Search

This book presents selected papers from the 26th and 27th Eurasia Business and Economics Society (EBES) Conferences, held in Prague, Czech Republic, and Bali, Indonesia. While the theoretical and empirical papers gathered here cover diverse areas of economics and finance in various geographic regions, the main focus is on the latest research concerning banking and finance, as well as empirical studies on emerging economies and public economics. The book also includes studies on political economy and regional studies.

This book contains eight papers focusing on factors associated with the growth of government. There is a large literature in public economics, especially public choice, on the determinants of the growth of government. The papers in this volume focus on a number of arguments related to why government has grown in many developed countries during the nineteenth and twentieth centuries. Chapters focus on taxation, trade openness, technology, income changes, and tax compliance. The volume features prominent scholars such as Nobel Laureate Gary Becker, Casey Mulligan, Gordon Tullock, Randall Holcombe, and Tyler Cowen.

Agent-based modeling/simulation is an emergent approach to the analysis of social and economic systems. It provides a bottom-up experimental method to be applied to social sciences such as economics, management, sociology and politics as well as some engineering fields dealing with social activities. This book includes selected papers presented at the Eighth International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Tokyo, Japan, in 2013. At the workshop, 23 reviewed full papers were presented and of those, 13 were selected to be included in this volume.

The International Summer School on Mathematical Systems Theory and Economics was held at the Villa Monastero in Varenna, Italy, from June 1 through June 12, 1967. The objective of this Summer School was to review the state of the art and the prospects for the application of the mathematical theory of systems to the study and the solution of economic problems. Particular emphasis was given to the use of the mathematical theory of control for the solution of problems in economics. It was felt that the publication of a volume collecting most of the lectures given at the school would show the current status of the application of these methods. The papers are organized into four sections arranged into two volumes: basic theories and optimal control of economic systems which appear in the first volume, and special mathematical problems and special applications which are contained in the second volume. Within each section the papers follow in alphabetical order by author. The seven papers on basic theories are a rather complete representative sample of the fundaments of general systems theory, of the theory of dynamical systems and the theory of control. The five papers on the application of optimal control to economic systems present a broad spectrum of applications.

This book examines the economic, social and political thought of two highly influential cross-disciplinary contributors to the debate in the United Kingdom about welfare economics, social welfare, nationalisation and public policy. Active between the 1880s and the 1930s, their many books, papers, lectures and speeches shaped the discourse on heterodox economics, social democracy and the managed economy. The Webbs sat on Royal Commissions, permeated local and central government, and were instrumental in the creation of the London School of Economics. This book discusses and assesses their contribution to the broad topics of inequality, poverty, unemployment, freedom, capitalism, socialism, constitutional reform, social evolution and the historical school. Issues such as these remain at the forefront of contemporary discussions not just in Britain but throughout the world.

This book offers detailed analysis and informed comment on the future of emerging economic policies. It is essential reading for all postgraduates and scholars looking for expert discussion and debate on the issues surrounding economic policy.

This book provides fresh insights on Piero Sraffa's work, by examining previously unpublished papers from Sraffa archives. It offers new perspectives on the connection between Sraffa amd Marx, and examines Sraffa's approach to money, the role of equilibrium and of the surplus in economic theory.

Fiorenza Belussi, Giorgio Gottardi, and Enzo Rullani This volume collects some papers presented at the Vicenza conference'The Future of Districts', held in June 1999, organised by the Department of Technology and Management of Industrial Systems of the Faculty of Engineering of Padua University, with the collaboration of several engineers, industrial economists, and experts in the issue of technology management. This was the starting point of a long-lasting and painful colIective discussion, the results of which are documented here, during many meetings of this'itinerant'group, including the workshop in Padua, organised by Professor Luciano Pilotti and held in May 2001,'Systems, governance & knowledge within firm networks'at the Department of Economics of the University of Padua, and the recent international research seminar, held in May 2002, in Rome at the Tagliacarne Institute, within the EU sponsored project'Industrial districts're­ location processes: identifying policies of EU enlargement West-East ID'. The reason we decided to organise this book was not only to underline the importance of the industrial district (ID) model as a tool of propulsive local growth in a country like Italy. On the contrary, the idea that moved us was the theoretical dissatisfaction with the way in which the phenomenon of local development and industrial clustering of specific industries was treated in the international approach of the various disciplines.

