Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses. The founding of modern Western economics generally credited to the publication of Scottish philosopher Adam Smith's 1776 book, An Inquiry Into the Nature and Causes of the Wealth of Nations. In this book, the classic works of the founders of economic theory are selected. The Wealth of Nations by Adam Smith On the Principles of Political Economy and Taxation by David Ricardo Capital by Karl Marx Principles of Economics by Alfred Marshall The General Theory of Employment, Interest, and Money by John Maynard Keynes
Anyone who watches the former U.S. Secretary of Labor and The Daily Show and CNBC commentator's videocasts, viewed on his Inequality Media website, has seen Reich's informal lectures on student debt, social security, and gerrymandering, which he accompanies by quickly drawing cartoons to illustrate his major points. Collected here, for the first time, are short essays, edited from his presentations, and Reich's clean-line, confident illustrations, created with a large sketchpad and magic marker. Economics in Wonderland clearly explains the consequences of the disastrous policies of global austerity with humor, insight, passion, and warmth, all of which are on vivid display in words and pictures.
Sports Economics, the most comprehensive textbook in the field by celebrated economist Roger D. Blair, focuses primarily on the business and economics aspects of major professional sports and the NCAA. It employs the basic principles of economics to address issues such as the organization of leagues, pricing, advertising and broadcasting as well as the labor market in sports. Among its novel features is the candid coverage of the image and integrity of players, teams, managers and the leagues themselves, including cases of gambling, cheating, misconduct and steroids. Blair explains how economic decisions are made under conditions of uncertainty using the well-known expected utility model and makes extensive use of present value concepts to analyze investment decisions. Numerous examples are drawn from the daily press. The text offers ample boxes to illustrate sports themes, as well as extensive use of diagrams, tables, problem sets and research questions.
The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.
Hilaire Belloc's 'Premium Collection' is a comprehensive anthology that showcases the diverse talents of the prolific writer. This compilation includes historical works, writings on economy, essays, and fiction, offering a panoramic view of Belloc's thought-provoking and engaging writing style. Belloc's unique blend of wit, insight, and storytelling shines through in each piece, making this collection a true testament to his literary prowess. Set against the backdrop of the early 20th century, Belloc's works provide valuable historical context and offer timeless reflections on society, politics, and human nature. The reader will be delighted by Belloc's ability to seamlessly navigate between genres and topics, making this collection a must-read for those interested in intellectual discourse and literary exploration. Hilaire Belloc, a renowned essayist, historian, and poet, possessed a keen intellect and a sharp wit, which are evident in his extensive body of work. His vast knowledge and unique perspective on various subjects are reflected in the depth and breadth of the 'Premium Collection,' demonstrating his enduring relevance in the world of literature. Belloc's multidisciplinary approach and captivating storytelling make this collection a valuable addition to any reader's library. I highly recommend Hilaire Belloc's 'Premium Collection' to anyone seeking a thought-provoking and intellectually stimulating read. Belloc's impeccable writing style and insightful commentary are sure to captivate and inspire readers of all backgrounds. This anthology serves as a tribute to Belloc's enduring legacy as a literary giant and a masterful storyteller.
This unique and meticulously edited collection of Thorstein Veblen's greatest works includes: The Theory of the Leisure Class_x000D_ The Theory of Business Enterprise_x000D_ The Instinct of Workmanship and the State of the Industrial Arts_x000D_ The Higher Learning in America _x000D_ Imperial Germany and the Industrial Revolution_x000D_ The Vested Interests and the Common Man_x000D_ The Engineers and the Price System_x000D_ The Place of Science in Modern Civilisation_x000D_ The Evolution of the Scientific Point of View_x000D_ Why Is Economics Not an Evolutionary Science?_x000D_ The Preconceptions of Economic Science_x000D_ Professor Clark's Economics_x000D_ The Limitations of Marginal Utility_x000D_ Gustav Schmoller's Economics_x000D_ Industrial and Pecuniary Employments_x000D_ On the Nature of Capital_x000D_ Some Neglected Points in the Theory of Socialism_x000D_ The Socialist Economics of Karl Marx_x000D_ Böhm-Bawerk's Definition of Capital and the Source of Wages_x000D_ The Overproduction Fallacy_x000D_ The Price of Wheat since 1867_x000D_ Adolph Wagner's New Treatise_x000D_ The Food Supply and the Price of Wheat_x000D_ The Army of the Commonweal_x000D_ The Economic Theory of Women's Dress_x000D_ The Instinct of Workmanship and the Irksomeness of Labor_x000D_ The Beginning of Ownership_x000D_ The Barbarian Status of Women_x000D_ Mr. Cummings's Strictures on "The Theory of the Leisure Class"_x000D_ The Later Railway Combinations_x000D_ Levasseur on Hand and Machine Labor..._x000D_ The Use of Loan Credit in Modern Business_x000D_ Credit and Prices_x000D_ Fisher's Capital and Income_x000D_ Fisher's Rate of Interest_x000D_ The Industrial System and the Captains of Industry_x000D_ ...
This meticulously edited carefully Thorstein Veblen collection is formatted for your eReader with a functional and detailed table of contents. The Theory of the Leisure Class The Theory of Business Enterprise The Instinct of Workmanship and the State of the Industrial Arts The Higher Learning in America Imperial Germany and the Industrial Revolution The Vested Interests and the Common Man The Engineers and the Price System The Place of Science in Modern Civilisation The Evolution of the Scientific Point of View Why Is Economics Not an Evolutionary Science? The Preconceptions of Economic Science Professor Clark's Economics The Limitations of Marginal Utility Gustav Schmoller's Economics Industrial and Pecuniary Employments On the Nature of Capital Some Neglected Points in the Theory of Socialism The Socialist Economics of Karl Marx Böhm-Bawerk's Definition of Capital and the Source of Wages The Overproduction Fallacy The Price of Wheat since 1867 Adolph Wagner's New Treatise The Food Supply and the Price of Wheat The Army of the Commonweal The Economic Theory of Women's Dress The Instinct of Workmanship and the Irksomeness of Labor The Beginning of Ownership The Barbarian Status of Women Mr. Cummings's Strictures on "The Theory of the Leisure Class" The Later Railway Combinations Levasseur on Hand and Machine Labor… The Use of Loan Credit in Modern Business Credit and Prices Fisher's Capital and Income Fisher's Rate of Interest The Industrial System and the Captains of Industry ...
Milton Friedman is regarded as one of the most influential economists of the twentieth century. This volume assesses the importance of the full range of Friedman's ideas, from his work on methodology in economics, and his consumption theory, his research on monetary economics, to his views on contentious social and political issues such as education, conscription, and drugs. It also presents personal recollections of Friedman by some of those who knew him, both asstudents and colleagues, and offers new evidence on Friedman's interactions with other noted economists. The volume provides readers with an up to date account of Friedman's continuing influence andwill help to stimulate further research across a variety of areas, including macroeconomics, the history of economic thought, and public policy. With contributions from a stellar cast, this book will be invaluable to academics and students alike.
A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.
