What does a nation owe its military veterans? Gratitude, esteem, land grants, medical care, pensions, higher education? Or is serving in the armed forces of one's country an obligation to be undertaken without any expectation of compensation? If veterans are to receive government aid, should a distinction be made between those who served in wartime or faced enemy fire and those who saw neither war nor combat? These questions have been answered in varying ways by the American people and their elected representatives since the Revolutionary War. Paid Patriotism? explores the genesis and growth of soldiers' pensions throughout the nineteenth century, the Bonus experiment after the First World War, the passage and consequences of the GI Bill of Rights, the growth of the nation's system of veterans' hospitals, the evolution of veterans' programs during the Cold War and Vietnam, the post-9/11 GI Bill, and contemporary scandals and reform efforts within the veterans' bureaucracy, from its promotion to a cabinet department to wrongdoing in the Veterans Health Administration. James T. Bennett examines the complex and politically charged history and heated present-day debate of what the late columnist William Safire called the "most sacred cow" in Washington: the veterans' bureaucracy. In the end, the United States and its citizens owe veterans a debt. But how has and how should that debt be honored-and at what cost?

What does a nation owe its military veterans? Gratitude, esteem, land grants, medical care, pensions, higher education? Or is serving in the armed forces of one's country an obligation to be undertaken without any expectation of compensation? If veterans are to receive government aid, should a distinction be made between those who served in wartime or faced enemy fire and those who saw neither war nor combat? These questions have been answered in varying ways by the American people and their elected representatives since the Revolutionary War. Paid Patriotism? explores the genesis and growth of soldiers' pensions throughout the nineteenth century, the Bonus experiment after the First World War, the passage and consequences of the GI Bill of Rights, the growth of the nation's system of veterans' hospitals, the evolution of veterans' programs during the Cold War and Vietnam, the post-9/11 GI Bill, and contemporary scandals and reform efforts within the veterans' bureaucracy, from its promotion to a cabinet department to wrongdoing in the Veterans Health Administration. James T. Bennett examines the complex and politically charged history and heated present-day debate of what the late columnist William Safire called the "most sacred cow" in Washington: the veterans' bureaucracy. In the end, the United States and its citizens owe veterans a debt. But how has and how should that debt be honored-and at what cost?

Micro-econometric analyses cover a wide range of new innovation 'input' and 'output' indicators. Among the robust findings about determinants of innovation is evidence on the importance of technological opportunity, of appropriability of innovation benefits, and of Schmooklerian demand-pull effects. As opposed to the evidence from standard R&D data, small firms appear more innovative and the impact of market power on innovation is, in the best case, modest.

With the ever rising demand for meat around the world, the production of meat has changed dramatically in the past few decades. What has brought about the increasing popularity and attendant normalization of factory farms across many parts of the world? What are some of the ways to resist such broad convergences in meat production and how successful are they? This book locates the answers to these questions at the intersection between the culture, science and political economy of meat production and consumption. It details how and why techniques of production have spread across the world, albeit in a spatially uneven way. It argues that the modern meat production and consumption sphere is the outcome of a complex matrix of cultural politics, economics and technological faith. Drawing from examples across the world (including America, Europe and Asia), the tensions and repercussions of meat production and consumption are also analyzed. From a geographical perspective, food animals have been given considerably less attention compared to wild animals or pets. This book, framed conceptually by critical animal studies, governmentality and commodification, is a theoretically driven and empirically rich study that advances the study of food animals in geography as well as in the wider social sciences.