In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle'astounded many observers around the world, raised questions about the stability of the international financial system and caused widespread fear that this financial crisis would spread to other countries. What has been called the Asian crisis followed a prolonged slump in Japan dating from the early 1980s and came after the Mexican currency crisis in the mid-1990s. Thus, the Asian crisis became a major policy concern at the International Monetary Fund as well as among developed countries whose cooperation in dealing with such financial crises is necessary to maintain the stability and efficiency of global financial markets. This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago and the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants included a broad range of academic, industry, and regulatory experts representing more than thirty countries. Topics discussed included the origin of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an international safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations. Because the discussions of these topics include a wide diversity of critical views and opinions, the book offers a particularly rich presentation of current and evolving thinking on the causes and preventions of international banking and monetary crises. The book promises to be one of the timeliest as well as one of the most complete treatments of the Asian financial crisis and its implications for future policymaking.

Innovation networks are a major source for acquiring new information and knowledge and thus for supporting innovation processes. Despite the many theoretical and empirical contributions to the explanation of networks, many questions still remain open. For example: How can networks, if they do not emerge by their own, be initiated? How can fragmentation in innovation systems be overcome? And how can networking experience from market economies be transferred to the emerging economies of Central and Eastern Europe? By presenting a selection of papers which address innovation networking from theoretical and political viewpoints, the book aims at giving answers to these questions.

This e-book addresses the issue of emotion in healthcare organization. It reflects a more general and growing interest in the role of emotion across a range of academic disciplines. The articles selected for inclusion in this e-book therefore trace both the interpersonal nature of emotion, as well as how it can also span the individual and the organizational setting. In addition there are articles which look at the bridges into both the shadowy areas of organizational life like gossip, as well as the interface between personal and professional lives. The papers indicate a shared international.

This paper presents and discusses the rent-seeking process that occurred during Franco's regime in Spain (1939-1975). Once the Civil War (1936-1939) was over, those who won the war (militiaman, right-wing factions) took control of the key positions in the new government. That meant the transfer of rents from the budget to veterans of war and their relatives, fuelled by the creation of an increasingly strong and well-organised interest group. The author takes a public-choice approach and is inspired by a similar study by R. Holcombe on the American Civil War. Previously published in: The Intern.

This book offers a research-based, holistic overview of the entire value chain of the global food industry. It captures and defines over 80 contemporary ‘megatrends'in agriculture and the food market that can be empirically documented and have a major impact on business, economies, industries, societies, and individuals. Today the world is characterized by more uncertainty and unpredictability than in previous periods. In the midst of these changing times, the book demonstrates how a number of more stable trends still exist within global agriculture, which can be important indicators in both the short and long term. The book highlights how developments in agriculture, the food industry and food markets have a central position in policy debates around climate change, sustainability, food crises, hunger, and food supply, and shows how by identifying various megatrends and their underlying economic drivers, as well as potential disruptive forces, we can reduce both risk and vulnerability in the future. Megatrends within consumption, food loss, food crises, international trade, retail industry and ownership of farms are discussed and their relevance illuminated for a wide range of stakeholders, including policy-makers and agri-businesses, as well as farmers and consumers. This book will be a useful resource for researchers in agricultural and environmental economics, as well as policy-makers and professionals in agri-food organisations and public food institutions. This is an open access book.

This book offers a deparochial account of global justice and addresses disenchantment stemming from its West-centricity and provincial theoretical formulations. As the recurring global poverty debate restricts the duties of alleviating poverty and inequality to the developed world, this book attempts to broaden the spectrum of duties to the superrich of the developing world. Drawing from the case study of India's superrich as an exemplar of the potent agency of rising powers, the book examines the structural relationship between unbridled affluence and the (un)realisation of the human rights of the poor. It contends that India's superrich, like their counterparts in other powerful developing countries, both contribute as well as benefit from the highly decentralised global economic order that (re)produces affluence of the few and deprivation of the many within these countries. In doing so, this book argues that the superrich have a positive duty to alleviate poverty and reduce inequality beyond their free-standing moral responsibility for philanthropy.

This book provides a comprehensive global coverage of energy management as it relates mostly to developing countries. In an era of unprecedented global population growth, the demand for energy has reached staggering levels. The United Nations reported an enormous 200% increase in population between 1950 and 2020, with projections indicating a further rise to 10.9 billion by 2100. As a direct consequence, global primary energy usage has surged from 3701 Mtoe in 1965 to 13511 Mtoe in 2017, putting immense strain on existing energy sources. If current growth rates persist, these sources could be depleted within a mere 130 years. To address this impending crisis, governments worldwide have implemented regulations and incentives to promote energy conservation. While numerous studies and publications have emerged within the field of energy management, there remains a significant research gap, particularly concerning the energy challenges faced by developing countries. Existing edited books on energy-related topics often narrowly focus on specific aspects, hindering readers from gaining a holistic understanding of energy management challenges and potential solutions. This book fills this void. Recognizing the pivotal role these nations play in achieving sustainable development goals, this book provides a wide-ranging perspective on the trends, challenges, and potential solutions to energy crises in these regions. It not only acknowledges the challenges faced by developing countries but also offers viable strategies to address them. The editor, leveraging his successful leadership experience in global academic endeavors, including publishing a book on Occupational Safety & Health practices during the COVID-19 era and coordination of multinational research projects, is well positioned to bring together exceptional chapters from various countries. His extensive network ensures the inclusion of diverse perspectives, enriching the book's content and offering invaluable insights to readers. Designed for a broad readership, including energy industry organizations, professionals, researchers, government bodies, policymakers, and students, this book delves into a wide array of energy management issues. By facilitating a comprehensive understanding of the subject, it equips readers with the knowledge and tools necessary to navigate the complex landscape of energy management in the modern world.

