In a unique undertaking, Andrew Yuengert explores and describes the limits to the economic model ofthe humanbeing.He develops a careful accoun of human action and motivation known as a background account that is both non-mathematical and comprehensive. Approximating Prudence provides an alternative account of human choice, to which economic models can be compared.Yuengert emphasizes those aspects which are most likely to contrast with the economic account of choice: the nature of the ends of practical wisdom; the necessity to act in highly contingent environments; practical wisdom as virtue; the synthetic character of choice; and the unformulability of practical wisdom. He then presents a clear account of practical wisdom, emphasizing those aspects which resist mathematical modeling. Economists have attempted in the past to explain human choice based on the boundaries of practical wisdom, but this book will map the limits of those economic models.

This book focuses on the role of economic and political institutions in economic development. The book offers fresh perspectives on the issues facing less-developed countries and the elements influencing their outcomes. The text includes chapters on democracy, property rights, and economic freedom, and uses diverse methodology such as case studies, spacial econometrics, and cross-country analysis. The volume features the work of prominent scholars in the area of institutional analysis such as Mohammed Akacem, Christopher Coyne, and Andrew Young as well as a number of junior scholars. This book will be useful for researchers and students interested in economic development and institutional analysis in general, in addition to individuals with a specific focus on countries or regions such as Iraq or sub-Saharan Africa.

This study examines the collective progression of Islamic politics between points of dissent and positions of power. It brings about a more a serious understanding of Islamic politics by critically tracing the pathways by which Islamic politics has been transformed in the Middle East and Asia.

This book presents a systematic collation of the regional and global dimensions of the leadership role of BRICS countries (Brazil, Russia, India, China and South Africa). It analyses the rising regional and global leadership of BRICS, using specific benchmarks to gauge the nature of this leadership. The elements examined include willingness to lead, the capacity to do as much, and the degree to which the given actor is accepted as a leader both within and beyond its region. The chapters in the book capture the nature of trends in regional and global leadership within the contexts of a changing international order. It is taken for granted that Brazil, Russia, India, China and South Africa are now engineering a unique pool of governance that is seeking alternatives to the current order of global economic and political affairs. The fact that these countries have jointly decided to forge ahead with the BRICS constellation of states that is now taking consequential decisions such as the creation of the BRICS' New Development Bank, is not to be treated lightly. In this book the majority of papers take a step back and systematically analyse the real state of the leadership that is provided by the BRICS on a litany of regionally and globally relevant issues. While no one doubts the fact that these countries have the capacity to provide leadership especially in their various regions on many issues, what remains moot is whether they are willing and capable to do so at the global level. Even in those cases where there is the willingness and capacity, the book argues that the acceptance of such leadership by potential followers is not always a given.

This book presents a number of key studies pertaining to the most pressing challenges of economic regional integration in West Africa. The issues of monetary coordination, foreign exchange volatility, taxation, savings and macroeconomic convergence are investigated from a regional perspective. The characteristics of West Africa s trade policy are reviewed and assessed in comparison to that of the Southern African Development Community (SADC). The extent to which regional integration can tackle the challenge of unemployment is the focus of studies on labour markets. Development of the private sector and coordination of regional cross-border transportation are examined through the lens of economic collaboration between Arab and African countries. The book provides fresh new answers to persistent development questions and sheds new light on long-held views that are either incomplete or no longer true. It also opens new perspectives on the search for sustainable avenues for Africa s development. In this regard, it may contribute to the emergence of a new paradigm on Africa s development process and its science-based, policy-oriented implementation."

William Mott examines the relationships between economic growth and international conflict in history and theory, developing and analyzing a set of observed empirical modern growth-conflict relationships over long periods, and presenting an explanation of the observations. After introducing the growth-conflict relationship as the unit of analysis, he identifies historical perceptions of the growth-conflict relationship from ancient times through the modern era. Mott offers an alternative theoretical construct for further investigation, and speculates about the impact of these results on orthodox political-economic theory. The results of this work carry powerful implications for national management of foreign direct investment and trade in both home countries and host nations.

