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Books > Business & Economics > Economics > Macroeconomics > General

Globalisation, Development and Transition - Conversations with Eminent Economists (Hardcover, illustrated edition): Brian... Globalisation, Development and Transition - Conversations with Eminent Economists (Hardcover, illustrated edition)
Brian Snowdon
R5,002 Discovery Miles 50 020 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.

China's Climate Policy (Hardcover): Gang Chen China's Climate Policy (Hardcover)
Gang Chen
R4,199 Discovery Miles 41 990 Ships in 12 - 17 working days

To understand China s climate change policy is not easy, as the country itself is a paradox actor in global climate political economy: it used to take very suspicious stand on the scientific certainty of climate change, but recently it has become a signatory and firm supporter of the Kyoto Protocol; it stubbornly refuses to accept any emission cutting obligations, but has gradually taken the lead in developing renewable energies and carbon trading business; it accuses western countries of their hypocrisy and irresponsibility, but ironically maintains close cooperation with them on low-carbon projects; it fears climate mitigation commitments may hamper the economic growth, but meanwhile spends most lavishly on the research and development of clean energy and other green technologies.

This book, unlike other researches which explain China s climate policy from pure economics or politics/foreign policy perspectives, provides a panoramic view over China s climate-related regulations, laws and policies as well as various government and non-government actors involved in the climate politics. Through analyzing the political and socioeconomic factors that influence the world s largest carbon emitter s participation into the global collective actions against climate change, the book argues that as a vast continental state with a mix of authoritarian politics and a quasi-liberalised market economy, China s climate policy process is fragmented and self-defensive, seemingly having little room for significant compromises or changes; yet in response to the mounting international pressures and energy security concerns and attracted by lucrative carbon businesses and clean energy market, the regime shows some sort of better-than-expected flexibility and shrewdness in coping with the newly-emerged challenges. Its future climate actions, whether effective or not, are vital not only for the success of the global mitigation effort, but for China s own economic restructure and sustainable development.

The book is a unique research monograph on the evolving domestic and foreign policies taken by the Chinese government to tackle climate change challenges. It concludes that instead of being motivated by concern about its vulnerability to climate change, Chinese climate-related policies have been mainly driven by its intensive attention to energy security, business opportunities lying in emerging green industries and image consideration in the global climate politics.

The Soviet Middle East (Routledge Revivals) - A Model for Development? (Hardcover): Alec Nove, J.A. Newth The Soviet Middle East (Routledge Revivals) - A Model for Development? (Hardcover)
Alec Nove, J.A. Newth
R4,201 Discovery Miles 42 010 Ships in 12 - 17 working days

First published in 1967, The Soviet Middle East provides an analysis of the economic and political status of the national republics of Central Asia and Transcaucasia, which were, at the time of the book's initial publication, a part of the Soviet Union. The authors analyse their economic achievements, as well as their rapid progress in health and education, comparing their situation with that of their non-Soviet neighbours and indeed with the rest of the USSR. They seek to define the relevance of the Soviet planning system and Soviet ideology to the development of these countries, and also to contextualise their study in terms of the problems of other developing countries and the political stability of the Soviet Union as a multi-nation state. Written by two leading authorities on the Soviet Union, this reissue will be welcomed by students of Soviet and Middle-Eastern history, and by all those interested in the political, social and economic development of Communist republics.

Macroeconomic Theory and Economic Policy - Essays in Honour of Jean-Paul Fitoussi (Paperback): K. Vela Velupillai Macroeconomic Theory and Economic Policy - Essays in Honour of Jean-Paul Fitoussi (Paperback)
K. Vela Velupillai
R913 Discovery Miles 9 130 Ships in 12 - 17 working days

Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud.

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics - A False Paradigm (Hardcover): John Weeks The Irreconcilable Inconsistencies of Neoclassical Macroeconomics - A False Paradigm (Hardcover)
John Weeks
R4,368 Discovery Miles 43 680 Ships in 12 - 17 working days

In the course of this book it is argued that the loss of what is essentially "macro" in Keynes is the result of a preference for a form of equilibrium analysis that gives unqualified support to the ideology of free markets. In the case of Marx, his theory of exploitation and from this the stress on class struggle, led to an almost complete neglect of his contribution to the analysis of the aggregate demand and supply of commodities.

