Norwegian deregulation was, together with the British model, a pioneer forerunner in the restructuring of European electricity industry. The Norwegian model, unlike the British, did not change ownership or structure, but relied heavily on a radical opening of the market way down to household consumers. It also developed a more advanced pool system based on actual bidding both on the supply and demand side, as well as triggering the first regional integrated competitive power market in the world. This book draws on a wide range of applied research and gives a summary of the Norwegian experience.

This edited volume highlights the interplay between the evolving institutions and the growing economic dynamism of the Indian economy. The book provides a state of the art interdisciplinary review of the Indian political economy and cultural psychology and it draws upon the contribution of academic scholars who are intimately familiar with India.

Italian accounting has a long and honourable tradition of theoretical and applied analysis of the accounting and reporting function, perceived and defined much more broadly than in the Anglo-Saxon tradition. The high point of this perhaps, is the creation of what is known as Economia Aziendale (EA). The antecedents, genesis and later developments are presented here in detail by highly knowledgeable specialists in the field. EA takes as a prerequisite the necessity of the business (entity/azienda) to ensure its own long-run survival. This requires that the necessary resources are retained and preserved, so operating capital maintenance, by definition future-oriented, is essential. It requires a focus on the particular business organization, entity-specific and consistent with today's notion of the business model. Entity-specific information relevant to current and future cash flows is a necessary pre-requisite for ensuring long-run survival, which historical cost accounting, or fair value (being market-specific not entity-specific) satisfactorily achieve. Flexibility of valuation and of reporting, always relevant to the specific asset at the specific time in the specific place, is a necessary condition for effective management. This is exactly the focus of EA and its analysis and tradition. Scholars and advanced students of international regulation and accounting, as well as accounting history, will find this an invaluable guide to a vibrant, scholarly tradition of great practical relevance today.

The first in a series of books published with the IZA, this book presents and analyzes the work of one of the most important economists of the 20th century - Jacob Mincer. Mincer's work has had a lasting influence on contemporary labor economics in both theoretical and methodological terms. Mincer played a central role in shaping contemporary labor economics, not the least by largely determining its research agenda. His work in the 1960s and 70s on the determinants of individual earnings, notably human capital, and on labor force supply, particularly female participation, have had an enormous impact on the way others have approached labor economics. This book presents a systematic analysis of his extensive published work, emphasising its continuity as a lifetime research program that has made a lasting influence on modern labor economics.

Bringing together the latest research on the neglected area of second-hand exchange and consumption, this book offers fresh insights into the buying and selling of used goods in western-Europe during the eighteenth and nineteenth centuries, and seeks to re-examine and redefine the relationship between modernity and the second-hand trade.

During the second half of the twentieth century, economics exported its logic - utility maximization - to the analysis of several human activities or realities: a tendency that has been called "economic imperialism". This book explores the concept termed by John Davis as "reverse imperialism", whereby economics has been seen in recent years to have taken in elements from other disciplines. Economics and Other Disciplines sheds light on the current state and possible future development of economics by focusing on it from a philosophical perspective, broadening the concept of rationality in economic theory. The beliefs that prevail in the world today make up a physicalist worldview. This book argues that this pervasive view is harmful for economics as a social science. Do new economic currents like behavioral economics, evolutionary economics, neuroeconomics, institutional economics, happiness economics, the capability approach and civil economy, escape this widespread mentality? What would be an adequate underlying economic ethos? Do these approaches fit into this ethos? Ricardo F. Crespo appraises the contributions from a classical philosophy angle, emphasizing their implications regarding practical reason. This volume is of great importance to those who are interested in political economy, economic theory and philosophy, as well as philosophy of social science.

The volumes in this set, originally published between 1967 and 1997, draw together research by leading academics in the area of the industrial revolution and provides an examination of related key issues. The volumes examine urban workers and the working class in the eighteenth- and nineteenth-centuries, economic growth during the industrial revolution, and the causes of the industrial revolution, with a primary focus on England. This set will be of particular interest to students of history, business and economics.

