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.

The Reconstruction of Poland, 1914-23 is a significant reappraisal of the political, social and economic problems associated with the rebirth of an independent Polish state. The book spans a chronological period beginning in the First World War and culminates in the de jure recognition of the last of Poland's borders in 1923. This book provides essential background for the more recent attempt to rebuild Poland in the 1990s.

This text is part of a series of five volumes which offers a comprehensive overview of the regulation approach to capitalism and its crisis-tendencies. Edited by a major British contributor to the approach, the volumes contain not only key theoretical and empirical works from French regulationists but also representative work from other regulation schools and scholars. They also feature major critiques of the approach. Topics covered throughout the series include regulationist approaches to the labour process, accumulation regimes (especially Fordism and post-Fordism), modes of social regulation, forms of state intervention, and the crisis tendencies of capitalism. Contributions cover different periods and different countries as well as different sectors and the changing global economy as a whole. The set includes both pioneer works and theoretical innovations and also explores the links between regulationism and other approaches, such as institutionalism, radical geography, critical discourse analysis, and feminism. The contributors include M. Aglietta, R. Boyer, R. Brenner, J. Jenson and L. McDowell.

This text is part of a series of five volumes which offers a comprehensive overview of the regulation approach to capitalism and its crisis-tendencies. Edited by a major British contributor to the approach, the volumes contain not only key theoretical and empirical works from French regulationists but also representative work from other regulation schools and scholars. They also feature major critiques of the approach. Topics covered throughout the series include regulationist approaches to the labour process, accumulation regimes (especially Fordism and post-Fordism), modes of social regulation, forms of state intervention, and the crisis tendencies of capitalism. Contributions cover different periods and different countries as well as different sectors and the changing global economy as a whole. The set includes both pioneer works and theoretical innovations and also explores the links between regulationism and other approaches, such as institutionalism, radical geography, critical discourse analysis, and feminism. The contributors include M. Aglietta, R. Boyer, R. Brenner, J. Jenson and L. McDowell.

This text is part of a series of five volumes which offers a comprehensive overview of the regulation approach to capitalism and its crisis-tendencies. Edited by a major British contributor to the approach, the volumes contain not only key theoretical and empirical works from French regulationists but also representative work from other regulation schools and scholars. They also feature major critiques of the approach. Topics covered throughout the series include regulationist approaches to the labour process, accumulation regimes (especially Fordism and post-Fordism), modes of social regulation, forms of state intervention, and the crisis tendencies of capitalism. Contributions cover different periods and different countries as well as different sectors and the changing global economy as a whole. The set includes both pioneer works and theoretical innovations and also explores the links between regulationism and other approaches, such as institutionalism, radical geography, critical discourse analysis, and feminism. The contributors include M. Aglietta, R. Boyer, R. Brenner, J. Jenson and L. McDowell.

This book evaluates Bangladesh's impressive economic and social progress, more often referred to as a 'development surprise'. In doing so, the book examines the gap in existing explanations of Bangladesh's development and then offers an empirically informed analysis of a range of distinctive factors, policies, and actions that have individually and collectively contributed to the progress of Bangladesh. In an inclusive way, the book covers the developmental role, relation, and impact of poverty reduction, access to finance, progress in education and social empowerment, reduction in the climatic vulnerability, and evolving sectoral growth activities in the agriculture, garments, and light industries. It also takes into account the important role of the government and NGOs in the development process, identifies bottlenecks and challenges to Bangladesh's future development path and suggests measures to overcome them. By providing an inclusive narrative to theorize Bangladesh's development, which is still missing in the public discourse, this book posits that Bangladesh per se can offer a development model to other developing countries.

This book is conceived as a broad comparative study of ten countries whose political structure and dominant ideology justify the application of the label "Marxist State". However, while these countries are ruled by parties strongly influenced by Marxist ideology and vision, their acceptance of and adherence to the Soviet model of Communism is seen to vary considerably, as do their links to the Soviet Union. The levels of centralization and nationalization are also highly varied.;It treats the countries as units of analysis, whereby they are classified to test certain hypothesized relationships. It aims to stimulate a broader theoretical orientation in research and propose hypotheses for future research.; For the purpose of the study four types of second economy activities will be analyzed - first, the legal second economy inside the first economy (for example, legal semi-private contracts, enterprises and subsidiary shops with the state-owned firms); second, the illegal second economy inside the first economy (for example, illegal private production within state enterprises); third, the legal second economy parallel to the first economy (for example, licensed private economy, "barte

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

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

Less than 50 years after the publication of Marshall's "Principles" Cambridge once again set economics on a new path with the publication of Keynes' "General Theory". This book examines the developments in Cambridge monetary and trade cycle theory that were moving it forwards but were also sowing the seeds for the collapse of the Marshallian neo-classical framework.;The analysis shows how Cambridge economists such as Keynes, Robertson, Lavington and Hawtrey had built on the foundations of Marshall and Pigou to produce theories of adaptive behaviour under certainty which acknowledged that the invisible hand could fail in the short run. This established a conflict with the long-run theory of market clearing equilibrium which, though it could be ignored at first, had finally to be resolved.

