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Frontiers in Economics

Frontiers in Economics PDF Author: Klaus F. Zimmermann
Publisher: Springer Science & Business Media
ISBN: 9783540432548
Category : Business & Economics
Languages : en
Pages : 506

Book Description
Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium.

Frontiers in Economics

Frontiers in Economics PDF Author: Klaus F. Zimmermann
Publisher: Springer Science & Business Media
ISBN: 9783540432548
Category : Business & Economics
Languages : en
Pages : 506

Book Description
Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium.

Frontiers in Economics

Frontiers in Economics PDF Author: Klaus F. Zimmermann
Publisher: Springer
ISBN: 9783642534393
Category : Business & Economics
Languages : en
Pages : 477

Book Description
Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium.

Frontiers of Research in Economic Theory

Frontiers of Research in Economic Theory PDF Author: J.L. Kellogg Graduate School of Management
Publisher: Cambridge University Press
ISBN: 9780521635387
Category : Business & Economics
Languages : en
Pages : 308

Book Description
'Leading economists presenting fundamentally important issues in economic theory' is the theme of the Nancy Schwartz lectures series held annually at the J. L. Kellogg Graduate School of Management of Northwestern University. Reporting on lectures delivered in the years 1983 through 1997, this collection of essays discusses economic behavior at the individual and group level and the implications to the performance of economic systems. Using non-technical language, the speakers present theoretical, experimental, and empirical analysis of decision making under uncertainty and under full and bounded rationality, the influence of economic incentives and habits, and the effects of learning and evolution on dynamic choice. Perfect competition, economic development, social insurance and social mobility, and negotiation and economic survival, are major economic subjects analyzed through our understanding of economic behavior.

Frontiers of Business Cycle Research

Frontiers of Business Cycle Research PDF Author: Thomas F. Cooley
Publisher: Princeton University Press
ISBN: 0691218056
Category : Business & Economics
Languages : en
Pages : 442

Book Description
Among the most revolutionary and productive areas of economic research over the last two decades, modern business cycle theory is finally made accessible to students and professionals in this rigorous, unified, introductory volume. This theory starts with the view that growth and fluctuations are not distinct phenomena to be studied separately--and that business cycles result from shocks (such as the availability of new technologies), which regularly affect most economies. The unifying theme of this book is the use of the neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting recent advances in dynamic economic theory and computational methods--with emphasis on the construction of equilibrium paths for simple artificial economies--leading experts orient readers in the quantitative study of aggregate fluctuations and apply its concepts to key issues in macroeconomics and business cycle theory. This volume covers such issues as the aggregate labor market, the role of the household sector, the role of money, the behavior of asset markets, non-Walrasian economies, monopolistically competitive economies, international business cycles, and the design of economic policies. The contributors are David Backus, V. V. Chari, Lawrence Christiano, Thomas F. Cooley, Jean-Pierre Danthine, John Donaldson, Jeremy Greenwood, Gary D. Hansen, Patrick Kehoe, Finn Kydland, Edward C. Prescott, Richard Rogerson, Julio Rotemberg, Geert Rouwenhorst, José-Víctor Ríos-Rull, Michael Woodford, and Randall Wright.

New Frontiers in Economics

New Frontiers in Economics PDF Author: Michael Szenberg
Publisher:
ISBN: 9780511230943
Category : Economic policy
Languages : en
Pages : 318

Book Description
Leading economists analyze the new directions that subdisciplines of economics have taken in the face of modern economic challenges. These essays represent invention and discovery in the areas of information, macroeconomics and public policies, international trade and development, finance, business, contracts, law, gaming, and government, as these areas of study evolve through the different phases of the scientific process. They offer a wealth of factual information on the current state of the economy. Theoretical and empirical innovations conceptualize reality and values in different ways from their predecessors. Together the essays offer the reader a balanced look at the various fields, approaches, and dimensions that comprise future directions in economic theory, research, and practice. The extensive introduction by the editors not only summarizes and reviews the implications of the contributions presented in the volume, but also examines how scientific progress takes place, with special reference to economics and finance.

