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  • Economic Torts and Economic Wrongs
    Economic Torts and Economic Wrongs

    This book explores contemporary issues in respect of causes of action which operate to protect a plaintiff’s economic interests. It examines the question from across the spectrum of private law.Focusing mainly on common law principles, it looks in particular at the treatment of such causes of action in the United Kingdom, Australia, Canada, Singapore as well as other common law jurisdictions.Addressing both theoretical and doctrinal issues, this important book will appeal to both private law scholars and practitioners.

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  • European Economic Governance : Theories, Historical Evolution, and Reform Proposals
    European Economic Governance : Theories, Historical Evolution, and Reform Proposals

    This book examines the economic theories and policies that underline the governance of the European Union.Through exploring the history of European economic governance and how this framework has evolved over time, it contextualises theoretical influences, policy debates surrounding the European Union and its instruments of governance, including the European Semester, Six Pack, Two Pack, and Fiscal Compact.Forthcoming reforms to fiscal rules and the economic policy architecture of the European Union are also discussed, with a particular focus on the impact of the COVID-19 pandemic.This book aims to give readers a broad understanding of the framework and dynamics that define European economic governance.It will be relevant to researchers and policymakers interested in the European political economy.

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  • Institutions and Chinese Economic Development : A Comparative Historical Approach
    Institutions and Chinese Economic Development : A Comparative Historical Approach

    China’s rise as an economic power has posed some challenging questions: how did China achieve GDP growth that was even faster than the Four Asian Tigers?Is the "Chinese model" superior? Why hasn’t the rapid economic growth lead to democracy in the country as many observers expected? And can China sustain its rapid economic growth with its existing social system?Institutions and Chinese Economic Development: A Comparative Historical Approach explores these questions by studying the historical relationship between institutions and economic development in China, drawing comparisons with England, Japan and other Asian economies as appropriate.The investigation focuses on several junctures in China’s economic development: the starting point of the divergence between China and the West; the externally-provoked industrial development in the late 19th century; and the contemporary Chinese Miracle.The analysis foregrounds the role played by Chinese institutions and examines their effects on both the country’s failure to industrialize in the past and its economic achievements in recent time.The book also asks whether, without reform to the existing state institutions, China might still be subject to the historical dynastic cycles today, despite its recent economic success. This work is of great interest to students and scholars of the Chinese economy, economic history and institutional economics, as well as comparative history and Chinese studies more broadly.

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  • Indian Economic Growth in Historical Perspective : The Roots of Development
    Indian Economic Growth in Historical Perspective : The Roots of Development

    This book investigates the roots of rapid economic growth of India in recent decades, by exploring historical processes from the late colonial period.Based upon decades-long archival and field research, this book deals with the period from the late nineteenth century to 2013 and offers an integral viewpoint of the economic history of India.While critiquing the conventional understanding that links recent economic growth only with the development of high-tech, export-oriented service sectors under the liberalised economy, the book suggests deeper and wider roots of development that had a cumulative effect in three stages.First, the agrarian development and rural socio-economic changes from the end of the nineteenth century.Second, the state-led import-substitution industrialisation since 1950 that established the industrial foundations for future economic growth.Third, the economic reforms since 1991 that helped technology-intensive industries find new markets with improved quality of production. For the first time available in English, this book by the late Professor Haruka Yanagisawa, who was a leading figure in the South Asia studies collective in Japan, is an important contribution to the academic tradition of economic history of India.It will be of interest to researchers in the field of social and economic history, sociology, anthropology and economies of South Asia.

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  • How are economic cycles and economic growth related?

    Economic cycles and economic growth are closely related. Economic cycles refer to the fluctuations in economic activity, including periods of expansion and contraction. Economic growth, on the other hand, refers to the long-term increase in a country's output of goods and services. During an economic expansion phase of the cycle, there is typically higher economic growth, as businesses invest and consumer spending increases. Conversely, during a contraction phase, economic growth tends to slow down or even turn negative. Therefore, economic cycles can have a significant impact on the overall level of economic growth in a country.

