From December 2020, China made a significant shift towards prioritising security over development. This study delves into the economic repercussions of China's security policy, specifically the Holistic View of National Security. The evolution of this security policy is analysed utilising Baidu Index data. The components of the policy, encompassing political, economic, financial and technology security, are scrutinised, with the economic burdens it imposes being highlighted. China's recent legislative measures concerning national security are assessed, with their potential to hamper economic growth. The adverse effects of the security policy on the economy are uncovered by examining foreign direct investment data, industry sector trends, and the responses of the largest listed firms.
{"title":"The economics of China's Holistic View of National Security: A preliminary assessment","authors":"Kerry Liu","doi":"10.1111/ecaf.12646","DOIUrl":"https://doi.org/10.1111/ecaf.12646","url":null,"abstract":"<p>From December 2020, China made a significant shift towards prioritising security over development. This study delves into the economic repercussions of China's security policy, specifically the Holistic View of National Security. The evolution of this security policy is analysed utilising Baidu Index data. The components of the policy, encompassing political, economic, financial and technology security, are scrutinised, with the economic burdens it imposes being highlighted. China's recent legislative measures concerning national security are assessed, with their potential to hamper economic growth. The adverse effects of the security policy on the economy are uncovered by examining foreign direct investment data, industry sector trends, and the responses of the largest listed firms.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141487946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Covid-19 and Sweden: What constitutes success? A response to Fredrik Andersson and Lars Jonung","authors":"David Goldsmith","doi":"10.1111/ecaf.12630","DOIUrl":"https://doi.org/10.1111/ecaf.12630","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Milton Friedman: The last conservative By Jennifer Burns. Farrar, Straus and Giroux. 2023. pp. 592. £30.00 (hbk). ISBN: 978–0374601140. £17.38 (pbk). ISBN: 978-1250338204. £12.99 (ebk). ISBN: 978-0374601157","authors":"Tom Clougherty","doi":"10.1111/ecaf.12655","DOIUrl":"https://doi.org/10.1111/ecaf.12655","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488284","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pox Romana: The plague that shook the Roman world By Colin Elliott, Princeton University Press. 2024. pp. 328. £28.00 (hbk). ISBN: 978-0691219158. £19.60 (ebk). ISBN: 978-0691220697","authors":"Mark Koyama","doi":"10.1111/ecaf.12639","DOIUrl":"https://doi.org/10.1111/ecaf.12639","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monitoring the state or the market: From laissez faire to market fundamentalism By Vito Tanzi. Cambridge University Press. 2023. 232 pp. £70.00 (hbk). ISBN: 978-100943447. £22.99 (pbk). ISBN: 978-1009434478. £21.84 (ebk). ISBN: 978-1009434430","authors":"Carlo Stagnaro","doi":"10.1111/ecaf.12635","DOIUrl":"https://doi.org/10.1111/ecaf.12635","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141487945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Current technological advances have revived the old socialist calculation debate. While the arguments on the socialist side appear to be backed by exciting technological developments, the pro-market camp still mainly relies on the classical thinking of the Austrian school. A reasonable way to reinvigorate the free-market thesis is to look at the ends of economic calculations, intentionally overlooked during the classical period of the debate. A valuable supplement to the contemporary pro-market position could be found in the ordoliberal vision that emphasised the interdependence of various spheres and the power problem.
{"title":"The ‘means’ and the ‘ends’ of economic calculation: The missing aspect of an epochal dispute","authors":"Dmitrii Trubnikov","doi":"10.1111/ecaf.12640","DOIUrl":"https://doi.org/10.1111/ecaf.12640","url":null,"abstract":"<p>Current technological advances have revived the old socialist calculation debate. While the arguments on the socialist side appear to be backed by exciting technological developments, the pro-market camp still mainly relies on the classical thinking of the Austrian school. A reasonable way to reinvigorate the free-market thesis is to look at the ends of economic calculations, intentionally overlooked during the classical period of the debate. A valuable supplement to the contemporary pro-market position could be found in the ordoliberal vision that emphasised the interdependence of various spheres and the power problem.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Liberalism's last man: Hayek in the age of political capitalism By Vikash Yadav, University of Chicago Press. 2023. pp. 288. $35.00 (hbk). ISBN: 978-0226821474. $34.99 (ebk). ISBN: 978-0226827360","authors":"Joshua Bowden","doi":"10.1111/ecaf.12653","DOIUrl":"https://doi.org/10.1111/ecaf.12653","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article investigates the effect of economic uncertainty on remittances sent by migrants residing in developed countries to their home countries. The analysis builds on the economic uncertainty index developed by Ahir et al. that reflects the uncertainty related to economic and political events, regarding both near-term and long-term concerns. Economic uncertainty has deleterious effects on remittance outflows from developed countries, especially when uncertainty reaches high levels. Developing countries would therefore suffer from reduced remittance inflows if the current fragmentation of the world were to become protracted, resulting in higher barriers to the movement of capital and people.
本文研究了经济不确定性对居住在发达国家的移民向本国汇款的影响。分析以 Ahir 等人开发的经济不确定性指数为基础，该指数反映了与经济和政治事件有关的不确定性，既涉及近期问题，也涉及长期问题。经济不确定性会对发达国家的汇款外流产生有害影响，尤其是当不确定性达到较高水平时。因此，如果当前的世界分裂现象长期存在，导致资本和人员流动的障碍增加，发展中国家的汇款流入就会减少。
{"title":"The effect of economic uncertainty on remittance flows from developed countries","authors":"Sèna Kimm Gnangnon","doi":"10.1111/ecaf.12634","DOIUrl":"https://doi.org/10.1111/ecaf.12634","url":null,"abstract":"<p>This article investigates the effect of economic uncertainty on remittances sent by migrants residing in developed countries to their home countries. The analysis builds on the economic uncertainty index developed by Ahir et al. that reflects the uncertainty related to economic and political events, regarding both near-term and long-term concerns. Economic uncertainty has deleterious effects on remittance outflows from developed countries, especially when uncertainty reaches high levels. Developing countries would therefore suffer from reduced remittance inflows if the current fragmentation of the world were to become protracted, resulting in higher barriers to the movement of capital and people.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study explores the historical background of the time value of money theory developed within the Austrian School, focusing on the contributions of its Scholastic antecedents. Although the Scholastics had a different starting point from the Austrians in analysing the nature of the time value of money, they ultimately reached a similar understanding. We present a new interpretation of Martín de Azpilcueta's theory, demonstrating that while he cannot be considered the sole originator of the time value of money theory, the role of Scholastic thinkers in its development should not be ignored.
{"title":"The scholastic perspective on the time value of money and the contribution of Martín de Azpilcueta (1491–1586)","authors":"Mohammadhosein Bahmanpour-Khalesi, Mohammadjavad Sharifzadeh","doi":"10.1111/ecaf.12651","DOIUrl":"https://doi.org/10.1111/ecaf.12651","url":null,"abstract":"<p>This study explores the historical background of the time value of money theory developed within the Austrian School, focusing on the contributions of its Scholastic antecedents. Although the Scholastics had a different starting point from the Austrians in analysing the nature of the time value of money, they ultimately reached a similar understanding. We present a new interpretation of Martín de Azpilcueta's theory, demonstrating that while he cannot be considered the sole originator of the time value of money theory, the role of Scholastic thinkers in its development should not be ignored.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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