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Author : Edmund Phelps
Publisher :
ISBN 13 : 9780231219105
Total Pages : 0 pages
Book Rating : 4.2/5 (191 download)
Download or read book My Journeys in Economic Theory written by Edmund Phelps and published by . This book was released on 2024-12-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edmund Phelps
Publisher : Columbia University Press
ISBN 13 : 0231556918
Total Pages : 287 pages
Book Rating : 4.2/5 (315 download)
Download or read book My Journeys in Economic Theory written by Edmund Phelps and published by Columbia University Press. This book was released on 2023-05-16 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edmund Phelps is among the most important economists of his generation. He developed a new understanding of unemployment and inflation and went on to rethink the roots of innovation. His work represents a lifelong project to put “people as we know them” into economic theory. In this book, Phelps tells the story of his role in reshaping economic theory, offering a powerful personal account of a creative and rewarding career. My Journeys in Economic Theory charts two major phases of Phelps’s work, illuminating the breadth of his contributions to the field. First, introducing the expectations of wage setters and cofounding the “equilibrium” rate of unemployment, he built the microeconomic foundations for the employment theory pioneered by Keynes and Hicks. More recently, he conceived a theory of “mass flourishing” superseding Schumpeter and Solow’s conception of the process of innovating—a theory in which individuals’ creativity and society’s dynamism fuel grassroots innovation and generate job satisfaction in the process. Phelps recounts his vivid experiences in the world of economics—fierce arguments, competition and collaboration, and the good fortune of time spent among some great figures—as well as his relationships with luminaries such as John Rawls, Thomas Nagel, Paul Samuelson, and Paul Volcker. At its core, this book shares the joy of intellectual achievement: the excitement of coming up with a new idea that radically departs from prevailing views and the satisfaction of exercising one’s own ingenuity instead of applying or developing others’ models. Telling the story of a life packed with intellectual adventure, My Journeys in Economic Theory provides a profound vision of a dynamic, modern economy that offers lives rich with creativity and meaning.
Author : Edmund S. Phelps
Publisher : Princeton University Press
ISBN 13 : 1400848296
Total Pages : 393 pages
Book Rating : 4.4/5 (8 download)
Download or read book Mass Flourishing written by Edmund S. Phelps and published by Princeton University Press. This book was released on 2013-08-19 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread, indigenous innovation. Most innovation wasn't driven by a few isolated visionaries like Henry Ford and Steve Jobs; rather, it was driven by millions of people empowered to think of, develop, and market innumerable new products and processes, and improvements to existing ones. Mass flourishing--a combination of material well-being and the "good life" in a broader sense--was created by this mass innovation. Yet indigenous innovation and flourishing weakened decades ago. In America, evidence indicates that innovation and job satisfaction have decreased since the late 1960s, while postwar Europe has never recaptured its former dynamism. The reason, Phelps argues, is that the modern values underlying the modern economy are under threat by a resurgence of traditional, corporatist values that put the community and state over the individual. The ultimate fate of modern values is now the most pressing question for the West: will Western nations recommit themselves to modernity, grassroots dynamism, indigenous innovation, and widespread personal fulfillment, or will we go on with a narrowed innovation that limits flourishing to a few? A book of immense practical and intellectual importance, Mass Flourishing is essential reading for anyone who cares about the sources of prosperity and the future of the West.
Author : Edmund S. Phelps
Publisher : Harvard University Press
ISBN 13 : 0674244699
Total Pages : 257 pages
Book Rating : 4.6/5 (742 download)
Download or read book Dynamism written by Edmund S. Phelps and published by Harvard University Press. This book was released on 2020-05-05 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Laureate Edmund Phelps and an international group of economists argue that economic health depends on the widespread presence of certain values, in particular individualism and self-expression. Nobel Laureate Edmund Phelps has long argued that the high level of innovation in the lead nations of the West was never a result of scientific discoveries plus entrepreneurship, as Schumpeter thought. Rather, modern values—particularly the individualism, vitalism, and self-expression prevailing among the people—fueled the dynamism needed for widespread, indigenous innovation. Yet finding links between nations’ values and their dynamism was a daunting task. Now, in Dynamism, Phelps and a trio of coauthors take it on. Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega find evidence that differences in nations’ values matter—and quite a lot. It is no accident that the most innovative countries in the West were rich in values fueling dynamism. Nor is it an accident that economic dynamism in the United States, Britain, and France has suffered as state-centered and communitarian values have moved to the fore. The authors lay out their argument in three parts. In the first two, they extract from productivity data time series on indigenous innovation, then test the thesis on the link between values and innovation to find which values are positively and which are negatively linked. In the third part, they consider the effects of robots on innovation and wages, arguing that, even though many workers may be replaced rather than helped by robots, the long-term effects may be better than we have feared. Itself a significant display of creativity and innovation, Dynamism will stand as a key statement of the cultural preconditions for a healthy society and rewarding work.
