Advertisement
| the defended the benefits of economic development: Economic Ideas You Should Forget Bruno S. Frey, David Iselin, 2017-03-08 Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics. |
| the defended the benefits of economic development: Public Goods for Economic Development Olga Memedović, 2008 This publication addresses factors that promote or inhibit successful provision of the four key international public goods: financial stability, international trade regime, international diffusion of technological knowledge and global environment. Without these goods, developing countries are unable to compete, prosper or attract capital from abroad. The need for public goods provision is also recognized by the Millennium Development Goals, internationally agreed goals and targets for knowledge, health, governance and environmental public goods. The Report addresses the nature of required policies and institutions using the modern principles of collective action. |
| the defended the benefits of economic development: Economic Point of View Israel M. Kirzner, 1960 |
| the defended the benefits of economic development: Analyzing Oppression Ann E. Cudd, 2006 Analyzing Oppression presents a new, integrated theory of social oppression, which tackles the fundamental question that no theory of oppression has satisfactorily answered: if there is no natural hierarchy among humans, why are some cases of oppression so persistent? Cudd argues that the explanation lies in the coercive co-opting of the oppressed to join in their own oppression. This answer sets the stage for analysis throughout the book, as it explores the questions of how and why the oppressed join in their oppression. Cudd argues that oppression is an institutionally structured harm perpetrated on social groups by other groups using direct and indirect material, economic, and psychological force. Among the most important and insidious of the indirect forces is an economic force that operates through oppressed persons' own rational choices. This force constitutes the central feature of analysis, and the book argues that this force is especially insidious because it conceals the fact of oppression from the oppressed and from others who would be sympathetic to their plight. The oppressed come to believe that they suffer personal failings and this belief appears to absolve society from responsibility. While on Cudd's view oppression is grounded in material exploitation and physical deprivation, it cannot be long sustained without corresponding psychological forces. Cudd examines the direct and indirect psychological forces that generate and sustain oppression. She discusses strategies that groups have used to resist oppression and argues that all persons have a moral responsibility to resist in some way. In the concluding chapter Cudd proposes a concept of freedom that would be possible for humans in a world that is actively opposing oppression, arguing that freedom for each individual is only possible when we achieve freedom for all others. |
| the defended the benefits of economic development: Local Economic Development John P. Blair, Michael C. Carroll, 2008-07-03 A comprehensive introduction to the economics of local economic development. The approach is people centered and recognizes contributions from other social sciences. |
| the defended the benefits of economic development: An Evolutionary Theory of Economic Change Richard R. Nelson, 1985-10-15 This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry. |
| the defended the benefits of economic development: Development as Freedom Amartya Sen, 2011-05-25 By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading. |
| the defended the benefits of economic development: Rethinking Capitalism Michael Jacobs, Mariana Mazzucato, 2016-07-21 Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it. |
| the defended the benefits of economic development: Negotiating Trade in Uncertain Worlds Clara Weinhardt, 2019-11-22 This book shows how a constructivist account of bargaining sheds new light on the emergence of impasse situations in international trade negotiations. It uncovers the subtle ways in which misperceptions – and the problems of overcoming them – complicate negotiations. It brings to the forefront misperceptions and sticky beliefs that complicate trade talks between the Global South and the Global North. Empirically, the book examines the recent negotiations of Economic Partnership Agreements between the European Union (EU) and West Africa (2002–2014). In doing so, it enriches the study of negotiations of development-oriented trade agreements in the context of a major North-South partnership. By exploring a constructivist perspective on game theory, the author uncovers how the repeated impasse situations followed from the different games both sides expected to be playing. The author shows that such misperceptions endured because they reflected deep-seated normative disagreements not only over the effects of neo-liberal trade reforms, but also over how to structure EU – Africa post-colonial trade relations in the 21st century. Comparing and contrasting both sides’ divergent perspectives helps us to see how trade negotiations are never just about economic interests, but also about the (re)negotiation of the values and ideas that structure state interaction. The book draws on a large set of qualitative primary data on EU-West Africa trade negotiations. Negotiating trade in uncertain worlds will be of great interest to students and scholars of international relations, international political economy, international trade, international negotiations, EU external relations, EU-Africa cooperation, economic diplomacy, international relations of the developing world, and North-South cooperation. |
