Universal basic income is a controversial policy which is causing a stir amongst academics, politicians, journalists and policy-makers all over the world. The idea of receiving 'money for nothing', with no strings attached, has for a long time appeared a crazy or radical proposal. But today, this policy is being put into practice. With more and more trials and experiments taking place in different countries, this book provides both the theory and context for making sense of different basic income approaches, examining how the policy can be best implemented. Unlike many other texts written on this topic, the book provides a balanced account of basic income, weighing up the pros and cons from a number of different positions. The book provides a theory chapter, enabling readers to grasp some of the complex philosophical ideas and concepts which underpin universal basic income, such as social justice, equality and freedom. It also provides an examples chapter, which examines both historical and contemporary basic income studies to have taken place from around the globe. The book also features chapters on the environment and the work of women, as well as an 'against' universal basic income chapter, which specifically draws on the criticisms of the policy. This volume is an essential resource for anyone who wishes to get to grips with universal basic income.

Over the last two decades, Routine Dynamics has emerged as an international research community that shares a particular approach to organizational phenomena. At the heart of this approach is an interest in examining the emergence, reproduction, replication and change of routines as recognizable patterns of actions. In contrast to other research communities interested in those phenomena, Routine Dynamics studies are informed by a distinctive set of theories (especially practice theory and related process-informed theories). This Handbook offers both an accessible introduction to core concepts and approaches in Routine Dynamics as well as a comprehensive and authoritative overview of research in different areas of Routine Dynamics. The chapters of this Handbook are structured around four core themes: 1) Theoretical resources for research on the dynamics of routines, 2) Methodological issues in studying the dynamics routines, 3) Themes in Routine Dynamics research and 4) Relation of Routine Dynamics to other communities of thought.

In recent years, the European Commission has attached increasing importance to the use of financial engineering instruments rather than traditional grant-based financing for the microcredit sector, considering these to be the most efficient option available. This book presents a study of capacity building and structural funds in public managing authorities for the microcredit sector. It presents two surveys to highlight the strengths and weaknesses of the managing authorities' capacity building. The first survey investigates the authorities' need for and interests in capacity building activities, assessing the areas in which capacity building support is needed, and explores the different types of support offered. The second survey analyses the results of the microcredit and microfinance programming activity, investigating its target groups and other operational features. It examines the key monitoring and reporting issues involved in this activity, before analysing the regulatory framework of the microcredit and microfinance sector. This book presents an in-depth analysis of structural funds and their management by policy-makers in the European convergence regions. It explores the interests of managing authorities, microcredit institutions, operators and other financial intermediaries involved in microcredit programming activities, and offers some core strategic and operational recommendations for the use of structural funds in the microcredit sector.

Focusing on the service economy, and designed especially for non-economics majors, this practical text establishes a new and enduring blend of topics for courses in consumer economics and consumerism. Consumer Economics develops useful perspectives and rules of thumb to guide decision making. As it introduces the fundamentals of markets, consumer choice, financial assessment, risk avoidance, etc., it presses students to appreciate the world of markets and to clarify their personal priorities for decision making in such a world.

Boxed sections throughout the text illustrate concepts and provide examples, and each chapter includes a summary, consumer workshop, questions for study, and suggested readings.

CONTENTS

I. Getting Started

1. Introduction -- 2. Consumers -- 3. The Marketplace 4. Negotiation -- 5. Household Accounts

II. Priorities and Choices

6. Routine Shopping -- 7. Buying Durables -- 8. Borrowing 9. Risk and Uncertainty -- 10. Saving and Investing 11. Gains from International Trade

III. Consumer Rights and Protections

12. A History of Consumer Protection

13. Today's Consumer Protection System

14. Economic Footings for Consumer Policy

IV. Momentous Decisions

15. Housing -- 16. Cars -- 17. College -- 18. Kids 19. The Green Way -- 20. Health Care 21. Retirement -- 22. Death: Planning and Perspective

V. Consumers and the National Economy

23. National Consumption Its Measurement and Determination

24. Consumption and National Prosperity

25. Consumers and Government Spending

This book, first published in 1971, reports on the first detailed study of pricing decisions ever made in the UK. Based on case studies, it shows precisely how thirteen pricing decisions were taken. In doing so, it reveals the objectives pursued by these firms and how conflicts between these objectives were resolved. The assessments of the pricing decisions show the strengths and weaknesses of the procedures used by the firms, and the relative importance of economic and organizational elements in such decisions.

