Do you feel like we’re in a permacrisis? Chances are you feel some anxiety about the state of the world. Gordon Brown, Mohamed A. El-Erian and Michael Spence certainly did. Three of the most internationally respected and experienced thinkers of our time, these friends found their pandemic Zooms increasingly focused on a cascade of crises: sputtering growth, surging inflation, poor policy responses, an escalating climate emergency, worsening inequality, increasing nationalism and a decline in global co-operation. They shared their fears and frustrations. And the more they talked, the more they realised that while past mistakes had set the world on this bumpy course, a better path leading to a brighter future exists. Informed by their different perspectives, they sought a common goal: achievable solutions to fix our fractured world. This book is the product of that thinking.   At the heart of today’s permacrisis are broken approaches to growth, economic management, and governance. While these approaches are broken, they are not beyond repair. An explanation of where we’ve gone wrong, and a provocative, inspiring plan to do nothing less than change the world, Permacrisis: A Plan to Fix a Fractured World, written with Reid Lidow, sets out how we can prevent crises and better manage the future for the benefit of the many and not the few. The longer a problem goes unresolved, the worse it will get; that’s what happens in a permacrisis – and that’s why we must act now.

Do you feel like we’re in a permacrisis? Chances are you feel some anxiety about the state of the world. Gordon Brown, Mohamed A. El-Erian and Michael Spence certainly did. Three of the most internationally respected and experienced thinkers of our time, these friends found their pandemic Zooms increasingly focused on a cascade of crises: sputtering growth, surging inflation, poor policy responses, an escalating climate emergency, worsening inequality, increasing nationalism and a decline in global co-operation. They shared their fears and frustrations. And the more they talked, the more they realised that while past mistakes had set the world on this bumpy course, a better path leading to a brighter future exists. Informed by their different perspectives, they sought a common goal: achievable solutions to fix our fractured world. This book is the product of that thinking.   At the heart of today’s permacrisis are broken approaches to growth, economic management, and governance. While these approaches are broken, they are not beyond repair. An explanation of where we’ve gone wrong, and a provocative, inspiring plan to do nothing less than change the world, Permacrisis: A Plan to Fix a Fractured World, written with Reid Lidow, sets out how we can prevent crises and better manage the future for the benefit of the many and not the few. The longer a problem goes unresolved, the worse it will get; that’s what happens in a permacrisis – and that’s why we must act now.

'Emerson was really a working together - a sum total of all the life's paths, the working of karma and the fulfilling of pre-birth impulses and intentions of so many people, both staff and students. Every person who came to Emerson in some way touched it and changed it. Each year had its own biography. It was never an institution to which people came and passed through without leaving any mark on it.' - Michael Spence What was it about Emerson College that played such an important part in the lives of so many young people? Having joined the college early in its genesis, Michael Spence served as a key decision maker, administrator and teacher for more than a quarter of a century. In this first biography of Emerson, he gives a vivid picture of how the college came to be such a special place. But this is not a dry history of an organisation: it is brought to life with vibrant descriptions of many people, including the college's founders Francis and Elizabeth Edmunds and John Davy, but also students, teachers, cooks, gardeners, accountants, administrators, and many others. Michael Spence studies the anthroposophical spiritual basis that formed the bedrock of the college. As he states: 'It was the recognition of the reality of the spirit, which informed all aspects of the college life and organisation, that made it such a unique place to which so many people came. Did they find at Emerson an expression of something which, in their descent from spiritual worlds into this life between birth and death they had already sensed, of the social and spiritual life of humanity that was striving to come into being?'

Essays on aspects of early drama. Medieval English Theatre is the premier journal in early theatre studies. Its name belies its wide range of interest: it publishes articles on theatre and pageantry from across the British Isles up to the opening of the London playhouses and the suppression of the civic mystery cycles, and also includes contributions on European and Latin drama, together with analyses of modern survivals or equivalents, and of research productions of medieval plays. The articles in this fortieth volume engage with the key communities for early theatre: royalty, city and household, and religious institutions. Topics include the Royal Entry of Elizabeth Woodville into Norwich (1469); Henry VIII's Robin Hood entertainment for Catherine of Aragon; the sun's contribution to stage effects in the York Corpus Christi Play: the engagement with local worthies in Mankind; and the convent drama of Huy, in the Low Countries. Contributors: Aurelie Blanc, Philip Butterworth, Clare Egan, John Marshall, Olivia Robinson, Michael Spence, Meg Twycross.

