This important new book presents a state-of-the-art assessment of how economic models can be used by different levels of government to combat environmental problems. It considers policies for climate change and transport that can be used at federal and confederal levels of government. The authors examine the unique aspects of environmental policy making in a multi-layered government using empirical case studies covering Europe and the US. They consider the causes of pollution at three levels - federal government, local government and industries and firms. Concentrating on greenhouse gas abatement and the transport sector, they use quantitative techniques to compare alternative policy solutions. This quantitative approach overcomes problems of some inconclusive theoretical prescriptions, which often depend on combinations of particular parameter values. In addition, this method makes it possible to investigate the costs and benefits of a particular solution, and the distribution effects between different groups. This approach also provides insights into the economic consequences of the application of local versus national or federal policies. Climate Change, Transport and Environmental Policy provides the necessary analysis required for environmental policy making in that it uses a quantitative approach to balance the costs and benefits of alternative policy options. Climate Change, Transport and Environmental Policy is an important addition to the literature and will be welcomed by environmental policymakers at the local, regional, national and international level as well as scholars and postgraduate students in environmental economics and public policy.

This book examines real and monetary analysis in economic paradigms and looks at real analysis in a range of economic theories. The book also examines interest rate, distribution and capital accumulation through post-Keynesian models, including the Kaldor-Robinson and Kaleckian models, and distribution conflict, inflation and monetary policy in a credit economy.

With motivated human resources and a rich natural bounty, Myanmar is expected to take off with sustained growth and eventually attain a unique welfare state. On the basis of the authors' field surveys and innumerable dialogues with public officials, private professionals, scholars, and others, in addition to intensive desk studies since around 2000, the present volume lays out the essential ingredients for drawing a roadmap to realise the above-mentioned objective. That goal is, specifically, financial development, adequate social capital, indigenous modern manufactures and closer international tie-ups, among others, but above all, sound agrarian development. An effort has been made to place the required ingredients in their historical contexts, as historical experiences constitute an important sociopolitical condition in which development takes place. Myanmar nationals and readers concerned with the country's economic progress are encouraged to give serious, sustained thought to coming up with a socially supportable roadmap for the country's development path. The present volume provides valuable hints for that purpose.

This text proposes and applies an analytical framework to study the institutional continuity and changes in China. More specifically, this study examines and explains the premodernity and the modernization process of China. On the track of a state-led modernization, China is found to be institutionally entering the nets of the market economy. An inquiry of China's labour allocation patterns and their changes serves as an indicator for the institutional analysis.

This collection of essays by prominent economists and philosophers showcases the important contributions that markets can make to important topics within social economics, including practical issues such as poverty and disaster relief, as well as more general concerns regarding ethics and well-being.

Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume II assess application and policies.

The subject of this volume is the human economy and its coevolutionary relationship with the natural world. This relationship is examined in three broad types of societies; hunter--gatherers, agriculturalists, and modern market economies. A growing body of scientific evidence has made it clear that the current human impact on the environment is far above the level that can be maintained without causing profound changes in the biophysical world to which we belong. The new fields of ecological economics and evolutionary economics can help us understand the relationship between the economy, society and the environment and may help us to formulate effective policies to manage these changes.

This is an updated and edited version of Robin Marris' classic "The Economic Theory of Managerial Capitalism" (1964). This was widely recognized as pathbreaking as it was the first attempt by a professional economist to make a formal theory of the behavior and growth of a large-scale "managerial" corporation based on a realistic assessment of the sociological and institutional environment. The model determined the long run growth rates of individual firms on the basis of the financial and market environment on the one hand, and the needs, interest and aspirations of both managers and shareholders on the other. Managers in particular were shown to trade desire for growth against fear of takeover. These then novel important features of modern capitalism--mergers, takeovers and executive bonuses and the relationship between the growth of firms and the growth of the economy--have become increasingly topical. The new book contains the original introduction along with reworked and updated coverage of the theoretical model, along with completely new chapters both of micro-theory and assessing and responding to the debate which the book created.

A witty, scathing, but fair account of the tech industry by a legendary journalist who has covered the Silicon Valley boom since the very beginning, and who is respected and feared in equal measure by everyone from Mark Zuckerberg to Tim Cook.

From award-winning journalist Kara Swisher comes a witty, scathing, but fair accounting of the tech industry and its founders who wanted to change the world but broke it instead.

