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Author: Pedro Garcia Duarte Publisher: Edward Elgar Publishing ISBN: 1781004102 Category : Business & Economics Languages : en Pages : 257
Book Description
Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics.
Author: Romans Pancs Publisher: MIT Press ISBN: 0262552892 Category : Business & Economics Languages : en Pages : 345
Book Description
Economic concepts and techniques presented through a series of "big questions," models that show how to pose a questions rigorously and work toward an answer. This book helps readers master economic concepts and techniques by tackling fundamental economic and political questions through a series of models. It is organized around a sequence of “big questions,” among them: When do markets help translate individuals' uncoordinated, selfish actions into outcomes that are best for all? Do markets change people, and, if so, for worse or better? Translated into the language of modern economics, do Marx's ideas have merit? Why is there so much income inequality? Or is there too little? The arguments are in the theorem-proof format, distinguishing results derived in the context of fully specified models from educated speculation. Readers will learn how to pose a question rigorously and how to work toward an answer, and to appreciate that even (especially!) the broadest and most ambitious questions call for a model. The goal of the book is not to indoctrinate but to show readers how to reason toward their own conclusions. The first chapter, on the Walrasian model of general equilibrium, serves as the prerequisite for the rest of the book. The remaining chapters cover less conventional topics, including the morality of markets; matching theory; Marxism, socialism, and the resilience of markets; a formalization of Kant's categorical imperative; unintended consequences of policy design; and theories of justice. The book can be used as a textbook for advanced undergraduate or graduate students or as a resource for researchers in disciplines that draw on normative economics.
Author: Franklin M. Fisher Publisher: Cambridge University Press ISBN: 0521624231 Category : Business & Economics Languages : en Pages : 581
Book Description
This book, the fourth volume of Franklin M. Fisher's collected articles, contains work in microeconomics stretching over four decades. Principal sections include essays on stability and disequilibrium, welfare economics and consumer theory, and applications of microeconomics. Topics include the decision whether or not to use statistical methods to adjust the census, and the economics of water in the Middle East, as well as the effect of computer reservations systems on airlines and the theory of united fund drives by charities. An autobiographical essay serves as an epilogue.
Author: Neva Goodwin Publisher: M.E. Sharpe ISBN: 0765638800 Category : Business & Economics Languages : en Pages : 445
Book Description
Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Macroeconomics in Context, the book is attuned to economic realities--and it has a bargain price. The "in Context" books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes.
Author: Chris Harman Publisher: ISBN: Category : Business & Economics Languages : en Pages : 196
Book Description
Since the early 1970s the world economy has been,in a state of acute instability. Now the world,seems to be facing the most serious crisis of all,as the much proclaimed 'free market' teeters on,the brink of collapse. In this newly reprinted,classic account of Marxist economics, the author,explains the essential elements of Marxist,analysis and applies these insights to an,explanation to what has happened in the world,economy over the century since Marx's death.
Author: David Currie Publisher: Routledge ISBN: 1317214889 Category : Business & Economics Languages : en Pages : 379
Book Description
First published in 1981, this book brings together a collection of essays on microeconomics and development presented at the conference of the Association of University Teachers of Economics. Topics covered include the intergenerational transfer of economic inequality, a review of the recent development in the theory of equity in the economy’s distribution and production process, labour and unemployment, market structure and international trade, taxation and the public sector, Third World industrialisation and Indian agriculture. This book will be of interest to students of Economics and Development Studies.
Author: Dwivedi D.N. Publisher: Vikas Publishing House ISBN: 9325986701 Category : Business & Economics Languages : en Pages : 651
Book Description
Microeconomics: Theory and Applications provides a comprehensive and authentic text on the theory and applications of microeconomics. The book has been thoroughly revised with new chapters and sections added at appropriate places and meets the study requirements of regular students of microeconomics and of those preparing for competitive examinations. An effort has been made to present microeconomic theories lucidly and comprehensively and to delineate the application of microeconomic theories to business decision-making and to analyse the economic effects of indirect taxes, subsidy and pricing policies of the government.Key Features• Coverage of all topics taught in Indian universities and business schools• Complex theories are explained with self-explanatory diagrams• Plenty of numerical problems• Questions from various universitiy question papers are given at the end of each chapterNew in this Edition• More examples and mathematical treatment of economic theories• Substantial revision and updating of several chapters• Two additional chapters: (i) Application of Competitive Market Theory, (ii) Theory of Sales Maximization and Game Theory
Author: Robert U. Ayres
Author: Robert U. Ayres
Author: Pedro Garcia Duarte
Author: Romans Pancs
Author: E. Roy Weintraub
Author: Franklin M. Fisher
Author: Neva Goodwin
Author: Chris Harman
Author: Ghai & Gupta
Author: David Currie
Author: Dwivedi D.N.