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The prices of some products fluctuate dramatically, while others remain more constant. What accounts for these extreme differences? Renowned economist Truman F. Bewley investigates and elucidates this puzzling problem. Its crux, he argues, is that differentiated product prices are usually stable, whereas the prices of undifferentiated products - for which buyers can easily find comparable substitutes - are often volatile. Although product differentiation gives producers market power, this power alone does not guarantee price stability. There are nearly undifferentiated products whose producers have market power yet for which prices are unstable. Weakness of product differentiation makes it so advantageous for producers to compete on price that they do so and forego the benefits and stability of price collusion. Producers of truly differentiated goods prefer to compete on product performance rather than price and find that reducing prices during recessions does little to increase demand. Based on hundreds of interviews with businesspeople responsible for setting prices, Bewley's book is an unusual and groundbreaking work, with findings vital for economists, students, and policymakers.
In this compelling dialogue, two of the world's most influential thinkers reflect on the value of equality and debate what citizens and governments should do to narrow the gaps that separate us. Ranging across economics, philosophy, history, and current affairs, Thomas Piketty and Michael Sandel consider how far we have come in achieving greater equality. At the same time, they confront head-on the extreme divides that remain in wealth, income, power, and status nationally and globally. What can be done at a time of deep political instability and environmental crisis? Piketty and Sandel agree on much: more inclusive investment in health and education, higher progressive taxation, curbing the political power of the rich and the overreach of markets. But how far and how fast can we push? Should we prioritize material or social change? What are the prospects for any change at all with nationalist forces resurgent? How should the left relate to values like patriotism and local solidarity where they collide with the challenges of mass migration and global climate change? To see Piketty and Sandel grapple with these and other problems is to glimpse new possibilities for change and justice but also the stubborn truth that progress towards greater equality never comes quickly or without deep social conflict and political struggle.
Human societies have always been deeply interconnected with our ecosystems, but today those relationships are witnessing greater frictions, tensions, and harms than ever before. These harms mirror those experienced by marginalized groups across the planet.
When Sylvain Tesson left the colourful yellow houses of the French Riveria for a ski trek across the Alps with his friend Daniel du Lac, a high-altitude mountain guide, he didn't know what exactly would await him. Over the course of four years, from 2018 to 2021, they ascended high into the Alps in winter, following the curve of the mountains from the Mediterranean to the Adriatic, entering into a white world entirely of snow, bitterly cold and overlooked by an empty sky; only the effort of moving forward, one stride at a time, separated the days from one another. He thought he was venturing into beauty but he was immersing himself in a substance. In the White of the high Alps all is cancelled out - hopes, fears, memories and regrets. What did he stand to gain by inflicting this ordeal on himself? This was no ordinary mountain trek: it was communion with a substance. Perhaps his longtime dream of transforming travel into prayer would come true at last.
The Rich and the Poor is part chronicle, part analysis of a disturbing sea-change: the abandonment of ethics in public policy. Seventy years ago, it was possible for serious thinkers, including some in the governments of affluent nations, to consider policies for raising living standards worldwide. Today, by contrast, the principal policy questions revolve around how to stay on top in a dog-eat-dog world. Philip Kitcher, one of the world's most eminent philosophers, offers a new account of how ethics and politics should mix. The world needs to explore and reprioritize ethical questions, through inclusive deliberation that is both factually informed and mutually engaged with other perspectives. Achieving that end is hard, but without aspiring to it, we are likely to condemn our successors to lives of great hardship. Climate change demands global cooperation of a kind that can only be obtained by returning to ethical inquiry. The divorce between ethics and economics threatens disaster for all.
Find success and create organisational change by focusing on your own happiness and wellbeing Written by Lauri-Ann Ainsworth, CEO of the Richard Branson Centre of Entrepreneurship Caribbean, the region's foremost business accelerator, The Self-Love Mindset: Why Personal Wellbeing is the Ultimate Business Strategy shares a deeply personal journey, revealing how true success-both personal and professional-begins with self-love. Ainsworth believes that people are at the heart of every business. When individuals are empowered to love and care for themselves, that love naturally extends to the organization and even the community they serve. This book is about more than just professional success-it's about creating environments where people thrive because they feel seen, valued, and encouraged to be their best selves. The magic of The Self-Love Mindset lies in three core pillars: Love Yourself through Self-Care: When individuals take responsibility for their mental, physical, and spiritual well-being, they become more resilient. They can rise above daily stresses and challenges, fuelling themselves from within and bringing their best energy into the workplace - whether leading a team, running a business, or pursuing personal projects. Know Yourself through Self-Awareness: Self-awareness helps people uncover their inner strengths and understand the environment that allows them to thrive. When individuals align their strengths with their work, they not only improve their own performance but also create and contribute to a positive, collaborative company culture. Create Value by Being of Service: Extending self-love through service is how individuals create lasting value, whether in a team, business, or community. When driven by purpose, you contribute meaningfully, enriching both your own life and the lives of others. Ainsworth argues that businesses are only as strong as the people who power them. No matter the context, self-love and personal well-being are at the core of sustained success. When individuals take care of themselves, align their strengths with their work, and serve others, they create a foundation for success that transcends any specific role or career path. In today's rapidly changing world, the businesses that will excel are those that recognize the value of their people and foster a culture of self-love and well-being. It's not just about perks or compensation-it's about creating an environment where individuals feel empowered to be their authentic selves, where their personal growth is aligned with the growth of the organization. When people love themselves, that love extends to their work, the organization, and ultimately the community. This is the future of business success. The Self-Love Mindset is a blueprint for creating that change-showing that when people come first, business goals are not only met, they are exceeded. Empowering individuals to embrace self-love will be the game-changer that defines which organizations thrive in the next generation.
