of these global tensions with Hong Kong’s polarized local politics and its relationship with Beijing.

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The fishing industry’s critical dependence on the natural environment makes it very different from other economic sectors. How it can optimally exploit a common resource while ensuring its sustainability raises many economic challenges. This book, suitable for undergraduate and postgraduate courses on fisheries economics and management, provides an introduction to the economics of the fishing industry and the role of fisheries in the world economy. The book’s primary focus is on capture fisheries, although the discussion brings in wider aquaculture for comparative analysis. The key economic concepts that drive the industry, most notably sustainable yield, are explained in detail, before examining how the industry puts them into practice in a complex regulatory environment. The variability of fish stocks is considered and case studies of some spectacular stock crashes are discussed. The law of the sea is explained and how the movement of fish stocks across ocean boundaries has created regulatory bodies to manage international fisheries. At the heart of this management lies the quota system and the book outlines how it works and how, controversially, such quotas have become transferable. The book offers readers a comprehensive and rigorous guide to the economic considerations motivating the industry and highlights the environmental challenges facing the sector as global consumption of fish continues to rise.

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As one of the fastest growing cities in Europe, London has become a mass generator of employment and a magnet for inward migration. Yet London is also a divided city, whose expansion has generated many planning challenges. This book explores the tensions, complexities and difficulties in mobilizing policy agendas in London, but it also argues that public policy still matters and makes a significant difference to outcomes. The authors show how the market-led development of London has meant that the state supports more private-sector-led governance and this has given rise to widespread privatization of the city’s decision-making processes and policy implementation. As a key command and control centre in the global economy, London’s privatized model has become one for other megacities to emulate.

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What constitutes a sovereign wealth fund is contested. In general, however, it is a state-sponsored institutional investor that is answerable only to the state and makes investments according to the interests and mandate of that state. Different types of funds have emerged in the context of particular economic conjunctures, and over the last decade the number of sovereign wealth funds has grown substantially, with total assets exceeding $7 trillion. This trend is set to continue, as more and more countries look to establish an SWF. The place of SWFs in global financial markets may appear settled, but this does not mean that concerns about "state capital" and its place in financial markets has gone away. This short book offers an incisive discussion of the development of this class of investor, how they have become legitimate actors in global financial markets, and their role as providers of capital and in economic development at home and abroad.

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Social movements play a significant role in the political and social landscape of Latin America. They emanate from different sections of society and are motivated by many different concerns, including workers’ rights, agrarian and land reform, the rights of indigenous peoples, gender inequality and the fight against environmental degradation. Ronaldo Munck explores the mosaic of interlocking and connected issues that make up the complex map of social movements in Latin America and shows why, despite being a fragmented political force, these movements are at the centre of any future progressive politics in the region. As such they require careful understanding and, he suggests, a more nuanced theoretical approach than previous studies have offered. Combining insights from Latin American approaches to social movement theory and detailed empirical case studies, the book provides readers with an understanding of the vital role social activism plays in the region and offers students the methodological tools to develop their own research agendas.

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Germany’s public savings banks – Sparkassen – are a remarkable and puzzling phenomena. No other advanced industrial country relies as heavily on such small, public financial institutions to fuel its economy and how is it that such small institutions can drive one of the biggest and most successful economies in the world? In theory, their diminutive size should hinder their ability to function in an environment where they compete with the capital and muscle of major international banks. Yet at the height of the financial crisis, when other banks drastically reduced lending, new loans made by Sparkassen increased as they continued to provide liquidity and lend to start-up firms. How have they managed to survive the economic turmoil and global pressures of the last few decades? What has enabled them to stay at the heart of the German economy? In a period of neoliberal “too-big-to-fail” thinking, how have these relics of an ordoliberal past managed to flourish? Mark Cassell answers these and many other questions in his exploration of the unique entity that is Germany’s public savings bank system and the lessons it offers to banking systems worldwide.

