Utilizing extensive research in economics, psychology, political science, neuroscience and evolutionary theory, Ananish Chaudhuri provides a critical perspective on the role of cognitive biases in decision-making during the Covid-19 pandemic. The extensive use of, and support for, stringent social distancing measures in particular is explored in depth. Nudged into Lockdown? provides clear explanations of complex scientific information regarding Covid-19, vaccines, and policy responses, to highlight issues at the center of policy-making during the pandemic. With a comprehensive overview of the policy debates around Covid-19, the book offers an alternative thought-provoking perspective on the topic, as well as suggestions for policy-making during future pandemics and other crises. It further highlights applications of a range of concepts from heuristics and biases literature, including priming, framing, anchoring, Prospect Theory, and loss aversion. Providing directions for future research in the area, this book will be an invigorating read for established academics, as well as postgraduate students looking to undertake research in Covid-19 related decision-making. It will also be a critical read for economics, political science, and public policy scholars seeking a deeper understanding of the topic.

Commodities are basic goods used in commerce and are most often used as inputs in the production of other semi-finished or finished materials. They are very important products in our lives today and constitute non-negligible sources of income for many countries. This book serves as a guide to the marketing of these goods and provides scholars and commodity market participants with useful concepts, tools and guidelines to better organize and operate commodities exchanges. Issouf Soumare explains in detail commodities exchanges, from conceptualization of the exchange to its operationalization. He describes the architecture of a typical commodities exchange, looking at its trading and clearing functions, the warehouse receipt system and the regulatory framework. The book also presents practices of commodities exchanges around the world and discusses commodity products and instruments traded on these exchanges, their pricing and usage. This book is very useful and timely, as many emerging countries are setting up commodities exchanges. Academics interested in commodities and their marketing as well as industry professionals such as commodity traders, commodity exporters, risk managers, clearing officers, market makers, commodity producers, agricultural cooperatives, commodity processors, bankers, warehouse operators, and regulators will find this a useful reference.

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. Leading researcher John F. Tomer presents an invigorating and concise introduction to behavioral economics that offers essential behavioral theories, perspectives, trends and developments within this ever-evolving discipline. This book covers the key areas of behavioral economics, including Herbert Simon's bounded rationality, Daniel Kahneman and Amos Tversky's psychological economics, behavioral finance, nudging and public policy, behavioral macroeconomics, law and behavioral economics, neuroeconomics and empirical methods of behavioral economics. John F. Tomer also explores how and why behavioral economics emerged and differs from neoclassical economics. This book will be particularly useful for advanced undergraduate students, graduate students, policy makers, and other professionals who participate in economic-related matters.

Develop an understanding of economics applied to the world of business. Economics for Business, 9th Edition is the ideal textbook for students studying Economics as part of a Business Studies degree or diploma. Clear, engaging, and packed with useful features, the text introduces the key principles of economics, illustrating how they can be used to understand real business problems and aspects of the business environment. The new, thoroughly updated edition reflects recent events that have shaken the business world. These include the Covid-19 pandemic, Brexit, and rampant inflation caused first by supply-chain problems after global lockdowns and then by the surge in energy and food prices following the invasion of Ukraine. Each chapter includes topical examples, news stories, and case studies from real businesses to explain and illustrate key economic concepts, as well as activities, questions, and useful summaries to help you check your understanding. Access the free student website which accompanies this book for additional learning support, including animated explainers of key economic models, extra case studies and answers to in-text questions. Pair this text with MyLab (R)Economics MyLab (R) is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab Economics personalises the learning experience and improves results for each student. If you would like to purchase both the physical text and MyLab (R) Economics, search for: 9781292440255 Economics for Business,9th Edition 'MyLab via Bundle' which consists of: Print textbook eBook MyLab (R)Economics

Exploring magic as a creative necessity in contemporary business, this book clarifies the differences between magic as an organizational resource and magic as fakery, pretence and manipulation. Using this lens, it highlights insights into the relationship between anthropology and business, and organizational studies. The Magic of Organization looks at our economy and its dependence on magic, as success depends on innovation and creativity to produce the unexpected and amazing; but perhaps also the bogus and deceitful. Exposing the unpredictability of magic, the book reveals clear links between magic and uncontrollable and non-linear ways of organizing. Chapters discuss the double-edged sword of magic: while organizations, economies and finance depend on magical thought and actions for inspiration and surprise, they also fear them; what if the magic is real? With its clarity on how the turn-to-ontology in anthropology is significant for organizational studies, this book will be an illuminating read for students of creativity and innovation.

