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Economics Books: A Core Collection: Home
"Ideas shape the course of history."
– John Maynard Keynes
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50 Economics Classics: Your Shortcut to the Most Important Ideas on Capitalism, Finance, and the Global Economy by Tom Butler-Bowdon
Call Number: (Library West, Pre-Order)Publication Date: Bookpoint, 2017. $19.95Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's bestseller Capital in the Twenty-First Century, here are the great reads, seminal ideas and famous texts clarified and illuminated for all.21st Century Economics: A Reference Handbook by Free, Rhona C.
Call Number: Sage eReferenceISBN: 9781412961424.1412961424. 2 vols., Sage.Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Americans are debating the proper role of the government in company bailouts, the effectiveness of tax cuts versus increased government spending to stimulate the economy, and potential effects of deflation. Economists have dealt with such questions for generations, but they have taken on new meaning and significance. Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is intended to meet the needs of several types of readers.The Academic Scribblers by By William Breit and Roger L. Ransom
Call Number: HB87 .B72 1998 (Library West)ISBN: 0691059861.Thirdedition,PrincetonUniversityPress,282p.$19.75The Academic Scribblers offers a thoughtful and highly literate summary of modern economic thought. It presents the story of economics through the lives of twelve major modern economists, beginning with Alfred Marshall and concluding with Paul Samuelson and Milton Friedman. In a very real sense, this book picks up where Robert Heilbroner's classic The Wordly Philosophers leaves off. Whereas Heilbroner begins with Smith and ends with Joseph Schumpeter, Breit and Ransom bring the story of modern American and British economic theory up to the 1980s. The Academic Scribblers is an elegant summary of modern economic policy debate and an enticement into a happy engagement with the "dismal science" of economics.Adam Smith: An Enlightened Life by By Nicholas Phillipson
Call Number: HB103.S6 P455 2010 (Library West)ISBN: 9780300169270.Yale,345p.$32.50Adam Smith (1723–90) is celebrated all over the world as the author of The Wealth of Nations and the founder of modern economics. A few of his ideas—that of the “invisible hand” of the market and that “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest” have become iconic. Yet Smith saw himself primarily as a philosopher rather than an economist and would never have predicted that the ideas for which he is now best known were his most important. This book shows the extent to which The Wealth of Nations and Smith’s other great work, The Theory of Moral Sentiments, were part of a larger scheme to establish a grand “Science of Man,” one of the most ambitious projects of the European Enlightenment and which was only half complete on Smith’s death in 1790. Nick Phillipson reconstructs Smith’s intellectual ancestry and shows what Smith took from, and what he gave to, in the rapidly changing intellectual and commercial cultures of Glasgow and Edinburgh as they entered the great years of the Scottish Enlightenment. Above all he explains how far Smith’s ideas developed in dialogue with those of his closest friend, the other titan of the age, David Hume.Adapt: Why Success Always Start with Failure by by Tim Harford
Call Number: BF575.F14 H37 2011 (Library West)ISBN: 9780374100964.Farrar,StrausandGiroux,309p.$27.00Outlines a counterintuitive approach to changing the world by assessing its failures, drawing on myriad disciplines to argue that complex challenges must be met through adaptive trial-and-error practices that do not depend on expert opinions or ready-made solutionsThe Affluent Society by by John Kenneth Galbraith
Call Number: HC106.5 .G32 1998eb e-book (netLibrary)ISBN: 0618094679.40thanniversary,HoughtonMifflin, 276p.'A compelling challenge to conventional thought' - "New York Times". In this newly updated edition of his classic text on the "economics of abundance", Galbraith lays bare the hazards of individual and social complacency about economic inequality. It is as relevant now, with the ever-widening gap between rich and poor, as when it was first published 40 years ago. Galbraith challenges why we worship work and productivity when so many of the goods we produce are superfluous, and why we grudge spending on public works while ignoring extravagance in the private sector. "The Affluent Society" exemplifies Galbraith's wit, clarity and eloquence of prose.American Amnesia: How the War on Government Led Us to Forget What Made America Great by Jacob S. Hacker; Paul Pierson
