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Heterodox Macroeconomics: Keynes, Marx and globalization (Routledge Advances in Heterodox Economics)
by Jonathan P. Goldstein Michael G. HillardHeterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis. The chapters, from a selection of leading academics in the field of heterodox macroeconomics, carry out a synthesis of heterodox ideas that place financial instability, macroeconomic crisis, rising global inequality and a grasp of the perverse and pernicious qualities of global and domestic macroeconomic policy making since 1980 into a coherent perspective. It familiarizes the reader with the emerging unified theory of heterodox macroeconomics and its applications. The book is divided into four key sections: I) Heterodox Macroeconomics and the Keynes-Marx synthesis; II) Accumulation, Crisis and Instability; III) The Macrodynamics of the Neoliberal Regime; and IV) Heterodox Macroeconomic Policy. The essays include theoretical, international, historical, and country perspectives on financial fragility and macroeconomic instability.
The Heterodox Theory of Social Costs: By K. William Kapp (Routledge Advances in Heterodox Economics)
by K. William KappK. William Kapp’s heterodox theory of social costs proposes precautionary planning to pre-empt social costs and provide social benefits via socio-ecological safety standards that guarantee the gratification of basic human needs. Based on arguments from Thorstein Veblen, Karl Marx, and Max Weber, social costs are conceptualized as systemic and large-scale damages caused by markets. Kapp refutes neoclassical solutions, such as bargaining, taxation, and tort law, unmasking them as ineffective, inefficient, inconsistent, and too market-obedient. The chapters of this book present the social costs of markets and neoclassical economics, the social benefits of environmental controls, development planning, and the governance of science and technological standards. This book demonstrates the fruitfulness of the heterodox theory of social costs as a coherent framework to develop effective remedies for today’s urgent socio-ecological crises. This volume is suitable for readers at all levels who are interested in the theory of social costs, heterodox economics, and the history of economic thought.
Heterodox Views of Finance and Cycles in the Spanish Economy (Routledge Revivals)
by Manuel RomanThis title was first published in 2002: Why do endogenous cycles persist in Spain? Manuel Roman demonstrates a highly novel approach to the study of finance and the persistence of endogenous growth cycles, providing a balanced account of the Post Keynesian, Classical and Neo-classical political economy approaches. Finding key propositions from a representative set of heterodox cycles' models, he rigorously tests their chief claims, grounding his research in empirical data. The endogenous forces behind persistent fluctuations in the Spanish economy are also identified and explored in this theoretically rich text, the first of its kind to examine the Spanish economy in such great detail.
Heterodoxe Ökonomik: Alternativen zum ökonomischen Mainstream (essentials)
by Arne HeiseUm die Wirtschaftswissenschaft ist es schlecht bestellt: Sie hat sich auf einen Blickwinkel verengt, dessen Erklärungskraft nicht erst in der Weltfinanzkrise nach 2007 heftig in Frage gestellt wurde, sondern deren Politikempfehlungen sogar die Krise erst ermöglichten und deren Folgen verschärften. Und auch zur Lösung der großen Umweltprobleme unserer Zeit scheint sie nicht viel beitragen zu können. Abseits der Standardökonomik hat sich allerdings eine kritische Perspektive – die heterodoxe Ökonomik – entwickelt, die die Grundannahmen der Standardökonomik zurückweist und in verschiedenen Schulen – u.a. dem Postkeynesianismus, der Komplexitätsökonomik und der Ökologischen Ökonomik – Fragestellungen entwickelt und Alternativen bereitstellt, die die Standardökonomik herausfordert und einen Paradigmenwechsel nahelegt.