In The Patron's Payoff, Jonathan Nelson and Richard Zeckhauser apply the innovative methods of information economics to the study of art. Their findings, written in highly accessible prose, are surprising and important. Building on three economic concepts--signaling, signposting, and stretching--the book develops the first systematic methodology for assessing the meaning of art patronage and provides a broad and useful framework for understanding how works of art functioned in Renaissance Italy. The authors discuss how patrons used conspicuous commissions to establish and signal their wealth and status, and the book explores the impact that individual works had on society. The ways in which artists met their patrons' needs for self-promotion dramatically affected the nature and appearance of paintings, sculptures, and buildings. The Patron's Payoff presents a new conceptual structure that allows readers to explore the relationships among the main players in the commissioning game--patrons, artists, and audiences--and to understand how commissioned art transmits information. This book facilitates comparisons of art from different periods and shows the interplay of artists and patrons working to produce mutual benefits subject to an array of limiting factors. The authors engage several art historians to look at what economic models reveal about the material culture of Italy, ca. 1300?1600, and beyond. Their case studies address such topics as private chapels and their decorations, donor portraits, and private palaces. In addition to the authors, the contributors are Molly Bourne, Kelley Helmstutler Di Dio, Thomas J. Loughman, and Larry Silver.

A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth--leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries--a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.

Investment banks play a critically important role in channeling capital from investors to corporations. Not only do they float and distribute new corporate securities, they also assist companies in the private placement of securities, arrange mergers and acquisitions, devise specialized financing, and provide other corporate financial services. After sketching the history and evolution of investment banking, the authors describe the structure of the industry, focusing on the competitive forces at work within it today. They explore patterns of concentration and analyze the strategic and economic factors that underlie those patterns. The authors directly examine the pairing up of investment banks with their corporate clients. They show that the market is sharply segmented, with banks and corporate clients being matched in roughly rank order, the most prestigious banks with the largest, most powerful clients, and so on. Vigorous competition occurs within each segment, but much less between them. With the industry now confronting a changing regulatory environment, a growing tendency of clients to arrange their own financing, and increasing competition both from within and from commercial banks and foreign institutions, Competition in the Investment Banking Industry is essential reading for anyone interested in the future of investment banking.

* What has been the evolution of poverty and equity during the recent globalizing decades? * How have poor countries fared on the Millennium Development Goals? * What role does wealth inequality play in the level and efficiency of investment and, hence, in economic growth? * Is gender equity a smart pro-growth strategy as well as a pro-poor one? * How is equality different from equality of opportunity, and should policy makers pursue one, the other, or both? * In formulating distributional strategies, should the middle class be integrally considered, or should the focus be entirely on the poorest of the poor? * What are the precise impacts of globalization on poverty and equity, and what are the policy implications of these impacts? * Is the problem with globalization that a key element is missing-the globalization of labor employment? * What is the role of international migration in the evolution of equity within and between nations? This book has been prepared for the Commission on Growth and Development to evaluate the state of knowledge on the relationship between poverty, equity, and globalization. It considers a range of questions on poverty and equity within nations, and the policy frameworks that can best address distributional concerns as the basis for a growth strategy. It also examines the important issue of equity between nations, in particular the possible role of international migration in alleviating this inequity. Written by prominent analysts in their fields, 'Equity and Growth in a Globalizing World' seeks to create a better understanding of the interactions between globalization, growth, and different dimensions of equity and poverty, and to inform policy makers of possible policy levers to address central concerns in the debates in this area.

