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Author: Paul A. David
Publisher: Oxford University Press
ISBN: 9780197263471
Category : Business & Economics
Languages : en
Pages : 548
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Book Description
In this volume, leading modern economic historians show how analysis of past experiences contributes to a better understanding of present-day economic conditions; they offer important insights into major challenges that will occupy the attention of policy makers in the coming decades. The seventeen essays are organised around three major themes, the first of which is the changing constellation of forces sustaining long-run economic growth in market economies. The second major theme concerns the contemporary challenges posed by transitions in economic and political regimes, and by ideologies that represent legacies from past economic conditions that still affect policy responses to new 'crises'. The third theme is modern economic growth's diverse implications for human economic welfare - in terms of economic security, nutritional and health status, and old age support - and the institutional mechanisms communities have developed to cope with the risks that individuals are exposed to by the concomitants of rising prosperity.
Author: Paul A. David
Publisher: Oxford University Press
ISBN: 9780197263471
Category : Business & Economics
Languages : en
Pages : 548
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Book Description
In this volume, leading modern economic historians show how analysis of past experiences contributes to a better understanding of present-day economic conditions; they offer important insights into major challenges that will occupy the attention of policy makers in the coming decades. The seventeen essays are organised around three major themes, the first of which is the changing constellation of forces sustaining long-run economic growth in market economies. The second major theme concerns the contemporary challenges posed by transitions in economic and political regimes, and by ideologies that represent legacies from past economic conditions that still affect policy responses to new 'crises'. The third theme is modern economic growth's diverse implications for human economic welfare - in terms of economic security, nutritional and health status, and old age support - and the institutional mechanisms communities have developed to cope with the risks that individuals are exposed to by the concomitants of rising prosperity.
Author: Sharmistha Bagchi-Sen
Publisher: Routledge
ISBN: 1134208782
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
The impact of economic geography both within and beyond the wider field of geography has been constrained in the past by its own limitations. Drawing together the work of several eminent geographers this superb collection assesses the current state of knowledge in the sub discipline and its future direction. In doing so, the contributors show how economic geographers have offered explanations that affect places and lives in the broader context of the global economy. Offering a discussion of theoretical constructs and methodologies with the purpose to show the need to combine different approaches in understanding spatial (inter) dependencies, contributors also demonstrate the need to engage with multiple audiences, and within this context they proceed to examine how geographers have interfaced with businesses and policy. This excellent collection moves economic geography from a preoccupation with theory towards more rigorous empirical research with greater relevance for public policy. With excellent breadth of coverage, it provides an outstanding introduction to research topics and approaches.
Author: Barry Eichengreen
Publisher: Princeton University Press
ISBN: 0691191867
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.
Author: Elena Esposito
Publisher: Edward Elgar Publishing
ISBN: 9781849809115
Category : Business & Economics
Languages : en
Pages : 233
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Book Description
'Within the cacophony of voices trying to explain the recent financial crisis, Elena Esposito's voice sounds clear and deep. Steering away from simplistic condemnations and equally simplistic prescriptions for betterment, she connects the very invention of derivatives to that eternal human hope – of controlling the future. While the task is impossible, the attempts never stop, and the very process of attempting it brings some consolation. And while derivatives can be seen, claim sociologists of finance, as performative, that is shaping the future they promise to control, even this is far from certain. Esposito's fascinating and beautiful work is an important contribution to the sociology of finance, a subdiscipline of sociology that took on itself an extremely important task of explaining how the finance markets really work.'– Barbara Czarniawska, University of Gothenburg, Sweden'This is a brilliant and timely book that shows how financing is centrally implicated in the very unpredictability and uncertainty it purports to master. With the incisiveness characteristic of her style and writing, Esposito reads economics in innovative ways that disclose the hidden premises by which financial instruments trade and consume the prospects of the future.' – Jannis Kallinikos, London School of Economics, UK'Elena Esposito's analysis of financial markets and of their recent decline is radically different from the analyses which can be found in economic journals or books. Financial operations are reduced to their basic dimensions: time and money. Under this perspective, what is sold on financial markets is the possibility for the creation of commitments in the course of time, the possibility for the combination of these commitments with one another, and the identification of chances for the achievement of profit opportunities through the creation of specific combinations. The author argues that the recent crisis of the financial system was caused by oversimplified visions of the future and of risk leading to the consequence that options were not available in the present because all possibilities had been used up by the future. This oversimplified vision of the future imploded, and trust with it. The state tried to reconstruct options for the future in order to open up new possibilities and chances for learning. The author does not deliver recipes on how to prevent severe crises of the financial system in the future. Yet, her concept facilitates understanding of how financial futures are opened up or closed and thus provides insights into basic principles on whose basis future opportunities can be kept open and trust can be maintained. Innovative reforms of the financial system can only develop on the basis of unconventional analyses. Elena Esposito's book contains an analysis of this kind.'