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published. It covers all dimensions of electricity markets: wholesale and retail; renewable electricity sources; the electrification of mobility, heating and cooling; and recent innovations such as distributed generation, electrical energy storage, demand response and digital platforms that are disrupting the industry. The benefits, as well as the limits, of open markets and competition are assessed at the level of underlying principles and with reference to specific cases, including the UK, PJM Interconnection, Texas, Australia, Scandinavia, continental Europe and China. The details of electricity market designs are analysed and discussed. The book also considers new emerging business models, as well as the impact of electricity sector policy priorities such as universal access and deep decarbonization. This Handbook is intended to be used and useful. Students and young professionals will find the information they need to enter the field. Researchers, experienced professionals and public decision-makers will get a comprehensive update on the topical issues in electricity markets that will guide them through the important developments the sector is witnessing.

Investigating the changing forms, dynamics and trajectories of the artisan and craft sector, this timely book considers the opportunities, challenges, and uncertainties associated with artisanal businesses in new economic times. Exploring how artisanal and craft products remain vibrant embodiments of tradition, heritage, authenticity and creativity, the book explores how these qualities are being harnessed and transformed to enable artisanal businesses to exploit the opportunities presented by technological innovation and evolving consumption patterns for their future viability and vitality. Revolutionary advancement in digital technologies offer 'game-changing' possibilities for artisanship and craft, across a spectrum ranging from production practices to e-commerce. But such technological advancements also present challenges to how artisanship sustains its important 'traditional' associations, and how it builds on its relationship with the ethical, the sustainable and the local. Featuring an international range of case studies, chapters exemplify how artisanal organisations can revitalise their business models, using innovative branding and marketing strategies, and entrepreneurship, to utilise the best of both the past and the future. This cutting-edge book will prove invaluable to students and scholars of marketing, business studies and sociology who are interested in contemporary innovation in artisanship and craft. With practical advice from industry experts, it also serves as a useful resource for practitioners and stakeholders within the artisanal and craft sector who might be concerned with the impact of digitalisation on the field.

Exploring themes associated with corruption, sustainable development, and human rights and security, Robert J. Hanlon considers the political dynamics of corporate social responsibility (CSR) within the context of the 'Asian Century' and its place in an increasingly multipolar world. By assessing how social responsibility is changing the discourse around trade, development and diplomacy, Hanlon sheds light on how competing visions of social responsibility are influencing political narratives in China and the West, examining multipolarity, the construction of Global China, and the ascent of competitive pluralism. Chapters argue that the liberal economic order founded at Bretton Woods is wavering with Western governments and multinational corporations who are seeking new strategies to compete against China, especially in emerging economies known for weak governance structures and dysfunctional rule of law. As CSR emerges as a political tool for states and business actors, this timely book adopts a human security approach for assessing the weaponization of political values within an increasingly fragmented rule-based liberal order. Expanding on the themes of constructivism, competitive pluralism and progressive neoliberalism, while introducing the novel concept of developmental CSR, this forward-thinking book will prove a vital resource for students, scholars and policymakers interested in Asian politics, public policy, CSR and international relations.

This timely Research Handbook examines the evolution of smart growth over the past three decades, mapping the trajectory from its original principles to its position as an important paradigm in urban planning today. Critically analysing the original concept of smart growth and how it has been embedded in state and local plans, contributions from top scholars in the field illustrate what smart growth has accomplished since its conception, as well as to what extent it has achieved its goals. Providing an overview of the history of smart growth, the book further examines its changing governance over time, and the new horizons for smart growth, exploring ways to confront contemporary challenges in urban planning. Illuminating key issues in the field, from urban sprawl to gentrification, that the original principles failed to address, this insightful Handbook advocates for the expansion of smart growth principles to meet the emerging challenges of the modern world, concluding with an agenda for a "smart growth 2.0". Informative and comprehensive, this Handbook will prove to be essential reading for researchers, academics and students of urban planning. Its proposals for the future evolution of smart growth will also serve as an accessible and up-to-date reference point for urban planning professionals, activists and policymakers.

