Macroeconomics and Monetary Economics

Making the Financial System Sustainable

Paul G. Fisher | University of Cambridge This volume of essays is a must-read for anyone working in connection with financial sector policy and sustainability. Acting as a bridge between policy and academia, this volume brings leading experts of the HLEG together to discuss how the financial system can be reformed to promote sustainability. • Offers readers further analysis into the 2017 HLEG from some of the main thought leaders on sustainable Finance – people who have helped shape the current agenda and who have strong views on how it should develop • Covers the policy ground, from a high-level systems view to detailed regulatory issues, from technical issues such as risk analysis or use of benchmarks, through to the involvement of citizens - there is something important in here for everyone connected with the financial sector • The authors include academics, financial professionals and NGOs; the book is also written for politicians, civil servants, journalists and students, and will appeal to a wide range of people across fields and disciplines

300pp 10. 2020 9781108842297 Hardback GBP 85 / USD 110 eISBN 9781108908269

Seeking Virtue in Finance

Contributing to Society in a Conflicted Industry JC de Swaan | Princeton University, New Jersey Drawing from inspiring individuals, JC de Swaan proposes a framework for pursuing a viable career in Finance while benefiting society and upholding humanistic values. In doing so, he challenges traditional concepts of success in the industry. This will also engage readers outside of Finance who are concerned about the industry’s impact on society • Challenges traditional concepts of success in Finance and business more broadly • Counters the narrative of badly behaving, self-serving Finance professionals by shining a light on inspiring individuals in the industry • Will appeal to those who either contemplate working in the Finance industry or currently work in it and are concerned about being corrupted by the industry • Suggests a path to help improve Finance from within and restore its focus on serving society

246pp 9. 2020 9781108473132 Hardback GBP 22.99 / USD 29.99 eISBN 9781108561815

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The Growth of Shadow Banking

A Comparative Institutional Analysis Matthias Thiemann By analyzing the growth and regulation of shadow banking activities by large banks in Western Europe and the US, this book illuminates how the evolution of Finance, driven by structural pressures and financial innovations, is crucially mediated through state-Finance interactions on the meaning of rules and the need to comply. • Considers how globalization shapes the regulation of Finance • Explains why regulation failed but also when and why it worked • Analyzes the rise of shadow banking in Germany, the Netherlands and

France as well as the better known cases of the US and UK

305pp 6 b/w illus. 7 maps 8. 2020 9781316614167 Paperback GBP 23.99 / USD 35.99 5. 2018 9781107161986 Hardback GBP 85 / USD 110 eISBN 9781316676837

History of Economic Thought and Methodology

Progress through Regression

The Life Story of the Empirical Cobb-Douglas Production Function Jeff E. Biddle | Michigan State University Using the empirical Cobb-Douglas production function as case study, the general phenomenon of the diffusion of newresearch tools in economics is addressed, and the intersection of this history with that of several important empirical research programs will appeal to historians of twentieth century economics and other social sciences. • Intersects the history of the Cobb-Douglas regression with the history of many previously under-studied empirical research programmes in twentieth century economics • Comprehensive discussion of Cobb-Douglas regression in non-technical language • Provides a fine-grained account of the actual research process in twentieth century empirical economics

Historical Perspectives on Modern Economics

350pp 11. 2020 9781108492263 Hardback GBP 85 / USD 110 eISBN 9781108679312

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Resources, Production and Structural Dynamics

Mauro L. Baranzini | Università della Svizzera Italiana, Switzerland Resources, Production and Structural Dynamics offers a fresh approach to the economic theory of resources, outlining a new structural framework for the political economy of scarcity and rents, and proposing a novel way of organising empirical evidence concerning the role of resources in industrial growth. • Outlines a new approach to the economic theory of resources - will appeal to economists, social scientists and policy makers interested in moving beyond the approach to resources in terms of optimal allocation models • Proposes a new structural framework for the political economy of resources – readers will appreciate the treatment of resources in a modified input-output frame emphasising the interdependence between ‘producible’ and ‘non-producible’ resources • Outlines a new way of organising empirical evidence concerning resources in industrial growth – provides readers with a new set of empirical indicators showing the impact of structural changes upon the patterns of resources use, such as the switch from hydrocarbons to renewable resources

519pp 19 b/w illus. 19 tables 1. 2020 9781107437319 Paperback GBP 29.99 / USD 39.99 4. 2015 9781107079090 Hardback GBP 85.99 / USD 120.95 eISBN 9781139940948

