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Books > Business & Economics > Economics > Macroeconomics > General

Making Economics Public - The Hows and Whys of Communicating Markets and Models (Paperback): Vicki Macknight, Fabien Medvecky Making Economics Public - The Hows and Whys of Communicating Markets and Models (Paperback)
Vicki Macknight, Fabien Medvecky
R1,113 Discovery Miles 11 130 Ships in 9 - 15 working days

Economics – macro, micro and mysterious – is integral to everyday life. But despite its importance for personal and collective decision making, it is a discipline often viewed as technical, arcane and inaccessible and thus overlooked in public discourse. This book is a call to arms to bring the discipline of economics more into the public domain. It calls on economists to think about how to make their knowledge of the economics public. And it calls on those who specialise in communicating expert knowledge to help us learn to communicate about economics. The book brings together scholars and practitioners working at the early stages of an emerging field: the public communication of, and public engagement with, economics. Through a series of short essays from academics and practitioners, the book has two key goals: first and foremost, it will make a case for why we need to make economics public and for the importance of having a clear vision of what it means to make economics public. Secondly, it suggests some ways that this can be done featuring contributions from practitioners, including economists, who are engaging audiences in newspapers, museums and beyond. This book is essential reading for those in economics with an interest in making economics public and those already in the many fields dedicated to communicating expert knowledge in public spaces who have an interest in where economics can fit.

Money and Empire - Charles P. Kindleberger and the Dollar System (Hardcover): Perry Mehrling Money and Empire - Charles P. Kindleberger and the Dollar System (Hardcover)
Perry Mehrling
R1,020 R963 Discovery Miles 9 630 Save R57 (6%) Ships in 12 - 17 working days

Charles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, this book is also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world.

Foundations of Real-World Economics - What Every Economics Student Needs to Know (Paperback, 3rd edition): John Komlos Foundations of Real-World Economics - What Every Economics Student Needs to Know (Paperback, 3rd edition)
John Komlos
R1,265 Discovery Miles 12 650 Ships in 9 - 15 working days

* Presents many of the microeconomic and macroeconomic theories and schools of thought not generally covered in mainstream principles of economics textbooks * Each chapter starts with a short "refresher" of standard neoclassical economic modelling before demonstrating how that model is distorted by people, problems and events in the real world to provide students with a more realistic picture of how the economy works * Updates throughout and new material on populism, racism, inequality, climate change and the covid-19 pandemic * Now has online supplements: quiz questions for students and PowerPoint slides for instructors

Investing in the Trump Era - How Economic Policies Impact Financial Markets (Hardcover, 1st ed. 2018): Nicholas P. Sargen Investing in the Trump Era - How Economic Policies Impact Financial Markets (Hardcover, 1st ed. 2018)
Nicholas P. Sargen
R738 R614 Discovery Miles 6 140 Save R124 (17%) Ships in 10 - 15 working days

In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn about economic policy issues that surfaced. Topics include long-term growth, the federal budget deficit, healthcare reform, tax reform, regulatory policies affecting the financial system and environment, the nexus of monetary, exchange rate and trade policies, and globalization. The book explains how these issues have evolved, considers arguments from both sides of the political divide, and draws upon evidence from studies by experts in the respective areas. A related goal is to assess the likely impact of economic policies on financial markets. While the presidential election was close, the markets' response was decisive: U.S. and global equity markets went on a tear as consumer and business confidence soared. This surprised many investors who believed a Trump victory would be bad for financial markets. It also caused many to question whether expectations embedded in markets were too optimistic. Sargen's assessment is presented in the opening and concluding chapters.

Full Employment and Price Stability - The Macroeconomic Vision of William S. Vickrey (Hardcover): William S. Vickrey Full Employment and Price Stability - The Macroeconomic Vision of William S. Vickrey (Hardcover)
William S. Vickrey; Edited by Mathew Forstater, Pavlina R. Tcherneva
R2,848 Discovery Miles 28 480 Ships in 12 - 17 working days

Collecting Nobel Laureate William S. Vickrey's articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail. Advocating sensible economic policies, this collection will offer much of value to heterodox and orthodox economists, graduate economics students and also policymakers.

