Economics 2009

www.cambridge.org/economics
Contents Highlights
Economic Thought, Philosophy and
Methodology 1
Econometrics 2
Econometric Society Monographs 3
Mathematical Methods and Pro-
gramming 3
Microeconomics 4
Macroeconomics and Monetary
Economics 5
International Economics 6
➤ See page 22
World Trade Organization 8 ➤ See page 22
Finance and Financial Economics 10

A Wealth of Knowledge and Learning…

➤ See page 02
Public Economics and Political
Economy 13
Institutional Economics 18
Industrial Organisation and Labour
Economics
Business and Management
19
20
...Economics Journals from Cambridge
Economic History 22
Economic Growth and Development 22 1744-1374_4-1.qxd.goldlabel 15/1/08 09:46 Page 1
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Volume 23 Number 3 November 2007

HISTORY OF Institutional Journal of Journal of

Journal of Economics

Economics &Philosophy
Journal of Pension Economics & Finance
Environmental and Natural Re-
Pension Economics
Economics &Philosophy
➤ See page 22 ECONOMIC THOUGHT Institutional Economics

PEF: Pension Economics & Finance 6.3 CVR PMS 2758 PMS Yellow 012
& Finance
Pension Economics Volume 23 Number 3 November 2007

JOI: Journal of Institutional Economics 4.1 CVR BLACK PMS 109

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Articles

Economics
articles

& Finance
Franz Dietrich and Strategy-Proof Judgment Aggregation 269
233 A model of the French pension reserve fund: what could be the optimal
THE JOURNAL OF THE contribution path rate?
Christian List
Igor Douven and The Discursive Dilemma as a Lottery Paradox 301

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Charlie Berger and Anne Lavigne

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HISTORY OF
Jan-Willem Romeijn
251 Behavioral effects of employer-sponsored retirement plans: evidence from Watson
◆ MARSHALL’S METAPHORS ON METHOD PP. 135-151(17) Wyatt’s Retirement Attitude Survey Andrew Halpin Disproving the Coase Theorem? 321
1 Observational learning, group selection, and societal evolution
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Harsanyi before Economics

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◆ IRVING FISHER AND FINANCIAL ECONOMICS: THE EQUITY
25 Models of long-run development: Latin America and East Asia Craig Thorburn, Roberto Rocha and Marco Morales Philippe Fontaine Harsanyi before Economics: An Introduction 343
PREMIUM PUZZLE, THE PREDICTABILITY OF STOCK PRICES,
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Economic
Thought,
Philosophy and
Methodology
The Romantic
Economist
Imagination in Economics
Richard Bronk
London School of Economics and Political
Science
Since economies are dynamic processes
driven by creativity, social norms, and
emotions as well as rational calculation,
why do economists largely study them
using static equilibrium models and
narrow rationalistic assumptions? Bronk
argues that economists should look for
new techniques in Romantic poetry and
philosophy.
‘The Romantic Economist is a miracle,
combining sophisticated economics
with, of all things, sophisticated
literary criticism – in aid of the
economics. An economics that
recognized our Wordsworthian selves,
Richard Bronk argues in a lucid and
learned style, would do much better at
the analysis of getting and spending.
The world is too much with us if we
do not have a humanistic science
of economics. Bronk is among the
handful of modern students of the
economy who sees this clear. Literary
folk can learn from Bronk about the
dismal science. But it is the tribe
of the Econ who need him most.
Fortunately they will find the needful
assignment here a delight.’
Deirdre McCloskey, author of The Bourgeois
Virtues: Ethics for an Age of Commerce (2006)
2009 228 x 152 mm 400pp
978-0-521-51384-5 Hardback £45.00
978-0-521-73515-5 Paperback £17.99
www.cambridge.org/9780521513845
The Economics
of Karl Marx
Analysis and Application
Samuel Hollander
Ben Gurion University of the Negev, Israel
An account and technical assessment of
Marx’s economic analysis in Capital and
other documents.
Historical Perspectives on Modern Economics
2008 228 x 152 mm 550pp 3 tables
978-0-521-79078-9 Hardback £80.00
978-0-521-79399-5 Paperback £38.00
eBook available
www.cambridge.org/9780521790789
Economic Thought, Philosophy and Methodology
Forthcoming
The Methodology of
Positive Economics
Reflections on the Milton
Friedman Legacy
Edited by Uskali Mäki
Erasmus Universiteit Rotterdam
Milton Friedman’s 1953 essay ‘The
methodology of positive economics’
remains the most cited, influential, and
controversial piece of methodological
writing in twentieth-century economics.
In this book, a team of world-
renowned experts in the methodology
of economics assess the impact and
significance of Friedman’s seminal work.
2009 228 x 152 mm 382pp 3 figures
1 graph
978-0-521-86701-6 Hardback £65.00
978-0-521-68686-0 Paperback £25.99
www.cambridge.org/9780521867016
Forthcoming
Reciprocity
An Economics of Social Relations
Serge-Christophe Kolm
Ecole des Hautes Etudes en Sciences Sociales,
Paris
Reciprocity is a crucial part of our social
and economic lives, yet until recently
it has been somewhat ignored by
economists. Serge-Christophe Kolm
shows us that reciprocity and altruism
play an important role, not just in the
micro-economy of the family but also in
the macro-economy of the state.
Advance praise:
‘Over the last forty years Serge-
Christophe Kolm has produced a body
of writings that show him to be one
of the most creative and profound
economists of our day. In his ability to
go the core of the matter – whatever
it is – he has few equals. In Reciprocity
he offers the fullest analysis of the
topic to date, by any social scientist –
a true summa.’
Jon Elster, Collège de France
Federico Caffè Lectures
2008 216 x 138 mm 408pp 11 line figures
11 figures 5 graphs
978-0-521-88265-1 Hardback £55.00
eBook available
www.cambridge.org/9780521882651
1
Justice, Political
Liberalism, and
Utilitarianism
Themes from Harsanyi and Rawls
Edited by Marc Fleurbaey
Université de Paris V
Maurice Salles
Université de Caen, France
and John A. Weymark
Vanderbilt University, Tennessee
This collection of essays on Harsanyi
and Rawls is intended for audiences
across economics, political science, and
philosophy.
2008 228 x 152 mm 472pp
978-0-521-64093-0 Hardback £45.00
eBook available
www.cambridge.org/9780521640930
Driving Innovation
Intellectual Property Strategies
for a Dynamic World
Michael A. Gollin
Venable LLP, Washington DC
This book shows how intellectual
property can expand innovation globally,
if it is managed strategically.
2008 234 x 156 mm 430pp 13 tables
978-0-521-87780-0 Hardback £45.00
978-0-521-70169-3 Paperback £17.99
eBook available
www.cambridge.org/9780521877800
Harry Johnson
A Life in Economics
D. E. Moggridge
University of Toronto
Chronicles eminent economist Harry
Johnson’s intellectual development and
contributions to economic research and
policy.
Historical Perspectives on Modern Economics
2008 228 x 152 mm 504pp
978-0-521-87482-3 Hardback £55.00
eBook available
www.cambridge.org/9780521874823
Forthcoming
An Introduction to
Decision Theory
Martin Peterson
Royal Institute of Technology, Stockholm
This clearly written introduction covers
all the main aspects of decision theory
including utility theory, subjective and
objective probability, Bayesianism,
causal decision theory, game theory, and
social choice theory. No mathematical
background is assumed and a full
eBooks available at www.cambridge.org/online
2 Economic Thought, Philosophy and Methodology / Econometrics
glossary and over 100 exercises help the
reader to fully understand the area.
Cambridge Introductions to Philosophy
2009 247 x 174 mm 328pp 95 tables
4 graphs
978-0-521-88837-0 Hardback £45.00
978-0-521-71654-3 Paperback £14.99
www.cambridge.org/9780521888370
Econometrics
Textbook
Running Regressions
A Practical Guide to Quantitative
Research in Economics, Finance
and Development Studies
Michelle C. Baddeley
University of Cambridge
and Diana V. Barrowclough
United Nations Conference on Trade and
Development (UNCTAD), Geneva
Introduces first-year social science
undergraduates, particularly those
studying economics and business, to the
practical aspects of simple regression
analysis, without adopting an esoteric,
mathematical approach.
‘This book shows how econometrics
can be of real value to understanding
major global problems such as violent
conflict and poverty. With an easily
readable style, the book encourages
everyone to try their hand at running
regressions.’
Anthony Addison, University of Manchester
Contents: List of figures; List of tables;
List of boxes; List of acronyms; How to
use this book; Part I. Simple Regression
and Data Analysis: 1. An introduction to
ordinary least squares; 2. Running simple
regressions: global poverty and growth;
3. Using logs and estimating elasticities:
demand for air travel; 4. Hypothesis testing:
health expenditures and the quality of
life; Part II. Multiple Regression and
Diagnostic Testing: 5. Multiple regression
analysis: housing demand in the UK;
6. Heteroscedasticity: R&D, innovation and
economic performance; 7. Autocorrelation:
tourism and the environment; 8. Model
misspecification: Tobin’s q and investment in
the USA; Part III. Time Series Econometrics:
9. Structural breaks, non-stationarity and
spurious regressions: venture capital and
computing investment in the USA; 10. Error
correction models AND cointegration:
consumption and the multiplier in the
UK; Part IV. Advanced Topics: 11. Panel
estimation: divorce and income; 12. Binary
dependent variables: war and poverty;
Index.
2009 247 x 174 mm 310pp 34 tables
41 figures 43 graphs
978-0-521-84211-2 Hardback £60.00
978-0-521-60308-9 Paperback £23.99
www.cambridge.org/9780521842112
Textbook
Microeconometrics
Methods and Applications
A. Colin Cameron
University of California, Davis
and Pravin K. Trivedi
Indiana University, Bloomington
This text is the most comprehensive
work to date on microeconometrics, its
methods and applications.
‘This book presents an elegant
and accessible treatment of the
broad range of rapidly expanding
topics currently being studied by
microeconometricians. Thoughtful,
intuitive, and careful in laying out
central concepts of sophisticated
econometric methodologies, it is
not only an excellent textbook for
students, but also an invaluable
reference text for practitioners and
researchers.’
Cheng Hsiao, University of Southern California
Contents: 1. Introduction; 2. Causal and
non-causal models; 3. Microeconomic
data structures; 4. Linear models; 5. ML
and NLS estimation; 6. GMM and
systems estimation; 7. Hypothesis tests;
8. Specification tests and model selection;
9. Semiparametric methods; 10. Numerical
optimization; 11. Bootstrap methods;
12. Simulation-based methods; 13. Bayesian
methods; 14. Binary outcome models;
15. Multinomial models; 16. Tobit and
selection models; 17. Transition data:
survival analysis; 18. Mixture models and
unobserved heterogeneity; 19. Models of
multiple hazards; 20. Models of count data;
21. Linear panel models: basics; 22. Linear
panel models: extensions; 23. Nonlinear
panel models; 24. Stratified and clustered
samples; 25. Treatment evaluation;
26. Measurement error models; 27. Missing
data and imputation; A. Asymptotic theory;
B. Making pseudo-random draw.
2005 253 x 177 mm 1056pp 43 line figures
101 tables
978-0-521-84805-3 Hardback £50.00
eBook available
www.cambridge.org/9780521848053
Textbook
Introductory
Econometrics
Using Monte Carlo Simulation
with Microsoft Excel
Humberto Barreto
Wabash College, Indiana
and Frank Howland
Wabash College, Indiana
This accessible textbook, CD-ROM and
supporting web site use Excel (R) to
teach introductory econometrics.
‘Hats off to Barreto and Howland for
a clearly-written text that introduces
the undergraduate to data analysis
and econometric techniques using
Excel. The book’s strength is in
using Monte Carlo simulation to
illustrate sampling theory and the
Gauss Markov theorem. I am in total
agreement with the authors that
computer-based exercises help to
make abstract concepts operations
and meaningful. Most juniors and
seniors are familiar with the basic
features of Excel spreadsheets.
Showing them how to use SOLVER,
the DATA ANALYSIS TOOLS, and to
run Monte Carlo simulations, allows
an instructor to take a familiar
tool (Excel) and use it to introduce
undergraduates to econometrics in an
intuitive and non-threatening way.’
Jon M. Conrad, Cornell University
Contents: 1. Introduction;
Part I. Description: 2. Correlation;
3. Pivot tables; 4. Computing regression;
5. Interpreting regression; 6. Functional
form; 7. Multivariate regression; 8. Dummy
variables; Part II. Inference: 9. Monte
Carlo simulation; 10. Inferential statistics
review; 11. Measurement box model;
12. Comparing two populations; 13. The
classical econometric model; 14. The Gauss
Markov theorem; 15. Understanding the
standard error; 16. Hypothesis testing and
confidence intervals; 17. F tests; 18. Omitted
variable bias; 19. Heteroskedasticity;
20. Autocorrelation; 21. The series
topics; 22. Dummy dependent variables;
23. Bootstrap; 24. Simultaneous equations.
2006 253 x 177 mm 798pp 4 tables
978-0-521-84319-5 Hardback £43.00
eBook available
www.cambridge.org/9780521843195
The Econometric
Modelling of Financial
Time Series
Third edition
Terence C. Mills
Loughborough University
and Raphael N. Markellos
Athens University of Economics and Business
The latest research techniques and
findings relating to the empirical
analysis of financial markets.
2008 247 x 174 mm 470pp 85 line figures
34 tables 63 figures 85 graphs
978-0-521-71009-1 Paperback £25.99
eBook available
www.cambridge.org/9780521710091
 Econometric Society Monographs / Mathematical Methods and Programming
Econometric
Society
Monographs
Theory of Decision
under Uncertainty
Itzhak Gilboa
Tel-Aviv University and HEC, Paris
This book describes classical axiomatic
theories of decision under uncertainty,
critiques thereof, and alternative
theories. It discusses the meaning of
probability, focusing on the behavioral
definition of subjective probability by
Savage’s theorem. It presents non-
additive and multiple prior theories, as
well as the case-based approach to the
formation of beliefs.
‘This is a fantastic book. It presents
an intelligent, rigorous, and thought-
provoking treatment of the theory
of choice under uncertainty. The
combination of philosophical and
mathematical approaches is a treat.
Graduate students and professional
economists alike have much to learn
from this book.’
Daron Acemoglu, Massachusetts Institute of
Technology
Econometric Society Monographs
2009 228 x 152 mm 230pp
978-0-521-51732-4 Hardback £50.00
978-0-521-74123-1 Paperback £16.99
www.cambridge.org/9780521517324
Mathematical
Methods and
Programming
Stochastic
Approximation
A Dynamical Systems Viewpoint
Vivek S. Borkar
Tata Institute of Fundamental Research,
Mumbai, India
Simple, compact toolkit for designing
and analyzing algorithms, with
concrete examples from control and
communications engineering, artificial
intelligence, economic modelling.
2008 228 x 152 mm 176pp
978-0-521-51592-4 Hardback £35.00
www.cambridge.org/9780521515924
Price and Quantity
Index Numbers
Models for Measuring Aggregate
Change and Difference
Bert M. Balk
Statistics Netherlands and Erasmus Universiteit
Rotterdam
The first comprehensive text on index
number theory since Irving Fisher’s 1922
The Making of Index Numbers.
2008 228 x 152 mm 300pp
978-0-521-88907-0 Hardback £48.00
www.cambridge.org/9780521889070
Multiagent Systems
Algorithmic, Game-Theoretic,
and Logical Foundations
Yoav Shoham
Stanford University, California
and Kevin Leyton-Brown
University of British Columbia, Vancouver
Multiagent systems are those that
include multiple autonomous entities
with either diverging information
or diverging interests, or both. This
thorough introduction to a burgeoning
field is written from a computer science
perspective, while bringing together
ideas from operations research, game
theory, economics, logic, and even
philosophy and linguistics.
2009 253 x 177 mm 504pp 14 tables
978-0-521-89943-7 Hardback £35.00
eBook available
www.cambridge.org/9780521899437
Textbook
Analysis of
Variance Designs
A Conceptual and Computational
Approach with SPSS and SAS
Glenn Gamst
University of La Verne, California
Lawrence S. Meyers
California State University, Sacramento
and A. J. Guarino
Auburn University, Alabama
This textbook explains ANOVA designs
for advanced undergraduates and
graduate students in the behavioural
sciences.
2008 253 x 177 mm 594pp 38 tables
36 exercises
978-0-521-87481-6 Hardback £45.00
eBook available
www.cambridge.org/9780521874816
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New Edition
Forthcoming
Input-Output Analysis
Foundations and Extensions
Second edition
Ronald E. Miller
University of Pennsylvania
and Peter D. Blair
National Academy of Sciences, Washington DC
The new edition of this classic textbook
is an essential reference for students
and scholars in the input-output
research and applications community.
New topics covered include SAMs (and
extended input-output models) and
their connection to input-output data,
structural decomposition analysis (SDA),
multiplier decompositions, identifying
important coefficients, and international
input-output models.
2009 247 x 174 mm 785pp 153 tables
41 figures 24 graphs
978-0-521-51713-3 Hardback c. £85.00
978-0-521-73902-3 Paperback c. £40.00
Publication July 2009
www.cambridge.org/9780521517133
Markov Chains and
Stochastic Stability
Second edition
Sean Meyn
University of Illinois, Urbana-Champaign
and Richard L. Tweedie
University of Minnesota
Prologue by Peter W. Glynn
New up-to-date edition of this
influential classic on Markov chains in
general state spaces. Proofs are rigorous
and concise, the range of applications
is broad and knowledgeable, and key
ideas are accessible to practitioners
with limited mathematical background.
New commentary by Sean Meyn,
including updated references, reflects
developments since 1996.
‘This second edition remains true
to the remarkable standards of
scholarship established by the first
edition … it will no doubt be a very
welcome addition to the literature.’
Peter W. Glynn, Prologue to the Second Edition
Cambridge Mathematical Library
2009 247 x 174 mm 622pp 4 tones
17 figures
978-0-521-73182-9 Paperback £30.00
www.cambridge.org/9780521731829
4 Mathematical Methods and Programming / Microeconomics
Forthcoming
A Quantitative Tour of
the Social Sciences
Edited by Andrew Gelman
Columbia University, New York
and Jeronimo Cortina
This overview by prominent social
scientists gives a friendly, non-technical
sense of how quantitative research is
done in different areas. Readers will find
out about models and ways of thinking
in economics, history, sociology, political
science, and psychology, which in turn
they can bring back to their own work.
‘A marvelous sampler of quantitative
approaches to social science across
a range of disciplines. The authors
forsake the dry and mechanical
overviews that typify introductory
texts in favor of focused forays
into specific problems, deemed
representative of their discipline’s
theoretical and empirical output.
These engrossing stories of research
make the volume a lively and
informative read.’
John Gerring, author of Social Science
Methodology and Case Study Research:
Principles and Practices
2009 228 x 152 mm 368pp 49 line figures
32 tables 63 exercises
978-0-521-86198-4 Hardback £50.00
978-0-521-68003-5 Paperback £17.99
www.cambridge.org/9780521861984
Microeconomics
NEW
Insights into
Game Theory
An Alternative Mathematical
Experience
Ein-Ya Gura
Hebrew University of Jerusalem
and Michael Maschler
Hebrew University of Jerusalem
The mathematical complexity of game
theory is often very intimidating
for students who have only a basic
understanding of mathematics. Insights
into Game Theory addresses this
problem by providing students with an
understanding of the key concepts and
ideas of game theory without using
formal mathematical notation.
Advance praise:
‘Game theory has come of age – it
can now be taught to children!
This book shows how beautiful and
significant insights of Game Theory
can be obtained using elementary
mathematics and sophisticated
reasoning. Highly recommended!’
Sergiu Hart, Alice Kusiel and Kurt Vorreuter
University Professor, Center for Rationality, The
Hebrew University of Jerusalem, and President
of the Game Theory Society
2008 228 x 152 mm 250pp 87 line figures
87 figures
978-0-521-87422-9 Hardback £40.00
978-0-521-69692-0 Paperback £14.99
eBook available
www.cambridge.org/9780521874229
Forthcoming
Intermediate
Microeconomics with
Microsoft Excel
Humberto Barreto
Wabash College, Indiana
This unique text uses Microsoft Excel®
workbooks to instruct students. In
addition to explaining fundamental
concepts in microeconomic theory,
readers acquire a great deal of
sophisticated Excel skills and gain
the practical mathematics needed to
succeed in advanced courses.
Contents: Introduction; Part I. The
Theory of Consumer Behavior: 1. Budget
constraint; 2. Satisfaction; 3. Optimal choice;
4. Comparative statistics; 5. Endowment
models; 6. Bads; 7. Search theory;
8. Behavioral economics; Part II. The
Theory of the Firm: 9. Production function;
10. Input cost minimization; 11. Output
profit maximization; 12. Input profit
maximization; 13. Consistency in the theory
of the firm; 14. Monopoly; 15. Game theory;
Part III. The Market System: 16. Partial
equilibrium; 17. General equilibrium;
Conclusion.
2009 253 x 215 mm 552pp 125 line figures
131 tones 1 table
978-0-521-89902-4 Hardback c. £48.00
Publication July 2009
www.cambridge.org/9780521899024
Forthcoming
The Theory of the Firm
Microeconomics with
Endogenous Entrepreneurs,
Firms, Markets, and
Organizations
Daniel F. Spulber
Northwestern University, Illinois
The Theory of the Firm presents an
innovative general framework for
understanding the economics of the
firm. Entrepreneurs play a pivotal role by
establishing firms. The book addresses
why firms exist and the contributions
firms make to the economy. The
book reexamines the foundations of
microeconomics by making institutions
endogenous.
‘Daniel Spulber has produced nothing
less than a magisterial work. His
treatment of firm formation and the
role of entrepreneurs in economic
activity makes it a certainty that
introductory texts in economics
will have to be rewritten to
accommodate the importance of his
work and insight. For the first time,
Schumpeter’s work has been expanded
and settled within the context of
modern economics such that the
transformation of our economy
toward entrepreneurial capitalism has
a new and profoundly well-reasoned
theoretical basis.’
Carl J. Schramm, President, Ewing Marion
Kauffman Foundation
2009 228 x 152 mm 544pp 44 line figures
5 tables
978-0-521-51738-6 Hardback £75.00
978-0-521-73660-2 Paperback £22.99
www.cambridge.org/9780521517386
Economics and
Marijuana
Consumption, Pricing and
Legislation
Kenneth W. Clements
University of Western Australia, Perth
and Xueyan Zhao
Monash University, Victoria
Do marijuana users cut back on
consumption when the price rises?
To what degree is marijuana
consumption related to drinking and
tobacco usage? This book applies the
economic approach to drugs to analyse
consumption, pricing and the economics
of legalising the use of marijuana.
‘Ken Clements and Xueyan Zhao do
a marvellous job in analysing and
explaining the many factors that
affect the demand for marijuana, the
way it is priced, and the issues arising
from legalising this illicit drug. If you
were not convinced that economists
can improve our understanding of the
social problems arising from the use
of marijuana, you will be convinced
after reading this book.’
Professor Paul De Grauwe, Katholieke
Universiteit Leuven, Belgium
2009 228 x 152 mm 472pp 99 tables
139 figures
978-0-521-88495-2 Hardback c. £55.00
Publication September 2009
www.cambridge.org/9780521884952
 Microeconomics / Macroeconomics and Monetary Economics
Communication in practitioners, and policymakers with an
Mechanism Design easily accessible set of tools that can
be used to analyze a wide range of
A Differential Approach
economic phenomena.
Steven R. Williams
University of Illinois, Urbana-Champaign ‘The team of Altug and Labadie have
Develops a calculus-based theory produced another superb book. Their
of communication in economic first book sits on my book shelf where
it is easy to reach. This second one
mechanisms.
will too.’
2008 228 x 152 mm 216pp
978-0-521-85131-2 Hardback £45.00 William A. Brock, Professor of Economics,
University of Wisconsin – Madison
eBook available
www.cambridge.org/9780521851312 2008 247 x 174 mm 600pp 22 line figures
4 tables 22 figures 19 graphs
978-0-521-87585-1 Hardback £70.00
Handbook of 978-0-521-69914-3 Paperback £31.99
Procurement eBook available
www.cambridge.org/9780521875851
Edited by Nicola Dimitri
Università degli Studi, Siena
Gustavo Piga Textbook
Università degli Studi di Roma ‘Tor Vergata’
and Giancarlo Spagnolo The Economics of
Stockholm School of Economics Exchange Rates
An authoritative guide to the Lucio Sarno
fundamental aspects of successful University of Warwick
procurement design and management. and Mark P. Taylor
2006 247 x 174 mm 560pp 19 tables University of Warwick
9 figures Foreword by Jeffery A. Frankel
978-0-521-87073-3 Hardback £69.00
Presents recent developments in
eBook available
theory and empirics of exchange rate
www.cambridge.org/9780521870733
economics.
‘Sarno and Taylor’s book is a tour de
Designing Economic
force. The exposition is comprehensive,
Mechanisms covering contributions from all
Leonid Hurwicz corners of the field, and covering the
University of Minnesota range from the seminal models of the
and Stanley Reiter 1970s to the latest discoveries on the
Northwestern University, Illinois theoretical and econometric frontiers
of the 2000s. There is no excess
This book presents methods for
verbiage or mathematics. Everything
designing institutions that direct and is there to serve a purpose. This is the
co-ordinate economic activity to achieve current state of knowledge.’
specified goals. Jeffrey A. Frankel, Harvard University
2008 228 x 152 mm 354pp
978-0-521-72410-4 Paperback £19.99 Contents: 1. Introduction; 2. Foreign
eBook available exchange market efficiency; 3. Purchasing
www.cambridge.org/9780521724104 power parity and the real exchange rate;
4. Exchange rate determination: theories
and evidence; 5. New open economy
macroeconomics; 6. Currency unions,
Macroeconomics pegged exchange rates, and target zone
models; 7. Official intervention in the foreign
and Monetary exchange market; 8. Models of currency
crisis and speculative attack; 9. Foreign
Economics exchange market microstructure.
2003 247 x 174 mm 330pp 10 figures
978-0-521-48584-5 Paperback £29.99
NEW eBook available
www.cambridge.org/9780521485845
Asset Pricing for
Dynamic Economies
Sumru Altug The Birth of the Euro
Koç University, Istanbul Otmar Issing
and Pamela Labadie Former Chief Economist, European Central Bank
George Washington University, Washington DC Today, 318 million people in 15
This introduction to general equilibrium countries use the Euro, which now rivals
modeling takes an integrated approach the importance of the US Dollar in the
to the analysis of macroeconomics world economy. This unique insider
and finance. It provides students, account, written by one of the Euro’s
principal architects, combines personal
5
memoir with reference to the academic
and policy literature.
‘It is hard to think of a single
monetary event more important than
the creation of European Monetary
Union. Otmar Issing, the intellectual
force behind the first decade of the
European Central Bank, has written
a brilliant account of the debates
and struggles behind the birth of the
Euro, an event which has reshaped the
world monetary order.’
Mervyn A. King, Governor Bank of England
2008 228 x 152 mm 296pp 7 tables
20 figures 18 graphs
978-0-521-51673-0 Hardback £45.00
978-0-521-73186-7 Paperback £15.99
eBook available
www.cambridge.org/9780521516730
Globalisation,
Regionalism
and Economic
Interdependence
Edited by Filippo di Mauro
European Central Bank
Stéphane Dees
European Central Bank
and Warwick J. McKibbin
Australian National University, Canberra
An assessment of the extent to
which increased global and regional
integration has changed the
functioning of the world economy. With
contributions from both academics
and professionals, it analyses the
implications for global trade, relocation
of production, structural changes and
the international transmission of shocks.
2009 228 x 152 mm 182pp 140 line figures
30 tables 46 figures 140 graphs
978-0-521-88606-2 Hardback £55.00
eBook available
www.cambridge.org/9780521886062
Markets, Money
and Capital
Hicksian Economics for the
Twenty First Century
Edited by Roberto Scazzieri
Università degli Studi, Bologna, Italy
Amartya Sen
Harvard University, Massachusetts
and Stefano Zamagni
Università degli Studi, Bologna, Italy
Sir John Hicks was one of the leading
economic theorists of the twentieth
century, jointly winning the Nobel
Prize for his work in 1972. This volume
addresses Hicks’s intellectual heritage
and discusses how his ideas suggest a
Visit our website at www.cambridge.org
6 Macroeconomics and Monetary Economics / International Economics
distinct approach to economic theory
and policy making.
‘John Hicks, one of the greatest
economists of the twentieth century,
had a highly varied set of interests
and viewpoints. This collection of
essays, written by former students
and others close to the corpus of this
thought, gives deep insight into the
broad theoretical syntheses which
have had so much influence, together
with the special nuances of Hicks’s
approaches and interpretations
of economic reality. The depth
and thoroughness of the writers’
approaches lift this volume far above
the narrow interpretations of Hicks’s
work.’
Kenneth J. Arrow, Nobel laureate and Emeritus
Professor of Economics, Stanford University
2009 228 x 152 mm 466pp 5 tables
33 figures
978-0-521-87321-5 Hardback £55.00
eBook available
www.cambridge.org/9780521873215
International
Economics
NEW
Textbook
The New Introduction
to Geographical
Economics
Second edition
Steven Brakman
Rijksuniversiteit Groningen, The Netherlands
Harry Garretsen
Rijksuniversiteit Groningen, The Netherlands
and Charles van Marrewijk
Universiteit Utrecht, The Netherlands
Geographical economics starts from
the observation that economic activity
is clearly not randomly distributed
across space. This revised and updated
introduction to geographical economics
uses the modern tools of economic
theory to explain the who, why and
where of the location of economic
activity.
‘Geographical economics is a broad
field which encompasses or connects
with the economics of region, cities,
location, trade, development, and
growth. Academic research in these
areas has gone in many directions
and made lots of progress in recent
years. The first accomplishment of this
New Introduction to Geographical
Economics was to digest this diverse
and fast growing body of knowledge.
The second achievement of this
great book is to be able to present
everything in a clear, comprehensive,
and accessible manner.’
Gilles Duranton, Noranda Chair in International
Trade and Development, University of Toronto
Contents: List of figures; List of tables; List
of boxes; List of technical notes; Preface
to the new edition; Part I. Introduction:
1. A first look at geography, trade, and
development; 2. Geography and economic
theory; Part II. Core Models and Empirical
Evidence: 3. The core model of geographical
economics; 4. Beyond the core model:
solutions, simulations and extensions;
5. Agglomeration, the home market effect
and spatial wages; 6. Shocks, free-ness of
trade, and stability; Part III. Applications
and Extensions: 7. Cities and congestion:
economies of scale, urban systems
and Zipf’s Law; 8. Agglomeration and
international business; 9. The structure
of international trade; 10. Dynamics,
growth and geography; Part IV. Policy and
Evaluation: 11. The policy implications of
geographical economics; 12. Criticism and
the value added of geographical economics;
References; Index.
2009 247 x 174 mm 596pp 17 maps
58 tables 113 figures 143 graphs
978-0-521-87532-5 Hardback £75.00
978-0-521-69803-0 Paperback £35.00
www.cambridge.org/9780521875325
A Handbook of
Primary Commodities
in the Global Economy
Marian Radetzki
Luleå Tekniska Universitet, Sweden
The world is going through an
exceptional commodity boom. This book
is a guide to the ins and outs of this
increasingly crucial part of the world
economy. Assuming nothing more from
readers than a basic understanding
of economics, Marian Radetzki
introduces and explains pertinent issues
surrounding international commodity
markets.
‘Professor Radetzki has produced
a magisterial account of primary
commodities and their persistent
and critical importance in the world
economy. This timely, well-written,
and accessible handbook covers the
history and geography of the subject
as well as the economics, institutions,
and controversies involved, and
deserves wide readership in industry
and government offices as well as in
academia.’
Thorvaldur Gylfason, Professor of Economics,
University of Iceland
2008 228 x 152 mm 244pp 11 line figures
25 tables 11 figures
978-0-521-88020-6 Hardback £55.00
eBook available
www.cambridge.org/9780521880206
Forthcoming
Arab Economies in the
Twenty-First Century
Paul Rivlin
Tel-Aviv University
This book examines the relationship
between demographic and economic
development in Arab countries and asks
why this imbalance has continued so
long. It examines historic explanations
for its economic failures, some of which
are quite controversial.
‘Rivlin’s analysis of the Arab
economies is the most thorough
and astute available today, offering
exceptional insights into the
interactions of history, politics, and
economics across the region. Rivlin
focuses our attention on how the
Arab world has squandered the
‘demographic gift’ of a rapidly
growing work force and shrinking
portion of dependents. He shows
how political conservatism has not
only been supported by oil revenues
and remittances, it has blocked the
reforms needed to promote modern
education and rapid industrialization.
As a result, rapid labor force
growth has not been a source of
rising productivity, but of rising
unemployment, political restiveness,
and radicalism.’
Jack A. Goldstone, George Mason University
2009 228 x 152 mm 328pp 32 line figures
62 tables
978-0-521-89500-2 Hardback £45.00
978-0-521-71923-0 Paperback £15.99
www.cambridge.org/9780521895002
Textbook
Global Competitive
Strategy
Daniel F. Spulber
Northwestern University, Illinois
An indispensable strategic toolkit for
international business.
‘In our fiercely competitive global
landscape, it is critical to stay
several steps ahead of the trends,
markets and technologies that ensure
success. Daniel Spulber’s insightful
methodology is a must-read for
international business managers
looking for a strategic advantage.’
Bill McDermott, President & CEO, SAP Americas
Contents: List of figures; List of tables;
Preface; Acknowledgements; Introduction:
the global challenge; 1. The global
mosaic; 2. Global strategic analysis;
3. Global competitive advantage; 4. Global
competitive strategy; 5. Global investment
strategy: choosing the best mix of
transactions and investment; 6. The global

