Annette Miae Kim
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780195369397
- eISBN:
- 9780199871032
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195369397.001.0001
- Subject:
- Economics and Finance, Financial Economics
Why have some countries been able to escape the usual dead end of international development efforts and build explosively growing capitalist economies? Based on years of fieldwork, this book provides ...
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Why have some countries been able to escape the usual dead end of international development efforts and build explosively growing capitalist economies? Based on years of fieldwork, this book provides an account of the first generation of entrepreneurs in Vietnam in comparison to those in other transition countries. Focusing on the emergence of private land development firms in Ho Chi Minh City, this book shows how within seven years the private sector produced the majority of all new houses in the real estate market. This book demonstrates that capitalist entrepreneurialism was not the result of state initiative, properly incentivized policies, or individual personality traits. Rather, a society-wide reconstruction of cognitive paradigms enabled entrepreneurs to emerge and transform Vietnam from a poor, centrally planned economy into one of the fastest growing, market economies in the world.Less
Why have some countries been able to escape the usual dead end of international development efforts and build explosively growing capitalist economies? Based on years of fieldwork, this book provides an account of the first generation of entrepreneurs in Vietnam in comparison to those in other transition countries. Focusing on the emergence of private land development firms in Ho Chi Minh City, this book shows how within seven years the private sector produced the majority of all new houses in the real estate market. This book demonstrates that capitalist entrepreneurialism was not the result of state initiative, properly incentivized policies, or individual personality traits. Rather, a society-wide reconstruction of cognitive paradigms enabled entrepreneurs to emerge and transform Vietnam from a poor, centrally planned economy into one of the fastest growing, market economies in the world.
You‐tien Hsing
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199568048
- eISBN:
- 9780191721632
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199568048.003.0003
- Subject:
- Business and Management, Political Economy
Chapter 2 discusses local politics at the municipal government level. It focuses on land battles in the urban core between high‐ranking state units (or “socialist land masters”) ...
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Chapter 2 discusses local politics at the municipal government level. It focuses on land battles in the urban core between high‐ranking state units (or “socialist land masters”) and municipal governments. It argues that while the socialist land masters occupy premium land parcels inherited from the planned economy, the municipal government's authority is reinforced by a modernist discourse, Western urban planning doctrines, and recent policies that grant authority over state‐owned urban land to the territorial government. Rather than settling the matter of power in the city, however, municipal leaders' granted authority is tested and defined by their political, regulatory, organizational, and moral authority in negotiations with those above, within, and below them. The municipal government's regulatory capacity is especially challenged by a fragmented real estate industry that includes players from state, non‐state, and hybrid sectors.Less
Chapter 2 discusses local politics at the municipal government level. It focuses on land battles in the urban core between high‐ranking state units (or “socialist land masters”) and municipal governments. It argues that while the socialist land masters occupy premium land parcels inherited from the planned economy, the municipal government's authority is reinforced by a modernist discourse, Western urban planning doctrines, and recent policies that grant authority over state‐owned urban land to the territorial government. Rather than settling the matter of power in the city, however, municipal leaders' granted authority is tested and defined by their political, regulatory, organizational, and moral authority in negotiations with those above, within, and below them. The municipal government's regulatory capacity is especially challenged by a fragmented real estate industry that includes players from state, non‐state, and hybrid sectors.
You‐tien Hsing
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199568048
- eISBN:
- 9780191721632
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199568048.003.0005
- Subject:
- Business and Management, Political Economy
Chapter 4 shifts the geographical focus to the urban edge of metropolitan centers, and from urban to rural land. It outlines the land battles between expansionist urban ...