Throughout the ages money was a prerogative of national sovereignty. Currency management was the responsibility of governments.;After World War 2 Bretton Woods provided the framework for intergovernmental monetary cooperation until, in the early seventies, the banking community, using the Eurodollar as an international medium of exchange, forced governments to adopt a regime of floating rates.;The book describes how, in the 1950s, through an improbable chain of events, Soviet-owned banks established in Paris and London spawned the Eurodollar market, which has come to dominate world finance.;The Euromarket has given rise to a new breed of financiers and currency traders who radically changed the nature of international banking. The book relates the collision between sovereign states and stateless economic forces, the struggle for supremacy between the political authorities and the international financial community, their strategies and tactics, their strengths and weaknesses.

Comprising a series of unique and informative interviews, this original book focuses on the evolution and current state of the economic literature on the Great Depression. Renowned economists assess the status of the remaining debates, evaluate what economists do and do not know about the economics of the interwar era, and examine the new directions economic research is taking in attempting to better understand this important economic epoch. Every generation of economists tries to understand the Depression, but the interwar generation of economists who lived through it left several issues unresolved. Often scholars from the generation that follows a particular event are the ones who provide fresh and disinterested evaluations of the historical period. We are now at that point in our evaluation of the economics of the interwar era. This book contains interviews with 12 American economists who have made substantial contributions to our understanding of the economics of the Great Depression: Peter Temin, Ben Bernanke, James Hamilton, Robert Lucas, Lee Ohanian, Christina Romer, Barry Eichengreen, Stephen Cecchetti, James Butkiewicz, Michael Bordo, Charles Calomiris and Allan Meltzer. Together and individually, they provide an enlightening account of what we have learned about the Great Depression from the post-World War II generation of economists. This accessible, highly readable book continues and extends the discussion of the Great Depression, appealing to students and scholars of both economics and history.

In the decades after the National Party of South Africa assumed power in 1948, a close economic relationship evolved between South Africa and Switzerland, whose longstanding refusal to join international boycotts enabled it to advance to being one of the apartheid state’s most important business partners. But alongside trade in gold, diamonds and much more, the two countries also enjoyed manifold relations in the cultural field, both “official” and “unofficial”.

Swiss musicians toured South Africa with state assistance, plays by Friedrich Dürrenmatt and Max Frisch were performed there in English and Afrikaans, South African jazz artists such as Abdullah Ibrahim (aka Dollar Brand), Sathi-ma Bea Benjamin and Chris McGregor found enthusiastic audiences in Switzerland, and in the 1970s the plays of Athol Fugard began to be seen on Swiss stages and heard on national radio.

Cultural objects, performances and lives moved between these two countries, accruing symbolic value even as artists themselves often bore the costs—in substance abuse, exile, censorship, domestic violence and early death. The essays in this book reframe Switzerland not only as an enabler of apartheid-era cultural life, but as a site refracted through South African critique. The essays in this book cover a multitude of topics from jazz to classical music, architecture, linguistics, theatre and literature in translation.

The authors investigate the activities of official state actors and private individuals, institutions and organizations in order to elucidate understandings and misunderstandings in a field where meanings and intentions were fluid, and where cultural relations existed in a complex process of give and take.

Volume 36A of Research in the History of Economic Thought and Methodology features a symposium on Bruce Caldwell's Beyond Positivism after 35 years. Contributors to the symposium include Kevin Hoover, Wade Hands, Tony Lawson, and Peter Boettke. The volume also features general-research essays from Luis Mireles-Flores and Alain Marciano. Luca Fiorito presents a new discovery from the archives.

The book examines the problems that Nixon faced during his presidential term, focusing on economics but the role of politics is also highlighted. The convergence of the gold-dollar crises, oil crises and Watergate imbroglio posed a unique political and economic threat to global stability.

In this volume, continuities and discontinuities between Historical School of Economics and Old Institutional Economics are examined with regard to common research objectives and methods. Similarly, those between these two economic movements and New Institutional Economics as well as new economic sociology are discussed. The following questions functioned as a guideline for the contributing economists, sociologists, historians, and philosophers: Can we meaningfully speak of the Historical School of Economics (HSE) as an economic research program? What are the commonalities between the HSE and American old economic institutionalism? Does the HSE represent a part of the "lost anteroom" of New Institutional Economics and new economic sociology? How and why should the HSE matter to how we do economic and social theory today?

