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The Economic Mind in America: Essays in the History of American Economics (Perspectives On The History Of Economic Thought Ser.)
by Malcolm RutherfordThe Economic mind of America examines: * the concept of 'American' economic thought * reassessment of pioneering American policy analysts such as Irving Fisher, Wesley Mitchell, Harold Moulton and Leo Paslovsky, as well as the theoretical contributions of Herbert Davenport and Frank Knight * Thorstein Veblen's institutional economics and an explora
The Economic Naturalist's Field Guide: Common Sense Principles for Troubled Times
by Robert H. FrankAsk a dozen talking heads about the course of action we should take to right the economy and you'll get thirteen different answers. But what if we possessed a handful of basic principles that could guide our decisions-both the personal ones about how to save and spend but also those national ones that have been capturing the headlines?Robert H. Frank has been illustrating these principles longer and more clearly than anyone else. In The Economic Naturalist's Field Guide, he reveals how they play out in Washington, on Wall Street, and in our own lives, covering everything from healthcare to tax policy to everyday decisions about what we do with our money. In today's uncertain economic climate, The Economic Naturalist's Field Guide's insights have more bearing than ever on our pocketbooks, policies, and personal happiness.
The Economic Naturalist: In Search Of Explanations For Everyday Enigmas
by Robert H. FrankWhy do the keypads on drive-up cash machines have Braille dots? Why are round-trip fares from Orlando to Kansas City higher than those from Kansas City to Orlando? For decades, Robert Frank has been asking his economics students to pose and answer questions like these as a way of learning how economic principles operate in the real world-which they do everywhere, all the time. Once you learn to think like an economist, all kinds of puzzling observations start to make sense. Drive-up ATM keypads have Braille dots because it's cheaper to make the same machine for both drive-up and walk-up locations. Travelers from Kansas City to Orlando pay less because they are usually price-sensitive tourists with many choices of destination, whereas travelers originating from Orlando typically choose Kansas City for specific family or business reasons. The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost-benefit principle, the "no cash on the table" principle, and the law of one price. This is as delightful and painless a way to learn fundamental economics as there is.
The Economic Naturalist: In Search of Explanations for Everyday Enigmas
by Robert H. FrankWhy do the keypads on drive-up cash machines have Braille dots? Why are round-trip fares from Orlando to Kansas City higher than those from Kansas City to Orlando? For decades, Robert Frank has been asking his economics students to pose and answer questions like these as a way of learning how economic principles operate in the real world-which they do everywhere, all the time. Once you learn to think like an economist, all kinds of puzzling observations start to make sense. Drive-up ATM keypads have Braille dots because it's cheaper to make the same machine for both drive-up and walk-up locations. Travelers from Kansas City to Orlando pay less because they are usually price-sensitive tourists with many choices of destination, whereas travelers originating from Orlando typically choose Kansas City for specific family or business reasons. The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost-benefit principle, the "no cash on the table” principle, and the law of one price. This is as delightful and painless a way to learn fundamental economics as there is.
The Economic Organisation of a Financial System
by Edwin H NeaveThis book develops a descriptive theory of a financial system's organisations and functions. It uses an institutional economics framework to reconcile different approaches, including neo-classical financial theory and managerial finance. It will be useful for anyone who wishes to study a qualitative economic theory of financial system activity.
The Economic Organisation of a Financial System (Routledge Library Editions: Financial Markets #17)
by Edwin NeaveOriginally published in 1991, The Economic Organisation of a Financial System develops a descriptive theory of a financial system’s organisation and functions and applies the theory of organisational economics to the study of a financial system. The book attempts to reconcile neoclassical financial theory and managerial finance by synthesising the main findings of these studies within an institutional economics framework. The book helps to relate the complementary perspectives of current theory and current practice and aims to strengthen the relations between both theory and practice. The book’s contents provide a detailed illustration of how organisational economics can be put to work.