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Chapter 4 shifts the geographical focus to the urban edge of metropolitan centers, and from urban to rural land. It outlines the land battles between expansionist urban governments at the municipal and district levels and rural governments at the county and township levels. The struggle between urban and rural governments is set in the historical shift in which industrialism has largely given way to urbanism since the late 1990s. Drawing on the changing political discourse, urban governments have moved to incorporate scattered industrial estates formerly controlled by rural governments. As a result, the urban fringe becomes a primary site of capital accumulation, territorial expansion, and consolidation vital to urban governments' local state‐building projects. The urban government's logic of property‐based accumulation and territorial expansion builds on itself and finds expression in massive‐scale mega projects like “new cities” and “university cities” built on former village land in the outskirts of the city.Less
Chapter 4 shifts the geographical focus to the urban edge of metropolitan centers, and from urban to rural land. It outlines the land battles between expansionist urban governments at the municipal and district levels and rural governments at the county and township levels. The struggle between urban and rural governments is set in the historical shift in which industrialism has largely given way to urbanism since the late 1990s. Drawing on the changing political discourse, urban governments have moved to incorporate scattered industrial estates formerly controlled by rural governments. As a result, the urban fringe becomes a primary site of capital accumulation, territorial expansion, and consolidation vital to urban governments' local state‐building projects. The urban government's logic of property‐based accumulation and territorial expansion builds on itself and finds expression in massive‐scale mega projects like “new cities” and “university cities” built on former village land in the outskirts of the city.
Lawrence Stone
- Published in print:
- 1993
- Published Online:
- October 2011
- ISBN:
- 9780198202547
- eISBN:
- 9780191675393
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198202547.003.0005
- Subject:
- History, British and Irish Early Modern History
This story is unusual only in the degree of brutality used by Thomas Trust in his efforts to force his wife to surrender to him her property, which had been settled on trustees for her exclusive use. ...
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This story is unusual only in the degree of brutality used by Thomas Trust in his efforts to force his wife to surrender to him her property, which had been settled on trustees for her exclusive use. Fathers of daughters had first begun to make these trusts in the late 17th century, and almost at once Chancery began to protect them. But many husbands naturally resisted, and the struggle to obtain possession of the trust estates of wives was fought out in household after household from then until the late 19th century, when Parliament at last legislated to provide secure protection for married women's property.Less
This story is unusual only in the degree of brutality used by Thomas Trust in his efforts to force his wife to surrender to him her property, which had been settled on trustees for her exclusive use. Fathers of daughters had first begun to make these trusts in the late 17th century, and almost at once Chancery began to protect them. But many husbands naturally resisted, and the struggle to obtain possession of the trust estates of wives was fought out in household after household from then until the late 19th century, when Parliament at last legislated to provide secure protection for married women's property.
FRANCES HARRIS
- Published in print:
- 1991
- Published Online:
- October 2011
- ISBN:
- 9780198202240
- eISBN:
- 9780191675232
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198202240.003.0024
- Subject:
- History, British and Irish Modern History
When Sarah died, she was in possession of twenty-seven estates, all of which she acquired on her own, and this was equivalent to a large amount of capital value, and even an annual rent roll. She ...
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When Sarah died, she was in possession of twenty-seven estates, all of which she acquired on her own, and this was equivalent to a large amount of capital value, and even an annual rent roll. She also kept a rather huge sum in the Bank of England, almost all of which was passed on to John Spencer upon her death. However, Spencer claimed to have no disposable money as bulk of this inheritance was used to cover legacy and debt payments. It is important to note that the debts that Marlborough left were so great that the extra income incurred did not have a significant impact on paying the debt. This final chapter states that the consolidation of Sarah's biography was not made until one of Sarah's descendants recognized and justified everything that Sarah had done for their family.Less
When Sarah died, she was in possession of twenty-seven estates, all of which she acquired on her own, and this was equivalent to a large amount of capital value, and even an annual rent roll. She also kept a rather huge sum in the Bank of England, almost all of which was passed on to John Spencer upon her death. However, Spencer claimed to have no disposable money as bulk of this inheritance was used to cover legacy and debt payments. It is important to note that the debts that Marlborough left were so great that the extra income incurred did not have a significant impact on paying the debt. This final chapter states that the consolidation of Sarah's biography was not made until one of Sarah's descendants recognized and justified everything that Sarah had done for their family.
Jean Tirole
- Published in print:
- 2010
- Published Online:
- October 2017
- ISBN:
- 9780691145235
- eISBN:
- 9781400834648
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691145235.003.0002
- Subject:
- Business and Management, Finance, Accounting, and Banking
This chapter aims to contribute to the debate on financial system reform. The first part describes what is perceived to be a massive regulatory failure, a breakdown that goes all the way from ...