The purpose of this volume is to explore sustainable innovation and "fair development" in China. It examines various existing problems currently faced in China, such as food safety, education, healthcare, employment, housing, the environment and censorship, among others, and provides different perspectives in relation to fair development. Topics covered include coordinated governance, energy consumption and policy, dynamic sustainability, green marketing, and people-oriented education. While the focus of the volume is on China, the research process and structure presented can also be used to explore fair development in other emerging economies. Fair development is a framework that includes such principles as sustainability, with particular respect to the implications for human development in the context of available opportunities, resources, and outputs. China, the world's second largest economy, continues to face several challenges when pursuing sustainable development, such as unbalanced growth pressure in the central and western regions and rural areas of China, the fragility of the natural environment, and resource constraints and structural problems in economic and social development. It is a crucial mission for China to sustain economic growth without sacrificing environmental sustainability or human rights. For example, there is increasing pressure on China to reduce its dependence on fossil energy. Therefore, innovations in technologies, management, and even systems are critical to drive a transition to low-carbon energy, which will be a long-term process. Featuring contributions from a diverse group of researchers from multiple disciplines, this volume provides a comprehensive collection of perspectives on economic, political, and social development in China.

Using fresh evidence and a novel methodological framework, this book sheds light on how institutions have driven economic reform in China's urban housing sector. The book systematically analyzes the developmental role of the state in China, with rich empirical evidence to show how decentralization has brought about significant participation by the different levels of government with the central, provincial and municipal governments focusing on initiation, intermediation and implementation roles respectively. Despite many Western analysts claiming that it is single complex superstructure, the institutionalization of governance structures in China following reforms has taken place through strong coordination between governments at different levels to meet targeted plans. Although China still has a long way to go to before it can be considered developed, this book elaborates on how the country offers a unique alternative for other states seeking to develop by striking a balance between capitalist and socialist instruments.

This book treats the notion of morphisms in spatial analysis, paralleling these concepts in spatial statistics (Part I) and spatial econometrics (Part II). The principal concept is morphism (e.g., isomorphisms, homomorphisms, and allomorphisms), which is defined as a structure preserving the functional linkage between mathematical properties or operations in spatial statistics and spatial econometrics, among other disciplines. The purpose of this book is to present selected conceptions in both domains that are structurally the same, even though their labelling and the notation for their elements may differ. As the approaches presented here are applied to empirical materials in geography and economics, the book will also be of interest to scholars of regional science, quantitative geography and the geospatial sciences. It is a follow-up to the book "Non-standard Spatial Statistics and Spatial Econometrics" by the same authors, which was published by Springer in 2011.

European social democracy is in crisis. In the last decade it has ceased to be about either society or democracy. The authors explore its values, how it can be revived and what kind of political economy it requires to thrive. This book includes a foreword by the two leaders of the 'Building the Good Society' project, Andrea Nahles and Jon Cruddas.

This book examines in detail the planning and modelling of local infrastructure like energy systems, including the complexities resulting from various uncertainties. Readers will discover the individual steps involved in infrastructure planning in cities and territories, as well as the primary requirements and supporting quality factors. Further topics covered concern the field of uncertainty and its synergies with infrastructure planning. Theories, methodological backgrounds and concrete case studies will not only help readers to understand the proposed methodologies for modelling and uncertainty analysis, but will also show them how these approaches are implemented in practice.

The end of the Cold War in 1989 gave rise to hopes for a new, more peaceful international system and for the redirection of military expenditures--over one-half of annual U.S. federal discretionary spending--toward education and health care, renewing the nation's infrastructure, environmental mitigation, and alternative energy sources. At the beginning of the 21st Century, U.S. military spending remains stuck at 85% of the Cold War average. Why? As Accordino explains, at the federal level, the Iron Triangle comprised of the Pentagon, defense contractors, and a conservative Congress maintained defense spending at Cold War levels, encouraging contractors to stay focused on defense. When some procurement cutbacks and base closures occurred, growth interests recruited lower-wage branch plants, sports, and entertainment facilities, rather than supporting the hard work of defense conversion that creates higher-paying jobs. Nevertheless, some defense contractors and community interests did embrace conversion, showing remarkable potential. Of particular interest to scholars and researchers involved with urban and regional planning, public administration and local politics, and regional economic development.

The British economist Arthur Cecil Pigou (1877-59) reconceptualized economics as a theory of economic welfare and a logic of policy analysis. Misconceptions of his work abound. This book, an essay in demystification and the first reading of the entire Pigouvian oeuvre, stresses his pragmatic and historicist premises.

