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Specialization and Trade

Specialization and Trade Author Arnold Kling
ISBN-10 9781944424169
Release 2016-06-14
Pages 212
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Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.



The Three Languages of Politics

The Three Languages of Politics Author Arnold Kling
ISBN-10 9781944424473
Release 2017-05-01
Pages 212
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When it was first released in 2013, Arnold Kling’s The Three Languages of Politics was a prescient exploration of political communication, detailing the “three tribal coalitions” that make up America’s political landscape. Progressives, conservatives, and libertarians, he argued, are “like tribes speaking different languages. As a result, political discussions do not lead to agreement. Instead, most political commentary serves to increase polarization.” Now available as a newly revised and expanded edition, Kling’s book could not be any more timely, as Americans—whether as media pundits or conversing at a party—talk past one another with even greater volume, heat, and disinterest in contrary opinions. The Three Languages of Politics is an accessible, precise, and insightful guide to how to lower the barriers coarsening our politics. This is not a book about one ideology over another. Instead, it is a book about how we communicate issues and our ideologies, and how language intended to persuade instead divides. Kling offers a way to see through our rhetorical blinders so that we can incorporate new perspectives, nuances, and thinking into the important issues we must together share and resolve.



Introduction to Economics

Introduction to Economics Author Alec Cairncross
ISBN-10 9781483102764
Release 2014-05-20
Pages 478
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Introduction to Economics, Sixth Edition gives a general and nonmathematical introductory approach to the field of economics. The monograph also updates the reader with economic issues over the years and modern economic analysis. The book is divided into seven parts. Part I includes basic topics such as the aim and purpose of economics; production, consumption, and trade; and the factors of production. Part II discusses industrial organization; growth, transformation, and development; localization of industry; and large-scale production. Part III tackles the dynamics of supply and demand, while Part IV talks about the distribution of income, wages, interest, and profit. Part V deals with the national income; expenditure, production, and income in a closed economy; and inflation. Part VI discusses international trade and finance, and Part VII covers the establishment of economic policies and its inherent problems. The text is recommended for economics students who need a good foundation of different principles and concepts in economics as well as their real-world applications.



Understanding Global Trade

Understanding Global Trade Author Elhanan Helpman
ISBN-10 9780674060784
Release 2011
Pages 222
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Helpman explains what shapes international production and distribution of goods and the resulting trade flows, and provides a clear, original account of the trade-theory revolutions of the 1980s and the post-recession. Though it contains no equations, Understanding Global Trade is mathematical in its elegance, precision, and power of expression.



The Instant Economist

The Instant Economist Author Timothy Taylor
ISBN-10 9781101559772
Release 2012-01-31
Pages 272
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The Only Economics Book You Will Ever Need - A Library Journal 2012 Best Business Book of the Year Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor tackles all the key questions and hot topics of both microeconomics and macroeconomics, including: Why do budget deficits matter? What exactly does the Federal Reserve do? Does globalization take jobs away from American workers? Why is health insurance so costly? The Instant Economist offers the knowledge and sophistication to understand the issues- so you can understand and discuss economics on a personal, national, and global level.



Hive Mind

Hive Mind Author Garett Jones
ISBN-10 9780804797054
Release 2015-11-11
Pages 224
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Over the last few decades, economists and psychologists have quietly documented the many ways in which a person's IQ matters. But, research suggests that a nation's IQ matters so much more. As Garett Jones argues in Hive Mind, modest differences in national IQ can explain most cross-country inequalities. Whereas IQ scores do a moderately good job of predicting individual wages, information processing power, and brain size, a country's average score is a much stronger bellwether of its overall prosperity. Drawing on an expansive array of research from psychology, economics, management, and political science, Jones argues that intelligence and cognitive skill are significantly more important on a national level than on an individual one because they have "positive spillovers." On average, people who do better on standardized tests are more patient, more cooperative, and have better memories. As a result, these qualities—and others necessary to take on the complexity of a modern economy—become more prevalent in a society as national test scores rise. What's more, when we are surrounded by slightly more patient, informed, and cooperative neighbors we take on these qualities a bit more ourselves. In other words, the worker bees in every nation create a "hive mind" with a power all its own. Once the hive is established, each individual has only a tiny impact on his or her own life. Jones makes the case that, through better nutrition and schooling, we can raise IQ, thereby fostering higher savings rates, more productive teams, and more effective bureaucracies. After demonstrating how test scores that matter little for individuals can mean a world of difference for nations, the book leaves readers with policy-oriented conclusions and hopeful speculation: Whether we lift up the bottom through changing the nature of work, institutional improvements, or freer immigration, it is possible that this period of massive global inequality will be a short season by the standards of human history if we raise our global IQ.



