Explore the vast range of titles available.

Recognizing increasing returns disrupts much of the established wisdom in economic analysis, making money non-neutral, equity conflict with freedom, & encouraging goods with increasing returns efficient. This book discusses these problems & ways they can be handled, helping to explain phenomena in the real world.

China's economic reforms have resulted in spectacular growth and poverty reduction. However, China's institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve the \"China puzzle,\" this paper analyzes China's institution—a regionally decentralized authoritarian system. The central government has control over personnel, whereas subnational governments run the bulk of the economy; and they initiate, negotiate, implement, divert, and resist reforms, policies, rules, and laws. China's reform trajectories have been shaped by regional decentralization. Spectacular performance on the one hand and grave problems on the other hand are all determined by this governance structure.

Adopting a circular economy (CE) has rapidly emerged among policymakers and business community stakeholders to promote material circularization and ensure sustainable development. While the inclination for a paradigm shift away from the linear economy is evident, many challenges have been quoted in the literature regarding its implementation. Lately, it has become common to propose Information and Communication Technologies (ICT)-based approaches to address these challenges. However, they do not question the practicality of the solutions in the context of CE. This paper aims to find an appropriate digital solution for CE implementation, which is not possible without a complete understanding of the existing challenges. A thorough literature review broadly classified the challenges under five barrier categories: Technological, Financial, Infrastructural, Institutional, and Societal, which was followed up with an investigation into the failure of ICT solutions to address CE challenges. Among the various technologies, blockchain and smart contract technologies show some promise as data-driven decision-making tools; however, they are not without their limitations when applied in the context of CE. This perspective explores the role of blockchain smart contract technology-scape in overcoming CE challenges and presents a circular economy blockchain (CEB) architecture development. The findings suggest that CEB may enable CE business models that improve trust and transparency in supply-chain networks, shared and performance economy platforms, stakeholder participation, and governance and management of organizations. Ultimately, this study highlights critical areas for research and development for the blockchainification of CE.

Indonesia is one of the world's largest producers and exporters of coal. Its strategic geographical location facilitates coal export activities to consumer countries. In addition, the quality of Indonesian coal is also very suitable for steam power plants, especially sold at competitive prices on the international market. This research highlights how the world's largest coal-importing countries depend on the Indonesian coal import market. This means that Indonesian coal significantly influences the world's energy contribution. Based on this fact, the author states that the coal that Indonesia exports to importing countries dramatically affects the economic conditions of these countries. Driven by population increases, economic expansion, improved quality of life, and energy use, coal is an important energy source. Therefore, many countries import coal to meet domestic energy needs and reserve coal supplies long-term. To find out this, the author uses a qualitative research method, descriptive analysis with a dependency theory approach, that is analyzed in a world macro context using a world system perspective. In addition, the author also uses mean calculations to find the average result of the amount of coal imports for each country.

This study follows the approach in Kehoe and Nicolini (2021) in order to analyse and interpret the historical performance of Ghana’s economy over the period 1960-2022 in terms of deficits, public debt accumulation, monetary policies and their relationships to inflation, exchange rate etc. The paper explores the link and similarities between Ghana’s economic cycle from pre- and post-military rule. In both cases, excessive borrowing, leading to a large accumulation of public debt, and accompanied with burdensome debt interest payments, has been one of the major challenges that the country must wean itself from. The study also documents that the underlying reason for the deficits is the low domestic revenue mobilisation, i.e the fiscal capacity of Ghana is lower compared to the one of developed countries. Finally, the positive interaction between money supply and inflation has also been established in this study. However, the increase in money supply (and thus inflation) is a result of fiscal imbalances: by printing money, the Central Bank of Ghana is effectively using inflation as a tax and trying to generate a seigniorage revenue to “cover” at least part of the budget deficit.

Emotional intelligence (EI) as the ability for self-analysis, self-motivation, and self-regulation is necessary in the process of financial activity. It ensures informed decision-making, considering consequences and perspectives. The aim is to identify the influence of emotional intelligence on the effectiveness of decision-making by financiers. The following tests were used: EQ (Emotional/Empathy Quotient) test, Melbourne Decision Making Questionnaire, the Rathus Assertiveness Schedule, the Schubert Risk Propensity Test. Statistical processing of the results included the use of descriptive analysis, ANOVA, and regression analysis. The study found that financial workers with a high level of emotional intelligence have a pronounced “vigilance” decision-making style (F=113.4, p≤0.01), high assertiveness (F=103.3, p≤0.01), and risk propensity (F=137.3, p≤0.01). It was proved that emotional intelligence explains the “vigilance” decision-making style (β=0.943, R²=0.572), risk propensity (β=0.896, R²=0.424) and explains 48% of assertiveness (β=0.945, R²=0.483). It was confirmed that emotional intelligence is a predictor of successful financial decisions, it determines high assertiveness, vigilance, and risk propensity. Such results are useful for the development of training and retraining programmes for financiers. At the same time, including the development of assertiveness and risk propensity in professional and corporate training in parallel with the development of EI will give greater chances for the success of financial decisions. The obtained results are important for the financial and economic sphere, as they prove the effectiveness of EI in decision-making. This contributes to the improvement of the system of training competitive financiers and allows to expand aspects of the study of financial success.

