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Books > Business & Economics > Economics > Macroeconomics

Paid - Tales of Dongles, Checks, and Other Money Stuff (Paperback): Bill Maurer, Lana Swartz Paid - Tales of Dongles, Checks, and Other Money Stuff (Paperback)
Bill Maurer, Lana Swartz; Foreword by Bruce Sterling
R376 R302 Discovery Miles 3 020 Save R74 (20%) Shipped within 7 - 12 working days

Stories about objects left in the wake of transactions, from cryptocurrencies to leaf-imprinted banknotes to records kept with knotted string. Museums are full of the coins, notes, beads, shells, stones, and other objects people have exchanged for millennia. But what about the debris, the things that allow a transaction to take place and are left in its wake? How would a museum go about curating our scrawls on electronic keypads, the receipts wadded in our wallets, that vast information infrastructure that runs the card networks? This book is a catalog for a museum exhibition that never happened. It offers a series of short essays, paired with striking images, on these often ephemeral, invisible, or unnoticed transactional objects-money stuff. Although we've been told for years that we're heading toward total cashlessness, payment is increasingly dependent on things. Consider, for example, the dongle, a clever gizmo that processes card payments by turning information from a card's magnetic stripe into audio information that can be read by a smart phone's headphone jack. Or dogecoin, a meme of a smiling, bewildered dog's interior monologue that fueled a virtual currency similar to Bitcoin. Or go further back and contemplate the paper currency printed with leaves by Benjamin Franklin to foil counterfeiters, or khipu, Incan records kept in knotted string. Paid's authors describe these payment-adjacent objects so engagingly that for a moment, financial leftovers seem more interesting than finance. Paid encourages us to take a moment to look at the nuts and bolts of our everyday transactions by looking at the stuff that surrounds them. Contributors Bernardo Batiz-Lazo, Maria Bezaitis, Finn Brunton, Lynn H. Gamble, David Graeber, Jane I. Guyer, Keith Hart, Sarah Jeong, Alexandra Lippman, Julien Mailland, Scott Mainwaring, Bill Maurer, Taylor C. Nelms, Rachel O'Dwyer, Michael Palm, Lisa Servon, David L. Stearns, Bruce Sterling, Lana Swartz, Whitney Anne Trettien, Gary Urton

Islamic Monetary Economics and Institutions - Theory and Practice (Hardcover, 1st Ed. 2019): Muhamed Zulkhibri, Turkhan Ali... Islamic Monetary Economics and Institutions - Theory and Practice (Hardcover, 1st Ed. 2019)
Muhamed Zulkhibri, Turkhan Ali Abdul Manap, Aishath Muneeza
R2,424 R2,163 Discovery Miles 21 630 Save R261 (11%) Shipped within 7 - 12 working days
Development in India - Micro and Macro Perspectives (Hardcover, 1st ed. 2016): S.Mahendra Dev, P G Babu Development in India - Micro and Macro Perspectives (Hardcover, 1st ed. 2016)
S.Mahendra Dev, P G Babu
R3,482 R2,369 Discovery Miles 23 690 Save R1,113 (32%) Shipped within 7 - 12 working days

This book examines various facets of the development process such as aid, poverty, caste networks, corruption, and judicial activism. It explores the efficiency of and distributional issues related to agriculture, and the roles of macro models and financial markets, with a special emphasis on bubbles, liquidity traps and experimental markets. The importance of finite changes in trade and development, as well as that of information technology and issues related to energy and ecosystems, including sustainability and vulnerability, are analyzed. The book presents papers that were commissioned for the Silver Jubilee celebrations at the Indira Gandhi Institute of Development Research (IGIDR). The individual contributions address related development problems, ensuring a homogeneous reading experience and providing a thorough synthesis and understanding of the authors' research areas. The reader will be introduced to various aspects of development thought by leading and contemporary researchers. As such, the book represents an important addition to the literature on economic thought by leading scholars, and will be of great value to graduate students and researchers in the fields of development studies, political economy and economics in general.