Author : Mark Blaug
Publisher : Cambridge University Press
ISBN 13 : 1107717345
Total Pages : 756 pages
Book Rating : 4.1/5 (77 download)
Download or read book Economic Theory in Retrospect written by Mark Blaug and published by Cambridge University Press. This book was released on 1997-03-27 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is a history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics, namely the works of Smith, Ricardo, Mill, Marx, Marshall, Wickstead, Wicksell, Walras and Keynes, in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition, first published in 1997, adds new Reader's Guides to Walras's Elements of Pure Economics (1871–74) and Keynes' General Theory to the previous seven Reader's Guides of other great books in economics. There are significant and major additions to six chapters.
Author : Robert L. Heilbroner
Publisher : W. W. Norton & Company
ISBN 13 : 039395529X
Total Pages : 228 pages
Book Rating : 4.3/5 (939 download)
Download or read book The Nature and Logic of Capitalism written by Robert L. Heilbroner and published by W. W. Norton & Company. This book was released on 1985 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: A social analysis of capitalism. Nature and logic of social systems and capitalism.
Author : Richard Robb
Publisher : Yale University Press
ISBN 13 : 0300249209
Total Pages : 253 pages
Book Rating : 4.3/5 (2 download)
Download or read book Willful written by Richard Robb and published by Yale University Press. This book was released on 2019-11-12 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revelatory alternative to the standard economic models of human behavior that proposes an exciting new way to understand decision-making Why do we do the things we do? The classical view of economics is that we are rational individuals, making decisions with the intention of maximizing our preferences. Behaviorists, on the other hand, see us as relying on mental shortcuts and conforming to preexisting biases. Richard Robb argues that neither explanation accounts for those things that we do for their own sake, and without understanding these sorts of actions, our picture of decision†‘making is at best incomplete. Robb explains how these choices made seemingly without reason belong to a realm of behavior he identifies as “for†‘itself.” A provocative combination of philosophy and economics that offers a key to many of our quixotic choices, this groundbreaking volume provides a new way to understand everything from investing to how hard we work to how we manage daily interactions.
Author : Frederick F. Wherry
Publisher : SAGE Publications
ISBN 13 : 1506346170
Total Pages : 1969 pages
Book Rating : 4.5/5 (63 download)
Download or read book The SAGE Encyclopedia of Economics and Society written by Frederick F. Wherry and published by SAGE Publications. This book was released on 2015-09-01 with total page 1969 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is the nexus and engine that runs society, affecting societal well-being, raising standards of living when economies prosper or lowering citizens through class structures when economies perform poorly. Our society only has to witness the booms and busts of the past decade to see how economics profoundly affects the cores of societies around the world. From a household budget to international trade, economics ranges from the micro- to the macro-level. It relates to a breadth of social science disciplines that help describe the content of the proposed encyclopedia, which will explicitly approach economics through varied disciplinary lenses. Although there are encyclopedias of covering economics (especially classic economic theory and history), the SAGE Encyclopedia of Economics and Society emphasizes the contemporary world, contemporary issues, and society. Features: 4 volumes with approximately 800 signed articles ranging from 1,000 to 5,000 words each are presented in a choice of print or electronic editions Organized A-to-Z with a thematic Reader's Guide in the front matter groups related entries Articles conclude with References & Future Readings to guide students to the next step on their research journeys Cross-references between and among articles combine with a thorough Index and the Reader's Guide to enhance search-and-browse in the electronic version Pedagogical elements include a Chronology of Economics and Society, Resource Guide, and Glossary This academic, multi-author reference work will serve as a general, non-technical resource for students and researchers within social science programs who seek to better understand economics through a contemporary lens.
Author : John Bates Clark
Publisher :
ISBN 13 :
Total Pages : 738 pages
Book Rating : 4.A/5 ( download)
Download or read book Essentials of Economic Theory written by John Bates Clark and published by . This book was released on 1907 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt: Partly reprinted from various sources.
Author : Carl Cone
Publisher : Routledge
ISBN 13 : 1351483250
Total Pages : 265 pages
Book Rating : 4.3/5 (514 download)
Download or read book The Evolution of Modern Economic Theory written by Carl Cone and published by Routledge. This book was released on 2017-09-29 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long paper which gives the title to this collection and which has never before been published as paperback was initially an attempt to promote international academic understanding. The Economics Department at the London School of Economics had arranged a colloquy between two groups of Russian and British economists; and where the author asked to contribute a general survey of the present state of economic theory as taught in Western centers. For reasons, which are explained in the opening section, the author decided to adopt an historical approach; and the notes on which the present paper is based were the result.The remainders of the papers have as their common denominator a continuing interest in the history of economic thought. Beginning with a lengthy critique of Schumpeter's magisterial History of Economic Analysis, they range from an appraisal of Bentham's continuing relevance to a review of Robertson's Lectures on Economic Principles, with some special attention to John Stuart Mill both as a human being and as an economist. They have been written at various times in the last thirty-five years; and minute scrutiny, if such were thought to be worthwhile--which of course it is not--might detect some variations of emphasis, particularly perhaps in the implicit valuations of Marshall and his contribution, in the papers on Wicksteed and Schumpeter's History respectively. But in spite of a certain shift of perspective here, the author thought it worthwhile to attempt substantial redrafting.Apart from the correction of obvious inelegances or actual errors, the excision of some duplicating quotations and, in a few cases, the addition of supplementary material and references, the papers are reproduced as originally written. In each instance the author has given footnote acknowledgements of the place of original publication.
