"This volume is one of the first books to consider the impact of tripartism across the developing world. It covers 8 case studies from Afrcia, Asia, Eastern Europe and Latin America, focusing on developments since the 1990s. These studies show that tripartism has the effect of reducing the social impact of neo-liberal economics reforms"--Provided by publisher.

Alfred Marshall and Modern Economics demonstrates that it is possible to take Marshall's theoretical insights in two distinctly different directions: one is to reject evolution and go down the equilibrium path, while the second is to reject equilibrium and go down the evolutionary path. Neil Hart re-examines Marshall's legacy and relevance to modern economic analysis with the more settled conventional wisdom concerning evolutionary processes allowing advances in economic theorising which were not possible in Marshall's life time. A more theoretically coherent and relevant approach to modern economic analysis is proposed by connecting aspects of Marshall's revitalised evolutionary economics with Post-Keynesian theories, in a manner which parallels Marshall's endeavour to maintain a unity between value theory and explanations of industry organisation and economic development. This book will be essential reading for all researchers and students interested in the history of economic thought.

John Kenneth Galbraith: The Economist as Political Theorist is a comprehensive analysis of John Kenneth Galbraith's political economy, placing him within the development and evolution of twentieth century American liberalism. This book examines the continuing link between politics and economics in American political discourse by locating Galbraith in a framework of liberal and conservative theory, controversy, alternatives, and policy. By analyzing Galbraith's complex arguments, Waligorski addresses important issues about the content and nature of American political thought and policy conflict including freedom, equality, inequality, individualism, democracy, the legitimate role of government, the nature of a good society, the structure of modern capitalism, and the failure of contemporary economic theory to serve as a guide to a better life. Many of the issues that drive contemporary politics today are simultaneously political, economic, and ideological. As an economist, political theorist, and cultural critic, Galbraith epitomizes this interconnection."

Since the individuals are not just stimulus-response machines but more complex beings that think and are simultaneously conscious of their thought, re?exivity is potentially involved in all human acts of cognition and in all conceptualizations. On this basis, each human discourse can be characterized as a way of thought f- mulation and therefore, reveals a self-referring nature. On this level of re?exivity, the individual thought shapes beliefs and mental representations which give life to mental models and strive to predict future events and developments to support the individuals in their decision-making. Such mental models are re?ected by the - dividuals themselves and on the situation they are confronted with. According to the result of this recursive application, the individuals will then decide which model they want to refer to, or in other words, which model they want to absorb. Similarly, the individuals can make use of social theories and predictions which can therefore yield recursive effects and interfere with the phenomena they aim to depict. Revealed theories, if accepted, may in?uence the behaviour or the agents they focus on, either in the sense of validation of the theoretical content or in that of its rejection.

This book presents selected examples of digitalization in the age of digital change. It is divided into two sections: "Digital Innovation," which features new technologies that stimulate and enable new business opportunities; and "Digital Business Transformation," comprising business and management concepts that employ specific technological solutions for their practical implementation. Combining new insights from research, teaching and management, including digital transformation, e-business, knowledge representation, human-computer interaction, and business optimization, the book highlights the breadth of research as well as its meaningful and relevant transfer into practice. It is intended for academics seeking inspiration, as well as for leaders wanting to tap the potential of the latest trends to take society and their business to the next level.

Given the increase in large scale mergers throughout the world, this book addresses the growing problem of restricted competition through collusion and the perennial debate surrounding the use of government subsidies for industries to further national interests. The aims of the book are threefold; firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed. Secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy, and thirdly, to discuss the practice of competition policy in the US, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints. Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy. This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics.

At both a micro-information level and a macro-societal level, the concepts of "knowledge" and "wisdom" are complementary - in both decisions and in social structures and institutions. At the decision level, knowledge is concerned with how to make a proper choice of means, where "best" is measured as the efficiency toward achieving an end. Wisdom is concerned with how to make a proper choice of ends that attain "best" values.

At a societal level, knowledge is managed through science/technology and innovation. And while science/technology is society's way to create new means with high efficiencies, they reveal nothing about values. Technology can be used for good or for evil, to make the world into a garden or to destroy all life. It is societal wisdom which should influence the choice of proper ends -- ends to make the world a garden.

How can society make progress in wisdom as well as knowledge? Historically, the disciplines of the physical sciences and biology have provided scientific foundations for societal knowledge But the social science disciplines of sociology, economics, political science have not provided a similar scientific foundation for societal wisdom. To redress this gap, Frederick Betz examines several cases in recent history that display a fundamental paradox between scientific/technological achievement with devastating social effects (i.e., historical events of ideological dictatorships in Russia, Germany, China, and Yugoslavia). He builds a new framework for applying social science perspectives to explain societal histories and social theory. Emerging from this methodological and empirical investigation is a general topological theory of societal dynamics. This theory and methodology can be used to integrate history and social science toward establishing grounded principles of societal wisdom. "

The 1980s have witnessed the mass migration of developing countries and the erstwhile socialist nations to market-based economic systems. The reality is that limited finance has been a formidable barrier to these countries' growth and development. Moreover, they need to rely on their internal sources as external funds are not easily forthcoming. This book identifies four sources of internal finance--tax policies, capital markets, specialized financial institutions (such as development banks), and privatization of the public sector. It examines the conceptual foundations, operating and theoretical issues, as well as strategic considerations relating to these sources.

