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Blood and Treasure is the story of the economics of conflict from the Viking Age to the war in Ukraine. Wars are expensive, both in human terms and monetary ones. Since at least the 1640s, in the aftermath of the British Civil Wars, the phrase 'blood and treasure' has sought to encapsulate these costs. Two economic notions, in particular, feature in this book: incentives and institutions. A rational look at incentives explains even the most seemingly irrational behaviour - and few things are as irrational as war. Crucially, incentives are not formed in a vacuum, they are shaped by the wider social, cultural and political context - the kind of things economists call institutions (i.e. the State). Over time institutions change and with them incentives change too. Together institutions and incentives shape and explain human behaviour. Over the long span of human history, nothing has shaped institutions - and hence economic outcomes - as much as war and violence. Blood and Treasure examines why Genghis Khan should be regarded as the father of globalisation, how New World gold and silver kept Spain poor, why some economists think of witch trials as a form of 'non-price competition', how pirate captains were pioneers of effective HR techniques, how handing out medals hurt the Luftwaffe in the Second World War and why economic theories helped to create a tragedy in Vietnam. Along the way it considers why some medieval kings were right to arm their soldiers with inferior weapons, takes some management lessons from Joseph Stalin and asks if a culture of patronage and cronyism helped the Royal Navy rise to greatness. It also analyses the changing economic costs of war and ask whether war is always bad for the economy.

Weldon D: Blood and Treasure

Blood and Treasure

The Economics of Conflict from the Vikings to Ukraine

As a result of the reverberations of the crisis in credit markets world wide, investors in financial markets and institutions have witnessed mammoth slides in global stock markets, the privatization and state sponsored takeover of financial institutions and, in an effort to restore equilibrium to markets, the temporary ban on the practice of the short selling of shares in certain financial institutions. To that end, the rationale behind this book is to respond to the dynamics of this much changed financial market environment by providing a text that presents a more up-to-date description of financial markets - one that offers more current insight into the behaviour of financial markets and financial sector institutions than is currently represented in available books on the subject. Particular strengths include:An international focus with detailed analysis of financial markets in mainland Europe and Asia, not just the Anglo-Saxon worldAn emphasis on risk management and financial regulationA concentration on behavioural aspects of financial marketsWedding this new approach to all the customary hallmarks of a typical intermediate financial markets and institutions textbook, its overall aim is to help students in degree programmes specializing in Economics and Finance, Banking, Accounting, or Business and Management appreciate the value of financial markets and institutions and to be able to use techniques in an up to date context.

This book responds to the dynamics of the currently much changed financial market environment by providing a text that presents a more up-to-date description of financial markets – one that offers more current insight into the behaviour of financial markets and financial sector institutions than is currently represented in available books on the subject.

Financial Markets and Institutions

This book looks at the inter-relationship between the system background of the Chinese family enterprises, information disclosure with the reality of the securities market. The book examines the relationship between family enterprise governance and the information transmission mechanism through theoretical and empirical studies and provides comprehensive results of the investigation on family enterprises. In particular, it constructs a three-dimensional analytical framework constituted by governance of listed family enterprises, information disclosure and enterprise value from the perspective of family enterprise governance (i.e. the ownership structure and features of the board of directors) The book is useful to investors with information on listed family enterprises. The content helps investors to correctly realize the value of such enterprises and reduces the problem of "adverse selection", saving cost on decision-making. The book is also beneficial to securities regulatory authorities to assess the quality of information disclosed by listed companies.

This book looks at the inter-relationship between the system background of the Chinese family enterprises, information disclosure with the reality of the securities market. The book examines the relationship between family enterprise governance and the information transmission mechanism through theoretical and empirical studies and provides comprehensive results of the investigation on family enterprises. In particular, it constructs a three-dimensional analytical framework constituted by governance of listed family enterprises, information disclosure and enterprise value from the perspective of family enterprise governance (i.e. the ownership structure and features of the board of directors) The book is useful to investors with information on listed family enterprises. The content helps investors to correctly realize the value of such enterprises and reduces the problem of "adverse selection", saving cost on decision-making. The book is also beneficial to securities regulatory authorities to assess the quality of information disclosed by listed companies.

Chinese Family Enterprise Governance

Wars are expensive, both in human terms and monetary ones. Since at least the 1640s, in the aftermath of the British Civil Wars, the phrase 'blood and treasure' has sought to encapsulate these costs. Two economic notions, in particular, feature in this book: incentives and institutions. A rational look at incentives explains even the most seemingly irrational behaviour - and few things are as irrational as war. Crucially, incentives are not formed in a vacuum, they are shaped by the wider social, cultural and political context - the kind of things economists call institutions (i.e. the State). Over time institutions change and with them incentives change too. Together institutions and incentives shape and explain human behaviour. Over the long span of human history, nothing has shaped institutions - and hence economic outcomes - as much as war and violence. Blood and Treasure examines why Genghis Khan should be regarded as the father of globalisation, how New World gold and silver kept Spain poor, why some economists think of witch trials as a form of 'non-price competition', how pirate captains were pioneers of effective HR techniques, how handing out medals hurt the Luftwaffe in the Second World War and why economic theories helped to create a tragedy in Vietnam. Along the way it considers why some medieval kings were right to arm their soldiers with inferior weapons, takes some management lessons from Joseph Stalin and asks if a culture of patronage and cronyism helped the Royal Navy rise to greatness. It also analyses the changing economic costs of war and ask whether war is always bad for the economy.

