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The Economic Ideas Of Ordinary People
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Book Synopsis The Economic Ideas of Ordinary People by : David M. Levy
Download or read book The Economic Ideas of Ordinary People written by David M. Levy and published by Routledge. This book was released on 2012-07-04 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human actions result from a compound of animal desires, constraints and the words we use to talk about desires and constraints. Modern economics has developed complex theories to explain the operation of both desires and constraints but has neglected the language people use when they talk about them. First published in 1992, The Economic Ideas of Ordinary People discusses how we talk about our economic activitiees and how our talk influences our action.
Book Synopsis Humanizing the Economy by : John Restakis
Download or read book Humanizing the Economy written by John Restakis and published by New Society Publishers. This book was released on 2010-11-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the largest social movement in history is making the world a better place.
Book Synopsis The Armchair Economist by : Steven E. Landsburg
Download or read book The Armchair Economist written by Steven E. Landsburg and published by Simon and Schuster. This book was released on 2012-05-10 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. In The Armchair Economist, Steven E. Landsburg shows how the laws of economics reveal themselves in everyday experience and illuminate the entire range of human behavior. Why does popcorn cost so much at the cinema? The 'obvious' answer is that the owner has a monopoly, but if that were the whole story, there would also be a monopoly price to use the toilet. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the 'obvious' exercise of monopoly power. Economists see just the opposite: If growers had monopoly power, they'd have raised prices before the frost. Why don't concert promoters raise ticket prices even when they are sure they will sell out months in advance? Why are some goods sold at auction and others at pre-announced prices? Why do boxes at the football sell out before the standard seats do? Why are bank buildings fancier than supermarkets? Why do corporations confer huge pensions on failed executives? Why don't firms require workers to buy their jobs? Landsburg explains why the obvious answers are wrong, reveals better answers, and illuminates the fundamental laws of human behavior along the way. This is a book of surprises: a guided tour of the familiar, filtered through a decidedly unfamiliar lens. This is economics for the sheer intellectual joy of it.
Book Synopsis The Ordinary Business of Life by : Roger E. Backhouse
Download or read book The Ordinary Business of Life written by Roger E. Backhouse and published by Princeton University Press. This book was released on 2024-01-23 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classic history of economic thought through the ages—now fully updated and expanded Hesiod defined the basic economic problem as one of scarce resources, a view still held by economists today. Diocletian tried to save the Roman Empire with wage and price fixes—a strategy that has not gone entirely out of style. Roger Backhouse takes readers from the ancient world to the frontiers of game theory, mechanism design, and engagements with climate science, presenting an essential history of a discipline that economist Alfred Marshall called “the study of mankind in the ordinary business of life.” Backhouse introduces the many fascinating figures who have thought about money and markets down through the centuries—from philosophers and theologians to politicians and poets—and shows how today’s economic ideas have their origins in antiquity. This updated edition of The Ordinary Business of Life includes a new chapter on contemporary economics and the rest of the book has been thoroughly revised.
Book Synopsis How Do You Know? by : Russell Hardin
Download or read book How Do You Know? written by Russell Hardin and published by Princeton University Press. This book was released on 2009-04-26 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do ordinary people come to know or believe what they do? You might think I am acting irrationally--against my interest or my purpose--until you realize that what you know and what I know differ significantly. My actions, given my knowledge, might make eminently good sense. Of course, this pushes our problem back one stage to assess why someone knows or believes what they do. That is the focus of this book. Russell Hardin supposes that people are not usually going to act knowingly against their interests or other purposes. To try to understand how they have come to their knowledge or beliefs is therefore to be charitable in assessing their rationality. Hardin insists on such a charitable stance in the effort to understand others and their sometimes objectively perverse actions. -- Publisher details.
Book Synopsis Is Behavioral Economics Doomed? by : David K. Levine
Download or read book Is Behavioral Economics Doomed? written by David K. Levine and published by Open Book Publishers. This book was released on 2012 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, David K. Levine questions the idea that behavioral economics is the answer to economic problems. He explores the successes and failures of contemporary economics both inside and outside the laboratory, and asks whether popular behavioral theories of psychological biases are solutions to the failures. The book not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them.