Reinterpreting The Keynesian Revolution (Hardcover): Robert Cord Reinterpreting The Keynesian Revolution (Hardcover)
Robert Cord
R4,202 Discovery Miles 42 020 Ships in 12 - 17 working days

Various explanations have been put forward as to why the Keynesian Revolution in economics in the 1930s and 1940s took place. Some of these point to the temporal relevance of John Maynard Keynes's The General Theory of Employment, Interest, and Money (1936), appearing, as it did, just a handful of years after the onset of the Great Depression, whilst others highlight the importance of more anecdotal evidence, such as Keynes's close relations with the Cambridge 'Circus', a group of able, young Cambridge economists who dissected and assisted Keynes in developing crucial ideas in the years leading up to the General Theory. However, no systematic effort has been made to bring together these and other factors to examine them from a sociology of science perspective. This book fills this gap by taking its cue from a well-established tradition of work from history of science studies devoted to identifying the intellectual, technical, institutional, psychological and financial factors which help to explain why certain research schools are successful and why others fail. This approach, it turns out, provides a coherent account of why the revolution in macroeconomics was 'Keynesian' and why, on a related note, Keynes was able to see off contemporary competitor theorists, notably Friedrich von Hayek and Michal Kalecki.

Macroeconomics and Markets in India - Good Luck or Good Policy? (Hardcover): Ashima Goyal Macroeconomics and Markets in India - Good Luck or Good Policy? (Hardcover)
Ashima Goyal
R3,618 Discovery Miles 36 180 Ships in 12 - 17 working days

India was one of the better performers after the global financial crisis, and has done well despite opening out in a period of great international volatility. This book asks if this was due to luck or to good management. How much did macroeconomic policy contribute and did it do as much as it could have, on a reform path that was not standard? Are there any lessons from the Indian experience for the rest of the world? Senior Indian policy economists, market participants, and researchers address these interesting and important questions. There are those who think financial reform has gone too fast - relaxations in foreign borrowing norms exposed firms to external shocks. Volatile capital flows impacted markets, although more liberalization of risk-sharing equity compared to debt flows, was effective in reducing domestic risk. But there are also those who think reform was too slow - choking financial development: many markets and instruments that could improve domestic financial intermediation and reduce risk were held back. Analysis suggests policy was able to find the correct timing, pace and combination of reforms and of caution, but improvement is always possible. Luck and inherent strengths of the economy helped absorb both policy mistakes and external shocks. This book was originally published as a special issue of Macroeconomics and Finance in Emerging Market Economies.

Maritime Economics - A Macroeconomic Approach (Hardcover): E. Karakitsos, L Varnavides Maritime Economics - A Macroeconomic Approach (Hardcover)
E. Karakitsos, L Varnavides
R4,062 Discovery Miles 40 620 Ships in 12 - 17 working days

This book analyses shipping markets and their interdependence. This ground-breaking text develops a new macroeconomic approach to maritime economics and provides the reader with a more comprehensive understanding of the way modern shipping markets function.

A Macroeconomic Regime for the 21st Century - Towards a New Economic Order (Hardcover): Christopher Taylor A Macroeconomic Regime for the 21st Century - Towards a New Economic Order (Hardcover)
Christopher Taylor
R5,243 Discovery Miles 52 430 Ships in 12 - 17 working days

The book aims to give non-economists a detailed understanding of how macroeconomic policy works in modern economies, and the issues it faces. The world has recently been through a huge economic crisis and thinking people everywhere have reason to wonder whether something is not seriously wrong with the policy regimes underlying these dramatic events in the major economies, and whether changes should be made. The author reviews the history of the successive regimes tried and found wanting in the second half of the last century and proposes a set of reforms designed to convert the flawed neo-liberal consensus of the 1990s into a durable regime for the present century.

Schuman Report on Europe - State of the Union 2012 (Paperback, 2nd ed. 2012): Foundation Schuman Schuman Report on Europe - State of the Union 2012 (Paperback, 2nd ed. 2012)
Foundation Schuman
R1,510 Discovery Miles 15 100 Ships in 10 - 15 working days

The Schuman 2012 Report on the State of the Union is both a reference and a tool. A reference: bringing together contributions from leading specialists, including an interview with Jean-Claude Trichet, former President of the European Central Bank. This Report proposes a novel analytical framework, so that everyone can form his/her opinion on a series of key questions:
The European Union and the Crisis: between doubts and necessity Facing the Economic and Financial Crisis: strategy for growth and employment
Europe and the New World (Im)balance A tool: with its thirty original colour maps it brings together essential information.

