Contemporary law and economics has greatly expanded its scope of inquiry as well as its sphere of influence. By focussing specifically on a comparative approach, this Handbook offers new insights for developing current law and economics research. It also provides stimuli for further research, exploring the idea that the comparative method offers a valuable way to enrich law and economics scholarship. With contributions from leading scholars from around the world, the Handbook sets the context by examining the past, present and future of comparative law and economics before addressing this approach to specific issues within the fields of intellectual property, competition, contracts, torts, judicial behaviour, tax, property law, energy markets, regulation and environmental agreements. This topical Handbook will be of great interest and value to scholars and postgraduate students of law and economics, looking for new directions in their research. It will also be a useful reference to policymakers and those working at an institutional level. Contributors: G. Bellantuono, Y.-c. Chang, R.K. Christensen, E. Colombatto, T.F. Cotter, A. Foddis, N. Garoupa, D.J. Gerber, W.J. Gordon, V.P. Hans, K.A. Houghton, K.-C. Huang, R. Ippoliti, A. Jolivet, A. Kreis, E. Marelli, N. Mercuro, T.J. Miceli, H.T. Naughton, I.P.L. Png, G.B. Ramello, F. Revelli, M. Signorelli, H.E. Smith, J. Szmer, T.S. Ulen, Q.-h. Wang, P.K. Yu

The decision to carry out a merger or acquisition is certainly a risky one, not least because of the number of variables influencing the final outcome. It is also a decision frequently based on the wrong objectives and an incorrect evaluation process. With this in mind, this important new book offers solutions for reducing the high percentage of mergers and acquisitions (M&As) that fail. It adopts a normative approach, using theoretical analysis to show what managers could and should do to increase shareholders' value through successful M&A strategies. It also explores the conditions that are suitable for favouring a certain type of M&A (horizontal, vertical or diversified) over the others. The author presents various analytical models combined with a selection of case studies to demonstrate the relevant conditions under which each type of strategy can create value. The book analyses different types of M&As, the specific sources of synergy and the way value can be calculated. An integrated analysis of potential synergies, their evaluation and the modifications to the organizational structure necessary for implementation is also included. In conclusion, the book presents some case studies of successful M&A strategies providing a link between theory and practice. Building upon traditional theories and providing original and innovative analysis, this is an essential book for students and scholars in economics, business and strategic management, as well as managers and consultants seeking an analytical and practical understanding of M&A strategies.

Collaborated by Chinese and American scholars, Understanding China's Urbanization opens up a new channel to disseminate Chinese studies to the world. Highly readable, the book provides fine-grained materials and detailed information on Chinese urbanization. Li Zhang, Richard LeGates and Min Zhao effectively convey an indigenous perspective on Chinese urban futures and present a picture with sufficient complexity and wide coverage.' - Fulong Wu, University College London, UK 'A most comprehensive book about urbanization in China, with in-depth insights from a talented scholarly team. This book is far more than a snapshot of the Chinese story, it reveals the important developments that have occured as China has transitioned into a dynamic urban country.' - Shi Nan, Secretary General, Urban Planning Society of China 'Zhang, LeGates, and Zhao's book builds on the voluminous literature on China's urbanization by adding new data, findings, insights, perspectives, and recommendations. Both academically sophisticated and reader-friendly, the book surveys and critiques research in and outside China and highlights new phenomena in urbanization, governance, migration, foreign direct investment, and city clusters. Richly decorated with illustrations as well as the authors' original statistical and field analyses, the book is a much welcome multidisciplinary contribution to understanding a burning question in China.' - C. Cindy Fan, University of California, Los Angeles China's urbanization is one of the great earth-changing phenomena of recent times. The way in which China continues to urbanize will have a critical impact on the world economy, global climate change, international relations and a host of other critical issues. Understanding and responding to China's urbanization is of paramount importance to everyone. This book represents a unique exploration of the demographic, spatial, economic and social aspects of China's urban transformation. Based on years of fieldwork and data analysis from different types of cities and towns in every region of China, the authors present a detailed description of how China has urbanized since 1978 and an original theory about the way in which top-down and bottom-up policies have impacted urbanization. They describe China's on-going urbanization process as a 'double-dual' transformation from a planned economy to a more market-oriented one and from a concern with the quantity to the quality of urbanization. In doing so, the authors provide the most comprehensive and up-to-date book on Chinese urbanization to date. This scholarly study will appeal to academics and practitioners, including professors and postgraduate students of urban studies, planning, geography, Asian studies, and other social science disciplines and professional fields concerned with cities and urban development. Professionals involved in international development, particularly in China and elsewhere in Asia, will be particularly interested in the book.

