In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the Weimar Republic was all but reduced to a barter economy. Expensive cigars, artworks and jewels were routine...

Entrepreneurship is a dynamic process constantly evolving through innovation, in that entrepreneurs devise profitable products and services that did not previously exist. This process requires entrepreneurs to have major skills in different business areas.

The second edition of this book is about entrepreneurship in the South African business environment, and about the entrepreneurial process. It highlights three main aspects, namely: the entrepreneurial part of starting and running a business; the marketing of products and services; and the financial aspects of a profitable and sustainable business.

In a practical and accessible way this book describes how entrepreneurs should arrange resources and activities in order for the potential business to operate as profitably as possible. The two aspects of marketing and finance are the most important functions of business that every entrepreneur needs to know in order to be sustainable both as a start-up enterprise and for long-term sustainability.

This volume details the astonishing contribution Jews have made over the years to the British economy: how they sustained the currency through many wars; how they invented jigsaw puzzles and postcards; and the creation of such household names as Lyons, Glaxo, Burtons, Shell, ICI, Ladbrokes, and many more.

For much of human history, most of the population lived and worked on farms but today, information about livestock is more likely to come from children's books than hands-on experience. When romanticized notions of an agrarian lifestyle meet with the realities of the modern industrial farm, the result is often a plea for a return to antiquated production methods. The result is a brewing controversy between animal activist groups, farmers, and consumers that is currently being played out in ballot boxes, courtrooms, and in the grocery store. Where is one to turn for advice when deciding whether to pay double the price for cage-free eggs, or in determining how to vote on ballot initiates seeking to ban practices such as the use of gestation crates in pork production or battery cage egg production? At present, there is no clear answer. What is missing from the animal welfare debate is an objective approach that can integrate the writings of biologists and philosophers, while providing a sound and logical basis for determining the consequences of farm animal welfare policies. What is missing in the debate? Economics.
This book journeys from the earliest days of animal domestication to modern industrial farms. Delving into questions of ethics and animal sentience, the authors use data from ingenious consumers' experiments conducted with real food, real money, and real animals to compare the costs and benefits of improving animal care. They show how the economic approach to animal welfare raises new questions and ethical conundrums, as well as providing unique and counter-intuitive results.

PAPERBACK FOR SALE IN AFRICA ONLY The first comprehensive book on the participation of Muslim Fula business elites in the post-independence politics of Sierra Leone This groundbreaking volume explores the history of Muslim Fula business elites' participation in the post-independence politics of Sierra Leone. One of the country's main entrepreneurial groups, the Fula are also part of a largerIslamic presence in West Africa, extending from Senegal to Cameroon. Author Alusine Jalloh examines Fula political relationships with the successive governments of Sierra Leone following independence in 1961: first, with the Sierra Leone People's Party during the prime ministership of the brothers Dr. Milton A. S. Margai and Albert M. Margai, and later with the All People's Congress under the leadership of Siaka P. Stevens and Joseph S. Momoh. The study ends with the ouster in 1992 of President Momoh in a military coup. Using the lens of business history, this important work expands on the themes of immigration and ethnicity, and treats such issues as the rivalry betweenSierra Leonean-born Fula and those born in Guinea, the intersection of Fula business elites and the development of Islam in Sierra Leone, and relations between Sierra Leone and Guinea. The book will be of great interest to students and scholars of the business, Islamic, and political history of Sierra Leone, as well as those interested in global business history and ethnic history. Alusine Jalloh is Associate Professor of history and founding director of the Africa Program at the University of Texas at Arlington.

The correspondence from the most successful Irish-American trading firm of the colonial period forms a remarkable archive for economic historians of the eighteenth century. This is an edition of a letterbook that contains the first nine months of correspondence from this New York trading house. The letters to commercial contacts throughout the North Atlantic region offer a vivid picture of the transatlantic economy. And the private communications of Waddell Cunningham to his partner, Thomas Greg in Belfast, allow a rare behind-the-scenes look at the management and operation of an overseas merchant house. Guided by Professor Truxes's authoritative introduction, we can see in these letters the difficulties of decision-making over long distances, the problems of over-stretched resources, and the impact of the Seven Years War on the evolution of a vigorous enterprise.

Adam Smith (1723-1790) was one of the brightest stars of the eighteenth-century Scottish Enlightenment. An Inquiry into the Nature and Causes of the Wealth of Nations was his most important book. First published in London in March 1776, it had been eagerly anticipated by Smith's contemporaries and became an immediate bestseller. That edition sold out quickly and others followed. Today, Smith's Wealth of Nations rightfully claims a place in the Western intellectual canon. It is the first book of modern political economy, and still provides the foundation for the study of that discipline. But it is much more than that. Along with important discussions of economics and political theory, Smith mixed plain common sense with large measures of history, philosophy, psychology, sociology, and much else. Few texts remind us so clearly that the Enlightenment was very much a lived experience, a concern with improving the human condition in practical ways for real people. A masterpiece by any measure, Wealth of Nations remains a classic of world literature to be usefully enjoyed by readers today.

In this timely and significant study of delegation and agency in the European Union, one of the leading authors in the field examines the role of supranational actors like the Commission, the Court of Justice, and the European Parliament in the process of European integration and in contemporary EU governance.

Since the rational expectations revolution in macroeconomics, the subject has evolved in a major way, adopting the principles behind the revolution and building on them in spectacular fashion. In this thoroughly revised and updated second edition, the authors provide a complete and up-to-date textbook designed to guide students through the mathematical and conceptual maze of modern macroeconomics. The updated second edition includes: Explanation of the historical development of the subject Introduction to traditional macro-classical/adaptive expectations Demonstration of how rational expectations are handled in macro models and in finance An explanation of the importance of structural, micro-founded models Key examples of structural models examined in detail, and with extension to the open economy Discussion of policy implications throughout Methodology for testing models against macro data behaviour, complete with the latest evidence on these models' success Coverage of key topics, including the supply-side, unemployment, growth and the open economy. By explaining the basics of each topic, and providing the solid grounding for students to tackle more complex and detailed material, this textbook will be an invaluable resource for both postgraduate and upper level undergraduate students of macroeconomics alike.

