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Published in 1776, Adam Smith's The Wealth of Nations was the first comprehensive treatment of political economy. Today it is considered one of the most influential books ever written and its author is regarded as the father of classical economics. Smith did for economics what Darwin did for science. Here Karen McCreadie interprets this inspiring book for the modern day world of finance, business and economics, illustrating the timeless nature of Smith's insights by bringing them to life with tw...

The German economy is a key economy, impacting and influencing other European economies. This text provides coverage of the evolution of the economy of the former East Germany since unification, supporting the text with statistical data. This English edition also includes detailed background information on the political economy.

The 37th issue provides detailed national accounts estimates for 182 countries and areas. Estimates are arranged in tables, in terms of the United Nations System of National Accounts (SNA). The country tables are organized alphabetically in four sections: summary information, including expenditures

The exclusion of the destitute population from the formal financial system is a long-standing problem in India. This book examines the performance of financial inclusion policies in India to understand their impact on two urban vulnerable groups, Slum Dwellers and Beggars. This study includes analysis at the national level, the variables of the financial inclusion index like Penetration, Availability, and Usage from 2006 to 2020 from the world bank data set. Similarly, the authors examine five p...

Provides techniques for achieving high scores on the AP economics exams, reviews important concepts, and includes two full-length practice exams with answers and explanations.

This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with 'one-good' models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trad...

Perspectives of Oil and Gas: The Road to Interdependence is an up-to-date analysis of the dynamics of petroleum resources. It covers such subjects as oil reserves, depletion policy, pricing strategy, technological factors, and consumer trends. Likewise, it addresses the constraints faced by oil industry planners, from production to third party sales and refining. In addition to in-depth analysis, this book proposes practical solutions to complex problems: for example, how the different...

This text examines 150 years' worth of efforts at constructing arrangements and rules for international monetary interaction, and arguing that present day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with good macroeconomic performance. This contributors to this volume offer an insight into the working of the key experiences, including 19th-century bimetallism, the "classical" gold standard, Bretton Woods ans the Euro...

Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and...