While tech titans bragged they would "move fast and break things," Kara Swisher was moving faster and breaking news. Covering the explosion of the digital sector in the early 1990s, she developed a long track record of digging up and reporting the truth of this new world order. Her consistent scoops drove one CEO to accuse her of "listening in the heating ducts" and for Facebook's Sheryl Sandberg to once say: "It is a constant joke in the Valley when people write memos for them to say, 'I hope Kara never sees this.'"

Burn Book is part memoir, part history and, most of all, a necessary recounting of tech's most powerful players. This is the inside story we've all been waiting for of modern Silicon Valley and the biggest boom in wealth creation in the history of the world.

While still in college, Swisher got her start at The Washington Post, where she became one of the few people in journalism interested in the emerging field of tech. She was among the first to recognize the potential of the internet, accurately predicting that "everything that could be digitized, would be digitized." She went on to work for The Wall Story Journal, joining with Walt Mossberg to start the groundbreaking AllThingsD conference, as well as pioneering online tech sites.

It's only a slight exaggeration to say Swisher has interviewed everyone. Steve Jobs, Jeff Bezos, Elon Musk, Bill Gates, Bob Iger, Larry Page and Sergey Brin, Meg Whitman, Peter Thiel, and Mark Zuckerberg are just a few who Swisher made sweat-figuratively and, in one famous case, literally.

Despite the damage she chronicles, Swisher remains optimistic about tech's potential to help solve problems and not just create them. She calls upon the industry to make better, more thoughtful choices, even as a new set of powerful AI tools are poised to change the world yet again. At its heart, this book is a love story to, for, and about tech from someone who knows it better than anyone.

Burn Book includes soaring tales of innovation and brilliant entrepreneurs, as well as Silicon Valley's much more complex history of striving, success, and failure. The book details how the commercial internet came into being and how, for all it has given the world, it now sits at the center of global power, creating a clear and present danger to humanity.

The notion of information is multifaceted. According to the case, it is a simple signal or already knowledge. lt responds to codes and is inscribed into a social relationship. There are clearly many perspectives which the social sciences can take to analyse the notion of information. The economy cannot account for the majority of situations where, in the activities of production, consumption or exchange, the notion of information finds itself implied, although each school of thought has its own understanding of the notion of information. This book takes this observation as a starting point and goes on to clarify a contemporary debate on the economy of information which remains quite vague, making use of the ways in which different theoretical approaches deal with information. To seize the nature and scope of the transformations in our societies, a consequence of our new ways of handling, stocking and circulating information in the workings of the markets like Organisations, such a theoretical exercise seems useful. The organisation of the book results from this choice. The contributions gathered in one part deal with the role of information in the functioning of the markets, those featuring in another are more interested in the organisations. To favour an enriching cross-reading of approaches developed in the two sections already referred to, we have preceded these with a section gathering approaches (which are more transversal) developing different theories of information (according to perspectives which are, respectively, systematic, statistical or strategic).

As a collection of alternative views on societies, methodologies, policies, and assessment of the current elements of the society, Alternative Perspectives of a Good Society brings together different authors to answer different questions all within the context of visions of a good society. From the visions of institutionalist views of what constitutes a good economy in the twenty-first century to a feminist perspective on the meaning and characteristics of a good society, this discussion will provide a framework for examining the current economic crisis among other pressing topics of the times. Marxist ideas about human nature are explored along with a number of the issues involved in the transition from our capitalist society, to a better post-capitalist society and post-capitalist human being, concluding with the consideration of the good society perspective from a development ethics point of view. The contributors to this volume offer methodological principles and alternative policies for building alternative socio-economic models that can contribute to the design of strategies for building a better world.

To follow.

For two-semester courses in the principles of economics. An introduction to the functioning of the economy and the power and breadth of economics Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Economics, 13th Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way.

Using the frameworks of systems theory, modernization, and the world system, New Age Globalization presents a composite multilevel, multidirectional picture of globalization informed by eight different but interdependent subsystems unlike most other works in this genre of literature that imply globalization to be nothing more than the global economy. The eight subsystems or dimensions of globalization discussed include global demographic, economic, environmental-ecological, political, conflictive, cultural, scientific-technological, and religious subsystems. The result of these multiple perspectives and data sources should be of interest to a large cross-section of global readership of scholars, business leaders, and policy-makers in an unfolding world order that can make or unmake the lives of millions of people around the world.