Call Number: HC106.84 .H33 2016 (Library West, On Order)Publication Date: Simon & Schuster, 2016. $28.00From the groundbreaking author team behind the bestselling Winner-Take-All Politics, a timely and topical work that examines what’s good for American business and what’s good for Americans—and why those interests are misaligned. In Winner-Take-All Politics, Jacob S. Hacker and Paul Pierson explained how political elites have enabled and propelled plutocracy. Now in American Amnesia, they trace the economic and political history of the United States over the last century and show how a viable mixed economy has long been the dominant engine of America’s prosperity. Like every other prospering democracy, the United States developed a mixed economy that channeled the spirit of capitalism into strong growth and healthy social development. In this bargain, government and business were as much partners as rivals. Public investments in education, science, transportation, and technology laid the foundation for broadly based prosperity. Programs of economic security and progressive taxation provided a floor of protection and business focused on the pursuit of profit—and government addressed needs business could not. The mixed economy was the most important social innovation of the twentieth century. It spread a previously unimaginable level of broad prosperity. It enabled steep increases in education, health, longevity, and economic security. And yet, extraordinarily, it is anathema to many current economic and political elites. And as the advocates of anti-government free market fundamentalist have gained power, they are hell-bent on scrapping the instrument of nearly a century of unprecedented economic and social progress. In American Amnesia, Hacker and Pierson explain how—and why they must be stopped.Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism by By George A. Akerloff and Robert Shiller
Call Number: HB74.P8 A494 2009 (Library West)ISBN: 9780691142333.PrincetonUniversityPress,2009.230p.$24.95The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today."Animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller put forward a bold new vision that will transform economics and restore prosperity.Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government--simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life--such as confidence and fear, bad faith, corruption, a concern for fairness, and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them.Animal Spiritsoffers a road map for reversing the financial misfortunes besetting us today.The Aid Trap: Hard Truths about Ending Poverty by by R. Glenn Hubbard and William R. Duggan
Call Number: HC60 .H8195 2009 (Library West)ISBN: 9780231145626.ColumbiaBusinessSchoolPub.,198p.$22.95.Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector -- the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries.A bold fusion of ethics and smart business, The Aid Trapshows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.The Armchair Economist: Economics and Everyday Life by by Steven E. Landsburg
Call Number: HM35 .L35 1993 (Library West)ISBN: 0029177758.FreePress,241p.$14.00Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg...is one economist who fits the bill. In a wide-ranging, easily digested, unbelievably contrarian survey of everything from why popcorn at movie houses costs so much to why recycling may actually reduce the number of trees on the planet, the University of Rochester professor valiantly turns the discussion of vexing economic questions into an activity that ordinary people might enjoy.The Art and Practice of Economics Research" Lessons From Leading Minds by Simon W. Bowmaker
Call Number: HB74.5B69 2012 (Library West and Legal Information Center)ISBN: 9781849808460.EdwardElgar,506p.In this book, Simon Bowmaker offers a remarkable collection of conversations with leading economists about research in economics. He has selected a broad sample of the great economists of our time, including people whose perspectives span most of the major subdivisions of economics research, from micro to macro, from theoretical to empirical, from rationalist to behavioralist. This innovative volume contains 25 interviews with practicing economists, presenting insightful personal accounts into an often-misunderstood field. Contributors to this volume were asked to reflect on their own experience in economics research, including their methods of working, the process of scientific discovery and knowledge creation, and the challenges of successfully disseminating their work. The unique and compelling interview format showcases each contributor's personal connection to his or her work, presenting a view of current economics research that is technical, comprehensive, and refreshingly human. Both students and current scholars in economics will find much to admire in this book's window into the inner workings of some of the brightest and best-known minds in the field.The Art of Strategy: A Game Theorist's Guide to Success in Business & Life by by Avinash K. Dixit and Barry Nalebuff