This superb text defines and describes modern industrial policy. For many years economists, politicians, and policymakers have worried over inward-looking and damaging industrial policies, associating them with poor economic performance and arrested industrial development. At last we have a book which identifies and analyses new forms of modern industrial policy which work effectively and are able to overcome the problems of the past. The book is replete with concrete examples and new conceptual developments, showing how modern industrial policy is able to initiate, upgrade, and transform economic activity for the benefit of all. The evidence is used to provide a new theory of industrial policy, distinguishing modern industrial policy from the practices of the past - leaving no room for doubt as to how policymakers should proceed in the twenty-first century. Essential reading for policymakers, analysts, scholars, teachers, and consultants concerned with industrial policy and modern economic development.' - Mike Hobday, University of Brighton, UK'Jesus Felipe is to be congratulated for assembling a first-rate group of authors to address one of the most important policy issues of our time. Their main contention is that, to succeed, latecomer developing countries need a 'modern industrial policy'. Aware of the pitfalls, they provide empirical evidence in support of their arguments. The country studies are particularly interesting. A stimulating volume that deserves to be read, including by the skeptics.' - Hal Hill, Australian National University Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of modern industrial policy is embedding private initiative in a framework of public action to encourage diversification, upgrading, and technological dynamism to achieve development in the twenty-first century. The book reviews key questions that policymakers ask about industrial policy, such as: who selects sectors; what is the rationale for sector selection; what are the main tools to promote sectors?, what is the role of human capital; and what are the mechanisms for monitoring and evaluation? Expert contributors discuss how to undertake industrial policy effectively and examine the experiences of Australia, the EU, the Republic of Korea, Malaysia, and the US. Policymakers, multilateral development institutions, and scholars will find the discussions on industrial policy, structural transformation, economic diversification and upgrading, and capabilities to be useful and practical. Contributors: F. Block, J.-M. Chang, K. Farla, J. Felipe, F. Guadagno, C.A. Hidalgo, M.R. Keller, M.H. Khan, K. Lee, J.Y. Lin, C. Long, W.F. Mitchell, C. Rhee, T. Siew Yean, B. Verspagen, Y. Wang, X. Zhang

LONGLISTED FOR THE CRICKET SOCIETY AND MCC BOOK OF THE YEAR AWARD 2023. "Fascinating" The Observer "Illuminating" The Times "Crickonomics is packed with sufficient statistical analysis to have the most ardent cricket geek purring with pleasure" Mail on Sunday "An insightful, Hawk-Eye-like analysis of the numbers behind cricket" Financial Times An engaging tour of the modern game from an award-winning journalist and the economist who co-authored the bestselling Soccernomics. Why does England rely on private schools for their batters - but not their bowlers? How did demographics shape India's rise? Why have women often been the game's great innovators? Why does South Africa struggle to produce Black Test batters? And how does the weather impact who wins? Crickonomics explores all of this and much more - including how Jayasuriya and Gilchrist transformed Test batting but T20 didn't; English cricket's great missed opportunity to have a league structure like football; why batters are paid more than bowlers; how Afghanistan is transforming German cricket; what the rest of the world can learn from New Zealand and even the Barmy Army's importance to Test cricket. This incisive book will entertain and surprise all cricket lovers. It might even change how you watch the game.

Women economists rarely feature in most textbooks on the history of economic thought before 1960, despite the many articles and theses produced by them in the period. Why is their work so little studied? What did they write about? Who listened to them, supported them or hindered them?Women of Value seeks to better understand the lives and work of the women who helped to build the economics profession. A number of these papers focus on the sociology of the economics discipline including the failure to cite the work of women economists, graduate work by women and the personal networks among women economists in the pre-war period. It also includes a personal memoir of the experience of one female graduate student studying in the 1930s. Later papers focus on specific women economists including Jane Marcet, Harriet Martineau, Harriet Taylor, Barbara Bodichon, Charlotte Perkins Gilman and Mary Paley Marshall. The final chapter in the book looks at two studies of the role of women in industry carried out in the early twentieth century. Women of Value reassesses the role of women economists by using biographical research to augment the standard tools of historical and bibliographical work. Combining intellectual rigour with biographical insights into the lives and experience of many determined and courageous women economists, this volume will be welcomed by historians of economic thought, feminist economists and and the those with an interest in women's history.