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6 Society on the Edge

Social Science and Public Policy in the Postwar United States Philippe Fontaine This collection brings together leading scholars to consider, in the first book-length treatment of its kind, the treatment of social problems within the social sciences. Each chapter is devoted to a major problem of US society, such as crime or discrimination, tracking the disciplines’ relative fortunes in the half-century after World War II. • Designed to take a cross-disciplinary approach to the history of social science, 1945–1990s • Features true dialogue between chapters, which were planned and written in conversation • Highlights the interplay between academic knowledge and policy influence

280pp 12. 2020 9781108487139 Hardback GBP 74.99 / USD 99.99 12. 2020 9781108732192 Paperback GBP 26.99 / USD 34.99 eISBN 9781108765961

Towards an Economics of Natural Equals

A Documentary History of the Early Virginia School David M. Levy | George Mason University, Virginia The Virginia School’s economics of natural equals makes consent critical for policy. The claim of efficiency unsupported by consent, as is common in orthodox economics, is an implicit appeal to a social hierarchy. The publication of previously unpublished correspondence and documentation allows the reader to judge recent controversy. • Explores the Virginal School of Political Economy, which has been largely marginalized in the existing scholarship on public choice theory • Separates the Virginia School from mainstream economics and from the Chicago School, with which it is often identified • Examines previously unpublished texts and archival finds that help to illuminate crucial moments in the history of the Virginia School

308pp 14 b/w illus. 1 table 1. 2020 9781108428972 Hardback GBP 85 / USD 110 eISBN 9781108571661

Industrial Economics

Contours of Value Capture

India’s Neoliberal Path of Industrial Development Satyaki Roy It aims to study the process of industrialisation at a conceptual level and articulate and contest the evolving debates and discourses. It provides insights into the complexities of the process and growth of industrialisation as it has played out in contemporary India. • Extends the rich tradition of class focused analyses of post-colonial

India’s industrial trajectory to contemporary times • Problematises existing binaries within the discourse on industrialisation, foregrounding class process as one of the cardinal elements in the analyses of industrial growth

239pp 9. 2020 9781108486910 Hardback GBP 75 / USD 99.99 eISBN 9781108764858 NEW IN PAPERBACK

The Manufacturing of Markets

Legal, Political and Economic Dynamics Eric Brousseau | Université de Paris IX (Paris-Dauphine) Drawing on case studies from a range of industries, countries and periods of history, this edited volume examines how a combination of economic, political and legal dynamics shape the formation and the performance of markets. This book will appeal to all those interested in the reform of markets. • Proposes a new view of markets as social construct, showing that markets are far from perfect or natural mechanisms • Provides an evolutionary vision of how markets are built and permanently reshaped by economic, political and legal influences • Multidisciplinary approach with contributions from economists, political scientists and lawyers, structured around a set of case studies covering different periods and different industries

547pp 26 b/w illus. 9 tables 1. 2020 9781107677326 Paperback GBP 29.99 / USD 39.99 5. 2014 9781107053717 Hardback GBP 98 / USD 151 eISBN 9781107284159

International Economics

An Introduction to International Economics

New Perspectives on the World Economy Second Edition Kenneth A. Reinert | George Mason University, Virginia Ideal for a one-semester course in International Economics, this book assumes a minimal background in economics and mathematics, making International Economics accessible to wide audiences. The author addresses international trade, international production (including migration), and international Finance in an integrated manner. • Includes chapters on the World Trade Organization and the

International Monetary fund, placing theories of International

Economics within the larger context in which they operate • Can be used in international relations, development policy, and international business programs, making it accessible to a large audience across disciplines • Accessible to non-traditional students and students who have not had intermediate-level theory

276pp 120 b/w illus. 46 tables 8. 2020 9781108470056 Hardback GBP 150 / USD 200 8. 2020 9781108455169 Paperback GBP 49.99 / USD 64.99 eISBN 9781108555838

Labour Economics

Mobilities of Labour and Capital in Asia

Preet S. Aulakh | York University, Toronto Explores the mobilities of capital and labour in the contemporary global economy. Using an analytical framework around three dimensions related to the forms, institutions, and spatialities of mobility, it examines the interrelationships between mobilities of capital and labour at multiple levels of analyses. • Uses different geographical sites within Asia (China, Japan, India and

Philippines, among others) • Is attentive to power dynamics at global, national and sub-national levels • Identifies various formal and informal institutional actors and explores the multiple ways in which they facilitate capital and labour mobilities

284pp 2. 2020 9781108482325 Hardback GBP 85 / USD 110 eISBN 9781108687140

Wretched Refuse?