To mark the 300th anniversary of Adam Smith's birth, the 37th Heilbronn Symposium on Economics and the Social Sciences was dedicated to his outstanding oeuvre, but above all to his most famous work, “An Inquiry into the Nature and Causes of the Wealth of Nations” (1776), which is regarded as a keystone of modern economics. The influence of Smith's doctrine has made a lasting contribution to the development of a modern understanding of society and the economy and, in particular, the functioning of markets. This is not least because of the breadth of his approach, with overlaps between political economy, social philosophy and ethics. The planned volume builds on the current state of Smith research and also provides new insights into the dissemination of Smith's ideas in German-speaking countries, but also in Scandinavia and Eastern Europe.

This textbook offers a comprehensive introduction to Political Economy. It combines comparative,international and historical perspectives into a holistic framework of analysis. Drawing on the workof Karl Polanyi, the book shows how capitalist economies differ around the globe and how they areembedded in the international economic order. Through a critical-institutionalist lens, it helps toaccount for the evolution of contemporary capitalism and addresses current topics at the intersection of political science and economics.Students and instructors can draw on supplementary material, such as Power Point slides withall figures and tables as well as the Springer Nature Flashcards app with exercises.

This is the second volume of a two-part series on Concordian economics, an innovative paradigm that builds upon the Aristotelian-Aquinian tradition of economic justice. Having introduced Concordian economics in the first volume as a compelling research paradigm that addresses the limitations of mainstream economics, this second installment takes the exploration further by examining its real-world applications in four policy areas.With a focus on industrial organization, labor markets, monetary, and fiscal policy, the author advocates for a transformative approach to economic rights and responsibilities. By promoting a moral economy, this book offers a substitute to the Pac-Man approach to industrial organization. The book challenges traditional notions by discussing the ownership rights concerning larger corporations and offering visionary solutions, in the steps of Louis O, Kelso, empowering workers and employees to participate in the ownership of robots and artificial intelligence. The Fed has given a nod of approval to the creation of a new Concordian monetary system. Following the advice of eight Nobel Laureates in economics, the proposed fiscal reforms emphasize taxing only the value of land and natural resources, ushering in a society where the use of our natural resources and machines serves the common good, economic freedom thrives, and forced income redistribution becomes obsolete. This book illustrates a vivid vision of a world founded on universal economic rights and responsibilities, offering fresh perspectives on a more just and sustainable future. It appeals to scholars and students of economics and related fields, as well as anyone interested in a free but just economic system.

Während das Thema Ukraine die Menschen im Land bewegt und ein größeres Interesse an außen- und sicherheitspolitischen Themen befördert hat, gehen die globalen wirtschaftspolitischen Themen und Debatten an den meisten vorbei und werden vorwiegend von Ökonomen und Wirtschaftshistorikern geführt. Anders als während der Eurokrise, deren Zusammenhänge die Gesellschaft insgesamt eher überforderte, haben die Fragen von Lieferketten, Rohstoffsicherung und technologischem Wandel zwar mittlerweile auch Presse und Medien erreicht, für die meisten aber erschließt sich die Notwendigkeit von einem damit verbundenen Paradigmenwechsel in der deutschen Außen- und Außenwirtschaftspolitik nicht. Dies gilt insbesondere für die zunehmende Bedeutung des Einsatzes ökonomischer Mittel zur Durchsetzung (macht)politischer Interessen – sprich die neue „Geoökonomie“. Das Buch ordnet die um diesen Begriff kursierenden wissenschaftlichen Erkenntnisse und Debatten in der globalen Auseinandersetzung zwischen den USA, China und Europa ein und übersetzt diese in eine Sprache, die jeder versteht. Der Autor leistet mit diesem Essay einen Beitrag zur öffentlichen Debatte in Deutschland und wendet sich daher auch an die interessierte Öffentlichkeit.

