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Author : Omar Azfar,Charles Cadwell
Publisher : University of Michigan Press
Page : 372 pages
File Size : 42,7 Mb
Release : 2003
Category : Business & Economics
ISBN : 0472068172
Shows how governments and markets are complementary rather than opposing forces
Author : Mancur Olson
Publisher : Basic Books
Page : 272 pages
File Size : 47,8 Mb
Release : 2000-11-20
Category : Business & Economics
ISBN : 0465051960
Why do some economies do better than others? How does society encourage the kind of market economy that generates continually increasing incomes? How do particular styles of government affect economic performance? World-renowned economist Mancur Olson tackles these questions and others in what will surely be regarded as his magnum opus. Olson contends that governments can play an essential role in the development of markets. Reliable enforcement of private contracts and protection of individual rights to property depend on governments strong enough not to undermine them. His exploration of "market-augmenting governments" will stand as a cutting-edge work on economic growth and provide a useful framework in which to consider the Asian financial crisis and its aftermath. As Susan Lee noted in Forbes, "his pioneering insights might have won a Nobel Prize for Olson had he lived a bit longer."
Author : Jac C. Heckelman,Dennis Coates
Publisher : Springer Science & Business Media
Page : 297 pages
File Size : 40,8 Mb
Release : 2013-06-29
Category : Social Science
ISBN : 9783540247111
A comprehensive insight into Mancur Olson's work as well as extensions and applications of his work. Chapters cover three main areas: Collective Action, Institutional Sclerosis and Market-Augmenting Government. Some chapters directly assess Olson`s contributions, focusing on distinguishing what was original in his works from what was already in the literature, and assess his impact on the fields of public economics and economic history. Other chapters present new tests and frequently extend his work. Each of the chapters is a new piece of scholarship inspired by and intended to honor Mancur Olson, and extend his influence to another generation of Collective Choice scholars and researchers.
Author : Mancur Olson
Publisher : Basic Books (AZ)
Page : 284 pages
File Size : 44,6 Mb
Release : 2000-01-19
Category : Business & Economics
ISBN : UOM:39015050031668
A world-renowned economist tackles tough questions and contends that governments can play an essential role in the development of markets. His exploration of "market-augmenting governments" provides a useful framework in which to consider the Asian financial crisis and its aftermath.
Author : Mancur Olson
Publisher : Yale University Press
Page : 296 pages
File Size : 53,5 Mb
Release : 2022-01-01
Category : Business & Economics
ISBN : 9780300254068
"A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.
Author : Saras D. Sarasvathy
Publisher : Edward Elgar Publishing
Page : 391 pages
File Size : 53,8 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781848440197
The concept of effectuation is as subtle as it is profound. On the one hand, it challenges long held beliefs about the nature of cause and effect in social science. On the other hand, it generates a host of new insights about social phenomena. This concept is particularly well suited to analyzing entrepreneurial behavior behaviors undertaken in settings where the relationship between cause and effect is understood, at best, very poorly. Jay B. Barney, The Ohio State University, US Things rarely turn out as we expected or intended. Neither rational choice between well-defined prospects nor commitment to a vision, which can be realised by will power or persuasion, offers a credible representation of much human activity even the activities of entrepreneurs. But although uncertainty (or unknowledge) is inescapable it may be productively managed. If we understand our present circumstances and some of its possibilities, build constructive relationships with others, and be ready to adjust both our objectives and the means of achieving them in order to take advantage of new contingencies, then we can at least participate in shaping our own future. By taking this perspective Saras Sarasvathy makes entrepreneurship a natural human activity, expressing the limitations and potential of human motivation and human intelligence. Brian J. Loasby, University of Stirling, UK In Effectuation Saras Sarasvathy presents a carefully researched and reasoned view of entrepreneurial behavior that both challenges and extends prevailing wisdom in the field. There is little doubt that these ideas will serve as an important foundation for anyone desirous of stimulating positive action in the world. With Effectuation we are equipped to provide a generation of students and managers with the methods to make and find opportunities that create value. . . everywhere. Leonard A. Schlesinger, President, Babson College, US To effectuate is to engage in a specific type of entrepreneurial action. It has special importance for situations where the future is truly unknowable or human agency is of primary importance. In Effectuation, Saras Sarasvathy explores the theory and techniques of non-predictive control for creating new firms, markets and economic opportunities. Using empirical and theoretical work done in collaboration with Nobel Laureate Herbert A. Simon, the author employs methods from cognitive science and behavioral economics to develop the notion of entrepreneurial expertise and effectuation. Supportive empirical evidence is provided by the author s study of 27 entrepreneurs as well as other independent studies. The book then traces the consequences of effectuation for business management, economics and social philosophy. The author finds that effectuators generate constraint-satisfying solutions rather than searching for optimal ones, make rather than find opportunities, and in a deep sense, convert as-if propositions into even-if ones. The way they accomplish this is the central discussion of the book. Students and scholars of entrepreneurship will find this path-breaking research of great value. The book s conclusions will also be of interest to those in the fields of behavioral and evolutionary economics, cognitive science and management.
Author : Ms.Yuanyan Sophia Zhang,Mr.Steven Barnett
Publisher : International Monetary Fund
Page : 29 pages
File Size : 55,6 Mb
Release : 2014-01-14
Category : Business & Economics
ISBN : 9781484350560
China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit and debt—augmented to include off-budget activity—that better illustrates the counter-cyclical role of fiscal policy. The results also show that the augmented fiscal deficit and debt are both considerably higher than the headline government data suggest. Nonetheless, at around 45 percent of GDP, the augmented debt is still at a manageable level.