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New York became the world's first megacity in the 1930s. Since then it has remained the largest city in North America but, globally, it has been surpassed in size by the younger cities of Asia. Nevetheless its metropolitan area is home to 20 million people and it continues to be America's premier city. Jill Gross and Hank Savitch examine the New York metropolis through the lens of a series of twenty-first century pressures related to demography, economic growth, urban development, governance, immigration, leadership and globalization. How New York's institutions and policies have either risen to meet these challenges, stagnated in the face of them, or simply failed to resolve them is the focus of the book. In particular, the authors examine the muncipality of New York City, as the heart of the megacity, and how it navigates the increasingly complex battles with higher levels of government over rights to the city and resource needs. The book examines the shifting tides of corporate centred development, particularly the vibrant financial sector, and how it has leveraged its powerful geopolitical position in the global economy to continue to grow. The question of governance is explored along with the growing reliance on public–private partnerships to manage megacity problems. Mayoral control and leadership is shown to have been fundamental to meeting the needs of the residential population – issues such as crime, schools and housing – along with the demands of business. With over 3 million immigrants, New York is the most diverse city in North America, but it is also among the most segregated and the authors investigate the positive and negative outcomes that such diversity brings. As a comprehensive analysis of the political, economic and social dynamics that have made New York a megacity today, the book will be of interest to a broad readership in political science, public administration, public policy, sociology, geography, political economy, urban planning and regional studies.

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Since the global financial crisis, the world has seen a stark rise in financial investment in farming and agricultural production. Indeed, finance has been identified as one of the main causes of the so-called “global land rush”. In a world with a growing population that needs to be fed, the financial returns from agriculture are sold as safe bets. The debate that this has prompted has been frequently alarmist, with financiers blamed for rising land prices, corporate enclosures, the dispossession of smallholder farmers and the expansion of large-scale industrial agriculture. Stefan Ouma speaks to these concerns via an ethnographic journey through the agrifocused asset management industry. His penetrating analysis of case studies taken from New Zealand and Tanzania allows him to put global finance “in place”, bringing into view the flesh-and-blood institutions, globespanning social relations, everyday practices and place-based value struggles that are often absent in broad-brushed narratives on the “financialization of agriculture”. The book closes with a key question for the Anthropocene: which form of finance forwhich kind of food future?

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Despite being invariably misunderstood by anglophones and often derided in the English-language financial press, the French economy is one of the world’s major economies. For many years characterized by a distinctive economic model in which the French state intervened to correct or prevent market failures, as France has embraced the global market, its economy has increasingly converged with the western norm, but it remains different from its neighbours, particularly Germany and the UK, in a number of important respects. This general economic history of modern France – the first in the English language for nearly twenty years – provides an authoritative analysis of the workings of the modern French economy since its postwar reforms through to the present day. The book explores the monetary and fiscal policies of successive governments and the country’s economic performance through a variety of indicators. In particular the book considers the attempts by the state to correct the regional imbalances associated with the contraction of agriculture and the decline of historically important industries as well as mitigating the dominance of Paris. The parts played by demographic change, migration, inequality, and the European project in French economic development are also investigated alongside the strength and competitiveness of key industries like finance, energy and transport.

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Productivity looms large in public policy discussions yet many find themselves hard-pressed to explain exactly what the term means. Even within economics, its nature and significance is contested and the focus of complex debate. Michael Haynes cuts through the jargon and political sloganeering to provide a detailed examination of the concept, how it is used and why it is held by economists to be so important in evaluating the health of economies. The book explores why productivity grows or fails to grow in certain contexts, in particular how real world variables can interact with measurements of efficiency and output. The difficulties of measuring its scope are examined alongside the larger question of whether growth in productivity is sustainable, both at the level of national economies and globally. Whether productivity remains the motor of economic growth that it once was and continues to be the most appropriate economic indicator for modern economies is shown to be a key consideration. For anyone searching for a clear, engaging and level-headed guide to one of the most important metrics for understanding economic growth, this book will be warmly welcomed.

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Elinor Ostrom was the first woman to win the Nobel Prize in economics and her achievement has generated renewed interest in the Bloomington School research program in institutional economics and political economy. These new essays showcase Ostrom’s extensive and lasting influence throughout economics and the wider social sciences. They contextualize the Bloomington School within schools of economic thought and show how Ostrom’s distinct methodology is used in policy-making and governance. Case studies are used to illustrate the value of civic involvement within public policy, a method pioneered by Ostrom and the Bloomington School. The book provides a valuable resource for those keen to understand Ostrom’s approach, especially when applied to policy-making and wider application in the social sciences. Readers new to the Bloomington School will be introduced to its central areas of research while those already familiar will appreciate its subtle connections to other disciplines and research agendas.