Author : Lionel Robbins Baron Robbins
Publisher : Transaction Publishers
ISBN 13 : 0202369641
Total Pages : 268 pages
Book Rating : 4.2/5 (23 download)
Download or read book The Evolution of Modern Economic theory written by Lionel Robbins Baron Robbins and published by Transaction Publishers. This book was released on with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christopher D. Mackie
Publisher : Routledge
ISBN 13 : 1315502313
Total Pages : 191 pages
Book Rating : 4.3/5 (155 download)
Download or read book Canonizing Economic Theory written by Christopher D. Mackie and published by Routledge. This book was released on 2016-07-11 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historians of economic thought traditionally summarize, critique, and trace the development of existing theory. History of thought literature provides information about the authors, chronology, and relative importance of influential works. Generally missing from the literature, however, are answers to questions about why economic theory exists in its current form: Why have economists chosen the theories they have to represent the discipline's formal content? What are the criteria that determine the value of a theory, or of research in general; and, how have these criteria changed over time? In this insightful and well-written work, Christopher Mackie analyzes how ideas and theories are accepted in economics, from the pre-publication phase to the point at which, once written, a theory enters the accepted body of professional literature. Drawing from economics, the history of science, and philosophy, Mackie shows how both empirical and non-empirical criteria determine how theory will actually evolve.
Author : Simon Nelson Patten
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.3/5 (21 download)
Download or read book The Reconstruction of Economic Theory written by Simon Nelson Patten and published by . This book was released on 1912 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Burton Ekelund
Publisher :
ISBN 13 : 9780070192393
Total Pages : 508 pages
Book Rating : 4.1/5 (923 download)
Download or read book A History of Economic Theory and Method written by Robert Burton Ekelund and published by . This book was released on 1975 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark Blaug
Publisher :
ISBN 13 : 9781258268039
Total Pages : 646 pages
Book Rating : 4.2/5 (68 download)
Download or read book Economic Theory in Retrospect written by Mark Blaug and published by . This book was released on 2012-04-01 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert M. Pennoyer
Publisher : Easton Studio Press, LLC
ISBN 13 : 1632260468
Total Pages : 434 pages
Book Rating : 4.6/5 (322 download)
Download or read book As It Was: A Memoir written by Robert M. Pennoyer and published by Easton Studio Press, LLC. This book was released on 2015-10-13 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Robert M. Pennoyer was born into a storied family - his maternal grandfather was the legendary J. P. Morgan. His irresistible memoir traces his sheltered childhood on the Gold Coast of Long Island; an adolescence overshadowed by the gathering clouds of World War II; and a young adulthood that survived one of the decisive engagements of the Pacific Theater - Iwo Jima. The author gives us as well a heartwarming account of a romance that blossomed into a lifelong matrimonial partnership and a close family life, tested nonetheless by crisis. And he chronicles a distinguished career, the early part of which was spent in the service of President Eisenhower and the latter part in private law practice and pro bono work. As It Was begins in an era of unprecedented wealth and privilege for some and great misery and poverty for others, - one that Mark Twain lampooned as the “Gilded Age,” and ends, coming in effect full circle, in our own era of the One Per Cent, as the income chasm in America reopens. What divides these periods, and is so impressively portrayed here, is the rise of American Progressivism led by the two Roosevelts. Most importantly, this book is itself a demonstration of the values that boosted America on its path to greatness and for which no finer exemplar could be found than its author. It bespeaks a belief in democracy that is passionate and unshakable, and builds on a deep appreciation of the institutions that enable it. The spirit that flows through these pages may be modest, but it is also filled with an irrepressible optimism and a faith in simple values that are both uplifting and marvelously contagious. As It Was is a lesson in a life well lived, and a tonic for dark and troubled times.” -- Scott Horton, author of Lords of Secrecy: The National Security Elite and America’s Stealth Warfare (2015), contributing editor,Harper’s Magazine.
Author : Edmund Phelps
Publisher : Springer Nature
ISBN 13 : 3031314417
Total Pages : 160 pages
Book Rating : 4.0/5 (313 download)
Download or read book The Great Economic Slowdown written by Edmund Phelps and published by Springer Nature. This book was released on 2023-10-02 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book charts the fall of productivity growth and the rise of inequality within global economies and societies. Set out through a series of economic models, the impact of falling rates of productivity growth, particularly in the USA, are examined in relation to lowering interest rates, the lifting of the stock market, and an increasingly unequal distribution of wealth. The economic impact of COVID-19, including the increased tendency to work from home and renewed public debt pressures, are contextualised within broader issues of wage suppression and discontent within the labor force to highlight how average workers have been left behind. The rise of China and the geopolitical tensions that it has created is also discussed. This book sets out the macro and microeconomic innovations that can create a revival in productivity growth in the coming years. It will be relevant to students and researchers interested in global economic trends and the political economy.