Advanced Macroeconomics (Hardcover, 5th edition): David Romer Advanced Macroeconomics (Hardcover, 5th edition)
David Romer
R1,550 Discovery Miles 15 500 Shipped within 7 - 11 working days

The fifth edition of Romer's Advanced Macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. Romer presents the major theories concerning the central questions of macroeconomics. The theoretical analysis is supplemented by examples of relevant empirical work, illustrating the ways that theories can be applied and tested. In areas ranging from economic growth and short-run fluctuations to the natural rate of unemployment and monetary policy, formal models are used to present and analyze key ideas and issues. The book has been extensively revised to incorporate important new topics and new research, eliminate inessential material, and further improve the presentation.

Mathematics of Finance - An Intuitive Introduction (Paperback, 1st Ed. 2019): Donald G. Saari Mathematics of Finance - An Intuitive Introduction (Paperback, 1st Ed. 2019)
Donald G. Saari
R627 R580 Discovery Miles 5 800 Save R47 (7%) Shipped within 7 - 12 working days
Money Talks - Explaining How Money Really Works (Hardcover): Nina Bandelj, Frederick F. Wherry, Viviana A. Zelizer Money Talks - Explaining How Money Really Works (Hardcover)
Nina Bandelj, Frederick F. Wherry, Viviana A. Zelizer
R984 R655 Discovery Miles 6 550 Save R329 (33%) Shipped within 7 - 12 working days

The world of money is being transformed as households and organizations face changing economies, and new currencies and payment systems like Bitcoin and Apple Pay gain ground. What is money, and how do we make sense of it? Money Talks is the first book to offer a wide range of alternative and unexpected explanations of how social relations, emotions, moral concerns, and institutions shape how we create, mark, and use money. This collection brings together a stellar group of international experts from multiple disciplines--sociology, economics, history, law, anthropology, political science, and philosophy--to propose fresh explanations for money's origins, uses, effects, and future. Money Talks explores five key questions: How do social relationships, emotions, and morals shape how people account for and use their money? How do corporations infuse social meaning into their financing and investment practices? What are the historical, political, and social foundations of currencies? When does money become contested, and are there things money shouldn't buy? What is the impact of the new twenty-first-century currencies on our social relations? At a time of growing concern over financial inequality, Money Talks overturns conventional views about money by revealing its profound social potential.

Big Ideas in Macroeconomics - A Nontechnical View (Paperback): Kartik B. Athreya Big Ideas in Macroeconomics - A Nontechnical View (Paperback)
Kartik B. Athreya
R581 R452 Discovery Miles 4 520 Save R129 (22%) Shipped within 7 - 12 working days

An accessible description of modern macroeconomics, and a defense of its policy relevance. 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, and arguing for their value as interpretive tools as well as their policy relevance. Athreya deliberately leaves out the technical machinery, providing an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy advice. Athreya describes the main approach to macroeconomic model construction, the foundational Walrasian general-equilibrium framework, and its modern version, the Arrow-Debreu-McKenzie (ADM) model. In the heart of the book, Athreya shows how the Walrasian approach shapes and unifies much of modern macroeconomics. He details models central to ongoing macroeconomic analyses: the neoclassical and stochastic growth models, the standard incomplete-markets model, the overlapping-generations model, and the standard search model. Athreya's accessible primer traces the links between the views and policy advice of modern macroeconomists and their shared theoretical approach.

Studies in Macroeconomic History - Currency, Credit and Crisis: Central Banking in Ireland and Europe (Hardcover): Patrick... Studies in Macroeconomic History - Currency, Credit and Crisis: Central Banking in Ireland and Europe (Hardcover)
Patrick Honohan
R1,679 R1,576 Discovery Miles 15 760 Save R103 (6%) Shipped within 7 - 12 working days

The global financial crisis in 2008 brought central banking to the centre stage, prompting questions about the role of national central banks and - in Europe - of the multi-country European Central Bank. What can central banks do, and what are their limitations? How have they performed? Currency, Credit and Crisis seeks to provide a coherent perspective on the functions of a central bank in a small country by assessing the way in which Ireland's financial crisis from 2010 to 2013 was handled. Drawing on his experiences as Governor of the Central Bank of Ireland and in research and policy work at the World Bank, Patrick Honohan offers a detailed analytical narrative of the origins of the crisis and of policy makers' conduct during its most fraught moments.