"Really up-to-date...gives a fantastic overview of the financial crisis" Fabian Kreutzer, University of Applied Science Niederrhein, Germany "Extensive references to and content regarding crises. It's really amazing" Yioryos Georgios Makedonis, Queen Mary University of London Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this fifth edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today. This book presents macroeconomics as an applied science designed to improve our understanding of current and past policy issues. The unique mix of theory, analysis and policy issues takes students from macroeconomic basics to cutting-edge research topics Includes case studies addressing major policy issues in detail, supported by a wealth of economic data Moves beyond standard intermediate macroeconomics content by discussing liquidity traps, quantitative easing, price bubbles, multiple equilibria, self-fulfilling prophecy, ratings agencies, debt brakes and austerity Self quizzes, road map, glossary and other content also available for mobile devices Visit www.pearsoned.co.uk/gartner for a comprehensive companion website featuring interactive macroeconomic models equipped with guided exercises, state of the art data display and analysis, quizzes and more.

This book contains a unique collection of studies on key economic and social policy challenges faced by countries of the Southern and Eastern Mediterranean region in a short- and long-term perspective. Prepared within the EU funded FP7 project on "Prospective Analysis for the Mediterranean Region (MEDPRO)" conducted in 2010-2013 it takes account on recent political developments in the region (Arab Spring) and their potential consequences. It covers a broad spectrum of topics such as factors of economic growth, macroeconomic and fiscal stability, trade and investment, Euro-Mediterranean and intra-regional economic integration, private sector development and privatizations, infrastructure, tourism, agriculture, financial sector development, poverty and inequality, education, labor market and gender issues.

This book discusses mathematical models for various applications in economics, with a focus on non-linear dynamics. Based on the author's over 50 years of active work in the field, the book has been inspired by models from the period between 1920 and 1950. Following a brief introduction to economics for mathematicians and other modelers, it assembles a repository of useful specific functions for global dynamic modeling. Furthermore, twelve "research stubs" - outlined research agendas that have not yet been fully worked on - are suggested for further study and could even be expanded to entire research projects. The book is a valuable resource, particularly for young scientists who are skilled in mathematical and computational techniques and are looking for applications in economics.

In 1976, volume 116 of the Lecture Notes in Economics and Mathematical Systems appeared in the library of the University of Illinois. The title of the book, Input-Output Analysis and the Structure of Income Distribution was sufficiently intriguing to one of the present editors (Hewings) to command attention. Some years later, during the First World Congress of the Regional Science Association in Cambridge Massachusetts in 1980, Madden and Batey presented some of their work using their now familiar demographic-economic modeling system. Discussion ensued about the relationship between this system, Miyazawa's formulation and the social accounting matrices most closely associated with the work of Stone. During a year's residence at the University of Illinois, Batey was able to produce a valuable typology of multipliers that began the process of integrating these several modeling systems into a coherent package. Thereafter, a number of regional scientists have exploited the ideas and insights proposed by Miyazawa, especially the notion of the interrelational income multiplier and the ideas of internal and external multipliers.

This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.

The central argument of this study is that the segmented and oligopolistic financial and commodity markets, large income inequalities, and diverging accumulation behaviour of public and private sector agents are the structural and institutional features underlying the persistent macroeconomic imbalances. These factors also explain why, despite the similarity in initial economic structure and economic policies, the Philippines was systematically outperformed by many of its East Asian neighbours. Several quantitative techniques are applied including a Macroeconomic Social Accounting Framework and Computable General Equilibrium modelling. This provides an integrated and robust framework for policy analysis that is absent in other studies.

Written by two leading experts on multinational accounting and billion-dollar international investment funds, this book provides a framework for a global reform of the world monetary system, and defines a decidedly new approach to dealing with public debt mortgage, an issue that we can see in many countries in Europe and around the world. The authors put forward a proposal for transforming sterile financial masses, which are withdrawn from the real economy as they no longer bear interest, into wealth. To facilitate this return to the real economy, the authors propose that a significant share of public debt be converted into net equities in the world of business and goods production in order to find new profitable investment projects. The idea is bold, and the authors strive to demonstrate its technical feasibility. They are convinced that this approach can accompany and enhance a movement that has already begun, namely the implementation of vast national and international investment programs in major infrastructures and research projects in innovative sectors. This work builds on the authors’ two previous books, which focus on the monetary system. The first, published in 2010 and including a foreword by former French Finance Minister Christine Lagarde, analyzes the new virtual dimension of money. The second, published in 2014, puts forward an innovative proposal for a new financial regulation aimed at more stable economies. This third book is intended for professionals in the financial industry, including decision makers at banks, accounting and private equity firms, as well as policymakers at central banks and government institutions involved in the implementation of financial and monetary reforms.

