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Roads To Wisdom Conversations With Ten Nobel Laureates In Economics
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Book Synopsis Roads to Wisdom, Conversations with Ten Nobel Laureates in Economics by : Karen Ilse Horn
Download or read book Roads to Wisdom, Conversations with Ten Nobel Laureates in Economics written by Karen Ilse Horn and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a beautifully written and engaging book. At its heart is a series of structured interviews with ten Nobel Memorial Laureates in Economics that provide fascinating insights into the main influences on their career paths and pioneering work. Karen Horn is to be applauded, not just for her wide-ranging scholarship and thought-provoking analysis but also for producing a non-technical yet rigorous book which is eminently accessible to non-specialists. In short this an excellent volume which comes highly recommended. Howard R. Vane, Liverpool John Moores University, UK Karen Horn s questions are insightful, her notes are accurate and informative, and her summing up of the central question of creativity that she poses in the book is cogent and to the point. All in all, this book is difficult to put down and I can t imagine any reader who will not fail to learn a great deal about economics along the way. Mark Blaug, University of London and University of Buckingham, UK Karen Horn s remarkable interviews with ten Nobel Laureates explore the conditions required for scientific progress by navigating the roads to wisdom in economic science. How does progress in economic theory come about? Where do path-breaking ideas come from? What is it that has enabled these outstanding scholars to make their substantial contributions? How deep are the footprints of a particular historical situation, how strong the political tide or the state-of-the-art in economics, and how influential is personal history on their individual roads to wisdom? Analytical answers to these fundamental questions are presented in this insightful collection of deep and highly inspiring conversations with Nobel Laureates Paul A. Samuelson, Kenneth J. Arrow, James M. Buchanan, Robert M. Solow, Gary S. Becker, Douglass C. North, Reinhard Selten, George A. Akerlof, Vernon L. Smith and Edmund S. Phelps. Superbly supplemented with concise overviews of the Nobel Laureates lives and works, these fascinating discussions culminate with a comprehensive inquiry into progress in economic theory. As such, this eloquent and highly accessible book will prove to be a compelling read for scholars and students of the discipline, and all those with an interest in economics and the history of economic thought.
Book Synopsis The Portfolio Theorists by : C. Read
Download or read book The Portfolio Theorists written by C. Read and published by Springer. This book was released on 2011-12-07 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Read examines probability, risk, and uncertainty through the contributions of John von Neumann, Leonard Jimmie Savage, Kenneth Arrow and Harry Markowitz. These Portfolio Theorists provided us with a dramatic leap forward in our understanding of and insights into financial rewards under risk and uncertainty.
Book Synopsis Capitalism and Freedom by : Sulaiman Hakemy
Download or read book Capitalism and Freedom written by Sulaiman Hakemy and published by CRC Press. This book was released on 2017-07-05 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Milton Friedman was arguably the single most influential economist of the 20th-century. His influence, particularly on conservative politics in America and Great Britain, substantially helped – as both supporters and critics agree – to shape the global economy as it is today. Capitalism and Freedom (1962) is a passionate but carefully reasoned summary of Friedman’s philosophy of political and economic freedom, and it has become perhaps his most directly influential work. Friedman’s argument focuses on the place of economic liberalism in society: in his view, free markets and personal economic freedom are absolutely necessary for true political freedom to exist. Freedom, for Friedman, is the ultimate good in a society – the marker and aim of true civilisation. And, crucially, he argues, real freedom is rarely aided by government. For Friedman, indeed, “the great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government”. Instead, he argues, they have always been produced by “minority views” flourishing in a social climate permitting variety and diversity.” In successive chapters, Friedman develops a well-structured line of reasoning emerging from this stance – leading him to some surprising conclusions that remain persuasive and influential more than 60 years on.
Book Synopsis Economics [4 volumes] by : David A. Dieterle
Download or read book Economics [4 volumes] written by David A. Dieterle and published by Bloomsbury Publishing USA. This book was released on 2017-03-27 with total page 2345 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive four-volume resource that explains more than 800 topics within the foundations of economics, macroeconomics, microeconomics, and global economics, all presented in an easy-to-read format. As the global economy becomes increasingly complex, interconnected, and therefore relevant to each individual, in every country, it becomes more important to be economically literate—to gain an understanding of how things work beyond the microcosm of the economic needs of a single individual or family unit. This expansive reference set serves to establish basic economic literacy of students and researchers, providing more than 800 objective and factually driven entries on all the major themes and topics in economics. Written by leading scholars and practitioners, the set provides readers with a framework for understanding economics as mentioned and debated in the public forum and media. Each of the volumes includes coverage of important events throughout economic history, biographies of the major economists who have shaped the world of economics, and highlights of the legislative acts that have shaped the U.S. economy throughout history. The extensive explanations of major economic concepts combined with selected key historical primary source documents and a glossary will endow readers with a fuller comprehension of our economic world.
