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Sundrum R. M.: Income Distribution in
Less Developed Countries

Income Distribution in Less Developed Countries

1. Introduction Part I: The Statistical Approach   2. Statistical Data on Income Distribution  3. Measurement of Income Inequality and Poverty 4. Cross Sectional Patterns of Income Distribution  5. Historical Changes in Income Distribution  6. Dynamics of Income Distribution Part II: The Analytical Framework   7. Introduction to Part II  8. Theories of Income Distribution  9. Income from Land: Land Distribution and Rent  10. Incomes from Labour: Wages and Employment  11. Incomes from Capital: Interest and Profits  12. The Structures of Production and Income Distribution  13. Conclusions of Part II  Part III: The Policy Implications   14. The Policy Objectives  15. Regulation of Markets 16. Redistributive Policies

Why the consequences of a prolonged period of weaker economic growth will be more profound than anyone dares to predictIn the heady progress of the post-war era, our lifestyles changed, our political systems adapted, and rapid economic growth became the model of every developed economy. But this prevailing consensus is falling apart around us. Growth is now, at best, no more than anaemic. Policymakers dream about an AI revolution and tweak their fiscal rules to accommodate a newly-austere economic reality but, all the while, government debt soars, financial markets become increasingly jittery, and voters lose trust in their politicians.Celebrated economist Stephen D. King asks how our politics will adapt to such persistently low growth. While leaders make fiscal promises based on a future that is unlikely to materialise, nationalism thrives, battlelines are drawn between perceived winners and losers, and the rules-based international order crumbles. The absence of growth triggers invidious political wrangling over tax, welfare, defence and infrastructure, intensifies competition for resources, and leads to social instability.King shows how our new world is governed by them-and-us divisions over limited economic spoils. This is the political economy of plunder.&nbsp;

Winners and Losers in the Low Growth Era

The Age of Plunder

Structuralism, Dependency Theory, and Sustainable Development Goals

Economics of Sustainable Growth

Why logical thinking is the key to a better life

Reason to Be Happy

Palgrave Studies in African and Development Economics

This book examines the rapid rise of ancient Rome and Qin to inform 21st century industrial development. It utilizes the concept of latecomer introduced in the 1950s by the political economist Alexander Gerschenkron, who used latecomer theory to explore the patterns of industrial development, with latecomers like Germany catching up with early movers like Great Britain. By extending this concept to the ancient world, the ways that Rome and Qin utilized militarization and political institutions to create advanced social and political systems are examined. It shows how this enabled them to catch up with and surpass the extant states of their time – in the case of Qin the other warring states in China, and in the case of Rome the extant states of the Mediterranean such as Greeks, Phoenicians/Carthaginians, and Etruscans.The eventual fall of Rome in the 5th century CE is contrasted with the experience of the state of Qin, which created a state model that endured for centuries, to show the benefits and limitations of different forms of rule and state systems. The Roman emphasis on monopoly power is seen to have limited broader Western development for centuries. This book takes the successes and failures of ancient civilizations and applies the lessons learned using the latecomer concept to the economic development challenges seen today.John A. Mathews
 is Professor Emeritus at Macquarie University, Sydney.

Latecomer Advantage Theory in an Extended Timeframe

Qin and Rome as Latecomers of the Ancient World

Economics is vital, but its labyrinth of equations can make it feel disconnected from the real world. Enter a powerful tool: the metaphor.From longtime economics journalist Peter Coy comes an approachable and fun guide to the metaphors that unlock its power. With nearly 500 alphabetized entries, complemented by playful illustrations, Economics Without Numbers demystifies concepts, exploring their origins, the truths they express, and where they fall short. The result is a delightful and original primer on economic ideas and history that's perfect for students and anyone who wants to understand what makes the world go 'round.Coy has spent decades collecting these vivid metaphors. From "trickle-down economics" (the idea that making the rich richer will help the poor) to "inductivist turkey" (a parable about the perils of assuming that a trend will persist without knowing its cause), Coy brings economics to life.

