Principles of Economics 7th edition combines microeconomics and macroeconomics into one volume for students who take a full year's course. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues ' such as climate change and resource taxation, the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, monetary and fiscal policy.
The brief and student-friendly approach of this book boils economics down to its essentials, by considering what is truly important for students to learn in their first course in economics. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues ' including the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, and monetary and fiscal policy. Continuing global financial uncertainty and the current state of the Australian economy provide a constant supply of new material, re-evaluated models, and policy changes and updates for the Principles of Macroeconomics text. The book emphasises the material that students should and do find interesting about the study of the economy, resulting in a focus on applications and policy, and less on formal economic theory. Principles of Macroeconomics, 7e encourages students to make their own judgements by presenting both sides of the debate on five controversial issues facing policymakers: the proper degree of policy activism in response to the business cycle, the choice between rules and discretion in the conduct of monetary policy, the desirability of reaching zero inflation, the importance of balancing the government's budget, and the need for tax reform to encourage saving.
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} Crisis management has become one of the core challenges facing governments, but successful crisis response depends on effective public leadership. Building on insights from Pragmatist philosophy, this deeply nuanced book provides guidance and direction for public leaders tackling the most challenging tasks of the 21st century.
An analysis of the effect of public pension schemes on a country's fertility rate and a proposal for policies to reform pension coverage in light of this. The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are retirees drawing pension benefits, but the youth-to-age imbalance would significantly affect the total contributive capacity of future generations and hence their total income growth. In Children and Pensions, Alessandro Cigno and Martin Werding examine the way pension policy and child-related benefits affect fertility behavior and productivity growth. They present theoretical arguments to the effect that public pension coverage as such will reduce aggregate fertility and may raise aggregate household savings. They argue further that public pensions, as they are currently designed, discourage parents from private human capital investment in their children to improve the children's future earning capacity. After an overview of pension and child benefit policies (focusing on the European Union, Japan, and the United States), the authors offer an empirical and theoretical analysis and a simulation of the effects of the policies under discussion. Their policy proposals to address declines in fertility and productivity growth include the innovative suggestion that relates a person's pension entitlements to his or her number of children and the children's earning ability--proposing that, in effect, a person's pension could be financed in part or in full by the pensioner's own children.
Intelligent algorithms are already well on their way to making white collar jobs obsolete: travel agents, data-analysts, and paralegals are currently in the firing line. In the near future, doctors, taxi-drivers and ironically even computer programmers are poised to be replaced by ‘robots’. Without a radical reassessment of our economic and political structures, we risk the very implosion of the capitalist economy itself. In The Rise of the Robots, technology expert Martin Ford systematically outlines the achievements of artificial intelligence and uses a wealth of economic data to illustrate the terrifying societal implications. From health and education to finance and technology, his warning is stark – all jobs that are on some level routine are likely to eventually be automated, resulting in the death of traditional careers and a hollowed-out middle class. The robots are coming and we have to decide – now – whether the future will bring prosperity or catastrophe.
There are fewer people living in extreme poverty in the world today than 30 years ago. While that is an achievement, continuing progress for poor people is far from assured. Inequalities in access to key resources threaten to stall growth and poverty reduction in many places. The world's poorest have made only a small absolute gain over those 30 years. Progress has been slow against relative poverty as judged by the standards of the country and time one lives in, and a great many people in the world's emerging middle class remain vulnerable to falling back into poverty. The Economics of Poverty reviews critically past and present debates on poverty, spanning both rich and poor countries. The book provides an accessible new synthesis of current economic thinking on key questions: How is poverty measured? How much poverty is there? Why does poverty exist, and is it inevitable? What can be done to reduce poverty? Can it even be eliminated? The book does not assume that readers know economics already. Those new to the subject get a lot of help along the way in understanding its concepts and methods. Economics lives through its relevance to real world problems, and here the problem of poverty is both the central focus and a vehicle for learning.
This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy’s response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions.