Population Ageing, Migration and Social Expenditure (Hardcover): Jose Alvarado, John Creedy Population Ageing, Migration and Social Expenditure (Hardcover)
Jose Alvarado, John Creedy
R2,852 Discovery Miles 28 520 Ships in 12 - 17 working days

The major industrialized countries are undergoing a significant demographic transition associated with low fertility rates combined with reduced mortality rates. A major consequence of the current transition is that populations are expected to age substantially over the next forty years. This innovative book studies the effects of population ageing with the associated factor of immigration, on social expenditure and public finance. The authors begin by providing an introduction to some of the main issues concerning population ageing and migration. This is followed by a discussion of the demographic and economic aspects of the transition towards an older population which is taking place in the major industrialized countries. Within this framework the impacts of ageing on government budgets and the labour market are analysed. The book then turns to a discussion of some of the economic, social and demographic issues related to immigration. Particular emphasis is placed on the Australian economy, which provides an interesting case study in view of its high immigration levels, particularly over the last fifty years. The authors project population structure and social expenditure patterns under a variety of assumptions concerning the number and composition of immigrants. The quantitative techniques developed to produce these projections can be applied without modification to any other country. Population Ageing, Migration and Social Expenditure will be of use to academics and students with an interest in public finance, public policy and population studies.

Quantum Macroeconomics - The legacy of Bernard Schmitt (Paperback): Jean-Luc Bailly, Alvaro Cencini, Sergio Rossi Quantum Macroeconomics - The legacy of Bernard Schmitt (Paperback)
Jean-Luc Bailly, Alvaro Cencini, Sergio Rossi
R1,355 Discovery Miles 13 550 Ships in 12 - 17 working days

Quantum Macroeconomics presents a new paradigm in macroeconomic analysis initiated by Bernard Schmitt. It explains the historical origin, the analytical contents, and the actual relevance of this new paradigm, with respect to current major economic issues at national and international level. These issues concern both advanced and emerging market economies, referring to inflation, unemployment, financial instability, and economic crises. In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics. The second part explores its relevance with respect to the current major economic issues such as the sovereign debt crisis and European monetary union. The volume also features two previously unpublished papers by Bernard Schmitt. The main findings of this book concern the need to go beyond agents' behaviour to understand the structural origin of a variety of macroeconomic problems, notably, inflation, unemployment, financial instability, and economic crises. The originality that pervades all contributions is plain, when one considers the lack of any structural explanation of national and international economic disorders in the literature within the mainstream approach to economics. This edited volume is of great interest to those who study macroeconomics, monetary economics and money and banking.

Economic Behavior and Distributional Choice - Selected Writings of Harold M. Hochman (Hardcover): Harold M. Hochman Economic Behavior and Distributional Choice - Selected Writings of Harold M. Hochman (Hardcover)
Harold M. Hochman
R3,361 Discovery Miles 33 610 Ships in 12 - 17 working days

Economic Behavior and Distributional Choice brings together, for the first time, Harold M. Hochman's key papers on income redistribution and policy in one accessible volume.The introduction describes the genesis and development of a new direction in thinking, and the papers that follow cover the evolutions of an idea: the alliance between distribution policy and distributional preference as developed through public choice theory. This fine collection illustrates Harold M. Hochman's major contributions to the discussion of the relationship between distributional preference, income transfer policy and economic justice, including the concept of Pareto Optimal Distribution. These contributions have significantly advanced our understanding of the ways in which economic analysis can inform income distribution policy. This pathbreaking selection of writings, including a set of innovative papers on fiscal design, urban policy and addictive behavior, will be of great interest to academics, students and researchers concerned with macroeconomics and economic behavior.

