Synthesising Marx's, Keynes's and Schumpeter's theories on wage-price dynamics, effective demand, real innovations and financial markets into a coherent whole, this book goes significantly beyond a consideration of their work in isolation. It focuses on exploring and analysing Goodwin's integrated Marx-Keynes-Schumpeter system (MKS), approaching this from a historical perspective. Chapters start from Harrod's and Kaldor's work, reconsidering prominent demand- and supply-side approaches to Keynesian macro-dynamics, supplemented by Goodwin's distributive cycle. The book presents a baseline MKS-type model, considering the rigorous treatment of uncertainty, opinion dynamics, the movement from flexicurity to social capitalism and democracy, and a high-order MKS macro-model. The exploration of the MKS model from a historical basis will make this a useful book for macroeconomics and history of economics scholars and students. It will also be helpful for those looking at macrodynamics in more depth.

This Modern Guide provides detailed theoretical and empirical insights into key areas of research in food economics. It takes a forward-looking perspective on how different actors in the food system shape the sustainability of food production, distribution, and consumption, as well as on major challenges to efficient and inclusive food systems. Analysing the main characteristics of modern food markets, chapters introduce readers to the economics of food systems, product differentiation, the mediating role of food retailers, and the increasing significance and complexity of international trade in food. Encapsulating new methods in the study of food economics and policy, this Modern Guide explores changes in food value chains and consumption. It further pushes the boundaries of food economics to include economic perspectives on the role of social media and technology such as genomics in shaping food systems. Offering key insights into the state-of-the-art debates in the field, this Modern Guide will be critical reading for graduate students and researchers of food economics. It will also be a timely book for practitioners in the field wishing to take a fresh look at issues shaping food systems.

"The Eagle and the Elephant" shows how economic engagement directly affects how the United States cooperates with India on strategic issues. Through case studies of major efforts, including civil nuclear cooperation, services outsourcing, antiterrorism, and electricity generation and the environment, Raymond E. Vickery Jr. presents both successful and unsuccessful instances of complex collaborations between the two nations.

Vickery draws on his own experience in the Commerce Department and as an economic consultant. Buttressed by information from official sources, journalistic accounts, and interviews, he offers new insight into the interplay of legislative and executive branch officials, policy proponents, business and nonprofit organizations, and activists.

Vickery explores how the United States employs commercial diplomacy as only one component of an overall economic engagement in the formation and implementation of foreign policy. This interaction, Vickery argues, has the potential to increase intergovernmental confidence and cooperation in areas vital to both countries and to world security and peace.

Through a diversity of primary source resources that include works by politicians and literary figures, book reviews, and interviews, this book enables student readers to better understand literature of the Great Depression in context through original documents. Oklahoma drought refugees seeking livelihood in California, rural white Mississippians, and African American migrants making new lives in Chicago all represented the dramatic transitions across the spectrum of American life during the Great Depression. These vastly different groups of Americans still shared common experiences of desperation and poverty during the 1930s. This book focuses on literary works by three Depression-era authors—William Faulkner, John Steinbeck, and Richard Wright—and supplies dozens of primary source documents that serve to illuminate the harsh realities of life in the 1930s and enable students to better appreciate key pieces in American literature from the Great Depression era. The Depression Era: A Historical Exploration of Literature gives readers historical context for multiple works of American literature about the Great Depression through a wide range of features, including chronologies, essays explaining key events, and primary document excerpts as well as support materials that include activities, lesson plans, discussion questions, topics for further research, and suggested readings. The book's coverage includes William Faulkner's As I Lay Dying (1930), John Steinbeck's Of Mice and Men (1937), The Grapes of Wrath (1939), and Richard Wright's Native Son (1940).

In an era where services play an increasingly vital role in servicified global value chains, this insightful book provides a comprehensive study of legal aspects of rules of origin for services and their importance in international trade. The author identifies and examines the defects in the current approach to rules of origin for services through an astute analysis of these rules in the General Agreement on Trade in Services and in preferential trade agreements. In addition, by asserting that trade in goods and trade in services cannot be separated, the author provides a comparative analysis of rules of origin in these two fields, offering a better understanding of their boundaries and connections. Paving the way for further development, the author concludes that certain aspects of rules of origin for goods, such as the product-based approach, may be repurposed for services. Addressing an area of rule making insufficiently explored to date, this book will prove important reading for students and scholars of international trade, economics, and governance. The focus on new patterns of international trade will also benefit trade experts, policy makers and businesses.

