A Recent History of Recognized Economic Thought: Contributions of the Nobel Laureates to Economic Science
A Recent History of Recognized Economic Thought: Contributions of the Nobel Laureates to Economic Science

Author: Lee H. Dymond

Publisher: Lulu.com

Published: 2015-05-20

Total Pages: 654

ISBN-13: 1483430804

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Since 1969, 75 people have been awarded the Nobel Prize in Economics. Recent Recognized "A History of Economic Thought - Contributions of the Nobel Laureates to Economic Science" describes their major accomplishments in a manner so all readers, regardless of their knowledge of economics, can appreciate the efforts of these scholars and their impact on the development and progress of economic science. Begin with a brief tour of economic thought and the factors that have influenced economic doctrine from the 16th through the 20th century. Then, for each Nobel Laureate, learn about their background and professional affiliations. Complete your understanding of each Laureate's accomplishments with a concise, relatively non-technical summary of their Nobel Prize Lecture.

Uncertain Futures
Uncertain Futures

Author: Edmund Berger

Publisher: John Hunt Publishing

Published: 2017-02-24

Total Pages: 146

ISBN-13: 1785355015

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Uncertain Futures: An Assessment of the Conditions of the Present provides a detailed look into the economic and political conditions of our present moment from a Marxist perspective. Key aspects of Marxist economic theory are illustrated in clear ways in order to provide an easy introduction to Marxist thought and their applicability. The book also examines the sluggish recovery from the Great Recession, in the context of the long-term feasibility of sustaining the capitalist system by placing it into a historical framework. It considers the necessity of social democratic reforms while calling for an anarchic re-invigoration of the politics of everyday life.

On Trade Justice
On Trade Justice

Author: Mathias Risse

Publisher: Oxford University Press

Published: 2019-10-04

Total Pages: 391

ISBN-13: 019257437X

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Trade has made the world. Still, trade remains an elusive and profoundly difficult area for philosophical thought. This novel account of trade justice makes ideas about exploitation central, giving pride of place to philosophical ideas about global justice but also contributing to moral disputes about practical questions. On Trade Justice is a philosophical plea for a new global deal, in continuation of, but also at appropriate distance to, post-war efforts to design a fair global-governance system in the spirit of the American New Deal of the 1930s. This book is written in the tradition of contemporary analytical philosophy but also puts its subject into a historical perspective to motivate its relevance. It covers the subject of trade justice from its theoretical foundations to a number of specific issues on which the authors' account throws light. The state as an actor in the domain of global justice is central to the discussion but it also explores the obligations of business extensively, recognizing the importance of the modern corporation for trade. Topics such as wages injustice, collusion with authoritarian regimes, relocation decisions, and obligations arising from interaction with suppliers and sub-contractors all enter prominently. Another central actor in the domain of trade is the World Trade Organization. The WTO needs to see itself as an agent of justice. This book explores how this organization should be reformed in light of the proposals it makes. In particular, the WTO needs to endorse a human-rights and development-oriented mandate. Overall, this book hopes to make a theoretical contribution to the creation of an exploitation-free world.

Classical and Protestant Liberalism
Classical and Protestant Liberalism

Author: Daniel Dei

Publisher: WestBow Press

Published: 2021-05-25

Total Pages: 128

ISBN-13: 1664231781

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Classical and Protestant Liberalism: Similarities and Differences compares classical liberalism with Protestant liberalism. The book discusses similarities and differences between the philosophical propositions of these two liberal strands. The central argument is that Protestant liberalism has incorporated some key elements of classical liberalism to redefine essential elements of the Christian faith to appeal to the contemporary individual’s sense. Protestant liberal version of Christianity sharply deviates from conventional Christianity. Classical liberal notions of natural rights, social contract, individualism, pluralism, secularization, and utilitarian perspective on ethics sustain this version of Christianity. Protestant liberals present essential aspects of Christianity to contemporary individuals through these classical liberal existential views. Protestant liberal views on the immanence of God; anthropocentrism; Jesus as an ethical example; evolutionary view of the Bible; philosophical optimism; salvation; the church as an instrument of social progress; the kingdom of God; religious authority; continuity; modernism; and reduction of Christianity to its unchanging essence reveal classical liberal influences.

