Economics For An Imperfect World

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Economics for an Imperfect World

Author : Joseph E. Stiglitz
Publisher : MIT Press
Page : 722 pages
File Size : 42,7 Mb
Release : 2003
Category : Business & Economics
ISBN : 0262012057

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Economics for an Imperfect World by Joseph E. Stiglitz Pdf

The focus of Joseph Stiglitz's work in economics throughout his long and distinguished career has been on the real world, with all of its imperfections.

Economics for an Imperfect World

Author : Joseph E. Stiglitz,Richard Arnott
Publisher : Unknown
Page : 702 pages
File Size : 40,8 Mb
Release : 2003
Category : Business & Economics
ISBN : 0262267349

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Economics for an Imperfect World by Joseph E. Stiglitz,Richard Arnott Pdf

Throughout Joseph Stiglitz's long and distinguished career in economics, the focus has been on the real world, with all of its imperfections. His 2001 Nobel Prize recognized his pioneering research in imperfect information; his work in other areas, including macroeconomics, public economics, and development economics, has been just as influential. This volume, a collection of essays written to mark Stiglitz's sixtieth birthday, reflects the wide-ranging influence of "Stiglitzian" economics. The many distinguished contributors are his teachers, students, and coauthors; their participation testifies to the personal and professional impact of Joseph Stiglitz's contributions to contemporary economic thought.

Public Economics and the Environment in an Imperfect World

Author : Lans Bovenberg,Sijbren Cnossen
Publisher : Springer Science & Business Media
Page : 370 pages
File Size : 44,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401106610

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Public Economics and the Environment in an Imperfect World by Lans Bovenberg,Sijbren Cnossen Pdf

Growing populations and economies have increased the public's awareness that the world's environmental resources are finite. The issues of global warming and the depletion of the ozone layer have given universal significance to what were once local and regional pollution problems. What is evident from Public Economics and the Environment in an Imperfect World is that Coasian negotiations fail to internalize the costs of environmental degradation, often calling for public intervention through the market mechanism. In its consideration of such issues the book includes contributions on assessment problems, institutional aspects, the need for coordination and efficiency, and distribution issues.

Finding Meaning in an Imperfect World

Author : Iddo Landau
Publisher : Oxford University Press
Page : 288 pages
File Size : 55,9 Mb
Release : 2017-07-01
Category : Philosophy
ISBN : 9780190657680

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Finding Meaning in an Imperfect World by Iddo Landau Pdf

Does life have meaning? Is it possible for life to be meaningful when the world is filled with suffering and when so much depends merely upon chance? Even if there is meaning, is there enough to justify living? These questions are difficult to resolve. There are times in which we face the mundane, the illogically cruel, and the tragic, which leave us to question the value of our lives. However, Iddo Landau argues, our lives often are, or could be made, meaningfulwe've just been setting the bar too high for evaluating what meaning there is. When it comes to meaning in life, Landau explains, we have let perfect become the enemy of the good. We have failed to find life perfectly meaningful, and therefore have failed to see any meaning in our lives. We must attune ourselves to enhancing and appreciating the meaning in our lives, and Landau shows us how to do that. In this warmly written book, rich with examples from the author's life, film, literature, and history, Landau offers new theories and practical advice that awaken us to the meaning already present in our lives and demonstrates how we can enhance it. He confronts prevailing nihilist ideas that undermine our existence, and the questions that dog us no matter what we believe. While exposing the weaknesses of ideas that lead many to despair, he builds a strong case for maintaining more hope. Along the way, he faces provocative questions: Would we choose to live forever if we could? Does death render life meaningless? If we examine it in the context of the immensity of the whole universe, can we consider life meaningful? If we feel empty once we achieve our goals, and the pursuit of these goals is what gives us a sense of meaning, then what can we do? Finding Meaning in an Imperfect World is likely to alter the way you understand your life.

Imperfect Knowledge Economics

Author : Roman Frydman,Michael D. Goldberg
Publisher : Princeton University Press
Page : 368 pages
File Size : 42,7 Mb
Release : 2023-09-26
Category : Business & Economics
ISBN : 9780691261157

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Imperfect Knowledge Economics by Roman Frydman,Michael D. Goldberg Pdf

Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior. Such predictions, based on mechanistic models of human behavior, disregard the importance of individual creativity and unforeseeable sociopolitical change. Scientific though these explanations may appear, they usually fail to predict how markets behave. And, the authors contend, recent behavioral models of the market are no less mechanistic than their conventional counterparts: they aim to generate exact predictions of "irrational" human behavior. Frydman and Goldberg offer a long-overdue response to the shortcomings of conventional economic models. Drawing attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of mathematical models that generate only qualitative predictions of economic change. Using the foreign exchange market as a testing ground for IKE, this book sheds new light on exchange-rate and risk-premium movements, which have confounded conventional models for decades. Offering a fresh way to think about markets and representing a potential turning point in economics, Imperfect Knowledge Economics will be essential reading for economists, policymakers, and professional investors.

Economic Instruments of Pollution Control in an Imperfect World

Author : Tingsong Jiang
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 48,6 Mb
Release : 2003
Category : Air
ISBN : UCSD:31822033572199

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Economic Instruments of Pollution Control in an Imperfect World by Tingsong Jiang Pdf

In this book, Tingsong Jiang extensively discusses the wider issues of economic instruments of pollution control as well as paying specific attention to the control of carbon dioxide emissions in China. The book begins with a general analysis of economic instruments of pollution control, and is followed by the application of these in CO2 emission control. The former presents the discussion of pollution control policies in general equilibrium settings, focusing on the comparison of pollution taxes and tradable permits in certain kinds of circumstances with imperfections such as uncertainty and pre-existing distortions. An empirical evaluation of China's environmental policies is also included. The latter brings the discussion into the area of global warming policies with the focus on the implications to China. A dynamic general equilibrium model, G-Cubed-T, is developed to produce CO2 emissions projections from China, the US and the rest of the world, and to simulate various policy targets and instruments China may adopt to control its CO2 emissions. With its systematic evaluation of China's environmental policy, this thorough and rigorous assessment will be invaluable reading for academics in environmental economics and environmental management, policy analysts in environmental protection and global warming fields, policymakers and government officials around the world, as well as China specialists.

Imperfect Markets and Imperfect Regulation

Author : Thomas-Olivier Leautier
Publisher : MIT Press
Page : 413 pages
File Size : 54,7 Mb
Release : 2019-03-19
Category : Business & Economics
ISBN : 9780262039284

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Imperfect Markets and Imperfect Regulation by Thomas-Olivier Leautier Pdf

The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier LĂ©autier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.

A Guide to What's Wrong with Economics

Author : Edward Fullbrook
Publisher : Anthem Press
Page : 332 pages
File Size : 48,6 Mb
Release : 2004
Category : Business & Economics
ISBN : 9780857287373

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A Guide to What's Wrong with Economics by Edward Fullbrook Pdf

During a time of accelerating momentum for radical change in the study of economics, 'A Guide to What's Wrong with Economics' comprehensively re-examines the shortcomings of neoclassical economics and considers a number of alternative formulations.

Real World Economics

Author : Christopher Huhne
Publisher : Unknown
Page : 336 pages
File Size : 51,5 Mb
Release : 1990
Category : Competition, Imperfect
ISBN : 0140130896

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Real World Economics by Christopher Huhne Pdf

How Economics Can Save the World

Author : Erik Angner
Publisher : Random House
Page : 184 pages
File Size : 43,8 Mb
Release : 2023-01-26
Category : Business & Economics
ISBN : 9780241502723

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How Economics Can Save the World by Erik Angner Pdf

Economics has the power to make the world a better, happier and safer place: this book shows you how Our world is in a mess. The challenges of climate change, inequality, hunger and a global pandemic mean our way of life seems more imperilled and society more divided than ever; but economics can help! From parenting to organ donation, housing to anti-social behaviour, economics provides the tools we need to fix the biggest issues of today. Far from being a means to predict the stock market or enrich the elite, economics provides a lens through which we can better understand how things work, design clever solutions and create the conditions in which we can all flourish. With a healthy dose of optimism, and packed with stories of economics in everyday situations, Erik Angner demonstrates the methods he and his fellow economists use to help improve our lives and the society in which we live. He shows us that economics can be a powerful force for good, awakening the possibility of a happier, more just and more sustainable world.

