First published in 1992, this book explains how pension funds work in order to highlight their impact on the economy as a whole. David Blake explores the different systems in operation at the time of writing, both state run and private sector, and describes policy initiatives such as personal pension schemes. Longer life-expectancy, overseas investment, equal opportunities and short-termism in capital markets are among the issues discussed as David Blake assesses how pension funds typically behave. This is a title of continued relevance, which addresses the questions repeatedly raised within government and wider society.

First published in 1990, International Bond Markets analyses how the markets in public-sector debt have developed and how they operate in a number of countries, including those with chronic budget deficits. Alongside a detailed introduction to government borrowing, chapters consider the bond markets and debt management systems of the U.S.A., Japan, France, Italy and the U.K. With governments around the world struggling to manage their huge deficits, this is a particularly relevant title to students observing the current global economic situation, and those with a general interest in public debt management and bond markets.

First published in 1992, this title conducts an in-depth examination of the investment behaviour of pension funds, presenting the first econometric model in this area. Using the well-established framework of modern portfolio theory, David Blake derives a model of optimal portfolio behaviour that explains pension fund asset holdings in terms of the most important macroeconomic and cyclical indicators. He shows how factors such as industry profitability, the balance of payments and the monetary and fiscal policies of the government influence pension fund investments. Broad in scope, this reissue will be of particular value to students and academics with an interest in econometrics, investment analysis and the pension fund industry.

This book is a discussion of and an argument for alternatives to the present structure of production in the United States—alternatives that would change the control of capital and how it is used. First published 1980, Carnoy and Shearer discuss the economic problems facing the 1980s and argue for a strategy to transform capital from corporations to the public. A book that remains relevant in today’s political economic climate, this title is ideal for students of economics and politics, as well as general readers interested in past and present economic problems and potential solutions.

Originally published in 1991, user charges and earmarked taxes are methods by which people pay directly for the services they recieve from government. As such they are frequently supported by those who oppose increased taxation, who argue that they are more like market transactions than traditional forms of taxation. This book explores the cogency of these arguments in the light of public choice analyses of political processes.

This title was first published in 1986 during a recession much like that faced in recent years, which placed immense pressure on the British planning system and led to social unrest in the inner cities and in many disadvantaged areas. Within this context, Peter Ambrose outlines the features of land development and explores the circumstances of post-war planning. The central section of the book deals with the key forces at work in land development – finance, the construction industry and the local and central state – and explains how they interact. Using a number of case-studies, including the greenfield urban fringe and London’s docklands, as well as examples drawn from other countries, Ambrose provides an essential background to the British planning system and the problems still faced by it today.

The idea of human resource management has become topical and controversial. The term suggests that people in any organization are an asset to be upgraded and fully utilized rather than merely a variable cost to be minimized. This in turn implies that the way in which people are managed is a matter of crucial strategic concern. Increased international competition has produced various initiatives world-wide for new approaches to management, in particular human resource management. This searching set of interpretations, first published in 1983, will be of interest to serious practitioners and students alike.