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Puzzles, Paradoxes, Controversies, and the Global Economy

Puzzles, Paradoxes, Controversies, and the Global Economy
Author: Charles Wolf Jr.
Publisher: Hoover Press
Total Pages: 255
Release: 2015-06-01
Genre: Political Science
ISBN: 0817918566

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In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others. First appearing in such periodicals as in Forbes, the Wall Street Journal, and the Weekly Standard, among others, these chapters take on a range of questions about the global economy. Wolf discusses the paradoxes and puzzles within China's political economy and in its interactions with the United States. He analyzes the shortcomings of Keynesian economics as a response to the 2008 recession, as well as the weaknesses of policies and actions inferred from the theory, and compares those weaknesses with those of austerity policies intended to limit government spending and indebtedness. He also offers his views on economic inequality and where its principal sources may truly lay, China's currency and the continuing controversy about whether and when it may become a major international reserve currency, and many more insights on key economic issues affecting the global economy. Bringing these essays together for the first time in a single volume, including two essays not yet published elsewhere, this book enables the reader to absorb the author's expert perspective during the years in a collection in which the whole is truly greater than the sum of its parts. Each chapter includes a brief "postaudit" in which the author attempts to grade how well or ill the essay seems in retrospect.


Yo-Yo Diplomacy (Tom Plate on Asia): An American Columnist Tackles The Ups-and-Downs Between China and the US

Yo-Yo Diplomacy (Tom Plate on Asia): An American Columnist Tackles The Ups-and-Downs Between China and the US
Author: Tom Plate
Publisher: Marshall Cavendish International Asia Pte Ltd
Total Pages: 222
Release: 2017-07-15
Genre: Political Science
ISBN: 9814779482

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The third of the “Tom Plate on Asia” series, Yo-Yo Diplomacy compiles the compelling and insightful columns on Asia by award-winning journalist Tom Plate over the past two years. From tensions in the South China Sea to China’s stock market turbulence and Hong Kong’s bookseller saga, the veteran columnist continues to examine the rise of Asia and the role of America in this dynamic and diverse region. The collection is enlivened with thoughtful retrospectives and personal comments providing vivid backstories. The result is an informative and readable anthology that would prove valuable not only political and current affairs commentators, but also to the layperson wishing to learn more about pivotal developments in the Asia-Pacific region


Controversies in Economics and Finance

Controversies in Economics and Finance
Author: Imad A. Moosa
Publisher: Edward Elgar Publishing
Total Pages: 352
Release: 2020-11-27
Genre: Business & Economics
ISBN: 1839105623

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In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. Controversies in Economics and Finance is a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.


Puzzles and Paradoxes in Economics

Puzzles and Paradoxes in Economics
Author: Mark Skousen
Publisher: Edward Elgar Publishing
Total Pages: 232
Release: 1997-05-15
Genre: Business & Economics
ISBN: 1800886489

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Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book includes fifty puzzles and focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as why some supermarket items sell for more per ounce in larger sizes). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved (such as the diamond–water paradox). Finally, empirical or conceptual anomalies that remain unresolved and present a challenge to today’s economists (such as the voting paradox).


Twisted Logic

Twisted Logic
Author: Leighton Vaughan Williams
Publisher: CRC Press
Total Pages: 209
Release: 2024-07-03
Genre: Mathematics
ISBN: 1040038093

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Twisted Logic: Puzzles, Paradoxes, and Big Questions delves into the intriguing world of twisted logic, where everyday conundrums, bewildering paradoxes, and life's big questions are investigated and decoded. Crafted for the curious mind, this book sheds light on how our intuition and common sense can often mislead us. Without the need for technical jargon or mathematical prowess, it serves as your personal compass through fascinating intellectual landscapes and ultimate explorations. From the quirky corners of Bayesian reasoning to practical strategies in daily choices, this is your companion for a clearer way of thinking. Features: A comprehensive toolkit to refine your cognitive processes and avoid common pitfalls. Insights into the oddities of probability, strategy, and fate that govern our lives. A fresh perspective on everyday decisions and life's larger dilemmas, including finding everything from a place to eat to a new home to a life partner. Practical advice on optimising daily routines, such as determining the best time of day to arrange important appointments. Thought-provoking 'When Should We?' questions that challenge us to think critically about decision-making in our lives. Prepare to challenge your perceptions and unveil hidden truths. Twisted Logic is an enlightening adventure that promises to transform the mundane into the extraordinary. Embark on a journey where the only thing certain is the thrill of the unknown.