This authoritative book explores copyright and trade in the Pacific Rim under the Trans-Pacific Partnership (TPP), a mega-regional trade deal. Offering a perceptive critique of the TPP, Matthew Rimmer highlights the dissonance between Barack Obama's ideals that the agreement would be progressive and comprehensive and the substance of the trade deal. Rimmer considers the intellectual property chapter of the TPP, focusing on the debate over copyright terms, copyright exceptions, intermediary liability, and technological protection measures. He analyses the negotiations over trademark law, cybersquatting, geographical indications, and the plain packaging of tobacco products. The book also considers the debate over patent law and access to essential medicines, data protection and biologics, access to genetic resources, and the treatment of Indigenous intellectual property. Examining globalization and its discontents, the book concludes with policy solutions and recommendations for a truly progressive approach to intellectual property and trade. This book will be a valuable resource for scholars and students of intellectual property law, international economic law, and trade law. Its practical recommendations will also be beneficial for practitioners and policy makers working in the fields of intellectual property, investment, and trade.

Today's unprecedented growth of data and their ubiquity in our lives are signs that the data revolution is transforming the world. And yet much of the value of data remains untapped. Data collected for one purpose have the potential to generate economic and social value in applications far beyond those originally anticipated. But many barriers stand in the way, ranging from misaligned incentives and incompatible data systems to a fundamental lack of trust. World Development Report 2021: Data for Better Lives explores the tremendous potential of the changing data landscape to improve the lives of poor people, while also acknowledging its potential to open back doors that can harm individuals, businesses, and societies. To address this tension between the helpful and harmful potential of data, this Report calls for a new social contract that enables the use and reuse of data to create economic and social value, ensures equitable access to that value, and fosters trust that data will not be misused in harmful ways. This Report begins by assessing how better use and reuse of data can enhance the design of public policies, programs, and service delivery, as well as improve market efficiency and job creation through private sector growth. Because better data governance is key to realizing this value, the Report then looks at how infrastructure policy, data regulation, economic policies, and institutional capabilities enable the sharing of data for their economic and social benefits, while safeguarding against harmful outcomes. The Report concludes by pulling together the pieces and offering an aspirational vision of an integrated national data system that would deliver on the promise of producing high-quality data and making them accessible in a way that promotes their safe use and reuse. By examining these opportunities and challenges, the Report shows how data can benefit the lives of all people, but particularly poor people in low- and middle-income countries

In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. With this in mind, Moosa argues that the alleged puzzles found in the economics and finance literature are not puzzles at all, because they can be explained intuitively, without the need for complex models or the extravaganza of econometrics. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. The author explains why some common beliefs are, in fact, myths, including those of the power of the market, inefficiency of the public sector and the use of low-interest policy to combat the depression caused by the Covid-19 outbreak. Controversies in Economics and Finance is a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.

Using a range of calculative devices, (Mis)managing Macroprudential Expectations explores the methods used by central banks to predict and govern the tail risks that could impact financial stability. Through an in-depth case study, the book utilises empirically-informed theoretical analysis to capture these low-probability and high-impact events, and offers a novel conceptualisation of the role of risk modelling within the macroprudential policy agenda. The book asserts that central banks’ efforts to capture tail risks go beyond macroprudential policy objectives of identifying and monitoring systemic risks to financial stability. It illustrates how the calculation of tail risk contributes to managing the expectations that regulated institutions have around the Bank of England’s macroprudential approach, its willingness to support struggling institutions, and its use of novel macroprudential policy tools. Situating tail risk within the broader realm of climate finance, chapters contend that the identification of future climate tail risks simultaneously reveals opportunities for private profit and non-bank lending within the financial system, in ways that are potentially destabilizing. The book concludes by highlighting the social and political limitations of central banks’ new macroprudential approach. Transdisciplinary in approach, this book will be invaluable to students and scholars interested in the intersections between climate studies, political science and public policy, environmental economics, banking and finance, and political economy. Its practical applications will also be a useful resource to climate and finance policymakers working in central banking.

Governments across the world are increasingly relying on tourism as an instrument of development. As tourism continues to grow globally, the prospect of irreparable damage being done to some of the world's most cherished destinations is becoming real. The need to balance the ever-growing demand for tourism with planning and management strategies that protect and preserve both tourism resources and the environment for future generations is unquestionable. Introduction to Tourism planning and development: igniting Africa's tourism economy provides African students and development stakeholders with an opportunity to study and understand tourism in the context of their surroundings and heritage. Introduction to Tourism planning and development: igniting Africa's tourism economy is an introductory text that explains basic concepts and the unfolding of the tourism phenomenon on the African continent. Adopting a comprehensive and practical approach, it uses local examples and case studies to illustrate the implementation of tourism development principles and capture the essence of the African tourism space. Introduction to Tourism planning and development: igniting Africa's tourism economy is aimed at tourism students and development stakeholders.