- Does investing in health raise economic growth? - Can governments achieve rapid growth or high incomes without investing in health? - What are the options and benefits of different analytic approaches to measuring the causal link between health and growth? - Have medical advances influenced life expectancy levels? - Do health investments lead to higher individual productivity? - Why are investments in early childhood development and nutrition important? - How do governments invest in improving health status? - Where should governments invest in health to improve the welfare and health status of the population? - What are the pitfalls in public health care provision and finance? - How can public investments raise health status and household productivity? This book has been prepared for the Commission on Growth and Development to evaluate the state of knowledge on the relationship between health and economic growth. It does not pretend to provide all the answers, but it does review the evidence as well as identify insights and policy levers to help countries pinpoint critical health investments that can enhance and strengthen national growth strategies. It examines a variety of topics including policy imperatives in assessing the benefits of health investments, the methodological challenges in measuring the link between health and economic growth at the macroeconomic level, and the nature of the evidence on the types and timing of interventions that promote health, productivity, and earnings. Written by prominent academics in their fields, 'Health and Growth' seeks to create a better understanding of the role of health investments in growth and to inform policy makers of the benefi ts and pitfalls of alternative scenarios.

* Does leadership affect economic growth and development? * Is leadership an exogenous determinant or an endogenous outcome of growth and development processes? Can we differentiate between the two? * Do leaders' decisions and actions vary in importance over various stages in the process, at least in successful cases? * How important is choosing the right economic model? * To what extent does leadership affect the explicit or implicit time horizons of policy choices? * Is leadership an important determinant of inclusiveness in growth? * In what ways do leaders build consensus or institutions to allow time for the economic plan to work? * What challenges does economic success generate? * How do successful leaders adapt to new problems such as income inequality and a rising middle class? * Does the creation of new institutions play any role in solving these problems? * Why do leaders often choose second best political economic compromises in economic development? This book has been prepared for the Commission on Growth and Development to evaluate the state of knowledge on the relationship between leadership and economic growth. It does not pretend to provide all the answers, but does review the evidence, identify insights and offers examples of leaders making decisions and acting in ways that enhance economic growth. It examines a variety of topics including leaders' roles in: promoting national unity, building good solid institutions, choosing innovative and localized policies, and creating political consensus for long run policy implementation. Written by prominent academics and actual policy makers, Leadership and Growth seeks to create a better understanding of the role of leadership in growth and to encourage further studies of the role of leadership in economic growth.

*What were the causes of the financial and economic crises of 2008-2009? *What intellectual and policy mistakes prevented academics and policymakers from anticipating the crisis? *What is the future of financial regulation both domestic and international? *What role did global macroeconomic imbalances play in the run-up to the crisis? *What is the future of the export-led growth model and what are the implications for developing countries? *To what extent will government remain involved in the economy as a result of the crisis? *What is state of infrastructure policy and the outlook for growth-promoting infrastructure spending? *What is the appropriate role of countercyclical fiscal policy in stimulating growth? *What are the long term challenges to growth? *How will climate change dynamics affect developing country growth in the future? *How will evolving demographic trends affect labor markets and what are possible policy steps to mitigate projected declines in economic growth? This book has been prepared for the Commission on Growth and Development to evaluate the prospects for economic growth in developing countries in the wake of the world financial and economic crises of 2008-2009. It considers a range of questions, particularly with regard to the future of globalization and the policy implications of the crisis. It considers the important issues pertaining to short-term, medium-term, and long-term growth and puts forward the latest policy ideas for fostering sustained economic growth in the developing world. Written by prominent academics, policymakers, and practitioners, the contributions to 'Globalization and Growth' seeks to create a better understanding of the evolving dynamic of globalization and economic growth, with particular regard to developing countries, and to inform policy makers of possible policy levers to address central concerns in this area."

With the nations of the world becoming more interdependent, it is imperative to take international influences into account in understanding the organization of industry within a country. This book extends the structure/conduct/performance framework of analysis to present a fully specified simultaneous equation model of an open economy-Canada. By estimating a system of equations of all the major variables, the authors can identify which variables are dependent and which are independent. They are thus able to assess the relative importance of such factors as seller concentration, import competition, retailing structure, advertising expenditure, research and development spending, and technical and allocative efficiency in shaping the organization of industry in Canada. In addition, using both industry-level and firm-level data, the authors develop methods for assessing the effect of structural variables on diversification strategies and the consequences for market performance. They also study the effects of such variables on firms' access to capital markets. The book concludes with a discussion of the implications of the findings for government policy.

