In the second half of the twentieth century, 20 percent (10,000) of all retail druggists were Rexall druggists. Now there are none, and this book explains why! The Rexall Story: A History of Genius and Neglect shows how a brilliant and successful business/pharmacy venture was allowed to fail through carelessness and an inattention to the original formula of the company. From the celebrated genius of Louis Liggettwho started United Drug in 1903to the business's demise nearly 75 years later, this significant text will provide you with new insight into the pharmacy industry. With The Rexall Story, pharmacists, pharmacy and business educators, and historians alike can see how Louis Liggett single-handedly transformed the retail drug business using innovative business practices and policies. Author Mickey C. Smith, editor of the Journal of Research in Pharmaceutical Economics and principal author and editor of the seminal book Pharmaceutical Marketing: Principles, Environment and Practices, uses his expertise to explain how Louis Liggett's techniques were so successful in the industry. This book explores in detail his communication and merchandising skills, his principles in doing business, and his revolutionary techniques for keep his business prosperous. Using internal documents, photographs, and direct quotes from radio promotions, and the recollections of former Rexall employees, this book chronicles Rexall's story, including: the beginnings of Rexallits origins and expansion, International Rexall Clubs, and the unparalleled efforts of Liggett and his franchisees the Dear Pardner letters (1903-1923)unprecedented in Big Business even today, these were personal letters between Liggett and his people the Rexall familyconversations and correspondence with former Rexallites, capturing how the ret

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States. For one-semester courses in the principles of microeconomics. An introduction to the functioning of the economy and the power and breadth of economics Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Microeconomics, 13th Edition, Global Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way. MyLab Economics is not included. Students, if MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Economics should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. Reach every student by pairing this text with MyLab Economics MyLab (TM) is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

This collection of essays examines the development of the American South from the end of the Civil War to the end of World War II. Written by both well-known and emerging scholars, the essays are divided into sections that address some of the major issues of that era, such as race relations, economic development, political reform, the roles of southern women, the messages of folk music, and the problems of the region's historians. Each article offers fresh insights or new information on its subject, and collectively the articles help to illuminate how the most traditional of American regions tried to cope with the forces of modernization.

Trading across borders, export intermediaries are specialized service firms that connect domestic manufacturers with overseas buyers. How do they do it? What determines their success or failure? Have they really lowered transaction costs for their clients, minimized agency costs, and possessed competitive resources and capabilities in world trade? Surprisingly, no study until now has answered these questions or has explored the underlying issues as thoroughly as Peng does here.

Peng develops an integrated model of export intermediary performance. He focuses on the nature of export transactions and manufacturer-intermediary relationships which may lead to agency problems, and underlines the importance of valuable, unique, and hard-to-imitate resources and capabilities for intermediaries' competitive advantages. Peng employs a distinct analytical approach that highlights three underlying themes--transactions, agents, and resources--then tests his model with six critical case studies and a 1,000-firm mail survey. Operators of export intermediaries seeking ways to improve their performance, aspiring entrepreneurs studying the export business for niche opportunities, manufacturing executives seeking top quality service from export intermediaries, and government officials in charge of export promotion and pertinent legislation--all will find Peng's book a useful examination of issues critical to their work.

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.

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 tells the story of what might have been considered an unlikely source of dynamic change in Russia - formerly state-owned manufacturing enterprises and their managers. Based on interviews conducted over a six-year span with managers at 47 manufacturing, light industry, consumer durable, and food processing firms in four Russian cities, the study documents the real world challenge of turning hidebound, often dysfunctional manufacturing operations into thriving companies. With analytical rigor and theoretical creativity, this work will dispel some common misconceptions about the Russian economy and make a contribution to the literature about management, company strategies, and corporate governance.

Local industrial clusters, such as Silicon Valley in the United States, have become an important subject of scholarly inquiry in recent years. This book offers a unifying view by capturing the general characteristics and prerequisites of local industrial clusters both on a theoretical as well as an empirical level. The book establishes a mathematical model to analyse the dynamics of clustering and the conditions that are to be satisfied if a local industrial cluster is to evolve. This model allows predictions about the spatial distribution of firms to be deducted, which are empirically tested in the book. This thorough methodology allows the author to postulate upon whether the number of local clusters that emerge in an industry is random, or whether it is predetermined. An impressive scholarly exercise, this book also contains important policy lessons. As such, Local Industrial Clusters will be a valuable read for policy-makers as well as academics.

