Much has been written on the financial crisis of 2008 - the most severe economic downturn since the Great Depression - analysing its causes and the risks for the future of the global economy. This book takes an alternative approach which focuses on the legacy of the global financial crisis, what is remembered and what lessons have been drawn from it. This volume provides perspectives on this legacy from a variety of contributors including central bankers, regulators, politicians, academics, and journalists. They offer insight into what remains of the crisis in terms of public and industry awareness, changes to the post-2008 financial architecture, lessons from the national experiences of highly exposed small economies, and considers this legacy in terms of oversight by regulatory regimes. These diverse perspectives are drawn together here to ask how we can ensure that these lessons will be transmitted to the new generation of global financiers.

This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events - and what to do about them - than the mechanistic, mathematical models of too many economists and planners today.' - Eamonn Butler, The Adam Smith Institute, UK'David Simpson writes about key economic issues with admirable lucidity. He draws deeply on experience as well as on his knowledge of economic theory.' - Asa Briggs David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary. The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy - namely incessant change, growth, the business cycle and the market process itself - and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena. This fascinating book will provide a stimulating read for academics, postgraduate students and all those with an interest in economic theory and economic policy. Contents: Preface 1. Introduction 2. Human Behaviour 3. Qualitative Change and Quantitative Growth 4. Adaptation, Emergence and Evolution 5. Self-organisation and Complexity 6. Markets, Competition and Entrepreneurship 7. Specialisation and Growth 8. Prosperity and Recession 9. Government 10. The Rediscovery of Classical Economics Bibliography Index

Innovatively rethinking the discipline of political economy, Fred P. Gale builds on a range of contemporary examples to develop a pluralistic conception of sustainability value that underpins sustainable development. He identifies why current approaches are having no meaningful impact and unifies diverse perspectives into one integrative approach. This definitive work argues that sustainability value?s realization requires a complete rethink of the way firms and polities are governed, challenging the idea that preferences are rational. Treating sustainability value as supervening on four other elemental economic values, the book illustrates how '?tetravaluation?' is being partially realized at the level of the firm and the state. With vast differences in institutional requirements across conventional liberal, nationalist and socialist frameworks, Gale implores political economy to abandon its monistic modernist legacy and embrace the pluralistic, reflexive and interdisciplinary standpoint that sustainability demands. With striking implications for existing political, economic and cultural institutions, Gale offers a new perspective on generating better policy outcomes for public policy professionals and sustainability practitioners. This book is a must-read for public policy theorists, political and ecological economists, and environmental policy researchers, as Gale challenges the conventional ideas linked to the functioning of liberal democracy and explores the future of political economic thought.

Innovatively rethinking the discipline of political economy, Fred P. Gale builds on a range of contemporary examples to develop a pluralistic conception of sustainability value that underpins sustainable development. He identifies why current approaches are having no meaningful impact and unifies diverse perspectives into one integrative approach. This definitive work argues that sustainability value?s realization requires a complete rethink of the way firms and polities are governed, challenging the idea that preferences are rational. Treating sustainability value as supervening on four other elemental economic values, the book illustrates how '?tetravaluation?' is being partially realized at the level of the firm and the state. With vast differences in institutional requirements across conventional liberal, nationalist and socialist frameworks, Gale implores political economy to abandon its monistic modernist legacy and embrace the pluralistic, reflexive and interdisciplinary standpoint that sustainability demands. With striking implications for existing political, economic and cultural institutions, Gale offers a new perspective on generating better policy outcomes for public policy professionals and sustainability practitioners. This book is a must-read for public policy theorists, political and ecological economists, and environmental policy researchers, as Gale challenges the conventional ideas linked to the functioning of liberal democracy and explores the future of political economic thought.

This book uses the idea of internal cohesion through intra-BRICS cooperation to make the argument that the next phase in the evolution of BRICS is to strengthen cooperation among BRICS countries in the implementation of decisions taken. There is a risk that what the BRICS promises and what it represents both in the eyes of its friends and foes might not materialise in the absence of central institutions. So, the book calls for the deepening intra-BRICS cooperation across all policy areas where there are already undertakings could help mitigate this risk.

This book addresses the possibilities of analyzing the modern international through the thought of Michel Foucault. The broad range of authors brought together in this volume question four of the most self-evident characteristics of our contemporary world-'international', 'neoliberal', 'biopolitical' and 'global'- and thus fill significant gaps in both international and Foucault studies. The chapters discuss what a Foucauldian perspective does or does not offer for understanding international phenomena while also questioning many appropriations of Foucault's work. This transdisciplinary volume will serve as a reference for both scholars and students of international relations, international political sociology, international political economy, political theory/philosophy and critical theory more generally.

