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Microeconomics in Context

Microeconomics in Context

Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough up to date and relevant to students. Like its counterpart Macroeconomics in Context the book is uniquely attuned to economic social and environmental realities. The In Context books offer an engaging coverage of current research and policy issues from economic inequality and climate change to taxes and globalization. Key features include: Up-to-date discussions of the impacts of the COVID-19 pandemic on inequality labor markets and beyond Analysis of recent trade issues and the implications of Brexit Presentation of policy issues in historical environmental institutional social political and ethical contexts—an approach that fosters critical evaluation of the standard microeconomic models Clear explanations of basic concepts and analytical tools with advanced models presented in optional chapter appendices A powerful graphical presentation of various measures of well-being in the United States and other countries including income inequality tax systems educational attainment and environmental quality A focus on human well-being from a multidimensional perspective including traditional economic metrics and factors such as health equity and political inclusion A full complement of student and instructor support materials online. The book combines real-world relevance with a thorough grounding in multiple economic paradigms. It is the ideal textbook for modern introductory courses in microeconomics. The book's companion website is available at: www. bu. edu/eci/micro

GBP 56.99
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Islamic Microeconomics An Introduction

Islamic Microeconomics An Introduction

This book bridges the gap between Islamic and conventional (micro)economics by demonstrating how modern tools and theories of microeconomics can be applied to Islamic assumptions regarding economics and finance. In contrast to the tendency for Islamic economics and finance proponents to use qualitative and normative approaches based on idealistic assumptions this book demonstrates how one can instead construct analytical models of Islamic economics and finance and simply compare the implications with those predominant in today’s world. This book also offers extensive literature reviews demonstrating that for a long time the gap between Islamic and conventional economics and finance is not as wide as previously thought allowing those with an interest in both fields to participate more effectively and meaningfully in the ongoing discourse between the two fields. The authors conceptualize a general approach and apply it to basic consumer theory. More advanced microeconomic ideas are then discussed culminating in demonstrations of how contract theory can facilitate a deeper analysis and appreciation of Islamic financial securities. A wide spectrum of academic literature on both Islamic and conventional economics and finance is drawn upon to facilitate a better appreciation for both fields and to inspire future works comparing the two in a more objective manner. | Islamic Microeconomics An Introduction

GBP 130.00
1

Optimal Decisions In Markets And Planned Economies

Optimal Decisions In Markets And Planned Economies

Much research into the economics of socialist planned economies has emphasized macroeconomic issues central to setting and meeting macroeconomic goals and research on the theory of the firm in capitalist economies is not generally relevant to socialist economies. In this volume leading economists from both East and West fill the gap in the literature by examining in critical detail many different aspects of the microeconomics of the firm in socialist economies. | Optimal Decisions In Markets And Planned Economies

GBP 36.99
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Microeconomic Theory A Heterodox Approach

Microeconomic Theory A Heterodox Approach

Microeconomic Theory: A Heterodox Approach develops a heterodox economic theory that explains the economy as the social provisioning process at the micro level. Heterodox microeconomics explores the economy with a focus on its constituent parts and their reproduction and recurrence their integration qua interdependency by non-market and market arrangements and institutions and how the system works as a whole. This book deals with three theoretical concerns. Due to the significance of the price mechanism to mainstream economics a theoretical concern of the book is the business enterprise markets demand and pricing. Also since heterodox economists see private investment consumption and government expenditures as the principal directors and drivers of economic activity a second theoretical concern is business decision-making processes regarding investment and production government expenditure decisions the financing of investment the profit mark-up and the wage rate and taxes. Finally the third theoretical concern of the book is the delineation of a non-equilibrium disaggregated price-output model of the social provisioning process. This book explores the integration of these various theories with a theoretical model of the economy and how this forms a theory that can be identified as heterodox microeconomics. It will be of interest to both postgraduates and researchers. | Microeconomic Theory A Heterodox Approach

GBP 35.99
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Information Economics with Real Estate Applications

