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Collected Papers Of Kenneth J Arrow
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Book Synopsis Individual Choice Under Certainty and Uncertainty by : Kenneth Joseph Arrow
Download or read book Individual Choice Under Certainty and Uncertainty written by Kenneth Joseph Arrow and published by Harvard University Press. This book was released on 1984 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third volume of Arrow's Collected Papers concerns the basic concept of rationality as it applies to an economic decision maker. In particular, it addresses the problem of choice faced by consumers in a multicommodity world and presents specific models of choice useful in economic analysis. It also discusses choice models under uncertainty.
Book Synopsis The Social Benefits of Education by : Jere R. Behrman
Download or read book The Social Benefits of Education written by Jere R. Behrman and published by University of Michigan Press. This book was released on 2010-08-04 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, the primary argument in justifying education has been based on its direct economic effects. Yet education also provides "social benefits" for individuals and society at large, including a better way of taking care of ourselves, and consequently creating a better society to live in. Though it is difficult to quantify these social benefits, a more systematic analysis would improve our understanding of the full effects of education and provide a basis for considering related policies. The Office of Research of the United States Department of Education commissioned a series of papers on measuring these effects of education. Those papers, revised and updated, are collected here. Kenneth J. Arrow provides perspective on education and preference formation, and Jere R. Behrman considers general conceptual and measurement issues in assessing the social benefits of education and policies related to education. These issues are taken up by experts in four fields--health, parenting, the environment, and crime. Themes addressed include measurement issues regarding what we mean by education and its benefits; basic analytical issues in assessing the impact of education on these social benefits using behavioral data; and whether the social benefits of education justify public policy interventions. Jere R. Behrman is William R. Kenan Jr. Professor of Economics, University of Pennsylvania. Nevzer G. Stacey is Senior Research Analyst, Office of Educational Research, U.S. Department of Education.
Book Synopsis Altruism, Morality, and Economic Theory by : Edmund S. Phelps
Download or read book Altruism, Morality, and Economic Theory written by Edmund S. Phelps and published by Russell Sage Foundation. This book was released on 1975-05-21 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a collection of papers by economists theorizing on the roles of altruism and morality versus self-interest in the shaping of human behavior and institutions. Specifically, the authors examine why some persons behave in an altruistic way without any apparent reward, thus defying the economist's model of utility maximization. The chapters are accompanied by commentaries from representatives of other disciplines, including law and philosophy.
Author :National Bureau of Economic Research Publisher :Princeton University Press ISBN 13 :1400879760 Total Pages :647 pages Book Rating :4.4/5 (8 download)
Book Synopsis The Rate and Direction of Inventive Activity by : National Bureau of Economic Research
Download or read book The Rate and Direction of Inventive Activity written by National Bureau of Economic Research and published by Princeton University Press. This book was released on 2015-12-08 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Book Synopsis Meritocracy and Economic Inequality by : Kenneth Arrow
Download or read book Meritocracy and Economic Inequality written by Kenneth Arrow and published by Princeton University Press. This book was released on 2018-06-26 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations. Amartya Sen, John Roemer, Robert M. Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe. The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions. Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.
Book Synopsis Complexity and the Economy by : W. Brian Arthur
Download or read book Complexity and the Economy written by W. Brian Arthur and published by Oxford University Press, USA. This book was released on 2015 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.
Book Synopsis Collected Papers of Kenneth J. Arrow: Social choice and justice by : Kenneth Joseph Arrow
Download or read book Collected Papers of Kenneth J. Arrow: Social choice and justice written by Kenneth Joseph Arrow and published by Harvard University Press. This book was released on 1983 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arrow takes up the basic question of whether collective choices can reflect individual preferences. The seminal 1950 paper that opens the volume shows that given reasonable conditions that social choices must satisfy to reflect individual preferences, it is impossible to make a choice among alternatives without violating some of the conditions.
Book Synopsis Collected Papers on Monetary Theory by : Robert E. Lucas Jr.
Download or read book Collected Papers on Monetary Theory written by Robert E. Lucas Jr. and published by Harvard University Press. This book was released on 2013-01-07 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Lucas’s contributions are both methodological and substantive. Methodologically, he developed dynamic, stochastic, general equilibrium models to analyze economic decision-makers operating through time in a complex, probabilistic environment. Substantively, he incorporated the quantity theory of money into these models and derived its implications for money growth, inflation, and interest rates in the long run. He also showed the different effects of anticipated and unanticipated changes in the stock of money on economic fluctuations, and helped to demonstrate that there was not a long-run trade-off between unemployment and inflation (the Phillips curve) that policy-makers could exploit. The twenty-one papers collected in this volume fall primarily into three categories: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. Published between 1972 and 2007, they will inspire students and researchers who want to study the work of a master of economic modeling and to advance economics as a pure and applied science.
