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Economics of Conflict and Terrorism
This book contributes to the literature on conflict and terrorism through a selection of articles that deal with theoretical, methodological and empirical issues related to the topic. The papers study important problems, are original in their approach and innovative in the techniques used. This will be useful for researchers in the fields of game theory, economics and political sciences.
Economic Growth, Inequality and Migration
Levy (economics, U. of Wollongong, Australia) and Faria (social sciences, U. of Texas, US) present 18 case studies exploring the interlinkages between economic growth, inequality, and migration. Each of the studies is concerned with at least two of the three phenomena, and the papers are grouped according to which of the three they most concentrate on. Studies address the relation between government policies and income distribution; issues of unemployment, assimilation, expected returns, and risks as they relate to migration; and the impact of trade on growth. Case studies explore issues on both regional and national bases. Annotation copyrighted by Book News, Inc., Portland, OR
Emotions, Happiness and Growth
This paper adapts the Ethics of Spinoza into the Ramsey growth model and shows that the way people conceive and understand life, related to emotions of joy and sorrow, affects economic performance. The model has multiple equilibria: The Spinoza solution -- optimism -- leads to greater capital accumulation, income and consumption levels, while William James's solution -- pessimism -- leads to a worse economic performance. The Ramsey model, where emotions balance, lies in between these two solutions, showing that the neoclassical growth model can be seen as a particular case of the Spinoza model. Finally, regarding the relationship between emotions and economics, in the Spinoza and William James solutions emotions and happiness are determined independently from economic variables. Only in the Ramsey case are emotions explained by income and consumption.
Economics of Conflict and Terrorism
This book contributes to the literature on conflict and terrorism through a selection of articles that deal with theoretical, methodological and empirical issues related to the topic. The papers study important problems, are original in their approach and innovative in the techniques used. This will be useful for researchers in the fields of game theory, economics and political sciences.