Contents:
Part I. Gains from Regionalism and Multilateralism
1. Regional regionalism Wilfred J. Ethier
2. Multilateralism vs. regionalism: tariff co-operation and interregional transport costs Eric Bond
3. The 'gains' from preferential trade liberalization in the CGE models: where do they come from? Arvind Panagariya and Rupa Dutta-Gupta
4. The anatomy of multilateral trade policy reform Arja Turunen-Red and Alan Woodland
5. Regionalism and illegal immigration in North America: a theoretical analysis Helena Gaytan-Fregoso and Sajal Lahiri
Part II. Regionalism and Globalization for the Developing Countries
6. Regionalism for developing countries: assessing costs and benefits L. Alan Winters
7. Multilateral trade reform, regionalism and the developing countries David Greenaway and Chris Milner
8. Trading with the enemy: a case for liberalizing Pakistan-India trade Ijaz Nabi and Anjum Nasim
9. Foreign Direct investment and globalization V.N. Balasubramanyan and M.A. Salisu
Part III. Globalization and the Capital Markets
10. Financial liberalization and the globalization of financial services: two lessons from the East Asian experience Philip Arestis, Panicos Demetriades and Bassam Fattouh
Part IV. Globalization via Unilateral Actions
11. Unilateral liberalisation in an multilateral world Martin Richardson
Part V. Regionalism: Monetary, Fiscal, and Industrial Policy Co-ordination
12. Regional integration and the development of tax systems in the European Union Andreas Haufler
13. Regional approaches to cross-border competition policies P.J. Lloyd and Kerrin Vautier
14. Multiple steady states with unemployment and the exchange rate co-ordination Yoshiyasu Ono

This textbook provides a one-semester introduction to mathematical economics for first year graduate and senior undergraduate students. Intended to fill the gap between typical liberal arts curriculum and the rigorous mathematical modeling of graduate study in economics, this text provides a concise introduction to the mathematics needed for core microeconomics, macroeconomics, and econometrics courses. Chapters 1 through 5 builds students' skills in formal proof, axiomatic treatment of linear algebra, and elementary vector differentiation. Chapters 6 and 7 present the basic tools needed for microeconomic analysis. Chapter 8 provides a quick introduction to (or review of) probability theory. Chapter 9 introduces dynamic modeling, applicable in advanced macroeconomics courses. The materials assume prerequisites in undergraduate calculus and linear algebra. Each chapter includes in-text exercises and a solutions manual, making this text ideal for self-study.

This is the third volume in a new, definitive, six-volume edition of the works of Joseph Stiglitz, one of today's most distinguished and controversial economists. Stiglitz was awarded the Nobel Prize in Economics in 2001 for his work on asymmetric information and is widely acknowledged as one of the pioneers in the field of modern information economics and more generally for his contributions to microeconomics. Volume III contains a selection of Joseph E. Stiglitz's work on microeconomics. It questions well-established tenets, including many that are so fundamental they are almost taken for granted, covering basic concepts of risk and markets; the management of risk; the theory of the firm; the economics of organization; and theory of human behaviour. Stiglitz reflects on his work and the field more generally throughout the volume by including substantial original introductions to the Selected Works, the volume as a whole, and each part within the volume.

First published in 1943, this work contains five interconnected essays presenting the author's renowned additions to the business cycle theory. Written by one of the most distinguished economists of the 20th century, this work will be essential reading for students and scholars of the history of economic thought, monetary theory and macroeconomics.

Contents:
Part One: Causes and Correlates 1: The Twin Crises: The Causes of Banking and Balance of Payments Problems; 2: The Asian Financial Crisis: A Fait Accompli?; 3: Financial Crisis in the MIT Countries; 4: Japanese Banking Problems: Implications for Southeast Asia; Part Two: Cases and Caveats 5: Indonesia: The Long Road to Recovery; 6: The Malaysian Currency Crisis: Capital Flows Policy Responses and Macroeconomic Vulnerability; 7: Speculative Attack Theory and Currency Crisis in Korea; 8: Banking Crisis in Mexico; 9: Capital Flows and Economic Policy in Brazil; 10: The Yen that is too Strong: A Note on Japanese Crisis; 11: The Lessons from the Asian Financial Crisis; Part Three: Crisis Management and Reforms 12: The Asian Model, the Miracle, the Crisis and the Fund; 13:Financial Crises and Reforms: Towards an Assessment of the Emerging International Financial Architecture; 14: Sustainability, Vulnerability and Risk Management; 15: Should Capital Controls be Banished?

