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Books > Business & Economics > Economics > Macroeconomics > General

Reinventing Functional Finance - Transformational Growth and Full Employment (Hardcover, illustrated edition): Edward J. Nell,... Reinventing Functional Finance - Transformational Growth and Full Employment (Hardcover, illustrated edition)
Edward J. Nell, Mathew Forstater
R2,601 Discovery Miles 26 010 Shipped within 7 - 12 working days

This ambitious book seeks both to revive and revise the idea of `functional finance'. Followers of this doctrine believe that government budgets should concentrate solely on their macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline. Reinventing Functional Finance examines the origins of this idea and then considers it in a modern context. The authors explore the concept of NAIRU and argue that modern economies can operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do not have the deleterious effects commonly ascribed to them; the belief that they do rests on a misunderstanding of modern money. In this context, they highlight the relevance of Abba Lerner's famous dictum, `money is a creature of the State'. The authors also debate the merits of various proposals for `Employer of Last Resort' programs, which combine automatic stabilizers with the buffer stock principle. The book boasts an array of eminent contributors which includes, amongst others, James Duesenberry, Robert Eisner, Robert Heilbroner, Richard Musgrave, Edward Nell and Randall Wray. Financial economists, politicians, policymakers and bankers will welcome this provocative and refreshing book which challenges established economic thinking.

Introduction to Post-Keynesian Economics (Paperback, 2nd Revised edition): Marc Lavoie Introduction to Post-Keynesian Economics (Paperback, 2nd Revised edition)
Marc Lavoie
R1,544 R1,369 Discovery Miles 13 690 Save R175 (11%) Shipped within 7 - 12 working days

This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economics is founded on realistic assumptions, such as interest targeting by central banks or constant average variable costs in manufacturing and services.

Japan'S Economic Recovery - Commercial Policy, Monetary Policy, and Corporate Governance (Hardcover, illustrated edition):... Japan'S Economic Recovery - Commercial Policy, Monetary Policy, and Corporate Governance (Hardcover, illustrated edition)
Robert M. Stern
R3,060 Discovery Miles 30 600 Shipped within 7 - 12 working days

The contributors to this book, from the US and Japan, explore the main issues involved in the international trade, foreign direct investment, and macro/financial relations of the United States and Japan and provide guidance to policymakers for measures to help overcome Japan's economic stagnation since the early 1990s. The book is divided into three parts. Part I contains an empirical analysis of trade diversion under the North American Free Trade Agreement (NAFTA), a theoretical analysis of time in determining the structure and effects of trade with an application to Japan, and an empirical analysis of Japan's changing import behavior. Part II is focused on foreign direct investment (FDI), trade, and the behavior and structure of Japanese firms. Part III deals with macro/financial issues of current interest and importance in Japan. The analytical focus of the chapters is intended to enhance the understanding of the issues addressed and to provide some guidance to policymakers in the design of measures that will improve economic efficiency and welfare and help to overcome the economic stagnation that Japan has experienced in the past decade or more. Economists, political scientists and policymakers will find the analysis provided in this volume invaluable in understanding the Japanese economy and economic relations between Japan and the United States.

The Coming of Age of Information Technologies and the Path of Transformational Growth - A long run perspective on the late... The Coming of Age of Information Technologies and the Path of Transformational Growth - A long run perspective on the late 2000s recession (Hardcover)
Davide Gualerzi
R2,538 Discovery Miles 25 380 Shipped within 7 - 12 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.

The Economics of Structural Change (Hardcover): Harald Hagemann, Michael A. Landesmann, Roberto Scazzieri The Economics of Structural Change (Hardcover)
Harald Hagemann, Michael A. Landesmann, Roberto Scazzieri
R17,543 Discovery Miles 175 430 Shipped within 7 - 12 working days

Structural change analysis has been a distinctive feature of economics since its formative period. This authoritative three-volume collection presents a comprehensive selection of the key contributions to the topic. The Economics of Structural Change shows the central role that compositional dynamics plays in the analysis of fluctuations, development, employment and economy-environment interactions. Volume I covers concepts and theories in the economics of structural change; Volume II includes specific contributions to structural theories of growth, cycles and technological change; Volume III focuses on specific areas in the empirics of structural change analysis. This important three-volume set will be indispensable to researchers and practitioners alike.

Malaysian Economics and Politics in the New Century (Hardcover): Colin Barlow, Francis K. W. Loh Malaysian Economics and Politics in the New Century (Hardcover)
Colin Barlow, Francis K. W. Loh
R2,069 Discovery Miles 20 690 Shipped within 7 - 12 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.