business organization; 7. Lenovo: entering
global competition; 8. Cemex: making
global markets; 9. Dairy farm: regional retail
strategy; 10. Danone: organizing for global
competition; Conclusion.
2007 247 x 174 mm 304pp 22 line figures
22 tables 22 figures 1 graph
978-0-521-88081-7 Hardback £31.99
eBook available
www.cambridge.org/9780521880817
Textbook
The European Union
Economics and Policies
Eighth edition
Edited by Ali El-Agraa
Fukuoka University, Japan
The European Union provides a
comprehensive introduction to the
economics and policies of the EU.
‘El-Agraa’s (2007) textbook is
designed for readers from all
disciplines studying the EU, its
economics and policies and the effects
of economic integration. It offers an
overview of economic policies and
principles (including chapters on
theories of economic and on monetary
integration) and touches on various
policy-making areas. It is among
the most useful textbooks for those
mainly interested in the economics of
the EU.’
Journal of Common Market Studies
Contents: List of figures; List of tables;
List of contributors; Preface; A guide for
users; List of abbreviations; 1. General
introduction: the EU within the global
context of regional integration; Part I. EU
History, Institutions, Legal Dimension and
Basic Statistics: 2. A history of European
integration and evolution of the EU;
3. EU institutions; 4. The legal dimension
in EU integration; 5. The basic statistics;
Part II. EU market integration: theory
and practice: 6. The theory of economic
integration; 7. The economics of the single
market; 8. Factor mobility; 9. Measuring
the impact of economic integration;
Part III. EU Monetary Integration: 10. The
theory of monetary integration; 11. The
development of EU economic and monetary
integration; 12. The operation of EMU;
Part IV. The Single European Market: policy
and integration: 13. Competition policy;
14. Industrial and competitiveness policy:
the Lisbon Strategy; 15. Tax harmonization;
16. Transport policy; 17. Energy policy
and energy markets; 18. Environmental
policy; Part V. EU budget and structural
policies: 19. The general budget; 20. The
Common Agricultural Policy; 21. The
Common Fisheries Policy; 22. Regional
policy; 23. Social policies: the employment
dimension; Part VI. EU External Relations:
24. External trade policy; 25. The EU
and the developing world; Part VII. The
enlargement, success and future of the
EU: 26. Enlargement; 27. Has the EU been
successful?; 28. The future of the EU;
References; Author index; Subject index.
2007 246 x 189 mm 630pp 69 line figures
4 maps 69 figures 60 graphs
978-0-521-87443-4 Hardback £75.00
978-0-521-69727-9 Paperback £35.00
eBook available
www.cambridge.org/9780521874434
Russia Since 1980
Steven Rosefielde
University of North Carolina, Chapel Hill
and Stefan Hedlund
Uppsala universitet, Sweden
Russia Since 1980 recounts the epochal
political, economic, and social changes
that destroyed the Soviet Union,
ushering in a perplexing new order.
Two decades after Mikhail Gorbachev
initiated his regime-wrecking radical
reforms, Russia has reemerged as
a superpower. Russia will continue
challenging the West until it breaks with
its cultural legacy.
‘For all those who believe that Russia
has turned a developmental or
economic, not to mention political,
corner, this is a necessary and hard-
hitting corrective. It also is a sobering
analysis of what Russian society has
undergone for almost thirty years
and is likely to experience in the
future. After reading this bracing and
valuable analysis, few, if any, analysts
will be able to look at Gorbachev,
Yeltsin, and Putin in the same light
as before. And for that we should be
grateful.’
Stephen Blank, Strategic Studies Institute US
Army War College
The World Since 1980
2009 228 x 152 mm 374pp 26 tables
978-0-521-84913-5 Hardback £45.00
978-0-521-61384-2 Paperback £14.99
eBook available
www.cambridge.org/9780521849135
Foreign Direct
Investment in Japan
Multinationals’ Role in Growth
and Globalization
Ralph Paprzycki
Hitotsubashi University, Tokyo
and Kyoji Fukao
Hitotsubashi University, Tokyo
Foreign Direct Investment in Japan
presents a detailed examination of
recent trends of inward foreign direct
investment (FDI) and their impact on the
Japanese economy.
2008 228 x 152 mm 288pp 31 line figures
16 tables
978-0-521-87368-0 Hardback £45.00
eBook available
International Economics 7
www.cambridge.org/9780521873680
Textbook
Nations and Firms in
the Global Economy
An Introduction to International
Economics and Business
Steven Brakman
Rijksuniversiteit Groningen, The Netherlands
Harry Garretsen
Universiteit Utrecht, The Netherlands
Charles Van Marrewijk
Erasmus Universiteit Rotterdam
and Arjen Van Witteloostuijn
Rijksuniversiteit Groningen, The Netherlands
An introductory textbook with a
uniquely integrated approach to
international economics, international
business and globalisation.
‘International trade and international
business have hitherto existed in two
separate worlds – a world of nations
and a world of firms – in academic
teaching and even in research. This
book gives us a welcome integration
of the two at the level of teaching.
Students who use it will develop a
unified vision that will benefit them
in their future careers, whether in
business, government, international
institutions, or academic research.’
Avinash K. Dixit, Department of Economics,
Princeton University
Contents: Tables; Figures; Boxes; Preface;
Course structure; Part I. Introduction:
1. The global economy; 2. International
accounting practices; Part II. Firms, Trade
and Location: 3. Trade and comparative
advantage; 4. Trade and competitive
advantage; 5. Firms, location, and
agglomeration; Part III. Capital, Currency
and Crises: 6. International capital mobility;
7. Gains from capital market integration;
8. Investors, exchange rates and currency
crises; 9. Financial crises, firms, and the
open economy; Part IV. Policy, Dynamics,
and Organization: 10. Trade and capital
restrictions; 11. Globalization and economic
growth; 12. Nations and organization;
Part V. Conclusion: 13. Globalization:
is it really happening?; 14. Towards an
international economics and business?;
References; Index.
2006 247 x 174 mm 474pp 70 tables
95 figures
978-0-521-83298-4 Hardback £63.00
978-0-521-54057-5 Paperback £28.99
eBook available
www.cambridge.org/9780521832984
eBooks available at www.cambridge.org/online
8 International Economics / World Trade Organization
Forthcoming
Japan and the Global
Automotive Industry
Koichi Shimokawa
Hosei University, Japan
Eminent industry specialist Koichi
Shimokawa explains the current state
of the Japanese automotive industry. He
shows how firms like Toyota were able
to transfer Japanese systems to overseas
plants and how they have changed
in order to compete in increasingly
globalized markets.
2009 228 x 152 mm 300pp 1 tone
50 tables 52 figures 42 graphs
978-0-521-86687-3 Hardback c. £30.00
Publication October 2009
www.cambridge.org/9780521866873
Forthcoming
Investing in Protection
The Politics of Preferential Trade
Agreements between North and
South
Mark S. Manger
McGill University, Montréal
Since the early 1990s there has been
an explosion of preferential trade
agreements between North and
South. Arguing that this is based on
competition for investment opportunities
rather than free trade, Mark Manger
offers a new perspective on the roles of
the state and corporations in changing
patterns of international trade.
‘Manger skillfully illuminates how
foreign direct investment and
services – two critical dimensions of
globalization greatly neglected in
the political economy literature to
date – have driven the profusion of
preferential trading arrangements.
His detailed case studies persuasively
demonstrate how North-South
preferential arrangements raise new
barriers to cross-regional trade and
investment, sidelining the cause of
further trade liberalization in the
World Trade Organization.’
Kerry A. Chase, Brandeis University
2009 228 x 152 mm 296pp 26 tables
3 graphs
978-0-521-76504-6 Hardback c. £45.00
978-0-521-74870-4 Paperback c. £17.99
Publication October 2009
www.cambridge.org/9780521765046
World Trade
Organization
Forthcoming
A Handbook on
Reading WTO Goods
and Services Schedules
WTO Secretariat
WTO Appellate Body Secretariat, Geneva
Understanding how to interpret WTO
Schedules of Commitments for Goods
and Services is essential for anyone
wishing to glean information for
academic, official or business purposes.
Commissioned and reviewed by the
WTO Secretariat, this is a detailed guide
to reading WTO Schedules.
2009 228 x 152 mm 146pp
978-0-521-88059-6 Hardback £55.00
978-0-521-70682-7 Paperback £19.99
www.cambridge.org/9780521880596
The World Trade
Organization
Knowledge
Agreements
Second edition
Christopher Arup
Monash University, Victoria
An examination of the WTO intellectual
property and services agreements (TRIPs
and GATS).
Cambridge Studies in Law and Society
2008 228 x 152 mm 546pp
978-0-521-88123-4 Hardback £55.00
www.cambridge.org/9780521881234
Rules of Origin in
International Trade
Stefano Inama
This book discusses with a
multidisciplinary approach the evolution
of the different sets of rules of origin,
the technical options for drafting such
rules, a methodology for drafting
product specific rules of origin, and the
possible implications.
2009 228 x 152 mm 636pp 25 line figures
42 tables
978-0-521-85190-9 Hardback £70.00
eBook available
www.cambridge.org/9780521851909
GATS and the
Regulation of
International Trade
in Services
World Trade Forum
Edited by Marion Panizzon
Universität Bern, Switzerland
Nicole Pohl
Universität Bern, Switzerland
and Pierre Sauvé
London School of Economics and Political
Science, Universität Bern, Switzerland
Collection of essays on the challenges
arising from the General Agreement on
Trade in Services in the mid-1990s.
2008 228 x 152 mm 680pp 2 line figures
32 tables 9 graphs
978-0-521-89688-7 Hardback £75.00
eBook available
www.cambridge.org/9780521896887
Bilateral and Regional
Trade Agreements
Commentary and Analysis
Edited by Simon Lester
WorldTradeLaw.net, LLC
and Bryan Mercurio
The Chinese University of Hong Kong
As the multilateral trade talks have
stalled, bilateral and regional free trade
agreements have proliferated. This book
situates these agreements in the context
of economics, international law and
international relations, and provides
a comprehensive overview of the law
being created by these agreements.
‘The impact of the recent proliferation
of free trade agreements on the
WTO-based trading system is only
beginning to be felt. In a collection
of thoughtful essays, the editors
have assembled a provocative and
insightful collection that will be
an invaluable resource on FTAs, for
academics, practitioners, and trade
negotiators alike.’
James Bacchus, Former Chairman of the WTO
Appellate Body
Bilateral and Regional Trade Agreements
2009 247 x 174 mm 488pp 4 line figures
4 tables 2 graphs
978-0-521-87827-2 Hardback £85.00
eBook available
www.cambridge.org/9780521878272