This report, first published in 1985, written by a distinguished group of legal and public policy experts, documents the growing trade in hazardous industries and toxic products. Hazard export threatens the health and environment of workers and ordinary citizens the world over. It is carried out by transnational corporations, in order to locate their most dangerous industrial activities outside the US, in countries where regulatory controls may be less strict. The issues represented here include occupational safety, environmental protection, international relations and problems of legal control. Attention is focused on the political and economic impact of hazard export on the US, Europe and developing countries, and the book's critical analysis is addressed directly to the institutional level best suited to constructive action. This title will be of interest to students of business studies.

The shadow economy has become the focus of policy makers around the world. This timely book explores the relationship between entrepreneurship and the shadow economy, by reviewing how to measure, explain and tackle this hidden enterprise culture. The editors bring together leading authorities in the field to examine existing methods to measure shadow economy, explore entrepreneurship and shadow economy practices in various contexts, and provide policy suggestions for decreasing the shadow economy. It concludes by encouraging further research in this ever-growing field. Students and scholars in the field of entrepreneurship and the shadow economy will find this book to be of use to their work. It will also be of use to those in disciplines, such as sociology, economics and global studies, as well as practitioners in the field of public policy. Contributors: Y. Abdih, J.E. Amoros, A. Chepurenko, J.P. Couyoumdjian, O. Cristi, E. Denisova-Schmidt, I.A Horodnic, L. Medina, M. Minniti, Y. Prytula, T.J. Putnins, A. Sauka, F. Schneider, M. Virtanen, C.C. Williams, J. Windebank

Education has become an increasingly important activity within all economies; from pre-school years groups through to continuing education and retraining, the accumulation of skills spans a lifetime. Economic Principles for Education looks at all the major areas of economics, applying them to education. Human capital theory is discussed and evidence on rates of return and the benefits of training is presented. The demand for education is described, with an assessment of how pervasive wealth effects are in education systems. The author discusses the efficiency of education providers, including teacher supply, and identifies the optimal rules for teacher deployment. Education markets, the role of governments and the macroeconomics of education are all considered along with the key social benefits of education. Using evidence from a range of countries, but particularly the UK and the US, Clive Belfield provides an appreciation of the depth and breadth of the literature of the economic study of education in one easily accessible volume. This will be a valuable text for scholars of economics and education, and will be welcomed by all those interested in obtaining an overview of the field and in understanding the key principles economists use.

The impact of transport on the global environment is an issue attracting world-wide attention in the 1990s. This important book sheds new light on the environmental costs of transport. It discusses all modes of transport and their effects of major problems such as greenhouse gases, depletion of non-renewable resources, urban sprawl, acid rain, oil spillage etc. Drawing on the most recent research in environmental economics, it discusses problems of regulation and the implications for economic policy. This genuinely international and comparative book will be essential reading for economists, transport planners, policymakers and environmental scientists.

Transforming Socialist Economies presents - for the first time - an account of the initial attempts to transform the centrally planned economies of Czechoslovakia and Poland into modern capitalist economies.Both countries have adopted 'shock therapy' aimed at the fastest possible transition but with disappointing results. Poland appears to be on the brink of permanent depression and political paralysis. Czechoslovakia is only now beginning to show the first signs of economic recovery and faces the prospect of partition. In seeking to explain these disappointing results, Dr Myant critically analyses recent economic performance and past attempts at economic reform. He shows the weaknesses in the theory behind 'shock therapy', considers the political processes that led to its adoption and analyses its impact on the economy, on relations in the workplace and on political life. The result is a provocative and enlightening view of economic reform which will be essential reading for economists and political scientists.

The global space sector has always been regarded as a cutting-edge field, futuristic and at the forefront of innovation. In recent years, the sector has undergone massive change, giving rise to a high-technology niche worth over $330 billion in revenues worldwide and growing. That process, encompassing a greater and more diverse set of actors, has been described as the "democratization of space." Above and Beyond: Exploring the Business of Space provides a comprehensive and current overview of the business of space and its distinctive competitive dynamics. The book explores the commercialization of space, taking the reader on a journey from the era of the Space Race up to the present and beyond. Focusing on both state and commercial actors, the book provides an exhaustive panoramic view of an area of growing human endeavour and ambition that is both informative and fascinating. As the business of space continues to develop and grow at a remarkable pace, the book offers a thoughtful and timely analysis of its past, present and future scenarios. While providing a critical assessment of the business of space, this book offers valuable insights to academics, policy makers and anyone with a keen interest in the sector, as well as useful lessons from emerging commercial and traditional space actors that have broader applicability to other industries and their managers.

