Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth. Taxes and transfers have been debated for centuries, but only now can we get a clear view of the whole evolution of social spending. Lindert argues that, contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth.
Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth. Taxes and transfers have been debated for centuries, but only now can we get a clear view of the whole evolution of social spending. Lindert argues that, contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth.
A book that rewrites the history of American prosperity and inequality Unequal Gains offers a radically new understanding of the economic evolution of the United States, providing a complete picture of the uneven progress of America from colonial times to today. While other economic historians base their accounts on American wealth, Peter Lindert and Jeffrey Williamson focus instead on income—and the result is a bold reassessment of the American economic experience. America has been exceptional in its rising inequality after an egalitarian start, but not in its long-run growth. America had already achieved world income leadership by 1700, not just in the twentieth century as is commonly thought. Long before independence, American colonists enjoyed higher living standards than Britain—and America's income advantage today is no greater than it was three hundred years ago. But that advantage was lost during the Revolution, lost again during the Civil War, and lost a third time during the Great Depression, though it was regained after each crisis. In addition, Lindert and Williamson show how income inequality among Americans rose steeply in two great waves—from 1774 to 1860 and from the 1970s to today—rising more than in any other wealthy nation in the world. Unequal Gains also demonstrates how the widening income gaps have always touched every social group, from the richest to the poorest. The book sheds critical light on the forces that shaped American income history, and situates that history in a broad global context. Economic writing at its most stimulating, Unequal Gains provides a vitally needed perspective on who has benefited most from American growth, and why.
After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made possible by better property-rights protection, lead to a rapid expansion of private credit. The Industrial Revolution, according to this view, is the result of the preceding revolution in public finance. In Prometheus Shackled, prominent economic historians Peter Temin and Hans-Joachim Voth examine this hypothesis using new, detailed archival data from 18th century banks. They conclude the opposite: the financial revolution led to an explosion of public debt, but it stifled private credit. This led to markedly slower growth in the English economy. Temin and Voth collected detailed data from several goldsmith banks: Child's, Gosling's, Freame and Gould, Hoare's, and Duncombe and Kent. The excellent records from Hoare's, founded by Sir Richard Hoare in 1672, offer particular insight. Numerous entrants into the banking business tried their hand at deposit-taking and lending in the early 17th century; few survived and fewer thrived. Hoare's and a small group of competitors did both. Temin and Voth chart the growth of the successful banks in the face of frequent wars and heavy-handed regulations. Their new data allows insights into the interaction between financial and economic development. Government regulations such as (a sharply lower) maximum interest rate caused severe misallocation of credit, and a misguided attempt to lighten the nation's debt burden led directly to the South Sea Bubble in 1720. Frequent wars caused banks to call in loans, resulting in a sharply slower economic growth rate. Based on detailed micro-data, the authors present conclusive evidence that wartime borrowing crowded out investment. Far from fostering economic development, England's financial revolution after 1688 did much to stifle it -- the Hanoverian "warfare state" was a key reason for slow growth during Britain's Industrial Revolution. Prometheus Shackled is a revealing new take on one of the most important periods of economic and financial development.
It's time for a story of human evolution that goes beyond describing "ape-men" and talks about what women and children were doing. In a few decades, a torrent of new evidence and ideas about human evolution has allowed scientists to piece together a more detailed understanding of what went on thousands and even millions of years ago. We now know much more about the problems our ancestors faced, the solutions they found, and the trade-offs they made. The drama of their experiences led to the humans we are today: an animal that relies on a complex culture. We are a species that can and does rapidly evolve cultural solutions as we face new problems, but the intricacies of our cultures mean that this often creates new challenges. Our species' unique capacity for culture began to evolve millions of years ago, but it only really took off in the last few hundred thousand years. This capacity allowed our ancestors to survive and raise their difficult children during times of extreme climate chaos. Understanding how this has evolved can help us understand the cultural change and diversity that we experience today. Lesley Newson and Peter Richerson, a husband-and-wife team based at the University of California, Davis, began their careers with training in biology. The two have spent years together and individually researching and collaborating with scholars from a wide range of disciplines to produce a deep history of humankind. In A Story of Us, they present this rich narrative and explain how the evolution of our genes relates to the evolution of our cultures. Newson and Richerson take readers through seven stages of human evolution, beginning seven million years ago with the apes that were the ancestors of humans and today's chimps and bonobos. The story ends in the present day and offers a glimpse into the future.
