• Business, Economics & Law

      The Future of Finance

      The LSE Report

      by Adair Turner

      In the aftermath of the financial crash of 2008‐9 much has been written about reforming the world financial system. But it is rarely based on an in‐depth analysis of the underlying weaknesses within the system. Nor does it usually tackle the key question of what a financial system is for. This book corrects this state of affairs. It is the result of the work of the Future of Finance Group – British academics, financiers, journalists and officials from the Financial Services Authority, the Bank of England and the Treasury. They met twelve times, for what many of those present described as the best and most searching discussions they had ever participated in. The issues at stake are extraordinarily difficult and profound. The central question is: what is the financial system for? Standard texts list five main functions –but if we study how financial companies really make their money, it is extraordinarily difficult to see how closely this corresponds to the textbooks, and it is also difficult to explain why the rewards are so high and why the system is prone to boom and bust. To answer these questions much of the abstract theory of finance has to be abandoned in favour of a more realistic model of how the different agents actually behave. Central to this is opacity and asymmetric information, combined with short‐term performance‐related pay. While the book acknowledges the benefits brought by the spread of financial innovation and the creation of new, complex financial instruments, the authors on balance come down in favour of a radically simplified and slimmer financial system. They describe the necessary international regulatory and institutional reforms and argue strongly that only a worldwide system of regulation embodied in a worldwide treaty organisation, like the WTO, could have a chance of successfully implementing the necessary changes.

    • Law
      September 2014

      You & the Law in Spain (2015 Edition)

      The complete and readable guide to Spanish Law for foreigners

      by David Searl

      With this information-packed new edition You & the Law in Spain celebrates some thirty years of helping foreigners navigate the minefield of Spanish law. The book is designed to serve the tens of thousands of foreigners who take up residence or buy a holiday home in Spain every year, even in these recessionary times. According to official estimates almost two millions foreigners own property in Spain and more than four million hold residence and work permits meaning that Spain is their real home. All these residents and property owners are confronted with an unfamiliar legal system and a language that they do not usually speak. This book is not a substitute for a lawyer or a tax accountant but will enable the user to ask his or her lawyer or tax accountant the right questions and to understand the answers. In line with readers feedback the book is divided into five key content areas which have reflected users’ information needs over the years, namely, Moving to Spain, Living in Spain Property in Spain You and Your Money in Spain On the Road in Spain Community of Property Owners and each new edition contains a "Changes" feature which facilitates access to the new pieces of legislation that have come into being since the previous edition. Prominent among these for 2015 are • Obligation to declare foreign assets on Form 720 • Non-Spanish 'lifetime' driving permits to be invalidated • Rental property to be registered as a 'tourist let' for tax purposes • Tax reform foresees a reduction in Income Tax and Capital Gains Tax • Revised Horizontal Law allows closure of terraces • Bank restitution is made possible for overpayment of mortgages With half the first print-run of this 23rd Edition already sold, You & the Law in Spain looks set to continue its unchallenged reign as the premier reference work for anyone with a stake in Spain. Author's Note: David Searl moved from his native America to Spain more than thirty years ago and has been writing, lecturing and broadcasting on legal matters during that period.

    • Business, Economics & Law

      Housing: Where's the Plan?

      by Kate Barker

      Housing is a fundamental necessity, and yet we have a ‘housing crisis’ in the UK. The housing market has worked well for many people (who have enjoyed the steeply rising values of their homes) which is why change, especially new building, is resisted. But for increasing numbers of people home ownership is out of reach. Government finds it easier to introduce short-term policies that are not really effective and so the long-term issues are never resolved. Reforms are urgently needed. This short book provides some answers, concluding with a list of policy recommendations and success criteria which would go far to improve the opportunities for families to be served better by the market. Along the way a number of myths are identified – either facts about the housing market or quick-fix solutions to the problems – that the author argues are mistaken.

    • Business, Economics & Law

      Identity is the New Money

      by David Birch

      This book argues that identity and money are both changing profoundly. Because of technological change the two trends are converging so that all that we need for transacting will be our identities captured in the unique record of our online social contacts. Social networks and mobile phones are the key technologies. They will enable the building of an identity infrastructure that can enhance both privacy and security – there is no trade-off. The long-term consequences of these changes are impossible to predict, partly because how they take shape will depend on how companies (probably not banks) take advantage of business opportunities to deliver transaction services. But one prediction made here is that cash will soon be redundant – and a good thing too. In its place we will see a proliferation of new digital currencies.