| the defended the benefits of economic development: Economics in One Lesson Henry Hazlitt, 2010-08-11 With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication. |
| the defended the benefits of economic development: The Economics of Freedom Frédéric Bastiat, Tom Palmer, 2021-09-10 Students For Liberty and the Atlas Economic Research Foundation have published a new book, The Economics of Freedom: What Your Professors Won't Tell You. It features a feature a collection of Bastiat's best essays including such classics as What is Seen and What is Not Seen and A Petition, along with contemporary essays by Nobel Laureate F.A. Hayek and Atlas Foundation Vice President Tom G. Palmer. |
| the defended the benefits of economic development: The Grasping Hand Ilya Somin, 2015-05-28 In 2005, the Supreme Court ruled that the city of New London, Connecticut, could condemn fifteen residential properties in order to transfer them to a new private owner. Although the Fifth Amendment only permits the taking of private property for “public use,” the Court ruled that the transfer of condemned land to private parties for “economic development” is permitted by the Constitution—even if the government cannot prove that the expected development will ever actually happen. The Court’s decision in Kelo v. City of New London empowered the grasping hand of the state at the expense of the invisible hand of the market. In this detailed study of one of the most controversial Supreme Court cases in modern times, Ilya Somin argues that Kelo was a grave error. Economic development and “blight” condemnations are unconstitutional under both originalist and most “living constitution” theories of legal interpretation. They also victimize the poor and the politically weak for the benefit of powerful interest groups and often destroy more economic value than they create. Kelo itself exemplifies these patterns. The residents targeted for condemnation lacked the influence needed to combat the formidable government and corporate interests arrayed against them. Moreover, the city’s poorly conceived development plan ultimately failed: the condemned land lies empty to this day, occupied only by feral cats. The Supreme Court’s unpopular ruling triggered an unprecedented political reaction, with forty-five states passing new laws intended to limit the use of eminent domain. But many of the new laws impose few or no genuine constraints on takings. The Kelo backlash led to significant progress, but not nearly as much as it may have seemed. Despite its outcome, the closely divided 5-4 ruling shattered what many believed to be a consensus that virtually any condemnation qualifies as a public use under the Fifth Amendment. It also showed that there is widespread public opposition to eminent domain abuse. With controversy over takings sure to continue, The Grasping Hand offers the first book-length analysis of Kelo by a legal scholar, alongside a broader history of the dispute over public use and eminent domain and an evaluation of options for reform. |
| the defended the benefits of economic development: The Economics of Welfare Arthur Cecil Pigou, 1920 |
| the defended the benefits of economic development: Price, Principle, and the Environment Mark Sagoff, 2004-09-06 Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers. |
| the defended the benefits of economic development: What Would the Great Economists Do? Linda Yueh, 2018-06-05 An exploration of the life and work of world-changing thinkers--from Adam Smith to John Maynard Keynes--and how their ideas would solve the great economic problems we face today--Amazon.com. |
| the defended the benefits of economic development: Rules for the World Michael Barnett, Martha Finnemore, 2012-04-15 Rules for the World provides an innovative perspective on the behavior of international organizations and their effects on global politics. Arguing against the conventional wisdom that these bodies are little more than instruments of states, Michael Barnett and Martha Finnemore begin with the fundamental insight that international organizations are bureaucracies that have authority to make rules and so exercise power. At the same time, Barnett and Finnemore maintain, such bureaucracies can become obsessed with their own rules, producing unresponsive, inefficient, and self-defeating outcomes. Authority thus gives international organizations autonomy and allows them to evolve and expand in ways unintended by their creators. Barnett and Finnemore reinterpret three areas of activity that have prompted extensive policy debate: the use of expertise by the IMF to expand its intrusion into national economies; the redefinition of the category refugees and decision to repatriate by the United Nations High Commissioner for Refugees; and the UN Secretariat's failure to recommend an intervention during the first weeks of the Rwandan genocide. By providing theoretical foundations for treating these organizations as autonomous actors in their own right, Rules for the World contributes greatly to our understanding of global politics and global governance. |
| the defended the benefits of economic development: Neither Free Trade Nor Protection Bill Dunn, 2015-04-30 This book challenges both sides of the debate around international trade. Most mainstream economists advocate free trade as a mainstay of national and global prosperity. Meanwhile, many critics see trade causing inequality and poverty. Unfortunately, s |
| the defended the benefits of economic development: The Wealth of Nations Adam Smith, 2010-10-12 THE MOST INFLUENTIAL BOOK ON MODERN ECONOMICS The Wealth of Nations is an economics book like no other. First published in 1776, Adam Smith's groundbreaking theories provide a recipe for national prosperity that has not been bettered since. It assumes no prior knowledge of its subject, and over 200 years on, still provides valuable lessons on the fundamentals of economics. This keepsake edition is a selected abridgement of all five books, and includes an Introduction by Tom Butler-Bowdon, drawing out lessons for the contemporary reader, a Foreword from Eamonn Butler, Director of the Adam Smith Institute, and a Preface from Dr. Razeen Sally of the London School of Economics. |