Bilateral and Regional
Trade Agreements
Case Studies
Edited by Simon Lester
WorldTradeLaw.net LLC
and Bryan Mercurio
The Chinese University of Hong Kong
This volume contains case studies of
selected bilateral and regional free
trade agreements covering a wide
range of countries, regions and key
issues. Authored by leading scholars,
practitioners and governmental
officials, each case study provides a
comprehensive review of the negotiating
history and result of the selected
agreement.
Bilateral and Regional Trade Agreements
2009 247 x 174 mm 262pp 2 tables
978-0-521-87828-9 Hardback £75.00
eBook available
www.cambridge.org/9780521878289
Bilateral and Regional
Trade Agreements
Edited by Simon Lester
and Bryan Mercurio
University of New South Wales, Sydney
As the multilateral trade talks have
stalled, bilateral and regional free trade
agreements have proliferated. These two
volumes situate these agreements in the
context of economics, international law
and international relations, providing
a comprehensive overview of the law
being created by these agreements.
Bilateral and Regional Trade Agreements
2009 247 x 174 mm 712pp 6 tables
2 graphs
978-0-521-49430-4 2 Volume Set
£145.00
www.cambridge.org/9780521494304
A Handbook on
Accession to the WTO
A WTO Secretariat Publication
World Trade Organization
Foreword by Arif Hussain
WTO Appellate Body Secretariat, Geneva
Produced by the WTO Secretariat, this
handbook explains the process whereby
governments become Members of the
WTO.
World Trade Organization
2008 228 x 152 mm 276pp
978-0-521-42594-0 Hardback £60.00
978-0-521-72868-3 Paperback £23.99
www.cambridge.org/9780521425940
Textbook
New Edition
The Law and Policy
of the World Trade
Organization
Text, Cases and Materials
Second edition
Peter Van den Bossche
Universiteit Maastricht, Netherlands
Covers the basic principles and
underlying logic of WTO law and the
world trading system.
‘… the standard text in its field …’.
Justice Florentino Feliciano, Senior Counsel,
SyCip Salazasr Hernandez & Gatmaitan, Manila;
former Member and Chairman of the WTO
Appellate Body; former Senior Associate Justice
of the Supreme Court of the Philippines
Contents: 1. Economic globalisation and
the law of the WTO; 2. The World Trade
Organization; 3. WTO dispute settlement;
4. Principles of non-discrimination; 5. Rules
on market access; 6. Rules on unfair
trade; 7. Trade liberalisation versus other
societal values and interests; 8. Towards
harmonisation of national regulation;
9. Epilogue.
2008 247 x 174 mm 970pp
978-0-521-89890-4 Hardback £90.00
978-0-521-72759-4 Paperback £48.00
www.cambridge.org/9780521898904
Legal Principles in
WTO Disputes
Andrew D. Mitchell
University of Melbourne
A guide to how the World Trade
Organization interprets the rules and
solutions to disputes between its
Members.
Cambridge Studies in International and
Comparative Law, 61
2008 228 x 152 mm 368pp
978-0-521-87326-0 Hardback £60.00
www.cambridge.org/9780521873260
Opening Markets for
Trade in Services
Countries and Sectors in Bilateral
and WTO Negotiations
Edited by Juan A. Marchetti
World Trade Organization
and Martin Roy
World Trade Organization
Trade in services figures prominently
in multilateral, regional and bilateral
trade negotiations. In this volume of
essays, academics, negotiators and
experts from various international
organizations explore the achievements
of such negotiations, together with the
challenges and opportunities which arise
World Trade Organization 9
and the motivations that come into play
in such negotiations.
2009 228 x 152 mm 784pp 30 tables
48 graphs
978-0-521-51604-4 Hardback £80.00
978-0-521-73591-9 Paperback £40.00
www.cambridge.org/9780521516044
Multilateralizing
Regionalism
Challenges for the Global
Trading System
Edited by Richard Baldwin
Institut Universitaire de Hautes Etudes
Internationales, Geneva
and Patrick Low
World Trade Organization, Geneva
This volume of revised papers from the
2007 ‘Multilateralizing Regionalism’
conference marshalls detailed, new
empirical work on the nature of the
‘Spaghetti Bowl’ and the problems it
poses for the multilateral trade system,
and contributes fresh and creative
thinking on how to ‘tame the angle’ of
regional trade agreements.
2009 228 x 152 mm 742pp 72 graphs
978-0-521-50601-4 Hardback £65.00
978-0-521-73810-1 Paperback £29.99
www.cambridge.org/9780521506014
Forthcoming
Regional Rules in the
Global Trading System
Edited by Antoni Estevadeordal
Inter-American Development Bank
Kati Suominen
Inter-American Development Bank
and Robert Teh
World Trade Organization, Geneva
This book analyses the rules governing
regional trade agreements in six
key areas – market access, technical
barriers to trade, contingent protection,
investment, services and competition
policy. The analysis provides new
insights into the interplay between
regional and multilateral trade rules.
2009 228 x 152 mm 352pp
978-0-521-76084-3 Hardback c. £60.00
978-0-521-75934-2 Paperback c. £23.99
Publication July 2009
www.cambridge.org/9780521760843
Visit our website at www.cambridge.org
10 World Trade Organization / Finance and Financial Economics
Agreeing and
Implementing
the Doha Round
of the WTO
Edited by Harald Hohmann
Johann Wolfgang Goethe-Universität Frankfurt
Scholars and practitioners comment
on the impact of the Doha Round on
international trade law.
2008 228 x 152 mm 520pp 3 tables
1 graph
978-0-521-86990-4 Hardback £70.00
www.cambridge.org/9780521869904
Africa and the World
Trade Organization
Richard E. Mshomba
La Salle University, Philadelphia
Mshomba provides a systematic study
of Africa as it relates to the WTO. He
examines the WTO’s enforcement
mechanism; the WTO’s broadened
mandate, illustrated by the Agreement
on Trade-Related Intellectual Property
Rights; agriculture in the Doha Round;
issues relating to transparency in
government procurement; and the
endeavor to streamline assistance to
developing countries through an ‘Aid for
Trade’ initiative.
‘Few know Africa well. Its immensity
and diversity, its promise and
potential, and its distresses and
disappointments demand our
attention and make it at once both
fascinating and challenging. Richard
Mshomba brings a writer’s skill, an
insider’s depth and perspective, and
an economist’s knowledge to Africa
and the World Trade Organization,
which is central to Africa’s trade,
which is central to Africa’s commercial
progress, which is central to Africa’s
future. It will be my main Africa and
trade reference from now on.’
Earl L. Grinols, Baylor University
2009 228 x 152 mm 352pp 4 line figures
1 map 35 tables
978-0-521-51476-7 Hardback £45.00
www.cambridge.org/9780521514767
Finance and
Financial
Economics
Textbook
European Financial
Markets and
Institutions
Jakob de Haan
Rijksuniversiteit Groningen, The Netherlands
Sander Oosterloo
Ministry of Finance, The Netherlands
and Dirk Schoenmaker
Vrije Universiteit, Amsterdam
Written for undergraduate and graduate
students of finance, economics and
business, this textbook provides a fresh
analysis of the European financial
system. Combining theory, empirical
data and policy, it examines and
explains financial markets, financial
infrastructures, financial institutions, and
challenges in the domain of financial
supervision and competition policy.
‘A quarter of a century ago, the
European financial system consisted
of segmented national markets and
institutions. The process of creating
a single unified system has made
considerable progress but still has
some way to go. This book provides an
excellent account of why this process
is important, the current situation, and
how it will proceed in the future. It is
very well suited for its target audience
of advanced undergraduates and
Masters students and will be useful
to all those interested in the topic. I
highly recommend it.’
Franklin Allen, Nippon Life Professor of Finance
and Professor of Economics, Wharton School,
University of Pennsylvania
Contents: List of boxes; List of figures;
List of tables; List of countries; List of
abbreviations; Preface; Part I. Setting
the Stage: 1. Functions of the financial
system; 2. European financial integration:
origins and history; Part II. Financial
Markets: 3. European financial
markets; 4. The economics of financial
integration; 5. Financial infrastructures;
Part III. Financial Institutions: 6. The role of
institutional investors; 7. European banks;
8. The financial system of the new member
states; 9. European insurers and financial
conglomerates; Part IV. Policies for the
Financial Sector: 10. Financial regulation
and supervision; 11. Financial stability; 12.  Sources of Value Ltd
European competition policy; References;
Index.
2009 247 x 174 mm 436pp 58 tables
99 figures 83 graphs
978-0-521-88299-6 Hardback £65.00
978-0-521-70952-1 Paperback £27.99
eBook available
www.cambridge.org/9780521882996
Textbook
Forthcoming
The Microstructure
of Financial Markets
Frank de Jong
Universiteit van Tilburg
and Barbara Rindi
Università Commerciale Luigi Bocconi, Milan
The first graduate level textbook to
cover the theory and empirics of the
emerging sub-discipline of financial
market microstructure. With numerous
end-of-chapter exercises and a
companion website, the book is ideally
suited for students taking graduate
courses in finance as well as being a
useful reference for practitioners.
‘Thoughtful, clear and rigorous,
this book offers an in-depth unified
treatment of market microstructure,
combining description of institutions
with presentation of analytical models
along with empirical methods and
results. This comprehensive survey
ranges from seminal contributions to
latest research. It will be a reference
not just for advanced graduate
courses in finance and economics
but also for scholars and industry
practitioners. This is the book we have
long needed in order to understand
and master the advances in research
and trading innovations that have
taken place over the last thirty years.’
Bruno Biais, Toulouse University
Contents: List of figures; List of tables;
Preface; Introduction; 1. Institutions and
market structure; 2. Financial market
equilibrium; 3. Batch markets with strategic
informed traders; 4. Dealer markets:
information-based models; 5. Inventory
models; 6. Empirical models of market
microstructure; 7. Liquidity and asset
pricing; 8. Models of the limit order book;
9. Price discovery; 10. Policy issues in
financial market structure; Index.
2009 247 x 174 mm 208pp 1 tone
17 tables 24 figures 17 graphs
978-0-521-86784-9 Hardback £45.00
978-0-521-68727-0 Paperback £19.99
www.cambridge.org/9780521867849
Forthcoming
Sources of Value
A Practical Guide to the Art and
Science of Valuation
Simon Woolley
An experienced senior practitioner
shares the secrets of both the science
and the art of financial decision
making. The quality of financial decision
making explains why some companies
succeed whilst others fail. Sources of

