The Second Economy

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30-Second Economics

Author : Donald Marron
Publisher : Icon Books Ltd
ISBN 13 : 1848314493
Total Pages : 281 pages
Book Rating : 4.8/5 (483 download)

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Book Synopsis 30-Second Economics by : Donald Marron

Download or read book 30-Second Economics written by Donald Marron and published by Icon Books Ltd. This book was released on 2011-04-07 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynesian Economics, Free Market Capitalism, Monetarism, Game Theory and the Invisible Hand. Sure, you know what they mean. That is, you've certainly heard of them. But do you know enough about these economic theories to join a dinner party debate or dazzle the bar with your financial knowledge? 30 Second Economics takes the top 50 economic theories, and explains them to the general reader in half a minute, using nothing more than two pages, 300 words and one picture. Economics will suddenly seem a lot more fun than the economy, and make a lot more sense, and along the way you'll meet founding fathers of modern economics such as Adam Smith, David Ricardo and Alfred Marshall. From Marxism to Mercantilism, plus everything in between, this is the ultimate 'crash' course in economic theory.

The Second Law of Economics

Author : Reiner Kümmel
Publisher : Springer Science & Business Media
ISBN 13 : 1441993657
Total Pages : 309 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis The Second Law of Economics by : Reiner Kümmel

Download or read book The Second Law of Economics written by Reiner Kümmel and published by Springer Science & Business Media. This book was released on 2011-06-24 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.

The Nature of Technology

Author : W. Brian Arthur
Publisher : Simon and Schuster
ISBN 13 : 1439165785
Total Pages : 258 pages
Book Rating : 4.4/5 (391 download)

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Book Synopsis The Nature of Technology by : W. Brian Arthur

Download or read book The Nature of Technology written by W. Brian Arthur and published by Simon and Schuster. This book was released on 2009-08-11 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: “More than anything else technology creates our world. It creates our wealth, our economy, our very way of being,” says W. Brian Arthur. Yet despite technology’s irrefutable importance in our daily lives, until now its major questions have gone unanswered. Where do new technologies come from? What constitutes innovation, and how is it achieved? Does technology, like biological life, evolve? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur answers these questions and more, setting forth a boldly original way of thinking about technology. The Nature of Technology is an elegant and powerful theory of technology’s origins and evolution. Achieving for the development of technology what Thomas Kuhn’s The Structure of Scientific Revolutions did for scientific progress, Arthur explains how transformative new technologies arise and how innovation really works. Drawing on a wealth of examples, from historical inventions to the high-tech wonders of today, Arthur takes us on a mind-opening journey that will change the way we think about technology and how it structures our lives. The Nature of Technology is a classic for our times.

The Chinese Economy, second edition

Author : Barry J. Naughton
Publisher : MIT Press
ISBN 13 : 0262344076
Total Pages : 609 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Chinese Economy, second edition by : Barry J. Naughton

Download or read book The Chinese Economy, second edition written by Barry J. Naughton and published by MIT Press. This book was released on 2018-03-23 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of a comprehensive overview of the modern Chinese economy, revised to reflect the end of the “miracle growth” period. This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both a broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. This second edition has been thoroughly revised to reflect a decade of developments in China's economy, notably the end of the period of “miracle growth” and the multiple transitions it now confronts—demographic, technological, macroeconomic, and institutional. Coverage of macroeconomic and financial policy has been significantly expanded. After covering endowments, legacies, economic systems, and general issues of economic structure, labor, and living standards, the book examines specific economic sectors, including agriculture, industry, technology, and foreign trade and investment. It then treats financial, macroeconomic, and environmental issues. The book covers such topics as patterns of growth and development, including population growth and the one-child family policy; the rural and urban economies, including rural industrialization and urban technological development; incoming and outgoing foreign investment; and environmental quality and the sustainability of growth. The book will be an essential resource for students, teachers, scholars, business practitioners, and policymakers. It is suitable for classroom use for undergraduate or graduate courses.

Complexity and the Economy

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
ISBN 13 : 0199334293
Total Pages : 241 pages
Book Rating : 4.1/5 (993 download)

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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.

Capitalism without Capital

Author : Jonathan Haskel
Publisher : Princeton University Press
ISBN 13 : 0691183295
Total Pages : 292 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Capitalism without Capital by : Jonathan Haskel

Download or read book Capitalism without Capital written by Jonathan Haskel and published by Princeton University Press. This book was released on 2018-10-16 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.