The Political Economy of Immigration and Institutions Alex Nowrasteh Establishes the economic case for free immigration by reviewing the predominant obstacle in its path: the notion that immigrants harm destination country institutions. Cross-country case-study evidence is utilised to reject this concept. This text will engage any reader curious about the relationship between immigration policy and economics. • Systematic summary of the basic economic case for free immigration in non-specialist language • Empirically analyses cross-country and case study evidence for impact of immigration on destination countries • Operates a non-ideological nature of investigation

Cambridge Studies in Economics, Choice, and Society

240pp 1. 2021 9781108477635 Hardback GBP 76.99 / USD 99.99 1. 2021 9781108702454 Paperback GBP 22.99 / USD 29.99 eISBN 9781108776899

Macroeconomics and Monetary Economics

A History of Big Recessions in the Long Twentieth Century

Andrés Solimano This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. Its wide geographic and historical coverage of episodes in North America, Europe, Latin America and Asia will appeal to scholars and students of economics and history. • Provides a broad cross-country perspective of a variety of regional, national and international crises that occurred throughout the twentieth century • Links economic and political factors underlying destabilizations and crisis situations • Stresses the importance of global shocks, the role of debt cycles, financial fragility, inequality and political economy as contributing factors to economic slumps

238pp 60 b/w illus. 52 tables 2. 2020 9781108485043 Hardback GBP 74.99 / USD 99.99 2. 2020 9781108719131 Paperback GBP 22.99 / USD 29.99 eISBN 9781108755276

After the Accord

A History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979 Kenneth D. Garbade Following the end of World War II and the resumption of peacetime economic activity, the Federal Reserve and the US Treasury had to rebuild the machinery of monetary and debt management operations. This book explains their initial thinking and explores how they reacted to subsequent challenges. • Provides a thorough chronology of the appearance and subsequent evolution of monetary policy instruments • Offers a history of the origins and evolution of the primary dealer system • Detailed analysis of post-war Treasury debt management, with emphasis on the development of regular and predictable auction sales

Studies in Macroeconomic History

388pp 12. 2020 9781108839891 Hardback GBP 95 / USD 130 eISBN 9781108885386

Central Banks as Fiscal Players

The Drivers of Fiscal and Monetary Policy Space Willem Buiter The book develops a unified framework to address a number of key issues in monetary economics and public Finance, including how helicopter money works, when modern monetary theory makes sense, why the Eurosystem has a potentially fatal design flaw, why the fiscal theory of the price level is a fallacy and how to escape from the zero lower bound. • Offers both rigorous and narrative approaches to all key issues • Puts the political back in political economy • Readers encounter both the consequences of monetary and fiscal policy and the socio-political drivers of monetary and fiscal policy

Federico Caffè Lectures

200pp 11. 2020 9781108842822 Hardback GBP 59.99 / USD 79.99 11. 2020 9781108822763 Paperback GBP 22.99 / USD 29.99 eISBN 9781108904292

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Central Banks at a Crossroads

What Can We Learn from History? Michael D. Bordo | Rutgers University, New Jersey The role of the central bank has become a subject of intense debate in the wake of the recent global financial crisis. In this volume, experts and policy makers discuss what lessons we can draw by examining the evolution of the central bank over the past two centuries. • A broad overview of the evolution of central banks and central banking with an emphasis on the lessons waiting to be learnt • Identifies recent trends in the development of central banks and central banking in the aftermath of the recent financial crisis • Provides valuable historical background to the current debate about the role of the central bank

Studies in Macroeconomic History

718pp 60 b/w illus. 30 tables 1. 2020 9781108791984 Paperback GBP 32.99 / USD 42.99 6. 2016 9781107149663 Hardback GBP 110 / USD 171 eISBN 9781316570401

Economic Growth and Structural Reforms in Europe

Nauro F. Campos | University College London Written for policy makers as well as economists, this book focuses on the question of how structural reform programmes have been affecting growth, employment, investment, inequality and external imbalances in European countries. It includes a new theoretical framework, new data, new empirical methodologies and detailed case studies. • Covers issues concerning policy makers in Europe as well as its citizens • Unique in linking structural reforms and European Integration • Provides a detailed, deep collection of country case studies

464pp ? b/w illus. ? tables 4. 2020 9781108479110 Hardback GBP 110 / USD 140 eISBN 9781108782517

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