| the defended the benefits of economic development: From Poverty to Power Duncan Green, 2008 Offers a look at the causes and effects of poverty and inequality, as well as the possible solutions. This title features research, human stories, statistics, and compelling arguments. It discusses about the world we live in and how we can make it a better place. |
| the defended the benefits of economic development: Equality, the Third World, and Economic Delusion Péter Tamás Bauer, 1981 Even in impoverished countries lacking material and human resources, P. T. Bauer argues, economic growth is possible under the right conditions. These include a certain amount of thrift and enterprise among the people, social mores and traditions which sustain them, and a firm but limited government which permits market forces to work. Challenging many views about development that are widely held, Bauer takes on squarely the notion that egalitarianism is an appropriate goal. He goes on to argue that the population explosion of less-developed countries has on the whole been a voluntary phenomenon and that each new generation has lived better than its forebears. He also critically examines the notion that the policies and practices of Western nations have been responsible for third world poverty. In a major chapter, he reviews the rationalizations for foreign aid and finds them weak; while in another he shows that powerful political clienteles have developed in the Western nations supporting the foreign aid process and probably benefiting more from it than the alleged recipients. Another chapter explores the link between the issue of Special Drawing Rights by the International Monetary Fund on the one hand and the aid process on the other. Throughout the book, Bauer carefully examines the evidence and the light it throws on the propositions of development. Although the results of his analysis contradict the conventional wisdom of development economics, anyone who is seriously concerned with the subject must take them into account. |
| the defended the benefits of economic development: The Washington Consensus Reconsidered Narcís Serra, Joseph E. Stiglitz, 2008-04-24 This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate. The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance. |
| the defended the benefits of economic development: Model Rules of Professional Conduct American Bar Association. House of Delegates, Center for Professional Responsibility (American Bar Association), 2007 The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts. |
| the defended the benefits of economic development: The Asia-Pacific, Regionalism and the Global System Christopher M. Dent, Jörn Dosch, 2012-01-01 'Dent and Dosch have put together a superb volume that explores new dimensions of the world events for the past five decades and take decrypting the processes of regionalism, global system, and world society to a new height. The contributors have enhanced our understanding of how regionalism has been changing, when a world society will be created, and why East Asia's centrality matters in this unfolding drama. Policymakers, academics, and mass media opinion makers will find the book useful, provocative, and refreshing.' – Eul-Soo Pang, Institute of Southeast Asian Studies, Singapore Ever since the Asia-Pacific transformed from an 'institutional desert' into one of the most networked areas in the world, questions of the region's future and the future of the global system have become closely intertwined. This volume explores the key issues of regional co-operation, economic and political integration, security relations and international affairs within and across the Asia-Pacific. The expert contributors shed critical light on how significant developments are impacting on the global system. In particular, they consider emerging forms of global governance, and how the Asia-Pacific as a region, individual countries such as China, Japan, South Korea and the US, and regional organisations and forums like APEC are shaping the world. Uniquely, the discussion is not limited to East Asia but also takes Latin America prominently into the equation. This timely book will prove to be a stimulating read for academics, students, researchers and policymakers with an interest in Asian studies, development and agriculture, economics, international studies. |
| the defended the benefits of economic development: General Theory Of Employment , Interest And Money John Maynard Keynes, 2016-04 John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and Keynesian views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
| the defended the benefits of economic development: In Defense of Monopoly Richard B. McKenzie, Dwight R. Lee, 2008-02-04 A provocative defense of market dominance |
