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Author: John E. Roemer Publisher: Yale University Press ISBN: 0300233337 Category : Philosophy Languages : en Pages : 249
Book Description
A new theory of how and why we cooperate, drawing from economics, political theory, and philosophy to challenge the conventional wisdom of game theory Game theory explains competitive behavior by working from the premise that people are self-interested. People don't just compete, however; they also cooperate. John Roemer argues that attempts by orthodox game theorists to account for cooperation leave much to be desired. Unlike competing players, cooperating players take those actions that they would like others to take--which Roemer calls "Kantian optimization." Through rigorous reasoning and modeling, Roemer demonstrates a simpler theory of cooperative behavior than the standard model provides.
Author: John E. Roemer Publisher: Yale University Press ISBN: 0300233337 Category : Philosophy Languages : en Pages : 249
Book Description
A new theory of how and why we cooperate, drawing from economics, political theory, and philosophy to challenge the conventional wisdom of game theory Game theory explains competitive behavior by working from the premise that people are self-interested. People don't just compete, however; they also cooperate. John Roemer argues that attempts by orthodox game theorists to account for cooperation leave much to be desired. Unlike competing players, cooperating players take those actions that they would like others to take--which Roemer calls "Kantian optimization." Through rigorous reasoning and modeling, Roemer demonstrates a simpler theory of cooperative behavior than the standard model provides.
Author: Daron Acemoglu Publisher: Princeton University Press ISBN: 1400835771 Category : Business & Economics Languages : en Pages : 1009
Book Description
From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]
Author: John E. Roemer Publisher: Harvard University Press ISBN: 9780674339460 Category : Business & Economics Languages : en Pages : 196
Book Description
In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues for a modified version of socialism, not necessarily based on public ownership, but founded on equality of opportunity and political influence.
Author: Steve Keen Publisher: Zed Books ISBN: 9781856499927 Category : Business & Economics Languages : en Pages : 356
Book Description
What is the score card for economics at the start of the new millennium? While there are many different schools of economic thought, it is the neo-classical school, with its alleged understanding and simplistic advocacy of the market, that has become equated in the public mind with economics. This book shows that virtually every aspect of conventional neo-classical economics' thinking is intellectually unsound. Steve Keen draws on an impressive array of advanced critical thinking. He constitutes a profound critique of the principle concepts, theories, and methodologies of the mainstream discipline. Keen raises grave doubts about economics' pretensions to established scientific status and its reliability as a guide to understanding the real world of economic life and its policy-making.
Author: A. D. Woodland Publisher: North Holland ISBN: Category : Business & Economics Languages : en Pages : 544
Book Description
The primary aim of this work is to present the modern theory of international trade within a unified framework, placing the traditional two-dimensional model and its simple generalizations in proper perspective. This general and unified analysis is based upon microeconomic principles and the use of modern duality theory. Topics are thereby examined in terms of cost, expenditure, indirect utility and gross national production, rather than production, direct utility and transformation functions. When using such factors, concise models can be formulated, highlighting the assumed economic behavior and allowing easy derivation of results. Although the book emphasizes the theoretical aspects of international trade, it also links this theory to some current empirical research. Each chapter has a selection of problems for solution, which include proofs of assertions within the text, special cases, and extensions of the analysis.
Author: Joseph F. Francois Publisher: DIANE Publishing ISBN: 0788124099 Category : Languages : en Pages : 64
Book Description
This study is based on linking a 78-sector U.S. model with a 74-sector Mexican model and determines the effects of the free trade agreement (FTA) with Mexico and a NAFTA with Canada and Mexico on employment, production, prices, exports, and imports in all sectors. Charts and tables.
Author: Hans Lofgren Publisher: Intl Food Policy Res Inst ISBN: 0896297209 Category : Business & Economics Languages : en Pages : 79
Book Description
The purpose of this manual is to contribute to and facilitate the use of computable general equilibrium (CGE) models in the analysis of issues related to food policy in developing countries. The volume includes a detailed presentation of a static “standard” CGE model and its required database and incorporates features of particular importance in developing countries. The manual discusses the implementation of the model in GAMS and is accompanied by a CD-ROM that includes the GAMS software (free demo system), the GAMS input files for the model, sample databases, simulations, solution reports, and a social accounting matrix (SAM) aggregation program. Although the volume provides a standardized framework for analysis, the analyst is not forced to make “one-size-fits-all” assumptions. The GAMS code is written to give the analyst considerable flexibility in model specification.
Author: James Hartley Publisher: Routledge ISBN: 1134694792 Category : Business & Economics Languages : en Pages : 684
Book Description
Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.
Author: John E. Roemer
Author: John E. Roemer
Author: Daron Acemoglu
Author: John E. Roemer
Author: Kemal Dervis
Author: James R. Markusen
Author: Steve Keen
Author: A. D. Woodland
Author: Joseph F. Francois
Author: Hans Lofgren
Author: James Hartley