Macroeconomic Institutions and Development (Hardcover): Bilin Neyapti Macroeconomic Institutions and Development (Hardcover)
Bilin Neyapti
R2,843 Discovery Miles 28 430 Ships in 12 - 17 working days

`Bilin Neyapti provides a framework for understanding some of the most important issues confronting the world's economy today. Viewing the government as a social planner charged with the task of delivering sustainable development as a public good, she examines features of global markets such as central bank independence, inflation targeting, monetary unions, and currency boards, in each case evaluating the capacity of the relevant institutions to deliver efficiency, equality, and stability over the long term. Neyapti's broad-ranging and ambitious book should be of value to anyone interested in the development and improvement of the institutions undergirding the world's financial system.' - Geoffrey P. Miller, New York University Law School, US `Poor nations have learned the hard way that there is no greater threat to their economic development than macroeconomic crises. Avoiding macro instability in turn depends on good monetary and fiscal institutions. This book by Bilin Neyapti - part textbook, part treatise - is a terrific synthesis of the relevant literature and an excellent addition to it.' - Dani Rodrik, Harvard University, US The fading explanatory power of earlier development theories in providing a satisfactory account of diverse developmental experiences has necessitated a new framework to understand economic development. Bilin Neyapti presents this new framework, known as New Development Economics (NDE), which combines new institutional economics with collective action theory to explain the dynamic interaction between institutions and economic development. Besides reviewing earlier development theories and the fundamental building blocks of NDE, the author uses the NDE framework to present theoretical underpinnings and panel evidence on the effectiveness of fiscal and monetary institutions. The book incorporates the essential elements of institutional theory and highlights the issues pertaining to the measurement of institutional characteristics and the empirical analyses involving such measurement. It provides the theoretical framework of and empirical evidence on fiscal institutions, covering budgetary rules and procedures as well as fiscal decentralization, and reviews the theoretical framework for monetary institutions such as central bank independence, currency boards, monetary unions and inflation targeting in addition to providing empirical evidence on their effectiveness. The role of bank regulation and supervision is also investigated. This path-breaking and original book will prove a fascinating read for a wide-ranging audience including academics, think tanks, international development agencies and policymakers within the fields of development, economics, heterodox economics and money, banking and finance.

Globalisation, Development and Transition - Conversations with Eminent Economists (Paperback): Brian Snowdon Globalisation, Development and Transition - Conversations with Eminent Economists (Paperback)
Brian Snowdon
R1,912 Discovery Miles 19 120 Ships in 12 - 17 working days

This unique book provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in the international economic development literature and scrutinises some of the most important debates in contemporary economics. Brian Snowdon examines the many controversies relating to long-run growth and development, problems of transitions from socialism to capitalism, international competitiveness and the impacts of globalisation. To shed light on these critical issues Brian Snowdon interviewed eleven leading economists who are featured in this book: Daron Acemoglu, Alberto Alesina, Padma Desai, William Easterly, Stanley Fischer, Janos Kornai, Michael Porter, Dani Rodrik, Jeffrey Sachs, Xavier Sala-i-Martin and Jeffrey Williamson. Globalisation, Development and Transition provides an all-encompassing guide to the contemporary literature on economic development and related fields, as well as an extensive and up-to-date list of references. It will be an essential resource for all scholars and students of economics, especially those with an interest in economic growth and development, economic history, trade and globalisation, and the economics of transition.

The Foreign Economic Policies of Singapore, South Korea and Taiwan (Hardcover): Christopher M Dent The Foreign Economic Policies of Singapore, South Korea and Taiwan (Hardcover)
Christopher M Dent
R3,748 Discovery Miles 37 480 Ships in 12 - 17 working days

Singapore, South Korea and Taiwan - East Asia's newly industrialised economies (the NIE-3) - experienced a profound development transformation over recent decades. Christopher Dent makes a comparative study of their foreign economic policies, highlighting how the NIE-3 have engaged with the international economic system in an increasingly dynamic way. The book develops a new macro-framework of foreign economic policy analysis that provides the structure for this study. The author argues that the 'development context' of the NIE-3's foreign economic policies is grounded in their common development statism and semi-peripheralisation. He further contends that it is the pursuit of economic security that primarily motivates their respective foreign economic policies. This new conceptualisation of economic security in the context of foreign economic policy will appeal to academics, researchers and students in wide range of disciplines including: Asian studies, international relations, international political economy, economics and politics.