  • How does economic growth occur in the economic cycle?

    Economic growth occurs in the economic cycle through a combination of factors. During the expansion phase of the cycle, businesses invest in new equipment and technology, leading to increased productivity and output. This increased production leads to higher employment levels and consumer spending, further fueling economic growth. Additionally, during this phase, consumer and business confidence is high, leading to increased investment and spending. Overall, economic growth occurs as a result of increased production, employment, and investment during the expansion phase of the economic cycle.

  • What is the difference between economic system and economic process?

    An economic system refers to the structure and organization of an economy, including the institutions, laws, and policies that govern economic activity. It encompasses the overall framework within which economic decisions are made, resources are allocated, and goods and services are produced and distributed. On the other hand, an economic process refers to the specific actions and activities that take place within an economic system, such as production, consumption, investment, and trade. While the economic system sets the rules and parameters for these processes, the economic process involves the day-to-day activities and transactions that drive the economy.

  • Are we in an economic crisis or a global economic crisis?

    We are currently facing a global economic crisis due to the impact of the COVID-19 pandemic. The pandemic has caused widespread disruptions to economies around the world, leading to job losses, business closures, and financial instability. Governments and central banks have implemented various measures to mitigate the economic fallout, but the full extent of the crisis is still unfolding. The interconnected nature of the global economy means that the effects of this crisis are being felt on a worldwide scale.

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  • Historical Legacies of Communism : Modern Politics, Society, and Economic Development
    Historical Legacies of Communism : Modern Politics, Society, and Economic Development

    Libman and Obydenkova reveal how legacies of the Communist Party of the Soviet Union (CPSU) have survived in the politics, economic development, culture, and society of post-Communist regions in the 21st Century.The authors show how this impact is not driven by Communist ideology but by the clientelistic practices, opportunism and cynicism prevalent in the CPSU.Their study is built on a novel dataset of the CPSU membership rates in Russian regions in the 1950s-1980s, alongside case studies, interviews and an analysis of mass media previously only available in Russian and discussed here in English for the first time.It will appeal to students and scholars of Russian and Eastern European politics and history, and anyone who wants to better understand countries which live or have lived through Communism: from Eastern Europe to China and East Asian Communist states.

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  • Economic Crisis and Economic Thought : Alternative Theoretical Perspectives on the Economic Crisis
    Economic Crisis and Economic Thought : Alternative Theoretical Perspectives on the Economic Crisis

    The ongoing economic crisis has revealed fundamental problems both in our economic system and the discipline which analyses it.This book presents a series of contrasting but complementary approaches in economic theory in order to offer a critical toolkit for examining the modern capitalist economy.The global economic crisis may have changed the world in which we live, but not the fundamental tenets of the discipline.This book is a critical assessment of the relation between economic theory and economic crises: how intellectual thinking impacts on real economic events and vice versa.It aims at challenging the conventional way in which economics is taught in universities and later adopted by public officials in the policymaking process.The contributions, all written by distinguished academics and researchers, offer a heterodox perspective on economic thinking and analysis.Each chapter is inspired by alternative theoretical approaches which have been mostly side-lined from current academic teaching programmes.A major suggestion of the book is that the recent economic crisis can be better understood by recovering such theoretical analyses and turning them into a useful framework for economic policymaking.Economic Crisis and Economic Thought is intended as a companion to economics students at the Master’s and PhD level, in order for them to confront issues related to the labour market, the financial sector, macroeconomics, industrial economics, etc. with an alternative and complementary perspective. It challenges the way in which economic theory is currently taught and offered via alternatives for the future.