Cheatcodes

Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do

How Countries Go Broke

Routledge Textbooks in Development Economics

This book will guide the reader through both the basic and more advanced methods of impact evaluation, with a particular focus on impact evaluation within evidence-based policy making and in international development. The chapters provide a theoretical discussion of the various topics related to impact evaluation, complemented with exercises, case studies and worked examples drawn from the international development literature. Iconic impact evaluation studies will be used to exemplify the challenges of development impact evaluations.

Impact evaluation is an important tool in research and policy making, as policymakers and donor agencies are under increasing pressure to justify public spending on social and economic interventions. This book will guide the reader through both the basic and more advanced methods of impact evaluation, with a particular focus on impact evaluation within evidence-based policy making and in international development. It will address the design, commissioning, and management of impact evaluations, data management, statistical econometric analyses, and theory-based approaches to impact evaluation. It will also cover other components of evidence-based policy making such as systematic reviews, replication, and ethics in impact evaluation research and practice. The book is organized in four parts, each part divided into stand-alone chapters. The chapters provide a theoretical discussion of the various topics related to impact evaluation, complemented with exercises, case studies and worked examples drawn from the international development literature. Iconic impact evaluation studies will be used to exemplify the challenges of development impact evaluations. The authors have all successfully conducted impact evaluations in developing countries for many years, and the book builds on their experience in in teaching, research, and consulting on development issues. It will be of interest to students of development studies, development economics, political science, public health and other areas in the social sciences, as well as to development professionals and policymakers.

The Essential Guide

Impact Evaluation for International Development

Why the market will never solve the Climate Crisis

Why Capitalism Won't Save the Planet

The Price is Wrong

Routledge Studies in Ecological Economics

This book analyses the rationale and the basic design of the European Union Emission Trading Scheme and discusses its workings during the first two trading periods and the initiation of the third phase, following a revision of the scheme. It offers a critical assessment of the EU ETS from a radical political economy standpoint.

This book analyses the rationale and the basic design of the European Union Emission Trading Scheme and discusses its workings during the first two trading periods and the initiation of the third phase, following a revision of the scheme. It offers a critical assessment of the EU ETS from a radical political economy standpoint.

The Political Economy of the European Union’s Emissions Trading System

Routledge Studies in the Modern World Economy

This book seeks to document, analyze, and interpret the transformation of contemporary Chinese economy. Its content is divided into 5 categories: state official visions, basic systems, concrete institutions, actual economic development, and interaction with the world economy. This book serves both as a handbook for scholars and a textbook for students. As a handbook, it seeks to provide scholars detailed and up-to-date source materials of major aspects of the Chinese economy - relevant statistical data, and highlights of official policy documents, laws and regulations, and communiqués. As a textbook, it seeks to inform students of the salient characteristics and overall character of Chinese economic transformation - with an emphasis on both accessibility and analytical depth.

This book seeks to document, analyze, and interpret the transformation of contemporary Chinese economy. Its content is divided into 5 categories: state official visions, basic systems, concrete institutions, actual economic development, and interaction with the world economy. This book serves both as a handbook for scholars and a textbook for students. As a handbook, it seeks to provide scholars detailed and up-to-date source materials of major aspects of the Chinese economy – relevant statistical data, and highlights of official policy documents, laws and regulations, and communiqués. As a textbook, it seeks to inform students of the salient characteristics and overall character of Chinese economic transformation – with an emphasis on both accessibility and analytical depth.

The Contemporary Chinese Economy

Data Analysis for Business Students: A Mind-Mapping Approach is an innovative educational resource that guides business students in mastering the essential concepts and methodologies of data analysis. This design incorporates mind maps, a proven cognitive tool to streamline the learning experience.

A Mind-Mapping Approach

Data Analysis for Business Students

Routledge Studies in the European Economy

This book explores the interrelationship between neoliberal economic policies within the European Union (EU), particularly across Eurozone countries, and the decline in social cohesion exemplified by the rise in support for political parties of the extreme right.

This book explores the interrelationship between neoliberal economic policies within the European Union (EU), particularly across Eurozone countries, and the decline in social cohesion exemplified by the rise in support for political parties of the extreme right.

European Economic Integration and Social Cohesion

Blood and Treasure

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