Malaysian Economics and Politics in the New Century (Hardcover): Colin Barrow, Francis K. W. Loh Malaysian Economics and Politics in the New Century (Hardcover)
Colin Barrow, Francis K. W. Loh
R3,002 Discovery Miles 30 020 Ships in 12 - 17 working days

Malaysia is one of the fastest growing economies in the world today, and this book reflects current debates about the future directions of the national economy, polity and society in light of the late 1990s watershed period of financial crisis, the arrest of Anwar Ibrahim and the subsequent 1999 general election. Malaysian Economics and Politics in the New Century aims to answer questions about how the economy and society are organized, about how the benefits from economic development are distributed, about government's relations to major national institutions, and about the nature of the political process. With its focus firmly on Malaysia's future, this will be a volume of particular interest to scholars, academics, researchers, business leaders and policymakers involved in the Asian region, and Malaysia in particular.

Earth Economics - An Introduction to Demand Management, Long-Run Growth and Global Economic Governance (Paperback): Peter A.G.... Earth Economics - An Introduction to Demand Management, Long-Run Growth and Global Economic Governance (Paperback)
Peter A.G. van Bergeijk
R994 Discovery Miles 9 940 Ships in 12 - 17 working days

Taking stock of emerging planet data and analysing policies during the global crisis, Earth Economics provides a comprehensive and accessible introduction to basic macroeconomic concepts, methods and principles, and their application to real world data.Written principally for students seeking an introduction to macroeconomics, this book offers a completely new angle to policy, with a focus on the truly global level. Underpinned by empirical orientation of state-of-the-art data, it introduces earth economics as the study of the economy of our planet from the perspective of an autarkic system (a 'closed economy'), focussing on policymaking that improves global rather than national welfare. Key features include: - A discourse on issues fundamental to the understanding of macroeconomics. - An introduction to economists' tools and concepts. Non-economists will learn how to survive in a discussion with economists: where to ask questions, where to listen, where to skip and where to ignore. - Presentation of extensive and wide-ranging data in a consistent and comprehensive framework. - In-depth treatment of key concepts including: aggregates, autarky, closed economies, current accounts, earth economics, data, macroeconomics, microeconomics, development and global public goods. - Provision of a thorough, working understanding of the subject matter via exercises set throughout the book, including: questions on the text, calculations, formulating arguments and preparation, analysis and interpretation of data and figures. See the companion website - www dot eartheconomics dot info for updates and additional information. Contents: Preface 1. Introduction: It is the Only One We Have 2. Planet Accounts Part I: Short-term Fluctuations and Demand Management 3. Earth's Business Cycle 4. Why I = S and What That Means: The Building Blocks of Macroeconomic Analysis 5. Investment, the IS Curve, and Product Market Equilibrium 6. What About Government? 7. Money Matters! The LM Curve and Money Market Equilibrium 8. Eartheconomic Demand and Supply 9. Puzzling Disagreements Part II: Long Run 10. Long-Run Growth 11. Development and Change 12. Limits to Growth? Part III: Earth Governance and Global Public Goods 13. Global Public Goods 14. Global Peers: An Agenda References Index

Macroeconomics - A European Perspective (Paperback, 4th edition): Olivier Blanchard, Alessia Amighini, Francesco Giavazzi Macroeconomics - A European Perspective (Paperback, 4th edition)
Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
R2,286 Discovery Miles 22 860 Ships in 9 - 15 working days

