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This book on Classical micro- and macroeconomics collects revised versions of papers which were written between 1983 and 2000, some jointly with coauthors, and it supplements them in a coherent way with recent unpublished work on the issues raised and treated in them. It attempts to demonstrate to the reader that themes of Classical economics, in particular in the tradition of Smith, Ricardo and Marx, can be synthesized into a coherent whole from the perspective of formal model building as well as applied Leontief-Stone Systems of National Accounts and the Input-Output approaches built on them. This reformulation of Classical economics differs significantly from the static Neoricardian formalization of the Classical approach to economics. In these days when the properly working of the market has become controversial, it is worth going back to classical economics and to study of how the classical dynamic mechanisms, for example the invisible hand in the sense of Adam Smith, were supposed to work to bring about stability, equilibrium and welfare. Having written many books and research papers on the dynamics of market economies, Peter Flaschel very competently takes on this issue in this current monograph. This book will definitely play an important role of reviving classical micro- and macroeconomic dynamics. Willi Semmler, New School University, New York This book is a must-read. It provides a comprehensive, original analysis of classical theories of prices, values, and distribution, which combines the utmost theoretical and mathematical rigour with a significant empirical orientation. Indeed, it outlines the foundations of an alternative analysis of capitalist economies and it is likely to become a classic for all scholars dissatisfied with standard approaches. Yet any open-minded economist would find that the arguments provided have the rare quality of challenging a number of long-held beliefs. Roberto Veneziani, Queen Mary University of London

Economic schools --- Classical school of economics --- Macroeconomics --- Microeconomics --- 330.153 --- 330.00 --- AA / International- internationaal --- Price theory --- Economics --- Classical economics --- Individualist school of economics --- Orthodox school of economics --- Schools of economics --- Economische en sociale theorieën: algemeenheden

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This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples.

Economics/Management Science. --- Macroeconomics/Monetary Economics. --- International Economics. --- Economic Policy. --- Economics. --- Economic policy. --- International economics. --- Macroeconomics. --- Economie politique --- Politique économique --- Macroéconomie --- Monetary policy. --- Fiscal policy. --- Globalization --- International economic relations. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Tax policy --- Taxation --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Economic aspects. --- Government policy --- E-books --- AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 333.820 --- 333.846.0 --- 336.401 --- 336.61 --- 331.31 --- 331.060 --- Monetary policy --- Fiscal policy --- -International economic relations --- 339.5 --- Global cities --- Globalisation --- Internationalization --- Anti-globalization movement --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Verband tussen begrotingspolitiek en economische evolutie. --- Financieel beleid. --- Economisch beleid. --- Beïnvloeding van de economische bewegingen: algemeenheden. --- Economic aspects --- International economic relations --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Verband tussen begrotingspolitiek en economische evolutie --- Financieel beleid --- Economisch beleid --- Beïnvloeding van de economische bewegingen: algemeenheden

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Il est largement admis aujourd'hui que la crise financière amorcée en 2007, et accentuée à l'automne 2008, a révélé une faille dans les systèmes de gestion des risques, une défaillance des techniques de fixation des prix et une démesure des interventions spéculatives. Répondant à ce constat, ce livre propose une nouvelle approche de la cohérence des marchés - de ce que Adam Smith a appelé la « main invisible ». Il analyse les conséquences de cette hypothèse sur la modélisation des phénomènes financiers et le comportement des investisseurs. Issu d'une vingtaine d'années de recherches en épistémologie des sciences économiques et sociales, l'ouvrage s'adresse aux économistes, aux sociologues et aux mathématiciens. En six chapitres, il présente une esquisse de l'histoire des rapports entre économie et mathématiques du hasard ; une définition du cadre hypothétique retenu pour l'analyse ; un bilan de la perspective probabiliste sur la cohérence des marchés ; une critique des conceptions de la valeur fondée sur des cadres désormais dépassés ; une exploration de l'incertitude des marchés financiers ; enfin, un élargissement de la « théorie de l'action rationnelle ». Il s'agit finalement de rendre compte aussi bien des actions de donneurs d'ordres surinformés que de celles d'exclus du monde économique régulier. Au fil de l'ouvrage, il apparaît clairement que la « main invisible » tremble aléatoirement, et pas toujours là où on l'imagine. Les institutions et les calculs économiques enregistrent et transforment cette incertitude. Les attentes de chacun lui répondent, les plus mesurées comme les plus extravagantes. Éric Brian, historien des sciences et sociologue, est directeur d'études à l'École des hautes études en sciences sociales (EHESS) et dirige la Revue de synthèse. Il est membre de la direction du CNRS.

