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Lucky Boy in the Lucky Country
Corden has written a charming and insightful account of his professional and personal life, from his childhood in Breslau, Germany, until his retirement in Melbourne. The book is divided into two parts. Part I considers Corden's early life, from a young boy growing up in Nazi Germany, to his immigration from England to Australia and what that means for the author's self-identity. Part II addresses Corden's work on the Australian Protection Policy for which he is perhaps best known, before reflecting upon the author's time at Oxford University and the Australian National University, and, finally, moving on to review contributions made at the IMF, Johns Hopkins University, and The World Bank. This book will be of interest to all aspiring economists, as well as established economists familiar with Corden's work. It is an inspiring and profound record of the intellectual journey made by one of Australia's best known economists.
Too Sensational
Most of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational, W. Max Corden presents a systematic and accessible overview of the choice of exchange rate regimes. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy. Building on the theory of optimum currency areas, Corden develops an analytic framework of three approaches (nominal anchor, real targets, and...
Economic Policy, Exchange Rates, and the International System
In an outstanding account of exchange rates inthe international monetary system, W. Max Corden considers the essential issues in international macroeconomics.The author takes as his model the macroeconomic situation of a country with an open economy, and explains the effects of domestic fiscal and monetary macroeconomic policy on exchange rates. He clearly analyses the choices faced by governments attempting to manage both the domestic inflation rateand the external exchange rate and current account balance. Professor Corden then discusses the European Exchange Rate mechanism, and provides a sceptical analysis of the possibilities for monetary union in Europe, and for international policy co...
The Vortex
Environmental challenges are defining the twenty-first century. To fully understand ongoing debates about our current crises—climate change, loss of biological diversity, pollution, extinction, resource woes—means revisiting their origins, in all their complexity. With this ambitious, highly original contribution to the environmental history of global modernity, Frank Uekötter considers the many ways humans have had an impact on their physical environment throughout history. Ours is not a one-way trajectory to sudden collapse, he argues, but rather death by a thousand cuts. The many paths we’ve forged to arrive in our current predicament, from agriculture to industry to infrastructure...
Trade Policy and Economic Welfare
The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, strategic trade policy, and tradepolicy and the exchange rate. Corden also analyzes in detail the many arguments for protection.
International Trade Theory and Policy
Max Corden has become established as one of the world's leading authorities on international trade theory. This text provides a selection of some of his most important work including, empirical work on protection and a review of the normative theory of international trade.
Are Markets Moral?
Despite the remarkable achievements of free markets—their rapid spread around the world and success at generating economic growth—they tend to elicit anxiety. Creative destruction and destabilizing change provoke feelings of powerlessness in the face of circumstances that portend inevitable catastrophe. Thus, from the beginning, capitalism has been particularly stimulative for the growth of critics and doomsayers. While early analysts such as Karl Marx primarily emphasized an impending economic disaster, in recent years the economic critique of capitalism has receded in favor of moral and environmental concerns. At the heart of this collection of original essays lies the question: does m...
Charting the Economy
Charting the Economy assesses the course of Malayas commodity-dependent economy during the first 40 years of the 20th century under British colonial control, contrasting it with economic growth and development in contemporary Malaysia. Drawing on archival documents to derive estimates of Malayas GDP and analysing trends, it breaks new ground in understanding the dynamics of economic performance. In the first half of the 20th century, the Malay Peninsula, like much of Southeast Asia, was under colonial rule. Colonialism facilitated the control of lands, institutions and peoples, as well as the exploitation of natural resources. Malayas economy was largely agrarian, supported by two primary co...
Age of Entanglement
Age of Entanglement explores the patterns of connection linking German and Indian intellectuals from the nineteenth century to the years after the Second World War. Kris Manjapra traces the intersecting ideas and careers of philologists, physicists, poets, economists, and others who shared ideas, formed networks, and studied one another's worlds. Moving beyond well-rehearsed critiques of colonialism, this study recasts modern intellectual history in terms of the knotted intellectual itineraries of seeming strangers. Collaborations in the sciences, arts, and humanities produced extraordinary meetings of German and Indian minds. Meghnad Saha met Albert Einstein, Stella Kramrisch brought the Ba...
