This book must be judged in the light of its limited objective. It is not the product of the study, either literally or metaphorically. It was written in the spare moments of a busy business life, and it deliberately avoids any abstruse discussion of economic and statistical problems. What Mr. Wallace attempted to do was to act as a liaison officer between the academic and the business worlds. He sought to describe in homely terms those complex theories relating to the trade cycle, upon which general trade forecasting is primarily based; and to show in as concrete a manner as possible how far existing knowledge on trade forecasting can be used by the business man in the practical conduct of his affairs.

"The most thoroughgoing assault on the Maestro's legacy so far."--Cecil Johnson, "Fort Worth Star-Telegram "(syndicated)"" "Here, finally, is the dark truth about Alan Greenspan. In this chilling expose of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy. "Greenspan's Fraud" is a terrifying book."--David Callahan, author of "The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead" "As always, his economic arguments are expressed elegantly."--"Publishers Weekly" "[H]is economic insights recommend this book to most public and academic libraries."--Lawrence R. Maxted, "Library Journal"
"Ravi Batra is one of the world's most controversial economists. Beneath the surface of his often contentious conclusions lies a deeper source of the controversy. He does not accept one of the most fundamental fallacies of modern macroeconomic theory--the assumption that macroeconomic policy has no distribution effects.... Professor Batra turns this oversimplifying assumption upside down.... [W]e cannot and should not ignore him..."--William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Editor, Macroeconomic Dynamics
PRAISE FOR RAVI BATRA'S OTHER BOOKS
"Dr. Batra writes about his subject as clearly as if he were telling bedtime stories."--Christopher Lehmann-Haupt, "New York Times"
"Batra has set the standard for economic analysis . . . Think about it. Before Batra, who ever heard of phrases like 'jobless recovery, ' 'contained depression, ' and 'deflationary boom.'"--John Liscio, "Barron's"
"When itcomes to the bottom line so beloved of economists, one can learn a lot about events by thinking about them in cyclical regularities, of which Batra gives a novel and brilliant exposition."--Lester C. Thurow, Professor, MIT
"Batra [is] a scholar who has earned a considerable reputation as an expert on trade."--Albert Crenshaw, "Washington Post"
"Ravi Batra has made an outstanding reputation in the United States as an international economic theorist in the best Western tradition."--Leonard Silk, "New York Times"

Examines issues important to the economy related to gender wage gaps, the glass ceiling, job growth and the workplace of the future. Policy responses, explanations and remedies are reviewed and current labour trends are presented. In addition a history of the American worker is presented including a look at collateral issues such as immigration, unions and labour laws. Contents: Preface; The Gender Wage Gap and Pay Equity: Is Comparable Worth the Next Step?; The Glass Ceiling: A Fact Sheet; Job Growth in the 1990's by State and Industry; The Workforce of the Future: A Review of the Literature; Bicentennial History of the American Worker (Abridged) (US Department of Labour); Index.

Biometrics - the physiological and/or behavioural characteristics that can be used to verify the identity of an individual - are no longer just being used in high security locations; they are now in use in major, mainstream government and commercial applications. Since September 11, the heightened awareness of security issues is driving forward the adoption of biometrics within numerous application environments. Coupled with a dramatic decrease in the price of such systems and the formulation of comprehensive industry standards, the market looks set for rapid growth over the next 5 years. The second edition of "The Biometric Industry Report - Forecasts and Analysis to 2006" examines the current use and future growth of biometrics. It analyses the trends in markets, technologies and industry structure and profiles the major players. The report provides key market statistics and forecasts essential for companies to plot their future growth strategies.

For a PDF version of the report please call Sarah Proom on +44 (0) 1865 843181 for price details.

This book discusses business barometers used in the management of business and investment of money. It is a textbook on applied economics for merchants, bankers and investors. Neither this book nor any other can aid a banker, merchant or investor to become rich within a short time. Nobody knows or can know what conditions or prices are to exist within a few weeks or even months, and 95% of the men who endeavor to take advantage of these monthly movements never make much headway. These major movements can be foretold if one will spend the necessary time and money in studying fundamental conditions. Therefore, a fortune is within the grasp of every reader of this book who has and uses the necessary figures. Illustrated with many charts.

Authoritative and comprehensive, yet comprehensible. A remarkable blend of rigorous elegance and economic wisdom. The Theory of Incomplete Markets provides a unified framework for analyzing the real, financial, and monetary sectors of an economy. It describes an innovative theory that takes into account the fact that in order to coordinate their activities and share their risks, agents are forced by the imperfections in their knowledge and their propensity for opportunistic behavior to trade sequentially and to make only limited contractual commitments into the future. This book studies the consequences of trading with such a sequential and incomplete market structure for the equilibria of an economy: competitive markets no longer provide the ideal way of allocating resources and even with rational expectations monetary policy is nonneutral.The theory presented in this book retains the simplicity, coherence, and generality that are the hallmarks of traditional general equilibrium theory, while moving the nature of the markets, contracts, and constraints on agent participation into closer conformity with the actual structure of markets observed in the real world.Students and researchers will appreciate how the book incorporates results from the latest research while remaining accessible to a wide audience. The theory is built from the bottom up, with ample nontechnical motivation and a user-friendly presentation that constantly draws on the reader's economic and geometric intuition. Historical discussions in each chapter help clarify the origins and current limitations of the theory.This is the first of two volumes. Volume 1 focuses on the role and functioning of financial markets in a competitive setting. Volume 2 will study more general models that combine the real and financial sectors of the economy and depart from a purely competitive analysis. In addition to providing basic insights needed to understand the theory of incomplete markets, this volume provides the essential tools needed to understand the more general analysis of Volume 2.

