The economics of knowledge is a rapidly emerging subdiscipline of economics that has never before been given the comprehensive and cohesive treatment found in this book. Dominique Foray analyzes the deep conceptual and structural transformation of our economic activities that has led to a gradual shift to knowledge-intensive activities. This transformation is the result of the collision of a lo…
This book updates and advances the theory of expected utility as applied to risk analysis and financial decision making. Von Neumann and Morgenstern pioneered the use of expected utility theory in the 1940s, but most utility functions used in financial management are still relatively simplistic and assume a mean-variance world. Taking into account recent advances in the economics of risk and un…
World trade is governed by the rules of the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights, provides a forum for multinational negotiations to resolve trade problems, and has a formal mechanism for dispute settlement. It is the…
Access to education increased enormously in the past century, and higher proportions of people are completing primary, secondary, or tertiary education than ever before. But efforts to universalize the provision of high-quality schooling face major problems. In Educating All Children (which grew out of a multidisciplinary project undertaken by the American Academy of Arts and Sciences), leading…
'Organic Struggle' analyzes the evolution of the sustainable agriculture movement in the United States and evaluates its achievements and shortcomings. It traces the development of organic farming from its roots in the 1940s through its embrace by the 1960s counterculture to its mainstream acceptance and development into a multi-billion dollar industry.OCLC-licensed vendor bibliographic record.
After describing federal green energy initiatives in the first two years of the Obama administration, Hess turns his attention to the state and local levels, examining demand-side and supply-side support for green industry and local small business. He analyzes the successes and failures of green coalitions and the partisan patterns of support for green energy reform. This new piecemeal green in…
How the interplay between government regulation and the private sector has shaped the electric industry, from its nineteenth-century origins to twenty-first-century market restructuring.