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

Marginal Cost in the New Economy outlines a bold new approach for resolving a wide variety of public policy debates. It proposes that a single standard -- marginal cost methodology -- be adopted to replace the haphazard arrays of methods and techniques currently employed to measure the costs and benefits of disputed policy issues. The book's objective is to substitute a single set of harmonious principles for the inconsistent, erratic, and often self-serving approaches to cost-benefit determination currently applied to numerous public issues. The author explains how this methodology would provide an effective starting point for evaluating issues ranging from the relatively simple, such as school vouchers, to the more complex, including prescription drug prices and anti-trust questions. The book also includes a review of the economic requirements of the New Economy as contrasted with traditional microeconomics, which makes it equally useful for courses in microeconomics, public policy, or price theory.

Marginal Cost in the New Economy outlines a bold new approach for resolving a wide variety of public policy debates. It proposes that a single standard - marginal cost methodology - be adopted to replace the haphazard arrays of methods and techniques currently employed to measure the costs and benefits of disputed policy issues. The book's objective is to substitute a single set of harmonious principles for the inconsistent, erratic, and often self-serving approaches to cost-benefit determination currently applied to numerous public issues. The author explains how this methodology would provide an effective starting point for evaluating issues ranging from the relatively simple, such as school vouchers, to the more complex, including prescription drug prices and anti-trust questions. The book also includes a review of the economic requirements of the New Economy as contrasted with traditional microeconomics.

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.

As the twenty-first century begins, significant changes are occurring in the way that services and goods are produced and consumed. One of the key drivers of this change is information and communications technology (ICT). It has transformed the role of space and time in patterns of economic development, in the rise of globalisation and in the scale and structure of organisations. ICT has therefore accelerated the process of continual change and evolution that is the hallmark of both the capitalist economy and of organisations.
A student-friendly account is given of the diversity of theoretical perspectives for understanding the evolving economic geography of advanced capitalist economies. A series of detailed firm and employees' case-studies from Europe, North America and the Asia Pacific, are used to inform the theoretical case-studies. These also highlight and examine the significance of the increased blurring of the distinction between services and manufacturing functions in the production and consumption process.

As the twenty-first century begins, significant changes are occurring in the way that services and goods are produced and consumed. One of the key drivers of this change is information and communications technology (ICT). It has transformed the role of space and time in patterns of economic development, in the rise of globalisation and in the scale and structure of organisations. ICT has therefore accelerated the process of continual change and evolution that is the hallmark of both the capitalist economy and of organisations.
A student-friendly account is given of the diversity of theoretical perspectives for understanding the evolving economic geography of advanced capitalist economies. A series of detailed firm and employees' case-studies from Europe, North America and the Asia Pacific, are used to inform the theoretical case-studies. These also highlight and examine the significance of the increased blurring of the distinction between services and manufacturing functions in the production and consumption process.

First published in 1999, this study recognises the importance of international labour mobility for modern economics. This is in large part due to its effects on the size, age structure and skills of the labour force, the human flow between countries and the expected rise in scale as a result of income differentials, demographic pressures and differential labour-force growth rates along with developments in transport and communications. These migrations are increasingly volatile and unpredictable, whilst being concentrated in regions like Australia, the USA, Sub-Saharan Africa and Western Europe. Given the extensive literature on the microeconomic view, George M. Agiomirgianakis aims to extend the debate on open economy macroeconomics through an exploration of international labour mobilities and their effects on open economies with flexible exchange rates.

There has been a recent resurgence of interest in the work of Vilfredo Pareto, one of the founders of modern economics. This book reconstructs the genesis and significance of Pareto's theory of choice which is Pareto's greatest contribution to economic science and which was used by John Hicks, amongst others, to develop microeconomics. Hicks, Allen, Samuelson and others acknowledged Pareto as the father of the new ordinalist microeconomics but at the same time, portrayed him as confused and contradictory, caught between the old and new paradigms. Luigino Bruni argues that Pareto's revolution in choice theory is better understood in the context of his own philosophical framework. This framework is revealed by reconstructing his dialogues with economists (Pantaleoni) and philosophers (Vailati and Croce), and by exploring Pareto's economic theory in the light of his philosophy of science. In addition, Luigino Bruni argues that Pareto's contribution was different and more complex than Hicks's ordinalism and Samuelson's operationalism. From this analysis emerges an image of Pareto as a man whose ideas and work was only partially fulfilled. This original and sometimes unconventional book will be of great interest to economists, historians of economic thought and philosophers of the social sciences.