Develop a unified view of the latest global macroeconomic events, connecting the short, medium, and long-run markets. Macroeconomics: A European Perspective, 4th edition by Blanchard, Amighini & Giavazzi, offers the European perspective based on the best-selling US text by leading author Olivier Blanchard, presenting an integrated, global view of macroeconomics, and showing the connections between goods markets, financial markets, and labour markets worldwide. An essential textbook for students studying Macroeconomics at an intermediate level, this is a book rooted in the real world: from the major economic crisis of the late 2000s to the profound economic effects caused by the COVID-19 pandemic, from monetary policy in the US to Brexit, the problems of the Euro area, and growth in China, this edition will help you make sense not only of current macroeconomic events but also those that may unfold in the future. Key features include: A new chapter 'The COVID economic crisis' examines the economic impact of the COVID-19 pandemic. A new appendix, 'What do macroeconomists do?', explores career options for those thinking about taking their Macroeconomics study further. Organised into two distinct parts: a core section focuses on short, medium, and long-run markets, and two extensions offer more in-depth coverage of the issues. Margin notes help re-create a student-teacher dialogue, further explaining more challenging concepts. Focus boxes discuss real macroeconomic events and facts from Europe, the United States, and around the world. With a series of features and digital resources to help you cement your learning, this is a must-have textbook on the European perspective reflecting all major contemporary changes in the field. Also available with MyLab (R) Economics MyLabis the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLabEconomics 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: 9781292360966 Macroeconomics: A European Perspective Paperback, 4th Edition plus MyLab Economics with Pearson eText. Package consists of: 9781292360898 Macroeconomics: A European Perspective Paperback, 4th Edition 9781292360935 Macroeconomics: A European Perspective Paperback, 4th Edition MyLab (R) Economics 9781292360973 Macroeconomics: A European Perspective Paperback, 4th Edition Pearson eText MyLab (R) Economics is not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Macroeconomic Methodology - A Post-Keynesian Perspective (Paperback): Jesper Jespersen Macroeconomic Methodology - A Post-Keynesian Perspective (Paperback)
Jesper Jespersen
R1,117 Discovery Miles 11 170 Ships in 12 - 17 working days

Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper macroeconomic analysis should be undertaken. Furthermore, it is convincingly argued that one of the lasting contributions of John Maynard Keynes was his emphasis on methodology; that macroeconomic consequences of uncertainty could not be analysed within the established general equilibrium framework. It is due to post-Keynesian economics supported by critical realism that the understanding of Keynes's methodology has been resurrected, which has eventually resulted in renewed debate on realistic macroeconomic policies to restore full employment without inflation. Macroeconomic Methodology is an inquiry into the question of how to conduct a proper scientific analysis of uncertainty within macroeconomics. It will be of great interest to scholars of the philosophy of social sciences and methodology, as well as post-Keynesian and heterodox economists.

Credit Default Swap Markets in the Global Economy - An Empirical Analysis (Hardcover): Go  Tamakoshi, Shigeyuki Hamori Credit Default Swap Markets in the Global Economy - An Empirical Analysis (Hardcover)
Go Tamakoshi, Shigeyuki Hamori
R3,905 Discovery Miles 39 050 Ships in 12 - 17 working days

This book provides a comprehensive overview for various segments of the global credit default swap (CDS) markets, touching upon how they were affected by the recent financial turmoil. The book uses empirical analysis on credit default swap markets, applying advanced econometric methodologies to the time series data. It covers not only well-studied sovereign credit default swap markets but also sector credit default swap indices (i.e., CDS index for the banking sector) and corporate credit default swap indices (i.e., Markit iTraxx Japan CDS index), which have not been fully examined by the previous literature. The book also investigates causality and co-movement among several credit default swap markets, or between CDS and other financial markets.

