Economics Catalogue 2016

Economics cambridge.org/economics2016

2016

Welcome to the Economics books catalogue 2016.

Here you will find new and forthcoming titles, representing the highest level of academic research from renowned authors. Our highlights this year include new editions of several key textbooks, including third editions of Financial Markets and Institutions by Jakob de Haan, Sander Oosterloo and Dirk Schoenmaker and Microeconomics for MBAs by Richard McKenzie and Dwight Lee. Our publications are available in a variety of formats, including ebooks and print, as well as online collections for institutional purchase via ebooks.cambridge.org.

We also publish a range of leading Economics journals, including the Journal of Financial and Quantitative Analysis and Econometric Theory (see back inside page for more information).

You can recommend our books, online collections and journals to your librarian by filling out the form at the back of this catalogue.

To see more book listings, product information, preview extracts and reviews, and to find out which conferences we are attending, you can find us online at www.cambridge.org/ economics2016.

You can also keep up to date with the latest news and author views from our academic blog at http://www.cambridgeblog.org/category/economics.

For queries and suggestions, please consult the list of useful contacts at the back of this catalogue.

To submit a proposal, please contact our Editors: Karen Maloney, Executive Publisher: kmaloney@cambridge.org Philip Good, Commissioning Editor: pgood@cambridge.org We hope that you enjoy reading about our latest publications.

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Richard B. McKenzie Dwight Lee

MICROECONOMICS for MBAs

Contents

The Economic Way of Thinking for Managers

Econometrics, statistics and mathematical economics

1 THIRD EDITION

Microeconomics 3 5

Written for undergraduate and graduate students of finance, economics and business, the third edition of Financial Markets and Institutions provides a fresh analysis of the European financial system. Combining theory, data and policy, this successful textbook examines and explains financial markets, financial infrastructures, financial institutions and the challenges of financial supervision and competition policy.

International economics Labour economics

•

The text is clearly signposted and presented, with learning objectives, boxes for key concepts and theories, chapter overviews and suggestions for further reading

•

Provides broad coverage of the European financial system, including markets, infrastructure and institutions

•

Explains the ongoing process of financial integration, in particular the impact of the euro and the Banking Union

8

New to this edition:

9

•

Greater discussion of the financial and euro crises

•

Updated data

•

Extensive analysis of unconventional monetary policies, the Banking Union, the Basel 3 capital adequacy framework for banking supervision, macroprudential policies and state aid control applied to banks

Macroeconomics and monetary economics 9 •

Wider international coverage, with greater emphasis on comparisons with countries outside the European Union

‘Now that an integrated European banking and financial system has become established, there is a need for a book to describe and to analyse its working. The authors, who have great experience in the practical, regulatory and academic aspects of their subject, do this admirably, clearly and succinctly.

This will be an invaluable textbook for all students of European banking and finance.’

Charles Goodhart, Professor Emeritus of Banking and Finance, London School of Economics

FINANCIAL MARKETS AND INSTITUTIONS

Finance 6

‘A quarter of a century ago, the European financial system consisted of segmented national markets and institutions. The process of creating a single unified system has made considerable progress but still has some way to go. This book provides an excellent account of why this process is important, the current situation, and how it will proceed in the future. It is very well suited for its target audience of advanced undergraduates and Masters students and will be useful to all those interested in the topic. I highly recommend it.’

Franklin Allen, Executive Director of the Brevan Howard Centre and Professor of Finance and Economics at Imperial College London

de Haan, Oosterloo and Schoenmaker

9781107539365 de Haan, Ooserland & Schoenmaker PB C M Y K

Industrial economics

see page 3

THIRD EDITION

FINANCIAL MARKETS AND INSTITUTIONS

see page 6

A EUROPEAN PERSPECTIVE

Jakob de Haan Sander Oosterloo Dirk Schoenmaker

THIRD EDITION

de_Haan3e

Exercises and solutions Figures and tables

PowerPoint lecture slides for instructors

PRAISE FOR

12

Modeling Monetary Economies: Third Edition

Economic development and growth 14

“This is simply the best book on monetary theory with which I am familiar. I cannot emphasize strongly enough how this book belongs in the curriculum of advanced undergraduates. There is no acceptable alternative. Former students have told me that the best favor that they did for themselves, before going to graduate school in economics, was reading the earlier version of Champ and Freeman, cover to cover. In a better world, this would be the standard undergraduate macro text. The ideal course is based on Champ and Freeman, and on Russell W. Cooper, Coordination Games: Complementaries and Macroeconomics, Cambridge University Press, 1999. If you cannot do this for your intermediate students, do it for your advanced students.”

– John Bryant, Rice University and CentER, Tilburg University “This text is ingenious in the simplicity with which it is able to explain monetary phenomena while at the same time maintaining rigor. I taught out of earlier editions several times in undergraduate and MBA classes. With the addition of new topical material, the text can only be even better.”

– Finn E. Kydland, 2004 Nobel Prize in Economics; University of California, Santa Barbara

Public economics and public policy 16 Political economy

“I have taught both undergraduates and MBAs with both previous editions of this book and found them to be wonderful texts. Both my students and I appreciated the books’ clear presentations. They are clear because they are rigorous and avoid the ‘implicit theorizing’ that can mystify undergraduates and MBAs.” – Thomas Sargent, New York University

17

History of economic thought and methodology 23

Bruce Champ is Senior Research Economist at the Federal Reserve Bank of Cleveland.

Scott Freeman was a Professor of Economics at the University of Texas, Austin.

Joseph Haslag is Professor and Kenneth Lay Chair in Economics at the University of Missouri, Columbia.

Economic history

24

Economics (general)

29

Also of interest

29

Fourth Edition

“Champ, Freeman, and Haslag’s Modeling Monetary Economies is an excellent tool for teaching monetary economics to undergraduate students. The authors use a coherent and simple framework that can be addressed to a host of key issues in money, credit, and banking.”

– Stephen Williamson, Washington University in St. Louis

Modeling Monetary Economies

“Theory that encourages careful thinking. Applications that demonstrate relevance. All delivered in an easy yet rigorous manner. An essential text for any course in money and banking.” – David Andolfatto, Federal Reserve Bank of St. Louis

Champ Freeman Haslag

Natural resource and environmental economics

Cover designed by Zoe Naylor

Modeling Monetary Economies

see page 9

Fourth Edition

Bruce Champ Scott Freeman Joseph Haslag

Paul Wallace

see page 10

Information on related journals

Inside back cover

see page 16

Featured authors Richard B. McKenzie, University of California, Irvine Co-author of Microeconomics for MBAs, 3rd Edition Dwight Lee and I wrote Microeconomics for MBAs: The Economic Way of Thinking for Managers because other micro textbooks targeted undergraduate majors or PhD candidates in economics. They did not have the career interests of serious business students in mind, which our textbook certainly does. We consider the third edition to be a major revision, update, and upgrade, both in business-relevant

Ric ha rd

nzi e B. Mc Ke Lee Dw igh t

ICS MICROECONOMBAs for M ic Way of

The Econom

Thinking for

Managers

content and resource materials. Indeed, we advance the view that economics can best be defined as a mode of “thinking” that can improve management decisions THIRD

and firm profitability.

EDITIO

N

Paul Wallace, The Economist Author of The Euro Experiment This book stems from my work in covering the often bewilderingly complex euro crisis as a journalist. I wanted to present a clear and dispassionate

ll a c e Paul Wa

analytical account of the sources and nature of the crisis. My main purpose was to explain how and why the experiment in creating the euro went wrong, starting with a defective design, and to assess whether reforms have secured a more viable currency union.

Susan Rose-Ackerman, Yale Universty Bonnie J. Palifka, Tecnológico de Monterrey, Campus Monterrey, Mexico Authors of Corruption and Government, 2nd Edition Building on Rose-Ackerman’s classic work on corruption, we engage the reader in contemporary research and policy debates. Anchored in a political-economy framework, we support our arguments with corruption-related data, new cases from around the world, and references to the vast empirical literature published since 1999. We argue that properly designed political and economic institutions can help constrain corruption, even when it is entrenched. The book is a must-read for students of development, policymakers, and anticorruption reformers alike.

Visit www.cambridge.org/authorhub for a range of step-by-step guides for authors

Econometrics, statistics and mathematical economics

Econometrics, statistics and mathematical economics Best-Worst Scaling Theory, Methods and Applications Jordan J. Louviere University of South Australia

Terry N. Flynn TF Choices Ltd.

and A. A. J. Marley University of South Australia and University of Victoria, British Columbia

This is the first systematic treatment of the theory and application of bestworst scaling (BWS), an emerging methodology in choice experiments.

The three types of best-worst scaling are introduced and explored, and example applications and case studies illustrate how to implement, apply, and analyze the theory across many different disciplines.

‘Best-Worst Scaling (BWS) has emerged as a novel and innovative method for eliciting preferences and understanding choice behavior.

This book provides researchers and practitioners with a clear understanding of the origins, theory, and use of BWS and contains interesting case studies from a range of disciplines. This excellent collection of papers also provides a fascinating story of how a new research method moves from initial ideas to adoption by researchers in multiple fields worldwide. It is a must-have reference for current users or those interested in learning about BWS.’ W. L. (Vic) Adamowicz, Professor, Department of Resource Economics and Environmental Sociology, and Research Director at the Alberta Land Institute, University of Alberta 2015 247 x 174 mm 360pp 49 b/w illus. 130 tables 978-1-107-04315-2 Hardback £39.99 / US$59.99 For all formats available, see

www.cambridge.org/9781107043152

Applied Choice Analysis Second edition David A. Hensher University of Sydney

1

2015 253 x 177 mm 644pp 18 b/w illus. 97 tables 978-0-521-88588-1 Hardback £40.00 / US$60.00 For all formats available, see

www.cambridge.org/9780521885881

John M. Rose University of South Australia

and William H. Greene New York University

A fully updated second edition of this popular book on choice analysis, showing the latest developments in behavioural theory, econometric estimation, and how to apply all methods using the software NLOGIT. Complete with new topics and case studies, this is a valuable resource for students, researchers, professionals and consultants.

‘This is an enormous book, covering in extraordinary detail all the topics selected by these respected authors.

It represents a substantial update and renewal of the material covered in the first edition. In my opinion it should be on the shelves of anyone dealing with discrete choice models.’

Juan de Dios Ortúzar Salas, Pontificia Universidad Católica de Chile 2015 247 x 174 mm 1216pp 150 b/w illus. 182 tables 978-1-107-46592-3 Paperback £55.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107465923

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Causal Inference for Statistics, Social, and Biomedical Sciences An Introduction Guido W. Imbens Stanford University, California

and Donald B. Rubin Harvard University, Massachusetts

In this groundbreaking text, two worldrenowned experts present statistical methods for studying causal effects: how can we learn about the expected effect of an intervention or a change in environment? The authors discuss how we can assess such effects in simple randomized experiments, where the researcher controls the treatments, and in observational studies, where the subjects themselves may affect which treatment they receive.

‘This book offers a definitive treatment of causality using the potential outcomes approach. Both theoreticians and applied researchers will find this an indispensable volume for guidance and reference.’

Hal Varian, Chief Economist, Google and Emeritus Professor, University of California, Berkeley

Handbook of Computational Social Choice Edited by Felix Brandt Technische Universität München

Vincent Conitzer Duke University, North Carolina

Ulle Endriss Universiteit van Amsterdam

Jérôme Lang Université de Paris IX (Paris-Dauphine)

and Ariel D. Procaccia Carnegie Mellon University, Pennsylvania

At the intersection of computer science and economics, computational social choice deals with the computational aspects of collective decision making.

This book outlines the field’s major themes: voting, fair allocation, and coalition formation. Graduate students and researchers in computer science, economics, mathematics, political science, and philosophy will benefit from this book.

2016 253 x 177 mm 544pp 41 b/w illus. 9 tables 978-1-107-06043-2 Hardback £39.99 / US$59.99 Publication February 2016 For all formats available, see

www.cambridge.org/9781107060432

Contest Theory Incentive Mechanisms and Ranking Methods Milan Vojnovic Microsoft Research, Cambridge, UK

Contests are prevalent in many areas, from sports, to labor markets, to resource allocation, to crowdsourcing.

Using a game-theoretic framework, this unified, comprehensive treatment pays particular attention to online applications of contest design, allowing professionals, researchers and students to learn about the theoretical principles and to test them in practice.

Advance praise: ‘Contest theory, including the war of attrition, winner-take-all competition, and tournaments, has recently received renewed attention, due to its applicability to online rating systems, platform competition, and other internet phenomena. Milan Vojnovic’s book is a delightful and thorough examination of the state of the art in contest modeling, for economists and computer scientists alike.’

Preston McAfee, Microsoft

eBooks available at www.cambridge.org/ebookstore

2

Econometrics, statistics and mathematical economics 2016 253 x 177 mm 656pp 187 b/w illus. 6 tables 978-1-107-03313-9 Hardback £49.99 / US$79.99 Publication January 2016 For all formats available, see

www.cambridge.org/9781107033139

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Applied Nonparametric Econometrics Daniel J. Henderson University of Alabama

and Christopher F. Parmeter University of Miami

Bridging the gap between applied economists and theoretical nonparametric econometricians, this book explains basic to advanced nonparametric methods with applications.

2015 253 x 177 mm 380pp 81 b/w illus. 34 tables 978-1-107-01025-3 Hardback £75.00 / US$125.00 978-0-521-27968-0 Paperback £30.00 / US$49.99 For all formats available, see

www.cambridge.org/9781107010253

dynamical systems for the first time.

Better yet, it offers the topics and treatments for a course in dynamics.’

Robert A. Becker, Indiana University, Bloomington

Contents: Preface; Part I. Difference Equations: 1. Basic concepts; 2. Linear difference equations; 3. Autonomous difference equations; 4. One-dimensional maps; Part II. Dynamic Optimization: 5. Optimization techniques; 6. Dynamic inconsistency and commitment; 7. Dynamic games; 8. Dynamic competitive equilibrium; References; Index.

2015 246 x 189 mm 301pp 30 b/w illus.

978-1-107-08329-5 Hardback £65.00 / US$99.00

Dynamic Economic Analysis Deterministic Models in Discrete Time Gerhard Sorger Universität Wien, Austria

Concise yet rigorous, this textbook provides a clear and systematic introduction to the theory and application of dynamic economic models.

‘This book offers a comprehensive vision of economic dynamics suitable for graduate students and professionals alike. Gerhard Sorger is a leading researcher with a flair for presenting mathematically challenging theories carefully and rigorously. His text emphasizes the interplay between formal theory and applications with detailed developments of a catalogue of economic models and examples drawn from macroeconomics, growth theory and game theory. There is no other single book readily accessible in the economics literature covering the same wide range of deterministic dynamics and optimization theories with detailed illustrations of those theories in action. It is accessible to students engaged in a self-study program for students engaging with

Joseph M. Hilbe Arizona State University

This book provides guidelines and fully worked examples of how to select, construct, interpret and evaluate the full range of count models.

PROSE Award for Mathematics 2015 – Honourable mention 2014 234 x 177 mm 300pp 10 b/w illus. 81 tables 978-1-107-02833-3 Hardback £69.99 / US$115.00 978-1-107-61125-2 Paperback £27.99 / US$39.99 For all formats available, see

978-1-107-44379-2 Paperback £24.99 / US$39.99

www.cambridge.org/9781107028333

For all formats available, see

Nonparametric Estimation under Shape Constraints

www.cambridge.org/9781107083295

Highlight

A Practitioner’s Guide to Stochastic Frontier Analysis Using Stata Subal C. Kumbhakar Binghamton University, State University of New York

Hung-Jen Wang Textbook

Modeling Count Data

National Taiwan University

and Alan P. Horncastle Oxera Consulting, Oxford

This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.

2015 228 x 152 mm 374pp 56 b/w illus.

978-1-107-02951-4 Hardback £80.00 / US$125.00 978-1-107-60946-4 Paperback £34.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107029514

Estimators, Algorithms and Asymptotics Piet Groeneboom Technische Universiteit Delft, The Netherlands

and Geurt Jongbloed Technische Universiteit Delft, The Netherlands

This book introduces basic concepts of shape constrained inference and guides the reader to current developments in the subject.

Cambridge Series in Statistical and Probabilistic Mathematics, 38

2014 253 x 177 mm 428pp 90 b/w illus. 20 tables 190 exercises 978-0-521-86401-5 Hardback £55.00 / US$85.00 For all formats available, see

www.cambridge.org/9780521864015

Analysis of Panel Data Third edition Cheng Hsiao University of Southern California

Expert Adjustments of Model Forecasts Theory, Practice and Strategies for Improvement Philip Hans Franses Erasmus Universiteit Rotterdam

Brings together current theoretical insights and new empirical results to examine expert adjustment of model forecasts from an econometric perspective.

2014 228 x 152 mm 144pp 9 b/w illus. 18 tables 978-1-107-08159-8 Hardback £49.99 / US$74.99 978-1-107-44161-3 Paperback £19.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107081598

This book provides a comprehensive, coherent, and intuitive review of panel data methodologies that are useful for empirical analysis.

Econometric Society Monographs, 54

2015 228 x 152 mm 562pp 7 b/w illus. 9 tables 978-1-107-03869-1 Hardback £75.00 / US$125.00 978-1-107-65763-2 Paperback £32.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107038691

Econometrics, statistics and mathematical economics / Microeconomics Highlight

Department of Economics, University of California, San Diego

Contents: 1. Introduction; 2. Inference on unit roots: basic methods; 3. Unit root tests under various model specifications; 4. Alternative approaches to inference on unit roots; 5. Other issues related to unit roots; 6. Seasonal unit roots; 7. Panel unit roots.

and Federico Echenique

Themes in Modern Econometrics

Division of the Humanities and Social Science, California Institute of Technology

2015 228 x 152 mm 296pp 27 tables 978-1-107-09733-9 Hardback £60.00 / US$95.00

Revealed Preference Theory Christopher P. Chambers

The theory of revealed preference has a long, distinguished tradition in economics but lacked a systematic presentation of the theory until now.

This book deals with basic questions in economic theory and studies situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.

Econometric Society Monographs, 56

2016 228 x 152 mm 224pp 33 b/w illus.

978-1-107-08780-4 Hardback £54.99 / US$89.99 978-1-107-45811-6 Paperback £21.99 / US$34.99 Publication January 2016 For all formats available, see

www.cambridge.org/9781107087804

Textbook

Almost All About Unit Roots Foundations, Developments, and Applications In Choi Sogang University, Seoul

Many economic theories depend on the presence or absence of a unit root for their validity, making familiarity with unit roots extremely important to econometric and statistical theory. This book introduces the literature on unit roots in a comprehensive manner to empirical and theoretical researchers in economics and other areas.

‘Choi’s monograph provides an authoritative introduction to and survey of the literature on unit roots, which spans economics, statistics and other fields. Its handbook style and clear treatment make it an extremely convenient graduate-level reference for those working with highly persistent time series data.’

J. Isaac Miller, University of Missouri

978-1-107-48250-0 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107097339

Textbook

Granularity Theory with Applications to Finance and Insurance Patrick Gagliardini Universita della Svizzera Italiana, Switzerland

and Christian Gouriéroux University of Toronto

This book provides the first comprehensive overview of the granularity theory and its usefulness for risk analysis, statistical estimation, and derivative pricing.

‘Credible portfolio risk assessment requires financial-econometric methods that respect the limitations of finite samples (finite numbers of assets) in real portfolios. Gagliardini and Gouriéroux propose and explore asymptotic expansions (granularity adjustments) that do just that. As expected, their book displays a wonderful clarity of thought and will be highly valued in academic, policy and practitioner circles.’

Francis X. Diebold, Paul F. and Warren S. Miller Professor of Economics, University of Pennsylvania

Contents: 1. The standard asymptotic theorems and their limitations; 2. Gaussian static factor; 3. Static qualitative factor model; 4. Nonlinear dynamic panel-data model; 5. Prediction and basket derivative pricing; 6. Granularity for risk measures.

Themes in Modern Econometrics

2014 228 x 152 mm 202pp 36 b/w illus. 12 tables 978-1-107-07083-7 Hardback £55.00 / US$90.00 978-1-107-66288-9 Paperback £21.99 / US$34.99

3

Microeconomics Textbook

Microeconomics for MBAs The Economic Way of Thinking for Managers Third edition Richard B. McKenzie University of California, Irvine

and Dwight R. Lee Southern Methodist University, Texas

McKenzie and Lee continue to present microeconomics in a sophisticated, yet nontechnical and easy to understand way, with a heavy emphasis on realworld business issues that will hold student interest because of the relevancy of the material to business students’ career goals.

