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Books > Business & Economics > Economics
The crises emanating from the Global Financial Crisis and the
COVID-19 Pandemic have underscored, the emergency role of the State
and its smooth, seamless reactivation, for situations when private
activity and markets are disrupted. In many countries, SOEs have
been a crucial part in delivering on that effort as agents of the
State. While SOEs are increasingly sought to play a role during
emergency situations, evidence suggests that they misallocate
capital and mismanage resources. This is indicative of the
conflicts of interests in owning and regulating enterprises as well
as between the commercial and non-commercial objectives of SOEs,
crony capitalism, the private agenda of public officials, internal
management of SOEs, the significant role played by state owned
banks and financial institutions and the conflicts that arise in
the State's primary role vs. its ownership of enterprises. The
studies of eight countries from different regions undertaken for
this book, provide answers to these key policy questions related to
state capitalism. Generalizing from the results of multi-country
studies to arrive at universally applicable predictions,
prescriptions, and policy recommendations, is inherently difficult.
Individual countries are quite different in their socio-economic,
historical, political, and institutional circumstances. So are
their experiences, as the eight country studies highlight, even as
the book attempts to extrude, from available research, the
principal common characteristics of, and practices followed by,
successful SOEs independently of country context. Among other
conditions, the two most important conclusions that can be drawn
from the country studies are that competition and regulation rather
than ownership per se is key to efficiency.
"Makes a reader feel like a time traveler plopped down among men
who were by turns vicious and visionary."--"The Christian Science
Monitor"""
The modern American economy was the creation of four men: Andrew
Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan. They
were the giants of the Gilded Age, a moment of riotous growth that
established America as the richest, most inventive, and most
productive country on the planet.
Acclaimed author Charles R. Morris vividly brings the men and their
times to life. The ruthlessly competitive Carnegie, the imperial
Rockefeller, and the provocateur Gould were obsessed with progress,
experiment, and speed. They were balanced by Morgan, the gentleman
businessman, who fought, instead, for a global trust in American
business. Through their antagonism and their verve, they built an
industrial behemoth--and a country of middle-class consumers. "The
Tycoons" tells the incredible story of how these four determined
men wrenched the economy into the modern age, inventing a nation of
full economic participation that could not have been imagined only
a few decades earlier.
Capitalist ideology wants us to believe that there is an optimal
way to live. 'Making connections' means networking for work. Our
emotional needs are to be fulfilled by a single romantic partner,
and self-care equates to taking personal responsibility for our
suffering. We must be productive and heterosexual, we must have
babies and buy a house. But the kicker is most people cannot and do
not want to achieve these goals. Instead we are left feeling
atomised, exhausted and disempowered. Radical Intimacy shows that
it doesn't need to be this way. Including inspiring ideas for
alternative ways to live, Sophie K Rosa demands we use our radical
imagination to discover a new form of intimacy. Including critiques
of the 'wellness' industry that ignores rising poverty rates, the
mental health crisis and racist and misogynist state violence;
transcending love and sex under capitalism to move towards
feminist, decolonial and queer thinking; asking whether we should
abolish the family; interrogating the framing of ageing and death
and much more, Radical Intimacy is the compassionate antidote to a
callous society. Now as an audiobook, to listen to on the go.
Acclaim for the first edition:'Free Market Economics is virtually a
must read for serious economists . . . Highly recommended.' -
Choice: Current Reviews for Academic Libraries 'A refreshing
theoretical counterattack to the established Keynesian world view
that has left the West financially overpromised, disastrously
broke, and vulnerable to crank ideas. Professor Kates has
brilliantly resurrected Say's law of markets - Keynes's old nemesis
- into a new modern framework that forms the foundation of a new
sustainable economy.' - Mark Skousen, editor, Forecasts &
Strategies and formerly of the Columbia Business School, US 'Steven
Kates has written an exciting new book on the basics of economics.
