Linked

Sample

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.

Sample

Charles S. Tapiero

Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that “uncertainty is tamed.” Quantitative-statistical tools are used to reconcile our information, experience and other knowledge with hypotheses that both serve as the foundation of risk models and also value and price risk.^ Risk models are therefore common to most professions, each with its own methods and techniques based on their needs, experience and a wisdom accrued over long periods of time.This book provides a broad and interdisciplinary foundation to engineering risks and to their financial valuation and pricing. Risk models applied in industry and business, heath care, safety, the environment and regulation are used to highlight their variety while financial valuation techniques are used to assess their financial consequences.This book is technically accessible to all readers and students with a basic background in probability and statistics (with 3 chapters devoted to introduce their elements). Principles of risk measurement, valuation and financial pricing as well as the economics of uncertainty are outlined in 5 chapters with numerous examples and applications. New results,^ extending classical models such as the CCAPM are presented providing insights to assess the risks and their price in an interconnected, dependent and strategic economic environment. In an environment departing from the fundamental assumptions we make regarding financial markets, the book provides a strategic/game-like approach to assess the risk and the opportunities that such an environment implies. To control these risks, a strategic-control approach is developed that recognizes that many risks result by “what we do” as well as “what others do”. In particular we address the strategic and statistical control of compliance in large financial institutions confronted increasingly with a complex and far more extensive regulation.

Sample

Mark W. McCloskey

"In the second decade of the 21st century, it is increasingly apparent that personality power and technical-managerial competence are no longer the primary qualifiers for developing effective leadership. Learning Leadership in a Changing World provides direction and support in the form of the 4R Model of Leadership--a theoretically sound, conceptually straightforward, and educationally powerful framework. The framework and content of the 4R Model replaces the charisma and competence images of leadership effectiveness with a fresh vision of 'good leadership' as virtue-based influence, and provides a developmental framework to put this new perspective into practice.With over a decade of experience developing transformative leadership graduate programs, Dr. McCloskey offers the blueprint for scholars to think with conceptual clarity about 21st century leadership effectiveness. McCloskey introduces the 'New Normal,' the social, economic, and cultural change which has created a fundamentally new leadership landscape of disruptive threats and discontinuous change. This narrative is replacing images of success grounded in charisma and managerial competence with an ancient configuration of personal assets, 'virtue-driven influence.' McCloskey looks to discount developmental fatalism of the Old Normal and argues that leadership effectiveness is available to many, and not merely a few. Learning Leadership in a Changing World provides the theoretical, educational, and developmental framework to help professors, scholars, and graduate students understand modern leadership in light of 21st century challenges and opportunities. "-- "What makes for an effective twenty-first century leader? A popular consensus has emerged around two primary qualifiers--charisma and technical-managerial competence. It is, however, increasingly evident these assets are diminishing in value. Learning Leadership in a Changing World provides an alternative vision of effective leadership in the form of the 4R Model, which replaces the charisma and competence images of leadership effectiveness with a fresh vision of "good leadership" as virtue-based influence"--

Sample

edited with an introduction by Donald Winch

The appearance of a treatise like the present, on a subject on which so many works of merit already exist, may be thought to require some explanation. It might perhaps be sufficient to say, that no existing treatise on Political Ecomony contains the latest improvements which have been made in the theory of the subject. Many new ideas, and new applications of ideas, have been elicited by the discussions of the last few years, especially those on Currency, on Foreign Trade, and on the important topics connected more or less intimately with Colonization: and there seems reason that the field of Political Economy should be re-surveyed in its whole extent, if only for the purpose of incorporating the results of these speculations, and bringing them into harmony with the principles previosly laid down by the best thinkers on the subject.."