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Emma Rothschild

Eve Matheson

An Infinite History

The Story of a Family in France over Three Centuries

Ronald Coase Institute Series on New Institutional Economics

Ronald Coase's Nobel work outlined gains by reducing transaction costs and promoting property rights and markets to confront externalities. Countering market failure assertions and calls for centralized government intervention, Coase retorted that decentralized market negotiations could be welfare-improving by promoting collaborative, efficient problem solving, and releasing resources to the general economy. Despite this, his approach is not central to any US environmental law implemented after 1970. Federal government mandates dominate. Where's Coase? explains why. The private objectives of political agents lead to policies that are likely to be too costly and inequitable, despite provision of public goods. Citizens face high collective action costs and lack information to distinguish between public goods and private agent benefits. Examining three major environmental laws: the Clean Air Act, the Magnuson Stevens Fishery Act, and the Endangered Species Act, the book explores policy development and assesses the resulting costs relative to Coase's framework.

The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions

Where's Coase?

An empirical analysis and new theoretical framework for understanding economic expectations and decision-making in different historical settings. Expectations play a crucial role in shaping economic behavior. But how are expectations actually formed, and how has this changed over time? The financial crisis of 2007–08 cast doubt on traditional theories of expectation formation, particularly the rational expectations framework. In Contingent Expectations, Alexander Nützenadel and Jochen Streb examine the ways that past experiences influence the economic expectations and decision-making of households, investors, and policymakers through history, and offer an alternative perspective. Combining a comprehensive empirical analysis of expectation formation from the eighteenth century to the present day with an assessment of the relevant economic theory, Nützenadel and Streb present a new theoretical framework, contingent expectations, for understanding economic expectation. Nützenadel and Streb show how economic actors developed new forecasting methods in response to rising uncertainty brought on by the Industrial Revolution, the expansion of global trade, financial market integration, and environmental crises. Tracing the evolution of economic theories on expectations, they find that when growing market volatility made forecasting more complex, economic agents often adapted with remarkable flexibility to changing circumstances. Challenging prevailing concepts of expectations, including rational choice and adaptive expectations, Nützenadel and Streb emphasize the heterogeneity of economic agents’ cognitive practices—in particular, the need to consider variation in information costs and historical experience. Expectation formation, they argue, is contingent on each individual’s current decision-making situation. Their account of the history of economic expectations has significant implications for current debates in economics.

Uncertainty, Risk, and Economic Behavior in Historical Perspective

Contingent Expectations

Cambridge Companions to History

Geoffrey Jones and Sabine Pitteloud present the latest research on the global history of multinationals and their impact on society and the environment. Bringing together leading international scholars, these essays survey key themes in our relationship with multinationals, from taxation and corruption to gender and the climate. Though often associated with large corporations like Apple or Nestlé, the contributors highlight the remarkable diversity in multinational strategies and organizational structures. They challenge the idea of an inescapable rise of multinationals by looking beyond the experience of Western countries and considering the effects of dramatic political shifts. Multinationals have often acted opportunistically, with their resilience carrying social costs through the exploitation of weak regulations, corrupt governments, inequalities, poor human rights, and environmental harm. This is an essential introduction to the historical role of multinationals for scholars and students as well as for policymakers and stakeholders navigating today's economic landscape.

The Cambridge Companion to the History of Multinationals and Society

#1 NEW YORK TIMES BESTSELLER • “After his spectacular Lincoln in the Bardo, Saunders returns . . . with a new novel even more spectacular than the last.”—Los Angeles Times A “daring” (Time) novel from the #1 New York Times bestselling, Booker Prize–winning author of A Swim in a Pond in the Rain and Tenth of December, taking place at the bedside of an oil company CEO in the twilight hours of his life as he is ferried from this world into the next “Vibrant, fiendishly clever . . . Vigil is pure Saunders: the death of empathy, he insists, is greatly exaggerated.”—The Boston Globe Not for the first time, Jill “Doll” Blaine finds herself hurtling toward earth, reconstituting as she falls, right down to her favorite black pumps. She plummets towards her newest charge, yet another soul she must usher into the afterlife, and lands headfirst in the circular drive of his ornate mansion. She has performed this sacred duty 343 times since her own death. Her charges, as a rule, have been greatly comforted in their final moments. But this charge, she soon discovers, isn’t like the others. The powerful K. J. Boone will not be consoled, because he has nothing to regret. He lived a big, bold, epic life, and the world is better for it. Isn’t it? Vigil transports us, careening, through the wild final evening of a complicated man. Visitors begin to arrive (worldly and otherworldly, alive and dead), clamoring for a reckoning. Birds swarm the dying man’s room; a black calf grazes on the love seat; a man from a distant, drought-ravaged village materializes; two oil-business cronies from decades past show up with chilling plans for Boone’s postdeath future. With the wisdom, playfulness, and explosive imagination we’ve come to expect, George Saunders takes on the gravest issues of our time—the menace of corporate greed, the toll of capitalism, the environmental perils of progress—and, in the process, spins a tale that encompasses life and death, good and evil, and the thorny question of absolution.

