In a brilliant recreation of the epoch between the 1770s and the 1820s, Emma Rothschild reinterprets the ideas of the great revolutionary political economists to show us the true landscape of economic and political thought in their day, with important consequences for our own. Her work alters the readings of Adam Smith and Condorcet--and of ideas of Enlightenment--that underlie much contemporary political thought.
Economic Sentiments takes up late-eighteenth-century disputes over the political economy of an enlightened, commercial society to show us how the "political" and the "economic" were intricately related to each other and to philosophical reflection. Rothschild examines theories of economic and political sentiments, and the reflection of these theories in the politics of enlightenment. A landmark in the history of economics and of political ideas, her book shows us the origins of laissez-faire economic thought and its relation to political conservatism in an unquiet world. In doing so, it casts a new light on our own times.
A revealing collection from the intellectual titan whose work shaped the modern world.
As an economist and public intellectual, Gary S. Becker was a giant. The recipient of a Nobel Prize, a John Bates Clark Medal, and a Presidential Medal of Freedom, Becker is widely regarded as the greatest microeconomist in history.
After forty years at the University of Chicago, Becker left a slew of unpublished writings that used an economic approach to human behavior, analyzing such topics as preference formation, rational indoctrination, income inequality, drugs and addiction, and the economics of family.
These papers unveil the process and personality—direct, critical, curious—that made him a beloved figure in his field and beyond. The Economic Approach examines these extant works as a capstone to the Becker oeuvre—not because the works are perfect, but because they offer an illuminating, instructive glimpse into the machinations of an economist who wasn’t motivated by publications. Here, and throughout his works, an inquisitive spirit remains remarkable and forever resonant.
This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years.
The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe.
Michael Bruno and Jeffrey D. Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.
The definitive new translation of Max Weber’s classic work of social theory—arguably the most important book by the foremost social theorist of the twentieth century.
Max Weber’s Economy and Society is the foundational text for the social sciences of the twentieth and twenty-first centuries, presenting a framework for understanding the relations among individual action, social action, economic action, and economic institutions. It also provides a classification of political forms based upon “systems of rule” and “rulership” that has shaped debate about the nature and role of charisma, tradition, legal authority, and bureaucracy.
Keith Tribe’s major new translation presents Economy and Society as it stood when Weber died in June 1920, with three complete chapters and a fragment of a fourth. One of the English-speaking world’s leading experts on Weber’s thought, Tribe has produced a uniquely clear and faithful translation that balances accuracy with readability. He adds to this a substantial introduction and commentary that reflect the new Weber scholarship of the past few decades.
This new edition will become the definitive translation of one of the few indisputably great intellectual works of the past 150 years.
The End of Organized Capitalism argues that—despite Marx’s and Weber’s insistence that capitalist societies become increasingly more ordered—we now live in an era of “disorganized capitalism.” The book is devoted to a systematic examination of the shift to disorganized capitalism in five Western nations (Britain, the United States, France, West Germany, and Sweden). Through the analysis of space, class, and culture, Lash and Urry portray the restructuring of capitalist social relations that has resulted from this disorganization. They adduce evidence for the claims that in each of the nations there is a movement toward a deconcentration of capital within nation-states; toward the increased separation of banks, industry and the state; and toward the redistribution of productive relations and class-relevant residential patterns.
The authors also show that national disparities in contemporary, disorganized capitalism can be understood through close examination of the extent to which, and mode in which, capitalism became historically organized in each of the five countries under consideration.
The lucid arguments and judicious comparisons in this book will be of great interest to political scientists, sociologists, geographers, economists, and historians.
“An extraordinary work of intellectual history as well as a scholarly tour de force, a bracing polemic, and a work of Christian prophecy…McCarraher challenges more than 200 years of post-Enlightenment assumptions about the way we live and work.”
—The Observer
At least since Max Weber, capitalism has been understood as part of the “disenchantment” of the world, stripping material objects and social relations of their mystery and magic. In this magisterial work, Eugene McCarraher challenges this conventional view. Capitalism, he argues, is full of sacrament, whether one is prepared to acknowledge it or not. First flowering in the fields and factories of England and brought to America by Puritans and evangelicals, whose doctrine made ample room for industry and profit, capitalism has become so thoroughly enmeshed in the fabric of our society that our faith in “the market” has become sacrosanct.
