The Regulation of Entry

The Regulation of Entry

Author: Simeon Djankov

Publisher:

Published: 2001

Total Pages: 56

ISBN-13:

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New data show that countries that regulate the entry of new firms more heavily have greater corruption and larger unofficial economies, but not better quality goods. The evidence supports the view that regulating entry benefits politicians and bureacrats.


The Theory of Interest

The Theory of Interest

Author: Friedrich Lutz

Publisher: Routledge

Published: 2017-09-04

Total Pages: 457

ISBN-13: 1351472836

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This book contains a critical analysis of the main theories of interest which have been published since B÷hm-Bawerk. The last part of the book gives an account of the author's own theory.The first part, which deals with the history of doctrines, discusses the theories of B÷hm-Bawerk, Wicksell, Akerman, and Hayek, authors who proceed from the assumption of stationary state.The second group of authors consists of Walras, Irving Fisher, and F. H. Knight, who assume a progressive economy in which net saving and investment occur.The third group of authors are those who stress the monetary factor. The central figure of this part is Keynes; but other authors, among them Patinkin, are also dealt with. The theories on the term structure of interest rates are discussed in the last part of the history of doctrines. The author's own theory deals with the problem of the interest rate first in terms of partial equilibrium analysis, whereby particular attention is paid to the influence of the banking system on the structure of interest rates.In the final chapter the author proceeds to expound the interest theory in the framework of general equilibrium analysis. A mathematical appendix concludes this book.Friedrich A. Lutz (1901-1975) taught economics at Princeton University for fifteen years before becoming Professor of Economics at the University of Zurich. He was also the president of the Mont Pelerin Society from 1964-1967.


Prudential Supervision

Prudential Supervision

Author: Frederic S. Mishkin

Publisher: University of Chicago Press

Published: 2009-02-15

Total Pages: 379

ISBN-13: 0226531937

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Since banking systems play a crucial role in maintaining the overall health of the economy, the adverse effects of poorly supervised systems may be quite severe. Without some form of vigilant external oversight, banking systems could fall prey to excessive risk taking, moral hazard, and corruption. Prudential supervision provides that oversight, using government regulation and monitoring to ensure the soundness of the banking system and, by extension, the economy at large. The contributors to this thoughtful volume examine the current state of prudential supervision, focusing on fundamental issues and key pragmatic concerns. Why is prudential supervision so important? What kinds of excess must it guard against? What particular forms does it take? Which of these are the most effective deterrents against mismanagement and system overload in today's rapidly shifting financial climate? The contributors foresee a continued movement beyond simple regulatory rules in banking and toward a more active evaluation and supervision of a bank's risk management practices.


Money, Interest, and the Structure of Production

Money, Interest, and the Structure of Production

Author: Mateusz Machaj

Publisher: Lexington Books

Published: 2017-10-05

Total Pages: 215

ISBN-13: 1498557554

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Is macroeconomic equilibrium possible under capitalism? How do economic bubbles develop? How does a monetary system influence the market mechanism? Is the return on capital a beneficial feature of the economic system? How does complexity of a capitalist organization influence the market process? Can output under capitalism be easily measured and modeled? Such questions and many others relate to the central concept discussed in the book: heterogeneous structure of production, an envisioned theoretical connection between stages of the capitalist process. An inquiry into the functioning of a capital structure is necessary to understand the workings of the interest rate, savings, aggregate demand, and economic growth. Additionally it provides a theoretical framework to recognize consequences of monetary regimes and interest rate policies performed by the central banks. Capital structure concepts have their place at the center of economic theory as they can provide a broad range of insights into our understanding of the real world. Money, Interest, and the Structure of Production offers key insights in that direction.


Modeling Economic Growth in Contemporary Poland

Modeling Economic Growth in Contemporary Poland

Author: Elżbieta Bukalska

Publisher: Emerald Group Publishing

Published: 2023-11-09

Total Pages: 286

ISBN-13: 1837536562

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Trying to explain the sources of Poland’s economic success and decouple it from simple stylized facts on economic convergence anchored in the neoclassical growth models, the chapters show how the Polish economy rapidly moved away from the communist economic system, which had ended up in an economic collapse.


An Open Economy Macroeconomics Reader

An Open Economy Macroeconomics Reader

Author: Mehmet Ugur

Publisher: Psychology Press

Published: 2002

Total Pages: 568

ISBN-13: 9780415253314

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This book draws together the seminal contributions to the literature on the nature of macroeconomics in open economies and illuminates the material. This is an essential guide to the subject for students.


International Development and the Washington Consensus

International Development and the Washington Consensus

Author: John Marangos

Publisher: Routledge

Published: 2020-07-16

Total Pages: 249

ISBN-13: 042953485X

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In this book, John Marangos offers an insightful analytical and theoretical review of the Washington Consensus and its successors among the mainstream. Following an intuitive structure, it explores international development and the Washington Consensus, as a critique through the lenses of Neoclassical economics, Post Keynesian economics, Institutional economics, and Marxist economics. Ultimately, it provides a compelling alternative perspective to the dominant development paradigm, and enables readers to identify the interconnections, interrelationships, and intercontradictions between different frameworks and policies. It will be a valuable supplementary reading for students, researchers, and policymakers in international development, development economics, heterodox economics, and the history of economic thought.