Regulating for Rivalry in Africa assesses the development of competition regimes in Africa through a combination of chapters which give in-depth assessments of countries’ experiences. The insights in this book combine critical analysis with insider knowledge on competition enforcement in Africa.

This volume makes an important contribution in assessing how the competition regimes are functioning in practice against the challenges involved and the emerging competition dynamics which have arisen as markets have evolved. The book includes reviews of the Kenya, Zambia and Common Market for Eastern and Southern Africa competition authorities and tackles contemporary issues such as buyer power and digitalization.

It covers competition in agri-food markets, which are of critical importance given shocks from COVID-19, the Russia- Ukraine war and climate change.

Politicians, social administrators, economists, biographers and historians have shared the belief that the Charity Organisation Society effectively rationalized relief to the Victorian poor and illustrated the advantages of caring voluntarism over impersonal state handouts. Evidence has shown how, in provincial England, these impressions were illusory. The alleged sinful profligacy of other charitable bodies was persistently condemned by the Charity Organisation Society for fostering latent sin amongst the poor. By exposing how they failed in practice to satisfy their own prescriptions for appropriate poor relief, this volume asks whether the members of the Charity Organisation Society were themselves morally equipped to castigate other about sin.

Hospitals worldwide command the majority of any countries' health care budget. Reasons for these higher costs include the aging of the population requiring more intensive health care treatments provided in hospitals, the relatively high costs of labor in this labor intensive industry and payment systems that may encourage inefficient behavior on the part of hospital managers and physicians. Governments are seeking to instruments to mitigate this cost rise. Liberalizing hospital markets, deregulation, changing budget systems and changing ownership are only a few examples of attempts to make hospitals more efficient.
Hospital industry responds in various ways to changing market conditions and legislation. In most western hospital markets we observe hospital consolidation, acquisitions, mergers and the founding of several types of network and hospital associations. The question is whether this trend also contributes to more efficiency.
In this volume a number of outstanding internationally known scholars in the field of productivity measurement and health economics provide the reader with an excellent insight in the complexity of the issue. They explain that there is no straightforward panacea or recipe for the issues addressed. It is shown that the composition of the demand for care, the economic context, environmental and geographical conditions affect the outcomes. Policymakers should therefore take these nuances into account. A policy of increasing productivity starts with knowledge and insights in the complexity of the issue. The book therefore advocates the development of a strategy of collecting relevant data and conducting academic research that meet the standard of thestate of the art. The book provides two illustrative examples of such a strategy in Finland and Australia.
The authors have avoided as much as possible the technical jargon and complex mathematics and statistics involved in this research area. Therefore the book is par excellence suitable for policymakers and hospital managers, as well as for graduate students of health economics and health administration.
*Avoids, as much as possible, technical jargon and complex mathematics and statistics
*International in scope

This book analyses the economic history of the company and entrepreneurship in Spain from the 15th century to the present. It evaluates the economic theory, the formation of the figure of the entrepreneur, as well as the structure of the companies. This exploration of the businessmen in Spain over several centuries is something that has not been done until now. Joining the great Spanish historiographical debate about the existence or not of entrepreneurship, the book brings together research in very different historical contexts and junctures. It presents a selection of cases of companies and entrepreneurs from Spain, from different sectors, regions and periods, from boom to crisis, from the wine businessman to the railway sector, from private banking to the pioneers of the Spanish travel agency business. It will be of interest to academics and students in economic history, business and management history, as well as researchers in entrepreneurship & small business management.

The functioning of the gold standard has recently been at the heart of explanations of the interwar depression, particularly as a result of the research of Barry Eichengreen and Peter Temin. In The World Economy and National Economies in the Interwar Slump the interaction between the gold standard and the Great Depression in seven countries is examined by an international team of economists and economic historians.

Listen to a short interview with Stephen Mihm Host: Chris Gondek - Producer: Heron & Crane

Few of us question the slips of green paper that come and go in our purses, pockets, and wallets. Yet confidence in the money supply is a recent phenomenon: prior to the Civil War, the United States did not have a single, national currency. Instead, countless banks issued paper money in a bewildering variety of denominations and designs--more than ten thousand different kinds by 1860. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation.

