How To Think Like An Economist

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Thinking Like an Economist

Author : Elizabeth Popp Berman
Publisher : Princeton University Press
ISBN 13 : 0691248885
Total Pages : 344 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Thinking Like an Economist by : Elizabeth Popp Berman

Download or read book Thinking Like an Economist written by Elizabeth Popp Berman and published by Princeton University Press. This book was released on 2023-08-08 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of how economic reasoning came to dominate Washington between the 1960s and 1980s—and why it continues to constrain progressive ambitions today For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals. A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy.

Doughnut Economics

Author : Kate Raworth
Publisher : Chelsea Green Publishing
ISBN 13 : 1603587969
Total Pages : 322 pages
Book Rating : 4.6/5 (35 download)

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Book Synopsis Doughnut Economics by : Kate Raworth

Download or read book Doughnut Economics written by Kate Raworth and published by Chelsea Green Publishing. This book was released on 2018-03-08 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

Think Like an Economist

Author : Anne Rooney
Publisher :
ISBN 13 : 9781788886499
Total Pages : 224 pages
Book Rating : 4.8/5 (864 download)

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Book Synopsis Think Like an Economist by : Anne Rooney

Download or read book Think Like an Economist written by Anne Rooney and published by . This book was released on 2019 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the early barter system, through the Industrial Revolution, to the emergence of globalization, economics has defined our lives. Think Like an Economist is a fun introduction to the main ideas of economics, untangling its intricacies and revealing the ways in which individuals, societies and nations allocate resources. Written in an amusing and easy-to-understand style, Anne Rooney investigates how economics can be used to improve living standards and make the world a better place. --Publisher

How to Think Like an Economist

Author : Roger A. Arnold
Publisher : South-Western College
ISBN 13 : 9780324015751
Total Pages : 0 pages
Book Rating : 4.0/5 (157 download)

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Book Synopsis How to Think Like an Economist by : Roger A. Arnold

Download or read book How to Think Like an Economist written by Roger A. Arnold and published by South-Western College. This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How To Think Like an Economist offers instructors a tool to both motivate students and get them to recognize how economics affects their everyday lives. In less than 200 pages, How to Think Like an Economist consists entirely of economics "stories" and real-world applications that the author has used in his class to help hundreds of students make the connection between economics and their lives.

Think Like an Economist

Author : Anne Rooney
Publisher : 'The Rosen Publishing Group, Inc'
ISBN 13 : 1499470959
Total Pages : 162 pages
Book Rating : 4.4/5 (994 download)

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Book Synopsis Think Like an Economist by : Anne Rooney

Download or read book Think Like an Economist written by Anne Rooney and published by 'The Rosen Publishing Group, Inc'. This book was released on 2021-07-15 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: From ancient barter systems through the Industrial Revolution and the emergence of modern globalization, the field of economics is central to the way we organize and live our lives. This informative volume is a comprehensive and accessible introduction to this vital subject for readers. It looks at questions concerning such fundamental concepts as goods and services and supply and demand. The thoughtful text investigates how economics can be used to improve humanity’s living standards and ultimately make the world a better place for all.

The Economist's View of the World

Author : Steven E. Rhoads
Publisher : Cambridge University Press
ISBN 13 : 9780521317641
Total Pages : 352 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis The Economist's View of the World by : Steven E. Rhoads

Download or read book The Economist's View of the World written by Steven E. Rhoads and published by Cambridge University Press. This book was released on 1985-05-23 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains and assesses the ways in which micro, welfare and benefit-cost economists view the world of public policy. In general terms, microeconomic concepts and models can be seen to appear regularly in the work of political scientists, sociologists and psychologists. As a consequence, these and related concepts and models have now had sufficient time to influence strongly and to extend the range of policy options available to government departments. The central focus of this book is the 'cross-over' from economic modelling to policy implementation, which remains obscure and uncertain. The author outlines the importance of a wider knowledge of microeconomics for improving the effects and orientation of public policy. He also provides a critique of some basic economic assumptions, notably the 'consumer sovereignty principle'. Within this context the reader is in a better position to understand the 'marvellous insights and troubling blindnesses' of economists where often what is controversial politically is not so controversial among economists.

