Featured Books

Welcome to the KSP Library’s books board.

Please check out these featured books selected by our KSP Library team. Please peruse some of our featured book lists if you’re looking for something new! The KSP Library Featured Book program allows your book along side 10 others to feature as the ‘Book of the Quarterly’ on the front page of our website.

By Ana Paula Martins

This book inspects the interdependencies among social disruption signals and their relationship to economic conditions as emerging from available Portuguese time series. Comparisons with international cross-section evidence are provided. Three types of innovations are presented: firstly, it searches for interactions – and common causes – between indicators of general aggressiveness or pro-activity that include accident, suicide, divorce rates and armed forces along with criminality records. Secondly, it illustrates theoretical applications of principal components: in time series filtering; in cross-correlation and corresponding significance-level probabilities analysis; in the treatment of missing cases. Finally, estimators based on observational replicability of second moments are proposed.

By Ron W. Nielsen

Unified Growth Theory published by Oded Galor is called unified because it puts together earlier attempts to explain the historical economic growth and the historical growth of population. These attempts were made over many years and by now they form the established knowledge in economics and in demography.
Unfortunately, the past research was difficult because (1) access to data was strongly limited and (2) growth turns out to be represented by strongly deceptive distributions. They create an illusion of stagnation followed by a sudden explosion, while in fact they increase monotonically all the time and there is no sudden transition from a slow to fast growth. Data represented by these distributions have to be carefully and methodically analysed; otherwise conclusions are based on illusions.
Galor was in a far better position than many of the past researchers because he had access to superb and extensive sets of data made available by the world renown economist, Angus Maddison. These data describe economic growth and the growth of population, global, regional and even in individual countries. They are a rich source of information, which Galor failed to use. He made no attempt to analyse them.
There is no explanation for his neglect to analyse data mathematically because (1) he uses mathematics in his theory and thus he is familiar with mathematical procedures and (2) because trajectories describing growth of population and economic growth, while being deceptive, are trivially easy to analyse. No great skill is needed to analyse these distributions. Indeed, there is even no need to analyse them mathematically. Reliable conclusions can be reached just by using different plots of data. However, mathematical analysis, which is simple and easy, helps in a better understanding of the mechanism of growth. <more…>

By Mario Coccia

One of the most significant topics in economics and social sciences is to explain the active role that science and technological innovation play in the economic and social change of nations.
Firstly, the term innovation and science advances are used so widely to indicate something new and different. However, this definition doesn’t tell us how we would recognize an innovation and science advances, how we could categorize them, how to explain their origin and evolution, as well as how to measure them in markets and society.
The goal of this book is to explain some characteristics of technological innovation and science in society. In particular, this book focuses on new researches that can clarify the origins of studies concerning science and innovation, the categorization of innovation, the sources and aspects of the evolution of innovation and some techniques to measure technological advances and predict which technologies are likely to evolve rapidly in society.
This book is designed for students, undergraduate, graduate or managers in business and public administration that wish to clarify critical concepts in the field of science and technological innovation and that wish to expand their knowledge on these subjects areas.
I have attempted to minimize the use of extremely complex theories and studies. Those that I include are integrated with examples and actual applications in economic, social and organizational settings. In order to attain a reasonable depth, this book concentrates on selected topics of particular relevance to problems of science and technology, and which meet the needs of the intended audience.
The book is divided in four interrelated parts. <more…>

By Imtiaz Ahmed Pirzada, Parveen Shah, Naveed Ahmed Shaikh

Present study has applied Hicksian Compensating Variation approach for empirical estimation of the welfare loss in the households of the four selected districts of North Sindh (Qamber Shahdadkot, Kashmore-Kandhkot, Jacobabad and Shikarpur) that were severely affected during flood 2010. The income and substitution effects were estimated from Marshallian demand curves. Slutsky equation is applied to isolate the income effect from the total effect to estimate the Hicksian demand equations. The total intervention estimated to be required was approximately PKR 61.16 billion in the four selected districts however the total intervention provided in the form of rescue, relief, rehabilitation, and reconstruction was equal to PKR 47.2 billion. A short fall of approximately PKR 15 billion was observed. The Hicksian Compensation required estimated per household per month is to the tune of PKR 11703 per month.

By Ralph S. Musgrave

Under the existing bank system, it is not just central banks and governments which create money: commercial banks do so as well. Many leading economists, including at least five Nobel laureate economists, have had doubts as to whether commercial banks should be allowed to do that. Indeed one of those Nobel laureates, Maurice Allais, described money creation by commercial banks as counterfeiting. “Full reserve” and “100% reserve” are names given to bank systems where commercial banks are not allowed to create or “print” money, or at least where that money creation is curtailed. Other names include “Sovereign Money” and “Vollgeld”. The arguments for and against full reserve are complicated. One of the best arguments for full reserve, put by Joseph Huber among others, is that letting commercial banks create money amounts to a subsidy of those banks: clearly a money lender (and that is what commercial banks are) which can simply create the money it lends out is in a better position than a money lender who has to obtain money the same way every household and non-bank firm obtains money: earning it or borrowing it. Put another way, there is no obvious reason why money lenders should enjoy the luxury of being able to print money, while garages, restaurants, etc cannot. The only reason why commercial banks can create money so easily is that money creation merges seamlessly with what they do anyway, namely grant loans. <more…>

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