This volume brings together three areas of interest: the rule-based approach, the entrepreneur, and Japan as an empirical application. It highlights the advantages of the rule-based approach for economic analysis by linking different methodological underpinnings. Using these, the author exemplifies how rule-based economics allows a systematic analysis of the entrepreneur as the key figure in bringing about economic change and diversity. The book includes an empirical methodology for applied research in rule-based economics, which it puts to the test in an empirical study of entrepreneurship in contemporary Japan. The choice of entrepreneurship and Japan showcases the integrative power that rule-based economics brings to further breaking a theoretical deadlock and to analytically capturing a very particular economy investigated very little so far. By offering a body of new and original research, the monograph shows how the idea of entrepreneurship as a rule helps to resolve the Schumpeter-Kirzner divide and to develop an empirical approach to the determinants of entrepreneurial activity.

India is one of the fastest growing countries in the world. However, high economic growth is accompanied by social stratification and widening economic disparity between states. This book illustrates some important aspects of underdevelopment and the process by which the underclass is left behind by focusing on the country's most neglected regions.

Located in the far-western Tarai region of Nepal, Kailali has been the site of dynamic social and political change in recent history. The Partial Revolution examines Kailali in the aftermath of Nepal's Maoist insurgency, critically examining the ways in which revolutionary political mobilization changes social relations-often unexpectedly clashing with the movement's ideological goals. Focusing primarily on the end of Kailali's feudal system of bonded labor, Hoffmann explores the connection between politics, labor, and Mao's legacy, documenting the impact of changing political contexts on labor relations among former debt-bonded laborers.

Paul Auerbach's Socialist Optimism offers an alternative political economy for the twenty-first century. Present-day capitalism has generated growing inequality of income and wealth, persistent high levels of unemployment and ever-diminishing prospects for young people. But in the absence of a positive vision of how society and the economy might develop in the future, the present trajectory of capitalism will never be derailed, no matter how acute the critique of present-day developments. The detailed blueprint presented here focuses upon the education and upbringing of children in the context of social equality and household security. It yields a well-defined path to human development and liberation, as well as democratic control of working life and public affairs. Socialism as human development gives a unity and direction to progressive policies that are otherwise seen to be a form of pragmatic tinkering in the context of a pervasive capitalist reality.

The United States, as well as most of the world, is sitting upon a precipice of economic collapse, which will likely lead not only to the loss of our affluence but of our freedoms.

When I was a child in the fifties, despite the problems that existed, our nation was more honest, unified and free. Although we were far less affluent back then, most people felt connected and life had meaning. This book is a memoir of the 1950s when people believed in the Golden Rule, even if we could not always live by it. It is a personal recollection of the moral you-turn we took in the late 1960s and the consequences that change has had on how we live today.

For the past fifty years we have increasingly embraced the "me first' mentality that is the underlying cause of our decline. We cannot really love others, nor can we fix the problems of our nation if all we think about is ourselves.

When we, with God's help, find a place in our hearts for each other's needs, the resulting honesty, good will and unity will be the foundation upon which we begin to rebuild America.

This accessible introductory text provides a comprehensive and accessible account of the evolution of the Eurozone, from its beginnings in fixed exchange rate systems through to the aftermath of the sovereign debt crisis. It examines why the EMU was created, what went wrong to bring about the global financial crisis, and why countries were affected so differently. It assesses the impact of monetary union both in Europe and beyond and evaluates the prospects for the Euro as an international currency. Recognising that political union has long been seen as part of monetary integration, and that Eurozone membership often impacts domestic policy, Chang widens the scope of her evaluation to include consider effects and developments that are not purely economic in scope. Using theories drawn from economics and political science, this book provides students with an up-to-date analysis of the recent reforms undertaken, grounded in a long-term perspective of the trajectory of European integration. As well as suiting upper-level undergraduate and Master's courses on European Monetary Union, this text is beneficial for students of Politics, International Relations and European Studies on more general courses to foster an understanding of the impact of the EMU on the wider functioning of the EU. The text is filled with figures, maps, timelines and other pedagogical features to ensure this topic accessible to students of all levels.

This book takes a close look at macroeconomic imbalances within the Eurozone and explores the profound consequences the introduction of the European Monetary Union (EMU) has had on Euro area countries. Particular attention is given to balance of payments deficits and surpluses, and the profound difficulties of rebalancing the Euro area. Throughout the chapters, the author argues that the EMU has failed to support an optimal currency area with the correct institutional arrangements due to misunderstandings at a macroeconomic level. The author also sheds light on the stability pact and the resulting macroeconomic trap which has left a number of Eurozone countries with devastatingly high rates of unemployment. The book argues that by disregarding important macroeconomic imbalances, Euro-monetarists have derailed the entire Eurozone project to such an extent that it is at risk of falling apart. Key chapters discuss the establishment of the EMU from a Euro-realist perspective and the role of the European Central Bank in rebalancing financial markets. The concluding chapter looks ahead to the future of the Euro and proposes necessary institutional solutions to the macroeconomic problems it is currently facing. Scholars and students with an interest in the current economic disarray within the Eurozone will find this work thought-provoking and highly informative.