Informed by cultural history and theology as well as management theory, The Enchantments of Mammon looks to nineteenth-century Romantics, whose vision of labor combined reason, creativity, and mutual aid, for salvation. In this impassioned challenge to some of our most firmly held assumptions, McCarraher argues that capitalism has hijacked our intrinsic longing for divinity—and urges us to break its hold on our souls.
“A majestic achievement…It is a work of great moral and spiritual intelligence, and one that invites contemplation about things we can’t afford not to care about deeply.”
—Commonweal
“More brilliant, more capacious, and more entertaining, page by page, than his most ardent fans dared hope. The magnitude of his accomplishment—an account of American capitalism as a religion…will stun even skeptical readers.”
—Christian Century
Thomas Piketty—whose Capital in the Twenty-First Century pushed inequality to the forefront of public debate—wrote The Economics of Inequality as an introduction to the conceptual and factual background necessary for interpreting changes in economic inequality over time. This concise text has established itself as an indispensable guide for students and general readers in France, where it has been regularly updated and revised. Translated by Arthur Goldhammer, The Economics of Inequality now appears in English for the first time.
Piketty begins by explaining how inequality evolves and how economists measure it. In subsequent chapters, he explores variances in income and ownership of capital and the variety of policies used to reduce these gaps. Along the way, with characteristic clarity and precision, he introduces key ideas about the relationship between labor and capital, the effects of different systems of taxation, the distinction between “historical” and “political” time, the impact of education and technological change, the nature of capital markets, the role of unions, and apparent tensions between the pursuit of efficiency and the pursuit of fairness.
Succinct, accessible, and authoritative, this is the ideal place to start for those who want to understand the fundamental issues at the heart of one of the most pressing concerns in contemporary economics and politics.
The essential work from the Nobel Prize-winning virtuoso of twentieth-century economics, translated to English for the first time.
Few scholars advanced the frontier of economic modeling more than French economist Maurice Allais. Allais’s contributions—beyond his famous Allais’s Paradox—earned him the Nobel Prize and drew comparisons to the works of Paul Samuelson and even some modern mathematical behavioral economists.
Allais’s accomplishments, however, went largely unread by non-Francophone readers due to the challenge of their translation for publishers. The effects of this gap are immeasurable. As Paul Samuelson wrote, “Had Allais's earliest writings been in English, a whole generation of economic theory would have taken a different course.”
Economy and Interest is the milestone translation of Allais's most influential work, one whose staggering findings predate their accepted formulations by other famed economists decades later. In its sweep and technical virtuosity, Economy and Interest is certain to delight and challenge new generations of English-language readers.
These three elegant essays develop principles central to the understanding of the diverse ways in which imperfect information affects the distribution of resources, incentives, and the evaluation of economic policy. The first concerns the special role that information plays in the allocation process when it is possible to improve accuracy through private investment. The common practice of hiring “experts” whose information is presumably much better than their clients' is analyzed. Issues of cooperative behavior when potential group members possess diverse pieces of information are addressed. Emphasis is placed on the adaptation of the “core” concept from game theory to the resource allocation model with differential information.
The second essay deals with the extent to which agents can influence the random events they face. This is known as moral hazard, and in its presence there is a potential inefficiency in the economic system. Two special models are studied: the role of moral hazard in a monetary economy, and the role of an outside adjudicatory agency that has the power to enforce fines and compensation.
The final essay discusses the problem of certainty equivalence in economic policy. Conditions under which a full stochastic optimization can be calculated by solving a related, much simpler “certainty equivalence” problem are developed. The reduction in the complexity of calculation involved is very great compared with the potential loss of efficiency.
John Roemer points out that there are two views of equality of opportunity that are widely held today. The first, which he calls the nondiscrimination principle, states that in the competition for positions in society, individuals should be judged only on attributes relevant to the performance of the duties of the position in question. Attributes such as race or sex should not be taken into account. The second states that society should do what it can to level the playing field among persons who compete for positions, especially during their formative years, so that all those who have the relevant potential attributes can be considered.
