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Puzzles And Paradoxes In Economics
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Book Synopsis Puzzles and Paradoxes in Economics by : Mark Skousen
Download or read book Puzzles and Paradoxes in Economics written by Mark Skousen and published by . This book was released on 1998 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes 50 paradoxes that challenge or have challenged both economists and others. Among them are the fairness of market wages, the alleged gold absurdity, the Irish potato famine, the paradox of thrift, the perversity of Wall Street, why the best crops are shipped out of state, whether teachers are underpaid, whether studying economics makes people immoral, and whether war is good for the economy. References are provided to each. Assumes no special knowledge of economics. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Puzzles and Paradoxes in Economics by : Mark Skousen
Download or read book Puzzles and Paradoxes in Economics written by Mark Skousen and published by Edward Elgar Publishing. This book was released on 1997-05-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book includes fifty puzzles and focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as why some supermarket items sell for more per ounce in larger sizes). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved (such as the diamond–water paradox). Finally, empirical or conceptual anomalies that remain unresolved and present a challenge to today’s economists (such as the voting paradox).
Book Synopsis Puzzles, Paradoxes, Controversies, and the Global Economy by : Charles Wolf Jr.
Download or read book Puzzles, Paradoxes, Controversies, and the Global Economy written by Charles Wolf Jr. and published by Hoover Press. This book was released on 2015-06-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others. First appearing in such periodicals as in Forbes, the Wall Street Journal, and the Weekly Standard, among others, these chapters take on a range of questions about the global economy. Wolf discusses the paradoxes and puzzles within China's political economy and in its interactions with the United States. He analyzes the shortcomings of Keynesian economics as a response to the 2008 recession, as well as the weaknesses of policies and actions inferred from the theory, and compares those weaknesses with those of austerity policies intended to limit government spending and indebtedness. He also offers his views on economic inequality and where its principal sources may truly lay, China's currency and the continuing controversy about whether and when it may become a major international reserve currency, and many more insights on key economic issues affecting the global economy. Bringing these essays together for the first time in a single volume, including two essays not yet published elsewhere, this book enables the reader to absorb the author's expert perspective during the years in a collection in which the whole is truly greater than the sum of its parts. Each chapter includes a brief "postaudit" in which the author attempts to grade how well or ill the essay seems in retrospect.
Book Synopsis Controversies in Economics and Finance by : Imad A. Moosa
Download or read book Controversies in Economics and Finance written by Imad A. Moosa and published by Edward Elgar Publishing. This book was released on 2020-11-27 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. Controversies in Economics and Finance is a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.
Book Synopsis The Winner's Curse by : Richard H. Thaler
Download or read book The Winner's Curse written by Richard H. Thaler and published by Simon and Schuster. This book was released on 2012-06-26 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Nobel Memorial Prize in Economic Sciences Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers—they pay too much and suffer the "winner's curse"—why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.
Book Synopsis Handbook of Production Economics by : Subhash C. Ray
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Book Synopsis A Panorama of Statistics by : Eric Sowey
Download or read book A Panorama of Statistics written by Eric Sowey and published by John Wiley & Sons. This book was released on 2017-01-30 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dieses Buch nimmt den Leser mit auf eine anregende Reise rund um die Welt der Statistik. Auf eine ganz andere Art werden Theorie und Praxis Dozenten, Studenten und Praktikern nahe gebracht. Auf jeder Etappe dieser Reise untersuchen die Autoren ungewöhnliche und skurille Aspekte der Statistik, stellen historische, biographische und philosophische Dimensionen heraus. Die einzelnen Kapitel beginnen mit einem Ausblick auf das Thema, oftmals aus unterschiedlichen Blickwinkeln. Darauf folgen fünf Fragen, die zum Nachdenken anregen. Ziel ist es, die Kenntnisse der Leser zu erweitern und zu vertiefen. Zu den Fragen gibt es auch immer wieder unterhaltsame Rätsel, mit denen spannende Paradoxa aufgelöst werden. Die Leser können ihre eigenen Entdeckungen in der Welt der Statistik mit den ausführlichen Antworten der Autoren auf die jeweiligen Fragen vergleichen.