The Dismal Science

Author : Stephen A. Marglin
Publisher : Harvard University Press
ISBN 13 : 9780674026544
Total Pages : 384 pages
Book Rating : 4.0/5 (265 download)

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Book Synopsis The Dismal Science by : Stephen A. Marglin

Download or read book The Dismal Science written by Stephen A. Marglin and published by Harvard University Press. This book was released on 2008 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: See "Stephen Marglin on the Future of Capitalism" at FORA.tv. Economists celebrate the market as a device for regulating human interaction without acknowledging that their enthusiasm depends on a set of half-truths: that individuals are autonomous, self-interested, and rational calculators with unlimited wants and that the only community that matters is the nation-state. However, as Stephen Marglin argues, market relationships erode community. In the past, for example, when a farm family experienced a setback--say the barn burned down--neighbors pitched in. Now a farmer whose barn burns down turns, not to his neighbors, but to his insurance company. Insurance may be a more efficient way to organize resources than a community barn raising, but the deep social and human ties that are constitutive of community are weakened by the shift from reciprocity to market relations. Marglin dissects the ways in which the foundational assumptions of economics justify a world in which individuals are isolated from one another and social connections are impoverished as people define themselves in terms of how much they can afford to consume. Over the last four centuries, this economic ideology has become the dominant ideology in much of the world. Marglin presents an account of how this happened and an argument for righting the imbalance in our lives that this ideology has fostered.

The Economists' Hour

Author : Binyamin Appelbaum
Publisher : Little, Brown
ISBN 13 : 0316512273
Total Pages : 473 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The Economists' Hour by : Binyamin Appelbaum

Download or read book The Economists' Hour written by Binyamin Appelbaum and published by Little, Brown. This book was released on 2019-09-03 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this "lively and entertaining" history of ideas (Liaquat Ahamed, The New Yorker), New York Times editorial writer Binyamin Appelbaum tells the story of the people who sparked four decades of economic revolution. Before the 1960s, American politicians had never paid much attention to economists. But as the post-World War II boom began to sputter, economists gained influence and power. In The Economists' Hour, Binyamin Appelbaum traces the rise of the economists, first in the United States and then around the globe, as their ideas reshaped the modern world, curbing government, unleashing corporations and hastening globalization. Some leading figures are relatively well-known, such as Milton Friedman, the elfin libertarian who had a greater influence on American life than any other economist of his generation, and Arthur Laffer, who sketched a curve on a cocktail napkin that helped to make tax cuts a staple of conservative economic policy. Others stayed out of the limelight, but left a lasting impact on modern life: Walter Oi, a blind economist who dictated to his wife and assistants some of the calculations that persuaded President Nixon to end military conscription; Alfred Kahn, who deregulated air travel and rejoiced in the crowded cabins on commercial flights as the proof of his success; and Thomas Schelling, who put a dollar value on human life. Their fundamental belief? That government should stop trying to manage the economy.Their guiding principle? That markets would deliver steady growth, and ensure that all Americans shared in the benefits. But the Economists' Hour failed to deliver on its promise of broad prosperity. And the single-minded embrace of markets has come at the expense of economic equality, the health of liberal democracy, and future generations. Timely, engaging and expertly researched, The Economists' Hour is a reckoning -- and a call for people to rewrite the rules of the market. A Wall Street Journal Business BestsellerWinner of the Porchlight Business Book Award in Narrative & Biography

The Making Of An Economist

Author : Arjo Klamer
Publisher : Routledge
ISBN 13 : 1000303128
Total Pages : 191 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Making Of An Economist by : Arjo Klamer

Download or read book The Making Of An Economist written by Arjo Klamer and published by Routledge. This book was released on 2019-07-11 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the graduate education of a small group of economists—those at elite schools. It is intended for three audiences: aspiring economists, economists, and the lay public. The book reports conversations with MIT, Harvard, Chicago, and Columbia students.

