In The Theory of Value, Capital and Interest, Branko Horvat puts forward a new economic theory, relevant to real-world economics. This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.
Although it is commonly assumed that consumers benefit from the application of competition law, this is not necessarily always the case. Economic efficiency is paramount; thus, competition law in Europe and antitrust law in the United States are designed primarily to protect business competitors (and in Europe to promote market integration), and it is only incidentally that such law may also serve to protect consumers. That is the essential starting point of this penetrating critique. The author explores the extent to which US antitrust law and EC competition law adequately safeguard consumer interests. Specifically, he shows how the two jurisdictions have gone about evaluating collusive practices, abusive conduct by dominant firms and merger activity, and how the policies thus formed have impacted upon the promotion of consumer interests. He argues that unless consumer interests are directly and specifically addressed in the assessment process, maximization of consumer welfare is not sufficiently achieved. Using rigorous analysis he develops legal arguments that can accomplish such goals as the following: - replace the economic theory of 'consumer welfare' with a principle of consumer well-being; - build consumer benefits into specific areas of competition policy; - assess competition cases so that income distribution effects are more beneficial to consumers; and - control mergers in such a way that efficiencies are passed directly to consumers. The author argues that, in the last analysis, the promotion of consumer well-being should be the sole or at least the primary goal of any antitrust regime. Lawyers and scholars interested in the application and development and reform of competition law and policy will welcome this book. They will find not only a fresh approach to interpretation and practice in their field - comparing and contrasting two major systems of competition law - but also an extremely lucid analysis of the various economic arguments used to highlight the consumer welfare enhancing or welfare reducing effects of business practices.
<b>A lavish two-volume collector's edition of the history of the America's Cup</b> <ul> <li>The ultimate history of sailing's most enigmatic and greatest prize <li>Beautifully presented in two large volumes in a slipcase <li>Illustrated with paintings and plans from the early years and dramatic photography from the modern era </ul> <p> This stunning book forms the definitive history of the longest continuously competed international sporting event. Each of these majestic tomes leads the reader on a unique journey through the excitement, intrigue, innovation and excess that have been the hallmarks of the America's Cup. <p> The first volume chronicles the Cup from the start of the competition in 1851 through to 1967. Bob Fisher has left no stone unturned in producing an objective and authoritative account of each event. The evolution of the America's Cup is carefully tracked, with the characters, the designs and the races themselves all sharing centre stage. Just as boat speed must be combined with tactical skill to succeed on the water, so scholarship and carefully crafted prose are united in this exceptional work. <p> The second volume follows the extraordinary events between 1970 and 2003. There's the inside story on the court cases and personality clashes as well as the cutting edge designs and thrilling battles between the world's greatest sailors. The tale is told up to the 32rd America's Cup which marked the end of an era and the returning of the cup to Europe for the first time in 152 years. <p> <i>An Absorbing Interest</i> is fully illustrated and includes paintings and artwork that recorded the action of the first cups as well as some of the finest photography from subsequent years. It all combines to create an achievement that is breathtaking in both its breadth and detail. The two volumes, each of more than 260 pages, are presented in an elegant cloth-bound slip case, making this a work that will be treasured for generations to come.
A Flight with the Swallows By Emma Marshall
Modern adult life revolves around monumental purchases such as a house, a car, and a deluge of other items that almost universally require entering a formal interest bearing debt obligation. As such, understanding the governing mathematical equations that dictate these interest bearing debts is critical to a practical education. This book intends to provide a basic mathematical understanding of the underlying rules of interest bearing debt taking no prior understanding of mathematics for granted. This book is tailored to take the student all the way from addition to continuous compounding interest in the least painful and most efficient path possible. The mathematics of interest is not a hard subject and I prove this through an easy to read and obvious approach. I have written this book with the following type of reader in mind; The fresh on their own young adult entering a world of credit cards and student loans, The new home buyer bewildered by the fast and seemingly secret world of interest bearing loans, The debtor well above their head in obligations who would like to know why they never seem to pay off their debt by paying the minimum payment. It is my sincerest hope that this book helps you with your needs.
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