Common to both positions is that at some point the principle of equal opportunity holds individuals accountable for achievements of particular objectives, whether they be education, employment, health, or income. Roemer argues that there is consequently a "before" and an "after" in the notion of equality of opportunity: before the competition starts, opportunities must be equalized, by social intervention if need be; but after it begins, individuals are on their own. The different views of equal opportunity should be judged according to where they place the starting gate which separates "before" from "after." Roemer works out in a precise way how to determine the location of the starting gate in the different views.
Essential Demographic Methods brings to readers the full range of ideas and skills of demographic analysis that lie at the core of social sciences and public health. Classroom tested over many years, filled with fresh data and examples, this approachable text is tailored to the needs of beginners, advanced students, and researchers alike. An award-winning teacher and eminent demographer, Kenneth Wachter uses themes from the individual lifecourse, history, and global change to convey the meaning of concepts such as exponential growth, cohorts and periods, lifetables, population projection, proportional hazards, parity, marity, migration flows, and stable populations. The presentation is carefully paced and accessible to readers with knowledge of high-school algebra. Each chapter contains original problem sets and worked examples.
From the most basic concepts and measures to developments in spatial demography and hazard modeling at the research frontier, Essential Demographic Methods brings out the wider appeal of demography in its connections across the sciences and humanities. It is a lively, compact guide for understanding quantitative population analysis in the social and biological world.
Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region.
The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.
Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the overall competitiveness of corporations. But is this endless cycle of fluctuation really so bad for America? Might something positive be going on in the economy as a result of it?
In this penetrating work, three esteemed economists seek to answer these questions by exploring the real impact of volatility on American workers and businesses alike. According to the authors, while any number of events--shifts in consumer demand, changes in technology, mergers and acquisitions, or increased competition--can contribute to economic turbulence, our economy as a whole is, by and large, stronger for it, because these processes of creation and destruction make it more flexible and adaptable. The authors also acknowledge and document the adverse consequences of this turbulence on different groups of workers and firms and discuss the resulting policy challenges. Basing their argument on an up-close look into the dealings and practices of five key industries—financial services, retail food services, trucking, semiconductors, and software—the authors demonstrate the positive effects of turbulence on career paths, employee earnings, and firm performance.
The first substantial attempt to disentangle and make clear the complexities of this phenomenon in the United States, Economic Turbulence will be viewed as a major achievement and the centerpiece of any discussion on the subject for years to come.
Globalisation has created an interconnected world, but has not diminished violence, militarism and inequality. The Economics of Killing describes how the power of global elites, entrenched under globalisation, has created a deadly cycle of violence.
In this groundbreaking work, Vijay Mehta shows how attempts at peaceful national development are routinely blocked by Western powers. He locates the 2008 financial crisis in US attempts to block China's model of development. He shows how Europe and the US conspire with regional dictators to prevent countries from developing advanced industries, and how this system has fed terrorism.
Mehta argues that a different world is possible, based on policies of disarmament, demilitarisation and sustainable development. This original and thought-provoking book will be of great interest to anyone concerned about the consequences of endless war fuelled by the West.
While debates over the consequences of climate change are often pessimistic, historical data from the past two centuries indicate many viable opportunities for responding to potential changes. This volume takes a close look at the ways in which economies—particularly that of the United States—have adjusted to the challenges climate change poses, including institutional features that help insulate the economy from shocks, new crop varieties, irrigation, flood control, and ways of extending cultivation to new geographic areas. These innovations indicate that people and economies have considerable capacity to acclimate, especially when private gains complement public benefits. Options for adjusting to climate change abound, and with improved communication and the emergence of new information and technologies, the potential for adaptation will be even greater in the future.
We sit at the doorstep of multiple revolutions in robotic, genetic, information, and communication technologies, whose powerful interactions promise social and environmental transformations we are only beginning to understand. How can we anticipate their impacts and ensure that these new technologies help move us in a more sustainable direction?
Environmentalism and the Technologies of Tomorrow is a collection of essays by leading scientists, technologists, and thinkers that examine the nature of current technological changes, their environmental implications, and possible strategies for the transition to a sustainable future. It offers a baseline understanding of new technological developments, as well as important insights for moving beyond business-as-usual by developing more anticipatory approaches to environmental protection and more comprehensive strategies for promoting the transformation of technology.