The Economics of Poverty and Inequality (Hardcover): F. A. Cowell The Economics of Poverty and Inequality (Hardcover)
F. A. Cowell
R12,262 Discovery Miles 122 620 Shipped within 7 - 12 working days

This major two-volume collection focuses on the economics of distributional equity and the way general criteria for comparisons of income-distribution can be used to inform the analysis of inequality and poverty. The issues addressed include: * the nature of general ranking rules for comparing economic states based on simple ethical principles; * the close relationship between the analysis of poverty and that of inequality or social welfare; * the structure and properties of inequality and poverty indices. In addition to covering theoretical and empirical questions, the development of the subject is set in historical context. The extensive new introduction by the editor explains the relationship between the various component topics. These insightful volumes will be an essential source of reference for students, researchers and practitioners.

The Nature of Economic Growth - An Alternative Framework for Understanding the Performance of Nations (Paperback, New edition):... The Nature of Economic Growth - An Alternative Framework for Understanding the Performance of Nations (Paperback, New edition)
A.P. Thirlwall
R470 Discovery Miles 4 700 Shipped within 7 - 12 working days

This concise book, by one of the leading scholars in development economics, has been developed from a series of lectures given to masters students and will serve as an excellent introduction to the principles of growth and development theory. The author presents conventional wisdom with a critical eye and charts development economics as it has evolved from Adam Smith to `new' or endogenous growth theory. Thirlwall is critical of the latter, and its predecessor neo-classical growth theory, and tries to put back demand as a driving force in growth theory. He argues that in an open developing economy one of the major constraints is the availability of foreign exchange to pay for imports, so that export growth which relaxes a balance of payments constraint on demand becomes a crucial determinant of overall growth performance. Demand creating its own supply in a growth context, rather than the pre-Keynesian view of supply creating its own demand, provides an alternative framework to the neo-classical one for understanding the differential growth performance of nations. This highly original book will be essential reading for all students and scholars of development and growth economics.

The International Handbook on Financial Reform (Hardcover, illustrated edition): Maximilian Hall The International Handbook on Financial Reform (Hardcover, illustrated edition)
Maximilian Hall
R3,284 Discovery Miles 32 840 Shipped within 7 - 12 working days

Under growing pressure from within and outside their economies, countries around the world have recently embarked upon wide-ranging programmes of financial reform. This major Handbook provides country studies of the latest developments in financial reform in a selection of both developed and developing countries from Western Europe, North America, South America, Asia and Australia, written by acknowledged experts in their fields. The outcome is an up-to-date, authoritative and comprehensive account of the current world-wide attempt to refashion the way in which the financial services industry (and especially the banking sector) is regulated and supervised. The contributors find that programmes of reform have embraced all or most of the following elements: * central bank reform * changes in the legal operating environment and market pressures for mergers * consolidation * demutualisation * supervisory reform * measures such as the introduction of explicit deposit insurance schemes. This comprehensive reference work contains a wealth of up-to-date knowledge, presented in an accessible manner and with a standardised format. It will be of interest to scholars of central banking and international banking reforms as well as policymakers, legislators, practitioners and organisations from the banking world.

Conversations on Growth, Stability and Trade - An Historical Perspective (Hardcover, illustrated edition): Brian Snowdon Conversations on Growth, Stability and Trade - An Historical Perspective (Hardcover, illustrated edition)
Brian Snowdon
R3,253 Discovery Miles 32 530 Shipped within 7 - 12 working days

This unique volume 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 macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the `Great Depression', the `Great Peacetime Inflation', the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz. Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.

The Economics of Budget Deficits (Hardcover): Charles K. Rowley, William F. Shughart II, Robert D. Tollison The Economics of Budget Deficits (Hardcover)
Charles K. Rowley, William F. Shughart II, Robert D. Tollison
R9,989 Discovery Miles 99 890 Shipped within 7 - 12 working days

The Economics of Budget Deficits provides a comprehensive overview of the scholarly literature exploring the causes and consequences of deficit spending and the public debt. Incorporating classical, Keynesian and public choice analyses of debt-financed public expenditures, the two volumes contain major theoretical and empirical contributions to the debate. They cover such critical fiscal policy issues as the history and measurement of budget deficits, the question of who bears the burden of the public debt, the use of deficits to solve problems of dynamic policy inconsistency and the relative effectiveness of fiscal rules and constitutional constraints as mechanisms for achieving budget balance. The editors provide an authoritative introduction to the two volumes and separate overviews of each of the seven parts. The Economics of Budget Deficits is an indispensable reference for all scholars and students interested in fiscal policy and for all policymakers.

