NORntHOLIAND Commodities and Capabilities By AMARTYA SEN, All Souls College, Oxford, U.K. LECTURES IN ECONOMICS, Theory, Institutions, Policy. Volume 7 1985. xii -f 130 pages. US $35.25/Dfl. 95.00. ISBN 0-444-87730-4 g Energy and Time in tiie • Economic and Piiysicai • Sciences ^= Papers and Comments ^ = ^ ^ ^ ^= ^ ^ ^ Workshop. Wolfheze, The Netherlands, June 1984 Edited by W. VAN GOOL, State University Utrecht, The Netherlands, and J.J.C. BRUGGINK, Energy Study Centre, ECN Petten. The Netherlands with the cooperation of J.A. OVER, ECS Petten, The Netherlands andJ.L. SWEENEY, EMF Stanford, U.S.A. E ^ 1985 xvi •»- 386 pages US $59.25/Dfl. 160.00 ISBN 0-444-87748-7 Claims Reserving in Non-Life Insurance By G.C. TAYLOR, E.S. Knight & Co. Research Centre, E.S. Knight & Co., Consulting Actuaries Sydney, N.S.W.. Australia INSURANCE SERIES, Volume 1 1985. xii -»- 224 pages. US $55.50/Dfi. 150.00 ISBN 0-444-87846-7 Post-War Economic Growth Revisited byG. BOMBACH, Institut fur Angewandte Wirtschaftsforschung, Universitat Basel LECTURES IN ECONOMICS: Theory. Institutions, Policy, Volume 6 1985 viii •»• 148 pages (Paperback) US $29.75/Dfl. 80.00 ISBN 0-444-87729-0 This monograph explores the foundations of welfare economics — in particular the assessment of personal well-being and advantage. Arguments are presented against the usual concentration on 'utility' (as in traditional welfare economics) and on 'opulence' (as in 'real income' estimations and other normative measurements). An alternative framework is developed for the analysis of personal well-being based on assessing 'functionings' and the 'capability to function' — i.e. what a person can do or can be. In this book, the central themes are energy and time: all processes in society have to run at finite rates and this leads necessarily to losses of high quality energy. Economics recognizes the value of energy as a cost factor of production. The major question is whether or not the long term aspects of exhausting non-renewable energy resources is adequately taken care of by the economic decision procedures. In this book, the problem is approached from many directions as it should be in an interdisciplinary activity. This first volume in the series surveys methods of analysis of non-life insurance claims data and projection of outstanding claims. The majority of methodology developed over the last decade is described and assessed in detail. Chapters 1 to 6 discuss the state of the art and various generalities of the background to claims reserving, arguing the case for stochastic models. Chapters 7 to 10 provide details of the various claims reserving techniques. The last part discusses a number of matters which, while not specific to any particular method of estimating outstanding claims. nevertheless form part of the backdrop against which decisions as to the estimates of outstandings to be adopted must be made. This book takes a retrospective look at growth during the post-war epoch and also dwells on the question of to what extent neo-classical growth theory helps one to understand and interpret what has occurred, and how future prospects appear. CONTENTS: Preface Chapters 1: Growth and Anti-Growth 2: Alternative Explanations of the Changing Growth Pertormance 3: The Productivity Puzzle and Conclusions Summary and Conclusions Bibliography Statistical Index. ELSEVIER SCIENCE PUBLISHERS P.O. Box 211,1000 AE Amsterdam, The Netherlands For customers in the U.S.A. and Canada: ELSEVIER SCIENCE PUBLISHING CO., INC. P.O. Box 1663, Grand Central Station, New York, N.Y. 10163 ON/BKS/092 Copyright of Journal of Political Economy is the property of University of Chicago Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.
