Marginal Revolution In Economics

Author : Ivan Moscati
Publisher : Oxford Studies in History of E
Page : 345 pages
File Size : 53,6 Mb
Release : 2018-11-22
Category : Business & Economics
ISBN : 9780199372768

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Measuring Utility by Ivan Moscati Pdf

Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.

Author : Alessandro Roncaglia
Publisher : Cambridge University Press
Page : 321 pages
File Size : 44,5 Mb
Release : 2017-09-14
Category : Business & Economics
ISBN : 9781107175334

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A Brief History of Economic Thought by Alessandro Roncaglia Pdf

A clear and concise history of economic thought, developed from the author's award-winning book, The Wealth of Ideas.

Author : Luigi Zingales
Publisher : Basic Books
Page : 336 pages
File Size : 54,6 Mb
Release : 2014-02-11
Category : Business & Economics
ISBN : 9780465038701

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A Capitalism for the People by Luigi Zingales Pdf

Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment—paired with rampant nepotism and cronyism—on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning—often with great anger—whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls “the lighthouse” of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people—not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.

Author : Janek Wasserman
Publisher : Yale University Press
Page : 367 pages
File Size : 50,6 Mb
Release : 2019-09-24
Category : Business & Economics
ISBN : 9780300228229

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The Marginal Revolutionaries by Janek Wasserman Pdf

A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics--a movement that has had a vast impact on economics, politics, and society, especially among the American right--is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism--and deep antipathy toward socialism--ultimately won them a devoted audience among the upper echelons of business and government. In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed--notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile.

Author : Alessandro Roncaglia
Publisher : Cambridge University Press
Page : 620 pages
File Size : 48,7 Mb
Release : 2005-04-28
Category : Business & Economics
ISBN : 0521843375

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The Wealth of Ideas by Alessandro Roncaglia Pdf

This 2005 book traces the history of economic thought from its prehistory to the present day.

Author : Simon Clarke
Publisher : MacMillan Publishing Company
Page : 264 pages
File Size : 40,5 Mb
Release : 1982
Category : Political Science
ISBN : STANFORD:36105039335182

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Marx, Marginalism and Modern Sociology by Simon Clarke Pdf

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 49,9 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781786433572

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Classical Economic Theory and the Modern Economy by Steven Kates Pdf

Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.

Author : Bert Mosselmans
Publisher : Economy Key Ideas
Page : 184 pages
File Size : 50,8 Mb
Release : 2018
Category : Business & Economics
ISBN : 1911116665

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Marginalism by Bert Mosselmans Pdf

The notion of marginalism is central to modern economic theory. Its emergence in the 1870s underpinned the change from classical economics to modern (micro)economics. This book explores the origins of the concept, its development, and its role in modern economics and shows why the marginalist approach is much more than a set of mathematical rules.

Author : Tyler Cowen
Publisher : Penguin
Page : 71 pages
File Size : 48,9 Mb
Release : 2011-01-25
Category : Business & Economics
ISBN : 9781101502259

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The Great Stagnation by Tyler Cowen Pdf

Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.

Author : Tyler Cowen,Alexander Tabarrok
Publisher : W H Freeman & Company
Page : 512 pages
File Size : 48,9 Mb
Release : 2012-02-16
Category : Business & Economics
ISBN : 1429292865

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Study Guide for Modern Principles of Macroeconomics by Tyler Cowen,Alexander Tabarrok Pdf

This thoroughly updated new edition of this title draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.