This lucid, up-to-date book takes a fresh look at the application of cost-benefit analysis (CBA) to environmental problems ranging from wildlife protection to global warming. Cost-Benefit Analysis and the Environment is structured into two parts. Part one provides a critical up-to-date account of the theory and practice of CBA as applied to the environment. Part two focuses on a number of specific case studies, in particular ozone damage to agricultural crops, wilderness land use, recreation and nitrate pollution. The application of CBA to the greenhouse effect is used to illustrate the limitations of the method. The book summarizes the major problems CBA faces in environmental application. This book will be highly relevant for the growing number of undergraduate and post-graduate courses in environmental economics and management, as well as being of interest both to academics researching in these areas, and to other professionals concerned with project appraisal and the environment.

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

Cultural heritage is a complex and elusive concept, constantly evolving through time, and combining cultural, aesthetic, symbolic, spiritual, historical and economic values. The Handbook on the Economics of Cultural Heritage outlines the contribution of economics to the design and analysis of cultural heritage policies and to addressing issues related to the conservation, management and enhancement of heritage.The Handbook takes a multidisciplinary approach, using cultural economics as a theoretical framework to illustrate how crucial and stimulating cross-disciplinary dialogue actually is. Contributors scrutinize the co-existence of cultural and economic values as well as the new challenges that arise from changes brought about by technology, and relationships between the different actors engaged in the production, distribution and consumption of heritage services. The roles of public, private and non-profit organizations are also explored. Case studies underpin the discussion, demonstrating the clear and vital link between theory and practice. This highly unique Handbook will prove a fascinating and informative read for academics, researchers, students and policymakers with an interest in cultural economics. Contributors: M. Abdel-Kader, N. Agnew, G.J. Ashworth, V. Ateca Amestoy, H. Attala, F. Benhamou, L. Bonet, R.T. Carson, X. Castaner, F. Colbert, F. Cominelli, M.B. Conaway, L. Deloumeaux, M. Demas, V. Fernandez-Blanco, M. Forte, B.S. Frey, V. Ginsburgh, K. Goto, X. Greffe, C. Guccio, L.C. Herrero, M.J. Holler, A. Klamer, F. Mairesse, I. Mazza, A. Mignosa, D. Mitroff Silvers, T. Navarrete, S. Navrud, D.S. Noonan, P. Paolini, A. Peacock, L. Petrova, J. Prieto-Rodriguez, N. Proctor, F. Revelli, I. Rizzo, E. Rojas, J.-M. Salaun, H. Samir, B.A. Seaman, J.D. Snowball, L. Steiner, J.H. Stubbs, D. Throsby

This comprehensive single volume includes seminal articles written by eminent scholars that study the role of standards in the competitive process, the diffusion of standards throughout industry and the role of the public sector in support of standards development. With an original introduction by the editor, this volume is an excellent source of reference and provides an invaluable foundation for students and researchers interested in standards.

- volume editor and chapter contributors have large professional networks and many are providing leadership and management training for which this book will be required - strong transactional analysis angle