For nearly two decades the U.S. economy has been plagued by two disturbing economic trends: the slowdown in the growth rates of productivity and average real wages and the increase in wage and income inequality. The federal budget is in chronic deficit. Imports have far exceeded exports for more than a decade. American competitiveness has been a source of concern for even longer. Many Americans worry that foreigners are buying up U.S. companies, that the economy is losing its manufacturing base, and that the gap between rich and poor is widening. In this book three of the nation's most noted economists look at the primary reasons for these trends and assess which of the many suggestions for change in policy—whether for increased tax incentives for investment, education reform, or accelerated research and development—are likely to work and which may not work and could even hinder economic development. The author's discuss a variety of issues connected with deindustrialization and diminished competitiveness, distinguishing between problems that would be of real concern and those that should not. They evaluate explanations for slow growth in aggregate productivity in the United States and its relation to slower growth in other industrialized countries. They discuss the performance of the various sectors of the U.S. economy and systematically examine the evidence for and against the major proposals for correcting the adverse trends in productivity and inequity. Growth With Equity clearly explains how the country can accomplish the challenge of accelerating growth and narrowing the gap that separates the rich from the poor. While recognizing that some of their recommendations may be politically painful, the authors stress the importance of adopting a purposeful, long-range policy to encourage growth, ensure equity, and reduce the government's equity.
A brilliant, painful, dazzling, and funny as hell novel about a family man who is attacked in a garden and suddenly becomes an anti-husband and anti-father, from "one of the greatest novelists of his generation" (TIME) “Amis is a stone-solid genius...a dazzling star of wit and insight.” —The Wall Street Journal When “dream husband” Xan Meo is vengefully assaulted in the garden of a London pub, he suffers head injury, and personality change. He submits to an alien moral system—one among many to be found in these pages. We are introduced to the inverted worlds of the “yellow” journalist, Clint Smoker; the high priest of hardmen, Joseph Andrews; and the porno tycoon, Cora Susan. Meanwhile, we explore the entanglements of Henry England: his incapacitated wife, Pamela; his Chinese mistress, He Zhezun; his fifteen-year-old daughter, Victoria, the victim of a filmed “intrusion” that rivets the world—because she is the future Queen of England, and her father, Henry IX, is its King. The connections between these characters provide the pattern and drive of Yellow Dog. If, in the 21st century, the moral reality is changing, then the novel is changing too, whether it likes it or not. Yellow Dog is a model of how the novel, or more particularly the comic novel, can respond to this transformation. But Martin Amis is also concerned here with what is changeless and perhaps unchangeable. Patriarchy, and the entire edifice of masculinity; the enormous category-error of violence, arising between man and man; the tortuous alliances between men and women; and the vanished dream (probably always an illusion, but now a clear delusion) that we can protect our future and our progeny.
This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by seven central banks between 1997 and 2010. Overall, we find no strong indications that central banks were less clear in explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis, however, did have a negative impact on clarity of central bank communication.
Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.
Why did Greenspan make the key decision of the Clinton boom years - to let the good times roll while unemployment sank to record lows - despite all historical evidence that it would be inflationary?"--BOOK JACKET.
The Hallmark of a great leader is a short read and the authors tone is serious yet fluid. The tone is balanced, the text is simple to read and the word flow is easy to understand. The nine (9) hallmarks deliver thought provoking and life changing leadership principles that will forever change your life”. Get a copy and begin your leadership journey today.
Focuses on the role of money in the macroeconomy and on monetary policy as an instrument for controlling inflation and unemployment. Emphasizes three important macrovariables: the rate of inflation, the interest rate, and output/income.
An Introduction to Middle High German is a dedicated student edition of The Oxford Guide to Middle High German (Jones & Jones; OUP, 2019) designed for taught courses and self-study. It offers a detailed account of the language and literature of German in the period 1050-1350, including an introductory-level grammar and a wide selection of texts with extensive explanatory material. Following an initial chapter that defines Middle High German linguistically, geographically, and chronologically, the grammar and lexis chapters offer a self-contained introduction to the language. The user-friendly and accessible grammatical descriptions and explanations will allow entry-level students to gain sufficient knowledge of the language to read and understand a range of Middle High German texts. Chapter 4 comprises thirty textual passages, each placed in context and with extensive explanatory footnotes to facilitate their use in teaching and class discussion. The volume also offers two essential glossaries, the first covering linguistic terms, and the second offering definitions of the Middle High German vocabulary that appears throughout the book.