The summary of political Europe: analysis of European elections 2011, calendar of the elections in 2012, political and economic representation of women in Europe, normative production of the Union in 2011, European Opinion in 2011

Europe in Figures: a new series of statistics and maps, covering all major current issues (growth, purchasing power, economic policy, demography, immigration, energy, environment, globalization, European policies, ...). The key to understanding the European dynamic. Under the direction of T. Chopin and M. Foucher, the following people have contributed to this book: J-C. Trichet, J. P. Jouyet, M.Barnier, A. Lamassoure, C.Coelho, J. Bitterlich, J-P. Herteman, W. Martens, J-D. Giuliani, P.Hassner, C. de Boissieu, S.Hill, M.Lemoine, N.Gnesotto, L. Martinez, P. Joannin, S. de Corte, B.Aguilera-Barchet, C. Deloy, P-A. Molina, F. Lirzin, S. Paulo.

Reconstructing Keynesian Macroeconomics Volume 1 - Partial Perspectives (Hardcover): Carl Chiarella, Peter Flaschel, Willi... Reconstructing Keynesian Macroeconomics Volume 1 - Partial Perspectives (Hardcover)
Carl Chiarella, Peter Flaschel, Willi Semmler
R4,382 Discovery Miles 43 820 Ships in 12 - 17 working days

This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of Keynesianism. Professors Chiarella, Flaschel and Semmler investigate basic methodological issues, the pitfalls of the Rational Expectations School, important feedback channels in the tradition of Tobin's work, and theories of the wage-price spiral and the evidences for them. The book uses primarily partial approaches, the integration of which will be the subject of subsequent volumes. With its focus on Keynesian propagation mechanisms, the research in this book provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. Reconstructing Keynesian Macroeconomics should be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism.

State and Local Public Finance (Paperback, 5th edition): Ronald C. Fisher State and Local Public Finance (Paperback, 5th edition)
Ronald C. Fisher
R1,123 Discovery Miles 11 230 Ships in 9 - 15 working days

State and Local Public Finance provides a comprehensive and sophisticated analysis of state and local government public finance practices and issues, using the basic tools of economics. This fifth edition maintains its focus on key local services such as education, health care, and transportation and brings in new coverage of land use and housing, applications from behavioral economics, and more international comparisons. This textbook provides an examination and analysis of public finance practices and problems in a federal fiscal system, focusing on the fiscal behavior and policies of state and local governments. Modern economic theory is applied to examine the way key institutions are used to produce and finance services and to provide evaluation of alternative policies. This stalwart text will continue to be invaluable reading for those who study public finance, local government finance, urban economics, public policy, and public administration.

Problems of Economic Policy (Routledge Revivals) (Hardcover): Keith Hartley Problems of Economic Policy (Routledge Revivals) (Hardcover)
Keith Hartley
R4,358 Discovery Miles 43 580 Ships in 12 - 17 working days

First published in 1977, this is an applied economics text, in which the basic theory of any introductory economics couurse is applied to a whole range of UK macro- and micro-economic policy issues. The book is designed specifically for first and second year university students, with the aim of demonstrating the relevance of theory to policy, how theory can be applied to policy problems and, in the process, to improve their understanding of the theory itself.

The Evolutionary Analysis of Economic Policy (Paperback): Pavel Pelikan, Gerhard Wegner The Evolutionary Analysis of Economic Policy (Paperback)
Pavel Pelikan, Gerhard Wegner
R1,737 Discovery Miles 17 370 Ships in 12 - 17 working days

This important book analyses evolutionary approaches to economic policy. Its main purpose is to explore the policy implications of evolutionary economics, in particular of approaches inspired on the one hand by Schumpeter and revived by Nelson and Winter which deal with industrial evolution under constant institutions and, on the other hand, of approaches inspired by Hayek and North, which analyse the ways in which institutions themselves evolve. Hitherto evolutionary economists have paid little attention to policy issues, and the relatively few policy implications that they have produced are divergent. Whereas the Neo-Schumpeterian approach has often been used to support political interventions, the Hayekian viewpoint holds that economic policy detracts from economic performance. More systematic evolutionary analysis of economic policy is required if these one-sided findings are to be transcended. Furthermore, such analysis can be expected to develop a coherent theory of economic policy which will plug the gaps and rectify the errors (such as approval of socialist planning and Japanese industrial policies) of both neoclassical and alternative approaches to policy. Evolutionary economists and policy analysts will find this book of great interest, as will economists and students of economics who are interested in enlarging their views with excursions outside the standard curriculum.