Value provides an original toolkit that
emphasises both technical skills and
strategic awareness.
‘If you want to calculate present
values, turn on a computer. If you
want to understand present values,
and also know how to know when a
calculated value is likely to disappoint,
read this book.’
Stewart C. Myers, Merton Professor of Financial
Economics, MIT
2009 247 x 174 mm 642pp 49 figures
978-0-521-51907-6 Hardback £75.00
978-0-521-73731-9 Paperback £35.00
www.cambridge.org/9780521519076
The Fall of the
House of Credit
What Went Wrong in Banking
and What can be Done to Repair
the Damage?
Alistair Milne
City University, London
How was it possible for problems in
one relatively small sector in the global
financial system – the American sub-
prime mortgage market – to lead to the
most serious economic crisis in living
memory? Alistair Milne untangles the
complex world of modern banking and
examines solutions to the crisis.
‘The Fall of the House of Credit is a
horror story, worthy of Poe, about the
origins and impact of our ongoing
financial and economic nightmare. A
very easy and highly insightful read,
for both layman and professional, the
House of Credit offers a way out of
our deep financial pit that’s novel and
that may actually work!’
Laurence J. Kotlikoff, Boston University
2009 228 x 152 mm 352pp 9 tables
6 figures 2 graphs
978-0-521-76214-4 Hardback c. £19.99
Publication July 2009
www.cambridge.org/9780521762144
Financial Products
An Introduction using
Mathematics and Excel
Bill Dalton
Financial Products provides a
step-by-step guide to some of the
most important ideas in financial
mathematics, including options, future
contracts, bonds and derivatives. Its
accessible approach makes it an ideal
introduction to financial products for
undergraduates and those studying for
professional financial qualifications.
2008 247 x 174 mm 408pp 189 line figures
4 tables 8 exercises 189 figures 50 graphs
978-0-521-86358-2 Hardback £60.00
978-0-521-68222-0 Paperback £23.99
eBook available
www.cambridge.org/9780521863582
Textbook
Introductory
Econometrics
for Finance
Second edition
Chris Brooks
ICMA
This best-selling introduction to
econometrics is specifically written for
finance students. The new edition builds
on the successful data- and problem-
driven approach of the first edition,
giving students the skills to estimate and
interpret models while developing an
intuitive grasp of underlying theoretical
concepts.
‘Very comprehensive, and it does a
sound job of covering the territory.’
Times Higher Education
Contents: List of figures; List of tables;
List of boxes; List of screenshots; Preface
to the second edition; Acknowledgements;
1. Introduction; 2. The classical linear
regression model; 3. Further development
and analysis of the classical linear
regression model; 4. Classical linear
regression model assumptions and
diagnostic tests; 5. Univariate time series
modelling and forecasting; 6. Multivariate
models; 7. Modelling long-run relationships
in finance; 8. Modelling volatility
and correlation; 9. Switching models;
10. Panel data; 11. Limited dependent
variable models; 12. Simulation methods;
13. Empirical research and doing a project
or dissertation; 14. Recent and future
developments; Appendix 1: A review of
some fundamental mathematical and
statistical concepts; Appendix 2: Tables of
statistical distributions; Appendix 3: Sources
of data used in this book; Index.
2008 247 x 174 mm 672pp 68 line figures
41 tones 65 tables 68 figures 66 graphs
978-0-521-69468-1 Paperback £38.00
eBook available
www.cambridge.org/9780521694681
RATS Handbook
to Accompany
Introductory
Econometrics
for Finance
Chris Brooks
City University, London
Written to complement the second
edition of best-selling textbook
Introductory Econometrics for Finance,
this book provides a comprehensive
introduction to the use of the Regression
For regular email alerts visit www.cambridge.org/alerts
Finance and Financial Economics 11
Analysis of Time Series (RATS) software
for modelling in finance and beyond.
2008 246 x 189 mm 214pp 11 tones
11 figures 11 graphs
978-0-521-89695-5 Hardback £55.00
978-0-521-72168-4 Paperback £19.99
eBook available
www.cambridge.org/9780521896955
Central Banking as
Global Governance
Constructing Financial Credibility
Rodney Bruce Hall
St Cross College, Oxford
Money is a social convention, but with
what social consequences? Rodney
Bruce Hall offers an original analysis of
central banking as global governance,
exploring the social relations of money,
credit, and debit, and identifying the
mechanisms of governance as social
rather than material processes.
‘In this challenging and timely
book, Rodney Bruce Hall develops
an innovative social theory of
monetary relations. The implications
he draws for governance at both the
domestic and international levels
are provocative and very likely to
stimulate productive debates. Central
Banking as Global Governance
deserves to reach an audience far
beyond specialists.’
Louis W. Pauly, Canada Research Chair in
Globalization and Governance, University of
Toronto
Cambridge Studies in International Relations,
109
2008 228 x 152 mm 278pp
978-0-521-89861-4 Hardback £50.00
978-0-521-72721-1 Paperback £18.99
www.cambridge.org/9780521898614
Textbook
The Economics of
Financial Markets
Roy E. Bailey
University of Essex
Covers the economic principles
underlying all financial markets, focusing
on markets for equities, bonds, futures
and options contracts.
‘This is a very well-written and
thorough presentation of the key
topics in financial economics – the
book deserves to be widely adopted
in support of courses in this dynamic
area of teaching and research.’
Peter Smith, Professor of Economics and
Finance, University of York
Contents: Preface; 1. Asset markets and
asset prices; 2. Asset market microstructure;
3. Predictability of prices and market
efficiency; 4. Decision making under
uncertainty; 5. Portfolio selection: the
mean-variance model; 6. The capital
12 Finance and Financial Economics
asset pricing model, CAPM; 7. Arbitrage;
8. Factor models and arbitrage pricing
theory, APT; 9. Empirical appraisal of the
CAPM; 10. Present value relationships and
price variability; 11. Intertemporal choice
and equity premium puzzle; 12. Bond
markets and fixed-interest securities;
13. Term structure and interest rates;
14. Futures markets – fundamentals;
15. Futures markets – speculation and
hedging; 16. Futures markets – applications;
17. Swap contracts and swap markets;
18. Options markets: fundamentals;
19. Options markets – price determination;
20. Options markets – applications.
2005 246 x 189 mm 548pp 10 figures
978-0-521-61280-7 Paperback £32.00
eBook available
www.cambridge.org/9780521612807
NEW
Advances in Credit
Risk Modelling and
Corporate Bankruptcy
Prediction
Edited by Stewart Jones
University of Sydney
and David A. Hensher
University of Sydney
A thorough compendium of credit
risk modelling approaches, including
several new techniques that extend the
horizons of future research and practice.
Models and techniques are illustrated
with empirical examples and are
accompanied by a careful explanation
of model derivation issues. An ideal
resource for academics, practitioners and
regulators.
‘… if you wish to learn more about
the nature of the financial instruments
that have brought the world to its
knees, then this … is a useful starting
point.’
Times Higher Education
Quantitative Methods for Applied Economics
and Business Research
2008 247 x 174 mm 312pp 18 line figures
39 tables 18 figures 11 graphs
978-0-521-86928-7 Hardback £60.00
978-0-521-68954-0 Paperback £23.99
eBook available
www.cambridge.org/9780521869287
China’s Monetary
Challenges
Past Experiences and Future
Prospects
Richard C. K. Burdekin
Claremont McKenna College, California
This book focuses on such topical issues
as the build-up of foreign exchange
reserves, monetary control and credit
allocation difficulties.
2008 228 x 152 mm 272pp 46 tables
978-0-521-88016-9 Hardback £40.00
eBook available
www.cambridge.org/9780521880169
The Past and Future
of Central Bank
Cooperation
Edited by Claudio Borio
Bank for International Settlements. Switzerland
Gianni Toniolo
Università degli Studi di Roma ‘Tor Vergata’
and Piet Clement
This book explores the past and future
of central bank cooperation in today’s
global economy.
Studies in Macroeconomic History
2008 228 x 152 mm 256pp 7 tables
978-0-521-87779-4 Hardback £45.00
eBook available
www.cambridge.org/9780521877794
A World of Chance
Betting on Religion, Games, Wall
Street
Reuven Brenner
McGill University, Montréal
Gabrielle A. Brenner
Ecole des Hautes Commerciales, Montréal
and Aaron Brown
A World of Chance shows how some
societies created more chances for their
members than others and, as a result,
prospered.
2008 228 x 152 mm 352pp 6 tables
978-0-521-88466-2 Hardback £45.00
978-0-521-71157-9 Paperback £16.99
eBook available
www.cambridge.org/9780521884662
Risk Management for
Central Banks and
Other Public Investors
Edited by Ulrich Bindseil
European Central Bank, Frankfurt
Fernando Gonzalez
European Central Bank, Frankfurt
and Evangelos Tabakis
European Central Bank, Frankfurt
The turmoil caused by problems in
the American mortgage market has
served as an important reminder of
the interdependency of global financial
institutions. This book presents a survey
of the fundamental issues surrounding
risk management and shows how
central banks and other public investors
can create better risk management
systems.
‘How should public institutions –
central banks in particular – approach
investment and risk management?
What should be similar to private
asset management, and crucially,
what should be different and why?
Such important questions have
received remarkably little attention.
Against this background, Bindseil,
González and Tabakis have produced
a timely and authoritative guide to
the state of the art, and a blueprint
for moving forward. Their book will
be of great interest not only in central
banking, but in all of financial asset
management – public and private,
practitioner and academic.’
Francis X. Diebold, Professor of Finance and
Statistics, The Wharton School, and J.M. Cohen
Professor of Economics, School of Arts and
Sciences, University of Pennsylvania
2009 247 x 174 mm 540pp 54 tables
53 figures 41 graphs
978-0-521-51856-7 Hardback £75.00
eBook available
www.cambridge.org/9780521518567
Forthcoming
Reforming the
World Bank
Twenty Years of Trial – and Error
David A. Phillips
This book looks at the World Bank as an
organization and asks whether twenty
years of costly reforms have improved its
efficiency and effectiveness in delivering
economic assistance. It considers
organization and reorganization within
the bank as well as the management of
development assistance.
‘A wonderfully frank, clearheaded,
well-researched opus and a great read
for organization geeks, foreign aid
friends and critics, and World Bank
insiders. Bound to annoy and provoke,
and maybe to inspire.’
Nancy Birdsall, Center for Global Development,
Washington, DC
2009 228 x 152 mm 344pp
978-0-521-88305-4 Hardback £35.00
www.cambridge.org/9780521883054
 Finance and Financial Economics / Public Economics and Political Economy
Textbook
Forthcoming
Financial Services
Law and Compliance
in Australia
Gail Pearson
University of Sydney
This book provides an account of the
overarching system for regulating
financial services in Australia.
Contents: Preface; List of abbreviations;
Table of statutes; Table of cases; 1. Financial
services regulation and the financial citizen;
2. The regulatory structure; 3. An overview
of financial services reform; 4. Licensing
financial services providers; 5. The role of
disclosure in the distribution of financial
products; 6. Selling financial products
and other conduct; 7. Deposit taking and
payments; 8. Investment; 9. Insurance;
10. Consumer credit; 11. Superannuation;
12. Compliance, enforcement and remedies;
Index.
2009 228 x 152 mm 628pp
978-0-521-61784-0 Paperback £50.00
www.cambridge.org/9780521617840
Accounting Principles
for Non-Executive
Directors
Peter Holgate
and Elizabeth Buckley
Good quality non-executive directors
are essential to good corporate
governance. Together with their fellow
board members they are responsible
for the company’s annual report and
accounts, yet many are not accountants.
This volume explains to them the key
elements of a listed company’s annual
report and accounts.
Law Practitioner Series
2009 228 x 152 mm 276pp
978-0-521-50978-7 Hardback £85.00
www.cambridge.org/9780521509787
Forthcoming
Clearing Services
for Global Markets
A Framework for the Future
Development of the Clearing
Industry
Tina Hasenpusch
Clearing forms the core part of a
smooth and efficiently functioning
financial market infrastructure. Along
with clear-cut definitions and a concise
characterisation and descriptive analysis
of the clearing industry, this book
determines the efficiency impact of
various cross-border integration and
harmonisation initiatives between CCPs.
‘The book features three real-world
case studies bringing clearing to
life. It is a thorough and insightful
exposition of clearing and a must-read
for anyone interested in the subject
matter.’
Paul J. Brody, Chief Financial Officer of
Interactive Brokers Group and Timber Hill LLC,
and Board Member of the Options Clearing
Corporation
2009 247 x 174 mm 576pp 130 figures
978-0-521-51871-0 Hardback c. £85.00
Publication September 2009
www.cambridge.org/9780521518710
New in Paperback
Theory of Financial
Risk and Derivative
Pricing
From Statistical Physics to Risk
Management
Second edition
Jean-Philippe Bouchaud
Centre Commissariat à l’Energie Atomique
(CEA), Saclay
and Marc Potters
Capital Fund Management
Summarizes recent theoretical
developments in statistical tools to
measure financial markets, for students
and professionals in econophysics and
analytical markets.
2009 247 x 174 mm 400pp 20 tables
978-0-521-74186-6 Paperback £30.00
eBook available
www.cambridge.org/9780521741866
New Edition
Forthcoming
Dynamics of Markets
The New Financial Economics
Second edition
Joseph L. McCauley
University of Houston
This second edition presents the
advances made in finance market
analysis since 2005, and explains
the history leading up to the biggest
economic disaster of the 21st century.
It will lead finance theorists, traders,
economists, physicists and engineers to
the frontier of research in time series
analysis.
From the first edition:
‘… well written. The reader is not
burdened with lengthy accounts and
lots of plots of outdated data …
This is an important contribution to
the understanding of how financial
markets actually perform and both
13
students and researchers interested in
econophysics should study this book
carefully.’
Jan Sladkowski and Edward W. Piotrowski,
Mathematical Reviews
2009 247 x 174 mm 288pp 19 tones
978-0-521-42962-7 Hardback c. £40.00
Publication September 2009
www.cambridge.org/9780521429627
New in Paperback
Rethinking Bank
Regulation
Till Angels Govern
James R. Barth
Auburn University, Alabama and Milken Institute
Gerard Caprio
Williams College, Massachusetts
and Ross Levine
Brown University, Rhode Island
This book assembles and presents a new
database on bank regulation in 150
countries (included also on CD).
2008 228 x 152 mm 448pp 30 tables
978-0-521-70930-9 Paperback £19.99
eBook available
www.cambridge.org/9780521709309
Synthetic CDOs
Modelling, Valuation and Risk
Management
C. C. Mounfield
Barclays Capital, London
Details the latest models and techniques
in quantitative and computational
modelling of synthetic Collateralised
Debt Obligations.
Mathematics, Finance and Risk, 7
2008 247 x 174 mm 386pp 90 tones
25 tables 130 figures 15 graphs
978-0-521-89788-4 Hardback £45.00
eBook available
www.cambridge.org/9780521897884
Public
Economics
and Political
Economy
Public Economics
and the Household
Patricia Apps
University of Sydney
and Ray Rees
Ludwig-Maximilians-Universität Munchen
Economic models in much of the public
economics literature have been slow to
reflect the significant changes towards
double-income households throughout
the developed world. This graduate-
eBooks available at www.cambridge.org/online
14 Public Economics and Political Economy
level text shows how we can develop a
more sophisticated model of household
economics that allows for multiple
income earners and shared decision-
making.
‘Most of economic theory assumes
that human beings spend their life
alone. In reality most of us live in
families and our decisions are taken
collectively as a couple, often with
children, and economic incentives
are at play as well in intra-family
interactions. This wonderful book by
two leaders of the field fills this gap.
It brings together a vast literature in
a coherent framework and provides a
host of new insights on the economics
of the family and the taxation of it.
A must read for any scholar in public
finance and anybody interested in
the economics of the family. The book
is mostly theory but the connection
with real world tax issues is never
forgotten. A splendid achievement.’
Alberto Alesina, Nathaniel Ropes Professor of
Political Economics, Harvard University
2009 247 x 174 mm 302pp 16 tables
55 figures 100 graphs
978-0-521-88787-8 Hardback £65.00
978-0-521-71628-4 Paperback £25.99
www.cambridge.org/9780521887878
Voting and Collective
Decision-Making
Bargaining and Power
Annick Laruelle
Universidad de Alicante
and Federico Valenciano
Universidad de Alicante
Every day thousands of decisions
are made by all kinds of committees,
parliaments, councils and boards by a
‘yes-no’ voting process. Annick Laruelle
and Frederico Valenciano present a
study of the theory of bargaining and
voting power and how it applies to real
decision-making contexts.
‘There are many books on voting rules
and power indices, but Laruelle and
Valenciano are unique in tracing the
ideas back to fundamental notions
in game theory. This book will be
an indispensable aid to those who
research in this area.’
Ken Binmore, Emeritus Professor of Economics,
University College London
2008 228 x 152 mm 208pp 5 figures
5 graphs
978-0-521-87387-1 Hardback £50.00
eBook available
www.cambridge.org/9780521873871
Mission and Money
Understanding the University
Burton A. Weisbrod
Northwestern University, Illinois
Jeffrey P. Ballou
Mathematica Policy Research, New Jersey
and Evelyn D. Asch
Northwestern University, Illinois
Mission and Money goes beyond the
common focus on elite universities and
examines the entire higher education
industry. It presents original research on
revenue sources from tuition, donations,
research, patents, endowments, and
other activities. It considers lobbying,
distance education, and the world
market, as well as advertising, branding,
and reputation.
‘An excellent volume. The art of
university administration is finding
the right balance between revenue
raising and the academic mission so
that neither dominates the other. In
the one case, the university would
cease being a university at all and
would be just a business, while in the
other it might go bankrupt. Given the
current emphasis on universities in the
marketplace, this is a timely volume
with a thorough and useful treatment
of the various revenue sources in play
and how they influence the more lofty
mission of the university.’
David Breneman, Curry School of Education,
University of Virginia
2008 228 x 152 mm 356pp 22 tables
978-0-521-51510-8 Hardback £20.00
eBook available
www.cambridge.org/9780521515108
Disposing Dictators,
Demystifying
Voting Paradoxes
Social Choice Analysis
Donald G. Saari
University of California, Irvine
This book is a positive analysis of voting
‘paradoxes’ and argues that negative
‘impossibility’ results are not justified.
2008 228 x 152 mm 256pp 6 tones
978-0-521-51605-1 Hardback £40.00
978-0-521-73160-7 Paperback £14.99
eBook available
www.cambridge.org/9780521516051
Fiscal Governance
in Europe
Mark Hallerberg
Hertie School of Governance, Berlin and Emory
University, Atlanta
Rolf Rainer Strauch
European Central Bank, Frankfurt
and Jürgen von Hagen
Rheinische Friedrich-Wilhelms-Universität Bonn
This book presents a theoretical
framework to discuss how governments
coordinate budgeting decisions. Based
on original research on European Union
countries from 1985 to 2004, the
authors argue that the effectiveness of a
given form of fiscal governance depends
crucially upon the underlying political
system.
‘Over the past several years,
Mark Hallerberg, Rolf Strauch and
Jürgen von Hagen have made path
breaking contributions on the way
fiscal institutions shape budgetary
behaviour and on the interplay
between fiscal policy and politics in
Europe. This book is the summa of
such intellectual journey. It brings
together and updates their theoretical
and empirical research and provides
new insights on fiscal governance in
the European Union. As the financial
crisis shakes the foundations of
policy making in Europe and beyond,
this book will help understand why
countries’ budgetary policies will
react in different ways and how
fiscal institutions may evolve as a
response to new economic and policy
challenges.’
Marco Buti, Director General, Directorate-
General for Economic and Financial Affairs,
European Commission
Cambridge Studies in Comparative Politics
2009 228 x 152 mm 244pp 5 line figures
45 tables
978-0-521-85746-8 Hardback £45.00
www.cambridge.org/9780521857468
Learning, Policy
Making, and
Market Reforms
Covadonga Meseguer
Center for Research and Teaching in Economics
(CIDE), Mexico City
This is the first study that tests the
impact of policy learning on economic
policy choices across time and space.
It supports the popular explanation
that, on average, governments around
the world adopted privatization and
trade liberalization, and sustained open
capital accounts, as a result of learning
from others.
‘Learning, Policy Making, and
Market Reforms is a benchmark
study of the influence of ideas on
policy changes. Why do politicians

