Economics 2018
New and Forthcoming Titles pau l m i lg r o m
time. Earth at Risk is an in-depth, detailed account of the challenge our world faces, coupled with provocative suggestions of a path forward. Chapter after chapter provides essential context of the threats, grist for the debate over how
e ct hri ceaat l ai snsge t a l e a r nand i nthe g valuation g osoodcsioecti eyt y CLAUDE HENRy, a physicist
turned economist, is a professor of sustainable development at Sciences Po Paris and at Columbia University.
He is also currently president of the
Scientific Council of the Institute of Sustainable Development and International Relations.
LAURENCE TUbIANA
is
the founder and director of the Insti-
— John F. Kerry, Former U.S. Secretary oF State “The authors are ideally situated to understand the ins and outs of
the climate crisis, and in this book they deliver an insightful overview, one that will be useful to any student of our dilemma.”
— Bill m c KiBBen, aUthor oF The end of naTure
“Earth at Risk is uncomfortable but essential reading. Our planet and the life
it sustains face imminent peril from humankind’s success. As the authors make abundantly clear, it is now up to humankind to redefine success, to reinvent
economics, to develop a new global ethos of caring and sharing and, above all, to take with fierce urgency, the bold steps necessary to avert disaster.”
— Stephen heintz, preSident, rocKeFeller BrotherS FUnd
pr ces
tute of Sustainable Development and International Relations and professor
“A must-read for everyone concerned over humanity’s future on Earth.
and director of the Sustainable Devel-
Henry and Tubiana are clear: a global transformation to sustainability is our only
opment Center at Sciences Po Paris.
path to equity and prosperity. The situation is dire, but they provide overwhelming
She was the special representative of
evidence that we have the solutions we need—we must now adopt them. A
the French minister of foreign affairs
remarkable achievement, balancing risk and pragmatic hope in a perfect mix.”
for the 2015 Paris Climate Conference
— Johan rocKStröm, StocKholm UniverSity
(COP-21) and French ambassador for climate negotiations.
why some previous efforts failed, why others succeeded, and how,
a u c t io n D e s ig n i n ma r ke t s w i t h C o m p le x C o n s t ra i n t s UNIVERSITY PRESS / NEw YORk
drawing from the lessons of both kinds of experience, the world can achieve sustainable development in the future.”
— Scott Barrett, colUmBia UniverSity
Jacket design: Noah Arlow Jacket photo: © Dreamstime
COLUMBIA
Natural Capital and the Quest for Sustainability
“In Earth at Risk, Henry and Tubiana do more than explain why action is urgently needed to conserve the world’s natural capital. They also explain
earth at risk
c r e at i n g a d ls ec oavrenri nn gg
to confront them, and required reading for policy makers wrestling with reality.”
heNry and tubiaNa
“Claude Henry and Laurence Tubiana have written a critical book at a critical
c h r ist i a n go l l i e r
cup.columbia.edu Printed in the U.S.A.
COLUMBIA
“A critical book at a critical time.”— John F. Kerry
earth at
risk Natural Capital and the Quest for Sustainability
Claude heNry and l aureNCe tubiaNa
Co lumbia Unive r si t y P r ess c u p. c o l u m b i a . e d u
WE ARE SQUAN
our planet’s natural capita sity, water and soil, and clim at a blistering pace. Major be made to steer our plane away from our current, do Though technology has be drivers of the current trend able development, it is als essential tools for remedyin Risk maps out the necessar sustainability, detailing the science and technology, al institutional design, and ec can and must be put to use ronmental catastrophe.
Claude Henry and Laurence with a measure of the costs damage—the erosion of bi water, and soil pollution; a reaching effects of climate then consider the solutions now available or close on th that may lead to a more sust trajectory. What community ket-based tools can be use sustainable development? H able energy and energy sto help us decrease our use o How can we substitute ag the damaging chemical met trialized agriculture? Is inter ment on climate goals poss on the experience of the m climate negotiation of the de Risk shows what a world or the principles of sustainabil like, no matter how optimist at the present moment. Thou obstacles remain to the rea significant transition, Henry present the case for collec and change that build m implementation and action.
