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Calculated Futures Cover

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Calculated Futures

Theology, Ethics, and Economics

D. Stephen Long and Nancy Ruth Fox with Tripp York

Calculated Futures examines the ethical and theological underpinnings of the free-market economy, investigating not only the morality of corporations and exchange rates, but also how the politics of economics shape people as moral agents. It does this less by insisting on the unfavorable effects of capitalism, and more by drawing on theological virtues, Christian doctrines, and liturgical practices to discover what they might show us about economic exchanges. Calculated Futures seeks a way forward by engaging economics as a social scientific discipline without subordinating theology to it.

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Cambodian Economy

Charting the Course of a Brighter Future - A Survey of Progress, Problems and Prospects

Hang Chuon Naron

Hang Chuon Naron's Cambodian Economy: Charting the Course of a Brighter Future is a tour de force of modern Cambodia's development challenges. The book is without peer in terms of providing a comprehensive and thorough review of Cambodia's economy, from key economic sectors to social development to governance. On a country that still seems 'exotic' and sometimes difficult to penetrate, Dr Naron's survey provides valuable empirical analysis, insightful explanations, and practical recommendati... Hang Chuon Naron's Cambodian Economy: Charting the Course of a Brighter Future is a tour de force of modern Cambodia's development challenges. The book is without peer in terms of providing a comprehensive and thorough review of Cambodia's economy, from key economic sectors to social development to governance. On a country that still seems 'exotic' and sometimes difficult to penetrate, Dr Naron's survey provides valuable empirical analysis, insightful explanations, and practical recommendations for the way forward. The book ought to be required reading for every student, academic, or practitioner working on Cambodia.” - Robert Taliercio, Lead Economist, World Bank "The international community has observed with relief and admiration as Cambodia has made a remarkable recovery from one of the modern world's most awful tragedies. Much has been written about the country, but very little has been from an authentic Cambodian perspective. In this encyclopaedic and original study, Dr Hang Chuon Naron, one of the country's key economic policy architects, fills the gap. The author combines analytical rigour and careful attention to empirics with an accessible expositional style. A must-read for anybody interested in Cambodia, Southeast Asia, and post-conflict development challenges more generally." - Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, The Australian National University "This mammoth volume on the Cambodian economy fills a major gap in the literature on Cambodia’s economic transition - one from a war-torn post-conflict state to a modernizing market economy. It traverses a very vast terrain, ranging from macroeconomics and finance - both private and public, to challenges facing agriculture, infrastructure and energy, to institution building and regional integration. As one of Cambodia's leading intellectuals, and policy-makers, Dr Hang Chuon Naron is uniquely placed to sketch this dramatic transformation, and tell the Cambodian story in a way that is insightful and revealing, yet accessible to a broad audience. This is a book that should appeal to more than just those interested in Cambodia's economy, or economists interested in issues of transition to market, but to anyone interested in Cambodia in general, or in post-conflict societies and the challenges that they face.” - Jayant Menon, Principal Economist, Asian Development Bank, and former Board Director, Cambodian Development Research Institute and sometimes difficult to penetrate, Dr Naron's survey provides valuable empirical analysis, insightful explanations, and practical recommendations for the way forward. The book ought to be required reading for every student, academic, or practitioner working on Cambodia.” - Robert Taliercio, Lead Economist, World Bank "The international community has observed with relief and admiration as Cambodia has made a remarkable recovery from one of the modern world's most awful tragedies. Much has been written about the country, but very little has been from an authentic Cambodian perspective. In this encyclopaedic and original study, Dr Hang Chuon Naron, one of the country's key economic policy architects, fills the gap. The author combines analytical rigour and careful attention to empirics with an accessible expositional style. A must-read for anybody interested in Cambodia, Southeast Asia, and post-conflict development challenges more generally." - Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, The Australian National University "This mammoth volume on the Cambodian economy fills a major gap in the literature on Cambodia’s economic transition - one from a war-torn post-conflict state to a modernizing market economy. It traverses a very vast terrain, ranging from macroeconomics and finance - both private and public, to challenges facing agriculture, infrastructure and energy, to institution building and regional integration. As one of Cambodia's leading intellectuals, and policy-makers, Dr Hang Chuon Naron is uniquely placed to sketch this dramatic transformation, and tell the Cambodian story in a way that is insightful and revealing, yet accessible to a broad audience. This is a book that should appeal to more than just those interested in Cambodia's economy, or economists interested in issues of transition to market, but to anyone interested in Cambodia in general, or in post-conflict societies and the challenges that they face.” - Jayant Menon, Principal Economist, Asian Development Bank, and former Board Director, Cambodian Development Research Institute and sometimes difficult to penetrate, Dr Naron's survey provides valuable empirical analysis, insightful explanations, and practical recommendations for the way forward. The book ought to be required reading for every student, academic, or practitioner working on Cambodia.” - Robert Taliercio, Lead Economist, World Bank "The international community has observed with relief and admiration as Cambodia has made a remarkable recovery from one of the modern world's most awful tragedies. Much has been written about the country, but very little has been from an authentic Cambodian perspective. In this encyclopaedic and original study, Dr Hang Chuon Naron, one of the country's key economic policy architects, fills the gap. The author combines analytical rigour and careful attention to empirics with an accessible expositional style. A must-read for anybody interested in Cambodia, Southeast Asia, and post-conflict development challenges more generally." - Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, The Australian National University "This mammoth volume on the Cambodian economy fills a major gap in the literature on Cambodia’s economic transition - one from a war-torn post-conflict state to a modernizing market economy. It traverses a very vast terrain, ranging from macroeconomics and finance - both private and public, to challenges facing agriculture, infrastructure and energy, to institution building and regional integration. As one of Cambodia's leading intellectuals, and policy-makers, Dr Hang Chuon Naron is uniquely placed to sketch this dramatic transformation, and tell the Cambodian story in a way that is insightful and revealing, yet accessible to a broad audience. This is a book that should appeal to more than just those interested in Cambodia's economy, or economists interested in issues of transition to market, but to anyone interested in Cambodia in general, or in post-conflict societies and the challenges that they face.” - Jayant Menon, Principal Economist, Asian Development Bank, and former Board Director, Cambodian Development Research Institute