Heteromation, and Other Stories of Computing and Capitalism (Acting with Technology)
by Hamid R. Ekbia Bonnie A. NardiAn exploration of a new division of labor between machines and humans, in which people provide value to the economy with little or no compensation.The computerization of the economy—and everyday life—has transformed the division of labor between humans and machines, shifting many people into work that is hidden, poorly compensated, or accepted as part of being a “user” of digital technology. Through our clicks and swipes, logins and profiles, emails and posts, we are, more or less willingly, participating in digital activities that yield economic value to others but little or no return to us. Hamid Ekbia and Bonnie Nardi call this kind of participation—the extraction of economic value from low-cost or free labor in computer-mediated networks—“heteromation.” In this book, they explore the social and technological processes through which economic value is extracted from digitally mediated work, the nature of the value created, and what prompts people to participate in the process.Arguing that heteromation is a new logic of capital accumulation, Ekbia and Nardi consider different kinds of heteromated labor: communicative labor, seen in user-generated content on social media; cognitive labor, including microwork and self-service; creative labor, from gaming environments to literary productions; emotional labor, often hidden within paid jobs; and organizing labor, made up of collaborative groups such as citizen scientists. Ekbia and Nardi then offer a utopian vision: heteromation refigured to bring end users more fully into the prosperity of capitalism.
Hetty: The Genius and Madness of America's First Female Tycoon
by Charles SlackWhen J. P. Morgan called a meeting of New York's financial leaders after the stock market crash of 1907, Hetty Green was the only woman in the room. The Guinness Book of World Records memorialized her as the World's Greatest Miser, and, indeed, this unlikely robber baron -- who parlayed a comfortable inheritance into a fortune that was worth about 1.6 billion in today's dollars -- was frugal to a fault. But in an age when women weren't even allowed to vote, never mind concern themselves with interest rates, she lived by her own rules. In Hetty, Charles Slack reexamines her life and legacy, giving us, at long last, a splendidly "nuanced portrait" (Newsweek) of one of the greatest -- and most eccentric -- financiers in American history.This P.S. edition features an extra 16 pages of insights into the book, including author interviews, recommended reading, and more.
Heuristics in Analytics
by Carlos Andre Reis Pinheiro Fiona McneillEmploy heuristic adjustments for truly accurate analysis Heuristics in Analytics presents an approach to analysis that accounts for the randomness of business and the competitive marketplace, creating a model that more accurately reflects the scenario at hand. With an emphasis on the importance of proper analytical tools, the book describes the analytical process from exploratory analysis through model developments, to deployments and possible outcomes. Beginning with an introduction to heuristic concepts, readers will find heuristics applied to statistics and probability, mathematics, stochastic, and artificial intelligence models, ending with the knowledge applications that solve business problems. Case studies illustrate the everyday application and implication of the techniques presented, while the heuristic approach is integrated into analytical modeling, graph analysis, text analytics, and more. Robust analytics has become crucial in the corporate environment, and randomness plays an enormous role in business and the competitive marketplace. Failing to account for randomness can steer a model in an entirely wrong direction, negatively affecting the final outcome and potentially devastating the bottom line. Heuristics in Analytics describes how the heuristic characteristics of analysis can be overcome with problem design, math and statistics, helping readers to: Realize just how random the world is, and how unplanned events can affect analysis Integrate heuristic and analytical approaches to modeling and problem solving Discover how graph analysis is applied in real-world scenarios around the globe Apply analytical knowledge to customer behavior, insolvency prevention, fraud detection, and more Understand how text analytics can be applied to increase the business knowledge Every single factor, no matter how large or how small, must be taken into account when modeling a scenario or event-even the unknowns. The presence or absence of even a single detail can dramatically alter eventual outcomes. From raw data to final report, Heuristics in Analytics contains the information analysts need to improve accuracy, and ultimately, predictive, and descriptive power.
Heuristics, Metaheuristics and Approximate Methods in Planning and Scheduling
by Ghaith RabadiThe scope of this book is limited to heuristics, metaheuristics, and approximate methods and algorithms as applied to planning and scheduling problems. While it is not possible to give a comprehensive treatment of this topic in one book, the aim of this work is to provide the reader with a diverse set of planning and scheduling problems and different heuristic approaches to solve them. The problems range from traditional single stage and parallel machine problems to more modern settings such as robotic cells and flexible job shop networks. Furthermore, some chapters deal with deterministic problems while some others treat stochastic versions of the problems. Unlike most of the literature that deals with planning and scheduling problems in the manufacturing and production environments, in this book the environments were extended to nontraditional applications such as spatial scheduling (optimizing space over time), runway scheduling, and surgical scheduling. The solution methods used in the different chapters of the book also spread from well-established heuristics and metaheuristics such as Genetic Algorithms and Ant Colony Optimization to more recent ones such as Meta-RaPS.