This book identifies and systematically confirms the various factors that allow dangerous nuclear power projects to proceed without adequate risk assessment, even as society recognizes the magnitude of risks associated with nuclear power generation. For the first time, it employs a communication game model to explore each factor individually. The novel feature of the book lies in its theoretical analysis of institutional factors, such as the possibility of regulatory capture by electric power companies, the likelihood of these companies concealing early warning signs, the societal demand for excessive safety leading to intolerance of even minor incidents, and the ambiguity of liability. These issues have been pointed out and discussed by many commentators, including the media, but they have never been rigorously verified through economic model analysis. Furthermore, the book discusses why trial and error, a common approach in technological development, is particularly challenging for nuclear power.

This book assesses the resilience of enterprises and their abilities to adapt to changing circumstances and new business environments in the time of crises. Entrepreneurs, small and medium enterprises, and large corporations proved to be capable of utilizing innovation and technology to survive the economic and financial consequences of the COVID-19 pandemic. Many enterprises have succeeded in turning the pandemic crisis into viable business opportunities, dominating local and regional markets, and putting them at the heart of technological transformation. The book also emphasizes the role of innovation, digitalization, and technology in developing new business models and innovative strategies that contributed to enhancing business resilience and market adaptability during the pandemic. The implementation of the new business model and working methods has not only made companies more competitive, but it also ensured the sustainability of the flow of goods and services in the time of the crisis. The analysis is provided through a detailed examination of key sectors, including small and medium enterprises, logistics and supply chain, food security, and labor market. While acknowledging the unprecedented economic and financial consequences of the pandemic on enterprises and markets, this book stresses the importance of the lessons learned from this experience that are critical for supporting the business sector and strengthening market fundamentals to withstand similar crises in the future.

In diesem Buch wird ein Ansatz zur Beschreibung des gesellschaftlichen Phänomens Klimawandel präsentiert. Die Suche nach den Ursachen und Auswirkungen dieses epochalen und globalen Naturereignisses erfolgt außerhalb der Klimawissenschaften, aber unter deren Berücksichtigung. Die Analysen geben einen unerwartet umfassenden Blick in die innere Mechanik des Phänomens und öffnen neue Fenster zur Betrachtung. Auf dieser Basis wird das einmalige deutsche Gesellschaftsexperiment der Energietransformation durchleuchtet.

This open access book examines the implications for the EU of a radically changed international context characterized by systemic rivalry, competition over norms and regulations, and growing strategic tension. Globalization that once tied national economies together and internationalized social phenomena, such as education, research and innovation, and tourism, has gone in reverse. An opposite trend is driving the world into distinct spheres of competing models of governance, regulation, technological development, and communication. Facing the most extensive rupture of economic and inter-state relations since the onset of the Cold War, the management of the EU's internal and external borders is taking on a completely new meaning. The open access book brings together scholars from economics, law, and political science to provide up dated assessments and policy advice on the insecurity in the neighborhood and war in Ukraine, the EU's role in the future European security architecture,weaponized energy dependence, and the global competition on norms.

This two-volume textbook teaches about the uniqueness and the difficulty of the European unification project. It describes, as clearly as possible, what Robert Schuman declared in 1950, that'... Europe will not be made all at once…'. Navigating the nexus of four academic fields - political science, institutional analysis, economics, and history - the book serves as a reference work for accurate, exhaustive, and well-researched information on the creation and functioning of the European Union. Volume 2 provides a comprehensive overview of the European Union's institutions and policies, such as agricultural and fisheries policies, economic and monetary policy, environmental policy, foreign affairs and defence policy, social policy, competition policy, regional policy, as well as immigration and asylum policy. Supported by numerous photographs, diagrams, maps, and sources, the book will serve as an essential textbook for undergraduate and graduate students studying the subject of European integration, as well as a useful resource for a broader audience interested in the European integration process.

Late Hirschman: Theoretical exercises in'Self-Subversion'draws from the Colorni-Hirschman intellectual tradition the author has developed with close colleagues: recalls and rationalizes personal memoires that come from the long collaboration of the author with Albert Hirschman; learns – once again – in depth from his work; desires, if possible, to make progress on some vexed questions; and breaks away from all forms of ritualism. Hirschman, homme libre, did not like orthodoxies or intellectual boundaries and the like. He certainly would not have liked to be now pigeon-holed by a part of the Academia. Gradually exploring alternative directions, Meldolesi proposes, therefore, in this book a group of exercises. They have been suggested by the late Hirschman's self-subverting phase of intellectual elaboration that, starting from the'interpretive social science'point of view elaborated in the late ‘70s of last century together with Clifford Geertz and other leading intellectuals at the Institute for Advanced Study (Princeton N.J.), touched later on numerous aspects of the long experience of Hirschman developed in three continents, and mirrored cautiously in his extraordinary work. The ambition of these exercises lies in helping the'triggering off'the cultural, economic and political potential that might be stemmed from late Hirschman: for understanding some key aspects of the past, exploring hand in glove the world we live in, and acting accordingly.