Call Number: HD30.28 .D587 2008 (Library West)ISBN: 9780393062434.WWNorton&Co., 483p.$27.95Game theory means rigorous strategic thinking. It's the art of anticipating your opponent's next moves, knowing full well that your rival is trying to do the same thing to you. Though parts of game theory involve simple common sense, much is counterintuitive, and it can only be mastered by developing a new way of seeing the world. Using a diverse array of rich case studies--from pop culture, TV, movies, sports, politics, and history--the authors show how nearly every business and personal interaction has a game-theory component to it. Are the winners of reality-TV contests instinctive game theorists? Do big-time investors see things that most people miss? What do great poker players know that you don't? Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery.The Assumptions Economists Make by Jonathan Schlefer
Call Number: HB171.S376 2012 (Library West)ISBN: 9780674052260.HarvardUniversityPress,356p.,$28.95Economists make confident assertions in op-ed columns and on cable news-so why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. While economists cloak their views in the aura of science, what they actually do is make assumptions about the world, use those assumptions to build imaginary economies (known as models), and from those models generate conclusions. Schlefer takes up current controversies such as income inequality and the financial crisis, for which he holds economists in large part accountable. Although theorists won international acclaim for creating models that demonstrated the inherent instability of markets, ostensibly practical economists ignored those accepted theories and instead relied on their blind faith in the invisible hand of unregulated enterprise. Schlefer explains how the politics of economics allowed them to do so. The Assumptions Economists Make renders the behavior of economists much more comprehensible, if not less irrational.Auctions by Timothy P. Hubbard; Harry J. Paarsch
Call Number: HF5476 .H83 2015 (Library West, On Order)Publication Date: MIT, 2015. $15.95Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples. The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information -- that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.Balance: The Economics of Great Powers From Ancient Rome to Modern America by Glenn Hubbard; Tim Kane
Call Number: HB74 .P65 H83 2013 (Library West)ISBN: 9781476700250.Simon&Schuster,351p.,$28.00In this groundbreaking book, two economists explain why economic imbalances cause civil collapse-- and why the United States could be next. From the Ming Dynasty to Ottoman Turkey to imperial Spain, the Great Powers of the world emerged as the greatest economic, political, and military forces of their time--only to collapse into rubble and memory. What is at the root of their demise--and how can the United States stop this pattern from happening again? Glenn Hubbard and Tim Kane present a bold, sweeping account of why powerful nations and civilizations break down under the heavy burden of economic imbalance. Hubbard and Kane compare the twenty-first-century United States to the empires of old and challenge Americans to address the real problems of our country's dysfunctional fiscal imbalance. If there is not a new economics and politics of balance, they show that there will be an inevitable demise ahead.Basic Economics: A Common Sense Guide to the Economy by by Thomas Sowell
Call Number: HB171.S713 2007 (Library West)ISBN: 9780465022526. 4th edition, Basic Books, 689 p. $39.95The fourth edition of Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. A new section on the special role of corporations in the economy has been added to the chapter on government and big business, among other additions throughout the book. Basic Economics, which has now been translated into six languages, has grown so much that a large amount of material in the back of the book in previous editions has now been put online instead, so the book itself and its price will not have to expand. The central idea of Basic Economics, however, remains the same: that the fundamental facts and principles of economics do not require jargon, graphs, or equations, and can be learned in a relaxed and even enjoyable way.Basic Income: A Radical Proposal For a Free Society and a Sane Economy by Phillipe Van Parijs; Yannick Vanderborght
Call Number: HB846.P37 2017 (EBL)Publication Date: 2017-03-20It may sound crazy to pay people an income whether or not they are working or looking for work. But the idea of providing an unconditional basic income to every individual, rich or poor, active or inactive, has been advocated by such major thinkers as Thomas Paine, John Stuart Mill, and John Kenneth Galbraith. For a long time, it was hardly noticed and never taken seriously. Today, with the traditional welfare state creaking under pressure, it has become one of the most widely debated social policy proposals in the world. Philippe Van Parijs and Yannick Vanderborght present the most comprehensive defense of this radical idea so far, advocating it as our most realistic hope for addressing economic insecurity and social exclusion in the twenty-first century. The authors seamlessly