Product Description: The essays included in this volume seek to provide an understanding of the key issues that should be kept in mind in reforming and modernizing financial systems. They also explore various policy proposals for the development of an institutional framework which will ensure the safety of the payment system, the competitive nature of financial services forms and the incentive for prudent risk taking and sound portfolio investments...read more

Product Description: The S&L crisis of the 1990s has given many a reason to review the events which led to a (in many ways) similar banking crisis sixty years ago, and the subsequent legislation of the Emergency Banking Act, the Banking Act of 1933, the Banking Act of 1935, and other related legislation...read more

Product Description: The 1980s witnessed an unprecedented rise in inequality and poverty in the USA, despite a sustained expansion, which raises concerns about the appropriate policy actions needed to offset it. The papers collected in this volume explore the differing aspects of this problem such as the shrinkage of the middle class, the growing intergenerational wealth gap, the widening of the earnings gap between the college-educated and the high-school graduate, and the increasing dispersion of the distribution of family income, despite the increased labor force participation of women...read more

Product Description: The papers drawn together in this book seek to make a contribution to an important area in economics: the study of profit. Business accounting defines profits as the excess of total revenue minus total costs. On the other hand, in economic theory profits have been variously defined on the basis of what is being measured and for what purpose, i...read more