How is it, then, that today the former British colonial trading post is a thriving Asian metropolis with not only the world's number one airline, best airport, and busiest port of trade, but also the world's fourth–highest per capita real income?The story of that transformation is told here by Singapore's charismatic, controversial founding father, Lee Kuan Yew. Rising from a legacy of divisive colonialism, the devastation of the Second World War, and general poverty and disorder following the withdrawal of foreign forces, Singapore now is hailed as a city of the future. This miraculous history is dramatically recounted by the man who not only lived through it all but who fearlessly forged ahead and brought about most of these changes.Delving deep into his own meticulous notes, as well as previously unpublished government papers and official records, Lee details the extraordinary efforts it took for an island city–state in Southeast Asia to survive at that time.Lee explains how he and his cabinet colleagues finished off the communist threat to the fledgling state's security and began the arduous process of nation building: forging basic infrastructural roads through a land that still consisted primarily of swamps, creating an army from a hitherto racially and ideologically divided population, stamping out the last vestiges of colonial–era corruption, providing mass public housing, and establishing a national airline and airport.In this illuminating account, Lee writes frankly about his trenchant approach to political opponents and his often unorthodox views on human rights, democracy, and inherited intelligence, aiming always "to be correct, not politically correct." Nothing in Singapore escaped his watchful eye: whether choosing shrubs for the greening of the country, restoring the romance of the historic Raffles Hotel, or openly, unabashedly persuading young men to marry women as well educated as themselves. Today's safe, tidy Singapore bears Lee's unmistakable stamp, for which he is unapologetic: "If this is a nanny state, I am proud to have fostered one."Though Lee's domestic canvas in Singapore was small, his vigor and talent assured him a larger place in world affairs. With inimitable style, he brings history to life with cogent analyses of some of the greatest strategic issues of recent times and reveals how, over the years, he navigated the shifting tides of relations among America, China, and Taiwan, acting as confidant, sounding board, and messenger for them. He also includes candid, sometimes acerbic pen portraits of his political peers, including the indomitable Margaret Thatcher and Ronald Reagan, the poetry–spouting Jiang Zemin, and ideologues George Bush and Deng Xiaoping.Lee also lifts the veil on his family life and writes tenderly of his wife and stalwart partner, Kwa Geok Choo, and of their pride in their three children –– particularly the eldest son, Hsien Loong, who is now Singapore's deputy prime minister.For more than three decades, Lee Kuan Yew has been praised and vilified in equal measure, and he has established himself as a force impossible to ignore in Asian and international politics. From Third World to First offers readers a compelling glimpse into this visionary's heart, soul, and mind.

    Sowell reveals the general principles behind any kind of economy-capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

    Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored.

    It is also the story of the dramatically changing times in which this personal odyssey took place.

    Extensions and applications to diverse economic phenomena and to studies of consumer behavior are discussed. The book also elaborates on framing effects and other demonstrations that preferences are constructed in context, and it develops new approaches to the standard view of choice-based utility. As with the classic 1982 volume, Judgment Under Uncertainty, this volume is comprised of papers published in diverse academic journals. The editors have written several new chapters and a preface to provide a context for the work.

    The nation's rise is one of the great international stories of the late twentieth century, and in India Unbound the acclaimed columnist Gurcharan Das offers a sweeping economic history of India from independence to the new millennium.Das shows how India's policies after 1947 condemned the nation to a hobbled economy until 1991, when the government instituted sweeping reforms that paved the way for extraordinary growth. Das traces these developments and tells the stories of the major players from Nehru through today. As the former CEO of Proctor & Gamble India, Das offers a unique insider's perspective and he deftly interweaves memoir with history, creating a book that is at once vigorously analytical and vividly written. Impassioned, erudite, and eminently readable, India Unbound is a must for anyone interested in the global economy and its future.

    Appearing first in 1974, this volume, more than any of other, came to build a generation of libertarian scholars that looked beyond the trapping of conventional left-right thinking, and hence laid the groundwork for the current intellectual revolt against centralized social and economic management. The book's title comes from the lead essay, which argues that egalitarian theory always results in politics of statist control because it is founded on revolt against the ontological structure of reality itself. It is an attempt to replace what exists with a Romantic image of an idealized primitive state of nature, an ideal which cannot and should not be achieved. The implications of this point are worked out on topics such as market economics, child rights, environmentalism, feminism, foreign policy, redistribution--and a host of other issues that are driving public debate today. As Roy Childs, Jr., writes in the introduction: "Until Rothbard's work is carefully studied by every advocate of liberty, the value of his contributions to the libertarian system cannot be fully appreciated and, moreover, the unity and true historical context of libertarianism will not even be fully grasped."

    The book also includes:- reviews of the contributions of the main Austrian economists, critical analysis of the major objections to Austrian economics and an evaluation of its likely future development- complete exposition on the concepts and implications of entrepreneurship and dynamic competition- a new concept of dynamic efficiency (as an alternative to the standard Paretian criterion) and a generalised definition of socialism (as a systematic aggression against entrepreneurship)- evaluation of the role of Spanish Scholastics of the 16th century as forerunners of the Austrian School, as well as the influence and contributions of the main Austrian Scholars of the 19th and 20th centuries.This book will most notably appeal to Austrian economists but also to other free market economists as well as researchers and academics of economic methodology, the history of economic thought, institutional economics and comparative economic systems.

    But the heroic images of Boris Yeltsin atop a tank in front of Moscow's White House soon turned to grim new realities: a currency in freefall and a war in Chechnya; on the street, flashy new money and a vicious Russian mafia contrasted with doctors and teachers not receiving salaries for months at a time. If this was what capitalism brought, many Russians wondered if they weren't better off under the communists.This new society did not just appear ready-made: it was created by a handful of powerful men who came to be known as the oligarchs and the young reformers. The oligarchs were fast-talking businessmen who laid claim to Russia's vast natural resources. The young reformers were an elite group of egghead economists who got to put their wild theories into action, with results that were sometimes inspiring, sometimes devastating. With unparalleled access and acute insight, Chrystia Freeland takes us behind the scenes and shows us how these two groups misused a historic opportunity to build a new Russia. Their achievements were considerable, but their mistakes will deform Russian society for generations to come.Along with a gripping account of the incredible events in Russia's corridors of power, Freeland gives us a vivid sense of the buzz and hustle of the new Russia, and inside stories of the businesses that have beaten the odds and become successful and profitable. She also exposes the conflicts and compromises that developed when red directors of old Soviet firms and factories yielded to -- or fought -- the radically new ways of doing business. She delves into the loophole economy, where anyone who knows how to manipulate the new rules can make a fast buck. Sale of the Century is a fascinating fly-on-the-wall economic thriller -- an astonishing and essential account of who really controls Russia's new frontier.

