Titles - Economics

03/06/2017: Memes of Misinformation: Federal Spending [Hardback] by Julio C. Castañeda Jr.

Memes of Misinformation: Federal Spending [Hardback] In this first installment of the Misinformation series, the author tackles complex socio-economic and political topics related to the economy of the United States, such as the federal budget, wasteful spending, the national debt, unemployment and social security. By breaking down each subject into layman’s terms, the author clearly and concisely presents, in an unbiased manner, the facts behind the fake news, half-truths and general misinformation from the annoying headlines and memes cluttering social media on these volatile subjects.
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12/22/2016: Financial reforms, stabilization and development in 21st-century Turkey [Hardback] by Haluk Haksal

Financial reforms, stabilization and development in 21st-century Turkey [Hardback] How should a state-led developing country manage the transition to a market-driven economy? What are the prerequisite financial market reforms? How can local institutions facilitate or hinder the process? Combining economic theory, international evidence and an in-depth study of the case of Turkey, this book provides informed answers to these challenging questions. Additionally, it provides a framework for explaining divergence from desired outcomes. The book begins by tracing the roots of Turkey’s traditionally unstable economic performance. A pattern emerges of weak institutions and politically-driven economic management. The Turkish case shows that though internationally accredited development policies can offer useful guidance to policymakers, they constitute only the initial phase of an effective transition. Their implementation must be accompanied by a domestic commitment to achieve a de-politicized and development-oriented institutional framework. The book explores the complex relationship between economic instability and structural reforms in an emerging economy. It also investigates why development policies proposed to developing countries have not always been successful. It is a story of how institutions developed in one part of the world became adopted and adapted in other parts of the world, each time with tensions and difficulties. It is an on-going story of global inter-cultural institutional transfer, of cautiously identifying best practices, adopting norms and standards in a gradual process of trial and error. This book tells the story from the perspective of Turkey. It analyzes the role that Turkey's domestic policy has played in this process from 1980 onward (with some flashbacks to earlier times when appropriate) with special reference to the premature deregulation of its financial markets. It closely examines the financial reforms undertaken by Turkey as it moved towards EU membership, with particular focus on central bank monetary policies. Using country risk scores published by independent rating agencies and other metrics in the post-institutional reform period, an attempt is made to assess the success of institutional reform. It is the first book-length study examining the financial reforms Turkey undertook in its path towards EU accession. This unique work will be of interest to economists and other experts in financial history, (de)regulation, institutional economics and economic development, as well as a broad range of scholars interested in the dramatic transformation of Turkey's economy and society in the 21st century.
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10/20/2016: Freedom, Authority and Economics: Essays on Michael Polanyi's Politics and Economics [Hardback] by Simon Smith, Klaus Allerbeck, Tihamer Margitay, Endre Nagy, Viktor Geng, R. T. Allen, Richard W. Moodey, Phil Mullins

Freedom, Authority and Economics: Essays on Michael Polanyi's Politics and Economics [Hardback] This edited volume of original contributions deals with the economic and political thought of Michael Polanyi. Requiring little prior knowledge of Polanyi, this volume further develops a somewhat neglected side of Polanyi's work. In particular it examines the 'tacit integration', of subsidiary details into focal objects or actions as central to all knowing and action. It traces ontological counterparts in the structures of comprehensive entities and complex actions, and a multi-level universe in which lower levels have their boundary conditions, the extents to which they apply, determined by those of the next higher level, whilst each possessing its own laws or operative principles. This schema of 'dual control' preserves the reality and relative autonomy of each level, and its interactions with others, against the various reductions. The essays in this volume also employ and develop important additional concepts and distinctions such as: 'corporate' and 'spontaneous' order; 'public' and 'private' liberties; 'general' and 'specific authority'; and 'moral inversion'; which, as the essays show, are necessary for understanding and maintaining a free society and the freedom of institutions within it. Among the topics treated with them are: more of the prerequisites of freedom in public liberties dedicated to principles and transcendent values; totalitarianism and society as spontaneous order; the balance of general and specific authority in society and particular institutions; reductionism, totalitarianism and consumption in consumer societies, as moral inversions; the mutual interactions of economics and politics as distinct and autonomous but interacting levels; the sociological aspects of economics; and Polanyi's own contributions to sociology. Although, as indicated, Polanyi has his special terms, the essays in this volume, like his works, give them meaning with concrete examples and so avoid merely shuffling a mass of abstractions. Together the essays show that his work is a rich seam of ideas and inspiration for yet further extension and application.
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07/01/2016: Marketing & Economics [Hardback] by Sultan Kermally

Marketing & Economics  [Hardback] This book bridges the disciplines of economics and marketing and brings them to bear on the analysis of contemporary business problems. The world has changed dramatically over the last four decades. Sociologically, technologically, economically and politically speaking the world is changing at an increasing pace. The spread of ideas and values are reinforcing the impact of globalization on various business operations and activities. As the late Peter Drucker once remarked: “while you were out the world changed.” To make sense of to the world we live in, we are compelled to draw from diverse disciplines and subjects.This book focuses on the contributions of economics and marketing. The basic principles, theories and issues of economics are selected and are integrated with key elements and principles of marketing. Marketers, in conventional as well as in digital markets, are encouraged to integrate marketing with economics in order to make successful and effective business decisions. Marketing and Economics are subjects dealing with business – business of private firms, not-for-profit organisations and that of government. Economics involves allocation of scarce resources. Scarcity in economics is relative scarcity, scarcity in relation to demand. Written in a casual, accessible language and taking very little for granted, this book is for anyone who is curious about economics and marketing. It provides the essential analytical framework necessary for thriving in today's business. In its diverse chapters it covers topics such as offshoring, the circular economy, benchmarking, mergers and acquisitions, knowledge and innovation, services industries, customer relationships, advertising and communication, among others. It is particularly well suited to undergraduates in business or economics and its fresh perspectives on today's challenges would be of interest to business managers and marketing professionals.
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06/30/2016: Understanding DSGE models [Hardback] by Celso Jose Costa Junior

Understanding DSGE models [Hardback] While the theoretical development of DSGE models is not overly difficult to understand, practical application remains somewhat complex. The literature on this subject has some significant obscure points. This book can be thought of, firstly, as a tool to overcome initial hurdles with this type of modeling. Secondly, by showcasing concrete applications, it aims to persuade incipient researchers to work with this methodology. In principle, this is not a book on macroeconomics in itself, but on tools used in the construction of this sort of models. It strives to present this technique in a detailed manner, thereby providing a step by step course intended to walk readers through this otherwise daunting process. The book begins with a basic Real Business Cycle model. Subsequently various frictions are gradually incorporated into a standard DSGE model: imperfect competition; frictions in prices and in wages ; habit formation; non-Ricardian agents; adjustment cost in investment; costs of not using the maximum installed capacity; and finally, Government.
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