What Economists Do: a Journey Through the History of Economic Thought
What Economists Do: a Journey Through the History of Economic Thought

Author: Attiat F. Ott

Publisher: iUniverse

Published: 2013-08-12

Total Pages: 207

ISBN-13: 1491701277

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Economists are sometimes praised and often chastised for what happens to the nation and the world economies. But what exactly do economists do to earn either praise or scorn? Author Attiat F. Ott with Sheila Vegari explores the answer to that question in What Economists Do: A Journey through the History of Economic Thought. Ott and Vegari outline the discipline of economics through the views and ideas of nine political economists of the seventeenth, eighteenth, nineteenth, and the twentieth centuries. The chronologies of ideas involve a journey through the history of economic thought from Adam Smiths The Wealth of Nations to Nobel Laureate James Buchanans The Calculus of Consent. This study reviews some of the arguments offered about economics as a science, presents the concepts of political economy, and discusses the principles of the macro economy as put forth by John Maynard Keynes in The General Theory. It also covers the idea of the public economy advanced by the classical economists and augmented by the work of Paul Samuelson, Richard Musgrave, Gordon Tullock and James Buchanan. It examines the role of the economist as a teacher, a political economist, and as an adviser to policy makers. What Economists Do: A Journey through the History of Economic Thought provides an intriguing picture of how economics has come of age through a chronology of ideas and principles that shape the worlds economies.

Knowledge and the Wealth of Nations: A Story of Economic Discovery
Knowledge and the Wealth of Nations: A Story of Economic Discovery

Author: David Warsh

Publisher: W. W. Norton & Company

Published: 2007-05-17

Total Pages: 448

ISBN-13: 0393066363

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"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.

The Nobel Factor
The Nobel Factor

Author: Avner Offer

Publisher: Princeton University Press

Published: 2019-11-19

Total Pages: 344

ISBN-13: 0691196311

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Economic theory may be speculative, but its impact is powerful and real. Since the 1970s, it has been closely associated with a sweeping change around the world--the "market turn." This is what Avner Offer and Gabriel Soderberg call the rise of market liberalism, a movement that, seeking to replace social democracy, holds up buying and selling as the norm for human relations and society. Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the market turn and the prize began at the same time? The Nobel Factor, the first book to describe the origins and power of the most important prize in economics, explores this and related questions by examining the history of the prize, the history of economics since the prize began, and the simultaneous struggle between market liberals and social democrats in Sweden, Europe, and the United States. The Nobel Factor tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and social democracy. The aim was to use the halo of the Nobel brand to enhance central bank authority and the prestige of market-friendly economics, in order to influence the future of Sweden and the rest of the developed world. And this strategy has worked, with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets

The 4% Solution
The 4% Solution

Author: The Bush Institute

Publisher: Crown Currency

Published: 2012-07-17

Total Pages: 370

ISBN-13: 0307986152

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Foreword by President George W. Bush With contributions from world renowned economists and Nobel prizewinners, The 4% Solution is a blueprint for restoring America’s economic health The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy. The 4% Solution offers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing government constraints, The 4% Solution defines the policies that will allow Americans to save, invest, and create the jobs that the United States needs. The 4% Solution draws on the best minds in the business, including five Nobel laureates: · Robert E. Lucas, Jr., on the history and future of economic growth · Gary S. Becker on why we need immigrants in order to grow · Edward Prescott on the cost (to growth) of the welfare state · Vernon Smith on why housing leads us into and out of recessions · Myron Scholes on why we need to innovate in order to grow the economy

Save More Tomorrow
Save More Tomorrow

Author: Shlomo Benartzi

Publisher: Penguin

Published: 2012-04-12

Total Pages: 288

ISBN-13: 110158033X

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One of the world’s top experts in behavioral finance offers innovative strategies for improving 401(k) plans. Half of Americans do not have access to a retirement saving plan at their workplace. Of those who do about a third fail to join. And those who do join tend to save too little and often make unwise investment decisions. In short, the 401(k) world is in crisis, and workers need help. Save More Tomorrow provides that help by focusing on the behavioral challenges that led to this crisis inertia, limited self-control, loss aversion, and myopia—and transforms them into behavioral solutions. These solutions, or tools, are based on cutting edge behavioral finance research and they can dramatically improve outcomes by, for example, helping employees: -Save, even if they aren’t ready to do so now, by using future enrollment. -Save more by showing them images of their future selves. -Save smarter by reshuffling the order of funds on the investment menu. Save More Tomorrow is the first comprehensive application of behavioral finance to improve retirement outcomes. It also makes it easy for plan sponsors and their advisers to apply these behavioral tools using its innovative Behavioral Audit process.