Information Economics with Real Estate Applications

Information Economics with Real Estate Applications provides the reader with an academic toolkit to understand strategic interactions of individuals and companies in a world of scarce resources and asymmetric information. Beyond theoretical frameworks and models examples in the real estate and construction industry are used to illustrate the practical relevance of the concepts discussed. Property developers brokers construction firms and investment managers – as individuals or companies – make decisions in response to their clients’ customers’ and partners’ behaviours. To align conflicting interests and achieve optimal outcomes for individuals companies and society at large those interactions need to be governed efficiently. Using models from microeconomics and contract theory this book helps the reader to analyse the complex relations between different industry stakeholders from the perspective of markets and organisations. Although it mainly targets students at the Masters or PhD level in real estate or similar subjects without previous knowledge in information economics the general theory presented should be of interest to any student who wants an introductory text in information economics. At the same time by building upon real-world examples the book allows industry practitioners to reflect on and optimise their strategic decision-making in a more structured way.

GBP 42.99
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Supply in a Market Economy

Supply in a Market Economy

Originally published in 1976 Supply in a Market Economy was a new kind of introductory micro-economics text which both assesses the usefulness of traditional theory in tackling social and economic problems and compares and contrasts the alternative approaches to the practical problems inherent in the allocation of scarce resources. Richard Jones has succeeded in bringing together the most useful features of a standard microeconomics theory book with empirical and applied material more usually dealt with separately in second year surveys of industrial organisation. The book gives full coverage to the standard theories of the firm of production of cost and scale and of location to recent critiques of these theories and to alternative approaches now being proposed. Integrated into this theoretical background is a clear analysis of the relationship of these theories to market structures and the economics of industry and a ‘real-world’ examination of markets in action – with individual sections on the control of rents on the water supply industry on the effect of taxation on commodities and on the economics of crime and its prevention. Supply in a Market Economy would prove to be an invaluable new course-book for first and second year students of microeconomics at the time and particularly for those non-specialists who were impatient to see the relevance and applications of traditional theory to real problems. Now it can be read in its historical context.

GBP 27.99
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Political Economy and Policy Analysis

Political Economy and Policy Analysis

Most of economics takes politics for granted. Through some (often implausible) assumptions it seeks to explain away political structures by characterizing them as stable and predictable or as inconsequential in understanding what goes on in an economy. Such attempts are misguided and this book shows how governments and political institutions are composed of people who respond to incentives and whose behavior and choices can be studied through the lens of economics. This book aims to bridge the gap between economics and politics and in doing so hopes to instill in the reader a deeper appreciation for social scientific thinking. Opening with a refresher on microeconomics and an introduction to the toolkit of political economy it ensures that the necessary building blocks are in place before building up from the level of the individual and the firm to show how a political–economic equilibrium can be achieved. The text explores how to separate primitives—the external parts of a model that we cannot affect—from outcomes—the internal parts of a model that we can. Moreover it demonstrates that economic and political issues alike can be studied within the same general framework of analysis. Political Economy and Policy Analysis offers readers the chance to gain a more sophisticated understanding of political processes economic processes and the interplay among them. Adopting an applied microeconomics approach it will be ideal for upper-level undergraduate or postgraduate courses on political economy public choice or policy analysis. A complementary workbook with exercises and solutions that accompanies Political Economy and Policy Analysis is available for download under the eResources tab at: https://www. routledge. com/Political-Economy-and-Policy-Analysis/Merlo/p/book/9781138591783.

GBP 42.99
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Managerial Economics

Managerial Economics

Now in its sixth edition Ivan Png's Managerial Economics has been extensively revised with an introductory chapter emphasizing decision-making and behavioral biases intensive application to current business and economic issues including technology globalization and pandemics a closing chapter highlighting business responses to climate change a streamlined presentation focusing on the economics that managers need to know. As always the text presents the key concepts of microeconomics intuitively without sophisticated mathematics. Throughout it emphasizes actual management applications. The new sixth edition is updated with fresh up-to-date vignettes and discussion questions from all over the world and enhanced with detailed instructor supplements. It is an ideal text for any course focusing on the practical application of microeconomic principles to management. The book provides truly useful economics for managers. In the words of one professor I can use your book for serious conversation with adult students.