Book Synopsis Cambridge Economics in the Post-Keynesian Era by : Ashwani Saith
Download or read book Cambridge Economics in the Post-Keynesian Era written by Ashwani Saith and published by Springer Nature. This book was released on 2022-11-11 with total page 1218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book chronicles the rise and especially the demise of diverse revolutionary heterodox traditions in Cambridge theoretical and applied economics, investigating both the impact of internal pressures within the faculty as also the power of external ideological and political forces unleashed by the global dominance of neoliberalism. Using fresh archival materials, personal interviews and recollections, this meticulously researched narrative constructs the untold story of the eclipse of these heterodox and post-Keynesian intellectual traditions rooted and nurtured in Cambridge since the 1920s, and the rise to power of orthodox, mainstream economics. Also expunged in this neoclassical counter-revolution were the structural and radical policy-oriented macro-economic modelling teams of the iconic Department of Applied Economics, along with the atrophy of sociology, development and economic history from teaching and research in the self-purifying faculty. This book will be of particular interest to researchers in the history of economic thought, sociology of knowledge, political economy, especially those engaged in heterodox and post-Keynesian economics, and to everyone wishing to make economics fit for purpose again for negotiating the multiple economic, social and environmental crises rampant at national and global levels.
Book Synopsis Eminent Economists II by : Michael Szenberg
Download or read book Eminent Economists II written by Michael Szenberg and published by Cambridge University Press. This book was released on 2014-02-24 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sequel to Eminent Economists, this book presents the ideas of some of the most outstanding economists of the past half century. The contributors, representing divergent points of the ideological compass, present their life philosophies and reflect on their conceptions of human nature, society, justice, and the source of creative impulse. These self-portraits reveal details of the economists' personal and professional lives that capture the significance of the total person. The essays represent streams of thought that lead to the vast ocean of economics, where gems of the discipline lie, and the volume will appeal to a wide array of readers, including professional economists, students and laypersons who seek a window into the heart of this complex field. The contributors include Alan S. Blinder, Clair Brown, John Y. Campbell, Vincent P. Crawford, Paul Davidson, Angus Deaton, Harold Demsetz, Peter Diamond, Avinash Dixit, Barry Eichengreen, Jeffrey Frankel, Richard B. Freeman, Benjamin M. Friedman and John Hull.
Book Synopsis Economic and Environmental Risk and Uncertainty by : Robert Nau
Download or read book Economic and Environmental Risk and Uncertainty written by Robert Nau and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of `non-expected utility' have been devised to explain many puzzles and paradoxes of individual and collective choice behaviour. This volume presents some of the best recent work on the modelling of risk and uncertainty, with applications to problems in environmental policy, public health, economics and finance. Eighteen papers by distinguished economists, management scientists, and statisticians shed new light on phenomena such as the Allais and St. Petersburg paradoxes, the equity premium puzzle, the demand for insurance, the valuation of public health and safety, and environmental goods. Audience: This work will be of interest to economists, management scientists, risk and policy analysts, and others who study risky decision-making in economic and environmental contexts.
Book Synopsis Eminent Economists II by : Michael Szenberg
Download or read book Eminent Economists II written by Michael Szenberg and published by Cambridge University Press. This book was released on 2014-02-24 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the ideas of some of the most outstanding economists of the past half century.
Book Synopsis Game Theory: A Very Short Introduction by : Ken Binmore
Download or read book Game Theory: A Very Short Introduction written by Ken Binmore and published by Oxford University Press. This book was released on 2007-10-25 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. This title shows how to play such games in a rational way, and how to maximize their outcomes.
Book Synopsis On the Brink of Paradox by : Agustin Rayo
Download or read book On the Brink of Paradox written by Agustin Rayo and published by MIT Press. This book was released on 2019-04-02 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to awe-inspiring ideas at the brink of paradox: infinities of different sizes, time travel, probability and measure theory, and computability theory. This book introduces the reader to awe-inspiring issues at the intersection of philosophy and mathematics. It explores ideas at the brink of paradox: infinities of different sizes, time travel, probability and measure theory, computability theory, the Grandfather Paradox, Newcomb's Problem, the Principle of Countable Additivity. The goal is to present some exceptionally beautiful ideas in enough detail to enable readers to understand the ideas themselves (rather than watered-down approximations), but without supplying so much detail that they abandon the effort. The philosophical content requires a mind attuned to subtlety; the most demanding of the mathematical ideas require familiarity with college-level mathematics or mathematical proof. The book covers Cantor's revolutionary thinking about infinity, which leads to the result that some infinities are bigger than others; time travel and free will, decision theory, probability, and the Banach-Tarski Theorem, which states that it is possible to decompose a ball into a finite number of pieces and reassemble the pieces so as to get two balls that are each the same size as the original. Its investigation of computability theory leads to a proof of Gödel's Incompleteness Theorem, which yields the amazing result that arithmetic is so complex that no computer could be programmed to output every arithmetical truth and no falsehood. Each chapter is followed by an appendix with answers to exercises. A list of recommended reading points readers to more advanced discussions. The book is based on a popular course (and MOOC) taught by the author at MIT.
