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Books > History > History of specific subjects > Economic history
In western societies today, it goes almost without saying that sex
and consumption are closely related. On the one hand, there is a
plethora of commercial goods and services that shape sexual
desires, and practices. On the other, there are scarcely any
products or services that do not lend themselves to sexually
charged advertising and mass media communication. This volume
focuses on forms of hybridization of these equally suggestive
notions.
Management methodology and its applicability in society has changed
drastically during the COVID-19 pandemic. Organizations have had to
adopt new forms of resilience based on the needs of a different
consumer. The COVID-19 market is a challenge for both producers and
consumers as it meets new needs and a new capacity of
merchandising. Challenges and Emerging Strategies for Global
Networking Post COVID-19 fully unleashes the broad potential of
entrepreneurial activity by exploring and highlighting new
businesses and, as a result, the well-being of millions of people
globally throughout the COVID-19 pandemic and prospects for the
future. Delving into topics such as student empowerment, economic
sectors, and personal finance, this book is an essential resource
for managers, CEOs, consultants, faculty of higher education,
students, researchers, policymakers, and academicians.
How have the most influential political economists of the past
three centuries theorized about sovereign borrowing and shaped its
now widespread use? This important question receives a
comprehensive answer in this original work, featuring careful
textual analysis and illuminating exhibits of public debt empirics
since 1700. Beyond its value as a definitive, authoritative history
of thought on public debt, this book rehabilitates and reintroduces
a realist perspective into a contemporary debate now heavily
dominated by pessimists and optimists alike. The book
simultaneously explicates and critiques the most prominent theories
concerning why states borrow in the first place, whether or not
they borrow productively, the incidence of their debts, why they
sometimes borrow too much and why they often default, whether
explicitly or implicitly. The author classifies major public debt
theorists as pessimists, optimists or realists. This book also
examines the influence of regime types, especially why most modern
welfare states tend not only to over-issue bonds but also to incur
even larger implicit obligations via unfunded, off-balance sheet
liabilities. Scholars and undergraduate and graduate students in
economics and political science, as well as policymakers, will find
this analysis of public debt and public spending insightful and
revealing.
'Lucid and damning ... an absorbing - and infuriating - tale of
complicity, coverup and denial' PATRICK RADDEN KEEFE, author of
EMPIRE OF PAIN A groundbreaking investigation of how the Nazis
helped German tycoons make billions from the horrors of the Third
Reich and World War II - and how the world allowed them to get away
with it. In 1946, Gunther Quandt - patriarch of Germany's most
iconic industrial empire, a dynasty that today controls BMW - was
arrested for suspected Nazi collaboration. Quandt claimed that he
had been forced to join the party by his arch-rival, propaganda
minister Joseph Goebbels, and the courts acquitted him. But Quandt
lied. And his heirs, and those of other Nazi billionaires, have
only grown wealthier in the generations since, while their
reckoning with this dark past remains incomplete at best. Many of
them continue to control swaths of the world economy, owning iconic
brands whose products blanket the globe. The brutal legacy of the
dynasties that dominated Daimler-Benz, cofounded Allianz and still
control Porsche, Volkswagen and BMW has remained hidden in plain
sight - until now. In this landmark work, investigative journalist
David de Jong reveals the true story of how Germany's wealthiest
business dynasties amassed untold money and power by abetting the
atrocities of the Third Reich. Using a wealth of untapped sources,
de Jong shows how these tycoons seized Jewish businesses, procured
slave labourers and ramped up weapons production to equip Hitler's
army as Europe burnt around them. Most shocking of all, de Jong
exposes how the wider world's political expediency enabled these
billionaires to get away with their crimes, covering up a
bloodstain that defiles the German and global economy to this day.
'The global financial crisis of 2007-2008 was a wake-up call to all
who study and practice in the field of law and economics:
traditional approaches are simply inadequate for understanding the
co-evolution of the economic and legal systems, and that inadequacy
can result in missed opportunities to warn of impending social
harm. Atkinson and Paschall demonstrate the value of an alternative
approach - law and economics from an evolutionary perspective -
that builds on the work of John R. Commons, a leading figure in the
field nearly a century ago. In the process, they offer an
eye-opening historical account of the role of the state in the
economy and provide a vital starting point for future policy
discussions.' - Charles J. Whalen, author of Financial Instability
and Economic Security after the Great Recession'An indispensable
history of business law and regulation, alongside a powerful theory
of law and the courts. Glen Atkinson and Stephen P. Paschall give
us an evolutionary casebook for the twenty-first century, deeply
rooted in the ideas of Veblen, Commons, and other masters of the
tradition.' - James K. Galbraith, The University of Texas at Austin
'The language of court documents is notably difficult to understand
for people with no legal training. The present volume, a product of
fruitful collaboration between a university professor and a lawyer,
offers valuable assistance in translating US Supreme Court
decisions made in the span of the nineteenth and twentieth
centuries with respect to economic disputes into the language
spoken by evolutionary and institutional economists. As the authors
persuasively show, law and economics co-evolve. A much-needed
follow-up to and development of John Commons's Legal Foundations of
Capitalism! - Anton Oleinik, Memorial University of Newfoundland
and Labrador, Canada and the Central Economics and Mathematics
Institute, Russia Law and economics are interdependent. Using a
historical case analysis approach, this book demonstrates how the
legal process relates to and is affected by economic circumstances.
