This book contains a collection of essays written by renowned economists on the occasion of Andras Brody's 70th birthday. Andras Brody has contributed to many fields of economics, including mathematical modelling, the theory of economic growth, marxian economics and input-output analysis. The essays contained in this book deal with new results in these and related fields, and cover both theoretical and empirical aspects. Among the topics being discussed are foundations of input-output analysis, methodologies for measuring economic growth and structural change, and normative aspects of economic behaviour. The book also includes a chapter on the extraordinary event of building an input-output table for the newly reunited Germany.
Hukukane Nikaido is an economic theorist whose work helped lead the way for modern research in dynamic economics. Prices, Cycles and Growth provides a selection of his major papers since the 1970s. They offer uncommon insights into problems of instability and their effects on growth, income distribution, and unemployment, among other fundamental issues in macroeconomics.
#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.
Updated for 2015! The recession is over, house prices are heading steadily upwards again, and you're convinced that property could be your key to financial freedom. And it could. But where do you start? Do you invest near where you live, or wherever yields are best? Do you rent to families, or professionals, or students? Should you be trawling through Rightmove or lurking at property auctions? This short book covers the big questions you should be asking yourself before you so much as glance at an estate agent's window. It contains a jargon-free explanation of basic investment principles, summaries of the major post-crunch investment strategies, and advice on developing a mindset that will support your long-term success. The book also includes a curated "further reading" list of recommended books, magazines, forums, blogs and podcasts to help you confidently take your next steps in your property investment journey. You'll learn... How to pick an investment strategy that matches your skills and goals The only three calculations you need to know to size up any deal An overview of every major investment approach, from the most safe and boring to the probably-not-a-good-idea-but-here-you-go-anyway How to (safely and sustainably) stretch a limited pot of cash to build whatever size portfolio you want ...although you will need to endure some pretty shocking jokes along the way. Sorry about that. Praise for "Property Investment For Beginners"... "The book is very easy to read and the explanations are very clear, with some good humour to boot! With a good set of references and online links, this book is a must for anyone interested in property investment." - P Cowley "A property investment book that keeps it simple. I really enjoyed it, and will use it as my main point of reference. Unlike most of the other books, the reader doesn't have to endure the rags to riches rubbish and the inevitable sales pitch for further training." - Nesser "I stumbled across this book randomly on Amazon and I'm so pleased I did - it has given me an excellent overview of what it is to invest in property and has really helped me to focus on my specific goals. It has also opened my eyes to a world of useful tools and contacts which I may never have found without it. Other books may have been able to do this but I'm not sure they would've been so enjoyable to read. If you are thinking of investing in property, or perhaps already are but want to take it further, this is a must read book." - whatkatythinks "When you buy this book, you are not only getting a property wizard, you are also getting a warm-hearted guy. In his book, Rob mentions several times that you can contact him via email and he'll try to help you out. And HE DID! I tentatively emailed him with some questions and he replied right away! Of course, I know he's probably not able to do this for everybody, but even if he just replied to one question, he has proven that he's genuine and kind. And what he replied me with is thoughtful, honest and probably saved me a fortune in the end. Totally worth every penny. Get the book!" - kaitlinjj Scroll up and hit "Buy Now" to start turning your property dreams into reality!
Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
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.
By exploring the price dynamics and business cycle of the Italian economy with reference to the most important international events, this text sheds new light on the country's current situation. Using a long-term analytical framework underpinned by principal theoretical approaches, the analysis places particular emphasis on price dynamics. The text begins with the country's post-war difficulties and then covers the boom-and-bust period of the "Italian miracle", before moving onto the lasting inflationary process of the 70s and 80s, and finally the financial crisis of the 90s and the beginning of the new century. The book also investigates the positive and negative aspects of policy measures. An important implication of this approach is that it assesses the different evolutionary aspects of the Italian economic structure, which in turn gives way to an analysis of the dynamic behaviour of policy makers and social partners.
This book explores the macro-financial effects of central bank balance sheets, macro-prudential tools, and financial regulation in South Africa. How employment can be maximised while keeping inflation low and stable is examined in relation to the structural changes required to alter the composition of South African bank balance sheets. Quantitative methods and approaches are utilised to highlight the impact of suggested policies. This book aims to outline strategies and policy interventions that can help achieve the National Development Plan in South Africa. It will be of interest to researchers and policymakers working within development economics, African economics, development finance, and financial policy.
A NEW YORK TIMES, WALL STREET JOURNAL, AND USA TODAY BESTSELLER The legendary investor shows how to identify and master the cycles that govern the markets. We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets, and companies, but also human psychology and the investing behaviors that result. If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes. You’ll be aware and prepared while others get blindsided by unexpected events or fall victim to emotions like fear and greed. By following Marks’s insights—drawn in part from his iconic memos over the years to Oaktree’s clients—you can master these recurring patterns to have the opportunity to improve your results.