The Economic Organization: With An Article, "notes On Utility And Costs" (Reprints Of Economic Classics Ser.)
by Karl G. HeiderWhen originally released, Frank Hyneman Knight's The Economic Organization revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight's circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress.The Economic Organization provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight's "wheel of wealth" the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on "Utility and Cost," which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory.This expanded edition of The Economic Organization includes a new introduction by Ross B. Emmett, which expands upon the short note on capital theory inserted in the original. Knight wrote three versions of the note for student use, and all three are included in the second chapter. Few books have changed the landscape of American economics and economic education as much as Knight's The Economic Organization. This book should be read by all economists, historians, and policy makers.
The Economic Organization: With Notes On Cost And Utility
by Frank H KnightOriginally published in 1933, The Economic Organization laid the foundation of a new wave of the study of Economics in America. Written by the co-founder of the Chicago School of Economics, Frank H. Knight, it still holds a great deal of value for the modern student of Ecomonics."It contains the elements of theory that helped to establish for Chicago its eminence in neoclassical economics." International Encyclopedia of the Social Sciences."Took on the status of a minor classic ... Some ... features ... have become standard ingredients of virtually every introductory textbook." M. Blaug Great Economists Before Keynes
The Economic Origin of Political Parties (Elements in Political Economy)
by Christopher Kam Adlai NewsonThis Element examines how the changing economic basis of parliamentary elections in nineteenth century England and Wales contributed to the development of modern parties and elections. Even after the 1832 Reform Act expanded the British electorate, elections in many constituencies went uncontested, party labels were nominal, and candidates spent large sums treating and bribing voters. By the end of the century, however, almost every constituency was contested, candidates stood as representatives of national parties, and campaigns were fought on the basis of policies. We show how industrialization, the spread of literacy, and the rise of cheap newspapers, encouraged candidates to enter and contest constituencies. The increased expense that came from fighting frequent elections in larger constituencies induced co-partisan candidates to form slates. This imparted a uniform partisan character to parliamentary elections that facilitated the emergence of programmatic political parties.
The Economic Other: Inequality in the American Political Imagination
by Meghan Condon Amber WichowskyEconomic inequality is at a record high in the United States, but public demand for redistribution is not rising with it. Meghan Condon and Amber Wichowsky show that this paradox and other mysteries about class and US politics can be solved through a focus on social comparison. Powerful currents compete to propel attention up or down—toward the rich or the poor—pulling politics along in the wake. Through an astute blend of experiments, surveys, and descriptions people offer in their own words, The Economic Other reveals that when less-advantaged Americans compare with the rich, they become more accurate about their own status and want more from government. But American society is structured to prevent upward comparison. In an increasingly divided, anxious nation, opportunities to interact with the country’s richest are shrinking, and people prefer to compare to those below to feel secure. Even when comparison with the rich does occur, many lose confidence in their power to effect change. Laying bare how social comparisons drive political attitudes, The Economic Other is an essential look at the stubborn plight of inequality and the measures needed to solve it.
The Economic Partnership Between India and Taiwan in a Post-ECFA Ecosystem
by Joe Thomas KarackattuThe partnership between India and Taiwan is situated in a virtual maze of complex political factors. Given the core issue of contestation of Taiwan's political status in world affairs and India's adherence to the "One China" policy, the relationship remains a fragile one for both partners. In recent years, Taiwan has signed the Cross-Strait Economic Cooperation Framework Agreement (ECFA) with Mainland China. Increasingly, its political and economic future (including its relationships with countries such as India) will continue to be linked with Mainland China. This book closely examines the partnership between India and Taiwan within the new post-ECFA setting that Taiwan finds itself in. It explicates the shifts and continuities in Taiwan's economic relationship with Mainland China, discusses how partnership with India could become a crucial pivot of Taiwan's foreign policy in the coming years, and argues why this partnership is vital for the "take-off " of India's own economic growth targets. The book identifies specific avenues for India and Taiwan to benefit from the economic growth success stories that they have come to represent over these years and outlines policy realignments that could allow India and Taiwan to best realize their mutuality of interests.
