The Economy

Author: Core Team
Publisher: Oxford University Press, USA
ISBN: 9780198810247
Size: 70.67 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.

Gulf Politics And Economics In A Changing World

Author: Michael Hudson
Publisher: World Scientific
ISBN: 9814566217
Size: 61.93 MB
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The wave of uprisings that has engulfed the Arab world since 2011 has impacted the Gulf significantly, however much the region appears to have remained unscathed. In Bahrain, the regime cracked down on protestors with the help of Saudi forces, and increasing Gulf tensions with Iran, political chaos in Yemen, and rumblings among unemployed youth throughout the Gulf Cooperation Council (GCC) states all complicate the facade of Gulf stability. In addition, ties with the United States appear to be weakening; regional politics are varied and changing, particularly with the rise of India and China; Gulf governance is often oppressive; and GCC economies are even more tied to rentier practices of distribution to keep populations satisfied and in check. Gulf Politics and Economics in a Changing World addresses these aspects of political and economic life in the GCC, Iran, and Iraq in order to assess the present situation. It also offers analysis and predictions as to what the future of this important area of the greater Middle East may hold. The volume, which features contributions from some of the best scholars in the field of Gulf studies in the United States, the Middle East, Europe, and Asia, provides an in-depth and critical look at the region. Contents:Introduction: The Gulf Enigma (Michael C Hudson)The Gulf States and the Economy:The Development Trajectory of the GCC States: An Analysis of Aims and Visions in Current Development Plans (Martin Hvidt)Redesigning the Distributional Bargain in the GCC (Steffen Hertog)State-Business Relations in the Gulf: The Role of Business Actors in the Decision-Making Process of Reform in Bahrain and Oman (Marc Valeri)Gulf Governance:The Rule of Law and Political Liberalization in the Arab Gulf (David M Mednicoff and Joanne E Springer)The Dynamics of Distribution in the Gulf: Selective Allocations, Agency, and Bureaucratic Accessibility in Kuwait (James C A Redman)The Gulf and Beyond: Relations and Tensions:Rethinking Regional Organization in the Gulf and the Greater Middle East (Malik R Dahlan)Sources of Continuity in Iran's Foreign Policy (Mahmood Sariolghalam)The United States and the Gulf:American Policy in the Persian Gulf: From Balance of Power to Failed Hegemony (F Gregory Gause, III)Neither East Nor West? The Gulf in a Post-American World (Alain Gresh)US Military Bases in the Gulf and the Dynamics of Redeployment (Degang Sun) Readership: Undergraduates, postgraduates, and researchers who are interested in social, economic and political affairs of the Persian Gulf. Keywords:Persian Gulf;Arabian Gulf;Political Economy;International Relations;Post-Arab SpringKey Features:While many of the current monographs and edited volumes on the Gulf are concerned with one particular issue, such as migrant labor, sectarianism, or rentier economics, Gulf Politics and Economics in a Changing World addresses a cross section of material on the region that is essential to understanding the bigger pictureThe scope of academic analysis is not Western-centric; these arguments will appeal to a large audience interested in the future role of the United States in the Persian GulfA number of the authors are very well known and respected in their field, including F Gregory Gause, Professor and Chair of the Department of Political Science at the University of Vermont; Steffen Hertog, Senior Lecturer in Comparative Politics at the London School of Economics, and Alain Gresh, Editor of Le Monde Diplomatique

Economic Theory In A Changing World

Author: Sajal Lahiri
Publisher: Oxford University Press, USA
ISBN:
Size: 70.43 MB
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This Volume Brings Together 13 Essays Written By Known Academics Across Three Continents On Economic Growth And Development From Theoretical And Empirical Perspectives.

Economic Power In A Changing International System

Author: Ewan W. Anderson
Publisher: Psychology Press
ISBN: 9781855676336
Size: 45.68 MB
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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: 42.65 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.

Globalization Under Hegemony

Author: Jomo Kwame Sundaram
Publisher: Oxford University Press, USA
ISBN: 9780195673852
Size: 61.22 MB
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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.

Employment Relations In A Changing World Economy

Author: Richard M. Locke
Publisher: MIT Press
ISBN: 9780262620987
Size: 80.54 MB
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An examination of the critical role that employment relations play in firm performance and industry competitiveness worldwide. The text contains essays that examine changes in the employment practices of 11 OECD (Organization for Economic Co-operation and Development) countries.

Political Economy And The Changing Global Order

Author: Richard Stubbs
Publisher: Don Mills, Ont. : Oxford University Press
ISBN: 9780195419894
Size: 32.41 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: 80.21 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