The question of how we can best regulate the all-important markets for legal services is rarely investigated with the benefit of good empirical evidence about what's wrong and what works. The challenge of doing empirical work in this area is steep, given a lack of data and the complexity of comparing across very different jurisdictions and legal environments. In this much-needed contribution, Frank Stephen usefully brings together a set of empirical studies and an overview of the recent regulatory reforms that have been pursued in the UK and other European jurisdictions in the past two decades. The result will help policymakers make further progress in the increasingly urgent effort to establish efficient and accessible markets for legal services worldwide.' - Gillian K. Hadfield, USC Gould School of Law, US'Frank Stephen draws on thirty years' experience of working on the regulation of the legal professions, and on several empirical studies, to provide a fascinating account of the evolving attempts to introduce competition into the supply of legal services and how such attempts have sometimes been thwarted. It also makes a major contribution to the theoretical debate on the justifications, modes and likely impacts of regulation.' - Anthony Ogus, University of Manchester, UK and University of Rotterdam, The Netherlands 'Professor Stephen's book provides a wonderfully concise, accessible and insightful review of both the theory and the empirical evidence (much of it his) on regulatory restrictions on the provision of legal services and challenges traditional arguments for the self-regulation of the legal profession. His economic/consumer welfare perspective provides a stimulating reference point in ongoing debates on the appropriate regulation of the market for legal services and the case for self-regulation, which (unlike the UK) is still very strongly espoused in North America, but under increasing scrutiny. Professor Stephen s book will intensify this scrutiny.' - Michael Trebilcock, University of Toronto, Canada Frank H. Stephen's evaluation of public policy on the legal profession in UK and European jurisdictions explores how regulation and self-regulation have been liberalized over the past 30 years. The book surveys where the most recent and radical liberalization involving the ownership of law firms by non-lawyers is likely to lead, and appraises the economic literature on the costs and benefits of regulating markets for professional services. It challenges socio-legal views on professional legislation and highlights the limitations of regulatory competition, as well as the importance of dominant business models. The author reviews the empirical work underpinning these theories and policies. He also evaluates the effectiveness of regulatory competition as a response to regulatory capture. Lawyers, Markets and Regulation will be of interest to academics focusing on professional regulation in the fields of economics and law. Lawyers, legal policymakers, competition authorities and regulators will also find the book to be an enlightening read. Contents: Preface 1. Introduction Part I: Why Do We Regulate Lawyers? 2. Why Regulate Lawyers? 3. How Lawyers are Regulated 4. Lawyers and Incentives Part II: Deregulation of Legal Markets in the UK and Europe 5. Liberalization of Legal Markets in UK and EU Jurisdictions 6. Evidence on Effects of Deregulation Part III: The Future of 'Lawyering' 7. Legal Services Act 2007 and the Promotion of Regulatory Competition 8. A Technological Revolution in 'Lawyering'? 9. Summary and Conclusions References Index

Factfulness: The stress-reducing habit of only carrying opinions for which you have strong supporting facts. When asked simple questions about global trends - why the world's population is increasing; how many young women go to school; how many of us live in poverty - we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess journalists, Nobel laureates, and investment bankers.

In Factfulness, Professor of International Health and a man who can make data sing, Hans Rosling, together with his two long-time collaborators Anna and Ola, offers a radical new explanation of why this happens, and reveals the ten instincts that distort our perspective. It turns out that the world, for all its imperfections, is in a much better state than we might think. But when we worry about everything all the time instead of embracing a worldview based on facts, we can lose our ability to focus on the things that threaten us most.

Inspiring and revelatory, filled with lively anecdotes and moving stories, Factfulness is an urgent and essential book that will change the way you see the world.

This unique Handbook examines the impacts on, and responses to, economic geography explicitly from the perspective of the behavior, mechanics, systems and experiences of different firms in various types of industries. The industry studies approach allows the authors to explain why the economic geography of these different industries exhibits such particular and diverse characteristics. The sectors and industries covered include:- traditional heavy industry and engineering - creative and cultural industries - knowledge sectors - natural resource-based and environmental sectors - knowledge, networks and communications issues. The Handbook of Industry Studies and Economic Geography will strongly appeal to students, scholars and researchers interested in all aspects of industrial location and economic geography. Contributors include: Y. Aoyama, D. Bailey, F. Bellusi, G. Bentley, M. Bokhorst, F. Bruinsma, K. Buzard, G. Carlino, M.C. Carroll, J. Cooper, L. de Propris, P. Doeringer, E.L. Echeverri-Carroll, C. Forman, P. Foster, A. Gadwa Nicodemus, F. Giarratani, N. Green Leigh, G. Gruver, G.J.D. Hewings, H. Izushi, R. Jackson, T. Klier, S. MacNeill, R. Madhavan, S. Manning, A. Markusen, C. Martinez, H. Mayer, P. McCann, R. Mudambi, R. Ortega-Argiles, L. Oxley, R. Rama, N. Reid, A. Reynolds-Feighan, J. Rubenstein, H. Shangqin, S. Sheppard, D. Terkla