GBP 64.99
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Economies of Death Economic logics of killable life and grievable death

Economies of Death Economic logics of killable life and grievable death

Economies of Death: Economic Logics of Killable Life and Grievable Death examines the economic logic involved in determining whose lives and deaths come to matter and why. Drawing from eight distinct case studies focused on the killability and grievability of certain humans animals and environmental systems this book advances an intersectional theory of economies of death. A key feature of late-modern capitalism is its tendency to economically order certain human and nonhuman lives and environments while appropriating and commodifying certain bodies and spaces in the process. Spanning the social sciences and humanities in its contributions and scope each chapter shows how living beings and places are stripped down to the calculus of their end with profound ethical and political implications for these entities and the world around them. From the genocide in Cambodia to the way some animals are considered ‘pets’ and others ‘food’; from September 11 2001 and Afghanistan to the politics of redemption for prisoners and ex-racehorses in Kentucky these case studies draw from and develop an enriched understanding of bio- and necropolitics posthumanism killability and grievability. In drawing together the objectification of humans animals and environments (and the power-laden hierarchies that maintain this objectification) this volume highlights how death across these subjects informs and responds to broader geo-economic processes. This book aims to examine the reach of economies of death across such diverse subjects challenging readers to consider the every-day calculus they make in determining whose lives mean more and why. | Economies of Death Economic logics of killable life and grievable death

GBP 38.99
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Principles of Economics in a Nutshell

Principles of Economics in a Nutshell

Principles of Economics in a Nutshell provides a succinct overview of contemporary economic theory. This key text introduces economics as a social science presenting the discipline as an evolving field shaped within historical context rather than a fixed set of ideas. Chapters on microeconomics introduce concepts of scarcity and tradeoffs market analysis (the Marshallian cross of supply and demand) and the theory of the firm and market structure. Chapters on macroeconomics begin with an explanation of national income accounting followed by discussions of macroeconomic theory in the goods market and in the money market from both a Keynesian and Classical view. The text concludes with examples of how to expand upon core material introducing the perspectives of feminist and ecological economics. This book will be of great importance to students new to economics and is ideal for use on single-semester Principles courses or as a primer on economics courses in other settings. The text is fully supported by online resources which include a set of analytical questions and suggestions for further reading for each chapter.

GBP 34.99
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Policy Analysis as Problem Solving A Flexible and Evidence-Based Framework

Policy Analysis as Problem Solving A Flexible and Evidence-Based Framework

Drawing extensively from real-life cases Policy Analysis as Problem Solving helps students develop the analytic skills necessary to advise government officials and nonprofit executives on a wide range of policy issues. Unlike other texts Policy Analysis as Problem Solving employs a pragmatic heterodox approach to the field. Whereas most texts on policy analysis are anchored in microeconomics emphasizing economic efficiency this book takes a broader view using realistic examples to illustrate the full scope of policy analysis. The book provides succinct but thorough discussions of the key elements of the policy-analytic process including problem definition objectives and criteria development of alternative policy options and analysis of these alternatives. The text’s practical approach and extensive downloadable resources—which include interviews case studies and further readings—will be of enormous benefit to both students and instructors of policy analysis. | Policy Analysis as Problem Solving A Flexible and Evidence-Based Framework

GBP 48.99
1

Health Economics

Health Economics

Can we really use economic thinking to understand our health care system? Health Economics now in its sixth edition not only shows how this is done but also provides the tools to analyze the economic behavior of patients and providers in health care markets. Health Economics combines current economic theory recent research and up-to-date empirical studies into a comprehensive overview of the field. Key changes to this edition include: additional discussion of the consequences of the Patient Protection and Affordable Care Act (PPACA) in light of current political changes; an extensive discussion of quality measures; more discussion of preventive services; a new section on drug markets and regulation; discussion of Accountable Care Organizations (ACOs); new references problem sets and an updated companion website with lecture slides. Designed for use in upper-division undergraduate economics studies the book is suitable for students and lecturers in health economics microeconomics public health policy and practice and health and society. It is also accessible to professional students in programs such as public policy public health business and law.