Branko Milanovic is best known as one of the world's leading experts on global inequality. But he is also an unusually wide-ranging and penetrating commentator on subjects across economics and beyond, in politics, history, and culture. This book brings together his most searching, provocative, and entertaining articles of recent years, providing an abundance of vital insights into the evolution and dynamics of the world under capitalism. The volume features important ideas about the struggle to achieve a more equal and prosperous world against not only the predictable forces of deregulation and distraction but new ideas about shrinking the economy to protect the environment. Further from Milanovic's speciality, readers will find an extraordinary array of reflections on subjects including migration, globalization, the politics and economics of Russia and China, the crisis of liberal democracy, economic and literary history, and the intellectual giants of economics. The pieces are united by Milanovic's distinctive voice - humane, wry, and realistic - and by remarkable erudition worn lightly whether the topic is the fall of Constantinople, Jane Austen, or the mores of contemporary soccer. No one can fail to learn from the book, while the sparkling prose, unexpected observations, and sheer importance of the subjects at hand make it a compelling read from start to finish.
A comprehensive, evidence-based pedagogical tool for Spanish teacher education An innovative resource written specifically for teacher education courses, Manual para la formación de profesores de español builds teachers' knowledge of key topics, constructs methods, and curriculum design and evaluation. Written entirely in Spanish, this indispensable volume prepares students in advanced undergraduate courses and graduate degree or certificate programs for a career in teaching Spanish in second language (L2), heritage language (HL), and mixed L2/HL environments at the primary, secondary, and university level. Written by experienced educators specializing in both the cognitive and social dimensions of learning and teaching Spanish, the Manual contains real-world insights and evidence-based approaches to teaching language. Divided into two parts, the text first covers the fundamental concepts and approaches to second/heritage language learning and teaching before applying these concepts to the teaching of reading, listening, speaking, and writing and to assessment. Designed to be comprehensible for students who identify as native, heritage or second language speakers of Spanish, each chapter in Manual para la formación de profesores de español: Summarizes current knowledge on how additional languages are learned and discusses the most effective ways to teach them;Covers practical aspects of Spanish language teaching, such as the role of implicit and explicit instruction - including input, classroom interaction, and materials preparation;Features useful tools that facilitate syllabus and class preparation, including summaries, keywords, further readings, discussion questions, and classroom-action research projects;Integrates comprehension, reflection, and application exercises to evaluate mastery of concepts for students of all levelsProvides a sociohistorical perspective necessary to understand current research and state-of-the-art practices at the primary, secondary, and university level. Manual para la formación de profesores de español is an ideal text for both pre-service and in-service Spanish teachers in teacher training courses as well as those in teacher certification programs.
As India has become increasingly central to global politics, the fate of Indian democracy has become a matter of urgent concern. In the early glow of newly Independent India, democracy seemed a miraculous if hard won achievement. In recent decades, the very possibility of Indian democracy has been subjected to the withering pessimism of post-colonial critique. Building on the insights of civil sphere theory, this volume charts a new path, demonstrating that predictions of the death of Indian democracy have been greatly exaggerated. In the face of the Congress's frailties and fractures and the BJP's authoritarian reach, the civil sphere in India has remained powerfully resilient. For all its imperfections, India's court system has continued to institutionalize rights of free speech and association and to protect the independence of free and fair elections. Within this protected space, and despite threats from big business and big government, print and digital media have continued to broadcast powerful critical interpretations, speaking truth to power at critical junctures in the development of contemporary India, most recently during the 2024 elections. The continued vitality of India's civil sphere has nourished the vast waves of anti-caste movements that have energized Indian politics, creating civil repairs that have pushed it closer to realizing the promises of its founders to become a more equal and less hierarchical society. A powerful demonstration of both the richness of civil sphere theory and the vitality of Indian democracy, The Indian Civil Sphere will be of interest to students and scholars in sociology, politics and Asian studies and to anyone interested in the politics of the world's largest democracy.
As India has become increasingly central to global politics, the fate of Indian democracy has become a matter of urgent concern. In the early glow of newly Independent India, democracy seemed a miraculous if hard won achievement. In recent decades, the very possibility of Indian democracy has been subjected to the withering pessimism of post-colonial critique. Building on the insights of civil sphere theory, this volume charts a new path, demonstrating that predictions of the death of Indian democracy have been greatly exaggerated. In the face of the Congress's frailties and fractures and the BJP's authoritarian reach, the civil sphere in India has remained powerfully resilient. For all its imperfections, India's court system has continued to institutionalize rights of free speech and association and to protect the independence of free and fair elections. Within this protected space, and despite threats from big business and big government, print and digital media have continued to broadcast powerful critical interpretations, speaking truth to power at critical junctures in the development of contemporary India, most recently during the 2024 elections. The continued vitality of India's civil sphere has nourished the vast waves of anti-caste movements that have energized Indian politics, creating civil repairs that have pushed it closer to realizing the promises of its founders to become a more equal and less hierarchical society. A powerful demonstration of both the richness of civil sphere theory and the vitality of Indian democracy, The Indian Civil Sphere will be of interest to students and scholars in sociology, politics and Asian studies and to anyone interested in the politics of the world's largest democracy.
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