Elusive Capital

Offering a fresh analysis of late imperial China, this cutting-edge book revisits the roles played by merchant networks, economic institutions, and business practices in the divergence between Europe and China during the trade revolution. Focusing on the operating modes of three major regional trading networks active in Fujian, Huizhou, and Shanxi from the sixteenth to the nineteenth centuries, François Gipouloux assesses the driving forces behind their dynamism, the role they played in Chinese economic development, and the constraints in which they were embedded. Examining merchants' business practices, partnerships, and investment strategies, chapters portray the three central figures of China's economy - the financier, the middleman, and the business entrepreneur - and their complex relationships with the imperial bureaucracy. By analysing the divergent trajectory of seemingly identical institutions in China and Europe, Elusive Capital takes a comparative approach to shed light on the factors that inhibited the transformation of commercial development into an industrial revolution, ultimately discovering why capital accumulation proved so elusive in late imperial China. Revealing novel insights from primary documentation including trial accounts, Elusive Capital will prove an invigorating read for students and scholars of economic history, business studies and Asian urban and regional studies

Offering a fresh analysis of late imperial China, this cutting-edge book revisits the roles played by merchant networks, economic institutions, and business practices in the divergence between Europe and China during the trade revolution.

Corporate Finance provides coverage in a more concrete and problem-based approach than other books on the market. Robert J. Rhee distinguishes this casebook from other fine books in the field in a number of important ways. This book is interdisciplinary in nature, providing essential coverage of the basic concepts of accounting and finance needed for a business lawyer to understand the economics of the transaction. Additionally, the text facilitates ease of learning and teaching, avoiding excerpting technically dense academic writings in finance and economics, which can intimidate students and teachers. It further provides a basic understanding of financial instruments to prepare students for corporate practice, including many examples of actual financial contract terms and other transactional documents taken from various sources. Features: In depth coverage of accounting, finance, valuation, and capital markets in an accessible manner Inclusion of transactional documents and focus on financial contracts Generous use of graphics, tables, and charts to organize and convey complex information Accessibility of materials Business school-style case studies at the end of some chapters

Contemporary Methods and Austrian Economics, examines the relationship between Austrian economics and these new social scientific methods.

This book is a continuation of Corporate Law and the Theory of the Firm: Reconstructing Corporations, Shareholders, Directors, Owners, and Investors. The author extends his analysis of contract law, property law, agency law, trust law, and corporate statutory law and applies that analysis to defy conventional concepts and theories in economics, finance, investment, and accounting and expose the artificial boundaries established by decades of research founded on indefensible assumptions and fallacious conclusions. Using the Humpty Dumpty principle, where words mean what the authors want them to mean, economists have created "strange new worlds" where contract law, property law, agency law, and corporate statutory law no longer apply. The author dismantles the theory of the firm by proving the theory of the firm wilfully and intentionally ignores fundamental contract law, property law, agency law, and corporate statutory law. Contrary to the theory of the firm, shareholders do not own corporations, directors are not agents of shareholders, and shareholders are not investors in corporations. The author proves that by property law and corporate law, capital is not privately owned by capitalists but by corporations. Entire economic and social systems have been constructed that have no basis in law. With the advent of publicly traded corporations, the capital is there, but both capitalists and capitalism have been rendered extinct. This book will appeal to researchers and graduate and upper-level undergraduate students in economics, finance, accounting, law, and sociology, as well as legal scholars, attorneys and accountants.

Planning in contemporary democratic states is often understood as a range of activities, from housing to urban design, regional development to economic planning. This volume sees planning differently-as the negotiation of possibilities that time offers space. It explores what kind of promise planning offers, how such a promise is made, and what happens to it through time. The authors, all leading anthropologists, examine the time and space, creativity and agency, authority and responsibility, and conflicting desires that plans attempt to control. They show how the many people involved with planning deal with the discrepancies between what is promised and what is done. The comparative essays offer insight into the expected and unexpected outcomes of planning (from visionary utopias to bureaucratic dystopia or something in-between), how the future is envisioned at the outset, and what actual work is done and how it affects people's lives.

Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.

Since 1995 there has been a widespread return of commitment to French cinema taking it to a level unmatched since the heady days following 1968. But this new wave of political film is very different and urgently calls out for an analysis that will account for its development, its formal characteristics and its originality. This is what this book provides. It engages with leading directors such as Cantet, Tavernier, Dumont, Kassovitz, Zonca and Guédiguian, takes in a range of less well known but important figures and strays across the Belgian border to engage with the seminal work of the Dardenne brothers. It shows how the works discussed are helping to reinvent political cinema by finding stylistic and narrative strategies adequate to the contemporary context.