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Far from witnessing the beginning of the end of organized labour as a major political force, Rethinking Global Labour argues that, post-financial crisis, we are entering a new era for workers and their organizations in which they will begin to impact decisively on the new global order. In exploring the potential futures for the world’s workers, the book provides an insightful account of how globalization has created a new global working class while increasing the insecurity and precarious nature of most employment. Moving beyond categories of North and South, Munck argues that the new global class of workers will be central both to the future of globalization and to its possible alternatives. In some ways the book poses a “return to the future” drawing parallels with the birth of the labour and democratic movements before the consolidation of nation states. At a time of growing unease with the negative effects of economic globalization, Rethinking Global Labour offers an important assessment of global labour and its potential for organization.

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Drawing on comparative detail from Europe, North America, and the rest of the world, Driving Change provides a nuanced overview of the UK’s modern transport system and the role of business models and policy choices in its evolution. The common features of mobility and travel in developed economies are highlighted in order to provide a balanced appraisal of possible future developments. The book offers a detailed consideration of the potential of new technologies – electric propulsion, digital platforms and autonomous vehicles – to offer solutions to the intractable challenges that accompany high levels of car ownership, as well as their likely impact on business and transport policy. Driving Change is a rich analysis of the modern state of transportation and will be welcomed by students of transport studies and policy professionals tasked with developing infrastructure and the growth of the transportation industry.

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China’s transformation over the past four decades has been unprecedented. The vision of its leaders for the next three decades is unprecedented too, as China seeks to fashion an advanced economy without significant political and social liberalization. Stephen Morgan provides a wide-ranging examination of China’s remarkable economic history from the time of the great divergence to the present day. Alongside the familiar story of GDP growth, he considers a comprehensive range of issues, including business management, energy use, foreign direct investment, government, innovation and consumerism as well as social and demographic factors such as social networks, health, education and migration and their interlinked challenges for the Chinese state. The specifics of development are examined – capitalism from above and below and its regional variances – as well as notable consequences, including growing inequality and severe pollution. The book also assesses the challenges to China’s continued growth, including its ageing and shrinking workforce (and rising dependency ratio), the constraints on innovation and raising productivity, as well as its ambitious international plans. The book provides an accessible and authoritative survey of China’s recent economic history and the workings of its unique political economy suitable for courses in Asian business and economy, Chinese history and East Asian studies.

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Although still the world’s third largest economy, Japan continues to feel the effects of the collapse of a massive asset price bubble in the early 1990s. In recent years further setbacks, including both the Asian and global financial crises, and the 2011 Fukushima earthquake, have only added to the economy’s difficulties and made its prospects under Abenomics at best mixed. Hiroaki Richard Watanabe examines the ups and downs of Japan’s postwar economic history to offer an up-to-date and authoritative guide to the workings of Japan’s economy. The book highlights the country’s distinct business networks and its unique state–market relationship. It explores the characteristic institutional complementarity that exists among different sectors and business practices and gives particular attention to human factors, such as labour market dualism, gender discrimination and migration. Although often associated in western minds with futuristic automated efficiency, Japan’s economy, Watanabe shows, retains many inefficient and peculiar business practices that do not comply with global standards. The book provides readers with a concise survey of Japan’s recent economic history, the economy’s characteristic features and the challenges it faces.

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Inequality is part and parcel of our lives. What degree of inequality we find acceptable or unacceptable informs the foundational values of our societies, and shapes our political and economic structures. Yet until recently the study of economic inequality (unlike poverty) was considered by economists as a problem not worth examining. That has changed. With the dramatic increase in the concentration of wealth in the hands of a few, inequality has become recognised by all shades of political opinion as a potential threat to economic growth and the functioning of society and democracy. In A Short History of Inequality, Michele Alacevich and Anna Soci chart the emergence of the inequality question and in so doing provide a masterly overview of the work of recent scholars and the main concepts and debates that have arisen within inequality studies. Their analysis highlights how the historical diffidence to examining inequality, the relationship of inequality to the processes of globalization, and the adverse effects of inequality on democracy are all strongly intertwined. The book is an ideal introduction for students and the general reader looking to understand what’s at stake when the rewards of capitalism are distributed unjustly.

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The growing economic power of government has prompted many studies to seek to establish the optimum size of government and how it might relate to economic growth, productivity and inflation. Václav Rybácek examines how these studies have used national accounts and officially published statistics to invariably underestimate the size of government, which has lead to erroneous economic policy recommendations and ultimately to an unrealistic assessment of a government’s ability to meet its debts. The book shows how the methodology of macroeconomic statistics has failed to keep pace with the expansion of government and has misallocated, for example, many public producers in the field of financial services, to the corporate sector. Even central banks conducting government policy are shown to stand outside official figures on the size of government. Similarly, when showing the relative size of government, the choice of denominator, such as GDP, can further lead to underestimating government size. Drawing on Austrian economic theory, in particular in relation to market operation, the book offers a more robust methodology for the measurement of government, which is then used to recalculate fiscal indicators and GDP in order to present a more appropriate set of data for the analysis of public sector dynamics in the majority of EU countries.

