[PDF] Economic Ideas You Should Forget eBook

Author : Bruno S. Frey
Publisher : Springer
Page : 168 pages
File Size : 16,32 MB
Release : 2017-03-08
Category : Business & Economics
ISBN : 3319474588

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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.

Author : Bruno S. Frey
Publisher : Springer
Page : pages
File Size : 23,26 MB
Release : 2020-03-23
Category : Business & Economics
ISBN : 9783030334499

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This two-volume set presents a selection of commentaries by respected economists and social scientists that reveal the weaknesses and strengths of several core economics concepts. In the volume “Economic Ideas You Should Forget”, the authors question specific hypotheses and reject major economic ideas. In the volume “21st Century Economics: Economic Ideas You Should Read and Remember”, the authors state their personal opinion on what matters most in contemporary economics.

Author : Jonathan Haskel
Publisher : Princeton University Press
Page : 292 pages
File Size : 29,17 MB
Release : 2018-10-16
Category : Business & Economics
ISBN : 0691183295

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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.

Author : Isabel Sawhill
Publisher : Yale University Press
Page : 268 pages
File Size : 48,78 MB
Release : 2018-09-25
Category : Business & Economics
ISBN : 0300241062

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A sobering account of a disenfranchised American working class and important policy solutions to the nation’s economic inequalities One of the country’s leading scholars on economics and social policy, Isabel Sawhill addresses the enormous divisions in American society—economic, cultural, and political—and what might be done to bridge them. Widening inequality and the loss of jobs to trade and technology has left a significant portion of the American workforce disenfranchised and skeptical of governments and corporations alike. And yet both have a role to play in improving the country for all. Sawhill argues for a policy agenda based on mainstream values, such as family, education, and work. While many have lost faith in government programs designed to help them, there are still trusted institutions on both the local and federal level that can deliver better job opportunities and higher wages to those who have been left behind. At the same time, the private sector needs to reexamine how it trains and rewards employees. This book provides a clear-headed and middle-way path to a better-functioning society in which personal responsibility is honored and inclusive capitalism and more broadly shared growth are once more the norm.

Author : Abhijit V. Banerjee
Publisher : PublicAffairs
Page : 398 pages
File Size : 43,98 MB
Release : 2019-11-12
Category : Business & Economics
ISBN : 1541762878

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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.

Author : Henry Hazlitt
Publisher : Crown Currency
Page : 220 pages
File Size : 25,14 MB
Release : 2010-08-11
Category : Business & Economics
ISBN : 0307760626

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With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.

Author : Kate Raworth
Publisher : Chelsea Green Publishing
Page : 322 pages
File Size : 50,99 MB
Release : 2018-03-08
Category : Business & Economics
ISBN : 1603587969

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Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

Author : B. Joseph Pine
Publisher : Harvard Business Press
Page : 276 pages
File Size : 45,83 MB
Release : 1999
Category : Business & Economics
ISBN : 9780875848198

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This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products.

Author : William C. Orthwein
Publisher : Archway Publishing
Page : 387 pages
File Size : 39,28 MB
Release : 2014-11-04
Category : Business & Economics
ISBN : 1480810002

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As soon as you enter the work force, you must earn, spend, save, and invest wisely the money you receiveor suffer the consequences if you dont. Making the right decisions will be easier once you understand how the economy really works. For instance, did you know that all material wealth comes from just three activities: farming, manufacturing, and harvesting whatever was not planted? Get the wisdom you need to save and keep more money andif youre a government worker, politician or a concerned citizen seeking to influence elected leaderstake steps to improve the national economy. Youll also discover how to: protect wealth from money lenders, governments, and others who want to take it. apply an understanding of supply-demand curves, forms of money, and basic economic concepts to improve your economic status. promote the preservation of valuable natural resources. By examining economics at the personal and national levels, youll be better equipped to take control of your own future. Whether its getting a car loan, deciding what mortgage is right for you or understanding the inner workings of the Federal Reserve, youll be empowered by the insights in Forbidden Economics.

Author : John Charles Pool
Publisher : Westview Press
Page : 136 pages
File Size : 45,90 MB
Release : 1985-01-21
Category : Business & Economics
ISBN :

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The Instant Economist will give you the basic information every manager needs to survive the economic challenges of modern business. You'll find more theory in fewer pages than you would have thought possible-interest rates and inflation, opportunity costs and the cost of living, prices and profits, debts and deficits-all the confusing and crucial ideas you never quite learned, summarized in easy-to-understand, impossible-to-forget images and phrases. This amazing little book is an amusing dialogue between a young MBA and an old Professor of Economics. Like most of us, this young manager-to-be has taken courses and slogged through the formulas of basic economics; but he still doesn't have the first idea of what economics really means. As we listen, the Processor explains the real points of macro, micro, and international economics concepts without graphs or jargon or math or anything but common sense.