Narrative Economics

Author : Robert J. Shiller
Publisher : Princeton University Press
ISBN 13 : 0691212074
Total Pages : 408 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Narrative Economics by : Robert J. Shiller

Download or read book Narrative Economics written by Robert J. Shiller and published by Princeton University Press. This book was released on 2020-09-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.

Everything I Ever Needed to Know about Economics I Learned from Online Dating

Author : Paul Oyer
Publisher : Harvard Business Press
ISBN 13 : 1422191672
Total Pages : 255 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis Everything I Ever Needed to Know about Economics I Learned from Online Dating by : Paul Oyer

Download or read book Everything I Ever Needed to Know about Economics I Learned from Online Dating written by Paul Oyer and published by Harvard Business Press. This book was released on 2013-12-17 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conquering the dating market—from an economist’s point of view After more than twenty years, economist Paul Oyer found himself back on the dating scene—but what a difference a few years made. Dating was now dominated by sites like Match.com, eHarmony, and OkCupid. But Oyer had a secret weapon: economics. It turns out that dating sites are no different than the markets Oyer had spent a lifetime studying. Monster.com, eBay, and other sites where individuals come together to find a match gave Oyer startling insight into the modern dating scene. The arcane language of economics—search, signaling, adverse selection, cheap talk, statistical discrimination, thick markets, and network externalities—provides a useful guide to finding a mate. Using the ideas that are central to how markets and economics and dating work, Oyer shows how you can apply these ideas to take advantage of the economics in everyday life, all around you, all the time. For all online daters—and for anyone else swimming in the vast sea of the information economy—this book uses Oyer’s own experiences, and those of millions of others, to help you navigate the key economic concepts that drive the modern age.

The Armchair Economist

Author : Steven E. Landsburg
Publisher : Simon and Schuster
ISBN 13 : 1471112233
Total Pages : 364 pages
Book Rating : 4.4/5 (711 download)

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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.

Think Like A Freak

Author : Steven D. Levitt
Publisher : Harper Collins
ISBN 13 : 1443416533
Total Pages : 235 pages
Book Rating : 4.4/5 (434 download)

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Book Synopsis Think Like A Freak by : Steven D. Levitt

Download or read book Think Like A Freak written by Steven D. Levitt and published by Harper Collins. This book was released on 2014-05-12 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Steven Levitt and Stephen Dubner single-handedly showed the world that applying counter-intuitive approaches to everyday problems can bear surprising results. Think Like a Freak will take readers further inside this special thought process, revealing a new way of approaching the decisions we make, the plans we create and the morals we choose. It answers the question on the lips of everyone who’s read the previous books: How can I apply these ideas to my life? How do I make smarter, harder and better decisions? How can I truly think like a freak? With short, highly entertaining insights running the gamut from “The Upside of Quitting” to “How to Succeed with No Talent,” Think Like a Freak is poised to radically alter the way we think about all aspects of life on this planet.

Inside the Economist's Mind

Author : Paul A. Samuelson
Publisher : John Wiley & Sons
ISBN 13 : 140517871X
Total Pages : 456 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Inside the Economist's Mind by : Paul A. Samuelson

Download or read book Inside the Economist's Mind written by Paul A. Samuelson and published by John Wiley & Sons. This book was released on 2009-02-09 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: By focusing on the human side as well as the intellectualdimensions of how economists work and think, this collection ofinterviews with top economists of the 20th century becomes astartling and lively introduction to the modern world ofmacroeconomics. A fun read! For more information, frequent updates, and to comment on theforthcoming book, visit William A. Barnett's weblog athttp://economistmind.blogspot.com/. Acclaim for Inside the Economist's Mind "In candid interviews, these great economists prove to befabulous story tellers of their lives and times. Unendinglygripping for insiders, this book should also help non-specialistsunderstand how economists think." Professor Julio Rotemberg, Harvard University Business School,and Editor, Review of Economics and Statistics. "Economics used to be called the 'dismal science'. It will beimpossible for anybody to hold that view anymore ... This isscience with flesh and blood, and a lot of fascinating stories thatyou will find nowhere else." Dr. Jean-Pascal Bénassy, Paris-Jourdan SciencesÉconomiques, Paris, France "This book provides a rare and intriguing view of the personaland professional lives of leading economists ... It is like ABeautiful Mind, scaled by a factor of 16 [the number ofinterviews in the book]." Professor Lee Ohanian, University of California at LosAngeles " ... if you want an insider view of how economics has beendeveloping in the last decades, this is the (only) book foryou." Professor Giancarlo Gandolfo, University of Rome ‘LaSapienza,’ Rome "Here we see the HUMAN side of path-breaking research, thepersonalities and pitfalls, the DRAMA behind the science." Professor Francis X. Diebold, University of Pennsylvania,Philadelphia

