This chapter, which is based on Diwan and Haidar (2017), looks into a country case where clientelism, rather than an attempt to exclude politically suspect firms from the marketplace, is likely to be the driving political force behind the tight relations connecting politicians and some firms....

This chapter contrasts Simon's approach with that of Frank Knight, who was a significant figure in the Chicago economics department at the time. It explores how Simon's ideas, such as bounded rationality and satisficing, have been influential in fields like management and artificial...

Abstract This paper considers the evolution of cost-benefit analysis, CBA, and proposes a foundation for its current use and continued development, to be called benefit-cost analysis, BCA. In the trajectory from CBA to BCA elements of a new foundation include first a recognition that there is a...

This article addresses the growing gap in the literature between qualitative data on prices and money in France around World War II, and the available CPI. It gathers archival price data to calculate a new CPI for 1938-1949, incorporating both official and black-market prices. The study...

World War 1 exacerbated the cost of the influenza epidemic of 1918-19 in two ways. First, it facilitated the spread the flu virus through the movement of clusters of infected soldiers and sailors. Second, it constrained public health measures that would have reduced mortality (as during the...

This is a book about modern China, mainly about the economy (about half the text), but also about culture, history, religion, and politics. There are three main issues discussed in the book: (1) Why did China (and earlier other countries and territories of East Asia, largely based on the Chinese...

This paper undertakes a comprehensive analysis of the multifaceted economic and social forces that have shaped Bangladesh's developmental trajectory, tracing its journey from pre-independence stagnation through post-war recovery to its emergence as a resilient and increasingly successful nation...

This manual offers a comprehensive overview of key economic theories applied to environmental issues. It covers classical views of nature as a resource, externalities theory, and critiques of the "Tragedy of the Commons" by Hardin and Ostrom. Behavioral economics concepts, such as status quo...

From ancient times to the modern world, "The Shortest History of Economics" (published in the United States as "How Economics Explains the World") discusses the hidden economic forces behind war, innovation and social transformation. It traces how capitalism and the market system emerged, and...

The premise of this paper is that globalization faces a endogenously generated crisis which has both economic and political dimensions, a result of the specific combination of continuity and change that has marked its historical trajectory. While western dominance, financialization, and the...