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Books > Business & Economics > Economics > Macroeconomics > General

Modeling the Economic Performance of Yugoslavia (Hardcover, New): James H Gapinski, Borislav Skegro, Thomas W. Zuehlke Modeling the Economic Performance of Yugoslavia (Hardcover, New)
James H Gapinski, Borislav Skegro, Thomas W. Zuehlke
R2,812 R2,546 Discovery Miles 25 460 Save R266 (9%) Ships in 10 - 15 working days

The culmination of work begun in 1985 by the authors under the joint sponsorship of the Ekonomski Institut Zagreb and Florida State University, this book posits the most comprehensive and relevant model yet developed to explain the workings of Yugoslavia's economy. The authors have developed a model that is both theoretically oriented and empirically relevant--ensuring its appropriateness for recommending and evaluating alternative policy remedies for the acute problems of inflation, unemployment, and foreign trade now facing Yugoslavia, a country until recently noted for its economic successes. Already chosen to represent Yugoslavia in the ongoing international Project LINK, a global system for tracking and forecasting the economic conditions of some eighty countries and regions, the model is distinguished by its policy emphasis and by its ability to capture the fundamental divisions of the Yugoslav economy. Students and scholars of socialism, Marxism, and comparative economics will find this a major contribution to the literature of economic modeling.

The book begins by providing essential background information about Yugoslavia including highlights of the country's economic experience, special features of its economic structure, the composition of its political system, the operation of its financial system, and the behavior of firms. Part two includes four chapters which examine the different components of the Yugoslav economy and review the theoretical basis and empirical performance of the equations which describe those components. A separate chapter presents the complete model, called the EIZFSU Mark 1.0 in recognition of its major sponsoring institutions. In the final part, the model is used to study policies for improving the performance of the economy and obstacles to their implementation. An appendix describes and quantifies the variables used in the model while a list of references provides additional information for the researcher who wishes to pursue further study in this area.

Yearning for Inclusive Growth and Development, Good Jobs and Sustainability (Hardcover, 1st ed. 2019): Luigi Paganetto Yearning for Inclusive Growth and Development, Good Jobs and Sustainability (Hardcover, 1st ed. 2019)
Luigi Paganetto
R4,025 Discovery Miles 40 250 Ships in 18 - 22 working days

This book addresses topics and issues of high relevance to the widely shared desire to promote inclusive growth, sustainability, and innovation within a context of global governance. It is based on the XXXth Villa Mondragone International Economic Seminar, where leading experts met to discuss the latest research and thinking on different aspects of globalization, trade, inequalities, growth imbalances, green technologies, the labor market, and financial systems. The aim is to stimulate new responses and possible solutions to a variety of well-recognized problems, including low growth in real wages, stagnating productivity, and growing disparities in income. Some of these problems are especially evident in Europe, where austerity policies have failed to deliver adequate growth and investment. However, while a number of the contributions focus on aspects of particular importance to Europe, others look further afield, for example to the scope for innovation in Africa and to experiences with quantitative easing in Japan. The book will be of wide interest to academics, researchers, policy makers, and practitioners.

Financial Integration - A Focus on the Mediterranean Region (Hardcover, 1st ed. 2013. Corr. 2nd printing 2013): Marga Peeters,... Financial Integration - A Focus on the Mediterranean Region (Hardcover, 1st ed. 2013. Corr. 2nd printing 2013)
Marga Peeters, Nidal Sabri, Wassim Shahin
R3,341 Discovery Miles 33 410 Ships in 10 - 15 working days

The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.

The Decline of the American Empire (Hardcover, New): James M. Hanson The Decline of the American Empire (Hardcover, New)
James M. Hanson
R2,795 R2,529 Discovery Miles 25 290 Save R266 (10%) Ships in 10 - 15 working days

With the cold war over and the Soviet empire dead, a new examination of American national policies and priorities is beginning. Most of the economic, political and military costs of the American empire, which exceed $1 trillion each year, are being questioned for the first time since World War II. Touted by George Washington as the infant empire, the United States expanded across the North American continent and at the turn of the twentiety century into the Pacific and Caribbean. At the end of World War II, it became the leader of the free world, a world empire of unprecedented power. However, by the 1980s, the strain of world leadership became apparent and signs of economic decline appeared, which is the inevitable fate of all empires. Jim Hanson undertakes this examination of imperial overstretch and decline and calls for a rechanneling of national energies into solving world-wide problems of war, environmental deterioration, and over-population. This historic-based and analytic critique of imperial America will interest scholars and students of American and world history, political and social science, economics, and foreign affairs.

