The Street Porter and the Philosopher

The Street Porter and the Philosopher

Author: Sandra Peart

Publisher: University of Michigan Press

Published: 2009-11-16

Total Pages: 451

ISBN-13: 0472024140

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Adam Smith, asserting the common humanity of the street porter and the philosopher, articulated the classical economists' model of social interactions as exchanges among equals. This model had largely fallen out of favor until, recently, a number of scholars in the avant-garde of economic thought rediscovered it and rechristened it "analytical egalitarianism." In this volume, Sandra J. Peart and David M. Levy bring together an impressive array of authors to explore the ramifications of this analytical ideal and to discuss the ways in which an egalitarian theory of individuality can enable economists to reconcile ideas from opposite ends of the political spectrum. "The analytical egalitarianism project that Peart and Levy have advanced has come to occupy a prominent place in the current agenda of historians of economic thought." ---Ross Emmett, Associate Professor of Economics and Co-Director of the Michigan Center for Innovation and Economic Prosperity, Michigan State University "These essays and dialogs from the Summer Institute would make Adam Smith, economist and moral philosopher, proud." ---J. Daniel Hammond, Hultquist Family Professor of Economics, Wake Forest University With essays by: James M. Buchanan, Alfred Nobel Memorial Prize in Economic Sciences recipient (1985) and Professor Emeritus, George Mason University and Virginia Polytechnic and State University Juan Pablo Couyoumdijian, Universidad del Desearrollo, Chile Tyler Cowen, George Mason University Eric Crampton, University of Canterbury, New Zealand Andrew Farrant, Dickinson College Samuel Hollander, Professor Emeritus, University of Toronto M. Ali Khan, Johns Hopkins University Thomas Leonard, Princeton University Deirdre McCloskey, University of Illinois, Chicago Leonidas Montes, Dean of School of Government, Universidad Adolfo Ibañez, Chile Maria Pia Paganelli, Yeshiva University and New York University Warren J. Samuels, Professor Emeritus, Michigan State University Eric Schliesser, VENI post-doctoral research fellow, Leiden University, and University of Amsterdam Gordon Tullock, George Mason University Sandra J. Peart is Dean of the Jepson School of Leadership Studies, University of Richmond, Virginia. David M. Levy is Professor of Economics at George Mason University (GMU) and Research Associate at the Center for Study of Public Choice at GMU. They are Co-Directors of George Mason University's Summer Institute for the Preservation of the History of Economics.


Discussions in Economics and Statistics, Vol. 2 of 2

Discussions in Economics and Statistics, Vol. 2 of 2

Author: Francis Amasa Walker

Publisher: Forgotten Books

Published: 2016-11-30

Total Pages: 492

ISBN-13: 9781334461736

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Excerpt from Discussions in Economics and Statistics, Vol. 2 of 2: Statistics, National Growth, Social Economics Of course, the hours of labor, for summer and for winter, should be shown, and the number of months each establish ment has been running less than full time. Two other ques tions relating to labor, although not vitally important, would be exceedingly interesting and instructive, as tending to Show the Ishmaelitish character of our industry; viz., the greatest number employed at any one time, and the total number of persons employed during the year. The difference between these figures and those which show the average number en gaged (the stereotyped question of the census) would present very striking and very significant results, both in regard to the quality of our labor and the habits of our people. That, after requiring these particulars, the schedule should call for the amount paid in wages during the year, is not one of the disputed points. The only question might be as to the form of the inquiry. That given above is preferable to cost of labor (as in since the latter is ambiguous, and is commonly understood to embrace the value of the labor of owners or partners when working at their trade, which is precisely what ought not to be included. Their remunera tion is to be derived from the profits of their business, and those are to be calculated from the difference between the united cost of labor, materials, and power, and the total value of the resulting product. It is of prime importance to oh tain the wages of the country, pure and simple. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


Causal Inference for Statistics, Social, and Biomedical Sciences

Causal Inference for Statistics, Social, and Biomedical Sciences

Author: Guido W. Imbens

Publisher: Cambridge University Press

Published: 2015-04-06

Total Pages: 647

ISBN-13: 1316094391

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Most questions in social and biomedical sciences are causal in nature: what would happen to individuals, or to groups, if part of their environment were changed? In this groundbreaking text, two world-renowned experts present statistical methods for studying such questions. This book starts with the notion of potential outcomes, each corresponding to the outcome that would be realized if a subject were exposed to a particular treatment or regime. In this approach, causal effects are comparisons of such potential outcomes. The fundamental problem of causal inference is that we can only observe one of the potential outcomes for a particular subject. The authors discuss how randomized experiments allow us to assess causal effects and then turn to observational studies. They lay out the assumptions needed for causal inference and describe the leading analysis methods, including matching, propensity-score methods, and instrumental variables. Many detailed applications are included, with special focus on practical aspects for the empirical researcher.


Advances in Economics and Econometrics: Volume 2, Applied Economics

Advances in Economics and Econometrics: Volume 2, Applied Economics

Author: Daron Acemoglu

Publisher: Cambridge University Press

Published: 2013-05-13

Total Pages: 567

ISBN-13: 1107717817

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This is the second of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics, and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, accessible survey of progress on the discipline. The first volume primarily addresses economic theory, with specific focuses on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents.