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Author: Deirdre N. McCloskey
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 76
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Book Description
Deidre N. McCloskey's work in economics calls into question its reputation as "the dismal science". She writes with passion and an unusually wide scope, drawing on literature and intellectual history in exciting, if unorthodox, ways. In this pamphlet, McCloskey reveals what she sees as the secret sins of economics that no one will discuss - two sins that "cripple" economics as a "scientific enterprise."
Author: Deirdre N. McCloskey
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 76
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Book Description
Deidre N. McCloskey's work in economics calls into question its reputation as "the dismal science". She writes with passion and an unusually wide scope, drawing on literature and intellectual history in exciting, if unorthodox, ways. In this pamphlet, McCloskey reveals what she sees as the secret sins of economics that no one will discuss - two sins that "cripple" economics as a "scientific enterprise."
Author: John Komlos
Publisher: Routledge
ISBN: 1351584707
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
Author: Alessandro Lanteri
Publisher: Cambridge University Press
ISBN: 1107015707
Category : Business & Economics
Languages : en
Pages : 379
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Book Description
Leading scholars investigate the profession of academic economics, with a focus on the intellectual environment and incentives for economic research.
Author: Deirdre N. McCloskey
Publisher: University of Chicago Press
ISBN: 0226556743
Category : Business & Economics
Languages : en
Pages : 588
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Book Description
Arguing that the biggest economic story of our times is how China & India have embraced neoliberalism, Deirdre McCloskey suggests that economic change depends less on foreign trade, investment or material causes, & a whole lot more on ideas & what people believe.
Author: Deirdre N. McCloskey
Publisher: University of Chicago Press
ISBN: 022652793X
Category : Business & Economics
Languages : en
Pages : 830
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Book Description
The last 200 years have witnessed a 100-fold leap in well-being. Deirdre McCloskey argues that most people today are stunningly better off than their forbearers were in 1800, and that the rest of humanity will soon be. A purely materialist, incentivist view of economic change does not explain this leap. We have now the third in McCloskey's three-volume opus about how bourgeois values transformed Europe. Volume 3 nails the case for that transfiguration, telling us how aristocratic virtues of hierarchy were replaced by bourgeois virtues (more precisely, by attitudes toward virtues) that made it possible for ordinary folk with novel ideas to change the way people, farmed, manufactured, traveled, ruled themselves, and fought. It is a dramatic story, and joins a dramatic debate opened up by Thomas Piketty in his best-selling Capital in the 21st Century. McCloskey insists that economists are far too preoccupied by capital and saving, arguing against the position (of Piketty and most others) that capital induces a tendency to get more, that money reproduces itself, that riches are created from riches. Not so, our intrepid McCloskey shows. Bill Gates and Steve Jobs, among the biggest wealth accumulators in our era, didn't get rich through the magic of compound interest on capital. They got rich through intellectual property, creating billions of dollars from virtually nothing. Capital was no more important an ingredient to the original Apple or Microsoft than cookies or cucumbers. The debate is between those who think riches are created from riches versus those who, with McCloskey, think riches are created from rags, between those who see profits as a generous return on capital, or profits coming from innovation that ultimately benefits us all.
Author: Richard A. Lanham
Publisher: University of Chicago Press
ISBN: 0226468828
Category : Business & Economics
Languages : en
Pages : 327
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Book Description
If economics is about the allocation of resources, then what is the most precious resource in our new information economy? Certainly not information, for we are drowning in it. No, what we are short of is the attention to make sense of that information. With all the verve and erudition that have established his earlier books as classics, Richard A. Lanham here traces our epochal move from an economy of things and objects to an economy of attention. According to Lanham, the central commodity in our new age of information is not stuff but style, for style is what competes for our attention amidst the din and deluge of new media. In such a world, intellectual property will become more central to the economy than real property, while the arts and letters will grow to be more crucial than engineering, the physical sciences, and indeed economics as conventionally practiced. For Lanham, the arts and letters are the disciplines that study how human attention is allocated and how cultural capital is created and traded. In an economy of attention, style and substance change places. The new attention economy, therefore, will anoint a new set of moguls in the business world—not the CEOs or fund managers of yesteryear, but new masters of attention with a grounding in the humanities and liberal arts. Lanham’s The Electronic Word was one of the earliest and most influential books on new electronic culture. The Economics of Attention builds on the best insights of that seminal book to map the new frontier that information technologies have created.