The Economic Philosophy of the Internet of Things (Routledge Studies in the Economics of Innovation)
by James JuniperTo properly understand the nature of the digital economy we need to investigate the phenomenon of a "ubiquitous computing system" (UCS). As defined by Robin Milner, this notion implies the following characteristics: (i) it will continually make decisions hitherto made by us; (ii) it will be vast, maybe 100 times today’s systems; (iii) it must continually adapt, on-line, to new requirements; and, (iv) individual UCSs will interact with one another. This book argues that neoclassical approaches to modelling economic behaviour based on optimal control by "representative-agents" are ill-suited to a world typified by concurrency, decentralized control, and interaction. To this end, it argues for the development of new, process-based approaches to analysis, modelling, and simulation. The book provides the context—both philosophical and mathematical—for the construction and application of new, rigorous, and meaningful analytical tools. In terms of social theory, it adopts a Post-Cognitivist approach, the elements of which include the nature philosophy of Schelling, Marx’s critique of political economy, Peircean Pragmatism, Whitehead’s process philosophy, and Merleau-Ponty’s phenomenology of the flesh, along with cognitive scientific notions of embodied cognition and neural Darwinism, as well as more questionable notions of artificial intelligence that are encompassed by the rubric of "perception-and-action-without-intelligence".
The Economic Pinch
by Charles A. Lindbergh Sr.Charles A. Lindbergh, Sr. was a long-time U.S. Representative from northern Minnesota, and an outspoken critic of national finance and World War I. This book was published in anticipation of Lindbergh’s campaign for the Minnesota governorship in 1924, and would have been the first Minnesota governor from the Farmer-Labor Party if he had been elected. Sadly, he passed away on May 24, 1924.
The Economic Pivot in a Political Context
by Charles Wolf Newton N. Minow"When all too many so-called experts see things as they wish they were, Charles Wolf analyze facts to provide genuine insights into the past, present and future. This makes him an invaluable source for anyone who seeks to understand economic, political and security issues and trends."--Karen Elliott House, Wall Street JournalWolf's most probing essays, spanning several subjects appears here.
The Economic Position of the British Labourer: 1865 Edition (Routledge Revivals)
by Henry FawcettOriginally published in 1865, the following book is made up of a course of lectures, which the author delivered in the University of Cambridge in the Autumn of 1864. The book includes chapters on the land tenure of England, the causes which regulate wages, and trade unions and strikes.
The Economic Psychology of Incentives
by Alexander PepperThis book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.
The Economic Psychology of Tax Behaviour
by Erich KirchlerTax evasion is a complex phenomenon which is influenced not just by economic motives but by psychological factors as well. Economic-psychological research focuses on individual and social representations of taxation as well as decision-making. In this 2007 book, Erich Kirchler assembles research on tax compliance, with a focus on tax evasion, and integrates the findings into a model based on the interaction climate between tax authorities and taxpayers. The interaction climate is defined by citizens' trust in authorities and the power of authorities to control taxpayers effectively; depending on trust and power, either voluntary compliance, enforced compliance or no compliance are likely outcomes. Featuring chapters on the social representations of taxation, decision-making and self-employed income tax behaviour, this book will appeal to researchers in economic psychology, behavioural economics and public administration.
The Economic Reader: Textbooks, Manuals and the Dissemination of the Economic Sciences during the 19th and Early 20th Centuries. (Routledge Studies In The History Of Economics Ser.)
by Massimo M. Augello Marco E. L. GuidiThe book studies the origins and evolution of economic textbooks in the nineteenth and early twentieth century, up to the turning point represented by Paul Samuelson’s Economics (1948), which became the template for all the textbooks of the postwar period. The case studies included in the book cover a large part of Europe, the British Commonwealth, the United States and Japan. Each chapter examines various types of textbooks, from those aimed at self-education to those addressed to university students, secondary school students, to the short manuals aimed at the popularisation of political economy among workers and the middle classes. An introductory chapter examines this phenomenon in a comparative and transnational perspective.
The Economic Reason: A Piecemeal Guide to Your Inner Homo Economicus
by Shane SandersIn a series of conversational essays, this textbook discusses the manner in which economic thought addresses a broad array of everyday issues beyond classical textbook treatments. In the spirit of popular economics books, the author uncovers economic issues and solutions from individuals, businesses, society, and the country as a whole in a decidedly non-technical and relatable manner. Should the federal government mandate use of child safety seats on commercial airlines? Can genetic information substitute for a college degree? The contents of this book touch on many of these contemporary topics in an accessible way. Addressing undergraduate and graduate students, as well as scholars in different fields of economics, this book is a must-read for everybody interested in a better understanding of economic thought.
