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Economics, Business and economics
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The role of fiscal policy in short-run macroeconomic stabilization is, by now, well known in the academic literature and in…
policy circles. However, this focus on the short-run, especially in a democracy, means that much less attention has been paid to the other consequences of the use of fiscal policy. By studying the intergenerational-welfare aspects of fiscal policy, this book deals with some fundamental issues of fiscal policy. Why does public debt tend to rise over time in democracies? Why is there a tendency for government spending on consumption and on social security to grow? Why do governments fail to invest in public capital adequately? Should a dollar transferred from the young be treated as a dollar transferred to the old? By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. What criteria should be used to define a successful foreign-aid programme? Why is foreign aid likely to fail in a world of global wealth disparity? Can reliance be placed on the international coordination of austerity to improve welfare in the long run? Is austerity accompanied by international transfers superior to austerity unaccompanied by international transfers? This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.
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Economics, Business and economics
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American Healthcare: Why It Costs So Much Yet Remains a Beacon of Development explores economic growth and the health sector.…
Is the health sector a curse or a blessing? The American health sector now accounts for at least 18 percent of the economy and will likely increase in coming years. American healthcare spending per capita far exceeds that of other developed countries. Yet our health, as measured by life expectancy and infant mortality, is relatively poor by comparison with the developed world. Other measures of quality including hospital acquired infection are too common. Healthcare costs financially cripple households despite advances associated with the Affordable Care Act. There is widespread dissatisfaction with the American healthcare system and support for more change. It is also the case that the health sector has been a leader in the evolution of the American economy. The history of economic development is largely attributable to integration of new technology. We tend to applaud new technology and the improvement it brings to our lives. Important new technologies often grow rapidly and faster than the economy as a whole. This leads to larger shares of the economy. There have clearly been enormous advances in pharmaceuticals, medical devices, genomics and molecular biology as well as other subsectors. Yet there is considerable apprehension about costs and economic impact. This book details important health sector institutions and perhaps uniquely, explores linkages between healthcare and broader economic growth. The book addresses asymmetric information between providers and consumers as well as between insurers and beneficiaries. There is a focus on monopoly power in labor markets which contributes to inefficiencies in the system. The author also discusses cost-effectiveness and allocative efficiency as well as emphasizing productivity and its relationship to the wider economy. Policy directions for improved long run efficiency are provided.
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Economics
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Dieses Buch stellt das Vorhaben der seit 2011 in Deutschland angestrebten Energiewende mit Schwerpunkt auf der Nutzung von elektrischem Strom…
aus erneuerbaren Quellen auf den Prüfstand. Deutschland will mit dieser Vorgehensweise einen Beitrag zu einer weitestgehend CO2-freien Energieversorgung leisten und plant eine beispielhaft gelungene, neuartige, deutlich „klimaneutralere“ Energiebereitstellung für Stromanwendungen, Mobilität, Heizung sowie gewerbliche und industrielle Bedarfe. Diese Energiewende stellt eine enorme, bisher einzigartige technische und organisatorische Herausforderung dar. Wenn die Politik die damit verbundenen Größenordnungen über die nächsten 20 Jahre nicht berücksichtigt, wird die Energiewende in der bisher praktizierten Form nicht gelingen. Und schon auf dem Weg bis 2030 drohen einige höchst riskante Stolpersteine.Der Autor erläutert die wichtigsten technischen Hintergründe und Voraussetzungen einer funktionierenden Energiewende und zeigt auf, wo zwar gute Absichten, jedoch durch die bisherige Politik zu wenig beachtete sachliche und auch technische Probleme vorherrschen. Er gibt wissenschaftlich fundierte Anregungen, welche Probleme bewältigt werden müssen, damit die Energiewende doch noch zu einem Erfolg werden kann.
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Business and economics, Economics
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In diesem Buch werden die Zusammenhänge von Ressourceneinsatz, Ressourcenverbrauch, Kosten und Nutzen bei der Bereitstellung von Waren und Dienstleistungen untersucht…
und erläutert.Die weltweit geforderte Nachhaltigkeit bei Sparen und Investieren, Produzieren und Konsumieren führt dazu, dass man nicht nur Ressourceneinsatz und Kosten (Input) sowie Produkte und Erlöse (Output) zu beachten hat, sondern auch mit deren positiven und negativen Auswirkungen (Outcome) und Einwirkungen (Impact) rechnen muss.Der Autor schildert anhand von zahlreichen Beispielen aus verschiedenen Themenfeldern, wie diese Zusammenhänge wirken und bietet Ideen und Verbesserungsvorschläge für ein besseres Verständnis von Outcome und Impact unseres wirtschaftlichen Handelns.