Imperfect Competition and International Trade

Author : David Greenaway,P. K. Mathew Tharakan
Publisher : Unknown
Page : 274 pages
File Size : 44,9 Mb
Release : 1986
Category : Business & Economics
ISBN : STANFORD:36105038058363

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Imperfect Competition and International Trade by David Greenaway,P. K. Mathew Tharakan Pdf

City Economics

Author : Brendan O'Flaherty
Publisher : Harvard University Press
Page : 602 pages
File Size : 53,9 Mb
Release : 2005-10-30
Category : Business & Economics
ISBN : 9780674252073

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City Economics by Brendan O'Flaherty Pdf

This introductory but innovative textbook on the economics of cities is aimed at students of urban and regional policy as well as of undergraduate economics. It deals with standard topics, including automobiles, mass transit, pollution, housing, and education but it also discusses non-standard topics such as segregation, water supply, sewers, garbage, fire prevention, housing codes, homelessness, crime, illicit drugs, and economic development. Its methods of analysis are primarily verbal, geometric, and arithmetic. The author achieves coherence by showing how the analysis of various topics reinforces one another. Thus, buses can tell us something about schools and optimal tolls about land prices. Brendan O'Flaherty looks at almost everything through the lens of Pareto optimality and potential Pareto optimality--how policies affect people and their well-being, not abstract entities such as cities or the economy or growth or the environment. Such traditionalism leads to radical questions, however: Should cities have police and fire departments? Should tax preferences for home ownership be repealed? Should public schools charge for their services? O'Flaherty also gives serious consideration to such heterodox policies as pay-at-the-pump auto insurance, curb rights for buses, land taxes, marginal cost water pricing, and sidewalk zoning.

Imperfect Knowledge Economics

Author : Roman Frydman,Michael D. Goldberg
Publisher : Princeton University Press
Page : 374 pages
File Size : 51,7 Mb
Release : 2007
Category : Business & Economics
ISBN : 0691121605

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Imperfect Knowledge Economics by Roman Frydman,Michael D. Goldberg Pdf

Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior. Such predictions, based on mechanistic models of human behavior, disregard the importance of individual creativity and unforeseeable sociopolitical change. Scientific though these explanations may appear, they usually fail to predict how markets behave. And, the authors contend, recent behavioral models of the market are no less mechanistic than their conventional counterparts: they aim to generate exact predictions of "irrational" human behavior. Frydman and Goldberg offer a long-overdue response to the shortcomings of conventional economic models. Drawing attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of mathematical models that generate only qualitative predictions of economic change. Using the foreign exchange market as a testing ground for IKE, this book sheds new light on exchange-rate and risk-premium movements, which have confounded conventional models for decades. Offering a fresh way to think about markets and representing a potential turning point in economics, Imperfect Knowledge Economics will be essential reading for economists, policymakers, and professional investors.

Foundations of Real-World Economics

Author : John Komlos
Publisher : Taylor & Francis
Page : 591 pages
File Size : 49,5 Mb
Release : 2023-03-20
Category : Business & Economics
ISBN : 9781000847895

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Foundations of Real-World Economics by John Komlos Pdf

The 2008 financial crisis, the rise of Trumpism, and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks remain frozen in time, continuing to uphold traditional policies as though nothing has happened. Foundations of Real-World Economics demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in mainstream models. Bringing together the work of key scholars like Kahneman, Minsky, and Schumpeter, this textbook takes into consideration the inefficiencies that arise when the perfectly competitive model is applied to the real world dominated by multinational oligopolies. The third edition has been updated throughout, bringing in new material on the financial crises, the rise of populism, racism, inequality, climate change, and the Covid-19 pandemic. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching as John Komlos focuses on the paradigm of humanistic economics.

New Economic Thinking and Real Estate

Author : Danny Myers
Publisher : John Wiley & Sons
Page : 243 pages
File Size : 50,8 Mb
Release : 2016-08-08
Category : Business & Economics
ISBN : 9781119048756

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New Economic Thinking and Real Estate by Danny Myers Pdf

New Economic Thinking and Real Estate offers a modern and distinctive approach to forecasting and understanding property markets. With this book, students will develop an intuitive ability to interpret economic indicators and acquire the confidence to assess property markets. The book is divided into three parts: Part A: Resource choices - deals with microeconomics; Part B: Financial Systems - seeks to make sense of the macroeconomic scene and Part C: Measuring and Forecasting.