GBP 160.00
1

Business Decision Making

Business Decision Making

Originally published in 1981. Risk is a problem which all business decision makers have to cope with. The problem is not insurmountable however as there now exist well-established techniques for minimising risk and for calculating which of various available options is the optimal one to pursue. This book outlines and discusses these techniques and the theories behind them. Unlike many economic theories which only rarely have any practical applications the techniques put forward in this book can be used by real businessmen to solve real business problems. The book concentrates on decision-making in two main areas: the allocation of a firm’s resources and the selection of new investments; and the techniques and theories discussed fall into three broad groups: linear programming decision theory and capital market theory. Intended as an advanced undergraduate textbook for students taking business economics or managerial economics courses this valuable book will interest specialists and students involved in management studies microeconomics strategic planning operational research accounting and MBA programmes. | Business Decision Making

GBP 31.99
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The Theory of Business Enterprise

The Theory of Business Enterprise

Veblen has been claimed and rejected both by sociologists and economists as being one of theirs. He enriched and attacked both disciplines as he did so many others: philosophy history social psychology politics and linguistics. Because he took all knowledge as necessary and relevant to adequate understanding Veblen was a holistic analyst of the social process. First published in 1904 this classic analysis of the U. S. economy has enduring value today. In it Veblen posited a theory of business fluctuations and economic growth which included chronic depression and inflation. He predicted the socioeconomic changes that would occur as a result: militarism imperialism fascism consumerism and the development of the mass media as well as the corporate bureaucracy. Douglas Dowd's introduction places the volume within the traditions of both macroeconomics and microeconomics tracing Veblen's place among social thinkers and the place of this volume in the body of his work. | The Theory of Business Enterprise

GBP 130.00
1

The Evolutionary Origins of Markets How Evolution Psychology and Biology Have Shaped the Economy

The Evolutionary Origins of Markets How Evolution Psychology and Biology Have Shaped the Economy

Our elaborate market exchange system owes its existence not to our calculating brain or insatiable self-centeredness but rather to our sophisticated and nuanced human sociality and to the inherent rationality built into our emotions. The modern economic system is helped a lot more than hindered by our innate social instincts that support our remarkable capacity for building formal and informal institutions. The book integrates the growing body of experimental evidence on human nature scattered across a variety of disciplines from experimental economics to social neuroscience into a coherent and original narrative about the extent to which market (or impersonal exchange) relations are reflective of the basic human sociality that was originally adapted to a more tribal existence. An accessible resource this book will appeal to students of all areas of economics including Behavioral Economics and Neuro-Economics Microeconomics and Political Economy. | The Evolutionary Origins of Markets How Evolution Psychology and Biology Have Shaped the Economy

GBP 36.99
1

The Economics of Sports

The Economics of Sports

The sports industry provides a seemingly endless set of examples from every area of microeconomics giving students the opportunity to study economics in a context that holds their interest. Thoroughly updated to reflect the current landscape The Economics of Sports introduces core economic concepts and theories and applies them to US and international sports. Divided into five parts the book focuses on three major areas of the economics of sports: industrial organization public economics and labor economics. Updates for this seventh edition include: • An entirely new chapter on sports gambling and a fully revised section on intercollegiate sports; • Updated material on social justice in sports and the impact of the COVID-19 pandemic on the industry; • More coverage of international sports e-sports and new biographical sketches. This well-presented and accessible text is supported by easy-to-follow pedagogical features such as end-of-chapter summaries and questions and a companion website which offers useful resources for students and instructors. It is the perfect textbook for intermediate and advanced undergraduate and graduate courses in sports economics.

