Financial markets across the Arabian Peninsula have gone from being small, quasi-medieval structures in the 1960s to large world-class groupings of financial institutions. This evolution has been fuel
This volume brings together a series of studies by Professor Blomquist on the evolution of banking in Lucca from the 12th and 13th centuries. They describe how the leading bankers operated, how they i
Offering the first close study of the ʿAqila, a group collectively liable for blood money payments on behalf of a member who committed an accidental homicide, Nurit Tsafrir analyses the group's transformation from a pre-Islamic custom to an institution of the Shari'a, and its further evolution through medieval and post medieval Islamic law and society. Having been an essential factor in the maintenance of social order within Muslim societies, the ʿAqila is the intersection between legal theory and practice, between Islamic law and religion, and between Islamic law and the state. Tracing the history of the ʿAqila, this study reveals how religious values, state considerations and social organization have participated in shaping and reshaping this central institution, which still concerns contemporary Muslim scholars.
This study examines the mid-twentieth-century evolution of popular music into a cultural movement in the United States. The author argues that a series of disputes in the music industry led to the ass
Engage with a new vision of Buddhism and the modern world with the bestselling author of Money Sex War Karma: Notes for a Buddhist Revolution.David R. Loy addresses head-on the most pressing issues of
Two and a half centuries after the American Revolution the United States stands as one of the greatest powers on earth and the undoubted leader of the western hemisphere. This stupendous evolution was
Chinese Money in Global Context: Historic Junctures Between 600 BC and 2012 offers a groundbreaking interpretation of the Chinese monetary system's evolution. Focusing on pivotal moments in history, a
This startlingly original (and sure to be controversial) account of the evolution of Christianity shows that the economics of religion has little to do with counting the money in the collection baske
This book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The agents use these regularities as informational devices to supplement the information contained in competitive prices. The final chapter explores the applicability of this theory, first by relating it to previous work on the theory of teams, hierarchies, and non-maximizing decision theory, and then by
Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. The Monetary Policy of the Federal Reserve explains in a straightforward way the emergence and nature of the modern, inflation-targeting central
This 1991 book provides a brief yet detailed account of the ideal way of life prescribed for Buddhist monks and nuns in the Pali texts of the Theravada school of Buddhism. The author describes the way in which the Buddha's disciples institutionalized his teachings about such things as food, dress, money, chastity, solitude and discipleship. This tradition represents an ideal of religious life that has been followed in South and Southeast Asia for over two thousand years. In previous writing on the early period of Buddhist monasticism, scholars have usually tried to give an historical account of the evolution of the monastic order, and so have seen the extant Vinaya texts as coming from distinct historical periods. This book takes a different approach by presenting a synchronic account, which allows the author to show that sources are in fact predominantly consistent and coherent.
Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Kor
Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Kor
China's rise as the world's second-largest economy surely is the most dramatic development in the global economy since the year 2000. But China's prominence in the global economy is hardly new. Since 500 BCE, a dynamic market economy and the establishment of an enduring imperial state fostered precocious economic growth. Yet Chinese society and government featured distinctive institutions that generated unique patterns of economic development. The six chapters of Part I of this volume trace the forms of livelihood, organization of production and exchange, the role of the state in economic development, the evolution of market institutions, and the emergence of trans-Eurasian trade from antiquity to 1000 CE. Part II, in twelve thematic chapters, spans the late imperial period from 1000 to 1800 and surveys diverse fields of economic history, including environment, demography, rural and urban development, factor markets, law, money, finance, philosophy, political economy, foreign trade, hu
Shows that a nation's success largely depends on the way it manages its money. But where do money and politics meet? From 1700 to the present day, the author offers an analysis of the evolution of tod
The 2007-2010 Global Financial Crisis has reshuffled the cards for central banks throughout the world. In the wake of the biggest crisis since the Great Depression, this volume traces the evolution of
Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of cap
Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of cap
The inspiring novels that have left a significant mark on the world of literature and popular culture.Before the novel, the world of books was dominated by scientific tomes, religious tracts and histories of the victorious in war. There had been stories and epic poems from ancient times - Homer's Iliad and Odyssey recounted ancient Greece, and Sir Gawain and the Green Knight was a chivalric romance in Middle English, but it was not until the seventeenth century, when the European middle classes had money and leisure, that anything so frivolous as a novel could be sold for entertainment.Colin Salter traces the evolution of the novel from the earliest examples through to the postmodernist best-sellers of the 21st century. Rather than dwelling too long on the technical nuances of innovative writing style he has amassed 100 of the greatest novel writers and chosen their most significant work.For writers such as Herman Melville, James Joyce or Harper Lee the decision is not a difficult one.
Get a handle on disruption, innovation and opportunity in investment technology The digital evolution is enabling the creation of sophisticated software solutions that make money management more acces