Heuristiken für die gewinnorientierte Planung ressourcenbeschränkter Projekte mit erweiterbaren Kapazitäten (Produktion und Logistik)
by André SchnabelAndré Schnabel ergänzt das ressourcenbeschränkte Projektplanungsproblem um die Möglichkeit, kostenpflichtige Zusatzkapazität einzusetzen, um die Projektdauer zu reduzieren und damit den erzielten Erlös zu erhöhen. Der Deckungsbeitrag wird maximiert, indem gezielt in bestimmen Perioden im Planungshorizont die Kapazität erweitert wird. Die neuartige Problemstellung wird als mathematisches Modell formalisiert und es werden mehrere heuristische Methoden zur effizienten Lösung des Problems vorgestellt und im Rahmen einer umfangreichen numerischen Studie evaluiert.
Hewlett-Packard: The Flight of the Kittyhawk (A)
by Clayton M. ChristensenHewlett-Packard decided that, to grow more rapidly, it needed to design a revolutionary disk drive product that would create an entirely new market or application for magnetic recording technology. The company followed most of the "rules" good managers follow in such situations: heavyweight project team, lots of senior management support, etc. But it still failed.
Hewlett-Packard: The Flight of the Kittyhawk (B)
by Clayton M. ChristensenAn abstract is not available for this product.
Hewlett-Packard: Culture in Changing Times
by Rakesh Khurana Michael Beer James WeberHP had been a highly successful and respected company for decades. It was well known for its company culture and management practices--the HP way--which emphasized both profits and people. Changing markets, strong competitors, and the growth of its computer business, however, battered the company in the mid-1990s. To turn things around, HP hired Carly Fiorina, the first outsider to lead the company. Describes Fiorina's strategy and the impact of decisions she made with respect to the acquisition of Compaq and HR policies on HP's venerable culture and performance.
Hewlett-Packard: Singapore (A)
by Dorothy Leonard-Barton George ThillIn the over 20 years since Hewlett-Packard (HP) set up a manufacturing site in Singapore to produce calculators, HP has invested managerial talent and resources in developing its licensor into a technology development partner. The case details the growth of high-volume manufacturing capabilities and the setting up of an R&D facility. Various projects are described in which Singapore contributed an increasing amount of skill, leading up to an abortive attempt to completely co-develop a new printer. Singapore now feels ready to develop a printer on its own for the Japanese market, and the case poses the question of whether or not it is ready to do so. There is also an issue of whether the developers understand the Japanese market well enough to proceed.
Hewlett-Packard: Singapore (B)
by Dorothy Leonard-Barton George ThillDiscusses the printer Hewlett-Packard has developed.
Hewlett-Packard: Singapore (C)
by Dorothy Leonard-Barton George ThillDiscusses the printer Hewlett-Packard has developed.
Hewlett-Packard: Creating, Running, and Growing an Enduring Company
by Courtney Purrington H. Kent BowenTraces the development of Hewlett-Packard Co. from a small start-up company in 1938 to a world-class manufacturer of electronic instruments and computer products. Examines the challenges of starting and running a small company, including financing, human resources management, product strategy, human relations, and management succession. The creation of a unique and enduring set of values and a philosophy of running and growing a company, known as the "HP Way," is emphasized.
Hewlett-Packard Company: CEO Succession in 2010
by Jay W. Lorsch Melissa Barton Krishna G. PalepuMark Hurd resigned as the CEO of Hewlett Packard in 2010 after the board discovered that he had misfiled expense reports and paid an H.P. contractor for unsubstantiated work. After Hurd left H.P., he joined Oracle, an H.P. competitor. Soon thereafter, the H.P. board appointed a new CEO following an eight-week search.