Korea's New Economic Strategy in the Globalization Era (Hardcover, illustrated edition): O.Y. Kwon, Sung-Hee Jwa,... Korea's New Economic Strategy in the Globalization Era (Hardcover, illustrated edition)
O.Y. Kwon, Sung-Hee Jwa, Kyung-Tae Lee
R3,480 Discovery Miles 34 800 Ships in 12 - 17 working days

This book presents Korea's economic strategy to meet the emerging challenges, as it recovers from the 1997 financial crisis and moves on into the globalization and information era. For important policy areas, the authors evaluate existing policies, and offer proposals for new strategic direction that can achieve sustainable and equitable economic growth for Korea. A considerable majority of the contributing authors are involved in formulating economic strategy as policy advisors to the Korean government, and they bring to their chapters extensive experience and insights regarding Korean government policies that are rarely available to readers in such a comprehensive form. The book therefore offers a timely, practical, and unique analysis of all aspects of the Korean economy. Academics, policy practitioners, and others with interests in the Korean economy, Asian economies, development studies, and a broad sweep of other issues concerning structural reform will find in this volume a gold mine of detail and opinion.

The Chinese Path to Economic Dual Transformation (Hardcover): Li Yining The Chinese Path to Economic Dual Transformation (Hardcover)
Li Yining
R5,098 Discovery Miles 50 980 Ships in 12 - 17 working days

Economic transformation in traditional development economics refers to the transition from an agricultural society to an industrial one. Based on the practical conditions and the experience since reform and opening up in the late 1970s, the author observes that the path China's economy takes is a dual transformation, namely, developmental transformation from an agricultural society to an industrial economy, and institutional transformation from planned economy to market economy. Centering on property ownership reform which is the supreme reform of the dual transformation, this book discusses land ownership approval, stock-holding system reform and the maintaining ownership of private enterprises, etc. Besides, the book expounds on the urbanization in China, believing that it is not only the outcome of the dual transformation but also the booster that will help China's economy continue to develop at a high speed. Independent innovation and industrial upgrading which is the key to the enhancement of enterprises' competitiveness is also covered. The combination or overlapping of the two types of transformations in China has had no precedent in history, and it has not been discussed in traditional development economics. Scholars and students in China's economic studies and development economics studies will be attracted by this book. In addition, this book will be a valuable reference for other developing countries which are undergoing economic transformation.

Emerging Economies and the Global Financial System - Post-Keynesian Analysis (Paperback): Bruno Bonizzi, Annina Kaltenbrunner,... Emerging Economies and the Global Financial System - Post-Keynesian Analysis (Paperback)
Bruno Bonizzi, Annina Kaltenbrunner, Raquel A. Ramos
R1,166 Discovery Miles 11 660 Ships in 9 - 15 working days

This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making. The financial integration of emerging economies has been a remarkable development of the past two decades. The growth of cross-border transactions and asset ownership, not least through the accumulation of foreign exchange reserves, has put many of these countries in a more prominent, if still peripheral, position within the global financial system. This has not been a smooth process, as integration has been marked by cyclical waves of capital flows, with financial and currency instability often accompanying the acute phases of these cycles. While conventional economic theory traditionally sees financial integration as a positive development, Post-Keynesian economists, working in the tradition of Keynes, Minsky and Kalecki, have long taken a more sceptical viewpoint. By centring the analysis of financial dynamics on concepts as liquidity, uncertainty, balance-sheet structures and institutions, Post-Keynesian theory highlights the intrinsic character of shocks imposed by financial integration upon emerging economies, and their implications for economic growth and distribution. This book demonstrates that these analyses can be fruitfully used to gain a better understanding of financial (in)stability and economic development in emerging economies as they integrate into the global financial system. This work provides key reading for students and scholars of economics, political economy and finance that are interested in the financial integration of emerging economies, and how the heterodox tradition of Post-Keynesian economics contributes to its analysis.

Macroeconomic Systems (Paperback): Krish Bhaskar, David F. Murray Macroeconomic Systems (Paperback)
Krish Bhaskar, David F. Murray
R1,170 Discovery Miles 11 700 Ships in 12 - 17 working days

This volume, originally published in 1976, creates a basis from which the specialist topics of macroeconomics can be approached. The first section deals exclusively with a simple classical and Keynesian model within a single common framework to facilitate easy comparison. Although simple models, they provide a sound starting point for the more advanced ideas which make up the second part of the book. Recognizing tht one of the crucial purposes of macroeconomics is to provide advice for central government policy makers, the policy implications of the models are discussed.