combine philosophy, politics, and economics as they compare the idea of a basic income with rival ideas past and present for guarding against poverty and unemployment. They trace its history, tackle the economic and ethical objections against an unconditional income-including its alleged tendency to sap incentives and foster free riding-and lay out how such an apparently implausible idea might be viable financially and achievable politically. Finally, they consider the relevance of the proposal in an increasingly globalized economy. In an age of growing inequality and divided politics, when old answers to enduring social problems no longer inspire confidence, Basic Income presents fresh reasons to hope that we might yet achieve a free society and a sane economy.The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order by Benn Steil
Call Number: HG255 .S837 2013 e-book (MyiLibrary)ISBN: 9780691149097.PrincetonUniversityPress,$29.95The name of the remote New Hampshire town where representatives of 44 nations gathered in July 1944, in the midst of the century's second great war, has become shorthand for enlightened globalization. The story surrounding the historic Bretton Woods accords is full of startling drama, intrigue, and rivalry, which are vividly brought to life in Steil's epic account.Beating the Odds - Jump-Starting Developing Countries by Justin Yifu Lin; Célestin Monga
Call Number: HB846.P37 2017 (EBL DDD)Publication Date: Princeton, 2017. $29.95How poor countries can ignite economic growth without waiting for global action or the creation of ideal local conditions Contrary to conventional wisdom, countries that ignite a process of rapid economic growth almost always do so while lacking what experts say are the essential preconditions for development, such as good infrastructure and institutions. In Beating the Odds, two of the world's leading development economists begin with this paradox to explain what is wrong with mainstream development thinking--and to offer a practical blueprint for moving poor countries out of the low-income trap regardless of their circumstances. Justin Yifu Lin, the former chief economist of the World Bank, and C#65533;lestin Monga, the chief economist of the African Development Bank, propose a development strategy that encourages poor countries to leap directly into the global economy by building industrial parks and export-processing zones linked to global markets. Countries can leverage these zones to attract light manufacturing from more advanced economies, as East Asian countries did in the 1960s and China did in the 1980s. By attracting foreign investment and firms, poor countries can improve their trade logistics, increase the knowledge and skills of local entrepreneurs, gain the confidence of international buyers, and gradually make local firms competitive. This strategy is already being used with great success in Vietnam, Cambodia, Bangladesh, Mauritius, Ethiopia, Rwanda, and other countries. And the strategy need not be limited to traditional manufacturing but can also include agriculture, the service sector, and other activities. Beating the Odds shows how poor countries can ignite growth without waiting for global action or the creation of ideal local conditions.Beautiful Game Theory - How Soccer Can Help Economics Economics by Ignacio Palacios-Huerta
Call Number: HB74 .P8 .P27 2014 (Library West)ISBN: 9780691144023. Princeton University Press, 211 p., $35.00A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses soccer to test economic theories and document novel human behavior. In this brilliant and entertaining book, Ignacio Palacios-Huerta illuminates economics through the world’s most popular sport. He offers unique and often startling insights into game theory and microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance, experimental economics, behavioral economics, and neuroeconomics. Soccer provides rich data sets and environments that shed light on universal economic principles in interesting and useful ways. Essential reading for students, researchers, and sports enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics.A Beautiful Mind:A Biography of John Forbes Nash, Jr., Winner of the Nobel Prize in Economics, 1994 by By Sylvia Nasar
Call Number: QA29.N25 N37 1999 (Library West)ISBN: 0684853701.Simon&Schuster,459p.At the age of 31 John Nash, mathematical genius, suffered a devastating breakdown and was diagnosed with schizophrenia. Yet after decades of leading a ghost-like existence, he was to re-emerge to win a Nobel Prize and world acclaim. The inspiration for a major motion picture directed by Ron Howard, Sylvia Nasar's award-winning biography is a drama about the mystery of the human mind, a triumph over incredible adversity, and the healing power of love.Beauty Pays: Why Attractive People are More Successful by Daniel S. Hamermesh