Book Synopsis Frontier Topics in Banking by : Elisabetta Gualandri
Download or read book Frontier Topics in Banking written by Elisabetta Gualandri and published by Springer. This book was released on 2019-05-28 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is twofold: Firstly to focus on the development of new instruments and topics in the financial industry. Secondly to analyze the development of “old” themes applied to different international contexts, such as cross-border banking and the role of government financial resources in China. With these goals in mind, the book explores the investigation of new instruments for the financing of SMEs and new ventures, such as mini bonds and equity crowdfunding. Additionally, it covers the field of corporate governance and corporate social responsibility including financial inclusion, gender roles, disclosure, social media roles and litigation. The book also investigates the choices followed by the Royal Swedish Academy in the selection of Nobel laureates in economics science to analyze their influence on the financial industry. Geared to banking academics, researchers and students, this book uncovers the most prominent issues within the banking industry today.
Book Synopsis Economic Thinkers by : David A. Dieterle
Download or read book Economic Thinkers written by David A. Dieterle and published by Bloomsbury Publishing USA. This book was released on 2013-08-08 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who are the individuals whose novel ideas, writings, and philosophies have influenced economics throughout history—and in doing so, have helped change the world? This encyclopedia provides a readable study of economics by examining the great economists themselves. This book presents biographies of 200 economic thinkers throughout history, supplying a one-stop reference about the men and women whose ideas, writings, and philosophies created the foundation of our current understanding of economics. Depicting their subjects within the contexts of history, development economics, and econometrics, these biographies provide an insightful overview of the world of economics through the economists of significance and the many subdisciplines, topics, eras, and philosophies they represent. Economic Thinkers: A Biographical Encyclopedia begins by describing economic thinkers in ancient Greece and Rome, moves through history to cover economists in the 15th through 19th centuries, and addresses economic theory in the 20th century and the modern era. Written to be easily accessible and highly readable, the work will appeal to students, scholars, general readers, and anyone interested in learning about the historical and philosophical foundation of economics.
Book Synopsis Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2 by : Edward Nelson
Download or read book Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2 written by Edward Nelson and published by University of Chicago Press. This book was released on 2020-11-06 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Second in a two-volume study of the Nobel Prize winner’s long career: “Nelson knows more about Milton Friedman’s economics than anyone else alive.” —Business Economics This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This second volume covers the years between 1960 and 1972—years that saw the publication of Friedman and Anna Schwartz’s Monetary History of the United States. The book also covers Friedman’s involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History
Book Synopsis Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 1 by : Edward Nelson
Download or read book Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 1 written by Edward Nelson and published by University of Chicago Press. This book was released on 2020-11-06 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: First in a two-volume study of Friedman’s long career: “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This first volume in the two-volume account takes the story through 1960, covering the period in which Friedman began and developed his research on monetary policy. It traces Friedman’s thinking from his professional beginnings in the 1930s as a combative young microeconomist, to his wartime years on the staff of the US Treasury, and his emergence in the postwar period as a leading proponent of monetary policy. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “Magisterial . . . For anyone wanting to understand the ideas that Friedman generated over his research career, this book is, and will remain for some time, the essential guide.” —Financial World
Book Synopsis Founder of Modern Economics by : Roger Backhouse
Download or read book Founder of Modern Economics written by Roger Backhouse and published by Oxford University Press. This book was released on 2017 with total page 761 pages. Available in PDF, EPUB and Kindle. Book excerpt: Founder of Modern Economics offers stimulating insight into a towering figure's influence on economics: a discipline and way of thinking that influences business, policy making, and everyday life.
Book Synopsis Chicagonomics by : Alan O. Ebenstein
Download or read book Chicagonomics written by Alan O. Ebenstein and published by Macmillan. This book was released on 2015-10-06 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the history and development of economic ideas emanating from the University of Chicago
Book Synopsis Scientific Imperialism by : Uskali Mäki
Download or read book Scientific Imperialism written by Uskali Mäki and published by Routledge. This book was released on 2017-10-16 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing body of research on interdisciplinarity has encouraged a more in depth analysis of the relations that hold among academic disciplines. In particular, the incursion of one scientific discipline into another discipline’s traditional domain, also known as scientific imperialism, has been a matter of increasing debate. Following this trend, Scientific Imperialism aims to bring together philosophers of science and historians of science interested in the topic of scientific imperialism and, in particular, interested in the conceptual clarification, empirical identification, and normative assessment of the idea of scientific imperialism. Thus, this innovative volume has two main goals. Indeed, the authors first seek to understand interdisciplinary relations emerging from the incursion of one scientific discipline into one or more other disciplines, such as in cases in which the conventions and procedures of one discipline or field are imposed on other fields; or more weakly when a scientific discipline seeks to explain phenomena that are traditionally considered proper of another discipline’s domain. Secondly, the authors explore ways of distinguishing imperialistic from non-imperialistic interactions between disciplines and research fields. The first sustained study of scientific imperialism, this volume will appeal to postgraduate students and postdoctoral researchers interested in fields such as Science and Technology Studies, Sociology of Science & Technology, Philosophy of Science, and History of Science.
Book Synopsis James M. Buchanan by : John Meadowcroft
Download or read book James M. Buchanan written by John Meadowcroft and published by A&C Black. This book was released on 2013-08-01 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is volume 17 in the Major Conservative and Libertarian Thinkers series.
