Learning and Expectations in Macroeconomics

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Author :
Publisher : Princeton University Press
ISBN 13 : 1400824265
Total Pages : 440 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Learning and Expectations in Macroeconomics by : George W. Evans

Download or read book Learning and Expectations in Macroeconomics written by George W. Evans and published by Princeton University Press. This book was released on 2012-01-06 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach. Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.

The Frontiers of Knowledge

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Publisher : Penguin UK
ISBN 13 : 0241980879
Total Pages : 285 pages
Book Rating : 4.2/5 (419 download)

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Book Synopsis The Frontiers of Knowledge by : A. C. Grayling

Download or read book The Frontiers of Knowledge written by A. C. Grayling and published by Penguin UK. This book was released on 2021-05-06 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Grayling brings satisfying order to daunting subjects' Steven Pinker _________________________ In very recent times humanity has learnt a vast amount about the universe, the past, and itself. But through our remarkable successes in acquiring knowledge we have learned how much we have yet to learn: the science we have, for example, addresses just 5 per cent of the universe; pre-history is still being revealed, with thousands of historical sites yet to be explored; and the new neurosciences of mind and brain are just beginning. What do we know, and how do we know it? What do we now know that we don't know? And what have we learnt about the obstacles to knowing more? In a time of deepening battles over what knowledge and truth mean, these questions matter more than ever. Bestselling polymath and philosopher A. C. Grayling seeks to answer them in three crucial areas at the frontiers of knowledge: science, history and psychology. A remarkable history of science, life on earth, and the human mind itself, this is a compelling and fascinating tour de force, written with verve, clarity and remarkable breadth of knowledge. _________________________ 'Remarkable, readable and authoritative. How he has mastered so much, so thoroughly, is nothing short of amazing' Lawrence M. Krauss, author of A Universe from Nothing 'This book hums with the excitement of the great human project of discovery' Adam Zeman, author of Aphantasia

Wesley Mitchell and the National Bureau

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Author :
Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Wesley Mitchell and the National Bureau by : Arthur Frank Burns

Download or read book Wesley Mitchell and the National Bureau written by Arthur Frank Burns and published by . This book was released on 1949 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Frontiers of Capital

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Publisher : Duke University Press
ISBN 13 : 9780822337393
Total Pages : 396 pages
Book Rating : 4.3/5 (373 download)

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Book Synopsis Frontiers of Capital by : Melissa S. Fisher

Download or read book Frontiers of Capital written by Melissa S. Fisher and published by Duke University Press. This book was released on 2006-10-31 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethnographies exploring how cultural practices and social relations have been altered by the radical economic and technological innovations of the New Economy.

The Frontiers of Economic Knowledge

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Author :
Publisher :
ISBN 13 : 9780870140563
Total Pages : 0 pages
Book Rating : 4.1/5 (45 download)

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Book Synopsis The Frontiers of Economic Knowledge by : Arthur Frank Burns

Download or read book The Frontiers of Economic Knowledge written by Arthur Frank Burns and published by . This book was released on 1954 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Frontiers of Economic Knowledge

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Author :
Publisher : Princeton : Published for the National Bureau of Economic Research, New York, by Princeton University Press
ISBN 13 :
Total Pages : 396 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis The Frontiers of Economic Knowledge by : Arthur Frank Burns

Download or read book The Frontiers of Economic Knowledge written by Arthur Frank Burns and published by Princeton : Published for the National Bureau of Economic Research, New York, by Princeton University Press. This book was released on 1954 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Frontiers of the Roman Empire

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Author :
Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Frontiers of the Roman Empire by : C. R. Whittaker

Download or read book Frontiers of the Roman Empire written by C. R. Whittaker and published by . This book was released on 1994 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whittaker begins by discussing the Romans' ideological vision of geographic space - demonstrating, for example, how an interest in precise boundaries of organized territories never included a desire to set limits on controls of unorganized space beyond these territories. He then describes the role of frontiers in the expanding empire, including an attempt to answer the question of why the frontiers stopped where they did. He examines the economy and society of the frontiers. Finally, he discusses the pressure hostile outsiders placed on the frontiers, and their eventual collapse.