Contents: Part I. The Market Economy, Overview and Application: 1. Microeconomics: a way of thinking about business; 2. Principles of rational behavior in society and business; 3. Competitive product markets and firm decisions; 4. Applications of the economic way of thinking: domestic government and management policies; Part II. Applications of Basic Economic Theory: 5. Applications of the economic way of thinking: international economics; 6. Applications of the economic way of thinking: environmental economics; Part III. Demand and Production Theory: 7. Consumer choice and demand in traditional and network markets; 8. Production costs and the theory of the firm; 9. Production costs in the short run and long run; Part IV. Competitive and Monopoly Market Structures: 10. Firm production under idealized competitive conditions; 11. Monopoly power and firm pricing decisions; 12. Firm strategy under imperfectly competitive market conditions; 13. Competitive and monopsonistic labor markets; Part V. Behavioral Economics: A Challenge to Conventional Microeconomics: 14. Challenges of behavioral economists; 15. Problems with behavioral economics.

2016 253 x 177 mm 640pp 104 b/w illus. 24 tables 978-1-107-13948-0 Hardback c. £79.99 / c. US$149.99 Publication April 2016

Richard B. McKenzie Dwight Lee

MICROECONOMICS for MBAs The Economic Way of Thinking for Managers

For all formats available, see

www.cambridge.org/9781107139480

For all formats available, see

www.cambridge.org/9781107070837 THIRD EDITION

For regular email alerts visit www.cambridge.org/alerts

4

Microeconomics Full Industry Equilibrium A Theory of the Industrial Long Run Arrigo Opocher Università degli Studi di Padova, Italy

and Ian Steedman Manchester Metropolitan University

Written for academic researchers and graduate students, this ambitious and highly original book shows how work from two disparate traditions, the marginalist long-run theory of the firm and Sraffian theory, can be used to build a framework that sheds new light on the microeconomics of industry equilibrium.

‘Required reading for any economist with an interest in the long-run equilibria properties of firms and industries. Many startling new results challenge conventional beliefs and provide a path-breaking generalization of Sraffa’s work. Highly recommended.’

Edwin Burmeister, Commonwealth Professor of Economics Emeritus, University of Virginia and Research Professor of Economics Emeritus, Duke University 2015 228 x 152 mm 232pp 26 b/w illus. 12 tables 978-1-107-09779-7 Hardback £69.99 / US$110.00 For all formats available, see

www.cambridge.org/9781107097797

Textbook

International Relations Theory The Game-Theoretic Approach Andrew H. Kydd University of Wisconsin, Madison

A new introduction to the game theoretic approach to international relations theory for advanced undergraduate and graduate students.

‘Kydd provides a beautifully clear and thorough development of the central theoretical ideas and arguments of international relations theory, from a strategic perspective. This is a very useful book.’

James D. Fearon, Geballe Professor in the School of Humanities and Sciences, Stanford University, California

Contents: 1. Introduction; 2. What states want; 3. Varieties of strategic settings; 4. Bargaining; 5. Power change and war; 6. Private information and war; 7. Arms competition and war; 8. Cooperation theory; 9. Diplomacy and signaling; 10. Multilateral cooperation; 11. Domestic politics and international relations.

2015 247 x 174 mm 239pp 49 b/w illus. 51 tables 978-1-107-02735-0 Hardback £79.99 / US$129.99 978-1-107-69423-1 Paperback £29.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107027350

text also presents several advanced topics, including accessible proofs of the Sprague–Grundy theorem and Arrow’s impossibility theorem.

‘Sam Smith’s book offers an intriguing juxtaposition of chance, strategy, and elections. The mathematical analysis is rigorous without being too formal or forbidding. The applications to topics in economics and political science – including auctions, power, and voting – as well as to parlor games like poker will engage both students and professionals.’

Steven Brams, New York University

Contents: 1. Introduction; 2. Games and elections; 3. Chance; 4. Strategy; 5. Choice; 6. Strategy and choice; 7. Choice and chance; 8. Chance and strategy; 9. Nash equilibria; 10. Proofs and counterexamples; 11. Laws of probability; 12. Fairness in elections; 13. Weighted voting; 14. Gambling games; 15. Zero-sum games; 16. Partial conflict games; 17. Take-away games; 18. Fairness and impossibility; 19. Paradoxes and puzzles in probability; 20. Combinatorial games; 21. Borda versus Condorcet; 22. The Sprague–Grundy theorem; 23. Arrow’s impossibility theorem.

Cambridge Mathematical Textbooks

2015 253 x 177 mm 352pp 60 b/w illus. 243 tables 300 exercises 978-1-107-08452-0 Hardback £29.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107084520

Textbook

A Course on Cooperative Game Theory Satya R. Chakravarty Indian Statistical Institute

Manipushpak Mitra Indian Statistical Institute

and Palash Sarkar Indian Statistical Institute

This book deals with situations where objectives of participants of the game are partially cooperative and partially conflicting.

Contents: Preface; 1. Introduction and motivation page; 2. Basics and preliminaries; 3. The core and some related solutions; 4. The bargaining set, kernel and nucleolus; 5. The Shapley value; 6. The core, Shapley value and Weber set; 7. Voting games; 8. Mathematical matching; 9. Nontransferable utility cooperative games; 10. Linear programming; 11. Algorithmic aspects of cooperative game theory; 12. Weighted majority games; 13. Stable matching algorithm; References; Index.

2015 234 x 156 mm 273pp 978-1-107-05879-8 Hardback £65.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107058798

The Psychology of Risk Second edition Glynis M. Breakwell University of Bath

This second edition explores the psychology of risk, examining how individuals think, feel and act.

2014 247 x 174 mm 384pp 18 b/w illus.

978-1-107-01701-6 Hardback £69.99 / US$110.00 978-1-107-60270-0 Paperback £34.99 / US$54.99 For all formats available, see

www.cambridge.org/9781107017016

Textbook

Chance, Strategy, and Choice An Introduction to the Mathematics of Games and Elections Samuel Bruce Smith St Joseph’s University, Philadelphia

This classroom-tested undergraduate textbook is intended for a general education course in game theory at the freshman or sophomore level. While it starts off with the basics and introduces the reader to mathematical proofs, this

Highlight

Repeated Games Jean-François Mertens Sylvain Sorin Université de Paris VI (Pierre et Marie Curie)

and Shmuel Zamir Hebrew University of Jerusalem and University of Exeter

This landmark work significantly advances the literature on game theory with a masterful conceptual presentation of the CORE working papers published in 1994.

Econometric Society Monographs, 55

2015 228 x 152 mm 598pp 22 b/w illus. 18 exercises 978-1-107-03020-6 Hardback £75.00 / US$125.00 978-1-107-66263-6 Paperback £39.99 / US$59.99 For all formats available, see

www.cambridge.org/9781107030206

Industrial economics

Industrial economics Quality Standards, Value Chains, and International Development Economic and Political Theory Johan Swinnen Katholieke Universiteit Leuven, Belgium and Stanford University, California

Koen Deconinck Katholieke Universiteit Leuven, Belgium

Thijs Vandemoortele Caterpillar Distribution Systems Europe and Katholieke Universiteit Leuven, Belgium

and Anneleen Vandeplas European Commission and Katholieke Universiteit Leuven, Belgium

This book offers the first integrated theoretical analysis of economic and political factors which determine the level of quality standards, as well as their economic effects along the value chain, shedding light on one of the most striking evolutions affecting global trade and development today.

‘With this book Jo Swinnen et al. make an important contribution to our understanding of the economics of standards. They develop an elegant theoretical approach to analyze the complex interplay between the different interest groups that can influence quality standards in food value chains. Who gains, who loses, and why do inefficient levels of standards persist? The book should entice others to test empirically the rich body of theoretical conclusions it offers.’

Ken Ash, Director, Organisation for Economic Co-operation and Development 2015 228 x 152 mm 250pp 35 b/w illus.

978-1-107-02591-2 Hardback £74.99 / US$120.00 978-1-107-68886-5 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107025912

Textbook

Industrial Organization Markets and Strategies Second edition Paul Belleflamme Université Catholique de Louvain, Belgium

and Martin Peitz Universität Mannheim, Germany

Thoroughly revised according to classroom feedback, this comprehensive textbook provides an up-to-date account of modern industrial organization that blends theory with numerous real-

world applications. Formal models are presented in detail, and the main results are summarized in ‘lessons’ which highlight the main insights.

‘The second edition of Paul Belleflamme and Martin Peitz’s Industrial Organization: Markets and Strategies is encyclopedic in its coverage of modern industrial organization, including both seminal and new models. The authors present models with exactly the right level of formal detail to equip students and practitioners with what they need to understand a plethora of issues ranging from two-sided markets to price discrimination. I commend the authors for doing the impossible – improving their initial gem.’

Michael Baye, Bert Elwert Professor of Business Economics, Kelley School of Business, Indiana University

Contents: Preface to the second edition; Preface from the first edition; Part I. Getting Started: 1. What is ‘Markets and Strategies’?; 2. Firms, consumers and the market; Part II. Market Power: 3. Static imperfect competition; 4. Dynamic aspects of imperfect competition; Part III. Sources of Market Power: 5. Product differentiation; 6. Advertising and related market strategies; 7. Consumer inertia; Part IV. Pricing Strategies and Market Segmentation: 8. Group pricing and personalized pricing; 9. Menu pricing; 10. Intertemporal price discrimination; 11. Bundling; Part V. Product Quality and Information: 12. Asymmetric information, price and advertising signals; 13. Marketing tools for experience goods; Part VI. Theory of Competition Policy: 14. Cartels and tacit collusion; 15. Horizontal mergers; 16. Strategic incumbents and entry; 17. Vertically related markets; Part VII. R&D and Intellectual Property: 18. Innovation and R&D; 19. Intellectual property; Part VIII. Networks, Standards and Systems: 20. Markets with network goods; 21. Strategies for network goods; Part IX. Market Intermediation: 22. Markets with intermediated goods; 23. Information and reputation in intermediated product markets; Appendix A. Game theory; Appendix B. Competition policy; Solutions to end-of-chapter exercises; Index.

2015 246 x 189 mm 822pp 61 colour illus. 20 tables 66 exercises 978-1-107-06997-8 Hardback £99.99 / US$159.99 978-1-107-68789-9 Paperback £39.99 / US$79.99 For all formats available, see

www.cambridge.org/9781107069978

5

Textbook

Modern Economic Regulation An Introduction to Theory and Practice Christopher Decker University of Oxford

This book synthesises the vast literature on economic regulation into a coherent overview of regulatory theory and practice. ‘… a must-read for students and practitioners of economic regulation.

This book provides an excellent overview of the extensive literature covering the theory and practice of modern economic regulation of public utilities. It is written in a style which will be readily accessible to those new to the area. It highlights lessons learnt particularly from the experience of major economies which have introduced restructuring reforms.’

David Cousins, AM, Monash University

Contents: 1. Introduction; Part I: 2. The recurring question: why regulate utilities?; 3. Alternatives to traditional regulation; Part II: 4. Principles of regulation for core network activities; 5. Forms of price regulation; 6. Regulation in the presence of competition; Part III: 7. The institutions of regulation; 8. Electricity regulation; 9. Gas regulation; 10. Telecommunications regulation; 11. Water and wastewater regulation; 12. Conclusions; Cases and legislation: Europe, UK, USA, Australia and New Zealand; Bibliography; Index.

2014 247 x 174 mm 487pp 23 b/w illus.

978-1-107-02423-6 Hardback £94.99 / US$145.00 978-1-107-69906-9 Paperback £39.99 / US$54.99 For all formats available, see

www.cambridge.org/9781107024236

Building Technology Transfer within Research Universities An Entrepreneurial Approach Edited by Thomas J. Allen Massachusetts Institute of Technology

and Rory P. O’Shea Massachusetts Institute of Technology

Academic thought-leaders in the field of technology transfer analyze critically the factors behind success-oriented entrepreneurial start-up cultures on university campuses.

2014 228 x 152 mm 414pp 32 b/w illus. 42 tables 978-0-521-87653-7 Hardback £79.99 / US$125.00 For all formats available, see

www.cambridge.org/9780521876537

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6

Industrial economics / Finance The Innovative Entrepreneur

The Future of Financial Regulation

Daniel F. Spulber

Who Should Pay for the Failure of American and European Banks?

Johan A. Lybeck

Northwestern University, Illinois

This book presents an economic framework that addresses the motivation of the innovative entrepreneur.

2014 228 x 152 mm 380pp 24 b/w illus. 5 tables 978-1-107-04725-9 Hardback £84.99 / US$130.00 978-1-107-66811-9 Paperback £39.99 / US$54.99 For all formats available, see

www.cambridge.org/9781107047259

Finance Textbook

Corporate Strategy Tools for Analysis and DecisionMaking Phanish Puranam INSEAD, Singapore

and Bart Vanneste University College London

This concise textbook arms students and managers with the tools needed to make good decisions on corporate strategy issues and to perform sound analysis of the corporate strategy decisions of others. A rich companion website with downloadable tools, case materials and current examples from the media is also included.

Contents: Acknowledgements; Introduction: what this book is about and how to use it; Part I. Foundations: 1. Corporate advantage; 2. Synergies: benefits to collaboration; 3. Governance costs: impediments to collaboration; Part II. Decisions about Portfolio Composition: Increasing the Scope of the Corporation: 4. Diversification; 5. Ally or acquire?; 6. Organic or inorganic growth?; Part III. Decisions about Portfolio Composition: Reducing the Scope of the Corporation: 7. Refocusing; 8. Divestiture: stay or exit; 9. Outsourcing: make or buy; Part IV. Decisions about Portfolio Organization: 10. Designing the multi-business corporation; 11. Designing corporate headquarters; 12. Managing the M&A process; 13. Managing the alliance process; Index.

2016 228 x 152 mm 180pp 62 b/w illus. 28 tables 978-1-107-12091-4 Hardback £59.99 / US$94.99 978-1-107-54404-8 Paperback £29.99 / US$49.99 Publication February 2016 For all formats available, see

www.cambridge.org/9781107120914

Finanskonsult AB, Sweden

Johan A. Lybeck uses European and American case studies to review thirty bank resolutions from the last financial crisis and to outline the requirements for successful bank resolutions in the future. Via in-depth analysis of recent legislation, he emphasises the need for taxpayer-funded bailouts to create a viable banking system.

2016 228 x 152 mm 608pp 40 b/w illus. 25 tables 978-1-107-10685-7 Hardback £74.99 / US$125.00 978-1-107-51450-8 Paperback £32.99 / US$49.99 Publication January 2016

Financial Regulation A Transatlantic Perspective Edited by Ester Faia Goethe-Universität Frankfurt am Main

Andreas Hackethal Goethe-Universität Frankfurt am Main

Michael Haliassos Goethe-Universität Frankfurt am Main

and Katja Langenbucher Goethe-Universität Frankfurt am Main

Written with policy makers and practitioners in mind, this assessment of financial regulation in Europe highlights the conflicting priorities and complicated decisions involved in developing and implementing a new architecture in response to the recent financial crisis.

2015 228 x 152 mm 374pp 23 b/w illus. 3 tables 978-1-107-08426-1 Hardback £79.99 / US$125.00 For all formats available, see

www.cambridge.org/9781107084261

For all formats available, see

www.cambridge.org/9781107106857

Commodity Markets and the Global Economy Blake C. Clayton Citigroup and Council on Foreign Relations, New York

Blake Clayton, a Wall Street analyst and adjunct fellow at the Council on Foreign Relations, draws on the latest thinking from academia and the private sector to deliver a clear-eyed analysis of pressing questions at the intersection of commodity markets, natural resource economics, and public policy.

‘Through his experience in the academy, think-tanks, and leading private companies, Dr Blake Clayton is uniquely well-placed to make sense of the complex events of the recent past in the highly volatile commodity markets. Accordingly, if one wants an accessible, even-handed view of the myriad of competing forces that are shaping commodity markets, a reader will not be able to find a better book than Commodity Markets and the Global Economy.’

Hilary Till, Principal, Premia Capital Management, LLC, and Co-Editor, Intelligent Commodity Investing 2015 228 x 152 mm 200pp 55 b/w illus.

978-1-107-04251-3 Hardback £64.99 / US$99.99 978-1-107-61692-9 Paperback £21.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107042513

Textbook

Financial Markets and Institutions A European Perspective Third edition Jakob de Haan Rijksuniversiteit Groningen, The Netherlands

Sander Oosterloo Ministry of Finance, The Netherlands

and Dirk Schoenmaker Vrije Universiteit, Amsterdam

Written for undergraduate and graduate students of finance, economics and business, this successful textbook examines and explains financial markets, infrastructures and institutions from a European perspective. The third edition features greater discussion of the financial and Euro crises and provides wider international coverage of countries outside the European Union.

‘A quarter of a century ago, the European financial system consisted of segmented national markets and institutions. The process of creating a single unified system has made considerable progress but still has some way to go. This book provides an excellent account of why this process is important, the current situation, and how it will proceed in the future. It is very well suited for its target audience of advanced undergraduates and Masters students and will be useful to all those interested in the topic. I highly recommend it.’

Franklin Allen, Executive Director of the Brevan Howard Centre and Professor, Imperial College London

Finance Contents: Preface; Part I. Setting the Stage: 1. Functions of the financial system; 2. Financial crises; 3. European financial integration: origins and history; 4. Monetary policy of the European Central Bank; Part II. Financial Markets: 5. European financial markets; 6. The economics of financial integration; 7. Financial infrastructures; 8. Financial innovation; Part III. Financial Institutions: 9. The role of institutional investors; 10. European banks; 11. European insurers and financial conglomerates; Part IV. Policies for the Financial Sector: 12. Financial regulation and supervision; 13. Financial stability; 14. European competition policy; Index.

2015 247 x 174 mm 554pp 121 b/w illus. 57 tables 978-1-107-11999-4 Hardback £99.99 / US$159.99 978-1-107-53936-5 Paperback £39.99 / US$64.99 For all formats available, see

Productivity Accounting The Economics of Business Performance Emili Grifell-Tatjé Universitat Autònoma de Barcelona

and C. A. Knox Lovell University of Queensland

Productivity Accounting offers indepth analysis of variation in business performance, providing an analytical framework which accounts for causes and consequences.

2015 238 x 161 mm 408pp 50 b/w illus. 21 tables 978-0-521-88353-5 Hardback £65.00 / US$99.00 978-0-521-70987-3 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9780521883535

www.cambridge.org/9781107119994

King William’s Tontine Why the Retirement Annuity of the Future Should Resemble its Past Moshe Milevsky York University, Toronto

The book reviews the finance, economics, and history of tontines, through the story of the first tontine in England in 1693, which was intended to finance the war against France. Although tontines eventually disappeared from the financial landscape, the author argues they should be resurrected in the twenty-first century.

‘King William’s Tontine entertains and, by asking why retirees should not be paid handsomely for bearing a little actuarial risk, informs our response to the looming retirement crisis in a way that no other book does. It should be read – with pleasure – by anyone with a personal or policy interest in this vital area.’

William J. Bernstein, CFA Institute Book Reviews 2015 228 x 152 mm 274pp 15 b/w illus.

978-1-107-07612-9 Hardback £29.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107076129

The Economics of Derivatives T. V. Somanathan The World Bank

and V. Anantha Nageswaran

This book examines the beneficial and adverse effects of derivatives trading from economic theory and the recent economic history.

2015 234 x 156 mm 269pp 978-1-107-09150-4 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107091504

New in Paperback

Valuation and Risk Management in Energy Markets Glen Swindle Scoville Risk Partners

Valuation and Risk Management in Energy Markets surveys the mechanics of energy markets and the valuation of structures commonly arising in practice.

7

Highlight

Entertainment Industry Economics A Guide for Financial Analysis Ninth edition Harold L. Vogel

Fully updated, this ninth edition remains the definitive source on the economics of entertainment in the United States and overseas.

2015 228 x 152 mm 680pp 95 b/w illus. 73 tables 978-1-107-07529-0 Hardback £45.00 / US$70.00 For all formats available, see

www.cambridge.org/9781107075290

The Transformation of Islamic Law in Global Financial Markets Jonathan Ercanbrack School of Oriental and African Studies, University of London

This contextual analysis of Islamic financial law challenges our understanding of both Islamic law and global financial markets.

