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Books > Business & Economics > Economics
'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.
As the tourism industry grows worldwide, researchers continue to
seek solutions and practices that support increased tourism to
specific regions. Special interest tourism is a method that looks
at how psychological and sociological factors help a visitor choose
which destination to visit. By applying this type of tourism in
Southeast Asia, the role of emotions, experiences, and place
attachment becomes a driving factor for tourists. Special Interest
Tourism in Southeast Asia: Emerging Research and Opportunities
critically discusses the challenges associated with special
interest tourism and how it can be used to overcome unfavorable
impacts of tourism for the local community, as well as preserve
cultural heritage. The book covers emerging issues such as
sustainability, technological advances within this type of tourism,
and responses to over tourism and tourism-phobia. It is ideally
designed for government officials, policymakers, managers, industry
professionals, and university students seeking current research on
the recent growth of the tourism industry.
Providing insights on the products of a unique period for academic
research in international economics, this review is an important
piece of literature for a vital area of study. Highlighting main
issues such as welfare gains and losses, trade patterns and
international transaction interventions, the author provides a
timely and comprehensive research review on the heavily debated
topic of international trade and investment.
Globalization, accelerated by information technologies, has
increased the speed of business transactions and has reduced the
distances between international businesses. This growth has
transformed the realm of foreign investment in countries around the
world, calling for a methodological approach to planning feasible
capital investment proposals in general and foreign direct
investment projects. Planning and Analyzing Foreign Direct
Investment Projects: Emerging Research and Opportunities is a
pivotal reference source that provides a systems approach to
investment projects in a globalized and open society. While
highlighting topics such as consumer analysis, competitive
strategy, and market analysis, this publication explores the
profitability and feasibility of international investments, as well
as the risks and resources associated with strategic project
planning. This book is ideally designed for business managers,
entrepreneurs, researchers, academicians, graduate students,
policymakers, investors, and project managers seeking current
research on planning, analyzing, and evaluating investment
projects.
Due to the Covid-19 global pandemic, Australia and South Asian
Countries have experienced significant disruption in international
trade, investment, travel for business and higher education,
tourism, and supply chains. It is important to reflect and address
some of the key issues and challenges faced by Australia in this
sector and analyze potential recovery strategies for the future.
Inevitably, in the coming decade, Australia will need to pursue its
interests in a more competitive and contested world. This pandemic
has witnessed an intensified trade war of Australia with its
strongest bilateral trade partner China, threatening an increasing
number of industries in Australia such as agribusiness, forestry,
and mining. A nearsighted solution to this problem does not seem
feasible, given the recent diplomatic fallout between the two
nations. Australia thereby needs an alternative strategic bilateral
coalition to combat this situation and progress towards a
sustainable economic goal. Based on the above scenario, the core
objective of this book is to suggest and explore that South-Asian
nations could be the prominent focal point for Australia to move
forward, as it is a large market with population nearing two
billion. This book will provide an overview of the Australian trade
and investment relationship with South Asian Countries, identify
trends and developments of the bilateral trade relationship of
Australia with South Asian countries (in strategic areas of trade,
travel, investment, and education), and will shed light on the
future opportunities for development and partnerships for economic
growth, trade in goods and services and tourism between Australia
and South Asia. It will also display how Australia can play a
leading role amongst the SAARC countries (Afghanistan, Bhutan,
Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) to
cooperate for their individual national economic development and
growth objectives and be best prepared to meet the United Nations
Sustainable Development Goals (SDGs) for the future.
Agricultural Extension Reforms in South Asia: Status, Challenges,
and Policy Options is based on agricultural extension reforms
across five South Asian countries, reflecting past experiences,
case studies and experiments. Beginning with an overview of
historical trends and recent developments, the book then delves
into country-wise reform trajectories and presents several cases
testing the effectiveness of different types (public and private)
and forms (nutrition extension, livestock extension) of extension
systems. Further, the book provides a comprehensive overview of
challenges and constraints faced in formulating and implementing
reforms, tying the results into a concrete set of lessons and
highlighting areas that require further research. In addition, the
book discusses how a major aspect of agricultural development is
the productivity increase from the knowledge base of farmers, and
how translating research results into a knowledge base for farmers
requires designing and implementing well-functioning extension
programs.
