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Johannes Bergstein

Economics - Compact Basic Knowledge for Beginners: How to Easily Understand the Fundamentals of Economics and Gain Insight into the Economy, Financial Markets, and Social Models

Routledge Studies in the European Economy

In the face of deglobalisation, decreased competitiveness, and the lack of innovation in the European Union (EU) countries, national development institutions, due to their unique mandates and operational capabilities, have emerged as an effective tool in the hands of governments on the path to long-term sustainable economic growth. This book analyses the contemporary economic situation in the selected EU countries, diagnosing key structural challenges and evaluating the capacity of development institutions to address them. It delineates the mechanisms employed to support economies through the system of development institutions in the EU.The book offers a comprehensive examination of the strategies and policies that these institutions apply and an overview of the support instruments they make available to the state. Further, it presents a comparison of the activities of selected development institutions and examines their efficiency, delivering an understanding of the challenges and opportunities, such as recovering from the COVID-19 pandemic or building resilience against modern security threats and fostering the EU's strategic autonomy. This monograph contributes to the ongoing academic discourse by offering a distinct perspective on development institutions, differentiated by its rigorous focus on the European context rather than general global trends, and grounded in robust empirical data and recent research. Additionally, it includes practical economic policy recommendations and case studies to inspire further research.Bridging the gap between economic theory and banking practice, this volume is an essential resource for academics in macroeconomics and public finance, as well as policymakers shaping the future of the European financial architecture.

Innovation, Economic Growth and Competitiveness

Development Institutions in The European Economy

Perspectives in Behavioral Economics and the Economics of Behavior

Keynesian Behavioral Macroeconomics analyzes Keynes’s landmark contributions in behavioral economics and develops a new and fresh genre of macroeconomic analysis. It compels us to consider seriously the earlier-generation warnings about the impact of investors’ animal spirits and financiers’ liquidity-presence using cognitive-based and social psychology heuristics. Innovative in its subject matter, approach, theoretical development and policy prescriptions, this constructivist pluralist approach can contribute to important debates. This fresh look in macroeconomics can fruitfully be applied by macroeconomists, policymakers, and market participants to prevent effective demand shortages, stimulate the economy, preserve job creation, and impact redistribution, sustainability and social inclusion. In this timely book, Theodore Koutsobinas develops a synthesis of Keynes’s macroeconomic theory with contemporary developments in behavioral macroeconomics to analyze urgent real-world challenges, and he proposes successful solutions for macroeconomic policy. This volume uniquely explains how Keynes’s magnificent, crucial, but long-forgotten dynamics can be analyzed on the basis of behavioral foundations to explain amplified global finance cycles, booms and busts, and macroeconomic instability with harmful effects on incomes and jobs.

Keynesian Behavioral Macroeconomics

In the years following the Second World War, the main economic goal of countries, and the main standard by which economies were judged, was the performance of their Gross Domestic Product (GDP), which was defined and measured, following rules created by statisticians and economists who had developed the official national accounts statistics, mostly in the 1930s. The pursuit of the growth of GDP has remained an overwhelming objective for most economists, politicians and international organizations. This book examines several concepts and processes related to economic growth, such as environmental degradation and climate change; income distribution and poverty; a vibrant civil society; and personal happiness and tackles the important question of whether growth itself can create problems that reduce its welfare value to populations.It weaves together two stories, the first concerns the invention of a statistical index, while the second explores the set of phenomena to which it applies. The author argues that reducing our dedication to economic growth should not be interpreted as stunting the growth of countries' GDPs at their current level, but rather as focusing on paying more attention to the factors that may reduce the social benefits of this growth.The book addresses an important topic that has recently been an object of study in multiple fields, such as economics, history and ecology. It combines historical, analytical, and policy-oriented approaches into a single study and will attract the attention of scholars, researchers, economists, political scientists, and philosophers, at a time when many traditional policies are being questioned and are under discussion.

