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Disasters and the Networked Economy

by J.M. Albala-Bertrand

Mainstream quantitative analysis and simulations are fraught with difficulties and are intrinsically unable to deal appropriately with long-term macroeconomic effects of disasters. In this new book, J.M. Albala-Bertrand...


Energy Optimization in Process Systems and Fuel Cells

by Stanislaw Sieniutycz & Jacek Jezowski

Energy Optimization in Process Systems and Fuel Cells, Second Edition covers the optimization and integration of energy systems, with a particular focus on fuel cell technology. With rising energy prices, imminent...


Monetary Transaction Costs and the Term Premium

by Raphael A. Espinoza & Dimitrios P. Tsomocos

We show that, in a monetary equilibrium, trade and asset prices depend on both the supply of the liquidity by the Central Bank and the liquidity of assets and commodities. As a result, monetary aggregates are...


The Federal Reserve and the Financial Crisis

by Ben S. Bernanke

In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role...


Handbook of the Economics of Finance: Asset Pricing

by George M. Constantinides, Milton Harris & Rene M. Stulz

The 12 articles in this second of two parts condense recent advances on investment vehicles, performance measurement and evaluation, and risk management into a coherent springboard for future research.  Written...


Working Scared (Or Not at All): The Lost Decade, Great Recession, and Restoring the Shattered American Dream

by Carl E. Van Horn

Working Scared tells the story of the American workforce during a period of wrenching economic change and two recessions. By tracing the experiences of workers in times of economic prosperity and economic recession,...


Current Account Norms in Natural Resource Rich and Capital Scarce Economies

by Juliana Dutra Araujo & Grace Bin Li

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses....


Internal Game Theory

by Tassos Patokos

Traditional game theory requires at least two individuals. This book extends game theory to the inner workings of a single person.

Using game theory to analyse single individuals makes sense if one thinks of...


Financial Development and Economic Growth: Theory and Experiences from Developing Countries

by Niels Hermes & Robert Lensink

This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts: the first...


Financial Regulation: Why, How and Where Now?

by Charles Goodhart, Philipp Hartmann & David T. Llewellyn

Financial Regulation presents an important restatement of the purposes and objectives of financial regulation. The authors provide details and data on the scale, nature and costs of regulatory problems around...


Revolution From Above: The Demise of the Soviet System

by David Kotz & Fred Weir

Controversially this book argues that the ruling party-state elite in the USSR itself moved to dismantle the old system. Topics discussed include:

* the beginnings of economic decline in 1975

* Gorbachev's...


Stabilization and Structural Adjustment in Poland

by Henryk Kierzkowski, Marek Okólski & Stanislaw H. Wellisz

The Solidarity-led government which came into power in Poland in Autumn 1989 faced two enormous tasks. First, to stabilize an economy prone to hyperflation. Second, to replace a crumbling command system in favour...


Probability in Economics

by Omar Hamouda & Robin Rowley

Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic...


Macrodynamics: Fluctuations and Growth: A study of the economy in equilibrium and disequilibrium

by Pierre-Yves Hénin

Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of...


Ricardo and the Theory of Value Distribution and Growth

by Giovanni A. Caravale & Domenico A. Tosato

The book presents a rigorous reconstruction of Ricardo's contribution to economic theory and a unifying interpretation of the key issues of Ricardo's research. Part One deals primarily with the problems of value...


Theories of the Bargaining Process

by Alan Coddington

The rise of game theory has made bargaining one of the core issues in economic theory. Written at a theoretical and conceptual level, the book develops a framework for the analysis of bargaining processes. The...


Lament for Economics

by Barbara Wooton

Does economics actually help us to understand and solve real world problems? Examining and analysing the role of economics and economic theory in the social and political life of the early twentieth century,...


Industrial Economic Regulation: A Framework and Exploration

by Roger Sugden

Leading industrial economists focus on the processes by which governments in market economies take actions to influence economic activity in firms and industries. They examine the basis of regulation, assessing...


Joseph A. Schumpeter: Historian of Economics: Perspectives on the History of Economic Thought

by Laurence S. Moss

Joseph A. Schumpeter was one of the great economists of the twentieth century. His History of Economic Analsyis is perhaps the greatest contribution to the history of economics, providing a magisterial account...


History of Environmental Economic Thought

by Erhun Kula

This volume presents the ideas of major figures in economics throughout history on key environmental issues such as population growth, resource scarcity and environmental contamination. Throughout, the historical...