    

    But, in the great texts of that discourse, these writers downplayed a crucial requirement for capitalism’s creation: For it to succeed, peasants would have to abandon their self-sufficient lifestyle and go to work for wages in a factory. Why would they willingly do this? Clearly, they did not go willingly. As Michael Perelman shows, they were forced into the factories with the active support of the same economists who were making theoretical claims for capitalism as a self-correcting mechanism that thrived without needing government intervention. Directly contradicting the laissez-faire principles they claimed to espouse, these men advocated government policies that deprived the peasantry of the means for self-provision in order to coerce these small farmers into wage labor. To show how Adam Smith and the other classical economists appear to have deliberately obscured the nature of the control of labor and how policies attacking the economic independence of the rural peasantry were essentially conceived to foster primitive accumulation, Perelman examines diaries, letters, and the more practical writings of the classical economists. He argues that these private and practical writings reveal the real intentions and goals of classical political economy—to separate a rural peasantry from their access to land. This rereading of the history of classical political economy sheds important light on the rise of capitalism to its present state of world dominance. Historians of political economy and Marxist thought will find that this book broadens their understanding of how capitalism took hold in the industrial age.

    For researchers on Pakistan's economy, it is the key source for reference, and covers a huge and diverse array of data, literature reviews, commentary and analysis.

    De Grauwe analyses the costs and benefits associated with having one currency as well as the practical workings and current issues involved with the Euro.In the first part of the book the author considers the implications of joining a monetary union through discussion based on an economic cost-benefit analysis. The second part of the book looks at the reality of monetary unions by analysing Europe's experiences, such as how the European Central Bank was designed to conduct a single monetary policy.The seventh edition has been revised to include more discussion of monetary unions outside Europe and, to reflect this fast-moving area, updated coverage of new member states in transition and an updated discussion of the stability pact.Online Resource CentreAn online resource centre, featuring supplements for lecturers including PowerPoint slides and an instructor manual, has been updated for this edition.

    Murray N. Rothbard was the founder of the libertarian movement, a radical free marketeer who came of age in the era of collectivism and fought all his life for individualism and laissez-faire against overwhelming odds. The story of his life is at the same time a cavalcade of virtually all of the controversial events, ideas, and personalities of the latter part of the twentieth century.The author of twenty-eight books and thousands of articles, Rothbard's life goal was to found a science of liberty, a comprehensive libertarian system of social thought encompassing philosophy, ethics, economics, and history. This book tells the story of the intellectual adventure that was Rothbard's life, his relationship with the great libertarian economist and philosopher Ludwig von Mises, and his intellectual growth and development as an economist and a thinker. While Rothbard's contributions to the history of social thought are important, his life story is interesting in itself: against almost impossible odds he managed to singlehandedly create the libertarian movement out of thin air at a time when such ideas were considered completely outside the pale.An Enemy of the State traces Rothbard's ideological odyssey, from the Old Right of the Chicago Tribune and the "isolationist" America First Committee, to the conservative movement of the fifties and early sixties, to the New Left of the mid-sixties, and then on to the Libertarian Party and the post-Cold War return to his Old Right roots. Rothbard was that interesting combination, an intellectual system-builder and theorist who was also an intellectual street fighter, a scholar, and a man of action. Anyone interested in the history of ideas, whether or not they agree with Rothbard's ideology, is bound to be captivated by and drawn into the story of his fascinating life.

    It introduces first year Ph.D. students to standard graduate econometrics material from a modern perspective. It covers all the standard material necessary for understanding the principal techniques of econometrics from ordinary least squares through cointegration. The book is also distinctive in developing both time-series and cross-section analysis fully, giving the reader a unified framework for understanding and integrating results.Econometrics has many useful features and covers all the important topics in econometrics in a succinct manner. All the estimation techniques that could possibly be taught in a first-year graduate course, except maximum likelihood, are treated as special cases of GMM (generalized methods of moments). Maximum likelihood estimators for a variety of models (such as probit and tobit) are collected in a separate chapter. This arrangement enables students to learn various estimation techniques in an efficient manner. Eight of the ten chapters include a serious empirical application drawn from labor economics, industrial organization, domestic and international finance, and macroeconomics. These empirical exercises at the end of each chapter provide students a hands-on experience applying the techniques covered in the chapter. The exposition is rigorous yet accessible to students who have a working knowledge of very basic linear algebra and probability theory. All the results are stated as propositions, so that students can see the points of the discussion and also the conditions under which those results hold. Most propositions are proved in the text.For those who intend to write a thesis on applied topics, the empirical applications of the book are a good way to learn how to conduct empirical research. For the theoretically inclined, the no-compromise treatment of the basic techniques is a good preparation for more advanced theory courses.

    The author reviews SEM applications based on actual data taken from her research. Noted for its non-mathematical language, this book is written for the novice SEM user. With each chapter, the author "walks" the reader through all steps involved in testing the SEM model including:an explanation of the issues addressed an illustration of the hypothesized and posthoc models tested AMOS input and output with accompanying interpretation and explanation The function of the AMOS toolbar icons and their related pull-down menus The data and published reference upon which the model was based.With over 50% new material, highlights of the new edition include: All new screen shots featuring Version 17 of the AMOS program All data files now available at www.routledge.com/9780805863734 Application of a multitrait-mulitimethod model, latent growth curve model, and　second-order model based on categorical data All applications based on the most commonly used graphical interface The automated multi-group approach to testing for equivalenceThe book opens with an introduction to the fundamental concepts of SEM and the basics of the AMOS program. The next 3 sections present applications that focus on single-group, multiple-group, and multitrait-mutimethod and latent growth curve models. The book concludes with a discussion about non-normal and missing (incomplete) data and two applications capable of addressing these issues.Intended for researchers, practitioners, and students who use SEM and AMOS in their work, this book is an ideal resource for graduate level courses on SEM taught in departments of psychology, education, business, and other social and health sciences and/or as a supplement in courses on applied statistics, multivariate statistics, statistics II, intermediate or advanced statistics, and/or research design. Appropriate for those with limited or no previous exposure to SEM, a prerequisite of basic statistics through regression analysis is recommended.

