"Professor Hommes' work is a major contribution to the understanding of intertemporal economic fluctuations. In a world in which production and investment behavior is motivated by expectations of the future, the way those expectations are formed becomes of the utmost importance. These expectations lead to dynamic systems, and the author draws on the rich literature developed for the study of mechanical and gravitational phenomena. These lead to the emergence of very complex behavior in markets driven by expectations, especially when different economic agents have different modes of forming expectations from data. The study of this book will have a profound impact on the theoretical and empirical analysis of securities markets and other forms of investment." -- Kenneth J. Arrow, Stanford University
In Dynamism, Rivalry, and the Surplus Economy, János Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus—a chronic excess of supply of goods and labor.
"Of all the potential tax reforms, taxing pollution and carbon dioxide emissions has the greatest promise. The analysis in Double Dividend provides a rigorous and thoughtful examination of the costs, benefits, and distributional impacts of green taxes. Any country contemplating tax reforms should begin with a study of the important conclusions in this volume."-- William Nordhaus, Yale University
“A terrific book. Brynjolfsson and McAfee combine their knowledge of rapidly evolving digital technologies and relevant economics to give us a colorful and accessible picture of dynamic forces that are shaping our lives, our work, and our economies. For those who want to learn to 'Race with the Machines,' their book is a great place to start.” — Michael Spence, winner of the 2001 Nobel Prize in Economic Sciences
“Economic geography is back at centre stage for policy-makers, researchers and investors, who need to understand the dynamics of sub-national diversity in this, the Asian century. This illuminating volume, by an accomplished team of authors, is a compelling read and an important contribution to the literature on the subject.”-- Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, The Australian National University
"A major contribution to our understanding of banking, showing why nations need banks, why banks need the state, and how the quality of banking depends on how the 'Game of Bank Bargains' is played between politicians, bankers, and a penumbra of key protagonists."--Charles Goodhart, London School of Economics and Political Science
"As Eswar Prasad points out, there is something paradoxical about a world where the dollar strengthens with the U.S. financial crisis, capital flows from poor countries to rich ones, and more sophisticated finance often leads to greater risk. Prasad's book unpacks these paradoxes in a provocative and challenging way. It deserves the attention of all those who care about the future of the dollar and the international monetary system."--Lawrence H. Summers, Harvard University
The seven editors together have organised and coordinated the three and a half year Growing Inequalities' Impacts GINI project, which has generated the results reported in this volume. They are an international team drawn from different disciplines and with important and complementary expertise in the fields covered by the book.
The book looks at key aspects needed to lead Europe out of its crisis seizing its growth potential and creating new jobs. The analytical work by IMF staff identifies key challenges to boosting growth and employment over the medium-term and describes a roadmap for policymakers for tackling them.