2015 228 x 152 mm 424pp 1 b/w illus.

978-1-107-06150-7 Hardback £80.00 / US$125.00 For all formats available, see

www.cambridge.org/9781107061507

The Rise of the Value-Added Tax Kathryn James Monash University, Victoria

This book explores how within less than 50 years the value-added tax (VAT) has risen to become one of the world’s most dominant revenue instruments. It combines policy and legal analysis to propose a new way of understanding this rise so as to better reflect the realities of the VATs that are actually implemented.

Cambridge Tax Law Series

2015 254 x 178 mm 498pp 258 b/w illus. 5 tables 978-1-107-53988-4 Paperback £27.99 / US$41.99

2015 228 x 152 mm 496pp 7 b/w illus. 18 tables 978-1-107-04412-8 Hardback £80.00 / US$125.00

Also available 978-1-107-03684-0 Hardback £84.99 / US$120.00

For all formats available, see

www.cambridge.org/9781107044128

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eBooks available at www.cambridge.org/ebookstore

8

Finance / International economics Predictive Modeling Applications in Actuarial Science Volume 1: Predictive Modeling Techniques Edited by Edward W. Frees

2015 228 x 152 mm 298pp 7 b/w illus. 23 tables 978-1-107-12094-5 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107120945

University of Wisconsin, Madison

Richard A. Derrig Temple University, Philadelphia

and Glenn Meyers ISO Innovative Analytics, New Jersey

This book is for actuaries and financial analysts developing their expertise in statistics and who wish to become familiar with concrete examples of predictive modeling.

International Series on Actuarial Science

2014 247 x 174 mm 563pp 120 b/w illus. 94 tables 26 exercises 978-1-107-02987-3 Hardback £50.00 / US$85.00 For all formats available, see

www.cambridge.org/9781107029873

International economics Power and Global Economic Institutions Ayse Kaya Swarthmore College, Pennsylvania

Major shifts in economic power, marked by the rise of the BRICS, have recently affected key multilateral economic institutions, such as the International Monetary Fund. Ayse Kaya advances a novel approach to understanding the relationship between states’ economic power and their formal political power in multilateral economic institutions.

‘This ambitious study opens up the black box of how power and institutions interact in the rapidly changing post-Crisis world of global economic governance. Kaya exposes the tensions between the formal and informal faces of power in the struggle to influence both rules and outcomes across the World Bank, the IMF, and the emerging G20 process.

Her analysis tells us that where the ‘declining old’ might prove too slow in ceding their formal institutional prerogatives, the ‘rising new’ may up the ante and take the game elsewhere to new forums. Global governance thus becomes less predictable and institutions less effective at adapting to the need for change. In short, Kaya’s analysis shows us how familiar institutions remain a potentially fragile part of an increasingly fragile world order. A ‘must’ for scholars and students alike.’

Geoffrey Underhill, University of Amsterdam

Sustainable Public Procurement under EU Law New Perspectives on the State as Stakeholder Edited by Beate Sjåfjell Universitetet i Oslo

and Anja Wiesbrock Research Council of Norway

This book examines the new EU provisions on sustainable public procurement including life cycle costing, eco- and fairtrade labels, the link to the subject matter requirement, and the mandatory environmental and social legal compliance rule. Challenges and possibilities for national implementation are analysed and implications for business, including SMEs, are also discussed.

2015 228 x 152 mm 268pp 3 b/w illus.

978-1-107-12964-1 Hardback £69.99 / US$110.00 For all formats available, see

www.cambridge.org/9781107129641

Interpreting WTO Agreements Problems and Perspectives Second edition Asif H. Qureshi Korea University, Seoul

This second edition identifies the problems of interpreting WTO agreements, addressing the legislative developments and updating the case law.

2015 228 x 152 mm 476pp 1 table 978-1-107-04329-9 Hardback £80.00 / US$130.00 For all formats available, see

www.cambridge.org/9781107043299

Japan’s Economic Planning and Mobilization in Wartime, 1930s–1940s The Competence of the State Yoshiro Miwa Osaka Gakuin University, Japan

Miwa analyzes how the Japanese government prepared itself for the Second World War and the war with China preceding it.

2015 228 x 152 mm 482pp 3 b/w illus. 9 tables 978-1-107-02650-6 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107026506

Trade Cooperation The Purpose, Design and Effects of Preferential Trade Agreements Edited by Andreas Dür Universität Salzburg

and Manfred Elsig Universität Bern, Switzerland

This unique collection of original essays describes preferential trade agreements, explains why they have spread and explores their effects.

2015 228 x 152 mm 628pp 52 b/w illus. 59 tables 978-1-107-08387-5 Hardback £75.00 / US$120.00 For all formats available, see

www.cambridge.org/9781107083875

Export Restrictions on Critical Minerals and Metals Testing the Adequacy of WTO Disciplines Ilaria Espa World Trade Institute, University of Bern

Foreword by Giorgio Sacerdoti Università Commerciale Luigi Bocconi, Milan

Ilaria Espa analyses the scope and coverage of WTO disciplines on export restrictions in light of emerging case law. She investigates whether such rules still provide an effective framework that is capable of preventing abuses in the use of export restrictive measures on critical minerals and metals.

Cambridge International Trade and Economic Law, 19

2015 228 x 152 mm 404pp 1 b/w illus. 1 table 978-1-107-08596-1 Hardback £79.99 / US$125.00 For all formats available, see

www.cambridge.org/9781107085961

International economics / Labour economics / Macroeconomics and monetary economics The New Entrants Problem in International Fisheries Law Andrew Serdy University of Southampton

Is international fisheries law inevitably moving towards a property-rights regime? Despite RFMOs already perceptibly adopting this approach, they are ambivalent about it and its consequences remain underanalysed.

In this book, Andrew Serdy explores the implications revealed by the practice of fishing States and RFMOs and suggests ways forward.

Cambridge Studies in International and Comparative Law, 111

2015 228 x 152 mm 446pp 2 b/w illus.

978-1-107-00156-5 Hardback £80.00 / US$135.00 Publication December 2015 For all formats available, see

A Way Forward Stefano Inama and Edmund W. Sim Appleton Luff, Singapore

2016 253 x 177 mm 360pp 108 b/w illus. 25 tables 978-1-107-14522-1 Hardback c. £65.00 / c. US$120.00

2016 216 x 138 mm 234pp 5 b/w illus. 5 tables 978-1-107-59073-1 Paperback £29.99 / US$49.99

978-1-316-50867-1 Paperback c. £39.99 / c. US$69.99

Publication January 2016

Publication April 2016

For all formats available, see

For all formats available, see

www.cambridge.org/9781107590731

Labour economics Inside China’s Automobile Factories The Politics of Labor and Worker Resistance Lu Zhang Temple University, Philadelphia

Lu Zhang explains how labor relations in the auto industry and broader social economy can be expected to develop in China in the coming decades.

Distinguished Scholarly Book Award, Section on Labor and Labor Movement, American Sociological Association 2015 – Honourable mention

Provides the first in-depth exploration of rules of origin in ASEAN’s trade agreements, insightful to practitioners, policymakers and businesses.

2014 228 x 152 mm 258pp 26 b/w illus. 1 map 22 tables 978-1-107-03085-5 Hardback £60.00 / US$95.00

Integration through Law: The Role of Law and the Rule of Law in ASEAN Integration, 1

www.cambridge.org/9781107030855

2015 218 x 138 mm 436pp 7 tables 978-1-107-47244-0 Paperback £39.99 / US$59.99 For all formats available, see

www.cambridge.org/9781107472440

The ASEAN Economic Community A Conceptual Approach Jacques Pelkmans Centre for European Policy Studies (CEPS), Brussels

The Association of Southeast Asian Nations (ASEAN) is building a single market and production base called the ASEAN Economic Community (AEC), in order to fully integrate itself into the global economy. This book discusses the economic importance and intricacies of

For all formats available, see

Macroeconomics and monetary economics

www.cambridge.org/9781107145221

Highlight

Teaching Macroeconomics with Microsoft Excel® Humberto Barreto DePauw University, Indiana

Humberto Barreto gives professors a simple way to teach macroeconomic models and incorporate data into their courses using Microsoft Excel® with free files and videos linked to the book.

The files can be used by students with any textbook, and the short narrated videos walk the student through each task.

PRAISE FOR

Modeling Monetary Economies: Third Edition

“Theory that encourages careful thinking. Applications that demonstrate relevance. All delivered in an easy yet rigorous manner. An essential text for any course in money and banking.” – David Andolfatto, Federal Reserve Bank of St. Louis “This is simply the best book on monetary theory with which I am familiar. I cannot emphasize strongly enough how this book belongs in the curriculum of advanced undergraduates. There is no acceptable alternative. Former students have told me that the best favor that they did for themselves, before going to graduate school in economics, was reading the earlier version of Champ and Freeman, cover to cover. In a better world, this would be the standard undergraduate macro text. The ideal course is based on Champ and Freeman, and on Russell W. Cooper, Coordination Games: Complementaries and Macroeconomics, Cambridge University Press, 1999. If you cannot do this for your intermediate students, do it for your advanced students.”

– John Bryant, Rice University and CentER, Tilburg University “This text is ingenious in the simplicity with which it is able to explain monetary phenomena while at the same time maintaining rigor. I taught out of earlier editions several times in undergraduate and MBA classes. With the addition of new topical material, the text can only be even better.”

– Finn E. Kydland, 2004 Nobel Prize in Economics; University of California, Santa Barbara

Advance praise: ‘For professors, this text is a wonderful complement to an intermediate macro course. Using Excel in class really brings the material to life, and using Excel in assignments helps to build [students’] economic intuition while giving them a marketable skill. And the material can be used piecemeal – you can pick and choose which bits to put in your course. All macro teachers should think seriously about bringing this approach into the classroom.’

“I have taught both undergraduates and MBAs with both previous editions of this book and found them to be wonderful texts. Both my students and I appreciated the books’ clear presentations. They are clear because they are rigorous and avoid the ‘implicit theorizing’ that can mystify undergraduates and MBAs.” – Thomas Sargent, New York University “Champ, Freeman, and Haslag’s Modeling Monetary Economies is an excellent tool for teaching monetary economics to undergraduate students. The authors use a coherent and simple framework that can be addressed to a host of key issues in money, credit, and banking.”

– Stephen Williamson, Washington University in St. Louis Bruce Champ is Senior Research Economist at the Federal Reserve Bank of Cleveland.

Scott Freeman was a Professor of Economics at the University of Texas, Austin.

Joseph Haslag is Professor and Kenneth Lay Chair in Economics at the University of Missouri, Columbia.

Fourth Edition

UNCTAD, Geneva, Switzerland

Integration through Law: The Role of Law and the Rule of Law in ASEAN Integration, 11

Modeling Monetary Economies

Rules of Origin in ASEAN

banking, and crises in complex modern economies.

Champ Freeman Haslag

www.cambridge.org/9781107001565

the AEC and how the AEC will affect global businesses and policy makers.

9

Modeling Monetary Economies Fourth Edition

Bruce Champ Scott Freeman Joseph Haslag

Sean Brocklebank, University of Edinburgh 2016 253 x 177 mm 200pp 28 b/w illus.

978-1-107-58498-3 Paperback c. £19.99 / c. US$29.99 Publication May 2016 For all formats available, see

www.cambridge.org/9781107584983

Textbook

Modeling Monetary Economies Fourth edition Bruce Champ Scott Freeman and Joseph Haslag University of Missouri, Columbia

Designed to be used in advanced undergraduate or master’s courses in monetary economics, money and banking, international economics, or macroeconomics, this new edition builds on a simple, clear monetary model and applies this framework consistently to explain trade, finance, modern

A History of Macroeconomics from Keynes to Lucas and Beyond Michel De Vroey University catholique de Leuven, Belgium

This book retraces the history of macroeconomics from Keynes’s General Theory to the present, especially the contrast between a Keynesian era and a Lucasian – or dynamic stochastic general equilibrium (DSGE) – era. It also examines a few selected works aimed

Visit our website at www.cambridge.org/academic

10

Macroeconomics and monetary economics at presenting alternatives to Lucasian macroeconomics.

Advance praise: ‘Michel De Vroey does not simply record what he finds. He has a vision of the kind of macroeconomics he would like to see, perhaps one he developed gradually over the years he has worked on this book. What makes this book enjoyable is that he has high hopes for economics, he flatters us that we are important, and he praises the progress we have achieved. In the end he has the integrity not to hide his disappointments, his conviction that while there is no turning back, there is still a long way to go.’

Robert E. Lucas, Jr, John Dewey Distinguished Service Professor in Economics, University of Chicago 2015 228 x 152 mm 480pp 35 b/w illus.

978-0-521-89843-0 Hardback £89.99 / US$140.00 978-1-107-58494-5 Paperback £31.99 / US$49.99 Publication December 2015 For all formats available, see

www.cambridge.org/9780521898430

The Political Economy of Predation Manhunting and the Economics of Escape Mehrdad Vahabi Université de Paris VIII and Centre d’Economie de la Sorbonne

Conflict theory presents a growing interest in understanding the economic costs and benefits of conflicts. Mehrdad Vahabi analyses conflict theory through one type of conflict in particular: manhunting, or predation, in which a dominant power hunts down prey, and the goal of the prey is to escape and thus survive.

Advance praise: ‘Standard economics has long assumed a society of free, contracting individuals with equal legal rights.

Power and authority are understood in contractual terms. In his most powerful statement to date, Mehrdad Vahabi challenges all that. Violence and subjugation are brought back into the picture. We are forced to rethink everything.’

Geoffrey M. Hodgson, University of Hertfordshire 2015 228 x 152 mm 430pp 11 b/w illus. 35 tables 978-1-107-13397-6 Hardback £79.99 / US$125.00 Publication December 2015 For all formats available, see

www.cambridge.org/9781107133976

Highlight

The Euro Experiment Paul Wallace The Economist

Written by a leading commentator on the economics of the European Union, this book provides a clear and analytical guide to the euro experiment and the subsequent crisis. It is written in a balanced way that is neither pro-euro nor euro-sceptic and will appeal to a wide readership.

‘This excellent book provides a convincing analysis of the euro crisis, examining six distinct facets of it, of which deeply flawed governance is adjudged to have been the most damaging. It is very well researched, well documented and has clearly benefited from the author’s proximity to the action throughout the many twists and turns. A particular strength of the book is that, unlike the analyses of so many mainstream economists (especially those of an Anglo-Saxon persuasion), it explains the complicated political economy challenges behind the crisis.’

Iain Begg, Professorial Research Fellow, European Institute, London School of Economics and Political Science 2015 228 x 152 mm 353pp 15 b/w illus. 2 tables 978-1-107-10489-1 Hardback £24.99 / US$39.99

probabilities; Part III. Portfolio Restrictions: 6. Portfolio restrictions; 7. Valuation under portfolio restrictions; Part IV. Risk: 8. Expected utility; 9. Risk aversion; 10. Risk; Part V. Optimal Portfolios: 11. Optimal portfolios with one risky security; 12. Comparative statics of optimal portfolios; 13. Optimal portfolios with several risky securities; Part VI. Equilibrium Prices and Allocations: 14. Consumptionbased security pricing; 15. Complete markets and Pareto-optimal allocations of risk; 16. Optimality in incomplete markets; Part VII. Mean-Variance Analysis: 17. The expectations and pricing kernels; 18. The mean-variance frontier payoffs; 19. Capital asset pricing model; 20. Factor pricing; Part VIII. Multidate Security Markets: 21. Equilibrium in multidate security markets; 22. Multidate arbitrage and positivity; 23. Dynamically complete markets; 24. Valuation; Part IX. Martingale Property of Security Prices: 25. Event prices, risk-neutral probabilities, and the pricing kernel; 26. Martingale property of gains; 27. Conditional consumption-based security pricing; 28. Conditional beta pricing and the CAPM; Part X. Infinite-Time Security Markets: 29. Equilibrium in infinite-time security markets; 30. Arbitrage, valuation, and price bubbles; 31. Arrow–Debreu equilibrium in infinite time.

2014 253 x 177 mm 370pp 19 b/w illus.

978-1-107-02412-0 Hardback £69.99 / US$120.00 978-1-107-67302-1 Paperback £29.99 / US$54.99

For all formats available, see

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Textbook

Principles of Financial Economics Second edition Stephen F. LeRoy University of California, Santa Barbara

and Jan Werner University of Minnesota

This second edition includes new chapters on infinite-time security markets and more focus on portfolio choice and risk allocations.

‘With this new edition, LeRoy and Werner have solidified the standing of their Principles of Financial Economics as the ideal introduction to neoclassical asset pricing models.

The coverage is authoritative, rigorous, elegant, and now even more comprehensive.’

Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University

Contents: Preface; Part I. Equilibrium and Arbitrage: 1. Equilibrium in security markets; 2. Linear pricing; 3. Arbitrage and positive pricing; Part II. Valuation: 4. Valuation; 5. State prices and risk-neutral

Expansionary Fiscal Contraction The Thatcher Government’s 1981 Budget in Perspective Edited by Duncan Needham University of Cambridge

and Anthony Hotson University of Cambridge

This unique collection recasts a critical episode in post-war British economic history with profound implications for today’s policy makers.

2014 228 x 152 mm 251pp 9 b/w illus. 10 tables 978-1-107-04293-3 Hardback £69.99 / US$110.00 For all formats available, see

www.cambridge.org/9781107042933

Macroeconomics and monetary economics Bilateral and Regional Trade Agreements

Bilateral and Regional Trade Agreements

Second edition Edited by Simon Lester

Case Studies Volume 2 Second edition Edited by Simon Lester

worldtradelaw.net and The Cato Institute

Bryan Mercurio The Chinese University of Hong Kong

and Lorand Bartels University of Cambridge

Aimed primarily at law professors, graduate students, lawyers and government officials working in international trade law, this two-volume set illustrates and analyses recent trends and innovations in bilateral and regional trade agreements.

Bilateral and Regional Trade Agreements

2016 247 x 174 mm 700pp 8 b/w illus.

978-1-107-06381-5 2 Volume Hardback Set £175.00 / US$280.00 Publication January 2016 For all formats available, see

www.cambridge.org/9781107063815

worldtradelaw.net and The Cato Institute

Bryan Mercurio The Chinese University of Hong Kong

and Lorand Bartels University of Cambridge

Aimed primarily at law professors, graduate students, lawyers and government officials working in international trade law, this second edition provides an up-to-date and detailed overview of trends and innovations in bilateral and regional trade agreements.

Bilateral and Regional Trade Agreements

2016 247 x 174 mm 200pp 978-1-107-06376-1 Hardback £89.99 / US$145.00 Publication January 2016

Bilateral and Regional Trade Agreements Commentary and Analysis Volume 1 Second edition Edited by Simon Lester worldtradelaw.net and The Cato Institute

Bryan Mercurio The Chinese University of Hong Kong

and Lorand Bartels University of Cambridge

Aimed primarily at law professors, graduate students, lawyers and government officials working in international trade law, this second edition provides an up-to-date and detailed overview of trends and innovations in bilateral and regional trade agreements.

For all formats available, see

www.cambridge.org/9781107063761

The UK Economy in the Long Expansion and its Aftermath Edited by Jagjit Chadha University of Kent, Canterbury

Alec Crystal Cass Business School

Joseph Pearlman City University London

Peter Smith University of York

and Stephen Wright Birkbeck, University of London

Publication January 2016

Not enough attention has been paid to the long business cycle expansion that started in 1992 and provided an exceptional period of macroeconomic stability in the UK. This book brings together senior macroeconomists to look at what policy-making lessons can be learned from this period of expansion.

For all formats available, see

Macroeconomic Policy Making

Bilateral and Regional Trade Agreements

2016 247 x 174 mm 496pp 8 b/w illus.

978-1-107-06390-7 Hardback £110.00 / US$175.00

www.cambridge.org/9781107063907

The Federal Reserve’s Role in the Global Economy A Historical Perspective Edited by Michael D. Bordo Rutgers University, New Jersey

and Mark A. Wynne Federal Reserve Bank of Dallas

Based on a conference held as part of the US Federal Reserve System’s centennial, this book critically evaluates the role of the Federal Reserve System in the international monetary system over the past one hundred years and looks ahead to the challenges it will face under the twenty-first-century fiat standard.

