The Theory of International Prices PDF Download

Author: James Waterhouse Angell
Publisher: Cambridge, Harvard University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 598

View

Book Description

Author: Hartmut Behr
Publisher: Springer
ISBN: 0230248381
Category : Political Science
Languages : en
Pages : 305

View

Book Description
Contemporary theory of international politics faces a twofold problem: the critical engagement with legacies of national power politics in connection to 20th Century International Relations and the regeneration of notions of humanity. This book contributes to this engagement by a genealogy of thoughts on war, peace, and ethics.

Author: Lothar Brock
Publisher: Oxford University Press
ISBN: 0192634631
Category : Law
Languages : en
Pages : 560

View

Book Description
The history of war is also a history of its justification. The contributions to this book argue that the justification of war rarely happens as empty propaganda. While it is directed at mobilizing support and reducing resistance, it is not purely instrumental. Rather, the justification of force is part of an incessant struggle over what is to count as justifiable behaviour in a given historical constellation of power, interests, and norms. This way, the justification of specific wars interacts with international order as a normative frame of reference for dealing with conflict. The justification of war shapes this order, and is being shaped by it. As the justification of specific wars entails a critique of war in general, the use of force in international relations has always been accompanied by political and scholarly discourses on its appropriateness. In much of the pertinent literature the dominating focus is on theoretical or conceptual debates as a mirror of how international normative orders evolve. In contrast, the focus of the present volume is on theory and political practice as sources for the re- and de-construction of the way in which the justification of war and international order interact. With contributions from international law, history, and international relations, and from Western and non-Western perspectives, this book offers a unique collection of papers exploring the continuities and changes in war discourses as they respond to and shape normative orders from early modern times to the present.

Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545

View

Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Author: Paul Milgrom
Publisher: Columbia University Press
ISBN: 023154457X
Category : Business & Economics
Languages : en
Pages : 222

View

Book Description
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, 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 dealing with the world’s growing complex resource-allocation problems.

Author: Marc Trachtenberg
Publisher: Princeton University Press
ISBN: 0691152039
Category : History
Languages : en
Pages : 336

View

Book Description
A new way of looking at international relations from a leading expert in the field What makes for war or for a stable international system? Are there general principles that should govern foreign policy? In The Cold War and After, Marc Trachtenberg, a leading historian of international relations, explores how historical work can throw light on these questions. The essays in this book deal with specific problems—with such matters as nuclear strategy and U.S.-European relations. But Trachtenberg's main goal is to show how in practice a certain type of scholarly work can be done. He demonstrates how, in studying international politics, the conceptual and empirical sides of the analysis can be made to connect with each other, and how historical, theoretical, and even policy issues can be tied together in an intellectually respectable way. These essays address a wide variety of topics, from theoretical and policy issues, such as the question of preventive war and the problem of international order, to more historical subjects—for example, American policy on Eastern Europe in 1945 and Franco-American relations during the Nixon-Pompidou period. But in each case the aim is to show how a theoretical perspective can be brought to bear on the analysis of historical issues, and how historical analysis can shed light on basic conceptual problems.

Author: Marian Bowley
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 248

View

Book Description
Compilation of six studies concerning the history of economic theory from the seventeenth century up to 1870 - covers the economic analysis of interest, theories of value, price mechanism, market structure, wages and profit, examines contributions of cantillon, adam smith, ricardo, malthus etc., and outlines contemporary attitudes to the role of work and capital.

Author: Torbjorn L. Knutsen
Publisher: Manchester University Press
ISBN: 9780719049309
Category : History
Languages : en
Pages : 370

View

Book Description
Torbjorn L. Knutsen introduces ideas on international relations expressed by thinkers from the High Middle Ages to the present day and traces the development of four ever-present themes: war, peace, wealth and power. The book counters the view that international relations has no theoretical tradition and shows that scholars, soldiers and statesmen have been speculating about the subject for the last 700 years. Beginning with the roots of the state and the concept of sovereignty in the Middle Ages, the author draws upon the insights of outstanding political thinkers - from Machiavelli and Hobbes to Hegel, Rousseau, and Marx and contemporary thinkers such as Woodrow Wilson, Lenin, Morgenthau and Walt - who profoundly influenced the emergence of a discrete discipline of International Relations in the twentieth century. Fully revised and updated, the final section embraces more recent approaches to the study of international relations, most notably postmodernism and ecologism.

Author: Deirdre N. McCloskey
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 662

View

Book Description

Author: Michael Woodford
Publisher: Princeton University Press
ISBN: 1400830168
Category : Business & Economics
Languages : en
Pages : 805

View

Book Description
With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.