In Pursuit of Economic Wellbeing

GDP, Growth, and Welfare

Routledge Research on African Economics

The African Continental Free Trade Area (AfCFTA) represents a bold and historic step toward regional economic integration, offering potential for intra-African trade, job creation, and inclusive development. Yet, the success of this ambitious initiative hinges not only on tariff liberalisation and infrastructure development but also on the ability of African economies to build a cohesive and interoperable digital financial architecture.This book provides an in-depth and interdisciplinary examination of how financial technology (FinTech) can support the realisation of AfCFTA's goals. It explores key pillars such as digital payment systems, mobile money interoperability, blockchain for trade finance and supply chains, digital identity and Know Your Customer (KYC) protocols, cybersecurity, and the harmonisation of regulatory frameworks. Drawing on diverse African case studies, the book highlights both opportunities and structural challenges in building a secure, inclusive, and innovative digital financial ecosystem across the continent. By linking technological solutions to institutional reforms, it demonstrates how FinTech can enhance cross-border trade, bridge financial gaps, and empower small businesses and informal sector participants. The book's themes directly align with current high-level policy goals, including Africa's Agenda 2063, the United Nations Sustainable Development Goals (SDGs), and ongoing digital transformation efforts.The book is essential reading for academics, students of digital financial inclusion, FinTech regulation, and innovation policy in emerging markets, especially within the frameworks of institutional and regional integration theories. It will also appeal to policymakers, regulators, FinTech innovators, and development practitioners interested in Africa's digital and economic integration journey.

The Promise of Digital Financial Integration

FinTech and the African Continental Free Trade Area

This book encapsulates the changing dimensions of managerial behaviours through existing microeconomic theories. It throws light on the decision-making process of consumers to demonstrate the potential absorbing capacity of the firms' produce, with the aim of fulfilling their objectives while being socially sustainable.The book elucidates how management, utilizing strategic planning tools, can maintain profitability in an ever-changing macroeconomic environment. The sectoral/market equilibrium analyses are done with reference to international trade and economic growth models. Key features include simple case studies and illustrations to facilitate an easy understanding of the theory, using basic mathematical tools, tables, and figures to illustrate the concepts intuitively. Additionally, chapter-end exercises are provided to assess students' comprehension of the subject matter, among other features.Devised as a text for postgraduate students of Management, Commerce and Economics, this book would also be useful to undergraduate courses with Managerial Economics. Additionally, this book would be an invaluable companion to budding business managers and corporate leaders in different industries.

Theory and Application for Decision Makers

Managerial Economics

Renowned economist Josh Ryan-Collins provides the ideal pedagogical resource for anyone concerned with the major role central banks play in shaping all of our economic opportunities and daily lives. This book provides a concise, authoritative overview of the history and stated purpose of central banks. With critiques of principles and actions that have emerged since the 2008 crash, Ryan-Collins's own and others' proposals offer a solution of how to reform them. In a clear, easy-to-follow structure, it offers historical-normative descriptions of the evolution and role of central banks alongside "myth-busting" chapters explaining the salient critiques of, and proposed alternatives to, principles at the heart of central-bank thinking. Along the way, it covers the major issues preoccupying critical central banking studies and political economics today, including housing inequalities, climate change, digital currencies, and the potential impact of artificial intelligence.

Financial Policy for an Age of Polycrisis

Rethinking Central Banking

A landmark practical guide from the twenty-first-century pioneer in economics. Experimental economics--generating and interpreting data to understand human decisions, motivations, and outcomes--is today all but synonymous with economics as a discipline. The advantages of the experimental method for understanding causal effects make it the gold standard for an increasingly empirical field. But until now the discipline has lacked comprehensive and definitive guidance for how to optimally design and conduct economic experiments. For more than 30 years, John A. List has been at the forefront of using experiments to advance economic knowledge, expanding the domain of economic experiments from the lab to the real-world. Experimental Economics is his A-to-Z compendium for students and researchers on the ground floor of designing, conducting, analyzing, and interpreting data that they generate. List seeks not only to guide readers on how to develop and implement their experimental projects--everything from design to administrative and ethical considerations--but to help them avoid all the mistakes he's made in his career, too. Experimental Economics codifies its author's refined approach to the design, execution, and analysis of laboratory and field experiments. It is a milestone work poised to become the definitive reference for the next century of economics (and economists).

Theory and Practice

Experimental Economics

This book&nbsp;employs a structured, step-by-step approach to economic problem-solving. Each chapter begins with specific learning objectives, guiding students on what they should achieve. Key economic terms and concepts appear in lists, and brief overviews of each module help students connect with the material before diving in. The book highlights what students need to solve each problem and offers hints, enhancing their problem-solving skills.Primarily targeting undergraduate students in intermediate microeconomics courses, this book also benefits those in more advanced courses. It aids in teaching, testing, and homework assignments, helping students prepare for tests and exams. Practical learning comes through visual aids like graphs and charts, making complex concepts easier to understand. With over 400 solved short answer and essay questions, and over 350 multiple-choice questions with explanations, students have extensive practice opportunities.The "Requirement and Clue" feature directs students' attention to what is required and provides hints for solving each problem, addressing common issues students face in problem-solving. The case studies do not restrict themselves to any particular country, making it a versatile resource for economic thinkers worldwide. Suitable for use with major textbooks on intermediate microeconomics, the book enhances its utility as a supplementary resource.Overall, the book&nbsp;fills a gap in intermediate microeconomics education by providing a comprehensive, practical, and structured approach to problem-solving. It serves as an invaluable tool for both students and professors, aiding in teaching, testing, and homework assignments.Elijah M. James
 is the president of James Consulting Services in Montreal, Canada. He was a professor at Concordia University prior to consulting. As a professor, he taught graduate courses in managerial economics (micro and macro), national and international economics, and more. In addition to Concordia University, he has taught at McGill University, John Abbott College, and Dawson College.&nbsp;