Their success, Stephen Mihm reveals, is more than an entertaining tale of criminal enterprise: it is the story of the rise of a country defined by a freewheeling brand of capitalism over which the federal government exercised little control. It was an era when responsibility for the country's currency remained in the hands of capitalists for whom "making money" was as much a literal as a figurative undertaking.

Mihm's witty tale brims with colorful characters: shady bankers, corrupt cops, charismatic criminals, and brilliant engravers. Based on prodigious research, it ranges far and wide, from New York City's criminal underworld to the gold fields of California and the battlefields of the Civil War. We learn how the federal government issued greenbacks for the first time and began dismantling the older monetary system and the counterfeit economy it sustained.

"A Nation of Counterfeiters" is a trailblazing work of history, one that casts the country's capitalist roots in a startling new light. Readers will recognize the same get-rich-quick spirit that lives on in the speculative bubbles and confidence games of the twenty-first century.

Drawing on research into the book-production records of twelve publishers-including George Bell & Son, Richard Bentley, William Blackwood, Chatto & Windus, Oliver & Boyd, Macmillan, and the book printers William Clowes and T&A Constable - taken at ten-year intervals from 1836 to 1916, this book interprets broad trends in the growth and diversity of book publishing in Victorian Britain. Chapters explore the significance of the export trade to the colonies and the rising importance of towns outside London as centres of publishing; the influence of technological change in increasing the variety and quantity of books; and how the business practice of literary publishing developed to expand the market for British and American authors. The book takes examples from the purchase and sale of popular fiction by Ouida, Mrs. Wood, Mrs. Ewing, and canonical authors such as George Eliot, Wilkie Collins, and Mark Twain. Consideration of the unique demands of the educational market complements the focus on fiction, as readers, arithmetic books, music, geography, science textbooks, and Greek and Latin classics became a staple for an increasing number of publishing houses wishing to spread the risk of novel publication.

The Compelling Saga of One of the World's Oldest Companies.Combining ancient craftsmanship with modern technology andmarketing innovations, Japan's Kikkoman Corporation hasquietly become a $2 billion market leader. The KikkomanChronicles is the fascinating story of how Kikkoman changedthe course of international marketing, shrewdly adapting to20th century realities while never truning their backs oncenturies of tradition; how one man envisioned the future ofglobal enterprise, spearheading the first Japanese manufacturing plant of any kind on U.S. soil; and howgenerations of Mogi family leadership have produced one oftoday's most formidable global competitors.More than an authoritative how-to international business, The Kikkoman Chronicles is the spellbinding story of: Shige Maki, the tough and resourceful woman who narrowlyescaped the 17th century siege of Osaka Castle to sow theseeds to today's Kikkoman Corporation. Kikkoman's survivaland adaptation across more than 300 hyears of social andpolitical upheaval in Japan. Innovative strategies Kikkoman has followed to become the world leader in the productionand marketing of soy sauce - an Asian staple.The Kikkoman Chronicles is a one-of-a-kind corporatebiography. By combining anecdotes and stories about Japan'samazing history wth hands-on tips and recommendations forproven international business success, Ronald E. Yates hasproduced an entertaining book that should become required reading for businesspersons and students throughout the world.

Change manifests itself in all facets of the economy. This important collection of previously published essays illustrates how the evolutionary approach can reveal not only where change comes from, and how it happens, but also where it will lead. The Evolving Economy covers a broad spectrum of issues ranging from the biological foundations of economic behavior to the co-evolution of firms, markets, and institutions. Ulrich Witt's individualistic approach synthesizes elements familiar from the writings of Veblen and Schumpeter on economic evolution. A conceptual debate on what the notion of evolution means in the economic context is as much emphasized as is the discussion of concrete hypotheses explaining why and how evolutionary economic change comes about. Offering an outline of a paradigm focusing on endogenous economic change, this book will be of great interest to economists and economic historians. Sociologists, philosophers and anthropologists will also find this work invaluable as it presents an encompassing assessment of the role of Darwinian thought for understanding human behavior and societal evolutio

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.