The Oxford Guide to Middle High German is the most comprehensive self-contained treatment of Middle High German available in English. It covers the language, literature, history, and culture of German in the period from 1050 to 1350 and is designed for entry-level readers, advanced study, teaching, and reference. The book includes a large sample of texts, not only from Classical works such as Erec, the Nibelungenlied, Parzival, and Tristan, but also from mystical writing, chronicles, and legal documents; the selection represents all major dialects and the full time span of the period. The volume begins with an introduction that defines Middle High German linguistically, geographically, and chronologically. Chapter 2 then provides a detailed exploration of the grammar, covering sounds and spelling, inflectional morphology, syntax, and lexis. Each section in this chapter begins with a summary of the main points, followed by detailed paragraphs for in-depth study and reference. Chapter 3 deals with versification, discussing metre, rhyme, lines of verse in context, and verse forms, and includes practical tips for scansion. Chapter 4 offers an account of the political and social structures of Medieval Germany and a survey of the principal types of texts that originated in the period. The final chapter of the book comprises over forty texts, each placed in context and provided with explanatory footnotes; the first two texts, to be taken together with the introductory grammar sections, are aimed at newcomers. A glossary provides full coverage of the vocabulary appearing in the texts and throughout the book.
Loss of biodiversity is one of the great environmental challenges facing humanity but unfortunately efforts to reduce the rate of loss have so far failed. At the same time, these efforts have too often resulted in unjust social outcomes in which people living in or near to areas designated for conservation lose access to their territories and resources. In this book the author argues that our approach to biodiversity conservation needs to be more strongly informed by a concern for and understanding of social justice issues. Injustice can be a driver of biodiversity loss and a barrier to efforts at preservation. Conversely, the pursuit of social justice can be a strong motivation to find solutions to environmental problems. The book therefore argues that the pursuit of socially just conservation is not only intrinsically the right thing to do, but will also be instrumental in bringing about greater success. The argument for a more socially just conservation is initially developed conceptually, drawing upon ideas of environmental justice that incorporate concerns for distribution, procedure and recognition. It is then applied to a range of approaches to conservation including benefit sharing arrangements, integrated conservation and development projects and market-based approaches such as sustainable timber certification and payments for ecosystem services schemes. Case studies are drawn from the author's research in Rwanda, Uganda, Tanzania, Laos, Bolivia, China and India.
The biblical narrative of the Exodus and of Moses, the reluctant prophet who was chosen to lead it, deals with the critical formative event in the history of ancient Israel. However, the narrative also contains a number of enigmatic passages as well as some seemingly unrelated episodes. In this book, the author undertakes to unravel the enigmas and show how the various disparate elements contribute to the narrative. The focus in The Exodus and the Reluctant Prophet is on what the biblical text is telling us, explicitly as well as implicitly, about the world in which the ancient Israelites became transformed from a mass of ethnically related people into a nation bound by a divine covenant, and the extraordinary role that the Exodus played in the process. In the effort to comprehend and explain the highly complex biblical text, the author has consulted a wide range of commentaries and studies written over a period of some two millennia that have sought to understand the biblical texts from a wide variety of perspectives, many of which are presented for the reader's consideration, including many sources inaccessible to those without a working knowledge of Hebrew.
Far beyond its long-standing decorative and protective use, architectural ceramics has matured into a material system of great potential. Triggered by material research, design computation and digital fabrication methods, the innovations in ceramic technology are enabling expanded applications for ceramics as a multi-functional, performative material system. Ceramic material systems comprise the full ecosystem from material extraction and processing to the assembly of construction elements and their eventual reuse and recycling. This book establishes the state of the art of this quickly emerging field, with a particular interest in presenting the knowledge needed for developing project-specific solutions that often involve custom ceramic elements. The authors provide a rigorous background of the materials and associated technologies as well as inspiration from the very best contemporary buildings using ceramic systems, along with an overview of emerging ceramic technologies and research. The main section of the book is supplemented with a descriptive and critically commented listing of the most interesting and innovative ceramic products on the market today, ranging from interior tile products to complex active façade systems and roof products.