British Macroeconomic Policy since 1940 (Routledge Revivals) (Hardcover): Jim Tomlinson British Macroeconomic Policy since 1940 (Routledge Revivals) (Hardcover)
Jim Tomlinson
R4,214 Discovery Miles 42 140 Ships in 12 - 17 working days

Originally published in1985, Jim Tomlinson charters the route of British macroeconomic policy in the post-war era. This book argues that the objectives of macroeconomic policy have not been constant; that the emphasis has shifted from one item to another over time; and that this uncertainty and inconsistency over objectives goes a long way to explaining why macroeconomics management has not been a startling success.

Routledge Handbook of South Asian Economics (Hardcover): Raghbendra Jha Routledge Handbook of South Asian Economics (Hardcover)
Raghbendra Jha
R6,280 Discovery Miles 62 800 Ships in 12 - 17 working days

The Routledge Handbook of South Asian Economics addresses the recent economic transformation in South Asia. Leading experts in the field look at the major economic achievements and challenges for the region and examine why economic development across the South Asia region has diverged so significantly since the early 1990s. Providing a cutting-edge review of the economies of South Asia, the Handbook analyzes key growth areas as well as key structural weaknesses and policy challenges facing these economies. Furthermore, it anticipates trends and suggests corrective measures for the South Asian economic region. Sections focus on issues of human development, such as inequality, poverty and quality of schooling, and monetary and fiscal issues, particularly in light of the ongoing global financial crisis. Further sections discuss issues relating to employment and infrastructure, and on the experience of the region with international trade and financial flows, and environmental challenges. Written by renowned and respected experts on South Asian economics, this Handbook will be an invaluable reference work for students and academics as well as policy makers interested in South Asian Studies, Economics and Development Studies.

The Economics of Public Spending - Debts, Deficits and Economic Performance (Hardcover): Hassan Bougrine The Economics of Public Spending - Debts, Deficits and Economic Performance (Hardcover)
Hassan Bougrine
R2,940 Discovery Miles 29 400 Ships in 12 - 17 working days

This book argues that in many jurisdictions free market advocates have resorted to public sector downsizing and privatization as a means of alleviating problems of unemployment and slow economic growth and that, as a consequence, the strategy of reducing public deficits, balancing budgets and achieving surpluses has become widely accepted as the only road to prosperity. The Economics of Public Spending shows in clear and simple terms that the strategy of public sector downsizing is based on a misleading conception of public finance. The book dispels several myths about public deficits and debts, offering alternative approaches to fiscal and monetary policies. The contributors argue convincingly and authoritatively that the public sector is crucial for economic growth, that budget deficits are required for improving the performance of the private sector and that there is a real need for an economic agenda based on public deficits and low stable real interest rates in order to achieve full employment with high wages, more generous social programmes and sustainable inflation. This fascinating and challenging book will be of great interest to policymakers in government, academic researchers as well as public finance experts and economists.

From Keynesianism to Monetarism (Routledge Revivals) - The evolution of UK macroeconometric models (Hardcover): Peter Kenway From Keynesianism to Monetarism (Routledge Revivals) - The evolution of UK macroeconometric models (Hardcover)
Peter Kenway
R3,496 R2,745 Discovery Miles 27 450 Save R751 (21%) Ships in 12 - 17 working days

Originally published in 1994, this book, divided into three parts, examines macroeconomic models in a non-technical way. Part I discusses the importance of macroeconomic modelling; Part II examines the rise and fall of Keynesian income-expenditure models; and part III evaluates the evidence and presents a critique of how we can learn from these models now and in the future.

Resistance to Change in the Soviet Economic System (Routledge Revivals) - A property rights approach (Hardcover): Jan Winiecki Resistance to Change in the Soviet Economic System (Routledge Revivals) - A property rights approach (Hardcover)
Jan Winiecki
R3,194 R2,525 Discovery Miles 25 250 Save R669 (21%) Ships in 12 - 17 working days

First published in 1991, this book uses a property rights perspective to analyse why there is such widespread resistance to change in the Soviet Economic System. Many within the ruling stratum benefit considerably from their positions, particularly in terms of access to goods and services. In an original conclusion Jan Winiecki argues that a cost-effective way of removing the resistance of the parasitic ruling stratum would be a system of compensatory payments.