Dishonesty in Behavioral Economics provides a rigorous and
comprehensive overview of dishonesty, presenting state-of-the-art
research that adopts a behavioral economics perspective. Throughout
the volume, contributors emphasize the effects of psychological,
social, and cognitive factors on the decision-making process. In
contrast to related titles, Dishonesty in Behavioral Economics
emphasizes the importance of empirical research methodologies. Its
contributors demonstrate how various methods applied to similar
research questions can lead to different results. This
characteristic is important because, of course, it is difficult to
obtain reliable measures of dishonesty.
The globalized world has witnessed the development of a number of
economic integration projects, including at least two Eurasian
projects: the Eurasian Union and the Belt and Road Initiative.
These initiatives blur the European Union Global Strategy adjusted
in 2016 to be an attempt to reconsider and enhance the role and
place of the European Union as the leader in the global arena.
These initiatives must be studied and considered further to
understand the numerous benefits, opportunities, and challenges
they face. Regional Economic Integration and Global Competition in
the Post-COVID-19 Era: European Union, Eurasian Economic Union, and
the Belt and Road Initiative provides insight into the reasons and
consequences of the discrepancy in the legal restrictions,
institutional policies, and mutual skepticism on the economic
integration progress. The text is also useful in defining and
promoting a regional strategy of economic integration and the
creation of mutual trust. Covering a range of topics such as
international trade, environmental risk management, and
globalization, this reference work is ideal for policymakers,
government officials, strategic decision makers, practitioners,
researchers, scholars, academicians, instructors, and students.
Macroeconomics is your guide to how economics shape how the world
functions today. But too often our understanding is based on
orthodox, dogmatic analysis. This distinctive book draws upon years
of critical questioning and teaching and exposes how macroeconomic
theory has evolved from its origins to its current impoverished and
extreme state. Moving from the Keynesian Revolution to the
Monetarist Counter-Revolution, through to New Classical Economics
and New Consensus Macroeconomics, the authors both elaborate and
question the methods and content of macroeconomic theory at a level
appropriate for both undergraduate and postgraduate studies.
Macroeconomics provides a unique alternative to the multitude of
standard textbooks by locating macroeconomic theory in its own
history. It will be perfect for those studying macroeconomics, as
well as for those looking for a new way to understand our
increasingly complicated economic system. It is accompanied by a
counterpart Microeconomics: A Critical Companion.
By examining the evolution of industrial relations institutions in
the emerging economies of Brazil, China, India, South Africa and
Turkey, the authors in this book assess the contribution of these
institutions to inclusive development. Industrial Relations in
Emerging Economies uses real world examples to assess the relevance
of the conceptual frameworks used to examine employment relations.
The chapters focus on the evolution of industrial relations
institutions and the role these have played in periods of economic
and political transition. They demonstrate that rather than acting
as a constraint on development, trade unions can contribute to
stability, security and equity. However, the contribution of
industrial relations institutions to inclusive development is at
best a contested pathway. At worst it is viewed as increasingly
irrelevant to the vast numbers of workers in the informal economy.
The authors reveal a continuing demand for independent collective
interest representation in labour relations, whether in the
informal economy or in rapidly industrialising districts. This book
will prove an interesting and stimulating read for students,
academics and researchers in the fields of human resources,
industrial relations, sociology and labour economics, in addition
to trade union researchers and policy-makers. Contributors include:
J. Berg, A. Celik, S. Hayter, C.-H. Lee, N. Pons-Vignon, U. Rani,
E. Schneider, R. Sen
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