new and forthcoming
This past year started on a sad note, with the death of Kenneth J. Arrow. Arrow was admired by all who knew him for his limitless curiosity, his extraordinary breadth of work, and his kindness and humility—qualities appreciated anew each year at the annual Kenneth J. Arrow lecture at Columbia University, which Arrow attended and participated in up to the 2016 lecture from John Geanakoplos. In December 2017, Columbia celebrated his memory with a special day-long symposium that gathered world-renowned economists to reflect on how Arrow’s work shaped their own. The event culminated with the 10th annual Arrow lecture from Glenn C. Loury, prefaced by moving opening remarks from Arrow’s sister Anita Summers, Professor Emerita of the Wharton School. The lecture series continues to produce outstanding books, including Paul Milgrom’s Discovering Prices: Auction Design in Markets with Complex Constraints and Christian Gollier’s Ethical Asset Valuation and the Good Society, both published in 2017. Other partnerships with Columbia University are likewise productive. Our longstanding Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization series adds another book in 2018: The Welfare State Revisited, edited by series editors José Antonio Ocampo and Joseph E. Stiglitz. The Press is also happy to announce a new series with the Center on Global Energy Policy, edited by Jason Bordoff, which provides an independent and nonpartisan platform for timely analysis and recommendations to address today’s most pressing energy challenges. The series is off to a very strong start with three new books: The Fracking Debate: The Risks, Benefits, and Uncertainties of the Shale Revolution, by Daniel Raimi; The Art of Sanctions: A View from the Field, by Richard Nephew; and Crude Volatility: The History and the Future of Boom-Bust Oil Prices, by Robert McNally. The Press continues to be a leader in environmental economics and the economics of climate change. New books include Claude Henry and Laurence Tubiana’s Earth at Risk: Natural Capital and the Quest for Sustainability, which considers the innovations in science, technology, law, and economics that can be used to avert environmental catastrophe, and Lawrence Goulder and Marc Hafstead’s Confronting the Climate Challenge: U.S. Policy Options, which in William Nordhaus’s words “shows brilliantly how the United States can tackle the climate challenge effectively, using the fiscal system to slow climate change while protecting those who are vulnerable to the costs of a rapid transformation of the energy system.” Also coming in 2018 are Parkash Chander’s Game Theory and Climate Change and Coping with the Climate Crisis: Mitigation Policies and Global Coordination, edited by Rabah Arezki, Patrick Bolton, Karim El Aynaoui, and Maurice Obstfeld. Finally, we are delighted to announce the publication of Michael Grossman’s Determinants of Health: An Economic Perspective, which brings together the foundational health economist’s most important papers along with his own discussions of subsequent research. To accompany this, the Press has also reissued his classic 1972 monograph, The Demand for Health: A Theoretical and Empirical Investigation. Wishing you enjoyable reading, Bridget Flannery-McCoy, editor in economics 2
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CONTENTS
New and Forthcoming
New and forthcoming............................................3
c h r ist i a n go l l i e r
Ordering information.......................................... 19
e ct hri ceaat l ai snsge t a l e a r nand i nthe g valuation g osoodcsioecti eyt y
Best of the backlist................................................ 16
Manuscript queries and proposals can be sent to the following editor:
Ethical Asset Valuation and the Good Society Christian Gollier
Bridget Flannery-McCoy (bmf2119@columbia.edu) editor in economics. For a complete listing of Columbia’s titles or for more information about any book in this catalog, visit our website cup.columbia.edu. Most titles in this catalogue published by Columbia University Press are available worldwide from the press. If no UK price appears for a title, it is most likely available from Columbia only in the United States, its possessions, and Canada. Titles published by the Chinese University Press, the University of Tokyo Press, Auteur Press, Transcript-Verlag, and the Social Science Research Council are available from Columbia only in North America. To order titles from these publishers in other parts of the world, please contact each press directly.
Christian Gollier offers a powerful method for transforming societal goals of shared prosperity into the cornerstone of financial decision making. Ethical Asset Valuation and the Good Society builds a bridge between welfare economics and finance theory to provide a framework for establishing what asset prices should be on the basis of moral values. $30.00 / £24.95 cloth 978-0-231-17042-0 2017 248 pages
Kenneth J. Arrow Lecture Series
pau l m i lg r o m
c r e at i n g a d ls ec oavrenri nn gg
pr ces
Discovering Prices
Auction Design in Markets with Complex Constraints Paul Milgrom
a u c t io n D e s ig n i n ma r ke t s w i t h C o m p le x C o n s t ra i n t s
Paul Milgrom describes how auctions can be used to discover prices and guide efficient resource allocations. Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for solving complex resource allocation problems. $28.00 / £22.95 cloth 978-0-231-17598-2 2017 248 pages
Kenneth J. Arrow Lecture Series
For more information visit: cup.columbia.edu
3
new and forthcoming
e debate over how
f naTure
planet and the life the authors make
ccess, to reinvent
ring and, above all,
avert disaster.”
rotherS FUnd
uture on Earth.
inability is our only
ovide overwhelming
w adopt them. A
e in a perfect mix.”
verSity
hey also explain
he world can
e.”
rSity
Natural Capital and the Quest for Sustainability
n why action is
ed, and how,
“A critical book at a critical time.”— John F. Kerry
earth at risk
and outs of
ul overview, one
ma.”
heNry and tubiaNa
book at a critical
allenge our world
ard. Chapter after
estling with reality.”
y oF State
earth at
risk
Confronting the Climate Challenge
WE ARE SQUANDERING
our planet’s natural capital—its biodiversity, water and soil, and climate stability— at a blistering pace. Major changes must
Natural Capital and the Quest for Sustainability be made to steer our planet and people
away from our current, doomed course. Though technology has been one of the
drivers of the current trend of unsustainable development, it is also one of the
U.S. Policy Options
essential tools for remedying it. Earth at
Risk maps out the necessary transition to sustainability, detailing the innovations in
science and technology, along with law,
institutional design, and economics, that can and must be put to use to avert environmental catastrophe.