    • Business, Economics & Law

      The BRIC Road to Growth

      by Jim O'Neill

      The idea that Brazil, Russia, India and China (the ‘BRICs’) are the rising stars of the world economy should by now be widely accepted. However, Jim O’Neill shows that this is not the case. The ‘old’ developed nations have not adjusted to the new world order as they struggle with the legacy of the financial crisis. The BRICs and others (the ‘MINT’ countries) have already ‘emerged’ as economic powers. This requires rapid adjustment in economic policies and especially global economic institutions. This book makes a strong case for a radical overhaul of global economic governance to put these powerful new economies at the heart of decision-making. The author argues that, while the new growth economies still have significant policy adjustments to make, it is also essential for old-world economies to learn from them too and to accept the new order. He looks at the roles of China, Korea and Africa and at the scale of South-South trade. What does all this mean for the EU and for the UK in particular? How should the world engage with the new economic powerhouses?

    • Business, Economics & Law

      Rediscovering Growth

      After the Crisis

      by Andrew Sentance

      The difficult economic climate in Europe and the US since the financial crisis is set to continue as the 'new normal', despite frantic efforts to stimulate growth. The long phase of expansion that lasted from the 1980s until 2008 was driven by easy money, cheap imports and confidence - all gone. And the shift of geopolitical power to Asia is permanent. This does not mean that Western economies are inevitably condemned to 'lost decades' ahead. They can rediscover productivity and growth - but governments face formidable political obstacles to the reforms this would require.

    • Business, Economics & Law

      Why Fight Poverty?

      by Julia Unwin

      Poverty, and calls to end it, date back centuries. Even in prosperous modern times, despite the huge transformation of society, poverty has persisted. The challenge is getting harder because of more recent changes in society such as the social chasm between poor people and the rest, changing family structures and changing community patterns - and because of the negative emotions and stories about poverty. The recent crisis seems set to leave us with a very different economy in which some may never work. This book looks back at the struggle to end poverty and asks if it is worth it. What would a poverty free country be like?

    • Business, Economics & Law

      Reinventing London

      by Bridget Rosewell

      London has enjoyed an extraordinary period of growth in the past generation, symbolised by the towers of Canary Wharf built on the skeleton of the old docks. Finance was at the heart of this, but London's economy is already reinventing itself after the financial crisis. Success will depend on several factors that must go together: growing service sectors in addition to finance; making it possible for the people who work in London to live there in pleasant and affordable surroundings; and investing in communications and transport links. This must include an early decision on airport investment to improve global links, given that the capital's main airport is full to capacity - where the extra capacity is located is less important than starting work on expansion as soon as possible.

    • Business, Economics & Law

      The Post-growth Project

      How the End of Economic Growth Could Bring a Fairer and Happier Society

      by Ray Cunningham and John Blewitt

      This book challenges the assumption that it is bad news when the economy doesn’t grow. For decades, it has been widely recognised that there are ecological limits to continuing economic growth and that different ways of living, working and organising our economies are urgently required. This urgency has increased since the financial crash of 2007-2008 - but mainstream economists and politicians are unable to think differently. The authors demonstrate why our economic system demands ecologically unsustainable growth and the pursuit of more ‘stuff’. They believe that what matters is quality, not quantity - a better life based on having fewer material possessions, less production and less work. Such a way of life will emphasize well-being, community, security, and what Ivan Illich rightly called ‘conviviality’. That is, more real wealth. The book will therefore appeal to everyone curious as to how a new post-growth economics can be conceived and enacted. It will be of particular interest to policy makers, politicians, business people, trade unionists, academics, students, journalists and a wide range of people working in the not for profit sector. All of the contributors are leading thinkers on Green issues and members of the new think tank Green House.