Free market capitalism has created a divided American society. Conservative economic and social policy thinking drove the Right's Project from 1980 to its collapse in 2008, leaving the world in ruins and fascism on the march. The Vision of a Real Free Market Society challenges the Left to create new forms of the market economy that promote efficiency and equality while permanently thwarting concentrated power. Many recent commentators have offered policy recommendations based on existing economic institutions. By contrast, this book calls for root-and-branch changes to the inherent structure of American capitalism. The Vision of a Real Free Market Society: Re-Imagining American Freedom presents a Left-egalitarian case for limited government that overcomes the failures of conservatism while rescuing economic justice from the weaknesses of tax and transfer liberalism. The book explains why the system fails so many Americans in so many different ways, and outlines how we can build a better economy that simultaneously promotes freedom and social justice while crippling the powers of America's oligarchs. Exploring the idea of a left-wing case for strong but small government, the book makes the case for fundamental reforms that will lead to a truly free and fair society. This provocative book will be of great relevance to anyone with an interest in politics, philosophy or economics, and will challenge readers to rethink their assumptions concerning the prospects for combining justice with fairness in the modern world.

Lee brings together the discourses of political economy and cultural studies in order to shed light on our social situations. Lee sees the commodity as the vital touchstone behind both analysis of the economy and culture.

Around the third millennium B.C. in the Fertile Crescent, a world-system with a single world-economy, covering very vast regions, began to form. Mesopotamia became the center of this world-system. This was possible due to the development of common commercial law and logical competence there. The expansion of the world-economy during the Silk Road period from the 4th century B.C. to the early 5th century A.D. across various countries of Eurasia was accompanied by the spread of logical competence, first formed in Mesopotamia, as a mechanism of legal hermeneutics to draw logical conclusions without fallacies. This competence was simultaneously comprehended in different cultures connected by the Great Silk Road - in ancient Greek logic (4th - 2nd centuries B.C.); ancient Chinese proto-logic (5th - 2nd centuries B.C.); Judaic logical hermeneutics (1st - 2nd centuries A.D.); and in Indian-Buddhist logic (2nd - 6th centuries A.D.). The book analyzes the emergence of logic and its spread and early forms of its reflection. Consequently, logical competence is seen not as an innate ability, but as a social practice first established in Mesopotamia. Logic as a science became possible only after the development of logical competence as an accepted social practice. On the other hand, this view is a non-Marxist assessment of the early form of the world-system, centered on international law and logical competence, which made the world-economy and international trade then possible.

Although land reform in Latin America has long been heralded by scholars and development economists, as well as by revolutionaries, as the essential ingredient for economic growth, the results of actual land reform projects have been largely disappointing. This book attempts to identify the reasons for these results by analyzing some of the microeconomic factors underlying the inadequate performance of reform sector agriculture. Basing her analysis on a detailed case study of agrarian reform in the Dominican Republic, Meyer deals specifically with the organizational structure of the reform project itself, evaluating the relative efficiency of associative, individual, and collective organizational structures.

Meyer begins by providing both a comprehensive survey of the issues surrounding agrarian reform projects in Latin America and an introduction to the history, land settlement patterns, and agriculture of the Dominican Republic. The following chapters detail the history and institutional structure of agrarian reform in the Dominican Republic, review the literature relevant to the study of reform sector projects, and offer case studies of particular reform projects. The author then develops original microeconomic models to explore the implications of the individual, collective, and associative organizational structures. Taken as a whole, Meyer's study provides both theoretical and empirical evidence to support the superior efficiency of the associative organizational structure over either the individual or collective farming approach in the Dominican Republic.

Economists advise that the law should seek efficiency. More recently, it has been suggested that common law systems are more conducive of economic growth than code-based civil law systems. This book argues that there is no theory to support such statements and provides evidence that rejects a 'one-size-fits-all' approach. Both common law and civil law systems are reviewed to debunk the relationship between the efficiency of the common law hypothesis and the alleged inferiority of codified law systems. Legal Origins and the Efficiency Dilemma has six aims: explaining the efficiency hypothesis of the common law since Posner's 1973 book; summarizing the legal origins theory in the context of economic growth; debunking their relationship; discussing the meaning of 'common law' and the problems with the efficiency hypothesis by comparing laws across English speaking jurisdictions; illustrating the shortcomings of the legal origins theory with a comparative law and economics analysis; and concluding there is no theory and evidence to support the economic superiority of common law systems. Based on previous pieces by the authors, this book expands their work by including new areas of analysis (such as trusts), detailing previous analysis (such as French law versus common law in the areas of contract, property and torts), and updating for recent developments in the academic discourse. This volume is of interest to academics and students who study microeconomics, comparative law and foundations of law, as well as legal policy analysts.