Lawrence Goulder and Marc Hafstead
Claude Henry and Laurence Tubiana Claude Henry and Laurence Tubiana begin
with a measure of the costs of ecological damage—the erosion of biodiversity; air,
water, and soil pollution; and the widereaching effects of climate change—and then consider the solutions that are either now available or close on the horizon and that may lead to a more sustainable global
trajectory. What community-driven or mar-
ket-based tools can be used to promote sustainable development? How can renew-
able energy and energy storage advances help us decrease our use of fossil fuels? How can we substitute agroecology for the damaging chemical methods of industrialized agriculture? Is international agreement on climate goals possible? Building
Natural Capital and the Quest for Sustainability
Claude heNry and l aureNCe tubiaNa
COLUMBIA
Earth at Risk
on the experience of the most significant climate negotiation of the decade, Earth at Risk shows what a world organized along the principles of sustainability could look like, no matter how optimistic it may seem at the present moment. Though formidable obstacles remain to the realization of this significant transition, Henry and Tubiana present the case for collective initiatives and change that build momentum for implementation and action.
Earth at Risk shows what a world organized along the principles of sustainability could look like, building on the experience of the 2015 Paris Climate Conference. Though formidable obstacles remain, Claude Henry and Laurence Tubiana present the case for collective initiatives and change that build momentum for implementation and action.
Confronting the Climate Challenge presents a unique framework for evaluating the impacts of U.S. climate-policy options. Lawrence Goulder and Marc Hafstead demonstrate that these policies—if designed correctly—not only can reduce emissions at low cost but also can avoid burdening low-income households or especially vulnerable industries.
$35.00 / £27.95 cloth 978-0-231-16252-4
2017 376 pages 48 illus.
2017 376 pages
$65.00 / £54.95 cloth 978-0-231-17902-7
Determinants of Health
The Demand for Health
Michael Grossman
Michael Grossman
An Economic Perspective
An Economic Perspective
This collection of Michael Grossman’s most important papers adds essential background and depth to his work on economic determinants of public health. It contextualizes the issues and addresses the larger stakes of his work. Determinants of Health explains how the economic choices people make influence health and health behaviors.
A seminal work in health economics first published in 1972, Michael Grossman’s The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature..
$80.00 / £66.95 cloth 978-0-231-17812-9
$20.00 / £15.95 paper 978-0-231-179010-3
2017 832 pages 22 illus.
$60.00 / £49.95 cloth 978-0-231-17900-3
2017 216 pages
4
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New and Forthcoming
A New Foreign Policy
Sovereign Wealth Funds in Resource Economies
Beyond American Exceptionalism
Institutional and Fiscal Foundations
Jeffrey D. Sachs
Khalid Alsweilem and Malan Rietveld
Jeffrey D. Sachs presents timely and achievable plans to foster global economic growth and shift from war making to peacemaking. A New Foreign Policy explores both the danger of the “America first” mindset and the concrete steps the United States must take to build a multipolar world that is prosperous, peaceful, fair, and resilient.
Sovereign Wealth Funds in Resource Economies explains the fiscal rules and institutional structures that can make SWFs thrive, providing a practical and theoretical guide to their optimal use in resource-revenue management. Khalid Alsweilem and Malan Rietveld's institutional perspective examines both investment and disbursement strategies.
$17.95 / £14.95 cloth 978-0-231-18848-7
$65.00 / £54.95 cloth 978-0-231-18354-3
2018 128 pages
2017 304 pages 14 illus.
The New Frontiers of Sovereign Investment THE NEW
FRONTIERS OF
Edited by Malan Rietveld and Perrine Toledano
How Much
INEQUALITY Is Fair?
Mathematical Principles of a Moral, Optimal, and Stable Capitalist Society
SOVEREIGN INVESTMENT
How Much Inequality Is Fair? Mathematical Principles of a Moral, Optimal, and Stable Capitalist Society
Venkat Venkatasubramanian
Edited by MALAN RIETVELD & PERRINE TOLEDANO
The New Frontiers of Sovereign Investment combines the insights and experience of academic economists and practitioners from several funds to survey a diverse financial landscape and the challenging questions facing a broad range of SWFs today. This book provides a sorely needed practical look at how these funds work—and how they should work. $65.00 / £54.95 cloth 978-0-231-17750-4
V E N K AT V E N K ATA S U B R A M A N I A N
How Much Inequality Is Fair? synthesizes concepts from economics, political philosophy, game theory, information theory, statistical mechanics, and systems engineering into a mathematical framework for a fair free-market society. Venkat Venkatasubramanian compares his theory’s predictions to actual inequality data and discusses its implications.
2017 312 pages 20 illus.
$60.00 / £49.95 cloth 978-0-231-18072-6
2017 304 pages 35 illus.
For more information visit: cup.columbia.edu
5
new and forthcoming
Law and the Wealth of Nations Finance, Prosperity, and Democracy Tamara Lothian
The Fracking Debate
THE FRACKING DEBATE
The Risks, Benefits, and Uncertainties of the Shale Revolution Daniel Raimi
THE RISKS, BENEFITS, AND UNCERTAINTIES OF THE SHALE REVOLUTION
DANIEL RAIMI
Tamara Lothian shows a path to the reconstruction of the economy in the service of both growth and inclusion that would reignite economic growth by democratizing the market. Law and the Wealth of Nations offers a progressive approach to the supply side of the economy and proposes innovation in our fundamental economic arrangements.
Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. The Fracking Debate provides the evidence and context that have so frequently been missing from discussion of the future of oil and gas production.
$35.00 / £27.95 cloth 978-0-231-17466-4
$30.00 / £24.95 cloth 978-0-231-18486-1
2017 416 pages
2017 280 pages 30 illus.
Center on Global Energy Policy Series
The Art of Sanctions THE
ART
OF
rober t mcnally
A View from the Field Richard Nephew
A View from the Field
crude
Crude Volatility
The History and the Future of Boom-Bust Oil Prices Robert McNally
VOLATILITY
Richard Nephew
The hisTory and The FuTure oF Boom-BusT oil Prices
The Art of Sanctions offers a practical framework for planning and applying sanctions based on two critical factors: pain and resolve. Focusing on lessons learned from sanctions on Iran and Iraq, Richard Nephew provides policymakers with practical guidance on how to measure and respond to pain and resolve to achieve successful sanctions regimes. $35.00 / £27.95 cloth 978-0-231-18026-9
Crafting an engrossing journey from the Pennsylvania oil fields of the 1860s to today's Middle East, Crude Volatility shows how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Robert McNally explains how oil became so central to our world and why it is subject to such extreme price fluctuations.
2017 232 pages
$35.00 / £27.95 cloth 978-0-231-17814-3
Center on Global Energy Policy Series
2017 336 pages
6
Center on Global Energy Policy Series
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New and Forthcoming
The Welfare State Revisited
Edited by José Antonio Ocampo and Joseph E. Stiglitz
EFFICIENCY, FINANCE, AND VARIETIES OF
INDUSTRIAL POLICY Guiding Resources, Learning, and Technology for Sustained Growth
e di t ed b y
Akbar Noman & Joseph E. Stiglitz
Efficiency, Finance, and Varieties of Industrial Policy
Guiding Resources, Learning, and Technology for Sustained Growth Edited by Akbar Noman and Joseph E. Stiglitz
The welfare state has been under attack for decades, but now more than ever we need strong social programs to combat inequality, support social justice, and even improve economic performance. This book brings together distinguished contributors to examine global variations of social programs and make the case for a redesigned welfare state.
This volume revisits the role of industrial policy, discussing the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India’s experience with industrial policy in the banking and private sector.
$70.00 / £58.95 cloth 978-0-231-18544-8
$70.00 / £58.95 cloth 978-0-231-18050-4
2018 384 pages 65 illus.
2016 528 pages 113 illus.
Initiative for Policy Dialogue at Columbia:
Initiative for Policy Dialogue at Columbia:
Challenges in Development and Globalization
Challenges in Development and Globalization
TOO LITTLE, TOO L ATE The Quest to Resolve Sovereign Debt Crises
Too Little, Too Late
Toward a Just Society
The Quest to Resolve Sovereign Debt Crises
Joseph Stiglitz and Twenty-First Century Economics
Edited by Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz
Edited by Martin Guzman
Martin Guzman, José Antonio Ocampo, & Joseph E. Stiglitz, Editors
The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and do too little. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. $70.00 / £58.95 cloth 978-0-231-17926-3
This collection of essays reflects on how modern economics has been shaped by Joseph Stiglitz. High-profile authors spanning microeconomics, macroeconomics, inequality, development, law and economics, and public policy take up the central debates and discoveries of the field and provide insights on the future directions of academic economics.
2016 312 pages 13 illus.
$75.00 / £62.95 cloth 978-0-231-18672-8
Initiative for Policy Dialogue at Columbia:
2018 640 pages 57 illus.
Challenges in Development and Globalization
For more information visit: cup.columbia.edu
7
new and forthcoming
Game Theory and Climate Change
Coping with the Climate Crisis
Parkash Chander
Mitigation Policies and Global Coordination
Rabah Arezki, Patrick Bolton, Karim El Aynaoui, Maurice Obstfeld
Parkash Chander argues that we can make progress on the climate-change impasse through incorporating the insights of game theory. Chander offers economic and game-theoretic interpretations of both the Kyoto Protocol and the Paris Agreement and discusses the policy recommendations his framework generates.
Coping with the Climate Crisis brings together leading experts from academia and policy circles to explore issues related to the implementation of the COP21 Paris Agreement and the challenges of accelerating the transition toward sustainable development. The book synthesizes the key insights of climate change economics in an accessible guide.
$70.00 / £58.95 cloth 978-0-231-18464-9
$60.00 / £49.95 cloth 978-0-231-18756-5
2018 336 pages 19 illus.
2018 208 pages 30 illus.
The Economics of Airlines
The Economics of Arms
Volodymyr Bilotkach
Keith Hartley
This book explores the economic realities of the airline industry, how airlines compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the airline industry we see today. Volodymyr Bilotkach provides an unrivaled analysis of how the airline industry makes and loses money.
This book explains how the arms industry makes its money. Keith Hartley offers an authoritative nontechnical introduction to the economics of arms industries and considers future trends, such as whether arms industries are better under state or private ownership, and how they can meet the challenge of new threats in different forms.
