Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.

This text provides an ethnography of a Chinese middle school based on fieldwork conducted in 1988 to 1989. It provides a way of looking at classroom and societal interactions in terms of the interplay among criticism, face and shame.

'Techno-Economic Paradigms' presents a series of essays discussing one of the most interesting and talked-about socio-economic theories of our times: techno-economic paradigm shifts.

Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the

China's agriculture and rural society has undergone rapid changes in recent years. Many poorer farmers and younger people have moved to cities, and yet China has an immense challenge to feed a growing and more affluent population. This book provides a ‘bottom-up view’ of China’s agriculture, showing how the many millions of Chinese peasants make a living. It presents a vivid description of the mechanisms used by rural households to defend and sustain their livelihoods, increase their agricultural production and improve the quality of their lives. The authors examine the newly emerging trajectories of entrepreneurial and capitalist farming and assess whether such alternatives will be able to meet the enormous social, economic and environmental challenges that China faces. The book also explores the paradigm that has underpinned the organisation and development of China’s agriculture from ancient times to the present day. This shows the importance of balancing in the Chinese model as compared to the one-sided imposition of continual modernization in the western model. It is argued that such balancing is at the core of the current Sannong policy, referring to the three ruralities of food sovereignty, wellbeing for peasant households and an attractive countryside.

This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.