Frontiers in Ecological Economic Theory and Application

Frontiers in Ecological Economic Theory and Application PDF Author: Jon David Erickson
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 394

Book Description
Research on the cutting edge of economics, ecology, and ethics is presented in this timely study. Building from a theoretical critique of the tradition of cost-benefit analysis, the contributors lay the foundation for a macroeconomics of environmental sustainability and distributive justice. Attention is then turned to three of the most critical areas of social and environmental applied research - biodiversity, climate change, and energy. The contributors redefine progress away from growth and toward development. To this end, the first section of the book tackles the dominant framework used in the US today to evaluate tradeoffs between economic growth and its inherent externalities. Succeeding chapters cover a wide variety of studies related to biodiversity health and energy. Each section is anchored with overviews by top scholars in these areas - including Herman Daly, Carl McDaniel, Stephen Schneider, and Nathan Hagens - and followed by detailed analyses reflecting the transdisciplinary approach of ecological economics. Students and scholars of ecological, environmental, and natural resource economics, sustainability sciences, and environmental studies will find this book of great interest. Non-profit and government agencies in search of methods and cases that merge the study of ecology and economics will also find the analyses of great practical value.

Frontiers of Development Economics

Frontiers of Development Economics PDF Author: Gerald M. Meier
Publisher: World Bank Publications
ISBN: 9780195215922
Category : Business & Economics
Languages : en
Pages : 596

Book Description
With contributions from 35 leading economists, this forward-looking book explores the future of development economics against the background of the past half-century of development thought and practice. Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation.The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory.'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.

Frontiers of Evolutionary Economics

Frontiers of Evolutionary Economics PDF Author: John Foster
Publisher: Edward Elgar Publishing
ISBN: 1843762919
Category : Business & Economics
Languages : en
Pages : 409

Book Description
This compilation by leading protagonists is a must for a greater understanding of the world we are living in and wanting to see change for the better. Gerry Sweeney, Prometheus Modern evolutionary economics is now nearly two decades old and in this excellent book, a distinguished group of evolutionary economists identify the most important developments and discuss the direction of future research. By moving away from traditional concerns with the operation of selection mechanisms towards a preoccupation with the manner in which the novelty and variety provide fuel for such mechanisms, the authors identify a key development in the field. Evolutionary economists have been drawn into the modern complexity science literature which attempts to provide an understanding of how and why complex adaptive systems engage in processes of self-organization. The goal is to provide an integrated analysis of both selection and self-organization that is uniquely economic in orientation. After a brief overview of the many key achievements and continuing challenges, the first part of the book deals with theoretical perspectives, discussing institutional change, social constructions, complexity, selection and self-selection and the usefulness of theory. Part two deals with empirical perspectives and includes discussion of replicator dynamics, the measurement of heterogeneity and complexity, and modelling organizations as complex adaptive systems. This unique book will appeal to evolutionary and industrial economists and policymakers involved with issues of innovation and management scientists.

Frontiers of Globalization Research:

Frontiers of Globalization Research: PDF Author: Ino Rossi
Publisher: Springer Science & Business Media
ISBN: 038733596X
Category : Social Science
Languages : en
Pages : 448

Book Description
To bring this volume together, the editor asked leading scholars in the field of globalization to outline a "research framework" that reflects their own approach to the subject. The resulting book presents a broad spectrum of analytical approaches to globalization. Theoretical reviews are complemented by substantive chapters and methodological analyses. Contributors include scholars in the fields of sociology, anthropology, history and political science. These writings have been organized into four sections: theoretical perspectives and cultural globalization, economic globalization, political globalization, and methodological approaches.

Learning and Expectations in Macroeconomics

Learning and Expectations in Macroeconomics PDF Author: George W. Evans
Publisher: Princeton University Press
ISBN: 1400824265
Category : Business & Economics
Languages : en
Pages : 440

Book Description
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach. Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.