The Economic Organization

The Economic Organization

Author: Frank Hyneman Knight

Publisher: Transaction Publishers

Published: 2013-07-31

Total Pages: 209

ISBN-13: 1412851211

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When 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 of the Household

The Economic Organization of the Household

Author: W. Keith Bryant

Publisher: Cambridge University Press

Published: 2005-12-19

Total Pages: 360

ISBN-13: 9781139447355

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Surveying the field of the economics of the household, the second edition of this text reviews the theory of the consumer at the intermediate undergraduate level. It then applies and extends it to consumer demand and expenditures, consumption and saving, time allocation among market work, home work, and leisure, human capital emphasizing investment in education, children and health, fertility, marriage, and divorce. Influenced by Gary Becker and his associates, the models developed are used to help explain modern U.S. trends in family behavior. Topics are discussed with the aid of geometry and a little algebra. For those with calculus, mathematical endnotes provide the models on which the text discussions are based and interesting applications beyond the scope of the text.


Economics: A Very Short Introduction

Economics: A Very Short Introduction

Author: Partha Dasgupta

Publisher: OUP Oxford

Published: 2007-02-22

Total Pages: 193

ISBN-13: 0191518050

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Economics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics uncovers these processes, finds explanations for them, and how it forms policies and solutions. Along the way, Dasgupta provides an intelligent and accessible introduction to key economic factors and concepts such as individual choices, national policies, efficiency, equity, development, sustainability, dynamic equilibrium, property rights, markets, and public goods. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.


Household and City Organization at Olynthus

Household and City Organization at Olynthus

Author: Nicholas Cahill

Publisher: Yale University Press

Published: 2008-10-01

Total Pages: 402

ISBN-13: 0300133006

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Olynthus, an ancient city in northern Greece, was preserved in an exceptionally complete state after its abrupt sacking by Phillip II of Macedon in 348 B.C., and excavations in the 1920s and 1930s uncovered more than a hundred houses and their contents. In this book Nicholas Cahill analyzes the results of the excavations to reconstruct the daily lives of the ancient Greeks, the organization of their public and domestic space, and the economic and social patterns in the city. Cahill compares the realities of daily life as revealed by the archaeological remains with theories of ideal social and household organization espoused by ancient Greek authors. Describing the enormous variety of domestic arrangements, he examines patterns and differences in the design of houses, in the occupations of owners, and in the articulations between household and urban economies, the value of land, and other aspects of ancient life throughout the city. He thus challenges the traditional view that the Greeks had one standard household model and approach to city planning. He shows how the Greeks reconciled conflicting demands of ideal and practice, for instance between egalitarianism and social inequality or between the normative roles of men and women and roles demanded by economic necessities. The book, which is extensively illustrated with plans and photographs, is supported by a Web site containing a database of the architecture and finds from the excavations linked to plans of the site.


The Theory Of Social And Economic Organization

The Theory Of Social And Economic Organization

Author: Max Weber

Publisher: Simon and Schuster

Published: 2009-11-24

Total Pages: 326

ISBN-13: 1439188874

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This book is an introduction to Max Weber’s ambitious comparative study of the sociological and institutional foundations of the modern economic and social order. In this work originally published in German in 1920, Weber discusses the analytical methods of sociology and, at the same time, presents a devastating critique of prevailing sociological theory and of its universalist, determinist underpinnings. None of Weber’s other writings offers the reader such a grasp of his theories; none displays so clearly his erudition, the scope of his interests, and his analytical powers.


Intrafamily Bargaining and Household Decisions

Intrafamily Bargaining and Household Decisions

Author: Notburga Ott

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 251

ISBN-13: 3642457088

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A model of household decisions based on a bargaining approach is developed providing a comprehensive framework for the analysis of family behavior. Treating the family as an economic organization, household behavior is explained by the cooperation of utility maximizing individuals. The difference to traditional microeconomic household models is that theassumption of a joint household utility function is abandoned. Instead of this, a game theoretic approach is used to model family decisions as a result of intrafamily bargaining. Considering the development of the spouses` human capital in a dynamic approach, the long-term effects of intrafamily specialization in market work and work at home are analyzed. Onemajor finding is that in a dynamic setting non-Pareto efficient allocations may result. Empirical tests demonstrate the relevanace of the bargaining approach.


The Economics of Artificial Intelligence

The Economics of Artificial Intelligence

Author: Ajay Agrawal

Publisher: University of Chicago Press

Published: 2024-03-05

Total Pages: 172

ISBN-13: 0226833127

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A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.


Economic Development in the Americas Since 1500

Economic Development in the Americas Since 1500

Author: Stanley L. Engerman

Publisher: Cambridge University Press

Published: 2012

Total Pages: 449

ISBN-13: 1107009553

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Examines differences in the rates of economic growth in Latin America and mainland North America since the seventeenth century.


The Economic Organization of East Asian Capitalism

The Economic Organization of East Asian Capitalism

Author: Marco Orru

Publisher: SAGE

Published: 1997

Total Pages: 444

ISBN-13: 9780761904809

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East Asia's dynamic entrance into the global economy has provided a fruitful avenue for research in economic sociology. In this perceptive and timely volume, authors Nicole Woolsey Biggart, Gary G. Hamilton, and the late Marco Orru theorize Asian capitalism and analyze the economic organization of East Asia. Presenting differing dimensions of a Weberian perspective, the authors first provide a theoretical grounding, then consider capitalism in East Asia comparatively, and finally contrast the economies of East Asia and Europe. The Economic Organization of East Asian Capitalism shows how radically different social and cultural institutions can lead to economies that are organized and work in remarkably similar ways. This thought-provoking volume will be essential for students and professionals in the fields of political science, management, third world studies, sociology, international relations, international business, and cross-cultural studies.