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Economic Torts and Economic Wrongs
This book explores contemporary issues in respect of causes of action which operate to protect a plaintiff’s economic interests. It examines the question from across the spectrum of private law.Focusing mainly on common law principles, it looks in particular at the treatment of such causes of action in the United Kingdom, Australia, Canada, Singapore as well as other common law jurisdictions.Addressing both theoretical and doctrinal issues, this important book will appeal to both private law scholars and practitioners.
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Economic Philosophy
Joan Robinson (1903-1983) was one of the greatest economists of the twentieth century and a fearless critic of free-market capitalism.A major figure in the controversial ‘Cambridge School’ of economics in the post-war period, she made fundamental contributions to the economics of international trade and development.In Economic Philosophy Robinson looks behind the curtain of economics to reveal a constant battle between economics as a science and economics as ideology, which she argued was integral to economics.In her customary vivid and pellucid style, she criticizes early economists Adam Smith and David Ricardo, and neo-classical economists Alfred Marshall, Stanley Jevons and Leon Walras, over the question of value.She shows that what they respectively considered to be the generators of value - labour-time, marginal utility or preferences - are not scientific but ‘metaphysical’, and that it is frequently in ideology, not science, that we find the reason for the rejection of economic theories.She also weighs up the implications of the Keynesian revolution in economics, particularly whether Keynes’s theories are applicable to developing economies.Robinson concludes with a prophetic lesson that resonates in today’s turbulent and unequal economy: that the task of the economist is to combat the idea that the only values that count are those that can be measured in terms of money. This Routledge Classics edition includes a new foreword by Sheila Dow.
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Economic Development
Economic Development, the leading textbook in this field, provides you with a complete and balanced introduction to the requisite theory, driving policy issues, and latest research.Todaro and Smith take a policy-oriented approach, presenting economic theory in the context of critical policy debates and country-specific case studies, to show how theory relates to the problems and prospects of developing countries.
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Economic Forecasting
Economic forecasting involves choosing simple yet robust models to best approximate highly complex and evolving data-generating processes.This poses unique challenges for researchers in a host of practical forecasting situations, from forecasting budget deficits and assessing financial risk to predicting inflation and stock market returns.Economic Forecasting presents a comprehensive, unified approach to assessing the costs and benefits of different methods currently available to forecasters. This text approaches forecasting problems from the perspective of decision theory and estimation, and demonstrates the profound implications of this approach for how we understand variable selection, estimation, and combination methods for forecasting models, and how we evaluate the resulting forecasts.Both Bayesian and non-Bayesian methods are covered in depth, as are a range of cutting-edge techniques for producing point, interval, and density forecasts.The book features detailed presentations and empirical examples of a range of forecasting methods and shows how to generate forecasts in the presence of large-dimensional sets of predictor variables. The authors pay special attention to how estimation error, model uncertainty, and model instability affect forecasting performance. * Presents a comprehensive and integrated approach to assessing the strengths and weaknesses of different forecasting methods* Approaches forecasting from a decision theoretic and estimation perspective* Covers Bayesian modeling, including methods for generating density forecasts* Discusses model selection methods as well as forecast combinations* Covers a large range of nonlinear prediction models, including regime switching models, threshold autoregressions, and models with time-varying volatility* Features numerous empirical examples* Examines the latest advances in forecast evaluation* Essential for practitioners and students alike
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Which kitchen appliances have a long lifespan, such as mixers, etc.?
Kitchen appliances that typically have a long lifespan include mixers, food processors, and high-quality blenders. These appliances are built to withstand frequent use and are often made with durable materials that can last for many years. Investing in well-known brands and models known for their longevity can also help ensure that these appliances have a longer lifespan. Regular maintenance and proper care, such as cleaning and storage, can also contribute to extending the lifespan of these kitchen appliances.
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Which kitchen appliances also have a long lifespan, such as mixers, etc.?
Kitchen appliances such as mixers, blenders, and food processors are known for their long lifespan. These appliances are designed to withstand heavy use and are built with durable materials, making them reliable for many years. Additionally, high-quality brands and models of these appliances are often built to last, making them a worthwhile investment for any kitchen. Regular maintenance and proper care can also help extend the lifespan of these appliances.
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How are economic cycles and economic growth related?
Economic cycles and economic growth are closely related. Economic cycles refer to the fluctuations in economic activity, including periods of expansion and contraction. Economic growth, on the other hand, refers to the long-term increase in a country's output of goods and services. During an economic expansion phase of the cycle, there is typically higher economic growth, as businesses invest and consumer spending increases. Conversely, during a contraction phase, economic growth tends to slow down or even turn negative. Therefore, economic cycles can have a significant impact on the overall level of economic growth in a country.
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How does economic growth occur in the economic cycle?