Invisible Wealth

Invisible Wealth Author Arnold Kling
ISBN-10 9781594035425
Release 2011-09-06
Pages 336
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The discipline of economics is not what it used to be. Over the last few decades, economists have begun a revolutionary reorientation in how we look at the world, and this has major implications for politics, policy, and our everyday lives. For years, conventional economists told us an incomplete story that leaned on the comfortable precision of mathematical abstraction and ignored the complexity of the real world with all of its uncertainties, unknowns, and ongoing evolution. What economists left out of the story were the positive forces of creativity, innovation, and advancing technology that propel economies forward. Economists did not describe the dynamic process that leads to new pharmaceuticals, cell phones, Web-based information services—forces that fundamentally alter how we live our daily lives. Economists also left out the negative forces that can hold economies back: bad governance, counterproductive social practices, and patterns of taking wealth instead of creating it. They took for granted secure property rights, honest public servants, and the willingness of individuals to experiment and adapt to novelty. From Poverty to Prosperity is not Tipping Point or Freakonomics. Those books offer a smorgasbord of fascinating findings in economics and sociology, but the findings are only loosely related. From Poverty to Prosperity on the other hand, tells a big picture story about the huge differences in the standard of living across time and across borders. It is a story that draws on research from the world’s most important economists and eschews the conventional wisdom for a new, more inclusive, vision of the world and how it works.



The Travels of a T Shirt in the Global Economy

The Travels of a T Shirt in the Global Economy Author Pietra Rivoli
ISBN-10 0470456426
Release 2009-04-01
Pages 336
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The Travels of a T Shirt in the Global Economy has been writing in one form or another for most of life. You can find so many inspiration from The Travels of a T Shirt in the Global Economy also informative, and entertaining. Click DOWNLOAD or Read Online button to get full The Travels of a T Shirt in the Global Economy book for free.



Introduction to Economics

Introduction to Economics Author Stephen Dobson
ISBN-10 0198775652
Release 1999
Pages 298
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policies. ceptionally accessible and fresh approach to economics which will assist and hold the attention of undergraduate students taking subsidiary modules in economics. It is ideal for students following a wide variety of courses who are not going on to specialize in economics. The book assumes no prior knowledge of economics. It is packed with learning aids such as end-of-chapter questions, summaries, lists of key terms, and frequent use of illustrative material. This new book introduces students to some of the key concepts used by economists, and shows how economics can be used to analyse a variety of important social and economic issues. To this end, concepts are often introduced in the context of real world applications, and many of the macroeconomic themes are presented in the context of their historical development. Brevity has been achieved by including only those economic concepts which are the most useful for aiding students' understanding of real events and policies. 'the writing style, the level of the exposition and the structure of the book are all excellent. The way material is introduced and explained is very clear and I think that the book will be very accessible for the intended audience... The cases presented are good choices which are likely to prove interesting to students.' Dr Martin J. Carter, Leeds University Business School



Economics of the Undead

Economics of the Undead Author Glen Whitman
ISBN-10 9781442235038
Release 2014-07-17
Pages 310
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Whether preparing us for economic recovery after the zombie apocalypse, analyzing vampire investment strategies, or illuminating the market forces that affect vampire-human romances, Economics of the Undead gives both seasoned economists and layman readers something to sink their teeth into.