Advance praise: ‘This impressive volume brings together many of the leading lights of monetary history to consider the Fed’s shifting role in the global monetary system and its implications.

It is required reading for anyone with an interest in macroeconomics, international economics, or the financial aspects of international relations.’

Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University Studies in Macroeconomic History

2016 228 x 152 mm 265pp 27 b/w illus.

978-1-107-14144-5 Hardback £69.99 / US$110.00 Publication February 2016 For all formats available, see

www.cambridge.org/9781107141445

Current Federal Reserve Policy Under the Lens of Economic History Essays to Commemorate the Federal Reserve System’s Centennial Edited by Owen F. Humpage Federal Reserve Bank of Cleveland

2016 228 x 152 mm 450pp 99 b/w illus. 47 tables 978-1-107-14759-1 Hardback c. £79.99 / c. US$125.00

A retrospective on the Federal Reserve, these essays by leading historians and economists investigate how financial infrastructure shapes economic outcomes.

Publication April 2016

Studies in Macroeconomic History

For all formats available, see

2015 228 x 152 mm 410pp 58 b/w illus.

978-1-107-09909-8 Hardback £70.00 / US$110.00

www.cambridge.org/9781107147591

11

For all formats available, see

www.cambridge.org/9781107099098

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12

Natural resource and environmental economics

Natural resource and environmental economics Climate Change, Capitalism, and Corporations Processes of Creative SelfDestruction Christopher Wright University of Sydney

and Daniel Nyberg University of Newcastle, New South Wales

This book explores the complex relationship that the corporate world has with climate change and examines the different ways that corporations engage with the climate crisis. Topics include climate change as business risk; corporate climate politics; the role of justification and compromise; managerial identity and emotional reactions to climate change.

‘This book makes clear that climate change is not a ‘problem’ for which there can be a ‘solution’. It requires a re-examination of the core structures of our society, and in particular our economy. Using solid research and analysis, Christopher Wright and Daniel Nyberg untangle the complex and multiple ways that corporations are shaping humanity’s response to the climate crisis, ways that are unfortunately inadequate to the challenge at hand. In this engaging text, we are challenged to envision alternative futures that will, indeed they must, challenge how we think, who we are, and how we relate to each other and to the natural world around us.’

Andrew J. Hoffman, Holcim (US) Professor and Director of the Erb Institute for Sustainable Enterprise, University of Michigan 2015 228 x 152 mm 265pp 5 b/w illus. 9 tables 978-1-107-07822-2 Hardback £69.99 / US$99.99 978-1-107-43513-1 Paperback £21.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107078222

Highlight

Curtin University, Perth

for climate policy decision-makers: in the end, the actual performance of greenhouse gas mitigation policy instruments counts, not their theoretical beauty.’

and Marian Radetzki

Axel Michaelowa, University of Zurich

The Price of Oil Roberto F. Aguilera Luleå Tekniska Universitet, Sweden

Written for a broad readership, this book provides an in-depth examination of oil’s extraordinary price increase over the past few decades. The authors explain why we are at a turning point where scarcity, uncertain supply and high prices will be replaced by abundance, undisturbed availability and suppressed price levels.

‘This cheerfully iconoclastic analysis of the past, present and future of the petroleum industry makes a compelling read. Whilst some of its conclusions will be undoubtedly challenged as contradicting the conventional wisdom, it carefully sets out their underlying logic and assumptions. That applies as much to the first part that anatomises the behaviour of crude oil prices over the past forty years as to the subsequent discussion of the shale oil revolution and its implications. Although the authors’ own views of the future are clear they are careful to stress the uncertainties and are at pains to provide a range of possible futures.

The book should be required reading not just for specialists but for all those involved with the petroleum industry and energy policy, however tangentially.’

Phillip Crowson, Honorary Professor and Professorial Research Fellow, Centre for Energy, Petroleum and Mineral Law and Policy, University of Dundee 2015 228 x 152 mm 252pp 18 b/w illus. 18 tables 978-1-107-11001-4 Hardback £69.99 / US$120.00 978-1-107-52562-7 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107110014

Transforming Energy Solving Climate Change with Technology Policy Anthony Patt ETH, Zurich

We need to stop burning fossil fuels in order to halt human-induced climate change. Most experts tell us we need carbon taxes, globally binding treaties and lifestyle changes. This book explains why these experts are wrong, and examines the technology innovation policies that are already working to transform our energy use.

‘Anthony Patt challenges the received wisdom of climate policy head on … his book serves as wake up call

2015 234 x 156 mm 360pp 14 b/w illus. 1 table 978-1-107-02406-9 Hardback £54.99 / US$79.99 978-1-107-61497-0 Paperback £19.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107024069

The Adaptive Challenge of Climate Change Edited by Karen O’Brien Universitetet i Oslo

and Elin Selboe Universitetet i Oslo

This book presents a new perspective on climate change adaptation, approaching it as an adaptive challenge that is fundamentally linked to beliefs, values and worldviews, and to power, politics, identities and interests. It will be of interest to researchers and policy makers in the environmental sciences, social sciences and humanities.

2015 253 x 177 mm 346pp 18 b/w illus. 18 tables 978-1-107-02298-0 Hardback £79.99 / US$120.00 For all formats available, see

www.cambridge.org/9781107022980

The Global Coal Market Supplying the Major Fuel for Emerging Economies Edited by Mark C. Thurber Stanford University, California

and Richard K. Morse Stanford University, California

Written for scholars and practitioners, this book examines the key producers and consumers that will most influence the production, transport and use of coal in the future. A series of country case studies shed light on how the global coal market may evolve, and the associated economic and environmental implications.

2015 228 x 152 mm 724pp 125 b/w illus. 80 tables 978-1-107-09242-6 Hardback £99.99 / US$155.00 For all formats available, see

www.cambridge.org/9781107092426

Natural resource and environmental economics Driven by Demand

Accounting for Carbon

Ecosystem Services

How Energy Gets its Power Jimmy Y. Jia

Monitoring, Reporting and Verifying Emissions in the Climate Economy Edited by Valentin Bellassen

From Concept to Practice Edited by Jetske A. Bouma

Pinchot University

and Jason Crabtree

A must-read for business executives, policymakers and MBA students who need to understand the impact of energy demand. Driven by Demand reframes the discussion around societal demand for energy and draws on case studies to provide an accessible introduction to the key events, challenges and developing trends of energy requirements.

‘This is a brilliant, wide-ranging book about energy that explains in clear and compelling terms ‘how we got here’, the critical challenges facing our planet’s citizens, and what to do about them. It should be on the top of the stack for policymakers involved in energy, defense, or infrastructure issues.’

David E. Johnson, RAND Corporation

CDC Climat, Paris

and Nicolas Stephan

An authoritative overview of the requirements and costs of monitoring, reporting and verifying emissions from industry to regional and national levels.

Draws on a range of interdisciplinary perspectives to provide a framework for translating concepts into ecosystemrelated decision-making and practice.

2015 228 x 152 mm 564pp 42 b/w illus. 1 map 76 tables 978-1-107-09848-0 Hardback £75.00 / US$120.00

2015 247 x 174 mm 274pp 56 b/w illus. 6 colour illus. 10 tables 978-1-107-06288-7 Hardback £40.00 / US$75.00

For all formats available, see

For all formats available, see

Climate, Energy and Water Managing Trade-offs, Seizing Opportunities Edited by Jamie Pittock Australian National University, Canberra

978-1-107-50710-4 Paperback £21.99 / US$34.99

Australian National University, Canberra

www.cambridge.org/9781107104662

Electricity Restructuring in the United States Markets and Policy from the 1978 Energy Act to the Present Steve Isser

Karen Hussey Australian National University, Canberra

and Stephen Dovers

A comprehensive and up-to-date analysis of the climate-energy-water nexus for advanced students, researchers and policymakers in environmental policy and science.

2015 253 x 177 mm 352pp 51 b/w illus. 28 tables 978-1-107-02916-3 Hardback £45.00 / US$79.99 For all formats available, see

www.cambridge.org/9781107029163

Energy Law & Economics, Inc.

Steve Isser provides a generalist history of electricity policy from the 1978 Energy Policy Act to the present, covering the economic, legal, regulatory, and political issues and controversies in the transition from regulated utilities to competitive electricity markets.

‘This authoritative book is full of detail but also presents the broad sweep of events over the last twentyfive years. It is a multidisciplinary tour de force, showing how a mix of technical, economic, legal and political factors contributed both to the decisions made and to their results.’

Richard Green, Imperial College Business School, London 2015 228 x 152 mm 526pp 5 b/w illus.

978-1-107-10078-7 Hardback £80.00 / US$125.00 For all formats available, see

www.cambridge.org/9781107100787

and Pieter J. H. van Beukering Vrije Universiteit, Amsterdam

2015 228 x 152 mm 398pp 40 b/w illus. 28 tables 978-1-107-10466-2 Hardback £59.99 / US$94.99

For all formats available, see

Vrije Universiteit, Amsterdam and the Netherlands Environmental Assessment Agency (PBL)

CDC Climat, Paris

www.cambridge.org/9781107098480

13

www.cambridge.org/9781107062887

Highlight

The Economics and Uncertainties of Nuclear Power François Lévêque Ecole des mines de Paris

An in-depth and balanced economic analysis of the costs, hazards, regulation and politics of nuclear power.

A Choice Outstanding Academic Title 2015 2014 228 x 152 mm 349pp 3 b/w illus.

978-1-107-08728-6 Hardback £35.00 / US$55.00 For all formats available, see

www.cambridge.org/9781107087286

Transforming U.S. Energy Innovation Edited by Laura Diaz Anadon

Inclusive Wealth Report 2014

John F. Kennedy School of Government, Harvard University

Measuring Progress Towards Sustainability Edited by United Nations University International Human Dimensions Programme and United Nations Environment Programme

John F. Kennedy School of Government, Harvard University

The second book in an important biennial series that provides a new framework for measuring the inclusive wealth of nations.

2015 280 x 220 mm 362pp 50 colour illus. 17 tables 978-1-107-10962-9 Hardback £64.99 / US$130.00 978-1-107-52400-2 Paperback £31.99 / US$59.99

Matthew Bunn and Venkatesh Narayanamurti John F. Kennedy School of Government, School of Engineering and Applied Sciences and Department of Physics, Harvard University

This is an analytical assessment of how the government can accelerate development and deployment of energy technologies, for researchers and policy makers.

2014 253 x 177 mm 247pp 32 b/w illus. 12 tables 978-1-107-04371-8 Hardback £60.00 / US$90.00 For all formats available, see

www.cambridge.org/9781107043718

For all formats available, see

www.cambridge.org/9781107109629

eBooks available at www.cambridge.org/ebookstore

14

Natural resource and environmental economics / Economic development and growth Innovations in Sustainability Fuel and Food Alfred A. Marcus University of Minnesota

This insightful book uses a series of high-profile company case studies to focus on two major challenges for sustainable innovation: fuel and food.

It will appeal to graduate students and researchers in the fields of sustainable business, strategic management, business ethics and environmental economics.

‘Innovations in Sustainability covers an enormous amount of ground. … It makes fascinating reading and represents an original and much needed contribution to our understanding of the challenges facing sustainable innovations.’

David Vogel, University of California, Berkeley Organizations and the Natural Environment

2015 228 x 152 mm 379pp 1 b/w illus. 58 tables 978-1-107-07279-4 Hardback £64.99 / US$105.00 978-1-107-42111-0 Paperback £23.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107072794

Economic development and growth The World Economy Growth or Stagnation?

Edited by Dale W. Jorgenson Harvard University, Massachusetts

Kyoji Fukao Hitotsubashi University, Tokyo

and Marcel P. Timmer Rijksuniversiteit Groningen, The Netherlands

With contributions from some of the world’s leading growth theorists, this is the first book to analyse the process of structural change and productivity growth in Asia, Europe, Latin America and the USA from a long-term comparative perspective. It is an essential reference for academics and professionals interested in economic growth.

2016 228 x 152 mm 500pp 102 b/w illus. 69 tables 978-1-107-14334-0 Hardback c. £89.99 / c. US$140.00 Publication June 2016 For all formats available, see

www.cambridge.org/9781107143340

Economic Growth A Unified Approach Second edition Olivier de La Grandville Frankfurt University and Stanford University, California

The second edition of this user-friendly book provides a clear and original introduction to the theory of economic growth. The book has been fully updated to incorporate several important new results and proofs, and offers a new solution to the fundamental question: how much should a nation save and invest?

2016 247 x 174 mm 450pp 145 b/w illus. 32 tables 978-1-107-11523-1 Hardback c. £99.99 / c. US$149.99 978-1-107-53560-2 Paperback c. £36.99 / c. US$59.99 Publication April 2016 For all formats available, see

www.cambridge.org/9781107115231

development; 6. Health, healthcare and development; 7. Education and development; 8. Economic development, structural change and industrialisation; 9. Industrial development; 10. Agricultural development and rural development; 11. State formation and political aspects of development; 12. Cultural and institutional dimensions of development; 13. The international economic and political order since 1945; 14. Foreign aid and development; References; Author index; Subject index.

2015 246 x 189 mm 791pp 24 b/w illus. 77 tables 978-1-107-04595-8 Hardback £94.99 / US$149.99 978-1-107-62449-8 Paperback £44.99 / US$69.99 For all formats available, see

www.cambridge.org/9781107045958

Microfinance, Rights and Global Justice Edited by Tom Sorell University of Warwick

Textbook

Socio-Economic Development Second edition Adam Szirmai Universiteit Maastricht, Netherlands

This thoroughly updated textbook provides a non-technical introduction to the dynamics of socio-economic development and stagnation. Taking a long-term comparative approach and placing contemporary debates within their broader contexts, Szirmai examines the historical, institutional, demographic, sociological, political and cultural factors of development. Chapters include comparative statistics for thirty-one developing countries.

‘Professor Szirmai’s fully revised edition of Socio-Economic Development is a tour de force.

Grounded in economic history, it elegantly combines and integrates the modern development economics literature, careful empirical analysis, and illuminating country studies. Any serious student of long-run economic development, from the first-timer to those with decades of immersion in the subject, will want to have a copy of this encyclopedic yet accessible volume.’

Hal Hill, H. W. Arndt Professor of Southeast Asian Economies, Australian National University

Contents: Preface; Acknowledgements; List of acronyms and abbreviations; 1. Developing countries and the concept of development; 2. Development of the international economic order, 1450–2015; 3. Growth and stagnation: theories and experiences; 4. Technology and development; 5. Population and

and Luis Cabrera Griffith University, Queensland

Microfinance in the form of small loans to promote entrepreneurial activity is increasingly seen as a sustainable means of aiding the global poor. This book examines the ethical issues arising from microfinance practices, including important questions about exploitation, human rights, and efforts to promote global justice.

‘Discussed in this volume are important moral issues arising with the spread of microfinance as a poverty alleviation tool. The authors debate whether there is a human right to microfinance and, if so, whether this is a new human right or a conceptual expansion of conventional ones. These debates are especially useful because they closely examine the actual practice of microfinance: whether interest rates are excessive, for instance, and whether indefensible pressure is put on participants in group finance schemes. The volume’s rigorous and empirically informed normative analyses are important for scholars and students focused on severe poverty, development practice and global justice.’

Thomas Pogge, Yale University 2015 228 x 152 mm 212pp 2 b/w illus. 4 tables 978-1-107-11097-7 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107110977

Economic development and growth Labour, Employment and Economic Growth in India Edited by K. V. Ramaswamy Indira Gandhi Institute of Development Research, Bombay

This volume examines India’s development experience in the sphere of labour, employment, structural change and institutional challenges in the recent past. It covers the recent patterns of change, between and within sectors over time that challenges popular beliefs and understanding of employment growth in India.

2015 228 x 152 mm 339pp 978-1-107-09680-6 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107096806

Reviving Growth in India Edited by Pradeep Agrawal Institute of Economic Growth, Delhi

This book examines various factors responsible for sustaining industrial growth in India. The study includes different sectors of the Indian economy – innovations in expanding market size, the need for quality infrastructure, productive employment generation, the financial structure of firms in the private corporate sector, and internal issues such as infrastructure development and institution building.

2015 241 x 160 mm 416pp 978-1-107-09033-0 Hardback £79.99 / US$125.00 For all formats available, see

www.cambridge.org/9781107090330

The G20 Development Agenda An Indian Perspective Edited by Parthasarathi Shome Government of India

This book, divided into three sections, focuses on major development themes in the G20’s agenda, in the provision of global public goods including recycling global savings for development and financing investment in global food and energy security, green growth and environmental sustainability.

2015 241 x 160 mm 326pp 978-1-107-09152-8 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107091528

New in Paperback

The Long Process of Development Building Markets and States in Pre-industrial England, Spain and their Colonies Jerry F. Hough Duke University, North Carolina

and Robin Grier University of Oklahoma

This groundbreaking book examines England and Spain’s history from 1000 to 1800 and the legacy of these countries in the United States and Mexico to explain why development takes centuries. It emphasizes the need for an effective state and is an indispensable supplement to books that focus on representative institutions.

‘To better to understand today’s developing world, Hough and Grier turn to history. Argument after argument, point after point, they demonstrate the benefits of doing so. This study adds to the legacy of North, Olson, Acemoglu and Robinson, all of whom have turned to the study of political history in an effort to comprehend the economics of development.’

Robert Bates, Eaton Professor of the Science of Government, Harvard University 2015 229 x 152 mm 460pp 2 b/w illus. 4 tables 978-1-107-67041-9 Paperback £27.99 / US$39.99 Also available 978-1-107-06369-3 Hardback £70.00 / US$110.00 For all formats available, see

www.cambridge.org/9781107670419

Africa’s Development in Historical Perspective Edited by Emmanuel Akyeampong Harvard University, Massachusetts

Robert H. Bates Harvard University, Massachusetts

Nathan Nunn Harvard University, Massachusetts

and James Robinson Harvard University, Massachusetts

This edited volume addresses the root causes of Africa’s persistent poverty through an investigation of its longue durée history.

15

Textbook

Socialist Planning Third edition Michael Ellman Universiteit van Amsterdam

An overview of socialist planning that explains the underlying theory and its limitations, also placing developments in their historical perspective.

‘Michael Ellman’s book is a true classic, erudite, exhaustive and meticulously researched. Written by one of the leading authorities in the field, it remains the ultimate source on the theory and experience of socialist economic planning. Both students and fellow scholars will be pleased to see it brought up to date, incorporating what has been learned since the collapse of the USSR.’ Stefan Hedlund, Research Director at the Centre for Russian and Eurasian Studies, Uppsala University, Sweden

Contents: Preface to third edition; Abbreviations and glossary; Important dates; 1. The rise and fall of socialist planning; 2. The traditional model; 3. The reform process; 4. Planning the defenceindustrial complex; 5. Investment planning; 6. Planning agriculture; 7. Planning labour and incomes; 8. Planning consumption; 9. Planning international trade; 10. An evaluation of socialist planning; Bibliography; Index.

2014 228 x 152 mm 440pp 14 b/w illus. 40 tables 978-1-107-07473-6 Hardback £69.99 / US$110.00 978-1-107-42732-7 Paperback £26.99 / US$44.99 For all formats available, see

www.cambridge.org/9781107074736

Towards a Knowledge Society New Identities in Emerging India Debal K. SinghaRoy School of Social Sciences, Indira Gandhi National Open University

This book studies how the knowledge society has created new conditions of marginalities while empowering people through new age connectivity.

2014 234 x 156 mm 397pp 978-1-107-06545-1 Hardback £79.99 / US$125.00 For all formats available, see

www.cambridge.org/9781107065451

2014 228 x 152 mm 539pp 9 b/w illus. 6 maps 40 tables 978-1-107-04115-8 Hardback £84.99 / US$130.00 978-1-107-69120-9 Paperback £29.99 / US$44.99 For all formats available, see

www.cambridge.org/9781107041158

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16

Economic development and growth / Public economics and public policy Dictators and Democracy in African Development

range of nudges, choice architecture, and mandates.

The Political Economy of Good Governance in Nigeria A. Carl LeVan

2016 216 x 138 mm 256pp 978-1-107-14070-7 Hardback c. £19.99 / c. US$29.99

Cambridge Studies in Economics, Choice, and Society

American University, Washington DC

Publication April 2016

This book argues that the structure of the policy-making process in Nigeria explains variations in government performance better than other commonly cited factors.