It's Basic Income - The global debate (Paperback): Amy Downes, Stewart Lansley It's Basic Income - The global debate (Paperback)
Amy Downes, Stewart Lansley
R353 Discovery Miles 3 530 Shipped within 7 - 12 working days

Is a Universal Basic Income the answer to an increasingly precarious job landscape? Could it bring greater financial freedom for women, tackle the issue of unpaid but essential work, cut poverty and promote greater choice? Or is it a dead-end utopian ideal that distracts from more practical and cost-effective solutions? Contributors from musician Brian Eno, think tank Demos Helsinki, innovators such as California's Y Combinator Research and prominent academics such as Peter Beresford OBE offer a variety of perspectives from across the globe on the politics and feasibility of basic income. Sharing research and insights from a variety of nations - including India, Finland, Uganda, Brazil and Canada - the collection provides a comprehensive guide to the impact this innovative idea could have on work, welfare and inequality in the 21st century.

The Bitcoin Big Bang - How Alternative Currencies Are About to Change the World (Hardcover): Brian Kelly The Bitcoin Big Bang - How Alternative Currencies Are About to Change the World (Hardcover)
Brian Kelly 1
R747 R433 Discovery Miles 4 330 Save R314 (42%) Shipped within 7 - 12 working days

Get a handle on the digital currency revolution, and learn how to get on board The Bitcoin Big Bang is a guide to navigating the uncharted territory of digital currency. Written by CNBC contributor Brian Kelly, this book goes beyond Bitcoin 101 to explain how this transformative technology is about to change the world. Digital currency is thrown into perspective against the history of payment systems and its own evolution, as readers are invited to explore the ways in which this technology is already changing the way business gets done. Readers gain insight into the mechanisms behind Bitcoin, and an expert perspective on digital currency's effect on the future of money and the economic implications of the Bitcoin revolution. In the same way that e-mail changed the way we transfer information, the decentralized Bitcoin network is about to revolutionize the business world, the legal profession, and even the role of the government. The Bitcoin Big Bang dives head first into this paradigm shift, allowing readers to: Explore the origins of digital currency Learn the history and evolution of payment systems Discover how the Bitcoin network is facilitating free and instant transfer of value Understand the mining of Bitcoin, and how to invest The digital currency revolution has implications that spread far beyond the finance industry. Anyone who exchanges payment for goods and services is on the cusp of the next big push in societal evolution, and only an understanding of the technology and a clear knowledge of the systems and behaviors at play can fully prepare us for the changes to come. The Bitcoin Big Bang is the go-to guide, helping those who use money use it better.

Critical Junctures in Mobile Capital (Hardcover): Jocelyn Pixley, Helena Flam Critical Junctures in Mobile Capital (Hardcover)
Jocelyn Pixley, Helena Flam
R1,895 R1,749 Discovery Miles 17 490 Save R146 (8%) Shipped within 7 - 12 working days

During the recent financial crisis, the conflict between sovereign states and banks over who controls the creation of money was thrown into sharp relief. This collection investigates the relationship between states and banks, arguing that conflicts between the two over control of money produces critical junctures. Drawing on Max Weber's concept of 'mobile capital', the book examines the mobility of capital networks in contexts of funding warfare, global bubbles and dangerous instability disengaged from social-economic activity. It proposes that mobile capital is a primary feature of capitalism and nation states, and furthermore, argues that the perennial, hierarchical struggles between states and global banks is intrinsic to capitalism. Featuring authors writing from an impressively diverse range of academic backgrounds (including sociology, geography, economics and politics), Critical Junctures in Mobile Capital presents a variety of analyses using current or past examples from different countries, federations, and of differing forms of mobile capital.