$23.00 / £19.00 paper 978-1-911116-14-1
$23.00 / £19.00 paper 978-1-911116-24-0
$75.00 / £62.95 cloth 978-1-911116-13-4
$75.00 / £62.95 cloth 978-1-911116-23-3
2017 176 pages
2017 176 pages
Agenda Publishing
Agenda Publishing
8
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New and Forthcoming
Everyday Economics
The History of Economics
A User's Guide to the Modern Economy
A Course for Students and Teachers
Steve Coulter
Roger E. Backhouse and Keith Tribe
This book explores the role played by the individual in the economy, in particular, how the individual experiences the economy. It shows the role of government, markets, and welfare in shaping our lives, providing an overview of the workings of the economy that takes as its starting point the interface between the individual and the system.
Roger E. Backhouse and Keith Tribe present a broad introduction to the history of economic thought that provides much-needed context behind the development of ideas and a guide through the original writings of major economists. They seek to emphasize a diversity that is sometimes suppressed in more conventional textbooks.
$30.00 / £24.95 paper 978-1-911116-36-3
$30.00 / £24.95 paper 978-1-911116-70-7
$95.00 / £79.95 cloth 978-1-911116-35-6
$95.00 / £79.95 cloth 978-1-911116-69-1
2017 288 pages
2017 320 pages
Agenda Publishing
Agenda Publishing
An Economic History of Europe Since 1700
Behavioural Economics
Vera Zamagni
Graham Mallard
Vera Zamagni provides a new economic history of Europe from the birth of industrialization to the financial crisis and its aftermath. The remarkable story of European economic growth is set within the wider context of world economic progress and alongside developments in Asia, Eastern Europe, and the United States to provide an up-to-date survey.
This book introduces behavioural economics, explaining its approach and methodology and assessing its successes and weaknesses. Graham Mallard explores how it has advanced our understanding of human preferences and decision making and the ways in which findings from behavioural economics have been used to alter the decisions people make.
$30.00 / £24.95 cloth 978-1-911116-39-4
$23.00 / £19.00 paper 978-1-911116-41-7
$90.00 / £74.95 cloth 978-1-911116-38-7
$70.00 / £58.95 cloth 978-1-911116-40-0
2017 320 pages
2017 176 pages
Agenda Publishing
Agenda Publishing
For more information visit: cup.columbia.edu
9
new and forthcoming
Planning for Crisis
The Paradox of Risk
Strategy and Management Theory and the Impact of Economic Uncertainty
Leaving the Monetary Policy Comfort Zone Ángel Ubide
Carol M. Connell
Carol M. Connell investigates how theorists have drawn from economic recessions to inform strategies for institutional management and growth in times of crisis. She explores research and theory from economics, the behavioral and social sciences, finance, and business management devoted to limiting the effects of economic downturns.
The Paradox of Risk contends that central banks’ fear of inflation and risk taking has hampered their efforts to revive global prosperity. Ángel Ubide mobilizes a wealth of research on the experience from the last decade, urging policymakers to leave their "comfort zone," embrace risk taking, and take bolder action to brighten economic prospects.
$95.00 / £79.95 cloth 978-1-911116-05-9
$23.95 / £19.95 paper 978-0-88132-719-9
2017 320 pages
2017 170 pages
Agenda Publishing
Peterson Institute for International Economics
Marginalism
The Market
Matthew Watson
Matthew Watson unpacks the concept of the market to ask what does it really mean to allow ourselves to submit to market forces. This book provides a deeper appreciation of the dominant economic language of our time, challenging the idea that we can simply defer to the “logic of the market.” $27.00 / £23.00 paper 978-1-911116-61-5
Bert Mosselmans
The notion of marginalism is central to modern economic theory. Its emergence in the 1870s underpinned the change from classical economics to modern (micro)economics. This book explores the origins of the concept, its development, and its role in modern economics and shows why the marginalist approach is much more than a set of mathematical rules.
$90.00 / £74.95 cloth 978-1-911116-60-8
$23.00 / £19.00 paper 978-1-911116-67-7
2017 208 pages
$70.00 / £58.95 cloth 978-1-911116-66-0
Agenda Publishing
2018 192 pages
Agenda Publishing
10
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New and Forthcoming
Degrowth
The Federal Reserve and its Founders
Giorgos Kallis
Money, Politics, and Power Richard Naclerio
Giorgos Kallis summarizes the core elements of degrowth, a critique of the idea (and ideology) of economic growth. Kallis grounds degrowth squarely within the field of ecological economics and, in addition to outlining its key ideas, explores what it would take for an economy to transition to a position that enabled it to prosper without growth.
Richard A. Naclerio investigates the events that surrounded the U.S. Federal Reserve's creation and the bankers, financiers, and economists who shaped its role over the next century. He sheds new light on the making of one of the world's most important financial institutions and how it came to have such crucial national and international influence.
$23.00 / £19.00 paper 978-1-911116-80-6
$70.00 / £58.95 cloth 978-1-911116-03-5
$70.00 / £58.95 cloth 978-1-911116-79-0
2018 288 pages 20 illus.