Author : Toru Maruyama
Publisher : Springer Nature
Page : 264 pages
File Size : 41,5 Mb
Release : 2024-01-02
Category : Mathematics
ISBN : 9789819943425

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Marginal Revolution in Economics by Toru Maruyama Pdf

This volume is devoted to a reappraisal of the Marginal Revolution on the occasion of its 150th anniversary. The year 1871 should be remembered as one of the most important turning points in the history of economics. W. S. Jevons, C. Menger, and L. Walras published epochal works at the very beginning of the 1870s. Although these works were written independently, they shared a common mathematical structure based on classical analysis. For this reason, the emergence of the trio is called the Marginal Revolution. Indeed, 1871 is the starting point of modern economics in the proper sense. In 1971, several academic conferences were held on the occasion of the 100th anniversary of the Revolution, which exerted the stimulating influence upon the historical researches into the Revolution. Now more than fifty years have passed since then. Economic theory has experienced further substantial changes in researchers’ central interest, the way of reasonings and the styles of description during this period. In view of the new achievements acquired in recent fifty years, it seems an indispensable task for us to review and reevaluate the Marginal Revolution based upon the present status of economics. We also keep in mind that some concepts and doctrines once discarded could reappear in a later stage of history in a more or less transfigured form. The introductory chapter will be a guide for readers not only from the economics community but also from the mathematics community.

Author : R. D. Collison Black,Alfred William Coats,Craufurd D. Goodwin
Publisher : Unknown
Page : 384 pages
File Size : 40,5 Mb
Release : 1973
Category : Business & Economics
ISBN : STANFORD:36105037661449

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The Marginal Revolution in Economics by R. D. Collison Black,Alfred William Coats,Craufurd D. Goodwin Pdf

"Papers presented at a conference held at the Villa Serbelloni, Bellagio, Italy, August 22-28, 1971."

Author : Tyler Cowen,Alexander Tabarrok
Publisher : W.H. Freeman
Page : 0 pages
File Size : 52,8 Mb
Release : 2012-06
Category : Economics
ISBN : 146412874X

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Modern Principles of Economics by Tyler Cowen,Alexander Tabarrok Pdf

Engaging authors, unbiased presentations of essential ideas, and a knack for revealing the 'invisible hand' of economics at work inform the thoroughly updated new edition of Modern Principles, drawing on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.

Author : Tyler Cowen
Publisher : Stripe Press
Page : 180 pages
File Size : 41,8 Mb
Release : 2018-10-16
Category : Business & Economics
ISBN : 9781953953353

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Stubborn Attachments by Tyler Cowen Pdf

From a bestselling author and economist, a contemporary moral case for economic growth—and a dose of inspiration and optimism about our future possibilities. Growth is good. Through history, economic growth, in particular, has alleviated human misery, improved human happiness and opportunity, and lengthened human lives. Wealthier societies are more stable, offer better living standards, produce better medicines, and ensure greater autonomy, greater fulfillment, and more sources of fun. If we want to continue on our trends of growth, and the overwhelmingly positive outcomes for societies that come with it, every individual must become more concerned with the welfare of those around us. So, how do we proceed? Tyler Cowen, in a culmination of 20 years of thinking and research, provides a roadmap for moving forward. In this new book, Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals, Cowen argues that our reason and common sense can help free us of the faulty ideas that hold us back as people and as a society. Stubborn Attachments, at its heart, makes the contemporary moral case for economic growth and delivers a great dose of inspiration and optimism about our future possibilities. As a means of practicing the altruism that Stubborn Attachments argues for, Tyler Cowen is donating all earnings from this book to a man he met in Ethiopia earlier this year with aspirations to open his own travel business.

Author : Daniel C. Dennett
Publisher : Penguin
Page : 464 pages
File Size : 48,8 Mb
Release : 2006-02-02
Category : Religion
ISBN : 9781101218860

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Breaking the Spell by Daniel C. Dennett Pdf

The New York Times bestseller – a “crystal-clear, constantly engaging” (Jared Diamond) exploration of the role that religious belief plays in our lives and our interactions For all the thousands of books that have been written about religion, few until this one have attempted to examine it scientifically: to ask why—and how—it has shaped so many lives so strongly. Is religion a product of blind evolutionary instinct or rational choice? Is it truly the best way to live a moral life? Ranging through biology, history, and psychology, Daniel C. Dennett charts religion’s evolution from “wild” folk belief to “domesticated” dogma. Not an antireligious screed but an unblinking look beneath the veil of orthodoxy, Breaking the Spell will be read and debated by believers and skeptics alike.