In developed countries, the food superstore or hypermarket has become the dominant mode of food distribution; and their success has transformed the retail sector. But each new store has changed the employment regime of the stores they replace. For retailers, labour is a major cost; with opening hours being extended, and consumer demand patterns changing, one solution has been the use of part-time labour. Extensive use of such labour characterises British food retailing for example whereas it is less common in France. This book examines the reasons for such differences, and the potential which management and employees have within the operation to manage working time to their benefit. This book makes use of a four country research programme, covering France, Germany, Great Britain and Japan. Investigations and interviews at store, company and individual level, paint a picture of working time in the sector and in each of the countries. The volume provides some explanations for national differences as well as the similarities; supply and demand issues, as well as societal and social backgrounds. Large format food retailing is a major force in each country, employing millions in many di

This concise and comprehensive introduction to economics offers readers at all levels a more realistic approach to understanding the elements of resource and product markets, including the role of business decisions; technological change; product differentiation; uncertainty; and the optimal location of activities. With the book's easy-to-use software package for computations, even non-economists will become strongly motivated and can gain a proficiency in economic analysis as well as in practical and professional decision-making skills. End-of-chapter problems, computer exercises, programming examples, and numerous diagrams further enhance the book's usefulness.

What do business organizations do? The results of business behaviour can be observed and experienced in the form of the goods that are produced. However what goes on within organizations is often hidden from the outside world. This reader enables the student to make sense of business behaviour by offering an understanding of what organizations do. The book is underpinned by a systems perspective and takes a process view of organizations. This enables it to demonstrate that any business is a number of interrelated business processes and that success is determined by the extent to which these activities add value whilst minimising cost. Specifically the book focuses on: activities through which the organization interacts with its customers including marketing and sales; how organizations process materials including purchasing and manufacturing; and forms of business organization, with a critical account of new paradigms including business process re-engineering. The book features articles by leading business gurus including Michael Porter, Philip Kotler and John Kay.

The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make choices, why we trade, and how we build institutions and social orders are all problems that can be explained in light of the costs we face. This volume explores, develops, and critiques the rich literature on costs, examining some of the many ways cost remains relevant in economic theory and practice. The book especially studies costs from the perspective of the Austrian or "causal-realist" approach to economics. The chapters integrate the history of economic thought with contemporary research, finding valuable crossroads between numerous traditions in economics. They examine the role of costs in theories of choice and opportunity costs; demand and income effects; production and distribution; risk and interest rates; uncertainty and production; monopsony; Post-Keynesianism; transaction costs; socialism and management; and social entrepreneurship. Together, these papers represent an update and restatement of a central element in the economic way of thinking. Each chapter reveals how the Austrian, causalrealist approach to costs can be used to solve an important problem or debate in economics. These chapters are not only useful for students learning these concepts for the first time: they are also valuable for researchers seeking to understand the unique Austrian perspective and those who want to apply it to new problems.

Examines consumer decision-making on products and services of variable quality at the level of retail markets. Addresses for the first time consumer-producer interaction at the level of the individual consumer; issues of quality, consumption experience, and willingness-to-pay, as exhibited by individual consumers; and how these issues affect the decision-making process.

Series Information:
Routledge Studies in the Modern World Economy

In this ambitious book Christian Petersen has taken a central topic in economic and social history and given it a new sweep and coherence. As the Lord's Prayer suggests, securing an adequate supply of bread was a matter of over-riding concern to everyone until very recently. Bread was always by far the largest single item in the budgets of the poor, but bread could be made from many grains - wheat, rye, barley etc. Christian Petersen describes how in the later eighteenth century the process of replacing other cereals by wheat in bread making was completed throughout Britain. He provides a continuous series of estimates of bread consumption per caput, of bread prices (and, consequently, used in conjunction with population data, of total national expenditure on bread), and of wheat output and net imports. The implications of the changes in techniques of milling and baking that occurred are analysed, and the organisation of the baking and retailing of bread is described. Bread was so central to the economy of individual households and to the national economy as a whole that this book represents a major contribution to the history of the British economy and of British society in the period 1770-1870.