Economics for Humans

Author : Julie A. Nelson
Publisher : University of Chicago Press
ISBN 13 : 022646394X
Total Pages : 256 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Economics for Humans by : Julie A. Nelson

Download or read book Economics for Humans written by Julie A. Nelson and published by University of Chicago Press. This book was released on 2018-12-11 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: At its core, an economy is about providing goods and services for human well-being. But many economists and critics preach that an economy is something far different: a cold and heartless system that operates outside of human control. In this impassioned and perceptive work, Julie A. Nelson asks a compelling question: given that our economic world is something that we as humans create, aren’t ethics and human relationships—dimensions of a full and rich life—intrinsically part of the picture? Economics for Humans argues against the well-ingrained notion that economics is immune to moral values and distant from human relationships. Here, Nelson locates the impediment to a more considerate economic world in an assumption that is shared by both neoliberals and the political left. Despite their seemingly insurmountable differences, both make use of the metaphor, first proposed by Adam Smith, that the economy is a machine. This pervasive idea, Nelson argues, has blinded us to the qualities that make us work and care for one another—qualities that also make businesses thrive and markets grow. We can wed our interest in money with our justifiable concerns about ethics and social well-being. And we can do so if we recognize that an economy is not a machine, but a living thing in need of attention and careful tending. This second edition has been updated and refined throughout, with expanded discussions of many topics and a new chapter that investigates the apparent conflict between economic well-being and ecological sustainability. Further developing the main points of the first edition, Economics for Humans will continue to both invigorate and inspire readers to reshape the way they view the economy, its possibilities, and their place within it.

Power and Plenty

Author : Ronald Findlay
Publisher : Princeton University Press
ISBN 13 : 1400831881
Total Pages : 648 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Power and Plenty by : Ronald Findlay

Download or read book Power and Plenty written by Ronald Findlay and published by Princeton University Press. This book was released on 2009-08-10 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade has shaped the modern world, yet until now no single book has been available for both economists and general readers that traces the history of the international economy from its earliest beginnings to the present day. Power and Plenty fills this gap, providing the first full account of world trade and development over the course of the last millennium. Ronald Findlay and Kevin O'Rourke examine the successive waves of globalization and "deglobalization" that have occurred during the past thousand years, looking closely at the technological and political causes behind these long-term trends. They show how the expansion and contraction of the world economy has been directly tied to the two-way interplay of trade and geopolitics, and how war and peace have been critical determinants of international trade over the very long run. The story they tell is sweeping in scope, one that links the emergence of the Western economies with economic and political developments throughout Eurasia centuries ago. Drawing extensively upon empirical evidence and informing their systematic analysis with insights from contemporary economic theory, Findlay and O'Rourke demonstrate the close interrelationships of trade and warfare, the mutual interdependence of the world's different regions, and the crucial role these factors have played in explaining modern economic growth. Power and Plenty is a must-read for anyone seeking to understand the origins of today's international economy, the forces that continue to shape it, and the economic and political challenges confronting policymakers in the twenty-first century.

The Travels of a T-Shirt in the Global Economy

Author : Pietra Rivoli
Publisher : John Wiley & Sons
ISBN 13 : 047172419X
Total Pages : 274 pages
Book Rating : 4.4/5 (717 download)

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Book Synopsis The Travels of a T-Shirt in the Global Economy by : Pietra Rivoli

Download or read book The Travels of a T-Shirt in the Global Economy written by Pietra Rivoli and published by John Wiley & Sons. This book was released on 2005-04-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for THE TRAVELS OF A T-SHIRT IN THE GLOBAL ECONOMY "Engrossing . . . (Rivoli) goes wherever the T-shirt goes, and there are surprises around every corner . . . full of memorable characters and vivid scenes." —Time "An engaging and illuminating saga. . . . Rivoli follows her T-shirt along its route, but that is like saying that Melville follows his whale. . . . Her nuanced and fair-minded approach is all the more powerful for eschewing the pretense of ideological absolutism, and her telescopic look through a single industry has all the makings of an economics classic." —The New York Times "Rarely is a business book so well written that one would gladly stay up all night to finish it. Pietra Rivoli's The Travels of a T-Shirt in the Global Economy is just such a page-turner." —CIO magazine "Succeeds admirably . . . T-shirts may not have changed the world, but their story is a useful account of how free trade and protectionism certainly have." —Financial Times "[A] fascinating exploration of the history, economics, and politics of world trade . . . The Travels of a T-Shirt in the Global Economy is a thought-provoking yarn that exhibits the ugly, the bad, and the good of globalization, and points to the unintended positive consequences of the clash between proponents and opponents of free trade." —Star-Telegram (Fort Worth) "Part travelogue, part history, and part economics, The Travels of a T-Shirt in the Global Economy is ALL storytelling, and in the grand style. A must-read." —Peter J. Dougherty, Senior Economics Editor, Princeton University Press author of Who's Afraid of Adam Smith? "A readable and evenhanded treatment of the complexities of free trade . . . As Rivoli repeatedly makes clear, there is absolutely nothing free about free trade except the slogan." —San Francisco Chronicle

The Rise and Fall of the The Soviet Economy

Author : Philip Hanson
Publisher : Routledge
ISBN 13 : 1317885376
Total Pages : 302 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis The Rise and Fall of the The Soviet Economy by : Philip Hanson

Download or read book The Rise and Fall of the The Soviet Economy written by Philip Hanson and published by Routledge. This book was released on 2014-09-11 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did the Soviet economic system fall apart? Did the economy simply overreach itself through military spending? Was it the centrally-planned character of Soviet socialism that was at fault? Or did a potentially viable mechanism come apart in Gorbachev's clumsy hands? Does its failure mean that true socialism is never economically viable? The economic dimension is at the very heart of the Russian story in the twentieth century. Economic issues were the cornerstone of soviet ideology and the soviet system, and economic issues brought the whole system crashing down in 1989-91. This book is a record of what happened, and it is also an analysis of the failure of Soviet economics as a concept.