| the defended the benefits of economic development: A Farewell to Alms Gregory Clark, 2008-12-29 Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution--and the unprecedented economic growth that came with it--occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich--and why did it make large parts of the world even poorer? In A Farewell to Alms, Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture--not exploitation, geography, or resources--explains the wealth, and the poverty, of nations. Countering the prevailing theory that the Industrial Revolution was sparked by the sudden development of stable political, legal, and economic institutions in seventeenth-century Europe, Clark shows that such institutions existed long before industrialization. He argues instead that these institutions gradually led to deep cultural changes by encouraging people to abandon hunter-gatherer instincts-violence, impatience, and economy of effort-and adopt economic habits-hard work, rationality, and education. The problem, Clark says, is that only societies that have long histories of settlement and security seem to develop the cultural characteristics and effective workforces that enable economic growth. For the many societies that have not enjoyed long periods of stability, industrialization has not been a blessing. Clark also dissects the notion, championed by Jared Diamond in Guns, Germs, and Steel, that natural endowments such as geography account for differences in the wealth of nations. A brilliant and sobering challenge to the idea that poor societies can be economically developed through outside intervention, A Farewell to Alms may change the way global economic history is understood. |
| the defended the benefits of economic development: Before and Beyond Divergence Jean-Laurent Rosenthal, R. Bin Wong, 2011-04-01 China has reemerged as a powerhouse in the global economy, reviving a classic question in economic history: why did sustained economic growth arise in Europe rather than in China? Many favor cultural and environmental explanations of the nineteenth-century economic divergence between Europe and the rest of the world. This book, the product of over twenty years of research, takes a sharply different tack. It argues that political differences which crystallized well before 1800 were responsible both for China’s early and more recent prosperity and for Europe’s difficulties after the fall of the Roman Empire and during early industrialization. Rosenthal and Wong show that relative prices matter to how economies evolve; institutions can have a large effect on relative prices; and the spatial scale of polities can affect the choices of institutions in the long run. Their historical perspective on institutional change has surprising implications for understanding modern transformations in China and Europe and for future expectations. It also yields insights in comparative economic history, essential to any larger social science account of modern world history. |
| the defended the benefits of economic development: Harmonies of Political Economy Frédéric Bastiat, 2017 Keine Angaben |
| the defended the benefits of economic development: Beyond Development Miriam Lang, 2013 |
| the defended the benefits of economic development: 23 Things They Don't Tell You about Capitalism Ha-Joon Chang, 2011-01-02 INTERNATIONAL BESTSELLER For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable.-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, How to Rebuild the World, Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market. |
| the defended the benefits of economic development: Universal Economics Armen Albert Alchian, William Richard Allen, 2018 Universal Economics is a new work that bears a strong resemblance to its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh presentation of the analytical tools employed in the economic way of thinking. More than any other principles textbook, Universal Economics develops the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in a modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles. No one has ever done price theory better than Alchian -- that is, no one has ever excelled Alchians ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few -- I can count them on my fingers -- have a claim for being considered to have done price theory as well as he did it. -- Donald Boudreaux, George Mason University. Armen A. Alchian (19142013), one of the twentieth centurys great teachers of economic science, taught at UCLA from 1958 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian. Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagans Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland. |
| the defended the benefits of economic development: Oswaal CBSE Question Bank Class 12 Economics, Chapterwise and Topicwise Solved Papers For Board Exams 2025 Oswaal Editorial Board, 2024-01-23 Description of the product: • 100% Updated Syllabus & Fully Solved Board Papers: we have got you covered with the latest and 100% updated curriculum. • Crisp Revision with Topic-wise Revision Notes, Smart Mind Maps & Mnemonics. • Extensive Practice with 3000+ Questions & Board Marking Scheme Answers to give you 3000+ chances to become a champ. • Concept Clarity with 1000+ Concepts & 50+ Concept Videos for you to learn the cool way—with videos and mind-blowing concepts. • NEP 2020 Compliance with Art Integration & Competency-Based Questions for you to be on the cutting edge of the coolest educational trends. |
| the defended the benefits of economic development: Principles of Development Economics Henry J. Bruton, 1965 On economic growth and underdevelopment; On capital formation; On the uses of investible resources; On the allocation of investible resources; Some special topics. |
| the defended the benefits of economic development: "Are Economists Basically Immoral?" Paul T. Heyne, 2008 Art Economists Basically Immoral? and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior. Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues.--BOOK JACKET. |
| the defended the benefits of economic development: The Green Belt Movement Wangari Maathai, 2003 Wangari Maathai, founder of The Green Belt Movement, tells its story including the philosophy behind it, its challenges, and objectives. |
