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12 Nobel Laureates take readers on a tour of some of the everyday issues that can be explored using basic economic principles. Topics include how economic tools can be used to rebuild nations in the aftermath of a war; financing retirement as longevity increases and what governments should really be doing to boost the economy, Alfred Marshall, the founder of modern economics, once described economics as 'the study of mankind in the ordinary business of earning a living'. In Economics for the Curious, 12 Nobel Laureates show that 'the ordinary business of earning a living' covers a wide range of activities, as they take readers on an engaging tour of some of the everyday issues that can be explored using basic economic principles. Written in the plainest possible language, Nobel Laureates including Paul Krugman, Eric Maskin, Finn E. Kydland and Vernon Smith confront some of the key issues challenging society today - challenges that claim attention in any phase of the business cycle. The range of topics includes how economic tools can be used to rebuild nations in the aftermath of a war; financing retirement as longevity increases; the sustainable use of natural resources and what governments should really be doing to boost the economy. Economics for the Curious is an accessible but informative display of the kinds of questions economics can illuminate. It will appeal to anyone who has an interest in economics and the world around them, and we hope it will encourage further interest and study in the topic from readers everywhere

BOOK I: PRELIMINARY SURVEY 1. Introduction 2. The Substance of Economics 3. Economic Generalizations or Laws 4. The Order and Aims of Economic Studies BOOK II: SOME FUNDAMENTAL NOTIONS 1. Introductory 2. Wealth 3. Production, Consumption, Labour, Necessaries 4. Income. Capital. BOOK III: ON WANTS AND THEIR SATISFACTION 1. Introductory 2. Wants in Relation to Activities 3. Gradations of consumers' demand 4. The elasticity of wants 5. Choice between different uses of the same thing. Immediate and deferred uses. 6. Value and utility BOOK IV: THE AGENTS OF PRODUCTION. LAND, LABOUR, CAPITAL AND ORGANIZATION T 1. Introductory 2. The Fertility of Land 3. The Fertility of Land, continued. The Tendency to Diminishing Return. 4. The Growth of Population 5. The Health and Strength of the Population 6. Industrial Training. 7. The Growth of Wealth 8. Industrial Organization 9. Industrial Organization, continued. Division of Labour. The Influence of Machinery 10. Industrial Organization, continued. The Concentration of the Specialized Industries in Particular Localities. 11. Industrial Organization, continued. Production on a Large Scale 12. Industrial Organization, continued. Business Management. 13. Conclusion. Correlation of the Tendencies to Increasing and to Diminishing Return BOOK V: GENERAL RELATIONS OF DEMAND, SUPPLY, AND VALUE 1. Introductory. On Markets. 2. Temporary Equilibrium of Demand and Supply 3. Equilibrium of Normal Demand and Supply 4. The Investment and Distribution of Resources 5. Equilibrium of Normal Demand and Supply, continued, with reference to long and short periods 6. Joint and Composite Demand. Joint and Composite Supply 7. Prime and total cost in relation to joint products. Cost of marketing. Insurance against risk. Cost of Reproduction. 8. Marginal costs in relation to values. General Principles. 9. Marginal costs in relation to values. General Principles, continued 10. Marginal costs in relation to agricultural va

Preface: Voice of the Voiceless Fed Up With Television Talking Heads? Listen to Voices in the Street Introduction: The Washington Consensus is Dead! We Need a New Consensus PART I: FUSION ECONOMICS Burying Ideology, Dumping Theory, Adopting Pragmatism and Local Wisdom from the Street (or Jungle) 1. Re-Engineering China Ending Ideology and Getting Pragmatic 2. Voodoo Economics Oust Outside Theory and Adopt Local Solutions 3. Red Guards with Credit Cards Merge Planning and Market the Fusion Way PART II: PRAGMATIC IDEALISM Compassionate Capital, Stakeholder Value and Social Enterprise 4. The Tao of Shangri-la Learning Social Enterprise from Nomads and Monks 5. The Positive Energy Bank Advanced Economics Taught by Tibetan Lamas and Bodhisattvas 6. Creating Shambhala Building a Social Enterprise On Top of the World PART III: DIVERSIFIED LOCALIZATION Empowering People Brings Sustainable Security 7. The Disempowerment Factor Stop Terrorism at Its Root 8. Himalayan Consensus Happiness, Micro-Finance and Community Development 9. African Consensus Community Empowerment to Prevent Violence PART IV: The New Earth Consensus Community Consciousness and Planetary Survival 10. Occupy Your Mind The Peaceful Revolution Comes to America 11. Re-Pioneering America Revitalizing Communities and the Green Economic Grid 12. The World is Not Flat Back to Basics, Local Diversity, and Community Capital Regeneration 13. From Russia with Fusion Economics Rise of BRICS, a New Settlement Currency and Development Bank 14. We Want a Future Community, Renewability, and Survival of the Adaptable 15. Environmental Economics Cutting Semantics, Creating Real Green Growth For Survival Conclusion The Post Occupy World: Imagine an Economy Without Greed