Oxford presents, in one convenient and coherently organized volume, 20 influential but until now relatively inaccessible articles that form the backbone of Boyd and Richerson's path-breaking work on evolution and culture. Their interdisciplinary research is based on two notions. First, that culture is crucial for understanding human behavior; unlike other organisms, socially transmitted beliefs, attitudes, and values heavily influence our behavior. Secondly, culture is part of biology: the capacity to acquire and transmit culture is a derived component of human psychology, and the contents of culture are deeply intertwined with our biology. Culture then is a pool of information, stored in the brains of the population that gets transmitted from one brain to another by social learning processes. Therefore, culture can account for both our outstanding ecological success as well as the maladaptations that characterize much of human behavior. The interest in this collection will span anthropology, psychology, economics, philosophy, and political science.
In countries that have managed to confront and cope with the challenges of food insecurity over the past two centuries, markets have done the heavy lifting. Markets serve as the arena for allocating society's scarce resources to meet the virtually unlimited needs and desires of consumers: no other mechanism can efficiently signal fluctuations in scarcity and abundance, the cost of labor, or the value of commodities. But markets fail at tasks that society regards as important; thus, governments have had to intervene to stabilize the economic environment and provide essential public goods, such as transportation and communications networks, agricultural research and development, and access to quality health and educational facilities. Ending hunger requires that each society find the right balance of market forces and government interventions to drive a process of economic growth that reaches the poor and ensures that food supplies are readily, and reliably, available and accessible to even the poorest households. But locating that balance has been a major challenge for many countries, and seems to be getting more difficult as the global economy becomes more integrated and less stable. Food Security and Scarcity explains what forms those challenges take in the long run and short term and at global, national, and household levels. C. Peter Timmer, best known for his work on the definitive text Food Policy Analysis, draws on decades of food security research and analysis to produce the most comprehensive and up-to-date assessment of what makes a productive, sustainable, and stable food system—and why so many countries have fallen short. Poverty and hunger are different in every country, so the manner of coping with the challenges of ending hunger and keeping it at bay will depend on equally country-specific analysis, governance, and solutions. Timmer shows that for all their problems and failures, markets and food prices are ultimately central to solving the problem of hunger, and that any coherent strategy to improve food security will depend on an in-depth understanding of how food markets operate. Published in association with the Center for Global Development.
This text is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. Revised and updated to include more exercises for guided self study, as well as a technical appendix covering required mathematical topics beyond calculus, the second edition is appropriate for both upper undergraduate and graduate students studying development economics and macroeconomics.
The authors challenge the view that restraining government social spending and cutting welfare should be our top domestic priorities. Instead, they propose policies that would reduce poverty by supplementing the earnings of low-wage workers and increasing the employment prospects of the jobless.
This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Revised and updated to include new research findings and recent policy discussions, the second edition contains 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present. The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth. The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public official. The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the second edition contains a technical appendix, expanded end-of-chapter questions and problems, and a complete solutions manual. The second edition also offers updated resources for instructors, including sample syllabi and over 550 multiple choice questions. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.
This book argues that our perspectives on democratization reflect the intellectual origins of the inquiry. A range of disciplines from anthropology to economics, sociology and legal scholarship, as well as different area studies, offer a rich combination of analytical frameworks, distinctive insights and leading points of concern.