Call Number: HF5386 .H243 2011 (Library West)ISBN: 9780691140469.PrincetonUniversityPress,216p.,$24.95The first book to seriously measure the advantages of beauty, Beauty Pays demonstrates how society favors the beautiful and how better-looking people experience startling but undeniable benefits in all aspects of life. Noted economist Daniel Hamermesh shows that the attractive are more likely to be employed, work more productively and profitably, receive more substantial pay, obtain loan approvals, negotiate loans with better terms, and have more handsome and highly educated spouses. Hamermesh illustrates how attractive workers make more money, how these amounts differ by gender, and how looks are valued differently based on profession. He considers whether extra pay for good-looking people represents discrimination, and, if so, who is discriminating. Hamermesh even examines whether government programs should aid the ugly. He also discusses whether the economic benefits of beauty will persist into the foreseeable future and what the "looks-challenged" can do to overcome their disadvantage. Beauty Pays proves that beauty's rewards are anything but superficial.Beeronomics; How Beer Explains the World by Johan Swinnen; Devin Briski
Call Number: HD9397.A2S95 2017 (Library West)Publication Date: Oxford, 2017From prompting a transition from hunter-gatherer to an agrarian lifestyle in ancient Mesopotamia to bankrolling Britain's imperialist conquests, strategic taxation and the regulation of beer has played a pivotal role throughout history. Beeronomics: How Beer Explains the World tells thesestories, and many others, whilst also exploring the key innovations that propelled the industrialization and consolidation of the beer market.At the same time when mega-mergers in the brewing industry are creating huge transnationals selling their beer across the globe, the craft beer movement in America and Europe has brought the rich history of ancient brewing techniques to the forefront in recent years. But less talked about is theeconomic influence of this beverage on the world and the myriad ways it has shaped the course of history. Beeronomics covers world history through the lens of beer, exploring the common role that beer taxation has played throughout and providing context for recognizable brands and consumer trendsand tastes.Beeronomics examines key developments that have moved the brewing industry forward. Its most ubiquitous ingredient, hops, was used by the Hanseatic League to establish the export dominance of Hamburg and Bremen in the sixteenth century. During the late nineteenth century, bottom-fermentation led tothe spread of industrial lager beer. Industrial innovations in bottling, refrigeration, and TV advertising paved the way for the consolidation and market dominance of major macrobreweries like Anheuser Busch in America and Artois Brewery in Belgium during the twentieth century. We're now in the eraof global integration - one multinational AB InBev, claims 46% of all beer profits - but there's a counterrevolution afoot of small, independent craft breweries in both America, Belgium and around the world. Beeronomics surveys these trends, giving context to why you see which brands and styles onshelves at your local supermarket or on tap at the nearby pub.Behavioural Economics: A Very Short Introduction by Michelle Baddeley
Call Number: HB74.P8B32 2017 (Library West, Pre-Order)Publication Date: Oxford, 2017. $11.95Traditionally economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given efficiently and generally making selfish decisions that work well for us as individuals. Economists also assume that we're doing thevery best we can possibly do - not only for today, but over our whole lifetimes too. But increasingly the study of behavioural economics is revealing that our lives are not that simple. Instead, our decisions are complicated by our own psychology. Each of us makes mistakes every day. We don't alwaysknow what's best for us and, even if we do, we might not have the self-control to deliver on our best intentions. We struggle to stay on diets, to get enough exercise and to manage our money. We misjudge risky situations. We are prone to herding: sometimes peer pressure leads us blindly to copyothers around us; other times copying others helps us to learn quickly about new, unfamiliar situations. This Very Short Introduction explores the reasons why we make irrational decisions; how we decide quickly; why we make mistakes in risky situations; our tendency to procrastination; and how we are affected by social influences, personality, mood and emotions. The implications of understanding therationale for our own financial behaviour are huge. Behavioural economics could help policy-makers to understand the people behind their policies, enabling them to design more effective policies, while at the same time we could find ourselves assaulted by increasingly savvy marketing. MichelleBaddeley concludes by looking forward, to see what the future of behavioural economics holds for us.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, andenthusiasm to make interesting and challenging topics highly readable.Behavioral Economics and its Applications by Edited by Peter Diamond and Hannu Vartiainen
