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The Electronic Oracle
An in-depth analysis of the strengths and limitations of computer models in helping solve social, economic and political problems, using nine recent models as examples. Addressing the growing disillusionment with models among researchers and policymakers, the authors discuss what has been done and what still needs to be done to make modeling a more viable and realistic analytical tool.
Macroeconomic Policy as Implicit Industrial Policy: Its Industry and Enterprise Effects
Whether they should or not, few economists do in fact refrain from making pronouncements on public policy, although the state of the economy (both here and elsewhere) suggests that either the advice given is bad or, if good, that it is ignored . . . I happen to think that we are appallingly ignorant about many aspects of the working of the economic system -- the economics of the firm and industry. Ronald H Coase, Economists and Public Policy In this volume we attempt to address an element of Coase's concern by linking the empirical economics of the fInn and industry more closely to macroeconomic policies, and to demonstrate how to assess some of the effects of those policies. The scope of ou...
Criteria for Selecting Appropriate Technologies under Different Cultural, Technical and Social Conditions
Criteria for Selecting Appropriate Technologies under Different Cultural, Technical and Social Conditions covers the Proceedings of the IFAC symposium held in Bari-Italy on May 21-23, 1979. The book starts by presenting general introductory survey papers, including topics on the problem of appropriate technology, the redirection of technology, industrialization in developing countries, and proper technology transfer, and technical papers on general criteria. The text also tackles papers about the application of the social cost-benefit analysis to the problem of choosing among alternative production processes; economic evaluation of alternative techniques; and some social consequences of technology development in Europe. Case studies on microelectronics and survey and technical papers on infrastructure planning are also described. The book further deals with papers on human, social and educational factors that impact technological transfer and innovation, as well as the dynamics of technology transfer under different cultural, technical, and social conditions. The text is invaluable to engineers.
Production Structure and Productivity of Japanese Agriculture
Analyses quantitatively in a comprehensive, consistent, and integrated manner the production structure and productivity of post-war Japanese agriculture for the latter half of the twentieth century, more specifically, 1957-97.
Exchange Rate Parity for Trade and Development
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
The United States and East Asia
This book assesses the key causes and trends in recent security, economic, and political dynamics in East Asia to point to the opportunities and challenges they pose for U.S. policy today.