Marking the 25th anniversary of Ukraine as a sovereign nation, this book traces its economic transformation since 1991. Post-communist transition has been a highlight of recent history, and Ukraine stands out as one of its most interesting and puzzling cases. Havrylyshyn offers the first comprehensive treatise on the entire period, providing a thorough description of the slow evolution of economic reforms, exploring how and why performance in this regard fell far behind the leaders in transition. Testing several conventional hypotheses, the author argues that while Russian imperialism may form part of the explanation, the self-serving interests of domestic elites and new oligarchs may be even more important. Radically revising the traditional argument that reforms were delayed to allow nation building, this book contends that it was due more to the interests of the non-lustrated elite, who needed time to become the new capitalists.

Water managers tend to have narrow views on what they consider to be the value of water. However, not all water use is market driven; therefore, a comprehensive understanding of local community values associated with water can inform decision making by water managers. We use the term 'water manager' to encompass not only the singular person assigned this community duty but also the many councils and institutions who make decisions regarding local water resources. Regarding conventional values of water, an abundance of research exists; yet, for intangible aspects such as conservation for its own sake and spiritual connections, research involving value is limited. There are volumes of works that estimate the monetary values of water; however, intangible values are often overlooked. In general, few studies endeavor to estimate worth for water that encompasses more than a monetary value. We argue that it is the inclusion of both monetary and non-monetary values that justifies trust in the position of water manager.

This is the first book that takes a theoretical approach to the effects of international immigration by considering the current economic topics confronted by more highly developed countries such as Japan. Developed here is the classic trade model by Heckscher-Ohlin-Samuelson, McDougall's basic model of the international movement factor, the urban-rural migration model by Harris-Todaro, and Copeland-Taylor's well-known model in the field of environmental economics by introducing new trends such as economic integration including free trade and factor mobility between countries at different stages of development. Coexistence of two types of immigrants - legal, skilled workers and illegal, unskilled workers - without any explicit signs of discrimination, transboundary pollution caused by neighboring lower-developed countries with poor pollution abatement technology, difficult international treatment of transboundary renewable resources, the rapid process of aging and population decrease, the higher unemployment rate of younger generations, and the serious gap between permanent and temporary employed workers-are also considered in this book as new and significant topics under the context of international immigration. Taking into account the special difficulties of those serious problems in Asia, each chapter illustrates Japanese and other Asian situations that encourage readers to understand the importance of optimal immigration policies. Also shown is the possibility that economic integration and liberalization of international immigration should bring about positive effects on the economic welfare of the developed host country including the aspects of natural environment, renewable transboundary resources, the rate of unemployment, and the wage gap between workers.

This first part of a two-volume series examines in detail the financing of America's major wars from the American Revolution to the Civil War. It interweaves analyses of political policy, military strategy and operations, and war finance and economic mobilization with examinations of the events of America's major armed conflicts, offering useful case studies for students of military history and spending policy, policymakers, military comptrollers, and officers in training.

This books analyses how transnational gas markets have evolved and impacted on EU-Russia energy relations. It examines how the political conflict surrounding Ukraine has accelerated a negative interdependence in the region, with energy interdependence increasingly used as an instrument of diplomacy.

This textbook equips instructors and students with an overview of the existing literature so that the latter can attain an overall understanding of macroeconomic and microeconomic public finance. The literature on public finance has grown dramatically with theoretical studies and empirical analysis, and much of the focus has been on macroeconomic effects of public services. The standard textbook offerings, however, are mainly restricted to microeconomic topics of public finance. This text intends to fill this gap by presenting a theoretical-based, comprehensive explanation of public finance. Particular emphasis is directed at developing tools that can be applied theoretically and empirically to clarify essential economic concerns in the current public sector in advanced countries, including Japan. Such concerns include the macroeconomic effect of fiscal policy, the dependence on bonds for covering government deficits, and social security reform. The main text explains the standard concepts of public finance, and the appendix offers various advanced topics. The material will facilitate an understanding of how to investigate changes in the public sector, interpret results, and basically do research on fiscal policy. The textbook will be of value to a broad range of course offerings, including those generally focused on fiscal policy, on social security reform and on tax reform.

This book offers a collection of studies on regional integration and the dynamic business environment in East Asia. The papers included, originally presented at the 2014 Asia Pacific Business Conference on "Free Trade Agreements and Regional Integration in East Asia," examine the challenges and dynamics in the increasingly integrated East Asian markets and outline a new paradigm for doing international business in the region. The papers address diverse areas related to regional integration, financial markets, investment, trade and capital flow, sustainability, accounting and auditing issues, exchange rates, strategies and the regional business environment. The book provides a valuable resource for practitioners, policy-makers and students who are interested in understanding the vibrant aspects of business in today's East Asia.