For all formats available, see

African Studies, 130

2015 228 x 152 mm 308pp 4 b/w illus. 7 tables 978-1-107-08114-7 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107081147

www.cambridge.org/9781107140707

Highlight

Corruption and Government Causes, Consequences, and Reform Second edition Susan Rose-Ackerman Yale University, Connecticut

and Bonnie J. Palifka

Public economics and public policy Highlight

The Ethics of Influence Government in the Age of Behavioral Science Cass R. Sunstein Harvard University, Massachusetts

In recent years, ‘Nudge Units’ or ‘Behavioral Insights Teams’ have been created in the United States, the United Kingdom, Germany, and other nations.

All over the world, public officials are using the behavioral sciences to protect the environment, promote employment and economic growth, reduce poverty, and increase national security. In this book, Cass R. Sunstein, the eminent legal scholar and bestselling co-author of Nudge, breaks new ground with a deep yet highly readable investigation into the ethical issues surrounding nudges, choice architecture, and mandates, addressing such issues as welfare, autonomy, selfgovernment, dignity, manipulation, and the constraints and responsibilities of an ethical state. Complementing the ethical discussion, The Ethics of Influence: Government in the Age of Behavioral Science contains a wealth of new data on people’s attitudes towards a broad

Tecnológico de Monterrey, Campus Monterrey, Mexico

The first edition is a classic, and this extensively rewritten second edition should become one as well. Political and economic institutions create incentives for corruption, and the book shows how these can be reduced by thoughtful reform. It draws on case studies and statistical research from developing and wealthy states.

Advance praise: ‘Susan Rose-Ackerman has been a powerful ally of Transparency International (TI), from its very beginnings more than twenty years ago. Through her writing, teaching, and speaking she accompanied our battle against corruption with her thoughtful, sometimes critical, economist perspective of our activism.

The first edition of this book came out just in time, to help strengthen the conceptual framework of fighting corruption in various institutions, and the anti-corruption community will be grateful to Susan and her coauthor, Bonnie J. Palifka, for producing the new edition of this seminal work.

The strong conceptual economic framework provided in this book will be needed for practitioners, teachers, scholars, and the media as we continue our battle against the scourge of corruption.’

Peter Eigen, Founder and Chairman of the Advisory Council, Transparency International 2016 228 x 152 mm 616pp 33 b/w illus.

978-1-107-08120-8 Hardback £74.99 / US$120.00 978-1-107-44109-5 Paperback £26.99 / US$39.99 Publication March 2016 For all formats available, see

www.cambridge.org/9781107081208

Cost-Benefit Analysis for Project Appraisal Per-Olov Johansson Stockholm School of Economics

and Bengt Kriström Swedish University of Agricultural Sciences

This book uses modern economic tools to obtain general equilibrium cost-benefit rules. It not only presents evaluation rules for small projects but also shows how to evaluate large projects as well as mega projects (such as high speed rails and channel tunnels).

This is an excellent toolkit for graduate students and policymakers.

2015 247 x 174 mm 250pp 28 b/w illus. 4 tables 978-1-107-12102-7 Hardback £59.99 / US$99.99 978-1-107-54822-0 Paperback £22.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107121027

Welfare for the Wealthy Parties, Social Spending, and Inequality in the United States Christopher G. Faricy Syracuse University, New York

Welfare for the Wealthy examines how political party power influences both public spending and private subsidies and how, in turn, these changes affect inequality. Christopher Faricy finds that both Democrats and Republicans have increased federal social spending, but differ in how they spend federal money, and which socioeconomic groups benefit.

‘Christopher Faricy provides a critically important and typically overlooked perspective on America’s welfare state. By bringing tax expenditures, as well as direct government spending into the discussion, he shows that redistributive social policies are embraced by both political parties – using different policy tools and benefiting different constituencies.

The powerful arguments and careful analyses in Welfare for the Wealthy enrich our understanding of both partisan politics and social welfare in the United States.’

Martin Gilens, Princeton University, New Jersey 2015 228 x 152 mm 268pp 18 b/w illus. 22 tables 978-1-107-10101-2 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107101012

Public economics and public policy / Political economy

The Particularistic President

The Economics of Public-Private Partnerships

Executive Branch Politics and Political Inequality Douglas L. Kriner

Universidad de Chile

Highlight

A Basic Guide Eduardo Engel

Boston University

Ronald D. Fischer

and Andrew Reeves

Universidad de Chile

Washington University, St Louis

and Alexander Galetovic

Presidents have long claimed to be sole stewards of the interests of all Americans. Kriner and Reeves challenge this notion and show how presidents systematically pursue policies that disproportionately benefit their more narrow partisan and electoral constituencies. Contrary to popular characterization, they are particularistic politicians who prioritize the needs of certain constituents over others.

Universidad de Los Andes, Santiago, Chile

‘In this well-informed and rigorous work, the authors challenge the view of presidential universalism with their finding that presidents routinely allocate federal resources to benefit their partisan and electoral constituencies. The fact that chief executives skew policy to the demands of the electoral college encourages us to reconsider our views of the presidency and the manner in which we elect its occupants.’

George Edwards, University of Oxford 2015 228 x 152 mm 248pp 40 b/w illus. 5 maps 27 tables 978-1-107-03871-4 Hardback £54.99 / US$84.99 978-1-107-61681-3 Paperback £19.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107038714

Freedom and the Pursuit of Happiness An Economic and Political Perspective Sebastiano Bavetta

The authors provide a summary of the main lessons learned from the past twenty-five years regarding publicprivate partnerships.

2014 216 x 138 mm 194pp 12 b/w illus. 16 tables 978-1-107-03591-1 Hardback £59.99 / US$99.99 978-1-107-63278-3 Paperback £25.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107035911

Globalization and Mass Politics Retaining the Room to Maneuver Timothy Hellwig Indiana University, Bloomington

Analyzes how increases in international trade, finance, and production have altered voter decisions, political party positions, and the issues that parties focus on in postindustrial democracies.

Cambridge Studies in Comparative Politics

2015 228 x 152 mm 232pp 38 b/w illus. 32 tables 978-1-107-07507-8 Hardback £55.00 / US$85.00 For all formats available, see

www.cambridge.org/9781107075078

Public Services in EU Law Wolf Sauter Universiteit van Tilburg, The Netherlands

Università degli Studi di Messina, Italy

Comprehensive analysis showing that utilities and welfare services are important building blocks for the EU social market economy.

and Dario Maimone

Law in Context

Università degli Studi di Messina, Italy

2014 247 x 174 mm 292pp 4 b/w illus. 1 table 978-1-107-06612-0 Hardback £65.00 / US$99.00

Università degli Studi, Palermo, Italy

Pietro Navarra

This book is about the relationship between different concepts of freedom and happiness, with implications for public policy.

2014 228 x 152 mm 253pp 99 b/w illus. 34 tables 978-1-107-03773-1 Hardback £60.00 / US$95.00 For all formats available, see

For all formats available, see

www.cambridge.org/9781107066120

17

Political economy The Advance of the State in Contemporary China State-Market Relations in the Reform Era Sarah Eaton Georg-August-Universität, Göttingen, Germany

This book traces the evolution of China’s economic development through an analysis of state-market relations in the reform era. Drawing from case studies in China’s telecommunication services and airline services, it offers an illuminating insight into China’s much-vaunted, but poorly understood, brand of state capitalism.

2015 216 x 138 mm 166pp 6 b/w illus. 4 tables 978-1-107-12341-0 Hardback £64.99 / US$99.99 Publication December 2015 For all formats available, see

www.cambridge.org/9781107123410

Land Bargains and Chinese Capitalism The Politics of Property Rights under Reform Meg E. Rithmire Harvard Business School

Land development, real estate, and urban expansion have been central to Chinese economic growth over the last several decades, even in the absence of private property rights. This book explains the origins of contemporary land politics and explores how land conflict, property rights, and urban growth strategies differ among Chinese cities.

‘This bold, deeply researched study of how three northeastern cities in China disparately redefined the rights to and the usage of urban property to placate losers while facilitating economic reform is not just a model of the comparative method. Its insight about how the search for state legitimacy and the underwriting of what were really political deals with moral language is also a novel way of making sense of one facet of China’s relentless commercialization. It will appeal to political economists and China scholars alike.’

Dorothy Solinger, University of California, Irvine

www.cambridge.org/9781107037731

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18

Political economy 2015 228 x 152 mm 256pp 18 b/w illus. 20 tables 978-1-107-11730-3 Hardback £64.99 / US$99.99 978-1-107-53987-7 Paperback £22.99 / US$34.99 For all formats available, see

2015 228 x 152 mm 588pp 72 b/w illus.

978-0-521-50634-2 Hardback £60.00 / US$95.00 978-0-521-73814-9 Paperback £22.99 / US$34.99 For all formats available, see

www.cambridge.org/9780521506342

www.cambridge.org/9781107117303

Power and the Vote Elections and Electricity in the Developing World Brian Min University of Michigan, Ann Arbor

Power and the Vote newly engages the debate on democracy’s impact in the developing world with fresh data and theory. Scholars and policymakers will appreciate the focus on the underestimated energy challenge facing the world’s poor and insights on how politics shapes the delivery of even technical services like electricity.

‘Hundreds of millions lack reliable access to electricity, the foundation of modern life. Brian Min uses his mastery of the nuts and bolts of the sector to show that it is politicians who flip the switch. This fine book should be widely read. It provides compelling answers to central issues of the political economy of development – not least, ‘do elections matter?’ – with meticulous technique and illuminating detail.’

Philip Keefer, Principal Economic Advisor, InterAmerican Development Bank 2015 228 x 152 mm 214pp 40 b/w illus. 24 tables 978-1-107-10984-1 Hardback £59.99 / US$94.99 978-1-107-52538-2 Paperback £18.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107109841

Highlight

Iran’s Political Economy since the Revolution Suzanne Maloney Brookings Institution, Washington DC

Moving chronologically from the early years under Khomeini through liberalization under Khatami to the present, this book provides the first comprehensive overview of Iran’s political economy since the 1979 revolution and offers detailed examinations of Iran’s energy sector and the role of sanctions.

‘No American writes as incisively about modern Iran as Suzanne Maloney. This is a superb book.’

Nicholas Burns, Harvard University, Massachusetts

Soft Law and the Global Financial System Rule Making in the 21st Century Second edition Chris Brummer Georgetown University Law Center

This book explains how international financial law ‘works’ – and presents an alternative theory for understanding its purpose, operation, and limitations.

Drawing on a close institutional analysis of the post-crisis financial architecture, it argues that international financial law is more coercive than classical theories of international law predict.

Review of previous edition: ‘Chris Brummer provides a detailed and informative analysis of the international regulatory response to the global financial crisis of 2008.

This accomplishment alone warrants a close look at this book. But Professor Brummer goes further in this pivotal work on the law of international finance. He provides a persuasive theoretical account of international financial law. Soft Law and the Global Financial System not only describes the mechanisms of lawmaking and standard-setting for global financial markets, but also delivers a workable framework for prescribing and perhaps even perfecting the regulation of the world’s most vital and volatile economic institutions.’

Jim Chen, Justin Smith Morrill Chair in Law, Michigan State University 2015 228 x 152 mm 364pp 2 b/w illus.

978-1-107-12863-7 Hardback £69.99 / US$110.00 978-1-107-56944-7 Paperback £22.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107128637

Power Plays How International Institutions Reshape Coercive Diplomacy Allison Carnegie Columbia University, New York

Power Plays argues that coercive diplomacy causes difficulty cooperating due to fears of exploitation, but international institutions can solve these problems by preventing states to use certain tools for coercive purposes.

By constraining the use of some instruments of coercion, institutions

cause states to rely on less effective alternative tools.

‘The success of the World Trade Organization in ensuring free trade has inadvertently shifted states’ coercive strategies toward other areas like foreign aid, regulation, and military intervention. This is just one of the many insights in Allison Carnegie’s excellent book, which challenges much of what we thought we knew about international institutions and international cooperation. Power Plays – with its mix of formal modeling, careful data analyses, and country case studies – will quickly become required reading among scholars of international relations.’

David A. Singer, Massachusetts Institute of Technology 2015 228 x 152 mm 206pp 5 b/w illus. 8 tables 978-1-107-12181-2 Hardback £59.99 / US$94.99 978-1-107-54750-6 Paperback £18.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107121812

Taxation, Responsiveness and Accountability in Sub-Saharan Africa The Dynamics of Tax Bargaining Wilson Prichard University of Toronto

There is extensive literature exploring the central role of taxation in processes of state building. This book builds on that foundation and provides the definitive account of these relationships in contemporary developing countries, drawing upon detailed qualitative cases studies from Ghana, Kenya and Ethiopia.

‘This book is a breakthrough in the study of the politics of taxation. It develops a powerful theory that links taxation to representation, a statistical analysis that supersedes (and overturns) many earlier studies, and three sharply observed case studies that show the theory in action.

Prichard’s analysis will dramatically improve our understanding of fiscal politics and should be widely read by both scholars and policymakers.’

Michael L. Ross, University of California, Los Angeles 2015 228 x 152 mm 308pp 15 b/w illus. 11 tables 978-1-107-11086-1 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107110861

Political economy The Politics of Advanced Capitalism Edited by Pablo Beramendi Duke University, North Carolina

Silja Häusermann Universität Zürich

Herbert Kitschelt Duke University, North Carolina

and Hanspeter Kriesi European University Institute, Florence

This book takes stock of the major economic and political challenges advanced capitalist democracies face today. It provides a synthetic view, allowing the reader to grasp the nature of key structural transformations and their consequences in terms of the politics of change, policy outputs, and outcomes.

‘This book offers the most compelling single-volume treatment to date of the evolution of advanced democratic capitalism and its subtypes. It provides state-of-the-art analysis of the character of postindustrial changes, their impact on cleavages and citizen preferences, and how parties fashion winning postindustrial political coalitions behind particular paths of adjustment. In doing so, Beramendi and colleagues reject functionalist and structuralist explanations of contemporary change and highlight the centrality of coalition building, partisan competition, and electoral politics for understanding the trajectories of advanced nations. The book concludes with an insightful examination of the consequences of particular paths of postindustrial policy adaption for economic outcomes, equality, and life satisfaction as well as the impact of recent economic crises on advanced capitalism. It is a superb contribution.’

Duane Swank, President of the APSA Organized Section on Comparative Politics, Marquette University 2015 228 x 152 mm 472pp 62 b/w illus. 47 tables 978-1-107-09986-9 Hardback £59.99 / US$94.99 978-1-107-49262-2 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107099869

The Quest for Good Governance How Societies Develop Control of Corruption Alina Mungiu-Pippidi Hertie School of Governance, Berlin

Why do some societies manage to control corruption so that it manifests itself only occasionally, while other societies remain systemically corrupt?

This book covers historical and

contemporary cases and easy-tounderstand statistics to build a case for a new theory and policy approach to building non-corrupt markets and states.

‘This is one of the most important books ever written on the most universal governance challenge of our time – how to control corruption.

In this brilliant integration of theory, history, case studies and quantitative evidence, Alina Mungiu-Pippidi shows how countries move from the natural state of corruption, clientelism and particularistic governance to the impersonal norms of fairness, integrity and transparency that make for good governance. This is an indispensable work for any scholar, student or policy-maker who wants to understand how societies mobilize and states reform to control corruption.’

Larry Diamond, Director, Center on Democracy, Development and the Rule of Law, Stanford University 2015 228 x 152 mm 314pp 11 b/w illus. 17 tables 978-1-107-11392-3 Hardback £59.99 / US$99.99 978-1-107-53457-5 Paperback £19.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107113923

Building Legislative Coalitions for Free Trade in Asia Globalization as Legislation Megumi Naoi University of California, San Diego

What accounts for the large reduction in trade barriers among new democracies in Asia after World War II? Using new data from Japan and Thailand, this book provides a surprising answer: politicians, especially party leaders, liberalized trade by buying off legislative support with side-payments such as pork barrel projects.

‘In this important book, Naoi refocuses the debate on trade politics to pay serious attention to the role of politicians. She argues that political leaders (such as prime ministers) use their control over government resources to shape and mobilize support for their desired trade legislation. It is a great contribution to studies of trade and globalization.’

Margarita Estevez-Abe, Maxwell School, Syracuse University, New York 2015 228 x 152 mm 230pp 17 b/w illus. 27 tables 978-1-107-03703-8 Hardback £69.99 / US$110.00 For all formats available, see

19

The Politics of African Industrial Policy A Comparative Perspective Lindsay Whitfield Roskilde Universitet, Denmark

Ole Therkildsen Danish Institute for International Studies, Copenhagen

Lars Buur Roskilde Universitet, Denmark

and Anne Mette Kjær Aarhus Universitet, Denmark

Using comparative research to theorize about the politics of industrial policy in countries in the early stages of capitalist transformation that also experience the pressures of elections, this book provides four in-depth African country studies that illustrate the challenges to economic transformation and the politics of implementing industrial policies.

‘This provocative book goes beyond the aggregate data on economic growth in Africa to argue that industrial policy is the key to sustainable development. By carefully analyzing national- and sectoriallevel variations in industrial policies in Ghana, Mozambique, Tanzania, and Uganda, the authors expose the problems and prospects of accomplishing meaningful economic transformation. Their findings will stimulate exciting new debates regarding the contemporary political economy of Africa.’

Anne Pitcher, University of Michigan 2015 228 x 152 mm 356pp 6 b/w illus. 9 tables 978-1-107-10531-7 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107105317

Pakistan Moving the Economy Forward Edited by Rashid Amjad Lahore School of Economics

and Shahid Javed Burki National University of Singapore

Pakistan’s economy has been mired with low economic growth and high inflation.

This book takes a historical approach and addresses the fundamental structural constraints that need to be overcome to move the economy to a sustained and higher growth path through better economic management and much-needed policy reforms.

2015 228 x 152 mm 411pp 978-1-107-10952-0 Hardback £69.99 / US$110.00 For all formats available, see

www.cambridge.org/9781107109520

www.cambridge.org/9781107037038

eBooks available at www.cambridge.org/ebookstore

20

Political economy A Political Economy of American Hegemony

Anthropologies of Class

Buildups, Booms, and Busts Thomas Oatley

Power, Practice, and Inequality Edited by James G. Carrier

University of North Carolina, Chapel Hill

Max-Planck Institute for Social Anthropology

Most discussions attribute the 2008 financial crisis to financial complexity and regulatory laxity. According to Thomas Oatley, such explanations are incomplete. Through an examination of America’s postwar history, this book demonstrates that episodes of major financial instability develop every time the United States engages in a large deficit-financed military buildup.

and Don Kalb

2015 228 x 152 mm 209pp 36 b/w illus. 11 tables 978-1-107-09064-4 Hardback £54.99 / US$89.99 978-1-107-46280-9 Paperback £18.99 / US$29.99 For all formats available, see

Central European University, Budapest

A study of class and inequality from an anthropological perspective, bringing together an international team of researchers.

2015 228 x 152 mm 248pp 5 b/w illus.

978-1-107-08741-5 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107087415

Post-Soviet Power State-led Development and Russia’s Marketization Susanne A. Wengle University of Chicago

Crafting Policies to End Poverty in Latin America

Examines the transformation of the Russian electricity system during postSoviet marketization, arguing for a view of economic and political development as mutually constitutive.

Yale University, Connecticut

This book provides a theory and evidence explaining the initial decision of governments to adopt a conditional cash transfer program.

2015 228 x 152 mm 194pp 8 b/w illus. 20 tables 978-1-107-08948-8 Hardback £54.99 / US$84.99 For all formats available, see

www.cambridge.org/9781107089488

The Military’s Business Designing Military Power for the Future Mikkel Vedby Rasmussen Copenhagen Business School

Argues that Western militaries must reform in order to become viable businesses that address relevant security issues within realistic budgets.

2015 228 x 152 mm 232pp 9 b/w illus.

978-1-107-09477-2 Hardback £55.00 / US$90.00 978-1-107-47735-3 Paperback £19.99 / US$32.99 For all formats available, see

www.cambridge.org/9781107094772

Edited by Jeffery A. Jenkins University of Virginia

and Sidney M. Milkis University of Virginia

This book examines nine critical issues in the politics of major programmatic reforms in post-World War II America.