Among the contributors are Brad Allenby, David Bell, Steward Brand, Michael Braungart, Lester Brown, Joanne Ciulla, Denis Hayes, Hazel Henderson, Amory Lovins, William McDonough, Gary Marchant, David Ronfeldt, John Seely-Brown, Gus Speth, and Timothy Sturgeon.
The issues in the series are each considered within a systematic framework common to all. Each volume begins with a historical background and then the issues are placed in their contemporary context. Four distinct perspectives are presented: (1) Who are the "global actors" involved in the issue, and what are the linkages among them? (2) What prevailing values are operating, and how have the relevant actors responded to those values? (3) What policies are applied by these actors at the global level, and how are these policies determined? (4) What are the possible results of the values and policies of these global actors?
Though many students and environmentalists shudder at even the thought of economics, a working knowledge of the basics can be a powerful ally. Economic arguments carry a great deal of weight, and putting them to work for environmental causes can be a deciding factor, especially in policy debates. The reverse is true as well, and an understanding of the possibly flawed, misleading, or overstated economics behind an opponent's case can be crucially important.
Environmental Economics for Tree Huggers and Other Skeptics carefully explains the tools of economic analysis and shows how they can be used to help reveal the root causes of and potential solutions for environmental and natural resource problems. Jaeger's proven techniques and wonderfully conversational tone assume no economics training, and his presentation of the material is designed to facilitate clarity. His step-by-step approach unearths surprisingly simple, easy-to-remember principles and shows how to apply them to real-world environmental problems.
Those with exposure to introductory microeconomics will find Environmental Economics for Tree Huggers and Other Skeptics to be a welcome refresher. Undergraduate and graduate students of environmental studies, resource management, law, policy, and related fields, as well as novices who are skeptical of how the field could possibly help them in their own efforts, will be pleasantly surprised.
So writes Chris Maser in this compelling study of three interactive spheres of the ecosystem: atmosphere (air), litho-hydrosphere (rock that comprises the restless continents and the water that surrounds them), and biosphere (all life sandwiched in between).
Rich in detail and insightful analogies, Earth in Our Care addresses key issues including land-use policies, ecological restoration, forest management, local living, and sustainability thinking. Exploring our interconnectedness with the Earth, Maser examines today's problems and, more importantly, provides solutions for the future.
Energy and the Ecological Economics of Sustainability examines the roots of the present environmental crisis in the neoclassical economics upon which modern industrial society is based. The author explains that only when we view ourselves in the larger context of the global ecosystem and accept the physical limits to what is possible can sustainability be achieved.
Not since Charles and Mary Beard's The Rise of American Civilization has a narrative been written for the general reader and student alike that so superbly explicates the origins of American capitalism. Arguing that the central fact explaining the success of the American experiment is the development of the economy, the distinguished economic historian Stuart Bruchey shows the reciprocal relationship between economic growth and values, law, and social and political change, as well as between economic development and the more traditional variables of capital, labor, and resources.
Enterprising, risk-taking men and women in all walks of life are at the center of the remarkable story that is the American dream and reality. The farm family moving to an unfamiliar environment and trying new technology; the business executive or worker with a new idea for improving a machine; the jurist venturing down a different legal path to sharpen incentives to invest; lawmakers of all kinds risking tenure or office by giving priority to measures designed to entice capital and labor to their jurisdictions—these entrepreneurs provided the leaven that gradually raised the living standards of the average person to heights unknown anywhere in the past.
Twenty years in the writing, Enterprise summarizes the scholarly contributions of historians and social scientists. It reaches deep into the European past—to fourteenth-century Italy—to retrace the origins of American capitalism. The author tells the story of individual achievement and vertical social mobility and their triumph over obstacles, a never-ending theme of American enterprise. Whether Americans maintain those heights today or will suffer a decline as the price of 1980s “now-nowism”—as Richard Darman characterizes this decade of wanting everything, at once, and paying nothing—remains to be seen.
New England's economy has a history as dramatic as any in the world. From an inauspicious beginning--as immigration ground to a halt in the eighteenth century--New England went on to lead the United States in its transformation from an agrarian to an industrial economy. And when the rest of the country caught up in the mid-twentieth century, New England reinvented itself as a leader in the complex economy of the information society.