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This chapter aims to contribute to the debate on financial system reform. The first part describes what is perceived to be a massive regulatory failure, a breakdown that goes all the way from regulatory fundamentals to prudential implementation. The second part discusses some implications of recent events for financial sector regulation. It argues that to avoid a repetition of the financial crisis, we need both to change public policies that contributed to the crisis (particularly the mortgage crisis) and to institute financial reforms. Desirable reforms of public policy regarding real estate lending include promoting consumer protection and reducing subsidies. Financial regulation must also be international. The creation of supranational regulatory structures has become increasingly urgent in a world in which institutions and counterparties are truly international.Less
This chapter aims to contribute to the debate on financial system reform. The first part describes what is perceived to be a massive regulatory failure, a breakdown that goes all the way from regulatory fundamentals to prudential implementation. The second part discusses some implications of recent events for financial sector regulation. It argues that to avoid a repetition of the financial crisis, we need both to change public policies that contributed to the crisis (particularly the mortgage crisis) and to institute financial reforms. Desirable reforms of public policy regarding real estate lending include promoting consumer protection and reducing subsidies. Financial regulation must also be international. The creation of supranational regulatory structures has become increasingly urgent in a world in which institutions and counterparties are truly international.
Peter Coss
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199560004
- eISBN:
- 9780191723094
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199560004.003.0010
- Subject:
- History, British and Irish Medieval History
The gentry were acutely law-minded. This was as true in the late 13th and early 14th centuries as ever it was to be later. At the heart of this law-mindedness was the need and the determination to ...
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The gentry were acutely law-minded. This was as true in the late 13th and early 14th centuries as ever it was to be later. At the heart of this law-mindedness was the need and the determination to protect their estates; perhaps one should say to protect their family and their estates, for in their thinking the two were essentially interchangeable. Protection has, of course, a purely physical dimension, and there can hardly have been a secular lord who would not have subscribed to the ethic of the strong, sword-bearing right arm in defence of one's rights. However, as historians have come to recognize, the real knee-jerk reaction if one's property was threatened was to the law, principally and increasingly throughout the 13th century and beyond to the courts of the English common law. It is a truism that this was a litigious age and that the gentry were litigious by predilection. Their law-mindedness, however, became so much a part of gentry behaviour as to be more than just a propensity to seek out writs and legal remedies. Rather it became deeply rooted in gentry culture itself. This aspect of gentry culture has a series of interlocking dimensions and an examination of these will be the subject of this chapter.Less
The gentry were acutely law-minded. This was as true in the late 13th and early 14th centuries as ever it was to be later. At the heart of this law-mindedness was the need and the determination to protect their estates; perhaps one should say to protect their family and their estates, for in their thinking the two were essentially interchangeable. Protection has, of course, a purely physical dimension, and there can hardly have been a secular lord who would not have subscribed to the ethic of the strong, sword-bearing right arm in defence of one's rights. However, as historians have come to recognize, the real knee-jerk reaction if one's property was threatened was to the law, principally and increasingly throughout the 13th century and beyond to the courts of the English common law. It is a truism that this was a litigious age and that the gentry were litigious by predilection. Their law-mindedness, however, became so much a part of gentry behaviour as to be more than just a propensity to seek out writs and legal remedies. Rather it became deeply rooted in gentry culture itself. This aspect of gentry culture has a series of interlocking dimensions and an examination of these will be the subject of this chapter.
Peter Coss
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199560004
- eISBN:
- 9780191723094
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199560004.003.0005
- Subject:
- History, British and Irish Medieval History
This chapter examines two estates whose records survive in the archive of the Multons of Frampton. One is Frampton itself, the home farm of the Multons. It represents the knightly, more established, ...
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This chapter examines two estates whose records survive in the archive of the Multons of Frampton. One is Frampton itself, the home farm of the Multons. It represents the knightly, more established, end of the gentry spectrum. The other is the estate of the Cobeldykes, centring upon Wyberton, representing the sub-knightly stratum of the gentry whose upward striving did so much to broaden and strengthen the character of the gentry. Their meagre patrimony was boosted by the profits of service of various kinds. The fact that their respective account rolls are both from precisely the same period, the mid- to late-1320s, makes their comparison all the more valuable. These estates are examined in terms of both their structure and their exploitation.Less
This chapter examines two estates whose records survive in the archive of the Multons of Frampton. One is Frampton itself, the home farm of the Multons. It represents the knightly, more established, end of the gentry spectrum. The other is the estate of the Cobeldykes, centring upon Wyberton, representing the sub-knightly stratum of the gentry whose upward striving did so much to broaden and strengthen the character of the gentry. Their meagre patrimony was boosted by the profits of service of various kinds. The fact that their respective account rolls are both from precisely the same period, the mid- to late-1320s, makes their comparison all the more valuable. These estates are examined in terms of both their structure and their exploitation.