– Alfred Kieser, Mannheim University, Germany'Elena Esposito's book is a fundamental analysis of time in economics. With economic rigour underpinned by sociological reasoning, she explains the futures market more clearly than is possible with economic analysis alone. Economic concepts are considered in terms of time – actors deal in the present with future risks by transferring these risks to the present situation. As a result, we get more options and more risks at the same time: at present. No equilibrium will balance these trades because of the asymmetry of time: our actual decisions deal with our imagination of the future, that is, with the future of the present, but the results will be realized in the presence of the future – different modalities of time. The book is a sound reflection on modelling time in economic theory, a "must" for economists.'– Birger P. Priddat, Witten/Herdecke University, Germany'The Future of Futures is an original and intellectually provocative book which forces the reader to think. Esposito's essay fulfils two rather different functions. On the one hand, it brings new and persuasive arguments to bear against the erroneous thesis that the present financial crisis is merely due to human mistakes and to some specific government failures. On the other hand, the book suggests that only by reconsidering the role of time in the economy is it possible to make full sense of the crisis and to re-orient in a desired direction the future movements of money. It is a well-known fact that traditional economics has always adhered to a spatial conception of time, according to which time, like space, is perfectly reversible. Whence its inability both to understand how economies develop and to prescribe adequate policies. The author's proposal is to move steps ahead in the direction of an analysis of an economy in time, where both historical time and time as duration can find a place. Esposito's well-written, jargon-free book will capture the attention of anyone seriously interested in the future of our market systems.'– Stefano Zamagni, University of Bologna and Johns Hopkins University, Bologna Center, Italy This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other tools) to the extent that we had many futures, but no open future available.
Author:
Publisher:
ISBN:
Category : Economic history
Languages : en
Pages : 1046
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Book Description
Author: Michael Spence
Publisher: Macmillan + ORM
ISBN: 1429968710
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158
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Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author: Jens Beckert
Publisher: Oxford University Press
ISBN: 0192552759
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that dynamic capitalist economies are characterized by relentless innovation and novelty and hence exhibit an indeterminacy that cannot be reduced to measurable risk. The organizing question then becomes how economic actors form expectations and make decisions despite the uncertainty they face. This edited volume lays the foundations for a new model of economic reasoning by showing how, in conditions of uncertainty, economic actors combine calculation with imaginaries and narratives to form fictional expectations that coordinate action and provide the confidence to act. It draws on groundbreaking research in economic sociology, economics, anthropology, and psychology to present theoretically grounded empirical case studies. These demonstrate how grand narratives, central bank forward guidance, economic forecasts, finance models, business plans, visions of technological futures, and new era stories influence behaviour and become instruments of power in markets and societies. The market impact of shared calculative devices, social narratives, and contingent imaginaries underlines the rationale for a new form of narrative economics.
Author: Herman Kahn
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 21
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Book Description
Author: Jeremy J. Siegel
Publisher: Crown Currency
ISBN: 0307236641
Category : Business & Economics
Languages : en
Pages : 338
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Book Description
The new paradigm for investing and building wealth in the twenty-first century. The Future for Investors reveals new strategies that take advantage of the dramatic changes and opportunities that will appear in world markets. Jeremy Siegel, one of the world’s top investing experts, has taken a long, hard, and in-depth look at the market and the stocks that investors should acquire to build long-term wealth. His surprising finding is that the new technologies, expanding industries, and fast-growing countries that stockholders relentlessly seek in the market often lead to poor returns. In fact, growth itself can be an investment trap, luring investors into overpriced stocks and overly competitive industries. The Future for Investors shatters conventional wisdom and provides a framework for picking stocks that will be long-term winners. While technological innovation spurs economic growth, it has not been kind to investors. Instead, companies that have marketed tried-and-true products for decades in slow-growth or even declining industries have superior returns to firms that develop “the bold and the new.” Industry sectors many regard as dinosaurs—railroads and oil companies, for example—have actually beat the market. Professor Siegel presents these strategies within the context of the coming shift in global economic power and the demographic age wave that will sweep the United States, Europe, and Japan. Contrary to the popular belief that these economic and demographic trends doom investors to poor returns, Professor Siegel explains the True New Economy and how to take advantage of the coming surge in invention, discovery, and economic growth. The faster the world changes, the more important it is for investors to heed the lessons of the past and find the tried-and-true companies that can help you beat the market and prosper in the years ahead.