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Economics, Business and economics
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The Eurozone crisis and the age of austerity, as well as challenges to the environment as a result of economic…
growth have highlighted the need for a greater understanding of those facets of economics that are of most use to businesses and their decision makers. This book introduces all of the relevant theoretical aspects of the subject and applies them to real-life examples of economics that are of particular interest to students today, including: the impact of globalization; the way in which 'green' perspectives can be built into decision making and how the financial crisis has challenged economists, politicians and business people to rethink their existing ideas. Replete with illuminating case studies, and benefitting from features such as activities, review questions and further reading, Business Economics introduces the theory and practice of economics for non-specialist students new to the topic.
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Economics, Business and economics
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From the ancients to the moderns, questions of economic theory and policy have been an important part of intellectual and…
public debate, engaging the attention of some of history’s greatest minds. This book brings together readings from more than two thousand years of writings on economic subjects. Through these selections, the reader can see first-hand how the great minds of past grappled with some of the central social and economic issues of their times and, in the process, enhanced our understanding of how economic systems function. This collection of readings covers the major themes that have preoccupied economic thinkers throughout the ages, including price determination and the underpinnings of the market system, monetary theory and policy, international trade and finance, income distribution, and the appropriate role for government within the economic system. These ideas unfold, develop, and change course over time at the hands of scholars such as Aristotle, St. Thomas Aquinas, John Locke, François Quesnay, David Hume, Adam Smith, Thomas Robert Malthus, David Ricardo, John Stuart Mill, Karl Marx, William Stanley Jevons, Alfred Marshall, Irving Fisher, Thorstein Veblen, John Maynard Keynes, Milton Friedman, and Paul Samuelson. Each reading has been selected with a view to both enlightening the reader as to the major contributions of the author in question and to giving the reader a broad view of the development of economic thought and analysis over time. This book will be useful for students, scholars, and lay people with an interest in the history of economic thought and the history of ideas generally.
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Economics, Business and economics
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Samuel Hollander's interpretation of Ricardo has attracted apoplectic responses from both Right and Left. This volume collects together the material…
needed to evaluate these responses. His basic position - that Ricardo stands in a continuous analytical line leading from Adam Smith to Alfred Marshall - is seen to antagonise both those who argue for a 'marginal revolution' and a sharp divide between classical and neo-classical economics, and those who want to champion Ricardo as a forerunner of Sraffa.
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Economics, Business and economics
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Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both…
nationally and internationally, there are economic laws that are logically independent of economic agents’ behaviour. These are the macroeconomic foundations of macroeconomics. Presenting cutting-edge material, Alvaro Cencini explores these foundations, and shows that the introduction of money entails economics being interpreted conceptually not mathematically. His innovative book provides the elements for a new approach by applying the most recent results of monetary analysis to the study of national and international economics. It covers recent progress in monetary theory, provides the reader with a greater understanding of the subject, and will be essential reading for economic students as well as a valuable resource for economists.
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Economics, Business and economics
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John Dunning is the leading authority in the field of international business. His latest work analyses: * future developments in…
global business * a comparison of US and Japanese investment in Europe * competitiveness, trade and integration * spatial dimensions of globalization
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Economics, Business and economics, Politics and government
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Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae…
in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.
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Economics, Business and economics
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Issues such as the patentability of scientific ideas, the market for organs and open source software are hotly debated and…
yet poorly understood. In particular, there is a great need for sound economic theorizing on such issues. There is also a need for a clear and concise exposition of the state-of-the-art of the economics of property rights. This book fulfils these various needs.
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Economics, Business and economics
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This book examines the relationship between economics, politics and religion through the case of Olivorio Mateo and the religious movement…
he inspired from 1908 in the Dominican Republic. The authors explore how and why the new religion was formed, and why it was so successful. Comparing this case with other peasant movements, they show ways in which folk religion serves as a response to particular problems which arise in peasant societies during times of stress.
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Economics, Business and economics
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Interpreting Macroeconomics explores a variety of different approaches to macroeconomic thought. The book considers a number of historiographical and methodological…
positions, as well as analyzing various important episodes in the development of macroeconomics, before during and after the Keynesian revolution. Roger Backhouse shows that the full richness of these developments can only by brought out by approaches which blend both relativism and absolutism, and historical and rational reconstructions. Examples discussed include Hobson, Keynes and Friedman.