This book offers a comprehensive analysis of infrastructure insecurity issues in the historic Niger Delta, drawing on empirical fieldwork involving host communities, regulators, and multinational oil and gas operators. It introduces innovative models and theories, such as a pipeline life cycle model focusing on community development, community neglect aggression displacement theory, social aggression theory, stakeholders'policy development model, contemporary poor governance cycle model, and an infrastructure insecurity nexus model, linking governance, socio-economic conditions, and infrastructure insecurity in resource-rich regions of the Global South. The book bridges gaps left by previous publications, providing depth and applicability of data. It employs the Frustration- Aggression Displacement theory to explain underlying triggers of violence and uses real-world case studies, diagrams, and charts to facilitate understanding. Suitable and engaging for individuals, communities, or regulators involved in oil and gas activities alike, this book offers valuable insights into onshore pipeline infrastructure insecurity in Nigeria, West Africa, and the broader Global South, addressing regulation, compliance, environmental concerns, social aspects, and technological innovations.

This book reviews China's strategic pathway over the last 1000 years and considers its prospects for ascending to high-income status by the end of the 21st century. It analyzes why, although China's chances of joining the global core are sound, they are not outstanding; in addition, it faces mounting challenges, internal and external alike. The argument is presented in the framework of dynamic-strategy theory, which is expounded here in novel form. This exposition includes a wide ranging survey of global history, with a focus on the development of the industrialisation paths of the major economies of today, including a detailed study of Japan's long-run strategic pathway. The book's closing section presents a scenario-based discussion of China's potential place in the world in 2100. The analysis implies that China's zenith is likely to be reached slightly before mid-century, after which its relative economic scale will likely decline. Beyond that generalfinding, the scenarios investigate the wide range of plausible outcomes that China may experience: a range that the author contends is much wider for China than for nations under-pinned by less complex political-economies. Given its scope, the book will appeal to scholars of history, economics, geopolitics and sinology, and to anyone interested in learning about China's economic prospects at a time of increasingly heated ideological and empirical debates.

This book, the second of two volumes, explores India's economic development from the Gupta Empire (400AD) through to modern day India. The specific characteristics of economic development in India are examined to help determine development paths India can pursue to create sustainable development in the 21st century. The transition from the primary section to the secondary sector, through the process of industrialisation and in turn the move towards the services sector, is discussed in relation to climate change, technological innovation, and the pressure on resources posed by population growth. This book aims to contextualise India's economic development within the political economy of trade, with a particular focus on institutions such as the IMF and the British East India Company. It will be relevant to students and researchers interested in economic history, development economics, and the political economy.

What was the role of economists and economics in the making of the European Union? This book sheds light on the activities of a particular type of economic experts: the macroeconomic modellers of the Directorate General for Economic and Financial Affairs (DG II), who built multi-country macroeconomic models of the European Economic Community. These models aim at studying the macroeconomic interactions between national economies and at providing insights about the effects of coordinating (or not) national economic policies. The book documents the origins, challenges, and progress made by DG II's experts through building these models. This book provides insight into the influence of multi-country models on modern economics. It will be relevant to students and researchers interested in the history of economic thought and the development of macroeconomic policy.

ReImagine Appalachia- Healing the Land and Empowering the People documents the three-year grass-roots collaboration among people, organizations, elected officials and faith leaders to envision and enact into law a blueprint for shared prosperity in the four Appalachia states of KY, OH, PA and WV. In response to industry proposals for a five-plant petrochemical hub in the Ohio River Valley, concerned citizens developed a Blueprint for a new deal that works for all of us: public investment in our communities; building a 21st century sustainable Appalachia; and rebuilding the middleclass. This book captures the process, plans and results of the ReImagine Appalachia campaign as a success story and testament to the power of grassroots organizing for climate action, social equity, and racial justice. It raises the diverse voices and stories of people who built common ground together and changed the laws for a more equitable, healthier world for our children and future generations.

This book explores the end of the era of low inflation and stable price increases, known as “The Great Moderation”, and the impact this will have on monetary policy. The macroeconomic trends and economic policy issues observed within developed countries over the last 70 years are linked with the economic theory debates of the time to highlight how the current economic challenges came about. The limitations of past economic policies are highlighted to help create a new policy framework for an era defined by high inflation, low economic growth, large budget deficits, and increased private sector debt.This book presents a new understanding of monetary policy that engages with the changing behaviour of economic agents. It will be relevant to researchers and policymakers interested in monetary policy and the political economy.