Peter Coss
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199560004
- eISBN:
- 9780191723094
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199560004.003.0006
- Subject:
- History, British and Irish Medieval History
This chapter examines the degree to which gentry estates were commercially orientated. It shows that consumption needs were of vital importance, but landowners in general, or at least their ...
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This chapter examines the degree to which gentry estates were commercially orientated. It shows that consumption needs were of vital importance, but landowners in general, or at least their officials, required a degree of commercial sense if manors were to be run successfully. Although the search for agrarian capitalism in this period has tended to muddy the waters and there was no new spirit of enterprise enveloping the smaller landowners, it remains likely that some of the gentry were interested in estate management and even in farming techniques.Less
This chapter examines the degree to which gentry estates were commercially orientated. It shows that consumption needs were of vital importance, but landowners in general, or at least their officials, required a degree of commercial sense if manors were to be run successfully. Although the search for agrarian capitalism in this period has tended to muddy the waters and there was no new spirit of enterprise enveloping the smaller landowners, it remains likely that some of the gentry were interested in estate management and even in farming techniques.
Shanta Acharya and Elroy Dimson
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199210916
- eISBN:
- 9780191705816
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199210916.003.0006
- Subject:
- Economics and Finance, Financial Economics
Like absolute return strategies, property or real estate assets serve not only as a powerful diversifier, but they also protect the portfolio by generating returns that are not typically correlated ...
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Like absolute return strategies, property or real estate assets serve not only as a powerful diversifier, but they also protect the portfolio by generating returns that are not typically correlated with other traditional assets such as publicly traded equities. Colleges in Oxford and Cambridge historically owned significant property assets in their endowment portfolios. Their decision to maintain a relatively high proportion of property assets today is driven by the desire to diversify risk as well as to secure a steady source of income.Less
Like absolute return strategies, property or real estate assets serve not only as a powerful diversifier, but they also protect the portfolio by generating returns that are not typically correlated with other traditional assets such as publicly traded equities. Colleges in Oxford and Cambridge historically owned significant property assets in their endowment portfolios. Their decision to maintain a relatively high proportion of property assets today is driven by the desire to diversify risk as well as to secure a steady source of income.
Scott M. Eddie
- Published in print:
- 2008
- Published Online:
- May 2008
- ISBN:
- 9780198201663
- eISBN:
- 9780191718434
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198201663.001.0001
- Subject:
- History, European Modern History
The big landlords of eastern Germany have loomed large in Germany's history, but the absence of official statistics on land ownership has left their position and identity confined mostly to folklore, ...
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The big landlords of eastern Germany have loomed large in Germany's history, but the absence of official statistics on land ownership has left their position and identity confined mostly to folklore, without satisfactory quantification. This book, making extensive use of primary sources from the seven ‘core provinces’ of eastern Germany (East Elbia), establishes answers to questions pivotal to our understanding of pre-war Germany: who were the biggest land owners, both by area and by the value of their land? Which social groups held land, how much, and where? How did this change, especially during the last decades before 1914? The bourgeoisie had made substantial inroads into land ownership by the mid-1850s, in at least some areas even before the mid-1830s. Despite rapid industrialization after 1880, the process was reversed, so there was a net exodus of bourgeois owners from the ranks of large land owners, just as there was of lesser nobility (barons and untitled nobles). On the eve of war, ownership of large estates was even more concentrated in the hands of the Prussian state, the Prussian royal family, and the higher nobility than it had been in the early 1880s. Among the other contributions of this book are analysis of the extent of rural industry in East Elbia, evaluation of the land endowment of the seven provinces, description of the ownership of knight's estates, and investigation of possible favouritism in the land tax assessment system.Less
The big landlords of eastern Germany have loomed large in Germany's history, but the absence of official statistics on land ownership has left their position and identity confined mostly to folklore, without satisfactory quantification. This book, making extensive use of primary sources from the seven ‘core provinces’ of eastern Germany (East Elbia), establishes answers to questions pivotal to our understanding of pre-war Germany: who were the biggest land owners, both by area and by the value of their land? Which social groups held land, how much, and where? How did this change, especially during the last decades before 1914? The bourgeoisie had made substantial inroads into land ownership by the mid-1850s, in at least some areas even before the mid-1830s. Despite rapid industrialization after 1880, the process was reversed, so there was a net exodus of bourgeois owners from the ranks of large land owners, just as there was of lesser nobility (barons and untitled nobles). On the eve of war, ownership of large estates was even more concentrated in the hands of the Prussian state, the Prussian royal family, and the higher nobility than it had been in the early 1880s. Among the other contributions of this book are analysis of the extent of rural industry in East Elbia, evaluation of the land endowment of the seven provinces, description of the ownership of knight's estates, and investigation of possible favouritism in the land tax assessment system.