    Rothbard (1926-1995) and noting its stunning range, philosopher David Gordon once wondered "if there are really three, four, or five geniuses writing under his name." These lively essays display one of those geniuses: Rothbard the journalist, cultural critic, political observer, and movement organizer. Even more remarkable, they represent just a fraction of what he wrote in his spare time, for just one publication, and in just the last few years of his life. His articles combined libertarian anti-government economics, decentralist local patriotism, anti-war isolation, and a reactionary cultural outlook that saw government as the key to the loss of the Old Republic. He defended land-rights groups against environmentalists, citizen militias against gun grabbers, isolationists against imperialists, paleoconservatives against neoconservatives, populists against party regulars, anti-New World Order conspiracy theorists against the establishment, nationalists against internationalists, states righters against libertarian centralists, the Christian right against its own leadership, and much more. These essays show forth not only Rothbard's intellectual vigor, but the complete joy with which he embraced life, and how his extreme optimism made even the most severe setbacks tolerable. He experienced great disappointments and great successes, but through it all he was heroic, undaunted, and irrepressible. In this, as in everything else, Murray Rothbard is the model for those who long for liberty, and work for it.

    It presents an innovative and formidable case to re-link economics with moral and egalitarian concerns so as to harness the discipline in the service of humanity. M. Umer Chapra is ranked amongst the Top 50 Global Leaders in Islamic economics (ISLAMICA 500, 2015) and has been awarded with two prestigious awards for his contributions to the field: Islamic Development Bank Award for Islamic Economics (1989) and the King Faisal International Prize for Islamic Studies (1989).

    D. course in mathematics for economists and as a reference for graduate students in economics. It provides a self-contained, rigorous treatment of most of the concepts and techniques required to follow the standard first-year theory sequence in micro and macroeconomics. The topics covered include an introduction to analysis in metric spaces, differential calculus, comparative statics, convexity, static optimization, dynamical systems and dynamic optimization. The book includes a large number of applications to standard economic models and over two hundred fully worked-out problems.

    

    Cutting Corporate Welfare details numerous appalling examples of corporate welfare, including: the giveaway of the public airwaves, which by definition belong to the people, to private radio and television stations (including the latest $70 billion gift of the digital spectrum); taxpayer subsidies for giant defense corporation mergers and commercial weapons exports to governments overseas; and the practice of making patients pay twice for drugs—first, as taxpayers subsidize the drugs’ development, and again, as patients, after the federal government gives monopolistic control over the chemical’s manufacture to a price-gouging drug company. Cutting Corporate Welfare sounds a wake-up call for those concerned about how we are being pick-pocketed by big business, and what we can do to stop it.

    She offers advice to young economists, offering models from the old; and she lambastes the middle-aged who have allowed economics to become, as she puts it with characteristic verve, "a boys' game in a sandbox." McCloskey deploys her wit and style to serious purpose: to bring economics back to science.Anyone can learn about the field of economics from How to Be Human. She can learn how economics works as a discipline and as a piece of sociology, who the heroes are and the villains, how a career in economics relates to matters of ethics and epistemology. She can learn what it is like to be a new woman in a boys' subject, a subject that avoids at all costs the word "love."During the 1990s Deirdre McCloskey established herself as the main internal critic of the economic mainstream. Her quarterly columns in the Eastern Economic Journal, many of which are collected here, have become a handbook for reform. Trained in economics herself, she knows the normal science of the field from the inside: she has done it as a distinguished economic historian; and has watched it work from the faculties of Chicago (for twelve years) and Iowa (for nineteen), and now at the University of Illinois at Chicago.Her criticism from the inside is that the two methods on which economics has depended since the 1940s--existence-theorem mathematics and significance-testing statistics--are nonsense. They have, she claims, nothing to do with economic science, and have massively diverted economists from finding out how the economy works.McCloskey's book is written for anyone interested in economics, whether trained in it or not--anyone who cares about the economy but is not taken in by the boys' game.Deirdre McCloskey is University Professor of the Human Sciences, University of Illinois at Chicago.

    Every developed nation in the world at one time went through the transformation from predominantly informal, extralegal ownership to a formal, unified legal property system. In the West we've forgotten that creating this system is also what allowed people everywhere to leverage property into wealth. This persuasive book will revolutionize our understanding of capital and point the way to a major transformation of the world economy.

    But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis.Combining the best of three separate traditions--the theory of macroeconomic policy, public choice, and rational choice in political science--Torsten Persson and Guido Tabellini suggest a unified approach to the field. As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy. As in public choice, the delegation of policy decisions to elected representatives may give rise to agency problems between voters and politicians. And, as in rational choice, political institutions shape the procedures for setting policy and electing politicians. The authors outline a common method of analysis, establish several new results, and identify the main outstanding problems.

    Past president of the International Sociological Association, he has had a major influence on the development of social thought throughout the world, and his books are translated into every major language. The Essential Wallerstein brings together for the first time the full range of his scholarship.This comprehensive collection of essays offers a unique overview of this seminal thinker's work, showing the development of his thought: from his groundbreaking research on contemporary African politics and social change, to his study of the modern world-system, to his current essays on the new structures of knowledge emerging from the crisis of the capitalist world-economy. His singular focus on the way in which change in one part of the globe affects the whole is all the more relevant as the world grows increasingly interdependent. The Essential Wallerstein is an ideal introduction to the extensive body of work from a thinker who helped introduce globally sensitive thinking to the field of social science.This is the first in a series of Readers bringing together the key works of major figures in the social sciences.

    Also includes an economic timetable that can be used to fill in the economic history that is usually missing from history books, historical fiction, historical movies, documentaries, etc. This study guide is designed for multi-age level use for ages 13 through 18.

    Olson contends that governments can play an essential role in the development of markets. Reliable enforcement of private contracts and protection of individual rights to property depend on governments strong enough not to undermine them. His exploration of "market-augmenting governments" will stand as a cutting-edge work on economic growth and provide a useful framework in which to consider the Asian financial crisis and its aftermath. As Susan Lee noted in Forbes, "his pioneering insights might have won a Nobel Prize for Olson had he lived a bit longer."

    From the Gothic stone arches and gossamer steel webbing of the Brooklyn Bridge (perhaps the greatest engineering achievement of the 19th century), to the Verrazano-Narrows — the world's longest suspension bridge when completed in 1964 — more than 75 bridges span the city's waterways. This book is a stirring text-and-picture tribute to these awe-inspiring structures.Beginning with Dutch New Amsterdam and continuing to the modern era and the achievements of legendary bridge builder Robert Moses, The Bridges of New York covers nearly 300 years of New York history and a century of accomplishments in modern engineering. At the time of construction, many of the bridges were considered breakthroughs in bridge-building technology.Grouped according to geography and economics — two prime considerations facing bridge engineers — the spans are described in a highly readable text that explains the design principles of cantilever, swing, bascule, and many other bridge types. Over 150 archival engravings and contemporary photographs document the splendor of such remarkable bridges as the Brooklyn, George Washington, Bronx-Whitestone, Manhattan, Queensboro, Triborough, and dozens of smaller spans.A section on bridge maintenance, a glossary, and charts noting each bridge's location, length, height, and other features complete this pictorial treasury — sure to delight engineering and architecture enthusiasts as well as anyone who has ever been astonished by the extraordinary scale and grandeur of New York's bridges.