This book explores relationships between war, displacement and city-making. Focusing on people seeking refuge in Somali cities after being forced to migrate by violence, environmental shocks or economic pressures, it highlights how these populations are actively transforming urban space. Using first-hand testimonies and participatory photography by urban in-migrants, the book documents and analyses the micropolitics of urban camp management, evictions and gentrification, and the networked labour of displaced populations that underpins growing urban economies. Central throughout is a critical analysis of how the discursive figure of the ‘internally displaced person’ is co-produced by various actors. The book argues that this label exerts significant power in structuring socio-economic inequalities and the politics of group belonging within different Somali cities connected through protracted histories of conflict-related migration.
A NEW YORKER BEST BOOK OF THE YEAR • A revolutionary new history that reveals how climate change has dramatically shaped the development—and demise—of civilizations across time *The ebook edition now includes endnotes. Anyone who purchased the book previously can re-download this updated edition and access the notes.* Global warming is one of the greatest dangers mankind faces today. Even as temperatures increase, sea levels rise, and natural disasters escalate, our current environmental crisis feels difficult to predict and understand. But climate change and its effects on us are not new. In a bold narrative that spans centuries and continents, Peter Frankopan argues that nature has always played a fundamental role in the writing of history. From the fall of the Moche civilization in South America that came about because of the cyclical pressures of El Niño to volcanic eruptions in Iceland that affected Egypt and helped bring the Ottoman empire to its knees, climate change and its influences have always been with us. Frankopan explains how the Vikings emerged thanks to catastrophic crop failure, why the roots of regime change in eleventh-century Baghdad lay in the collapse of cotton prices resulting from unusual climate patterns, and why the western expansion of the frontiers in North America was directly affected by solar flare activity in the eighteenth century. Again and again, Frankopan shows that when past empires have failed to act sustainably, they have been met with catastrophe. Blending brilliant historical writing and cutting-edge scientific research, The Earth Transformed will radically reframe the way we look at the world and our future.
First Published in 1993, this is part of the Graduate Institute of International Studies, Geneva series.This study which looks at whether scholars of international politics attempt to understand cooperative behavior in the light of the theories developed by the observers of both conflict and of cooperation. This volume expands the short list of such works and does so with insight, a wide range of scholarship and a willingness to test particular cases against existing theory. The author has written a book which expands the knowledge of, but also a thoughtful improvement of existing theoretical approaches. Uvin's universe of enquiry excludes military power and its application. It concentrates on the long-term, complex organization of cooperative transnational behavior and its rationale. Its focusses on functional issues involving world hunger, a haunting background and result, and perhaps even one cause, of the dreadful violence that characterizes our world even as the threat of catastrophic nuclear warfare has declined.
CHOICE OUTSTANDING ACADEMIC TITLE AWARD WINNER 2018 It is commonly accepted that the consumer is now centre stage in modern Britain, rather than the worker or producer. Consumer choice is widely regarded as the major source of self-definition and identity rather than productive activity. Politicians vie with each other to fashion their appeal to 'citizen-consumers'. When and how did these profound changes occur? Which historical alternatives were pushed to the margins in the process? In what ways did the everyday consumer practices and forms of consumer organising adopted by both middle and working-class men and women shape the outcomes? This study of the making of consumer culture in Britain since 1800 explores these questions, introduces students to major debates and cuts a distinctive path through this vibrant field. It suggests that the consumer culture that emerged during this period was shaped as much by political relationships as it was by economic and social factors.
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3) Today's developing countries have larger government sectors than did today's developed countries at similar stages of development. The explanations for these facts are based on the structural transformation from traditional (mostly agricultural) to modern (industrial and post-industrial) production, rising public infrastructure investment, and less representative governments in many of today's developing economies.
