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The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low interest rates. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy, driven by the desire to have sufficient assets in old age. On the other hand, the demand for capital is not increasing to the same extent, so that investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt.
This open access book offers a new, capital-theoretical perspective on the macroeconomic relationship between desired wealth and investment, and it presents new
The history of Britain and Ireland is incomprehensible without an understanding of the Christian faith that has shaped it. Introduced when the nations of these islands were still in their infancy, Christianity has provided the framework for their development from the beginning. Gerald Bray's
Britain and Africa in the twenty-first century offers the first book-length study of how Britain's relationship with Africa has fared since the fall of the 1997-2010 New Labour
The critically acclaimed global story of football in the twenty-first
An insightful, inspirational, amusing and honest guide to relationships for the modern single Christian
Peter James has spent his career strengthening and restoring historically significant structures all around the world, from Windsor Castle to the parliament buildings in Canada. In Saving the Pyramids, James brings his unique perspective to the structural engineering of ancient Egypt. After
'Indispensable, engaging and brilliant book about the pervasiveness of loneliness in the twenty-first century and its far-reaching impact...a hopeful book that couldn't be more important or timely.' Philippa Perry, author of The Book You Wish Your Parents Had
What is fascism in the twenty first century? What does Fascism mean at the beginning of the twenty-first century? When we pronounce this word, our memory goes back to the years between the two world wars and envisions a dark landscape of violence, dictatorships, and genocide. These images
The first in a two-volume survey, readers are invited to reexamine the history of the West and its art through a multifaceted modern lens. More than 40 artists are included who reflect the tremendous diversity, depth, and breadth of a field steeped in history. While some follow the traditions
The advent of new screening practices and viewing habits in the twenty-first century has spurred a public debate over what it means to be a 'cinephile.' In Anxious Cinephilia, Sarah Keller places these competing visions in historical and theoretical perspective, tracing how the love of movies
Explores the challenges facing democracies in the twenty-first century In Democratic Failure, Melissa Schwartzberg and Daniel Viehoff bring together a distinguished group of interdisciplinary scholars in political science, law, and philosophy to explore the key questions and challenges facing
This book analyzes the successes and impediments of various educational policies in Pakistan, Tajikistan, and Afghanistan. The authors analyze how current and past discourses on gender, religion, culture, politics, and the economy affect formal education and communal transformation in mountainous
Where can travel writing go in the twenty-first century? Author and lifelong travel writing aficionado Tim Hannigan sets out in search of this most venerable of genres, hunting down its legendary practitioners and confronting its greatest controversies. Is it ever okay for travel writers to make
In the early years of the twenty-first century, the US music industry created a new market for tweens, selling music that was cooler than Barney, but that still felt safe for children. In Tween Pop Tyler Bickford traces the dramatic rise of the 'tween' music industry, showing how it marshaled
Wittlinger takes a fresh look at German national identity in the 21st century and shows that it has undergone considerable changes since unification in 1990. Due to the external pressures of the post-cold war world and recent domestic developments, Germany has re-emerged as a nation which is less
Thomas Piketty--whose Capital in the Twenty-First Century pushed inequality to the forefront of public debate--wrote The Economics of Inequality as an introduction to the conceptual and factual background necessary for interpreting changes in economic inequality over time. This concise text has
The global financial crisis of 2008 revealed the damage done by unchecked housing speculation, yet in the ensuing years, the use of architecture as an investment tool has only accelerated, heightening inequality and contributing to worldwide financial instability. We rarely consider architecture to
Turkey and its recent ethno-religious transformation have had a strong impact on the state identity and country's relation to the Balkan Peninsula. This book examines Turkey's ethno-religious activism and power-related political strategies in the Balkans between 2002 and 2020, the period underthe
Political polarization and unrest are not exclusive to our era, but in the twenty-first century, we are living with seemingly unresolvable disagreements that threaten to tear our country apart. Discrimination, racism, tyranny, religious fundamentalism, political schisms, misogyny, 'fake news,'
An exploration of the moral and ethical implications of new biotechnologies Many of the ethical issues raised by new technologies have not been widely examined, discussed, or indeed settled. For example, robotics technology challenges the notion of personhood. Should a robot, capable of making
The most forward-looking spaces designed for rustic living in the twenty-first century. Across the globe, architects are creating innovative houses for country living, reimagining the way we escape into the natural world. Some combine industrial materials like metal and concrete with traditional
The discovery of ancient Egypt and the development of Egyptology are momentous events in intellectual and cultural history. The history of Egyptology is the story of the people, famous and obscure, who constructed the picture of ancient Egypt that we have today, recovered the Egyptian past while
At the turn of the twenty-first century, a tide of nonviolent youth movements swept across Eastern Europe. Young people demanded political change in repressive political regimes that emerged since the collapse of communism. The Serbian social movement Otpor (Resistance) played a vital role in