Can Capitalism Survive? Cover

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Can Capitalism Survive?

Benjamin A. Rogge

Benjamin A. Rogge—late Distinguished Professor of Political Economy at Wabash College—was a representative of that most unusual species: economists who speak and write in clear English. He forsakes professional jargon for clarity and logic—and can even be downright funny. The nineteen essays in this volume explore the philosophy of freedom, the nature of economics, the business system, labor markets, money and inflation, the problems of cities, education, and what must be done to ensure the survival of free institutions and capitalism.

Can Globalization Promote Human Rights? Cover

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Can Globalization Promote Human Rights?

Rhoda E. Howard-Hassmann

Can Russia Compete? Cover

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Can Russia Compete?

Enhancing Productivity and Innovation in a Globalizing World

edited by Raj M. Desai and Itzhak Goldberg

In recent years the Russian government, concerned about sustaining its economic performance, has sought to promote more diversified and broader economic growth beyond the profitable natural-resource sector. Economic officials would like to see something closer to a "knowledge-based economy." One of the areas in clear need of upgrading is the manufacturing sector. This book quantifies and benchmarks the relative strengths of that sector, identifying opportunities to increase Russian productivity and competitiveness. Drawing on original survey data from Russian firms of all sizes, the authors formulate proposals that aim to • enhance the innovative potential of Russian firms, • upgrade the skills of their workforce, and • develop a business-friendly climate of lower administrative costs and greater policy certainty. This book examines the underlying firm-level determinants of knowledge absorption, competitiveness, and productivity, with an eye to improving workers' skill levels and improving the investment climate, which should in turn enhance the innovation needed to keep up in a globalized economy. The original research and analysis of Desai, Goldberg, and their colleagues will be of use to anyone interested in the problems of building manufacturing competitiveness, especially in Russia and the post-Soviet transition economies. It will also be of interest to organizations planning to do business with Russia or to invest in it.

Can Unions Survive? Cover

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Can Unions Survive?

The Rejuvenation of the American Labor Movement

Charles Craver

"Defines the challenges facing the movement and offers comprehensive prescriptions for its successful transformation."
The George Washington Law Review

A valuable analysis of the rise, fall, and--hopefully—the revival of unionism in America. [The book] distills into readable form a mass of legal and empirical analysis of what has been happening in the workplaces of the United States and other industrial democracies. Most important, Craver has drawn a blueprint of what must be done to save collective bargaining in this century—must reading for scholars, lawmakers, and, especially, union leaders themselves.
Paul C. Weiler, Harvard Law SchoolAuthor of Governing the Workplace: The Future of Labor and Employment Law

"A thoroughly researched, insightful, and readable look at why American unions have declined. . . . This is a very informative analyis of a vital topic, and it will have a multidisciplinary appeal to anyone interested in union- management relations.
—Peter Feuille, Institute of Labor and Industrial Relations, University of Illinois

When employees at firms like Greyhound and Eastern Airlines walk out to protest wage and benefit reductions, they are permanently replaced and their representative labor unions destroyed. Every year, the threat or drama of a high-profile strike—in air traffic control towers, at Amtrak, or at Caterpillar—makes national headlines and, every year, several hundred thousand unrepresented American employees are discharged without good cause.

During the past decade, employer opposition to unions has increased. Industrial and demographic changes have eroded traditional blue-collar labor support, and class-based myths have discouraged organization among white-collar workers. As the American labor movement begins its second century, it is confronted by challenges that threaten its very existence. Is the decline of the American labor movement symptomatic of a terminal condition?

In this work, Charles Craver presents an incisive analysis of the current state of the American labor movement and a manifesto for how this crucial institution can be revitalized. Journeying with the reader from the inception of labor unions through their heyday and to the present, Craver examines the roots of their decline, the current factors which contribute to their dismal condition, and the actions that are needed--such as the recruitment of female and minority employees and appeals to white-collar personnel--that are necessary to ensure union viability in the 21st century.