Surviving Hypoxia: Mechanisms of Control and Adaptation is a synthesis of findings and thoughts concerning hypoxia. The thermodynamics of hypoxia are discussed in detail, including acid-base balance and self-pollution resulting from the accumulation of anaerobic end-products. The book focuses on descriptions and discussions of common facets, contrasting solutions in a variety of physiological hypoxia defense strategies, including those shown by plants, invertebrates, and vertebrates. Special treatment is given to the distinctive problems that hypoxia presents to vulnerable organs such as the kidney, liver, and brain. It also addresses pathological events in addition to protective mechanisms. Clinical implications of basic research are examined in the book, which provides new insights into underlying pathological processes occuring in hypoxic-induced organ failure and indicates new paths for successful clinical intervention. Surviving Hypoxia: Mechanisms of Control and Adaptation is an excellent reference for all researchers interested in the physiological effects of hypoxia, underlying pathological events, and protective mechanisms.
The second edition of Transient Ischemic Attack and Stroke covers the clinical background and management of the full clinical spectrum of cerebrovascular disease, from TIA to vascular dementia, in a compact, but evidence-based format making a comprehensive primer in stroke medicine. Accurate diagnosis and appropriate investigation and management have a major impact on patient outcomes in cerebrovascular disease, such as the effect of urgent antithrombotic treatment on early recurrent stroke after TIA and minor stroke, the effect of interventions such as thrombectomy and hemicraniectomy in major acute stroke, and the effect of stroke units and organised stroke care. Written by a leading team of clinicians and researchers in the field, this book will be essential to neurologists, geriatricians, stroke physicians, allied health workers and all others with an interest in stroke.
Demystifying the subject with clarity and verve, History: An Introduction to Theory, Method and Practice familiarizes the reader with the varied spectrum of historical approaches in a balanced, comprehensive and engaging manner. Global in scope, and covering a wide range of topics from the ancient and medieval worlds to the twenty-first century, it explores historical perspectives not only from historiography itself, but from related areas such as literature, sociology, geography and anthropology. Clearly written, accessible and student-friendly, this second edition is fully updated throughout to include: An increased spread of case studies from beyond Europe, especially from American and imperial histories. New chapters on important and growing areas of historical inquiry, such as environmental history and digital history Expanded sections on political, cultural and social history More discussion of non-traditional forms of historical representation and knowledge like film, fiction and video games. Accompanied by a new companion website (www.routledge.com/cw/claus) containing valuable supporting material for students and instructors such as discussion questions, further reading and web links, this book is an essential introduction for all students of historical theory and method.
The eighteenth century represents a critical period in the transition of the English urban history, as the town of the early modern era involved into that of the industrial revolution; and since Britain was the 'first industrial nation', this transformation is of more-than-national significance for all those interested in the histroy of towns. This book gathers together in one volume some of the most interesting and important articles that have appeared in research journals to provide a rich variety of perspectives on urban evelopment in the period.
Peter Schrag is the model for all political writers. He is committed, passionate, and eloquent, but always stays harnessed to the facts and rooted in the realities of politics and human nature. He reports out everything, and he writes like a dream. We can be grateful that in Not Fit for Our Society he has turned his gifts to the seemingly intractable problem of immigration. We will have to settle this issue again, as we always manage to do despite enormous commotion and anxiety. Schrag will force everyone to think more clearly and to approach immigration with both compassion and good sense."_EJ Dionne, Jr., author of Souled Out "Just who is fit to be part of the society that became a nation in 1776 and who decides, and on what basis? In Not Fit for Our Society, Peter Schrag offers an invigorating, well-informed, carefully reasoned investigation into today's immigration debates."_David Hollinger, President of the Organization of American Historians, 2010-2011 "Peter Schrag has a unique view of the immigration debate and policies that have shaped our country since it's founding. His very timely writing of Not Fit for our Society helps us to better understand how the immigration debate and politics have gotten us to where we are today. His insights and intellect on the subject give all of us much to think about as we move forward on this very important issue."