This thoroughly accessible textbook shows students how microeconomic theory can be used and applied to major issues of public policy. In this way, it will improve their understanding of both microeconomic theory and policy and also develop their ability to critically assess them. >Clem Tisdell and Keith Hartley have expanded upon their previous successful work on microeconomics. As a result, this new book is considerably updated with substantial chapter revisions, as well as new chapters dealing with business management, ownership, environmental issues, public choice, defence, conflict and terrorism. Promoting a thorough understanding of this complex yet fundamental topic, Microeconomic Policy: A New Perspective will undoubtedly prove an invaluable textbook for all students, academics and researchers of economics and public policy.

Many policies in several Western European countries and the U.S. aim to counter spatial concentrations of deprivation and create more socio-economically mixed residential areas. Such policies are founded on the belief that neighbourhoods have a strong and independent effect upon the well-being and life-chances of individuals. The adequacy of the evidence base to support this position has been the subject of spirited debate on both sides of the Atlantic. The primary purpose of this book is to contribute to this policy-relevant discussion by presenting new scholarship from many countries that rigorously quantifies various sorts of neighbourhood effects through the use of cutting-edge social scientific techniques. The secondary purpose of this book is to introduce these techniques to a wider array of housing and planning researchers and to show how a variety of disciplines have offered insightful, synergistic perspectives. Research on neighbourhood effects has over the last 15 years led to a body of knowledge extending far beyond the sociological urban research where it originated. The problem of quantifying neighbourhood effects and the use of associated methodologies (like multi-level analysis, instrumental variables) has attracted scholars from criminology, sociology, social geography, economics and health science, and thus serves as a critical locus for interdisciplinary scholarship. This book was previously published as a special issue of Housing Studies.

Argues that environmental problems need to be looked at internationally, in terms of the global economic system, and that the degradation of the environment is not `natural', but an historical process which is intrinsically linked and shaped by economic and political systems.

eBook available with sample pages: 0203408888

This is the first book to address the design needs of older people in the outdoor environment. It provides information on design principles essential to built environment professionals who want to provide for all users of urban space and who wish to achieve sustainability in their designs. Part one examines the changing experiences of people in the outdoor environment as they age and discusses existing outdoor environments and the aspects and features that help or hinder older people from using and enjoying them. Part two presents the six design principles for 'streets for life' and their many individual components. Using photographs and line drawings, a range of design features are presented at all scales of the outdoor environment from street layouts and building form to signs and detail. Part three expands on the concept of 'streets for life' as the ultimate goal of inclusive urban design. These are outdoor environments that people are able to confidently understand, navigate and use, regardless of age or circumstance, and represent truly sustainable inclusive communities.

What produces a happy society and a happy life? Thanks to the new science of wellbeing, we can now answer this question using state-of-the-art empirical evidence. This transforms our ability to base our decisions on the outcomes that matter most, namely the wellbeing of us all including future generations. Written by two of the world's leading experts on the economics of wellbeing, this book shows how wellbeing can be measured, what causes it, and how it can be improved. The findings of the book are profoundly relevant to all social sciences, including psychology, economics, politics, behavioural science and sociology. This is the first field-defining text on a new science that aims to span the whole of human life. It will be an invaluable resource for undergraduate and graduate students, as well as policy-makers and employers who will be able to apply its insights in their professional and private lives.

The Microfinance revolution is usually considered to have been led by the NGOs, donor agencies, and more recently banks who offer poor people financial services. But what can we learn from the ways that poor people already manage their money? What are the essential elements that they prize so much that they are willing to pay high interest rates to money lenders, or spend time and energy setting up elaborate savings clubs? The poor and their money emphasizes the pivotal role of savings in the lives of the poor, and in so doing overturns the common misconception that they are 'too poor to save'. Building on the huge acclaim that followed its first publication, the second edition of The Poor and Their Money brings readers up to date with microfinance developments in the twenty first century, including India's self-help group movement, village banks, and microfinance on Wall Street. It also describes the most detailed accounts to date of poor people's day-to-day financial strategies - their financial diaries. The book's clarity and avoidance of jargon make it appealing not only to microfinance students and practitioners, but to general readers as well.

The book discusses the mechanisms by which securities are traded, as well as examining economic models of asymmetric information, inventory control, and cost-minimizing trading strategies.

Microeconomic Theory is a modern treatment of the neoclassical paradigm which is essential for understanding microeconomics. The author has carefully applied this theory in a non--mathematical and intuitive way. The special features include: aeo emphasis on the nature of the neoclassical paradigm aeo introduction to game theory aeo minimal mathematical content aeo intuitive exercises and examples aeo written in a concise format This book is one of the more simple yet focused texts available for Microeconomic theory. It is geared for first year graduate students of economics.