2015 228 x 152 mm 329pp 13 b/w illus. 4 tables 978-1-107-03498-3 Hardback £60.00 / US$90.00 978-1-107-66848-5 Paperback £22.99 / US$32.99 For all formats available, see

www.cambridge.org/9781107090644

The Quiet Transformation Ana Lorena De La O

The Politics of Major Policy Reform in Postwar America

2015 228 x 152 mm 310pp 17 b/w illus. 1 map 16 tables 978-1-107-07248-0 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107072480

Property, Predation, and Protection Piranha Capitalism in Russia and Ukraine Stanislav Markus University of Chicago

This book analyzes the threats to the property rights of business owners and investigates what makes these rights secure.

2015 228 x 152 mm 256pp 7 b/w illus. 7 tables 978-1-107-08834-4 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107088344

www.cambridge.org/9781107034983

Unequal Political Participation Worldwide Aina Gallego Barcelona Institute of International Studies

This book describes the levels of unequal electoral participation in thirty-six countries worldwide.

2015 216 x 138 mm 252pp 18 b/w illus. 14 tables 978-1-107-02353-6 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107023536

The Transformation of Governance in Rural China Market, Finance, and Political Authority An Chen National University of Singapore

Explores the economic, social and financial changes that have transformed China’s rural governance over the past twenty years.

2014 228 x 152 mm 406pp 12 b/w illus. 30 tables 978-1-107-08175-8 Hardback £65.00 / US$99.00 For all formats available, see

Indonesia’s Changing Political Economy Governing the Roads Jamie S. Davidson National University of Singapore

A rich, contextual analysis of the politics that inhibit the adoption of liberalizing reforms in Indonesia’s infrastructure sector.

2015 228 x 152 mm 312pp 13 b/w illus. 8 maps 3 tables 978-1-107-08688-3 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107086883

www.cambridge.org/9781107081758

Political economy Consumer Lending in France and America Credit and Welfare Gunnar Trumbull Harvard Business School

This book traces the historical emergence of modern consumer lending in America and France.

2014 228 x 152 mm 239pp 10 b/w illus.

978-1-107-01565-4 Hardback £59.99 / US$99.99 978-1-107-69390-6 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107015654

Diasporas and Foreign Direct Investment in China and India Min Ye Boston University

A comparative and historical analysis of foreign direct investment liberalization in China and India, explaining how the return of these countries’ diasporas affects such liberalization.

2014 228 x 152 mm 260pp 16 b/w illus. 3 maps 25 tables 978-1-107-05419-6 Hardback £69.99 / US$110.00 For all formats available, see

www.cambridge.org/9781107054196

Economic and Social Rights after the Global Financial Crisis

Skills and Inequality Partisan Politics and the Political Economy of Education Reforms in Western Welfare States Marius R. Busemeyer Universität Konstanz, Germany

This book argues that critical choices about the institutional design of education systems in the post-war period have long-term implications for social inequality.

Stein Rokkan Prize for Comparative Social Science Research 2015 – Winner 2014 228 x 152 mm 326pp 24 b/w illus. 25 tables 978-1-107-06293-1 Hardback £69.99 / US$110.00 For all formats available, see

www.cambridge.org/9781107062931

The United States in a Warming World The Political Economy of Government, Business, and Public Responses to Climate Change Thomas L. Brewer Georgetown University, Washington DC

Balanced factual and conceptual analysis of the political and economic factors that shape the United States’ responses to climate change.

2014 247 x 174 mm 378pp 17 b/w illus. 4 maps 26 tables 978-1-107-06921-3 Hardback £69.99 / US$110.00

Autocracy and Redistribution The Politics of Land Reform Michael Albertus University of Chicago

This book shows that land redistribution – the most consequential form of redistribution in the developing world – occurs more often under dictatorship than democracy. It offers a novel theory of land reform and tests it using extensive original data dating back to 1900.

‘This book is an exceptional achievement. It combines theoretical and methodological sophistication with empirical richness. Albertus demonstrates that land redistribution is more likely under dictatorship than democracy and builds a persuasive argument about why that is the case. The book is an outstanding contribution to the literatures on land redistribution, democracies and dictatorships, political economy, and Latin American politics.’

Scott Mainwaring, Eugene and Helen Conley Professor of Political Science, University of Notre Dame Cambridge Studies in Comparative Politics

2015 228 x 152 mm 320pp 43 b/w illus.

978-1-107-10655-0 Hardback £64.99 / US$99.99 978-1-107-51430-0 Paperback £21.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107106550

Edited by Aoife Nolan

978-1-107-65569-0 Paperback £26.99 / US$44.99

University of Nottingham

For all formats available, see

This book addresses the interrelationship between economic and financial crises, the responses thereto, and economic and social rights.

www.cambridge.org/9781107069213

Political Order and Inequality

The Managerial Sources of Corporate Social Responsibility

Their Foundations and their Consequences for Human Welfare Carles Boix

2014 228 x 152 mm 414pp 9 b/w illus. 1 table 978-1-107-04325-1 Hardback £79.99 / US$125.00

The Spread of Global Standards Christian R. Thauer

For all formats available, see

Freie Universität Berlin

www.cambridge.org/9781107043251

Drawing on transaction cost economics, Christian Thauer argues for the importance of internal drivers of corporate social responsibility.

Tax Reform in Rural China Revenue, Resistance, and Authoritarian Rule Hiroki Takeuchi Southern Methodist University, Texas

This book answers the important question – how does China maintain authoritarian rule while it is committed to market-oriented economic reforms?

2014 228 x 152 mm 253pp 12 b/w illus. 10 tables 978-1-107-05684-8 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107056848

Business and Public Policy

2014 228 x 152 mm 352pp 7 b/w illus. 26 tables 978-1-107-06653-3 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107066533

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Highlight

Princeton University, New Jersey

The fundamental question of political theory, one that precedes all other questions about the nature of political life, is why there is a state at all. This book describes the foundations of stateless societies, why and how states emerge, and the basis of political obligation.

‘With analytical clarity and fresh data, Carles Boix has produced a work that cannot be ignored by scholars interested in the biggest questions about politics, economics and society.

What kinds of regimes generate the strongest economies? Where do these regimes come from? What is the relationship among politics, growth and inequality? Boix does not offer sound bite answers. Deeply historical, this book provides a multi-layered,

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22

Political economy interdisciplinary analysis of how we got where we are today and what our prospects are for the future.’

Frances Rosenbluth, Damon Wells Professor of Political Science, Yale University, Connecticut Cambridge Studies in Comparative Politics

2015 228 x 152 mm 334pp 50 b/w illus. 2 maps 24 tables 978-1-107-08943-3 Hardback £50.00 / US$65.00 978-1-107-46107-9 Paperback £17.99 / US$22.99 For all formats available, see

www.cambridge.org/9781107089433

Elite Parties, Poor Voters How Social Services Win Votes in India Tariq Thachil Yale University, Connecticut

This book analyzes how the paradox of the poor often voting against their material interests emerged in India.

Inequality and Democratization An Elite-Competition Approach Ben W. Ansell University of Oxford

and David J. Samuels University of Minnesota

This book offers a new theory of the historical relationship between economic modernization and the emergence of democracy on a global scale.

Woodrow Wilson Foundation Award, American Political Science Association 2015 – Winner William H. Riker Book Award, Political Economy Section, American Political Science Association 2015 – Winner Cambridge Studies in Comparative Politics

2014 228 x 152 mm 254pp 26 b/w illus. 43 tables 978-1-107-00036-0 Hardback £55.00 / US$85.00 978-0-521-16879-3 Paperback £19.99 / US$29.99

Luebbert Book Award, Comparative Politics Section, American Political Science Association 2015 – Winner

For all formats available, see

Leon Epstein Outstanding Book Award, Political Organizations and Parties Section, American Political Science Association 2015 – Winner

Governing the Commons

Gaddis Smith International Book Prize, MacMillan Center for International and Area Studies, Yale University 2015 – Winner Cambridge Studies in Comparative Politics

2015 228 x 152 mm 352pp 28 b/w illus. 1 map 24 tables 978-1-107-07008-0 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107070080

Nontaxation and Representation The Fiscal Foundations of Political Stability Kevin M. Morrison University of Pittsburgh

This book develops a novel argument about how government revenues of all kinds affect political regimes and their leaders.

Cambridge Studies in Comparative Politics

2015 228 x 152 mm 170pp 8 b/w illus. 4 maps 11 tables 978-1-107-07677-8 Hardback £55.00 / US$85.00 For all formats available, see

www.cambridge.org/9781107076778

www.cambridge.org/9781107000360

The Evolution of Institutions for Collective Action Elinor Ostrom

The governance of natural resources used by many individuals in common is an issue of increasing concern to policy analysts. Both state control and privatization of resources have been advocated, but neither the state nor the market have been uniformly successful in solving common pool resource problems. After critiquing the foundations of policy analysis as applied to natural resources, Elinor Ostrom here provides a unique body of empirical data to explore conditions under which common pool resource problems have been satisfactorily or unsatisfactorily solved. Dr Ostrom uses institutional analysis to explore different ways – both successful and unsuccessful – of governing the commons. In contrast to the proposition of the ‘tragedy of the commons’ argument, common pool problems sometimes are solved by voluntary organizations rather than by a coercive state. Among the cases considered are communal tenure in meadows and forests, irrigation communities and other water rights, and fisheries.

‘In this ambitious, provocative, and very useful book, Ostrom combines a lucid theoretical framework with a series of diverse and richly detailed case studies … she tightly reviews and

critiques extant models of cooperation and collective action and argues powerfully that communities of actors are sometimes able to maintain a common resource for long periods of time without outside intervention.’

Contemporary Sociology Canto Classics

2015 216 x 138 mm 294pp 20 b/w illus. 6 tables 978-1-107-56978-2 Paperback £12.99 / US$19.99 For all formats available, see

www.cambridge.org/9781107569782

The Dilemma of the Commoners Understanding the Use of Common Pool Resources in LongTerm Perspective Tine De Moor Universiteit Utrecht, The Netherlands

This book puts the debate on commons, commoners, and the disappearance of both throughout early modern and modern western Europe in a new light, through new approaches and innovative methodologies. Tine De Moor links the historical debate about the long-term evolution of commons to the presentday debates on common-pool resources.

‘Few people are more prepared than Tine De Moor to delve in the historical record of the commons, and to help restore the longue durée in our thinking about the commons. Now that the commons, in their old physical formats but also crucially in their new knowledge and digitally enabled formats, are making a return on the world stage, long-term thinking and an acquaintance with how they solved perennial issues is more important than ever. Maintaining sustainable commons over the longer term is crucial to protect our biosphere, and De Moor gives us the tools and historical experience to do so.’

Michel Bauwens, Founder, Foundation for Peerto-Peer Alternatives Political Economy of Institutions and Decisions

2015 216 x 138 mm 226pp 10 b/w illus.

978-1-107-02216-4 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107022164

History of economic thought and methodology

History of economic thought and methodology

– in a coherent modern framework important for both theory and future policy.’

Michael Dempster, University of Cambridge 2015 228 x 152 mm 520pp 19 b/w illus. 19 tables 978-1-107-07909-0 Hardback £75.00 / US$120.00 For all formats available, see

Adam Smith’s Wealth of Nations A Reader’s Guide Jerry Evensky Syracuse University, New York

Jerry Evensky’s analysis of Adam Smith’s landmark book, The Wealth of Nations, walks the reader through the principal concepts and arguments in each of the book’s five sections. Evensky highlights its relationship to Smith’s work on ethics and jurisprudence, offering a holistic perspective on Smith’s larger moral philosophical vision.

‘A straightforward and lively commentary that will introduce people to many central themes of Adam Smith’s great book.’

Sam Fleischacker, University of Illinois, Chicago 2015 228 x 152 mm 293pp 978-1-107-04337-4 Hardback £64.99 / US$99.99 978-1-107-65376-4 Paperback £21.99 / US$34.99 For all formats available, see

www.cambridge.org/9781107043374

Resources, Production and Structural Dynamics Edited by Mauro L. Baranzini Università della Svizzera Italiana, Switzerland

Claudia Rotondi Università Cattolica del Sacro Cuore, Milano

and Roberto Scazzieri Università di Bologna and University of Cambridge

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.

‘Post-crisis economic thought is mainly focussed on macro-economics or financial markets, usually ignoring the fact that political economy is, and always has been, their critical setting. Exceptionally, this major work by leading scholars treats the longstanding topics of political economy – resources, scarcities and rents

www.cambridge.org/9781107079090

A Historiography of the Modern Social Sciences Edited by Roger E. Backhouse University of Birmingham

and Philippe Fontaine Ecole Normale Supérieure de Cachan

A Historiography of the Modern Social Sciences exposes parallels and contrasts in the way the histories of the social sciences are written.

2014 228 x 152 mm 260pp 1 b/w illus. 1 table 978-1-107-03772-4 Hardback £60.00 / US$95.00 For all formats available, see

www.cambridge.org/9781107037724

Léon Walras: Elements of Theoretical Economics Or, The Theory of Social Wealth Léon Walras Edited and translated by Donald A. Walker Indiana University of Pennsylvania

and Jan van Daal Triangle, University of Lyons-2

This is an English translation of the third edition (1896) of Léon Walras’ Elements of Theoretical Economics.

2014 228 x 152 mm 588pp 47 b/w illus. 4 tables 978-1-107-06413-3 Hardback £99.99 / US$155.00 For all formats available, see

www.cambridge.org/9781107064133

Model Building in Economics Its Purposes and Limitations Lawrence A. Boland Simon Fraser University, British Columbia

Beginning with the practices of and the problems faced by model builders, this book discusses the modeling process and the testing of models.

2014 228 x 152 mm 298pp 2 b/w illus. 3 tables 978-1-107-03294-1 Hardback £59.99 / US$94.99

23

www.cambridge.org/9781107032941

New in Paperback

Erasing the Invisible Hand Essays on an Elusive and Misused Concept in Economics Warren J. Samuels Michigan State University

Assisted by Marianne F. Johnson University of Wisconsin, Oshkosh

and William H. Perry

This book examines the use, principally in economics, of the concept of the invisible hand, centering on Adam Smith.

2014 228 x 152 mm 358pp 978-1-107-61316-4 Paperback £34.99 / US$54.99 Also available 978-0-521-51725-6 Hardback £79.99 / US$125.00 For all formats available, see

www.cambridge.org/9781107613164

The Viennese Students of Civilization The Meaning and Context of Austrian Economics Reconsidered Erwin Dekker Erasmus Universiteit Rotterdam

This book argues that the work of the Austrian economists, including Carl Menger, Joseph Schumpeter, Ludwig von Mises and Friedrich Hayek, has been narrowly interpreted. Through a study of Viennese politics and culture, it is demonstrated that the project they were engaged in was much broader: the study of civilization.

Historical Perspectives on Modern Economics

2016 228 x 152 mm 230pp 1 b/w illus.

978-1-107-12640-4 Hardback £69.99 / US$110.00 Publication February 2016 For all formats available, see

www.cambridge.org/9781107126404

Paul Samuelson on the History of Economic Analysis Selected Essays Edited by Steven G. Medema University of Colorado, Denver

and Anthony M. C. Waterman University of Manitoba, Canada

This collection of writings by Paul Samuelson illustrates the depth and breadth of his contribution to the history of economics.

Historical Perspectives on Modern Economics

978-1-107-67347-2 Paperback £21.99 / US$29.99

2014 228 x 152 mm 478pp 978-1-107-02993-4 Hardback £75.00 / US$110.00

For all formats available, see

For all formats available, see

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History of economic thought and methodology / Economic history www.cambridge.org/9781107029934

Anthropology and Economy Stephen Gudeman University of Minnesota

Offering a uniquely cross-cultural perspective, renowned economic anthropologist Stephen F. Gudeman presents a theory of economic crisis and lessons for its mitigation, in light of the recent global financial crash. This compelling book is richly illustrated with examples from ‘strange’ small-scale economies as well as developed market economies.

Advance praise: ‘[This book] challenges mainstream economists to consider the homemade models of peasants and tribesmen, the logic of their decision making, and the significance of mutuality, gift-giving and the economics of the house.’

Adam Kuper, London School of Economics and Political Science New Departures in Anthropology

2016 228 x 152 mm 240pp 11 b/w illus.

978-1-107-13086-9 Hardback £64.99 / US$99.99 978-1-107-57720-6 Paperback £18.99 / US$29.99 Publication January 2016 For all formats available, see

www.cambridge.org/9781107130869

Behind the Model A Constructive Critique of Economic Modeling Peter Spiegler University of Massachusetts, Amherst

This ambitious book reveals how formal models are constructed in economics.

Ranging across economics, philosophy, and social science methods, and drawing on examples, including the recent financial crisis, Behind the Model will be of interest to anyone who has wondered how economics works – and why it sometimes fails.

‘The 2007–9 global financial crisis and Great Recession demonstrated that the most prestigious economic models were incapable of recognizing, much less preventing, the debacle.

How could this be possible? Peter Spiegler’s critique of mainstream mathematical modeling methodology delivers a compelling explanation.

More important still, Speigler advances alternative theoretical and empirical methodologies that are capable of reframing economics as a viable scientific endeavor. Behind the Model is a deeply insightful work

that should force all open-minded economists to rethink their most basic presuppositions and practices.’

Robert Pollin, Distinguished Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts, Amherst Strategies for Social Inquiry

2015 247 x 174 mm 230pp 5 b/w illus. 5 tables 978-1-107-06966-4 Hardback £64.99 / US$99.99 978-1-107-67780-7 Paperback £22.99 / US$34.99

4. The centrally planned economic system; 5. Managed social-market system in an integrating post-World War II Western Europe; 6. Globalization: return to laissezfaire?; Bibliography; Index.

2016 247 x 174 mm 400pp 33 b/w illus. 46 tables 978-1-107-13642-7 Hardback c. £85.00 / c. US$130.00 978-1-316-50185-6 Paperback c. £29.99 / c. US$54.99 Publication March 2016 For all formats available, see

www.cambridge.org/9781107136427

For all formats available, see

www.cambridge.org/9781107069664

Economic history Textbook

An Economic History of TwentiethCentury Europe Economic Regimes from LaissezFaire to Globalization Second edition Ivan T. Berend University of California, Los Angeles

A revised and fully-updated new edition of this leading survey of the twentieth-century European economy.

Ivan Berend provides an integrated, comparative account of European economic development from the evolution of capitalism to the fascist and communist regimes and their collapse, and the causes and impacts of the 2008 financial crisis.

Advance praise: ‘An Economic History of TwentiethCentury Europe represents a tour de force that only a scholar with the broad intellectual interests, ambition, and experience of Professor Berend could have undertaken. The twentieth century appears as a long and dramatic journey between two globalization episodes in which dramatic social experiments were carried out and material progress and well-being reached the highest levels ever.’

Leandro Prados-de-la-Escosura, Charles III University of Madrid

Contents: Introduction; 1. Europe’s laissezfaire system and its impact before World War I; 2. Decline of laissez-faire and the rise of the regulated market system; 3. Economic dirigisme in authoritarian-fascist regimes;

Highlight

The Path to Sustained Growth England’s Transition from an Organic Economy to an Industrial Revolution E. A. Wrigley University of Cambridge

Charts Britain’s transformation from the European periphery to a global economic power over three centuries from the reign of Elizabeth I to Victoria. The book explores how new energy resources, population growth and urbanisation enabled Britain to overcome the constraints of an organic economy and forge a path to industrialisation.

2016 228 x 152 mm 240pp 3 b/w illus. 30 tables 978-1-107-13571-0 Hardback £54.99 / US$89.99 978-1-316-50428-4 Paperback £18.99 / US$29.99 Publication February 2016 For all formats available, see

www.cambridge.org/9781107135710

Conflict and Commerce in Maritime East Asia The Zheng Family and the Shaping of the Modern World, c.1620–1720 Xing Hang Brandeis University, Massachusetts

A fresh perspective on the Zheng family of merchants and militarists. Under four generations of leaders over six decades, the Zheng came to dominate trade across the China Seas and eventually forged an autonomous territorial state based on Taiwan, while struggling to define their activities according to Confucian orthodoxy.

2015 228 x 152 mm 344pp 6 b/w illus. 3 maps 26 tables 978-1-107-12184-3 Hardback £64.99 / US$99.99 Publication December 2015 For all formats available, see

www.cambridge.org/9781107121843

Economic history The Great Divergence Reconsidered Europe, India, and the Rise to Global Economic Power Roman Studer Universität Zürich

Studer shows that Europe’s rise to its current status as an undisputed world economic leader was not the effect of the Industrial Revolution; rather, an interplay of institutional, geographical, political, and technological factors accounts for Europe’s early and gradual rise to its status as a global superpower.