The Aggregate Production Function and the Measurement of Technical Change - 'Not Even Wrong' (Paperback): Jesus... The Aggregate Production Function and the Measurement of Technical Change - 'Not Even Wrong' (Paperback)
Jesus Felipe, John S L McCombie
R1,191 Discovery Miles 11 910 Ships in 12 - 17 working days

'This is an extremely important and long-awaited book. The authors provide a cogent guide to all that is wrong with the theory and empirical applications of the discredited notion of an aggregate production function. Their critique has devastating implications for orthodox macroeconomics.' - Anwar Shaikh, New School for Social Research, US 'This is a very important book. Proofs that aggregate production functions do not exist have been around for more than 50 years. This casts doubt not only on macroeconomic theory but also on empirical work and policy. Yet, this has not deterred macro-economists. The authors show in great detail that the apparent 'fit' of such functions to value-based data is a tautology and not a proof that such aggregates exist. One hopes that the profession will finally take note.' - Franklin M. Fisher, Massachusetts Institute of Technology, US 'Felipe and McCombie have gathered all of the compelling arguments denying the existence of aggregate production functions and showing that econometric estimates based on these fail to measure what they purport to quantify: they are artefacts. Their critique, which ought to be read by any economist doing empirical work, is destructive of nearly all that is important to mainstream economics: NAIRU and potential output measures, measures of wage elasticities, of output elasticities and of total factor productivity growth.' - Marc Lavoie, University of Ottawa, Canada This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics. The authors explain why, despite the serious aggregation problems that surround it, aggregate production functions often give plausible statistical results. This is due to the use of constant-price value data, rather than the theoretically correct physical data, together with an underlying accounting identity that relates the data definitionally. It is in this sense that the aggregate production function is 'not even wrong': it is not a behavioral relationship capable of being statistically refuted. The book examines the history of the production function and shows how certain seminal works on neoclassical growth theory, labor demand functions and estimates of the mark-up, among others, suffer from this fundamental problem. The book represents a fundamental critique of the aggregate production function and will be of interest to all macroeconomists. Contents: Prologue: 'Not Even Wrong' Introduction 1. Some Problems with the Aggregate Production Function 2. The Aggregate Production Function: Behavioural Relationship or Accounting Identity? 3. Simulation Studies, the Aggregate Production Function and the Accounting Identity 4. 'Are There Laws of Production?' The Work of Cobb and Douglas and its Early Reception 5. Solow's Technical Change and the Aggregate Production Function', and the Accounting Identity 6. What does Total Factor Productivity Actually Measure? Further Observations on the Solow Model 7. Why Are Some Countries Richer than Others? A Sceptical View of Mankiw-Romer-Weil's Test of the Neoclassical Growth Model 8. Some Problems with the Neoclassical Dual-Sector Growth Model 9. Is Capital Special? The Role of the Growth of Capital and its Externality Effect in Economic Growth 10. Problems Posed by the Accounting Identity for the Estimation of the Degree of Market Power and the Mark-up 11. Are Estimates of Labour Demand Functions Mere Statistical Artefacts? 12. Why Have the Criticisms of the Aggregate Production Function Generally Been Ignored? On Further Misunderstandings and Misinterpretations of the Implications of the Accounting Identity References Index

Modern Principles of Macroeconomics (Paperback, 5th ed. 2021): Tyler Cowen, Alex Tabarrok Modern Principles of Macroeconomics (Paperback, 5th ed. 2021)
Tyler Cowen, Alex Tabarrok
R2,176 Discovery Miles 21 760 Ships in 12 - 17 working days

Modern Principles means modern content and modern delivery and Tyler Cowen and Alex Tabarrok deliver with a knack for revealing the 'invisible hand' of economics at work and a unique combination of vivid writing, up-to-date relevant examples and unparalleled online resources, perfect for your principles of economics course. Modern Principles of Macroeconomics places an emphasis on the power of incentives which underscores how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). These are brought to life via examples including a discussion of housing prices and the elasticity of supply, the declining labor force participation rate of young men, the platform economics of free goods like Facebook and Twitter, monetary policy in a pandemic and the politics and economics of trade in the Trump era. Modern Principles of Macroeconomics is supported by Achieve, our integrated, online learning system which allows you to engage every student with powerful multimedia resources, an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students. Key features include: 170+ Marginal Revolution University videos have been deeply integrated into the text and pedagogy, providing valuable tools for both instructors and students Animated pre-lecture tutorials reinforce in-class learning Access to an eBook for easy reading and searching LearningCurve adaptive quizzing offers practice questions and feedback - Step-by-Step graphs and Discovering data activities help students develop their economic thinking

