Suchergebnisse

Cover -- Series -- In the National Interest -- Title Page -- Copyright -- Fortune's Fool: Australia's Choices -- The Forever Virus: The COVID-19 Shock -- Armchair Epidemiology -- Man the Money-Printing Press -- Vaccine Hopes -- The Forever Virus? -- Mapping Minefields: Post-Pandemic Dynamics -- Fault Lines -- Damage Report -- Crises (Plural) -- A New Playing Field -- Houses and Holes: The Australian Economy -- Model Engines -- Boom-ier Booms -- Property Ladders -- Australian Miscellany -- Falling into Holes -- Other Vulnerabilities -- Safe as Houses -- Remake, Remodel -- Straddling a Barbed-Wire Fence: Australia's Relationship with Asia -- Tension Headaches -- BIG! -- Sino Spat -- Hobbesian Choices -- Great Power Politics -- Bloc Parties -- Carpetbaggers -- Ideological Necrophilia: Australia's Policy Puzzles -- Lazy Policy -- Economic Fetishes -- Money for All -- Overdue Weeding -- Grand Designs -- Inescapable Realities -- Nothing to See Here: Australia's Political and Civic Disengagement -- An Irrelevant Election -- The Economy, Stupid! -- New Politics -- Media-Political Complex -- Democratic Suicide -- Ghosts of Federation -- Beyond the Seas -- Keep the Change! -- What Is to Be Done? -- Further Reading -- Acknowledgements -- About this Book -- About the Author -- In the National Interest -- Other books on the issues that matter.

Cover -- Title Page -- Copyright Page -- Dedication Page -- CONTENTS -- PROLOGUE: Reality Bites -- 1. GREAT EXPECTATIONS: Postwar Booms and Busts -- 2. BORROWED TIMES: Causes of the Global Financial Crisis and the Great Recession -- 3. ESCAPE VELOCITY: The Power and Impotence of Economic Policies -- 4. THE END OF GROWTH: The Factors Driving Secular Stagnation and the New Mediocre -- 5. RUNNING ON EMPTY: The Resource and Environmental Constraints on Growth -- 6. CIRCLING THE WAGONS: Globalization in Reverse -- 7. BRIC(S) TO BIITS: The Rise and Fall of Emerging Markets -- 8. ECONOMIC APARTHEID: The Impact of Rising Inequality on Growth -- 9. THE END OF TRUST: How a Democracy Deficit Harms Economic Activity -- 10. COLLATERAL DAMAGE: The Fallout for Ordinary Lives -- EPILOGUE: Final Orders -- NOTES -- ACKNOWLEDGMENTS -- SELECTED FURTHER READING -- INDEX -- ABOUT THE AUTHOR.

This is a study of the different architectures of decentralization using empirical evidence from the forestry and water sector of Uttarakhand. It examines the political economy of how institutional designs for environmental governance are created and the important role of politics in shaping institutions and their outcomes

We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell their ideas to existing firms only at a price that is not contingent on their information. We show that the option to spin off in the future is valuable so only workers with very good ideas decide to spin off and set up a new firm. Since entrepreneurs of existing firms pay a price for the ideas sold in the market that implies zero expected profits for them, firms' project selection is independent of their size, which, under some assumptions, leads to scale-independent growth. The entry and growth process of firms in this economy leads to an invariant distribution that resembles the one in the US economy.