Introduction Revolutionary Consolidation and the Emergence of the BFS The Great Debate Education, Training and Salaries Administrative Control, Supervision and Investment Collectivising Production and Workers' Participation Science and Technology Consciousness and Psychology Critique of the Soviet Manual of Political Economy Che Guevara's Legacy in Cuba

The book chronicles the Occupation Loan that was forcibly obtained by the Third Reich from the Greece in 1942-1944 and demonstrates why Greece's claim for the repayment of the loan is still valid. To overcome the absence of a normal debt agreement between the two countries, various assessments of its current value are presented and discussed, With tensions rising over Greece's current debt crisis, this study chronicles the Occupation Loan that was forcibly obtained by the Third Reich from Greece in 1942-44. It demonstrates why Greece's claim for the repayment of the loan is still valid and endeavours to estimate its present value. To overcome the absence of a normal debt agreement between the two countries, various assessments of its current value are presented and discussed. A proposal is outlined on how the German obligation can be settled within the bailout agreement that Greece has signed to face the current debt crisis. Resolving a longstanding issue and bringing justice to the sacrifices that Greece made during WW2, the settlement will also help to mitigate the hostile stereotyping that is presently developing between the two countries. This text provides a close study of Greece's economic history and present crisis. It will make essential reading for scholars and students of economic history and those interested in the European economic crisis

This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.

PART I: SRAFFA'S CONTRIBUTION AND CONTEMPORARY STREAMS IN ECONOMIC ANALYSIS 1. Sraffa's System in Relation to Some Main Currents in Unorthodox Economics-- Tony Aspromourgos 2. Sraffians, Other Post-Keynesians, and the Controversy Over Centres of Gravitation-- Marc Lavoie 3. Piero Sraffa and Shackle's Years of High Theory - Sraffa's Significance in the History of Economic Theories-- Heinrich Bortis 4. Sraffa's and Wittgenstein's Reciprocal Influences: Forms of life' and Snapshots-- Richard Arena 5. Sraffa, Sen and Non-causal Representations in Social Analysis-- Andrea Ginzburg 6. Disequilibrium and Reproduction Prices: Some Extensions of Sraffa's Model-- Carlo Benetti, Christian Bidard and Edith Klimovsky PART II: THE EVOLUTION OF SRAFFA'S IDEAS AND THE MANUSCRIPTS 7. Piero Sraffa and the Future of Economics - A Personal Evaluation-- Luigi Pasinetti 8. Sraffa's Lectures on Continental Banking-- Marcello de Cecco 9. The Construction of Long-Run Market Supply Curves: Some Notes on Sraffa's Critique of Partial Equilibrium-- Giuseppe Freni and Neri Salvadori 10. A Pictorial Approach to the Standard Commodity with a Digression-- Giorgio Gilibert 11. On Sraffa's Corrected Organic Composition of Capital-- Scott Carter PART III: SRAFFA'S LEGACY AND THE INTERPRETATION OF RICARDO 12. Rent, as a Share of Produce, Not Governed by Proportions-- Christian Gehrke 13. Ricardo's Writings in Russia: Influence and Interpretations-- Gennady Borgomazov and Denis Melnik

The purpose of this book is to fill the lack of micro evidences on a structural change of African producers. By collecting studies on single industries, we attempt to demonstrate firms' and farmers' responses to the recent economic trend such as growth of demand, emergence of FDI and improvement in infrastructure, The economic situation in Sub-Saharan Africa has recently undergone a process of change. After a long period of stagnation during the 1980s and 1990s, GDP per capita has shown significant growth in the 2000s. Although the growth rate is lower than that of East Asia, it is significantly higher than that in previous decades. The most significant factor yielding the better economic performance is the increase in commodity prices including oil, mineral and agricultural products, which are the main export products for most African countries. Another factor has been the scaling up of aid flows following the commencement of the Millennium Development Goals. The enhanced commitment of the donor community increased aid flow to Africa, which in turn increased GDP through consumption of locally sourced products and services, such as with the construction industry. This book aims to fill the lack of micro evidences on a structural change of African producers. By collecting studies on single industries, the authors attempt to demonstrate firms' and farmers' responses to the recent economic trend such as growth of demand, emergence of FDI and improvement in infrastructure. Since the economic trend differs by industry, its impacts on producers can be observed more clearly by focusing on a single industry. Based on case studies, this book covers four industries in five countries that experienced significant external changes; namely, horticulture in Ghana, construction in Burkina Faso, textiles in Madagascar, agriculture in Uganda, and wood processing in Tanzania. All studies are based on original data collected through the authors' field work

