Economics Without Time

Economics Without Time PDF Author: Graeme Donald Snooks
Publisher: University of Michigan Press
ISBN: 9780472104956
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
Historical, theoretical, and real time in economics.

Economics Without Time

Economics Without Time PDF Author: Graeme Donald Snooks
Publisher: University of Michigan Press
ISBN: 9780472104956
Category : Business & Economics
Languages : en
Pages : 348

Get Book Here

Book Description
Historical, theoretical, and real time in economics.

Capitalism without Capital

Capitalism without Capital PDF Author: Jonathan Haskel
Publisher: Princeton University Press
ISBN: 0691183295
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
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.

The Economics of Continuous-Time Finance

The Economics of Continuous-Time Finance PDF Author: Bernard Dumas
Publisher: MIT Press
ISBN: 0262036541
Category : Business & Economics
Languages : en
Pages : 641

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Book Description
An introduction to economic applications of the theory of continuous-time finance that strikes a balance between mathematical rigor and economic interpretation of financial market regularities. This book introduces the economic applications of the theory of continuous-time finance, with the goal of enabling the construction of realistic models, particularly those involving incomplete markets. Indeed, most recent applications of continuous-time finance aim to capture the imperfections and dysfunctions of financial markets—characteristics that became especially apparent during the market turmoil that started in 2008. The book begins by using discrete time to illustrate the basic mechanisms and introduce such notions as completeness, redundant pricing, and no arbitrage. It develops the continuous-time analog of those mechanisms and introduces the powerful tools of stochastic calculus. Going beyond other textbooks, the book then focuses on the study of markets in which some form of incompleteness, volatility, heterogeneity, friction, or behavioral subtlety arises. After presenting solutions methods for control problems and related partial differential equations, the text examines portfolio optimization and equilibrium in incomplete markets, interest rate and fixed-income modeling, and stochastic volatility. Finally, it presents models where investors form different beliefs or suffer frictions, form habits, or have recursive utilities, studying the effects not only on optimal portfolio choices but also on equilibrium, or the price of primitive securities. The book strikes a balance between mathematical rigor and the need for economic interpretation of financial market regularities, although with an emphasis on the latter.

Good Economics for Hard Times

Good Economics for Hard Times PDF Author: Abhijit V. Banerjee
Publisher: PublicAffairs
ISBN: 1541762878
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.

Prosperity without Growth

Prosperity without Growth PDF Author: Tim Jackson
Publisher: Routledge
ISBN: 1317388216
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

The Economics of Risk and Time

The Economics of Risk and Time PDF Author: Christian Gollier
Publisher: MIT Press
ISBN: 9780262572248
Category : Business & Economics
Languages : en
Pages : 492

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Book Description
Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.

Economics Does Not Lie

Economics Does Not Lie PDF Author: Guy Sorman
Publisher: ReadHowYouWant.com
ISBN: 1458731626
Category : Business & Economics
Languages : en
Pages : 450

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Book Description
In 2005, The Woman at the Washington Zoo was published to major critical acclaim. The late Marjorie Williams possessed ''a special voice, one capable not just of canny political observations but of tenderness and bracing intimacy,'' observed the New York Times Book Review. Now, in a collection of profiles with the richness of short fiction, Williams limns the personalities that dominated politics and the media during the final years of the twentieth century. In these pages, Clark Clifford grieves ''in his laborious baritone'' a bank scandal's blow to his re-pu-taaaaaay-shun. Lee Atwater likens himself to Ulysses and pleads, ''tah me to the mast!'' Patricia Duff sheds ''precipitous tears'' over her divorce from Ronald Perelman, resembling afterwards ''a garden refreshed by spring rain.'' Reputation illuminates our recent past through expertly drawn portraits of powerful - and messily human - figures.

Economics Without the Boring Bits

Economics Without the Boring Bits PDF Author: Tejvan Pettinger
Publisher: Welbeck
ISBN: 1802790624
Category : Business & Economics
Languages : en
Pages : 217

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Book Description
Where does wealth come from? How is it different from money? Does division of labour mean that the best people are hired to do the job? Does government intervention prevent or create crises? What is the most effective way to protect the environment? The great Scottish historian Thomas Carlyle dismissed economics as "the dismal science", yet it is at the heart of everything we do. Economics without the Boring Bits is a clear, comprehensive and richly anecdotal guide to debt, finance, trade, money, taxation, supply, demand and all the other big issues that worry us all yet relatively few truly understand. Oxford-trained economist Tejvan Pettinger takes readers on an enlightening tour of the powerful, counter-intuitive and frequently startling insights of economic research, showing us that middlemen are good, recycling is bad (sometimes) and why some people get rich and others don't. If you want to understand the wealth of nations without wading through The Wealth of Nations, this is the ideal place to start.

Economics Explained

Economics Explained PDF Author: Robert L. Heilbroner
Publisher: Touchstone
ISBN:
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
Two of America's most respected economists clarify the basics of economics for everyone who wants to understand the nature of the economic forces that seem to rule our lives. "Clarity triumphant, whether the topic is inflation or government, markets or Marx".--Newsday.

A Country is Not a Company

A Country is Not a Company PDF Author: Paul R. Krugman
Publisher: Harvard Business Press
ISBN: 1422133400
Category : Business & Economics
Languages : en
Pages : 64

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Book Description
Nobel-Prize-winning economist Paul Krugman argues that business leaders need to understand the differences between economic policy on the national and international scale and business strategy on the organizational scale. Economists deal with the closed system of a national economy, whereas executives live in the open-system world of business. Moreover, economists know that an economy must be run on the basis of general principles, but businesspeople are forever in search of the particular brilliant strategy. Krugman's article serves to elucidate the world of economics for businesspeople who are so close to it and yet are continually frustrated by what they see. Since 1922, Harvard Business Review has been a leading source of breakthrough management ideas-many of which still speak to and influence us today. The Harvard Business Review Classics series now offers readers the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world-and will have a direct impact on you today and for years to come.