Economic Performance in the Americas - The Role of the Service Sector in Brazil, Mexico and the USA (Hardcover, illustrated... Economic Performance in the Americas - The Role of the Service Sector in Brazil, Mexico and the USA (Hardcover, illustrated edition)
Nanno Mulder
R2,407 Discovery Miles 24 070 Shipped within 7 - 12 working days

Economic Performance in the Americas compares the economic performances of Brazil, Mexico and the USA over the past half century. As with most other high and middle-income countries their economies are service-sector orientated and have been for several decades. This book encompasses all sectors of the economy but focuses primarily on services, analysing both the main trends in the various service industries in Brazil and Mexico and the underlying forces shaping their huge expansion. The growth of services obscures large differences between the two Latin countries and the USA in terms of the types of services that gained importance and the driving growth forces. The author provides a fascinatingly unique and comprehensive overview of the long run development of the entire service sector in the countries discussed. Using new methods for international comparisons of output and productivity in services, Nanno Mulder examines the impact of the increased service sector orientation in the overall economy. Relative to the USA, the Brazilian and Mexican service sectors performed better than agriculture and to a lesser extent, industry. However, this positive contribution hides large discrepancies, with some service industries showing important productivity gains whereas others turned out stagnant. Scholars and analysts of macroeconomics, industrial economics and development economics will warmly welcome this book.

Strategic Multilateral Exchange - General Equilibrium with Imperfect Competition (Hardcover): Jean Jaskold Gabszewicz Strategic Multilateral Exchange - General Equilibrium with Imperfect Competition (Hardcover)
Jean Jaskold Gabszewicz
R1,998 Discovery Miles 19 980 Shipped within 7 - 12 working days

Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to the classical competitive paradigm in which agents are assumed to behave as price takers, here traders are allowed to consciously behave as strategic agents who aim to influence trade to their own advantage. This is usually done in oligopoly theory using a partial equilibrium approach while in this case a system of interrelated markets is considered. Primarily, the book discusses the game-theoretic concept of core and the relationship between core and the set of price allocations in economies embodying significant traders is explored. The author goes on to adopt a non-cooperative approach building on the concept of Nash equilibrium. Strategic Multilateral Exchange will be welcomed by academics, advanced research scholars and doctoral students with an interest in economic theory, microeconomic theory and general equilibrium. It will also appeal to mathematical economists with an orientation in mathematical economics and game theory.

Landmark Papers in Macroeconomics Selected by James Tobin (Hardcover, illustrated edition): James Tobin Landmark Papers in Macroeconomics Selected by James Tobin (Hardcover, illustrated edition)
James Tobin
R6,143 Discovery Miles 61 430 Shipped within 7 - 12 working days

James Tobin was America's most distinguished Keynesian economist, whose path-breaking theoretical work has demonstrated that Keynes's original theories can be adapted to deal with modern macroeconomic problems. This significant volume presents a selection of those papers which in Professor Tobin's opinion have made a significant contribution to the developments of Keynesian economics in the twentieth century.

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
R2,217 Discovery Miles 22 170 Shipped within 7 - 12 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.

Financial Liberalization and Intervention - A New Analysis of Credit Rationing (Hardcover): Santonu Basu Financial Liberalization and Intervention - A New Analysis of Credit Rationing (Hardcover)
Santonu Basu
R1,964 Discovery Miles 19 640 Shipped within 7 - 12 working days

This book seeks to provide a coherent explanation as to why the policies of financial liberalization and financial intervention have been unable to achieve the goal of improving the access of borrowers to the loan market, irrespective of size. This is one of the prime criteria for achieving efficiency in the operation of the loan market and its failure has resulted in increased uncertainty and financial fragility. Santonu Basu develops an original theory of credit rationing which provides a theoretical explanation as to why neither policy has worked. He introduces two new concepts, namely credit standard and credit risk, in order to explain why bankers ration credit to some, while quite willingly offer loans to others. He then uses these two concepts to show why the implementation of either policy involves forcing or inducing the banking sector to relax its credit standard requirements. This in turn increases credit risk to an unprecedented level, thereby engendering either financial crisis or financial fragility. The author employs empirical evidence from both India and South Korea to demonstrate how these scenarios can unfold. Financial Liberalization and Intervention provides a comprehensive analysis of the uncertainty that prevails in the operation of the loan market. It will be welcomed by scholars and students of economics, policymakers, banking regulators and the financial sector as a whole.