This book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy's eventual recovery from the crisis and the prospect of higher US interest rates in future. Told in three parts, the book explores associations between economic growth, policy uncertainty and the key domestic and international transmission channels, and transmission effects, of global financial regulatory and domestic macro-economic uncertainties on subdued and volatile economic recovery, financial channels, lending rate margins, and credit growth. The book concludes by extending its focus to the role of US monetary policy, capital flows and rand/US dollar volatility on the South African economy.

This book explores the political aspects of China's climate change policy, focusing on the newly established carbon markets and carbon trading schemes. Lo makes a case for understanding the policy change in terms of discourse and in relation to narratives of national power and development.

This book explores the diverse consequences of Presidents Obama and Castro brokering a rapprochement between the United States and Cuba after more than half a century of estrangement. Economic, political, social, and cultural dynamics are analyzed in accessible fashion by leading experts from Cuba, the United States, Europe, and Latin America. What opportunities arise through the opening of diplomatic relations, and what issues may be obstacles to normalization? What are the implications for the Cuban economy, for its political system, and for ties with members of the Cuban diaspora? What are the implications for US relations elsewhere in Latin America? This up-to-date account addresses these and other questions about this new direction in US-Cuban relations.

The book provides a detailed analysis of the nature and determinants of finance and trade and their relationship with Africa's competitiveness. Investment is examined in its various forms (financial vs. physical), and sources (private, public, domestic and FDI), as well as its relation to the size of domestic markets and export potential. The dimensions of trade related to financial development, trade costs, development of value chains and regional integration are also studied. The capacity of finance and investment to boost Africa's competitiveness is assessed to inform continent-wide economic policy.

This book brings together the work of researchers in Eastern and Western Europe, who analyze competitiveness, social exclusion and sustainability from a range of perspectives. It examines the key challenges faced by the EU in its efforts to establish a socially inclusive and greener path to growth and develops policy recommendations to simultaneously achieve the EU 2020 agenda's long-term goals and address the current economic crisis in Europe.

Elinor C. Ostrom, a Nobel prize winning political economist, made important contributions to common pool resources, economic governance, and polycentricity. Viviana A. Zelizer, a prominent economic sociologist, has done groundbreaking work on how culture shapes our economic lives. Together, the work of Ostrom and Zelizer spans the disciplines of economics, sociology, political science, and public policy by exploring the social relations and community-based organization of everyday life. Both scholars examine the norms, social connections, and cultural impacts of exchange and governance. This volume explores their contributions and builds off of their research programs to explore the social movements, community recovery, and war, and women's issues across a variety of disciplines, including economics, political science, sociology, history, and archaeology. Inspired by Zelizer's 2019 Ostrom Speaker Series lecture for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, this volume explores the connections between the work of Elinor Ostrom and Viviana Zelizer. Beginning with a lead chapter by Zelizer where she reflects on the connections between her work and Ostrom's oeuvre, the volume brings together scholars who tease out some of the important concepts and implications of Ostrom and Zelizer's research. This volume furthers economic inquiry by ensuring that the critical examinations of these timely and important themes are made available to students and scholars.

This book is the first of the two volumes featuring selected articles from the 14th Eurasia Business and Economics conference held in Barcelona, Spain, in October 2014. Peer-reviewed articles in this first volume present latest research breakthroughs in the areas of Accounting, Corporate Governance, Finance and Banking, Institutional and International Economics, and Regional Studies. The contributors are both distinguished and young scholars from different parts of the World.

This book demonstrates different statistical techniques for analyzing health-related data as well as providing new techniques for forecasting and/or projecting the incidence of diseases/disorders. It presents information on a variety of health related issues from the developed and developing world. Featuring cutting edge research from distinguished applied demographers and public health specialists, the book bridges the gap between theory and research. Each chapter provides methods and materials that can be used to conduct further research aimed at promoting public health issues. This book is intended for public health professionals, health policy makers, social epidemiologists, administrators, researchers, and students in the fields of applied demography and public health who are interested in exploring the potential of ground-breaking research or who want to further develop their existing research techniques. It complements another volume in the Applied Demography Series, Applied Demography and Public Health (Springer, 2013), which describes how applied demographic techniques can be used to help address public health issues.

During the 1990s Francis Fukuyama announced the end of history. The 2000s showed how it is an illusion to imagine a peaceful world without conflict. In this book the authors explore how six major constraints are set to fix the trajectory of the global economy. Three of them are new: the aging population, the failure of technical progress, and the scarcity of savings. The other three have been at work for some time: the explosion of inequality, the mass transfer of activities from one end of the world to the other, and the limitless financialization of economy. They suggest that like seismic activity which depends on pressure between tectonic plates, the political and social tensions will be exacerbated in the coming years by these major forces. They propose that authorities will be incapable of preventing neither the date nor the intensity of the coming earthquakes, and ask the question: Are we able to cope with these future shocks and the violence they are sure to cause?

Foreword by Prof. Kaushik Basu This book traces the development experience of one of India's most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab's economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab's economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state's economy.