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Max Steuer

Dangerous Guesswork In Economic Policy

&lt;p&gt;Chapter 1. Greed and Ignorance.- Chapter 2. What is an Economist?.- Chapter 3. The Economy and the Many Economies.- Chapter 4. Kinds of Advisers.- Chapter 5. The Scope and Methods of Economics.- Chapter 6. Excessive Inequality.- Chapter 7. Choosing an Economic Adviser.- Chapter 8. Prevailing Problems.- Chapter 9. Individual virtues, Social Benefits.- Chapter 10. The Adviser and the Government.&lt;/p&gt;&lt;p&gt;&lt;/p&gt;

Contributions to Economics

This book offers a new governance framework for understanding how countries with limited institutional capacity can pursue economic catch-up in the digital age. This book introduces the concept of the Developmental Network State (DNS) to explain how learning, coordination, and embeddedness enable capability development under conditions of constraint. Focusing on transitional economies in Southeast Europe, it examines how fragmented institutions, donor dependence, and political volatility shape technological upgrading and industrial transformation.
Drawing on extensive fieldwork, stakeholder interviews, and comparative analysis, the book explores digital entrepreneurship, agri-food upgrading, and integration into automotive supply chains in low-capacity environments. It highlights themes such as governance as a meta-capability, industrial policy under digital disruption, and the role of diasporas and donors in shaping development trajectories. This interdisciplinary study will appeal to researchers, graduate students, policy advisors, and development practitioners interested in industrial policy, innovation systems, and governance reform in latecomer economies.

Capabilities, Governance and Industrial Policy in Transitional Europe

Catching Up in the Digital Age

Financial and Monetary Policy Studies

Estimation Methodologies and Empirical Evidence

The Impact of Monetary Policy

The Turkic Republics are increasingly recognized as key contributors to global development. Endowed with abundant natural resources and strategically located along major trade corridors, they have recently united under the Organization of Turkic States (OTS) to harmonize policies and strengthen regional cooperation. Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye, Uzbekistan, and the Turkish Republic of Northern Cyprus&nbsp;face a shared challenge: the prevalence of large shadow&nbsp;economies. This informality undermines transparency, weakens governance, and impedes sustainable growth.
This volume provides the first systematic comparative analysis of shadow economies across the Turkic Republics. Seven country chapters and an introductory comparative chapter examine the causes, consequences, and policy approaches to informality in the OTS.
The book highlights both shared legacies and diverging institutional paths. It contrasts the socialist legacies of the post-Soviet republics with the market-oriented traditions of others in the region, illustrating how these distinct backgrounds shape shadow economies. It also documents the persistence of informal activity and its intersections to institutional trust, labor markets, digitalization, and sustainability.
By combining cross-country comparisons with detailed national perspectives, the volume advances scholarship and offers actionable insights for policymakers aiming to reduce shadow economies and foster sustainable development.

Governance, Institutions, Trust, and Policy Responses

Shadow Economies in Turkic Republics

Digital Revolution for the Vulnerable tells a grounded, sometimes uncomfortable, and ultimately hopeful story about Bangladesh’s push to shift social protection from paper registers to mobile screens—from cash to code. Instead of getting lost in jargon and big promises, the book stays close to real lives: people receiving old age allowances, widows and destitute women relying on small but vital stipends, and the local officials trying to make a new system work. It traces how mobile money and government¿töperson (G2P) payments can reduce leakage, sideline middlemen, and speed up transfers, while still leaving many behind because of gender norms, where they live, what they can read, and who holds power. Drawing on detailed fieldwork and clear-eyed policy thinking, the authors show what actually works on the ground, what falls apart in practice, and what needs to change so that digital cash transfers respect people’s dignity and strengthen their voice, rather than simply making the system more efficient.

The Untold Story of Bangladesh’s Social Safety Net Transformation

Digital Revolution for the Vulnerable

Equality law is audist. Deaf communities around the world continue to encounter Deaf Legal Exclusion through legal frameworks that define them narrowly and restrict their rights. This book examines why these frameworks have not delivered equality in practice. It argues that the core issue is structural misrecognition: law protects deaf people only when they accept a definition based on impairment. Sign language, culture and community are treated as secondary. What appears to be inclusion is often a Deaf Legal Illusion: equality claimed in principle but absent in practice. The book analyses five models used to categorise deaf people in law and policy: disability, language minority, culturo-linguistic community, ethnic group and Indigenous group. Some appear in legislation; others are found in scholarship and advocacy. Each reflects only part of deaf people's lives. Drawing on doctrinal and socio-legal analysis of the Equality Act 2010, case law of the ECtHR, and the UN Convention on the Rights of Persons with Disabilities, the book critiques how equality law relies on narrow definitions of fairness. It explores formal, substantive and transformative precepts of equality, assessing their ability to reflect deaf people's experiences. It identifies the audist assumptions built into legal systems that expect deaf people to adapt to hearing norms, while withholding full recognition of sign language and community belonging. In response, the book proposes the Deaf Rights Model, which brings the five models together as complementary rather than competing. Alongside Deaf Equality Concepts, it offers a framework in which sign language, culture and community become central to legal thinking about equality. The Deaf Legal Dilemma establishes Deaf Legal Studies as a field grounded in the priorities and expertise of deaf communities. It invites lawmakers, practitioners and scholars to rethink the purpose of the law and the structures through which deaf people are recognised.