Examines the fast growing role of internal and international tourism on local economic development in certain areas of China, and identifies the factors that determine the success or failure of tourism-oriented development.

Game theory explores situations in which agents interact strategically and provides a useful foundation for studying many traditional industrial organization topics. This approach has also enabled the emergence of new areas of enquiry including law and economics, networks, the digital economy, auctions, experimental game theory and many others. This second volume of the Handbook includes original contributions by experts in the field. It provides up-to-date surveys of the most relevant applications of game theory to industrial organization. The book covers both classical and industrial organization topics such as mergers in markets with homogeneous and differentiated goods, leniency and coordinated effects in cartels and mergers, static and dynamic contests, consumer search and product safety, strategic delegation, platforms and network effects, auctions, environmental and resource economics, intellectual property, healthcare, corruption, experimental industrial organization, and empirical models of research and development. Authoritative and engaging, this unique Handbook will be an indispensable resource for all serious academics, researchers and students of industrial economics and game theory. Contributors incude: S. Anderson, A. Barge-Gil, P. Belleflamme, J. Brandts, R. Burguet, L. Corchon, A. Daughety, N. Fabra, R. Fauli-Oller, J.-J. Ganuza, M.l. Gonzalez Maestre, A. Hernando-Veciana, M. Hoffmann, E. Huergo, M. Kopel, L. Lambertini, A. Lopez, M. Marini, C. Marvao, E. Maskin, J.G. Montalvo, L. Moreno, M. Motta, P. Olivella, M. Peitz, M. Pezzino, M. Polo, J. Potters, J. Reinganum, R. Renault, G. Rota Preziosi, J. Sandonis, M. Serena, G. Spagnolo

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.

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.

This volume is a history of economics - as it was interpreted, discussed and established as a discipline - in the 20th century. It highlights the pluralism of the discipline and brings together leading voices in the field who reflect on their lifelong work. The chapters draw on a host of traditions of economic thought, including pre-classical, classical, Marxian, neoclassical, Sraffian, post-Keynesian, Cantabrigian and institutionalist traditions in economics. Further, the volume also looks at the history of economics in India and its evolution as a discipline since the country's independence. This book will appeal to students, researchers and teachers of economics and intellectual history, as well as to the interested general reader.

England's economy between 1050 and 1550 mirrored that of much of continental Europe in its growing dependence upon trade over both short distances and long. The essays in this collection are the fruit of forty years of research into the complex and interrelated issues involved. Describing this change can be achieved in part through quantitative indices, such as the number and size of towns, markets and fairs, and the volume of monetary circulation. A full account also requires a discussion of widespread changes of work experience, customary practices and moral values as households became more dependent upon markets. In addition, the evidence of transformative commercial growth in the medieval period gives rise to numerous questions concerning its relationship to more modern times. Modern economic growth and modern capitalism have often been contrasted starkly with medieval economic stagnation and traditionalism, but recent research implies a more continuous process of economic development than that implied by these older stereotypes. Many of the items in this collection are also relevant to this more discursive aspect of medieval commercialisation.

The increasing capital flows in the emerging markets and developed countries have raised various concerns worldwide. One main concern is the impact of the sharp decline of capital flows - so-called sudden stops - on financial markets and the stability of banking systems and the economy. The sudden stops and banking crises have been identified as the two main features of most financial crises, including the recent Asian Financial Crisis and Global Financial Crisis. However, how capital flows and banking crises are connected still remains unanswered. Most current studies on capital flows are empirical work, which faces various challenges. The challenges include how data has been collected and measured in each country and how sensitive the results are to the data and the adopted methodologies. Moreover, the links between capital flows and banking systems have been neglected. This book helps provide some insight into the challenges faced by empirical studies and the lessons of the recent crises. The book develops theoretical analysis to deepen our understanding on how capital flows, banking systems and financial markets are linked with each other and provides constructive policy implications by overcoming the empirical challenges.