Microeconomics Natural Resource and Environmental

8 Macroeconomic Inequality from Reagan to Trump

Market Power, Wage Repression, Asset Price Inflation, and Industrial Decline Lance Taylor | New School for Social Research, New York Rising US income and wealth inequality results from repression of real wage growth and production realignments benefitting the top one percent of households. Middle class wage-earning households have been hurt. Wage repression has led to slow inflation and low interest rates that sparked capital gains for the top one percent. • Hones in on some of the key driving forces behind rising inequality, such as wage repression • Challenges the assumptions of mainstream neoclassical economic growth theory • Shows how middle class households have been hurt by policies benefitting the top 1%

Studies in New Economic Thinking

170pp 8. 2020 9781108494632 Hardback GBP 69.99 / USD 89.99 8. 2020 9781108796101 Paperback GBP 22.99 / USD 29.99 eISBN 9781108854443

Macroeconomics for Business

The Manager’s Way of Understanding the Global Economy Lawrence S. Davidson | Indiana University Macroeconomics in a globalized world for students and managers who seek to learn economics without necessarily becoming an economist. Extensive use of current data, domestic and international applications, and global perspective makes it relevant for business around the globe. • Uses a very minimum of mathematics and statistical concepts and is written for business students and managers • Features such as ‘International applications’, ‘Working with data’, and

‘Differences of opinion’ provide practical experience, international perspectives and policy debates • Uses empirical data to illustrate macroeconomic concepts and arguments. Each chapter includes instruction on how to research data and where to source it

350pp 102 b/w illus. 102 colour illus. 47 tables 2. 2020 9781108470858 Hardback GBP 69.99 / USD 89.99 2. 2020 9781108456753 Paperback GBP 39.99 / USD 49.99 eISBN 9781108557221

NEW IN PAPERBACK

Macroprudential Policy and Practice

Paul Mizen | University of Nottingham Macroprudential policy is perhaps the most important development in central bank policymaking circles since the global financial crisis, and reliance on such policies continues to spread. This is a guide to the latest theoretical developments, showing how they relate to monetary policy, and supported by empirical evidence from many countries. • This book is aimed at both policymakers and academics • Puts together key aspects of macroprudential policy • Helps readers to understand how macroprudential and monetary policies work together

Macroeconomic Policy Making

323pp 5. 2020 9781108412346 Paperback GBP 23.99 / USD 35.99 8. 2018 9781108419901 Hardback GBP 85 / USD 110 eISBN 9781108304429

Making a Modern Central Bank

The Bank of England 1979–2003 Harold James | Princeton University, New Jersey This authoritative guide to the transformation of the Bank of England into a modern inflationtargeting independent central bank examines a revolution in monetary and economic policy and the modernization of British institutions in the late twentieth century. • Explores the political consequences of the Bank of England’s move to central bank independence • Offers insight into how backlash against globalization and the

European Union emerged • Examines both European and international context

Studies in Macroeconomic History

350pp 9. 2020 9781108835015 Hardback GBP 84.99 / USD 110 9. 2020 9781108799492 Paperback GBP 29.99 / USD 39.99 eISBN 9781108875189

Promoting Global Monetary and Financial Stability

The Bank for International Settlements after Bretton Woods, 1973–2020 Claudio Borio Independent scholars from disciplines including economics, history, political science, and law, explain the Bank for International Settlements, the global organisation of central banks. They shed light on how, over the past half century, the BIS has influenced and helped shape the international monetary and financial system. • Central bank cooperation is traditionally approached from a historical and/or economic angle; by including a political science and legal view, this book provides a richer, multi-faceted approach • Places the crisis and the action of central banks and their cooperation in a much broader, long-term context • Can be read either as a chronological overview of the Bank for

International Settlements, or as separate essays

Studies in Macroeconomic History

302pp 4. 2020 9781108495981 Hardback GBP 85 / USD 110 eISBN 9781108856522

Prospects for Economic Growth in the United States

John W. Diamond | Rice University, Houston Explores the future of economic growth in the US, considering demographics, social insurance programs, technological progress, human capital, immigration, inequality, financial institutions, and fiscal policy. Text will illuminate for academics, businessmen, and policy makers the challenges of sustaining and promoting economic growth. • Provides perspectives on future economic growth from a distinguished group of world-renowned, interdisciplinary economists • Discusses widely differing opinions on the importance of various critical factors that affect the prospects for future economic growth • Examines various policy options to counteract the headwinds to economic growth

250pp 1. 2021 9781108479684 Hardback GBP 65 / USD 99.99 1. 2021 9781108790505 Paperback GBP 22.99 / USD 29.99 eISBN 9781108856089