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Contains 14 chapters that focus on various aspects of economic organization and behaviour, mostly based on empirical fieldwork conducted by the authors themselves. This title takes a look at urban food provisioning in Cameroon and an investigation into entrepreneurial activities in the rapidly-changing economy of Cairo.
Concepts -- Issues -- Interdependence -- Fiscal policy -- Monetary policy -- Financial stability -- International financial integration and foreign-exchange policy -- Tax policy -- Growth policies
This open access book brings together a collection of cutting-edge insights into how action can and is already being taken against climate change at multiple levels of our societies, amidst growing calls for transformative and inclusive climate action. In an era of increasing recognition regarding climate and ecological breakdown, this book offers hope, inspiration and analyses for multi-level climate action, spanning varied communities, places, spaces, agents and disciplines, demonstrating how the energy and dynamism of local scales are a powerful resource in turning the tide. Interconnected yet conceptually distinct, the book’s three sections span multiple levels of analysis, interrogating diverse perspectives and practices inherent to the vivid tapestry of climate action emerging locally, nationally and internationally. Delivered in collaboration with the UK’s ‘Place-Based Climate Action Network’, chapters are drawn from a wide range of authors with varying backgrounds spread across academia, policy and practice.
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
This second edition of Development Economics: Theory and Practice continues to provide students and practitioners with the perspectives and tools they need to think analytically and critically about the current major economic development issues in the world. Alain de Janvry and Elisabeth Sadoulet identify seven key dimensions of development—growth, poverty, vulnerability, inequality, basic needs, sustainability, and quality of life—and use them to structure the contents of the text. The book gives a historical perspective on the evolution of thought in development. It uses theory and empirical analysis to present readers with a full picture of how development works, how its successes and failures can be assessed, and how alternatives can be introduced. The authors demonstrate how diagnostics, design of programs and policies, and impact evaluation can be used to seek new solutions to the suffering and violence caused by development failures. In the second edition, more attention has been given to ongoing developments, such as: pursuit of the Sustainable Development Goals continuously rising global and national inequality health as a domestic and international public good cash transfers for social protection carbon trading for sustainability This text is fully engaged with the most cutting-edge research in the field and equips readers with analytical tools for impact evaluation of development programs and policies, illustrated with numerous examples. It is underpinned throughout by a wealth of student-friendly features, including case studies, quantitative problem sets, end-of-chapter questions, and extensive references. Excel and Stata exercises are available as digital supplements for students and instructors. This unique text is ideal for those taking courses in development economics, economic growth, and development policy, and will provide an excellent foundation for those wishing to pursue careers in development.
This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.
This Research Handbook advances entrepreneurship theory in new ways by integrating and contributing to contemporary theories of practice. Leading theorists and entrepreneurship experts, who are part of the growing Entrepreneurship as Practice (EaP) research community, expertly propose methodologies, theories and empirical insights into the constitution and consequences of entrepreneuring practices.
First published in 1992, Local Government Economics in Theory and Practice is an effort to rectify the lack of a comparative analysis between democratic local governments of various countries and their methods of financing. A series of chapters examines the theoretical basis for different systems of local government finance and how these systems work out in practice. The book covers various aspects of reforms in the United Kingdom and elsewhere, and includes a discussion of the rationale for the community charge. This collection of essays will be of importance to students of economics and public policy.
Social Policy: Theory and practice is a fully revised, updated and extended edition of a bestselling social policy textbook, extensively reworked and adapted to meet the needs of its international readership. The book lays out the architecture of social policy as a field of study, binding the discussion of theory to the understanding of social policy in practice. It aims to provide students and practitioners with a sense of the scope, range and purpose of the subject while developing critical awareness of problems, issues and common fallacies. Written in an accessible and engaging style, it explains what social policy is and why it matters; looks at social policy in its social context; considers policy, the role of the state and the social services; explores issues in social administration and service delivery; and focuses on the methods and approaches of the subject. For practitioners, there are discussions of the techniques and approaches used to apply social policy in practice. For students, there are boxes raising issues and reviewing case studies, questions for discussion and a detailed glossary. The book’s distinctive, path–breaking approach makes it invaluable for students studying social policy at a range levels, professionals and practitioners in the field of social policy.
Economics: whether one considers it so or not, this concept is the very lifeblood of our world at large, from the most expansive transactions to the most minute interchanges, between conglomerates and nations and between individuals. Behind the veil of the world, the core of economics holds a vast array of thoughts and tenets, with libraries' worth of material and, as one can surmise, much of these thoughts clash between the realms of varied schools of thought. A myriad of these schools reach-- some components to great degrees of accuracy, while other components miss their mark; many others still reach conclusions so esoteric as to lose any and all applicability to the very world we are meant to describe. Few, if any however, have conceived of a true, full picture of the mechanisms underlying economic activity, beyond the massive figures of aggregates and the sometimes even superficial statements of individuals. This is not for lack of trying; after all, that is the entire goal of the endeavor of such thought. With this in mind, it becomes quite evident that these marks missed signify a gap in conceptual thought wherein, intentionally, or otherwise, the true components of economics are simply not considered. The core of this gap is not only purposeful human action but firm organization, wherein if economics were the lifeblood, they together would be a fundamental cell, critical for function. Indeed, the ordinal desires of specific ends propagate and are the necessities of transaction and organization, and to this end economics must not only be connected to, but inseparable from, the considerations of ethics. Further still, one cannot possibly consider ethics without the consideration of the stifling and destruction of human action, versus its promotion and growth. On this matter, the considered, "lofty" and, "idealistic" concepts of liberty and non-monopolistic organization reveals themselves as rather integral to the aim of pragmatic analysis and practice of economics. Likewise, the organization of firms and consumers necessarily build upon this, the structures of which dictate specific features for optimal function; the unilateral and asymmetric mechanisms we find most prevalent today counterpose this in an attempt to force prosperity and force growth by dictating reduction and proliferating atrophy. This can be clearly seen from the simple, yet staggering inefficacies of the grand monopolies of this age, to the asymmetric nature of involuntary resource acquisition and the economic mal actions of war. The concept is precisely clear: the monopolistic prescription of activity is not merely ineffective in the context of human organization, but unethical on the grounds of human action; the foundational principles and practice of central planning fail at the very goal it seeks to optimize, and it fails quite spectacularly at it. To effectively describe and communicate the components of organization as we know it, a new description is necessary, one that accurately illustrates the elements underlying our interactions: the foundations of human action, social organization, liberty, justice, ethics, and the fallacies of past and current economic portrayal and practice. What we need is, in fact, a true Unified Theory of Organization, capable of conveying these components and their inextricable interactions. To this end, this treatise is the answer to the ineffable gap in thought that presides over economics. With its tenets, we can march towards a more rational, more ethical, more prosperous, and more free future, and hope that one day a fundamental truth is realized: they are all one and the same.- Duane L. Grant