Book Synopsis What Should Economists Do? by : James M. Buchanan
Download or read book What Should Economists Do? written by James M. Buchanan and published by Indianapolis : Liberty Press. This book was released on 1979 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a collection of sixteen essays on three general topics: the methodology of economics, the applicability of economic reasoning to political science and other social sciences, and the relevance of economics as moral philosophy. Several essays are published here for the first time, including "Professor Alchian on Economic Method," "Natural and Artifactual Man," and "Public Choice and Ideology." This book provides relatively easy access to a wide range of work by a moral and legal philosopher, a welfare economist who has consistently defended the primacy of the contractarian ethic, a public finance theorist, and a founder of the burgeoning subdiscipline of public choice. Buchanan's work has spawned a methodological revolution in the way economists and other scholars think about government and government activity. As a measure of recognition for his significant contribution, Dr. Buchanan was awarded the 1986 Nobel Prize in Economics.
Book Synopsis The Ordinary Business of Life by : Roger Backhouse
Download or read book The Ordinary Business of Life written by Roger Backhouse and published by Princeton University Press. This book was released on 2004-03-21 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating study of business and economics from the ancient world to the present takes readers on a lively tour of money-changing throughout the centuries, focusing particular attention on the opinions of theologians, philosophers, politicians, poets, and lawyers on the subject.
Download or read book Seven Bad Ideas written by Jeff Madrick and published by Vintage. This book was released on 2015-08-18 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the former economics columnist for Harper’s and The New York Times, a bold indictment of some of our most accepted mainstream economic theories—why they’re wrong, and how they’ve been harming America and the world. Ideas have the power to change history. But what happens when they are bad? In a tour de force of economics, history, and analysis, Jeff Madrick shows how theories on austerity, inflation, and efficient markets have become unassailable mantras over recent years, to the detriment of the country as a whole. Working backwards from the Great Recession, Madrick pulls no punches as he reconsiders seven of the greatest false idols of modern economic theory, from Say’s Law to Milton Friedman, illustrating how these ideas have been damaging markets, infrastructure, and individual livelihoods for years. Trenchant, sweeping, and empirical, Seven Bad Ideas resoundingly disrupts the status quo of modern economic theory.
Book Synopsis Bourgeois Equality by : Deirdre N. McCloskey
Download or read book Bourgeois Equality written by Deirdre N. McCloskey and published by University of Chicago Press. This book was released on 2017-10-13 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last 200 years have witnessed a 100-fold leap in well-being. Deirdre McCloskey argues that most people today are stunningly better off than their forbearers were in 1800, and that the rest of humanity will soon be. A purely materialist, incentivist view of economic change does not explain this leap. We have now the third in McCloskey's three-volume opus about how bourgeois values transformed Europe. Volume 3 nails the case for that transfiguration, telling us how aristocratic virtues of hierarchy were replaced by bourgeois virtues (more precisely, by attitudes toward virtues) that made it possible for ordinary folk with novel ideas to change the way people, farmed, manufactured, traveled, ruled themselves, and fought. It is a dramatic story, and joins a dramatic debate opened up by Thomas Piketty in his best-selling Capital in the 21st Century. McCloskey insists that economists are far too preoccupied by capital and saving, arguing against the position (of Piketty and most others) that capital induces a tendency to get more, that money reproduces itself, that riches are created from riches. Not so, our intrepid McCloskey shows. Bill Gates and Steve Jobs, among the biggest wealth accumulators in our era, didn't get rich through the magic of compound interest on capital. They got rich through intellectual property, creating billions of dollars from virtually nothing. Capital was no more important an ingredient to the original Apple or Microsoft than cookies or cucumbers. The debate is between those who think riches are created from riches versus those who, with McCloskey, think riches are created from rags, between those who see profits as a generous return on capital, or profits coming from innovation that ultimately benefits us all.