The Frontiers of Economic Knowledge

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Author :
Publisher :
ISBN 13 :
Total Pages : 367 pages
Book Rating : 4.:/5 (221 download)

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Book Synopsis The Frontiers of Economic Knowledge by : Arthur F. Burns

Download or read book The Frontiers of Economic Knowledge written by Arthur F. Burns and published by . This book was released on 1960 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Scarcity and Frontiers

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Publisher : Cambridge University Press
ISBN 13 : 1139493469
Total Pages : 767 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Scarcity and Frontiers by : Edward B. Barbier

Download or read book Scarcity and Frontiers written by Edward B. Barbier and published by Cambridge University Press. This book was released on 2010-12-23 with total page 767 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 years ago, this exploitation of new 'frontiers' has often proved to be a pivotal human response to natural resource scarcity. This book provides a fascinating account of the contribution that natural resource exploitation has made to economic development in key eras of world history. This not only fills an important gap in the literature on economic history but also shows how we can draw lessons from these past epochs for attaining sustainable economic development in the world today.

The Mystery of Economic Growth

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Publisher : Academic Foundation
ISBN 13 : 9788171884841
Total Pages : 250 pages
Book Rating : 4.8/5 (848 download)

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Book Synopsis The Mystery of Economic Growth by : Elhanan Helpman

Download or read book The Mystery of Economic Growth written by Elhanan Helpman and published by Academic Foundation. This book was released on 2006-03 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizes the tale of economic growth around many themes: the importance of the accumulation of physical and human capital.

A Guide to What's Wrong with Economics

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Publisher : Anthem Press
ISBN 13 : 0857287370
Total Pages : 332 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis A Guide to What's Wrong with Economics by : Edward Fullbrook

Download or read book A Guide to What's Wrong with Economics written by Edward Fullbrook and published by Anthem Press. This book was released on 2004 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: During a time of accelerating momentum for radical change in the study of economics, 'A Guide to What's Wrong with Economics' comprehensively re-examines the shortcomings of neoclassical economics and considers a number of alternative formulations.

Mapping Scientific Frontiers

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Publisher : Springer Science & Business Media
ISBN 13 : 1447151283
Total Pages : 376 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis Mapping Scientific Frontiers by : Chaomei Chen

Download or read book Mapping Scientific Frontiers written by Chaomei Chen and published by Springer Science & Business Media. This book was released on 2013-07-30 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an examination of the history and the state of the art of the quest for visualizing scientific knowledge and the dynamics of its development. Through an interdisciplinary perspective this book presents profound visions, pivotal advances, and insightful contributions made by generations of researchers and professionals, which portrays a holistic view of the underlying principles and mechanisms of the development of science. This updated and extended second edition: highlights the latest advances in mapping scientific frontiers examines the foundations of strategies, principles, and design patterns provides an integrated and holistic account of major developments across disciplinary boundaries “Anyone who tries to follow the exponential growth of the literature on citation analysis and scientometrics knows how difficult it is to keep pace. Chaomei Chen has identified the significant methods and applications in visual graphics and made them clear to the uninitiated. Derek Price would have loved this book which not only pays homage to him but also to the key players in information science and a wide variety of others in the sociology and history of science.” – Eugene Garfield “This is a wide ranging book on information visualization, with a specific focus on science mapping. Science mapping is still in its infancy and many intellectual challenges remain to be investigated and many of which are outlined in the final chapter. In this new edition Chaomei Chen has provided an essential text, useful both as a primer for new entrants and as a comprehensive overview of recent developments for the seasoned practitioner.” – Henry Small Chaomei Chen is a Professor in the College of Information Science and Technology at Drexel University, Philadelphia, USA, and a ChangJiang Scholar at Dalian University of Technology, Dalian, China. He is the Editor-in-Chief of Information Visualization and the author of Turning Points: The Nature of Creativity (Springer, 2012) and Information Visualization: Beyond the Horizon (Springer, 2004, 2006).