‘Adam Smith’s central thesis was that efficient markets generate economic growth. This lively book revives the Smithian tradition. Efficient markets create growth, and efficient markets were unique to pre-industrial Europe.

This is an important contribution to the debate on why the West rather than the East experienced the Industrial Revolution.’

Gregory Clark, University of California, Davis 2015 228 x 152 mm 244pp 30 b/w illus. 10 maps 9 tables 978-1-107-02054-2 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107020542

Highlight

The Material Atlantic Clothing, Commerce, and Colonization in the Atlantic World, 1650–1800 Robert DuPlessis Swarthmore College, Pennsylvania

In this wide-ranging account, Robert DuPlessis examines globally sourced textiles that by dramatically altering consumer behaviour, helped create new economies and societies in the early modern world. This deeply researched history of cloth and clothing offers new insights into trade patterns, consumer demand and sartorial cultures that emerged across the Atlantic world between the mid-seventeenth and late-eighteenth centuries. As a result of European settlement and the construction of commercial networks stretching across much of the planet, men and women across a wide spectrum of ethnicities, social standings and occupations fashioned their garments from materials old and new, familiar and strange, and novel meanings came to be attached to different fabrics and modes of dress. The Material Atlantic illuminates crucial developments that characterised early modernity, from colonialism and slavery to economic

innovation and new forms of social identity.

2015 228 x 152 mm 320pp 15 b/w illus. 16 colour illus. 6 maps 9 tables 978-1-107-10591-1 Hardback £24.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107105911

New in Paperback Key Reference

The Cambridge History of Capitalism Edited by Larry Neal University of Illinois, Urbana-Champaign

and Jeffrey G. Williamson Harvard University, Massachusetts

The Cambridge History of Capitalism is a comprehensive two-volume work that provides an authoritative account of the evolution of capitalism and its spread and impact across the world.

Adopting a wide geographical coverage and strong comparative perspective, an international team of leading scholars delve deep into the historical roots of capitalism and provide a definitive reference on the global development of capitalism and the varieties of responses to it. Volume 1 traces the rise of capitalism from distant origins in ancient Babylon to modern times, determining what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Volume 2 explores the global consequences that capitalism has had for industry, agriculture and trade, along with the reactions by governments, firms and markets. These groundbreaking volumes will have widespread appeal amongst historians, economists and political scientists.

2015 228 x 152 mm 1205pp 54 b/w illus. 5 maps 27 tables 978-1-107-58459-4 2 Volume Paperback Set £44.99 / US$69.99 Also available 978-1-107-03694-9 2 Volume Hardback Set £165.00 / US$255.00 For all formats available, see

www.cambridge.org/9781107584594

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New in Paperback Key Reference Volume 1: The Rise of Capitalism: From Ancient Origins to 1848 Edited by Larry Neal University of Illinois, Urbana-Champaign

and Jeffrey G. Williamson Harvard University, Massachusetts 2015 228 x 152 mm 628pp 28 b/w illus. 5 maps 13 tables 978-1-107-58328-3 Paperback £29.99 / US$44.99 Also available 978-1-107-01963-8 Hardback £94.99 / US$145.00 For all formats available, see

www.cambridge.org/9781107583283

New in Paperback Key Reference Volume 2: The Spread of Capitalism: From 1848 to the Present Edited by Larry Neal University of Illinois, Urbana-Champaign

and Jeffrey G. Williamson Harvard University, Massachusetts 2015 228 x 152 mm 577pp 26 b/w illus. 14 tables 978-1-107-58335-1 Paperback £24.99 / US$39.99 Also available 978-1-107-01964-5 Hardback £94.99 / US$145.00 For all formats available, see

www.cambridge.org/9781107583351

Political Economies of Empire in the Early Modern Mediterranean The Decline of Venice and the Rise of England 1450–1700 Maria Fusaro University of Exeter

This exploration of the commercial relationship between Venice and England sets their comparative history in a wider Mediterranean and European context. It shows how Venice’s circumstances shaped the English mercantile community and how their contrasting fortunes can be seen as the beginnings of European protoglobalisation.

‘Two empires, Venice already old and past its peak, England adolescent and ambitious, met in mingled rivalry and co-operation in the early modern Eastern Mediterranean.

English-speaking historians have long regarded the Venetian Empire as a maritime empire prefiguring the British Empire, but their view of Venice and its transactions with England has generally been based on English sources. For the first time Maria Fusaro

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26

Economic history gives us the English among the creeks and islands of the Venetian empire, as seen by the Venetians themselves.

Using archives hitherto little-known or wholly unknown, she paints a lively picture of Anglo-Venetian commerce, diplomacy and war.’

Fiscal Regimes and the Political Economy of Premodern States

Nicholas Rodger, University of Oxford

Stanford University, California

2015 228 x 152 mm 433pp 6 b/w illus. 2 maps 978-1-107-06052-4 Hardback £74.99 / US$120.00 For all formats available, see

www.cambridge.org/9781107060524

New in Paperback Highlight

Cotton The Fabric that Made the Modern World Giorgio Riello University of Warwick

Today’s world textile and garment trade is valued at a staggering $425 billion.

We are told that under the pressure of increasing globalisation, it is India and China that are the new world manufacturing powerhouses. However, this is not a new phenomenon: until the industrial revolution, Asia manufactured great quantities of colourful printed cottons that were sold to places as far afield as Japan, West Africa and Europe.

Cotton explores this earlier globalised economy and its transformation after 1750 as cotton led the way in the industrialisation of Europe. By the early nineteenth century, India, China and the Ottoman Empire switched from world producers to buyers of European cotton textiles, a position that they retained for over two hundred years.

This is a fascinating and insightful story which ranges from Asian and European technologies and African slavery to cotton plantations in the Americas and consumer desires across the globe. ‘… a remarkable volume full of insight and originality … Riello deserves a wide audience and the book will be of interest to a readership well beyond the audience for world economic history, including cultural and social history, the histories of art, design, fashion and, of course, textiles themselves.’

Reviews in History (history.ac.uk/reviews) 2015 247 x 174 mm 436pp 103 b/w illus. 46 colour illus. 10 maps 12 tables 978-0-521-16670-6 Paperback £16.99 / US$22.99 For all formats available, see

www.cambridge.org/9780521166706

Edited by Andrew Monson New York University

and Walter Scheidel

Inspired by the New Fiscal History, this book represents the first global survey of taxation in the premodern world. It introduces new theoretical and comparative approaches from the social sciences and extends its coverage beyond Europe, the Mediterranean, and the Near East to East Asia and the Americas.

2015 228 x 152 mm 602pp 22 b/w illus. 3 maps 19 tables 978-1-107-08920-4 Hardback £80.00 / US$130.00 For all formats available, see

www.cambridge.org/9781107089204

British Economic Growth, 1270–1870 Stephen Broadberry London School of Economics and Political Science

Bruce M. S. Campbell

The Merchant Republics Amsterdam, Antwerp, and Hamburg, 1648–1790 Mary Lindemann University of Miami

This book analyzes the ways in which Amsterdam, Antwerp and Hamburg developed dual identities as ‘communities of commerce’ and republics.

2014 228 x 152 mm 374pp 9 b/w illus.

978-1-107-07443-9 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107074439

Ocean of Trade South Asian Merchants, Africa and the Indian Ocean, c.1750– 1850 Pedro Machado Indiana University, Bloomington

Offers an innovative study of trade, production and consumption across the Indian Ocean between the years 1750 and 1850.

University of Kent, Canterbury

2014 228 x 152 mm 329pp 4 b/w illus. 6 maps 978-1-107-07026-4 Hardback £65.00 / US$99.00

Mark Overton

For all formats available, see

Queen’s University Belfast

Alexander Klein University of Exeter

www.cambridge.org/9781107070264

and Bas van Leeuwen Utrecht University

This is the first systematic quantitative account of British economic growth from the thirteenth century to the Industrial Revolution.

2015 247 x 174 mm 461pp 46 b/w illus. 96 tables 978-1-107-07078-3 Hardback £65.00 / US$105.00 978-1-107-67649-7 Paperback £24.99 / US$39.99 For all formats available, see

www.cambridge.org/9781107070783

Key Reference

The Cambridge Economic History of Australia Edited by Simon Ville University of Wollongong, New South Wales

and Glenn Withers Australian National University, Canberra

Provides a systematic and comprehensive treatment of Australia’s economic foundations, growth, resilience and future in an engaging, contemporary narrative.

2015 238 x 158 mm 624pp 978-1-107-02949-1 Hardback £120.00 / US$180.00 For all formats available, see

www.cambridge.org/9781107029491

Textbook

The Cambridge Economic History of Modern Britain Second edition Edited by Roderick Floud Gresham College, London

Jane Humphries University of Oxford

and Paul Johnson University of Western Australia, Perth

A new edition of the leading textbook on the economic history of Britain since industrialisation.

Contents: Volume 1: 1. The British Industrial Revolution in a European mirror; 2. Population geography and occupational structure; 3. Agriculture; 4. Health, nutrition and education; 5. Regions; 6. Labour markets and training/ apprenticeship; 7. Population and social mobility; 8. Consumption; 9. An age of progress; 10. Technology; 11. Finance; 12. Government and the economy; 13. Transport including shipping; 14. Trade and empire; 15. Economic thought and ideology; 16. Legacy of the early start.

Volume 2: 1. Economic growth during the long twentieth century; 2. From empire to Europe: Britain in the world economy; 3. Population, migration and labour supply; 4. Health and welfare; 5. Income and

Economic history living standards; 6. Technology, innovation and economic growth; 7. Consumption and affluence; 8. Cycles and depressions; 9. The City and the corporate economy; 10. Armaments and the economy; 11. The deindustrial revolution: the rise and fall of UK manufacturing, 1870–2010; 12. The rise of the service sector; 13. The household economy; 14. Growth of the public sector; 15. Soft power: the media industries; 16. Sterling and monetary policy; 17. Economic policy and management; 18. Economic ideas and ideology.

2014 247 x 174 mm 1072pp 119 b/w illus. 2 maps 978-1-107-06721-9 2 Volume Hardback Set £130.00 / US$220.00 978-1-107-64641-4 2 Volume Paperback Set £59.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107067219

Textbook

The Cambridge Economic History of Modern Britain Volume 1: Industrialisation, 1700–1870 Second edition Edited by Roderick Floud Gresham College, London

Jane Humphries University of Oxford

and Paul Johnson University of Western Australia, Perth

A new edition of the leading textbook on the economic history of Britain, Volume 1 (1700–1870) offers new approaches to classic issues Contents: 1. The British Industrial Revolution in a European mirror; 2. Population geography and occupational structure; 3. Agriculture; 4. Health, nutrition and education; 5. Regions; 6. Labour markets and training/ apprenticeship; 7. Population and social mobility; 8. Consumption; 9. An age of progress; 10. Technology; 11. Finance; 12. Government and the economy; 13. Transport including shipping; 14. Trade and empire; 15. Economic thought and ideology; 16. Legacy of the early start.

2014 247 x 174 mm 514pp 42 b/w illus. 2 maps 75 tables 978-1-107-03845-5 Hardback £74.99 / US$130.00 978-1-107-63143-4 Paperback £29.99 / US$54.99 For all formats available, see

www.cambridge.org/9781107038455

Textbook

The Cambridge Economic History of Modern Britain Volume 2: Growth and Decline, 1870 to the Present Second edition Edited by Roderick Floud Gresham College, London

Jane Humphries University of Oxford

and Paul Johnson University of Western Australia, Perth

A new edition of the leading textbook on the economic history of Britain, Volume 2 re-examines Britain’s economic growth and decline during the twentieth century.

Contents: 1. Economic growth during the long twentieth century; 2. From empire to Europe: Britain in the world economy; 3. Population, migration and labour supply; 4. Health and welfare; 5. Income and living standards; 6. Technology, innovation and economic growth; 7. Consumption and affluence; 8. Cycles and depressions; 9. The City and the corporate economy; 10. Armaments and the economy; 11. The deindustrial revolution: the rise and fall of UK manufacturing, 1870–2010; 12. The rise of the service sector; 13. The household economy; 14. Growth of the public sector; 15. Soft power: the media industries; 16. Sterling and monetary policy; 17. Economic policy and management; 18. Economic ideas and ideology.

2014 247 x 174 mm 608pp 77 b/w illus. 71 tables 978-1-107-03846-2 Hardback £74.99 / US$130.00 978-1-107-68673-1 Paperback £29.99 / US$54.99 For all formats available, see

www.cambridge.org/9781107038462

The British Patent System during the Industrial Revolution 1700–1852 From Privilege to Property Sean Bottomley Université de Toulouse 1 Capitole

A fundamental reassessment of the contribution of patenting to British industrialisation during the eighteenth and nineteenth centuries.

Cambridge Intellectual Property and Information Law, 28

2014 228 x 152 mm 336pp 4 b/w illus. 7 tables 978-1-107-05829-3 Hardback £75.00 / US$125.00 For all formats available, see

www.cambridge.org/9781107058293

27

Economic Development in Early Modern France The Privilege of Liberty, 1650– 1820 Jeff Horn Manhattan College, New York

Explores how the institution of privilege and liberty shaped early modern economic development in France between 1650 and 1820.

Cambridge Studies in Economic History – Second Series

2015 228 x 152 mm 320pp 978-1-107-04628-3 Hardback £65.00 / US$105.00 For all formats available, see

www.cambridge.org/9781107046283

Contractual Knowledge One Hundred Years of Legal Experimentation in Global Markets Edited by Grégoire Mallard Graduate Institute of International Studies, Geneva

and Jérôme Sgard Sciences Po, Paris

This volume provides a genealogy of global economic governance through the history of contracts, examining how and by whom they were designed and legally validated. It will appeal to lawyers, economists, and historians interested in the globalization of markets over the past century.

Advance praise: ‘Getting global markets right means looking seriously at what Justice Holmes once famously called ‘the operations of the law’ – and this book does that beautifully.’

Fabian Muniesa, Ecole des Mines de Paris and author of The Provoked Economy Cambridge Studies in Law and Society

2016 228 x 152 mm 408pp 3 b/w illus. 9 tables 978-1-107-13091-3 Hardback £79.99 / US$125.00 Publication March 2016 For all formats available, see

www.cambridge.org/9781107130913

The Rise and Decline of an Iberian Bourgeoisie Manresa in the Later Middle Ages, 1250–1500 Jeff Fynn-Paul Universiteit Leiden

Focusing on the Catalonian city of Manresa, this book offers one of the first long-term studies of an Iberian town during the late medieval crisis. Drawing together original sources and surveys,

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Economic history Jeff Fynn-Paul places the city’s social, political and economic development within the broader context of late medieval urban decline.

Cambridge Studies in Medieval Life and Thought: Fourth Series, 103

Fitzgerald reveals how the growth of international businesses shaped the economic development of nations, their politics and sovereignty, and the balance of power in international relations.

and John D. Metz

Advance praise: ‘This is an ambitious study, long in preparation, on the vast reach of multinational enterprises and on their importance in the transformation of the modern world economy. It draws on a formidable collection of individual company data, emphasizing the interactions between firms and diplomatic, military, and political, as well as economic history. It covers a wide range of multinational enterprises in agriculture and mining and services as well as in manufacturing. It is a fascinating work.’

Library of Virginia

Mira Wilkins, Florida International University

2015 228 x 152 mm 369pp 1 b/w illus. 3 maps 38 tables 978-1-107-09194-8 Hardback £74.99 / US$120.00 For all formats available, see

www.cambridge.org/9781107091948

Cultivating Success in the South Farm Households in the Postbellum Era Louis A. Ferleger Boston University

Explores changes in rural households of the Georgia Piedmont through the material culture of farmers as they transitioned from self-sufficiency to market dependence.

Cambridge Studies on the American South

2014 228 x 152 mm 214pp 12 b/w illus.

978-1-107-05411-0 Hardback £60.00 / US$90.00 For all formats available, see

New Approaches to Economic and Social History

2016 228 x 152 mm 588pp 39 tables 978-0-521-84974-6 Hardback £64.99 / US$99.99 978-0-521-61496-2 Paperback £19.99 / US$29.99 Publication January 2016 For all formats available, see

www.cambridge.org/9780521849746

www.cambridge.org/9781107054110

Free Trade and its Enemies in France, 1814–1851 David Todd King’s College London

In the aftermath of the French Revolution, advocates of protection against foreign competition prevailed in a fierce controversy over international trade. They succeeded by portraying free trade as a British ideology and French free traders as traitors. This groundbreaking study is the first to examine this ‘protectionist turn’ in full.

Ideas in Context, 112

2015 228 x 152 mm 296pp 978-1-107-03693-2 Hardback £64.99 / US$99.99 For all formats available, see

www.cambridge.org/9781107036932

Textbook

The Rise of the Global Company Multinationals and the Making of the Modern World Robert Fitzgerald Royal Holloway, University of London

This is the first full account of how the multinational enterprise drove globalization and contributed to the making of the modern world. Robert

Highlight Textbook

A Concise History of International Finance From Babylon to Bernanke Larry Neal University of Illinois, Urbana-Champaign

A comprehensive survey of international financial history across three thousand years. Larry Neal discusses past crises, both historically and internationally, in order to show how many of them have been successfully overcome in ways that might be adapted to deal with the crises of 2007 to 2010.

‘This is the most impressive, most comprehensive, and most up-to-date single volume history of finance there is. Its central argument about the beneficial effects of financial innovation – along with the many cautionary tales of how and why things go sour, of the consequences of adequate mechanisms for ensuring commitment and responsibility – make it at once a classic, whose influence will endure a long time.’

Harold James, author of The End of Globalization: Lessons from the Great Depression

New Approaches to Economic and Social History

2015 228 x 152 mm 376pp 48 b/w illus. 5 tables 978-1-107-03417-4 Hardback £59.99 / US$89.99 978-1-107-62121-3 Paperback £19.99 / US$29.99 For all formats available, see

www.cambridge.org/9781107034174

Textbook

An Economic History of Europe Knowledge, Institutions and Growth, 600 to the Present Second edition Karl Gunnar Persson University of Copenhagen

and Paul Sharp University of Southern Denmark

Second edition of leading textbook on European economic history, updated throughout and with new coverage of post-financial crisis Europe.

Contents: Introduction: what is economic history?; Part I. The Making of Europe; Part II. Europe from Obscurity to Economic Recovery; Part III. Population, Economic Growth and Resource Constraints; Part IV. The Nature and Extent of Economic Growth in the Pre-Industrial Epoch; Part V. Institutions and Growth; Part VI. Knowledge, Technology Transfer and Convergence; Part VII. Money, Credit and Banking; Part VIII. Trade, Tariffs and Growth; Part IX. International Monetary Regimes in History; Part X. The Era of Political Economy – From the Minimal State to the Welfare State in the Twentieth Century; Part XI. Inequality among and within Nations – Past, Present, Future; Part XII. Globalization and its Challenge to Europe; Appendix. Freight rates and globalization; Glossary; Index.

New Approaches to Economic and Social History

2015 247 x 174 mm 240pp 36 b/w illus. 4 maps 14 tables 978-1-107-09556-4 Hardback £65.00 / US$99.00 978-1-107-47938-8 Paperback £22.99 / US$37.99 For all formats available, see

www.cambridge.org/9781107095564

Export Empire German Soft Power in Southeastern Europe, 1890–1945 Stephen G. Gross New York University

A major new interpretation of Nazi influence in southeastern Europe during the first half of the twentieth century.

This book explores the emergence of German soft power and informal economic empire and their role in enabling the militarisation of the

Economic history / Economics (general) / Also of interest German economy and the Third Reich’s territorial conquests after 1939.

Also of interest

New Studies in European History

2016 228 x 152 mm 345pp 5 b/w illus. 1 map 32 tables 978-1-107-11225-4 Hardback £64.99 / US$99.99 Publication January 2016 For all formats available, see

www.cambridge.org/9781107112254

Austrian Banks in the Period of National Socialism Gerald D. Feldman University of California, Berkeley

Introduction by Peter Hayes Northwestern University, Illinois

This book gives a detailed account of how two major banks – the Creditanstalt-Wiener Bankverein and the Länderbank Wien – profited from their service to the Nazi regime. It traces their involvement in the dispossession of Jewish business owners and in financing industrial firms vital to the Third Reich’s war effort.