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  • Beyond Economic Migration : Social, Historical, and Political Factors in US Immigration
    Beyond Economic Migration : Social, Historical, and Political Factors in US Immigration

    Offers a critique of the economic model of immigrationMost understandings of migration to the US focus on two primary factors.Either there was trouble in the home country, such as political unrest or famine, that pushed people out, or there was a general yearning for “a better life” or “more opportunity,” often conceptualized as the American Dream.Although many contemporary migrants in the United States have been driven by economic interests, the processes of immigration and integration are shaped also by the intersection of a range of noneconomic factors in both sending and receiving countries.The contributors to Beyond Economic Migration offer a nuanced look at a range of issues affecting motives to migrate and outcomes of integration, including US immigration policy and the visa system, labor market incorporation, employment precarity, identity and belonging, and transnationalism relating to female migrants, student migrants, and temporary foreign workers.Beyond Economic Migration argues that, for the dream of fair and equitable migration to be realized, analyses of cross-border movements, resettlement, and integration must pay attention to how migrants’ individual attributes interact with institutional mechanisms and social processes.

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  • Economic Philosophy
    Economic Philosophy

    Joan Robinson (1903-1983) was one of the greatest economists of the twentieth century and a fearless critic of free-market capitalism.A major figure in the controversial ‘Cambridge School’ of economics in the post-war period, she made fundamental contributions to the economics of international trade and development.In Economic Philosophy Robinson looks behind the curtain of economics to reveal a constant battle between economics as a science and economics as ideology, which she argued was integral to economics.In her customary vivid and pellucid style, she criticizes early economists Adam Smith and David Ricardo, and neo-classical economists Alfred Marshall, Stanley Jevons and Leon Walras, over the question of value.She shows that what they respectively considered to be the generators of value - labour-time, marginal utility or preferences - are not scientific but ‘metaphysical’, and that it is frequently in ideology, not science, that we find the reason for the rejection of economic theories.She also weighs up the implications of the Keynesian revolution in economics, particularly whether Keynes’s theories are applicable to developing economies.Robinson concludes with a prophetic lesson that resonates in today’s turbulent and unequal economy: that the task of the economist is to combat the idea that the only values that count are those that can be measured in terms of money. This Routledge Classics edition includes a new foreword by Sheila Dow.

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  • How can sustainable economic activity be reconciled with simultaneous economic growth?

    Sustainable economic activity can be reconciled with simultaneous economic growth by implementing policies and practices that prioritize environmental and social considerations alongside economic development. This can include investing in renewable energy, promoting sustainable agriculture, and implementing regulations to reduce pollution and waste. Additionally, businesses can adopt sustainable practices such as reducing energy consumption, minimizing waste, and promoting fair labor practices. By integrating sustainability into economic decision-making, it is possible to achieve economic growth while also preserving natural resources and promoting social well-being for future generations.

  • What are economic relationships?

    Economic relationships refer to the connections and interactions between individuals, businesses, and governments that involve the production, distribution, and consumption of goods and services. These relationships are based on the exchange of resources, such as money, labor, and capital, to create value and promote economic growth. Economic relationships can take various forms, including trade agreements, investment partnerships, and consumer-producer transactions, and play a crucial role in shaping the global economy.

  • What is economic housework?

    Economic housework refers to the unpaid labor that individuals, typically women, perform within the household to maintain and care for the home and family. This includes tasks such as cooking, cleaning, childcare, and managing household finances. Despite being essential for the functioning of a household and the well-being of its members, economic housework is often undervalued and goes unrecognized in traditional economic models. This can contribute to gender inequalities in terms of income, career opportunities, and overall well-being.

  • What is economic sustainability?

    Economic sustainability refers to the ability of an economy to support current and future generations by balancing economic growth with social and environmental responsibility. It involves ensuring that resources are used efficiently and equitably to meet the needs of the present without compromising the ability of future generations to meet their own needs. This includes promoting long-term economic development, reducing inequality, and minimizing negative impacts on the environment. Overall, economic sustainability aims to create a stable and resilient economy that can thrive over the long term.

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