Understanding DSGE Models (Hardcover): Understanding DSGE Models (Hardcover)
R1,896 Discovery Miles 18 960 Ships in 18 - 22 working days
Reminiscences of a Stock Operator (Hardcover): Edwin Lefevre Reminiscences of a Stock Operator (Hardcover)
Edwin Lefevre
R861 Discovery Miles 8 610 Ships in 10 - 15 working days
Germany's Balanced Development - The Real Wealth of a Nation (Hardcover): Kaevan Gazdar Germany's Balanced Development - The Real Wealth of a Nation (Hardcover)
Kaevan Gazdar
R2,803 R2,537 Discovery Miles 25 370 Save R266 (9%) Ships in 10 - 15 working days

What makes the German economy so resilient? This provocative book challenges the conventional wisdom as to what constitutes national wealth, arguing that it is long-term, balanced development rather than rapid growth and productivity that makes an economy successful. Interdisciplinary in approach, this is the first book in many years to take an organic view of the German economy, looking not only at the mix of business and economic policies but also at the sociocultural and psychological background to German economic development. Gazdar shows how Germany balances the priorities of wealth, welfare, and well-being, and describes Germany's uniquely resilient form of ecological sociocapitalism. He argues that the German way of running an economy gives the country a strong, long-term edge over the United States and Japan in the global competition for economic security.

Executives interested in strategic planning and international marketing, economists, cultural and business historians, and policymakers will find this insightful book invaluable toward understanding the unique model that Germany exemplifies. Gazdar claims that Germany's mastery of balance--between the private and public sectors, between the interests of employers and employees, and between economical and ecological priorities--will lead it to economic triumph. He also argues that unless the United States comes to a new consensus, one that encompasses social issues, vocational education, and the improvement of infrastructure, it will steadily lose ground to Germany.

Studies in International Macroeconomics (Hardcover): Jagdeep S. Bhandari Studies in International Macroeconomics (Hardcover)
Jagdeep S. Bhandari
R2,808 R2,542 Discovery Miles 25 420 Save R266 (9%) Ships in 10 - 15 working days

One of the most important developments in macroeconomics during the last decade has been the introduction of the rational expectations approach. Before the introduction of this method, economists relied on a variety of ad hoc mechanisms which often led to errors in their predictions. Studies in International Macroeconomics explains the ways in which the rational expectations method deals with uncertainty. It presents stochastic models and applies them to curent issues such as exchange rate determination, the effects of the rise and fall in oil prices, and the impact of wage indexing on the economy.

Volatility and Growth (Hardcover, New): Philippe Aghion, Abhijit Banerjee Volatility and Growth (Hardcover, New)
Philippe Aghion, Abhijit Banerjee
R1,735 Discovery Miles 17 350 Ships in 10 - 15 working days

It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. This book provides the first consistent attempt to analyze the effects of macroeconomic volatility on productivity growth, and also the reverse causality from growth to business cycles. The authors show that by looking at the economy through the lens of private entrepreneurs, who invest under credit constraints, one can go some way towards explaining persistent macroeconomic volatility and the effects of volatility on growth. Beginning with an analysis of the effects of volatility on growth, the authors argue that the lower the level of financial development in a country the more detrimental the effect of volatility on growth. This prediction is confirmed by cross-country panel regressions. The data also suggests that a fixed exchange rate regime or more countercyclical budgetary policies are growth-enhancing in countries with a lower level of financial development. The former reduce aggregate volatility whereas the latter reduce the negative effects of volatility on long-term productivity-enhancing investment by firms. The book concludes with an investigation into how the interplay between credit constraints and pecuniary externalities is sufficient to generate persistent business cycles and to explain the occurrence of currency crises.

The Impact of Globalization on International Finance and Accounting - 18th Annual Conference on Finance and Accounting (ACFA)... The Impact of Globalization on International Finance and Accounting - 18th Annual Conference on Finance and Accounting (ACFA) (Hardcover, 1st ed. 2018)
David Prochazka
R4,359 Discovery Miles 43 590 Ships in 18 - 22 working days

This proceedings volume analyzes the impact of globalization on international financial flow as well as harmonized financial reporting. Featuring contributions presented at the 18th Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.