This book aims to enhance understanding of the academia, policymakers, and general readers about the development challenges and constraints on long-term economic growth of Pakistan. It offers policy prescriptions, based on relevant empirical studies and data analysis, for overcoming such constraints. The book's content is also relevant to other developing countries, particularly of South Asian region, as comparative data of a number of countries has been analyzed on various development themes and issues. Besides emphasizing the centrality of equitable economic growth and human resource development, themes like culture of growth, rising inequalities, misallocation of land and talent, developmental bureaucracy, judicial system, rent-seeking, social capital, fiscal capacities, and militancy etc. also find detailed exposition while exploring intimate causal connections of the said variables with economic growth. Empirical studies, mostly conducted in the context of developing countries, have been discussed to support propositions and recommend solutions for economic growth and development.

This book discusses the requirements and preconditions for transforming the economy in order to achieve defined goals while maintaining and utilizing the efficiency of markets. It shows how economic concepts and practices need to be reconsidered and revised in the face of enormous ecological damage and significant economic inequality across much of the world. The book systematizes essential ecological and social targets and presents factors influencing Economic Transformation. Various transformation concepts are discussed with regard to their contribution to adequate economic design and corresponding options for action are developed. Businesses, private households, the state and the commons are involved in these reflections, but also supranational institutions and (civil) society. The ecological compatibility of the economy and the reduction of excessive divergencies in income and wealth are the guiding principles of the overall considerations. In addition, the extent to which the concerns of Economic Transformation are reflected in the government programs of the USA, Great Britain, South Africa and Germany is examined. The book will be of interest to anyone who shares the belief that increasing well-being in a market-oriented society must go hand in hand with ecological compatibility and improved social equity, both globally and within societies.

This book exploratively reviews and refines the theoretical system of economics with Chinese characteristics and the analytical framework of Chinese path to modernization. This book aims to reveal answers to the three questions: what has the theoretical system of economics with Chinese characteristics inherited and developed? What are the experiences and lessons of all countries'modernization in the world? What is the universality and particularity of Chinese Path to Modernization? As conclusion, the author draws a clue to understand Chinese path to modernization, which is neither “making up for the lessons” nor a “convergence”, but an “innovation” built upon the general principles of modernization. Its universality lies in the overall patterns and trends of modernization, that is, the consistent process of the country's pursuit of national economic growth and people's prosperity. The distinctiveness of this path lies in the concurrent transformation of Chinese economic system and the institutional innovations with Chinese characteristics that unfold throughout this ongoing economic process.

This volume explores the political economy and social philosophy of F. A. Hayek as they relate to social change. Arguably one limitation of Hayek's social philosophy is that he, as some of his contemporaries quipped, does not know the words “for example.” This means that much of his work on social philosophy is relatively abstract and hard to approach. This might also explain why it has taken so long for scholars to fully appreciate the breadth and depth of his social philosophy. Toward a Hayekian Theory of Social Change remedies the lack of more practical studies of Hayek's theory of social change by bringing together several scholars from different social science disciplines who relate Hayek's theory of social change to empirical phenomena and methodological debates within their respective disciplines.

This two-volume textbook teaches about the uniqueness and the difficulty of the European unification project. It describes, as clearly as possible, what Robert Schuman declared in 1950, that'... Europe will not be made all at once…'. Navigating the nexus of four academic fields - political science, institutional analysis, economics, and history - the book serves as a reference work for accurate, exhaustive, and well-researched information on the creation and functioning of the European Union. Supported by numerous photographs, diagrams, maps, and sources, volume 1 sets out in a concise and readable way the European historical origins, the important steps in the creation of the European Union, and the treaties and historical events that have marked its course so far. Providing a comprehensive picture of the unification process and the functioning of this sui generis edifice of a united Europe, the book will serve as an essential textbook for undergraduate and graduate students studying the subject of European integration, as well as a useful resource for a broader audience interested in the European integration process.

This book analyses contemporary and future conditions of global finance and capitalism in an age of catastrophe. It illuminates the links between various crises that have beset the world economy in recent decades and sets these in philosophical context, drawing on the work of Marx, Bataille and Baudrillard to forge new understandings of the impact of capitalist hegemony on society and nature. The book introduces the concept of the ‘over'as a lens through which to reflect on capitalist excess and its negative consequences, such as over-accumulation of goods, over-pollution of the environment, and over-speculation of capital. In particular, it shines a light on the trends of financialization and stagflation, with chapters examining increasingly embedded features of the world economy such as hyper-inflation, the dominance of advanced economy central banks, the phenomenon of repurchase agreements, new asset managers for the ultra-wealthy and index funds to show how capitalist structures continue to drive inequality, ecological breakdown, and geopolitical precarity on a global scale. With a rigorous philosophical and theoretical framework, this book will appeal to political economists, Marxist economists and scholars interested in theories of capitalism.

