Mervyn Lewis and Paul Mizen have written a clear and interesting account of both theoretical and practical aspects of money's role in the economy. Taking the UK as their starting point, they have incorporated international data to illuminate key concepts. Grounded in theory throughout, and including helpful chapter conclusions summarizing the key ideas of each topic area, this analysis will allow students world-wide to understand the role of money in the modern economy.
The book would be a good companion text for an undergraduate class in international finance or open-economy macroeconomics. Catherine L. Mann, Journal of Economic Literature Untangling the US Deficit is a unique and well-researched book and will be of great interest to academic economists and postgraduates. Policymakers, business and market economists will also find it an enlightening and challenging analysis. sirreadalot.org The book is written in a very accessible fashion, even though the authors strive to accommodate competing and complex views on the causes and cures of the US external deficit, which makes for enjoyable and informative reading. Their reliance on data, charts and bibliography result in persuasive arguments. Recommended. General readers; upper-division undergraduates through practitioners. A. Sharma, Choice What are the causes of the US current account deficit? Are the problems made in the US or the rest of the world? Are these deficits sustainable, at what level? These are the types of questions the authors set out to answer, and in essence conclude that the answers do not matter for global stability as long as imbalances are left to market forces and the US can avoid large net income outflows. The beauty of this book, however, is watching the authors (the unusual combination of a business economist and an academic economist) arrive at this conclusion. They provide insights that can come only from years of practical and theoretical experience. William E. Becker, Indiana University Bloomington, US As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit s causes and consequences has also grown. Is the deficit a product of American profligacy or a glut of savings in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China United States trade imbalance and to the special role of the US dollar and US capital markets in global finance. This unique and well-researched book will be of great interest to academic economists and postgraduates. Policy-makers, business and market economists will also find it to be an enlightening and challenging account.
Public private partnerships (PPPs) have been a controversial approach to procuring public infrastructure services. Against a background of recent trenchant criticism of PPPs, Mervyn K. Lewis, a leading scholar in the area, re-examines their utility. He questions what PPPs can and cannot do, why governments choose this route and whether PPPs can ever be good value for money.
There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods – with well-researched strengths and weaknesses – the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.
Public private partnerships (PPPs) have been a controversial approach to procuring public infrastructure services. Against a background of recent trenchant criticism of PPPs, Mervyn K. Lewis, a leading scholar in the area, re-examines their utility. He questions what PPPs can and cannot do, why governments choose this route and whether PPPs can ever be good value for money. ¬+ The author analyses the extensive use of PPPs for hospitals and transport megaprojects and outlines the key challenges to implementing them, shaping the future direction of the PPP model. Exploring the psychological influences on decision-making, the book also puts a new focus on the people delivering the project; it is not only a matter of selecting the right model. Professor Lewis concludes that, although the PPP model remains problematic, if chosen appropriately every procurement approach has its place in good policy. ¬+ Providing an in-depth exploration of the features of PPPs and the complexities of megaprojects, Rethinking Public Private Partnerships will be of considerable interest to academics and students of public policy, economic regulation and governance, and public finance. Its re-assessment of the field will also prove invaluable for government procurers, advisory firms and PPP experts.
This path-breaking book considers the recent trend for governments to look increasingly to private sector finance, provided by private enterprises constructing and managing public infrastructure facilities in partnership with government bodies. 'The boundaries between the public and private sector are the most important political issue of our time.
A young heir matures within a bleak, sprawling castle filled with intrigue in this epic gothic trilogy, featuring over 100 illustrations by the author. Titus is expected to rule this extraordinary kingdom and his eccentric and wayward subjects. But with the arrival of an ambitious kitchen boy, Steerpike, the established order is thrown into disarray. Over the course of these three novels—Titus Groan, Gormenghast, and Titus Alone—Titus must contend with a kingdom about to implode beneath the weight of centuries of intrigue, treachery, manipulation, and murder. Intoxicating, rich, and unique, The Gormenghast Trilogy is a tour de force that ranks as one of the twentieth century's most remarkable feats of imaginative writing. This special edition, published for the centenary of Mervyn Peake’s birth, is accompanied by over one hundred of Peake's dazzling drawings. Praise for Mervyn Peake and the Gormenghast Trilogy “[Peake’s books] are actual additions to life; they give, like certain rare dreams, sensations we never had before and enlarge our conception of the range of possible experience.” —C. S. Lewis “Mervyn Peake is a finer poet than Edgar Allan Poe, and he is therefore able to maintain his world of fantasy brilliantly through three novels. It is a very, very great work . . . A classic of our age.” —Robertson Davies “[A] magnificent ediface spun from thin air by a tortured genius.” —Liz Jensen, author of The Rapture “This extravagant epic about a labyrinthine castle populated with conniving Dickensian grotesques is the true fantasy classic of our time.” —Washington Post Book World
“A startling and unusual creation by an author who had imagination to burn and burn again . . . A feat of storytelling unmatched in wit or imagination.” —SFF180 The basis for the 2000 BBC series Now in development by Showtime As the novel opens, Titus, lord of Castle Gormenghast, has abdicated his throne. Born and brought to the edge of manhood in the huge, rotting castle, Titus rebels against the age-old ritual of which he is both lord and prisoner and rushes headlong into the world. From that moment forward, he is thrust into a stormy land of a dark imagination, where figures and landscapes loom up with the force and vividness of a dream—or a nightmare. This final installment in the Gormenghast Trilogy is a fantastic triumph—a conquest awash in imagination, terror, and charm. Praise the Gormenghast Trilogy “There is nothing in literature like Mervyn Peake’s remarkable Gormenghast novels . . . They were crafted by a master, who was also an artist, and they take us to an ancient castle as big as a city, with heroes and villains and people larger than life that are impossible to forget.” —Neil Gaiman “[Peake’s books] are actual additions to life; they give, like certain rare dreams, sensations we never had before, and enlarge our conception of the range of possible experience.” —C. S. Lewis “Mervyn Peake is a finer poet than Edgar Allan Poe, and he is therefore able to maintain his world of fantasy brilliantly through three novels. It is a very, very great work.” —Robertson Davies, New York Times-bestselling author
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