| the defended the benefits of economic development: The Economics of Intellectual Property. Suggestions for Further Research in Developing Countries and Countries with Economies in Transition World Intellectual Property Organization, 2009-01-01 The series of papers in this publication were commissioned from renowned international economists from all regions. They review the existing empirical literature on six selected themes relating to the economics of intellectual property, identify the key research questions, point out research gaps and explore possible avenues for future research. |
| the defended the benefits of economic development: Sharing the Prize Gavin Wright, 2013-02-25 Southern bus boycotts and lunch counter sit-ins were famous acts of civil disobedience but were also demands for jobs in the very services being denied blacks. Gavin Wright shows that the civil rights struggle was of economic benefit to all parties: the wages of southern blacks increased dramatically but not at the expense of southern whites. |
| the defended the benefits of economic development: The Great Economists Linda Yueh, 2018-03-15 What can the ideas of history's greatest economists tell us about the most important issues of our time? 'The best place to start to learn about the very greatest economists of all time' Professor Tyler Cowen, author of The Complacent Class and The Great Stagnation ___________________________ Since the days of Adam Smith, economists have grappled with a series of familiar problems -- but often their ideas are hard to digest, before we even try to apply them to today's issues. Linda Yueh is renowned for her combination of erudition, as an accomplished economist herself, and accessibility, as a leading writer and broadcaster in this field; and in The Great Economists she explains the key thoughts of history's greatest economists, how their lives and times affected their ideas, how our lives have been influenced by their work, and how they could help with the policy challenges that we face today. In the light of current economic problems, and in particular economic growth, Yueh explores the thoughts of economists from Adam Smith and David Ricardo through Joan Robinson and Milton Friedman to Douglass North and Robert Solow. Along the way she asks, for example: what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How does the work of John Maynard Keynes, who argued for government spending to create full employment, help us think about state investment? And with globalization in trouble, what can we learn about handling Brexit and Trumpism? In one accessible volume, this expert new voice provides an overarching guide to the biggest questions of our time. The Great Economists includes: Adam Smith David Ricardo Karl Marx Alfred Marshall Irving Fisher John Maynard Keynes Joseph Schumpeter Friedrich Hayek Joan Robinson Milton Friedman Douglass North Robert Solow ___________________________ 'Economics students, like others, can learn a lot from this book' - Professor Paul Collier, author of The Bottom Billion 'Not only a great way to learn in an easily readable manner about some of the greatest economic influences of the past, but also a good way to test your own a priori assumptions about some of the big challenges of our time' - Lord Jim O'Neill, former Chairman at Goldman Sachs Asset Management, former UK Treasury Minister, and author of The Growth Map 'An extremely engaging survey of the lifetimes and ideas of the great thinkers of economic history' - Professor Kenneth Rogoff, author of The Curse of Cash and co-author of This Time is Different 'This book is a very readable introduction to the lives and thinking of the greats' - Professor Raghuram Rajan, former Governor of the Reserve Bank of India, and author of I Do What I Do and Fault Lines 'Read it not only to learn about the world's great economists, but also to see how consequential thought innovations can be, and have been' - Mohamed el-Erian, Chief Economic Adviser at Allianz, former CEO of PIMCO |
| the defended the benefits of economic development: Open Kimberly Clausing, 2019-03-04 A Financial Times Best Economics Book of the Year A Foreign Affairs Best Book of the Year A Fareed Zakaria GPS Book of the Week “A highly intelligent, fact-based defense of the virtues of an open, competitive economy and society.” —Fareed Zakaria “A vitally important corrective to the current populist moment...Open points the way to a kinder, gentler version of globalization that ensures that the gains are shared by all.” —Justin Wolfers “Clausing’s important book lays out the economics of globalization and, more important, shows how globalization can be made to work for the vast majority of Americans. I hope the next President of the United States takes its lessons on board.” —Lawrence H. Summers, former Secretary of the Treasury “Makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization.” —Richard N. Cooper, Foreign Affairs Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. |
| the defended the benefits of economic development: Making It Louis Uchitelle, 2009-06-09 A veteran New York Times economics correspondent reports from factories nationwide to illustrate the continuing importance of industry for our country. In the 1950s, manufacturing generated nearly 30 percent of US income. But over the decades, that share has gradually declined to less than 12 percent, at the same time that real estate, finance, and Wall Street trading have grown. While manufacturing’s share of the US economy shrinks, it expands in countries such as China and Germany that have a strong industrial policy. Meanwhile Americans are only vaguely aware of the many consequences—including a decline in their self-image as inventive, practical, and effective people—of the loss of that industrial base. Reporting from places where things were and sometimes still are “Made in the USA”—New York, New York; Boston; Detroit; Fort Wayne and Indianapolis, Indiana; Los Angeles; Midland, Michigan; Milwaukee; Philadelphia; St. Louis; and Washington, DC—Louis Uchitelle argues that the government has a crucial role to play in making domestic manufacturing possible. If the Department of Defense subsidizes the manufacture of weapons and war materiel, why shouldn’t the government support the industrial base that powers our economy? Combining brilliant reportage with an incisive economic and political argument, Making It tells the overlooked story of manufacturing’s still-vital role in the United States and how it might expand. “Compelling . . . demonstrates the intimate connection between good work and national well-being . . . economics with a heart.” —Mike Rose, author of The Mind at Work |