Call Number: HB74.P8 B455 2007 (Library West & Legal information Center)ISBN: 9780691122847.PrincetonUniversityPress,312p.$45.00In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics - finance. Peter Diamond and Hannu Vartiainen's "Behavioral Economics and Its Applications" argues that behavioral economics can have a similar impact in other fields of economics. In this volume, some of the world's leading thinkers in behavioral economics and general economic theory make the case for a much greater use of behavioral ideas in six fields where these ideas have already proved useful but have not yet been fully incorporated - public economics, development, law and economics, health, wage determination, and organizational economics. The result is an attempt to set the agenda of an important development in economics - an agenda that will interest policymakers, sociologists, and psychologists as well as economists.Better Living Through Economics by by John J. Siegfried
Call Number: HB74.5 .B48 2010 (Library West)ISBN: 9780674036185.HarvardUniversityPress,315p.$45.00Better Living Through Economics consists of twelve case studies that demonstrate how economic research has improved economic and social conditions over the past half century by influencing public policy decisions. Economists were obviously instrumental in revising the consumer price index and in devising auctions for allocating spectrum rights to cell phone providers in the 1990s. Economists built the foundation for eliminating the military draft in favor of an all-volunteer army in 1973, for passing the Earned Income Tax Credit in 1975, for deregulating airlines in 1978, for adopting the welfare-to-work reforms during the Clinton administration, and for implementing the Pension Reform Act of 2006 that allowed employers to automatically enroll employees in a 401(k). Other important policy changes resulting from economists’ research include a new approach to monetary policy that resulted in moderated economic fluctuations (at least until 2008!), the reduction of trade impediments that allows countries to better exploit their natural advantages, an improved method of placing new physicians in hospital residencies that is more likely to keep married couples in the same city, and the adoption of tradable emissions rights which has improved our environment at minimum cost.Beyond the Invisible Hand: Groundwork for a New Economics by By Kaushik Basu
Call Number: HB71 .B37 2010 (Library West)ISBN: 9780691137162.Princeton,312p.$29.95One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and its conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nature and role of state intervention might be. Comparing this view of the invisible hand with the vision described by Kafka--in which individuals pursuing their atomistic interests, devoid of moral compunction, end up creating a world that is mean and miserable--Basu argues for collective action and the need to shift our focus from the efficient society to one that is also fair. It maintains that, by ignoring the role of culture and custom, traditional economics promotes the view that the current system is the only viable one, thereby serving the interests of those who do well by this system. Beyond the Invisible Hand challenges readers to fundamentally rethink the assumptions underlying modern economic thought and proves that a more equitable society is both possible and sustainable. By scrutinizing Adam Smith's theory, this impassioned critique of contemporary mainstream economics debunks traditional beliefs regarding best economic practices, self-interest, and the social good.Big Ideas in Macroeconomics: A Nontechnical View by Kartik B. Athreya
Call Number: HB172.5 .A789 2013 (Library West)ISBN: 9780262019736. 415 p., MITPress,$40.00Macroeconomists have been caricatured either as credulous savants in love with thebeauty of their mathematical models or as free-market fundamentalists who admit no doubt as to themarket's wisdom. In this book, Kartik Athreya draws a truer picture, offering a nontechnicaldescription of prominent ideas and models in macroeconomics, arguing for their value as interpretivetools as well as their policy relevance. Athreya deliberately leaves out the technical machinery,providing students new to modern macroeconomics as well as readers with no formal training in economics or mathematics with an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy advice. Athreya describes the main approach to macroeconomic model construction,the foundational Walrasian general equilibrium framework, and its modern version, theArrow-Debreu-McKenzie (ADM) model. In the heart of the book, Athreya shows how the Walrasian approach shapes and unifiesmuch of modern macroeconomics. He details models central to ongoing macroeconomic analyses: theneoclassical and stochastic growth models, the standard incomplete-markets model, theoverlapping-generations model, and the standard search model. Athreya's accessible primer traces thelinks between the views and policy advice of modern macroeconomists and their shared theoreticalapproach.Biography of a Subject: An Evolution of Development Economics by by Gerald M. Meier