This book advocates for a transformative shift in economics, emphasising the need to manage finite resources equitably while safeguarding universal well-being. It introduces the Equitable Optimality economic theory, departing from materialistic views and championing a theory deeply rooted in moral economy, values, and ethics. By integrating spirituality, social justice, and ethics into economic analysis, this model contends that economics can serve the welfare of all, offering a unique lens for economic theory and policy. It challenges prevailing materialistic economic paradigms by proposing an interest-balanced/free financial economy.This economic theory prioritises profit-sharing, societal objectives, and equitable resource allocation, aiming to create a more inclusive society. However, practical implementation and comprehensive research are crucial for understanding its impact and overcoming transitional challenges. The Equitable Optimality economic theory provides a valuable perspective within economics, focusing on ethical foundations, acknowledging non-monetary values, and humanising economic agents. It does not aim to replace conventional economic theories but offers an alternative framework to inspire innovative approaches to economic models and policymaking. Its broader policy perspective aims to foster a more prosperous and harmonious society by integrating ethical considerations, equity and justice into economic decision-making and emphasising societal welfare.

This book explains how central banks, banks and governments create money. Written in an accessible style, this book provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as economic policy to achieve macroeconomic goals, such as price stability, full employment and sustainable use of resources. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.

This book analyzes the political economy governing energy regulation across the African continent. Presenting case studies that span diverse energy sectors and countries, it provides an overview of their complex political and regulatory frameworks. The book explores emerging technologies and energy markets, highlighting Africa's preparedness for the energy transition, and sheds light on the pivotal role of cross-border energy trade with regard to energy access. Further, it examines regulators'influence within regional power pools, as well as their contribution to gender mainstreaming in the energy sector, addressing vital social issues. This book is divided into five parts, the first of which focuses on the political economy of energy regulation. The second part discusses emerging technologies and climate change issues, while the third examines regional energy markets, and regional institutional collaboration. The fourth part features contributions on gender mainstreaming, while part five rounds up the coverage. The book will be of interest to policymakers and investors in Africa, as well as scholars interested in energy regulation and economics.

This book aims to report on a cutting-edge research project of the smart grid in Japan, resting on the three pillars of field experiments, behavioral economics, and big data. The field experiments on the smart grid were conducted in four regions in Japan—Yokohama city, Toyota city, Keihanna Science City, and Kitakyushu city—over a three-year period from 2012 to 2014 after the Great East Japan Earthquake on March 11, 2011, and the subsequent accident at the Fukushima Nuclear Power Plants. Our focus here is on demand response in the smart grid environment, which we also discuss in the context of power system reforms. The book is intended for undergraduate and graduate students, researchers, policy makers, and business leaders.

Over the course of the last 70 years, asset managers⸺from activist hedge funds to large passive index fund providers⸺have come to own the substantial majority of corporate equities in the United States, and have wielded that ownership to fundamentally reshape the economy. For most of American history, investing was simple: you purchased shares and left the operation of the company to management. If you were dissatisfied with the firm's performance, you sold your shares. With the rise of asset managers, shareholders now attempt to directly change the companies in which they invest. The New Power Brokers chronicles the economic, legal and technological changes at the heart of this transformation in our public markets, and provides fresh perspectives on what those changes mean for corporations, investors and society as a whole.

This book explores the lifelong dialogue between Thomas Robert Malthus and the libertarian anarchist William Godwin. Shedding light on important topics in the history of economic and political thought, it examines Godwin's rejection of the new industrial order and his insights into a post-acquisitive, post-conflictual future. It shows that Malthus felt Godwin had neglected the ever-increasing pressure of population on scarce food and that control could not be superseded by automaticity so long as the productivity of the land was limited by the law of nature. Godwin and Malthus situated their views on population in the broader context of individual choice, property rights, normative constraint and the status of the poor. Godwin and Malthus were committed to an economy that was equitable as well as efficient. Their proposals for social betterment make the book relevant to contemporary debates even as it sheds light on two giant thinkers of the past.

This contributed volume explores the relationships between politics, economics, and evaluation. With a special focus on Greece, it addresses how evaluations within different sectors impact policymaking and explains what this means for sustainable development. Featuring interdisciplinary perspectives on economic policy evaluation for inclusive and future-forward public policy, the chapters rethink and reform evaluation to meet modern economic challenges. The book outlines the concept and principles of resource allocation in evaluation, offering a framework for economic transformation. It highlights the role of evaluation in achieving sustainable development. It provides a new way to measure the quality of public policy, governance, and economic policy.

This book examines entrenched gender bias and the economic, political, and social systems that sustain patriarchy. Drawing examples from both developed and developing countries, it underscores the barriers women face within the capitalist system. It delves into how operational practices, economic frameworks, and political institutions perpetuate gender bias. Through the study of cases where traditional power structures have been challenged, it proposes a framework for achieving gender equality through cooperative and collaborative action, ensuring inclusion for all within the democratic system. This book places particular emphasis on the economic involvement of rural women, the potential for technology to empower women, gender equality within the creative industries, and the enduring nature of patriarchy. It demonstrates how economic progress can be inclusive and beneficial for women globally and will be of interest to students and researchers in development studies, labour economics, political economy, and gender studies.

