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Books > Business & Economics > Finance & accounting
Public understanding of, and outcry over, the dire state of the
climate and environment is greater than ever before. Parties across
the political spectrum claim to be climate leaders, and overt
denial is on the way out. Yet when it comes to slowing the course
of the climate and nature crises, despite a growing number of
pledges, policies and summits, little ever seems to change. Nature
is being destroyed at an unprecedented rate. We remain on course
for a catastrophic 3 DegreesC of warming. What's holding us back?
In this searing and insightful critique, Adrienne Buller examines
the fatal biases that have shaped the response of our governing
institutions to climate and environmental breakdown, and asks: are
the 'solutions' being proposed really solutions? Tracing the
intricate connections between financial power, economic injustice
and ecological crisis, she exposes the myopic economism and
market-centric thinking presently undermining a future where all
life can flourish. The book examines what is wrong with mainstream
climate and environmental governance, from carbon pricing and
offset markets to 'green growth', the commodification of nature and
the growing influence of the finance industry on environmental
policy. In doing so, it exposes the self-defeating logic of a
response to these challenges based on creating new opportunities
for profit, and a refusal to grapple with the inequalities and
injustices that have created them. Both honest and optimistic, The
Value of a Whale asks us - in the face of crisis - what we really
value. This book is relevant to United Nations Sustainable
Development Goal 11, Sustainable cities and communities -- .
Gordon Brown was a past-master at sneaking in new taxes by stealth,
but his efforts as Chancellor and then Prime Minister were merely
the latest in a long line of party leaders desperate to extract
more money from reluctant taxpayers. This book challenges the need
for government to resort to such underhand practices which
undermine the economy, killing the goose which lays the golden
eggs, and the integrity of the political process. The author argues
that not only does taxation flout the principle of private
property, but it 'is a primal cause of both inflation and
unemployment. Regardless of this, the freely elected governments of
contemporary trading economies - with the acquiescence of their
electorates - persist in raising the major part, if not all, of
their revenues by means of taxation. The immediate cause of such
action by governments...is ignorance of any acceptable alternative
method of raising sufficient public revenue.' Burgess shows how the
development of Keynes' general theory of employment 'leads to the
conclusion that an open trading economy is likely to be most
competitive, and therefore most prosperous, only when taxation is
abolished' - but government must be funded. How can this be done
without taxation? To provide an answer he refines Alfred Marshall's
distinction between the public and private value of property to
reveal an alternative, peculiarly public source of revenue. Unlike
a tax, defined by a former Labour Chancellor, Hugh Dalton, as 'a
compulsory contribution imposed by a public authority, irrespective
of the exact amount of service rendered to the taxpayer in return',
the 'public value' identified by Marshall would deliver an exact
equivalence between the benefits enjoyed and the amount paid. On
the basis of this widely accepted definition, therefore, it is not
a tax but the price for services rendered like any other
transaction - the price fixed by the market. The author shows how
reform may be introduced with a minimum of disruption, so that
politicians with an eye to re-election can achieve measurable
results during the lifetime of a parliament.
One of the integral parts of determining business success directly
correlates to how well a company interacts with their customers.
This increased demand for direct communication has evolved how
companies cooperate with their patrons and examines how essential
ethics is related to these communications. Ethical Consumerism and
Comparative Studies Across Different Cultures: Emerging Research
and Opportunities provides emerging research exploring the
theoretical and practical aspects of the fundamental issues related
to ethical consumerism and applications within business, science,
engineering, and technology and examines the impact Arab and global
cultures have on consumerism. Featuring coverage on a broad range
of topics such as business ethics, data management, and global
business, this book is ideally designed for managers, executives,
advertisers, marketers, sales directors, practitioners,
researchers, academicians, and students.
This book covers three topics that have dominated financial market
regulation and supervision debates: digital finance, sustainable
finance, and the Banking and Capital Markets Union. Within the
first part, seven chapters will tackle specific questions arising
in digital finance, including but not limited to artificial
intelligence, tokenisation, and international regulatory
cooperation in digital financial services. The second part
addresses one of humanity's most pressing issues today: the climate
crisis. The quest for sustainable finance is driven by political
actors and a common understanding that climate change is a severe
threat. As financial institutions are a cornerstone of human
interaction, they are in the regulatory spotlight. The chapters
explore sustainability in EU banking and insurance regulation, the
interrelationship between systemic risk and sustainability, and the
'greening' of EU monetary policy. The third part analyses two
projects that have led to huge structural changes in the European
financial market architecture over the last decade: the European
Banking Union and Capital Markets Union. This transformation has
raised numerous legal questions that can only gradually be answered
in all their intricacies. In four chapters, this book examines
composite procedures, property rights of depositors in banking
resolution, preemptive financing arrangements and the phenomenon of
subsidiarisation in the context of Brexit. Of interest to
academics, policymakers, practitioners, and students in the field
of EU financial regulation, banking law, securities law, and
regulatory law, this book offers a compilation of analyses on
pressing banking and capital markets law problems.
In Progress and Poverty, economist Henry George scrutinizes the
connection between population growth and distribution of wealth in
the economy of the late nineteenth century. The initial portions of
the book are occupied with refuting the demographic theories of
Thomas Malthus, who asserted that the vast abundance of goods
generated by an economy's growth was spent on food. Consequently
the population rises, keeping living standards low, poverty
widespread, and starvation and disease common. Henry George had a
different attitude: that poverty could be solved and economic
progress preserved. To prove this, he draws upon decades of data
which show that the increase in land prices restrains the amount of
production on said land; business owners thus have less to pay
their workers, with the result being mass poverty especially within
cities.
Recent events, such as capital flow reversals and banking sector
crises, have shaken faith in the widely held belief in the benefits
of greater financial integration and financial deepening, which are
typical in advanced economies. This book shows that emerging
economies have occasionally weathered the storm best, despite the
supposed burden of 'weak institutions'. Written by leading scholars
and practitioners, the authors demonstrate that a better policy
framework requires reliable indicators of vulnerability to
financial instability. Using empirical evidence and case studies,
the twelve chapters stress the necessity of improved policy tools
and automatic stabilizers that anticipate and limit the
vulnerabilities to financial crises. Cross-border capital flows,
international reserves and foreign exchange markets are covered in
depth. This timely book offers an insightful overview and policy
solutions to the issues surrounding macroprudential regulation of
economies in a globalized world. It is required reading for
students and scholars of international finance and regulation.
Contributors include: S. Cho, R. Cifuentes, S. Claessens, S.R.
Ghosh, M.S. Gochoco-Bautista, J.-H. Hahm, A. Jara, D. Jeong, K.-C.
Jung, D. Kang, J. Lee, J.-E. Lee, A. Mason, A. Munro, C. Nam, M.
Reddell, C. Rhee, H.S. Shin, S. Suh
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