Fixed Income Modelling (Paperback): Claus Munk Fixed Income Modelling (Paperback)
Claus Munk
R949 R870 Discovery Miles 8 700 Save R79 (8%) Shipped within 7 - 12 working days

Fixed Income Modelling offers a unified presentation of dynamic term structure models and their applications to the pricing and risk management of fixed income securities. It explains the basic fixed income securities and their properties and uses as well as the relations between those securities. The book presents and compares the classical affine models, Heath-Jarrow-Morton models, and LIBOR market models, and demonstrates how to apply those models for the pricing of various widely traded fixed income securities. It offers a balanced presentation with both formal mathematical modelling and economic intuition and understanding. The book has a number of distinctive features including a thorough and accessible introduction to stochastic processes and the stochastic calculus needed for the modern financial modelling approach used in the book, as well as a separate chapter that explains how the term structure of interest rates relates to macro-economic variables and to what extent the concrete interest rate models are founded in general economic theory. The book focuses on the most widely used models and the main fixed income securities, instead of trying to cover all the many specialized models and the countless exotic real-life products. The in-depth explanation of the main pricing principles, techniques, and models as well as their application to the most important types of securities will enable the reader to understand and apply other models and price other securities. The book includes chapters on interest rate risk management, credit risk, mortgage-backed securities, and relevant numerical techniques. Each chapter concludes with a number of exercises of varying complexity. Suitable for MSc students specializing in finance and economics, quantitatively oriented MBA students, and first- or second-year PhD students, this book will also be a useful reference for researchers and finance professionals and can be used in specialized courses on fixed income or broader courses on derivatives.

Financial Asset Pricing Theory (Paperback): Claus Munk Financial Asset Pricing Theory (Paperback)
Claus Munk
R973 R873 Discovery Miles 8 730 Save R100 (10%) Shipped within 7 - 12 working days

Financial Asset Pricing Theory offers a comprehensive overview of the classic and the current research in theoretical asset pricing. Asset pricing is developed around the concept of a state-price deflator which relates the price of any asset to its future (risky) dividends and thus incorporates how to adjust for both time and risk in asset valuation. The willingness of any utility-maximizing investor to shift consumption over time defines a state-price deflator which provides a link between optimal consumption and asset prices that leads to the Consumption-based Capital Asset Pricing Model (CCAPM). A simple version of the CCAPM cannot explain various stylized asset pricing facts, but these asset pricing 'puzzles' can be resolved by a number of recent extensions involving habit formation, recursive utility, multiple consumption goods, and long-run consumption risks. Other valuation techniques and modelling approaches (such as factor models, term structure models, risk-neutral valuation, and option pricing models) are explained and related to state-price deflators. The book will serve as a textbook for an advanced course in theoretical financial economics in a PhD or a quantitative Master of Science program. It will also be a useful reference book for researchers and finance professionals. The presentation in the book balances formal mathematical modelling and economic intuition and understanding. Both discrete-time and continuous-time models are covered. The necessary concepts and techniques concerning stochastic processes are carefully explained in a separate chapter so that only limited previous exposure to dynamic finance models is required.

Interest and Prices - Foundations of a Theory of Monetary Policy (Hardcover, New): Michael Woodford Interest and Prices - Foundations of a Theory of Monetary Policy (Hardcover, New)
Michael Woodford
R2,150 R1,590 Discovery Miles 15 900 Save R560 (26%) Shipped within 7 - 12 working days

"This long-awaited book by master macroeconomist Michael Woodford belongs on the bookshelf of every economist. Woodford is well-known as one of the world's current most original thinkers in economics. In this book you will find not only a unified treatment of the theoretical foundations of monetary policy, optimal policy inertia, indicator variables for optimal policy, monetary policy in a world without money, fiscal requirements for price stability, optimal rules for setting interest rates, and much more, but also practical details of implementation such as methods used by various central banks for controlling interest rates."--William A. Brock, University of Wisconsin, Madison

"Michael Woodford's "Interest and Prices" is a major contribution to economics. The book it most resembles is Patinkin's classic "Money, Interest, and Prices" now nearly 40 years old--and it may well have the same impact. Woodford's book illustrates the immense progress that macroeconomics has made in the past generation, from its careful treatment of dynamics and of optimizing behavior, to its discussion of optimal monetary policy. It is an impressive intellectual achievement, all the way from abstract theory to Taylor rules for central banks. I have gone to it, pen and paper in hand, many times over the past few years when it was still a manuscript. Each time, I found it illuminating. This book is a classic."--Olivier Blanchard, Massachusetts Institute of Technology