Engines of Enterprise tells this dramatic story in a sequence of narrative essays written by preeminent historians and economists. These essays chart the changing fortunes of entrepreneurs and venturers, businessmen and inventors, and common folk toiling in fields, in factories, and in air-conditioned offices. The authors describe how, short of staple crops, colonial New Englanders turned to the sea and built an empire; and how the region became the earliest home of the textile industry as commercial fortunes underwrote new industries in the nineteenth century. They show us the region as it grew ahead of the rest of the country and as the rest of the United States caught up. And they trace the transformation of New England's products and exports from cotton textiles and machine tools to such intangible goods as education and software. Concluding short essays also put forward surprising but persuasive arguments--for instance, that slavery, while not prominent in colonial New England, was a critical part of the economy; and that the federal government played a crucial role in the development of the region's industrial skills.
Environmental Disputes helps citizen groups, businesses, and governments understand how Environmental Dispute Settlement--a set of procedures for settling disputes over environmental policies without litigation--can work for them.
In this book, M. Jimmie Killingsworth and Jacqueline S. Palmer have a twofold purpose: to analyze the patterns of rhetoric used in written discourse about environmental politics and to make a practical contribution to the art of rhetorical criticism through the study of rhetoric in use.
The language, professional objectivity, and research programs of scientists insulate these best-informed citizens in enclaves of specialization, limiting access to crucial information and hindering effective reformative action. Science, the authors stress, is not merely a database to rely upon but a view of the world that must be broadened in order to affect social morality. Science-based activism must arise to ensure the care and future of the environment.
Killingsworth and Palmer argue that for grassroots activism to be tied to this globally conscious philosophy, a rhetoric of sustainability must be cultivated.
In the 1970's, an “age of affluence” ended abruptly in Canada, Great Britain, and the United States. Skyrocketing inflation, persistent unemployment, and sluggish growth became new, oppressive realities for government and citizens alike. This book examines the changes that occurred in economic policymaking on the governmental level and the public's response to such changes. This timely collection of essays sheds light on the political economy of three of the world's oldest democracies in an era of economic distress and uncertainty.
Why have Latin American democracies proven unable to confront the structural inequalities that cripple their economies and stymie social mobility? Brian Palmer-Rubin contends that we may lay the blame on these countries’ systems of interest representation, which exhibit “biased pluralism,” a system in which the demands of organizations representing economic elites—especially large corporations—predominate. A more inclusive model of representation would not only require a more encompassing and empowered set of institutions to represent workers, but would also feature spaces for non-eliteproducers—such as farmers and small-business owners to have a say in sectoral economic policies.
With analysis drawing on over 100 interviews, an original survey, and official government data, this book focuses on such organizations and develops an account of biased pluralism in developing countries typified by the centrality of patronage—discretionarily allocated state benefits. Rather than serving as conduits for demand-making about development models, political parties and interest organizations often broker state subsidies or social programs, augmenting the short-term income of beneficiaries, but doing little to improve their long-term economic prospects. When organizations become diverted into patronage politics, the economic demands of the masses go unheard in the policies that most affect their lives, and along the way, their economic interests go unrepresented.
For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low participation--situations that have had a tremendous impact on its economic development.
This two-volume set is a comprehensive assessment of Central America's position in the world economy, and it serves as a handbook for the important economic reforms Central America must undertake to become a viable competitor in the international economy.
For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low participation--situations that have had a tremendous impact on its economic development.
This two-volume set is a comprehensive assessment of Central America's position in the world economy, and it serves as a handbook for the important economic reforms Central America must undertake to become a viable competitor in the international economy.
The Central American region is a vital ecological resource that provides environmental balance for the rest of the American continents. Using comprehensive surveys and statistical studies, this volume presents an evaluation of the region's deforestation, sustainable agriculture, tourism, emerging carbon markets, trade, and growth.
By comparing and contrasting policies applied by other countries with similar environmental characteristics, the contributors argue that Central American governments must learn from the results of these policies in order to manage resources, foster sustainability and competitiveness, and procure positive results.
Argentina is a fascinating and baffling case to scholars of economic development. It has rich agricultural resources, a fully monetized economy, a domestic manufacturing sector that occupies a large share of the active labor force, a relatively high level of literacy, and other attributes that resemble a European nation more than a developing country. At the same time, Argentina has found it difficult to develop the institutions of a modern nation-state and to sustain a satisfactory rate of economic growth. This book is a new and vigorous attempt to explain the Argentinian paradoxes.