This edited volume assesses from a variety of perspectives the policies introduced to support the development of household services across Europe. It highlights the impact of these costly policies on the creation of low quality jobs and on labour market dualisation, and questions their social and economic outcomes.

This book compares the cross-border integration of infrastructures in Europe such as post, telecommunication and transportation in the 19th century and the period following the Second World War. In addition to providing a unique perspective on the development of cross-border infrastructures and the international regimes regulating them, it offers the first systematic comparison of a variety of infrastructure sectors, identifies general developmental trends and supplies theoretical explanations. In this regard, integration is defined as international standardization, network building and the establishment of international organizations to regulate cross-border infrastructures.

This book offers an analysis of European capitalist welfare societies, centering on the questions of sustainability and the financing of social rights. Capitalism is defined as a multi-model economy, comprising of a market economy (including production, distribution and exchange), a state welfare economy (based on compulsory transfers, such as taxes and social contributions), a household economy and a voluntary economy. The resources for the welfare economy are produced by some activities of the life course, and used by other activities, once rights over these resources are acquired. Setting out a new conceptual framework that integrates an adapted version of the theory of instituted economic processes with the changing structuration of the life course in European countries, the book argues that European capitalist welfare societies are not sustainable in their present form and that the future financing of social rights is conditional on substantial transformations. The book also analyzes relevant data on the socio-economic positioning of women and migrants.

Financial analysis, based on ratio analysis, has been used as a tool for analyzing the financial strength of corporations. Although ratio analysis is generally used as a univariate strategy, the accounting and finance literature has evolved to include multivariate-based models in financial analysis, and these models can be used to explain important economic events and often predict them. Thus, in an exhaustive coverage of the economic events to which they can be applied, Riahi-Belkaoui discusses these models in a way that will have special value to corporate management, financial planners, and to their colleagues in the academic community who specialize in business and economic analysis.

This thought-provoking monograph analyzes long- medium- and short-term global cycles of prosperity, recession, and depression, plotting them against centuries of important world events. Major research on economic and political cycles is integrated to clarify evolving relationships between the global center and its periphery as well as current worldwide economic upheavals and potential future developments. Central to this survey are successive waves of industrial and, later, technological and cybernetic progress, leading to the current era of globalization and the changes of the roles of both Western powers and former minors players, however that will lead to the formation of the world order without a hegemon. Additionally, the authors predict what they term the Great Convergence, the lessening of inequities between the global core and the rest of the world, including the wealth gap between First and Third World nations. Among the topics in this ambitious volume: * Why politics is often omitted from economic analysis. * Why economic cycles are crucial to understanding the modern geopolitical landscape. * How the aging of the developed world will affect world technological and economic future.< * The evolving technological forecast for Global North and South. * Where the U.S. is likely to stand on the future world stage. Economic Cycles, Crises, and the Global Periphery will inspire discussion and debate among sociologists, global economists, demographers, global historians, and futurologists. This expert knowledge is necessary for further research, proactive response, and preparedness for a new age of sociopolitical change.

What if we could turn back the clock to a time when jobs were plentiful, when tax revenue was high, and when people could look forward to retirement?

E.A. Madden asks these questions and explains where our leaders went wrong and why they abandoned the middle class. His how-to guide provides step-by-step strategies to bring U.S. prosperity back to all its citizens, not just a chosen few.

In a book packed with solutions to today's problems, you'll discover:

a convincing history of events that led to the nation's current political and economic problems;

the economic policies of former presidents;

strategies to restore general prosperity and preeminence in the world;

simple actions to bring jobs back to the nation.

This book is for anyone concerned about his or her job and the future of the country.

Written with nonpartisan candor and a dry wit, this how-to guide provides an assortment of ideas to help the country. It all begins with realizing that "It's the Jobs, Stupid."

itsthejobsstupid.com

The media industry is in transition. While some changes are readily apparent, we have not even begun to understand the impact of others. The result is one of the most fascinating times in the history of media. As digital technologies accelerate the pace of change in all facets of our lives, researchers and practitioners are exploring its impact on traditional media and social interaction. Transitioned Media brings together leading academics and media industry executives to identify and analyze the most transformative trends and issues. Themes include the effect of digital technologies on consumer behavior, new approaches to advertising and branding, social networks, the blogosphere and impact of "citizen" journalism, music and intellectual property rights, digital cinema, and video games. Underlying the chapters is an economic perspective, with an emphasis on how new business models are being developed that take the social dimensions of digital technologies into account. The result is a unique perspective on the digital media landscape and the forces that will shape it in the future.