This book consists of a careful analysis of the comparative advertising directive, giving background both to the regulation of comparative advertising in the United Kingdom and Germany and to the passing of the directive. It will bring to a UK reader the latest in thinking on comparative advertising from Germany, where the directive has been the subject of very extensive recent debate. The book also has four appendices in which UK, German and European material is given (all in English). The directive applies to any advertisement (or indeed any representation of any kind made to promote goods or services) that explicitly or implicitly identifies a competitor. It therefore has the potential to regulate such claims as "the best bookseller in Oxford" and could have a dramatic effect on UK advertising practice. It is an important first step in the Commission's programme of unfair competition harmonisation.

One party induces an assumption in the mind of another. Australian law has arguably given expression to three moral duties relating to induced assumptions: the duty to keep promises, the duty not to lie and the duty to ensure the reliability of induced assumptions. This book expounds the third of these duties and shows how it can be used to shape "equitable" estoppel, a doctrine emerging from the decisions of the High Court of Australia in Waltons Stores and Verwayen. It does not purport to cover the entire law of estoppel, but does examine, analytically, how the doctrine might operate in a series of problematic cases at the edge of contract law.

This book in three sections uses formally written poems-rhymed quatrains, sonnets, terza rima, blank verse-to link the relationship between the poet and his mother with the wider world derived from a rare definition of umbilical: "descended through the female line." "Motherlands" deals with the connection of physical and mental landscapes. "Mother Tongues" focuses on language, spoken and unspoken. And "Blood Mothers" concentrates on flesh-and-blood mothers, whose support and inspiration help to shape our first thoughts. The poems move among scenes as varied as World War II, divorce, the Vietnam War, 9/11, and the imagined end of the world. The book concludes with a crown of sonnets about the poet's mother and his childhood in the South, showing in its way how all human life begins as female. Umbilical is the fifteenth winner of the annual New Criterion Poetry Prize. The New Criterion is recognized as one of the foremost contemporary venues for poetry that pays close attention to form. Building upon its commitment to serious poetry, The New Criterion established this annual prize in 2000.

To offer a core concept of intellectual property, to consider various justifications for the recognition of intellectual property rights and to expound their operation in particular areas of activity is the purpose of this book. It is essential to examine both the concept of intellectual property and the reasons why a legal system might incorporate such a concept. We are increasingly told that the wealth of nations consists in 'intangible assets'. These are the intangible products of human creativity, ingenuity and effort. It is frequently argued that these assets represent the future of the developed economies and that their adequate protection by the intellectual property regimes is essential to national, regional, and even global, prosperity. We are also told that the creators of such assets have a strong moral claim to them, and that developed legal systems should recognise this claim. This text examines the ethical issues and debates surrounding intellectual property law and focuses on three aspects of the major intellectual property regimes: subject matter; the allocation of the first ownership of rights; and the scope of protection. These three aspects of the major regimes provide readers with a strong sense of the shape and purpose of the most important intellectual property systems.

To offer a core concept of intellectual property, to consider various justifications for the recognition of intellectual property rights and to expound their operation in particular areas of activity is the purpose of this book. It is essential to examine both the concept of intellectual property and the reasons why a legal system might incorporate such a concept. We are increasingly told that the wealth of nations, consists in 'intangible assets'. These are the intangible products of human creativity, ingenuity and effort. It is frequently argued that these assets represent the future of the developed economies and that their adequate protection by the intellectual property regimes is essential to national, regional, and even global, prosperity. We are also told that the creators of such assets have a strong moral claim to them, and that developed legal systems should recognise this claim. This text examines the ethical issues and debates surrounding intellectual property law and focuses on three aspects of the major intellectual property regimes: subject matter; the allocation of the first ownership of rights; and the scope of protection. These three aspects of the major regimes provide readers with a strong sense of the shape and purpose of the most important intellectual property systems.