_Doris O. Matsui, Member of Congress "Peter Schrag has done it again. A sweeping review that puts the ferocity of our current immigration debate in historical context, Not Fit for Our Society is a must-read for those hoping to get past talk-show rhetoric and cherry-picked facts. Uncovering the dark impulses that have long undergirded nativist thought, he argues that we have seen this before_and that America will be better if we see through it again."_Manuel Pastor, University of Southern California "Peter Schrag offers a lively and thoughtful reinterpretation of America's ambivalence about immigration and immigrants' place in the nation's life. Drawing on his reading of primary sources and the latest scholarship, he tells a story rich in irony, detail, and nuance, tracing the history of nativism from the earliest days of the Republic to the current debates over immigration reform. The book is particularly striking for the way that it connects the arguments and organizations of the current anti-immigration movement to their roots in the eugenics movement and pseudo-scientific racism of the early 20th century."_Mark Paul, New America Foundation "[Schrag] delivers a story rich in irony, detail, and nuance, often told with passion and frequently challenging orthodoxies of both the political right and left. It is the right book at the right time."-Mark Paul, New America Foundation "History's lessons come through loud and clear as Peter Schrag vividly recounts the characters and the ideas behind that side of America that rejects immigration. Illuminating both in its sweep and its detail this 300-year narrative makes an important contribution to our understanding of today's policy debates."_Roberto Suro, author of Strangers Among US: Latino Lives in a Changing America "In an intemperate time, Peter Schrag's voice is lucid and truly American."_Richard Rodriguez
The idea of a guaranteed minimum income has been central to British social policy debates for more than a century. Since the First World War, a variety of market economists, radical activists, and social reformers have emphasized the possibility of tackling poverty through direct cash transfers between the state and its citizens. As manufacturing employment has declined and wage inequality has grown since the 1970s, cash benefits and tax credits have become an important source of income for millions of working-age households, including many low-paid workers with children. The nature and purpose of these transfer payments, however, remain highly contested. Conservative and New Labour governments have used in-work benefits and conditionality requirements to 'activate' the unemployed and reinforce the incentives to take low-paid work - an approach which has reached its apogee in Universal Credit. By contrast, a growing number of campaigners have argued that the challenge of providing economic security in an age of automation would be better met by paying a Universal Basic Income to all citizens. Transfer State provides the first detailed history of guaranteed income proposals in modern Britain, which brings together intellectual history and archival research to show how the pursuit of an integrated tax and benefit system has shaped UK public policy since 1918. The result is a major new analysis of the role of cash transfers in the British welfare state which sets Universal Credit in a historical perspective and examines the cultural and political barriers to a Universal Basic Income.
Rich people stash away trillions of dollars in tax havens like Switzerland, the Cayman Islands, or Singapore. Multinational corporations shift their profits to low-tax jurisdictions like Ireland or Panama to avoid paying tax. Recent stories in the media about Apple, Google, Starbucks, and Fiat are just the tip of the iceberg. There is hardly any multinational today that respects not just the letter but also the spirit of tax laws. All this becomes possible due to tax competition, with countries strategically designing fiscal policy to attract capital from abroad. The loopholes in national tax regimes that tax competition generates and exploits draw into question political economic life as we presently know it. They undermine the fiscal autonomy of political communities and contribute to rising inequalities in income and wealth. Building on a careful analysis of the ethical challenges raised by a world of tax competition, this book puts forward a normative and institutional framework to regulate the practice. In short, individuals and corporations should pay tax in the jurisdictions of which they are members, where this membership can come in degrees. Moreover, the strategic tax setting of states should be limited in important ways. An International Tax Organisation (ITO) should be created to enforce the principles of tax justice. The author defends this call for reform against two important objections. First, Dietsch refutes the suggestion that regulating tax competition is inefficient. Second, he argues that regulation of this sort, rather than representing a constraint on national sovereignty, in fact turns out to be a requirement of sovereignty in a global economy. The book closes with a series of reflections on the obligations that the beneficiaries of tax competition have towards the losers both prior to any institutional reform as well as in its aftermath.