Publications of the German Historical Institute

2015 253 x 177 mm 587pp 978-1-107-00165-7 Hardback £90.00 / US$140.00 For all formats available, see

www.cambridge.org/9781107001657

Economics (general) Trusting Judgements How to Get the Best out of Experts Mark A. Burgman University of Melbourne

Policy- and decision-makers in government and industry rely routinely on expert advice to fill critical scientific knowledge gaps. Yet even the best experts can be over-confident and error-prone. This book describes how to identify potentially risky advice, and how to ensure expert advice is relatively reliable and accurate.

Rice Global Networks and New Histories Edited by Francesca Bray University of Edinburgh

Peter A. Coclanis University of North Carolina, Chapel Hill

Edda L. Fields-Black Carnegie Mellon University, Pennsylvania

and Dagmar Schäfer University of Manchester

Rice is a first step toward a history of rice and its place in capitalism from global and comparative perspectives.

2015 228 x 152 mm 446pp 28 b/w illus. 13 maps 8 tables 978-1-107-04439-5 Hardback £65.00 / US$99.00 For all formats available, see

www.cambridge.org/9781107044395

The Foundation of the ASEAN Economic Community An Institutional and Legal Profile Stefano Inama UNCTAD, Geneva, Switzerland

and Edmund W. Sim Appleton Luff, Singapore

A comprehensive review and analysis of the economic integration of Southeast Asia through the ASEAN Economic Community (AEC), insightful to policymakers, practitioners and businesses. Through comparisons with the EU and NAFTA, it explores the potential of regional economic development in ASEAN, its foundational and institutional deficiencies, as well as suggested improvements.

29

Textbook

ASEAN Economic Cooperation and Integration Progress, Challenges and Future Directions Siow Yue Chia Singapore Institute of International Affairs

and Michael G. Plummer The Johns Hopkins University

Written for academic researchers, students and policy makers, this book provides an extensive statistical and analytical review of various ASEAN economic integration initiatives. It focuses in particular on the ASEAN Economic Community (AEC) project, assessing its current state and offering policy recommendations for the future of the region.

Contents: General editors’ preface; 1. Introduction; 2. ASEAN diversity, economic growth and internationalisation; 3. ASEAN’s international trade and foreign direct investment, commercial policy reforms and production networks; 4. ASEAN’s FTAled economic integration; 5. The AEC and its economic effects; 6. Future directions: moving beyond AEC 2015; Executive summary; Bibliography; Index.

Integration through Law: The Role of Law and the Rule of Law in ASEAN Integration, 8

2015 216 x 138 mm 218pp 5 b/w illus. 14 tables 978-1-107-50387-8 Paperback £29.99 / US$49.99 For all formats available, see

www.cambridge.org/9781107503878

Integration through Law: The Role of Law and the Rule of Law in ASEAN Integration, 5

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Index A Accounting for Carbon...........................13 Adam Smith’s Wealth of Nations............23 Adaptive Challenge of Climate Change, The.....................................................12 Advance of the State in Contemporary China, The...........................................17 Africa’s Development in Historical Perspective..........................................15 Agrawal, Pradeep...................................15 Aguilera, Roberto F.................................12 Akyeampong, Emmanuel........................15 Albertus, Michael...................................21 Allen, Thomas J.........................................5 Almost All About Unit Roots.....................3 Amjad, Rashid........................................19 Analysis of Panel Data..............................2 Ansell, Ben W.........................................22 Anthropologies of Class..........................20 Anthropology and Economy....................24 Applied Choice Analysis............................1 Applied Nonparametric Econometrics........2 ASEAN Economic Community, The............9 ASEAN Economic Cooperation and Integration..........................................29 Austrian Banks in the Period of National Socialism.............................................29 Autocracy and Redistribution..................21

B Backhouse, Roger E................................23 Baranzini, Mauro L.................................23 Barreto, Humberto....................................9 Bartels, Lorand.......................................11 Bates, Robert H......................................15 Bavetta, Sebastiano................................17 Behind the Model...................................24 Bellassen, Valentin.................................13 Belleflamme, Paul.....................................5 Beramendi, Pablo...................................19 Berend, Ivan T.........................................24 Best-Worst Scaling...................................1 Bilateral and Regional Trade Agreements.11 Boix, Carles............................................21 Boland, Lawrence A................................23 Bordo, Michael D....................................11 Bottomley, Sean.....................................27 Bouma, Jetske A.....................................13 Brandt, Felix.............................................1 Bray, Francesca.......................................29 Breakwell, Glynis M..................................4 Brewer, Thomas L...................................21 British Economic Growth, 1270–1870....26 British Patent System during the Industrial Revolution 1700–1852, The.. 27 Broadberry, Stephen...............................26 Brummer, Chris.......................................18 Building Legislative Coalitions for Free Trade in Asia........................................19 Building Technology Transfer within Research Universities.............................5 Bunn, Matthew......................................13 Burgman, Mark A...................................29 Burki, Shahid Javed................................19 Busemeyer, Marius R..............................21 Buur, Lars...............................................19

C Cabrera, Luis..........................................14

Cambridge Economic History of Australia, The......................................26 Cambridge Economic History of Modern Britain, The.................................... 26, 27 Cambridge History of Capitalism, The......25 Campbell, Bruce M. S.............................26 Carnegie, Allison....................................18 Carrier, James G......................................20 Causal Inference for Statistics, Social, and Biomedical Sciences........................1 Chadha, Jagjit........................................11 Chakravarty, Satya R.................................4 Chambers, Christopher P...........................3 Champ, Bruce...........................................9 Chance, Strategy, and Choice....................4 Chen, An................................................20 Chia, Siow Yue.......................................29 Choi, In....................................................3 Clayton, Blake C.......................................6 Climate Change, Capitalism, and Corporations.......................................12 Climate, Energy and Water.....................13 Coclanis, Peter A.....................................29 Commodity Markets and the Global Economy...............................................6 Concise History of International Finance, A........................................................28 Conflict and Commerce in Maritime East Asia....................................................24 Conitzer, Vincent......................................1 Consumer Lending in France and America..............................................21 Contest Theory.........................................1 Contractual Knowledge..........................27 Corporate Strategy...................................6 Corruption and Government...................16 Cost-Benefit Analysis for Project Appraisal.............................................16 Cotton...................................................26 Course on Cooperative Game Theory, A.....4 Crabtree, Jason......................................13 Crafting Policies to End Poverty in Latin America..............................................20 Crystal, Alec...........................................11 Cultivating Success in the South.............28 Current Federal Reserve Policy Under the Lens of Economic History.....................11

D Davidson, Jamie S...................................20 de Haan, Jakob........................................6 de La Grandville, Olivier..........................14 De La O, Ana Lorena...............................20 De Moor, Tine.........................................22 De Vroey, Michel......................................9 Decker, Christopher..................................5 Deconinck, Koen......................................5 Dekker, Erwin.........................................23 Derrig, Richard A......................................8 Diasporas and Foreign Direct Investment in China and India...............................21 Diaz Anadon, Laura................................13 Dictators and Democracy in African Development.......................................16 Dilemma of the Commoners, The............22 Dovers, Stephen.....................................13 Driven by Demand..................................13 DuPlessis, Robert....................................25 Dür, Andreas............................................8 Dynamic Economic Analysis......................2

E Eaton, Sarah..........................................17 Echenique, Federico..................................3 Economic and Social Rights after the Global Financial Crisis..........................21 Economic Development in Early Modern France.................................................27 Economic Growth...................................14 Economic History of Europe, An..............28 Economic History of Twentieth-Century Europe, An..........................................24 Economics and Uncertainties of Nuclear Power, The...........................................13 Economics of Derivatives, The...................7 Economics of Public-Private Partnerships, The.................................17 Ecosystem Services.................................13 Electricity Restructuring in the United States..................................................13 Elite Parties, Poor Voters.........................22 Ellman, Michael......................................15 Elsig, Manfred..........................................8 Endriss, Ulle.............................................1 Engel, Eduardo.......................................17 Entertainment Industry Economics............7 Erasing the Invisible Hand......................23 Ercanbrack, Jonathan...............................7 Espa, Ilaria...............................................8 Ethics of Influence, The...........................16 Euro Experiment, The..............................10 Evensky, Jerry.........................................23 Expansionary Fiscal Contraction..............10 Expert Adjustments of Model Forecasts.....2 Export Empire........................................28 Export Restrictions on Critical Minerals and Metals............................................8

F Faia, Ester................................................6 Faricy, Christopher G...............................16 Federal Reserve’s Role in the Global Economy, The......................................11 Feldman, Gerald D..................................29 Ferleger, Louis A.....................................28 Fields-Black, Edda L................................29 Financial Markets and Institutions.............6 Financial Regulation.................................6 Fiscal Regimes and the Political Economy of Premodern States.............26 Fischer, Ronald D....................................17 Fitzgerald, Robert ..................................28 Floud, Roderick................................ 26, 27 Flynn, Terry N............................................1 Fontaine, Philippe...................................23 Foundation of the ASEAN Economic Community, The...................................29 Franses, Philip Hans..................................2 Free Trade and its Enemies in France, 1814–1851.........................................28 Freedom and the Pursuit of Happiness....17 Freeman, Scott.........................................9 Frees, Edward W.......................................8 Fukao, Kyoji............................................14 Full Industry Equilibrium...........................4 Fusaro, Maria.........................................25 Future of Financial Regulation, The...........6 Fynn-Paul, Jeff........................................27

Index G G20 Development Agenda, The...............15 Gagliardini, Patrick...................................3 Galetovic, Alexander...............................17 Gallego, Aina.........................................20 Global Coal Market, The.........................12 Globalization and Mass Politics...............17 Gouriéroux, Christian................................3 Governing the Commons........................22 Granularity Theory with Applications to Finance and Insurance...........................3 Great Divergence Reconsidered, The.......25 Greene, William H....................................1 Grier, Robin............................................15 Grifell-Tatjé, Emili.....................................7 Groeneboom, Piet....................................2 Gross, Stephen G....................................28 Gudeman, Stephen.................................24

H Hackethal, Andreas...................................6 Haliassos, Michael....................................6 Handbook of Computational Social Choice..................................................1 Hang, Xing.............................................24 Haslag, Joseph.........................................9 Häusermann, Silja..................................19 Hayes, Peter...........................................29 Hellwig, Timothy.....................................17 Henderson, Daniel J..................................2 Hensher, David A......................................1 Hilbe, Joseph M........................................2 Historiography of the Modern Social Sciences, A..........................................23 History of Macroeconomics from Keynes to Lucas and Beyond, A.........................9 Horn, Jeff...............................................27 Horncastle, Alan P.....................................2 Hotson, Anthony....................................10 Hough, Jerry F.........................................15 Hsiao, Cheng............................................2 Humpage, Owen F..................................11 Humphries, Jane............................... 26, 27 Hussey, Karen.........................................13

I Imbens, Guido W......................................1 Inama, Stefano................................... 9, 29 Inclusive Wealth Report 2014.................13 Indonesia’s Changing Political Economy..20 Industrial Organization.............................5 Inequality and Democratization..............22 Innovations in Sustainability...................14 Innovative Entrepreneur, The.....................6 Inside China’s Automobile Factories..........9 International Relations Theory...................4 Interpreting WTO Agreements...................8 Iran’s Political Economy since the Revolution...........................................18 Isser, Steve.............................................13

J James, Kathryn.........................................7 Japan’s Economic Planning and Mobilization in Wartime, 1930s–1940s.. 8 Jenkins, Jeffery A....................................20 Jia, Jimmy Y............................................13 Johansson, Per-Olov...............................16

Johnson, Marianne F...............................23 Johnson, Paul................................... 26, 27 Jongbloed, Geurt......................................2 Jorgenson, Dale W..................................14

K Kalb, Don...............................................20 Kaya, Ayse................................................8 King William’s Tontine..............................7 Kitschelt, Herbert....................................19 Kjær, Anne Mette...................................19 Klein, Alexander.....................................26 Kriesi, Hanspeter....................................19 Kriner, Douglas L....................................17 Kriström, Bengt......................................16 Kumbhakar, Subal C..................................2 Kydd, Andrew H........................................4

L Labour, Employment and Economic Growth in India...................................15 Land Bargains and Chinese Capitalism....17 Lang, Jérôme............................................1 Langenbucher, Katja.................................6 Lee, Dwight R...........................................3 Léon Walras: Elements of Theoretical Economics...........................................23 LeRoy, Stephen F.....................................10 Lester, Simon..........................................11 LeVan, A. Carl.........................................16 Lévêque, François...................................13 Lindemann, Mary...................................26 Long Process of Development, The..........15 Louviere, Jordan J.....................................1 Lovell, C. A. Knox......................................7 Lybeck, Johan A........................................6

M Machado, Pedro.....................................26 Maimone, Dario.....................................17 Mallard, Grégoire...................................27 Maloney, Suzanne..................................18 Managerial Sources of Corporate Social Responsibility, The...............................21 Marcus, Alfred A.....................................14 Markus, Stanislav...................................20 Marley, A. A. J...........................................1 Material Atlantic, The..............................25 McKenzie, Richard B.................................3 Medema, Steven G.................................23 Merchant Republics, The.........................26 Mercurio, Bryan......................................11 Mertens, Jean-François.............................4 Metz, John D..........................................28 Meyers, Glenn..........................................8 Microeconomics for MBAs........................3 Microfinance, Rights and Global Justice..14 Milevsky, Moshe.......................................7 Military’s Business, The...........................20 Milkis, Sidney M.....................................20 Min, Brian..............................................18 Mitra, Manipushpak.................................4 Miwa, Yoshiro..........................................8 Model Building in Economics..................23 Modeling Count Data...............................2 Modeling Monetary Economies.................9 Modern Economic Regulation...................5 Monson, Andrew....................................26 Morrison, Kevin M..................................22

31

Morse, Richard K....................................12 Mungiu-Pippidi, Alina.............................19

N Nageswaran, V. Anantha...........................7 Naoi, Megumi........................................19 Narayanamurti, Venkatesh......................13 Navarra, Pietro.......................................17 Neal, Larry....................................... 25, 28 Needham, Duncan..................................10 New Entrants Problem in International Fisheries Law, The..................................9 Nolan, Aoife...........................................21 Nonparametric Estimation under Shape Constraints............................................2 Nontaxation and Representation............22 Nunn, Nathan........................................15 Nyberg, Daniel.......................................12

O O’Brien, Karen........................................12 O’Shea, Rory P..........................................5 Oatley, Thomas.......................................20 Ocean of Trade.......................................26 Oosterloo, Sander.....................................6 Opocher, Arrigo........................................4 Ostrom, Elinor........................................22 Overton, Mark........................................26

P Pakistan.................................................19 Palifka, Bonnie J.....................................16 Parmeter, Christopher F.............................2 Particularistic President, The....................17 Path to Sustained Growth, The................24 Patt, Anthony.........................................12 Paul Samuelson on the History of Economic Analysis...............................23 Pearlman, Joseph...................................11 Peitz, Martin.............................................5 Pelkmans, Jacques....................................9 Perry, William H......................................23 Persson, Karl Gunnar..............................28 Pittock, Jamie.........................................13 Plummer, Michael G................................29 Political Economies of Empire in the Early Modern Mediterranean................25 Political Economy of American Hegemony, A.......................................20 Political Economy of Predation, The.........10 Political Order and Inequality..................21 Politics of Advanced Capitalism, The........19 Politics of African Industrial Policy, The....19 Politics of Major Policy Reform in Postwar America, The...........................20 Post-Soviet Power..................................20 Power and Global Economic Institutions...8 Power and the Vote................................18 Power Plays............................................18 Practitioner’s Guide to Stochastic Frontier Analysis Using Stata, A..............2 Predictive Modeling Applications in Actuarial Science...................................8 Price of Oil, The......................................12 Prichard, Wilson.....................................18 Principles of Financial Economics............10 Procaccia, Ariel D......................................1 Productivity Accounting............................7 Property, Predation, and Protection.........20

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32

Index Psychology of Risk, The.............................4 Public Services in EU Law.......................17 Puranam, Phanish....................................6

Q Quality Standards, Value Chains, and International Development....................5 Quest for Good Governance, The.............19 Qureshi, Asif H.........................................8

R Radetzki, Marian....................................12 Ramaswamy, K. V....................................15 Rasmussen, Mikkel Vedby.......................20 Reeves, Andrew......................................17 Repeated Games......................................4 Resources, Production and Structural Dynamics............................................23 Revealed Preference Theory......................3 Reviving Growth in India........................15 Rice.......................................................29 Riello, Giorgio........................................26 Rise and Decline of an Iberian Bourgeoisie, The..................................27 Rise of the Global Company, The.............28 Rise of the Value-Added Tax, The..............7 Rithmire, Meg E......................................17 Robinson, James....................................15 Rose-Ackerman, Susan...........................16 Rose, John M............................................1 Rotondi, Claudia....................................23 Rubin, Donald B.......................................1 Rules of Origin in ASEAN..........................9

S Sacerdoti, Giorgio.....................................8 Samuels, David J.....................................22 Samuels, Warren J. ................................23 Sarkar, Palash...........................................4 Sauter, Wolf...........................................17 Scazzieri, Roberto...................................23 Schäfer, Dagmar.....................................29 Scheidel, Walter.....................................26 Schoenmaker, Dirk....................................6 Selboe, Elin............................................12 Serdy, Andrew..........................................9 Sgard, Jérôme........................................27 Sharp, Paul.............................................28 Shome, Parthasarathi..............................15 Sim, Edmund W.................................. 9, 29 SinghaRoy, Debal K................................15

Sjåfjell, Beate...........................................8 Skills and Inequality...............................21 Smith, Peter...........................................11 Smith, Samuel Bruce.................................4 Socialist Planning...................................15 Socio-Economic Development.................14 Soft Law and the Global Financial System................................................18 Somanathan, T. V......................................7 Sorell, Tom.............................................14 Sorger, Gerhard........................................2 Sorin, Sylvain............................................4 Spiegler, Peter........................................24 Spulber, Daniel F.......................................6 Steedman, Ian..........................................4 Stephan, Nicolas....................................13 Studer, Roman........................................25 Sunstein, Cass R.....................................16 Sustainable Public Procurement under EU Law.................................................8 Swindle, Glen...........................................7 Swinnen, Johan........................................5 Szirmai, Adam........................................14

T Takeuchi, Hiroki......................................21 Tax Reform in Rural China......................21 Taxation, Responsiveness and Accountability in Sub-Saharan Africa....18 Teaching Macroeconomics with Microsoft Excel®...................................9 Thachil, Tariq..........................................22 Thauer, Christian R.................................21 Therkildsen, Ole......................................19 Thurber, Mark C......................................12 Timmer, Marcel P....................................14 Todd, David............................................28 Towards a Knowledge Society.................15 Trade Cooperation....................................8 Transformation of Governance in Rural China, The...........................................20 Transformation of Islamic Law in Global Financial Markets, The...........................7 Transforming Energy...............................12 Transforming U.S. Energy Innovation.......13 Trumbull, Gunnar...................................21 Trusting Judgements...............................29

U UK Economy in the Long Expansion and its Aftermath, The................................11

Unequal Political Participation Worldwide..........................................20 United Nations Environment Programme.13 United Nations University International Human Dimensions Programme...........13 United States in a Warming World, The...21

V Vahabi, Mehrdad....................................10 Valuation and Risk Management in Energy Markets.....................................7 van Beukering, Pieter J. H........................13 van Daal, Jan.........................................23 van Leeuwen, Bas..................................26 Vandemoortele, Thijs................................5 Vandeplas, Anneleen................................5 Vanneste, Bart..........................................6 Viennese Students of Civilization, The.....23 Ville, Simon............................................26 Vogel, Harold L.........................................7 Vojnovi , Milan.........................................1

W Walker, Donald A....................................23 Wallace, Paul..........................................10 Walras, Léon .........................................23 Wang, Hung-Jen.......................................2 Waterman, Anthony M. C........................23 Welfare for the Wealthy..........................16 Wengle, Susanne A.................................20 Werner, Jan............................................10 Whitfield, Lindsay...................................19 Wiesbrock, Anja.......................................8 Williamson, Jeffrey G..............................25 Withers, Glenn.......................................26 World Economy, The...............................14 Wright, Christopher................................12 Wright, Stephen.....................................11 Wrigley, E. A...........................................24 Wynne, Mark A.......................................11

Y Ye, Min..................................................21

Z Zamir, Shmuel..........................................4 Zhang, Lu.................................................9

Notes

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