undertake risky economic reforms?
In times of hardship and uncertainty,
do they simply emulate what other
governments do? Are they influenced
by the nature of the regime, the
ideology of the governments, the
proximity of elections, the social
and political costs of reforms? Or
are politicians rational learners,
searching for information, either
from their own past or from other
countries, about which policies work,
accordingly updating their initial
beliefs? The book tests a theoretically
sophisticated model of learning
with massive quantitative evidence
on the changes in the strategies of
economic development, programs of
privatization, IMF agreements, and
liberalization of capital accounts
that took place in the 1980s and
1990s, in both developing and
developed countries. The result is
an exceptionally insightful analysis
that will be an essential reference
for students of political economy and
comparative politics.’
Jose Maria Maravall, Center for Advanced Study
in the Social Sciences (CEACS), Fundación Juan
March, Spain
2009 228 x 152 mm 288pp 24 line figures
32 tables
978-0-521-51696-9 Hardback £45.00
www.cambridge.org/9780521516969
Forthcoming
Textbook
New Edition
Public Finance and
Public Policy
Responsibilities and Limitations
of Government
Second edition
Arye L. Hillman
Bar-Ilan University, Israel
This second edition retains the first
edition’s themes of investigation of
responsibilities and limitations of
government. The purpose of the book
is to provide an accessible introduction
to the use of public finance and public
policy to improve on market outcomes.
‘Public choice, as an economic theory
of politics, emerged in the mid-
twentieth century because of gaps in
the research agenda of public finance.
Somewhat surprisingly, however,
modern public choice and public
finance research programs were never
fully integrated. This book admirably
meets this objective. It offers a
sophisticated and comprehensive
treatment of questions involving
when and why politics arises, how
politics can be predicted to work in
practice, and how limits can be placed
Public Economics and Political Economy
on political excesses. A well-informed,
well-written treatise useful for several
levels of readership.’
James M. Buchanan, Nobel Laureate, George
Mason University	
Contents: 1. Markets and governments;
2. Institutions and governance; 3. Public
goods; 4. Public finance for public goods;
5. Market corrections; 6. Voting; 7. Social
justice; 8. Entitlements and equality of
opportunity; 9. Choice of taxation; 10. The
need for government; Topics for discussion.
2009 253 x 215 mm 856pp 123 line figures
72 tables
978-0-521-49426-7 Hardback £95.00
978-0-521-73805-7 Paperback £35.00
www.cambridge.org/9780521494267
Forthcoming
Violence and
Social Orders
A Conceptual Framework for
Interpreting Recorded Human
History
Douglass C. North
Washington University in St. Louis
John Joseph Wallis
University of Maryland, College Park
and Barry R. Weingast
Stanford University
This book integrates the problem of
violence into a larger social science
and historical framework, showing how
economic and political behavior are
closely linked. In most societies, which
we call natural states, the polity limits
violence by manipulating the economy,
creating privileges. In contrast, modern
societies create open access to economic
and political organizations, fostering
political and economic competition.
‘This much-anticipated, pioneering,
sweeping millennial history explains
how the evolution of impersonal
and standardized treatment, a rule
of law for elites, perpetual forms
of organization, and consolidated
political control of the military
combined to produce the ‘open access’
logic of rent erosion and economic
growth often observed in the modern
world. Emphatically multi-causal in
approach, the book will persuade
all those who want to analyze the
complex interactions of beliefs,
institutions, and organizations that
they have to deal with its arguments.’
James Alt, Harvard University
2009 228 x 152 mm 326pp 9 tables
978-0-521-76173-4 Hardback £20.00
www.cambridge.org/9780521761734
For regular email alerts visit www.cambridge.org/alerts
15
Economic Origins
of Dictatorship
and Democracy
Daron Acemoglu
Massachusetts Institute of Technology
and James A. Robinson
Harvard University, Massachusetts
This book is the first to use modern
social science methodology
systematically to explain why some
countries are democracies while others
are not. Why does democracy sometimes
persist and consolidate while other
times it collapses? The treatment shows
that whether or not a society becomes
democratic depends on several factors.
‘This path-breaking book is among the
most ambitious, innovative, sweeping,
and rigorous scholarly efforts in
comparative political economy and
political development. It offers a
broad, substantial new account of
the creation and consolidation of
democracy. Why is the franchise
extended? How do elites make reform
believable and avoid expropriation?
Why do revolutions nevertheless
occur? Why do new democracies
sometimes collapse into coups and
repression? When is repression
abandoned? Backed by a unified
analytic model, historical insight,
and extensive statistical analysis, the
authors’ case is compelling.’
James E. Alt, Frank G. Thomson Professor of
Government, Harvard University
2009 234 x 156 mm 432pp 43 line figures
978-0-521-67142-2 Paperback £14.99
eBook available
www.cambridge.org/9780521671422
Capitalism with
Chinese Characteristics
Entrepreneurship and the State
Yasheng Huang
Massachusetts Institute of Technology
Presents a story of two Chinas – an
entrepreneurial rural China and a state-
controlled urban China. In the 1980s,
rural China gained the upper hand. In
the 1990s, urban China triumphed. In
the 1990s, the Chinese state reversed
many of its rural experiments, with
long-lasting damage to the economy
and society.
‘The development of the Chinese
private sector is a key to the future
shape and performance of the Chinese
economy. At present, the subject is
widely misunderstood. This book does
more than any other to clarify the
issues and point the way forward.’
Christopher Howe, FBA, School of East Asian
Studies, University of Sheffield
16 Public Economics and Political Economy
Contents: 1. Just how capitalist is China?;
2. The entrepreneurial decade; 3. A great
reversal; 4. What is wrong with Shanghai?;
5. Capitalism with Chinese characteristics.
2008 228 x 152 mm 366pp 9 tables
978-0-521-89810-2 Hardback £15.99
eBook available
www.cambridge.org/9780521898102
Principles of Conflict
Economics
A Primer for Social Scientists
Charles H. Anderton
College of the Holy Cross, Massachusetts
and John R. Carter
College of the Holy Cross, Massachusetts
Drawing on a half-century of
scholarship, this book presents a primer
on the key themes and principles of
conflict economics. Although much
work in the field is abstract, it is made
accessible to scholars, students, and
policymakers by relying on historical
data, relatively simple graphs, and
intuitive narratives.
‘This is the most intuitive and
comprehensive book on conflict
economics available. The authors
are to be commended for showing
just how much about conflict can
be understood using the basics of
production possibilities, consumer
choice, and game theory at the
principles level. The coverage of
conflict data sets is also novel.
Anderton and Carter set the mark
for establishing conflict economics
alongside more traditional
undergraduate economic field
courses such as labor and industrial
organization.’
Daniel Arce, University of Texas at Dallas
2009 228 x 152 mm 384pp 115 line figures
17 tables
978-0-521-87557-8 Hardback £50.00
978-0-521-69865-8 Paperback £18.99
eBook available
www.cambridge.org/9780521875578
Forthcoming
Fiscal Federalism
Principles and Practice of Multi-
Order Governance
Robin Boadway
Queens University, Canada
and Anwar Shah
The World Bank
The book is a comprehensive survey
of the economics of fiscal federalism
and its application to federations of
all sorts around the world. It outlines
in detail the assignment of functions
among various orders of government in
federation, including public spending,
revenue-raising, regulation, and
intergovernmental transfers.
‘When it comes to fiscal federalism,
Robin Boadway and Anwar Shah
together possess what is probably an
unbeatable combination of theory,
empirical work and field experience
around the world. They have now,
literally, written the book on this
increasingly important subject.
The result is a comprehensive and
well-written treatment from which
both experts and novices will
benefit. Anyone who is interested in
either the principles or practices of
decentralization and fiscal federalism
in general or in any specific country
will want to consult this book for
years to come.’
Richard Bird, University of Toronto
2009 228 x 152 mm 632pp 9 line figures
22 tables
978-0-521-51821-5 Hardback £75.00
978-0-521-73211-6 Paperback £30.00
Publication June 2009
www.cambridge.org/9780521518215
Textbook
Public Choice III
Third edition
Dennis C. Mueller
Universität Wien, Austria
This book represents a considerable
revision and expansion of Public Choice
II (1989).
‘Like all the others, this volume will
become the first point of reference
– the ‘bible’ – for all scholars in
the field, both the experts and the
more casual samplers. It represents
an amazing effort, even more
extraordinary than the earlier versions.
The profession is deeply in Mueller’s
debt.’
Geoffrey Brennan, Australian National
University
Contents: 1. Introduction; Part I. Origins
of the State: 2. The reason for collective
choice – allocative efficiency; 3. The reason
for collective choice – redistribution;
Part II. Public Choice in a Direct Democracy:
4. The choice of voting rule; 5. Majority
rule – positive properties; 6. Majority rule –
normative properties; 7. Simple alternatives
to majority rule; 8. Complicated alternatives
to majority rule; 9. Exit, voice and disloyalty;
Part III. Public Choice in a Representative
Democracy: 10. Federalism; 11. Two-party
competition – deterministic voting; 12. Two-
party competition – probabilistic voting;
13. Multiparty systems; 14. The paradox of
voting; 15. Rent seeking; 16. Bureaucracy;
17. Legislatures and bureaucracies;
18. Dictatorship; Part IV. Applications
and Testing: 19. Political competition and
macroeconomic performance; 20. Interest
groups, campaign contributions and
lobbying; 21. The size of government;
22. Government size and economic
performance; Part V. Normative public
choice: 23. Social welfare functions; 24. The
impossibility of a social ordering; 25. A just
social contract; 26. The constitution as a
utilitarian contract; 27. Liberal rights and
social choices; Part VI. What Have We
Learned?: 28. Has public choice contributed
anything to the study of politics?;
29. Allocation, redistribution, and public
choice.
2003 228 x 152 mm 788pp 120 line figures
75 tables
978-0-521-89475-3 Paperback £25.99
eBook available
www.cambridge.org/9780521894753
New in Paperback
Forthcoming
The Political Economy
of Economic Growth
in Africa, 1960–2000
Edited by Benno Ndulu
The World Bank
Stephen A. O’Connell
Swarthmore College, Pennsylvania
Robert H. Bates
Harvard University, Massachusetts
Paul Collier
University of Oxford
Chukwuma C. Soludo
Central Bank of Nigeria
Jean-Paul Azam
Université de Toulouse
The Political Economy of Economic
Growth in Africa, 1960–2000 is
by far the most ambitious and
comprehensive assessment of
Africa’s post-independence economic
performance to date. It is an invaluable
resource for researchers and policy-
makers concerned with the economic
development of Africa.
‘… chock-full of fascinating data,
interesting hypotheses, and country
details; it is a rich review of Africa’s
troubled postcolonial economic
history that will be a reference and an
inspiration for political economists for
years to come.’
Foreign Affairs
2007 247 x 174 mm 1232pp
118 line figures 234 tables 118 figures
978-0-521-88736-6 Set £140.00
www.cambridge.org/9780521887366

The Political Economy
of Economic Growth
in Africa, 1960–2000
Volume 1
Benno J. Ndulu
The World Bank
Stephen A. O’Connell
Swarthmore College, Pennsylvania
Robert H. Bates
Harvard University, Massachusetts
Paul Collier
University of Oxford
and Chukwuma C. Soludo
Central Bank of Nigeria
The first volume of a comprehensive
analysis of the economic development of
Sub-Saharan Africa, 1960–2000.
2007 247 x 174 mm 472pp 64 tables
54 figures
978-0-521-87848-7 Hardback £60.00
eBook available
www.cambridge.org/9780521878487
The Political Economy
of Economic Growth
in Africa, 1960–2000
Volume 2: Country Case Studies
Edited by Benno J. Ndulu
The World Bank
Stephen A. O’Connell
Swarthmore College, Pennsylvania
Jean-Paul Azam
Université de Toulouse
Robert H. Bates
Harvard University, Massachusetts
Augustin K. Fosu
United Nations, Geneva
Jan Willem Gunning
Vrije Universiteit, Amsterdam
Volume II of an analysis of the economic
development of Sub-Saharan Africa,
1960–2000.
2007 247 x 174 mm 760pp 62 line figures
170 tables 62 figures
978-0-521-87849-4 Hardback £95.00
www.cambridge.org/9780521878494
Uncertain
Demographics and
Fiscal Sustainability
Edited by Juha M. Alho
University of Joensuu, Finland
Svend E. Hougaard Jensen
Odense Universitet, Denmark
and Jukka Lassila
Research Institute of the Finnish Economy
Uncertain Demographics and Fiscal
Sustainability addresses the economic
consequences of uncertainty in
demographic forecasting.
2008 228 x 152 mm 304pp 66 line figures
13 tables 66 figures
978-0-521-87740-4 Hardback £55.00
eBook available
www.cambridge.org/9780521877404
Public Economics and Political Economy
New in Paperback
Full Disclosure
The Perils and Promise of
Transparency
Archon Fung
Harvard University, Massachusetts
Mary Graham
Harvard University, Massachusetts
and David Weil
Boston University
Full Disclosure is the first analysis of
national and international transparency
policies.
2008 228 x 152 mm 300pp
978-0-521-69961-7 Paperback £14.99
eBook available
www.cambridge.org/9780521699617
The Economic Vote
How Political and Economic
Institutions Condition Election
Results
Raymond M. Duch
University of Oxford
and Randolph T. Stevenson
Rice University, Houston
Explains how different political and
economic circumstances account for the
variation in the economic vote.
Political Economy of Institutions and
Decisions
2008 228 x 152 mm 416pp 25 tables
978-0-521-88102-9 Hardback £45.00
978-0-521-70740-4 Paperback £18.99
eBook available
www.cambridge.org/9780521881029
Selected Works of
Michael Wallerstein
The Political Economy of
Inequality, Unions, and Social
Democracy
Edited by David Austen-Smith
Northwestern University, Illinois
Jeffry A. Frieden
Harvard University, Massachusetts
Miriam A. Golden
University of California, Los Angeles
Karl Ove Moene
Universitetet i Oslo
and Adam Przeworski
New York University
Collects Michael Wallerstein’s most
important and influential contributions
to research on issues of inequality,
redistribution, and wage-determination.
Cambridge Studies in Comparative Politics
2008 228 x 152 mm 480pp 39 tables
978-0-521-88688-8 Hardback £55.00
978-0-521-71485-3 Paperback £17.99
eBook available
www.cambridge.org/9780521886888
17
From Economic Man
to Economic System
Essays on Human Behavior and
the Institutions of Capitalism
Harold Demsetz
University of California, Los Angeles
A collection of essays discussing human
behaviour and the institutions of
capitalism.
2008 228 x 152 mm 198pp
978-0-521-50997-8 Hardback £35.00
eBook available
www.cambridge.org/9780521509978
Against Intellectual
Monopoly
Michele Boldrin
University of Minnesota
and David K. Levine
University of California, Los Angeles
This book argues that patents and
copyrights are not necessary for
innovation and overall do not serve the
public good.
2008 228 x 152 mm 312pp 5 tones
10 tables
978-0-521-87928-6 Hardback £17.99
eBook available
www.cambridge.org/9780521879286
Japan Since 1980
Thomas F. Cargill
University of Nevada, Reno
and Takayuki Sakamoto
University of Kitakyushu, Japan
A complete and self-contained
discussion of Japan’s economic and
political institutions from 1980 up to
2007. It offers an extensive discussion
of Koizumi’s economic reform not found
in any other English publication. The
treatment jointly covers economic and
political perspectives.
‘In little more than two decades
Japan has traveled a bewildering
trajectory from dynamic industrial
marvel to financial basket case to
reformed but aging post-industrial
society. Cargill and Sakamoto
integrate politics, taxes and budgetary
expenditures, financial and monetary
policy, and corporate governance
into a remarkably comprehensive
explication of this puzzling journey
and evaluate prospects for Japan’s
future development. This will prove a
valuable resource for researchers and
students alike.’
Gregory W. Noble, Australian National
University, Canberra
Contents: 1. Introduction and overview;
2. Economic and political institutions in
the 1970s; 3. The ‘high water mark’ of
the Japanese economy – a ‘model’ of
financial liberalization: 1980 to 1985; 4. An
accident waiting to happen – the bubble
Visit our website at www.cambridge.org
18 Public Economics and Political Economy / Institutional Economics
economy from 1985 to 1990; 5. Economic
and financial distress from 1990 to 2001
and the turning point; 6. Why did the
economic and financial distress last so
long?; 7. Transition of political institutions in
the 1990s and the new century; 8. Political
economy of Japan’s fiscal program;
9. Koizumi administration’s reform in broad
perspective: fiscal consolidation and market
reform; 10. Japan’s corporate governance,
labor practices, and citizens’ social and
economic life at the beginning of the new
century; 11. Japanese political economy in
the first decade of the new century.
The World Since 1980
2008 228 x 152 mm 328pp
978-0-521-85672-0 Hardback £40.00
978-0-521-67272-6 Paperback £14.99
eBook available
www.cambridge.org/9780521856720
New in Paperback
The Economic
Psychology of
Tax Behaviour
Erich Kirchler
Universität Wien, Austria
Foreword by Valerie Braithwaite
Australian National University, Canberra
Kirchler uses economic-psychological
research on tax evasion to develop a
model based on the interaction climate
between tax authorities and taxpayers.
Featuring chapters on the social
representations of taxation, decision-
making and self-employed income tax
behaviour, this paperback edition is
suited to students reading economic
psychology, behavioural economics, and
public administration.
‘This is an interesting, comprehensive
and excellent examination of the
behavioural aspects of tax compliance
and evasion – based on insights from
social and cognitive psychology,
behavioural economics, and game
theory. Kirchler’s book considers the
role of economic incentives in tax
compliance, but he also argues that
factors such as moral considerations,
fairness concerns, and the citizens’
trust in the state play a crucial role.
His broad approach makes the book
interesting for both tax authorities
and social scientists alike.’
Ernst Fehr, Director of the Institute for Empirical
Research in Economics, University of Zürich
2009 228 x 152 mm 262pp 19 tables
16 graphs
978-0-521-75747-8 Paperback £19.99
www.cambridge.org/9780521757478
Forthcoming
The Invisible
Hand of Peace
Capitalism, The War Machine,
and International Relations
Theory
Patrick J. McDonald
University of Texas, Austin
The Invisible Hand of Peace shows that
the domestic institutions associated
with capitalism, namely private property
and competitive market structures, have
promoted peace between states over
the past two centuries. It employs a
wide range of historical and statistical
evidence to illustrate both the broad
applicability of these claims and their
capacity to generate new explanations
of critical historical events.
‘Thoroughly researched, cogently
argued, and clearly written,
McDonald’s The Invisible Hand
of Peace draws out the essential
contribution that capitalism, private
property, and free trade make to the
liberal peace. McDonald insightfully
combines political theory, quantitative
analysis, and case studies in a way
that illuminates both international
history and contemporary policy
debates.’
Michael W. Doyle, Columbia University
2009 228 x 152 mm 352pp 1 line figure
17 tables
978-0-521-76136-9 Hardback £45.00
978-0-521-74412-6 Paperback £16.99
eBook available
www.cambridge.org/9780521761369
Forthcoming
Health Care for Us All
Getting More for Our Investment
Earl L. Grinols
Baylor University, Texas
and James Henderson
Baylor University, Texas
Health Care for Us All challenges
the common belief that health care
problems in the United States are
difficult and possibly insoluble. It
examines what Americans want from
health care spending and applies an
efficiency filter to identify a virtually
unique framework that will meet their
needs.
‘Two Baylor economists apply
economic principles, rather than
political considerations, to health
care reform and conclude that we
can achieve universal coverage, lower
costs, and satisfied consumers and
patients. Their important contribution
to the debate is showing that the key
to reforming our health care system
isn’t expanding government control,
which has largely caused most of the
current problems, but getting the
economic incentives right.’
Dr Merrill Matthews, Institute for Policy
Innovation
2009 228 x 152 mm 304pp 9 line figures
12 tables
978-0-521-44566-5 Hardback £40.00
978-0-521-73825-5 Paperback £16.99
Publication July 2009
www.cambridge.org/9780521445665
Institutional
Economics
New Institutional
Economics
A Guidebook
Edited by Éric Brousseau
Université de Paris X
and Jean-Michel Glachant
Université de Paris XII
New Institutional Economics analyzes
the economics of institutions and
organizations using methodologies,
concepts, and analytical tools from
a wide range of disciplines. With
contributions from an international
team of researchers, this book provides
a guide to the latest developments in
this exciting and fast-growing branch of
economics.
‘The New Institutional Economics is
an exciting and active research field,
and a comprehensive guide to its
achievements and future prospects
has been long overdue. This book
admirably fills this need. Chapters
written by experts in various subfields
are complemented by excellent
commentaries by Oliver Williamson
and the editors. New entrants to the
field can use it almost as a textbook;
practitioners will use it to reinforce
their knowledge and as a great
reference tool.’
Avinash Dixit, John J. F. Sherrerd ‘52 University
Professor of Economics, Princeton University
2008 228 x 152 mm 608pp 8 tables
21 figures 10 graphs
978-0-521-87660-5 Hardback £70.00
978-0-521-70016-0 Paperback £29.99
eBook available
www.cambridge.org/9780521876605