Despite a spectacular expansion of the higher education sector in Sub-Saharan Africa, the supply of tertiary education has generally failed to keep pace with demand, and the region continues to lag behind all other regions in terms of access to tertiary education. This is in part a consequence of deeply entrenched patterns of inequitable access to higher education, and the perpetuation of what researchers refer to as “elite systems.†? To date, access to tertiary education in Sub-Saharan Africa has unduly benefited students drawn from the region’s wealthiest households, and overall enrollment remains disproportionately male and metropolitan. These factors stifle the catalytic potential of higher education, corroding its potential for driving economic growth and sustaining poverty reduction. Instead, patterns of access to tertiary education have generally reinforced and reproduced social inequality, instead of eroding its pernicious social and economic effects. Sharing Higher Education’s Promise beyond the Few in Sub-Saharan Africa aims to inform an improved understanding of equity in tertiary enrollment in Sub-Saharan African countries and to examine the extent to which inequity functions as a bottleneck, inhibiting the ability of African universities to effectively drive improvements in overall quality of life and economic competitiveness. In our survey of the evidence, we also aim to identify which policies most effectively address the challenge of promoting equity of access in Sub-Saharan African tertiary education systems. To achieve these objectives, the book collects, generates, and analyzes empirical evidence on patterns of equity; examines the underlying causes of inequity; and evaluates government policies for addressing inequity.
Introducing Global Health: Practice, Policy, and Solutions is a contemporary overview of the major issues in global public health. The book explores how population health might be maximized with the right blend of health system, education, antipoverty, infectious disease, urban development, governance, and incentive-based policies. It covers topics critical for understanding the state of the world today, including wars for natural resources, the missing women phenomenon, and whether global aid really works. The book's case studies focus on developing economies, mixed economies, and new emerging superpowers. Thematic chapters are interwoven with running motifs, such as the health risks and benefits associated with different totalitarian, capitalist, and market socialist economies. Moving beyond statistics, the book represents a major innovation in the teaching of global health by presenting technical concepts including the incidence and prevalence of disease within the context of more accessible topics such as global poverty. This helps students contextualize otherwise challenging but critical concepts, such as the burden of infectious disease. By encouraging reflection, focusing on what works, and using activities and exercises, Introducing Global Health both teaches fundamentals of global public health and cultivates a policy perspective that is appealing and compelling for today's students.
Exam Board: OCR Level: A-level Subject: Economics First Teaching: September 2015 First Exam: June 2016 This textbook has been produced in collaboration with OCR for use with the new 2015 OCR Economics specification, giving you up-to-date material that supports your teaching. This book will enable students to - Develop subject knowledge, with topic-by-topic insight and advice from Peter Smith, a professorial fellow in: Economics and editor of Economic Review - Demonstrate awareness of current issues in economics and build analytical and evaluative skills with new case studies - Build their quantitative skills with worked examples - Accurately explain key economic concepts and issues by learning the key terms throughout the text and in the end of section glossaries - Prepare for exams with practice questions and activities throughout the book Contents Introduction Section 1 - Microeconomics - Part 1 Scarcity and choice --Chapter 1: Introducing economics - Part 2 How competitive markets work --Chapter 2: The coordination problem --Chapter 3: The nature of demand --Chapter 4: The nature of supply --Chapter 5: Market equilibrium and the price system --Chapter 6: Prices and resource allocation -Part 3 Market failure and government intervention --Chapter 7: Market failure and externalities --Chapter 8: Other forms of market failure --Chapter 9: Government intervention and government failure Microeconomics key terms Microeconomics practice questions Section 2 - Macroeconomics - Part 4 Economic policy objectives and indicators of macroeconomic performance --Chapter 10: Macroeconomic performance: inflation --Chapter 11: Macroeconomic performance: employment and unemployment --Chapter 12: Measuring economic performance: economic growth - Part 5 Aggregate demand and aggregate supply --Chapter 13: Aggregate demand --Chapter 14: Aggregate supply and macroeconomic equilibrium - Part 6 The application of policy instruments --Chapter 15: Macroeconomic policy instruments - Part 7 The global context --Chapter 16: International trade --Chapter 17: The balance of payments and the exchange rate Macroeconomics key terms Macroeconomics practice questions Index
Technology and In/equality explores the diverse implications of the new information and communication technologies through case studies of their applications in three main areas - media, education and training, and work. Questions of access to and control over crucial resources such as information, knowledge, skills and income ae addressed drawing upon insights from science and technology studies, innovation theory, sociology and cultural studies. All of the chapters question the meanings of the terms 'technology' and 'inequality' and of the widespread association of technology with progress. Written with a non-specialist readership in mind, all complex theories and key concepts are carefully explained making the book easily accessible and relevant to a wide range of courses.