The authors' central hypothesis is that the conventional framework of economic analysis is ill-suited for policymaking in a pluralistic society; in such a society, successful macroeconomic policy management depends on support from viable political coalitions. In the absence of a repressive dictatorship, decision makers in Argentina, the authors maintain, have consistently attempted to adopt policy positions seemingly designed to tear society apart. Does this mean that no mediative policy alternatives exist which are more congenial to political pluralism? The authors present some answers to this important question by examining the Argentine balance of payments and stabilization policies. Their conclusions about macroeconomic policymaking are not only significant for Argentinian policymaking, but are also relevant for other semi-industrial societies.
Charles Kindleberger, an international economic specialist, seeks in this book to show how economic history and economic analysis can interact, giving particular attention to the question of how history can be used in a comparative setting to test economic models for generality. His history and examples span the seventeenth to the twentieth century. The important and unexpected result is to show how the applicable economic model in given instances is strongly conditioned by social, socio-psychological, and political settings in which a given stimulus elicits a particular response. As a by-product, Kindleberger throws light on the political economy of Western European states, especially in international economic dimensions, but also in technological change, scientific education, and economic growth.
In these spirited and lucid essays, Kindleberger discusses related and abiding economic questions: whether the creation of a world financial center is inevitable; what the possible bases for free trade are; how insights can be gained into present day multinational corporations; and how information networks can maximize benefits in trade, and can affect the quality of output, costs, and economies of scale.
Part of the author's interest is methodological. He believes that the comparative method—studying the same rather restricted problem in comparable economies in a fixed regional and temporal setting—yields richer insights than those available from the history of the single economy. While his own studies are limited to merchants, tariffs, free trade, capital markets, and ports, a methodological introductory chapter discusses a wider range of applications.
The clearest and most up-to-date account of the achievements—and setbacks—of the European Union since 1945.
Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation.
The Economic Integration of Europe follows all the major steps in the creation of the single market since the postwar establishment of the European Coal and Steel Community. Pomfret identifies four stages of development: the creation of a customs union, the deepening of economic union with the Single Market, the years of monetary union and eastward expansion, and, finally, problems of consolidation. Throughout, he details the economic benefits, costs, and controversies associated with each step in the evolution of the EU. What lies ahead? Pomfret concludes that, for all its problems, Europe has grown more prosperous from integration and is likely to increase its power on the global stage.
The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.
In this magisterial study, Michael Smith explains how France left behind small-scale merchant capitalism for the large corporate enterprises that would eventually dominate its domestic economy and project French influence throughout the world.
Arguing against the long-standing view that French economic and business development was crippled by missed opportunities and entrepreneurial failures, Smith presents a story of considerable achievement. French companies made major contributions to the Second Industrial Revolution of 1880-1930, especially in ferrous and non-ferrous metallurgy, electrochemicals, industrial gases, and motor vehicles. Rejecting the notion that France took a separate route to economic modernity, Smith argues that it tracked other industrial nations along a path dominated by large-scale production and corporate enterprise. Technological and organizational capabilities acquired by French companies prior to 1930 played a key role in the country's rapid economic recovery after World War II and its broader economic success in the second half of the twentieth century. Smith also addresses the distinctive characteristics of French economic and business development, including the pivotal role of the French state, the pervasive influence of French financiers, and the significance of labor conflict.
This superb account is an invaluable contribution to business history and the history of modern France.
Leading writer Boris Kagarlitsky offers an ambitious account of 1000 years of Russian history. Encompassing all key periods in Russia's dramatic development, the book covers everything from early settlers, through medieval decline, Ivan the Terrible - the 'English Tsar', Peter the Great, the Crimean War and the rise of capitalism, the revolution, the Soviet period, finally ending with the return of capitalism after 1991.
Setting Russia within the context of the 'World System', as outlined by Wallerstein, this is a major work of historical Marxist theory that is set to become a future classic.
China is emerging as a truly global economic and political power. China’s impact on Latin America and the Caribbean region is mixed, however—fostering a trade market for some countries, but creating competition for others.