Implementing the Cape Town Convention and the Domestic Laws on Secured Transactions (Hardcover, 1st ed. 2017): Souichirou Kozuka Implementing the Cape Town Convention and the Domestic Laws on Secured Transactions (Hardcover, 1st ed. 2017)
Souichirou Kozuka
R4,791 Discovery Miles 47 910 Ships in 10 - 15 working days

This book offers the analysis of the relationship between the Cape Town Convention and national laws on secured transactions. The first part of the book considers why national implementation is so important in the case of the Cape Town Convention and identifies how innovative the Convention is as a uniform law instrument. The second part includes chapters on those states that are Parties to the Cape Town Convention, which analyse how the Convention is implemented under the domestic law. The third part includes chapters on those states that are not Parties to the Convention, which compare their national laws and the Convention to find unique features of the Cape Town Convention's rules. The fourth part discusses the meaning of Protocols on aircraft, railway rolling stock and space assets from the practitioner's point of view. As a whole, the book offers insights into the new stage of uniform private law and shows the need for further examination of the subject, which will be essential for international and national legislators, academics of comparative and international private law as well as practitioners who are the users of the uniform law regime.

Economic Liberalization, Democratization and Civil Society in the Developing World (Hardcover): R. Bensabat-Kleinberg, J. Clark Economic Liberalization, Democratization and Civil Society in the Developing World (Hardcover)
R. Bensabat-Kleinberg, J. Clark
R2,675 Discovery Miles 26 750 Ships in 18 - 22 working days

This 12-country comparative volume examines the impact of economic structural adjustment programmes on grassroots civil associations and the implications for political liberalization and democratization in the developing countries of Latin America, Africa, Asia and the Middle East. The authors look at the impact of economic reform upon women's groups, human rights organizations, social welfare non-governmental organizations, unions and business associations. They challenge the assumption that economic reform will automatically lead to greater democratization.

Risk Management, Strategic Thinking and Leadership in the Financial Services Industry - A Proactive Approach to Strategic... Risk Management, Strategic Thinking and Leadership in the Financial Services Industry - A Proactive Approach to Strategic Thinking (Hardcover, 1st ed. 2017)
Hasan Dincer, UEmit Hacioglu
R4,804 Discovery Miles 48 040 Ships in 10 - 15 working days

This book presents a broad overview of risk management in the banking industry, with a special focus on strategic thinking and decision-making. It reveals the broader context behind decision models and approaches to risk management in the financial industry, linking the regulatory landscape for capital management and risk to strategic thinking, together with behavioral and cultural assessments.

A Not-so-dismal Science - A Broader View of Economies and Societies (Hardcover, New Ed): Mancur Olson, Satu Kahkoehnen A Not-so-dismal Science - A Broader View of Economies and Societies (Hardcover, New Ed)
Mancur Olson, Satu Kahkoehnen
R5,746 Discovery Miles 57 460 Ships in 10 - 15 working days

Modern economics is like a metropolitan area. Economists' ideas about business and markets are like the magnificent buildings of the city centre. Yet most growth and prosperity is in the suburbs - lately many of economics' greatest successes have been outside the traditional boundaries of the discipline. In the study of law, economic ideas have been the intellectual focus and "law and economics" has become a major field. In the study of politics, economists and political scientists using economics-type methods are uniquely influential. In sociology and history, economics has had a smaller but growing influence through "rational choice sociology" and "cliometrics". The influence of the economists type thinking in other social sciences is bringing about a theoretical integration of all the social sciences under one overarching paradigm. The chapters of the book illustrate the intellectual advances that account for this unified view of economies and societies.

Central Banking and Financial Stability in East Asia (Hardcover, 2015 ed.): Frank Roevekamp, Moritz Balz, Hanns Gunther Hilpert Central Banking and Financial Stability in East Asia (Hardcover, 2015 ed.)
Frank Roevekamp, Moritz Balz, Hanns Gunther Hilpert
R3,298 Discovery Miles 32 980 Ships in 10 - 15 working days

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.