Financial Markets, Money and the Real World (Hardcover): Paul Davidson Financial Markets, Money and the Real World (Hardcover)
Paul Davidson
R2,216 Discovery Miles 22 160 Shipped within 7 - 12 working days

Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future will have real impacts on whole industries and national economic systems. The author highlights the central role that domestic and international financial markets play in determining the economic growth rate, unemployment rate and international payments position of capitalist economies. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid. He also proves that preventing liquidity problems from developing in national and international financial markets is the key element in fostering prosperity. Statistical evidence and theoretical analysis are combined to demonstrate why orthodox prescriptions for `liberalizing' labor, product, and capital markets are the wrong policies for promoting a civilized society in the 21st century. Professional economists, financial reporters, government policy makers, those working in international economic organizations such as the IMF, the World Bank and the WTO, and concerned citizens will all benefit greatly from reading this highly acclaimed book.

The Economies of Southeast Asia, Second Edition - Before and After the Crisis (Hardcover, 2nd Revised edition): Jose L Tongzon The Economies of Southeast Asia, Second Edition - Before and After the Crisis (Hardcover, 2nd Revised edition)
Jose L Tongzon
R2,361 Discovery Miles 23 610 Shipped within 7 - 12 working days

This updated and fully revised second edition provides a comprehensive examination of issues of paramount importance for Southeast Asian economies including: * the economic implications of the 1997 Asian crisis for both older and newer members of ASEAN * the role of government and FDI in ASEAN economic growth and development * trade patterns with the US, Japan and the EU and the economic implications of China's accession to the WTO for ASEAN countries * the environmental consequences of industrialisation and growth * the emergence of economic growth triangles and their contribution to ASEAN growth and regional cooperation * the prospects and challenges of ASEAN economic cooperation before and after the crisis * and the key challenges facing ASEAN member countries in the aftermath of the crisis. This is a timely and topical book. The Economies of Southeast Asia, Second Edition will continue to be a valuable and essential text for courses on Asian studies and economics, development economics and comparative economic systems in both the East and West.

The Economies of Southeast Asia, Second Edition - Before and After the Crisis (Paperback, 2nd Revised edition): Jose L Tongzon The Economies of Southeast Asia, Second Edition - Before and After the Crisis (Paperback, 2nd Revised edition)
Jose L Tongzon
R635 Discovery Miles 6 350 Shipped within 7 - 12 working days

This updated and fully revised second edition provides a comprehensive examination of issues of paramount importance for Southeast Asian economies including: * the economic implications of the 1997 Asian crisis for both older and newer members of ASEAN * the role of government and FDI in ASEAN economic growth and development * trade patterns with the US, Japan and the EU and the economic implications of China's accession to the WTO for ASEAN countries * the environmental consequences of industrialisation and growth * the emergence of economic growth triangles and their contribution to ASEAN growth and regional cooperation * the prospects and challenges of ASEAN economic cooperation before and after the crisis * and the key challenges facing ASEAN member countries in the aftermath of the crisis. This is a timely and topical book. The Economies of Southeast Asia, Second Edition will continue to be a valuable and essential text for courses on Asian studies and economics, development economics and comparative economic systems in both the East and West.

Essays in Economic Theory, Growth and Labor Markets - A Festschrift in Honor of E. Drandakis (Hardcover): George Bitros, Yannis... Essays in Economic Theory, Growth and Labor Markets - A Festschrift in Honor of E. Drandakis (Hardcover)
George Bitros, Yannis S. Katsoulacos
R2,431 Discovery Miles 24 310 Shipped within 7 - 12 working days

The distinguished contributors in this volume provide a variety of essays, which are written in honor of Emmanuel Drandakis. These essays fall into four uniform areas of economics: economic growth, general equilibrium, labor economics and game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic research. They provide fresh insights and approaches to the analysis of these issues, and thus open up wider avenues for our understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and endowment changes. These contributions, in conjunction with the realisation that the papers are written by some of the most distinguished economists in the respective areas, make the volume an attractive addition for all who are interested in the contemporary research and teaching of economics.

Competing Capitalisms: Institutions and Economies (Hardcover): Richard Whitley Competing Capitalisms: Institutions and Economies (Hardcover)
Richard Whitley
R9,866 Discovery Miles 98 660 Shipped within 7 - 12 working days

This authoritative collection brings together the leading contributions to the comparative study of forms of capitalism. An introductory essay presents the context in which these contributions developed, discusses the major issues raised by such comparative work, and suggests likely future developments. Topics include the major theoretical issues involved in analysing different kinds of market economies; the key frameworks for comparing systems of economic organisation, both historically and between societies; the analysis of the distinctive varieties of industrial capitalism that have developed in the Anglo-Saxon countries, Continental Europe and East Asia and studies of globalisation and the connections between types of market economies and varying forms of economic performance, particularly in terms of sectoral development and technical change. The collection will be an indispensable reference source and will improve access to important papers that may not be available in many libraries.

