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In Loreto, Baja California Sur, Mexico, artisanal fishing families and staff of Loreto Bay National Park face an array of choices as tourism, environmental concerns, and economic precarity challenge livelihoods and natural resource availability. In Net Values, Nicole D. Peterson offers a critical examination of how the idea of “choice” is understood, and what it means for policies, planning, and programs to ignore the social, political, economic, and cultural contexts surrounding these choices.

Anchored by more than twenty years of research, Peterson provides insight into the fishing community of Loreto and reveals an important role in decision-making that diverges from previous studies. She argues that decisions about fishing, natural resource management, and other aspects of life are influenced by context, values, and expectations in ways that go beyond the typical psychological or cognitive theories of choice. Instead, Net Values highlights the ways that choices are constrained and enabled by values and expectations of cultures, histories, relationships, and experiences, both personal and shared. Peterson answers questions such as “why do the fishermen fish?” or “what is the marine park staff doing?” These decisions and choices are related to the larger implication addressed by this book: that in order to make effective policies around natural resource management and other issues, we must understand how those potential policies interact with the decision processes already underway.

Divided into five chapters, Net Values is rich in ethnographic detail, drawing from real people to inform the narratives, chapters, and theoretical elaboration. Peterson’s interactions with fishers such as Don Javier and his family and friends support the ideas offered around choice, values, and strategies, connecting ideas to real experiences.

A comprehensive survey of the evolution of market design over the past three decades.

In the mid-1990s, the first Federal Communications Commission spectrum auction and the redesign of the National Residency Matching Program collectively helped to jumpstart the field of market design. Since then, extensive research has improved auction design and broken new conceptual ground in addressing multi-agent matching problems. This volume summarizes key discoveries and advances in market design over the past three decades and explores contemporary challenges—from climate policy and electricity markets to AI-mediated exchanges and hospital resource allocation.

Contributors examine how to design efficient, incentive-compatible mechanisms that are robust to shifting conditions and increasing complexity. They consider a wide variety of applications that could benefit from the market design viewpoint, such as environmental markets, school choice, and organ exchange. Together, the chapters illustrate the important interactions between economic theory, computational tools, and institutional insight.

This book is a collection of ten essays with discussant commentaries originating from an October 1993 conference at the University of Michigan. Aiming to push international trade theory beyond traditional comparative static analysis, the volume focuses on dynamic modeling, endogenizing trade policy, and analyzing complex interactions among countries, governments, and eco-endogenizing. The collected papers tackle a diverse array of modern economic topics, including complexity theory applied to transport costs and trade structure (Paul Krugman), game-theoretic frameworks examining protectionist lobbying (Gene Grossman and Elhanan Helpman) and results-oriented trade sanctions (Mark Cronshaw and James Markusen), the "Bicycle theory" of gradual trade liberalisation (Robert Staiger), rules of origin as protectionist mechanisms within free trade areas like NAFTA (Kala Krishna and Anne Krueger), technological dynamics and comparative advantage shifts (Michihiro Ohyama and Ronald Jones), and export subsidisation case studies (Dani Rodrik). The title is a stimulating and forward-looking contribution that demonstrates how international trade theory is evolving to address multifaceted real-world challenges.

At the outset of the nineteenth century, Boston was at its zenith as a maritime city even as New England was in decline. Many struggling farmers abandoned the area for more promising opportunities to the west. Yet by 1850, New England had been transformed into one of the most industrialized regions in the world. Former agricultural villages had become specialized manufacturing towns producing consumer goods for sale, and Boston merchant capitalists had established textile complexes that produced fabrics in huge quantities. Although Boston had been superseded by New York as a trading center, it thrived not only as a financial market but as an exchange hub in which these hinterland manufacturers acquired raw materials, capital, sales services, and transportation. With Boston at its metropolitan center, New England was transformed into an industrial geography that was unique nationally and internationally.

New England Metropolis demonstrates that, in contrast to the course of industrialization in other regions of the country, New England’s transformation was driven by entrepreneurs in hundreds of rural villages and towns and by and Boston merchant capitalists who recruited underemployed agricultural household members to produce consumer goods for sale beyond the region, including in the slave economies of the South and the Caribbean. As Boston merchants adapted commercial, financial and transportation infrastructure they had developed to serve overseas trade to the needs of the region's manufacturers, industrialization halted New England’s decline and, by 1850, had propelled it to prosperity.

The discovery of the New World was initially a cause for celebration. But the vast amounts of gold that Columbus and other explorers claimed from these lands altered Spanish society. The influx of such wealth contributed to the expansion of the Spanish empire, but also it raised doubts and insecurities about the meaning and function of money, the ideals of court and civility, and the structure of commerce and credit. New World Gold shows that, far from being a stabilizing force, the flow of gold from the Americas created anxieties among Spaniards and shaped a host of distinct behaviors, cultural practices, and intellectual pursuits on both sides of the Atlantic.

Elvira Vilches examines economic treatises, stories of travel and conquest, moralist writings, fiction, poetry, and drama to reveal that New World gold ultimately became a problematic source of power that destabilized Spain’s sense of trust, truth, and worth. These cultural anxieties, she argues, rendered the discovery of gold paradoxically disastrous for Spanish society. Combining economic thought, social history, and literary theory in trans-Atlantic contexts, New World Gold unveils the dark side of Spain’s Golden Age.

In The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the crisis. His predictions were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead.

Turner recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too timid to make a real difference. He dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation.

There is no doubt the economy is still in serious trouble, but Turner shows that learning from the mistakes made so far can prevent a situation worse than that of the 1930s crisis.