This book deals with the evolution of monetary systems. Firstly, it argues that money forms a constitutional element in any private-ownership economy, estab lishing a nominal-standard order for the market behaviour of individual agents. The market economy is basically a payment society where money structures and values economic activities, and performs itself as a market asset. The use of re sources and the production of commodities are governed by calculations in mone tary values which subordinate production and employment to the logic of asset markets. The "veil" of money cannot be withdrawn, as a matter of fact and in theoretical analysis, without changing the economic order of society. Money originates from a credit relation between market agents, thus spot payments re place intertemporal exchange. Problems of low trust and information in mutual economic relations are projected onto the money medium in a monetary economy, thereby enhancing its efficiency and dynamics. The rate of interest is not related to time; it is the price for maintaining the agents' solvency in the current period, and it determines a positive rate of return on capital and production. Secondly, the book shows that network externalities in the use of money led to monopoly solutions in the national and hegemonic leader-follower relations in the international economy.
In November 2020, The New York Times asked fifteen of its columnists to 'explain what the past four years have cost America.' Not one of the columnists focused on President Trump's racism. This book seeks to redress this imbalance and bring Black Americans' role in our economy to the forefront. While all humans were created equal, economic history in the United States tells a different story. Reconstruction lasted for only a decade, and Jim Crow laws replaced it. The Civil Rights Movement lasted through the 1960s, yet decayed under President Nixon. The United States has been declining in the Social Product Index, where it now is the lowest of the G7 and 26th in the world. For health and happiness, Temin argues that we need lasting integration efforts that allow Black Americans equal opportunity. This book convincingly integrates Black and white activities into an inclusive economic history of America.
This book presents the first scholarly study of the contribution of canals to Britain’s industrial revolution. Although the achievements of canal engineers remain central to popular understandings of industrialisation, historians have been surprisingly reticent to analyse the full scope of the connections between canals, transport and the first industrial revolution. Focusing on Manchester, Britain’s major centre of both industrial and transport innovation, it shows that canals were at the heart of the self-styled Cottonopolis. Not only did canals move the key commodities of Manchester’s industrial revolution –coal, corn, and cotton – but canal banks also provided the key sites for the factories that made Manchester the ‘shock city’ of the early Victorian age. This book will become essential reading for historians and students interested in the industrial revolution, transport, and the unique history of Manchester, the world’s first industrial city.
This concise and timely book, written by one of the world's leading authorities on China, argues that the country is at a crossroads in its development and explores the challenges that lie ahead. A concise and timely book about China and its future, which argues that the country it at a crossroads in its development. Written by one of the world’s leading authorities on China. Explores the challenges facing China's leadership in the 21st Century, including poverty and inequality, the global business revolution, the environment, the capability and role of the state, international relations, the communist party, and the economy. Puts forward a concrete view about the course China should follow in the coming decades.