The Roman Market Economy

The Roman Market Economy Author Peter Temin
ISBN-10 9780691147680
Release 2013
Pages 299
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"The study of ancient economies has for many generations been a fiercely debated field. Peter Temin has produced a book that will in many ways foster renewed energy in this great debate. What is of special value here is his economic analysis, including the use of regressions to show that price movements in the Roman provinces must be linked to those in Rome itself, and that the Roman economy, therefore, was a market economy. Whether one agrees or not with this basic conclusion, the framing of the evidence will alter the terms of the debate, and not just for the Roman economy but for Hellenistic economies as well. The book is a must-read for all economic historians and will surely become one of the most widely read books on the ancient economy."--J. G. Manning, Yale University "Peter Temin's fascinating book deploys the techniques of economic analysis to understand the nature of Roman trade, markets, and transactions, and definitively challenges the view of the Roman Empire as a 'primitive' economy. Stressing the importance of markets, trade, commerce, and banking, and emphasizing their prominence in the evidence from ancient texts and archaeology, Temin offers a sophisticated account of Rome's economic institutions and practices that fundamentally revises and enriches our understanding of the prosperity and the decline of this major imperial power."--Alan K. Bowman, University of Oxford "This is a very important book, and I know of no other quite like it. Temin's scholarship promotes and illustrates the relevance of economic theory to the study of Roman history. "The Roman Market Economy" contains plenty of claims that are controversial, but that's what will energize the debate."--Walter Scheidel, coeditor of "The Oxford Handbook of Roman Studies" "Economic historians have actively studied medieval and early modern Europe for decades, but few have ventured back as far as Peter Temin does here. He demonstrates that economic arguments apply just as well to the ancient world, and that even quite general propositions can be tested against evidence from antiquity."--Francois R. Velde, coauthor of "The Big Problem of Small Change" "



Crisis of Abundance

Crisis of Abundance Author Arnold S. Kling
ISBN-10 9781930865891
Release 2006
Pages 110
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In Crisis of Abundance: Rethinking How We Pay for Health Care, economist Arnold King warns that no health care system is perfect. Under the status quo, Americans are not getting maximum value per dollar spent. A government solution is likely to require rationing to a degree unacceptable to many Americans. However, a market-oriented approach would require consumers to take greater personal responsibility for health care decisions and expenses. Kling outlines an approach for increased consumer responsibility, with fewer expenses paid by third parties.



The Best Book on the Market

The Best Book on the Market Author Eamonn Butler
ISBN-10 1906465991
Release 2009-07-21
Pages 172
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The free market makes the world go around. Maybe it’s time we all tried to understand it a little better. Luckily Eamonn Butler is the ideal teacher to get us all up to speed. Markets are everywhere. But how many of us understand how they work, and why? What does a ‘free market’ really mean? Do free markets actually exist? Should we have more or less of them? Most of all – do we really need to know all this? Answer: Yes we do. MAKING ECONOMICS SIMPLE SO THAT EVEN POLITICIANS CAN UNDERSTAND IT If any mention of free markets sends your mind screaming back to your musty old school economics textbook, think again. The Best Book on the Market will keep you gripped, intrigued and well informed. Abandoning complicated mumbo-jumbo, Eamonn Butler, Director of the UK’s leading free market think-tank, demystifies the world of markets, competition, monopolies and cartels, prices and overspills. Using examples from our everyday lives Dr Butler explains how the markets we have, and the many more we need, can work to create a richer, freer and more peaceful world. STOP WORRYING AND LOVE THE FREE ECONOMY He delves into the morality of markets and interrogates important issues such as why feckless rock-stars are paid much more than worthy nurses; whether we should worry about people trading in arms, water, healthcare etc; whether black markets are immoral; and questions of equality; sweatshops, and fair trade. “This book is about the free market and how unfree it can be when there is a lack of belief in freedom itself. Eamonn Butler presents solid arguments against government attempts to ‘perfect’ the markets by regulation, controls, subsidies, or by adopting measures which obstruct competition and private ownership.” Václav Klaus, President of the Czech Republic “Vividly and simply explains competition, entrepreneurship and prices”. John Blundell, Director, Institute of Economic Affairs “A great little book that gets to the heart of how and why markets work, in a very engaging and easily understood way”. Dan Lewis, Research Director, Economic Research Council “I welcome this witty, lucid explanation of how entrepreneurs and business people make a positive contribution to our lives, and why economists often don't”. Andrew Neil , leading journalist and BBC presenter “Anything which educates the public - and politicians - on how the free economy actually works is always welcome. Dr Butler does this in style”. Lord Lawson, former UK Chancellor of the Exchequer “Everyone in business would do well to understand the basic principles of markets which Dr Butler clarifies so well in this short book”. Allister Heath, Editor of The Business and Associate Editor of The Spectator "This book does great justice to the vibrancy of markets and what makes them tick" Ruth Richardson, former Finance Minister of New Zealand "It's refreshing to see an economist who understands the importance of innovation and entrepreneurship in pushing progress forward, and who can explain it in straightforward language." Trevor Baylis OBE (inventor of the wind-up radio) "I'm glad to see that Dr Butler stresses the role of innovators – and the importance of market structures that encourage innovation." Sir Clive Sinclair (inventor) "Dr Butler's book is a welcome and very readable contribution on the mechanisms and morality of the free economy." Sir John Major KG CH (former UK Prime Minister) “'Market' is one of the first six-letter wor