Julian Swann
- Published in print:
- 2013
- Published Online:
- January 2014
- ISBN:
- 9780197265383
- eISBN:
- 9780191760433
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197265383.003.0001
- Subject:
- History, European Early Modern History
This chapter examines the historiographical debates inspired by the French Revolution, discussing how the impact of the Revisionist attack on the social (or Marxist) interpretation led to a richer, ...
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This chapter examines the historiographical debates inspired by the French Revolution, discussing how the impact of the Revisionist attack on the social (or Marxist) interpretation led to a richer, but ultimately more confused picture as historians pursued a wide variety of political, cultural, and intellectual approaches to the origins of 1789. It argues that current historiography has reached something of an impasse and that in order to understand the breakdown of the absolute monarch it is necessary to reconsider the central political preoccupations of the absolute monarchy, that is to say its military, diplomatic, colonial, and financial policies, and to examine how these interacted with broader social and cultural issues, such as the need to manage social elites, to cope with the expectations of public opinion, and to cope with the broader intellectual changes that were undermining deference for a monarch still officially justified as reigning by the grace of God.Less
This chapter examines the historiographical debates inspired by the French Revolution, discussing how the impact of the Revisionist attack on the social (or Marxist) interpretation led to a richer, but ultimately more confused picture as historians pursued a wide variety of political, cultural, and intellectual approaches to the origins of 1789. It argues that current historiography has reached something of an impasse and that in order to understand the breakdown of the absolute monarch it is necessary to reconsider the central political preoccupations of the absolute monarchy, that is to say its military, diplomatic, colonial, and financial policies, and to examine how these interacted with broader social and cultural issues, such as the need to manage social elites, to cope with the expectations of public opinion, and to cope with the broader intellectual changes that were undermining deference for a monarch still officially justified as reigning by the grace of God.
Munro Price
- Published in print:
- 2013
- Published Online:
- January 2014
- ISBN:
- 9780197265383
- eISBN:
- 9780191760433
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197265383.003.0005
- Subject:
- History, European Early Modern History
The actions and writings during the pre-revolution of the maréchal de Castries, minister of the marine from 1780 to 1787, shed significant new light on the absolute monarchy at the moment of its ...
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The actions and writings during the pre-revolution of the maréchal de Castries, minister of the marine from 1780 to 1787, shed significant new light on the absolute monarchy at the moment of its fall. Castries resigned his ministry in September 1787, a gesture that was widely and correctly interpreted as a refusal to serve under the new first minister, Loménie de Brienne. Yet from his retirement Castries sent a series of memoranda, most probably to his patroness Marie Antoinette, detailing his views on almost every aspect of the unfolding crisis right up until July 1789. They reveal Castries as an ‘English-style’ constitutional monarchist, convinced that the crown's problems could only be solved by the speedy convocation of the estates general, without whose consent taxation would henceforth be illegal. Castries' role in the years 1787–1789 thus offers a prime example of the loss of confidence in the absolute monarchy among those who should have been its staunchest defenders.Less
The actions and writings during the pre-revolution of the maréchal de Castries, minister of the marine from 1780 to 1787, shed significant new light on the absolute monarchy at the moment of its fall. Castries resigned his ministry in September 1787, a gesture that was widely and correctly interpreted as a refusal to serve under the new first minister, Loménie de Brienne. Yet from his retirement Castries sent a series of memoranda, most probably to his patroness Marie Antoinette, detailing his views on almost every aspect of the unfolding crisis right up until July 1789. They reveal Castries as an ‘English-style’ constitutional monarchist, convinced that the crown's problems could only be solved by the speedy convocation of the estates general, without whose consent taxation would henceforth be illegal. Castries' role in the years 1787–1789 thus offers a prime example of the loss of confidence in the absolute monarchy among those who should have been its staunchest defenders.
