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Can you name the creator of the Territorial Army and the British Expeditionary Force? The man who laid the foundation stones of MI5, MI6, the RAF, the LSE, Imperial College, the 'redbrick' universities and the Medical Research Council? This book reveals that great figure: Richard Burdon Haldane. As a philosopher-statesman, his groundbreaking proposals on defence, education and government structure were astonishingly ahead of his time-the very building blocks of modern Britain. His networks ranged from Wilde to Einstein, Churchill to Carnegie, King to Kaiser; he pioneered cross-party, cross-sector cooperation. Yet in 1915 Haldane was ejected from the Liberal government, unjustly vilified as a German sympathiser. John Campbell charts these ups and downs, reveals Haldane's intensely personal side through previously unpublished private correspondence, and shows his enormous relevance in our search for just societies today. Amidst political and national instability, it is time to reinstate Haldane as Britain's outstanding example of true statesmanship.
Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future. It covers a range of continually important topics, including: the form payment systems might take in the future the risks associated with this evolution the techniques being deployed to assess these risks and the implications these risks have for the respective roles of the public and private sector. Produced in association with the Bank of England, this book is fascinating reading for practitioners and policy makers in the field of payment systems, as well as students and researchers engaged with the economics of payments and central banking policy.
Financial crises have dogged the international monetary system over recent years. They have impoverished millions of people around the world, especially within developing countries. And they have called into question the very process of globalization. Yet there remains no intellectual consensus on how best to avert such crises, much less resolve th
"The Paul Woolley Centre for the Study of Capital Market Dysfunctionality"--Back cover.
The gap between important real-word problems and the workhorse mathematical model-based economics being taught to students has become a chasm. This book examines what economists need to bring to their jobs, and the way in which economics education in universities could be improved to fit them better for the real world.
This Band of Brothers for the Pacific is the gut-wrenching and ultimately triumphant story of the Marines' most ferocious—yet largely forgotten—battle of World War II. Between September 15 and October 15, 1944, the First Marine Division suffered more than 6,500 casualties fighting on a hellish little coral island in the Pacific. Peleliu was the setting for one of the most savage struggles of modern times, a true killing ground that has been all but forgotten—until now. Drawing on interviews with Peleliu veterans, Bill Sloan's gripping narrative seamlessly weaves together the experiences of the men who were there, producing a vivid and unflinching tableau of the twenty-four-hour-a-day nightmare of Peleliu. Emotionally moving and gripping in its depictions of combat, Brotherhood of Heroes rescues the Corps's bloodiest battle from obscurity and does honor to the Marines who fought it.
Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and ac...
This book shows how the foundational economy - public services, infrastructure, education and health care - was built up between 1880 and 1980 so that they were collectively paid for, collectively delivered and collectively consumed. This system of provision has been undermined in the age of privatisation and outsourcing.
Discover current uses and future development of stress tests, the most innovative regulatory tool to prevent and fight financial crises.
This book argues that the neoclassial synthesis is insufficiently attentative to the impact of the stock market on the economy. Smithers proposes an alternative model, which takes into account the differing preferences of business managers and owners of capital.