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The Downsizing of Economics Professors by Steven Payson Pdf
This book provides a comprehensive overview and analysis of how economics professors should and will be downsized in the near future. The downsizing will occur as distance learning and Massive Open Online Courses (MOOCs) become more widely used, leading to reductions in college tuition and improvements in economics education.
How Economics Professors Can Stop Failing Us by Steven Payson Pdf
This book provides an eye-opening exposé on economics professors that will surely shock anyone who is not familiar with the topic, and even some of those who are familiar with it. It is critical of the behavior of economics professors, but is not critical of the field of economics itself. In fact, the book argues that it is essential for economics professors to improve in the work they perform, precisely because of the vital importance of their field. Other books that criticize economics professors typically present complex arguments that interest only the most advanced scholars. However, this book is completely different. It is written to be understandable to anyone who has with an interest in economics, regardless of their background. At the same time, the book does include the most relevant scholarly arguments—it just presents them in a manner that allows anyone to understand them. Also unlike other books on economics, How Economics Professors Can Stop Failing Us is written in the context of a genuine exposé. As such, itventures “backstage” behind the “show business” that has dominated the profession, revealing the profession’s deep, dark, (and at times rather ugly) secrets. The book is able to do this by having an author who has experienced first- hand, studied, and written on this topic area for over three decades, who has organized training seminars on it, and who has served for over a decade as the Executive Director of the Association for Integrity and Responsible Leadership in Economics. While exposing the profession’s shameful problems, the book also offers great hope in providing realistic solutions to them. One of the main solutions it proposes is for economics professors who are now failing us to follow, and learn from, those other professors who are not failing us—who have, instead, admirably upheld the principles of professional ethics and scientific integrity. In this sense, How Economics Professors Can Stop Failing Us offers the most hope, and perhaps the only hope, for economics professors to improve, and to play the responsible role that their students, their employers, and society overall, expects of them.
Author : William J. Baumol,Alan S. Blinder,Edward N. Wolff Publisher : Russell Sage Foundation Page : 336 pages File Size : 55,7 Mb Release : 2003-06-26 Category : Business & Economics ISBN : 9781610440318
Downsizing in America by William J. Baumol,Alan S. Blinder,Edward N. Wolff Pdf
In the 1980s and early 1990s, a substantial number of U.S. companies announced major restructuring and downsizing. But we don't know exactly what changes in the U.S. and global economy triggered this phenomenon. Little research has been done on the underlying causes of downsizing. Did companies actually reduce the size of their workforces, or did they simply change the composition of their workforces by firing some kinds of workers and hiring others? Downsizing in America, one of the most comprehensive analyses of the subject to date, confronts all these questions, exploring three main issues: the extent to which firms actually downsized, the factors that triggered changes in firm size, and the consequences of downsizing. The authors show that much of the conventional wisdom regarding the spate of downsizing in the 1980s and 1990s is inaccurate. Nearly half of the large firms that announced major layoffs subsequently increased their workforce by more than 10 percent within two or three years. The only arena in which downsizing predominated appears to be the manufacturing sector-less than 20 percent of the U.S. workforce. Downsizing in America offers a range of compelling hypotheses to account for adoption of downsizing as an accepted business practice. In the short run, many companies experiencing difficulties due to decreased sales, cash flow problems, or declining securities prices reduced their workforces temporarily, expanding them again when business conditions improved. The most significant trigger leading to long-term downsizing was the rapid change in technology. Companies rid themselves of their least skilled workers and subsequently hired employees who were better prepared to work with new technology, which in some sectors reduced the size of firm at which production is most efficient. Baumol, Blinder, and Wolff also reveal what they call the dirty little secret of downsizing: it is profitable in part because it holds down wages. Downsizing in America shows that reducing employee rolls increased profits, since downsizing firms spent less money on wages relative to output, but it did not increase productivity. Nor did unions impede downsizing. The authors show that unionized industries were actually more likely to downsize in order to eliminate expensive union labor. In sum, downsizing transferred income from labor to capital-from workers to owners Downsizing in America combines an investigation of the underlying realities and causes of workforce reduction with an insightful analysis of the consequent shift in the balance of power between management and labor, to provide us with a deeper understanding of one of the major economic shifts of recent times—one with far-reaching implications for all American workers.
The New World of Economics by Richard B. McKenzie,Gordon Tullock Pdf
The New World of Economics, 6th edition, by Richard McKenzie and Gordon Tullock, represents a revival of a classic text that, when it was first published, changed substantially the way economics would be taught at the introductory and advanced levels of economics for all time. In a very real sense, many contemporary general-audience economics books that seek to apply the “economic way of thinking” to an unbounded array of social issues have grown out of the disciplinary tradition established by earlier editions of The New World of Economics. This new edition of The New World will expose new generations of economics students to how McKenzie and Tullock have applied in a lucid manner a relatively small number of economic concepts and principles to a cluster of topics that have been in the book from its first release and to a larger number of topics that are new to this edition, with the focus of the new topics on showing students how economic thinking can be applied to business decision making. This edition continues the book’s tradition of taking contrarian stances on important economic issues. Economics professors have long reported that The New World is a rare book in that students will read it without being required to do so.
The Origins of Globalization by Karl Moore,David Charles Lewis Pdf
Origins of Globalization draws widely on ancient sources and modern economic theory to detail the concept of “known world” globalization, arguing that a mixed economy--similar in many respects to our own--existed in a variety of forms throughout the ancient world. By analyzing the business practices of the ancient world--phenomena such as resource and market seeking behavior, international trade from China, India and Rome, to Africa and even northern and western parts of Europe, Small and Medium Size Enterprises (SMEs) operating internationally and outsourcing production, multicultural workforces, tariff reduced zones, interregional tax issues, and the management of currency risks--the authors provide readers with a unique historical interpretation of the contemporary globalizing economy and a durable theoretical framework for future historical economic analyses.
