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Trade is being weaponized - and this isn't good. As politicians on both sides of the Atlantic raise the stakes, trade is increasingly a tool of coercion to achieve strategic influence. This book looks at the risks for us all as trade becomes an instrument of foreign policy, and shows how politicians could turn things around.
This is a book about Sir John Cowperthwaite - the man Nobel Prize-winning economist Milton Friedman identified as being behind Hong Kong's remarkable post-war economic transformation. Despite there being some articles about him and effusive obituaries there have, until now, been no published biographies of Cowperthwaite.
Money is changing, and this book looks at where the technology of money might be taking us in the future. Technology has moved our concept of money from physical things, to unseen bits of information. But the shape of the future can be seen in the distant past.
The aim of this book is to inspire a better politics: one that will enable future generations to be happier. Greater well-being and better health should be the goals, rather than wealth maximization. We need to value healthcare more than hedge funds, caring above careers, relationships more than real estate. The book is about what makes most of us happier, but it is also about the collective good. We cannot truly be happy if those around us are not happy. The evidence for a successful politics that would promote happiness and health is examined, and policies that take account of this evidence are suggested. Government can and should work to make us happier.
Consumers in Britain face a curious mix of taxes and duties that are messy, opaque and out of date. They are also unfair: the poorer you are, the more of your income goes on paying these taxes. At the same time, we are ceaselessly bombarded by marketing information that is very one-sided. The foods that make us fat, for example, are promoted a great deal more than the foods that could keep us healthy - and again it is mainly the poor who bear the brunt. This book draws on insights from behavioural economics, participative decision-making and the author's twenty-five-year research career to take a fresh look at these issues. It concludes that there is a fair, inclusive, adaptable, affordable and resilient way of enabling us to eat healthily and to tackle the obesity crisis. The author proposes that negative VAT should be charged on healthy foods and high VAT should be charged on unhealthy foods. The book sets out a four-step process to actually implement this new regime, each step of which depends on mechanisms that have already been used by government. It is a bold yet practical proposition for tackling one of the most costly and damaging challenges we face.
Why did Britain's cities, once the engines of the industrial revolution, decline so severely? What needs to be done if our cities are once again to be the drivers of our economy? This book answers these questions, looking at the lessons of the last two hundred years. .
Transport is key to our daily lives. The transport system is essential to ensure the movement of people and goods, and most of us will use the roads or public transport every day. Vast sums are tied up in it and are spent on trying to resolve the problems of congestion and delays. And yet it is a most neglected field of politics. Britain has never had a coherent transport policy. Transport ministers are regarded as minnows compared with their 'big beast' colleagues in other ministries. Successive governments have barely attempted to get to grips with the challenge of getting people around efficiently and safely while limiting the environmental damage caused by transport. In this entertaining polemic, Christian Wolmar, an author and journalist who has written about transport for over two decades, explains why politicians have not addressed the crucial issue of balancing transport needs with environmental considerations. Instead, they have been seduced by the popularity of the car and pressure from the car lobby, and they have been sidetracked by dogma. Solutions are at hand - and successful examples can be seen elsewhere in Europe - but courage and clear thinking are needed if they are to be implemented.
Economists and bankers have long been much maligned individuals, but never more so than in the wake of the Global Financial Crisis. Working as an economist for various financial institutions for more than twenty-five years Russell Jones had a foot in both camps. He plied his trade in a number of global financial centres - including London, Tokyo, Sydney, New York and Abu Dhabi - experiencing at first hand the extraordinary ebb and flow of an industry that came to exert a disproportionate influence on the lives of almost everyone on the planet. This is the story of his journey.
This book argues that identity and money are both changing profoundly. Because of technological change the two trends are converging so that all that we need for transacting will be our identities captured in the unique record of our online social contacts. Social networks and mobile phones are the key technologies. They will enable the building of an identity infrastructure that can enhance both privacy and security - there is no trade-off. The long-term consequences of these changes are impossible to predict, partly because how they take shape will depend on how companies take advantage of business opportunities to deliver transaction services. But one prediction made here is that cash will soon be redundant - and a good thing too. In its place we will see a proliferation of new digital currencies.
With so many conflicting views and a balance to be struck between growth and conservation, what housing market outcomes might be regarded as a success for policymakers? This book attempts to give at least some answers, concluding with a list of criteria by which success might be judged along with a list of policy recommendations.
Poverty, and calls to end it, date back centuries. Even in prosperous modern times, despite the huge transformation of society, poverty has persisted. This book looks back at the struggle to end poverty and asks if it is worth it.
The difficult economic climate in Europe and the United States since the financial crisis is set to continue as the New Normal, despite frantic efforts to stimulate growth. The long phase of expansion that lasted from the 1980s until 2008 was driven by easy money, cheap imports and confidence - all gone. And the shift of geopolitical power to Asia is permanent. This does not mean that Western economies are inevitably condemned to 'lost decades' ahead. They can rediscover productivity and growth - but governments face formidable political obstacles to the reforms this would require.
London has enjoyed an extraordinary period of growth in the past generation, symbolized by the towers of Canary Wharf built on the skeleton of the old docks. Finance was at the heart of this, so how can London's economy be reinvented after the financial crisis? Success will depend on several factors that must go together: growing service sectors in addition to finance; making it possible for the people who work in London to live there in pleasant and affordable surroundings; and investing in communications and transport links. This must include an early decision on airport investment to improve global links, given that the capital's main airport is full to capacity - where the extra capacity is located is less important than starting work on expansion as soon as possible.
Is there any scientific evidence that drinking or bathing in hot mineral waters has a therapeutic effect, or is it just a glorified placebo? Focusing on Britain's premier spa at Bath, this book examines how and why 'taking the waters' was regarded as an efficacious therapy by both patients and practitioners; and how and why Bath's Mineral Water H
The gap between important real-word problems and the workhorse mathematical model-based economics being taught to students has become a chasm. This book examines what economists need to bring to their jobs, and the way in which economics education in universities could be improved to fit them better for the real world.
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