Given the rising inflows of remittance and foreign direct investment into developing countries, the study examined their importance on economic development in Nigeria using the ordinary least squares method and time series data collected from secondary sources, and the Error correction models (ECM) were estimated. Findings showed that remittances and foreign direct investment impacted positively and significantly on economic development and the exchange rate negatively influenced economic development. Thus, recommended that the government should remove strict transaction costs of remitting money to expand the overall inflow of remittances and more personal remittances should be encouraged for investment in human capital development. Additionally, improvement in the investment climate for existing and expected foreign investors, relaxation of the strict laws on profit repatriation, and the improvement in the macroeconomic environment by curbing security challenges, social unrest, and corruption will encourage foreign investors to increase their investments. It also recommends that the government take advantage of these inflows to stabilize the volatility of the exchange of the domestic currency.

Townshend wrote Keynes a letter on November 25th,1938 and asked Keynes the following question, after informing Keynes that he had read Keynes’s A Treatise on Probability a number of years earlier and understood Keynes’s concept of non-numerical probability:“This is the nearest I can get to an analysis of the part played by the factor of confidence in the rationale of interest. I believe that its further logical analysis at a deeper level of generalization is connected with the part played by the weight of evidence in your theory of probability, but I cannot see just how….” (Townshend 1979, 292; italics added).Townshend ‘s question can be rewritten in the following fashion:“Where, in your A Treatise on Probability, is your analysis of the connection between the variable, confidence, in the General Theory and the weight of evidence in your A Treatise on Probability, applied to support your analysis in the General Theory of your liquidity preference theory of the rate of interest?”Keynes’s response was direct and straightforward:“As regards my remarks in my General Theory, have you taken account of what I say on page 240, as well as what I say at page 148, which is the passage I think you previously quoted…”.(Letter to Townshend, Dec. 7th ,1938).The answer given here by Keynes is for Townshend to read p.240 of the General Theory; however, it relates directly to Keynes’s chapter 26 of the A Treatise on Probability.What Keynes provides the reader of the General Theory on p.240 is his statement that there is no discussion of how to estimate/calculate the risk and liquidity premiums in the General Theory. This paper demonstrated that Keynes’s discussion of how to estimate the risk and liquidity premiums occurs in chapter XXVI of the TP.This paper demonstrates the logical and mathematical links between Keynes’s General Theory liquidity preference theory of the rate of interest, where liquidity preference is defined as a function of uncertainty, U, and Keynes’s A Treatise on Probability analysis of the evidential weight of the argument, V, which equals w, which is expressed in degrees. Keynes is pointing out to Townshend that U is a function of V, which is equal to w expressed in degrees. Thus, U is a function of w. We can write this out in English- The evidential weight of the argument, V, is equal to the degree of the completeness of the amount of information on which the probability is based. Thus, Uncertainty is a function of the evidential weight of the argument, while liquidity preference is a function of uncertainty. The analysis that is missing in all past discussions by economists and philosophers of this issue has been their failure to identify the role played by Keynes’s mathematical variable, w.

The aim of this study is to examine the synergistic benefits that arise from collaborations between universities and industrial companies, examining the mutual advantages that both entities have. This research evaluates the government's efforts to cultivate such partnerships through a comprehensive documentary analysis of current policy documents and legislation. The findings indicate that a recently established ministry in Kazakhstan is actively developing proposals for legislative amendments to enhance the framework for collaboration between universities and industry. It is noteworthy that the government is providing tax preferences and incentives to industrial entities that collaborate with academic institutions, with the expectation that these measures will lead to beneficial outcomes. Despite these positive measures, the study revealed significant obstacles that prevent effective collaboration, such as legislative gaps and a general apprehension among industrial companies to set partnerships, due to the ineffectiveness of certain laws. The state's limited capacity to motivate participation from these corporations is what makes this reluctance a bigger challenge. This analysis highlights the necessity of strengthening political and legal frameworks to support more effective and productive collaborations between the university and industrial sectors. To bridge these gaps and improve the innovation ecosystem and drive socio-economic progress, this paper calls for a renewed approach to policymaking and legal reforms.

In current economic conditions, a large number of enterprises carry out their activities by joining into network (cluster) structures, which is one of the means of improving competitive relations in the external environment. To ensure the integration of the interests of participants in network structures by increasing the coordination and controllability of interactions, a significant place is given to the accounting system as the main source of information. The article aims to study the theoretical and methodological foundations of implementing the cluster economy concept in the accounting system. The methodological basis is the fundamental provisions of modern economic institutional theory and scientific works of scientists. As a result of the research, it was possible to analyze the historical aspects of the development of accounting support for managing cluster structures. The areas of development of accounting based on the provisions of economic theory and taking into account the specific features of cluster structures are identified and substantiated.