Call Number: HD75 .M439 2004 (Library West)ISBN: 0195170024..OxfordUniversityPress,250p.$25.00The study of economic development is one of the newest, most exciting, and most challenging branches of the broader discipline of economics and political economy. Although one could claim that Adam Smith was the first "development economist", the systematic study of the problems and processes of economic development in Africa, Asia, and Latin America has emerged only over the past five decades. This biography of the subject of economic development will focus on the essential ideas in the evolution of development thought and policy over the subject's half-century of life. In concise form and avoiding undue technicality, it highlights the influence of development theory on policymaking and on the mixed record of successes and failures in promoting development efforts. Gerald Meier-one of the world's most prominent leading thinkers in the economics of development - interprets the past treatment of development problems with the present and future in mind. He re-interprets the past two generations of development economists in a contemporary voice. And in a forward-looking fashion, the book's perspectives should make the next generation of development problems-and development economists-more intelligible. The reader is invited to consider whether development economists really know how to put matters right.Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis by Edited by Mehmet Odekon
Call Number: HB3722 .B67 2010 (UBORROW)ISBN: 9780765682246.Sharpe.This timely and authoritative set explores four centuries of good times and hard times in major economies throughout the world. Nearly 400 signed articles cover events from Tulipmania during the 1630s to the U.S. economic stimulus package of 2009, and introduce readers to underlying concepts, economic theories, recurring themes, major institutions, events, and notable figures. Written in a clear, accessible style, Booms and Busts supports history and economics curricula, and provides vital insights and perspective for students, teachers, and the general public--anyone interested in understanding the historical precedents, causes, and longer-term effects of the current global economic crisis. A chronology of major booms and busts throughout history, a glossary of economic terms, sources for further research, a topic finder, and a comprehensive index help make this encyclopedia the definitive reference on one of the most critical issues of our time.Bourgeois Dignity: Why Economics Can't Explain the Modern World by By Deirdre N. McCloskey
Call Number: HC51 .M395 2010 (Library West)ISBN: 9780226556659.UniversityofChicago,$35.00The big economic story of our times is how China and India began to embrace neoliberal ideas of economics and attributed a sense of dignity and liberty to the bourgeoisie they had denied for so long. The result was an explosion in economic growth and proof that economic change depends less on foreign trade, investment, or material causes, and a whole lot more on ideas and what people believe. So says Deirdre N. McCloskey in Bourgeois Dignity, a fiercely contrarian history that wages a similar argument about economics in the West. She turns her attention to seventeenth- and eighteenth-century Europe to reconsider the birth of the industrial revolution and the rise of capitalism. According to McCloskey, our modern world was not the product of new markets and innovations, but rather the result of shifting opinions about them. During this time, talk of private property, commerce, and even the bourgeoisie itself radically altered, becoming far more approving and flying in the face of prejudices several millennia old. The wealth of nations, then, didn’t grow so dramatically because of economic factors: it grew because rhetoric about markets and free enterprise finally became enthusiastic and encouraging of their inherent dignity. Bourgeois Dignity is a feast of intellectual riches from one of our most spirited and ambitious historians.Bourgeois Equality: How Ideas, Not Capital or institutions, Enriched the World by Deirdre N. McCloskey