The Macroeconomics of East Asian Growth (Hardcover): Yanrui Wu The Macroeconomics of East Asian Growth (Hardcover)
Yanrui Wu
R1,993 Discovery Miles 19 930 Shipped within 7 - 12 working days

During the past few decades the economies of East and South East Asia have grown at a significant rate, resulting in a large proportion of the world's population being relieved from poverty in a relatively short space of time. This unprecedented phenomena underlines the importance of understanding the driving forces behind the growth `miracle' of East Asia. Yanrui Wu addresses some of the most critical macroeconomic issues associated with East Asian growth. Principally focusing on the most rapidly emerging economies in the region, the author covers a broad base of topics. Several determinants of growth are examined and in each case an analytical framework is applied to empirical data. Specific themes include: * economic openness and growth * stock market development * intra-industry trade * growth engines in Singapore * productivity growth in Taiwan * the Asian financial crisis. Employing both cross-country analyses and case studies of individual economies, this important new book substantially contributes to the many debates surrounding economic growth in East Asia. The author's concise yet absorbing style will appeal to economic researchers, lecturers and students of economics, as well as business economists and market analysts.

Combating Corruption in India (Hardcover): Arvind Verma, Ramesh Sharma Combating Corruption in India (Hardcover)
Arvind Verma, Ramesh Sharma
R1,891 R1,745 Discovery Miles 17 450 Save R146 (8%) Shipped within 7 - 12 working days

As corruption continues to be a persistent problem in India, concerned citizens believe empowered police agencies independent of political control are effective ways to deal with corrupt officials and politicians. What is corruption and how is it facilitated? What are the appropriate agencies to combat corruption professionally in India? Why are these not effective in deterring corrupt practices? Are the alternative solutions to tackle corruption successful? This book seeks to engage with these questions, discuss and analyze them, and conduct a thorough analysis of law, bureaucratic organizations, official data, case studies and comparative international institutions. It analyzes vast data to argue that a corrupt state only maintains the facade of rule of law but will not permit any inquiry beyond that of individual deviance. Using criminological perspectives, it presents a novel mechanism, the 'Doctrine of Good Housekeeping', for public officials to combat and prevent corruption within their own institutions.

Cross Shareholdings in Japan - A New Unified Perspective of the Economic System (Hardcover): Mitsuaki Okabe Cross Shareholdings in Japan - A New Unified Perspective of the Economic System (Hardcover)
Mitsuaki Okabe
R1,962 Discovery Miles 19 620 Shipped within 7 - 12 working days

This book focuses on one of the most important features of the contemporary Japanese economy; cross shareholding - or mutual shareholding - between corporations. The book analyses recent trends and the reasons behind these, and discusses the implications for the entire Japanese economic system and highlights relevant public policy. Mitsuaki Okabe proposes that the dissolution of cross shareholdings has weakened the importance of long-term transactional relationships as seen in the Keiretsu (the `main bank') practice and employment, and that as a result the character of the economy is now closer to that of the Anglo-American system. Cross Shareholdings in Japan is a timely book and will be of special interest to academics and researchers of economics, Asian studies and finance, as well as policymakers and those involved either directly or indirectly in the Japanese financial system.

A Post Keynesian Perspective on Twenty-First Century Economic Problems (Hardcover, illustrated edition): Paul Davidson A Post Keynesian Perspective on Twenty-First Century Economic Problems (Hardcover, illustrated edition)
Paul Davidson
R2,214 Discovery Miles 22 140 Shipped within 7 - 12 working days

This book explores key economic problems and new policies for the global economy of the 21st century. The contributors discuss to what extent past policy errors were due to the incompetence of policymakers, and highlight problems including: international payments imbalances and currency crises, volatile security markets, inflation, achieving full employment, income distribution and alleviating individuals and nations of poverty. In particular, topics explored include: * the development problem experienced by Brazil during the past two decades * the desire of most developing nations to achieve an export-led growth strategy * the constraint of balance-of-payments on Mexico's long-term economic growth * the relationship between group division and levels of economic development * decreasing economic growth in the United States * the consideration of effective demand, and structural and technological change * the relationship between unemployment and profitability. The book presents a challenging set of arguments, and illustrates the many problems faced by decision makers in their attempt at policy making in the new global economy. It will be of special interest to academic economists, central bankers, government policymakers and those involved in financial markets.

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