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Economics, Business and economics
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This impressive and pioneering work describes and analyses the management of the national debt of the United Kingdom from the…
Boer War (1899-1902) to the period of the Great Depression in the early 1930s. It therefore spans the expansion of the debt during the Great War of 1914-18 and the struggle to bring its structure and cost under control in the decade and a half following Armistice. The Management of the National Debt in the United Kingdom is the first definitive work on the subject. Using an impressive array of research, from archives and unpublished material, Jeremy Wormell has brought together material that is unavailable in any other form. It will be an invaluable resource for political and economic historians, as well as economists in general, civil servants, bankers and financial journalists.
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Economics, Sports and games
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Sports Economics is the ideal introduction for all sport management and sport policy students and those for whom economics is…
a relatively new area of study. The book will also provide an ideal introduction to sports economics for economics students new to the area. Specifically designed to make economics accessible the context of sport is the focus of analysis, ensuring that this book is lively, accessible and approachable. The full scope of the sports economy is examined, covering the three main arenas in which sport takes place - mass participation, professional sports and sports events. The key elements of the economic representation of these three markets are considered, such as the underlying demand for and supply of these sports, together with the main policy issues affecting them Whilst truly international in scope, it focuses particularly on specific comparisons between the US, the UK and mainland Europe. The breadth of discussion and international emphasis is brought to life by a detailed discussion of the evidence throughout the book to illustrate the key themes discussed – ideal for both lecturer and student. Reflection questions and boxes are also used in chapters to prompt the reader to think about specific points as well as to provide the context for specific theoretical or empirical contributions that have been used to analyze sport.
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Economics, Business and economics
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This new text provides a rigorous analysis of real estate markets. Three main sections cover: microeconomics of property markets the…
macroeconomics of commercial property the financial economics of property Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.
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Business and economics, Economics
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In the past, undersupply of public infrastructure was blamed for low productivity growth in the United States in the 1970s,…
while greater private sector participation was emphasized for infrastructure development in the Asia-Pacific region before the Asian Economic Crisis in the 1990s. This revealing book looks at the current economic situation and the state of infrastructure on both sides of the Pacific. Including contributions from leading authorities such as Satya Paul, Jim Storey, Tony Makin and Naoyuki Yoshino, this book closely investigates the experiences of Japan, Canada, the US, China, Korea and Australia.
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Economics, Business and economics
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Most managers know very little about the technology they introduce into their firms, often preferring to leave such decisions to…
a small band of technological 'experts'. As a result large amounts of time and money are often wasted on inappropriate and inefficient systems. The cost of retraining and reorganising can also be prohibitive if the new technology does not deliver the desired results. In a business environment where technology is of increasing importance, the non-technical manager cannot afford to remain in the dark. Technology in Context provides a toolkit of approaches to this difficult subject. Subjects covered include: * the fundamental concepts required for the management of technology * the gathering of information in a firm to support strategic decisions on technology * technology assessment in the public domain * the wider social implications of technology * problems associated with technology, from the danger of environmental degradation to employment and skills.
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Economics, Business and economics
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This superb new book develops a knowledge-based theory of innovation, marrying three streams of literature: innovation, inter-firm collaboration and networks,…
and learning regions. This book will interest all those working in economic geography and the economics of innovation.
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Economics, Business and economics, Politics and government
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The defence of the market and economic freedom have been the main objectives of the investigations by liberal thinkers such…
as Milton Friedman, Gary Becker, F Hayek and L Von Mises. Bearing in mind that the first two economists are the maximum exponents of the Chicago School and the last two of the Austrian School, it is often concluded that the theories of both schools are similar. This book demonstrates that in reality, there is no convergence or complementariness to be found between both schools of thought. The anthropological categories, contributed by Mises, allow us to understand all human phenomena from the view of the man who acts. In this view, economics is part of a philosophical system whose core is the creative capacity of people. Becker’s work, on the other hand, is concentrated on the generalization of the homo economicus as the basis for explaining all human behaviour. He generalizes the maximizing principle to explain all human reality, and extends the scope of the application of a so-called scientific and technical view of the world. In this key volume, an important read for those in the fields of economic theory and political economy, Javier Aranzadi argues, in essence, that the tradition of Hayek and Mises encourages a humanistic liberalism, whereas the Chicago School proposes only a technical humanism.