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Iceland’s Financial Crisis
Being the first casualty of the international financial crisis, Iceland was, in many ways, turned into a laboratory when it came to responding to one of the largest corporate failures on record. This edited volume offers the most wide-ranging treatment of the Icelandic financial crisis and its political, economic, social, and constitutional consequences. Interdisciplinary, with contributions from historians, economists, sociologists, legal scholars, political scientists and philosophers, it also compares and contrasts the Icelandic experience with other national and global crises. It examines the economic magnitude of the crisis, the social and political responses, and the unique transitiona...
Rethinking Expectations
This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark "Phelps volume," Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic analysis. However, in their provocative introductory essay, Roman Frydman and Edmund Phelps argue that the vast majority of macroeconomic and finance models developed over the last four decades derailed, rather than built on, the Phelps volume's "microfoundations" approach. Whereas the contributors to the 1970 volume recognized the fundamental importance of according market participants' expectations an autonom...
Enterprise and Inclusion in Italy
In Enterprise and Inclusion in Italy, Edmund Phelps weaves together and applies to Italy his two principal interests of the past decade -the imperative of restoring initiative, enterprise and dynamism in a great many industrialized economies, most acutely needed in the eastern European economies amid the wreckage of their experiments with market socialism and communism, and the imperative of extending self-support and involvement in the business sector to the large number of marginalized workers, where his focus was on the high rates of dependency, idleness and crime among less educated in the United States.
Monthly Labor Review
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
Russia as a Great Power
After a period of relative weakness and isolation during most of the 1990s, Russia is again appearing as a major security player in world politics. This book provides a comprehensive assessment of Russia's current security situation, addressing such questions as: What kind of player is Russia in the field of security? What is the essence of its security policy? What are the sources, capabilities and priorities of its security policy? What are the prospects for the future? One important conclusion to emerge is that, while Russian foreign policy under Putin has become more pragmatic and responsive to both problems and opportunities, the growing lack of checks and balances in domestic politics makes political integration with the West difficult and gives the president great freedom in applying Russia's growing power abroad.
Perspectives on the Performance of the Continental Economies
These chapters, written from widely varying perspectives demonstrates the shortcomings and strengths of some methods of econmoics as much as they do the shortcomings and strengths of some economies of Western continental Europe.
Inequality and Growth
Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine ...
Institutions, Development, and Economic Growth
Discussing how and why institutions influence growth, this volume provides an overview of the literature on the impact of institutions on growth. It considers theoretical and empirical relationships between institutions and growth.
Leading Contemporary Economists
This book describes the important contributions of several contemporary economic figures including recent Nobel Laureates. Describing their work and putting it into an historical perspective, these chapters explain how their work constitutes a major contribution to the discipline of economics and how it has broadened economic science. Co-Editor of