PART I Introduction-- Yasutami Shimomura and Hideo Ohashi PART II: BASIC FACTS OF A RISING DONOR 1. The Foreign Aid Philosophy of a Rising (Asian) Economic Power: A Southeast Asian View-- Dennis .D. Trinidad 2. Aid Volume in a Historical Perspective-- Takaaki Kobayashi and Yasutami Shimomura 3. Implementation System: Tools and Institutions-- Shino Watanabe 4. Linkage between Aid and Non-Aid Activities: A Distinguishing Feature of China's Engagement-- Hideo Ohashi 5. Case study: 'the Angola Model'-- Juichi Inada PART III: EMPHASIS ON 'AID, INVESTMENT, TRADE SYNTHESIS': THE EVOLUTION OF AN ASIAN AID MODEL? 6. The Chinese Views: Reflection of the Long-Term Experiences of Aid Receiving and Giving-- Wang Ping 7. The Japanese Views: With Particular Reference to the Shared Cognition Model in Asia-- Yasutami Shimomura PART IV: IMPACTS OF CHINA'S FOREIGN AID 8. Impacts on Asia-- Naohiro Kitano 9. China's Foreign Aid and the International Aid Community: From the Perspectives of Traditional Donors and Africa-- Izumi Ohno PART V 10. Future Prospects of China's Foreign Aid-- Yasutami Shimomura and Hideo Ohashi

By examining a sector of the economy that was exposed to increased imports more than four decades ago, Crumley illuminates the economic pressures, resistance, and reform that help to shape Russia's agrarian sector today, Opening a closed economy to trade can lead to greater trade and the emergence of a market economy. Sowing Market Reforms examines the assumptions of liberal economic theory and assesses the impact that increased trade has had on the Russian agrarian sector. Crumley argues that Russian agricultural producers are not simply homo economicus responding to price signals, but rather they are economic actors influenced by institutional, financial, and legal obstacles as well as political culture. By examining a sector of the economy that was exposed to increased imports more than four decades ago, Crumley illuminates the economic pressures, resistance, and reform that help to shape Russia's agrarian sector today

Contents Introduction 1. Missing Links in Understanding the Korean Developmental Model PART I: THE CULTURAL DIMENSION: CONFUCIAN TRADITION 2. Confucian Ethics and the Spirit of Capitalism in Korea: The Significance of Filial Piety PART II: THE SOCIAL DIMENSION: AFFECTIVE NETWORKS 3. Affective Networks, Social Capital, and Modernity in Korea 4. Historical Development of Affective Networks in Korea: The Non-governmental Sector and Confucian Tradition PART III: THE POLITICAL DIMENSION: STATE-SOCIETY RELATIONS 5. Confucian Capitalism of Park Chung Hee: Possibilities and Limits 6. Generalized Reciprocity between Strong State and Strong Society: Park Chung Hee and the Korean Developmental Path 7. Did the 1997 Financial Crisis Transform the S. Korean Developmental State? Focused on the Public Fund Conclusion 8. Moral Economy References in English Language References in Korean Language Index

The post 2000 period for India has been quite eventful for Indian economy. The Book examines the implications of growth for inequality and some of the major drivers of growth like infrastructure, health and credit. The book discusses the key challenges as well the game changer initiatives that will shape India's growth in the medium term, Revisiting Regional Growth Dynamics in India in the Post Economic Reforms Period analyses the state level performance in three sub periods 2000-03, 2004-08 and 2009-12 by broadly corresponding to low growth, high growth and the post crisis phase respectively. The book discusses the game changer initiatives that put India into a higher and sustainable growth trajectory. The author highlights the key challenges to inclusive growth in a federal set up and suggests the way ahead. Apart from growth, the book examines the issue of regional inequality. It develops a consistent index for infrastructure facilities, by encompassing the social and economic dimension for Indian states and analyses the growth. The book analyses the importance of credit and health from a growth perspective by adopting a blend of analytical rigour and econometric techniques to understand India's growth process. This book is a sequel to Regional Growth Dynamics in India in the Post Economic Reform period (Palgrave Macmillan, 2007)