#Economics_mags and #Business_mags
Investment Management: A Science to Teach or an Art to Learn? by Frank J. Fabozzi, Sergio M. Focardi, Caroline Jonas
Australian Political Economy of Violence and Non-Violence
Chinese Banking Reform: From the Pre-WTO Period to the Financial Crisis and Beyond By Chunxia Jiang
Social Welfare Functions and Development: Measurement and Policy Applications by Nanak Kakwani
The Economic Theory of Costs: Foundations and New Directions (Routledge Frontiers of Political Economy) by Matthew McCaffrey
?Investment Management: A Science to Teach or an Art to Learn? by Frank J. Fabozzi, Sergio M. Focardi, Caroline Jonas
2014 | ISBN: 1934667730 | English | 126 pages | EPUB | 0.3 MB
Following the 2007–09 financial crisis, mainstream finance theory was criticized for failing to forecast the market crash, which resulted in large losses for investors. Has our finance theory, which many consider an idealization that does not take reality into account, failed investors? Do we need to reconsider the theory and how it is taught (and practiced)? This book explores current critiques of mainstream theory and discusses implications for the curricula of finance programs as well as for practitioners. In so doing, the authors integrate a review of the literature supported by conversations with finance professors, asset managers, and other market players.
?Australian Political Economy of Violence and Non-Violence
English | 2016 | ISBN: 1137602139 | 114 Pages | PDF | 4.8 MB
This book is the first to establish the nature and causes of violence as key features in the political economy of Australia as an advanced capitalist society. Australia’s neoliberal corporate security state in seen to represent the emergence of a post-democratic order, whereby minds and bodies are disciplined to the dominant ideology of market relations. Locating questions of the democracy and of the country’s economy at the heart of Australia’s political struggle, the author elaborates how violence in Australia is built into a hegemonic order, characterized by the concentration of private power and wealth. Identifying the commodification of people and nature, the construction and manipulation of antagonisms and enemies, and the politics of fear as features of a new authoritarianism and one-party-political state, Erik Paul explores alternatives to the existing neoliberal hegemonic order. Positing that democratization requires a clearly defined counter-culture, based on the political economy of social, economic and political equality, the book draws out the potential in non-violent progressive social movements for a new political economy.
?Chinese Banking Reform: From the Pre-WTO Period to the Financial Crisis and Beyond By Chunxia Jiang
English | PDF,EPUB | 2017 | 340 Pages | ISBN : 3319639242 | 6.26 MB
This book is a wide-ranging and timely overview of the contemporary Chinese banking system. It charts the vast changes in Chinese banking from before China’s admission to the WTO in 2001 to more recent regulatory reform and developments in the shadow banking sector.
The book begins with an economic history of the mono-banking system, and a critical discussion of reforms taken by the government in preparation for China’s entry to the WTO. The second part of the book discusses banking regulation and government policy during and after the global financial crisis in 2008-2009 and their impact on banking, including recent developments. Finally, the book concludes an empirical analysis of the impact of banking reforms on a number of important issues, including bank efficiency, capital structure, competition and financial stability, and risk taking behaviour, and a review of the relevance of shadow banking and internet banking.
?Social Welfare Functions and Development: Measurement and Policy Applications by Nanak Kakwani
English | 19 July 2016 | ISBN: 113758324X | 388 Pages | EPUB | 1.96 MB
Nanak Kakwani and Hyun Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question.
This study develops indicators that are sensitive to both the level and the distribution of individuals’ capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space.
Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affecting the capacities of people to enjoy a better life.
?The Economic Theory of Costs: Foundations and New Directions (Routledge Frontiers of Political Economy) by Matthew McCaffrey
2017 | ISBN: 1138670936 | English | 284 pages | PDF | 3 MB
The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make choices, why we trade, and how we build institutions and social orders are all problems that can be explained in light of the costs we face.
This volume explores, develops, and critiques the rich literature on costs, examining some of the many ways cost remains relevant in economic theory and practice. The book especially studies costs from the perspective of the Austrian or “causal-realist” approach to economics. The chapters integrate the history of economic thought with contemporary research, finding valuable crossroads between numerous traditions in economics. They examine the role of costs in theories of choice and opportunity costs; demand and income effects; production and distribution; risk and interest rates; uncertainty and production; monopsony; Post-Keynesianism; transaction costs; socialism and management; and social entrepreneurship.
Together, these papers represent an update and restatement of a central element in the economic way of thinking. Each chapter reveals how the Austrian, causalrealist approach to costs can be used to solve an important problem or debate in economics. These chapters are not only useful for students learning these concepts for the first time: they are also valuable for researchers seeking to understand the unique Austrian perspective and those who want to apply it to new problems.