An A-to-Z Guide for the Rest of Us

Economics without Numbers

Public Policy

Global Public Policy Imperatives

An Evaluative System for Government, Public Services, and Social Investment

Value for Investment

Milton Friedman and Economic Debate in the United States

The fourth installment of the sweeping account of the most influential economist in modern times, focusing on his crossover into the public sphere. Milton Friedman is widely recognized as one of the most significant contributors to economics in the modern age. Yet no previous study has distilled Friedman's vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. Through his sweeping series on the most influential economist of the second half of the twentieth century, Edward Nelson closes this gap: Milton Friedman and EconomicDebate in the United States is the defining narrative on the famed public intellectual--the first to grapple comprehensively with Friedman's research output, economic framework, and legacy. Volume 4 of Nelson's intellectual and policy biography offers an exacting portrait of Friedman's career following his departure from the University of Chicago. Spanning 1977 to 1979, Nelson's narrative details Friedman's move to California and his greater immersion in public policy, including his project with Rose Friedman and television professionals to create a TV series giving his viewpoint. Nelson details the successes and failures of Friedman's years of extraordinary influence, including: <ul><li>His warnings about US inflation returning to double digits in 1979;</li><li>The changes in professional thinking in the US economics profession and policymaking toward acceptance of Friedman's view that inflation is a monetary phenomenon;</li><li>The rise of Paul Volcker to head of the Federal Reserve and his integration of monetarist ideas into US monetary policy;</li><li>Friedman's proposal to phase in a zero-tariff arrangement in the United States; </li><li>His role in the tax revolt of the 1970s--including his break with the emerging supply-side economics movement on the effects of tax cuts;</li><li>The second oil-price shock and Friedman's critique of the Carter Administration's energy policy;</li><li>The resilience after 1976 of Ronald Reagan's presidential ambitions and Friedman's 1979 endorsement of Reagan for president in the 1980 election.</li></ul>Drawing upon a large body of documentary sources, interviews with dozens of the people closest to Friedman, and his own expertise in Friedman's research area of monetary analysis, Nelson offers the definitive account of what proved to be pivotal years for Friedman and the field of economics.

Milton Friedman and Economic Debate in the United States, 1977-1979, Vol. 4

Capitalism for All

This handbook provides the first comparative account of the people who govern from the heart of the executive branch: executive politicians, advisers, and senior bureaucrats, together understood as the ‘Executive Triangle’ of modern political systems.
 
 Utilising a unique dataset of over 7,000 individual career profiles from more than 700 executive institutions, including ministries, prime ministerial, presidential and government offices, across 34 political systems worldwide, it explores patterns of elite recruitment, gender representation, educational attainment and expertise, career advancement, and politicisation within the executive triangle. In doing so, the book sheds light on several important themes, including gender distribution in politico-administrative elite positions, the competence and expertise of executive elites, their career trajectories, and how politicised they are. These questions are especially pressing in an age of complex ‘polycrisis’ and a global trend of democratic recession that demands responsive, resilient and effective executive leadership.
 
 The book will serve as an authoritative guide for scholars and students of public administration and comparative politics, as well as a valuable resource for practitioners and policymakers.
 Jan-Hinrik Meyer-Sahling
 is Sir Francis Hill Professor of Political Science at the School of Politics and International Relations, University of Nottingham, UK.
 Tom Bellens
 is Postdoctoral Fellow in Computational Political Science at the University of Antwerp, Belgium.&nbsp;
 Anne Bellon
 is Associate Professor of Political Sociology at École Polytechnique, IP Paris, France.&nbsp;
 Levent Demirelli
 is Associate Professor at the Department of Political Science and Public Administration, Istanbul Beykent University, Türkiye. &nbsp;
 Pierre Squevin
 is Assistant Professor at the European School of Political and Social Sciences (ESPOL), Université Catholique de Lille, France.
 Fanni Tóth
 is Career Development Fellow in Comparative Politics at the School of Government and International Affairs, Durham University, UK.
 Sylvia Veit
 is Professor of Public Administration and Digital Government at Helmut Schmidt University, Germany.
 Kutsal Yeşilkagit
 is Professor of International Governance at the Institute of Public Administration, Leiden University, the Netherlands.