This Handbook provides readers with an expert overview of the key theoretical approaches to governance and development, covering a broad range of policy areas and domains. Utilising a critical approach to assess issues from a multidisciplinary perspective, the contributions in this Handbook review different social contexts and policy areas, governance arrangements, and processes relating to issues of development. Chapters illustrate at global, regional and national levels how the specific forms of governance impact development and how ongoing trends of development can influence governance concerns. Further insights are also offered regarding the functioning of the state and the transformation of the role of the state in modern society, illustrating the place for governance in future development policies. Researchers in governance and development will find this comprehensive Handbook an excellent resource for their area of specialisation, and scholars in governance, political science, social sciences and economics will be provided with a useful entry point into the literature. Practitioners will also welcome this as an informative read for updating their knowledge and accessing the latest research findings.

Do institutions matter in economic theory? Or is the economic analysis of institutions a distraction from the most important action? Indeed, does Vernon Smith's notion of the "institution-free core" of formal economic theory encompass that most important action? Would that render an "economics of organization" almost devoid of economic content? The author takes up an approach that is more agnostic, inter-disciplinary and even a little irreverent. What can theory do and not do? Theory can stimulate questions about how parties manage competing demands for commitment and flexibility in their relationships but what blind spots persist? The book opens with an informal tour of the economics of system design out of which an economics of adaptation ultimately emerged. It then offers explorations, via the application of the economics of adaptation in both law and economics' relating to how parties manage relationships within the firm, within the context of long-term contracts and, most vividly, within the context of antitrust conspiracy. Advanced undergraduates, graduate students and teaching faculty in economics, public policy, management and law will find the book relevant, as it maps out connections between literatures that are not often made explicit. For historians of economic thought the book lays out a much richer understanding of what the economics of organization is (and is not), and situates it next to design economics.

Political leaders and institutions across the Global South are continually failing to respond to the needs of their citizens. This incisive book sets out to establish the pathways to and outcomes of accountability in a development context, as well as to investigate the ways in which people can seek redress and hold their public officials to account. Providing a timely complement to the current literature on accountability, the book features contributions from a diverse range of experienced and up-and-coming scholars and practitioners across the globe. Chapters explore questions of how improved accountability relations emerge, under what conditions they can be maintained, and what role civil-society actors, donors, and new ICT tools can and should play in developing countries. Integrating empirical case studies from Brazil, Egypt, India, Kenya, Uganda, and Zambia with a strong theoretical framework on accountability relations, the book delivers a comprehensive analysis of accountability initiatives across the Global South and ultimately reflects on how they contribute to reaching the UN Sustainable Development Goal (SDG) 16. This insightful book will be an essential resource for academics, policymakers, and practitioners worldwide who are engaged in enhancing public sector accountability and implementing SDG 16. It will also help to guide social movements and citizen-led action.

From the vantage point of many in the West, Africa remains a continent of woe a place stalked by ethnic conflict, corrupt dictatorships, religious strife, war and famine. But today, at last, the flawed mythology that treats Africa as a homogenous disaster area is being challenged by investors, economists, fund managers and academics. Age is not often associated with speed; but Africa, the cradle of civilisation, now has more of the world s fastest-growing economies than any other. After a generation of relative stagnation in the late 20th Century, many in Africa have begun the long-awaited period of catch-up with the developed world. The bottom billion is becoming the fastest billion. This book, the work of a group of African economists and highly respected analysts from Renaissance Capital, the leading emerging markets investment bank, aims to accelerate the world s realisation that Africa has no intention of allowing the coming decades to add up to an Asian Century . Africa s day has arrived. Proceeds from the sale of this book will be donated to Ashesi University, Ghana. www.ashesi.edu.gh View the video trailers at http://www.youtube.com/watch?v=k1krRT3R9cc&feature=youtu.be and https://vimeo. com/50979959 Visit our website www.fastestbillion.com for more information

This original book examines the experiences cities and urban areas have had with two principal concerns that confront them today: sustainability and competitiveness. Focusing on major cities in East Asia, North America, and Western Europe, Towards a Competitive, Sustainable Modern City illuminates the ways in which cities differ not only in their course and stages of development, but in the nature of their economies and their administrative structures. Featuring a wide-ranging set of contributions from top researchers, this book discusses and analyzes the issues that different cities face, such as social cohesion, tolerance and cultural diversity, and how this will determine their developmental trajectories through the coming decade. These issues are explored in relation to contemporary topics including the growing economy of robotics, the rising importance and use of artificial intelligence and the information and communications economy. Towards a Competitive, Sustainable Modern City will be an invaluable read for scholars and professors in urban economics and urban studies more broadly, particularly those who are focusing on the importance of sustainability in both areas. Its stimulating, yet accessible, approach to the topic and key case studies will also greatly benefit urban planners and economic policy makers looking to improve contemporary cities.