Donald Maurice
- Published in print:
- 2004
- Published Online:
- May 2008
- ISBN:
- 9780195156904
- eISBN:
- 9780199868339
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195156904.003.0011
- Subject:
- Music, History, Western
This chapter explores the complexities of copyright law, highlighting the extraordinary uniqueness of the circumstances that surround this work. With two wills (Hungarian and American), differing ...
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This chapter explores the complexities of copyright law, highlighting the extraordinary uniqueness of the circumstances that surround this work. With two wills (Hungarian and American), differing laws in Hungary and the United States, two sons from different mothers, the saga of the Bartók Estate, the existence of two Bartók Archives (Budapest and Florida), and finally the co-existence of different copyright periods in different parts of the world, the issues are indeed complex. The chapter concludes that copyright on the Viola Concerto expired in Australasia in 1999, but continues elsewhere until 2024. The use of materials produced in Australasia in other parts of the world, particularly the sales of scores and recordings, remains a grey area.Less
This chapter explores the complexities of copyright law, highlighting the extraordinary uniqueness of the circumstances that surround this work. With two wills (Hungarian and American), differing laws in Hungary and the United States, two sons from different mothers, the saga of the Bartók Estate, the existence of two Bartók Archives (Budapest and Florida), and finally the co-existence of different copyright periods in different parts of the world, the issues are indeed complex. The chapter concludes that copyright on the Viola Concerto expired in Australasia in 1999, but continues elsewhere until 2024. The use of materials produced in Australasia in other parts of the world, particularly the sales of scores and recordings, remains a grey area.
Robert J. Shiller
- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198294184
- eISBN:
- 9780191596926
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198294182.003.0005
- Subject:
- Economics and Finance, Macro- and Monetary Economics, Financial Economics
There are other income factors, besides the aggregate national income and labour income factors discussed in Ch. 4, that contribute as much uncertainty to the incomes of individuals and organizations ...
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There are other income factors, besides the aggregate national income and labour income factors discussed in Ch. 4, that contribute as much uncertainty to the incomes of individuals and organizations as do many risks currently traded in financial markets. If those who retail insurance policies against risks of changes in values of claims on incomes or service flows are to be able to tailor their insurance to the various exposures that their different clients have to these risks, they will want to layoff in hedging markets the risks of changes in these income factors that influence them because they are providing the insurance policies. This chapter considers some of the most salient of these other markets: real estate, unincorporated business, and privately held corporations, consumer and producer price index futures, agriculture, and art and collectibles. It also presents some ideas on systematic approaches to finding other markets, including modelling the tendency for co‐movement of incomes and inferring the underlying factors, i.e. looking for the major risk factors to incomes for which new markets would be most useful.Less
There are other income factors, besides the aggregate national income and labour income factors discussed in Ch. 4, that contribute as much uncertainty to the incomes of individuals and organizations as do many risks currently traded in financial markets. If those who retail insurance policies against risks of changes in values of claims on incomes or service flows are to be able to tailor their insurance to the various exposures that their different clients have to these risks, they will want to layoff in hedging markets the risks of changes in these income factors that influence them because they are providing the insurance policies. This chapter considers some of the most salient of these other markets: real estate, unincorporated business, and privately held corporations, consumer and producer price index futures, agriculture, and art and collectibles. It also presents some ideas on systematic approaches to finding other markets, including modelling the tendency for co‐movement of incomes and inferring the underlying factors, i.e. looking for the major risk factors to incomes for which new markets would be most useful.