He avoids the dry and unrealistic assumptions of most introductions
to economics. He puts change, entrepreneurship, uncertainty,
decentralized knowledge and spontaneous order at the center of his
analysis. The reader will profit from this fresh approach far more
than from an ordinary textbook. This is a treatment for the general
reader that both respects and engages one's intelligence.' - Mario
J. Rizzo, New York University, US 'Steve Kates, an academic with
business experience, does away with the unrealistic abstractions
that make economics inaccessible to general readers. This book is
about real, enterprising people with whom we can identify, and
about how ordinary economic life evolves in conditions of
uncertainty. We learn why vacuous modelling only misleads us and
why economic freedom and secure institutions are essential to
achieving the good life.' - Wolfgang Kasper, University of New
South Wales, Australia In this thoroughly updated third edition of
Free Market Economics, Steven Kates assesses economic principles
based on classical economic theory. Rejecting mainstream Keynesian
and neoclassical approaches even though they are thoroughly covered
in the text, Kates instead looks at economics from the perspective
of an entrepreneur making decisions in a world where the future is
unknown, innovation is a continuous process and the future is being
created before it can be understood. Key Features include: analysis
derived from the theories of pre-Keynesian classical economists, as
this is the only source available today that explains the classical
pre-Keynesian theory of the business cycle a focus on the
entrepreneur as the driving force in economic activity rather than
on anonymous 'forces' as found in most economic theory today
introduces a powerful though simplified model to explain the
difference between modern theory of recession and classical theory
of the business cycle great emphasis is placed on the consequences
of decision making under uncertainty offers an introductory
understanding, accessible to the non-specialist reader. The aim of
this book is to redirect the attention of economists and policy
makers towards the economic theories that prevailed in earlier
times. Their problems were little different from ours but their way
of understanding the operation of an economy and dealing with those
problems was completely different. Free Market Economics, Third
Edition will help students and general readers understand classical
economic theory, written by someone who believes that this
now-discarded approach to economic thought was superior to what is
found in most of our textbooks today.
This Handbook provides an overview and assessment of the
state-of-the-art research methods, approaches and applications
central to economic geography. Understanding spatial economic
outcomes and the forces and mechanisms that influence the geography
of economic growth is of utmost importance and demands substantial
theoretical and empirical research in economic geography, spatial
economics and regional science. Such research is critically
dependent upon good and reliable empirical data, and it is here
that this Handbook contributes, providing a broad overview of
up-to-date research methods and approaches. The chapters are
written by distinguished researchers from a variety of scholarly
traditions and with a background in different academic disciplines
including economics, economic human and cultural geography, and
economic history. Researchers and academics in economics and
economic geography will find this a fundamental reference point and
will benefit from the comprehensive assessment of research methods
and approaches in the field. Practitioners and policy-makers will
also find the practical applications to be of utmost value.
Contributors: M. Andersson, G. Arbia, B. Asheim, R. Basile, M.
Birkin, R. Boschma, S. Brakman, J. Broecker, L. Broersma, H-H.
Chang, G. Clarke, M. Clarke, L. Coenen, J. Corcoran, S. Dall'erba,
G. Espa, A.M. Esteves, A. Faggian, M.M. Fischer, K. Frenken, M.
Fritsch, D. Giuliani, K.E. Haynes, G.J.D. Hewings, M. Horvath, G.
Ivanova, N. Kapitsinis, C. Karlsson, H. Khawaldah, M. Kilkenny, J.
Klaesson, S. Koster, J.P. Larsson, J. Lesage, Y. Li, I.
Llamosas-Rosas, P.A. Longley, T. Mitze, J. Moodysson, I. Noback, T.
Norman, J. Oosterhaven, J. Parajuli, M. Partridge, D. Psaltopoulos,
M. Schramm, D. Skuras, A. Stephan, P. Thulin, S. Usai, J. van Dijk,
C. van Marrewijk, F. van Oort, F. Vanclay, A. Varga, H. Westlund
With the rise of information and communication technologies in
today's world, many regions have begun to adapt into more
resource-efficient communities. Integrating technology into a
region's use of resources, also known as smart territories, is
becoming a trending topic of research. Understanding the
relationship between these innovative techniques and how they
impact social innovation is vital when analyzing the sustainable
growth of highly populated regions. The Handbook of Research on
Smart Territories and Entrepreneurial Ecosystems for Social
Innovation and Sustainable Growth is a pivotal reference source
that provides vital research on the global practices and
initiatives of smart territories as well as their impact on
sustainable development in different communities. While
highlighting topics such as waste management, social innovation,
and digital optimization, this publication is ideally designed for
civil engineers, urban planners, policymakers, economists,
administrators, social scientists, business executives,
researchers, educators, and students seeking current research on
the development of smart territories and entrepreneurship in
various environments.
Driven by such tools as big data, cognitive computing, new business
models, and the internet of things, the overall demand for
innovation is becoming more critical for competitiveness and
emerging technologies. These technologies have become real
alternatives for the market and offer new perspectives for modern
project management applications. The Handbook of Research on
Emerging Technologies for Effective Project Management is an
essential research publication that proposes innovations for firms
and markets through the exploration of project management
principles and methods and the effective integration of knowledge
and innovation. It encompasses academic and scientific
propositions, reviews for conceptual bases, applications of
theories in new market solutions, and cases of successful insertion
of disruptive technologies and business models in new competitive
market offers. Featuring a range of topics such as innovation
management, business administration, and marketing, this book is
ideal for project managers, IT specialists, software developers,
executives, practitioners, managers, marketers, researchers, and
industry professionals.