The Economic Reconciliation Process: Middle Eastern Populations in Conflict
by Ilan BijaouiThe Economic Reconciliation Process develops hybrid cross-border models based on the free economic zone, the industrial district, and the cluster to generate a common economic interest between countries and populations in declared or potential conflict in the Middle East.
The Economic Regulation of Airports: Recent Developments in Australasia, North America and Europe (Ashgate Studies in Aviation Economics and Management)
by Peter Forsyth Andreas Knorr David Starkie David W. Gillen Otto G. MayerThis tour d'horizon book reviews airport regulation and competition in different regions of the world and contrasts different policy perspectives. Organized in four parts, the first three examine, in turn, Australasia, North America, and Europe, while the last section looks at the institutional reforms that have taken place in these regions. The book covers the regulation of airports, and competition in different regions, as well as privatization policy, the interaction between airports and airlines, and regional economic impacts. It also examines the linkages between governance structures and forms of regulation. The book's global sweep embraces all the large aviation markets, bringing together the ideas and challenges of academic economists, airlines, airport managers, consultants and government regulators. As well as looking at different methods, degrees and paradigms of regulation it also spells out the stress-points, in a way that makes essential reading for airport operators, airline operations staff, as well as academic economists concerned with transport studies. It also offers interesting reading and important lessons for those concerned with regulation of the utility industries such as, telecommunications, water and power generation and distribution - where infrastructure can be subject to natural monopoly characteristics and where firms competing in downstream markets are dependent on the investment and operational strategies of the upstream infrastructure operator.
The Economic Revolution in British West Africa
by Allan McPheeOriginally published in 1926, McPhee's work was the first to establish a framework for understanding the economic development between 1820-1920 in British West Africa.
The Economic Rise of East Asia: Development Paths of Japan, South Korea, and China (Contributions to Economics)
by Helmut Wagner Linda GlaweIn light of the growing global economic importance of East Asia, this book analyzes and compares the extraordinary development paths and strategies of Japan, South Korea, and China. It examines both the factors that enabled these countries’ prolonged periods of high-speed economic growth, and the reasons for their subsequent “cool-downs.” In addition, the book illustrates how their development strategies served as role models for one another, and what current and future developing countries can learn from the East Asian success stories. This book will appeal to scholars and students of economics and development studies with an interest in the East Asian development model.
The Economic Roots Of Conflict And Cooperation In Africa
by Natalia Mirovitskaya William AscherThis book combines overviews of the nature and causes of inter-group violence in North Africa and sub-Saharan Africa with a collection of country case studies. Both the overview chapter and the case studies trace how economic policy initiatives, and consequent changes in the roles and statuses of various groups, shape conflict or cooperation.
The Economic Section 1939-1961: A Study In Economic Advising (Routledge Revivals)
by Alec Cairncross Nita WattsFirst published in 1989, The Economic Section 1939-1961 is a rare study of economic policymaking as seen from the inside. The Economic Section, formed in 1939-1940, was the first group of professional economists to operate full-time at the centre of government in the United Kingdom and its views on many issues of economic policy were frequently decisive. In this volume, two former members of the Section draw on their memories and on the public records to trace the history of the Section from the early days of the war to the end of the 1950s. Alec Cairncross and Nita Watts discuss the advice offered by the Section, the controversies that followed advisers, and how Ministers responded. They present a picture of the day-to-day working of the Section, but inevitably focus on the more dramatic episodes, when major issues of policy were in dispute or important new issues were posed. Separate chapters are devoted to the Section’s role in four main areas: fiscal, monetary, incomes and external economic policy. In illuminating influence on policy exercised by officials and the place of expert advice in economic management, this work will appeal to a wide range of readers. It offers the student of economics or politics a picture of what, in practice, goes to the making of economic policy.