This book&nbsp;employs a structured, step-by-step approach to economic problem-solving. Each chapter begins with specific learning objectives, guiding students on what they should achieve. Key economic terms and concepts appear in lists, and brief overviews of each module help students connect with the material before diving in. The book highlights what students need to solve each problem and offers hints, enhancing their problem-solving skills.Primarily targeting undergraduate students in intermediate microeconomics courses, this book also benefits those in more advanced courses. It aids in teaching, testing, and homework assignments, helping students prepare for tests and exams. Practical learning comes through visual aids like graphs and charts, making complex concepts easier to understand. With over 400 solved short answer and essay questions, and over 350 multiple-choice questions with explanations, students have extensive practice opportunities.The "Requirement and Clue" feature directs students' attention to what is required and provides hints for solving each problem, addressing common issues students face in problem-solving. The case studies do not restrict themselves to any particular country, making it a versatile resource for economic thinkers worldwide. Suitable for use with major textbooks on intermediate microeconomics, the book enhances its utility as a supplementary resource.Overall, the book fills a gap in intermediate microeconomics education by providing a comprehensive, practical, and structured approach to problem-solving. It serves as an invaluable tool for both students and professors, aiding in teaching, testing, and homework assignments.

Questions, Answers, and Explanations

Problem-Solving in Microeconomics

Routledge Frontiers of Political Economy

A Classical Political Economy Approach

Economic Growth and Long Cycles

From John Maynard Keynes’s foremost biographer, an illuminating look at how the economist’s ethical approach can be used to address today’s pressing problems &nbsp; John Maynard Keynes (1883–1946) was arguably the most important economist of the twentieth century; his ideas have fundamentally altered the way governments approach economic policy. Exploring the enduring relevance of his ideas, Robert Skidelsky emphasizes Keynes’s conception of economics as a moral science. Keynes was deeply invested in the broader societal implications of economic policies, and this book highlights his belief in economics as a tool for achieving the good life. &nbsp; Skidelsky sheds new light on Keynes’s views on capitalism, discusses his advocacy of low interest rates, and delves into his thoughts on economic instability. He also offers fresh insight into Keynes’s ideas about money, his philosophical foundations, and his unique approach to uncertainty and probability. Ultimately, Skidelsky shows how Keynes’s vision of an economic policy that prioritizes the common good can be adapted to help solve our current economic and political challenges.

Keynes for Our Times

The Great Disconnect: The Paradox of India's Economic Growth and Employment Crisis, examines the paradox of India's remarkable economic growth alongside persistent employment challenges, revealing the complex dynamics of what the author terms "the great disconnect" between development and suitable work opportunities.Drawing on extensive research and policy experience, Professor K.P. Kannan explores how India's economic reforms have created a troubling divergence between GDP growth and quality employment generation. The book provides critical insights into jobless growth patterns, the devastating impact of the COVID-19 pandemic on workers, persistent wage inequalities, and the marginalisation of women and less-educated workers in rural areas. Through detailed analysis of employment elasticity, informal sector dynamics, and social security gaps, Kannan demonstrates how the majority of India's workforce remains trapped in precarious employment without basic protections. The study extends beyond national boundaries to examine similar challenges across the Global South, particularly within BRICS countries, whilst proposing strategies for organising informal workers and achieving inclusive development.This authoritative work will be essential reading for development economists, labour specialists, policy makers, and researchers examining employment challenges in emerging economies in the Global South. It provides valuable insights for international development agencies, government officials, labour organisations, and academics studying the intersection of economic growth and social development in contemporary India and the broader developing world.

The Paradox of India’s Economic Growth and Employment Crisis

The Great Disconnect

Economics - Compact Basic Knowledge for Beginners: How to Easily Understand the Fundamentals of Economics and Gain Insight into the Economy, Financial Markets, and Social Models

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