GBP 150.00
1

Computable General Equilibrium Modeling Theory and Applications

Computable General Equilibrium Modeling Theory and Applications

Many books have been written on computable general equilibrium (CGE) modeling. However there are certain important areas for economic policy that have been largely overlooked. This intermediate/advanced text presents the topic as a methodology for the analysis of macro and fiscal policies in modern economies while introducing levels of disaggregation that are beyond the scope of standard macro models. The book begins by presenting the historical and intuitive background of general equilibrium analysis. Moving on computer software is introduced to derive numerical solutions for economic models. The authors provide examples of code bringing in data sources that have become the foundations of CGE applications. The methodology presented here which differs from other CGE books includes financial assets government budget deficits and debt financing of private investment. These topics are analyzed in the context of dynamic optimization generating endogenous variables such as inflation interest and growth rates. The book also devotes significant attention to the applications of CGE models to developing economies. This textbook comes with a range of downloadable supplements and will be a valuable resource for students taking a CGE course as part of a program in advanced microeconomics macroeconomics development economics or international trade economics. | Computable General Equilibrium Modeling Theory and Applications

GBP 39.99
1

A New Economic Anthropology

A New Economic Anthropology

Traditionally economic anthropology has been studied by sociologists anthropologists and philosophers seeking to highlight the social foundations of economic action. Meanwhile anthropological questions have remained largely untreated in economics despite the prominence given to the individual in microeconomics. And there is very little in the way of dialogue between the two sides. This book argues for a new economic anthropology which goes beyond the conflict of economics and anthropology to show the complementarity of the two approaches. Economics needs to go beyond the stage of homo oeconomicus and be open to broader ideas about the person. Equally anthropology can be enriched through the methods and models of economic theory. This new economic anthropology goes beyond a simple observation of societies. It is new because it introduces the responsible person with a wider range of characteristics in particular vulnerability and suffering as a subject of economics. It is a particular interpretation of economic anthropology calling for a broadening of the subject (moving from the individual to the person) range of values (admission of negative values for altruism social capital responsibility) and disciplinary references. Through this approach both economics and anthropology can be enriched. This book will be of great interest to those working in the fields of economics anthropology philosophy and development studies.

GBP 48.99
1

Family Burden Coefficient in China Exploratory Research and Application

Family Burden Coefficient in China Exploratory Research and Application

This book is a quantitative study of families in China that focuses specifically on the family burden coefficient. The aim is to provide a simple and accurate calculus for describing the level of family burden and thus provide guidance for policy. The topics explored include changes in China’s family and social policy the complexity of definitions and concepts relating to the family the theoretical and practical significance of the family burden coefficient how that coefficient is measured based on population size at different scales how measurement can be improved by factoring in types of family burden and how families can be classified according to their burden profile. The relationship between the family life cycle and family burden coefficient is also addressed before policy solutions are discussed. This book will be of interest to students and scholars in sociology Chinese studies and family studies. | Family Burden Coefficient in China Exploratory Research and Application

GBP 145.00
1

Engineering Science

Engineering Science

Engineering Science is a comprehensive textbook suitable for all vocational and pre-degree courses in engineering being fully in line with the latest vocational courses at Level 2 and leading into Level 3. Taking a subject-led approach engineering students will find the essential scientific principles necessary for their studies developed topic by topic. Unlike most textbooks available for this field it goes beyond the core science to include applications in the real world and the mechanical and electrical principles required for the majority of courses. It is supported by numerous worked examples and problems with a complete set of answers. This new edition gives a detailed consideration of the basic arithmetic algebraic and graphical methods needed in engineering courses so that it conforms completely with sections A and B of the BTEC Level 2 unit and it provides the basic tools for the science that follows. A new chapter introduces the basic principles of calculus and more material is given on applications. This includes typical properties of materials and a discussion on the way properties of materials over the ages have changed the basic structures of bridges weightlessness snooker thermal insulation and LEDs as well as buildings with a particular look at the engineering behind the collapse of the World Trade Centre.

GBP 44.99
1

Latin American Economic Development

Latin American Economic Development

Latin America is one of the most intriguing parts of the world. The region’s illustrious history culture and geography are famous internationally but in terms of economics Latin America has been generally associated with problems. For many the combination of a resource-rich region and poor economic conditions has been a puzzle. This extensively revised and updated third edition of Latin American Economic Development continues to provide the most up-to-date exploration of why the continent can be considered to have underperformed how the various Latin American economies function and the future prospects for the region. The book addresses the economic problems of Latin America theme by theme. Changes and new features in this new edition include: a new chapter on economic growth that reflects the new understanding of slow growth in the region; two new appendices on basic microeconomics and macroeconomics; expanded coverage on new commodities such as lithium and quinoa; a number of new boxes and updates to existing boxes; for instructors PowerPoint presentations and an extensive test bank are available. The book provides a comprehensive text for undergraduate economics courses on Latin America and is also suitable for use by students in other disciplines looking for a wide-ranging guide to the region. This book will continue to be an invaluable resource for undergraduates looking at Latin American economics growth and development.