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Richard Youngs examines the policy challenges and choices now facing Europe in the wake of Russia's war with Ukraine.

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Our sense-making capabilities and the relationship between our individual and collective intelligence and the comprehensibility of the world is both remarkable and deeply mysterious. Our capacity to make sense of the world and the fact that we pass our lives steeped in knowledge and understanding, albeit incomplete, that far exceeds what we are or even experience has challenged our greatest thinkers for centuries. In Logos, Raymond Tallis steps into the gap between mind and world to explore what is at stake in our attempts to make sense of our world and our lives. With his characteristic combination of scholarly rigour and lively humour he reveals how philosophers, theologians and scientists have sought to demystify our extraordinary capacity to understand the world by collapsing the distance between the mind that does the sense-making and the world that is made sense of. Such strategies – whether by locating the world inside the mind, or making the mind part of the world – are shown to be deeply flawed and of little help in explaining the intelligiblity of the world. Indeed, it is the distance that we need, argues Tallis, if knowledge is to count as knowledge and for there to be a distinction between the knower and the known. Tallis brings his formidable analysis to bear on the many challenges we face when trying to make sense of our sense-making. These include the idea of cognitive progress, which presupposes a benchmark of complete understanding; cognitive completion, which unites the separate strands of our understanding (from the laws of nature to our ineluctable everyday understanding of things, incorporating the meanings we live by); and the knowing subject – us – with our partial and limited viewpoint mediated by our bodies. The book showcases Tallis’s enviable knack of making tricky philosophical arguments cogent and engaging to the non-specialist and his remarkable ability to help us see humankind more clearly. For anyone who has shared Einstein’s observation that “the eternal mystery of the world is its comprehensibility”, the book will be fascinating and insightful reading.

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The six Arab monarchies of the Persian Gulf – Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates – have a disproportionate importance in the global economic system because of their enormous reserves of oil and gas. Matthew Gray provides a brief yet comprehensive profile of these six Gulf states and their modern political economy. Focusing on the postwar period, particularly the last 20 years, he examines the key factors that have shaped these nations’ economies and enabled them to bypass typical development pathways. The book explores how the combination of rentierism, state ownership of key firms and assets, and the use of patron–client networks to distribute favours and opportunities, has created a very effective strategy for regime maintenance and durability. However, the book also outlines how cooptive bargains with society have given the Gulf states a unique set of economic problems, including low levels of innovation and entrepreneurship, reliance on foreign workers and an inflated public sector. With the global demand for hydrocarbons set to decline, the need for the Gulf states to diversify their economies, expand the private sector, and build a more diverse taxation base has become ever more pressing. The book explains the importance of these challenges, which, along with those of geography, regional security, rapidly growing populations, and sectarianism are likely to test the Gulf’s new generation of leaders.

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For generations, Europeans have become accustomed to rising prosperity, an increasingly supportive social safety net and the expectation that each generation will fare better than the last. Europe has built a social model that is second to none, and fashioned a continent of disparate nations into a community that shares common values with democratic institutions that are the envy of the world. Yet, Europe, as a common project is increasingly questioned by its citizens. The emphasis on solidarity, the driving force behind the social and economic integration, has given way to suspicion and nationalism. Openness and tolerance are strained by xenophobic, anti-immigrant sentiments, while populists and extremists set the agenda and dominate the policy debate. European countries have borne the brunt of the global economic forces that have strained its institutions and capacity to respond appropriately. Characterised by uncertainty and delay both in handling the Euro crisis, Greece’s ongoing economic woes, Brexit and now a migrant crisis, Europe is at a crossroads in its development: a restructuring at the very least, if not a new settlement of power within the union, is on the cards. This book will attempt to understand what "post-crisis Europe" will look like, and what the opportunities are to rethink its economic, social and institutional architecture as well as to address the nagging democratic deficit that undermines its legitimacy as a democratic entity. George Papaconstantinou is uniquely placed to offer commentary on the machinations of the union and its internal behaviour. Appointed Greek Finance Minister by Papandreou in the newly formed government in 2009, he played a key role in the Greek crisis, negotiating the first bail-out with the Troika.

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