Alan Harding
- Published in print:
- 2002
- Published Online:
- January 2010
- ISBN:
- 9780198219583
- eISBN:
- 9780191717574
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198219583.001.0001
- Subject:
- History, British and Irish Medieval History
The state is the most powerful and contested of political ideas, both loved for its promise of order and hated for its threat of coercion. This book shows how the idea first emerged from medieval ...
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The state is the most powerful and contested of political ideas, both loved for its promise of order and hated for its threat of coercion. This book shows how the idea first emerged from medieval systems for the administration of justice and enforcement of peace. These provided new models of government from the centre, successfully in France and England, less so in Germany. The law courts and legislation of French and English kings are described establishing public order, defining rights to property and liberty, and structuring commonwealths by ‘estates’. In the final chapters it is shown how the concept of the state was used by political commentators in the wars of the late Middle Ages and Reformation period, and how the law-based ‘state of the king and the kingdom’ began to be transformed into the politically dynamic ‘modern state’.Less
The state is the most powerful and contested of political ideas, both loved for its promise of order and hated for its threat of coercion. This book shows how the idea first emerged from medieval systems for the administration of justice and enforcement of peace. These provided new models of government from the centre, successfully in France and England, less so in Germany. The law courts and legislation of French and English kings are described establishing public order, defining rights to property and liberty, and structuring commonwealths by ‘estates’. In the final chapters it is shown how the concept of the state was used by political commentators in the wars of the late Middle Ages and Reformation period, and how the law-based ‘state of the king and the kingdom’ began to be transformed into the politically dynamic ‘modern state’.
Susan Oosthuizen
- Published in print:
- 2019
- Published Online:
- May 2020
- ISBN:
- 9780197266588
- eISBN:
- 9780191896040
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197266588.003.0021
- Subject:
- Archaeology, Historical Archaeology
The chapter focuses on ancient traditions of collective governance over agricultural resources in the context of the growth of early medieval lordship. It begins by drawing attention to the ...
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The chapter focuses on ancient traditions of collective governance over agricultural resources in the context of the growth of early medieval lordship. It begins by drawing attention to the incorporation in highly regular medieval open-field systems found across the English ‘Central Province’ of two contradictory forms of governance: the collective participation of all cultivators in their management and regulation, and highly directive managerialism on lordly demesnes. It investigates that contradiction by exploring the ancient origins of the collective governance of pasture and of irregularly organised open-field arable; and the more recent origins of highly regular open-field systems on middle Anglo-Saxon ecclesiastical estates. The chapter concludes that the emergence of distinctive highly organised large-scale open-field systems in the Central Province may represent the deliberate integration in the interests of agricultural efficiency of long traditions of collective peasant governance with the growing directiveness of early medieval lordly power.Less
The chapter focuses on ancient traditions of collective governance over agricultural resources in the context of the growth of early medieval lordship. It begins by drawing attention to the incorporation in highly regular medieval open-field systems found across the English ‘Central Province’ of two contradictory forms of governance: the collective participation of all cultivators in their management and regulation, and highly directive managerialism on lordly demesnes. It investigates that contradiction by exploring the ancient origins of the collective governance of pasture and of irregularly organised open-field arable; and the more recent origins of highly regular open-field systems on middle Anglo-Saxon ecclesiastical estates. The chapter concludes that the emergence of distinctive highly organised large-scale open-field systems in the Central Province may represent the deliberate integration in the interests of agricultural efficiency of long traditions of collective peasant governance with the growing directiveness of early medieval lordly power.
Stephen Baxter
- Published in print:
- 2007
- Published Online:
- January 2008
- ISBN:
- 9780199230983
- eISBN:
- 9780191710940
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199230983.003.0004
- Subject:
- History, British and Irish Medieval History
This chapter uses the Domesday Book to map and quantify the estates held by the house of Leofwine, and to suggest how they were acquired. The Leofwinesons held land in twenty-one different shires ...