Hewlett-Packard-Compaq: The Merger Decision
by Jonathan Barnett Krishna G. PalepuHewlett-Packard's proposed $24 billion acquisition of rival Compaq marked the largest merger in the history of the computer industry. The merger was Hewlett-Packard's response to sweeping changes impacting the technology industry. The severity of the stock market's reaction to the deal's announcement, coupled with a "slim but sufficient" 51.4% shareholder approval margin, left many wondering whether the deal was beneficial for shareholders.
Hewlett-Packard--Computer Systems Organization: Selling to Enterprise Customers
by Das Narayandas Robert C. DudleyIn late 1996, Manuel Diaz, head of Worldwide Sales for Hewlett-Packard's (HP) Computer Systems Organization (CSO), is reviewing the results of an audit of HP's enterprise customer management approach with the objective of identifying market and organizational opportunities that might provide HP the next wave of growth while further reducing sales and support costs. HP's current customer management approach, although successful, had involved structural changes that had forced a deep-rooted overhaul of HP's traditional regional sales approach. The new recommendations would necessitate another round of drastic changes in the way HP manages relationships with its large enterprise customers. Diaz does not want to put the sales organization through another round of changes unless he is sure they are necessary. He has to figure out if the organization is ready for more change, and whether the benefits outweigh the costs of implementation. The case provides a detailed review of the audit process and the findings.
Hewlett-Packard Imaging Systems Division: Sonos 100 C/F Introduction
by Frank V. Cespedes Marie BellThe marketing manager for the Imaging Systems business unit (ISY) at Hewlett-Packard Medical Products Group is considering channel strategy and channel management issues raised by the upcoming introduction of a new cardiac imaging product. Product marketing's plans call for the use of indirect distribution channels to enter a new segment; important managers in ISY's direct sales force disagree.
Hewlett-Packard's Home Products Division in Europe--1996-2000
by Carin-Isabel Knoop David J. ArnoldBy November 2000, Hewlett-Packard's Home Products Division (HPD) had been selling its Pavilion line of personal computers in Europe for almost five years. During that time, HPD had entered and exited Germany, struggled in France and the United Kingdom, and significantly reorganized its European operations twice. Some at HP felt that the European operation had become what HP should be. Others wondered why it had been so hard and whether the model of "operational excellence" adopted by HPD to compete in Europe was adequate for a very fast-changing market.
Hewlett-Packard's Merced Decision
by Matthew C. Verlinden Clayton M. ChristensenDescribes managing the threat of disruptive technology at the high end of the computer industry. Many aspects of the innovator's dilemma can be explored.
Hewlett-Packard's Santa Rosa Systems Division (A): The Trials and Tribulations of a Legacy
by Gregory C. Rogers Michael BeerDescribes the process of transforming a recently formed division of Hewlett-Packard.
Hewlett-Packard's Santa Rosa Systems Division (A): The Trials and Tribulations of a Legacy
by Gregory C. Rogers Michael BeerDescribes the process of transforming a recently formed division of Hewlett-Packard.
Hexion/Apollo's Courtship of Huntsman Corporation (A)
by Lena G. Goldberg Danielle V. HollandIn July 2007, after several failed attempts to acquire Huntsman Corporation, Hexion/Apollo prevailed in a bidding war for the company and signed a definitive merger agreement. Apollo had down bid Huntsman during previous attempts to acquire the company, and Huntsman was suspicious. That suspicion, coupled with Huntsman's leverage that resulted from a competitive bid situation, prompted and enabled Huntsman to negotiate seller friendly terms. For example, there was no financing contingency, and although the merger agreement contained both a material adverse effect (MAE) clause and a reverse termination fee, the potential damages if Hexion/Apollo breached the agreement were uncapped. As the credit markets deteriorated in late 2007 and into 2008 and Huntsman turned in disappointing financial results, the Huntsman deal no longer looked attractive to Hexion/Apollo. Hexion/Apollo wanted out. Would the material adverse change (MAC) clause in the merger agreement permit Hexion/Apollo to simply walk away? Even if the MAE clause were not applicable, could Hexion/Apollo walk away by paying the reverse termination fee? Or were potential damages uncapped?