"The ideas contained in Michael Woodford's book "Interest and Prices" have influenced the way central bank economists-to say nothing of academic economists-in every corner of the world think about the conduct of monetary policy. These ideasform the most significant original book-length contribution to monetary economics since Don Patinkin's "Money, Interest, and Prices," Woodford's insights into a cashless world will prove enduring."--Fumio Hayashi, University of Tokyo, author of "Econometrics"

"This is the most important book in monetary theory in at least two decades, illustrating all the major conceptual ideas in modern monetary economics, and then some. Woodford's book is especially commendable for its forward-looking elements, such as how to conduct monetary policy in a near cashless society, and how international currencies may coexist when global financial markets become truly integrated. Some of the individual chapters are already firmly established as standard technical references for modern methods in monetary policy economics. By showing how to stretch the limits of purely analytical methods, the book also builds a bridge from classical monetary theory to modern computational macroeconomics, possibly pointing the way to a new generation of medium-scale macroeconomic models."--Kenneth Rogoff, Economic Counselor and Director of Research, International Monetary Fund

"This book is a masterpiece. Michael Woodford provides a lucid dynamic synthesis of two schools of thought--Monetarism versus New Keynesianism--that have recently been the subject of a remarkable convergence of thinking among macroeconomists."--Assaf Razin, Tel Aviv University, author of "Fiscal Policies and Growth in the World Economy"

"This is a landmark work that reevaluates monetary theory and policy in an intertemporal optimization framework with sticky prices. Well written, it systematically revisits classic issues in monetary theory andallows rigorous welfare analyses."--Maurice Obstfeld, University of California, Berkeley, coauthor of "Foundations of International Macroeconomics"

"A new landmark treatise on monetary theory. A must read for econo-nerds."--N. Gregory Mankiw, Chairman of the Council of Economic Advisors, citing his "favorite purchase of 2003" in "The New York Times"

Monetary Regimes and Inflation - History, Economic and Political Relationships (Paperback, 2nd Revised edition): Peter Bernholz Monetary Regimes and Inflation - History, Economic and Political Relationships (Paperback, 2nd Revised edition)
Peter Bernholz
R568 Discovery Miles 5 680 Shipped within 7 - 12 working days

Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyzes the high and moderate inflations caused by the inflationary bias of political systems and economic relationships, as well as the importance of different monetary regimes in containing them. The differences for the possible size of inflations among monetary regimes like metallic currencies, the gold standard and fiat paper money are discussed. It is shown that huge budget deficits of government have been responsible for all hyperinflations. This revised second edition debates whether a growth of the money supply exceeding that of real Gross Domestic Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation-stable monetary regimes in history are explored. By surveying thirty hyperinflations, Peter Bernholz demonstrates that certain economic traits have been stable characteristics of inflations over the centuries, and illustrates their causes. He also examines the consequences of high inflations for unemployment, the distortions between relative prices and the political conditions that allow a return to stable monetary regimes after high inflations, given the inflationary tendencies of political systems. This book will appeal to a wide-ranging audience, including students, economists, historians, political scientists and sociologists looking to improve their knowledge of monetary regimes and inflation. Bankers, businessmen and politicians attempting to solve the problems caused for them by inflation, will also find this to be a useful read.

Studies in Macroeconomic History - A Monetary History of Norway, 1816-2016 (Hardcover): Oyvind Eitrheim, Jan Tore Klovland,... Studies in Macroeconomic History - A Monetary History of Norway, 1816-2016 (Hardcover)
Oyvind Eitrheim, Jan Tore Klovland, Lars Fredrik Oksendal
R2,951 R2,711 Discovery Miles 27 110 Save R240 (8%) Shipped within 7 - 12 working days

This book provides a broad overview of monetary developments in Norway over the past 200 years, using a rich variety of graphical illustrations based on a unique data set of historical monetary statistics, which will be documented and made available on the Norges Bank website (in English) at http://www.norges-bank.no/en. Throughout the book, Norway's monetary developments are anchored in a historical context and in the development of monetary thinking. Through their analysis of the historical data, the authors provide new insights and comparisons to other Scandinavian countries, along with an excellent examination of the development and character of the banking and financial system in Norway.