The Washington Post called The Long Boom "a future-history and a challenge"-and that is exactly what it is: the story of the world's future, powered by emerging technologies, and a political vision that can help realize an era of unprecedented growth and opportunity. The Long Boom urges everyone to recognize that global prosperity, a sustainable environment, broad social progress, and even radically extended lifespans are very possible-if not probable-in the 20 years to come.

Forget supply and demand. Forget computers. The old rules are broken. Today, communication, not computation, drives change. We are rushing into a world where connectivity is everything, and where old business know-how means nothing. In this new economic order, success flows primarily from understanding networks, and networks have their own rules. In New Rules for the New Economy, Kevin Kelly presents ten fundamental principles of the connected economy that invert the traditional wisdom of the industrial world. Succinct and memorable, New Rules explains why these powerful laws are already hardwired into the new economy, and how they play out in all kinds of business--both low and high tech--all over the world. More than an overview of new economic principles, it prescribes clear and specific strategies for success in the network economy. For any worker, CEO, or middle manager, New Rules is the survival kit for the new economy.

Because the Information Age is so extremely different from the Industrial Age, the socioeconomic systems that will evolve will be different as well. The systems based on capitalist market economies and socialist planned economies proved to be neither sustainable nor community based. The scholars who contributed to this volume, including Nobel Laureates and other leaders in diverse fields, consciously look to new socioeconomic systems that would be sustainable and would be community-based.

The failure of the Industrial Age is partly due to the education system peculiar to that age, which only values highly fragmented specialists, without questioning the interrelationships of professions and fragmented viewpoints. In the emerging Information Age, a new type of higher-education system, one focused on holistic viewpoints, is needed to unify fragmented professions. This and other future-oriented visionary perspectives emerge from this collection--one that will be of great value to all researchers and thinkers concerned with the new opportunities arising from the emerging Information Age.

Since the Maastricht Treaty of December 1991, Europe has experienced rising nationalism and regionalism--both centrifugal effects working against union--and above all scepticism toward the Union concept itself. As certain of the member states fragment, or turn inward, a turning-point in history has been reached: it is the end of the post-War Europe. As such, is it even necessary for Europe to be united at all? Is the unification ideal too large a political concept? Is the ideal of European unification dying, and have the concepts enshrined in the Maastricht Treaty become museum pieces? These are among the incisive questions asked by writer-economist Noriko Hama, in "Disintegrating Europe." This approach is dramatic, readable, and compelling, and represents the first time that so qualified an "economic" commentator has attempted a 'big picture' view of the future of the European unification project.

Predicting that the crumbling cornerstone of unity makes the present course untenable, the author provides an alternative vision for 21st Century Europe resting on the market mechanism as seen in East Asia. This, she argues, would serve as an 'engine of growth' to replace the now-faltering engine of the newly-united Germany, which instead will continue to wrestle with its deflationary absorption of East Germany.

Introduction to Econometrics provides students with clear and simple mathematics notation and step-by-step explanations of mathematical proofs, to give them a thorough understanding of the subject. Extensive exercises throughout build confidence by encouraging students to apply econometric techniques. Retaining its student-friendly approach, Introduction to Econometrics has a comprehensive revision guide to all the essential statistical concepts needed to study econometrics, additional Monte Carlo simulations, new summaries, and non-technical introductions to more advanced topics at the end of chapters. This book is supported by an Online Resource Centre, which includes: For lecturers: * Instructor's manual for the text and data sets, detailing the exercises and their solutions. * Customizable PowerPoint slides. For students: * Data sets referred to in the book. * A comprehensive study guide offers students the opportunity to gain experience with econometrics through practice with exercises. * Software manual. * PowerPoint slides with explanations.

July 1991 was a momentous month in the contemporary economic history of India, when a market-friendly set of policies shifted the centre of country's political economy more rightward than ever before. This book examines the 1990-91 reforms from different ideological perspectives. Authors from diverse backgrounds track the origins and continuation of liberal policies, dissecting the role of the state over the last 25 years in addressing issues like poverty, nutrition, and income inequality. It argues that neo-liberal globalisation, global capitalism and inclusive development have come to constitute the new order of things in the Indian economy, and examines the economic and social outcomes of the non-interventionist state. Explaining why there is still widespread dissatisfaction with the progress and outcome of reforms, the book elaborates on India's tumultuous start in the new millennium.

Africa is a continent with boundless potential — it has the natural resources, the population, and the landmass to become a major player on the global stage. Why then, is the gap between Africa and the rest of the world increasing?

While the continent has seen improvements in terms of key indicators of human wellbeing like infant mortality and life expectancy, Africa still suffers from massive poverty, weak economic growth, de-industrialisation, an underdeveloped agricultural sector and poor regional integration, among others. What needs to be done to unleash Africa’s potential and ignite a growth revolution?

In this book, Jakkie Cilliers examines where the continent is at and where it will be in 2040 if it continues on the current path.