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Market In The Modern Economy
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Book Synopsis Classical Economic Theory and the Modern Economy by : Steven Kates
Download or read book Classical Economic Theory and the Modern Economy written by Steven Kates and published by Edward Elgar Publishing. This book was released on 2020-06-26 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.
Book Synopsis Markets, Morals, and Policy-Making by : Enrico Colombatto
Download or read book Markets, Morals, and Policy-Making written by Enrico Colombatto and published by Routledge. This book was released on 2012-03-29 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free-market economics has attempted to combine efficiency and freedom by emphasizing the need for neutral rules and meta-rules. These efforts have only been partly successful, for they have failed to address the deeper, normative arguments justifying – and limiting – coercion. This failure has thus left most advocates of free-market vulnerable to formulae which either emphasize expediency or which rely upon optimal social engineering to foster different notions of the common will and of the common good. This book offers the reader a new perspective on free-market economics, one in which the defense of markets is no longer based upon the utilitarian claim that free markets are more efficient; rather, the defense of markets rests upon the moral argument that top-down coercive policy-making is necessarily in tension with the rights-based notion of justice typical of the Western tradition. In arguing for a consistent moral basis for the free-market view, we depart from both the Austrian and neoclassical traditions by acknowledging that rationality is not a satisfactory starting point. This rejection of rationality as the complete motivator for human economic behaviour throws constitutional economics and the law-and-economics tradition into new relief, revealing these approaches as governed by considerations derived by various notions of social efficiency, rather than by principles consistent with individual freedom, including freedom to choose. This book shows that the solution is in fact a better understanding of the lessons taught by the Scottish Enlightenment: the role of the political context is to ensure that the individual can pursue his own ends, free from coercion. This also implies individual responsibility, respect for somebody else’s preferences and for his entrepreneurial instincts. Social virtue is not absent from this understanding of politics, but rather than being defined through the priorities of policy-makers, it emerges as the outcome of interaction among self-determining individuals. The strongest and most consistent case for free-market economics, therefore, rests on moral philosophy, not on some version of static-efficiency theorizing. This book should be of interest to students and researchers focussing on economic theory, political economics and the philosophy of economic thought, but is also written in a non-technical style making it accessible to an audience of non-economists.
Download or read book Market in the Modern Economy written by and published by . This book was released on 2014 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Perspectives on Modern Economy by : Aizhan Khoich
Download or read book Perspectives on Modern Economy written by Aizhan Khoich and published by IJOPEC PUBLICATION. This book was released on 2020-09-10 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide researchers from basic disciplines of the economics fields such as consumer behavior and public economy with a variety of distinctive perspectives in today’s world where the behavior and preferences of economic actors have changed completely, and the economic policies of countries have been redrafted.
Book Synopsis F. A. Hayek and the Modern Economy by : S. Peart
Download or read book F. A. Hayek and the Modern Economy written by S. Peart and published by Springer. This book was released on 2013-12-10 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the role of human agency in Friedrich Hayek's thought? This volume situates Hayek's writing as it relates to economic organization and activity, particularly to assess what role Hayek assigns to leaders in determining economic progress.
Book Synopsis Market Society by : Benjamin Spies-Butcher
Download or read book Market Society written by Benjamin Spies-Butcher and published by Cambridge University Press. This book was released on 2012-04-19 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Society: History, Theory, Practice explores the social basis of economic life, from the emergence of market society in feudal England to the complex and interwoven markets of modern capitalist society. This lively and accessible book draws upon a variety of theories to examine the social structures at the heart of capitalist economies. It considers how capitalism is constituted, the institutions that regulate economic processes in market society and the experience of living in contemporary market societies. Market Society: History, Theory, Practice provides students of both political economy and economic sociology with a more nuanced understanding of how markets and people interact and how this relationship has influenced the nature and structure of modern economies.
Book Synopsis Profits in the Modern Economy by : Harold W. Stevenson
Download or read book Profits in the Modern Economy written by Harold W. Stevenson and published by U of Minnesota Press. This book was released on 1967 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Making of Modern Economics by : Mark Skousen
Download or read book The Making of Modern Economics written by Mark Skousen and published by Routledge. This book was released on 2015-01-28 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work.
Download or read book Economics written by The Economist and published by The Economist. This book was released on 2015-10-27 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world of economics is changing. Years of turmoil in the global economy mean that nothing will ever be quite the same again. This is the starting point and theme of this radically revised Economist books classic, now available for the first time in America. Richard Davies, economics editor of The Economist, takes us on a journey through the paper's own analysis of the state of the world's economies, how we reached this point and what to expect in the next decade. He explores: what's gone wrong since 2008, why it's happened and how we can stop it happening again; the shifting focus of economics from banking to labor economics; the future hopes and challenges for the world economy. Along the way, we encounter the global economy laid bare, from banks, panics, and crashes to innovative new policies to improve how markets function; from discussions around jobs, pay, and inequality to the promise of innovation and productivity; from the implications of emerging markets and the globalization of trade through to the sharing economy and the economics of Google and eBay. The result is a fascinating review of the global economy and the changing role of economics in the new world order.