Author : Paul de Grauwe
Publisher : Oxford University Press
Page : 182 pages
File Size : 49,9 Mb
Release : 2017
Category : Capitalism
ISBN : 9780198784289
The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?
Author : Peter Bernholz,Roland Vaubel
Publisher : Edward Elgar Publishing
Page : 225 pages
File Size : 46,7 Mb
Release : 2004-01-01
Category : Business & Economics
ISBN : 9781845423353
Do political decentralisation and inter-state competition favour innovation and growth? There has long been a lively debate surrounding this question, going back to David Hume and Immanuel Kant. This book is a new attempt to test its veracity. The existin
Author : Jon Bakija,Lane Kenworthy,Peter Lindert,Jeff Madrick
Publisher : Univ of California Press
Page : 224 pages
File Size : 41,5 Mb
Release : 2016-06-21
Category : Political Science
ISBN : 9780520962811
The size of government is arguably the most controversial discussion in United States politics, and this issue won't fade from prominence any time soon. There must surely be a tipping point beyond which more government taxing and spending harms the economy, but where is that point? In this accessible book, best-selling authors Jeff Madrick, Jon Bakija, Lane Kenworthy, and Peter Lindert try to answer whether our government can grow any larger and examine how we can optimize growth and fair distribution.
Author : Ramesh Chandra Das
Publisher : Routledge Chapman & Hall
Page : 0 pages
File Size : 51,8 Mb
Release : 2023-09-25
Category : Electronic
ISBN : 1032048387
This book critically examines the optimum range and duration of government interventions in the economic activities of a modern state based on theoretical and empirical frameworks, and assesses their role and extent in various economies. With a special focus on emerging economies across the globe, it discusses themes such as income growth; social sector development; good governance and economic progress; threshold limits; optimum budget policy and economic growth; sustainable distributional managements in public projects; food for work programs; agricultural infrastructure development; technological progress and economic growth; and distributional equities. The policy suggestions provided here offer helpful blueprints for developmental projects. Rich in data and figures, the book addresses sector-specific case studies like healthcare; irrigation and agriculture; infrastructure; taxation and economic growth; and public sector enterprises. It will be an excellent read for scholars and researchers of economics, Indian economics, macroeconomics, political economy, public policy, political science and management, development studies, development economy and governance. It will also be useful to policymakers, administrative officials, and government and corporate bodies.
Author : Roberto Moro-Visconti
Publisher : Springer Nature
Page : 780 pages
File Size : 41,7 Mb
Release : 2022-04-23
Category : Business & Economics
ISBN : 9783030971175
Standard corporate evaluation approaches are improved by trendy innovation, especially as it concerns technological scale up and environmental issues such as digital networking or ESG compliance. Whereas traditional firm appraisal follows institutional guidelines and best practices, frontier research still must define the boundaries of these trendy issues, linking a strong theoretical background to practical advances that still need fine-tuning. This book, written by an academic who is also a senior consultant, combines theoretical rigor with practical insights, providing an innovative framework for researchers, evaluators, managers, and practitioners.
Author : William A. Niskanen
Publisher : Cato Institute
Page : 379 pages
File Size : 42,6 Mb
Release : 2008-08-05
Category : Political Science
ISBN : 9781933995953
Reflections of a Political Economist collects some of the most incisive and important policy analysis and public choice articles by William A. Niskanen from the last fifteen years. His interests have ranged widely during this time, covering many different areas of public policy, always with an eye toward rigorous economic thinking, fiscal conservatism, and finding shrewd, practical solutions to important problems. In Part I readers will find a discussion of a wide array of policy topics, including taxation, health and retirement funding, terrorism and military preparedness, and corporate governance. These selections bring to the discussion both hard data and theoretical sophistication, making the case for modest, sensible regulations, limited government, and free enterprise. In Part II Niskanen turns to public choice, wherein he discusses economic models of various government types, voting, bureaucracy, and constitutional structure. Part III includes a selection of Niskanen’s book reviews, in which he considers the works of other notable economists, including Paul Krugman, Mancur Olson, James M. Buchanan, and Alan Greenspan. Finally, Part IV offers three more personal reflections, each to some degree removed from economics, but all reflecting Niskanen’s thoughtful, understated approach to important issues, wherever he finds them.
Author : Alain Marciano,Jean-Michel Josselin
Publisher : Edward Elgar Publishing
Page : 432 pages
File Size : 41,6 Mb
Release : 2005-01-01
Category : Political Science
ISBN : 1845426797
Law and the State provides a political economy analysis of the legal functioning of a democratic state, illustrating how it builds on informational and legal constraints. It explains, in an organised and thematic fashion, how competitive information enhances democracy while strategic information endangers it, and discusses how legal constraints stress the dilemma of independence versus discretion for judges as well as the elusive role of administrators and experts. Throughout the book, empirical evidence and comparative studies illuminate sometimes provocative theoretical views on issues such as: the place of the rule of law in constitutional and banking systems; regulation of copyright, art and heritage; innovations and technologies of communication and information; terrorism and media manipulation. Both private and public law, applied and theoretical issues are covered comprehensively. Academics and researchers of law and economics and public choice will find much to challenge and inform them within this book.
Author : Price V. Fishback
Publisher : University of Chicago Press
Page : 634 pages
File Size : 44,9 Mb
Release : 2008-09-15
Category : Business & Economics
ISBN : 9780226251295
The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story. America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.