Author: Dell P. Champlin
Publisher: Routledge
ISBN: 1317456254
Category : Business & Economics
Languages : en
Pages : 473
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Book Description
While there are many economists in schools, government, unions, and non-profit organizations working in the institutionalst tradition, there has been no book that describes this tradition -- until now. Editors Champlin and Knoedler have brought together prominent labor economists, highly respected institutional economists, and newer scholars working on such compelling issues as immigration, wage discrimination, and living wages. Their essays portray the institutionalist tradition in labor as it exists today as well as its historical and theoretical origins. The result is a major contribution to the literature of labor economics, institutionalist economics, and the history of economic thought.
Author: John Cunningham Wood
Publisher: Taylor & Francis
ISBN: 9780415310635
Category : Biography & Autobiography
Languages : en
Pages : 464
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Book Description
Samuelson is a key figure in economic thinking. This gathers the essential assessments of this important economist, and provides an unparalleled insight into his lasting impact on economics.
Author: Sharmistha Bagchi-Sen
Publisher: Routledge
ISBN: 1134208782
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
The impact of economic geography both within and beyond the wider field of geography has been constrained in the past by its own limitations. Drawing together the work of several eminent geographers this superb collection assesses the current state of knowledge in the sub discipline and its future direction. In doing so, the contributors show how economic geographers have offered explanations that affect places and lives in the broader context of the global economy. Offering a discussion of theoretical constructs and methodologies with the purpose to show the need to combine different approaches in understanding spatial (inter) dependencies, contributors also demonstrate the need to engage with multiple audiences, and within this context they proceed to examine how geographers have interfaced with businesses and policy. This excellent collection moves economic geography from a preoccupation with theory towards more rigorous empirical research with greater relevance for public policy. With excellent breadth of coverage, it provides an outstanding introduction to research topics and approaches.
Author: Tomas Sedlacek
Publisher: Oxford University Press
ISBN: 0199830614
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Tomas Sedlacek has shaken the study of economics as few ever have. Named one of the "Young Guns" and one of the "five hot minds in economics" by the Yale Economic Review, he serves on the National Economic Council in Prague, where his provocative writing has achieved bestseller status. How has he done it? By arguing a simple, almost heretical proposition: economics is ultimately about good and evil. In The Economics of Good and Evil, Sedlacek radically rethinks his field, challenging our assumptions about the world. Economics is touted as a science, a value-free mathematical inquiry, he writes, but it's actually a cultural phenomenon, a product of our civilization. It began within philosophy--Adam Smith himself not only wrote The Wealth of Nations, but also The Theory of Moral Sentiments--and economics, as Sedlacek shows, is woven out of history, myth, religion, and ethics. "Even the most sophisticated mathematical model," Sedlacek writes, "is, de facto, a story, a parable, our effort to (rationally) grasp the world around us." Economics not only describes the world, but establishes normative standards, identifying ideal conditions. Science, he claims, is a system of beliefs to which we are committed. To grasp the beliefs underlying economics, he breaks out of the field's confines with a tour de force exploration of economic thinking, broadly defined, over the millennia. He ranges from the epic of Gilgamesh and the Old Testament to the emergence of Christianity, from Descartes and Adam Smith to the consumerism in Fight Club. Throughout, he asks searching meta-economic questions: What is the meaning and the point of economics? Can we do ethically all that we can do technically? Does it pay to be good? Placing the wisdom of philosophers and poets over strict mathematical models of human behavior, Sedlacek's groundbreaking work promises to change the way we calculate economic value.