2018 176 pages
Agenda Publishing
Agenda Publishing
$25.00 / £20.00 paper 978-1-911116-78-2
Civil Economy
Analysing Corruption
Another Idea of the Market
An Introduction Dan Hough
Luigino Bruni and Stefano Zamagni
Luigino Bruni and Stefano Zamagni, advocate for a civil economy, which places well-being, virtue, and the common good alongside more familiar economic goals. This book explores the civil economy approach's origins and development, examines its pioneers and main representatives, and explains the many different fields of application.
This textbook introduces students to the field of corruption analysis and the challenges facing its researchers. Dan Hough provides an authoritative and engaging introduction to a subject that remains the largest public policy challenge that the state faces in many parts of the world.
$20.00 / £16.00 paper 978-1-911116-004
$85.00 / £70.95 cloth 978-1-911116-54-7
$30.00 / £24.95 paper 978-1-911116-55-4
$65.00 / £54.95 cloth 978-1-911116-01-1
2017 256 pages
2017 160 pages
Agenda Publishing
Agenda Publishing
For more information visit: cup.columbia.edu
11
new and forthcoming
The Money Laundering Market
Facing Up to Low Productivity Growth
Regulating the Criminal Economy
Edited by Jeromin Zettelmeyer and Adam Posen
Edited by Killian McCarthy
This volume takes an integrated look at money laundering, by considering the laws, the launderers, and the new economics of money laundering in the digital age. $90.00 / £74.95 cloth 978-1-911116-43-1 2017 288 pages
Agenda Publishing
This volume analyze the impact of sustained lower productivity growth on public finances, social protection, trade, capital flows, wages, and inequality. It concludes that slow productivity growth could aggravate inequality and increase concentration of market power and also proposes ways that countries can cope with these consequences. $23.95 / £19.95 paper 978-0-88132-731-1 2018 175 pages
Peterson Institute for International Economics
Sustaining Economic Growth in Asia
The Democratic Developmental State
Edited by Jérémie CohenSetton, Thomas Helbling, and Adam Posen
North-South Perspectives
Edited by Chris Tapscott, Tor Halvorsen, and Teresita Cruz-Del Rosario
Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as “secular stagnation.” Leading experts discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances in essays on innovation, demographics, spillovers, and various policy proposals.
The concept of a democratic developmental state is part of the current development discourse advocated by international aid agencies, deliberated on by academics, and embraced by policymakers in many emerging economies in the global South. This volume investigates these attempts to establish a new and more inclusive conceptualization of the state.
$23.95 / £19.95 paper 978-0-88132-733-5
$45.00 / £37.95 paper 978-3-8382-1045-2
2018 175 pages
2018 302 pages
Peterson Institute for International Economics
ibidem Press
12
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New and Forthcoming
World on the Move
Poverty in a Rich Society
Consumption Patterns in a More Equal Global Economy
The Case of Hong Kong
Edited by Maggie Lau and David Gordon
Paolo Mauro and Tomas Hellebrandt Assisted by Jan Zilinsky
The world is poised on the threshold of economic changes that will reduce the income gap between the rich and poor on a global scale. Tomas Hellebrandt and Paolo Mauro detail how this important moment in world history will unfold and serve as a warning to policymakers to prepare for the profound effects on the world economy and the planet. $23.95 / £19.95 paper 978-0-88132-716-8 2016 166 pages
Peterson Institute for International Economics
This book brings together some of Hong Kong’s and the U.K.’s leading experts to examine poverty in Hong Kong. It advances the theory and practice of poverty and social exclusion measurement, and will inspire comparative research and policy analyses for better policy initiatives. $52.00 / £43.95 cloth 978-962-996-788-8 2017 210 pages
The Chinese University Press
Managing Expatriates
Cornerstone Investors
Edited by Heiko Rüger, Deniz Ones, and Brenton Wiernik
Philippe Espinasse
Success Factors in Private and Public Domains
A Practice Guide for Asian IPOs
This volume examines the individual, social, and environmental factors that contribute to the success of expatriate employees. Using data from large-scale studies from both the public and private sectors, contributors provide valuable insights into expatriate success with implications for both theoretical understanding and practical management.
Philippe Espinasse explains the process of gathering cornerstone investors in connection with IPOs and other equity offerings. This essential guide contains key information on the legal framework for cornerstone investors in Hong Kong, Malaysia, and Singapore and offers practical advice on how best to structure and conduct a cornerstone offering.
$60.00 / £49.95 cloth 978-3-8474-2031-6
$45.00 / £37.95 cloth 978-988-8455-84-3
2017 300 pages
2018 256 pages
Barbara Budrich Publishers
Hong Kong University Press
For more information visit: cup.columbia.edu
13
new and forthcoming
Fixing Inequality in Hong Kong
The Contradictions of Capital in the TwentyFirst Century
Yue Chim Richard Wong
The Piketty Opportunity
Edited by Pat Hudson and Keith Tribe
Fixing Inequality in Hong Kong argues that universal retirement support, minimum wage, and standard hours of work are of limited effect in alleviating inequality. Comparing Hong Kong with Singapore, Richard Wong shows that Hong Kong needs a new long-term strategy, recommending more investment in education and immigration policy reforms.
