The Economy

Author: Core Team
Publisher: Oxford University Press, USA
ISBN: 9780198810247
Size: 49.82 MB
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The only introductory economics text to equip students to address today's pressing problems by mastering the conceptual and quantitative tools of contemporary economics. OUP has partnered with the international collaborative project of CORE researchers and teachers to bring students a book andlearning system that complements and enhances CORE's open-access online e-book.The Economy is a new approach that integrates recent developments in economics including contract theory, strategic interaction, behavioural economics and financial instability. It challenges students to address inequality, climate change, economic instability, wealth creation and innovation andother problems. It has been adopted as the standard principles course at University College London, Sciences Po Paris and the Toulouse School of Economics.A new economics for the principles course The Economy begins with social interactions using elementary game theory and institutions modelled as rules of the game. This provides the basis for a modern treatment of markets including price-making as well as price-taking, the exercise of power, and the importance of social norms and adjustmentto disequilibria. Introducing labour and credit markets with incomplete contracts allows a consistent treatment of aggregate employment and fluctuations without the need for ad hoc sticky price and wage assumptions. Banks create money by extending credit and a central bank seeks to implement a target inflation rate. Growth and instability are illustrated from the Great Depression, through the post-war golden age of capitalism through to the financial crisis and ensuing uncertainties. Students acquire an understanding of the past and current evolution of the economy in its social and environmental context,equipping them to marshal evidence and articulate positions about contemporary policy issues.

Globalization Under Hegemony

Author: Jomo Kwame Sundaram
Publisher: Oxford University Press, USA
ISBN: 9780195673852
Size: 36.45 MB
Format: PDF, Docs
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The papers in this volume explore globalization and development in a historical perspective. The trends in the late 19th century are compared withthe developments in the late 20th century. Empirical evidences are used to establish how growing divergence completely overshadows limited integration that has accompanied globalization. The volume argues for the establishment of a decentralized, development democracy.

Economic Power In A Changing International System

Author: Ewan W. Anderson
Publisher: Psychology Press
ISBN: 9781855676336
Size: 49.73 MB
Format: PDF, Mobi
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An analysis of international economic power. Using as indicators the salient features of the economies of the major powers - the USA, Japan, the EU, Russia and China - it examines the concomitants of the new global system, dominated by economic rather than military considerations.

Understanding The Process Of Economic Change

Author: Douglass C. North
Publisher: Princeton University Press
ISBN: 9781400829484
Size: 73.49 MB
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In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.

Political Economy And The Changing Global Order

Author: Richard Stubbs
Publisher: Don Mills, Ont. : Oxford University Press
ISBN: 9780195419894
Size: 18.77 MB
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Political Economy and the Changing Global Order, Third Edition, introduces undergraduate students to the rapid changes taking place in the global economy. This edited collection from top scholars in political economy examines how the economic global order is unfolding and how it will evolve over the next decade. Features: * Carefully edited so that all chapters are written in a clear and accessible form, with the needs of students in mind * Each contribution was written specifically for this volume * Covers developments at global, national, and regional levels * Examines key issues and trends as well as the changing policies of major state actors * Each chapter is followed by a list of suggested readings and a short list of key websites

The United States In The Changing Global Economy

Author: George Macesich
Publisher: Greenwood Publishing Group
ISBN: 9780275957056
Size: 56.19 MB
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Macesich (economics, Florida State U.) explains to general economists, political scientists, and lay readers the issues confronting makers of US economic policy caught between increasing global competition and domestic pressure from economic instability, unemployment, wage stagnation, declining scho

Rising China In The Changing World Economy

Author: Liming Wang
Publisher: Routledge
ISBN: 1136503617
Size: 61.93 MB
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China's rapid and sustained growth over last thirty years has propelled it to become the world's second largest economy today and potentially the largest in the foreseeable future. As one of the first major economies pulling out of recession and the last remaining major socialist country in the world today, China presents a challenge to established thinking on the essential primacy of global capitalism and the settled nature of the world system - as China becomes more integrated into the world economy and the international system, both are themselves potentially transformed as a result of China’s involvement. This book explores a wide range of issues connected with the impact of China on the global economy and the prevailing international system. Subjects covered include China’s multinationals, international acquisitions, the exchange rate, research and development and technology transfer, China’s emerging major business groupings, and small and medium sized enterprises.