Foreign Investment Strategies in Restructuring Economies - Learning from Corporate Experiences in Chile (Hardcover): John Kline Foreign Investment Strategies in Restructuring Economies - Learning from Corporate Experiences in Chile (Hardcover)
John Kline
R2,816 R2,550 Discovery Miles 25 500 Save R266 (9%) Ships in 10 - 15 working days

Restructuring economies in Latin America, Eastern Europe, and elsewhere are abandoning their hostility to foreign enterprises and adopting policies to attract international investment. This book examines corporate experiences in Chile, one of the first nations to move successfully from a statist economy to an open market system using privatization, debt conversion, and liberal trade and investment policies. Drawing from research on over seventy foreign corporations, the book compares investment strategies used to assess risk and exploit business opportunities under conditions of fundamental economic change. Case studies describe how and why firms selected different financing, management, employment, production, and marketing approaches in establishing or expanding their operations.

After a brief historical review, the book examines key policy decisions in the 1980s that shaped Chile's new economy. Case studies are then analyzed by sector, covering mining and energy, nontraditional exports (forestry, fishing, and agribusiness), banking and insurance, and other industries including computers, telecommunications, chemicals, electrical goods, automotive products, foods and beverages, and pharmaceuticals. Summary chapters relate these learning experiences to broader strategic issues such as ownership and control, financing methods, technology transfer, trade policy, labor relations, taxation, regulatory reform, and coordinating global corporate operations. This book presents cumulative learning experiences useful for business executives and public officials who must develop new foreign investment strategies, as well as scholars and students interested in the role of foreign investment in developing countries.

The Politics of Consumption - Material Culture and Citizenship in Europe and America (Hardcover): Martin Daunton, Matthew Hilton The Politics of Consumption - Material Culture and Citizenship in Europe and America (Hardcover)
Martin Daunton, Matthew Hilton
R4,640 Discovery Miles 46 400 Ships in 10 - 15 working days

Objects and commodities have frequently been studied to assess their position within consumer - or material - culture, but all too rarely have scholars examined the politics that lie behind that culture. This book fills the gap and explores the political and state structures that have shaped the consumer and the nature of his or her consumption. From medieval sumptuary laws to recent debates in governments about consumer protection, consumption has always been seen as a highly political act that must be regulated, directed or organized according to the political agendas of various groups. An internationally renowned group of experts looks at the emergence of the rational consuming individual in modern economic thought, the moral and ideological values consumers have attached to their relationships with commodities, and how the practices and theories of consumer citizenship have developed alongside and within the expanding state. How does consumer identity become available to people and how do they use it? How is consumption negotiated in a dictatorship? Are material politics about state politics, consumer politics, or the relationship between these and consumer practices?
From the specifics of the politics of consumption in the French Revolution - what was the status of rum? How complicated did a vinegar recipe have to be before the resultant product qualified as 'luxury'? - to the highly contentious twentieth-century debates over American political economy, this original book traces the relationships among political cultures, consumers and citizenship from the eighteenth century to the present.

Regulating and Supervising European Financial Markets - More Risks than Achievements (Hardcover, 1st ed. 2016): Mads Andenas,... Regulating and Supervising European Financial Markets - More Risks than Achievements (Hardcover, 1st ed. 2016)
Mads Andenas, Gudula Deipenbrock
R4,851 Discovery Miles 48 510 Ships in 10 - 15 working days

The book analyses the institutions of the European financial market supervision and the challenges of financial markets. The current European supervisory structure for financial markets represents a major development in European supervisory history. Its operation however has to be explored and analysed critically. Has it gone far enough to provide a sufficiently comprehensive and resilient system to reduce or mitigate systemic risks and handle financial crises? Some claim it has gone too far already. Fresh and rigorous critical legal and economic analysis from an independent scholarly perspective are needed to assess whether the institutional design of the European supervisory architecture has proved itself to be an efficient and effective model. This book discusses many dimensions of the structure and workings of the European system from various angles providing different dimensions. The book makes an important contribution to the limited literature on financial market supervision.