The study deals with challenging questions of long-term future of global economy and the mankind. Focusing not only on what happens in the economic sphere but also on cultural, social, political, demographic, technological, and ecological processes. It employs a holistic approach to answer fundamental questions about the course of the future.

This compelling volume analyzes the wide-scale societal impact of neoliberal economic policy on contemporary life and behavior. Synthesizing perspectives from politics and economics with insights from psychology and linguistics, it argues that market-driven public institutions promote antisocial thinking, discourage critical reflection, and inure individuals to inequity and cruelty. Chapters cite the ubiquity of violence in modern society, from the marketing of the military to impersonal mass upheavals in the job market, as devaluing human worth and thus self-worth. But the editors also assert that these currents are not terminal, and the book concludes by identifying conditions potentially leading to a more civil and egalitarian future. Included in the coverage: The language of current economics: social theory, the market, and the disappearance of relationships. Neoliberalism and education: the disfiguration of students. Slicing up societies: commercial media and the destruction of social environments. Neoliberalism and the transformation of work. Economics, the network society, and the ontology of violence. A new economic order without violence. Given the centrality of economic events on the global stage, Neoliberalism, Economic Radicalism, and the Normalization of Violence stands out as both a springboard for discussion and a call to action, to be read by political and cultural economists, political scientists, and sociologists.

Thisbook considers the ability and capacity of the food supply system in Australia to provide food security for the ever-increasing domestic and international population in the face of growing challenges in production, resource supply and failures within the food system itself. Although Australia is a net food exporting country, domestic food insecurity exists and will increase as food prices rise in the coming decades. An overview of the food supply system highlights the main challenges that are determining the future. Many of these challenges can be resolved by the Australian government, but others are in the hands of global governance to which Australia can only adapt. This booksheds light on the challenges and discusses the prospects for developing more sustainable and resilient future food systems in Australia. In addition, it covers food security and sovereigntyissues under the heading of food equity and access, food production, policy and trade, and impacts of land use planning on agriculture.

The unique features of the book include the following:

Most literature on food security pertains to developing countries. By way of contrast, thisbookexplores food security in a developed nation (Australia) that seemingly should not have food security issues. The topics covered in the book are relevant to other developed nations with growing populations and resource management challenges.

The book chapters are written by specialists to paint a comprehensive picture of the political, social, economic and environmental issues that give rise to food insecurity, and the challenges these issues present to the security of the food system in coming decades. The overall organization of the book uses a theoretically informed and multi-disciplinary approach. This enables a critical and in-depth analysis of food security by outlining the key challenges as well as prospects for the development of more sustainable and resilient agri-food systems.

Thethree principal topics in the book are dealt with by a multi-disciplinary team of authors in a way that teases out diverse points of view illustrating the complexity of food security. Author disciplines include health and nutrition, agriculture, ethics, social science, law, and practitioners managing food aid programs.

The book shows how food security relates to many technical, social and moral issues in society and how it is possible to develop successful programs to improve food security."

The development of modern biotechnology has varied considerably from country to country. Typically, there are wide technology gaps between developing and industrialised countries and considerable differences in investment and regulatory systems, often creating a need for policy intervention. This innovative book examines the development and evolution of biotechnology in industrialised and developing countries. The author first explores efforts made by policymakers and the leaders in the field to reduce technology gaps, and analyses the development of financial mechanisms and regulatory frameworks to hasten the adoption and diffusion of biotechnology. The second section looks at the relationship between biotechnology and its resource base, biological diversity. The author emphasizes the interdependency between biodiversity and biological R&D in an attempt to simplify the debate on the conservation of biological diversity. The last section focuses on the potential positive and negative impacts of biotechnology and its contribution towards sustaining biodiversity. The Emergence and Growth of Biotechnology will be of great interest to undergraduate and postgraduate economics students interested in the economics of technology, economic development and biotechnology and environmental conservation.

The volume brings together cutting-edge political economy analyses of the Palestinian people: those living in the occupied territory of the West Bank and Gaza Strip, those living within Israel, and refugees in Arab states. It is a must-read for those who wish to understand the historical origins and contemporary realities that face Palestinians.