A Novel

Vigil

This second edition of The Palgrave Handbook of Criminology and the Global South&nbsp;significantly expands, develops and draws together the rapidly growing research and theory about crime, punishment, security, prisons, policing, gender violence, environmental justice, island justice and justice innovations from, of and about the Global South. It addresses the hegemonic bias in the production and dissemination of criminological knowledge and covers a huge scope of research methodologies and lines of inquiry to develop a transnational criminology inclusive of the experiences and perspectives of the Global South. It includes Indigenous, critical, green, southern, feminist, counter-colonial, post-colonial and de-colonial approaches. It seeks to&nbsp;contribute to the bridging of global divides and reducing inequities with the aim to democratise criminological knowledges.

The Palgrave Handbook of Criminology and the Global South

You’ve heard of IQ and EQ. But in today’s world, they’re no longer enough. We need the Agility Quotient (AQ). “Holistic, practical, and easy to digest (without feeling corporate). If you’re looking for a quick, yet addictive read about how to manage uncertainty, this is one of those books that will make you feel a little more steady.”—theSkimm In a time defined by nonstop disruptions, when jobs vanish overnight, industries evolve in months, and yesterday’s rules no longer apply, AQ—the Agility Quotient—is the intelligence you need to handle change, uncertainty, and the unknown. The good news is that, with the right toolkit, you can grow your agility and learn to navigate a world of increasing instability. Drawing on leadership coach and former venture capitalist Liz Tran’s work with over 200 successful founders, executives, and dozens of companies and organizations, AQ reveals a model for how high-performing teams and managers adapt to uncertainty. Tran will show you how to cultivate “durable skills,” essential human abilities that remain valuable no matter what the future holds. With the book’s Agility Archetype assessment, the book personalizes the AQ journey to every kind of individual. No matter their experience level or ambitions. Written with conversational flair and practical advice, AQ offers readers a wealth of resources, including: • Tools to rebuild confidence for when you’re bombarded by life's curveballs or feeling burned out Actionable steps for making a big shift, even when you feel stuck. • Advice on finding clarity in moments of professional turbulence. AQ also takes readers behind the scenes at companies, from NVIDIA and Microsoft to rising startups like Lex, to see AQ in action. You’ll also meet trailblazers like Maggie Lena Walker, the first female bank president in American history, and Emile-Maurice Hermès, who transformed Hermès into a global luxury powerhouse. As the adage goes, “the only certain thing is change.” AQ is the critical intelligence for our unpredictable future.

A New Kind of Intelligence for a World That's Always Changing

Routledge Explorations in Economic History

This book explores late colonial Zimbabwe's troubled transition from colony to independent state from a financial and economic history perspective.

Money, Sanctions and War Economy

Finance in Colonial Zimbabwe

This title is written to provide tax advisers with an understanding of the UK tax rules applicable to trusts resident in the UK or abroad, and the resultant tax liabilities of the trustees, settlors and beneficiaries, and opportunities for reducing those liabilities where possible. As well as background to trusts and trustees' powers and duties, the commentary deals with the main types of private trusts and the rules that apply to them . There are also important chapters on residence and domicile and foreign trusts, charitable trusts, and purpose and heritage trusts. A number of specialist areas such as protective and vulnerable persons trusts are also dealt with. This new edition covers the once-in-a-generation legislative changes taking effect from April 2025, concerning the removal of non-dom rules. These include: - Abolition of domicile as a relevant factor in determining liability to inheritance tax, capital gains tax and income tax; - Remittance basis of taxation removed for 2025/26 and later years, but previous untaxed amounts held overseas will be taxed when remitted; - Liability to tax for 2025/26 and later years will be based on residence - UK resident settlors of offshore trusts will be taxable on trust income/gains on an arising basis from 2025/26, as the "protected trust" regime which has applied since 2017 is removed; - Offshore trusts settled by a non-UK domiciled settlor will be within the scope of inheritance tax if the settlor is a "long term resident" (LTR) of the UK. - Change in CGT rate for trustees was announced in Budget - increased from 20% to 24%. - The introduction of caps on Agricultural Property Relief (APR) and Business Property Relief (BPR) A digital version of this title is available as part of our online tax resources.

Tax Advisers' Guide to Trusts

A Plain English Guide to Thinking Globally and Investing Wisely: The life-changing personal finance and investment bestseller

How to Own the World

In analyzing how business interacts with the evolution of economic, technological and political systems over the long term, the book provides a unique method to understand this increasingly vital topic. Updated to incorporate more detail on management theories, the new edition also brings the story up to date to the era of global crisis and financialization.With a chronological approach and led by globally-recognized experts on business history, this is essential reading for all business students and scholars looking at the past and towards the future.

Complexities and Comparisons

Business History

'One of the most original and important books on Africa in years' FINANCIAL TIMES The birth of new nations, independent democracies, the unprecedented growth of cities from Lagos to Cairo; the African continent is booming. So why do myths about underdevelopment, unproductive land and overpopulation remain? In a groundbreaking new study of Africa's developmental history, economist Joe Studwell debunks long-held views about the continent's presumed resistance to growth, charting monumental changes in government, demography and asset management. Considering everything from settler colonialism to soil conditions, mineral extractivism to disease development and eradication, Studwell persuasively argues that the seizing back of land, people and states across Africa, has also been the seizure of mass economic development. From slavery to independence and beyond, this is the definitive account of the world's second largest continent - and an optimistic look to its future.

Success and Failure on the World's Last Developmental Frontier

How Africa Works

An Infinite History

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