Foreign aid and development

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Fabio Petri and Frank Hahn

"General equilibrium theorists including Frank Hahn, Alan Kirman, Franklin Fisher, Michael Magill, Mordecai Kurz and Michio Morishima debate strengths, weaknesses, recent advances and possible futures with leading 'dissenting' thinkers including Duncan Foley, Pierangelo Garegnani, Herbert Gintis and Bertram Schefold who seek to explain their rejection of the general equilibrium approach and the alternative directions they consider more promising. The book contains critical surveys of the state of the arts and new results in many central sub-fields of general equilibrium theory and of value theory more generally. Also, the confrontation between advocates of different research programmes produces important clarifications on the basic disagreements and open issues, eliminating misunderstandings and creating the opportunity for more fruitful debate among economists of different persuasions. The topics discussed include existence of equilibrium in infinite-horizon economies; incomplete markets; indeterminacy; stability; the relevance of the 'Cambridge controversies' for general equilibrium theory; expectation formation and learning; the microfoundations of macroeconomics; the long-period method; game-theoretic and evolutionary approaches to behaviour modelling; statistical equilibria; the differences between the classical and the general equilibrium approaches to value and distribution, and the roles of general equilibrium theory."--Jacket.

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David Everitt, Michael Rumsewicz

Multiaccess, Mobility and Teletraffic: Advances in Wireless Networks addresses fundamental theoretical issues about future wireless networks, such as capacity improvements theoretically attainable from spread spectrum systems, and practical concerns associated with current networks such as signalling, implementation of GSM and CDMA networks, and implementation of packet data services over wireless networks. As well as the papers looking at specific technologies, this book contains a number of papers discussing more generic problems in mobile networks, such as issues associated with handoff, resource management, frequency reuse, mobility, signalling and wireless packet networks.

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Satyajit Das

"The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008. The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed. He is particularly critical of the "easy money" approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep-seated fundamental imbalances. The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations. The author concludes with a thought experiment illustrating the large-scale changes that will be necessary to restore economic, financial, and social sustainability. This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery. Written for the lay reader and peppered with witty anecdotes, this immensely readable book clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future"--

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Nicole Helm

In Gracely Colorado it's all abuot the clim--into the rugged Rocky Mountains and over the obstacles that life has thrown in your way. Sam Goodall knows how to hide. And in the years since his sister's death, he's done just that, burying himself in his work at the Evans brothers' Mile High Adventures as a backpacking guide. Hayley Winthrop is looking for something she's never had--a true sense of family, and a purpose. Sam is stuck in the past, and Hayley is looking toward her future--they're a mismatched pair from the start. But the connection between them right now is too good to let go . . .