Facts, Values and Objectivity in Economics

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Author :
Publisher : Routledge
ISBN 13 : 1136328637
Total Pages : 260 pages
Book Rating : 4.1/5 (363 download)

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Book Synopsis Facts, Values and Objectivity in Economics by : José Castro Caldas

Download or read book Facts, Values and Objectivity in Economics written by José Castro Caldas and published by Routledge. This book was released on 2012-03-22 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is Economics an ‘objective’ or ‘positive’ science, independent of ethical and political positions? The financial crisis that began in 2007 gave rise to renewed doubts regarding the ‘objectivity’ of economics and brought into the public arena a debate that was previously confined to academia. A remarkable feature of the public debate on the value neutrality of economics since then was that it not only involved indictments of ideological biases in economic theory, but also the attribution of the crisis itself to the unethical orientation of economic agents, of economists acting as experts and of ‘economic science’ itself. The contributors to this volume believe that economists of all persuasions are once again compelled to probe the normative foundations of their discipline and give a public account of their doubts and conclusions.

OECD Digital Education Outlook 2021 Pushing the Frontiers with Artificial Intelligence, Blockchain and Robots

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Publisher : OECD Publishing
ISBN 13 : 9264904646
Total Pages : 252 pages
Book Rating : 4.2/5 (649 download)

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Book Synopsis OECD Digital Education Outlook 2021 Pushing the Frontiers with Artificial Intelligence, Blockchain and Robots by : OECD

Download or read book OECD Digital Education Outlook 2021 Pushing the Frontiers with Artificial Intelligence, Blockchain and Robots written by OECD and published by OECD Publishing. This book was released on 2021-06-08 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: How might digital technology and notably smart technologies based on artificial intelligence (AI), learning analytics, robotics, and others transform education? This book explores such question. It focuses on how smart technologies currently change education in the classroom and the management of educational organisations and systems.

Power and Influence of Economists

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Publisher : Routledge
ISBN 13 : 1000222233
Total Pages : 286 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Power and Influence of Economists by : Jens Maesse

Download or read book Power and Influence of Economists written by Jens Maesse and published by Routledge. This book was released on 2021-05-23 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists occupy leading positions in many different sectors including central and private banks, multinational corporations, the state and the media, as well as serving as policy consultants on everything from health to the environment and security. Power and Influence of Economists explores the interconnected relationship between power, knowledge and influence which has led economics to be both a source and beneficiary of widespread power and influence. The contributors to this book explore the complex and diverse methods and channels that economists have used to exert and expand their influence from different disciplinary and national perspectives. Four different analytical views on the role of power and economics are taken: first, the role of economic expert discourses as power devices for the formation of influential expertise; second, the logics and modalities of governmentality that produce power/knowledge apparatuses between science and society; third, economists as involved in networks between academia, politics and the media; and forth, economics considered as a social field, including questions of legitimacy and unequal relations between economists based on the detention of various capitals. The volume includes case studies on a variety of national configurations of economics, such as the US, Germany, Italy, Switzerland, Greece, Mexico and Brazil, as well as international spaces and organisations such as the IMF. This book provides innovative research perspectives for students and scholars of heterodox economics, cultural political economy, sociology of professions, network studies, and the social studies of power, discourse and knowledge. “The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9780367817084, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.”

The Age of Surveillance Capitalism

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Publisher : PublicAffairs
ISBN 13 : 1610395700
Total Pages : 683 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Age of Surveillance Capitalism by : Shoshana Zuboff

Download or read book The Age of Surveillance Capitalism written by Shoshana Zuboff and published by PublicAffairs. This book was released on 2019-01-15 with total page 683 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new "behavioral futures markets," where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new "means of behavioral modification." The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a "Big Other" operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled "hive" of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it.

Understanding the Process of Economic Change

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Publisher : Princeton University Press
ISBN 13 : 0691145954
Total Pages : 200 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Understanding the Process of Economic Change by : Douglass C. North

Download or read book Understanding the Process of Economic Change written by Douglass C. North and published by Princeton University Press. This book was released on 2010-05-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.