Closely linked essays examine distinctive national patterns of industrialization.This collection of essays offers new perspectives on the Industrial Revolution as a global phenomenon. The fifteen contributors go beyond the longstanding view of industrialization as a linear process marked by discrete stages. Instead, they examine a lengthy and creative period in the history of industrialization,…
In this volume, leading economists Bengt Holmstr?om and Jean Tirole develop a theory explaining the demand for a supply of liquid assets.OCLC-licensed vendor bibliographic record.
"We are living beyond our means, running up debts both economic and ecological, consuming the planet's resources at rates not remotely sustainable. But it's hard to imagine a different way. How can we live without cheap goods and easy credit? How can we consume without consuming the systems that support life? How can we live well and live within our means? In Treading Softly, Thomas Princen hel…
This book is an invaluable guide for young economists working on their dissertations, preparing their first articles for submission to professional journals, getting ready for their first presentations at conferences and job seminars, or facing their first refereeing assignments. In clear, concise language--a model for what he advocates--William Thomson shows how to make written and oral presen…
While human capital is a clear determinant of economic growth, only recently has health's role in this process become a focus of serious academic inquiry. By marrying the separate fields of health economics and growth theory, this groundbreaking book explores the explicit mechanisms by which a population's individual and collective health status affects a nation's economic development and perfo…
An analytic and empirical study of unilateral trade liberalization agreements, from the nineteenth century to the present.Since the end of World War II, the freeing of trade has been most visible in reciprocal liberalization agreements negotiated under the General Agreement on Tariffs and Trade, or GATT, and through increasing bilateral and plurilateral agreements. There has also, however, been…
Despite significant gains in promoting economic growth and living conditions (or "human progress") globally over the last twenty-five years, much of the developing world remains plagued by poverty and its attendant problems, including high rates of child mortality, illiteracy, environmental degradation, and war. In Growth and Empowerment, Nicholas Stern, Jean-Jacques Dethier, and F. Halsey Roge…
Macroeconomists have been caricatured either as credulous savants in love with the beauty of their mathematical models or as free-market fundamentalists who admit no doubt as to the market's wisdom. In this book, Kartik Athreya draws a truer picture, offering a nontechnical description of prominent ideas and models in macroeconomics, arguing for their value as interpretive tools as well as thei…
This is the first broad cross-country assessment of the ties between financial structure--the mix of financial instruments, institutions, and markets in a given economy--and economic growth since Raymond Goldsmith's 1969 landmark study. Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have relied on ca…
The global economic crisis of 2008-2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. Perhaps the correct response to the crisis is simply careful management of the macroeconomic cha…