This new volume explores two alternative economic theories - the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a 'classical' approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa's position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.

This book brings together cutting edge contributions in the fields of international economics, micro theory, welfare economics and econometrics, with contributions from Donald R. Davis, Avinash K. Dixit, Tadashi Inoue, Ronald W. Jones, Dale W. Jorgenson, K. Rao Kadiyala, Murray C. Kemp, Kenneth M. Kletzer, Anne O. Krueger, Mukul Majumdar, Daniel McFadden, Lionel McKenzie, James R. Melvin, James C. Moore, Takashi Negishi, Yoshihiko Otani, Raymond Riezman, Paul A. Samuelson, Joaquim Silvestre and Marie Thursby.

The questions such as, 'why the focuses of national policies vary significantly across countries, although their sources of policies are to a great extent identical'; 'why national development experiences mostly cannot be transplanted successfully among countries'; 'why some ineffective institutions persist over long periods of time', have attracted numerous efforts. This book provides a new perspective and argues that the answers lie in the existence of the networks of institutions and thus of national systems of policies (NSP) within national frameworks. Institutions are the equilibria of games and exist as rules of games. Therefore, a basic setting is that institutions emerge endogenously from a series of social interactions, and the interacting human agents are connected and interdependent at the overlapping interaction platforms. National policies and developmental strategies can be modelled in this approach too. The networks of institutions describe the dynamic connected structure among institutions in the process of social interactions over time. Regarding the national policies response to the recent economic crises, this book argues that the difference comes from the distinct understandings of the tags of the policies, which highly depend on the distinct national contexts, such as national interests, cultural background, political systems and so forth. This book represents a significant contribution to the literature which will be essential reading for those interested in institutional economics, network theory, social structures and economic policy. In particular, the approach of applying network game theory in institutional emergence, and the terms developed, i.e. tags of institutions, and national systems of policies, in this book, are illuminating and deserve more attention.

The Middle East is at an unprecedented crossroads between the established Euro-centric system and the emerging Asian powerhouses like India and China. Their economies, policies and social structures are a half-way-house between these two dominant groups and are an important case study to examine in order to highlight future prospects and problems of the global system. The Middle East is an important missing piece in a huge global puzzle. This book makes a significant step towards understanding that puzzle and offers solutions for how to fully integrate this missing jigsaw piece into the global economic system. Analytical Peace Economics: The Illusion of War for Peace focuses on three critical issues in the Middle East that dominate discussions about their place in the global political economy: conflict, oil and (regional) development. Examining economic and social development in juxtaposition with conflict and peace, this book adapts, develops and applies historical, geographical, economic and psychological methods, creating a nuanced approach to the collective understanding of the economic and social dynamics in the region. By developing theoretical models and analysing empirical research, this book offers an economic analysis of the attempt to find peace through war and seeks to find alternative solutions. This book will be of interest to researchers, policy makers and doctoral students of economics, finance and social sciences as well as advanced undergraduate students of peace economics and development studies.

This book introduces special programs designed to enhance thinking and problem solving at the preschool, elementary, secondary, college, and graduate levels, as well as proven instructional methods to aid the elderly in retaining or regaining essential mental skills. The volume also considers difficult problems confronting psychology, including such disparate issues as the appropriate content of courses to develop thinking, resistance to the introduction of programs in schools and universities, and psychology's limitations on progress in these areas.