    The basic premise of the book is that the thinking man, after learning the proper lessons of history, chooses wisely between Capitalism, Communism, and Fascism--provided he doesn't let emotion sway his reason or listen to the blandishments of demagogues.

    

    Clingman believes that economic clout holds greater sway than political, that Blacks must first help themselves before reaching out to help others, and that Blacks should stop counting firsts and says instead, ..".call me when the number reaches 1,000. Blackonomic$ is a must-read for Black leaders and organizers of every stripe.

    With “a wealth of eye-opening data” (The Beacon) focusing on the decline of organized labor and civic institutions, the battle over global trade, and the growing inequality of income and wages, it argues that most Americans are shut out of the discussion of the rules governing their economic lives. Accessible and engaging and illustrated throughout with charts, graphs, and political cartoons, the book lays out a comprehensive plan for action.

    In this problem-oriented introduction to the field, Herbert Gintis exposes students to the techniques and applications of game theory through a wealth of sophisticated and surprisingly fun-to-solve problems involving human (and even animal) behavior.Game Theory Evolving is innovative in several ways. First, it reflects game theory's expansion into such areas as cooperation in teams, networks, the evolution and diffusion of preferences, the connection between biology and economics, artificial life simulations, and experimental economics. Second, the book--recognizing that students learn by doing and that most game theory texts are weak on problems--is organized around problems, and introduces principles through practice. Finally, the quality of the problems is simply unsurpassed, and each chapter provides a study plan for instructors interested in teaching evolutionary game theory.Reflecting the growing consensus that in many important contexts outside of anonymous markets, human behavior is not well described by classical rationality, Gintis shows students how to apply game theory to model how people behave in ways that reflect the special nature of human sociality and individuality. This book is perfect for upper undergraduate and graduate economics courses as well as a terrific introduction for ambitious do-it-yourselfers throughout the behavioral sciences.

    Despite the stereotypical image of the lodge as the exclusive domain of white men, fraternalism cut across race, class, and gender lines to include women, African Americans, and immigrants. Exploring the history and impact of fraternal societies in the United States, David Beito uncovers the vital importance they had in the social and fiscal lives of millions of American families.Much more than a means of addressing deep-seated cultural, psychological, and gender needs, fraternal societies gave Americans a way to provide themselves with social-welfare services that would otherwise have been inaccessible, Beito argues. In addition to creating vast social and mutual aid networks among the poor and in the working class, they made affordable life and health insurance available to their members and established hospitals, orphanages, and homes for the elderly. Fraternal societies continued their commitment to mutual aid even into the early years of the Great Depression, Beito says, but changing cultural attitudes and the expanding welfare state eventually propelled their decline.

    and Europe. Tonelson analyzes how the entry of such population giants as China, India, and Mexico into the global market has accelerated the erosion of wages and labor standards around the world. And he describes how an ever-larger share of this low-wage competition is hitting not just sectors like apparel and toys, but also many of America's highest wage industries like aerospace and software. Tonelson explains why the re-education and retraining programs touted by many political leaders offer little but false hopes to most U.S. workers as he outlines the real decisions Washington needs to make to ensure long-term prosperity for the U.S. and the rest of the world. Updated with a new prologue from the author.

    Browne explains how the United States can be free of social security taxes without forsaking the elderly, how children can get a better education without higher taxes or government vouchers, and how neighborhoods will be safer if government stops fostering a criminal black market on drugs. He also presents his position on health care, welfare, gun control, the environment, privacy, and many other key social issues. The Libertarian plan takes the United States away from big government toward a free society.

    The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.

    Exiled by Hitler's regime, Ropke was a passionate critic of socialism and the welfare state who was nonetheless keenly attuned to the limits of capitalism. John Zmirak's Wilhelm Ropke, written with the touch of an accomplished writer and journalist, ably demonstrates that Ropke's humane yet sophisticated Third Way economics can play a vital role in shaping appropriate policies to reflect the growing communitarian consensus.

    It demonstrates that its values of respect for wealth and the justification of inequality are neither natural or inevitable and that they have been actively promoted at all levels of society. The author argues that it is time to consider alternatives.

    How do the roles, approaches and world views of science, religion and international development intersect? This study tackles this question by meshing a discussion of development issues and processes with different religious belief systems: Hinduism, Christianity, Islam and the Baha'i faith.

    Addresses the challenge of living in a world broken by intractable issues of poverty and injustice, and offers meditations followed by practical suggestions on how churches and individuals can actually make a difference.

    Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1861 Excerpt: ...the day of their deliverance was at hand from their long-endured bondage to the Crawford and Troup party. They were not disappointed. Forsyth and Wayne could not consent, though the proclamation, and the proceedings bottomed upon it, violated all the principles they had contended for while acting in the Troup party; most palpably contradicted the tenets upon which one was made senator and the other a representative in Congress; yet to give up the bright prospects of office, which an industrious and dutiful course of conduct to the kitchen cabinet had secured for them, and which, if not fully realized under Jackson, would certainly fall upon them in the next administration, under their friend and patron, Martin Van Buren, was what they could not look upon with the least composure. What to do they knew not for the moment. They saw by the signs, that the state-rights party would not sustain their course. They well knew if they would give up GeneraL Jackson, who had been warmly supported by them, and that from principle, they could not possibly stick to Van Buren, who had been his evil genius in effecting the change of his opinions, so obnoxious to their former doctrines. After consulting with their friends at Washington city, Van Buren at their head, who has always a head for contrivance, this ingenious device was N struck out, founded upon the following elements: 1. Forsyth and Wayne had a number of warm personal friends who would go with them on any and all occasions, and of course, carry a number of others who" are led more by their sympathies and friendships than by principle or judgment. 2. They had got every thing from Georgia they wanted; and their highest hopes were fixed (and indeed, half attained by their faithful services) on the federal govern...

    This approach has been successfully applied in diverse businesses and industries throughout the world. The book covers the principles, theories, and practical applications to make change work.

    This book examines whether different kinds of 'freedoms' (absolutist, parliamentary and republican) caused different economic outcomes, and shows the effect of different political regimes on long term development. It thus offers new answers to debates on the transition from feudalism to capitalism and on the causes of pre-industrial growth and divergence.

