Oxford University Press's
Academic Insights for the Thinking World
By Ashok Bardhan
Five years after the onset of the global financial crisis and the recession that followed, jobless growth seems to be the buzz-phrase for describing the economic landscape today; and even that ambiguously happy phrase refers to those economies that are growing.
By Richard S. Grossman
In the early 1600s, the King of Sweden declared that copper, along with silver, would serve as money. He did this because he owned lots of copper mines and thought that this policy would increase the public’s demand for copper—and also its price, making him much wealthier.
There are many mechanisms for raising capital — debt, derivatives, equity, high yield products, securitization, and repackaging – which fund and drive fund the economy. But as international financial markets move and shift as the world changes, regulations and legal frameworks must also adapt rapidly.
Eric Orts on business theory
Business is one of the most powerful and influential institutions in our world today, but there has been relatively little theoretical work from scholars…We sat down with Eric Orts, author of Business Persons, to discuss thinking critically about business institutions in a theoretical manner.
By Daniel B. Klein
I support a classical liberal worldview. I call to social democrats and conservatives alike: Be fair. Let us treat one another like fellow Smithians and come together in Adam Smith.
The debate over immigration policy is characterized by explosive rhetoric on both sides. Paul Collier, author of Exodus: How Migration is Changing Our World, discusses why liberals and conservatives both need to reassess their positions, and how we must find a middle ground based on sound data and research.
As you begin your university course in economics, you’re probably wondering just how your studies will intersect with the world outside the classroom. In the following adapted excerpt from Foundations of Economics, author Andrew Gillespie highlights the importance of studying economics.
What is the future of warfare? Counterinsurgency expert David Kilcullen’s fieldwork in supporting aid agencies, non-government organizations, and local communities in conflict and disaster-affected regions, has taken him from the mountains of Afghanistan to the cities of Syria. His experience in the last few years has led to new ways of thinking about the face of global conflict.
By Keith A. Bender and Ioannis Theodossiou
The 18th Century political economist, Adam Smith, wrote: ‘Workmen… when they are liberally paid by the piece, are very apt to overwork themselves and to ruin their health and constitution in a few years’
In a world of 9.1 billion people… where 61% of the world’s population lives in urban centers… primarily with coastal cities as magnets of growth… and the people within these cities becoming ever more connected… with mobile phones as tools for destruction…
By Francesco Avvisati, Marc Gurgand, Nina Guyon, and Eric Maurin
Problems of truancy, violence, and discipline can contribute to many schoolchildren in industrialized societies graduating from school without mastering basic skills.
By Deepak Nayyar
In the span of world history, the distinction between industrialized and developing economies, or rich and poor countries, is relatively recent. It surfaced in the last quarter of the nineteenth century. In fact, one thousand years ago, Asia, Africa and South America, taken together, accounted for more than 80% of world population and world income.
By Melissa Aronczyk
Since the US government shutdown last week, lawmakers and public commenters have been worrying about the massive costs to American taxpayers and the US economy. Previous government shutdowns in 1995 and 1996 cost us an estimated $2.1 billion in 2013 dollars.
By John Hendry
The word ‘management’ derives from the sixteenth century Italian maneggiare, to handle or control a horse. The application has been extended over the centuries from horses to weapons, boats, sportspeople and nowadays to people and affairs quite generally, but the connotation of control remains.
By Gayle Sulik
The iconic pink breast cancer awareness ribbon – once a consciousness-raising symbol—now functions primarily as a logo for the breast cancer brand.
By John Knight
China is not only soon likely to have the largest economy in the world but it also has the most fascinating because of the challenges that it has successfully met and the challenges that lie ahead for this semi-industrialised economy.