Frontiers in Economics
Frontiers in Economics

Author: Klaus F. Zimmermann

Publisher: Springer Science & Business Media

Published: 2002-03-25

Total Pages: 506

ISBN-13: 9783540432548

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Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium.

Frontiers of Development Economics
Frontiers of Development Economics

Author: Gerald M. Meier

Publisher: World Bank Publications

Published: 2001

Total Pages: 596

ISBN-13: 9780195215922

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With contributions from 35 leading economists, this forward-looking book explores the future of development economics against the background of the past half-century of development thought and practice. Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation.The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory.'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.

Frontiers in the Economics of Gender
Frontiers in the Economics of Gender

Author: Francesca Bettio

Publisher: Taylor & Francis

Published: 2009-11-24

Total Pages: 315

ISBN-13: 0415569524

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Gender is now recognized as a fundamental organizing principle for economic as well as social life, and related research has grown at an unprecedented pace in the recent decades across branches of economics. The volume takes stock of this research, proposes novel analytical frameworks and outlines further research directions. It grew out of the Summer School of International Research in Pontignano (University of Siena) that traditionally brings together the most representative scholars in the chosen field. The thirteen essays included in the volume cover recent advances in gender related issues across disciplinary branches, from Economic History and the History of Economic Thought to Macroeconomics, Household Economics, the Economics of Care Work, Labour Economics, Institutional and Experimental Economics. The volume is primarily addressed to graduate students in Economics and is an essential companion for researchers in the area of Gender Economics. As most essays are written in a non-technical language it is also of interest to a wider audience, including specialists in Sociology, Demography and History.

New Frontiers in Economics
New Frontiers in Economics

Author: Michael Szenberg

Publisher: Cambridge University Press

Published: 2004-09-06

Total Pages: 340

ISBN-13: 9780521545365

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Leading economists analyze the new directions that subdisciplines of economics have taken in the face of modern economic challenges. These essays represent invention and discovery in the areas of information, macroeconomics and public policies, international trade and development, finance, business, contracts, law, gaming, and government, as these areas of study evolve through the different phases of the scientific process. They offer a wealth of factual information on the current state of the economy. Theoretical and empirical innovations conceptualize reality and values in different ways from their predecessors. Together the essays offer the reader a balanced look at the various fields, approaches, and dimensions that comprise future directions in economic theory, research, and practice. The extensive introduction by the editors not only summarizes and reviews the implications of the contributions presented in the volume, but also examines how scientific progress takes place, with special reference to economics and finance.

Frontiers in Ecological Economic Theory and Application
Frontiers in Ecological Economic Theory and Application

Author: Jon David Erickson

Publisher: Edward Elgar Publishing

Published: 2007

Total Pages: 394

ISBN-13:

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Research on the cutting edge of economics, ecology, and ethics is presented in this timely study. Building from a theoretical critique of the tradition of cost-benefit analysis, the contributors lay the foundation for a macroeconomics of environmental sustainability and distributive justice. Attention is then turned to three of the most critical areas of social and environmental applied research - biodiversity, climate change, and energy. The contributors redefine progress away from growth and toward development. To this end, the first section of the book tackles the dominant framework used in the US today to evaluate tradeoffs between economic growth and its inherent externalities. Succeeding chapters cover a wide variety of studies related to biodiversity health and energy. Each section is anchored with overviews by top scholars in these areas - including Herman Daly, Carl McDaniel, Stephen Schneider, and Nathan Hagens - and followed by detailed analyses reflecting the transdisciplinary approach of ecological economics. Students and scholars of ecological, environmental, and natural resource economics, sustainability sciences, and environmental studies will find this book of great interest. Non-profit and government agencies in search of methods and cases that merge the study of ecology and economics will also find the analyses of great practical value.

The Frontiers of the New Institutional Economics
The Frontiers of the New Institutional Economics

Author: John N. Drobak

Publisher: Emerald Group Pub Limited

Published: 1997

Total Pages: 374

ISBN-13: 9780122222405

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The New Institutional Economics incorporates a theory of institutions into economics. It builds upon the fundamental assumptions of scarcity and competition but abandons institutional rationality. Consequently, NIE assumes that individuals make choices based on incomplete information and limited mental capacity, forming institutions to reduce uncertainty in human exchange. These insights have implications for technological change, property rights, and public choice. The Frontiers of the New Institutional Economics presents new essays written specifically for this volume. These essays Provide an introduction to the nature and practice of the New Institutional Economics, with a special emphasis on economic history and political economy. Among the contributors are Nobel Prize winners Douglass North and Robert Fogel. Key Features * Contains essays by Nobel Prize winners Douglass North and Robert Fogel * Presents a field of economics useful to students of political science and sociology. * Applicable to studies of technological change, property rights, and public choice

Frontiers of Family Economics
Frontiers of Family Economics

Author: Peter Rupert

Publisher: Emerald Group Publishing

Published: 2008-06-23

Total Pages: 283

ISBN-13: 184950542X

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Over the years there has been substantial changes in the size, composition, educational level, work activity, and locational choice of families. This book offers an understanding of the forces that have led to the choices and consequent observed changes.

Frontiers of Business Cycle Research
Frontiers of Business Cycle Research

Author: Thomas F. Cooley

Publisher: Princeton University Press

Published: 1995-02-26

Total Pages: 452

ISBN-13: 9780691043234

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This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t

Learning and Expectations in Macroeconomics
Learning and Expectations in Macroeconomics

Author: George W. Evans

Publisher: Princeton University Press

Published: 2012-01-06

Total Pages: 440

ISBN-13: 1400824265

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A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach. Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.

The Second Law of Economics
The Second Law of Economics

Author: Reiner Kümmel

Publisher: Springer Science & Business Media

Published: 2011-06-24

Total Pages: 309

ISBN-13: 1441993657

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Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.