Glen Atkinson and Stephen P. Paschall examine this co-evolution in
the context of the economic development that occurred in the
nineteenth and early twentieth centuries as well as the impact of
the law on that development. Specifically, the authors explore the
development of a national market, the transformation of the
corporation, and the conflict between state and federal control
over businesses. Their focus on dynamic, integrated systems
presents an alternative to mainstream law and economics. The
authors apply John R. Commons's approach to three main law and
economics issues: the changing relationship between corporations
and the State, the application of the Commerce Clause and the
Fourteenth Amendment of the U.S. Constitution to state and federal
regulation of business, and the relationship of antitrust law to
industrialization. They provide a valuable linking of law with
changing economic circumstances, such as antitrust policy changes
and the development of the corporate form. This analytical approach
to the practice of law and economics will be of interest to
researchers, students, and faculty in law and economics, economic
history, constitutional law, economic regulation, public policy,
and the sociology of law. Business students and researchers will
also find value in this book's presentation of court decisions and
exploration of economic development.
Named a Best Book of 2018 by the Financial Times and Fortune, this New
York Times-bestseller exposes how a 'modern Gatsby' swindled over $5
billion with the aid of Goldman Sachs in 'the heist of the century'.
Now a #1 international bestseller, Billion Dollar Whale is 'an epic
tale of white-collar crime on a global scale' (Publishers Weekly,
starred review), revealing how a young social climber from Malaysia
pulled off one of the biggest heists in history.
In 2009, a chubby, mild-mannered graduate of the University of
Pennsylvania's Wharton School of Business named Jho Low set in motion a
fraud of unprecedented gall and magnitude -- one that would come to
symbolise the next great threat to the global financial system. Over a
decade, Low, with the aid of Goldman Sachs and others, siphoned
billions of dollars from an investment fund -- right under the nose of
global financial industry watchdogs. Low used the money to finance
elections, purchase luxury real estate, throw champagne-drenched
parties, and even to finance Hollywood films like The Wolf of Wall
Street.
By early 2019, with his yacht and private jet reportedly seized by
authorities and facing criminal charges in Malaysia and in the United
States, Low had become an international fugitive, even as the US
Department of Justice continued its investigation.
Billion Dollar Whale has joined the ranks of Liar's Poker, Den of
Thieves, and Bad Blood as a classic harrowing parable of hubris and
greed in the financial world.
Business Statistics of the United States is a comprehensive and
practical collection of data from as early as 1913 that reflects
the nation's economic performance. It provides several years of
annual, quarterly, and monthly data in industrial and demographic
detail including key indicators such as: gross domestic product,
personal income, spending, saving, employment, unemployment, the
capital stock, and more. Business Statistics of the United States
is the best place to find historical perspectives on the U.S.
economy. Of equal importance to the data are the introductory
highlights, extensive notes, and figures for each chapter that help
users to understand the data, use them appropriately, and, if
desired, seek additional information from the source agencies.
Business Statistics of the United States provides a rich and deep
picture of the American economy and contains approximately 3,500
time series in all. The data are predominately from federal
government sources including: Board of Governors of the Federal
Reserve System Bureau of Economic Analysis Bureau of Labor
Statistics Census Bureau Employment and Training Administration
Energy Information Administration Federal Housing Finance Agency
U.S. Department of the Treasury
This unique troika of Handbooks provide indispensable coverage of
the history of economic analysis. Edited by two of the foremost
academics in the field, they gather together insightful and
original contributions from scholars across the world. The
encyclopaedic breadth and scope of the original entries will make
these Handbooks an invaluable source of knowledge for all serious
students and scholars of the history of economic thought. Each
Handbook can be read individually and acts as a self-contained
volume in its own right. They can be purchased separately or as
part of a three-volume set. Volume III contains entries on the
development of major fields in economics from the inception of
systematic analysis until modern times. The reader is provided with
succinct summary accounts of the main problems, the methods used
and the results obtained across time. The emphasis is on both the
continuity and major changes that have occurred in the economic
analysis of problematic issues such as economic growth, income
distribution, employment, inflation, business cycles and financial
instability. Contributors: M. Assous, A. Baccini, Jr., A. Baujard,
E. Bertrand, M. Boumans, J.L. Cardoso, M. Dal Pont-Legrand, J. De
Boyer Des Roches, M. De Vroey, S. Di Rizzello, S. Diatkine, K.