Book Synopsis The invisible hand: market forces and modern economics by : George Wilton
Download or read book The invisible hand: market forces and modern economics written by George Wilton and published by Az Boek. This book was released on 2024-04-27 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Institutions and the Path to the Modern Economy by : Avner Greif
Download or read book Institutions and the Path to the Modern Economy written by Avner Greif and published by Cambridge University Press. This book was released on 2006-01-16 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Book Synopsis Endogenous Market Structures and the Macroeconomy by : Federico Etro
Download or read book Endogenous Market Structures and the Macroeconomy written by Federico Etro and published by Springer Science & Business Media. This book was released on 2009-06-17 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a key year for the evolution of international markets. The global economy is experiencing the most severe downturn since the thirties, it is temporarily leaving a path of sustained growth that characterized the last decades, and is facing an impressive decline of trade between countries. Banks are going bankrupt, the stock market has crashed, rms are going out of bu- ness or drastically reducing their production and exports, workers are being red and investment in new business creation or innovation is shrinking. Meanwhile, consumers con dence has dropped at its minimum, aggregate demand has been declining for months and expansionary policies and int- national coordination have failed to counteract the crisis until now. It is quite likely that all this will change sooner or later, but at the end of this crisis our understanding of the macroeconomy may change as well. In front of these crucial events, this book is not an attempt at proposing a radically new way of interpreting macroeconomic phenomena, and, as a m- ter of fact, it is not even a book on macroeconomic theory. My more modest goal is to collect a number of insights derived from recent research on the role of competition and innovation in the analysis of three topics: business cycles, trade and growth through innovations.
Book Synopsis Economics Volume II: Modern Economic Problems by : Frank A. Fetter
Download or read book Economics Volume II: Modern Economic Problems written by Frank A. Fetter and published by Good Press. This book was released on 2023-08-12 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frank A. Fetter's 'Economics Volume II: Modern Economic Problems' is a seminal work that delves into the complexities of modern economic issues with clarity and precision. Fetter's analytical approach and engaging writing style make this book a valuable resource for students and scholars alike. Focusing on topics such as market imperfections, unemployment, and economic policy, Fetter provides in-depth analysis supported by empirical evidence and theoretical frameworks, shedding light on the intricacies of the contemporary economic landscape. The book is a must-read for anyone interested in understanding the challenges facing the global economy today. Frank A. Fetter, a distinguished economist and professor, draws on his extensive knowledge and expertise to offer insightful perspectives on the pressing economic problems of our time. His academic background and practical experience add depth and credibility to his arguments, making this book a trusted source of information and analysis. I highly recommend 'Economics Volume II: Modern Economic Problems' to readers seeking a comprehensive and authoritative exploration of the economic issues shaping our world. Fetter's nuanced approach and rigorous analysis make this book an indispensable resource for students, academics, and professionals in the field of economics.
Book Synopsis Everyday Economics by : Steve Coulter
Download or read book Everyday Economics written by Steve Coulter and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most economics is a top-down analysis that simplifies and reduces the huge varieties among individuals to a predictable range of characteristics that lend themselves to systematic analysis. This book eschews this conventional perspective, which sees national economies as simply agglomerations of the activities of millions of people, and instead explores the role played by the individual in the economy, in particular, how the individual experiences the economy. In so doing, the book is able to illuminate the economic landscape for the nontechnical reader in a much more engaging and accessible way than conventional textbooks. By placing the individual front and center in its analysis, the book is able to demonstrate how the things we experience, need, and consume fit into the fast-changing and interdependent global economic setting. It shows the role of government, markets, and welfare in shaping our lives, and builds on the latest economic research and data to provide an overview of the workings of the economy that takes as its starting point the interface between the individual and the system overall.
Download or read book Modern Economics written by Jack Harvey and published by Red Globe Press. This book was released on 2007-05-04 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This well-established classic textbook has been further updated to incorporate the latest developments in economic theories and policies and includes new pedagogical features such as case studies and review questions to support student learning.
Download or read book Framing Finance written by Alex Preda and published by University of Chicago Press. This book was released on 2009-08-01 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the banking crisis and its effects on the world economy have made plain, the stock market is of colossal importance to our livelihoods. In Framing Finance, Alex Preda looks at the history of the market to figure out how we arrived at a point where investing is not only commonplace, but critical, as market fluctuations threaten our plans to send our children to college or retire comfortably. As Preda discovers through extensive research, the public was once much more skeptical. For investing to become accepted, a deep-seated prejudice against speculation had to be overcome, and Preda reveals that over the course of the eighteenth and nineteenth centuries groups associated with stock exchanges in New York, London, and Paris managed to redefine finance as a scientific pursuit grounded in observational technology. But Preda also notes that as the financial data in which they trafficked became ever more difficult to understand, charismatic speculators emerged whose manipulations of the market undermined the benefits of widespread investment. And so, Framing Finance ends with an eye on the future, proposing a system of public financial education to counter the irrational elements that still animate the appeal of finance.
Download or read book Moral Markets written by Paul J. Zak and published by Princeton University Press. This book was released on 2010-12-16 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics--one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H. Frank, Herbert Gintis, Vernon Smith (winner of the 2002 Nobel Prize in economics), and Bart Wilson; law professors Oliver Goodenough, Erin O'Hara, and Lynn Stout; philosophers William Casebeer and Robert Solomon; primatologists Sarah Brosnan and Frans de Waal; biologists Carl Bergstrom, Ben Kerr, and Peter Richerson; anthropologists Robert Boyd and Michael Lachmann; political scientists Elinor Ostrom and David Schwab; management professor Rakesh Khurana; computational science and informatics doctoral candidate Erik Kimbrough; and business writer Charles Handy.