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This chapter uses the Domesday Book to map and quantify the estates held by the house of Leofwine, and to suggest how they were acquired. The Leofwinesons held land in twenty-one different shires assessed at approximately 1,000 hides and 1,100 carucates, and worth about £2,850 per annum. By comparison, the king held estates worth about £8,000, and the house of Godwine held estates worth about £5,600 per annum. This demonstrates that the (currently fashionable) argument that the house of Godwine held more land than the king is without foundation. The chapter also shows that the majority of earls' estates were loaned to them by the king on a temporary and revocable basis for the duration of their period in office. The tenurial resources of the earls of Mercia were thus considerable, but insecurely held.Less
This chapter uses the Domesday Book to map and quantify the estates held by the house of Leofwine, and to suggest how they were acquired. The Leofwinesons held land in twenty-one different shires assessed at approximately 1,000 hides and 1,100 carucates, and worth about £2,850 per annum. By comparison, the king held estates worth about £8,000, and the house of Godwine held estates worth about £5,600 per annum. This demonstrates that the (currently fashionable) argument that the house of Godwine held more land than the king is without foundation. The chapter also shows that the majority of earls' estates were loaned to them by the king on a temporary and revocable basis for the duration of their period in office. The tenurial resources of the earls of Mercia were thus considerable, but insecurely held.
Nigel Aston
- Published in print:
- 1992
- Published Online:
- October 2011
- ISBN:
- 9780198202844
- eISBN:
- 9780191675553
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198202844.001.0001
- Subject:
- History, European Modern History, History of Religion
This book offers a scholarly study in English of the bishops of the French church at the outbreak of the French Revolution. The 130 members of the episcopate formed an elite within an elite, the ...
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This book offers a scholarly study in English of the bishops of the French church at the outbreak of the French Revolution. The 130 members of the episcopate formed an elite within an elite, the First Estate of France. The book explores the role of the episcopate in national and provincial politics in the last years of the ancien régime. It traces the policies and patronage of episcopal ministers such as Lomiénie de Brienne and J.-M. Champion de Cicé, who were as much politicians as pastors, and examines their relationships with their fellow bishops. The book emphasises the leading role of the bishops in the Assemblies of Notables and offers an interpretation of clerical elections to the Estates-General of 1789.Less
This book offers a scholarly study in English of the bishops of the French church at the outbreak of the French Revolution. The 130 members of the episcopate formed an elite within an elite, the First Estate of France. The book explores the role of the episcopate in national and provincial politics in the last years of the ancien régime. It traces the policies and patronage of episcopal ministers such as Lomiénie de Brienne and J.-M. Champion de Cicé, who were as much politicians as pastors, and examines their relationships with their fellow bishops. The book emphasises the leading role of the bishops in the Assemblies of Notables and offers an interpretation of clerical elections to the Estates-General of 1789.
David T. Beers and Neil Wallace
- Published in print:
- 2013
- Published Online:
- October 2017
- ISBN:
- 9780691158709
- eISBN:
- 9781400847648
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691158709.003.0007
- Subject:
- Economics and Finance, Economic History
This chapter examines the recent substantial depreciation of the Hong Kong dollar. From 1974 until October 1983, Hong Kong's officially professed monetary policy allowed both the quantity and the ...
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This chapter examines the recent substantial depreciation of the Hong Kong dollar. From 1974 until October 1983, Hong Kong's officially professed monetary policy allowed both the quantity and the exchange value of Hong Kong currency to be determined by market forces (or to float). Between mid-1980 and October 1983, when the government announced a new policy, the U.S. dollar value of the Hong Kong dollar fell about 33 percent. During that period, there also occurred substantial declines (even in terms of local currency) in all the value of assets located in Hong Kong—Hong Kong real estate and common stock in Hong Kong companies. The chapter first provides an overview of Hong Kong's monetary system before discussing its official float policy. It also considers the options available to the Hong Kong government if it were to have pegged the exchange rate for its currency to one or several foreign currencies.Less
This chapter examines the recent substantial depreciation of the Hong Kong dollar. From 1974 until October 1983, Hong Kong's officially professed monetary policy allowed both the quantity and the exchange value of Hong Kong currency to be determined by market forces (or to float). Between mid-1980 and October 1983, when the government announced a new policy, the U.S. dollar value of the Hong Kong dollar fell about 33 percent. During that period, there also occurred substantial declines (even in terms of local currency) in all the value of assets located in Hong Kong—Hong Kong real estate and common stock in Hong Kong companies. The chapter first provides an overview of Hong Kong's monetary system before discussing its official float policy. It also considers the options available to the Hong Kong government if it were to have pegged the exchange rate for its currency to one or several foreign currencies.