Dopfer, A.K. Dutt, R. Ege, G. Erreygers, D. Foley, R. Gomez
Betancourt, D. Haas, H. Hagemann, E. Hosoda, H. Igersheim, A.
Kirman, J. Kleinert, H. Kliemt, H.D. Kurz, R. Leonard, P.
Malgrange, A. Maneschi, P. Mehrling, S. Mohun, M. Mosca, S. Noto,
A. Opocher, N. Palan, F. Petri, A. Rainer, S. Rizzello, J.B.
Rosser, M. Salles, N. Salvadori, M. Schutz, R. Signorino, A. Spada,
P. Steiner, A. Stirati, R. Strohmaier, R. Sturn, C. Sunna, J.-F.
Thisse, P. Tubaro, K. Watarai
The development of political economy as a philosophical
preoccupation constitutes a defining feature of the Enlightenment,
but no consensual agreement on this issue was formed in the period.
In this book contributors reassess the conflicting views on money,
trade, banking, and the role of the State in the work of leading
figures such as Locke, Davenant, Toland, Berkeley and Smith, and
Smith's critics in revolutionary France. Key events, from the
Recoinage crisis in the 1690s to the South Sea Bubble in the 1720s
and the consequences of the French Revolution, sharpened the need
for a more dynamic conception of economic forces in the midst of
the Financial Revolution. Political economy emerged as a disruptive
force, challenging philosophers to debate and define unstable
phenomena in a new climate of expanding credit, innovation in money
form, political change and international competition. In Money and
political economy in the Enlightenment contributors investigate
received critical assumptions about what was progressive and what
was backward-looking, and reconsider traditional attempts to
periodise the Enlightenment. Major questions explored include: the
impact of economic and political crises on philosophy; transitions
from mercantilist to 'classical' analyses of the market; the
challenge of reviving ancient republicanism on the foundations of a
modern commercial system, with its inherent social inequalities.
This book is the first comprehensive study of debts and credit
system at Emar. It focuses on the socio-economic aspects of credit
access and indebtedness as well as on the motivations behind debts
and debt settlement in the city of Emar. The credit system is
analyzed through several factors: the purpose of debts, i.e.,
productive or consumptive; the procedures for granting loans; the
strategies put in place to meet an obligation and to cope with
economic difficulties; the consequences of non-fulfillment, which
may lead to servitude or slavery; the different types of slavery;
slave prices; the mechanisms of enslavement; and termination of
slavery. Moneylending practices and the formation of servile
conditions at Emar are studied in the context of the Syrian economy
aiming to understand whether the Emar evidence conforms with a
socio political and economic crisis that is generally acknowledged
to have struck Syria, Anatolia and Northern Mesopotamia at the end
of the Late Bronze Age. This work is of sure relevance for scholars
interested in socio-economic history, not only of the pertinent
historical-geographical area.
The Post-Keynesian methodology emphasising uncertainty is
indispensable to analysing and understanding the major challenges
of the 21st Century. On that basis, this book focuses on the
failures of the market economic system to secure stability and
sustainability, and demonstrates why this is not recognised by
conventional economic theory. The Post-Keynesian economics set out
here aims for an understanding of the economy as a whole and as an
integral part of society. Chapters analysing money, banks and
finance as dynamic phenomena open the book. They are followed by
chapters focusing on methodological issues such as uncertainty,
longer-term aspects, sustainability and other non-monetary economic
activities. This important book is a useful tool for students and
researchers who wish to gain a better understanding of real world
economics. In these areas where conventional macroeconomic theory
may not be sufficient, this book offers viable post-Keynesian
alternatives. Contributors include: A. Asensio, V. Chick, S. Dow,
A. Freeman, J. Ghosh, C. Goodhart, P. Hawkins, J. Jespersen, M.O.
Madsen, R. McMaster, C.J. Rodriguez-Fuentes, R. Rotheim, S. Sen, R.
Studart, B. Tieben, G. Tily
'A fascinating analysis of the proposition that the start of the
21st century is witnessing the rapid rise in South East Asia of a
new and powerful transnational economic zone, the Asian
Mediterranean. It uses a wide range of historical and contemporary
multidisciplinary sources to systematically explore how, why, and
in what ways we can better interpret and understand this
contemporary version of economic globalisation by looking back to
the equivalent processes centred on the ports around the
Mediterranean and the Baltic seas during late 16th century.' -
Peter Daniels, University of Birmingham, UK 'Francois Gipouloux has
written a vast and comprehensive history of the Asian economic
system. In the tradition of Braudel, he paints a picture that is
detailed, full of insight, and essentially very long term. On the
basis of an analysis of the old Mediterranean and Hanseatic
economic networks, he surveys the pre-modern Asian system, bringing
it up to date with studies of Yokohama, Hong Kong, Singapore and
other Asian hubs. The culmination of many years work, Gipouloux
throws light on a new China -- a China no longer land based and
inward looking but dependent on, and a power in, a maritime world.'