Peter Schrag takes on the big issues immigration, globalization, and the impact of California's politics on its quality of life in this dynamic account of the Golden State's struggle to recapture the American dream. In the past half-century, California has been both model and anti-model for the nation and often the world, first for its high level of government and public services schools, universities, highways and latterly for its dysfunctional government, deteriorating services, and sometimes regressive public policies. "California "explains how many current "solutions" exacerbate the very problems they're supposed to solve and analyzes a variety of possible state and federal policy alternatives to restore government accountability and a vital democracy to the nation's most populous state and the world's fifth-largest economy.
What kinds of jobs did children do in the past, and how widespread was their employment? Why did so many poor families put their children to work? How did the state respond to child labour? What problems arise in the interpretation of evidence of child employment? Child Labour in Britain, 1750-1870 - Offers a broad empirical analysis of how the work of children was integrated with the major economic and occupational changes of eighteenth- and nineteenth-century Britain - Argues that working children occupied a unique position within the context of the family, the labour market and the state - Discusses the key issues involved in the study of children's employment In this clear and concise study, Peter Kirby convincingly argues that child labour provided an invaluable contribution to economic growth and the incomes of working-class households. Consequently, the picture that emerges is much more complex than that portrayed in many traditional approaches to the subject.
The Routeldge Handbook of Latin American Politics brings together the leading figures in the study of Latin America to present extensive empirical coverage and a cutting-edge examination of the central areas of inquiry in the region.
Daniel Webster and the Unfinished Constitution reveals Webster as the foremost constitutional lawyer of his day. Peter Charles Hoffer builds a persuasive case that Webster was more than a skilled practitioner who rose rapidly from his hardscrabble New Hampshire origins. Hoffer thoroughly documents the ways in which Webster was an innovative jurist. While Chief Justice John Marshall gets credit for much of our early constitutional jurisprudence, in fact in a series of key cases Marshall simply borrowed Webster’s oral and written arguments. For Webster, Marshall, and many lawyers and jurists of their day, professions of adherence to the Constitution were universal. Yet they knew that the Constitution could not be fixed in time; its text needed to be read in light of the rapidly transforming early republic and antebellum eras or it would become irrelevant. As Chief Justice Marshall explained in Bank of the United States v. Deveaux (1809): “A constitution, from its nature, deals in generals, not in detail. Its framers cannot perceive minute distinctions which arise in the progress of the nation, and therefore confine it to the establishment of broad and general principles.” But were these “broad and general principles” themselves fixed? For Webster there were landmarks: the Contract Clause and the Commerce Clause. While others were exploring and surveying the Northwest Territory and the Louisiana Purchase, Webster set out to map the spaces in the constitutional and legal landscape that were unmarked. Peter Charles Hoffer provides an insightful and timely study of how Webster’s analysis of three key constitutional issues is relevant to today’s constitutional conflicts: the relationship between law and politics, between public policy and private rights, and between the federal government and the states, all of which remain contentious in our constitutional jurisprudence and crucial to our constitutional order.
The Emergence of Football fuses sports history into mainstream economic, social and cultural history, setting the development of the people’s game against the backdrop of the Industrial Revolution. The book challenges conventional histories of nineteenth-century football that surrounded mass games and the public schools and extends the revisionist critique of those histories with the imaginative use of new and original empirical evidence. It outlines the continuing presence of a working-class footballing culture across the century, arguing that the structure of football was a product of industrialisation, urbanisation and population growth that had resulted in a far-reaching restructuring of the class system and urban hierarchies. It was these new hierarchies and class system that gave birth to professional football by the late 1870s. It is essential reading for students of sports studies, economic, social and cultural history, urban and local history, and sociology, as well as a valuable resource for scholars and academics involved in the study of football across the world. This is an absorbing and fascinating read for any of the millions of fans of the game who are interested in the early history of football.
The World We Have Lost is a seminal work in the study of family and class, kinship and community in England after the Middle Ages and before the changes brought about by the Industrial Revolution. The book explores the size and structure of families in pre-industrial England, the number and position of servants, the elite minority of gentry, rates of migration, the ability to read and write, the size and constituency of villages, cities and classes, conditions of work and social mobility.
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