This insightful book examines the role of micro-politics in the life of global industry associations. Karsten Ronit addresses the various rules and norms required to administer these associations, highlighting the importance of managing variations in complex member demands and responding to expectations in their institutional environment. Posing a variety of empirical and theoretical challenges, the author charts the state of the art in the study of industry associations, evaluating the current condition of research in the field. Ronit offers a systematic approach to the role of global industry associations, identifying, classifying and analysing the diverse population of industry associations and the expressions of micro-politics that occur within them. Addressing key dilemmas such as leadership, resource allocation and regulation, Ronit examines the many policy areas in which industry associations are active and the areas in which their activities overlap with other policy actors. Offering a critical conceptual exploration of the significance of industry associations, this cutting-edge book is crucial reading for scholars and students researching business and politics, particularly those interested in associational governance in global industries. It will also benefit practitioners working in business associations and consulting firms, as well as policymakers addressing industry associations.

Cultural economics has become well established as a subject of interest for students and instructors of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitization has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it. The Handbook of Cultural Economics is an acknowledged leading source for students, teachers and others interested in finding out about the subject. Cultural economics covers a wide range of topics and they are reflected in the many short and accessibly written chapters. Each chapter is written by a specialist in the subject and offers both suggestions for further reading and cross-references to other related chapters in the book. It therefore combines accessibility with depth of knowledge. The intention of the book is to introduce the reader to the various topics and to testify to the strength of economics in explaining the economic aspects of the world of the arts and creative industries. The third edition demonstrates the huge impact that digitization has had on production and consumption in the sector. While being accessible to any reader with a basic knowledge of economics, it presents a comprehensive study at the forefront of the field for students and teachers of economics, business economics, creative industries, and media and arts administration as well as for policy-makers. Contributors include: O. Ashenfelter, V. Ateca Amestoy, M. Bacache-Beauvallet, W. Baumol, P. Belleflamme, P.J. Benghozi, F. Benhamou, T. Bille, M. Blaug, K. Borowiecki, M. Bourreau, S. Cameron, D.C. Chisholm, F. Colbert, T. Cuccia, C. Dalla Chiesa, J. Denis, P. Di Caro, G. Doyle, J. Farchy, V. Fernandez-Blanco, B. Frey, O. Gergaud, V. Ginsburgh, M. Gomez-Vega, K. Graddy, A. Haddida, C. Handke, L.C. Herrero-Prieto, M. Hutter, W.M. Landes, M. Lavanga, Y.-H. Liu, I. Mazza, C. McAndrew, J. McKenzie, T. Navarrete, D. Netzer, J.W. O Hagan, T. Orme, M. Peitz, J. Prieto-Rodriguez, H. Ranaivoson, M. Rushton, G. Schulze, B. Seaman, S. Shin, J. Snowball, D. Throsby, R. Towse, O. Velthuis, R. Watt, J. Waldfogel, G. Withers, M. Zieba

When Wisconsin governor Scott Walker stood shoulder-to-shoulder with President Trump and Speaker of the House Paul Ryan at the White House in July 2017, they painted a glorious picture of his state's future. Foxconn, the enormous China-based electronics firm, was promising to bring TV manufacturing back to the United States with a $10 billion investment and 13,000 well-paying jobs. They actually were making America great again, they crowed. Two years later, the project was in shambles. Ten thousand construction workers were supposed to have been building what Trump had promised would be "the eighth wonder of the world." Instead, land had been seized, homes had been destroyed, and hundreds of millions of municipal dollars had been committed for just a few hundred jobs-nowhere near enough for Foxconn to earn the incentives Walker had shoveled at them. In Foxconned, journalist Lawrence Tabak details the full story of this utter collapse, which was disturbingly inevitable. As Tabak shows, everything about Foxconn was a disaster. But worse, he reveals how the economic incentive infrastructure across the country is broken, leading to waste, cronyism, and the steady transfer of tax revenue to corporations. Tabak details every kind of financial chicanery, from eminent-domain abuse to good old-fashioned looting-all to benefit a coterie of consultants, politicians, and contractors. With compassion and care, he also reports the distressing stories of the many individuals whose lives were upended by Foxconn. Powerful and resonant, Foxconned is both the definitive autopsy of the Foxconn fiasco and a dire warning to communities and states nationwide.