Book Synopsis The New Institutionalist Economic History of Douglass C. North by : Matthijs Krul
Download or read book The New Institutionalist Economic History of Douglass C. North written by Matthijs Krul and published by Springer. This book was released on 2018-08-28 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive assessment of Douglass North’s contribution to economics and the social sciences by examining the origins and structure of his New Institutionalist Economic History (NIEH). Informed by contemporary debates in the philosophy of economics, Krul describes the evolution of North’s theory from mainstream economics to an increasingly heterodox form of New Institutionalism. He also examines what North's original aims were in developing the NIEH research programme and how well it has achieved these aims. By exploring major themes in North's NIEH, with an emphasis on the final stage of his theory, Krul sheds new light on the strengths and weaknesses of North's work. He also discusses the implications of this critical interpretation for the New Institutionalism in economics and other fields of social science.
Book Synopsis Hayek: A Collaborative Biography by : Robert Leeson
Download or read book Hayek: A Collaborative Biography written by Robert Leeson and published by Springer. This book was released on 2018-05-15 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funded by the tobacco and fossil fuel industries, the Mises- and Hayek-inspired ‘free’ market has adopted ‘The Slogan of Liberty’ - but should their faith-based assertions be accorded the same epistemological status as a science? If Austrian economics is a branch of divinely revealed ‘knowledge’ - as the epigone Godfather, Hans Sennholz, insists - what validity do its policy recommendations have? Should those who falsely claim to have PhDs be tax-funded as ‘Post-Doctoral Fellows’ and ‘Professors’? This volume examines the consequences of the ‘free’ market colonisation of economics – climate change, financial crises and the corruption of academic discourse
Download or read book Finding Equilibrium written by Till Düppe and published by Princeton University Press. This book was released on 2014-07-21 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remarkable story and personalities behind one of the most important theories in modern economics Finding Equilibrium explores the post–World War II transformation of economics by constructing a history of the proof of its central dogma—that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954 by Kenneth Arrow and Gerard Debreu collaboratively, and by Lionel McKenzie separately, and would become widely known as the "Arrow-Debreu Model." While Arrow and Debreu would later go on to win separate Nobel prizes in economics, McKenzie would never receive it. Till Düppe and E. Roy Weintraub explore the lives and work of these economists and the issues of scientific credit against the extraordinary backdrop of overlapping research communities and an economics discipline that was shifting dramatically to mathematical modes of expression. Based on recently opened archives, Finding Equilibrium shows the complex interplay between each man's personal life and work, and examines compelling ideas about scientific credit, publication, regard for different research institutions, and the awarding of Nobel prizes. Instead of asking whether recognition was rightly or wrongly given, and who were the heroes or villains, the book considers attitudes toward intellectual credit and strategies to gain it vis-à-vis the communities that grant it. Telling the story behind the proof of the central theorem in economics, Finding Equilibrium sheds light on the changing nature of the scientific community and the critical connections between the personal and public rewards of scientific work.
Download or read book Paul Samuelson written by Robert A. Cord and published by Springer Nature. This book was released on 2020-01-07 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant part of economics as we know it today is the outcome of battles that took place in the post-war years between Keynesians and monetarists. In the US, the focus of these battles was often between the neo-Keynesians at the Massachusetts Institute of Technology (MIT) and the Chicago monetarists. The undisputed leader of the MIT Keynesians was Paul A. Samuelson, one of the most influential economists of the 20th century and arguably of all time. Samuelson’s output covered a vast number of subjects within economics, the quality of theseoften pioneering contributions unmatched in the modern era. The volume focuses both on how Samuelson’s work has been developed by others and on how that work fits into subsequent developments in the various fields of speciality within which Samuelson operated.
Download or read book Bedeviled written by Jimena Canales and published by Princeton University Press. This book was released on 2022-08-09 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: How scientists through the ages have conducted thought experiments using imaginary entities—demons—to test the laws of nature and push the frontiers of what is possible Science may be known for banishing the demons of superstition from the modern world. Yet just as the demon-haunted world was being exorcized by the enlightening power of reason, a new kind of demon mischievously materialized in the scientific imagination itself. Scientists began to employ hypothetical beings to perform certain roles in thought experiments—experiments that can only be done in the imagination—and these impish assistants helped scientists achieve major breakthroughs that pushed forward the frontiers of science and technology. Spanning four centuries of discovery—from René Descartes, whose demon could hijack sensorial reality, to James Clerk Maxwell, whose molecular-sized demon deftly broke the second law of thermodynamics, to Darwin, Einstein, Feynman, and beyond—Jimena Canales tells a shadow history of science and the demons that bedevil it. She reveals how the greatest scientific thinkers used demons to explore problems, test the limits of what is possible, and better understand nature. Their imaginary familiars helped unlock the secrets of entropy, heredity, relativity, quantum mechanics, and other scientific wonders—and continue to inspire breakthroughs in the realms of computer science, artificial intelligence, and economics today. The world may no longer be haunted as it once was, but the demons of the scientific imagination are alive and well, continuing to play a vital role in scientists' efforts to explore the unknown and make the impossible real.
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