This is an invaluable piece of work that, to my knowledge, is not
replicated anywhere, even in piecemeal fashion. It should be read
by everyone having a stake in the Transatlantic Trade and
Investment Partnership (TTIP) negotiations. It fills an historical
vacuum in US-EU agricultural trade relationships that has existed
for decades. This book provides the context of the past half
century, and it will be invaluable for another half century.' -
Clayton Yeutter, Former US Trade Representative, Former US
Secretary of Agriculture and Senior Advisor at Hogan Lovells, US
Tim Josling and Stefan Tangermann's Transatlantic Food and
Agricultural Trade Policy traces the past fifty years of
transatlantic trade relations in the area of food and agricultural
policy, from early skirmishes over farm policies to on-going
conflicts over biotech foods and hormone use in animal rearing. The
authors take an analytical approach to the causes of transatlantic
conflict and the extent to which these trade tensions in
agricultural markets have reflected wide differences in policy
approaches and levels of support. They explore the role played by
international rules, in the GATT, and subsequently the WTO, in
disciplining farm price support policies to allow for more open
markets. The book also points to possible ways to end five decades
of transatlantic trade tensions in the area of food and farm
products. Scholars, practitioners and policymakers will find this
timely book an invaluable and comprehensive guide to the causes of,
and solutions to, the persistent EU-US trade conflicts in
agricultural and food policy.
What causes economic growth? What determines the price of umqombothi? Why is Eskom a monopoly? Are cryptocurrencies a form of money? Why is South Africa so unequal?
Mzansinomics: Understanding the basics of the South African economy introduces economics to a South African audience. It explains the key economic concepts and issues in the news every day – markets, inflation, budget deficits, collusion, inequality, economic growth – in a straightforward, practical and non-technical way. A question-and-answer format, with many examples and updated statistics, exposes South Africa’s unique economic challenges and opportunities.
The book is useful as a quick reference for seasoned industry professionals, as a text for students who want to obtain a basic understanding of economics without enrolling for a formal mainstream course, and as a resource for those interested in the structure and development of the South African economy.
Mzansinomics is the product of two passionate South African economists, Johan Fourie, professor of Economics at Stellenbosch University and Philip Mohr, who was professor of Economics at the University of South Africa for over two decades.
Cross border business transactions have become increasingly
important due to new norms of doing business. Cross border business
has led to the emergence of multiply business opportunities and
challenges to various stakeholders. Such global reality cannot
simply be ignored, thus business entities that operate across
national borders need to fully employ global strategies in order to
compete and survive in the dynamic global environment. In fact,
businesses need to have a wider world view when conducting business
across border. The future growth of global businesses depends on
many crucial aspects such as the managing and recruiting global
workforces, developing effective international marketing
strategies, coordinating global supply chains and operations,
introducing innovative sales tactics, utilizing information
technology, and many others. This book captures the multi-faceted
outlook on international business phenomena particularly when cross
border businesses were severely affected due to the recent
limitations on business operations, dwindling demands, and
bankruptcy caused by the worldwide pandemic. This book brings the
perspectives of the communities, consumers, employees, businesses,
producers and many other stakeholders regardless of their home
country. The investigation will include insights from both
developed and developing countries. From here on, there are new
economic, socio-cultural, health-related, well-being and many more
challenges which have emerged when operating under the new norms.
This book provides comprehensive broad coverage with depth within
the areas mentioned.
No issue is more fundamental in contemporary macroeconomics than
identifying the causes of the recent Great Recession. The standard
view is that the banks were to blame because they took on too much
risk, 'went bust' and had to be bailed out by governments. However
very few banks actually had losses in excess of their capital. The
counter-argument presented in this stimulating new book is that the
Great Recession was in fact caused by a collapse in the rate of
change of the quantity of money. This was the result of a mistimed
and inappropriate tightening of banks' capital regulations, which
had vicious deflationary consequences at just the wrong point in
the business cycle. Central bankers and financial regulators made
serious mistakes. The book's argument echoes that on the causes of
the Great Depression made by Milton Friedman and Anna Schwartz in
their classic book A Monetary History of the United States.
Offering an alternative monetary explanation of the Great
Recession, this book is essential reading for all economists
working in macroeconomics and monetary economics. It will also
appeal to those interested in the wider public policy debates
arising from the crisis and its aftermath. Contributors include: P.
Booth, J.E. Castaneda, T. Congdon, C. Goodhart, S. Hanke, D.
Laidler, A. Ridley, R. Skidelsky, R. Thomas
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