The world is experiencing significant transformations in its geo-political and economic constitution. The processes of transformation have accelerated over the last decades. A signifi cant part of the growth potential of the world economy nowadays and for the coming decades resides in some fast-developing countries. Brazil, Russia, India, China, and South Africa (BRICS) have displayed such…
Accounting principles courses teach you the "language of business" so you understand terms and concepts used in business decisions. If you understand how accounting information is prepared, you will be in an even stronger position when faced with a management decision based on accounting information. The importance of transactions analysis and proper recording of transactions has clearly been d…
This chapter continues the discussion of cost accumulation systems. In Chapter 18, we explained and illustrated job costing. The job cost system (job costing) accumulates costs incurred to produce a product according to individual jobs. For example, construction companies use job costing to keep track of the costs of each construction job. This chapter discusses another cost accumulation system…
The former Chairman of the American Federal Reserve, Alan Greenspan, once believed that lending institutions were doing a good job of protecting their shareholders. Following the credit crunch experience he admitted to being in a ‘state of shocked disbelief’. Perhaps this ‘shocked disbelief’ could now extend to investors and regulators (and indeed accoun- tants themselves) who once beli…
This book will explore issues critical for success in providing e-banking. The aim is to assist organizations in utilising the opportunities offered by this relatively new set of technologies. This book largely restricts itself to the organizational view of the problem, and is therefore primarily focused on organizational internal factors. External factors, such as the political or economic…
This material is an introduction to corporate finance. We will discuss the various responsibilities of the corporation’s financial managers and show you how to tackle many of the problems that these managers are expected to solve. We begin with a discussion of the corporation, the financial decisions it needs to make, and why they are important. To survive and prosper, a company must sat…
The quest to eradicate poverty has, for some time, been at the forefront of the policies, programs and operations of development agencies. Poverty eradication has also been the subject of considerable research by academics and policy analysts. At the extraordinary Summit convened by the UN in September 2000, the international community agreed to work together to reduce the incidence of ext…
We might describe our world as having retail sanity, but wholesale madness. Details are well understood; the big picture remains unclear. A fundamental challenge—in business as in life—is to integrate the micro and macro such that all things make sense. Humanities majors may well learn a great deal about the world. But they don’t really learn career skills through their studies. Engi…
The city has emerged in recent years as an indispensable concept for many of the struggles for social justice we are all engaged in—it’s a place where theory meets practice, where the neighborhood organizes against global capitalism, where unequal divisions based on race and class can be mapped out block by block and contested, where the micropolitics of gender and sexual orientation are su…
The 2007–09 financial crisis has once again put finance back on the agenda. This book examines financial systems and – albeit indirectly – argues that the crisis is the logical outcome of neoliberal capitalism. The main objective of this study then is to demystify the process (or processes) of neoliberalization. More concretely it focuses on the European case study where historically aver…
Academic philosophy has experienced a major upheaval in the last decade. Venturous young philosophers, psychologists, and economists have begun to challenge the traditional stance that philosophy is an undertaking best pursued from the safety and calm of an arm-chair. Instead, they took the gloves off and tried to bring philosophical ques- tions to the experimental laboratory. To date, more th…
Given that security breaches and intrusions continue to be reported daily across organizations of every size, is information security really effective? Given the rapid evolution of new technologies and uses, does the information security group even need to exist? Obviously, this is a somewhat rhetorical question. I cannot imagine that any sizeable organization would operate well without an info…
ITIS WIDELY BELIEVED that politics and economics are separate and largely unconnected; that individual freedom is a political problem and material welfare an economic problem; and that any kind of political arrangements can be combined with any kind of economic arrangements. The chief contemporary man- ifestation of this idea is the advocacy of "democratic socialism" by many who condemn out of …
How did Western economic learning come to claim status as a separate discipline? When – and how – did it begin to define and organize its own field of specialization, vocabulary, areas of interest and methods of study? What kind of methodological problems were raised by the attempt to make economic knowledge a real science? What ties were there between the study of production, exchange and …
To know and cooperate with the laws of health in order to retain, or regain, health is most important. The study of disease takes a secondary place to the study of the laws of life. To know how to employ every rational means at our disposal in order to avert sickness should be our constant study and goal. Life’s activities are centered in the home. Parents should be an example of good h…
One important premise of Hicks’s theoretical framework is the distinction between the structure of reality and the purpose-oriented arrangement of human actions. There are reasons to believe that, at an early stage of his development as an economist, Hicks came across the distinction between an ‘order of being’ and an ‘order of doing,’ as discussed by Maffeo Pantaleoni (Pantaleoni, 19…
A Fluid-Structure Interaction model is studied for aortic flow, based on Koiter’s shell model for the structure, Navier–Stokes equations for the fluid and transpiration for the coupling. It accounts for wall deformation while yet working on a fixed geometry. The model is established first. Then a numerical approximation is proposed and some tests are given. The model is also used for optima…