    • Business, Economics & Law

      The Itinerant Economist

      Memoirs of a Dismal Scientist

      by Russell Jones

      Economists and bankers have long been much maligned individuals; but never more so than in the wake of the Global Financial Crisis. Working as an economist for various financial institutions for more than 25 years Russell Jones had a foot in both camps. He plied his trade in a number of global financial centres, including London, Tokyo, Sydney, New York and Abu Dhabi - experiencing at first hand the extraordinary ebb and flow of an industry that came to exert a disproportionate influence on the lives of almost everyone on the planet. This is the story of his journey. Along the way, he met some remarkable people, witnessed dramatic shifts in the balance of global economic and political power, explored in detail the labyrinthine complexities involved in managing modern day macroeconomies, and observed all the arrogance, hubris and day-to-day absurdities of an industry that was allowed to run out of control. It was quite a ride and not one without its moments of pathos and humour. The author’s clarity of explanation, candour and honesty are refreshingly different. For anyone interested in the reality of economics and ‘high’ finance, this is a fascinating read.

    • Business, Economics & Law

      Diseased, Douched and Doctored

      Thermal Springs, Spa Doctors and Rheumatic Diseases

      by Roger Rolls

      For centuries, many people have been convinced of the healing nature of hot mineral springs. The Romans constructed elaborate bathing facilities throughout their empire to utilise these waters. Immersion was reputed to cure a large variety of illnesses, including such diverse conditions as paralysis, forgetfulness, sciatica and leprosy. The profusion of infirm and disabled visitors seeking relief in the waters attracted an assortment of practitioners and spas became thriving medical marketplaces. By focusing on Britain's premier spa at Bath, this book examines how and why ‘taking the waters’ was regarded as an efficacious therapy by both patients and practitioners; and how and why Bath’s Mineral Water Hospital, one of the earliest voluntary hospitals to be established in the UK, ultimately became a world-renowned centre for the study and treatment of rheumatic diseases. In recent decades, the medical profession has largely forsaken its interest in spas. So is there any scientific evidence that drinking or bathing in hot mineral waters has a therapeutic effect, or is it just a glorified placebo? Read this book and discover the answer, and a great deal more.

    • Business, Economics & Law

      What's the Use of Economics?

      Teaching the Dismal Science After the Crisis

      by Diane Coyle

      With the financial crisis still continuing after five years, many economists, as well as people outside the profession, are questioning why economics failed to either send an adequate early warning ahead of the crisis or to resolve it quickly. The gap between important real-word problems and the workhorse mathematical model-based economics being taught to students has become a chasm. Students continue to be taught as if not much has changed in since the crisis, as there is no consensus about how to change the curriculum. Meanwhile employer discontent with the knowledge and skills of their graduate economist recruits has been growing. This book examines what economists need to bring to their jobs, and the way in which economics education in universities could be improved to fit them better for the real world. It is based on an international conference in February 2012, sponsored by the UK Government Economic Service and the Bank of England, which brought employers and academics together. Three themes emerged: the narrow range of skills and knowledge demonstrated by graduates; the need for reform of the content of the courses they are taught; and the barriers to curriculum reform. While some issues remain unresolved (particularly with regard to the teaching of macroeconomics) there was strong agreement on such key issues as the strengthening of economic history, the teaching of inductive as well as deductive reasoning, critical evaluation and communication skills; and a better alignment of lecturers’ incentives with the needs of their students.

    • Business, Economics & Law

      The Rise of the Reluctant Innovator

      by Ken Banks

      Despite the tens of billions spent each year in international aid, some of the most promising and exciting social innovations and businesses have come about by chance. Many of the people behind them didn't consciously set out to solve anything, but they did. Welcome to the world of the "reluctant innovator". The Rise of the Reluctant Innovator fills a much-needed gap in the social innovation/social entrepreneurship book market. It highlights the personal stories of ten social innovators from around the world. Ten social innovators - ordinary people - who randomly stumbled across problems, injustices and wrongs and, armed with little more than determination and belief, decided not to turn their backs but to dedicate their lives to solving them. Take Laura Stachel for instance. After watching local doctors and midwives struggle to treat critically ill pregnant women in near-total darkness on a Nigerian maternity ward, where an untimely power cut can mean the difference between life and death, she develops an innovative solar-based solution that considerably enhances survival prospects. A serious head injury threatens to derail Shelly Burton’s sporting and academic ambitions, but a series of serendipitous encounters lead her inexorably towards an enterprise that transforms countless lives, including her own. Intending to ground himself in the realities of global health during his internship in Malawi, Josh Nesbit discovers that it is hard to sit on the sidelines and soon finds himself proposing a mobile technology solution to overcome the difficulty of connecting patients, community health workers and hospitals in rural areas. This is an inspiring book for innovators, entrepreneurs and anyone interested in the sharp end of development work – be they students, practitioners or policy-makers.