The 2008 financial crisis rippled across the globe and triggered a worldwide recession. Unlike the American banking system which experienced massive losses, takeovers, and taxpayer funded bailouts, Canada’s banking system withstood the crisis relatively well and maintained its liquidity and profitability. The divergence in the two banking systems can be traced to their distinct institutional and political histories. From Wall Street to Bay Street is the first book for a lay audience to tackle the similarities and differences between the financial systems of Canada and the United States. Christopher Kobrak and Joe Martin reveal the different paths each system has taken since the early nineteenth-century, despite the fact that they both originate from the British system. The authors trace the roots of each country’s financial systems back to Alexander Hamilton and insightfully argue that while Canada has preserved a Hamiltonian financial tradition, the United States has favoured the populist Jacksonian tradition since the 1830s. The sporadic and inconsistent fashion in which the American system have changed over time is at odds with the evolutionary path taken by the Canadian system. From Wall Street to Bay Street offers a timely and accessible comparison of financial systems that reflects the political and cultural milieus of two of the world’s top ten economies.
In this astonishing and at times terrifying book, acclaimed writer and political commentator Martin Dillon examines for the first time the true role of religion in the conflict in Northern Ireland. He interviewed those directly involved--terrorists like Kenny McClinton and Billy Wright and churchmen like Father Pat Buckley--finding that the terrorists were more forthcoming than the priests and ministers. Dillon charts the history of the paramilitary forces on both sides and exposes the shocking covert role of British intelligence. He finds that, ultimately, both the church and government have failed their communities, allowing men and women of violence to fill a vacuum with bigotry and violence.
Damon Albarn is the frontman of Blur and the face of Britpop. While his peers have gradually fallen by the wayside, Albarn has reinvented himself as the mastermind behind Gorillaz. With his eclectic solo projects--such as the much-revered The Good, the Bad & the Queen--and his work with legends like Bobby Womack, he has proven that he is one of British music's most innovative and important personalities. With the 2015 release of Blur's first album for more than a decade, Damon Albarn took his place once more as an iconic jewel in the crown of the British music scene. This updated book covers his multiple musical personas in depth, with first-hand interviews by those close to Albarn in his formative years, as well as social and musical context that covers the Britpop era and Albarn's reemergence as the Godfather to the iPod generation.
The Ninety-five Theses, The Bondage of the Will, A Treatise on Christian Liberty, Commentary on Genesis, The Catechism, Sermons, Prayers, Hymns, Letters and many more
The Ninety-five Theses, The Bondage of the Will, A Treatise on Christian Liberty, Commentary on Genesis, The Catechism, Sermons, Prayers, Hymns, Letters and many more
This meticulously edited Martin Luther collection includes: Introduction: Luther by John Acton Works: Disputation on the Power and Efficacy of Indulgences (95 theses) The Bondage of the Will To the Christian Nobility of the German Nation Prelude on the Babylonian Captivity of the Church A Treatise on Christian Liberty A Treatise of Good Works A Treatise on Baptism Disputation on the Divinity and Humanity of Christ The Large Catechism The Small Catechism Commentary on Genesis On the Creation On Sin and the Flood Commentary on the Epistle to the Galatians The Epistles of St. Peter and St. Jude Preached and Explained Epistle Sermons Epiphany, Easter and Pentecost Trinity Sunday to Advent Table Talk The Book of Vagabonds and Beggars Discussion of Confession The Fourteen of Consolation Warning Against the Jews The Smalcald Articles The German Mass and Order of Divine Service An Open Letter on Translating Letter to Several Nuns Hymns Dear Christians, One and All, Rejoice A Mighty Fortress Is Our God Savior of the Nations, Come The Martyrs' Hymn
Martin Buber believed that life's deepest truth lies in human relationships. In this classic work he puts this belief into practice, applying it to the concrete problems of contemporary society.
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