Economic growth occurs in the economic cycle through a combination of factors. During the expansion phase of the cycle, businesses invest in new equipment and technology, leading to increased productivity and output. This increased production leads to higher employment levels and consumer spending, further fueling economic growth. Additionally, during this phase, consumer and business confidence is high, leading to increased investment and spending. Overall, economic growth occurs as a result of increased production, employment, and investment during the expansion phase of the economic cycle.
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Economic Growth
The long-awaited second edition of an important textbook on economic growth-a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence.The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory.The book has been expanded in many areas and incorporates the latest research.After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households.The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population.The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models.The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000.The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
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Economic Dignity
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Economic Crisis and Economic Thought : Alternative Theoretical Perspectives on the Economic Crisis
The ongoing economic crisis has revealed fundamental problems both in our economic system and the discipline which analyses it.This book presents a series of contrasting but complementary approaches in economic theory in order to offer a critical toolkit for examining the modern capitalist economy.The global economic crisis may have changed the world in which we live, but not the fundamental tenets of the discipline.This book is a critical assessment of the relation between economic theory and economic crises: how intellectual thinking impacts on real economic events and vice versa.It aims at challenging the conventional way in which economics is taught in universities and later adopted by public officials in the policymaking process.The contributions, all written by distinguished academics and researchers, offer a heterodox perspective on economic thinking and analysis.Each chapter is inspired by alternative theoretical approaches which have been mostly side-lined from current academic teaching programmes.A major suggestion of the book is that the recent economic crisis can be better understood by recovering such theoretical analyses and turning them into a useful framework for economic policymaking.Economic Crisis and Economic Thought is intended as a companion to economics students at the Master’s and PhD level, in order for them to confront issues related to the labour market, the financial sector, macroeconomics, industrial economics, etc. with an alternative and complementary perspective. It challenges the way in which economic theory is currently taught and offered via alternatives for the future.
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African Economic Development
When it was published in 2002, the first edition of African Economic Development offered an authoritative statement about economic growth on the continent.Its multidisciplinary regional studies built an analytic framework that served as a cornerstone of the field for over a decade. The second edition offers a new collection of authoritative articles for a new age.In a sweeping survey of African economies, leading scholars offer the latest research into the biggest current influences on African growth and development, taking account of relevant institutional contexts as well as significant or unique problems that have slowed Africa's progress.Despite recognizing the factors that have resulted in underdevelopment, however, the contributors paint a hopeful picture of the efforts being made to overcome barriers, and they suggest that a significant reduction of poverty is possible in the near future.Each chapter singles out a particular problem-be it related to demography, geography, politics, climate change, agriculture, or industrialization-and proposes pragmatic solutions that put Africans' needs and capabilities first.Balancing theory and empiricism, and eschewing vague ideological or political language, this book provides an important vantage point from which to herald Africa's elusive dawn.For its rigorous scholarship, its unique breadth, and its actionable suggestions for the near future, the second edition of African Economic Development is a must-read for students, researchers, and practitioners of international development.
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What is the difference between economic system and economic process?
An economic system refers to the structure and organization of an economy, including the institutions, laws, and policies that govern economic activity. It encompasses the overall framework within which economic decisions are made, resources are allocated, and goods and services are produced and distributed. On the other hand, an economic process refers to the specific actions and activities that take place within an economic system, such as production, consumption, investment, and trade. While the economic system sets the rules and parameters for these processes, the economic process involves the day-to-day activities and transactions that drive the economy.
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Are we in an economic crisis or a global economic crisis?
We are currently facing a global economic crisis due to the impact of the COVID-19 pandemic. The pandemic has caused widespread disruptions to economies around the world, leading to job losses, business closures, and financial instability. Governments and central banks have implemented various measures to mitigate the economic fallout, but the full extent of the crisis is still unfolding. The interconnected nature of the global economy means that the effects of this crisis are being felt on a worldwide scale.
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How can sustainable economic activity be reconciled with simultaneous economic growth?
Sustainable economic activity can be reconciled with simultaneous economic growth by implementing policies and practices that prioritize environmental and social considerations alongside economic development. This can include investing in renewable energy, promoting sustainable agriculture, and implementing regulations to reduce pollution and waste. Additionally, businesses can adopt sustainable practices such as reducing energy consumption, minimizing waste, and promoting fair labor practices. By integrating sustainability into economic decision-making, it is possible to achieve economic growth while also preserving natural resources and promoting social well-being for future generations.
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What is economic sustainability?
Economic sustainability refers to the ability of an economy to support current and future generations by balancing economic growth with social and environmental responsibility. It involves ensuring that resources are used efficiently and equitably to meet the needs of the present without compromising the ability of future generations to meet their own needs. This includes promoting long-term economic development, reducing inequality, and minimizing negative impacts on the environment. Overall, economic sustainability aims to create a stable and resilient economy that can thrive over the long term.
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