The International Monetary System, the IMF and the G20 - A Great Transformation in the Making? (Hardcover, New): World Economic... The International Monetary System, the IMF and the G20 - A Great Transformation in the Making? (Hardcover, New)
World Economic Forum
R1,728 Discovery Miles 17 280 Shipped within 7 - 12 working days

This book offers a representative sampling of the thinking surrounding the fundamental topics on international financial reforms, which are being explored in a series of roundtables set up by the International Monetary Convention Project and involving G-20 policymakers and leading members of the private sector and academic community.

The Great Financial Meltdown - Systemic, Conjunctural or Policy Created? (Hardcover): Turan Subasat The Great Financial Meltdown - Systemic, Conjunctural or Policy Created? (Hardcover)
Turan Subasat
R2,666 Discovery Miles 26 660 Shipped within 7 - 12 working days

The Great Financial Meltdown reviews, advocates and critiques the systemic, conjunctural and policy-based explanations for the 2008 crisis. The book expertly examines these explanations to assess their analytical and empirical validity. Comprehensive yet accessible chapters, written by a collection of prominent authors, cover a wide range of political economy approaches to the crisis, from Marxian through to Post Keynesian and other heterodox schools. This interrogation of economic policy in light of the financial crisis is essential reading for real-word economists. To those seeking to understand the current economic stagnation and failings of the system, it offers an enlightening exposition of contemporary political economy.

The Euro Trap - On Bursting Bubbles, Budgets, and Beliefs (Paperback): Hans-Werner Sinn The Euro Trap - On Bursting Bubbles, Budgets, and Beliefs (Paperback)
Hans-Werner Sinn
R481 Discovery Miles 4 810 Shipped within 7 - 12 working days

This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. The euro induced huge capital flows from the northern to the southern countries of the Eurozone that triggered an inflationary credit bubble in the latter, deprived them of their competitiveness, and made them vulnerable to the financial crisis that spilled over from the US in 2007 and 2008. As private capital shied away from the southern countries, the ECB helped out by providing credit from the local money-printing presses. The ECB became heavily exposed to investment risks in the process, and subsequently had to be bailed out by intergovernmental rescue operations that provided replacement credit for the ECB credit, which itself had replaced the dwindling private credit. The interventions stretched the legal structures stipulated by the Maastricht Treaty which, in the absence of a European federal state, had granted the ECB a very limited mandate. These interventions created a path dependency that effectively made parliaments vicarious agents of the ECB's Governing Council. This book describes what the author considers to be a dangerous political process that undermines both the market economy and democracy, without solving southern Europe's competitiveness problem. It argues that the Eurozone has to rethink its rules of conduct by limiting the role of the ECB, exiting the regime of soft budget constraints and writing off public and bank debt to help the crisis countries breathe again. At the same time, the Eurosystem should become more flexible by offering its members the option of exiting and re-entering the euro - something between the dollar and the Bretton Woods system - until it eventually turns into a federation with a strong political power centre and a uniform currency like the dollar.

GDP - A Brief but Affectionate History - Revised and expanded Edition (Paperback, Revised edition): Diane Coyle GDP - A Brief but Affectionate History - Revised and expanded Edition (Paperback, Revised edition)
Diane Coyle
R291 R208 Discovery Miles 2 080 Save R83 (29%) Shipped within 7 - 12 working days

Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013--or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008--just as the world's financial system went into meltdown? And why was Greece's chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country's economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives--but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country's economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.