This proceedings book showcases papers presented at the 2022 Rethinking Management and Economics in the (New) 20s conference in Leiria, Portugal. Rethinking Management and Economics in the (New) 20's is focused on the investigation of key challenges and perspectives of Management and Economics. The chapters in this book explore new avenues of research and cover theoretical, empirical, and experimental studies related to different themes in the global context of Management and Economics. This book contributes towards deepening our understanding of what the new problems associated with achieving the goals of management and Economics in the 2020s and present possible solutions to the problems. This book is ideal for economists, businesses, managers, accountants, practitioners, stakeholders, researchers, academicians, and students who are interested in the current issues and advancements in corporate governance and earnings management.

This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?

The economic analysis of tobacco consumption is a complex and challenging issue, which entails addressing many different questions: What is the economic burden of smoking and do smokers pay their way'?How do individuals perceive their own health risks?What is the effect of the addictive properties of nicotine on the behavior of a rational, utility-maximizing individual? What is the most effective way to discourage tobacco consumption? In this context, the assessment of the social burden of smoking using a cost-of-illness framework has played a central role since the beginning of the 1970s. Interest in this type of study has grown even more in the wake of the lawsuits brought by American states against the tobacco companies with the aim of recovering excessive medical costs resulting from smoking-related diseases. Economists argue that there is no need for government intervention on condition that smokers receive accurate information about the health hazards - including the risk of addiction - and that they bear all the costs of smoking themselves. Economists agree on this last point: smokers bear most if not all of the economic costs of tobacco consumption. Moreover, a better understanding of the determinants of smoking and of the public perception of the risks of smoking could help decision-makers to improve the design of tobacco control policies.The purpose of Valuing the Cost of Smoking is to review the various methods used to value the adverse health outcomes of smoking, from the standard human capital approach to the new preference-based methods with which intangibles can be assessed. This volume should also help understand better the behavior of smokers as well as the factors thatdetermine the demand for cigarettes. Finally, the volume contains a review of the scientific evidence regarding the effectiveness of taxes in reducing tobacco use.

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.

* ... release reputation bearers from the burden of being constantly mo- tored and reduce the likelihood of government or public supervision and control. * ... strengthen client trust, ease the recruitment and retention of capable employees and improve access to capital markets or attract investors. * ... legitimate positions of power and build up reserves of trust which - lowed companies and politicians - but also researchers and journalists - to put their issues on the public agenda, present them credibly and mould them in their own interests. But a fear of loss is not the only reason for the steadily increasing - portance of reputation in corporate management today (or more especially, in the minds of top management). Rather, the main reason is that corporate reputation has shifted from being an unquantifiable 'soft' factor to a me- urable indicator in the sense of management control. And it is a variable that is obviously relevant to a company's performance: recent studies by the European Centre for Reputation Studies and the Ludwig-Maximilians- Universitat of Munich compared the stock market performance of a port- lio of the top 25% of reputation leaders (based on regular reputation me- urements in the wider public) with that of the German DAX 30 stock m- ket index. The results show that a portfolio consisting of reputation leaders 1 outperformed the stock market index by up to 45% - and with less risk. Fig. 1. Performance of 'reputation portfolios' vs.

This is what we ve all been waiting for a book that demystifies the European community 's monetary union. Unlike other books, this one provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. The most important case in point is the Euro area, where policy targets are price stability and full employment. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.

E.V.K. FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviors, employment levels and income distribution. He suggests that a Keynesian approach is still relevant today when reformulated to reflect open economies, heterogeneous firms, poverty reduction objectives and volatile financial markets. The study concludes with clear recommendations as to how global capital markets might be reconstructed in order to better support economic development.

This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world's capital markets. Further, it explains how this wealth is managed. Under the current guidelines, only the assessed return on investment may be allotted to public budgets. This ensures that the wealth will benefit both current and future generations. The capital is gathered in the Sovereign Wealth Fund - or State Pension Fund Global (SPF-G) -, which is intended to maximize capital value without exceeding acceptable risks. The book offers new insights into the history and management of the fund, examines its successes,and discusses future challenges. Given its scope, it appeals to scholars of economics, finance and political science, and to anyone interested in the sustainable investment of natural resource-based revenues.