Book Synopsis Arrow and the Foundations of the Theory of Economic Policy by : George R. Feiwel
Download or read book Arrow and the Foundations of the Theory of Economic Policy written by George R. Feiwel and published by Palgrave Macmillan. This book was released on 2014-01-14 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Preference, Belief, and Similarity by : Amos Tversky
Download or read book Preference, Belief, and Similarity written by Amos Tversky and published by MIT Press. This book was released on 2003-11-21 with total page 1046 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amos Tversky (1937–1996), a towering figure in cognitive and mathematical psychology, devoted his professional life to the study of similarity, judgment, and decision making. He had a unique ability to master the technicalities of normative ideals and then to intuit and demonstrate experimentally their systematic violation due to the vagaries and consequences of human information processing. He created new areas of study and helped transform disciplines as varied as economics, law, medicine, political science, philosophy, and statistics. This book collects forty of Tversky's articles, selected by him in collaboration with the editor during the last months of Tversky's life. It is divided into three sections: Similarity, Judgment, and Preferences. The Preferences section is subdivided into Probabilistic Models of Choice, Choice under Risk and Uncertainty, and Contingent Preferences. Included are several articles written with his frequent collaborator, Nobel Prize-winning economist Daniel Kahneman.
Book Synopsis Collected Papers of Kenneth J. Arrow by : Kenneth Joseph Arrow
Download or read book Collected Papers of Kenneth J. Arrow written by Kenneth Joseph Arrow and published by . This book was released on 1983 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Choice, Welfare and Measurement by : Amartya Sen
Download or read book Choice, Welfare and Measurement written by Amartya Sen and published by Harvard University Press. This book was released on 1997 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Choice, Welfare and Measurement contains many of Amartya Sen's most important contributions to economic analysis and methods, including papers on individual and social choice, preference and rationality, and aggregation and economic measurement. A substantial introductory essay interrelates his diverse concerns, and also analyzes discussions generated by the original papers, focusing on the underlying issues."--P. [4] of cover.
Book Synopsis Choice, Preferences, and Procedures by : Kotaro Suzumura
Download or read book Choice, Preferences, and Procedures written by Kotaro Suzumura and published by Harvard University Press. This book was released on 2016-06-06 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kotaro Suzumura is one of the world’s foremost thinkers in social choice theory and welfare economics. Bringing together essays that have become classics in the field, Choice, Preferences, and Procedures examines foundational issues of normative economics and collective decision making. Social choice theory seeks to critically assess and rationally design economic mechanisms for improving human life. An important part of Suzumura’s contribution over the past forty years has entailed fusion of abstract microeconomic ideas with an understanding of real-world economies in a coherent analysis. This volume of selected essays reveals the evolution of Suzumura’s thinking over his career. Groundbreaking papers explore the nature of individual and social choice and the idea of assigning value to freedom of choice, different forms of rationality, and concepts of individual rights, equity, and fairness. Suzumura elucidates his innovative approach for recognizing interpersonal comparisons in the vein of Adam Smith’s notion of sympathy and expounds the effect of paying due attention to nonconsequential features, such as the opportunity to choose and the procedure for decision making, along with the standard consequential features. Analyzing the role of economic competition, Suzumura points out how restricting competition may, in some circumstances, improve social welfare. This is not to recommend government regulation rather than market competition but to emphasize the importance of procedural features in a competitive context. He concludes with illuminating essays on the history of economic thought, focusing on the ideas of Vilfredo Pareto, Arthur Pigou, John Hicks, and Paul Samuelson.
Book Synopsis Lectures on Economic Growth by : Robert E. Lucas
Download or read book Lectures on Economic Growth written by Robert E. Lucas and published by Harvard University Press. This book was released on 2002 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Robert Lucas brings together several of his seminal papers on the subject, together with the Kuznets Lectures that he gave at Yale University, to present a coherent view of economic growth."--BOOK JACKET.
Download or read book Poverty Traps written by Samuel Bowles and published by Princeton University Press. This book was released on 2016-05-31 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone. Neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-escape pockets of poverty even in rich countries. Similar individuals in dissimilar socioeconomic environments develop different preferences and beliefs that can transmit poverty or affluence from generation to generation. The book presents evidence of harmful neighborhood effects and discusses policies to overcome them, with attention to the uncertainty that exists in evaluating such policies.
Book Synopsis Rationality and Freedom by : Amartya Sen
Download or read book Rationality and Freedom written by Amartya Sen and published by Harvard University Press. This book was released on 2004-03-30 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rationality and freedom are among the most profound and contentious concepts in philosophy and the social sciences. In this, the first of two volumes, Amartya Sen brings clarity and insight to these difficult issues.
Book Synopsis The Organization of Economic Activity by : Harold Demsetz
Download or read book The Organization of Economic Activity written by Harold Demsetz and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