This book advances Post-Keynesian Institutional economics, an integrative tradition-inspired by keen economic observers such as John Kenneth Galbraith, Joan Robinson, and Hyman Minsky-that bridges Institutional and Post Keynesian economics. The tradition proved its worth by addressing the global financial crisis of 2007-2009, as well as by analyzing long-term trends accompanying the evolution of investor-driven ("money manager") capitalism, including financialization, spreading worker insecurity, and rising inequality. This Modern Guide begins with the history and contours of Post-Keynesian Institutionalism, and then breaks new ground, extending recent analyses of contemporary economic problems, sharpening concepts and methods, sketching new theories, and synthesizing ideas across research traditions. Written by leading scholars, this authoritative collection identifies policy-relevant frontiers-on matters ranging from social capital and economic democracy to feminism and environmental sustainability-thereby setting an ambitious agenda for further Post-Keynesian Institutionalist research. In addition to being useful as a statement of current Post-Keynesian Institutionalist issues and research, the book serves as both a valuable reference volume and a source of material appropriate for course adoption for undergraduate and graduate students. Policymakers and policy analysts dissatisfied with the status quo should also find the book of interest. It will likely be especially relevant to those concerned with financial instability, worker insecurity, and inequality, problems that in recent years have had considerable economic and political consequences.

This book offers insight into the current developments in mathematical economics. The book is intended for a broad audience and technicalities are kept to a minimum. The issues addressed include general equilibrium, price competition, auctions, environmental policy, networks, dynamic (in)stability and bounded rationality. Moreover, the book contains a survey and appraisal of the work of Claus Weddepohl, to whom the volume is dedicated. In his academic career, Claus Weddepohl made important contributions to the development of mathematical economics. He did so in his own writings on general equilibrium theory, the theory of markets and on economic dynamics. He was also a stimulating teacher and inspired the scientific research of many of his colleagues.

The book provides conceptual and empirical insights into the complex relationship between knowledge flows and regional growth in the EU. The author critically scrutinizes and enhances the RIS (Regional Innovation System) approach, discussing innovation as a technological, institutional and evolutionary process. Moreover, she advances the ongoing discourse on the role of space and technological proximity in the process of innovation and technological externalities. The book closes with an investigation of the role of technological change and knowledge spillovers in the dynamic growth and catching-up of EU regions. "

Today, Europe is facing a political crisis because it has not solved a double dilemma. The first one is institutional and concerns the frontiers of the Union and thus the number of potential regions. The second one is economic, and makes it necessary to choose between, on the one hand, the need to strengthen the European growth poles (especially the metropolitan regions) in order to compete successfully with the Triad and the Asiatic countries and, on the other, the obligation to ensure ???harmonious development??? and to distribute the structural funds more evenly or even to concentrate them in the Eastern countries and the less favoured regions characterized by atonic growth. In other words, the choice facing the European Commission reflects the crucial dilemma between size and integration and between equity and growth. In terms of territorial prospective and management, four main scenarios must be compared and their impacts must be estimated: the strengthening of concentration, the diffused metropolization, the increase of regional inequalities and the polycentrism.
This is the main reason why the question of European regional convergence is now attracting considerable attention, since polarization phenomena and specific regional trajectories are challenging the hypothesis of automatic catch-up within the European Union over nearly two decades. This interest is further compounded by the huge challenge of integrating the ten new Eastern countries, two other candidates in 2007 (Bulgaria and Romania) and probably several other ones in the near future (especially Croatia, but also Moldavia and Ukraine and, perhaps, Turkey). For regional policy-makers, the main concern is to makemonetary integration successful, to moderate the divergent forces and to stimulate the lagging territories.
This study of spatial convergence is very interesting, because it combines theoretical openness, access to recent statistical databases (REGIO) and the use of mathematical applications (Markov chains, Generalized Moments method), together with the possibility of conducting empirical tests leading to a new analysis of decentralization policies and to the characterization of new growth factors and new locational strategies.
All these methods are used to analyze the empirical reality of the European convergence process, for Western European countries and Eastern ones successively. A final chapter on the regional dynamics in Ukraine and Russia is also added. The results show a strong diversity of regional evolutions at an aggregate level and specific spatial dynamics at a sectoral level. The role of agglomeration economies (density, regional capitals) and spatial externalities (diffusive growth), especially through autocorrelation tests and fixed effects analysis, as well as the importance of regional specialization and of metropolarization are confirmed. To sum up, the main finding of this book is the coexistence of national convergence and regional divergence for the Western countries and the converse for the Eastern ones. All these empirical results shed light on the relevance of new economic geography, the need to distinguish spatial and institutional hierarchies and give some appropriate strategies to policymakers.
The questions of the quality of the integration and the prospect of further enlargement of the European Union to the East (up to the Urals frontier?)highlighted by these empirical findings demand ingenious political management in order to reconcile regional diversity (and especially the fact that a moderate level of inequalities could stimulate global growth) and the European project itself (not only the economic aspects but also the political and cultural aspects).
To conclude, the main question is whether the European Union has the means to play on different fields (geographic size, cultural mix and above all distribution of structural funds) without threatening its long-term growth and diluting its economic culture (and its ???social cohesion???) in the face of globalization.

Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way for himself if society is sweeping towards de struction. Therefore everyone, in his own interests, must thrust himself vigorously into the intellectual battle. No one can stand aside with unconcern: the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our 1 epoch has plunged us. his is the message of Ludwig von Mises. In the historical T battle of ideologies, Mises is a pivotal figure. With great courage and decisive effect he carried the banner of truth and freedom for others through a time of rising statism. Murray Rothbard is correct when he says, " . . . if the world is ever to get out of its miasma of statism, or, indeed, if the economics profession is ever to return to a sound and correct development of economic analysis, both will have to abandon their contemporary bog and move to that high ground that Mises developed for us. " 2 This collection of essays is both a restatement and extension of the major contributions of Mises in epistemology, history, econom ics, and political philosophy. Mises began constructing the high ground on the foundation provided by Carl Menger and Eugen von B6hm-Bawerk."

This volume gathers some of the finest and most recent research in economic and political design. Among the authors are several most prominent academics as well as many new and promising researchers. They investigate social choice and electoral systems, auctions, matching, bargaining, coalitional stability and efficiency, regulation, the design of rights, mechanisms, games, hierarchies and information. The book is bound to become a standard reference as a collection displaying where we are and where we are going in a broad spectrum of areas in economic design.

This is a collection of essays which were published variously between 1973 and 1985 in the CSE journals "Bulletin of the Conference of Socialist Economists" and "Capital and Class" which investigate from a variety of viewpoints fundamental categories of Marxian economics. It includes the English translation of Marx's "value-form" appendix to the first German edition of "Capital I" and a 1920s commentary on Marx's categories by the Russian economist I.I. Rubin. The remaining essays each include a postscript in the early 1990s.

In Debt, Innovations, and Deflation, the authors analyze the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A. Schumpeter, and Hyman Minsky. In so doing, they develop a paradigm for understanding the phenomenon of deflation. They explain how technological, organizational, and financial innovations, combined with developments related to the creation and use of debt, give rise to conditions in which both deflation and inflation can be present in the modern economy. The past several years have ushered in a new era in economic policy issues. After decades of concern over inflation, a series of studies brought to light the potentially greater danger of deflation. In response, the authors provide a critical re-examination of the literature and theories of deflation. A driving question behind the research is whether post-World War II capitalist economies rely on economic policies and institutional reforms to keep an inherent tendency toward deflation in check? And can the theories of Veblen, Fisher, Schumpeter and Minsky shed light on how the creation and use of debt can create a modern economy affected simultaneously by deflation and inflation? Scholars and students of economic history and finance will enjoy this insightful examination of the subject.

Richard Layard is one of Britain's foremost applied economists. His work has had a profound impact on the policy debate in Britain and abroad. This book contains his most influential articles on education, equality and income distribution and on the lessons of economic transition in Eastern Europe. It is published along with a companion volume. "Educational Inequality" argues that lifetime inequality is the basic inequality we should worry about. In this context education is a powerful instrument of redistribution, as well as a national investment. Cash redistribution has efficiency costs which can be calculated, but it may also serve to discourage inefficient over-work arising from each person's efforts to earn more than his neighbor. A final series of essays is based on Layard's recent work on reform strategies in Russia and Poland. The book opens with Richard Layard's personal credo "Why I became an economist."

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.

In modern economies a substantial proportion of resources is increasingly allocated to transaction costs. An improvement in the definition of transaction costs to include both the information role and efficiency role requires an integration of the approaches of positive economics and normative economics. In The Economics of Transaction Costs P.K. Rao provides a comprehensive analytical treatment of the subject and suggests a few directions for formal economic models.