    Race, Neighborhoods, and Community Power makes the compelling case that policy adopted at the local level has had a significant impact on the development of low-income, segregated urban neighborhoods. By examining the policy areas of urban housing, urban renewal, education, fair housing, as well as several major development decisions, Kraus offers a detailed, step-by-step investigation of how each policy decision affected the segregation of the city's east side, and thus provides a new perspective on the debate over concentrated urban policy.

    Marveling at its stratospheric growth, observers have christened it "the inevitable superpower." But as Stanford economist Scott Rozelle and writer Natalie Johnson reveal, China faces a massive crisis invisible to outside observers, and to the Chinese themselves. China's future will be decided in the countryside, where over two-thirds of Chinese children are growing up. It is not a pretty picture. For decades, rural Chinese received poor nutrition and education. Now, as wages rise, manufacturing flees, and automation progresses, many of those left behind are ill-equipped for jobs in a new knowledge economy. As China's Invisible Crisis shows, hundreds of millions of people could soon be without work, with grave potential costs in China and around the world.

    Wrightson writes evocatively about the basic institutions and relationships of economic life, tracing the process of change, and examining how these changes affected men, women and children at all social levels. Novel in its structure, scope, and emphasis on the lived experience of the period, the book vividly demonstrates the gains and costs of economic change.

    Its chapters on action, preference, demand and supply, value theory, money, and price controls emphasize deductive logic, the market process, and the failures of government intervention. As the only text of its kind, it is engaging, funny, filled with examples, and never talks down to the student. It is perfect for homeschoolers, but every student, young or old, will benefit from it. Indeed, a student familiar with its contents will be fully prepared to see through the fallacies of the Economics 101 texts used at the college level. Includes a glossary and recommended readings.

    For all their talk of being dedicated to the welfare of the Third World, the WTO has damaged the economies of several countries and encouraged the growth of labor markets that more closely resemble sweat shops. Third World activists/scholars Martin Knor, Walden Bello, Vandana Shiva, Dot Keet, Sara Larrain, and Oronto Douglas examine the effects of the WTO and provide alternative agendas geared towards people, not profits.Highlights include: -- Demonstrations against globalization shut down the important World Trade Organization talks in Seattle last year; -- Machinations of WTO reported on daily; -- Jubilee 2000, the plan to cancel Third World debt, is gaining adherents and momemtum; -- Alternative agendas argue for a WTO that is responsive to the needs of the Third World, or no WTO at all.

    In 1985, predicted that in time it would be necessary for the U.S. to declare war on the Mid-East, South Africa, or both. Explains why booms and busts, war cycles and peace cycles, and the necessity for assassination of national leaders. Used as a textbook by many home schoolers.

    President Clinton recently directed the National Economic Council, in consultation with executive branch agencies, to analyze the economic implications of the Internet and electronic commerce domestically and internationally, and to consider new types of data collection and research that could be undertaken by public and private organizations. This book contains work presented at a conference held by executive branch agencies in May 1999 at the Department of Commerce. The goals of the conference were to assess current research on the digital economy, to engage the private sector in developing the research that informs investment and policy decisions, and to promote better understanding of the growth and socioeconomic implications of information technology and electronic commerce. Aspects of the digital economy addressed include macroeconomic assessment, organizational change, small business, access, market structure and competition, and employment and the workforce.

    Each volume includes a selection of texts from the Bible and Talmud, midrashic literature, legal responsa, treatises, and pamphlets annotated for modern readers and accompanied by new commentaries written by eminent philosophers, lawyers, political theorists, and other scholars working in different fields of Jewish studies. These contributors join the arguments of the texts, agreeing or disagreeing, elaborating, refining, qualifying, and sometimes repudiating the political views of the original authors. The series brings the little-known and unexplored Jewish tradition of political thinking and writing into the light, showing where and how it resonates in the state of Israel, the chief diaspora settlements, and, more broadly, modern political experience. The first volume, Authority, addresses the basic question of who ought to rule the community: what claims to rule have been put forward from the time of the exodus from Egypt to the establishment of the state of Israel? How are such claims disputed and defended? What constitutes legit

    These same conditions plague American trucking today.Sweatshops on Wheels: Winners and Losers in Trucking Deregulation exposes the dark side of government deregulation in America's interstate trucking industry. In the years since deregulation in 1980, median earnings have dropped 30% and most long-haul truckers earn less than half of pre-regulation wages. Work weeks average more than sixty hours. Today, America's long-haul truckers are working harder and earning less than at any time during the last four decades.Written by a former long-haul trucker who now teaches industrial relations at Wayne State University, Sweatshops on Wheels raises crucial questions about the legacy of trucking deregulation in America and casts provocative new light on the issue of government deregulation in general.

     The history of monopolies has been dominated by strong and charismatic personalities. Geisst tells the stories behind the individuals--from John D. Rockefeller and Andrew Carnegie to Harold Geneen and Bill Gates--who forged these business empires with genius, luck, and an often ruthless disregard for fair competition. He also analyzes the viewpoints of their equally colorful critics, from Louis Brandeis to Ralph Nader. These figures enliven the narrative, offering insight into how large businesses accumulate power. Viewed as either godsends or pariahs, monopolies have sparked endless debate and often conflicting responses from Washington. Monopolies in America surveys the important pieces of legislation and judicial rulings that have emerged since the post-Civil War era, and proposes that American antitrust activity has had less to do with hard economics than with political opinion. What was considered a monopoly in 1911 when Standard Oil and American Tobacco were broken up was not applied again when the Supreme Court refused to dismantle U.S. Steel in 1919. Charting the growth of big business in the United States, Geisst reaches the startling conclusion that the mega-mergers that have dominated Wall Street headlines for the past fifteen years are not simply a trend, but a natural consequence of American capitalism. Intelligent and informative, Monopolies in America skillfully chronicles the course of American big business, and allows us to see how the debate on monopolies will be shaped in the twentieth-first century.