Capital, Interest, and Waiting

Capital, Interest, and Waiting
Author: Leland B. Yeager
Publisher: Palgrave Macmillan
Total Pages: 0
Release: 2024-09-26
Genre: Business & Economics
ISBN: 9783031633973

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Prominent economists including Nassau Senior, Eugene von Bӧhm-Bawerk, Gustav Cassel, Irving Fisher, Walter Eucken, and Robert Dorfman have recognized or toyed with the idea of waiting as a factor of production, but this concept has not yet been explored in its entirety until now. In this book, Leland B. Yeager and Steve H. Hanke dive into the economic theory behind waiting and contextualize its relevance to modern-day monetary policy. Capital, Interest, and Waiting challenges economists to reconsider capital theory. The arguments presented within the book embrace extant literature on capital theory, including the numerous controversies, puzzles, and debates crowding the subject. These debates range from the Cambridge controversies triggered by Joan Robinson’s work to the famous “reswitching” problem to a broader array of important problems in capital theory that were laid out by Walter Eucken, among others. Leland B. Yeager and Steve H. Hanke present, discuss, and resolve these many complexities of capital theory. Chapters break new ground again and again by demonstrating how waiting is a factor of production and interest is its price. Those who read this book will challenge long-held beliefs relevant to monetary economics and reconsider their approach to capital theory.


China Into Its Second Rise: Myths, Puzzles, Paradoxes, And Challenge To Theory

China Into Its Second Rise: Myths, Puzzles, Paradoxes, And Challenge To Theory
Author: James Chieh Hsiung
Publisher: World Scientific
Total Pages: 340
Release: 2012-03-20
Genre: History
ISBN: 9814462829

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This book seeks to demystify the re-ascendancy of China as a civilization state. China's politics and society are examined in the light of its living civilization, which is the only one of the ancient civilizations that has survived to this day. The book also contrasts China's development with that of the West and Japan. By combining the impact of internal political and socio-economic developments in China and its external relations (from the silk routes, the tribute system, to the modern day), it unravels the existing myths, puzzles, and paradoxes surrounding China and questions the adequacy of most of the Western political theories (such as realism in international relations) in an attempt to explicate China's re-emergence as a world power. It attempts to tackle squarely the question: Is China a threat to world order?The book traces the rationale for contemporary developments in China to the roots in the country's tradition as well as foreign influences and seeks to unravel the puzzle about the unique China Model that defies conventional thinking in political economy, with its sustained and incredibly rapid economic growth over the past three decades. This study on China's second rise provides a broad background that includes a meaningful scrutiny of the country's behavior during its first rise (713-1820) and beyond. In comparing China's ongoing second rise with its first ascent, the book not only refocuses on and reinterprets the example set during its first rise, but also takes into account the crucial lessons it learned during its century in eclipse in the interregnum, for the effects they have on the country's current orientation and behavior. The book follows an interdisciplinary approach, combining the cultural, intellectual-historical, normative-ideological, and social-scientific perspectives, to lend a more solid grasp of the present-day China. It ends with an educated speculation, based on the foregoing analyses, on the contours of a Pax Sinica that is likely to result from the impact of China's second rise as a world power.


New Issues in Islamic Finance and Economics

New Issues in Islamic Finance and Economics
Author: Hossein Askari
Publisher: John Wiley & Sons
Total Pages: 268
Release: 2011-12-19
Genre: Business & Economics
ISBN: 1118179641

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New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.