GBP 34.99
1

Macroeconomics in Context

Macroeconomics in Context

Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough up to date and relevant to students. Like its counterpart Microeconomics in Context the book is uniquely attuned to economic social and environmental realities. The “In Context” books offer engaging coverage of current topics including policy responses to recession and inflation inequality deficits and government debt economic impacts of the COVID-19 pandemic and the economics of environmental sustainability. This fourth edition includes: Improved and concise discussions of introductory topics especially on key economic activities macroeconomic goals and economic models Further emphasis on inequality environmental sustainability financialization the changing nature of work and international developments such as the role of transnational corporations and supply chain issues Discussion of the impacts of the COVID-19 pandemic on macroeconomic factors like well-being inequality and labor markets Presentation of policy issues in historical environmental institutional social political and ethical contexts including an updated discussion of fiscal policy in relation to the Biden administration’s infrastructure and social investment spending Clear explanations of basic economic concepts alongside more in-depth analysis of macroeconomics models and economic activity This book combines real-world relevance with a thorough grounding in multiple economic paradigms. It is the ideal textbook for modern introductory courses in macroeconomics. The book’s companion website is available at: http://www. bu. edu/eci/macro

GBP 56.99
1

Legal Origins and the Efficiency Dilemma

Legal Origins and the Efficiency Dilemma

Economists advise that the law should seek efficiency. More recently it has been suggested that common law systems are more conducive of economic growth than code-based civil law systems. This book argues that there is no theory to support such statements and provides evidence that rejects a 'one-size-fits-all' approach. Both common law and civil law systems are reviewed to debunk the relationship between the efficiency of the common law hypothesis and the alleged inferiority of codified law systems. Legal Origins and the Efficiency Dilemma has six aims: explaining the efficiency hypothesis of the common law since Posner’s 1973 book; summarizing the legal origins theory in the context of economic growth; debunking their relationship; discussing the meaning of 'common law' and the problems with the efficiency hypothesis by comparing laws across English speaking jurisdictions; illustrating the shortcomings of the legal origins theory with a comparative law and economics analysis; and concluding there is no theory and evidence to support the economic superiority of common law systems. Based on previous pieces by the authors this book expands their work by including new areas of analysis (such as trusts) detailing previous analysis (such as French law versus common law in the areas of contract property and torts) and updating for recent developments in the academic discourse. This volume is of interest to academics and students who study microeconomics comparative law and foundations of law as well as legal policy analysts.

GBP 39.99
1

Authoritarian Populism and the Rural World

Authoritarian Populism and the Rural World

The rise of authoritarian nationalist forms of populism and the implications for rural actors and settings is one of the most crucial foci for critical agrarian studies today with many consequences for political action. Authoritarian Populism and the Rural World reflects on the rural origins and consequences of the emergence of authoritarian and populist leaders across the world as well as on the rise of multi-class mobilisation and resistance alongside wider counter-movements and alternative practices which together confront authoritarianism and nationalist populism. The book includes 20 chapters written by contributors to the Emancipatory Rural Politics Initiative (ERPI) a global network of academics and activists committed to both reflective analysis and political engagement. Debates about ‘populism’ ‘nationalism’ ‘authoritarianism’ and more have exploded recently but relatively little of this has focused on the rural dimensions. Yet wherever one looks the rural aspects are key – not just in electoral calculus but in understanding underlying drivers of authoritarianism and populism and potential counter-movements to these. Whether because of land grabs voracious extractivism infrastructural neglect or lack of services rural peoples’ disillusionment with the status quo has had deeply troubling consequences and occasionally hopeful ones as the chapters in this book show. The chapters in this book were originally published in The Journal of Peasant Studies.

GBP 38.99
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