Managerial economics is the application of economic theory and quantitative methods (mathematics and statistics) to the managerial decision-making process. This book will appeal to students with limited prior training in economics and quantitative methods. It assumes that students will have had mathematics training at least through pre-calculus and that they have had a course in elementary statistics. It also expects students to have had an undergraduate course in intermediate microeconomics.
The book includes these features:
* An Online Instructor's Manual
* An Online Study Guide
* A problem-solving approach to the study of managerial economics that combines the features of a standard managerial economics textbook with those of a separate study guide.
* A method for helping business students develop the analytical skills necessary for success in the study of managerial economics, finance, and management.
* A more extensive review of mathematical techniques than most comparable textbooks.
* A separate chapter on game theory, including:
* Noncooperative, simultaneous-move, one- shot games
* Cooperative, simultaneous-move, infinitely- repeated games (including collusions, cheating rules, and determinants of collusive agreements)
* Cooperative, simultaneous-move, finitely- repeated games
* Focal-point equilibria
* Multistage games
* Bargaining with and without symmetric and asymmetric impatience
* A chapter on the time value of money and capital budgeting
* The accentuation of risk, uncertainty, and the economics of information throughout
Book Hooks:
* Practice oriented, avoiding complex theoretical explanations withcumbersome notation
* Problems are included in each section and are made integral to learning and understanding subjects
* Math review uses economic relationships instead of general notation
* Excellent balance among motivation, theory, and examples
* Clear exposition
Key Features:
Emphasizes utility and applicability, not innovation
Chapters conclude with:
* chapter review
* key terms and concepts
* chapter questions
* chapter exercises
* selected readings

Investment Banks, Hedge Funds, and Private Equity, Fourth Edition provides a real-world view of this fast-evolving field, reviewing and analyzing recent innovations and developments. This reference captures the actual work of bankers and professional investors, providing readers with templates for real transactions and insight on how investment banks, hedge funds, and private equity firms provide services to each other while creating opportunities for corporations and investors to raise capital, invest, hedge, finance, acquire, divest, and risk manage. For each type of institution, the business model, organizational structure, products, challenges, regulatory issues, and profit-making opportunities are explained. In addition, specific transactions are analyzed to make clear how advisory services, financings, investments, and trades produce profits or losses, and which types of risks are most commonly taken by each type of institution. Importantly, the linkage of investment banks, hedge funds, and private equity to corporations, governments, and individuals is described, enabling the reader to more clearly understand how these organizations impact them and how their products and services can be best utilized.

Examining the role of the public sector in small-business debt-capital formation, this book describes current approaches, conceptually and pragmatically, and evaluates their advantages and disadvantages from a variety of perspectives. It also suggests a model for improving our approach to small business capital formation in the United States. Financing small business creation and expansion has always been difficult. Private debt capital providers tend to avoid small business because the latter are preceived to be too risky. Yet because of the importance of small businesses to national economic growth, stability, and innovation, ensuring that these businesses can obtain and effectively use appropriate levels of debt capital is vital to national well-being. How, and to what extent, should the public sector intervene in the debt capital markets to ensure that sufficient capital flows to small businesses? This book is an attempt to answer that question.

In this pioneering study of the development of the Asian department store, economists, anthropologists and historians examine various aspects of retailing, business organization, networking and consumerism in the expanding economies of Asia.

The second edition of Behavioral Economics: The Basics summarizes behavioral economics, which uses insights from the social sciences, especially psychology, to explain real-world economic behavior. Behavioral economic insights are routinely used not only to understand the choices people make but also to influence them, whether the aim is to enable citizens to lead healthier and wealthier lives, or to turn browsers into buyers. Revised and updated throughout with fresh current-event examples, Behavioral Economics: The Basics provides a rigorous yet accessible overview of the field that attempts to uncover the psychological processes which mediate all the economic judgements and decisions we make. The book showcases how behavioral economics is rooted in some now-old (philosophical, political, and moral) ideas surrounding economics, and in an important sense is a modern expression of some long-standing criticisms of mainstream economics. It contrasts the neoclassical economic perspective (ECON) with a more realistic perspective (HUMAN – the flesh-and-blood economic agent who is not perfect in all respects but who manages to do the best under limitations and constraints). This is a comprehensive overview of the whole field, covering all the main areas, presented in a rigorous yet accessible form. It should especially appeal to students, those with an interest in applying behavioral economic knowledge in their professional life, and anyone who wants to know how they are being influenced every day of their lives by (usually unseen) behavioral insights.