Economics/Management Science. --- Economic Theory. --- Financial Economics. --- Social Sciences, general. --- Statistics for Business/Economics/Mathematical Finance/Insurance. --- Epistemology. --- Economics. --- Genetic epistemology. --- Economics --- Finance. --- Social sciences. --- Economie politique --- Epistémologie génétique --- Finances --- Sciences sociales --- Statistics. --- AA / International- internationaal --- 307.330 --- 333.602 --- 333.605 --- 333.613 --- Statistieken van de financiële markten: algemeenheden. --- Activiteiten en evolutie van de financiële markten. --- Nieuwe financiële instrumenten. --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties. --- Statistieken van de financiële markten: algemeenheden --- Activiteiten en evolutie van de financiële markten --- Nieuwe financiële instrumenten --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties

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Modeling and management of credit risk are the main topics within banks and other lending institutions. Historical experience shows that, in particular, concentration of risk in credit portfolios has been one of the major causes of bank distress. Therefore, concentration risk is highly relevant to anyone who wants to go beyond the very basic portfolio credit risk models. The book gives an introduction to credit risk modeling with the aim to measure concentration risks in credit portfolios. Taking the basic principles of credit risk in general as a starting point, several industry models are studied. These allow banks to compute a probability distribution of credit losses at the portfolio level. Besides these industry models the Internal Ratings Based model, on which Basel II is based, is treated. On the basis of these models various methods for the quantification of name and sector concentration risk and the treatment of default contagion are discussed. The book reflects current research in these areas from both an academic and a supervisory perspective

Financial analysis --- financiële analyse --- Quantitative methods (economics) --- Credit control --- Credit scoring systems --- Portfolio management --- Risk management --- Gestion de portefeuille --- Gestion du risque --- Methodology --- Evaluation --- EPUB-LIV-FT LIVMATHE LIVSTATI SPRINGER-B --- Methodology. --- 332.7011 --- 305.6 --- 305.91 --- 333.109 --- AA / International- internationaal --- Insurance --- Management --- Investment management --- Investment analysis --- Investments --- Securities --- Credit analysis --- Credit --- Credit allocation --- Credit policy --- Monetary policy --- Risicotheorie, speltheorie. Risicokapitaal. Beslissingsmodellen --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Veiligheid. Bankovervallen. Bankrisico's --- Government policy

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Buddhism points out that emphasizing individuality and promoting the greatest fulfillment of the desires of the individual conjointly lead to destruction. The book promotes the basic value-choices of Buddhism, namely happiness, peace and permanence. Happiness research convincingly shows that not material wealth but the richness of personal relationships determines happiness. Not things, but people make people happy. Western economics tries to provide people with happiness by supplying enormous quantities of things and today's dominating business models are based on and cultivates narrow self-centeredness.But what people need are caring relationships and generosity. Buddhist economics makes these values accessible by direct provision. Peace can be achieved in nonviolent ways. Wanting less can substantially contribute to this endeavor and make it happen more easily. Permanence, or ecological sustainability, requires a drastic cutback in the present level of consumption and production globally. This reduction should not be an inconvenient exercise of self-sacrifice. In the noble ethos of reducing suffering it can be a positive development path for humanity.

ethiek --- Indian religions --- filosofie --- General ethics --- Economic conditions. Economic development --- Professional ethics. Deontology --- Business policy --- ontwikkelingssamenwerking --- Third World: economic development problems --- theologie --- Philosophy --- Religious studies --- Buddhist ethics. --- Business ethics. --- Business --- Economics --- Religious aspects. --- Moral and ethical aspects. --- Religious aspects --- Buddhism. --- Buddhist ethics --- Business ethics --- 174 --- 18 --- 330.1 --- AA / International- internationaal --- Economic theory --- Political economy --- Businesspeople --- Commercial ethics --- Corporate ethics --- Corporation ethics --- Moral and ethical aspects --- Religious aspects&delete& --- Buddhism --- Verband tussen de ethiek en de economie. Ethiek en bedrijf --- Godsdienst --- Domein en natuur van de staathuishoudkunde --- Professional ethics --- Social sciences --- Economic man --- Wealth --- Religious ethics