The Importance of History for Economic Development - Scholars …
path dependence, colonialism, institutions, norms, culture See more
The Defended The Benefits Of Economic Development (2024)
The Defended The Benefits Of Economic Development: Who Benefits from Economic Development? Irma Adelman,1972 Pocket Pressures Public Agenda Foundation
Making the economic case for development - Lichfields
Evaluate is our economic impact framework. It draws on our extensive experience of advising on the economic impacts of policy and development schemes. Evaluate strengthens the …
Chapter three: Theories of Development - Oxford University Press
What is the role of the US in the disposition of the world’s economic and environmental resources? How financial markets are best defended from economic shock? Does …
Does Economic Growth Benefit the Masses? Growth, Dependence, …
economic growth need not raise the standard of living for the masses. A recent cross-na-tional study in sociology concluded that eco-nomic growth has yielded little benefit for the masses in …
The historical roots of economic development
BACKGROUND: Traditionally, research into con-temporary economic development has taken a primarily ahistorical approach. The study of the past was relegated to the separate field of …
The role of government - World Bank
A fundamental goal of economic development is to im-prove the welfare of the poor. The evidence suggests that in the long term, in most cases, the benefits of economic growth are dispersed …
Economic Development - ACCG
The public policy benefits of economic development include expanding and diversifying the tax base, reducing unemployment, improving overall quality of life, and enhancing a community’s …
ADAM SMITH, THE WEALTH OF NATIONS (1776): ON FREE …
In the seventeenth and eighteenth centuries, Europeans accumulated vast useful knowledge relating to science, political administration, technology, and the best economic and trade …
The Role of Local Governments in Territorial Economic …
Economic development is not only economic growth, important as that may be. To be developmental, it must be inclusive, providing supports and opportunities for those who are …
The Role and Impact of Development Banks - Brandeis University
In economies with significant capital constraints, these banks serve to alleviate capital scarcity and promote entrepreneurial action to boost new or existing industries (Armendáriz de Aghion …
Understanding the Mechanisms of Economic Development
in the theory of economic development is to understand the process by which a community which was previously saving, and investing, 4 or 5 per cent of its national income or less converts …
Inclusive Economic Development
The IEDC has highlighted four trends that will reshape economic development in the future, including the growing need for talent, new types of incentives, metrics beyond simply number …
Development Policy and Development Economics: An Introduction …
Poverty reduction, economic growth, and development most broadly are the outcomes of a complex set of interactions across the entire range of economic policies and institutions. From …
How Economic Development Influences the Environment
Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one …
The role of natural resources in economic development - JSTOR
broadly the economic view of sustainable development. Most economic interpretations of sustainability take as their starting point the consensus reached by the World Commission on …
Government and Economics: An Emerging Field of Study
Government’s Role in Five Historical Episodes of Rapid Economic Growth: The U.S., Germany, Japan, South Korea, and China Not only has government’s role in the economy grown, it has …
Growth and Defense in Developing Countries - JSTOR
Economic Development and Cultural Change Multiple regression analysis, utilizing bilateral foreign aid and the investment rate as well as the defense burden showed the defense burden …
UNDERSTANDING DEVELOPMENT AND POVERTY ALLEVIATION
This year’s Prize in Economic Sciences rewards the experimental approach that has transformed development economics, a field that studies the causes of global poverty and how best to …
Environmental Economics, Ecological Economics, and the Concept …
economic or ecological point of view is defended; issues such as economic-ecological integration, inter-generational and intra-generational equity are con-sidered of fundamental importance. …
THE ROLE OF COOPERATIVES IN ECONOMIC AND SOCIAL DEVELOPMENT…
economic rent; b) they involve a degree of governance and control; and c) their gains need to be examined at a system level (Kaplinsky 2000). Due to competitive pressures, economic rents …
Promoting Local Economic Development through Strategic Planning …
Ensuring the benefits of growth spread widely such that development becomes inclusive and impacting on the quality of life of all citizens is even ... Local Economic Development (LED) …
Renewable Energy Benefits: Measuring the Economics
Decisions on energy sector investments made today will influence economic growth and development for the coming decades. They will also define our ability to decarbonise energy, …
References on Economic Growth - Stanford University