What produces a happy society and a happy life? Thanks to the new science of wellbeing, we can now answer this question using state-of-the-art empirical evidence. This transforms our ability to base our decisions on the outcomes that matter most, namely the wellbeing of us all including future generations. Written by two of the world's leading experts on the economics of wellbeing, this book shows how wellbeing can be measured, what causes it, and how it can be improved. The findings of the book are profoundly relevant to all social sciences, including psychology, economics, politics, behavioural science and sociology. This is the first field-defining text on a new science that aims to span the whole of human life. It will be an invaluable resource for undergraduate and graduate students, as well as policy-makers and employers who will be able to apply its insights in their professional and private lives.

Enterprise and entrepreneurship is of strong interest to policy-makers because new and small firms can be a key contributor to job and wealth creation. However this contribution varies spatially, with some areas in a country having new firm formation rates that are up to three or four times higher than others. The vast majority of these new firms begin in the geographical area in which the founder lives, works or was born emphasising that entrepreneurship is a local event. The book documents a diversity of research approaches to examining the regional determinants of entrepreneurship in countries as contrasting as India and Sweden. The Editors call is for scholars to better understand the long run factors that influence enterprise at the local and regional level. For policy makers the Editors challenge is for them to be much clearer about the targets for their policies. Is it new firms, new jobs, productivity and does it matter where these targets are delivered? This book was published as a special issue of Regional Studies.

The rural landscape of the Third World is generally seen as one worked by the impoverished. Chris Dixon shows that this is an increasingly inaccurate picture. Wealth does exist, with the landed often maintaining lifestyles comparable to their richest urban neighbours. And while land remains the basis of real wealth, the rural workforce is diversifying its activities away from agriculture becoming involved in a range of manufacturing, processing, trading and service industries. Yet still rural poverty persists, and the book illustrates just how difficult it is to assess the success of development initiatives adopted to eliminate it. This book, first published in 1990, provides a general introduction to the approaches, policies, and problems associated with Third World rural development. Rural Development in the Third World is relevant to students of geography, the environment and developmental issues.

The election of the Clinton administration in the United States and the debate in the European Community about the consequences of the industrial policy clause in the Maastricht treaty have put industrial policy back on the academic and political agenda again. This volume brings together the key articles on industrial policy, ranging from general theoretical perspectives and overviews of the literature to studies of the experience of particular countries, including Japan and the newly industrialising countries of East Asia. Four articles are concerned with the industrial programmes of the European Community. This is a comprehensive and authoritative compilation of work on a theme of interest to economists and political scientists.

Behavioral economics provides a rich set of explicit models of non-classical preferences and belief formation which can be used to estimate structural models of decision making. At the same time, experimental approaches allow the researcher to exogenously vary components of the decision making environment. The synergies between behavioral and experimental economics provide a natural setting for the estimation of structural models. This Element will cover examples supporting the following arguments 1) Experimental data allows the researcher to estimate structural models under weaker assumptions and can simplify their estimation, 2) many popular models in behavioral economics can be estimated without any programming skills using existing software, 3) experimental methods are useful to validate structural models. This Element aims to facilitate adoption of structural modelling by providing Stata codes to replicate some of the empirical illustrations that are presented. Examples covered include estimation of outcome-based preferences, belief-dependent preferences and risk preferences.

Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues that crises are inherent within capitalism and that neither the market nor Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to the Marxist critique of political economy and radical theory in general.

Capitalizing on the extensive experience of the author in estimating shadow prices, Shadow Prices for Project Appraisal forges a bridge between theory and practice, explaining what shadow (or accounting) prices are, how they are used, and how they can be estimated. Starting from the basic principles of applied welfare economics, Elio Londero's book provides a step by step derivation of those formulas more frequently utilized in estimating shadow prices. The preparation and use of input-output techniques are examined in detail, and different estimation approaches and updating procedures are presented. Finally, a detailed case study of shadow prices for Colombia illustrates their practical application. This book will be essential reading for students and teachers interested in cost-benefit analysis, and in shadow prices as a specialized field of applied welfare economics. In addition, the book will be an invaluable source for applied economists and practitioners interested in calculating shadow prices.

As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.

This book is a timely exploration of an unprecedented, cataclysmic pandemic episode. It examines certain critical aspects of socio-scientific theory across a variety of diverse themes, and through an epistemic lens. The book investigates the general theory of pandemic episodes and their adverse long-term effects on human and environmental wellbeing. It includes an in-depth study of COVID-19 but also looks to the future to contemplate potential pandemics to come. The existing approach to the study of pandemics is critically examined in terms of the prevalent isolated and thus mutated way of viewing human and mechanical relations in the name of specialization and modernity. The book presents a novel model of science-economy-society moral inclusiveness that forms a distinctive theoretical approach to the issue of normalizing all forms of pandemic challenges. It is methodologically different from existing economic theory, including the critical study of microeconomic foundations of macroeconomics. Human and environmental existence along with its multidisciplinary outlook of unity of knowledge between modernity, traditionalism, and socio-cultural values is emphasized in the treatment and cure of pandemic episodes. The book is a unique reference work, offering fresh wisdom within the moral methodological worldview.

This book investigates from the perspective of the major economic dictionaries the notions of economic crisis and cycles. It gives an extensive summary of a number of significant entries on this subject, with an introductory essay to each entry placing them (and the dictionary to which they belong) in their context, giving some details on the author of the dictionary entry, and assessing the entry s (and its author s) contribution. The broad picture (including the history of these encyclopedic tools) is examined in the introductory essays.