The Palgrave Handbook of Careers in the Executive Triangle of Government

Introduces a data-driven framework for measuring governance through a fourteen-component Macro-Governance Index, demonstrating its strong predictive power for national development outcomes and offering practical tools to diagnose governance gaps and guide policy interventions.
Every year, governments borrow trillions, spend billions on development programs, and publish volumes of economic statistics-yet no widely accepted framework exists for answering a deceptively simple question: is governance actually working? Traditional approaches rely on subjective expert assessments or narrowly focused indices that measure inputs rather than outcomes. Macro-Governance Theory proposes that governance can be measured with the same empirical rigor we bring to medicine, engineering, and economics-and that doing so is essential if citizens and policymakers are to hold institutions accountable for results. 

Drawing on 26 years of publicly available data across 170 countries, the book constructs the Macro-Governance Index (MGI)-a fourteen-component composite spanning infrastructure, connectivity, financial inclusion, human capital, security, institutional quality, and economic integration. The MGI correlates with the UN Human Development Index at r = 0.97, and this relationship is not driven by income alone: controlling for GNI, the framework retains substantial independent predictive power, confirming that governance infrastructure-not just wealth-determines whether nations deliver well-being to their citizens. 

The book reveals patterns that conventional measures miss. Novel metrics for credit access and household-level financial reach show that the effective economic gap between the Global North and Sub-Saharan Africa is approximately 70× rather than the 53× that standard income comparisons suggest-a hidden disparity with profound implications for development policy. A governance simulation framework models how investments in one dimension cascade through others, enabling policymakers to identify the highest-leverage interventions for their country's specific development stage. 

Seven detailed case studies-Singapore, Rwanda, Estonia, Botswana, Chile, Costa Rica, and Lebanon-demonstrate how the framework diagnoses governance strengths and weaknesses in practice. An analysis of the ten fastest-rising nations reveals that while successful governance strategies differ radically across political systems, they share common patterns in infrastructure sequencing and institutional development that the MGI captures and quantifies. 

Designed for dual utility, the book serves as an analytical framework for researchers and policymakers and as an accessible assessment tool for citizens through the companion website grademygovernment.com. A full reproducibility dataset covering all 170 countries across seven benchmark years is included, making this not just an argument for governance science but its working prototype.

A Data-Driven Framework for Measuring and Improving Governance Across Nations

Macro-Governance Theory

Should we give up privacy to fight disease, for national security, or to help train AI systems? Recent crises, from the Covid-19 pandemic to the Russian invasion of Ukraine, from Gaza and Afghanistan to the seemingly unstoppable rise of AI, have put privacy under severe pressure. Privacy in Crisis argues the opposite: these crises show that privacy needs to be protected even more. Privacy in Crisis looks at vital current issues: at political manipulation and misinformation, government surveillance, racial tension, hybrid and cyberwarfare (and real wars, such as those in Ukraine and Gaza), the overwhelming power of the internet giants, and surveillance society, and how interference with privacy is key in all of them. It shows how specific crises bring many of these issues together in perfect storms of privacy invasion. The different threats to our privacy revealed by these crises tell parallel stories and are inextricably linked. There are common themes and common technologies - the threats involve the same data, the same profiling systems and the same approaches. In many cases the systems are run or owned by the same small set of companies, controlled by the same few people. Addressing them is difficult but possible - this essential book outlines how.

Law and Policy in Times of Extremism, Pandemics, and War

Privacy in Crisis

Income Distribution in Less Developed Countries

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