Strategic Pragmatism - Japanese Lessons in the Use of Economic Theory (Hardcover): Michele Schmiegelow, Henrik Schmiegelow Strategic Pragmatism - Japanese Lessons in the Use of Economic Theory (Hardcover)
Michele Schmiegelow, Henrik Schmiegelow
R2,803 R2,537 Discovery Miles 25 370 Save R266 (9%) Ships in 10 - 15 working days

This powerful study suggests that strategic pragmatism has enabled Japan to use Western theories and doctrines more comprehensively and thoroughly than the West. The authors contend that Japan's success depends, in part, upon three factors: the ability to recognize a need for action; the ability to respond to such a need even under less than optimal technological conditions, cutting across theoretical and ideological lines; and the ability to adjust or correct action as soon as failure is recognized. By comparing Japan's policies and structure to patterns prevailing in major Western countries, Japan's `secret' can be translated into concepts familiar to the West. This brilliant and provocative book…is a tour de force that argues that Japanese-type economic policies can be duplicated in other capitalist states and that it is a mistake to believe that such policies can only evolve in the unique environment of Japanese culture and society. Foreign Affairs Japan's rise to economic power has been the focus of much attention and speculation in the West. This powerful study suggests that strategic pragmatism has enabled Japan to use Western theories and doctrines more comprehensively and thoroughly than the West. The authors contend that Japan's success depends, in part, upon three factors. The first is the ability to recognize a need for action. Next, the Japanese are able to respond to such a need even under less than optimal technological conditions and can cut across theoretical and ideological lines. Finally, they are ready to adjust or correct action as soon as failure is recognized. Western countries should look at the global significance of Japan's economic performance and learn from their model of action. By comparing Japan's policies and structure to patterns prevailing in major Western countries, Japan's 'secret' can be translated into concepts familiar to the West. Economists, government officials, and business policy makers will find this new approach to Japan's success a worthwhile study. Strategic Pragmatism opens with an explanation for Japan's economic performance. The book then presents the interesting way in which Japan makes functional cuts across doctrines. There is a chapter addressing adaptation and how Western economic concepts are incorporated into Japanese policy. Goal attainment includes such topics as neo-classical infant industry protection and mercantilist aspects in the policy of industrial development. Pattern maintenance is followed by integration, and then the relation of structure and action. Finally the authors develop a model demonstrating how Japan derives a sense of direction from the nature of the changing problems to be solved--the heart of strategic pragmatism.

Ideas and Economic Policy in Latin America - Regional, National, and Organizational Case Studies (Hardcover, New): Anil Hira Ideas and Economic Policy in Latin America - Regional, National, and Organizational Case Studies (Hardcover, New)
Anil Hira
R2,800 R2,534 Discovery Miles 25 340 Save R266 (9%) Ships in 10 - 15 working days

How are the economic policies which developing countries adopt selected and how do they change? Who are the key players in economic development policies? Professor Anil Hira answers these questions head on by suggesting new ways of looking at how ideas affect economic policy. He first traces the way that ideas become wedded to interest groups over time, and he interprets the debate over economic development policy as a series of changes in idea-interest networks, often marked by crises. He then looks closely at economic idea entrepreneurs. Through concrete case studies of networks in Latin America, with a focus on Chilean economic policy, Hira explains not only how ideas are introduced, but which ones win out in the economic policy process and why. He introduces the concept of economic knowledge networks to understand groups of economists wedded to certain sets of ideas, such as neoliberalism or structuralism. Economic knowledge networks extend beyond Latin America and can be found in such diverse places as Indonesia and Egypt. Hira identifies the characteristics of these groups and shows how they create political action through their organizational activities and ideas. Hira not only sheds light on how ideas affect economic policy, but also provides an inside story on the groups responsible for the new economic revolution that is sweeping Latin America and transforming the regional economy. An important resource for scholars, students, and policy makers involved with international political economy, emerging economies, and Latin American studies.

The Theory of New Classical Macroeconomics - A Positive Critique (Hardcover, 2015 ed.): Peter Galbacs The Theory of New Classical Macroeconomics - A Positive Critique (Hardcover, 2015 ed.)
Peter Galbacs
R4,054 R3,501 Discovery Miles 35 010 Save R553 (14%) Ships in 10 - 15 working days

This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. The second dimension appears in a historical context, since none of the new classical doctrines can be analyzed ignoring the parallelism and discrepancies with the theory of Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought, but the doctrines got vulgarized and distorted thanks to the mass of followers. Nowadays, economic theory and policy, trying to find their ways, have a less clear relationship than ever. Therefore, this volume is aimed at mapping and reconsidering the policy instruments and transmission mechanisms offered by the new classicals. Its central question points to the real nature of new classical macroeconomics: what consequences are grounded by the assumptions new classicals used. Moreover, issues raised by automatic fiscal stabilizers and fiscal reforms are analyzed as well, even if they were out of the range of classical texts. The book draws a picture of new classical macroeconomics stressing the analogies with Keynesian countercyclical policies, instead of the discrepancies commonly held.