Competition, Monopoly and Corporate Governance covers three broad themes, each associated with a particular strand of Keith Cowling's own writings in industrial economics and each represented by four specially commissioned papers. Providing a critical perspective on many current issues in industrial economics the themes are as follows: internationalisation, trans-nationalism and technical change; monopoly, oligopoly and social welfare; and corporate governance, mergers and the evolution of industrial structure. These chapters provide a challenge to much of the prevailing orthodoxy. There is also an appreciation of Keith Cowling's long association with the University of Warwick, spanning more than 30 years. A distinguished series of authors have contributed to the book, including several of Europe's best-known industrial economists. Academics, economists and political scientists in the area of industrial economics will find this volume invaluable.

In recent years the understanding of the cognitive foundations of economic behavior has become increasingly important. This volume contains contributions from such leading scholars as Adam Brandenburger, Michael Bacharach and Patrick Suppes. It will be of great interest to academics and researchers involved in the field of economics and psychology as well as those interested in political economy more generally.

The book focuses on three main themes:
*Overpopulation associated with low productivity, unemployment, persistent poverty and weak savings and investment capacity.
*The post-1950 development strategies and their outcomes
*The institutional structures that are constraining economic and political progress. Egypt in the Twenty First Century is a much needed investigation into the long-term economic reform and restructuring and examines the challenges ahead for the country. It provides authoritative analyses from a collection of respected academics and a wealth of new data. It will appeal to all those interested in the political economy of contemporary Egypt. agriculture, industry and political systems.

eBook available with sample pages: 0203710533

This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, the book elaborates an understanding of the effects of the introduction of new technologies.
The innovation economics community will appreciate this excellent, comprehensive account, provided by a respected expert, and it is also a book that must be read by all those with an interest in Economic Theory.

eBook available with sample pages: 0203217438

In the context of Makassar, on the eastern Indonesian island of Sulawesi, the book explores the socioeconomic and cultural relationships that make life for small entrepreneurs in Makassar so distinctive. Using a new framework for the study of small enterprises - the 'small enterprise integrative framework' - this book gives us a greater understanding of the organization and operations of small enterprises in developing countries, at both the micro and macro levels. The application of this new framework for research reveals the diversity of labour flexibility, networking and cluster styles amongst the enterprises studies, and the constraints they face for growth. Whilst the recent Southeast Asian economic crisis has been heralded by certain commentators as a new era for small enterprises in the region, the book concludes that local realities for the small enterprises in Makassar mean that, whilst for some it has been a time of shifting fortunes, others have continued trading on the margins.

This book can be used as a way of introducing business and management students to economic concepts as well as providing economics students with a clear grasp of how to use the skills they will need in the world of business.
Topics covered include:
*product differentiation
*price discrimination
*hiring and training workers
*labor-management relations
*international trade
A host of key features are employed to add colour to the text including case studies, examples and discussion questions. Scenarios presented centre upon a diverse range of subjects and firms including Eurostar, NHL hockey equipment, Chevrolet, Philips and pension plans.

How do we define an economic disaster? A difficult question. Most centuries would claim that they have had their share of disasters, but the twentieth century certainly seems to have been more prone to them than the previous one. A number of leading economists and economic historians assemble here to examine nine key disasters with international or global implications. The First and Second World Wars, the great depression, oil shocks, inflation, financial crises, stock market crashes, the collapse of the Soviet command economy and Third World disasters are discussed in this comprehensive book. The contributors subject these disasters to in-depth assessment, carefully considering their costs and impact on specific countries and regions, as well as assessing them in a global context. The book examines the legacy of economic disasters and asks whether economic disasters are avoidable or whether policymakers can learn from their mistakes. The book will appeal to a wide variety of social scientists, including those working in economic history, international relations, international political economy and geopolitics.

This title focuses on one aspect of migration, namely its ethnic competition. Rather than observe population movements in general, the study is limited to the movements of specific ethnic groups. It explores the role played by ethnicity in determining which groups move and which groups stay.