Increasing Returns and Path Dependence in the Economy

Author : W. Brian Arthur
Publisher : University of Michigan Press
ISBN 13 : 9780472022403
Total Pages : 228 pages
Book Rating : 4.0/5 (224 download)

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Book Synopsis Increasing Returns and Path Dependence in the Economy by : W. Brian Arthur

Download or read book Increasing Returns and Path Dependence in the Economy written by W. Brian Arthur and published by University of Michigan Press. This book was released on 1994 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pioneering work on an important new approach to economics.

The United States and the World Economy: Foreign Economic Policy for the Next Decade

Author : C. Fred Bergsten
Publisher : Peterson Institute
ISBN 13 : 0881325317
Total Pages : 475 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis The United States and the World Economy: Foreign Economic Policy for the Next Decade by : C. Fred Bergsten

Download or read book The United States and the World Economy: Foreign Economic Policy for the Next Decade written by C. Fred Bergsten and published by Peterson Institute. This book was released on 2005 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Taxation

Author : Bernard Salanié
Publisher : MIT Press
ISBN 13 : 9780262194860
Total Pages : 248 pages
Book Rating : 4.1/5 (948 download)

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Book Synopsis The Economics of Taxation by : Bernard Salanié

Download or read book The Economics of Taxation written by Bernard Salanié and published by MIT Press. This book was released on 2003 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A graduate-level introduction to the economic theories of taxation.

The Economy As An Evolving Complex System II

Author : W. Brian Arthur
Publisher : CRC Press
ISBN 13 : 0429976267
Total Pages : 437 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Economy As An Evolving Complex System II by : W. Brian Arthur

Download or read book The Economy As An Evolving Complex System II written by W. Brian Arthur and published by CRC Press. This book was released on 2018-05-04 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.

Leveraged

Author : Moritz Schularick
Publisher : University of Chicago Press
ISBN 13 : 022681694X
Total Pages : 318 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Leveraged by : Moritz Schularick

Download or read book Leveraged written by Moritz Schularick and published by University of Chicago Press. This book was released on 2022-12-13 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative guide to the new economics of our crisis-filled century. Published in collaboration with the Institute for New Economic Thinking. The 2008 financial crisis was a seismic event that laid bare how financial institutions’ instabilities can have devastating effects on societies and economies. COVID-19 brought similar financial devastation at the beginning of 2020 and once more massive interventions by central banks were needed to heed off the collapse of the financial system. All of which begs the question: why is our financial system so fragile and vulnerable that it needs government support so often? For a generation of economists who have risen to prominence since 2008, these events have defined not only how they view financial instability, but financial markets more broadly. Leveraged brings together these voices to take stock of what we have learned about the costs and causes of financial fragility and to offer a new canonical framework for understanding it. Their message: the origins of financial instability in modern economies run deeper than the technical debates around banking regulation, countercyclical capital buffers, or living wills for financial institutions. Leveraged offers a fundamentally new picture of how financial institutions and societies coexist, for better or worse. The essays here mark a new starting point for research in financial economics. As we muddle through the effects of a second financial crisis in this young century, Leveraged provides a road map and a research agenda for the future.

Economic Facts and Fallacies

Author : Thomas Sowell
Publisher : Basic Books
ISBN 13 : 0465026303
Total Pages : 295 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis Economic Facts and Fallacies by : Thomas Sowell

Download or read book Economic Facts and Fallacies written by Thomas Sowell and published by Basic Books. This book was released on 2011-03-22 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Sowell “both surprises and overturns received wisdom” in this indispensable examination of widespread economic fallacies (The Economist) Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.

The Second Economy in Marxist States

Author : Maria Los
Publisher : Springer
ISBN 13 : 1349204226
Total Pages : 254 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The Second Economy in Marxist States by : Maria Los

Download or read book The Second Economy in Marxist States written by Maria Los and published by Springer. This book was released on 2016-01-13 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses and compares the unofficial economies and their control in ten marxist states: the USSR, Poland, Hungary, Romania, Yugoslavia, Cuba, Nicaragua, China, Angola and Tanzania. It provides a vivid, mosaic-like panorama of the hidden economies in these countries. The book breaks with the view that the unofficial economy is simply a by-product of the official economy. It shows an unfolding interplay between these two economies, which moulds and limits both the dynamics and the direction of the process of change. In her final essay, Maria Los develops a theoretical model linking second economies with the process of marxist economic development. The key stages of this process are identified as: (1) The stage of radical transformation; (2) The monopolisation period; (3) The reformist phase; and (4) Post- reformist decadence. The volume throws a new light on the prospects and problems of the reformist movements which have swept the Soviet Union, China and several other marxist states in the 1980s.