The Unauthorised
Agent
Perspectives from European and
Comparative Law
Edited by Danny Busch
De Brauw Blackstone Westbroek, Amsterdam
and Laura J. Macgregor
University of Edinburgh
Adopting a comparative perspective,
this book considers the legal situation
created when an agent acts without
authority. With reference to several
European legal systems, South Africa
and the United States, it also takes
into account the Principles of European
Contract Law and the UNIDROIT
Principles of International Commercial
Contracts 2004.
‘This interesting and valuable book
will, I hope, influence the analysis
and development of the law in this
significant commercial area, both by
legislators and judges.’
Lord Bingham
2009 228 x 152 mm 514pp
978-0-521-86388-9 Hardback £70.00
eBook available
www.cambridge.org/9780521863889
Trade Marks
and Brands
An Interdisciplinary Critique
Edited by Lionel Bently
University of Cambridge
Jennifer Davis
University of Cambridge
and Jane C. Ginsburg
Columbia University, New York
A collection of essays examining the
nature and function of trade marks and
brands.
Cambridge Intellectual Property and
Information Law, 10
2008 228 x 152 mm 480pp 1 line figure
6 tones 2 tables 1 graph
978-0-521-88965-0 Hardback £65.00
eBook available
www.cambridge.org/9780521889650
Networks in
Telecommunications
Economics and Law
Daniel F. Spulber
Northwestern University, Illinois
and Christopher S. Yoo
Vanderbilt University, Tennessee
Networks in Telecommunications
explores the economic and legal
implications of network access in terms
of both antitrust and regulation. The
book documents a shift in regulatory
policy in network industries from rate
regulation to mandated access, as
Institutional Economics / Industrial Organisation and Labour Economics
exemplified by the Telecommunications
Act of 1996.
‘Setting the terms and conditions
at which competitors gain access
to another firm’s network is today’s
key regulatory issue in many sectors.
The authors’ technically innovative
approach and their deep grasp of
market economics present a major
challenge to current thinking, which
has to be confronted.’
Martin Cave, Director, Centre for Management
under Regulation, University of Warwick
2009 253 x 215 mm 512pp 57 line figures
1 table
978-0-521-67386-0 Paperback £29.99
Publication July 2009
www.cambridge.org/9780521673860
Industrial
Organisation
and Labour
Economics
Forthcoming
Cases in European
Competition Policy
The Economic Analysis
Edited by Bruce Lyons
University of East Anglia
This book demonstrates how economics
is used (and sometimes abused)
in competition cases in practical
competition policy across Europe.
Each chapter summarizes a real
case investigated by the European
Commission or a national authority, and
provides a critique of key aspects of the
economic analysis.
2009 247 x 174 mm 552pp 44 tables
28 figures 17 graphs
978-0-521-71350-4 Paperback c. £29.99
978-0-521-88604-8 Hardback c. £70.00
Publication August 2009
www.cambridge.org/9780521713504
Competition Policy
Theory and Practice
Massimo Motta
European University Institute, Florence
The first book to provide a systematic
treatment of the economics of antitrust
in a global context. It draws on the
literature of industrial organisation
and on original analyses to deal with
such important issues as cartels, joint-
ventures, mergers, vertical contracts,
19
predatory pricing, exclusionary practices,
and price discrimination.
‘Motta brings together today’s
economic theory with important cases
from both sides of the Atlantic. It will
be a valuable resource for students
and practitioners, and I look forward
to using it in classes.’
Joseph Farrell, University of California, Berkeley
2004 253 x 177 mm 640pp 35 line figures
19 tables
978-0-521-81663-2 Hardback £95.00
978-0-521-01691-9 Paperback £35.00
www.cambridge.org/9780521816632
How to Price
A Guide to Pricing Techniques
and Yield Management
Oz Shy
Wissenschaftszentrum Berlin für Sozialforschung
Over the past four decades, business
and academic economists, operations
researchers, marketing scientists,
and consulting firms have increased
their research on pricing and revenue
management. This book introduces
a wide variety of research results
on pricing techniques in a unified,
systematic way and at varying levels of
difficulty.
‘This book provides an extremely
valuable introduction to’the art of
pricing’. The strength of the book lies
in its judicious choice of the topics to
be covered and accessibility to a wide
range of audiences from advanced
undergraduates to practitioners who
may have limited technical knowledge.
In particular, the coverage of the
book on ‘yield management’ truly
stands out, where Oz Shy offers a
very elegant, intuitive, and simple
presentation of dynamic pricing
techniques with capacity constraints
that have been widely used in
the airline and hotel industries. In
summary, the book is bound to be
the best single source for anyone
interested in this broad topic of
practical importance.’
Jay Pil Choi, Michigan State University
2008 253 x 177 mm 448pp 95 tables
978-0-521-88759-5 Hardback £45.00
978-0-521-71564-5 Paperback £19.99
eBook available
www.cambridge.org/9780521887595
eBooks available at www.cambridge.org/online
20 Industrial Organisation and Labour Economics / Business and Management
New in Paperback
Internet and Digital
Economics
Principles, Methods and
Applications
Edited by Eric Brousseau
Université de Paris X
and Nicolas Curien
Conservatoire national des arts et métiers, Paris
Explores the impact of the internet
on the future directions of the ‘New
Economy’.
2008 228 x 152 mm 822pp 24 tables
67 figures
978-0-521-67184-2 Paperback £35.00
eBook available
www.cambridge.org/9780521671842
Urban Labor Economics
Yves Zenou
Stockholms Universitet
This book studies the links between
urban economics and labor economics.
Different models of urban labor
economic theory are examined using
first urban search-matching models and
urban efficiency wages. These models
are then used to analyze urban ghettos
and their consequences for ethnic
minorities in the labor market.
‘In the field of urban economics, this
is exactly the kind of book that I
have been waiting for. Based on his
persistent research work over the
past twenty years, Zenou has done
a great job of presenting a unified
theory of urban labor economics, in
which land markets and labor markets
are linked in an integrated manner.
After introducing the main theoretical
ingredients systematically, the book
addresses major policy issues, such
as urban unemployment, ghettos,
labor market networks, and spatial
mismatches between minorities’
residences and job locations. This book
is a must for both urban economists
and labor economists interested
in cities as well as for urban policy
makers.’
Masahisa Fujita, Institute of Economic
Research, Kyoto University (KIER), Japan
2009 228 x 152 mm 528pp 71 line figures
22 tables
978-0-521-87538-7 Hardback £55.00
978-0-521-69822-1 Paperback £20.99
www.cambridge.org/9780521875387
Experiments and
Competition Policy
Edited by Jeroen Hinloopen
Universiteit van Amsterdam
Afterword by Hans-Theo Normann
Royal Holloway, University of London
Shows what the increasingly important
field of experimental economics can
bring to the theory and practice of
competition policy.
2009 228 x 152 mm 328pp 35 tables
20 figures 20 graphs
978-0-521-49342-0 Hardback £55.00
eBook available
www.cambridge.org/9780521493420
Trade Unionism
in Australia
A History from Flood to Ebb Tide
Tom Bramble
University of Queensland
This book examines the changing
fortunes of Australian trade unionism in
the past 40 years.
2008 228 x 152mm 312pp 5 graphs
978-0-521-88803-5 Hardback £55.00
978-0-521-71612-3 Paperback £30.00
www.cambridge.org/9780521888035
Business and
Management
Global Electrification
Multinational Enterprise and
International Finance in the
History of Light and Power,
1878–2007
William J. Hausman
College of William and Mary, Virginia
Peter Hertner
Martin Luther-Universität Halle-Wittenburg,
Germany
and Mira Wilkins
Florida International University
This book offers a fresh analysis of
multinational enterprise throughout
the world by examining the spread of
electrification.
Cambridge Studies in the Emergence of
Global Enterprise
2008 228 x 152 mm 510pp 9 tables
978-0-521-88035-0 Hardback £48.00
eBook available
www.cambridge.org/9780521880350
Reward Governance
for Senior Executives
Edited by Carol Arrowsmith
Deloitte and Touche LLP
and Rupert McNeil
Barclays Bank, London
This book is intended to help anyone
involved in the executive appointment
and termination process.
Law Practitioner Series
2008 228 x 152 mm 256pp 8 line figures
35 tables 23 graphs
978-0-521-87159-4 Hardback £75.00
eBook available
www.cambridge.org/9780521871594
Leadership Ethics
An Introduction
Terry L. Price
University of Richmond
Are leaders morally special? Price uses
moral theory and empirical research in
psychology to introduce the ethics of
leadership.
2008 228 x 152 mm 254pp
978-0-521-87583-7 Hardback £40.00
978-0-521-69911-2 Paperback £14.99
eBook available
www.cambridge.org/9780521875837
Humanism in Business
Edited by Heiko Spitzeck
Universität St Gallen, Switzerland
Michael Pirson
Harvard University, Massachusetts
Wolfgang Amann
Universität St Gallen, Switzerland
Shiban Khan
Universität St Gallen, Switzerland
and Ernst von Kimakowitz
Universität St Gallen, Switzerland
There are many books about business
and society, yet very few of them
question the primacy of GDP growth,
profit maximization and individual utility
maximization. This groundbreaking
book questions these assumptions and
investigates the possibility of creating a
human-centered, value-oriented society
based on humanistic principles.
2009 228 x 152 mm 470pp 4 tables
16 figures 3 graphs
978-0-521-89893-5 Hardback £60.00
978-0-521-72762-4 Paperback £23.99
www.cambridge.org/9780521898935

Textbook
Operations
Management
An Integrated Approach
Danny Samson
University of Melbourne
and Prakash J. Singh
University of Melbourne
An introduction to operations
management for undergraduate and
graduate students in management and
economics.
2008 228 x 152 mm 576pp
978-0-521-70077-1 Paperback £50.00
www.cambridge.org/9780521700771
Theory of the Firm for
Strategic Management
Economic Value Analysis
Manuel Becerra
Instituto de Empresa, Madrid
Strategic decisions deal with the long-
term direction of the firm and its main
activities. This book develops a value-
based theory of the firm that shows how
firms can create value for customers
and, at the same time, capture economic
profits for their owners through
business, corporate, international, and
social strategies.
‘This book provides the most
comprehensive synthesis of the
different theoretical approaches to
the topic of strategy. I agree entirely
with Professor Becerra’s view that
the most useful way to think about
any company is in terms of an entity
whose twin goals are: first, to create
value and, second, to appropriate a
fair share of this value for its own
shareholders. I recommend this
book as the first thing that any Ph.D.
student in strategy should read before
tackling the details of the strategy
literature in the doctoral seminars.
From now on, it will be required
reading in my own Ph.D. seminars.’
Anil K. Gupta, Ralph J. Tyser Professor of
Strategy & Organization, Robert H. Smith
School of Business, University of Maryland
2009 228 x 152 mm 310pp 3 tables
4 figures 2 graphs
978-0-521-86334-6 Hardback £65.00
978-0-521-68194-0 Paperback £25.99
eBook available
www.cambridge.org/9780521863346
Power and
Interdependence
in Organizations
Edited by Dean Tjosvold
Lingnan University, Hong Kong
and Barbara Wisse
Vrije Universiteit, Amsterdam
Capitalizing on significant developments
in social science over the past twenty
years, this book explores both the
positive and negative aspects of power,
identifying opportunities and threats. It
shows how managers and employees
can manage power in order to make it a
constructive force in organizations.
‘Why are attitudes toward power
so ambivalent when power is a
pervasive aspect of organizations?
Could this be a Western-culture-centric
perspective? The international team
of academics contributing to Power
and Interdependence in Organizations
addresses the positive face of power
as well as how to control its negative
face.’
Jeanne Brett, DeWitt W. Buchanan, Jr.
Distinguished Professor of Dispute Resolution
and Organization, Kellogg School of
Management, Northwestern University
Cambridge Companions to Management
2009 228 x 152 mm 392pp 6 tables
12 figures 1 graph
978-0-521-87859-3 Hardback £60.00
978-0-521-70328-4 Paperback £21.99
eBook available
www.cambridge.org/9780521878593
Forthcoming
Cambridge
Handbook of Culture,
Organizations,
and Work
Edited by Rabi S. Bhagat
University of Memphis
and Richard M. Steers
University of Oregon
As political, legal, and economic barriers
are receding, cultural barriers emerge as
a principal challenge to organizational
survival and success. This handbook
reviews, analyses, and integrates
available theory and research to give the
best information possible concerning the
role of culture and cultural differences in
organizational dynamics.
‘This Handbook conveniently brings
together a wide range of contributions
by international experts. It provides
an up-to-date and comprehensive
coverage of what we know, and
still don’t know, about how culture
influences organizations and work.
This is a subject of keen interest to
both scholars and practitioners, but
one in which different theories and
methodologies compete for attention.
Business and Management 21
The handbook that Bhagat and Steers
have assembled guides us through
the maze and will be an indispensable
source of reference for many years to
come.’
John Child, Chair of Commerce, Birmingham
University Business School
2009 247 x 174 mm 552pp 47 tables
32 figures 2 graphs
978-0-521-87742-8 Hardback £80.00
Publication June 2009
www.cambridge.org/9780521877428
Entrepreneurship,
Growth, and
Public Policy
Edited by Zoltan J. Acs
George Mason School of Public Policy, Fairfax
David B. Audretsch
Indiana University, Bloomington
and Robert J. Strom
Kauffman Foundation, Kansas City
The purpose of this volume is to provide
a lens through which public policy
decisions involving entrepreneurship can
be guided and analyzed. In particular,
this volume provides insights from
leading research concerning the links
between entrepreneurship, innovation,
and economic growth that shed light on
implications for public policy.
‘This volume contains an important
set of papers by leading scholars
explaining why entrepreneurship
matters. By focusing on the role of
entrepreneurship in innovation and
economic growth and on how public
policy can support this role, this
book provides useful insights and
an excellent overview. It will be a
valuable source of information and
inspiration for economists interested
in entrepreneurship and growth for
years to come.’
Bo Carlsson, Case Western Reserve University
2009 228 x 152 mm 366pp 27 line figures
21 tables
978-0-521-89492-0 Hardback £40.00
eBook available
www.cambridge.org/9780521894920
Capital Accumulation
and Economic
Growth in a Small
Open Economy
Stephen J. Turnovsky
University of Washington
Economic growth is an issue of primary
concern to policy makers in both
developed and developing economies.
In this book, renowned growth theorist
Stephen J. Turnovsky investigates the
process of economic growth in a small
open economy, showing that it is
Visit our website at www.cambridge.org
22 Business and Management / Economic History / Economic Growth and Development /
sensitive to the productive structure of
the economy.
The CICSE Lectures in Growth and
Development
2009 228 x 152 mm 272pp 15 tables
18 figures 65 graphs
978-0-521-76475-9 Hardback £55.00
Publication August 2009
www.cambridge.org/9780521764759
Economic
History
China’s Great Economic
Transformation
Edited by Loren Brandt
University of Toronto
and Thomas G. Rawski
University of Pittsburgh
This landmark study provides an
integrated analysis of China’s
unexpected economic boom of the past
three decades.
2008 228 x 152 mm 928pp 150 tables
978-0-521-88557-7 Hardback £80.00
978-0-521-71290-3 Paperback £40.00
eBook available
www.cambridge.org/9780521885577
The Origin and
Development of
Financial Markets
and Institutions
From the Seventeenth Century
to the Present
Edited by Jeremy Atack
Vanderbilt University, Tennessee
and Larry Neal
University of Illinois, Urbana-Champaign
Finance has proved to be one of the
most important causal factors in
economic performance. In a series
of original essays, leading historians
examine how financial innovations from
the seventeenth century to the present
have challenged established institutional
arrangements, forcing change and
adaptation by governments, financial
intermediaries, and financial markets.
‘Atack and Neal bring together a
brilliant, provocative and authoritative
set of essays on financial history.
The essays share the desire to link
social, political, and economy history
with finance, to place financial
development within the story line
that connects financial changes
to the development of commerce,
industry, and politics. The coverage
is broad in space and time, covering
all aspects of finance – money,
banking, central banking, securities
markets, and financial crises – in many
countries and over four centuries of
change. The authors are the leading
authorities in their field. Although
the articles are carefully argued and
rich in quantitative detail, they are
exceptionally lively because they
combine the discipline of economic
analysis with a broader historical
narrative that brings to life the
personal histories of financiers as
part of the broader arc of European
and American financial development.
The book is more than a collection of
great studies of the past; it is also a
tool to teach historians how to think
about finance, and to teach financiers
how to think about history.’
Charles Calomiris, Henry Kaufman Professor
of Financial Institutions, Columbia University
Graduate School of Business
2009 228 x 152 mm 494pp 45 tables
75 figures 196 graphs
978-0-521-89517-0 Hardback £60.00
www.cambridge.org/9780521895170
Wealth and Life
Essays on the Intellectual History
of Political Economy in Britain,
1848–1914
Donald Winch
University of Sussex
Studying those intellectual pursuits
that have shaped the understanding
of Britain as an industrial society
and continue to influence cultural
responses to the moral questions
posed by economic life, Donald
Winch addresses the ‘bitter argument
between economists and human
beings’ provoked by Britain’s industrial
revolution.
Ideas in Context, 95
2009 228 x 152 mm 440pp 17 tones
978-0-521-88753-3 Hardback £50.00
978-0-521-71539-3 Paperback £18.99
www.cambridge.org/9780521887533
Forthcoming
New Edition
Global Crises,
Global Solutions
Costs and Benefits
Second edition
Edited by Bjørn Lomborg
Copenhagen Business School
The world’s poorest people face many
pressing problems from disease and
malnutrition, through to conflict and
climate change. How can the world
best spend money to help resolve
these problems? This book offers an
authoritative and thought-provoking
assessment of the costs and benefits of
a menu of options.
2009 247 x 174 mm 672pp 2 tones
148 tables 90 figures
978-0-521-51721-8 Hardback c. £60.00
978-0-521-74122-4 Paperback c. £21.99
Publication July 2009
www.cambridge.org/9780521517218
Economic
Growth and
Development
Economic Growth
A Unified Approach
Olivier de la Grandville
Université de Genève
How can society improve its living
standards? What are the conditions
necessary for prosperity? These are
the questions that define the essence
of growth theory. In this user-friendly
book, Olivier de la Grandville provides a
fascinating introduction to the theory of
economic growth.
Advance praise:
‘Olivier de La Grandville has written
a sparkling, wide-ranging and
provocative analysis of economic
growth models. Noteworthy is
his analysis of the difficulties in
using optimal control theory and
his development of an alternative
approach more closely related to
Solow’s original growth model. He
strongly emphasizes the importance of
the elasticity of substitution. The work
is marked by a large number of novel
specific analytic results which will be
of wide use.’
Ken Arrow, Winner of the Nobel Prize in
Economics, 1972
2009 247 x 174 mm 352pp 98 line figures
19 tables 98 figures 101 graphs
978-0-521-89801-0 Hardback c. £70.00
978-0-521-72520-0 Paperback c. £29.99
Publication July 2009
www.cambridge.org/9780521898010
Economic
Development
and Transition
Thought, Strategy, and Viability
Justin Yifu Lin
Peking University, Beijing
With only a few exceptions in East
Asia, most developing and transitional
countries have failed to exploit their
economic potential. Renowned
development economist Justin Yifu Lin