Review of Economic Studies, July 1965, 32, 233–240. Koopmans, T. C., “On the Concept of Optimal Economic Growth,” in “The Economet-ric Approach to Development Planning,” …
The Defended The Benefits Of Economic Development(2) [PDF]
The Defended The Benefits Of Economic Development(2): Social and Economic Benefits of Protected Areas Marianne Kettunen,Patrick ten Brink,2013-09-05 Protected areas PAs contain …
Colonialism and Economic Development in Africa - National …
What is the impact of colonialism on the economic development of Sub-Saharan Africa (Africa) or more generally the colonized countries? This is a question which has reverberated though the …
The Defended The Benefits Of Economic Development (2024)
The Defended The Benefits Of Economic Development: Who Benefits from Economic Development? Irma Adelman,1972 Pocket Pressures Public Agenda Foundation Staff,1995-12 …
The Role and Impact of Development Banks - Brandeis University
The Chilean Economic Development Agency FGI Investments Guarantee Fund (BNDES) ... Indirect benefits of government involvement through ... A controversial issue that is defended …
Twenty years of BRICS: political and economic transformations …
A common denominator across the heterogeneous economic development experiences of these countries to their position as high-performers has been how the state has actively made policy …
The historical roots of economic development
The historical roots of economic development Nathan Nunn This article reviews an emerging area of researchwithin economics that seeks to better understand contemporary economic …
Education and Economic Growth - Stanford University
Improvements in the quality of schools have strong long-term benefits. The best way to improve the quality of schools is unclear from existing research. ... improvement is possible. Keywords: …
How Economic Development Influences the Environment
A large body of research at the intersection of development economics and environmen-tal economics has studied how the different elements of economic development influence the …
Housing and economic development - Centre for Cities
8 Sep 2014 · Housing and economic development: Moving forward together Housing and economic development: November 2008 Executive Summary Housing matters to economic …
ECONOMIC BENEFITS OF LAND CONSERVATION
property values enough to offset the costs of land purchase and development.2 ... For information on potential economic benefits to landowners interested in protecting their property, please …
Understanding the Mechanisms of Economic Development
economic growth is perhaps closest to being a fi eld like labor or health economics, but what is currently referred to as development economics is broader, so although my examples involve …
Economic Development in Africa Report 2020 - Ch - UNCTAD
defended in spaces where the concerns of countries are fully heard and where alternative and substantiated views on international corporate taxation can be elaborated. As shown in the …
The Economic Benefits of Career Guidance - CICA
The Economic Benefits of Career Guidance . Tristram Hooley and Vanessa Dodd . July 2015 . Executive summary . This research paper sets out the evidence on the economic benefits of …
The National Framework for Local Economic Development
7.3.4 Department of Small Business Development 77 7.3.5 The Economic Development Department (EDD) 77 7.3.6 South African Local Government Association (SALGA) 78 7.4 The …
THE ROLE OF EDUCATION IN ECONOMIC DEVELOPMENT
of their lives and leads to broad social benefits to individuals and society. Education raises people’s productivity and creativity and promotes entrepreneurship and technological …
The role of innovation and technology for sustainable development
nexus of science-technology-innovation (STI) for economic growth and sustainable development, and the creation of an STI Forum. Innovation and diffusion of new technologies are …
Socio economic Implications of in - IIFT
economic and socio‐economic benefits emanating from this IP, it is essential to ensure an appropriate legal protection for GIs at the national as well as the international level. At the …
Renewable Energy: Environmental Impacts and Economic Benefits …
A. Economic Benefits for Sustainable Development Wind energy has become an affordable and reliable source of alternative, renewable energy. Continued research and development has led …
3 ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT
3.2 ECONOMIC DEVELOPMENT Economic development is defined as a sustained improvement in material well being of society. Economic development is a wider concept than economic …
A Note on Classical Economics - JSTOR
economic theory defended the relatively minor evil of the status quo by of fering greater evil as the result of alternative policy. The device that provided the strength of classical economic theory …
Drivers of Change and Development in Malawi - ETH Z
Development record and prospects Malawi’s socio-economic development since 1964 is seen as falling into three phases. The first was characterised by quite rapid economic growth but was …
The role of government - World Bank
A fundamental goal of economic development is to im-prove the welfare of the poor. The evidence suggests that in the long term, in most cases, the benefits of economic growth are dispersed …
Chapter Two: Growth Models and Theories of Development
Development Economics (PDS3084) Lecture Notes_____ 1 Chapter Two: Growth Models and Theories of Development 2.1. Growth Models –Harod Domar The Harrod–Domar model is a …
Planning for Economic Development
for Economic Development, University of North Carolina at Chapel Hill; Member, APA Economic Development Division) Adam Mawyer ... innovation, widely shared benefits, and an improved …
Economic Benefits of Road Infrastructure on Agricultural Development ...