    • Business, Economics & Law
      August 2014

      New Developments In The Financial Industry

      by SourceMedia

      New Developments In The Financial Industry is a compilation of new findings and initiatives undertaken by financial professionals and highlights the resulting effect on their respect companies. This edition covers paramount topics such as fraud protection; expansion by venturing into markets abroad; social media strategies to market and grow the audience of one's firm; and also implementing and adding cloud computing to a firm's technological growth.Also included in this edition are interviews of accomplished financial professionals from small to large firms; and case studies detailing insights into new strategy developments within the financial industry.

    • Business, Economics & Law
      December 2012

      Corporate Skills

      by Prof. Shrikant Prasoon

      In this book an attempt has been made to present the famed tales of Vikram and Vetala with focus on their underlying wisdom and explicating them step-by-step to distil that wisdom for the benefit of solving puzzles faced by individuals, organisations and corporates in their day-to-day existence. In fact the full play of all management theories can be witnessed in the tales without clothing them in technical jargons. As far as the treatment of the tales in this book is concerned, the 25 stories are structured uniquely. In the first place, the reader gets a glimpse of the basic story with all its punch and then he is guided to a corporate insight where a core management issue illuminating the story is explicated suitably. Again the story is analysed in the context of universal appeal and relevance in everyday life and concludes with a quote of wisdom. So, every tale stirs the reader's imagination and intelligence to a new plane and transforms him into mature and jubilant individual.

    • Business, Economics & Law
      December 2005

      Recht und Praxis der GEMA

      Handbuch und Kommentar

      by Reinhold Kreile, Jürgen Becker, Karl Riesenhuber

      The book is a novelty. For the first time the fundamentals of the performance activities of the German Society for Musical Performing Rights and Mechanical Reproduction Rights (GEMA) will be comprehensively presented, expertly explained and scientifically fathomed. In addition to the historical and legal basics, this especially concerns the presentation and elucidation of GEMA's "internal rules": The statutes, authorisation agreement and the plan of distribution. An overview concerning the practice of licensing will also be provided. Such a presentation has long since been a sought-after reference factor of practice and science. The reference work should provide those individuals entitled as well as users, supervisory authorities and courts - but also scholars - reliable information concerning the performance activity, and thus contribute to transparency. ;

    • Business, Economics & Law
      October 2017

      Wohin steuert die deutsche Automobilindustrie?

      by Willi Diez

      In dem Buch geht es sowohl um die Frage, welchen Herausforderungen sich die deutschen Automobilhersteller wie auch der Automobilstandort Deutschland in Zukunft gegenüber stehen.In der überarbeiteten Neuauflage steht nun vor allem die empirisch abgesicherte Darstellung und Analyse der strategischen Handlungsfelder im Vordergrund. ;

    • Business, Economics & Law
      October 2016

      Glücksspiel

      Ökonomie, Recht, Sucht

      by Ihno Gebhardt

      The new Edition takes into account the new legal situation concerning the German gambling industry. Renowned scientists and practitioners comprehensively analyze the gambling sector in Europe, the USA, the People's Republic of China, Taiwan and Hong Kong, Macauand other Asian regions. ;

    • Business, Economics & Law
      September 2016

      Die ausländische Strafrechtswissenschaft in Selbstdarstellungen

      Die internationale Rezeption des deutschen Strafrechts

      by Eric Hilgendorf

      The planned anthology will compile the autobiographies of colleagues abroad who have served in an exemplary way to promote collaboration with the science of German criminal law. ;

    • Law
      May 2016

      National Law Review

      by National Law Review

      Hourly updates of legal news and analysis written by America's premier law firms and legal thought leaders.

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