Economic Catch-up and Technological Leapfrogging - The Path to Development and Macroeconomic Stability in Korea (Hardcover):... Economic Catch-up and Technological Leapfrogging - The Path to Development and Macroeconomic Stability in Korea (Hardcover)
Keun Lee
R3,839 Discovery Miles 38 390 Ships in 12 - 17 working days

'The Korean experience has fascinated scholars around the world as one of the most remarkable stories of ''catch-up'' from very low to high levels of development. This book, by one of the leading Korean experts on industrial policy, argues that catch-up is not about following the paths of frontrunners but rather about finding new path to technologically ''leap-frog''. The application of this fundamental insight into the Korean story will be recognized as a landmark in this debate.' - Jose Antonio Ocampo, Columbia University, US and Formerly United Nations Under-Secretary-General for Economic and Social Affairs, and Minister of Finance of Colombia 'This book gives a full picture of the factors that made it possible for South Korea to move from being a poor economy to become close to Japan in terms of income per capita. It shows that earlier debates on the role of respective market and state are misleading and that the key to understand economic catching-up lies in specific technological strategies that were outcomes of an interplay between state policies and firm strategies. It is demonstrated that a key to understand catching-up in South Korea is 'technological leap-frogging' where dominant firms enter into technologies that are both new and in a process of rapid change. The book studies the phenomenon of leap-frogging and catching-up at respectively macro, meso and micro-level. It is thus of great interest for those who are involved in designing national, sectoral and enterprise strategies aiming at economic development and especially when the aim of the strategy is to take the step beyond a middle-income country. The combination of macro-economic analysis with sectoral and enterprise perspectives gives a more adequate understanding of economic dynamics than what traditional textbooks can offer.' - Bengt-Ake Lundvall, Aalborg University, Denmark and Founder of Globelics This book elaborates upon the dynamic changes to Korean firms and the economy from the perspective of catch-up theory. The central premise of the book is that a latecomer's sustained catch-up is not possible by simply following the path of the forerunners but by creating a new path or 'leapfrogging'. In this sense, the idea of catch-up distinguishes itself from traditional views that focus on the role of the market or the state in development. The author provides a comprehensive account of the micro and macro level changes, deals with both firm- and country-level capabilities, and explores the issue of macroeconomic stability to overcome financial crisis. The book demonstrates that at the firm level the focus is on innovation capabilities, diversification, internationalization and job creation. It goes on to examine the rise and upgrading of big businesses, such as Samsung, as well as the global success of SMEs. Comprehensive and illuminating, this is an ideal book for students, academics and researchers interested in the economics of development and technological innovation. It will also be a valuable source book for policy makers in international development agencies, governments and the public sector.

Financialization and Macroeconomics - The Impact on Social Welfare in Advanced Economies (Paperback): Giovanni Scarano Financialization and Macroeconomics - The Impact on Social Welfare in Advanced Economies (Paperback)
Giovanni Scarano
R1,126 Discovery Miles 11 260 Ships in 9 - 15 working days

Financialisation has become a widely discussed and debated term leading to a plurality of perspectives, but no fixed definition or single reading. This book presents a critical exploration and review of the current literature on financialisation, focusing on the financialisation of NFCs and its possible implications for the macroeconomic and financial stability of advanced countries. Starting from this critical analysis, it proposes some new readings of the process of financialisation, linking it directly, on the one hand, to the evolution of interest-bearing capital and the credit system, and, on the other hand, to the historical tendencies of monopoly capital towards financial arrangements to manage corporate control. Finally, a conceptual scheme for interpretation and a mathematical model of corporate portfolio choice is developed to explain how the tendency in developed countries to place growing shares of social surplus in speculative financial channels can contribute to their long-term real stagnation. The book also underlines the excessive attention usually being paid to some micro-epiphenomena that show a fallacy of composition at the macroeconomic level and can lead to some misunderstandings of the general trends in capitalist evolution. Moreover, some doubts are raised about the extent to which financialisation actually represents a change to the present regime of accumulation. The book targets all the scholars who are interested in better understanding whether financialisation constitutes a profound change in the functioning of capitalist economic systems and what effects it can produce in social welfare in the advanced countries.