Challenging Equality Law

The Deaf Legal Dilemma

Dieses Buch bietet eine umfassende Analyse der wirtschaftspolitischen Entwicklungen in Österreich. Es beleuchtet die Herausforderungen, denen sich das Land in den letzten Jahrzehnten gegenübersah, und untersucht, wie Österreich auf Krisen wie die Finanzmarktkrise 2008, die Eurokrise, die Flüchtlingskrise 2015, die COVID-19-Pandemie und den Russisch-Ukrainischen Krieg reagiert hat. Ziel ist es, die Resilienz und Anpassungsfähigkeit des „Systems Österreich“ zu verstehen und zu bewerten.
In 15 Kapiteln, die von führenden Expert:innen verfasst wurden, werden zentrale Konzepte und Fragen der österreichischen Wirtschaftspolitik behandelt – von Politik und Wirtschaft über Alterung und Migration bis hin zu Geldpolitik und Inflation. Jedes Kapitel bietet nicht nur eine tiefgehende Analyse, sondern auch einen Einstieg in weiterführende Diskussionen. Die Frage, ob Österreich seine wirtschaftspolitischen Herausforderungen im Alleingang oder in Zusammenarbeit mit Partnern wie der Europäischen Union bewältigen sollte, zieht sich als roter Faden durch das Werk. Das Buch eignet sich sowohl als Nachschlagewerk für Leser:innen mit einem Hintergrund in Wirtschaft, Politik oder verwandten Disziplinen als auch zur Begleitung von Lehrveranstaltungen zur österreichischen Wirtschaftspolitik.

Wirtschaftspolitik Österreich

Research Series on the Chinese Dream and China’s Development Path

This book offers a groundbreaking analysis of the ancient Ever-Normal Granary system, illuminating its significance in both historical and modern economic discourse. This work systematically explores the theories and practices of buffer stocks within the contexts of Chinese and Western economic histories, creating a dialogue between ancient wisdom and contemporary challenges.What sets this book apart is its innovative framework, which evolves the concept of Ever-Normal Granary into a dynamic model of “Maintaining Balance through the Mean,” culminating in the formulation of the “Ever Normal Law.” This theoretical advancement highlights the “Spirit of the Middle Way” intrinsic to Chinese economic thought, revealing the unique insights that shape China’s economic strategies.Designed for scholars, researchers, and students in history, economics, and agricultural policy, as well as policymakers and those interested in food security, this book strikes a balance between academic rigor and accessibility.

The Ever-Normal Granary in History and Beyond

Chinese Food Security Strategy

Frontiers in South and Southeast Asian Development Research

Drivers of Economic Growth, Inequality, and Poverty Among Provinces in Vietnam

Natural Resource Management and Policy

This Open Access volume sheds light on the economic role and true value of non-human animals in the global economy. Animals have been a pillar of human prosperity since the dawn of civilization. From early hunting and domestication to their roles in agriculture, science, transportation, war, and entertainment, animals have shaped our world. Today, their contributions span from providing food and energy to supporting ecosystem services like pollination and pest control.&nbsp;Despite their importance, animals remain overlooked in economic studies. This book addresses this gap, exploring the economic roles of animals, analyzing demographic trends, reassessing their true economic value—including their intrinsic worth and the full measure of their contributions and suffering—and proposing innovative ways to reflect this in economic decision-making. This comprehensive volume connects economics and other fields, applying research on the valuation of Nature to non-human animals.The book explores economic policy and regulatory policy solutions to help recognize animal agency and ecological interdependence, presenting examples of how more humane, animal-free systems can reduce inefficiencies, spark innovation, and enhance both ecological and economic resilience. It will appeal to scholars, students, and researchers of economics and across other disciplines, as well as to policy-makers interested in a better understanding of the role of natural capital in economies, and specifically, the contributions of non-human animals to economic growth and stability.&nbsp;
 “
 This pioneering collection of essays
 &nbsp;raises an issue that economists have ignored for far too long: How are we to include non-human animals in economic evaluations of policies and practices? Fortunately, interest in this important question is now growing rapidly. The essays brought together in this volume sketch the outlines of a rich and extensive new field of thought.”&nbsp;
 
 —&nbsp;
 Peter Singer
 , Emeritus Professor of Bioethics, Princeton University; Visiting Professor, National University of Singapore; author of&nbsp;
 Animal Liberation
 &nbsp;and&nbsp;
 Animal Liberation Now
 .