argues that the success or failure of
development strategies depends largely
on the role of governments.
‘Development and transition pose
extremely difficult challenges. In these
masterly Lectures, Justin Lin, now the
World Bank’s Chief Economist, brings
to these complex subjects a profound
understanding of the problems they
raise and also unusual insights from
his first-hand experience with China’s
spectacular performance. The Lectures
are a tour de force.’
Jagdish Bhagwati, University Professor,
Columbia University
Contents: List of figures; List of
tables; 1. Development, transition and
divergence; 2. The search for a fundamental
and changeable cause of prosperity;
3. Aspiration and social thought of
modernization; 4. Development strategy,
viability and performance; 5. Viability and
strategies of transition; 6. Development
strategy and development and transition
performances: empirical analysis; 7. Why
are East Asian economies so special?
Are there any general lessons to be
learned from East Asian development
and transition experiences?; 8. Toward a
right development and transition strategy;
Appendix I. Development strategy and
economic institutions in developing
countries; Appendix II. Data description;
References; Index.
2009 228 x 152 mm 182pp 7 tables
9 figures 18 graphs
978-0-521-51452-1 Hardback £38.00
978-0-521-73551-3 Paperback £13.50
eBook available
www.cambridge.org/9780521514521
Solutions for the
World’s Biggest
Problems
Costs and Benefits
Edited by Bjørn Lomborg
Copenhagen Business School
This book offers a rigorous overview
of twenty-three of the world’s biggest
problems relating to the environment,
governance, economics, and health and
population. Leading economists provide
a short survey of the state-of-the-art
analysis and sketch out some policy
solutions for which they provide cost-
benefit ratios.
2007 228 x 152 mm 464pp 28 line figures
3 tones 56 tables 33 figures 20 graphs
978-0-521-88772-4 Hardback £48.00
978-0-521-71597-3 Paperback £16.99
eBook available
www.cambridge.org/9780521887724
Inequality and Public
Policy in China
Edited by Björn A. Gustafsson
University of Gothenberg, Sweden
Li Shi
Beijing Normal University
and Terry Sicular
University of Western Ontario
Provides a new analysis of inequality in
China, with an emphasis on public policy
considerations.
2008 228 x 152 mm 384pp 151 tables
978-0-521-87045-0 Hardback £50.00
eBook available
www.cambridge.org/9780521870450
The Capability
Approach
Concepts, Measures and
Applications
Edited by Flavio Comim
University of Cambridge
Mozaffar Qizilbash
University of York
and Sabina Alkire
University of Oxford
An analysis of Amartya Sen’s capability
approach in the context of poverty and
justice.
2008 228 x 152 mm 636pp 16 line figures
53 tables 15 figures 9 graphs
978-0-521-86287-5 Hardback £65.00
eBook available
www.cambridge.org/9780521862875
Games in Economic
Development
Bruce Wydick
University of San Francisco
Examines the roots of poverty
and prosperity through the lens of
elementary game theory, illustrating how
patterns of human interaction can lead
to vicious cycles of poverty. Entertaining
to read, the book can be accessed
with little background in development
economics or game theory.
‘Games in Economic Development
presents a unified view of the
difference between the rich countries
and the third world. The rich countries
have institutions that counteract many
different co-ordination failures that
plague the third world. Bruce Wydick
explains those failures theoretically,
and he illustrates them beautifully
with many colorful and convincing
examples. Some of these are from his
own experience in Guatemala. Yes, this
is what economic development is all
about.’
George Akerlof, Nobel Laureate in Economics,
2000, University of California at Berkeley
For regular email alerts visit www.cambridge.org/alerts
23
2008 253 x 177 mm 312pp 3 tables
978-0-521-86758-0 Hardback £45.00
978-0-521-68715-7 Paperback £18.99
eBook available
www.cambridge.org/9780521867580
Ethics of Global
Development
Agency, Capability, and
Deliberative Democracy
David A. Crocker
University of Maryland, College Park
An analysis and evaluation of
Amartya Sen’s ‘capability approach’ to
development ethics.
2008 222 x 152 mm 432pp 2 line figures
2 figures
978-0-521-88519-5 Hardback £55.00
eBook available
www.cambridge.org/9780521885195
Terrorism, Economic
Development, and
Political Openness
Edited by Philip Keefer
The World Bank
and Norman Loayza
The World Bank
This collection explores how terrorism
is related to poverty in developing
countries and their political openness.
2008 228 x 152 mm 326pp 48 tables
978-0-521-88758-8 Hardback £45.00
eBook available
www.cambridge.org/9780521887588
Globalization and the
Race to the Bottom in
Developing Countries
Who Really Gets Hurt?
Nita Rudra
University of Pittsburgh
Challenges conventional wisdoms
surrounding globalisation’s effects on
developing countries, suggesting that
the real losers are the middle classes.
2008 228 x 152 mm 312pp 21 graphs
978-0-521-88698-7 Hardback £45.00
978-0-521-71503-4 Paperback £17.99
eBook available
www.cambridge.org/9780521886987
Forthcoming
Latin American
Development Priorities
Costs and Benefits
Edited by Bjorn Lomborg
Copenhagen Business School
Many countries in Latin America
and the Caribbean have achieved
considerable economic growth, yet
the region still faces many seemingly
intractable problems. This book follows
the Copenhagen Consensus process to
24 / Environmental and Natural Resource Economics
show how limited resources could be
used for the greatest benefit of the Latin
American and Caribbean region.
2009 228 x 152 mm 500pp
978-0-521-76690-6 Hardback c. £60.00
978-0-521-74752-3 Paperback c. £23.99
Publication December 2009
www.cambridge.org/9780521766906
Forthcoming
Against Injustice
The New Economics of Amartya
Sen
Edited by Reiko Gotoh
Ritsumeikan University, Kyoto
and Paul Dumouchel
Ritsumeikan University, Kyoto
This book brings together a team of
distinguished academics to explore the
ideas underlying Amartya Sen’s critique
of traditional approaches to injustice.
The centerpiece of the book is the first
chapter by Sen in which he outlines his
conception of the relationship between
economics, ethics, and law.
2009 228 x 152 mm 344pp 11 tables
17 figures 22 graphs
978-0-521-89959-8 Hardback c. £55.00
Publication November 2009
www.cambridge.org/9780521899598
The Democratization
of Invention
Patents and Copyrights
in American Economic
Development, 1790–1920
B. Zorina Khan
Bowdoin College, Maine
This book examines the evolution and
impact of American intellectual property
rights during the ‘long nineteenth
century.’ America is compared to Britain
and France, whose institutions reflected
their oligarchic origins. The United States
created the first modern patent system
and its politics were the most liberal
world wide toward inventors.
2009 228 x 152 mm 340pp
978-0-521-74720-2 Paperback £19.99
www.cambridge.org/9780521747202
Textbook
The Dynamics of
Socio-Economic
Development
An Introduction
Adam Szirmai
Technische Universiteit Eindhoven, Holland
A modern, non-technical textbook
introduction to development economics
with emphasis on historical and political
context.
‘… a scholarly and comprehensive
treatment of development economics
that is accessible to a wide range
of social science and development
studies students. Its treatment of
health issues, education policy, and
rural development, along with its
comprehensive data tables, are
unsurpassed in the development
economics field.’
Kenneth A. Reinert, Associate Professor of
Public Policy, George Mason University
Contents: 1. Developing countries and the
concept of development; 2. Development
of the international economic order,
1450–2000; 3. Growth and stagnation:
theories and experiences; 4. Technology
and development; 5. Population and
development; 6. Health, health care
and development; 7. Education and
development; 8. Economic development,
structural transformation and primary
exports; 9. Industrial development;
10. Agricultural development and rural
development; 11. State formation
and political aspects of development;
12. Cultural dimensions of development;
13. The international economic and political
order since 1945; 14. Foreign aid and
development.
2005 247 x 174 mm 744pp 75 tables
20 graphs
978-0-521-81763-9 Hardback £68.00
978-0-521-52084-3 Paperback £34.00
www.cambridge.org/9780521817639
Environmen-
tal and Natural
Resource
Economics
Why We Disagree
About Climate Change
Understanding Controversy,
Inaction and Opportunity
Mike Hulme
University of East Anglia
Mike Hulme provides a unique insider’s
account of climate change and the
diverse ways in which it is understood.
He uses different standpoints from
science, economics, faith, psychology,
communication, sociology, politics and
development to explain why we disagree
about this important phenomenon.
‘This is a very rare book. A scientific
book about climate change, that deals
both with the science, and our own
personal response to this science.
It does all this supremely well, and
should be compulsory reading for
both sceptics and advocates. However,
it does so much more, it is a book
of great modesty and humanity. It
uses climate change to ask questions
more broadly about our own beliefs,
assumptions and prejudices, and how
we make individual and collective
decisions.’
Chris Mottershead, Distinguished Advisor, BP
p.l.c.
2009 228 x 152 mm 432pp 2 tones 1 table
20 figures 16 graphs
978-0-521-89869-0 Hardback £45.00
978-0-521-72732-7 Paperback £15.99
www.cambridge.org/9780521898690
The Skeptical
Environmentalist
Measuring the Real State of the
World
Bjørn Lomborg
Aarhus Universitet, Denmark
A controversial, wide ranging and clearly
documented survey of the state of the
global environment.
2001 247 x 174 mm 540pp 9 tables
162 graphs
978-0-521-01068-9 Paperback £20.99
www.cambridge.org/9780521010689
Social and
Environmental Policies
in EC Procurement Law
New Directives and New
Directions
Edited by Sue Arrowsmith
University of Nottingham
and Peter Kunzlik
City University, London
The social and environmental objectives
which inform governments’ purchasing
decisions can make it harder for some
suppliers to participate in public
procurement. This volume of essays
examines how best to find a balance
between trade concerns and the
desire of national governments to use
procurement as a policy tool.
2009 228 x 152 mm 550pp
978-0-521-88150-0 Hardback £110.00
eBook available
www.cambridge.org/9780521881500

Sustainable
Development
in Practice
Sustainomics Methodology and
Applications
Mohan Munasinghe
Munasinghe Institute for Development, Sri Lanka
This book provides a practical analysis
of current sustainable development
prospects by applying the innovative
sustainomics framework. It explains the
key principles underlying sustainomics,
illustrates the methodology with
wide-ranging empirical and policy-
relevant case studies, and is useful for
students, researchers, policy analysts and
development practitioners.
‘This book is unique … Munasinghe
brings together a wide range of
skills. As a respected and award
winning researcher, his analysis is
rigorous and well-documented. As a
senior decision maker and manager
with over 35 years of experience in
the development arena, his advice
is eminently practical. Finally, as a
veteran professor with an enviable
record of publications, he presents his
arguments lucidly and convincingly.
This text, written by a leading world
authority on sustainable development,
is an invaluable resource.’
Professor James Gustave Speth, Yale University;
and former Administrator, United Nations
Development Program
2009 247 x 174 mm 652pp 15 tones
118 figures
978-0-521-89540-8 Hardback £80.00
978-0-521-71972-8 Paperback £40.00
www.cambridge.org/9780521895408
Delivering a Low
Carbon Electricity
System
Technologies, Economics and
Policy
Edited by Michael Grubb
University of Cambridge
Tooraj Jamasb
University of Cambridge
and Michael G. Pollitt
University of Cambridge
A systematic analysis of the issues
surrounding the creation of a low-
carbon electricity sector.
Department of Applied Economics Occasional
Papers, 68
2008 228 x 152 mm 544pp 86 line figures
63 tables 86 figures
978-0-521-88884-4 Hardback £60.00
www.cambridge.org/9780521888844
Environmental and Natural Resource Economics
Large-Scale Disasters
Prediction, Control, and
Mitigation
Edited by Mohamed Gad-el-Hak
Virginia Commonwealth University
A review volume presenting research
into the prediction, prevention or
mitigation of large-scale disasters.
2008 247 x 174 mm 632pp 249 line figures
33 tones 22 tables 282 figures
978-0-521-87293-5 Hardback £100.00
eBook available
www.cambridge.org/9780521872935
Biodiversity Economics
Principles, Methods and
Applications
Edited by Andreas Kontoleon
University of Cambridge
Unai Pascual
University of Cambridge
and Timothy Swanson
University College London
An examination and evaluation of the
problem of various forms of biodiversity
loss.
2007 228 x 152 mm 692pp 67 line figures
6 tones 7 maps 80 tables 46 figures
43 graphs
978-0-521-86683-5 Hardback £75.00
www.cambridge.org/9780521866835
Allocation in the
European Emissions
Trading Scheme
Rights, Rents and Fairness
Edited by A. Denny Ellerman
Massachusetts Institute of Technology
Barbara K. Buchner
Fondazione Eni Enrico Mattei (FEEM)
and Carlo Carraro
Università degli Studi di Venezia and Fondazione
Eni Enrico Mattei (FEEM)
The first in-depth description and
analysis of the European Emissions
Trading Scheme.
2007 228 x 152 mm 442pp 37 line figures
27 tables 37 figures 32 graphs
978-0-521-87568-4 Hardback £63.00
eBook available
www.cambridge.org/9780521875684
25
Forthcoming
The Hydrogen
Economy
Opportunities and Challenges
Edited by Michael Ball
Fraunhofer Institute for Systems and Innovation
Research, Karlsruhe, Germany
and Martin Wietschel
Fraunhofer Institute for Systems and Innovation
Research, Karlsruhe, Germany
This book is the first to highlight
the opportunities and challenges of
introducing hydrogen as an alternative
fuel source from economic, technical
and environmental perspectives. Through
its multidisciplinary approach, it provides
researchers and decision makers in
academia and industry with a wide-
ranging knowledge base concerning the
hydrogen economy.
‘This multi-disciplinary book
significantly broadens the perspective
on the prospects of hydrogen as a
universal energy vector and fuel, and
provides a very important addition to
the policy debate over future sources
of transportation energy and the role
hydrogen can play for the decades to
come.’
Herbert Kohler, Chair of the European Hydrogen
and Fuel Cell Technology Platform
2009 247 x 174 mm 440pp 119 tones
104 tables 221 figures
978-0-521-88216-3 Hardback c. £75.00
Publication August 2009
www.cambridge.org/9780521882163
Sustainable Natural
Resource Management
For Scientists and Engineers
Daniel R. Lynch
Dartmouth College, New Hampshire
Covering renewable, non-renewable,
living and sterile resources; this book
examines natural resource management
and its role in framing sustainability.
Examples and applications are drawn
from petroleum, fisheries, and water
resources. Each chapter contains
problems illustrating the material and
simple programs in commonly available
packages support the text.
2009 253 x 215 mm 248pp 108 line figures
14 tables 151 exercises
978-0-521-89972-7 Hardback £35.00
eBook available
www.cambridge.org/9780521899727
eBooks available at www.cambridge.org/online
26 Environmental and Natural Resource Economics
Global Warming
The Complete Briefing
Fourth edition
John Houghton
Intergovernmental Panel on Climate Change
Houghton’s market-leading textbook,
now in full colour and with the latest
IPCC findings, is the definitive guide to
climate change. Written for students
across a wide range of disciplines, its
simple, logical flow of ideas gives an
invaluable grounding in the science,
impacts and need for action on global
warming.
‘This book has become the standard
introductory text for explaining the
mechanics and the implications of
global warming … it provides one of
the most readable and authoritative
statements of the basic science and its
implications.’
Simon Napper, Biologist
Contents: Introduction to the first
edition; Introduction to the second
edition; Introduction to the third edition;
Introduction to the fourth edition; 1. Global
warming and climate change; 2. The
Greenhouse effect; 3. The Greenhouse
gases; 4. Climates of the past; 5. Modelling
the climate; 6. Climate change for the
twenty-first century and beyond; 7. The
impacts of climate change; 8. Why should
we be concerned?; 9. Weighing the
uncertainty; 10. Strategy for action to slow
and stabilize climate change; 11. Energy
and transport for the future; 12. The Global
Village; Glossary; Index.
2009 246 x 189 mm 456pp 130 line figures
60 tones 202 plates 19 tables
978-0-521-88256-9 Hardback £60.00
978-0-521-70916-3 Paperback £24.99
www.cambridge.org/9780521882569
The Garnaut Climate
Change Review
Ross Garnaut
Australian National University, Canberra
The Garnaut Climate Change Review is
one of the most important reports to be
published in Australia for many years
and examines the impacts of climate
change on the Australian economy, the
costs of adaptation and mitigation,
and the international context in which
climate change is experienced and
negotiated.
‘The Garnaut Review is of special
importance in its combination of a
global view and the perspective from
one country. It adopts a way forward
for global action on climate change
and how Australia can and should
manage its own role. At the same time
it deepens the shared analytical basis
for action. It is a great achievement.’
Sir Nicholas Stern
2008 247 x 174mm 680pp
978-0-521-74444-7 Paperback £35.00
www.cambridge.org/9780521744447
Climate Extremes
and Society
Edited by Henry F. Diaz
National Oceanic and Atmospheric
Administration, District of Columbia
and Richard J. Murnane
Bermuda Biological Station for Research, Garrett
Park, Maryland
A scientific exploration of the nature
of climatic extremes – past, present,
and future – and of methods for
understanding and responding to
extreme events. The book is designed
for all policy-makers, engineers and
scientists who have an interest in the
effects of climate extremes on society.
2008 247 x 174 mm 356pp 37 line figures
32 tones 24 plates 102 figures
978-0-521-87028-3 Hardback £70.00
eBook available
www.cambridge.org/9780521870283
Climate Change
2007 – The Physical
Science Basis
Working Group I Contribution to
the Fourth Assessment Report of
the IPCC
Intergovernmental Panel on Climate
Change
Climate Change 2007 – The Physical
Science Basis is the latest, most
comprehensive scientific assessment of
past, present and future climate change
which forms the standard scientific
reference for students and researchers
in environmental science, meteorology,
climatology, biology, ecology and
atmospheric chemistry, and policy
makers in governments and industry
worldwide.
From reviews of the Third Assessment
Report – Climate Change 2001:
‘The detail is truly amazing …
invaluable works of reference … no
reference or science library should be
without a set [of the IPCC volumes]
… unreservedly recommended to all
readers.’
Journal of Meteorology
2007 276 x 219 mm 1009pp
978-0-521-70596-7 Paperback £48.00
978-0-521-88009-1 Hardback £96.00
www.cambridge.org/9780521705967
Climate Change 2007
– Impacts, Adaptation
and Vulnerability
Working Group II contribution to
the Fourth Assessment Report of
the IPCC
Intergovernmental Panel on Climate
Change
This IPCC Fourth Assessment Report
provides a completely up-to-date
scientific assessment of the impacts
of climate change, the vulnerability
of natural and human environments,
and the potential for response through
adaptation. Written by the world’s
leading experts, it will be invaluable for
researchers, students, and policymakers
worldwide.
‘This volume makes another significant
step forward in the understanding of
the likely impacts of climate change
on a global scale.’
International Journal of Climatology
2008 279 x 215 mm 986pp 300 line figures
50 tables
978-0-521-88010-7 Hardback £90.00
978-0-521-70597-4 Paperback £45.00
www.cambridge.org/9780521880107
Climate Change
2007 – Mitigation of
Climate Change
Working Group III contribution
to the Fourth Assessment Report
of the IPCC
Intergovernmental Panel on Climate
Change
This IPCC Fourth Assessment Report
brings us completely up-to-date on
the scientific, technical, environmental,
economic, and social aspects of the
mitigation of climate change. The world’s
leading experts provide a comprehensive
and balanced assessment for
researchers, students, and policymakers,
and a standard reference work for policy
decisions worldwide.
From reviews of the Third Assessment
Report – Climate Change 2001:
‘The detail is truly amazing …
invaluable works of reference … no
reference or science library should be
without a set [of the IPCC volumes]
… unreservedly recommended to all
readers.’
Journal of Meteorology
2008 279 x 215 mm 862pp 300 line figures
50 tables
978-0-521-88011-4 Hardback £90.00
978-0-521-70598-1 Paperback £45.00
eBook available
www.cambridge.org/9780521880114
 Environmental and Natural Resource Economics 27

Facing Climate
Change Together
Edited by Catherine Gautier
University of California, Santa Barbara
and Jean-Louis Fellous
European Space Agency
This volume presents the state-of-the-
art in climate change science, drawing
from the most recent assessment reports
of the IPCC. The book is written for
scientists and students who are not
necessarily experts in climatology but
are seeking a broad, coherent review of
climate change issues.
2008 247 x 174 mm 280pp 28 line figures
16 tones 8 plates 44 figures
978-0-521-89682-5 Hardback £40.00
www.cambridge.org/9780521896825

Oil, Water, and Climate

An Introduction
Catherine Gautier
University of California, Santa Barbara
Population and development pressures
are at an all-time high, as are our
energy and water consumption. Today,
anxieties over global and national
energy, water and climate security are
growing. Tough decisions and major
reforms are needed and this book
provides excellent introductory material
to begin to address these problems.