New Thinking in Macroeconomics - Social, Institutional, and Environmental Perspectives (Paperback): Jonathan M Harris, Neva R.... New Thinking in Macroeconomics - Social, Institutional, and Environmental Perspectives (Paperback)
Jonathan M Harris, Neva R. Goodwin
R1,233 Discovery Miles 12 330 Out of stock

Presenting new and innovative perspectives on macroeconomics at the national and international levels, the editors bring together contributions on a wide range of topics including: current issues of globalization; transitional economies; inequality; unemployment; national and international debt; and the relationship of macroeconomic policies to the environment. The contributors draw on expertise in a variety of areas to provide insight into debates on macroeconomic policy in the US and Europe, as well as in developing and transitional economies. Themes explored include: * disequilibrium in the macroeconomy: analysis of the roots of instability and crisis in national and global systems * the evolution of macroeconomic institutions to stabilize and guide economic growth * the paradoxes of globalization, the dangers of unrestricted financial flows, and the impacts of globalization on national institutional coherence * macro and institutional strategies for the transitional economies of Russia and Eastern Europe * distributional and equity issues, including employment, housing, and homelessness * the impact of macroeconomic policy and debt on the environment * long-term growth and its relationship to well-being and environmental sustainability. This collection is a valuable resource for researchers and students of macroeconomics, presenting numerous case studies and examples which bring to life some of the theoretical debates that will determine the future of macroeconomics. Policy professionals in a variety of fields including politics, political economy, and international relations will also find much of interest in this enlightening volume.

The Development of the Soviet Budgetary System (Hardcover, New edition): Robert W. Davies The Development of the Soviet Budgetary System (Hardcover, New edition)
Robert W. Davies
R2,817 R2,551 Discovery Miles 25 510 Save R266 (9%) Ships in 10 - 15 working days
Studies in Austrian Macroeconomics (Hardcover): Steven Horwitz Studies in Austrian Macroeconomics (Hardcover)
Steven Horwitz
R3,313 Discovery Miles 33 130 Ships in 10 - 15 working days

The US housing bubble and the ensuing financial crisis and recession, as well as the ongoing slow recovery, have prompted a renewal of interest in the business cycle theory associated with the Austrian school of economics. Over the last thirty years, Austrian economists have extended and refined that theory while also deploying Austrian insights in other areas of monetary theory and macroeconomics. In this volume, a number of macroeconomists influenced by the Austrian school demonstrate its explanatory power by applying those ideas to a variety of historical and contemporary issues. Several of the papers focus on the differences between the US and Canadian experiences during the early 21st century, while other contributors offer critical extensions of Austrian monetary and business cycle theory. The volume also includes empirical applications to the housing boom and bust, and several papers consider the place of Austrian macroeconomics within the school's approach to political economy and public policy more generally. "Studies in Austrian Macroeconomics" shows the breadth and depth of modern macroeconomics in the Austrian tradition.

The United States and Global Capital Shortages - The Problem and Possible Solutions (Hardcover): Sara Gordon The United States and Global Capital Shortages - The Problem and Possible Solutions (Hardcover)
Sara Gordon
R2,803 R2,537 Discovery Miles 25 370 Save R266 (9%) Ships in 10 - 15 working days

Gordon maintains that the United States must implement policy measures to reduce the large amounts of capital it is borrowing from the rest of the world--a problem she attributes, mainly, to low private savings rates and high federal budget deficits. She explains how the United States became a debtor nation, describes the changes in global capital markets that occurred in the 1980s, and analyzes the extent of global capital requirements, the drop in the U.S. savings rate, and the policy measures that could be taken to raise it. Unlike most discussions that focus on faulty international trade practices as a cause of U.S. deficits, Gordon places a large share of the responsibility on U.S. macroeconomic policies. Concise, readable, lucid, Gordon's book will be useful to professionals in banking and finance, and to academics and upper-level students of international business, finance, and economics.

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