With contributions from top scholars in the field, this cutting-edge Handbook critically examines the effects of glocalisation on various subdisciplines of the humanities and social sciences. Broad and innovative, it provides a fresh take on the different forms of the glocal in contemporary culture. Using engaging case studies, humanities scholars examine how glocalisation has impacted archaeology, art, literature, philosophy, law and food; social science experts discuss the impact on tourism, religion, urban studies, criminology, education and sports. Forward-thinking, the volume engages with new developments in media and communication, considering how technological innovation, digitisation and the mediatised world affect interrelations in consumer culture. It concludes with an examination of new research frontiers, considering translocality, world science theory, and post-colonialism to expand the field by developing original approaches and suggesting new directions for research. Featuring practical insights from a wide range of disciplines, this Handbook is invaluable for students and scholars across the humanities and social sciences. It will also benefit policy makers within cultural domains concerned with glocalisation.

This crucial Handbook investigates an urgent area for policy-makers, academia and industries alike: the circular economy. International experts on the subject bring together the latest thinking on this critical global issue. Providing a comprehensive overview of the mechanisms and consequences of the circular economy, as well as its limitations, it raises important questions concerning how the world should proceed when non-renewable resources, such as fossil fuels and minerals, are being depleted and the environment is struggling to cope with the waste and emissions of unsustainable production and consumption systems. Contributors explore a broad range of themes, such as new sustainable production and consumption systems, new design requirements, recycling systems, new business models and the social impacts of the circular economy, while also consolidating the many ways in which the topic has been dealt with in research, business and policy-making. Shedding light on a concept that has become increasingly relevant during the last decade, the Handbook of the Circular Economy is essential reading for students, academics and policy-makers trying to make sense of the plethora of ways in which the term has been applied and interpreted.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. The intellectual origins of the area are explicated, and the current state of the subfield outlined. Specific topics covered include conflict over terminology, pedagogy, and content in the field of economics, measurement of the unmeasured economy, the role of caring labor in the economy, heteronormativity in economics, feminist approaches to economic development, multiple approaches to empiricism, modeling of intrahousehold relationships, consideration of the role of property rights in reifying gender roles, differential effects of international trade and finance by gender, and feminist approaches to public finance and social welfare.

This thought-provoking book investigates the political and economic transformation that has taken place over the past three decades in Central, Eastern and Southeastern Europe (CESEE) since the fall of the Iron Curtain. Through an examination of both the successes and shortcomings of post communist reform and the challenges ahead for the region, it explores the topical issues of economic transition and integration, highlighting important lessons to be learned. Featuring contributions from both top academics and experienced policymakers, 30 Years of Transition in Europe first discusses the process of transition in CESEE from a historical perspective, analysing the impacts of differing approaches on economic and monetary policy, the role of central banks and the speed of reform in various countries of the region. Chapters also compare CESEE transformations to emerging economies in Asia, and examine contemporary concerns around financial and monetary stability, as well as exploring the long-term determinants of economic growth such as digitalization, climate change and demographic trends. Economists, central bankers, and policymakers in the banking sector and other international financial organizations will find this book an enlightening read. It will also be useful for academics in economics and politics with a particular interest in emerging European economies and European integration.

In microeconomics, the decisions and functioning of individual consumers and households (what to do, what to buy, etc.), and firms or other organisations (what goods to produce, how to produce them, what prices to charge, etc.) are considered. It includes the study of the demand, supply and prices of individual goods and services such as petrol, maize, haircuts and medical services.

Understanding microeconomics is a comprehensive introduction to microeconomics in general, set against a contemporary South African background. The easy style and many practical examples make the content extremely accessible. The book covers all the material usually prescribed for introductory courses, and it lays a solid foundation for intermediate and advanced studies in economics.

This second edition is a thoroughly revised and slightly expanded version of the original one. Examples have been adjusted (where necessary), a few new topics are introduced and review questions are provided at the end of each chapter.

The aim of The Legal Foundations of Micro-Institutional Performance is to introduce the reader to a different way of thinking about economics that will allow them to both understand and apply legal concepts to economic analysis. To this end, it adopts and further develops Wesley Hohfeld's legal framework of jural (legal) relations as a tool of analysis. This analytical tool, as built into the Legal-Economic Performance framework, provides specific direction in identifying and describing interdependence among economic agents (including rights, duties, liberties and exposure to various acts). The framework adopted and developed in this book relies on the concept of interdependence--that all economic agents are tied together in a legal system given the inherent interdependent nature of transactions in a complex modern global economy. The authors start by developing this framework and then apply it to a variety of settings and empirical examples. Using this new method, economists will be able to reshape their analysis to account for how legal systems and specific legal rules impact economic performance and outcomes. This approach will be of great interest to graduate and advanced undergraduate social science scholars, faculty interested in the intersections of law and economics and the application of legal concepts to impact analysis, and practitioners in the fields of policy, law and economics.

