Tuesday, December 16, 2008

Securities Regulation or The Mystery of Economic Growth

Securities Regulation: Cases and Materials

Author: James D Cox

With its modular organization, Cox, Hillman, and Langevoort's second edition is notable for its currency and class—proven pedagogy. This popular casebook builds on the problem approach to provide an intellectually stimulating yet eminently teachable introduction to the field.

SECURITIES REGULATION, Second Edition, opens with an engaging chapter that presents the issues in terms of their effect on investors. From this unique starting point, students progress to well—conceived problems that require them to fill the role of judge or lawyer. Timely coverage brings students in direct contact with:ъ

mutual funds; a new chapter on Investment Advisers and Investment Companies explores the growth of the industry and the resulting regulatory problemsъ the Private Securities Litigation Reform Act of 1995

today's high tech environment and its implications for regulation

contemporary theories and academic literature

The problems in SECURITIES REGULATION, Second Edition, are carefully structured to be multi—level, so professors have a point of departure into as much theory as they wish. With this modular casebook, you can select the subjects and topics you wish to cover and sequence them to match your syllabus. Whatever level of depth and detail your course brings to the Securities Act or the Securities Exchange Act, this fully revised casebook will fit your needs.



Book review: Gumbo Tales or River Road Recipes II

The Mystery of Economic Growth

Author: Elhanan Helpman

Far more than an intellectual puzzle for pundits, economists, and policymakers, economic growth—its makings and workings—is a subject that affects the well-being of billions of people around the globe. In The Mystery of Economic Growth, Elhanan Helpman discusses the vast research that has revolutionized understanding of this subject in recent years, and summarizes and explains its critical messages in clear, concise, and accessible terms.

The tale of growth economics, as Helpman tells it, is organized around a number of themes: the importance of the accumulation of physical and human capital; the effect of technological factors on the rate of this accumulation; the process of knowledge creation and its influence on productivity; the interdependence of the growth rates of different countries; and, finally, the role of economic and political institutions in encouraging accumulation, innovation, and change.

One of the leading researchers of economic growth, Helpman succinctly reviews, critiques, and integrates current research—on capital accumulation, education, productivity, trade, inequality, geography, and institutions—and clarifies its relevance for global economic inequities. In particular, he points to institutions—including property rights protection, legal systems, customs, and political systems—as the key to the mystery of economic growth. Solving this mystery could lead to policies capable of setting the poorest countries on the path toward sustained growth of per capita income and all that that implies—and Helpman's work is a welcome and necessary step in this direction.

Foreign Affairs

Growth over the last century has improved economic well-being to an extent that our great-grandparents could not have imagined. But what causes economic growth, and how can it be assured? Harvard's Helpman here provides a systematic, relatively nontechnical, and closely reasoned review of two decades of academic research on these questions, some of it his own. He discusses the accumulation of physical and human capital, innovation, engagement with the world economy through trade and investment, and the legal and institutional underpinnings necessary for economic growth. He also addresses the impact of growth on poverty and income inequality. Here is a good place to learn what we know about the wellsprings of economic growth and what are the remaining mysteries.



Table of Contents:
1Background1
2Accumulation9
3Productivity19
4Innovation34
5Interdependence55
6Inequality86
7Institutions and politics111

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