Econophysics of wealth distributions

Econophys-Kolkata I

Understanding the distribution of income and wealth in an economy has been a classic problem in economics for the last hundred years. Apart from the rapidly decaying number density of people with their income crossing over to a robust power law for the very rich ...

Structural unemployment in western Europe

reasons and remedies

Leading international economists examine the different patterns and long-term trends behind persistent unemployment across Western Europe in light of recent developments in labour market theory. Structural unemployment, or persistently high levels of unemployment that do not follow the ups and downs of a typical business ...

Economic growth with income and wealth distribution

The book deals with economic issues related to income and wealth among individuals, regions and countries. It presents a general theory with endogenous capital, knowledge and preference changes for an economic system with heterogeneous households, multiple sectors, multiple regions and multiple countries. Economic issues and ...

The theory of international trade and unemployment

In this book, Paul Oslington underlines the contradiction between the prominence of job losses in political conflict over trade liberalization, and trade economists usually working with full employment models.

Tax policy and labor market performance

This work talks about the effect of tax policies and welfare state incentives on the performance of the labor market: theoretical and empirical analyses by leading European and American economists. High unemployment in many European OECD countries has been attributed to factors ranging from rigid ...

The Natural survival of work

job creation and job destruction in a growing economy

How to manage the unemployment that occurs in the process of the continuous job destruction and creation responsible for growth in today's economies: what recent economic research tells us about wages, incentives to work, and education. Every working day in the United States, 90 ...

Stochastic dynamic macroeconomics

theory and empirical evidence

This is a book on stochastic dynamic macroeconomics from a Keynesian perpective. It shows that including Keynesian features in intertemporal models considerably contributes to resolve major puzzles arising in the context of the Dynamic General Equilibrium (DGE) model. It also demonstrates that including microeconomic intertemporal ...

The role of policymakers in business cycle fluctuations

The book's central theme is that a policymaker's role is to enhance the public's ability to co-ordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit ...

Stochastic optimal control, international finance, and debt crises

This book focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth and current account balances, in a world of uncertainty. The theoretical parts result from interdisciplinary research between economics and applied mathematics. From the economic theory and the mathematics ...

Money, bank credit, and economic cycles

Can the market fully manage the money and banking sector? Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and ...

Japan's great stagnation

financial and monetary policy lessons for advanced economies

Experts on the Japanese economy examine Japan's prolonged period of economic underperformance, analyzing the ways in which the financial system, monetary policy, and international financial factors contributed to its onset and duration. After experiencing spectacular economic growth and industrial development for much of the ...

House prices and the macroeconomy

implications for banking and price stability

House price bubbles, and their aftermath, have become a focus of macro- economic policy concern in most developed countries. This book elucidates the two-way relationship between house-price fluctuations and economic fundamentals. Housing has many features which make it distinct from other assets, like equity. Real ...

Growth and development

with special reference to developing economies

For over thirty years, this classic text has offered students a comprehensive overview of the economic aspects of growth and development which is clearly written without sacrificing rigour. The focus is on macroeconomic issues with unique chapters on the history of economic thought, project appraisal ...

The Oxford handbook of innovation

This handbook looks to provide academics and students with a comprehensive and holistic understanding of the phenomenon of innovation. Innovation spans a number of fields within the social sciences and humanities: Management, Economics, Geography, Sociology, Politics, Psychology, and History. Consequently, the rapidly increasing body of ...

El proceso tecnológico y el reparto de la productividad en España

El resurgimiento de los estudios de largo plazo aparece en un momento en el que se amplía y profundiza el eslabonamiento intersectorial, cambia la estructura productiva modificando las formas y métodos de producción que refuerzan el uso de productos electrónicos, informáticos, telecomunicaciones, químicos, entre otros ...

Geography and economy

three lectures

This book focuses on the theme of the mutually constitutive relations between geographic space and the economic order. Three principle lines of investigation are identified and explored. First, Allen J. Scott sketches out the general theory of the division of labour and the ways in ...

Economic development

In this fourth edition of his textbook, E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America, and East-Central Europe. This comprehensive and clearly written text explains the growth in real income per person and income disparities within and between developing countries. The ...

Evolution of markets and institutions

a study of an emerging economy

The new institutional economics has been one of the most influential schools of thought to emerge in the past quarter century. Taking its roots in the transaction cost theory of the firm as an economic organization rather than purely a production function, it has been ...

The production of knowledge

the challenge of social science research

Bill Starbuck has been one of the leading management researchers over several decades. In this book, he reflects on a number of challenges associated with management and social science research - the search for a 'behavioral science', the limits of rationality, the unreliability of many research ...

Understanding poverty

Brings together essays by thirty-four leading economists about important things they have learnt from their research that relate to poverty. These essays range from the impact of colonialism and globalization to the future of micro-credit and the quest for vaccines.