The Geography of the World Economy

The Geography of the World Economy Author Paul Knox
ISBN-10 9781134615230
Release 2014-04-17
Pages 496
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The Geography of the World Economy provides an in-depth and stimulating introduction to the globalization of the world economy. The book offers a consideration of local, regional, national and global economic development over the long historical term. The theory and practice of economic and political geography provide a basis for understanding the interactions within and among the developed and developing countries of the world. Illustrated in color throughout, this new edition has been completely reworked and updated to take account of recent significant changes in the world economy. A new companion website also accompanies the book, with additional resources for each chapter including multiple choice and short essay questions and links to relevant websites. Figures and tables are also available for download located at www.routledge.com/cw/knox The text is signposted throughout with an glossary of key terms, and is richly illustrated with full-color maps, diagrams and illustrations. It is ideal for upper level university undergraduates and for post-graduates in a variety of specializations including geography, economics, political science, international relations and global studies.



Microeconomics

Microeconomics Author Avinash Dixit
ISBN-10 9780199689378
Release 2014-04
Pages 131
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The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world, arguably as much, if not more than, macroeconomics. In this Very Short Introduction Avinash Dixit clearly explains what microeconomics is by using examples from around the world.



The Why Axis

The Why Axis Author Uri Gneezy
ISBN-10 9781610393126
Release 2013-10-08
Pages 288
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Can economics be passionate?… Can it center on people and what really matters to them day-in and day-out.… And help us understand their hidden motives for why they do what they do in everyday life? Uri Gneezy and John List are revolutionaries. Their ideas and methods for revealing what really works in addressing big social, business, and economic problems gives us new understanding of the motives underlying human behavior. We can then structure incentives that can get people to move mountains, change their behavior—or at least get a better deal. But finding the right incentive can be like looking for a needle in a haystack. Gneezy and List’s pioneering approach is to embed themselves in the factories, schools, communities, and offices where people work, live, and play. Then, through large-scale field experiments conducted “in the wild,” Gneezy and List observe people in their natural environments without them being aware that they are observed. Their randomized experiments have revealed ways to close the gap between rich and poor students; to stop the violence plaguing inner-city schools; to decipher whether women are really less competitive than men; to correctly price products and services; and to discover the real reasons why people discriminate. To get the answers, Gneezy and List boarded planes, helicopters, trains, and automobiles to embark on journeys from the foothills of Kilimanjaro to California wineries; from sultry northern India to the chilly streets of Chicago; from the playgrounds of schools in Israel to the boardrooms of some of the world’s largest corporations. In The Why Axis, they take us along for the ride, and through engaging and colorful stories, present lessons with big payoffs. Their revelatory, startling, and urgent discoveries about how incentives really work are both revolutionary and immensely practical. This research will change both the way we think about and take action on big and little problems. Instead of relying on assumptions, we can find out, through evidence, what really works. Anyone working in business, politics, education, or philanthropy can use the approach Gneezy and List describe in The Why Axis to reach a deeper, nuanced understanding of human behavior, and a better understanding of what motivates people and why.



The World That Trade Created

The World That Trade Created Author Kenneth Pomeranz
ISBN-10 9781317190103
Release 2017-09-22
Pages 346
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The World That Trade Created brings to life the history of trade and its actors. In a series of brief, highly readable vignettes, filled with insights and amazing facts about things we tend to take for granted, the authors uncover the deep historical roots of economic globalization. Covering over seven hundred years of history, this book, now in its fourth edition, takes the reader around the world from the history of the opium trade to pirates, to the building of corporations and migration to the New World. The chapters are grouped thematically, each featuring an introductory essay designed to synthesize and elaborate on key themes, both familiar and unfamiliar. It includes ten new essays, on topics ranging from the early modern ivory and slave trades across the Indian Ocean, to the ways in which the availability of new consumer goods helped change work habits in both Europe and East Asia, and from the history of chewing gum to that of rare earth metals. The introductory essays for each chapter, the overall introduction and epilogue, and several of the essays have also been revised and updated. The World That Trade Created continues to be a key resource for anyone teaching world history, world civilization, and the history of international trade.