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Author: Dean Baker
Publisher: MIT Press
ISBN: 0262291533
Category : Political Science
Languages : en
Pages : 48
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Book Description
A leading economist's exploration of what our economic arrangements might look like if we applied basic principles without ideological blinders. There is nothing wrong with economics, Dean Baker contends, but economists routinely ignore their own principles when it comes to economic policy. What would policy look like if we took basic principles of mainstream economics seriously and applied them consistently? In the debate over regulation, for example, Baker—one of the few economists who predicted the meltdown of fall 2008—points out that ideological blinders have obscured the fact there is no “free market” to protect. Modern markets are highly regulated, although intrusive regulations such as copyright and patents are rarely viewed as regulatory devices. If we admit the extent to which the economy is and will be regulated, we have many more options in designing policy and deciding who benefits from it. On health care reform, Baker complains that economists ignore another basic idea: marginal cost pricing. Unlike all other industries, medical services are priced extraordinarily high, far above the cost of production, yet that discrepancy is rarely addressed in the debate about health care reform. What if we applied marginal cost pricing—making doctors' wages competitive and charging less for prescription drugs and tests such as MRIs? Taking Economics Seriously offers an alternative Econ 101. It introduces economic principles and thinks through what we might gain if we free ourselves from ideological blinders and get back to basics in the most troubled parts of our economy.
Author: Dean Baker
Publisher: MIT Press
ISBN: 0262291533
Category : Political Science
Languages : en
Pages : 48
Get Book Here
Book Description
A leading economist's exploration of what our economic arrangements might look like if we applied basic principles without ideological blinders. There is nothing wrong with economics, Dean Baker contends, but economists routinely ignore their own principles when it comes to economic policy. What would policy look like if we took basic principles of mainstream economics seriously and applied them consistently? In the debate over regulation, for example, Baker—one of the few economists who predicted the meltdown of fall 2008—points out that ideological blinders have obscured the fact there is no “free market” to protect. Modern markets are highly regulated, although intrusive regulations such as copyright and patents are rarely viewed as regulatory devices. If we admit the extent to which the economy is and will be regulated, we have many more options in designing policy and deciding who benefits from it. On health care reform, Baker complains that economists ignore another basic idea: marginal cost pricing. Unlike all other industries, medical services are priced extraordinarily high, far above the cost of production, yet that discrepancy is rarely addressed in the debate about health care reform. What if we applied marginal cost pricing—making doctors' wages competitive and charging less for prescription drugs and tests such as MRIs? Taking Economics Seriously offers an alternative Econ 101. It introduces economic principles and thinks through what we might gain if we free ourselves from ideological blinders and get back to basics in the most troubled parts of our economy.
Author: Tim Hazeldine
Publisher: HarperCollins Publishers
ISBN: 9781869502836
Category : Free trade
Languages : en
Pages : 237
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Book Description
Author: Hamish Campbell Stewart
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 418
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Book Description
Author: Thomas Sowell
Publisher: Hachette UK
ISBN: 0465056849
Category : Business & Economics
Languages : en
Pages : 704
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Book Description
The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
Author: John Komlos
Publisher: M.E. Sharpe
ISBN: 0765643715
Category : Business & Economics
Languages : en
Pages : 271
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Book Description
This short book explores a core group of 40 topics that tend to go unexplored in an Introductory Economics course. Though not a replacement for an introductory text, the work is intended as a supplement to provoke further thought and discussion by juxtaposing blackboard models of the economy with empirical observations.
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.
Author: David E. W. Laidler
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
Putting the matters back into money matters is David Laidler's intent in this collection of ten essays on the role of monetary institutions in the development of monetary theory and the implications of these ideas for policy. Together, the essays provide a coherent and accessible introduction to the power and range of thinking by one of the world's leading monetary economists. In Taking Money Seriously Laidler seeks to develop and sustain monetarist ideas of the 1960s in relationship to the new classical economics and to argue their continued policy relevance. Money matters, he points out, because monetary exchange rather than the Walrasian market coordinates economic activity in the real world. Laidler's discussion of the costs of inflation points up the importance of money's means-of-exchange role and is followed by an extended critique of new classical economics. He devotes several chapters to policy issues, in which he asserts that the monetary system is a public good whose organization and control present inherently political problems. David Laidler is Professor of Economics at the University of Western Ontario.
![Taking Goals Seriously [microform] : a Reconsideration of Rationality in Economics PDF](https://books.google.com/books/content/images/frontcover/oUMunQEACAAJ?fife=w80-h100)
Author: Hamish Campbell Stewart
Publisher: Ann Arbor, Mich. : University Microfilms International
ISBN:
Category : Economics
Languages : en
Pages : 418
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Book Description
Author: Geoff Davies
Publisher:
ISBN: 9780992360399
Category : Economic development
Languages : en
Pages : 252
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Book Description
Mainstream economists completely failed to anticipate the financial market crash of 2007-8. They then called it an unforeseeable event. This is a clear admission that they don't understand how economies work. Yet many non-mainstream, marginalised economists gave clear warning of the approaching crash. This book shows how mainstream economics has not one but many fundamental flaws. It is not a science, it is pseudo-science. It lacks scholarly rigour and integrity. Once you understand this, it is not a mystery why the mainstreamers missed the approaching crash, nor why wealth is so unequally distributed, why we are so materialistic and unfulfilled, and why the planet is being destroyed. But modern knowledge and systems ideas reveal market economies to be self-organising systems, and they can be managed to support dignified livelihoods in equitable societies that can survive into the indefinite future, with nature thriving along with them. 'This book raises many interesting questions, most importantly, why does anyone take economists seriously when it comes to discussing the economy?' - Dean Baker, Co-Director, Center for Economic and Policy Research, Washington D.C. 'Geoff Davies has a very good idea. Economics has locked itself into an intellectual cul-desac.Even its failure to anticipate the global economic crisis was not enough to force it out. So let's sack the economists and let real scientists take over this vital but currently dangerous discipline.' - Steve Keen, Economist and author of the popular book Debunking Economics. 'With delightful wit and insightful analogies, geophysicist Geoff Davies dissects the inconsistencies - and the inanities - of mainstream economics.' - Sam Pizzigati, Institute for Policy Studies, Washington, D.C., and author of The Rich Don't Always Win.
Author: Tom Bergin
Publisher: Random House
ISBN: 1473574617
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
Countries with smaller governments grow faster. Tobacco taxes are the best way to cut smoking. Government regulation discourages entrepreneurship. Award-winning investigative journalist Tom Bergin digs into eight mantras widely accepted by Western governments and, by talking to the people who promote those ideas and the workers, businesspeople and consumers who have felt their impacts, finds they often don't play out as expected. Smart, funny and incisive, Free Lunch Thinking is essential reading for anyone who really wants to know how economies tick - and why they often don't. _______________________________________________________________ 'I couldn't put it down. A thorough and nuanced examination of the evolution of supply side economics . . . I loved it.' Arthur Laffer, creator of the Laffer Curve 'An entertaining and thought-provoking exploration of economic theories that have been both widely accepted and largely wrong . . . I devoured it in a couple of sittings.' Reuters Breakingviews 'An insightful account of the recent history of economic thought. If you are looking for a book which challenges you without being annoying - make it this one.' Institute of Economics Affairs