Dieses Buch untersucht die Umstrukturierungen des Arbeitsmarktes und die Möglichkeiten, die sich aus der wirtschaftlichen Globalisierung ergeben haben. Die historischen, politischen, geografischen und sozialen Beziehungen, die Arbeitnehmerinnen innerhalb des Produktionsprozesses und der Politik der Arbeit haben, werden untersucht, um ein besseres Verständnis für die Rolle von Frauen innerhalb des globalen Produktionssystems und der internationalen Arbeitsteilung zu schaffen. Ungehörte Stimmen: Frauen, Arbeit und die politische Ökonomie der globalen Produktion zielt darauf ab, dem Leser ein Verständnis für neue Arbeitsplatzarrangements und die sich verändernden geschlechtsspezifischen Arbeitsmuster zu vermitteln. Das Buch ist für Forscher aus den Bereichen der VWL, Soziologie, Ethik, Marketing, Ästhetik und Design, Anthropologie und Kommunikationswissenschaft von Interesse.

This book highlights the importance of economic knowledge in government decision-making. Almost every decision and responsibility facing governments involves economic considerations as well as other aspects. Whether it is funding the military, management of the health care system, or taxing appropriately, the issues are too complex and too important to be left to hunch, intuition, and guesswork. A politician who aspires to more than personal power, and wants to benefit the national society, needs good economic advice. Recognizing the need for effective advice and knowing how to find it is itself challenging. This book points the way. A sophisticated overview of economics is the key and a realistic attainment. How does economics work? Is it science? Is it common sense dressed up in jargon? This book provides insight into what is going on in the discipline and why this knowledge is needed. Students intending to study economics can get a head start from this book. Those alreadyengaged can be helped around some awkward corners. The main audience is the general reader. Economic turmoil abounds. Does it look like informed policies are being undertaken? Does the discussion on radio and other media of current problems have the feel and thrust of genuine knowledge, or is it merely spinning out familiar cliches and guesses? Reading this book, the concerned citizen, the reader with curiosity, and the informed voter will enjoy knowing more about effective economic policy.

This textbook connects three vibrant areas at the interface between economics and computer science: algorithmic game theory, computational social choice, and fair division. It thus offers an interdisciplinary treatment of collective decision making from an economic and computational perspective. Part I introduces to algorithmic game theory, focusing on both noncooperative and cooperative game theory. Part II introduces to computational social choice, focusing on both preference aggregation (voting) and judgment aggregation. Part III introduces to fair division, focusing on the division of both a single divisible resource ('cake-cutting') and multiple indivisible and unshareable resources ('multiagent resource allocation'). In all these parts, much weight is given to the algorithmic and complexity-theoretic aspects of problems arising in these areas, and the interconnections between the three parts are of central interest.

This book provides a comprehensive account of how the Louisiana Purchase of 1803 was financed. Where existing research has focused predominantly on the political and diplomatic significance of the Purchase, this book demonstrates the importance of the Purchase to global financial history. The book provides context and background for the Louisiana Purchase and examines the role of key actors and companies, focusing particularly on the ‘forgotten financiers'of the Purchase – individuals from the US, France and the UK including Alexander Baring, Albert Gallatin, Pierre Cesar Labouchere and Francois Barbe-Marbois. Based on extensive, original archival research, the chapters will illuminate the role played by these individuals in bringing about financial innovation and facilitating a major transaction that doubled the size of the original United States and helped set the country on a path to global power. The book will be a valuable resource for historians of Europe and America, particularly those with interests in economic and financial history, as well as banking and finance scholars who are interested in the emergence of large-scale international finance in the 19th century.

The book explores the concept of ‘intimate capitalism'within the context of the rising cultural and creative industries. The assimilation of culture with capitalism has produced a mass culture that socialises people with the culture of capitalism, effectively domesticating and controlling the masses by establishing an intimate relationship between labor and working conditions. Intimate capitalism is a new form of capitalism where workers invest their labor and work overtime due to an affective connection to the cultural product they are working on or an intimacy with the cultural working conditions. It critically examines the narratives surrounding the creative economy, as well as digital innovations within cultural industries, to highlight how they are reinforcing and perpetuating exploitative working conditions. The erosion of workers'rights under intimate capitalism is examined to show how cultural industries seek to dominate the lives of those working within them, leading to an increased commodification of culture and institutionalisation of creative assets in the name of economic growth and development. This book offers a critical framework for understanding intimate capitalism and outlines its impact on workers, particularly those within developing economies. It will be relevant to students and researchers interested in cultural economics, the political economy, and labour economics.