An Economist Walks into a Brothel

Author : Allison Schrager
Publisher : Penguin
ISBN 13 : 0525533966
Total Pages : 242 pages
Book Rating : 4.5/5 (255 download)

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Book Synopsis An Economist Walks into a Brothel by : Allison Schrager

Download or read book An Economist Walks into a Brothel written by Allison Schrager and published by Penguin. This book was released on 2019-04-02 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Financial Times Book of the Month pick for April! Is it worth swimming in shark-infested waters to surf a 50-foot, career-record wave? Is it riskier to make an action movie or a horror movie? Should sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra money? Most people wouldn't expect an economist to have an answer to these questions--or to other questions of daily life, such as who to date or how early to leave for the airport. But those people haven't met Allison Schrager, an economist and award-winning journalist who has spent her career examining how people manage risk in their lives and careers. Whether we realize it or not, we all take risks large and small every day. Even the most cautious among us cannot opt out--the question is always which risks to take, not whether to take them at all. What most of us don't know is how to measure those risks and maximize the chances of getting what we want out of life. In An Economist Walks into a Brothel, Schrager equips readers with five principles for dealing with risk, principles used by some of the world's most interesting risk takers. For instance, she interviews a professional poker player about how to stay rational when the stakes are high, a paparazzo in Manhattan about how to spot different kinds of risk, horse breeders in Kentucky about how to diversify risk and minimize losses, and a war general who led troops in Iraq about how to prepare for what we don't see coming. When you start to look at risky decisions through Schrager's new framework, you can increase the upside to any situation and better mitigate the downside.

Lessons for the Young Economist

Author : Robert P. Murphy
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610164105
Total Pages : 414 pages
Book Rating : 4.6/5 (11 download)

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Book Synopsis Lessons for the Young Economist by : Robert P. Murphy

Download or read book Lessons for the Young Economist written by Robert P. Murphy and published by Ludwig von Mises Institute. This book was released on 2012 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Economist Goes to the Game

Author : Paul Oyer
Publisher : Yale University Press
ISBN 13 : 0300218249
Total Pages : 216 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis An Economist Goes to the Game by : Paul Oyer

Download or read book An Economist Goes to the Game written by Paul Oyer and published by Yale University Press. This book was released on 2022-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: An engaging look at the ways economic thinking can help us understand how sports work both on and off the field "Mr. Oyer writes clearly and ranges across all sorts of sports as well as across the globe, introducing fascinating observations."--Henry D. Fetter, Wall Street Journal Are ticket scalpers good for teams? Should parents push their kids to excel at sports? Why do Koreans dominate women's golf, while Kenyans and Ethiopians dominate marathon racing? Why would Michael Jordan, the greatest player in basketball, pass to Steve Kerr for the game-winning shot? Paul Oyer shows the many ways economics permeates the world of sports. His topics range from the business of sport to how great athletes use economic thinking to outsmart their opponents to why the world's greatest sports powerhouse (at least per capita) is not America or China but the principality of Liechtenstein. Economics explains why some sports cannot stop the use of performance-enhancing drugs while others can, why hundred-million-dollar player contracts are guaranteed in baseball but not in football, how one man was able to set the world of sports betting on its ear--and why it will probably never happen again. This book is an entertaining guide to how a bit of economics can make you a better athlete and a more informed fan.