‘Catherine Gautier deserves

congratulations for creating a
textbook that not only deals
with these three topics, but most
important, also draws them together
and shows how they are connected. …
Gautier’s perspective is global and as
such, the book will broaden students’
perspectives. … Oil, Water and
Climate does a great job of making
these important topics accessible to
undergraduate students. It brings
together many important ideas in
Earth science, technology and global
policy.’
EOS

2008 253 x 177 mm 392pp

978-0-521-88261-3 Hardback £60.00
978-0-521-70919-4 Paperback £24.99
eBook available
www.cambridge.org/9780521882613

For regular email alerts visit www.cambridge.org/alerts

28 Index
A Buchner, Barbara K.................................25
Accounting Principles for Non-Executive
Directors.............................................13
Acemoglu, Daron...................................15
Acs, Zoltan J...........................................21
Advances in Credit Risk Modelling and
Corporate Bankruptcy Prediction..........12
Africa and the World Trade Organization.10
Against Injustice.....................................24
Against Intellectual Monopoly................17
Agreeing and Implementing the Doha
Round of the WTO...............................10
Alho, Juha M..........................................17
Alkire, Sabina.........................................23
Allocation in the European Emissions
Trading Scheme...................................25
Altug, Sumru............................................5
Amann, Wolfgang..................................20
Analysis of Variance Designs.....................3
Anderton, Charles H...............................16
Apps, Patricia.........................................13
Arab Economies in the Twenty-First
Century.................................................6
Arrowsmith, Carol..................................20
Arrowsmith, Sue.....................................24
Arup, Christopher.....................................8
Asch, Evelyn D........................................14
Asset Pricing for Dynamic Economies........5
Atack, Jeremy.........................................22
Audretsch, David B.................................21
Austen-Smith, David...............................17
Azam, Jean-Paul............................... 16, 17
B Communication in Mechanism Design......5
Baddeley, Michelle C.................................2
Bailey, Roy E...........................................11
Baldwin, Richard......................................9
Balk, Bert M.............................................3
Ball, Michael..........................................25
Ballou, Jeffrey P......................................14
Barreto, Humberto................................ 2, 4
Barrowclough, Diana V..............................2
Barth, James R.......................................13
Bates, Robert H......................................17
Bates, Robert H. ....................................16
Becerra, Manuel.....................................21
Bently, Lionel..........................................19
Bhagat, Rabi S........................................21
Bilateral and Regional Trade Agreements.
8, 9
Bindseil, Ulrich.......................................12
Biodiversity Economics...........................25
Birth of the Euro, The................................5
Blair, Peter D.............................................3
Boadway, Robin ....................................16
Boldrin, Michele.....................................17
Borio, Claudio........................................12
Borkar, Vivek S..........................................3
Bouchaud, Jean-Philippe........................13
Braithwaite, Valerie.................................18
Brakman, Steven.................................. 6, 7
Bramble, Tom.........................................20
Brandt, Loren.........................................22
Brenner, Gabrielle A................................12
Brenner, Reuven.....................................12
Bronk, Richard.........................................1
Brooks, Chris..........................................11
Brousseau, Éric................................. 18, 20
Brown, Aaron.........................................12
Buckley, Elizabeth...................................13
Burdekin, Richard C. K............................12
Busch, Danny.........................................19
C Economics and Marijuana.........................4
Cambridge Handbook of Culture,
Organizations, and Work......................21
Cameron, A. Colin....................................2
Capability Approach, The........................23
Capital Accumulation and Economic
Growth in a Small Open Economy........21
Capitalism with Chinese Characteristics..15
Caprio, Gerard........................................13
Cargill, Thomas F....................................17
Carraro, Carlo.........................................25
Carter, John R.........................................16
Cases in European Competition Policy....19
Central Banking as Global Governance...11
China’s Great Economic Transformation..22
China’s Monetary Challenges.................12
Clearing Services for Global Markets.......13
Clement, Piet.........................................12
Clements, Kenneth W................................4
Climate Change 2007 - Impacts,
Adaptation and Vulnerability................26
Climate Change 2007 - Mitigation of
Climate Change..................................26
Climate Change 2007 - The Physical
Science Basis.......................................26
Climate Extremes and Society.................26
Collier, Paul...................................... 16, 17
Comim, Flavio........................................23
Competition Policy.................................19
Cortina, Jeronimo.....................................4
Crocker, David A.....................................23
Curien, Nicolas.......................................20
D
Dalton, Bill.............................................11
Davis, Jennifer........................................19
de Haan, Jakob......................................10
de Jong, Frank........................................10
de la Grandville, Olivier .........................22
Dees, Stéphane........................................5
Delivering a Low Carbon Electricity
System................................................25
Democratization of Invention, The...........24
Demsetz, Harold.....................................17
Designing Economic Mechanisms.............5
di Mauro, Filippo......................................5
Diaz, Henry F..........................................26
Dimitri, Nicola..........................................5
Disposing Dictators, Demystifying Voting
Paradoxes...........................................14
Driving Innovation....................................1
Duch, Raymond M..................................17
Dumouchel, Paul....................................24
Dynamics of Markets..............................13
Dynamics of Socio-Economic
Development, The................................24
E
Econometric Modelling of Financial Time
Series, The.............................................2
Economic Development and Transition....22
Economic Growth...................................22
Economic Origins of Dictatorship and
Democracy..........................................15
Economic Psychology of Tax Behaviour,
The.....................................................18
Economic Vote, The.................................17
Economics of Exchange Rates, The............5
Economics of Financial Markets, The.......11
Economics of Karl Marx, The.....................1
El-Agraa, Ali.............................................7
Ellerman, A. Denny.................................25
Entrepreneurship, Growth, and Public
Policy..................................................21
Estevadeordal, Antoni...............................9
Ethics of Global Development.................23
European Financial Markets and
Institutions..........................................10
European Union, The................................7
Experiments and Competition Policy.......20
F
Facing Climate Change Together.............27
Fall of the House of Credit, The...............11
Fellous, Jean-Louis..................................27
Financial Products..................................11
Financial Services Law and Compliance
in Australia..........................................13
Fiscal Federalism....................................16
Fiscal Governance in Europe...................14
Fleurbaey, Marc........................................1
Foreign Direct Investment in Japan...........7
Fosu, Augustin K.....................................17
Frankel, Jeffery A......................................5
Frieden, Jeffry A......................................17
From Economic Man to Economic
System................................................17
Fukao, Kyoji..............................................7
Full Disclosure........................................17
Fung, Archon..........................................17
G
Gad-el-Hak, Mohamed...........................25
Games in Economic Development...........23
Gamst, Glenn...........................................3
Garnaut Climate Change Review, The.....26
Garnaut, Ross........................................26
Garretsen, Harry................................... 6, 7
GATS and the Regulation of
International Trade in Services................8
Gautier , Catherine.................................27
Gelman, Andrew......................................4
Gilboa, Itzhak...........................................3
Ginsburg, Jane C....................................19
Glachant, Jean-Michel ...........................18
Global Competitive Strategy.....................6
Global Crises, Global Solutions...............22
Global Electrification..............................20
Global Warming.....................................26
Globalisation, Regionalism and
Economic Interdependence....................5
Globalization and the Race to the
Bottom in Developing Countries..........23
Glynn, Peter W..........................................3
Golden, Miriam A...................................17
Gollin, Michael A......................................1
Gonzalez, Fernando................................12
Gotoh, Reiko..........................................24
Graham, Mary........................................17
Grinols, Earl L.........................................18

Grubb, Michael.......................................25
Guarino, A. J.............................................3
Gunning, Jan Willem...............................17
Gura, Ein-Ya.............................................4
Gustafsson, Björn A................................23
H L Normann, Hans-Theo.............................20
Hall, Rodney Bruce.................................11
Hallerberg, Mark....................................14
Handbook of Primary Commodities in
the Global Economy, A...........................6
Handbook of Procurement........................5
Handbook on Accession to the WTO, A......9
Handbook on Reading WTO Goods and
Services Schedules, A.............................8
Harry Johnson..........................................1
Hasenpusch, Tina...................................13
Hausman, William J................................20
Health Care for Us All.............................18
Hedlund, Stefan.......................................7
Henderson, James..................................18
Hensher, David A....................................12
Hertner, Peter.........................................20
Hillman, Arye L.......................................15
Hinloopen, Jeroen..................................20
Hohmann, Harald...................................10
Holgate, Peter........................................13
Hollander, Samuel....................................1
Houghton, John......................................26
How to Price..........................................19
Howland, Frank........................................2
Huang, Yasheng.....................................15
Hulme, Mike...........................................24
Humanism in Business............................20
Hurwicz, Leonid........................................5
Hussain, Arif.............................................9
Hydrogen Economy, The..........................25
I Maschler, Michael....................................4
Inama, Stefano.........................................8
Inequality and Public Policy in China.......23
Input-Output Analysis...............................3
Insights into Game Theory........................4
Intergovernmental Panel on Climate
Change...............................................26
Intermediate Microeconomics with
Microsoft Excel......................................4
Internet and Digital Economics...............20
Introduction to Decision Theory, An...........1
Introductory Econometrics........................2
Introductory Econometrics for Finance....11
Investing in Protection..............................8
Invisible Hand of Peace, The....................18
Issing, Otmar............................................5
J Moene, Karl Ove....................................17
Jamasb, Tooraj........................................25
Japan and the Global Automotive
Industry.................................................8
Japan Since 1980...................................17
Jensen, Svend E. Hougaard.....................17
Jones, Stewart........................................12
Justice, Political Liberalism, and
Utilitarianism.........................................1
K N Other Public Investors..........................12
Keefer, Philip..........................................23
Khan, B. Zorina.......................................24
Khan, Shiban..........................................20
Kirchler, Erich.........................................18
Kolm, Serge-Christophe............................1
Kontoleon, Andreas................................25
Kunzlik, Peter.........................................24
Labadie, Pamela.......................................5
Large-Scale Disasters..............................25
Laruelle, Annick......................................14
Lassila, Jukka.........................................17
Latin American Development Priorities....23
Law and Policy of the World Trade
Organization, The..................................9
Leadership Ethics...................................20
Learning, Policy Making, and Market
Reforms..............................................14
Legal Principles in WTO Disputes..............9
Lester, Simon........................................ 8, 9
Levine, David K.......................................17
Levine, Ross...........................................13
Leyton-Brown, Kevin.................................3
Lin, Justin Yifu........................................22
Loayza, Norman.....................................23
Lomborg, Bjorn......................................23
Lomborg, Bjørn.......................... 22, 23, 24
Low, Patrick.............................................9
Lynch, Daniel R.......................................25
Lyons, Bruce...........................................19
M Political Economy of Economic Growth
Macgregor, Laura J.................................19
Mäki, Uskali.............................................1
Manger, Mark S........................................8
Marchetti, Juan A.....................................9
Markellos, Raphael N................................2
Markets, Money and Capital.....................5
Markov Chains and Stochastic Stability.....3
McCauley, Joseph L................................13
McDonald, Patrick J................................18
McKibbin, Warwick J.................................5
McNeil, Rupert.......................................20
Mercurio, Bryan.................................... 8, 9
Meseguer, Covadonga............................14
Methodology of Positive Economics, The...1
Meyers, Lawrence S..................................3
Meyn, Sean..............................................3
Microeconometrics...................................2
Microstructure of Financial Markets, The.10
Miller, Ronald E........................................3
Mills, Terence C.........................................2
Milne, Alistair.........................................11
Mission and Money................................14
Mitchell, Andrew D...................................9
Moggridge, D. E........................................1
Motta, Massimo.....................................19
Mounfield, C. C......................................13
Mshomba, Richard E...............................10
Mueller, Dennis C...................................16
Multiagent Systems..................................3
Multilateralizing Regionalism....................9
Munasinghe, Mohan..............................25
Murnane, Richard J.................................26
Nations and Firms in the Global Economy.7
Ndulu, Benno.........................................16
Index 29
Ndulu, Benno J.......................................17
Neal, Larry.............................................22
Networks in Telecommunications............19
New Institutional Economics...................18
New Introduction to Geographical
Economics, The......................................6
North, Douglass C..................................15
O
O’Connell, Stephen A....................... 16, 17
Oil, Water, and Climate...........................27
Oosterloo, Sander...................................10
Opening Markets for Trade in Services.......9
Operations Management........................21
Origin and Development of Financial
Markets and Institutions, The...............22
P
Panizzon, Marion.....................................8
Paprzycki, Ralph.......................................7
Pascual, Unai.........................................25
Past and Future of Central Bank
Cooperation, The.................................12
Pearson, Gail . .......................................13
Peterson, Martin.......................................1
Phillips, David A......................................12
Piga, Gustavo...........................................5
Pirson, Michael.......................................20
Pohl, Nicole..............................................8
in Africa, 1960–2000, The.............. 16, 17
Pollitt, Michael G....................................25
Potters, Marc..........................................13
Power and Interdependence in
Organizations......................................21
Price and Quantity Index Numbers............3
Price, Terry L...........................................20
Principles of Conflict Economics..............16
Przeworski, Adam...................................17
Public Choice III.....................................16
Public Economics and the Household......13
Public Finance and Public Policy..............15
Q
Qizilbash, Mozaffar................................23
Quantitative Tour of the Social Sciences, A.4
R
Radetzki, Marian......................................6
Rainer Strauch, Rolf................................14
RATS Handbook to Accompany
Introductory Econometrics for Finance.. 11
Rawski, Thomas G..................................22
Reciprocity...............................................1
Rees, Ray...............................................13
Reforming the World Bank......................12
Regional Rules in the Global Trading
System..................................................9
Reiter, Stanley..........................................5
Rethinking Bank Regulation...................13
Reward Governance for Senior
Executives...........................................20
Rindi, Barbara........................................10
Risk Management for Central Banks and
Rivlin, Paul...............................................6
Robinson, James A..................................15
Visit our website at www.cambridge.org
30 Index
Romantic Economist, The..........................1
Rosefielde, Steven....................................7
Roy, Martin..............................................9
Rudra, Nita............................................23
Rules of Origin in International Trade........8
Running Regressions................................2
Russia Since 1980....................................7
S Wallis, John Joseph.................................15
Saari, Donald G. ....................................14
Sakamoto, Takayuki................................17
Salles, Maurice.........................................1
Samson, Danny......................................21
Sarno, Lucio.............................................5
Sauvé, Pierre............................................8
Scazzieri, Roberto.....................................5
Schoenmaker, Dirk..................................10
Selected Works of Michael Wallerstein....17
Sen, Amartya . .........................................5
Shah, Anwar...........................................16
Shi, Li.....................................................23
Shimokawa, Koichi...................................8
Shoham, Yoav..........................................3
Shy , Oz.................................................19
Sicular, Terry...........................................23
Singh, Prakash J.....................................21
Skeptical Environmentalist, The...............24
Social and Environmental Policies in EC
Procurement Law................................24
Soludo, Chukwuma C....................... 16, 17
Solutions for the World’s Biggest
Problems.............................................23
Sources of Value.....................................10
Spagnolo, Giancarlo.................................5
Spitzeck, Heiko.......................................20
Spulber, Daniel F............................. 4, 6, 19
Steers, Richard M...................................21
Stevenson, Randolph T............................17
Stochastic Approximation.........................3
Strom, Robert J.......................................21
Suominen, Kati.........................................9
Sustainable Development in Practice.......25
Sustainable Natural Resource
Management.......................................25
Swanson, Timothy..................................25
Synthetic CDOs......................................13
Szirmai, Adam........................................24
T Wealth and Life......................................22
Tabakis, Evangelos.................................12
Taylor, Mark P...........................................5
Teh, Robert..............................................9
Terrorism, Economic Development, and
Political Openness...............................23
Theory of Decision under Uncertainty........3
Theory of Financial Risk and Derivative
Pricing.................................................13
Theory of the Firm for Strategic
Management.......................................21
Theory of the Firm, The.............................4
Tjosvold, Dean.......................................21
Toniolo, Gianni.......................................12
Trade Marks and Brands.........................19
Trade Unionism in Australia....................20
Trivedi, Pravin K........................................2
Turnovsky, Stephen J...............................21
Tweedie, Richard L....................................3
U Y
Unauthorised Agent, The........................19
Uncertain Demographics and Fiscal
Sustainability.......................................17
Urban Labor Economics..........................20
V Zhao, Xueyan...........................................4
Valenciano, Federico...............................14
Van den Bossche, Peter.............................9
van Marrewijk, Charles......................... 6, 7
Van Witteloostuijn, Arjen..........................7
Violence and Social Orders.....................15
von Hagen, Jürgen.................................14
von Kimakowitz, Ernst............................20
Voting and Collective Decision-Making...14
W
Weil, David............................................17
Weingast, Barry R...................................15
Weisbrod, Burton A................................14
Weymark, John A......................................1
Why We Disagree About Climate
Change...............................................24
Wietschel, Martin...................................25
Wilkins, Mira..........................................20
Williams, Steven R....................................5
Winch, Donald.......................................22
Wisse, Barbara.......................................21
Woolley, Simon......................................10
World of Chance, A................................12
World Trade Organization.........................9
World Trade Organization Knowledge
Agreements, The....................................8
WTO Secretariat.......................................8
Wydick, Bruce........................................23
Yoo, Christopher S..................................19
Z
Zamagni, Stefano.....................................5
Zenou, Yves............................................20
 Notes 31

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Bibliography
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Serge Noiret
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Ranald C. Michie, The Global Securities Market: a History
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Göran B. Nilsson, The Founder, André Oscar Wallenberg (1816–1886):
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