Following the catastrophic events of the 2008 global financial crisis, an anonymous hacker released Bitcoin to claw back power from commercial and central banks. It quickly garnered an enthusiastic following who sought to forge a stable and democratic global economy—a world free from hierarchy and control. In their eyes, Bitcoin's underlying architecture, blockchain, hailed the dawn of decentralisation. Money Code Space shatters these emancipatory claims. In their place, Jack Parkin constructs a new framework for revealing the geographies of power that lie behind blockchain networks. Drawing on first-hand experience in cryptocurrency communities and start-up companies from Silicon Valley to London, Parkin untangles the complex web of culture, politics, and economics that truly drive decentralisation.

The idea that Brazil, Russia, India and China (The 'BRICs') are the economic stars of our times is now widely accepted. Jim O'Neill now introduces us to four new rising stars in the economic firmament: the 'MINT' countries (Mexico, Indonesia, Nigeria and Turkey). However, the struggling 'old' developed nations have still not adjusted to the challenges posed by the new world order. This book looks closely at the role of China in this new order, and in particular at its influential role in Africa where more nations are beginning to emerge as significant economic players to be reckoned with. What is the scale of South-South trade and, crucially, how is this new aspect of globalization being accommodated in global economic governance? How should the world engage with the new economic powerhouses?

This book is a contribution to the debate about the transition process, and focuses on structural institutions in Russia and the East.

In transitional countries with unfavourable initial conditions and weak institutions, economic and social performance can only in part be explained by the approaches followed in the field of macroeconomic adjustment, privatization, and liberalization. By reviewing the impact of initial conditions on industrial and institutional conditions in the gradual and late reforming countries, this book aims to rekindle the debate surrounding these largely neglected issues.

With a new introduction on the Ukraine crisis LONGLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR 2022 A TIMES AND SUNDAY TIMES BUSINESS BOOK OF THE YEAR 2022 A DAILY MAIL BEST CURRENT AFFAIRS BOOK OF 2022 A DAILY MIRROR BEST NON-FICTION BOOK OF 2022 A SPECTATOR BOOK OF THE YEAR 2022 PRESENTER OF THE BBC RADIO 4 SERIES 'HOW TO STEAL A TRILLION' A WATERSTONES BEST POLITICS BOOK OF THE YEAR 2022 AN IRISH TIMES NON-FICTION BOOK OF THE YEAR 2022 How did Britain become the servant of the world's most powerful and corrupt men? From accepting multi-million pound tips from Russian oligarchs, to the offshore tax havens, meet Butler Britain... In his Sunday Times-bestselling expose, Oliver Bullough reveals how the UK took up its position at the elbow of the worst people on Earth: the oligarchs, kleptocrats and gangsters. Though the UK prides itself on values of fair play and the rule of law, few countries do more to frustrate global anti-corruption efforts. From the murky origins of tax havens and gambling centres in the British Virgin Islands and Gibraltar to the influence of oligarchs in the British establishment, Butler to the World is the story of how we became a nation of Jeeveses - and how it doesn't have to be this way.

Transport Economics is a revised and refined fourth edition of a well-established textbook which applies economic analysis to transport issues. Each chapter has been carefully reworked and includes new material dealing with the regulation of transport markets. To assist in pedagogy, twenty or so free standing 'Exhibits' now provide a variety of case studies and narratives to supplement the text. More up-to-date examples and illustrations also make the understanding of economic principles easier and assist in the assimilation of economic concepts. The theoretical content is supported with considerable empirical evidence drawn from a wide range of international sources. Although aimed primarily at university students, this volume is accessible to non-specialists who have an interest in transport economics. It has no modal bias but rather examines in general terms the many aspects of the demand for, and supply of, transport together with the various methods of government intervention needed to ensure that social and environmental criteria are attained. This successful and widely adopted textbook has been meticulously revised and updated for the fourth edition. As the best intermediate text currently available, it will be welcomed by students, policymakers and all those concerned with the supply of transport services.

For a long time, economic research on Africa was not seen as a profitable venture intellectually or professionally-few researchers in top-ranked institutions around the world chose to become experts in the field. This was understandable: the reputation of Africa-centered economic research was not enhanced by the well-known limitations of economic data across the continent. Moreover, development economics itself was not always fashionable, and the broader discipline of economics has had its ups and downs, and has been undergoing a major identity crisis because it failed to predict the Great Recession. Times have changed: many leading researchers-including a few Nobel laureates-have taken the subject of Africa and economics seriously enough to devote their expertise and creativity to it. They have been amply rewarded: the richness, complexities, and subtleties of African societies, civilizations, rationalities, and ways of living, have helped renew the humanities and the social sciences-and economics in particular-to the point that the continent has become the next major intellectual frontier to researchers from around the world. In collecting some of the most authoritative statements about the science of economics and its concepts in the African context, this handbook (the first of two volumes) opens up the diverse acuity of commentary on exciting topics, and in the process challenges and stimulates the quest for knowledge. Wide-ranging in its scope, themes, language, and approaches, this volume explores, examines, and assesses economic thinking on Africa, and Africa's contribution to the discipline. The editors bring a set of powerful resources to this endeavor, most notably a team of internationally-renowned economists whose diverse viewpoints are complemented by the perspectives of philosophers, political scientists, and anthropologists. The set of analyses and reflections presented here try to endow each subject with depth and discovery.