Download or read book Journal of Economic Literature written by and published by . This book was released on 2004 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Prosperity Paradox by : Clayton M. Christensen
Download or read book The Prosperity Paradox written by Clayton M. Christensen and published by HarperCollins. This book was released on 2019-01-15 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clayton M. Christensen, the author of such business classics as The Innovator’s Dilemma and the New York Times bestseller How Will You Measure Your Life, and co-authors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity, and offers a groundbreaking solution for true and lasting change. Global poverty is one of the world’s most vexing problems. For decades, we’ve assumed smart, well-intentioned people will eventually be able to change the economic trajectory of poor countries. From education to healthcare, infrastructure to eradicating corruption, too many solutions rely on trial and error. Essentially, the plan is often to identify areas that need help, flood them with resources, and hope to see change over time. But hope is not an effective strategy. Clayton M. Christensen and his co-authors reveal a paradox at the heart of our approach to solving poverty. While noble, our current solutions are not producing consistent results, and in some cases, have exacerbated the problem. At least twenty countries that have received billions of dollars’ worth of aid are poorer now. Applying the rigorous and theory-driven analysis he is known for, Christensen suggests a better way. The right kind of innovation not only builds companies—but also builds countries. The Prosperity Paradox identifies the limits of common economic development models, which tend to be top-down efforts, and offers a new framework for economic growth based on entrepreneurship and market-creating innovation. Christensen, Ojomo, and Dillon use successful examples from America’s own economic development, including Ford, Eastman Kodak, and Singer Sewing Machines, and shows how similar models have worked in other regions such as Japan, South Korea, Nigeria, Rwanda, India, Argentina, and Mexico. The ideas in this book will help companies desperate for real, long-term growth see actual, sustainable progress where they’ve failed before. But The Prosperity Paradox is more than a business book; it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.
Book Synopsis Behavioural Economics by : David Orrell
Download or read book Behavioural Economics written by David Orrell and published by Icon Books. This book was released on 2021-01-07 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The controversial science that claims to have revolutionised economics. For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We don't really know what our utility is, and we care about people other than ourselves. We are susceptible to external nudges. And far from being perfectly rational we are prone to 'cognitive biases' with complex effects on decision-making, such as forgetting to prepare for retirement. David Orrell explores the findings from psychology and neuroscience that are shaking up economics - and that are being exploited by policy-makers and marketers alike, to shape everything from how we shop for food, to how we tackle societal happiness or climate change. Finally, he asks: is behavioural economics a scientific revolution, or just a scientific form of marketing?
Book Synopsis Histories of Scientific Observation by : Lorraine Daston
Download or read book Histories of Scientific Observation written by Lorraine Daston and published by University of Chicago Press. This book was released on 2011-01-15 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Observation is the most pervasive and fundamental practice of all the modern sciences, both natural and human. Its instruments include not only the naked senses but also tools such as the telescope and microscope, the questionnaire, the photographic plate, the notebook, the glassed-in beehive, and myriad other ingenious inventions designed to make the invisible visible, the evanescent permanent, the abstract concrete. Yet observation has almost never been considered as an object of historical inquiry in itself. This wide-ranging collection offers the first examination of the history of scientific observation in its own right, as both epistemic category and scientific practice. Histories of Scientific Observation features engaging episodes drawn from across the spectrum of the natural and human sciences, ranging from meteorology, medicine, and natural history to economics, astronomy, and psychology. The contributions spotlight how observers have scrutinized everything—from seaweed to X-ray radiation, household budgets to the emotions—with ingenuity, curiosity, and perseverance verging on obsession. This book makes a compelling case for the significance of the long, surprising, and epistemologically significant history of scientific observation, a history full of innovations that have enlarged the possibilities of perception, judgment, and reason.