In Part I, Kumar surveys and synthesizes theories of economic development and growth. He concludes by pointing out that these theories have ignored the importance of financial factors, i.e. markets and institutions. Part II, which relates to the internal sources of development finance, begins by examining tax policies. The author surveys the conceptual foundations of financial intermediation and then examines the role of capital markets and specialized financial institutions. Finally, the privatization of the public sector is seen as a special case of intermediation. The book clearly identifies the interrelationships among the internal sources of finance. Efficient financial intermediation is seen as the key to the growth and development of these nations. Ideal as a required text in courses in development finance and economics, this book is an important resource for consultants, professionals in the field of development, and government officials.

This book describes recent trends in growth curve modelling research in various subject areas, both theoretical and applied. It explains and explores the growth curve model as a valuable tool for gaining insights into several research topics of interest to academics and practitioners alike. The book's primary goal is to disseminate applications of the growth curve model to real-world problems, and to address related theoretical issues. The book will be of interest to a broad readership: for applied statisticians, it illustrates the importance of growth curve modelling as applied to actual field data; for more theoretically inclined statisticians, it highlights a number of theoretical issues that warrant further investigation.

In a globalized financial market, the success of an organization in one country is often inextricably linked to the economic viability of an array of other nations and governments. As such, global concerns the simultaneous consideration of global and local aspects of business often take precedence. Global Strategies in Banking and Finance explores the concept of a glocal industry through case studies, emerging research, and interdisciplinary perspectives applicable to a variety of fields in banking and finance. Within these pages, researchers and practitioners will discover tips, strategies, and best practices towards maintaining a competitive advantage and positioning their respective organizations in the global marketplace."

This is the first comprehensive presentation of how monetary policymakers can use market prices to produce price stability. Drs. Johnson and Keleher show why other, conventional methods have failed and why market prices are superior guides for setting monetary policy. Their book presents the rationale, history, and philosophy underlying their approach; offers three forms of empirical research evidence to support it; and then presents special methods to use market prices as policy setting guides. Important and challenging reading for monetary policymakers and economists, bankers, financial analysts, and professional investors, as well as their colleagues in the academic community with similar interests.

Substantial changes involving revolutions in telecommunications and information processing, financial deregulation, and the global integration of financial markets have altered the environment in which central banks operate. This altered environment has undermined various conventional approaches to monetary policy. This book presents an alternative market price approach to monetary policy. The approach is easily adapted to the above-cited change: it adopts a price stabilization policy goal and uses key market prices from the commodity, foreign exchange, and bond markets as guides to policy. Commodity prices, foreign exchange rates, and bond yields represent proxies for the exchange rate between domestic money and (1) commodities, (2) foreign monies, and (3) future money (bonds), respectively. These market prices are assessed in conjunction with one another to yield policy guidance to the monetary authority. This book describes how this approach is carried out in practice. Empirical evidence support the approach from three perspectives. First, empirical support exists for each of the individual market price indicators examined in isolation. Second, market price indicators provided accurate signals for monetary policymakers during the post-Bretton Wood era. Had this market price approach been used by policymakers, the performance of the macroeconomy during this period likely would have been improved. Third, at least one historical episode demonstrates that when the approach was employed, economic performance was impressive, and price stability was, in fact, achieved.

This fourth volume examines his time in Vienna and Chicago (1931-1950), when Hayek held the prestigious University of London Tooke Professorship of Economic Science and Statistics. Between Vienna and Chicago (1931-1950), although his business cycle work was apparently defeated, this study takes a closer look at Hayek's successes.

This volume revisits Karl Polanyi's analysis of the institutional separation of politics and the economy in the context of the nineteenth century market society to argue that the market economy is not a spontaneous process, but a "political project" realized through institutional changes whereby labor, land, money, and currently knowledge appear as commodities. The contributions explore the political dynamics of this commodification process, its implications for human life and livelihood, and the possibilities for the advent of a more viable order where the economy would be replaced under social control. With its interdisciplinary reach, the book is of interest to academics and graduate students in different fields such as economic sociology, political economy and social policy.