'Highly instructive . . . provides thoughtful analysis' Financial Times 'Exactly what any prospective-or sitting-board member needs' Arianna Huffington 'A must read . . . highly engaging . . . an indispensable guide to how boards function, malfunction, and, most importantly, should operate better' Mohamed A. El-Erian Corporate boards are under great pressure. Scandals and malpractice at companies like GE, Theranos and WeWork have raised justified questions among regulators, shareholders, and the public about the quality of corporate governance. Boards face ever-louder demands to weigh in on questions of climate change, racial and gender equity, data privacy, and other social issues that range far beyond their traditional mandate: choosing the CEO and endorsing corporate strategy. In HOW BOARDS WORK, prizewinning economist, veteran board director, and bestselling author Dambisa Moyo offers an insider's view of corporate boards as they are buffeted by the turbulence of our times. Drawing on her decade of experience serving on corporate boards, Moyo lays out what it is that boards actually do, and she outlines how they must adapt to survive the challenges of coming years. Corporations need boards that are more transparent, more knowledgeable, more diverse, and more deeply involved in setting the strategic course of the companies they lead. HOW BOARDS WORK is an urgent road map for how boards can steer companies through tomorrow's challenges and ensure they thrive to benefit their employees, shareholders, and society at large.

'In the study of decision-making by people in the world, the laboratory, in surveys, or in all of the above, many scholars have derided our decisions as irrational, uninformed, biased or vulnerable to illusions, if not delusions, that steer us off-track. You won't find that simplistic reduction in this book. You will find plenty of cases of error, sometimes random, sometimes systematic, and sometimes in the models that are alleged to specify rational behaviour. You will also find penetrating analyses of institutions and other social systems that have made us smart, or smart enough to muddle through in an uncertain world.' From the Foreword by Vernon L. Smith, Chapman University, US This Handbook is a unique and original contribution of over thirty chapters on behavioural economics. It examines and addresses an important stream of research where the starting assumption is that decision-makers are, for the most part, relatively smart or rational. This particular approach is in contrast to a theme running though much contemporary work in which individuals' behaviour is deemed irrational, biased and error-prone, often due to how the brain is hardwired. In the smart people or bounded rationality approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of individuals. The Handbook covers a wide-range of themes from micro to macro, including economic psychology, heuristics, fast and slow thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics and public policy. It argues that neoclassical decision-making benchmarks are typically not the gold standard for best practice. The expert contributions demonstrate that decision-making capabilities and decision-making environments can both be more effective and consistent than nudging in improving welfare and utility, and in maximizing well-being. They also demonstrate how learning, improved information, empowerment, voice and preference play a vital role in determining smart decision-making outcomes. This comprehensive and original Handbook will appeal to academics in behavioural and experimental economics, and economic psychology. Contributors include: M. Altman, C.L. Anderson, G. Antonides, M. Augier, S. Austen, N. Berg, P. Biscaye, P.J. Boettke, S. Bourgeois-Gironde, R.A. Candela, A. Cronholm, G. Danese, G. Foster, R. Frantz, P. Frijters, K. Gangl, H. Gintis, M.J.J. Handgraaf, B. Harrison, B. Hartl, A. Hopfensitz, S. James, B. Kamleitner, E.L. Khalil, R. Kheirandish, D. Kilger, E. Kirchler, F. Kutzner, D. Lester, A. Leung, E. McPhail, B. Meder, T. Mengay, L. Mittone, S. Mousavi, H. Neth, A. Ortmann, M. Pingle, O. Powell, O. Rosin, T.F. Roetheli, N. Sari, N. Shestakova, L. Spiliopoulos, V. Tarko, S. Teraji, J.F. Tomer, J. van Beek, T. Vogel, B. Yang Lester

This important book presents a thematic selections of essays by leading post Keynesian economists from Europe and North America. It focuses on a major feature of post Keynesian economics namely the interrelationships between pricing, distribution and growth. It is no accident that these aspects were emphasised in the work of the founding fathers particularly Kalecki and Keynes. Included in the present volume are essays by scholars who have made significant contributions to our understanding of these relationships. Lying behind them is the emphasis on the role of time and uncertainty that initially comes from the works of Keynes, Kalecki and Kaldor. The book offers a thorough coverage of both pricing and distribution as well as the related issue of growth which has, hitherto, been comparatively neglected. It also provides a critical appraisal of certain aspects of main stream economics.

This book presents in one volume Professor Wiseman's seminal work on the theory of costs and the economist's treatment of the role of government. The major themes concern the subjectivity of costs and the unknowability of the future. From an initial scepticism about pricing rules, the arguments develop into a comprehensive critique of mainstream economic theory and, more positively, an exposition of the fundamentals of a new political economy grounded in choice-as-opportunity-cost.