Responding to global events, including the international financial crisis (IFC) and the COVID-19 pandemic, central banks and the monetary regimes in many Latin American countries responded with actions to mitigate the worst impacts. The authors in this book focus on the recent trends of monetary policy in Latin America and analyze how the actions that were taken have affected the economic performance of these countries. The book is composed of 11 chapters that analyze, theoretically and empirically, the central banks' actions and the monetary regimes of the following countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. As most of these countries implemented inflation-targeting regimes in the 1990s and 2000s, a special focus will be given on these experiences and how central banks dealt with the IFC and COVID-19 crises. Academic researchers and students of economics will find a wealth of knowledge contained in these chapters, as will anyone looking for a better understanding of the economy of this important region.

This comprehensive book synthesizes research from the past 50 years of innovation studies, addressing the main elements and providing a connected perspective on innovation within organizations. It explores the generation and adoption of both technological and nontechnological innovations, offering a coherent and systematic view of the process. Fariborz Damanpour examines innovation activity and internal mechanisms and processes in both business and nonbusiness organizations, providing an overview of key concepts, terms, and theory. Insights from behavioral, economic, and structure-based perspectives are used to explain existing findings and help the reader navigate current research on the management of innovation, as well as offering ideas and frameworks to guide new studies. Organizational Innovation will be an invaluable resource for researchers and graduate-level students of management and organization studies, particularly those working on the management of innovation and technology. It will also prove useful to educators in the field as a reference work for students.

A Modern Guide to the Economics of Crime discusses the evolution of a field, whose growing relevance among scholars and policymakers is partly related to the persistence of crime and violence around the world and partly to the remarkable progress made in recent years in the economic analysis of individual and organised crime. Such progress is related to the so-called "credibility revolution" as well as to the cross-fertilization of economics and other social sciences such as criminology, sociology and political science. With contributions from some of the leading scholars in the economics of crime, the volume highlights a variety of topics, conceptual frameworks and empirical approaches, thus providing a comprehensive overview of the most recent developments of the field. Emphasising the importance of designing crime-reducing policies that are guided by rigorous empirical analyses, the contributions leverage the availability of novel and administrative micro-data, the use of research designs that unveil causal relationships, and the interdisciplinarity of approaches and theoretical frameworks. The Modern Guide moves through four parts: first investigating the role of the police and their effectiveness, then moving on to look at the distinct socio-economic factors that may induce individuals to commit crimes, followed by issues related to crime in specific groups including migrants, women and racial minorities, and finally turning from individual to organized crime. This Modern Guide will be an invigorating read for economics and criminology students and scholars looking at the relationship between the two fields. Policy makers will also benefit from the application of interdisciplinary theory to empirical research in the chapters.

Contains analyses that are designed to highlight specified subject areas or provide other significant presentations of budget data that place the budget in perspective. This volume includes economic and accounting analyses; information on federal receipts and collections; analyses of federal spending; information on federal borrowing and debt; baseline or current service estimates; and other technical presentations.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world'AEos 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. New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE'AEos answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited? Key Features: Elucidates the essence of NIE'AEos main branches, focusing on the governance of transactions and organizations (identified with Oliver Williamson), the fundamental institutional environment (Douglass North), and the role of communal institutions and collective action (Elinor Ostrom) Explores how NIE has transformed perspectives on collective action, state and legal institutions, public policy and regulation, and economic growth Extensive references to allow interested readers to dive deeper into specific topics Authored by scholars associated early on with leading figures in NIE and the development of NIE'AEos research agenda. This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.