Deglobalization 2.0 - Trade and Openness During the Great Depression and the Great Recession (Hardcover): Peter A.G. van... Deglobalization 2.0 - Trade and Openness During the Great Depression and the Great Recession (Hardcover)
Peter A.G. van Bergeijk
R2,670 Discovery Miles 26 700 Ships in 12 - 17 working days

The rapid integration of global governments, businesses and capital has faced a dramatic and often hostile backlash in recent years. As populist agendas worldwide gain momentum, Deglobalization 2.0 explores the key drivers of reactionary movements. From the 'Make America Great Again' movement in the US, to Continental European populism, Peter van Bergeijk explains the critical catalysts of anti-globalization sentiment. Through a historical lens, this book draws out similarities and differences between contemporary developments and the economic crises of the 1930s, offering a unique understanding of the political and economic drivers of deglobalization. Focusing on wealth inequality, social uncertainty and international competition for economic supremacy, van Bergeijk examines and offers answers for the lacunae in the globalization debate. Provocative, insightful and accessible, this book confronts the deglobalization issue as a matter of real urgency and is thus vital reading for policy makers and managers working in international affairs and economic relations. It also offers guidance for academics in international economics and relations moving into the uncharted territory of deglobalization processes.

Growth Theory in Historical Perspective - Selected Essays of Theo van de Klundert (Hardcover): Theo C. M. J. Van De Klundert Growth Theory in Historical Perspective - Selected Essays of Theo van de Klundert (Hardcover)
Theo C. M. J. Van De Klundert; Edited by Sjak Smulders
R3,799 Discovery Miles 37 990 Ships in 12 - 17 working days

Growth Theory in Historical Perspective is a collection of thirteen carefully selected essays by Theo van de Klundert which demonstrate the development of growth theory over the past forty years. The sequence of chapters reveals the shifts in focus which have occurred since the first formal growth models of the 1940s and 1950s. He illustrates how the Keynesian paradigm was replaced by neo-classical models, which in turn have been superseded by theories of endogenous technical progress, the focus of growth theory in the 1990s. The author explains how the theory of economic growth is strongly shaped by ideas developed in the past. To this extent the book provides a comprehensive overview of the fundamentals of growth theory and develops important modern themes such as firm-specific research and development and the relationship between growth and international trade. Moreover, several of the chapters explore themes which, in the author's view, have been unfairly neglected in recent writings on the theory of growth. These include the role of demand factors, vintage models and issues of distribution, which he believes can still contribute to the current thinking on growth theory. By balancing insights from old and new theories of economic growth, this comprehensive book should prove fascinating reading for students, researchers and scholars of growth theory.

Food Security and Social Protection for the Rural Poor in China (Hardcover): Ling Zhu Food Security and Social Protection for the Rural Poor in China (Hardcover)
Ling Zhu
R5,083 Discovery Miles 50 830 Ships in 12 - 17 working days

Economic growth and its relevant subjects have been given the first priority in the research agenda since China initiated economic reforms in 1978, while the topics of social protection and gender equality have been largely left at the periphery for a long period. This book is a collection of evidence-based studies conducted mainly in poor areas of rural China during the recent two decades. Based on individual interviews and sample data analyses, this book emphasizes the importance of cooperative organizations to poverty reduction, and puts forward that gender equality is closely related with sustainable development. In addition, it addresses the issues of food security and elimination of social exclusion - the key to bridging economic divide. It also studies social protection, including basic health protection system, nutrition and healthcare for children, old age security for landless farmers and rural migrant workers. By providing first-hand accounts of different vulnerable groups, such as the poor, women, migrant workers, ethnic minorities and small farmers, this book offers valuable insights into studies of contemporary Chinese society and economy.

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