Economics of Monetary Union (Paperback, 12th Revised edition): Paul De Grauwe Economics of Monetary Union (Paperback, 12th Revised edition)
Paul De Grauwe
R1,108 Discovery Miles 11 080 Shipped within 7 - 12 working days

The twelfth edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author addresses current issues surrounding the Eurozone, including; a critical discussion of the costs and benefits of possible exits by its member countries, an analysis of the role of the ECB as new single supervisor and detail on the sovereign debt crisis. In Part One the author examines the implications of adopting a common currency, assessing the benefit to each country from being a member of the Eurozone, whilst also questioning whether other parts of the world would gain from monetary unification. Part Two of the book looks at the problems of running a monetary union by analysing Europe's experience and the issues faced by the European Central Bank. The book is accompanied by online resources that feature: For students: r s1- Links to data sources - Essay questions - Web links - Paul De Grauwe on Twitter For Lecturers: - PowerPoint slides - Instructor's manual

The Atlas of Economic Complexity - Mapping Paths to Prosperity (Paperback): Ricardo Hausmann, Cesar A. Hidalgo, Sebastian... The Atlas of Economic Complexity - Mapping Paths to Prosperity (Paperback)
Ricardo Hausmann, Cesar A. Hidalgo, Sebastian Bustos, Michele Coscia, Alexander Simoes, …
R1,314 R1,001 Discovery Miles 10 010 Save R313 (24%) Shipped within 7 - 12 working days

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.

Toward a Just Society - Joseph Stiglitz and Twenty-First Century Economics (Hardcover): Martin Guzman Toward a Just Society - Joseph Stiglitz and Twenty-First Century Economics (Hardcover)
Martin Guzman
R1,416 R1,060 Discovery Miles 10 600 Save R356 (25%) Shipped within 7 - 12 working days

Joseph Stiglitz is one of the world's greatest economists. He has made fundamental contributions to economic theory in areas such as inequality, the implications of imperfect and asymmetric information, and competition, and he has been a major figure in policy making, a leading public intellectual, and a remarkably influential teacher and mentor. This collection of essays influenced by Stiglitz's work celebrates his career as a scholar and teacher and his aspiration to put economic knowledge in the service of creating a fairer world. Toward a Just Society brings together a range of essays whose breadth reflects how Stiglitz has shaped modern economics. The contributions to this volume, all penned by high-profile authors who have been guided by or collaborated with Stiglitz over the last five decades, span microeconomics, macroeconomics, inequality, development, law and economics, and public policy. Touching on many of the central debates and discoveries of the field and providing insights on the directions that academic economics could take in the future, Toward a Just Society is an extraordinary celebration of the many paths Stiglitz has opened for economics, politics, and public life.

How to Make a Living Trading Foreign Exchange - A Guaranteed Income for Life (Hardcover): Courtney Smith How to Make a Living Trading Foreign Exchange - A Guaranteed Income for Life (Hardcover)
Courtney Smith
R1,267 R905 Discovery Miles 9 050 Save R362 (29%) Shipped within 7 - 13 working days

Solid Forex strategies for capturing profits in today's volatile markets

"How to Make a Living Trading Foreign Exchange" puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game.Reveals the secrets of the Forex market and how to create a lifetime of income trading itOffers advice on maximizing profits during the volatile swings that have increasingly become the normOther titles by Smith: "Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, " and "Profits Through Seasonal Trading"

Make more from today's Forex market with "How to Make a Living Trading Foreign Exchange."

Agent-Based Models in Economics - A Toolkit (Paperback): Domenico Delli Gatti, Giorgio Fagiolo, Mauro Gallegati, Matteo... Agent-Based Models in Economics - A Toolkit (Paperback)
Domenico Delli Gatti, Giorgio Fagiolo, Mauro Gallegati, Matteo Richiardi, Alberto Russo
R514 Discovery Miles 5 140 Shipped within 7 - 12 working days

In contrast to mainstream economics, complexity theory conceives the economy as a complex system of heterogeneous interacting agents characterised by limited information and bounded rationality. Agent Based Models (ABMs) are the analytical and computational tools developed by the proponents of this emerging methodology. Aimed at students and scholars of contemporary economics, this book includes a comprehensive toolkit for agent-based computational economics, now quickly becoming the new way to study evolving economic systems. Leading scholars in the field explain how ABMs can be applied fruitfully to many real-world economic examples and represent a great advancement over mainstream approaches. The essays discuss the methodological bases of agent-based approaches and demonstrate step-by-step how to build, simulate and analyse ABMs and how to validate their outputs empirically using the data. They also present a wide set of applications of these models to key economic topics, including the business cycle, labour markets, and economic growth.

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