This accessible guide to the rapidly growing and interdisciplinary field of modern economic sociology offers critical insights into its fundamental concepts and developments. International in scope, contributions from leading economic sociologists and sociologically-minded economists explore the intersections and implications for theory and empirical research in both disciplines. A Modern Guide to Economic Sociology positions contemporary studies in relation to earlier developments, highlighting the importance of understanding how stages of economic sociology have corresponded and converged with institutional, social, political and behavioural economics over time. Chapters offer a broad range of perspectives of topical and pressing themes including: wealth inequality, unsustainable development, ethical consumption, society and work, institutions and the economy, and society and entrepreneurship. Covering both empirical and theoretical aspects of the field, this book will benefit economic sociologists as well as economic sociology students. It will also be an important read for both economics and sociology students looking to better understand the interactions between the two fields and how they depend upon and advance one another.

Providing a thorough overview of the political nature of, and dynamics between, the worlds of work, labour and employment, this timely Handbook draws together an interdisciplinary range of top contributors to explore the interdependent relationship between politics and labour, work and employment. Chapters provide a wide range of differing theoretical approaches with which to explore the legal, economic and socio-political aspects of labour, work and employment in pre-capitalist, capitalist and post-capitalist societies. The Handbook explores the purpose, roles, rights and powers of employers and management, workers and unions, states and governments in the age of globalised neo-liberalism. Different non-standard and non-renumerated types of work are examined with their counterparts, offering a thorough insight into the modern economy with a key focus on migration, gender, race and community. An essential reference for political economists as well as business and management scholars, this comprehensive Handbook provides an important analysis of the interconnectedness of politics and labour, work and employment. This will also be a useful read for policy makers looking for broad insights to the ways in which policies can impact labour, work and employment.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. This timely Research Agenda provides a state-of-the-art review of existing research on manufacturing, as well as highlighting key areas of study to advance the field. Expert contributors from across the globe analyse the central role of manufacturing industries in the global economy, considering it as a multi-scalar process and assessing the impact of climate change in necessitating the decarbonization of production processes. Chapters identify and explore disruptive innovations in production technologies, including additive manufacturing, and their implications for future research. The book further highlights megatrends in automotive, electronics and emerging industries, including small and medium-sized manufacturing enterprises, Asian electronics production networks, global production networks, and operations and supply chain management. It develops a framework for accessing corporate elites and for guiding the process of undertaking qualitative semi-structured interviews. This Research Agenda will be a critical collection for economic geography, urban studies, city and regional planning, and business and management studies scholars seeking a forward-looking approach to the topic. It will also be useful to policymakers and practitioners working in regional economic development and planning.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business 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. In this thoroughly revised and updated second edition, Mariana Mota Prado and Michael J. Trebilcock offer a succinct and readable introduction to the main concepts and debates in the field of law and development. They examine the role of legal systems and institutions, investigate perceptions around what laws and legal arrangements encourage and facilitate development, and probe the issues arising in both private law and public law as well as in international economic relations. Key features of the second edition include: Discussion of the role of technology in promoting development Analysis of the potential impact of the Covid-19 pandemic on developing countries A brand new chapter investigating the role of health and education in development Written with the insight of two top experts in the field, this Advanced Introduction covers the most recent trends in law and development research and highlights areas that remain underexplored. It will be essential reading for students, practitioners and policy-makers looking to gain a clear understanding of the core principles of this multifaceted topic.

This timely Handbook provides a conceptual discussion and a wide empirical presentation of new disruptive forms of innovation producing appropriate technologies, addressing the needs of low-income populations, and providing alternative solutions for sustainable development. The Handbook of Innovation & Appropriate Technologies for International Development expertly analyses and compares contributions of appropriate technologies in developing, emerging and industrialized economies, including China and India, and their global development impacts. Additionally, it covers the transversal role of new international communication technologies, open access, digital tools as well as entrepreneurship and innovation from within emerging economies and in industrialized nations. Using empirical analyses of cases and experiences in manufacturing sectors and services, it covers both the formal and informal economy, and provides an insightful focus on differences and similarities across borders and sectors. NGO and private sector practitioners, public sector officers as well as academics specialized in development economics, entrepreneurship and engineering or management studies will find this Handbook to be illuminating and very informative. Science and technology producers and entrepreneurs will appreciate the global look into more sustainable development as related to appropriate technologies, and how they can be used across all economic backgrounds.