This book brings together empirical evidences and theoretical perspectives to provide a comprehensive overview of the microfinance sector in India. The essays in the volume: focus on the application of information and communication technology (ICT) solutions in microfinance institutions to strengthen the savings movement and widen credit access to the poor and marginalized sections of society; present case studies on self-help group (SHG) movements, federations and SHG-Bank Linkage programmes; propose measures for strengthening regulatory and governance structures of the microfinance sector; and identify linkages between overall financial inclusion and the contribution of microfinance institutions (MFIs). The volume will be indispensable for scholars and researchers of microeconomics, South Asian economics and development economics as well as professionals and aspirants in the microfinance, rural banking and financial inclusion sectors.

First published in 1992, A Political Theory Primer is designed as an introductory course for students in the application of game theory to modeling political processes. Examining those very phenomena that power political machineries--elections, legislative and committee processes, and international conflict--the book attempts to answer fundamental questions about their nature and function. Included at the end of each chapter is a set of exercises designed to allow students to practice the construction and analysis of political models. Although the text assumes only training at the basic algebra level, the student who completes a course around this text will be equipped to read nearly all the professional literature that makes use of game-theoretic analysis. Each chapter also contains suggestiosn for further reading for those students who want to broaden their learning and expertise.

This book offers students an accessible and applied introduction to microeconomics in tourism and hospitality through a comprehensive analysis of the market mechanism, demand and supply, firm behavior and strategy, and transaction and institution. This book not only helps students to master core microeconomic theories that are essential for understanding the tourism and hospitality industry, but, more importantly, it guides students to analyze consumer behavior and firm strategy specific to the industry. Throughout the book, readers are guided to develop the economic analysis of tourism and hospitality that progresses from economic intuition to graphical representation and to mathematical quantification. Carefully corralled case studies showcase the applications of key microeconomic theories in solving a wide range of real-world problems, including Uber's surge pricing, Airbnb's supply adjustment, and McDonald's and Burger King vying for prime locations. This book is written in an accessible style, illustrated with exquisite diagrams, and enriched with a range of other features, such as chapter summaries, review questions, and further readings to aid readers' further understanding. By reading this book, students will be able to develop an economist's way of thinking, which will enable them to analyze tourism and hospitality businesses in a rigorous and critical manner. This book is essential reading for all tourism and hospitality students and teachers.

Huang examines a recurring pattern of rapid economic growth in East Asia from 1951 to the present and explores how far a single East Asian Growth model can be said to exist. Assessing the various theories put forward to explain the phenomenon and supported by the most comprehensive data, the book finds that methods of institutional enhancement were at the core of the growth. This institutional enhancement affected state structure and functions, economic policy, corporate arrangements, social structure and relations, individual behaviour, and domestic and international interaction. Each of these elements was a critical aspect of the growth system that defined and propelled the rapid growth.

This volume includes chapters by a number of leading researchers in the area of reading and spelling development. They review what is currently known about both normal and impaired development of decoding, comprehension, and spelling skills. They also consider recent work on the remediation of reading and spelling difficulties in children and discuss effective remedial strategies.

Decentralization in Infinite Horizon Economies brings together a collection of essays that attempt to explore one of the basic themes in microeconomics - can a decentralized economy attain an efficient or optimal allocation of resources when it is allowed to evolve without a predetermined terminal date? The failure of a price-guided competitive system to ensure efficiency/Pareto optimality with an infinite horizon was exposed by Malinvaud and Samuelson. Subsequent research, reported in this volume, achieved a deeper understanding of the problem, and obtained definitive results that are of interest in a much broader framework.