Book Synopsis The Age of Reasons by : Wendy Motooka
Download or read book The Age of Reasons written by Wendy Motooka and published by Routledge. This book was released on 2013-05-13 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wendy Motooka contends that 'the Age of Reason' was actually an Age of Reasons. Joining imaginative literature, moral philosophy, and the emerging discourse of the new science, she seeks to historicise the meaning of eighteenth-century 'reason' and its supposed opposites, quixotism and sentimentalism. Reading novels by the Fieldings, Lennox and Sterne alongside the works of Adam Smith, Motooka argues that the legacy of sentimentalism is the social sciences. This book raises our understanding of eighteenth-century British culture and its relation to the 'rational' culture of economics that is growing ever more prevasive today.
Book Synopsis Human Nature, Mind and the Self in Adam Smith’s Moral Philosophy by : Riccardo Bonfiglioli
Download or read book Human Nature, Mind and the Self in Adam Smith’s Moral Philosophy written by Riccardo Bonfiglioli and published by Springer Nature. This book was released on with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Diffusion of Western Economic Ideas in East Asia by : Malcolm Warner
Download or read book The Diffusion of Western Economic Ideas in East Asia written by Malcolm Warner and published by Taylor & Francis. This book was released on 2016-12-19 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the diffusion of economic ideas in East Asia, assessing the impact of external ideas on internal theory and practice. It considers economists from Adam Smith onwards, including Marx, Keynes, Hayek and contemporary economists, and covers the subject both historically and also includes present day and likely future developments. The book covers all the major countries of East Asia, and pays particular attention to specific economists who have had a strong impact in specific countries, and to important developments in economic theory in East Asia, exploring how far these have been driven by Western economic ideas. This book will be welcomed by students and scholars of East Asia and South-east Asia, as well as those interested in economics, economic history and management.
Book Synopsis Race, Liberalism, and Economics by : David Colander
Download or read book Race, Liberalism, and Economics written by David Colander and published by University of Michigan Press. This book was released on 2006-11-27 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores how economic reasoning relates to the broader concepts of liberalism and racism
Download or read book Adam Smith written by Eric Schliesser and published by Oxford University Press. This book was released on 2017 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eric Schliesser's Adam Smith is the product of two decades' reflection by the author on the great Scottish Enlightenment. Unique among treatments of Adam Smith, Schliesser's book treats him as a systematic philosopher. Smith was a giant of the Scottish Enlightenment with polymath interests; Schliesser thus explores Smith's economics and ethics in light of his other commitments on the nature of knowledge, the theory of emotions, the theory of mind, his account of language, the nature of causation, and his views on methodology. He places Smith's ideas in the context of a host of other philosophers, especially Hume, Rousseau, and Newton; and he draws on the reception of Smith's ideas by Sophie de Grouchy, Mary Wollstonecraft, and other philosophers and economists to sketch the elements of, and the detailed connections within, Smith's system. Adam Smith traces the outlines of Smith's intellectual system and situates it in the context of his highly developed views on the norms that govern responsible speech. In particular, the book articulates Smith's concerns about the impact of his public policy recommendations, especially on the least powerful in society. In so doing, Schliesser offers new interpretations of Smith's views on the invisible hand, the Wealth of Nations, his treatment of virtue, the nature of freedom, the individual's relationship to society, his account of the passions, the moral roles of religion, and his treatment of the role of mathematics in economics. While the book does offer a single argument, it is organized in a modular fashion and includes a helpful index; readers with a more focused interest in Smith's achievements can skip to their section of interest.
Book Synopsis How Crises Shaped Economic Ideas and Policies by : Nicos Christodoulakis
Download or read book How Crises Shaped Economic Ideas and Policies written by Nicos Christodoulakis and published by Springer. This book was released on 2015-04-13 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how successful the various tenets of economic thought have been in prognosticating or remedying economic crises. Examining key episodes in economic history, from famines in antiquity to present-day financial collapse, the author finds that several theories failed to cope with a crisis and lost their academic impact. The author also presents cases in which major theoretical innovations were achieved after the experience of a crisis as well as cases where a completely new theory was needed to explain and face the events. This book will appeal to researchers and scholars interested in understanding how theoretical developments in economics are affected by real-world economic crises.
Book Synopsis Good Economics for Hard Times by : Abhijit V. Banerjee
Download or read book Good Economics for Hard Times written by Abhijit V. Banerjee and published by PublicAffairs. This book was released on 2019-11-12 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