    IBM Guide to Doing Business on the Internet is a roadmap that helps readers anticipate the online market, learn how to use e-commerce to cost-effectively increase market share, and exploit the Internet's built-in advantages to reach both customers and employees.Readers can trust IBM to know and provide step-by-step instructions on the best Internet techniques and strategies. Only here will they learn IBM's insights on: -- 11 essential rules for doing business online-- How to create Website content and leave the graphics to the designers-- Low-cost ideas to test marketing and advertising messages-- The Internet as a competitive weapon

    Buchanan that represent the brilliance of his founding work on public-choice theory. The work of James M. Buchanan is perhaps most often associated with his helping to found public-choice theory. Buchanan’s book-length works such as The Calculus of Consent or The Reason of Rules (Volumes 3 and 10, respectively, in Liberty Fund’s The Collected Works of James M. Buchanan) are best known for their brilliant application of market behavioral models to government. But Buchanan’s shorter works represented here all show originality and insight as well as clear articulation of important theoretical principles. What’s more, these essays have all had a significant impact on the subsequent literature about public choice. In this volume, the works are broken down into these major categorical groupings: 1.General Approach 2.Public Choice and Its Critics 3.Voters 4.Voting Models 5.Rent Seeking 6.Regulation 7.Public Choice and Public Expenditures As Robert D. Tollison concludes his foreword to this volumes, “Read in conjunction with the other parts of the ‘Collected Works,’ these papers offer the reader a fuller appreciation of the public-choice revolution and its impact and prospects.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes

    Milton Friedman. William Sharpe. These are just a few of the elite group of Nobel Laureates who represent innovative economic thought. In The Nobel Laureates, Marilu Hurt McCarty interlaces the extraordinary contributions of these world-class economists with the historical circumstances that motivated them, providing fascinating insight into modern economic thought.More than a chronological sketch of economic developments in the last half of the 20th century, readers will find a thorough examination and explanation of: Limits to rationality, market failure, and the role of government.Financing growth-promoting investments.Reducing risk in a zero-sum game.

    Books in this series are designed mainly for classroom use, and make excellent supplements to college texts. In adult education or business brush-up programs, they can serve as fine main texts.

    The authors begin from a premise that political leaders are self-interested politicians rather than benign agents of the people they lead. When leaders depend on only a few backers to stay in power, they dole out privileges to those people, thereby dissipating their country's total resources and national growth potential. On the other hand, leaders who need large coalitions to stay in office implement policies that generally foster growth and political competition over ideas. The result is that those who promote policies that lead to stagnation tend to stay in office for a long time, and those who produce prosperity tend to lose their jobs. Analyzing countries in North and South America and Asia, the authors discuss the range of political regimes that permit or even encourage leaders to rule by mismanaging their nation's resources. And they show that nations must forge institutions that allow all social groups to participate in and benefit from the economy as well as force political leaders to be responsible for policy outcomes.

    These theoretical approaches, Clough suggests, have become the vehicles of unconscious thought in our time.In individual chapters, Clough juxtaposes the likes of Derridean deconstruction, Deleuzian philosophy, and Lacanian psychoanalysis. She works through the writings of Fredric Jameson, Donna Haraway, Judith Butler, Bruno Latour, Nancy Fraser, Elizabeth Grosz -- to name only a few -- placing all in dialogue with a teletechnological framework. Clough shows how these cultural criticisms have raised questions about the foundation of thought, allowing us to reenvision the relationship of nature and technology, the human and the machine, the virtual and the real, the living and the inert.

    BUY WITH CONFIDENCE. MONEY BACK IF UNHAPPY. WE LIKE HAPPY CUSTOMERS. LET US MAKE YOU HAPPY. WE SHIP DAILY.

    This book discusses the developments of Sraffian-Ricardian economics, as well as looking at Sraffa's critique of the Marshallian theory of the firm and the industry, his edition of Ricardo's Works and correspondence, his book on production of commodities by means of commodities, and his influence Antonio Gramsci and Ludwig Wittgenstein.

    Jim Garrison is one of the great visionaries of our time, and his account not only traces the rise of western culture, it points beyond it to a more integral, gracious, compassionate world, drawing on the best of East and West, feminine and masculine, to paint a picture of a more caring tomorrow."--Ken Wilbur, author of "A Brief History Of Everything.

    This complexity vision suggests that answers to questions such as how do markets develop and how do they evolve need to be approached head on. Complexity economics is beginning to do just that.

    In this edition he presents a brand new paper which compellingly explains the logic of his general approach to econometric modeling and describes recent major advances in computer-automated modeling, which establish the success of the proposed strategy. Empirical studies of consumers' expenditure and money demands illustrate the methods in action. The breakthrough presented here will make econometric testing much easier.

    It incorporates various alternative approaches as well as a broad spectrum of policy issues.

    In Information Technology and the Networked Economy, Second Edition, you will explore how information systems are used in business, and, more importantly, how the role of information systems has grown as a result of the telecommunications revolution. Using his unique perspective, author Patrick McKeown links the foundations of information systems to the demands of e-commerce, connectivity, and Internet-based transaction processing-the ?networked economy.? Also included is full coverage of an e-commerce business, www.fareastfoods.com, which serves as the backdrop for a running case study. FEATURES: • Five distinct parts contain chapters covering aspects of information technology and the networked economy. • An accompanying Web site allows students to apply what they have learned in an e-commerce environment. • Boxes included in each chapter discuss how technology, people, and the Internet influence the networked economy. • Chapters open with a business case, each drawn from situations real companies have faced. • Extensive end-of-chapter reinforcement includes a summary, review questions, discussion questions, research questions, an additional case study (WildOutfitters.com), and 'Action on the Web'.

    Discarding the classical view of "eternal" economic laws that conveniently justified the nineteenth-century predatory practices of "big business" in terms of rational self-interest, Veblen cast a fresh, merciless eye on America's money-making passion. In glittering prose, Veblen exposed our social system as one designed to block man's natural "instinct of workmanship." He demonstrated that our leisure-class culture fostered the myth that work was inherently irksome to man. Veblen was also fascinated by the machine and the new science of technology. He saw businessmen basically at war with engineers and scientists because making exorbitant profits did not necessarily jibe with making better goods.In his study of this intriguing personality, Thorstein Veblen, Douglas Dowd reveals that Veblen was unsuccessful in his university career and his two marriages, and in his private life was strange, bitter, and detached. But in his books, Veblen shone as one of America's most penetrating thinkers whose theories proved a potent force in the modernization of economics as a science. Dowd's sympathetic approach to Veblen's nature and problems places this giant in the field against a contemporary background in powerful and lively fashion. In his new introduction, Michael Keaney breathes new life into this unjustly neglected primer on Veblen. A new generation of students will undoubtedly benefit from this comprehensive guide to the thought of someone whose intellectual endeavor was non-doctrinaire and constantly -changing.

    As a relatively recent subdiscipline of economics, health economics has been remarkably successful. It has made or stimulated numerous contributions to various areas of the main discipline: the theory of human capital; the economics of insurance; principal-agent theory; asymmetric information; econometrics; the theory of incomplete markets; and the foundations of welfare economics, among others. Perhaps it has had an even greater effect outside the field of economics, introducing terms such as opportunity cost, elasticity, the margin, and the production function into medical parlance. Indeed, health economists are likely to be as heavily cited in the clinical as in the economics literature. Partly because of the large share of public resources that health care commands in almost every developed country, health policy is often a contentious and visible issue; elections have sometimes turned on issues of health policy. Showing the versatility of economic theory, health economics and health economists have usually been part of policy debates, despite the vast differences in medical care institutions across countries. The publication of the first Handbook of Health Economics marks another step in the evolution of health economics.

    Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets. Completely new coverage in the second edition includes an introductory chapter, which gives an overview of the themes uniting the diverse topics treated throughout the book. Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance. Other new chapters cover such topics as how to formulate and compute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade. Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering.

    Analysis of Economic Data teaches methods of data analysis to readers whose primary interest is not in econometrics, statistics or mathematics. It shows how to apply econometric techniques in the context of real-world empirical problems, and adopts a largely non-mathematical approach relying on verbal and graphical intuition. The book covers most of the tools used in modern econometrics research e.g. correlation, regression and extensions for time-series methods and contains extensive use of real data examples and involves readers in hands-on computer work.

    Expansion of finance in industrialized economies, including that of the nineteenth-century United States, was accompanied by the same kind of turbulence now afflicting Asia, Russia, and Latin America. Then, the solution was to establish national banking and securities regulators, create deposit insurance, and empower lenders of last resort. But in our increasingly globalized times, an account opened at a local bank can be based on bad debt from anywhere in the world, including places outside the jurisdiction of those national agencies. And when banks fail, it is not only their account holders who suffer, but all of us. This is why, argue John Eatwell and Lance Taylor in this timely and urgent book, effective regulation of international finance is crucial to the economic health of all nations. Global Finance at Risk casts a welcome light on the deepening intricacies of world financial systems.

    The new agreements that were born with the WTO almost nine years ago included 800-plus pages of rules that interfere with food safety standards, environmental laws, social service polices, intellectual property standards, government procurement rules, and more.Whose Trade Organization? is the definitive guide to the reign of this undemocratic “trade” regime that has sparked protests from Seattle to Quebec to Genoa. With case-by-case studies, the book exposes the lopsided agreements and secret tribunals that are the tools of the WTO’s trade, and reveals the aggressive corporate agenda at its core. This myth-busting guide explains cutting-edge conflicts over rainforest destruction, genetically modified foods, sweatshops, lifesaving drugs, and many other global issues. And it offers critical and timely prescriptions for challenging the WTO and building a public-centered, democratic alternative.

    An intelligent insider's thoughts on research strategies will do that to you.The world of economics is a complicated and messy place. Yet modern economic analysis rests on an attempt to represent the world by means of simple mathematical models. To what extent is this possible? How can such a program cope with the fact that economic outcomes are often driven by factors that are notoriously difficult to quantify? Can such mathematical modeling lead us to theories that work? In these lectures, John Sutton explores what he calls the "standard paradigm" that lies at the heart of economic model building, whose roots go back a century to the work of Alfred Marshall. In probing the strengths and limitations of this paradigm, he looks at some of the remarkable successes, as well as deep disappointments, that have flowed from it. For sales in Belgium, the Netherlands, and Luxembourg, contact Leuven University Press at fax (+32)16/32.53.52 or universitaire.pers@upers.kuleuven.ac.be

    After solving money math problems and cleverly calculating with coins, the narrator learns that the power of money can lie in preserving its many possibilities.

    It subscribes to the discipline of positive political economy, but also looks at the social situations that lie beyond economics and politics. It is divided into the five parts. Part I presents a primer on game theory. Part II raises the argument than an economy or market is embedded in a social setting, with all its attendant norms, institutions, and beliefs. Part III explores the idea of “the state” and laws. Part IV discusses selected topics on welfare economics. Part V argues that human beings do not use their rationality calculus over all available actions but only over a subset of them.

    A fundamental change in our understanding of work has stripped the family of its natural priority. Feminists get only some of the blame. The "family-friendly" policies of business and government have stacked the deck against one-income families. There is no secret to balancing work and family: work should be at the service of the family.-- Not enough daycare -- or far too much?-- Why were feminists once against mothers at work?-- Why do many families need two incomes?

    This book established the centrality of "the political" in our understandings of globalization and explores the new "strategies of resistance" emerging on local, national, regional, and global scales. Its impressively wide-ranging set of contributors engage in re-thinking what practices now constitute viable political strategies in the world economy.

    But as the country enters its third decade of democracy, such laudatory assessments have become increasingly untenable. The stagnation that characterized Susilo Bambang Yudhoyono’s second presidential term has given way to a more far-reaching pattern of democratic regression under his successor, Joko Widodo. This volume is the first comprehensive study of Indonesia’s contemporary democratic decline. Its contributors identify, explain and debate the signs of regression, including arbitrary state crackdowns on freedom of speech and organization, the rise of vigilantism, deepening political polarization, populist mobilization, the dysfunction of key democratic institutions, and the erosion of checks and balances on executive power. They ask why Indonesia, until recently considered a beacon of democratic exceptionalism, increasingly conforms to the global pattern of democracy in retreat.

    Louis for more than a century. Founded in March 1878 by a group of prominent St. Louis businessmen, the organization was fashioned after the New Orleans Carnival society the Mystick Krewe of Comus. In The St. Louis Veiled Prophet Celebration, Thomas Spencer explores the social and cultural functions of the organization's annual celebration—the Veiled Prophet parade and ball—and traces the shifts that occurred over the years in its cultural meaning and importance. Although scholars have researched the more pluralistic parades of the eighteenth and early nineteenth centuries, very little has been done to examine the elite-dominated parades of the late nineteenth and twentieth centuries. This study shows how pluralistic parades ceased to exist in St. Louis and why the upper echelon felt it was so important to end them.Spencer shows that the celebration originated as the business elite's response to the St. Louis general strike of 1877. Symbolically gaining control of the streets, the elites presented St. Louis history and American history by tracing the triumphs of great men—men who happened to be the Veiled Prophet members' ancestors. The parade, therefore, was intended to awe the masses toward passivity with its symbolic show of power. The members believed that they were helping to boost St. Louis economically and culturally by enticing visitors from the surrounding communities. They also felt that the parades provided the spectators with advice on morals and social issues and distracted them from less desirable behavior like drinking and carousing.From 1900 to 1965 the celebration continued to include educational and historical elements; thereafter, it began to resemble the commercialized leisure that was increasingly becoming a part of everyday life. The biggest change occurred in the period from 1965 to 1980, when the protests of civil rights groups led many St. Louisans to view the parade and ball as wasteful conspicuous consumption that was often subsidized with taxpayers' money. With membership dropping and the news media giving the organization little notice, it soon began to wither. In response, the leaders of the Veiled Prophet organization decided to have a "VP Fair" over the Fourth of July weekend. The 1990s brought even more changes, and the members began to view the celebration as a way to unite the St. Louis community, with all of its diversity, rather than as a chance to boost the city or teach cultural values. The St. Louis Veiled Prophet Celebration is a valuable addition not only to the cultural history of Missouri and St. Louis but also to recent scholarship on urban culture, city politics, and the history of public celebrations in America.

    Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation. The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory. 'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.

    Economic development, policies, and politics in Indonesia, 1966-1999; collection of articles previously published in periodicals.

    From the rapidly changing fashions that drove demand to the jobs created for craftsmen, weavers, and merchants, the wealth and prestige associated with silk throughout Europe made it Italy's leading export industry. In this important book, Luca Molà examines the silk industry in Renaissance Venice amid changing markets, suppliers, producers, and government regulations.Drawing on archival research and a vast amount of European scholarship, Molà documents the innovations Venetians made in manufacturing and marketing to spur the silk industry. He uncovers the alliance between manufacturers and government to promote the industry in a changing international economic environment. Through flexible laws, quality was regulated to meet the varying requirements of an increasing range of customers. Molà also analyzes state policy that favored the development and organization of silk producers throughout the Terraferma. His findings contribute in an important way to the ongoing scholarly assessment of Venice's place in the economy of the Renaissance and the Mediterranean world.

    What are the causes of immigrant entrepreneurship? What are its consequences, especially as regards upward mobility and inter-ethnic relations? And what accounts for differences in entrepreneurship among ethnic groups? Ethnic Economies provides a broad overview of ethnicity and entrepreneurship, connecting it with broader studies of economic life.

    The Chicago Tribune called author Sydney Lewis “the legitimate heir to Studs Terkel,” and Terkel himself said, “Sydney Lewis is a natural to do this book. She’s on the same wavelength as the young people recounting their first jobs. In its honesty and innocence, it’s a strongly moving as well as revealing work.”Help Wanted discusses everything from difficult coworkers, tough bosses, and criticism to stringent deadlines, dress codes, and harassment and is a testament to how young people are prepared—or not prepared—for their entry into the workforce. It also offers tips for surviving the first months on the job and other advice not found in typical career guides.

    For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.

    Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were (frequently overlooked) prerequisites for the emergence of the Classical gold standard. The simplicity of the gold standard, a monetary system where there is a fixed ratio between a weight of gold and a unit of currency, makes it an obvious focus for discussion of commodity money systems, and for contrasts with today's fiat money regimes.

    The World Development Report, now in its twenty-third edition, proposes an empowerment-security-opportunity framework of action to reduce poverty in the first decades of the twenty-first century. It views poverty as a multidimensional phenonmenon arising out of complex interactions between assets, markets, and institutions. This Report shows how the experience of poverty reduction in the last fifteen years has been remarkably diverse and how this experience has provided useful lessons as well as warnings against simplistic universal policies and interventions. It shows how current global trends present extraordinary opportunities for poverty reduction but also cause extraordinary risks, including growing inequality, marginalization, and social explosions. The World Development Report 2000/2001 explores the challenge of managing these risks in order to make the most of the opportunities for poverty reduction.

    Characterized by knowledge work, lean production also includes the mass customization of commodities to consumer desires, and the close cooperation of firms within extended networks of production and distribution. Its proponents argue that it can unite companies, workers, and consumers in the harmonious pursuit of common interests, thereby making the Marxian perspective hopelessly outdated. However, this book is the first to defend Marxian political economy against the claims made by lean production advocates.

    No prior knowledge of game theory is assumed, although a basic knowledge of linear algebra, ordinary differential equations and mathematical programming is required. This book is designed as a research resource for researchers and scholars as well as a text for advanced undergraduates and first year graduate students. Those in all aspects of economics, as well as in industrial organizations, decision sciences, management science, marketing, operations research and quantitative methods will benefit from this book.

    Written by expert contributors under the leadership of one of the world 's most respected and accomplished authorities in power engineering, the second edition remains the undisputed guide to power generation, transmission, and distribution, as well as for modeling, analyzing, planning, designing, monitoring, and controlling power systems.This fully updated edition is now available as a set of five books, each focused on a particular area of expertise. Electric Power Generation, Transmission, and Distribution Electric Power Substations Engineering, Second Edition Electric Power Transformer Engineering, Second Edition Power Systems Power System Stability and Control The handbook 's first edition spawned two bestselling specialist works, Electric Power Transformer Engineering and Electric Power Substations Engineering, each of which included new material not found in the handbook. For this edition, these highly popular progeny rejoin the handbook, supplying ten additional chapters. Along with updates to nearly every chapter, several rewritten articles, and new material added to existing sections, this edition features nine entirely new chapters on such areas as environmental effects of transmission systems, substation asset management, substation commissioning, distribution system characteristics and protection, real-time control of distributed generation, and flexible AC transmission system (FACTS) controllers.Retaining its unique tutorial style, The Electric Power Engineering Handbook, Second Edition prevails as a monument to the decades of ingenuity and tireless efforts of power engineers around the world.

    However, even after half a century of practical work and theorizing by some of the most accomplished social scientists, Keynes' comments are still repeated today. This book assesses the foundations and development of econometrics and sets out a basis for the reconstruction of the foundations of econometric inference by examining the various interpretations of probability theory that underlie econometrics.

    brilliantly original ... brings cultural and post-colonial theory to bear on a wide range of authors with great skill and sensitivity.' Terry Eagleton

    Professor Issing argues that choosing a '..Hayekian discovery process as a route to monetary union' would have been too risky. However, the introduction of the euro has triggered '... a kind of Hayekian discovery process' which gives more scope for the private sector to 'enhance the quality of the medium-of-exchange and store-of-value functions of money.' This Occasional Paper also includes commentaries by two other distinguished economists - Professors Lawrence H. White and Roland Vaubel - who criticise Professor Issing's views. There is then an Afterword by Issing.

    At that time in stochastic calculus (theory of martingales), the main object was the square integrable martingale. In a short time, this theory was applied to such areas as nonlinear filtering, optimal stochastic control, statistics for diffusion type processes. In the first edition of these volumes, the stochastic calculus, based on square integrable martingale theory, was presented in detail with the proof of the Doob-Meyer decomposition for submartingales and the description of a structure for stochastic integrals. In the first volume ('General Theory') these results were used for a presentation of further important facts such as the Girsanov theorem and its generalizations, theorems on the innovation pro cesses, structure of the densities (Radon-Nikodym derivatives) for absolutely continuous measures being distributions of diffusion and ItO-type processes, and existence theorems for weak and strong solutions of stochastic differential equations. All the results and facts mentioned above have played a key role in the derivation of 'general equations' for nonlinear filtering, prediction, and smoothing of random processes."