This pioneering volume, produced by the Inter-American Development Bank’s Integration and Regional Programs Department and Research Department, provides a comprehensive overview of China’s economic policy and performance over recent decades and contrasts them with the Latin American experience. What are the underlying factors behind China’s competitive edge? What are the strategic implications of China’s rise for growth and development in Latin America? These questions open new avenues for thinking about revitalizing development strategies in Latin America in the face of China’s successful development and reduction of poverty. This insightful report is a must-read for analysts, policymakers, and development practitioners, not only in Latin America and the Caribbean, but wherever China’s presence is being felt.
The Emergence of China is a copublication of the David Rockefeller Center for Latin American Studies and the Inter-American Development Bank.
Malaysia interests development practitioners for many reasons, not least because of its remarkably rich natural environment. Environment and Development in a Resource-Rich Economy provides an invaluable analysis of major natural resource and environmental policy issues in the country during the 1970s and 1980s--a period of profound socioeconomic changes, rapid depletion of natural resources, and the emergence of serious air and water pollution problems.
What is path-breaking about this book is its emphasis on economics as a source of concepts and methods for analyzing natural resource and environmental issues and policy responses. The authors' access to unpublished data and key decision makers makes this account of extensive, field-based research an essential reference for policy makers and researchers concerned about environmental and natural resource management--both in Malaysia and throughout the globe. The book should be of particular interest for students who hope to understand more thoroughly the economic underpinnings of natural resource and environmental management policy.
In the early 1960s, fewer than five percent of Japanese owned automobiles, China’s per capita income was among the lowest in Asia, and living standards in South Korea’s rural areas were on par with some of the world’s poorest countries. Today, these are three of the most powerful economies on earth. Dwight Perkins grapples with both the contemporary and historical causes and consequences of the turnaround, drawing on firsthand experience in the region to explain how Asian countries sustained such rapid economic growth in the second half of the twentieth century.
East Asian Development offers a comprehensive view of the region, from Japan and the “Asian Tigers” (Hong Kong, Singapore, Taiwan, South Korea) to Indonesia, Vietnam, Thailand, Malaysia, and China—a behemoth larger than all the other economies combined. While the overall picture of Asian growth is positive, no single economic policy has been effective regionwide. Interventionist policies that worked well in some countries failed elsewhere. Perkins analyzes income distribution, to uncover why initially egalitarian societies have ended up in very different places, with Japan, for example, maintaining a modest gap between rich and poor while China has become one of Asia’s most unequal economies.
Today, the once-dynamic Japanese and Korean economies are sluggish, and even China shows signs of losing steam. Perkins investigates whether this is a regional phenomenon or typical of all economies at this stage of development. His inquiry reminds us that the uncharted waters of China’s vast economy make predictions of its future performance speculative at best.
Over forty years after the formal end of colonialism, suffocating ties to Western financial systems continue to prevent African countries from achieving any meaningful monetary sovereignty.
Economic and Monetary Sovereignty in 21st Century Africa traces the recent history of African monetary and financial dependencies, looking at the ways African nations are resisting colonial legacies. Using a comparative, multi-disciplinary approach, this book uncovers what went wrong after the Pan-African approaches that defined the early stages of independence, and how most African economies fell into the firm grip of the IMF, World Bank, and the EU’s strict neoliberal policies.
This collection is the first to offer a wide-ranging, comparative and historical look at how African societies have attempted to increase their policy influence and move beyond neoliberal orthodoxy and US-dollar dependency. Economic and Monetary Sovereignty in 21st Century Africa is essential reading for anyone interested in the African quest for self-determination in a turbulent world of recurring economic and financial crises.
This history of administrative thought and practice in colonial Kenya looks at the ways in which white people tried to engineer social change.
It asks four questions:
- Why was Kenya’s welfare operation so idiosyncratic and spartan compared with that of other British colonies?
- Why did a transformation from social welfare to community development produce further neglect of the very poor?
- Why was there no equivalent to the French tradition of community medicine?
- If there was a transformatory element of colonial rule that sought to address poverty, where and why did it fall down?
The answers offer revealing insight into the dynamics of rule in the late colonial period in Kenya.
In the 1980s, world recession, drought, civil conflict, and other forces brought major economic upheaval to the countries of Sub-Saharan Africa. Most of the early efforts by governments to stabilize their economies met with little success, but The Gambia was an exception. In 1985 the government introduced the Economic Recovery Program, one of the most sweeping reform programs attempted on the continent. The economy quickly stabilized, with the rate of inflation falling to below ten percent and the overall balance of payments in surplus for the first time since the early 1970s.
