Obesity and the Economics of Prevention: Fit not Fat

The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production.

Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary.

General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field.

China's spectacular economic growth over the past two decades has dramatically depleted the country's natural resources and produced skyrocketing rates of pollution. Environmental degradation in China has also contributed to significant public health problems, mass migration, economic loss, and social unrest. In The River Runs Black, Elizabeth C. Economy examines China's growing environmental crisis and its implications for the country's future development.

Drawing on historical research, case studies, and interviews with officials, scholars, and activists in China, Economy traces the economic and political roots of China's environmental challenge and the evolution of the leadership's response. She argues that China's current approach to environmental protection mirrors the one embraced for economic development: devolving authority to local officials, opening the door to private actors, and inviting participation from the international community, while retaining only weak central control.

The result has been a patchwork of environmental protection in which a few wealthy regions with strong leaders and international ties improve their local environments, while most of the country continues to deteriorate, sometimes suffering irrevocable damage. Economy compares China's response with the experience of other societies and sketches out several possible futures for the country.

This second edition of The River Runs Black is updated with information about events between 2005 and 2009, covering China's tumultuous transformation of its economy and its landscape as it deals with the political implications of this behavior as viewed by an international community ever more concerned about climate change and dwindling energy resources.

Today's top financial professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and puts everyone at risk. In Plight of the Fortune Tellers, Riccardo Rebonato forcefully argues that we must restore genuine decision making to our financial planning. Presenting a financial model that uses probability, experimental psychology, and decision theory, Rebonato challenges us to rethink the standard wisdom about risk management. He offers a radical yet surprisingly commonsense solution: managing risk comes down to real people making decisions under uncertainty.

Plight of the Fortune Tellers is a must-read for anyone concerned about how today's financial markets are run. In a new preface, Rebonato explains how the ideas presented in this book fit into the context of the global financial crisis that followed its original publication. He argues that risk managers are still stuck in a probabilistic rut, and need to engage with the structural causes of real events.

If you think that global warming means slightly hotter weather and a modest rise in sea levels that will persist only so long as fossil fuels hold out (or until we decide to stop burning them), think again. In The Long Thaw, David Archer, one of the world's leading climatologists, predicts that if we continue to emit carbon dioxide we may eventually cancel the next ice age and raise the oceans by 50 meters. The great ice sheets in Antarctica and Greenland may take more than a century to melt, and the overall change in sea level will be one hundred times what is forecast for 2100. By comparing the global warming projection for the next century to natural climate changes of the distant past, and then looking into the future far beyond the usual scientific and political horizon of the year 2100, Archer reveals the hard truths of the long-term climate forecast.

Archer shows how just a few centuries of fossil-fuel use will cause not only a climate storm that will last a few hundred years, but dramatic climate changes that will last thousands. Carbon dioxide emitted today will be a problem for millennia. For the first time, humans have become major players in shaping the long-term climate. In fact, a planetwide thaw driven by humans has already begun. But despite the seriousness of the situation, Archer argues that it is still not too late to avert dangerous climate change--if humans can find a way to cooperate as never before.

Revealing why carbon dioxide may be an even worse gamble in the long run than in the short, this compelling and critically important book brings the best long-term climate science to a general audience for the first time.