Mellor's (1976) outline for the future economic development of India places infrastructural development as one of the top priorities. Mellor indicates that infrastructure plays a strategic …
Debates on development and its alternatives in Latin America: a …
Maynard Keynes and Nicholas Kaldor, who defended the vision of progress. Since the attachment to progress and modernity was already evident in Latin America since the 19th century, …
UNIT 11: CLASSICAL THEORIES OF DEVELOPMENT
16.3 Ricardian Theory of Economic Development 16.3.1 Assumptions 16.3.2 Main Features 16.3.3 A Critical Appraisal 16.4 Malthusian Theory of Economic Development 16.4.1 Effective …
Road Infrastructure and Economic Development - The World Bank
countries, and time-series analysis of U.S. data with economic development: The average since 1950, show consistent and significant density of paved roads in good condition varies …
What is economic growth? - McKinsey & Company
the Human Development Index, which tracks key dimensions of human achievement, including life expectancy and quality of life, education levels, ... fairness, all considered in terms of …
Economic and Social Dimensions of Sustainable Development
IAEA • In 1999, IAEA initiated the Project Indicators for Sustainable Energy Development – ISED, in cooperation with various international organizations, to: • Fill the need for a consistent set of …
Urbanization, Agglomeration, and Economic Development - The …
Urbanization, Agglomeration, and Economic Development iii . About the Series . The Commission on Growth and Development led by Nobel Laureate Mike Spence was established in April …
CHAPTER 8: ECONOMIC DEVELOPMENT& SECTION 108
Chapter 8: Economic Development & Section 108 Economic development undertaken by community based development organizations (CBDOs). These are activities designed to assist …
The role of government - World Bank
A fundamental goal of economic development is to im-prove the welfare of the poor. The evidence suggests that in the long term, in most cases, the benefits of economic growth are dispersed …
History and Programmatic Overview of the Economic Development ...
Comprehensive Economic Development Strategy Eligibility for EDA grants begins with the Comprehensive Economic Development Strategy in an applicant’s region. This plan for …
ADAM SMITH, THE WEALTH OF NATIONS (1776): ON FREE …
economic growth, did systematic economic thought emerge. Adam Smith (1723–90), a Scottish philosopher, economist, and political thinker, in An Inquiry into the Nature and Causes of the …
Foreign Direct Investment, Finance, and Economic Development
22 Sep 2017 · question: How does FDI affect economic development of host countries and what is the role of local financial markets in mediating the potential benefits? We first define FDI and …
What is Economic Sustainability? - Taylor & Francis Online
sustainable economic development are non-contradictory. In other ... progress became the magic want, brilliantly defended by J.Schumpeter, which kept real economies away from the …
MICHAEL P. TODARO STEPHEN C. SMITH ECONOMIC DEVELOPMENT …
vi Contents 2.4 Key Similarities and Differences Among Developing Countries 54 2.4.1 Levels of Income and Productivity 54 2.4.2 Human Capital Attainments 55 2.4.3 Inequality and Absolute …
Exceptional Returns: Economic, Fiscal, and Social Benefits of ...
security taxes or cutting benefits. The economic and social benefits from ECD investment amount to much more than just improvements in public balance sheets. By improving the skills of a …
SUSTAINABLE TOURISM AND ITS ENVIRONMENTAL, ECONOMIC AND SOCIAL BENEFITS ...
Economic development, environmental preservation, and social development are the three elements of sustainable development. The term "social development" has recently been replaced
Property Rights, Law, and Economic Development
“The Problem of Social Cost”.1 Coase’s seminal work was gradually extended and refined by Alchian,2 Demsetz,3 Furubotn and Pejovich,4 De Alessi,5 Barzel,6 and others and eventually …
The role of the state in ensuring sustainable development in
1993:15-17). However, the development theory has commonly acknowledged that economic and social development are interrelated. Economic growth is desirable because it makes poverty …
The benefits of tourism for rural community development - Nature
contributions to rural community development; economic, sociocultural, environmental, and leisure and educational, and 32 subattributes. Ultimately, we confirm that economic benefits
The Political Economy of Capitalism - Harvard Business School
However, if market prices are to coordinate the actions of economic actors so that they spontaneously maximize the revenues for society as well as for individuals, then those market …
Irish Economic and Social History Protection Versus Free Trade …
9 Mar 2021 · Economic Development is widely credited with providing the intellectual foundation for the trade liberalisation process of the following decades. Keywords protectionism, free …