Extra resources may be accessed at the author's personal website:

http: //www.danielebesomi.ch/dictionaries/crises_in_dictionaries/index.html

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The aim of the book is to highlight the law and economics issues confronting civil law countries. The following questions are addressed in this volume: to what extent have the existing codes in civil law countries been designed to incorporate economic considerations? Can the modifications made to codified rules over time be explained by a will to react to new economic constraints? Which economic problems are at the root of the revision of codes? And, given that the code is not the only source of law in civil law countries, the volume also explores the relationship between law and economics in the context of both the legislature and the courts.

How can we effectively aggregate disparate pieces of information that are spread among many different individuals? In other words, how does one best access the 'wisdom of the crowd'? Prediction markets, which are essentially speculative markets created for the purpose of aggregating information and making predictions, offer the answer to this question. The effective use of these markets has the potential not only to help forecast future events on a national and international level, but also to assist companies in providing, for example, improved estimates of the potential market size for a new product idea or the launch date of new products and services. The markets have already been used to forecast uncertain outcomes ranging from influenza outbreaks to the spread of other infectious diseases, to the demand for hospital services, to the box office success of movies, climate change, vote shares and election outcomes, to the probability of meeting project deadlines. The insights gained also have many potentially valuable applications for public policy more generally. These markets offer substantial promise as a tool of information aggregation as well as forecasting, whether alone or as a supplement to other mechanisms like surveys, group deliberations, and expert opinion. Moreover, they can be applied at a macroeconomic and microeconomic level to yield information that is valuable for government and commercial policy-makers and which can be used for a number of social purposes. This volume of original readings, contributed by many of the leading experts in the field, marks a significant addition to the base of knowledge about this fascinating subject area. The book should appeal to all those with an interest in economics, forecasting or public policy, and in particular those with an interest in the study of money, investment and risk.

Questions of the social implications of biotechnology and biological exchange (the extraction of human tissues such as blood, skin and organs for testing, storage and/or distribution for therapeutic or research purposes) have recently been brought strongly to the analytical fore across the social sciences. This book focuses on the variegated biopolitical milieus of this kind of exchange specifically in South Asia. It ranges widely - theoretically, thematically, and regionally - in examining South Asian variants of and engagements with diverse modes of biological exchange: caste, gender, and blood donation in Pakistan, DNA testing amongst a former Untouchable community in south India and amongst diasporic Indians in Houston, Texas, body (cadaveric) donation in India, the use of fake blood in Bangladeshi cinema, the mobilisation of blood, hearts, and ketones to protest the Indian government's failure to provide redress or care to victims of the 1984 Bhopal industrial disaster, and blood-based political portraits and petitions in south India. In considering this complex of issues, this book extends the parameters of classic accounts of the role of substance transactions in the production of South Asian personhood into investigations of the biopolitics and economies of substance that shape people and communities in diverse parts of the subcontinent, describing findings that illuminate how local responses to the implementation of various kinds of tissue economy both reflect and also transform socio-cultural values in South Asia. This book was published as a special issue of Contemporary South Asia.

First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.

This book is about the relationship between firm dynamics, innovation and globalization, the processes that are essential for long term economic growth and welfare creation. This volume deals with these three issues in three sections titled respectively: entrepreneurship, new firm formation and growth; productivity-innovation-growthnexus; globalization, multinational firms and producers' dynamics. The book presents new studies written by distinguished researchers in the field, who use state-of-the-art methodologies and extensive sources of firm- and plant-level longitudinal data to analyze and understand these major economic issues facing modern economies. In the first section, the book proposes two comprehensive introductory surveys which explore in detail the underpinnings of entrepreneurship, new firm formation and growth in advanced and developing countries. The second fundamental issue, productivity-innovation and firm dynamics, is approached by examining key drivers of selection mechanisms such as size, scale elasticity, innovative efforts, financial fragility of the firms, barriers to entry and exit, capital and financial market distortions, institutional inefficiencies and other market imperfections which affect the ability of firms to expand or enter. The third section examines differences, linkages and intertwined evolution of foreign and domestic firms in their dynamics of survival and growth in different institutional contexts and periods. Each chapter includes a detailed discussion of the implications of the respective analyses for enterprise policy. In a concluding chapter the overall implications for enterprise policy of the analyses presented in the different chapters are drawn by the Editors. This approach ensures that the book is integrated around a coherent central theme in comprehensive framework. The book responds to a growing concern among scholars, professionals, and policy makers over the recent decades about firm ability to survive and compete in a context of increasing globalization and international competition. The approach adopted is both theoretical and empirical with consideration of paradigmatic case studies in Europe, Africa and Asia, providing new evidence on developed, developing and transition economies in a comparative perspective. The cases selected represent different levels of development, different firms strategies and paths, with distinct outcomes. The book is an essential reading for scholars and students concerned with industry development, public policy and globalization, as well as to all those involved professionally in such issues.