Market Analysis for Real Estate (Paperback): Rena Mourouzi-Sivitanidou Market Analysis for Real Estate (Paperback)
Rena Mourouzi-Sivitanidou; Edited by Petros Sivitanides
R2,623 Discovery Miles 26 230 Ships in 12 - 17 working days

Market Analysis for Real Estate is a comprehensive introduction to how real estate markets work and the analytical tools and techniques that can be used to identify and interpret market signals. The markets for space and varied property assets, including residential, office, retail, and industrial, are presented, analyzed, and integrated into a complete understanding of the role of real estate markets within the workings of contemporary urban economies. Unlike other books on market analysis, the economic and financial theory in this book is rigorous and well integrated with the specifics of the real estate market. Furthermore, it is thoroughly explained as it assumes no previous coursework in economics or finance on the part of the reader. The theoretical discussion is backed up with numerous real estate case study examples and problems, which are presented throughout the text to assist both student and teacher. Including discussion questions, exercises, several web links, and online slides, this textbook is suitable for use on a variety of degree programs in real estate, finance, business, planning, and economics at undergraduate and MSc/MBA level. It is also a useful primer for professionals in these disciplines.

Capital, Time and Transitional Dynamics (Hardcover): Harald Hagemann, Roberto Scazzieri Capital, Time and Transitional Dynamics (Hardcover)
Harald Hagemann, Roberto Scazzieri
R4,219 Discovery Miles 42 190 Ships in 12 - 17 working days

In the words of Robert M. Solow traverse analysis "is the easiest part of skiing, but the hardest part of economics". The aim of this volume is to assess the state and scope of modern traverse analysis as it had been initiated by John Hicks in his pioneering contribution Capital and Time (1973). The analysis of an economy which originally had been in a growth equilibrium which was disturbed by technical progress is one of the most challenging problems in economics. This book takes Hicks' work as the point of departure for theoretical work on the macroeconomic theory of capital dynamics along transition non-steady state paths The original contributions in this volume explore the manifold theoretical roots of traverse analysis in classical and post-classical literature, its features as a specific method of economic dynamics, and its applications in a variety of fields from monetary economics to development and international economics. The essays thereby focus on the ways ahead from Capital and Time that have been suggested and actively pursued by a number of scholars in recent years. Its central theme is the role of capital structures as critical factors in determining the actual dynamics of any given economic system. This volume is inspired by the belief that this state of affairs is not a satisfactory one, and outlines a new agenda for capital theory. Contributors include Edwin Burmeister, Jean-Luc Gaffard and Heinz Kurz.

The Coming of Age of Information Technologies and the Path of Transformational Growth. - A long run perspective on the 2000s... The Coming of Age of Information Technologies and the Path of Transformational Growth. - A long run perspective on the 2000s recession (Hardcover)
Davide Gualerzi
R4,352 Discovery Miles 43 520 Ships in 12 - 17 working days

In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector.

The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.

A History of Macroeconomic Policy in the United States (Hardcover): John H. Wood A History of Macroeconomic Policy in the United States (Hardcover)
John H. Wood
R4,212 Discovery Miles 42 120 Ships in 12 - 17 working days

Keynes asked whether his ?visionary? ideas would overcome the interests opposed to change. However, an examination of the histories of monetary and fiscal policies suggests that this is a false distinction. The interests and ideas associated with government policies are seldom opposed. The suspicion that the latter more often follows than confronts the former is supported by the experiences documented in this book.

Professor Wood's new title examines the controlling influences that drive macroeconomic policies in the United States. The book addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the U.S., although it also examines macro-policies in other countries, particularly the UK. Professor Wood argues that economic policies in the United States have been relatively predictable and stable historically, through a detailed examination of conflicts over taxes and monetary policy such as the whiskey rebellion, Magna Carta, the Stamp Act, the Banks of the U.S., and the Federal Reserve. Issues covered also include property, economists? theories of stabilization, taxes, deficits, and monetary policy.

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