The savings and loan crisis and the banking troubles of the 1980s and early 1990s were not primarily due to fraud, deregulation, inadequate supervision, overly exuberant lending, abrupt changes in tax policies or a host of other short-term causes. All of these factors certainly exacerbated and, in some cases triggered, the problems of depository institutions. But the underlying fundamental reason for the thrift crisis and banking troubles, argues banking and financial analyst David S. Holland, was a form of excess capacity that resulted from many decades of protection from the rigors of competition and the marketplace. Dr. Holland shows that the protection was due to geographical and product limitations and a deposit insurance system that became focused on the prevention of failures of individual institutions. By 1980, the depository institutions industry was ripe for a severe culling--a culling that legislators and regulators probably could have done little to avoid, although they might have channeled and controlled it better. How the government, the industry, and the public reacted to the culling is an instructive and fascinating study in human nature for all those concerned with banking policy and regulation.

This volume deals with both a new theoretical framework and the application of new economics in a number of issues that test the capability of new economics to tackle a number of economic problems. It offers detailed analysis and informed comment on the type of new economics in the aftermath of the financial crisis and the '"great recession."

This volume explores current interventions into the digital labour theory of value, proposing theoretical and empirical work that contributes to our understanding of Marx's labour theory of value, proposes how labour and value are transformed under conditions of virtuality, and employ the theory in order to shed light on specific practices.

Innovation, science and technology and the wealth gained from them make continuous media copy and yet there is a manifest imbalance in society, a paradox of more prosperity but growing exclusion. This book marks the 25th anniversary of the Six Countries Programme, which pioneered the study of innovation from a policy viewpoint but with a radical ethos. This ethos is continued by the contributors to this book who challenge much of the current thinking on innovation and technology and attempt to provide markers for the way ahead. They propose a systemic approach to the innovation process as the route to a more sustainable future and provide the alternative of a learning society to a knowledge society which seems to be inexorably driven by Schumpetarian dynamics.

"Governing Global Finance "examines the evolution of financial globalization and the attempts that have been made at the international level to establish a system of global financial governance (i.e. the international financial architecture) to safeguard the functioning of the international financial system. It explains how the international financial architecture has come to take the form that it has, and why it was unable to prevent the recent global financial crisis. The book considers a number of reforms that have been proposed to minimize the risk of future financial crises, as well as others that need to be implemented.

Most economists will agree that the task of understanding and teaching Veblen is not an easy one. Locating a book for the non-specialist is even harder, and hence the purpose of this book. This pioneering text fully delivers what its title promises - Veblen in Plain English. For the non-specialist and student alike, Professor McCormick illuminates the ideas of Veblen in a manner that is well written and easy to understand. This is a refreshing and most welcome addition to literature on Veblen. The foreword is by Dr. Rick Tilman, another noted expert on Veblen.

This completely restructured, updated third edition of the volume first published in 1992 provides a general overview of the econometrics of panel data, both from a theoretical and from an applied viewpoint. Since the pioneering papers by Kuh (1959), Mundlak (1961), Hoch (1962), and Balestra and Nerlove (1966), the pooling of cross section and time series data has become an increasingly popular way of quantifying economic relationships. Each series provides information lacking in the other, so a combination of both leads to more accurate and reliable results than would be achievable by one type of series alone.

Much work has been done over the last four decades: investigation of the properties of the applied estimators and test statistics, analysis of dynamic models, the effects of eventual measurement errors, etc. These are just some of the problems addressed by this work. In addition, some specific difficulties associated with the use of panel data are also explored, such as attrition, heterogeneity, selectivity bias, pseudo-panels etc. Recently, much work has been done about unit roots and co integration using panel data. Some other fields have also experienced a strong development such as the econometrics of policy evaluation and the analysis of qualitative and truncated dependent variable models, among others, which all are also discussed.

The third, enhanced edition provides a complete and up to date presentation of these theoretical developments as well as surveys about how these econometric tools are used to study firms and household s behaviors and/or more macroeconomic phenomena such as economic growth. It contains sixteen entirely new chapters while the others have been largely revised to account for recent developments in the field.

Part I is concerned with the fundamentals of panel data econometrics, both linear and non linear; Part II deals with more advanced topics such as dynamic models, simultaneity and measurement errors, unit roots and co integration, incomplete panels and selectivity, duration and count models, etc. This volume also provides insights into the use of panel data in empirical studies. Part III deals with surveys in several major fields of applied economics, such as investment demand, foreign direct investment and international trade, production efficiency, labour supply, transitions on the labour market, etc. Six new chapters about R&D and innovation, wages, health economics, policy evaluation, growth empirics and the impact of monetary policy have been included.

Industry has been at the centre of some of the most formidable political and economic debates of the nineteenth, twentieth and twenty-first centuries. This book explores the pivotal decades of the eighteenth-century in which the modern concept of industry was, for the first time, at the heart of heated debates in France and other European countries. The close reading of contemporary debates illuminates the origins of an economic key concept and suggests a fresh perspective on the rise of industry in the eighteenth-century.