This volume builds upon the renewed interest in the long-run global development of wealth and inequality stimulated by Thomas Piketty. It brings together an international team of leading economic historians and economists to provide a comprehensive overview of the theory, practice, and policy of inequality and its place in the modern world order.
$65.00 / £54.95 cloth 978-988-8390-62-5
$95.00 / £79.95 cloth 978-1-911116-10-3
2017 288 pages
2017 256 pages
Hong Kong University Press
Agenda Publishing
$30.00 / £24.95 paper 978-1-911116-11-0
Karl Marx’s ‘Capital’ and the Present
Capitalism, Socialism, and Property Rights
Four Essays
Why Market Socialism Cannot Substitute the Market
C. P. Chandrasekhar
Foreword by Prabhat Patnaik
This book presents four lectures on Marx's Capital, delivered by C. P. Chandrasekhar on Volume 1's anniversary: "Capital and the Critique of Bourgeois Political Economy"; "Order and Anarchy in the Capitalist System"; 'Revisiting Capital in the Age of Finance"; and "Marx's Capital and the Current Crisis in Capitalism." $19.00 / £14.95 cloth 978-81-93401-56-9
Mateusz Machaj
Mateusz Machaj offers an in-depth examination of one of the defining issues that separates capitalism from socialism—the system of ownership or property rights—to highlight fundamental problems in the market socialism model. He shows that the mechanism of efficiency in market socialism is unable to play the part ascribed to it by its theoreticians.
2018 112 pages
$90.00 / £74.95 cloth 978-1-78821035-5
Tulika Books
2018 240 pages
Agenda Publishing
14
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New and Forthcoming
Currency Conflict and Trade Policy
The New Politics of Trade
A New Strategy for the United States
Lessons from TTIP Alasdair R. Young
C. Fred Bergsten and Joseph E. Gagnon
C. Fred Bergsten and Joseph E. Gagnon trace the history, causes, and effects of currency manipulation and analyzes a range of policy responses that the United States could adopt. The book is an indispensable guide to a complex and serious problem and what might be done to solve it. $25.95 / £20.95 paper 978-0-88132-726-7
Alasdair Young analyzes the Transatlantic Trade and Investment Partnership negotiations and explores why they have proved so difficult to conclude. He sheds light on the limits of transatlantic cooperation and teases out the implications for the UK in post-Brexit trade negotiations and for facing a more protectionist stance from the United States.
2017 230 pages
$23.00 / £19.00 paper 978-1-911116-75-2
Peterson Institute for International Economics
$85.00 / £70.95 cloth 978-1-911116-74-5
2017 192 pages
Agenda Publishing
The Political Economy of Brexit
Banking's Final Exam Stress Testing and BankCapital Reform
Edited by David Bailey and Leslie Budd
Morris Goldstein
This collection of essays explores the ramifications of the Brexit decision for the UK and European economies. These essays provide an important first step in assessing the threats and challenges that a Brexit poses for the UK and wider EU economy and will be welcome reading for anyone in search of some rigor and clarity amid the hyperbole.
In Banking’s Final Exam, one of the world’s leading experts on banking regulation concludes that financial institution stress tests suffer from fundamental weaknesses, leading to a false sense of security about the soundness of the banking system. Some can be corrected within the existing bank-capital regime, but others will require bold reforms.
$25.00 / £20.00 paper 978-1-911116-64-6
$23.95 / £19.95 paper 978-0-88132-705-2
$85.00 / £70.95 cloth 978-1-911116-63-9
2017 350 pages
2017 192 pages
Peterson Institute for International Economics
Agenda Publishing
For more information visit: cup.columbia.edu
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best of the backlist
Moral Hazard in Health Insurance
Speculation, Trading, and Bubbles
Amy Finkelstein
José A. Scheinkman
With Kenneth J. Arrow, Jonathan Gruber, Joseph P. Newhouse, and Joseph E. Stiglitz
With Kenneth J. Arrow, Patrick Bolton, Sanford J. Grossman, and Joseph E. Stiglitz
Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Amy Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this.
In this book, José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions— Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations.
$19.95 / £14.95 cloth 978-0-231-16380-4
$19.95 / £14.95 cloth 978-0-231-15902-9
2014 160 pages
2014 128 pages
Kenneth J. Arrow Lecture Series
Kenneth J. Arrow Lecture Series
The Arrow Impossibility Theorem Eric Maskin and
Amartya Sen
With Kenneth J. Arrow,
Partha Dasgupta, Prasanta K. Pattanaik, and Joseph E. Stiglitz
j o s e p h e . st i g l i t z a n d bruce c. greenwald
c r e at i n g a learning society
Creating a Learning Society
A New Approach to Growth, Development, and Social Progress Joseph E. Stiglitz and Bruce C. Greenwald
a new approach to growth, development, and social progress
With Robert M. Solow, and Michael Woodford
In this book Eric Maskin and Amartya Sen explore the implications of Kenneth J. Arrow’s pathbreaking “impossibility theorem.” Sen considers its ongoing utility, exploring the theorem’s value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal—given the impossibility of achieving the ideal.
To understand how countries grow and develop, it is essential to know how they learn and become more productive and what government can do to promote learning. In Creating a Learning Society, Joseph E. Stiglitz and Bruce C. Greenwald cast light on the significance of this insight for economic theory and policy.