This insightful book examines the growing role of China on the global stage by gauging the varying reactions of international spectators to Beijing's hugely significant Belt and Road Initiative. Featuring detailed studies of key geologistical projects, Peter Rimmer charts the swift transformation of China's domestic logistics systems into a global geologistics policy.   Analyses of major international logistical projects, from the Great Stone Industrial Park of Belarus, through the ports of Gwadar, Piraeus, Darwin and Sabetta to the Nicaragua Canal, illustrate the global impact of China's geologistical developments and how key logistics skills are exported through the Silk Road Economic Belt and the 21st Century Maritime Silk Road. This book distils China's global logistics developments into three basic models - the transcontinental, the reverse and the classic - to reflect upon the effects of the first five years of the Belt and Road Initiative. Laced with detailed empirical studies and an array of illustrative maps, Rimmer assesses the domestic impact of the Initiative thus far and offers an astute appraisal of the imperial connotations of Beijing's global logistical project.   This enlightening book provides crucial insights for academics and researchers in political science, transport studies and economics investigating China's recent policy initiatives, particularly those who examine the impact of geologistics. Policymakers and commentators will also benefit from the author's unique empirical insight into global logistics development.

In this timely and insightful book, Laura Maxim evaluates the use of socio-economic analysis (SEA) in the regulation of potentially carcinogenic, mutagenic, and toxic chemicals. Retracing the history of the use of cost-benefit analysis in chemical risk policies, this book presents contemporary discourse on the political success of SEA. Informed by empirical research, theoretical analysis, and professional experience in implementing EU Regulation on the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), Maxim proposes a new form of risk regulation called 'regulatory co-management', of which SEA has become a convenient tool. Chapters outline the controversy surrounding cost-benefit analysis in the US, the history of chemical regulation in Europe since 1967, and the construction and institutionalization of the European Chemicals Agency's (ECHA) socio-economic guidelines. The book concludes by analyzing legal, political, and ethical criticisms of the role of SEA in the authorization of chemicals such as lead chromate, chromium trioxide, and sodium dichromate. With direct relevance to ongoing debates about the revision of EU chemicals policy, this unique book will be essential reading for practitioners of socio-economic analysis and stakeholders involved in REACH. It will also be beneficial to academics and students of environmental governance and regulation, European politics and policy, and industrial economics.

This comprehensive Handbook explores the complex and volatile debate over globalisation and labour standards. It offers key insights into the impact of globalisation on workers, the obligations of corporations and international legal bodies in protecting workers' rights and maximising the opportunities offered by international trade and investment. Multidisciplinary contributions illustrate the benefits and drawbacks of globalisation for labour standards, demonstrating the limitations of recent initiatives to improve working conditions. The chapters pay close attention to the buying practices of multinational corporations at the top of global value chains, the priorities of which too often diverge from the codes of corporate social responsibility, as well as the inadequate actions of national governments in enforcing labour standards, including through trade agreements and sanctions. Offering an impressive overview of the key actors in the protection of workers' rights, the Handbook provides an essential reference point and research agenda for scholars and researchers of global economics and labour policy, highlighting crucial gaps in the field that are in need of further study. Its practical, empirical insights will also benefit practitioners and policy-makers working in human rights and labour advocacy, as well as trade specialists and political and economic commentators.

Plato was the first of the great thinkers to integrate the economy into a wide-ranging synthesis of ethical absolutes and human interaction. In this original and stimulating book, David Reisman assesses his influential contribution to the political economy of production, consumption, distribution and exchange. Drawing on the whole of Plato's published work, this book explores Plato's insights into the core philosophical concerns of stability, hegemony, justice and balance. It situates Plato's economics in the context of fourth century Athens. It argues that the transition from oligarchy to democracy in the wake of the disastrous war with Sparta had reinforced the attraction of justice, moderation and the middle way to a political philosopher who wanted to reverse the decay in popular standards of right and wrong. Analytical but accessible, this book is crucial reading for students and scholars of economic and social thought. Researchers and practitioners interested in social and public policy will also benefit from this book's comprehensive and interdisciplinary approach.