Economic Ideas You Should Forget

Economic Ideas You Should Forget PDF Author: Bruno S. Frey
Publisher: Springer
ISBN: 3319474588
Category : Business & Economics
Languages : en
Pages : 168

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Book Description
Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.

Economics: The Key Concepts

Economics: The Key Concepts PDF Author: Donald Rutherford
Publisher: Routledge
ISBN: 1134146191
Category : Business & Economics
Languages : en
Pages : 536

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Book Description
An A-Z of contemporary economics in all its forms, Economics: the Key Concepts is an affordable, accessible reference for students, lecturers and economists at every level. The key topics explored include: competition and monopoly development economics game theory property rights taxation. Fully cross-referenced with extensive guides to further reading, this is the essential comprehensive pocket reference to the ideas, issues and practice of economics in the twenty-first century.

Economic Ideas You Should Forget

Economic Ideas You Should Forget PDF Author: Bruno S. Frey
Publisher: Springer
ISBN: 3319474588
Category : Business & Economics
Languages : en
Pages : 168

Get Book Here

Book Description
Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.

Voluntary National Content Standards in Economics

Voluntary National Content Standards in Economics PDF Author: National Council on Economic Education
Publisher: Council for Economic Educat
ISBN: 9781561834334
Category : Business & Economics
Languages : en
Pages : 122

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Book Description
This essential guide for curriculum developers, administrators, teachers, and education and economics professors, the standards were developed to provide a framework and benchmarks for the teaching of economics to our nation's children.

Managerial Economics

Managerial Economics PDF Author: Donald N. Stengel
Publisher: Business Expert Press
ISBN: 1606492209
Category : Business & Economics
Languages : en
Pages : 163

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Book Description
Economic principles inform good business decision making. Although economics is sometimes dismissed as a discourse of practical relevance to only a relatively small circle of academicians and policy analysts who call themselves economists, sound economic reasoning benefits any manager of a business, whether they are involved with production/operations, marketing, finance, or corporate strategy. Along with enhancing decision making, the field of economics provides a common language and framework for comprehending and communicating phenomena that occur within a business, as well as between a business and its environment. This text addresses the core of a subject commonly called managerial economics, which is the application of microeconomics to business decisions. Key relationships between price, quantity, cost, revenue, and profit for an individual firm are presented in form of simple conceptual models. The text includes key elements from the economics of consumer demand and the economics of production. The book discusses economic motivations for expanding a business and contributions from economics for improved organization of large firms. Market price quantity equilibrium, competitive behavior, and the role of market structure on market equilibrium and competition are addressed. Finally, the text considers market regulation in terms of the generic problems that create the need for regulation and possible remedies for those problems. Although the academic literature of managerial economics often employs abstract mathematics and large corporations create and use sophisticated mathematical models that apply economics, this book focuses on concepts, terminology, and principles, with minimal use of mathematics. The reader will gain a better understanding of why businesses and markets function as they do and how those institutions can function better.

Economic Concepts for the Social Sciences

Economic Concepts for the Social Sciences PDF Author: Todd Sandler
Publisher: Cambridge University Press
ISBN: 9780521796774
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
The primary purpose of this book is to present some of the key economic concepts that have guided economic thinking in the last century and to identify which of these concepts will continue to direct economic thought in the coming decades. This book is written in an accessible manner and is intended for a wide audience with little or no formal training in economics. It should also interest economists who want to reflect on the direction of the discipline and to learn concepts and achievements in other subfields. The author imparts his enthusiasm for the economic way of reasoning and its wide applicability. Through the abundant use of illustrations and examples, the author makes concepts understandable and relevant. Topics covered include game theory, the new institutional economics, market failures, asymmetric information, endogenous growth theory, general equilibrium, rational expectations, and others.

50 Economics Ideas You Really Need to Know

50 Economics Ideas You Really Need to Know PDF Author: Edmund Conway
Publisher: Quercus
ISBN: 1623651824
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
What exactly is a credit crunch? Why do professional athletes earn so much more than the rest of us? Which country is likely to be the world's leading economy in ten years' time? Daily Telegraph economics editor Edmund Conway introduces and explains the central ideas of economics in a series of 50 essays. Beginning with an exploration of the basic theories, such as Adam Smith's "invisible hand," and concluding with the latest research into the links between wealth and happiness, he sheds light on all the essential topics needed to understand booms and busts, bulls and bears, and the way the world really works.

Understanding Policy Change

Understanding Policy Change PDF Author: Cristina Corduneanu-Huci
Publisher: World Bank Publications
ISBN: 0821395394
Category : Political Science
Languages : en
Pages : 379

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Book Description
This book provides the reader with the full panoply of political economy tools and concepts necessary to understand, analyze, and integrate how political and social factors may influence the success or failure of their policy goals.

A Framework for Teaching Basic Economic Concepts

A Framework for Teaching Basic Economic Concepts PDF Author: National Council on Economic Education
Publisher: Council for Economic Educat
ISBN: 9781561834877
Category : Education
Languages : en
Pages : 180

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Book Description
This companion to the National Content Standards provides definitions and explanations of key economic concepts as well as scope and sequence guidelines for teaching economics concepts within the K12 curriculum.

New Ideas from Dead Economists

New Ideas from Dead Economists PDF Author: Todd G. Buchholz
Publisher: Penguin
ISBN: 9780452288447
Category : Business & Economics
Languages : en
Pages : 372

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Book Description
A reexamination of the major economic theories of the past two hundred years discusses how long-dead, famous economists such as Adam Smith and others would handle today's economic problems.

Key Concepts in Economic Geography

Key Concepts in Economic Geography PDF Author: Yuko Aoyama
Publisher: SAGE
ISBN: 144625982X
Category : Science
Languages : en
Pages : 290

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Book Description
"A comprehensive and highly readable review of the conceptual underpinnings of economic geography. Students and professional scholars alike will find it extremely useful both as a reference manual and as an authoritative guide to the numerous theoretical debates that characterize the field." - Allen J. Scott, University of California "Guides readers skilfully through the rapidly changing field of economic geography... The key concepts used to structure this narrative range from key actors and processes within global economic change to a discussion of newer areas of research including work on financialisation and consumption. The result is a highly readable synthesis of contemporary debates within economic geography that is also sensitive to the history of the sub-discipline." - Sarah Hall, University of Nottingham "The nice thing about this text is that it is concise but with depth in its coverage. A must have for any library, and a useful desk reference for any serious student of economic geography or political economy." - Adam Dixon, Bristol University Organized around 20 short essays, Key Concepts in Economic Geography provides a cutting edge introduction to the central concepts that define contemporary research in economic geography. Involving detailed and expansive discussions, the book includes: An introductory chapter providing a succinct overview of the recent developments in the field. Over 20 key concept entries with comprehensive explanations, definitions and evolutions of the subject. Extensive pedagogic features that enhance understanding including figures, diagrams and further reading. An ideal companion text for upper-level undergraduate and postgraduate students in economic geography, the book presents the key concepts in the discipline, demonstrating their historical roots and contemporary applications to fully understand the processes of economic change, regional growth and decline, globalization, and the changing locations of firms and industries. Written by an internationally recognized set of authors, the book is an essential addition to any geography student′s library.