$19.95 / £14.95 cloth 978-0-231-15328-7
2014 680 pages Charts: 45,
2014 1686 pages
Kenneth J. Arrow Lecture Series
Kenneth J. Arrow Lecture Series
16
$34.95 / £27.95 cloth 978-0-231-15214-3
Order online and save 30% on american History titles. Enter Code: CONF
best of the backlist
The Age of Sustainable Development
Foreword by
ban Ki-moon
ECONOMIC THOUGHT
Jeffrey D. Sachs
A BRIEF HISTORY
Foreword by Ban Ki-moon
Economic Thought A Brief History Heinz D. Kurz
Translated by Jeremiah Riemer
THE AGE OF SUSTAINABLE DEVELOPMENT EDwARD O. wilSOn
JEFFREY D. SACHS
HEINZ D. KURZ
Jeffrey D. Sachs presents a compelling and practical framework for how global citizens can use a holistic way forward to address the seemingly intractable worldwide problems of persistent extreme poverty, environmental degradation, and political-economic injustice. Sachs offers readers, students, activists, environmentalists, and policy makers the tools, metrics, and practical pathways they need to address these issues through sustainable development.
In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. $20.00 / £14.95 paper 978-0-231-17259-2 $27.00 / £21.95 cloth 978-0-231-17258-5 2017 224 pages
$39.95 / £32.95 paper 978-0-231-17315-5 2015 544 pages
JEFFREY D. SACHS
➤
BUILDING THE NEW AMERICAN ECONOMY
➤
SMART, FAIR, & SUSTAINABLE
➤
FOREWORD BY BERNIE SANDERS
➤
➤
Building the New American Economy Smart, Fair, and Sustainable
Jeffrey D. Sachs Foreword by Bernie Sanders
ec end on an om ge geo ffr re ey i e Hea s d l
tHr How eat tH ens e n our egle pro ct o spe f na rit tur y e
“My candidate for most important book in current circulation.”
Jeffrey D. Sachs shows how the United States can find a path to renewed economic progress that is fair and environmentally sustainable. Sachs explores issues including infrastructure, trade deals, energy policy, and income inequality, providing illuminating and accessible explanations of the forces at work and specific policy solutions. $12.95 / £9.95 paper 978-0-231-8405-2
Endangered Economies
How the Neglect of Nature Threatens Our Prosperity Geoffrey Heal
One of the founders of environmental economics clearly and passionately demonstrates that the only way to achieve long-term economic growth is to protect our environment. After painting a stark picture of our current state, Geoffrey Heal outlines simple solutions that have already proven effective in conserving nature and boosting economic growth.
$17.95 / £14.95 cloth 978-0-231-18404-5
$35.00 / £27.95 cloth 978-0-231-18084-9
2017 152 pages
2016 240 pages
For more information visit: cup.columbia.edu
17
best of the backlist
HOW CHINA IS BUILDING A GLOBAL CURRENCY
THE PEOPLE’S
M NEY
The People’s Money
How China Is Building a Global Currency Paola Subacchi
Jonathan Schwabish
The People's Money introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Paola Subacchi shows that the key to understanding China's economic predicament lies in past and future strategies for the renminbi. $35.00 / £27.95 cloth 978-0-231-17346-9 2016 256 pages
Ac h i e v i ng Be t t e r A n d cl e A n e r grow t h
BETTER PRESENTATIONS
A Guide for Scholars, Researchers, and Wonks Jonathan Schwabish
A Guide for Scholars, Researchers, and Wonks
PA O L A S U B A C C H I
The economics of Air PolluTion in chinA
Better Presentations
Following three core principles—visualize, unify, and focus—Better Presentations describes how to visualize data effectively, find and use images appropriately, choose sensible fonts and colors, edit text for powerful delivery, and restructure a written argument for maximum engagement and persuasion. With a range of clear examples for what to do (and what not to do), Jonathan Schwabish provides the best techniques to display work and the best tactics for winning over audiences. $24.95 / £19.95 paper 978-0-231-17521-0 $75.00 / £62.95 cloth 978-0231-17520-3 2016 192 pages
The Economics of Air Pollution in China Achieving Better and Cleaner Growth Ma Jun
Governing Access to Essential Resources GOVERNING A C C E S S to ESSENTIAL RESOURCES
Edited by Katharina Pistor and Olivier De Schutter
Edited by
k at h a r i n a p i s t o r and olivier de schutter
mA Jun
The Economics of Air Pollution in China makes the case that the trade-off between growth and environment is not inevitable. In his ambitious proposal to tackle severe air pollution, Ma Jun argues that in targeting pollution, China has a real opportunity to undertake significant structural economic reforms that would support long-term growth.
This book argues that essential resources ought to be governed by a combination of Voice and Reflexivity: the ability of social groups to choose the rules by which they are governed and the opportunity to question one's own preferences in light of competing claims and to accommodate them in a collective learning process.
$65.00 / £54.95 cloth 978-0-231-17494-7
$60.00 / £49.95 cloth 978-0-231-17278-3
2016 312 pages 87 illus.
2015 392 pages 14millus.
18
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