Call Number: HC79.T4 M4 2016 (Library West, On Order)Publication Date: University of Chicago, 2016. $45.00There's little doubt that most humans today are better off than their forebears. Stunningly so, the economist and historian Deirdre McCloskey argues in the concluding volume of her trilogy celebrating the oft-derided virtues of the bourgeoisie. The poorest of humanity, McCloskey shows, will soon be joining the comparative riches of Japan and Sweden and Botswana. Why? Most economists--from Adam Smith and Karl Marx to Thomas Piketty--say the Great Enrichment since 1800 came from accumulated capital. McCloskey disagrees, fiercely. "Our riches," she argues, "were made not by piling brick on brick, bank balance on bank balance, but by piling idea on idea." Capital was necessary, but so was the presence of oxygen. It was ideas, not matter, that drove "trade-tested betterment." Nor were institutions the drivers. The World Bank orthodoxy of "add institutions and stir" doesn't work, and didn't. McCloskey builds a powerful case for the initiating role of ideas--ideas for electric motors and free elections, of course, but more deeply the bizarre and liberal ideas of equal liberty and dignity for ordinary folk. Liberalism arose from theological and political revolutions in northwest Europe, yielding a unique respect for betterment and its practitioners, and upending ancient hierarchies. Commoners were encouraged to have a go, and the bourgeoisie took up the Bourgeois Deal, and we were all enriched. Few economists or historians write like McCloskey--her ability to invest the facts of economic history with the urgency of a novel, or of a leading case at law, is unmatched. She summarizes modern economics and modern economic history with verve and lucidity, yet sees through to the really big scientific conclusion. Not matter, but ideas. Big books don't come any more ambitious, or captivating, than Bourgeois Equality.The Bourgeois Virtues: Ethics for an Age of Commerce by Deirdre N. McCloskey
Call Number: HB501 .M5534 2006 (Library West)Publication Date: Chicago, 2006.For a century and a half, the artists and intellectuals of Europe have scorned the bourgeoisie. And for a millennium and a half, the philosophers and theologians of Europe have scorned the marketplace. The bourgeois life, capitalism, Mencken’s “booboisie” and David Brooks’s “bobos”—all have been, and still are, framed as being responsible for everything from financial to moral poverty, world wars, and spiritual desuetude. Countering these centuries of assumptions and unexamined thinking is Deirdre McCloskey’s The Bourgeois Virtues, a magnum opus that offers a radical view: capitalism is good for us. McCloskey’s sweeping, charming, and even humorous survey of ethical thought and economic realities—from Plato to Barbara Ehrenreich—overturns every assumption we have about being bourgeois. Can you be virtuous and bourgeois? Do markets improve ethics? Has capitalism made us better as well as richer? Yes, yes, and yes, argues McCloskey, who takes on centuries of capitalism’s critics with her erudition and sheer scope of knowledge. Applying a new tradition of “virtue ethics” to our lives in modern economies, she affirms American capitalism without ignoring its faults and celebrates the bourgeois lives we actually live, without supposing that they must be lives without ethical foundations. High Noon, Kant, Bill Murray, the modern novel, van Gogh, and of course economics and the economy all come into play in a book that can only be described as a monumental project and a life’s work. The Bourgeois Virtues is nothing less than a dazzling reinterpretation of Western intellectual history, a dead-serious reply to the critics of capitalism—and a surprising page-turner.Brief History of Economics: Artful Approaches to the Dismal Science by by E. Ray Canterbery
Call Number: HB75 .C2478 2011 (Library West)ISBN: 9814304808.Secondedition,WorldScientific,539p.$43.00Blending past present, this brief history of economics is the perfect book for introducing students to the field.A Brief History of Economics illustrates how the ideas of the great economists not only influenced societies but were themselves shaped by their cultural milieu. Understanding the economists' visions - lucidly and vividly unveiled by Canterbery - allows readers to place economics within a broader community of ideas. Magically, the author links Adam Smith to Isaac Newton's idea of an orderly universe, F Scott Fitzgerald's The Great Gatsby to Thorstein Veblen, John Steinbeck's Grapes of Wrath to the Great Depression, and Tom Wolfe's The Bonfire of the Vanities to Reaganomics. The second edition is right up-to-date with a lively discussion of the economic crises of 2007-2010. Often humorous, Canterbery's easy style will make the student's first foray into economics lively and relevant. Readers will dismiss "dismal" from the science.Business Cycle Economics: Understanding Recessions and Depressions From Boom to Bust by Todd A. Knoop
Call Number: HB3711 .K627 2015 (Library West, Pending Order)Publication Date: Prager, 2015. $58.00Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recessions and depressions in the United States and internationally. * Features four primary forecasting techniques and assesses the effectiveness of these methods in forecasting actual business cycles * Examines the reasons behind the lessening frequency of recessions in postwar America * Makes the subject of economic crises timely and relevant by addressing the recent global financial crisis and the European debt crisis * Reveals how the collapse of the housing market led to a credit crunch and a global economic slowdown

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