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Winner of the 2006 Schumpeter Prize Competition. Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In "Competition and Growth," Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same timemitigating the negative effects competition and imitation may have on some sectors or industries.

This book provides the ideal starting point for trainees and practitioners needing a no-nonsense, clear guide to the basics of CBT. It will equip them with the knowledge and know-how, covering all the main theory and competencies to help them practice CBT effectively and confidently. Focusing on case formulation, the authors show readers how to build a 'picture' of each client, using their case history to inform interventions. Features such as exercises, case dialogues, summary boxes, and further reading lists help to enhance and cement learning. This third edition includes updated references, further reading and exercises, and new content on: * The difficulties and drawbacks of CBT * The differences between formal CBT and informal CBT * The therapeutic relationship * Further discussion of specific formulations * Compassionate interventions with negative thoughts.

This book provides the ideal starting point for trainees and practitioners needing a no-nonsense, clear guide to the basics of CBT. It will equip them with the knowledge and know-how, covering all the main theory and competencies to help them practice CBT effectively and confidently. Focusing on case formulation, the authors show readers how to build a 'picture' of each client, using their case history to inform interventions. Features such as exercises, case dialogues, summary boxes, and further reading lists help to enhance and cement learning. This third edition includes updated references, further reading and exercises, and new content on: * The difficulties and drawbacks of CBT * The differences between formal CBT and informal CBT * The therapeutic relationship * Further discussion of specific formulations * Compassionate interventions with negative thoughts.