Economic Recovery in The Gambia examines The Gambia's success in depth. It analyzes a wide range of policy reforms-exchange rates, taxation, foreign debt, agriculture, state-owned enterprises, customs inspection-and in each case, the authors review problems the government faced, steps that were taken to address them, and the success and failures of the reform initiatives. These economic and institutional analyses are complemented by an examination of the politics of reform and the role that donor agencies played. The final chapter summarizes important lessons from The Gambia's experience, and provides insights for other countries in Sub-Saharan Africa.
“A book that truly speaks to everyone. . . . Always practical, often inspiring, this is more a reference book than a self-improvement text, and a great read for any would-be leader.”
—Roger Penske, owner of Penske Corporation and Penske Racing
“Sound, practical advice driven home with real-world examples. . . . This is a must-read book for anyone who wants to make a positive difference in the lives of others in their community, their business, or their family.”
—Dennis W. Archer, former mayor of Detroit
“Everyday Leadership is a treasure chest of engaging stories, practical tips, and rich insights into how we each can make a difference in the world when we take responsibility for the personal power that we have. . . . once you’ve taken Everyday Leadership to heart you’ll leave this world a little bit better than you found it.”
—Jim Kouzes, coauthor of The Leadership Challenge
“Everyday Leadership taught me as much about how to be a better person as it did about being a better leader. In fact, it revealed how much the two are the same. Excellent and helpful reading for anyone.”
—Marianne Williamson, author of Return to Love and Everyday Grace
Everyday Leadership offers strategies to improve leadership skills, achieve results, and gain greater satisfaction in these hectic times. It speaks to the everyday leader, whether that person is a principal, pastor, parent, or CEO.
Daniel Granholm Mulhern brings the art of management down to earth, presenting stories that illuminate some of the best ideas about real human leadership. He offers practical steps to achieve the goal of leading well in our lives through creating a vision, communicating that vision, and living it in simple yet powerful ways.
Daniel Granholm Mulhern is the “First Gentleman” of the State of Michigan and an accomplished consultant, business coach, and motivational speaker. In addition to the personal support and counsel he offers his wife, Governor Jennifer Mulhern Granholm, Dan contributes his professional expertise, spearheading the effort to make Michigan’s state government a model for the nation as a “great place to do great work!” Dan also chairs the Michigan Community Service Commission, which promotes and coordinates volunteer efforts across the state.
In an increasingly competitive world market, how does the United States rank? Many Americans are worried about the economic state of their nation, especially now that countries like China are becoming ever more economically powerful. What does America need to both stabilize and energize its economy?
Entrepreneurship, Steve Mariotti claims, is vital. An Entrepreneur’s Manifesto is Mariotti’s rallying cry for the world to recognize the potential that business creation holds for the individual and the economy. Mariotti explores how entrepreneurship affects schools and prisons, developed cities and isolated villages, brick-and-mortar stores, and internet-based businesses. He takes a hard look at the research on entrepreneurial education, entrepreneurship, government policy, and the social and cultural attributes most likely to foster successful business creation, incorporating his discussions with some of the best minds on the question of entrepreneurship. Mariotti also examines how the rise of the Internet and Web-based innovations like crowdfunding have both changed—and not changed—the fundamentals of promoting those who take the ultimate gamble of going into business for themselves.
As the author of several leading textbooks on the subject and founder of the Network for Teaching Entrepreneurship (NFTE), a global nonprofit organization that has educated more than 500,000 students and trained more than 5,000 teachers in 50 countries, Mariotti is both an experienced and reliable leader in what he calls the entrepreneurial revolution. Mariotti frequently writes for the Huffington Post and has been recruited by the State Department to discuss his ideas on youth entrepreneurship in Cambodia and other developing countries seeking to escape the shackles of centrally planned economic policies.
Neither a dry recitation of academic theory nor a scattered collection of feel-good stories, An Entrepreneur’s Manifesto builds on Mariotti’s unique perspective to offer a critique that is both inspiring and practical. Riveting stories complement enlightening real-world perspectives, making the work relatable and inspiring.
“There is no more revolutionary act,” Mariotti says, “than starting a business.”
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