Can Heterodox Economics Make a Difference? by Phil Armstrong Pdf
In a series of in-depth interviews with leading economists and policy-makers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesian, Modern Monetary Theory, Marxist and Institutionalist, this intriguing book sheds light upon the behaviour of economists and the sociology of the economics profession by enabling economists to express their views on a wide range of issues.
The War Against the Professions by Judith J. Slater,David M. Callejo Pérez,Stephen M. Fain Pdf
The modern American university has, for more than a century, been the frontier where those who aspired to social and economic advancement ventured. Initially, the guides for the aspirants were the professors, who having earned the trust of both the general public and practitioners, provided the necessary foundation for entry into the profession.
As life unfolds, things tend to accumulate. When older adults undergo health, residential, and marital changes, they will face a reckoning with their lifelong store of possessions—special, ordinary, and forgotten. Such a predicament now confronts tens of millions of Americans as the Baby Boom cohort passes into retirement and beyond. Despite what a thriving industry of clutter manuals tells us, for most older adults, downsizing is no simple task. Drawing on in-depth interviews with recent movers in over a hundred diverse U.S. households, David Ekerdt analyzes the downsizing process and what it says about the meaning and management of possessions. He details how households approach and accomplish downsizing, exploring the decision-making process and the effectiveness of different strategies. From an expert gerontological perspective, he considers the cognitive, physical, emotional, and social tasks that the process entails and the role of factors such as gender and class on the divestment of things. Ekerdt finds that despite the fatigue and emotional challenges people encounter, afterward they report satisfaction in having completed a downsizing and feel empowerment on the other side of the task. Offering an empathetic and practical look at one of life’s major transitions, Downsizing brings forward the voices of elders so that older adults, their families and friends, and practitioners working with older clients can understand and benefit from their experience.
Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics by Hassan Bougrine,Louis-Philippe Rochon Pdf
Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.
Author : David M. Gordon Publisher : Simon and Schuster Page : 336 pages File Size : 46,7 Mb Release : 1996-05-15 Category : Business & Economics ISBN : 9781439136706
Since the early 1980s, economic experts have recommended "downsizing" as the best way for U.S. corporations to remain competitive. Reducing unnecessary staff would lower costs, increase profits, and transform these companies into lean, mean production machines. As many American businesses pursued this strategy—often in the wake of mergers and acquisitions that left them with an unwieldy layer of middle management—and raised their bottom line, it seemed the experts were right. Yet as David M. Gordon shows in this iconoclastic book, most of them have really only gone halfway. They are "mean," but far from lean. Tracing the overall employment patterns of the past decade, Gordon shows that most American companies actually employ more managers and supervisors than ever before. These ever-increasing functionaries control company payrolls and pay themselves generous salaries—at the expense of average workers. For despite a steadily growing economy the real wages of the American worker have been falling for the past 20 years. To explain this decline and the much-debated "wage gap" that resulted, pundits and professors invoke various causes ranging from the flow of production jobs overseas to the average worker's lack of the technological skills needed in today's "knowledge economy." But Gordon exposes the single greatest factor in this decline, a corporate strategy that penalizes line workers and hinders businesses from competing effectively in world markets: the simultaneous overstaffing of management hierarchies and the inadequate compensation of workers. Instead of sharing profits with their employees, thus encouraging them to work harder, management has more often opted to prod workers by instilling fear of layoffs. Gordon unerringly plots the shortsighted and disastrous course of U.S. corporations, and documents the tremendous social and personal costs to their employees. Yet in addition to telling the harsh truth about downsizing, he suggests policies to ensure fairer business practices. Wages can increase— indeed, they must—as the economy begins to perform more efficiency. U.S. corporations have become fat and mean. They need to become lean and decent—not just for the sake of their workers, but for the sake of their competitive advantage. This provocative and original book shows how they can.
Advances in Mathematical Economics by Toru Maruyama Pdf
The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.
Post-Keynesian Principles of Economic Policy by Claude Gnos,Louis-Philippe Rochon Pdf
Post-Keynesian economics is moving beyond criticism of mainstream economics and is focusing on providing a positive alternative to orthodoxy. This book gathers carefully selected and original papers by a number of distinguished post-Keynesian writers from Europe and the Americas and converges on the principles that should guide post-Keynesian economic policy in the 21st century.
The Economics of Information in the Networked Environment by Meredith A. Butler,Bruce R. Kingma Pdf
In this book, first published in 1998, world-renowned experts on the subject of contemporary librarianship analyse the problems associated with coping with an ever-expanding knowledge base, given their current economic constraints and budgets. It examines challenging marketplace solutions to problems in the economics of information; economic modelling of investments in information resources at academic institutions; the economics of resource sharing, consortia, and document delivery; and measuring the costs and benefits of distance learning.
Talented Teachers by Lewis C. Solmon,Tamara W. Schiff Pdf
This book provides readers with the opportunity to hear what experts in the educational community think about the myriad issues involved in improving the quality of all teachers in our nation’s classrooms.
Personnel Economics for Managers by Edward P. Lazear Pdf
* How do you recruit the best employees? * How does a firm go about downsizing? * How important is money relative to other factors? * How and when should evaluations be conducted? * How should stock options be structured to maximize incentives? How are training and turnover linked? * Should you reward good performance or penalize bad performance? In this new book, Personnel Economics for Managers, Professor Lazear answers these and many other personnel management questions. His unique approach, using economics to explore human resource topics, builds human resource systems as an entire structure with no one department independent of another. After reading this book, you will finally have a detailed analysis in a field that has traditionally lacked the resources to back up theories and statements.