Craver thoughtfully discusses what labor organizations must do to organize new workers, to enhance their economic and political power, and to adapt to modern-day advances and to an increasingly global economy. He also suggests changes that must be made in the National Labor Relations Act. This book is essential reading for lawyers, scholars, and policy-makers, as well as all those concerned with the future of the labor movement.

Capital as Will and Imagination Cover

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Capital as Will and Imagination

Schumpeter’s Guide to the Postwar Japanese Miracle

by Mark Metzler

With this book, Mark Metzler continues his investigation into the economic history of twentieth-century Japan that he began in Lever of Empire. In Capital as Will and Imagination, he focuses on the successful stabilization of Japanese capitalism after the Second World War. How did a defeated and heavily damaged nation manage reconstruction so rapidly? What economic beliefs resulted in the "miracle" years of high-speed economic growth? Metzler argues that the inflationary creation of credit was key to Japan's postwar success-and its eventual demise due to its instability over the long term.

To prove his case, Metzler explores heterodox ideas about economic life , in particular Joseph Schumpeter's realization that inflation is intrinsic to capitalist development. Schumpeter's ideas, widely ignored within standard American neoclassical economic theory, were shaped by his experience of Austria's reconstruction after 1918. They were highly influential in Japan, and Metzler traces their impact in the period from the Allied Occupation, starting in 1945, through the Income Doubling Plan of 1960. Japan after defeat, Metzler argues, illustrates the critical importance of inflationary credit creation for increased production.

Capitalism from Outside? Cover

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Capitalism from Outside?

Economic Cultures in Eastern Europe after 1989

Edited by Violetta Zentai and János Mátyás Kovács

Does capitalism emerging in Eastern Europe need as solid ethnic or spiritual foundations as some other “Great Transformations” in the past? Apparently, one can become an actor of the new capitalist game without belonging to the German, Jewish, or, to take a timely example, Chinese minority. Nor does one have to go to a Protestant church every Sunday, repeat Confucian truisms when falling asleep, or study Adam Smith’s teachings on the virtues of the market in a business course. He/she may just follow certain quasi-capitalist routines acquired during communism and import capitalist culture (more exactly, various capitalist cultures) in the form of down-to-earth cultural practices embedded in freshly borrowed economic and political institutions. Does capitalism come from outside? Why do then so many analysts talk about hybridization? This volume offers empirical insights into the current cultural history of the Eastern European economies in three fields: entrepreneurship, state governance and economic science. The chapters are based on large case studies prepared in the framework of an eight-country research project (funded by the European Commission, and directed jointly by the Center for Public Policy at the Central European University and the Institute for Human Sciences) on East-West cultural encounters in the ex-communist economies.

Capitol Investments Cover

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Capitol Investments

The Marketability of Political Skills

Glenn R. Parker

What would you do if, the very day you were hired, you knew you could be unemployed in as little as two years? You'd seek opportunities in your current job to develop a portfolio of skills and contacts in order to make yourself more attractive to future employers. Representatives and senators think about their jobs in Congress in this way, according to Glenn R. Parker. While in office, members of Congress plan not merely for the next election but for the next stage of their careers. By networking, serving on committees, and championing particular legislation, they deliberately accumulate human capital---expertise, networks, and reputation---which later will give them bargaining power in the job market. Parker's study of the postelective careers of more than 200 former members of Congress, both U.S. representatives and senators, who have left office during the last half century shows that such strategic planning generally succeeds. In most cases, the human capital these politicians amassed while in office increased their occupational mobility and earning power. Capitol Investments offers a sophisticated yet accessible analysis of the acquisition and marketability of political skills. It suggests that an awareness of the trade in human capital shapes an officeholder's actions as much as the desire to win another election. Glenn R. Parker is Distinguished Professor in the Department of Political Science at Purdue University.

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The Cardamom Conundrum

Reconciling Development and Conservation in the Kingdom of Cambodia

Timothy Killeen

A “conundrum” is a puzzle whose solution involves resolving a paradox. In this instance, the paradox arises from two widely held and conflicting assumptions: that the pathway to a modern economy requires exploiting and monetizing a country’s natural resources, and that the long-term prosperity of a nation depends on the conservation of those same resources. This book consciously seeks to avoid the mentality of “trade-offs,” where pro-development advocates view conservation efforts as impediments and conservationists are convinced that development inevitably leads to a loss for nature. Instead, through an evaluation of opportunities in the still pristine forests of the Cardamom Mountains and surrounding landscapes, the author seeks to demonstrate that wise management of a nation’s renewable natural resources can facilitate economic growth. Resolving the Cardamom Conundrum requires an economic model that provides robust growth, and that alleviates poverty over the short term and eradicates it over the medium term. Any other solution is impractical and morally unacceptable. The author points the way by indentifying innovative options linked to climate finance and low carbon development strategies that span the economic, social and environmental dimensions of sustainable development.

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