In the post-COVID-19 era, it is essential to adhere to an international framework for sustainable development goals (SDGs), which requires the management of the economic, social, and environmental shocks and disasters. While many have suffered across the world from the COVID-19 pandemic, these SDGs work to ensure healthy lives and promote well-being for all ages, as well as inclusive and sustainable economic growth. Frameworks for Sustainable Development Goals to Manage Economic, Social, and Environmental Shocks and Disasters provides an updated view of the newest trends, novel practices, and latest tendencies concerning the benefits, advantages, opportunities, and challenges of building an internationally successful framework for SDGs. Covering topics such as business longevity, green innovation, and vaccination willingness, this premier reference source is an excellent resource for government officials, business leaders and executives, human resource managers, economists, sociologists, students and faculty of higher education, librarians, researchers, and academicians.

In Progress and Poverty, economist Henry George scrutinizes the connection between population growth and distribution of wealth in the economy of the late nineteenth century. The initial portions of the book are occupied with refuting the demographic theories of Thomas Malthus, who asserted that the vast abundance of goods generated by an economy's growth was spent on food. Consequently the population rises, keeping living standards low, poverty widespread, and starvation and disease common. Henry George had a different attitude: that poverty could be solved and economic progress preserved. To prove this, he draws upon decades of data which show that the increase in land prices restrains the amount of production on said land; business owners thus have less to pay their workers, with the result being mass poverty especially within cities.

In the backdrop of the Coronavirus having wreaked havoc on nations across the world and adversely impacting economic growth of countries, the government and monetary authorities,such as the Reserve Bank of India, stepped forward with conventional as well as unconventional stimulus measures. This was the time for the Government and fellow Indians to reboot, redraw, and reinvent the wheel of progress, and paint a new standing in the World Economic Order. Thus, in light of the above-mentioned macroeconomic scenario existing in India in June 2020, the authors decided to continuously examine the important measures and policies announced by the Government and evaluate its impact on the country. Part 1 of the book traces the preceding trends in the economic growth of the country during 2010-20, the initial impact of the virus on the Indian economy, the macroeconomic perspectives, including the required fiscal measures through the very first post-pandemic budget, i.e., for 2021-22, and the country's progress on the path to economic recovery in the first quarter of 2022. Part 2 critically analyses policy initiatives undertaken by the Government for achieving an Atmanirbhar Bharat (self-reliant India), short-term and long-term structural reforms, agricultural reforms, the six pillars on which the union budget 2021-22 has been formulated, and bold measures like the proposal for asset monetization of PSUs and government's re-think on retrospective taxes. Part 3 lays out a roadmap of policy suggestions which warrant government focus and attention to make India into a self-reliant nation. These initiatives can help in achieving the dream of doubling farmers' income and making India into a global manufacturing hub. This section also discusses the importance of cooperative federalism and challenges before the government in making India into a self-reliant nation, especially in terms of administrative machinery and the judicial system.

This book conducts systematic theoretical research on the social mechanism running system based on China's targeted poverty alleviation model and poverty reduction experience. In light of the theories of Parsons' structural functionalism, Luhmann's social system theory, and Merton's structural functionalism, this book puts forward the "coupling" theory of China's targeted poverty alleviation strategy. From the theoretical level, the operation process of poverty reduction policy is a complex social system. The "coupling" theory of China's targeted poverty alleviation strategy is mainly a theoretical innovation for the general expression of China's targeted poverty alleviation model. In terms of the design and running process of the targeted poverty alleviation strategy, the multilevelness of antipoverty and the heterogeneity of poverty objects reflect the complexity of poverty reduction, which displays systematic complexity in the structural evolution and functional differentiation of poverty reduction, as well as the evolution of the subjective intention of poverty objects. Therefore, this book conducts a "systematic" analysis of the implementation conditions and operation process of targeted poverty alleviation from the perspective of "coupling," presenting a social practice mechanism in which multiple systems coordinate and interact with each other, the poverty reduction system is continuously optimized, and policy effectiveness is continuously improved in China's poverty reduction practice.

This ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate. The Neoliberal Paradox challenges the standard interpretations of neoliberalism that focus on limited government and free markets. Instead, Ray Kiely reveals the ways in which the neoliberal project is reliant on state power. The history and application of neoliberalism is discussed from the Austrian and ordo-liberal schools in the 1930s and the Chicago School after 1945, through to developments such as the New Right and the third way, before finally considering the impacts of the financial crisis of 2008, the rise of Trump and Brexit. By exploring the full breadth of neoliberal theory and practice, in addition to the arguments of key thinkers, Kiely explores how neoliberalism has renewed itself in times of crises and turns his gaze towards the future. This book will provide a stimulating read for academics and advanced students in the fields of politics, human geography and sociology, in addition to those working in the public sector.

How should national security concerns alter our perception of what constitutes good economic policy? Survival: The Economic Underpinnings of American National Security introduces principles of national security thinking relevant to public policy, then illustrates application of these principles in a number of policy areas including fiscal policy, healthcare, education, immigration, welfare and poverty abatement, energy, and the environment.

What should businesses consider in preparing for terrorist attacks, natural disasters, pandemic illnesses and other emergencies? What steps can a business take to ensure continuity during and after a crisis? What can we learn from past success? This edited collection provides responses to these and other questions from prominent business executives and academics, drawn from their personal experiences with such crises as the terrorist attacks of 9/11, Hurricane Katrina, and the Asian tsunami. Their analyses prove a major step forward in the emerging academic and professional field of homeland security. In this first volume, The Challenge of the New Age, the contributors- noted authorities in security and risk management, technology, public health, political science and business - look at specific ways disasters can impact businesses, both in the short and long term. They recount their experiences with terrorist attacks and natural disasters, and explore the potential impact of other hazards, such as a biological event or pandemic. Intended for business practitioners, real world operators, students and faculty, government leaders, and their libraries, the book demonstrates with historical examples the connectivity between threats, hazards, policies, jurisdictions, information, technology, leadership, and considerations of profit and loss. Those who want to benefit from best practices while avoiding mistakes of the past will find this an excellent place to start. Contributors: D. Alexander, F. Burton, B. Eggers, E. Gursky, W.I. Hancock, J. Jackson, P.B. Kurtz, P. Leitner, K. Lindsey, D.H. McIntyre, G. McNeal, M. Minor, G. Pellegrino, N. Saiff, G. Selig, K. Senser, C. Shays, G. Williams, D. Wyss

Nutrition Economics: Principles and Policy Applications establishes the core criteria for consideration as new policies and regulations are developed, including application-based principles that ensure practical, effective implementation of policy. From the economic contribution of nutrition on quality of life, to the costs of malnutrition on society from both an individual and governmental level, this book guides the reader through the factors that can determine the success or failure of a nutrition policy. Written by an expert in policy development, and incorporating an encompassing view of the factors that impact nutrition from an economic standpoint (and their resulting effects), this book is unique in its focus on guiding other professionals and those in advanced stages of study to important considerations for correct policy modeling and evaluation. As creating policy without a comprehensive understanding of the relevant contributing factors that lead to failure is not an option, this book provides a timely reference.

Institutional theory has become one of the dominant organizational approaches in recent decades. Its roots can be traced to Europe and an important intellectual objective of this book is to examine North American theory strands and to reconnect them with European research traditions in order to explore new perspectives. For that purpose, this book focuses on how organizations and individuals handle heterogeneous and challenging social conditions which are subsequently reflected in various forms of change. In particular, the book: sheds light on neo-institutionalism from a European perspective examines neo-institutionalism in North American sociological and organizational theories and (re-)connects them with European research traditions explores novel and innovative methodologies to analyse institutions analyzes institutional and organizational change links micro- and macro-approaches to institutions reconnects organizational institutionalism with sociological theories. Finally, the book includes an afterword by John Meyer which is intended to stimulate further discussion. New Themes in Institutional Analysis will appeal to students and academics in organization, management and institutionalism. Contributors include: J.L. Alvarez, N. Arnold, C. Berg Johansen, S. Boch Waldorff, S. Bohn, M. Bottura, R. Corrado, G. Delmestri, G.S. Drori, B. Forgues, R.O. Friedland, M.A. Hoellerer, T. Klatetzki, K. Kloos, V.P. Korff, G. Krucken, M. Lounsbury, C. Mazza, J.W. Meyer, R.E. Meyer, A. Mica, A. Oberg, V. Odorici, C.R. Oelberger, M. Pawlak, W.W. Powell, B. Soppe, J. Strandgaard Pedersen, S. Svejenova, P. Walgenbach, E. Weik, A. Westenholz