- Christopher Howe, University of London, UK 'Gipouloux's ground
breaking study based on a long career as a scholar of Asia's past
is a most original contribution to the study of globalization.
Connecting past and present, the author has further developed the
somewhat vague metaphor of an Asian Mediterranean into a well
defined concept that can also be applied for analyzing contemporary
affairs. While in the past the traditional Chinese and Japanese
state systems were failing to formulate adequate answers, on a more
informal level, the port cities were able to meet with the maritime
challenges of the emerging modern world system. The author
convincingly shows how also in the age of globalization, a string
of coastal metropolises continues to be instrumental in opening up
the Far Eastern economy to the global economy.' - Leonard Blusse,
Leiden University, The Netherlands This insightful book draws upon
a wide range of disciplines - political economy, geography and
international relations - to examine how Asia has returned to its
central position in the world economy. As in the case of the
hosting of the Olympic games, it is cities rather than states which
compete, whether as financial centers, logistical hubs or platforms
for coordinating international subcontracting. Analyzing the
historical precedents of the Mediterranean maritime republics, the
Baltic Sea Hanseatic League and the South China Sea mercantile
kingdoms, the book delineates the way stable economic and legal
institutions were developed largely beyond the purview of, and at
times in conflict with, the State. Discussing the strong link
between history and contemporary economic situation, The Asian
Mediterranean will appeal to academics, including post-graduates
students, of economics, geography, history, regional studies and
Asian studies.
The endogenous nature of money is a fact that has been recognized
rather late in monetary economics. Today, it is explained most
comprehensively by post-Keynesian economic analysis. This book
revisits the nature of money and its endogeneity, featuring a
number of the protagonists who took part in the original debates in
the 1980s and 1990s, as well as new voices and analyses. Expert
contributors revisit long-standing discussions from the position of
both horizontalism and structuralism, and prescribe new areas of
research and debate for post-Keynesian scholars to explore.
Louis-Philippe Rochon and Sergio Rossi eloquently situate the
nature of money and its endogeneity in an historical context,
before bringing together an engaging array of chapters written by
contemporary leading scholars. These chapters put forth detailed
analyses of money creation; central bank operations and the role of
monetary authorities; a link between interest rates and income
distribution; a stock-flow analysis of monetary economies of
production; and finally, a reinterpretation of horizontalism and
structuralism. Post-Keynesian and heterodox economists,
institutionalist economists, scholars of money and finance, and
graduate students studying economics will all find this an
enlightening read. Contributors include: A. Cottrell, P. Dalziel,
P. Docherty, G. Fontana, S.T. Fullwiler, E. Hein, J.E. King, J.
Knodell, M. Lavoie, N. Levy-Orlik, C.J. Niggle, T.I. Palley, Y.
Panagopoulos, L.-P. Rochon, C. Rogers, S. Rossi, M. Sawyer, M.
Setterfield, J. Smithin, A. Spiliotis
How should national security concerns alter our perception of what
constitutes good economic policy? Survival: The Economic
Underpinnings of American National Security introduces principles
of national security thinking relevant to public policy, then
illustrates application of these principles in a number of policy
areas including fiscal policy, healthcare, education, immigration,
welfare and poverty abatement, energy, and the environment.
Technological Revolutions and Financial Capital presents a novel
interpretation of the good and bad times in the economy, taking a
long-term perspective and linking technology and finance in an
original and convincing way. Carlota Perez draws upon Schumpeter's
theories of the clustering of innovations to explain why each
technological revolution gives rise to a paradigm shift and a 'New
Economy' and how these 'opportunity explosions', focused on
specific industries, also lead to the recurrence of financial
bubbles and crises. These findings are illustrated with examples
from the past two centuries: the industrial revolution, the age of
steam and railways, the age of steel and electricity, the emergence
of mass production and automobiles, and the current information
revolution/knowledge society. By analyzing the changing
relationship between finance capital and production capital during
the emergence, diffusion and assimilation of new technologies
throughout the global economic system, this seminal book sheds new
light on some of the most pressing economic problems of today. A
bold interpretation of how the changing relationship between
technological advances and financial capital shapes the patterns of
economic cycles, this path-breaking book will provide essential
insights for business leaders, policymakers, academics and others
concerned with managing change in the world economy.
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