Revaluing Life for a Liveable Planet

The Economics of Non-Human Animals

“A full-frontal attack on France’s blind spot – regionalism – demonstrating that regional structures and identities were part of her reconstruction and modernisation after the First World War. Deeply researched and a masterly comparative study.”
—Robert Gildea, Emeritus Professor, University of Oxford
“With his deep research into economic organisations at the grass-roots level, Terence Cudbird provides an important chapter in the continuing exploration of the unique story of France’s social and economic development between the wars.”
—Julian Wright, Professor, Northumbria University
“Cudbird’s careful archival research demonstrates that, in the wake of the First World War, French regionalism was not just the concern of intellectuals and traditionalists.&nbsp;Industrialists and government ministers also saw the need to decentralise. Bringing decision-making closer to local stakeholders enabled significant change in the interwar period, the achievements of which are documented here, in many cases for the first time.”
—David Hopkin, Professor of History, University of Oxford, Oxford
This book provides a comprehensive account of the achievements of the economic regions set up in France after the First World War. It identifies exactly how they operated, as well as critical success factors such as effective leadership. Some recent historians have taken a very negative view of the part played by these regions in economic development. This new study instead argues that they made a significant contribution and laid the foundations for the regions created in France after 1945. The key areas which they identified: transport, power generation, and technical education, have remained the preoccupations of regional governments in France and elsewhere to this day. The author covers the needs of commerce and industry, but also agriculture and tourism. Based on fresh research using a wide range of primary sources, this book will appeal to economic historians, economists, and geographers, as well as historians with a particular interest in France.
Terence Cudbird gained his doctorate from the University of Oxford in 2020 and is an Associate Member of the History Faculty there. He published an article on the French regions in French History in 2023.

The Origins of Economic Regions in France, 1918-1940

Applied Economics and Policy Studies

The proceedings consist of papers accepted by ICEMGD 2025, which are carefully selected and reviewed by professional reviewers from corresponding research fields and the editing committee of the conference. The papers have a diverse range of topics situated at the intersecting fields of economics,&nbsp; management, public administration, and green development. ICEMGD is working to provide a platform for international participants from fields like macro- and microeconomics, international economics, finance, agricultural economics, health economics, business management and marketing strategies, regional development studies, social governance, and sustainable development. This proceedings volume, together with the conference, looks forward to sparking inspiration and promoting collaborations. This book will be of interest to researchers, academics, professionals, and policy makers in the field of economic management, public administration, and development studies. The 9th ICEMGD is held on September 26, 2025. It cooperates with Danubius University from Galati, Peking University, University of Lahore, and King's College London to hold symposiums worldwide.

Proceedings of the 9th International Conference on Economic Management and Green Development

India Studies in Business and Economics

This book showcases the work of Annapurna Pariwar, an NGO comprising six organizations, over the past 30 years and its impact on changing the lives of low-income working women with small businesses in the slums of Mumbai and Pune in the Indian state of Maharashtra. This group of six organizations together forms a social enterprise, established at a time of major changes in the Indian economy in the form of globalization and urbanization. The NGO set out to address issues of livelihood and poverty alleviation in slums. Adopting a path that was sustainable and did not depend upon grants, the journey is a fascinating account of learnings in organizational evolution and its impact on the lives of poor women.The book is divided into two parts. The first part has three chapters charting the journey of Annapurna Pariwar based on interviews with Medha Tai, the founder of Annapurna Pariwar. These chapters discuss milestones, organizational evolution, and challenges, especially demonetization and COVID-19. The lifecycle of the organization and of the women in the case studies are juxtaposed within the framework of financial, physical, sociocultural, and political spaces. The second part of the book contains analyses from well-known authors and academics who contextualize the relevance of Annapurna Pariwar’s work and future against microfinance, microinsurance, plus services, social entrepreneurship, digitization, and urban landscapes. The book thus contributes not only to the practice-field; it has several academic contributions as well for researchers studying social phenomena such as social entrepreneurship, microfinance, cooperatives, women empowerment, and women entrepreneurship. While doing so, it addresses SDGs such as SDG3, SDG5, SDG8, and SDG11. The book is for a wide audience, comprising social entrepreneurs in the field of social development, microfinance, and microinsurance. It is of relevance to business schools and educational institutions which offer courses on social entrepreneurship and development studies.

Three decades of India's Annapurna Pariwar

Building Pathways to Women’s Empowerment

Dangerous Guesswork In Economic Policy

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