Universal Economics

Author : Armen Albert Alchian,William Richard Allen
Publisher : Liberty Fund
Page : 0 pages
File Size : 42,5 Mb
Release : 2018
Category : Business & Economics
ISBN : 0865979057

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Universal Economics by Armen Albert Alchian,William Richard Allen Pdf

Universal Economics is a new work that bears a strong resemblance to its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh presentation of the analytical tools employed in the economic way of thinking. More than any other principles textbook, Universal Economics develops the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in a modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles. No one has ever done price theory better than Alchian -- that is, no one has ever excelled Alchians ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few -- I can count them on my fingers -- have a claim for being considered to have done price theory as well as he did it. -- Donald Boudreaux, George Mason University. Armen A. Alchian (19142013), one of the twentieth centurys great teachers of economic science, taught at UCLA from 1958 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian. Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagans Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland.

Author : Gopi Krishna Suvanam
Publisher : Vernon Press
Page : 158 pages
File Size : 45,5 Mb
Release : 2021-06-01
Category : Business & Economics
ISBN : 9781648892110

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Liberty & Prosperity: Liberal economics for achieving universal prosperity by Gopi Krishna Suvanam Pdf

‘Liberty & Prosperity: Liberal Economics for Achieving Universal Prosperity’ aims to illuminate alternative policy framework using liberal economic policies. The evolution of this book is grounded in the author’s personal and professional experience investigating economies around the world and therefore takes a global view. The ideas discussed are intended for countries currently under different stages of development and are not restricted to only developed countries or emerging economies. This book examines what we as a society can do to achieve universal prosperity with the recurring topic of the intertwining nature of liberty and prosperity; without prosperity, man cannot have true liberty, and the best way to achieve universal prosperity is by providing liberty to all. It identifies the appropriate measures from existing liberal theories that could help achieve this long-term goal, while also introducing contrarian ideas, including the elimination of income tax, denationalization of money, and the reduction in the role of central banks. The central theme is that liberty in all aspects of economic activity, coupled with universal basic income, could create universal prosperity. This book will particularly appeal to those with a general interest in the economy and business, as well as students who seek an overview of classical macroeconomic principles; however, the book’s innovative ideas may also be of interest to professional economists.

Author : Gerard Radnitzky
Publisher : Paragon House Publishers
Page : 474 pages
File Size : 55,6 Mb
Release : 1992
Category : Political Science
ISBN : UCAL:B4357725

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Universal Economics by Gerard Radnitzky Pdf

At the end of the 50s economics had begun its "imperialist" phase, spreading the economists' theory of behavior to the entire domain of the social sciences (see, e.g., the predecessor to this volume: Radnitzky, G. and Bernholz, P. (eds.). Economic Imperialism. Paragon House 1987, which presents samples). Political economy, the new institutional economics and constitutional economics broadened attention to an open-ended array of social and political problems. The Economic Approach offers a coherent analytic framework to express the unity underlying the structure of problems appearing over the whole of man's experience and, hence, it opens an opportunity for a unified approach. With respect to the human realm it is, in Dr. Radnitzky's view, "Basically an invitation to straight thinking". What gives economics this "imperialist" power is the fact that its key concepts such as scarcity, competition, opportunities, costs, are applicable to all human phenomena and in fact to all of life. In this sense we may speak of "Universal Economics". The contributions to the volume examine what has so far been achieved by applying the Economic Approach outside the traditional field of economics. Some of these include applying it in the life sciences (Michael T. Ghiselin), in the social sciences (James S. Coleman), in the analysis of politics (Peter C. Ordeshook and Vincent Ostrom), by applying it to law (Alan Schwartz), to history (Roger Meiners and Stanley L. Engerman), in the analysis of conflict (Gordon Tullock, Jack Hirshleifer and Anthony de Jasay) and to international relations (Peter Bernholz). Each of the major papers is followed by a commentary from one or two renowned scientists and scholars.

Author : Anna Coote,Andrew Percy
Publisher : John Wiley & Sons
Page : 82 pages
File Size : 44,5 Mb
Release : 2020-02-13
Category : Political Science
ISBN : 9781509539840

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The Case for Universal Basic Services by Anna Coote,Andrew Percy Pdf

The idea that healthcare and education should be provided as universal public services to all who need them is widely accepted. But why leave it there? Why not expand it to more of life’s essentials? In their bold new book, Anna Coote and Andrew Percy argue that this transformational new policy – Universal Basic Services – is exactly what we need to save our societies and our planet. The old argument that free markets and individual choice are the best way to solve pressing problems of poverty, inequality and environmental degradation has led us to catastrophe, and must be abandoned. The authors show that expanding the principle of collective universal service provision to everyday essentials like transport, childcare and housing is not only the best way of tackling many of the biggest problems facing the contemporary world: it’s also efficient, practical and affordable. Anyone who cares about fighting for a fairer, greener and more democratic world should read this book.

Author : Gerard Radnitzky
Publisher : Unknown
Page : 446 pages
File Size : 48,6 Mb
Release : 1992
Category : Economics
ISBN : 089226103X

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Universal Economics by Gerard Radnitzky Pdf

Author : Martin Sandbu
Publisher : Princeton University Press
Page : 296 pages
File Size : 54,5 Mb
Release : 2020-06-16
Category : Business & Economics
ISBN : 9780691204529

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The Economics of Belonging by Martin Sandbu Pdf

"This is a proposal for a short book (of around 50,000 words) that speaks directly to the state we are in. The populist insurgency on both sides of the Atlantic and in Europe has deep roots in decades of mismanagement of economic and cultural change and as a result there are large groups of people who feel they no longer belong to the societies they live in, the disinfranchised, the left behind. The appeal of the anti-liberal populists who have emerged is that they convince those who feel left behind that national leaders are no longer working in their interests hence the rhetoric of 'putting America first' and 'making America great again' or the Brexiteers claining that they are 'taking back control.' In undemocractic regimes elsewhere populists play on people's feelings of insecurity in an unpredictable and fast changing world, promising security and order in exchange for democratic freedom. Liberal openness has been put on the defensive so it is up to us, electorates, politicians and policy makers, to show how an open and liberal economic system can once again belong to everyone. In the second part of the book Martin Sandbu outlines four key areas of economic policy that he believes will address not just the symptoms but the underlying causes of the current inequality which has led to so many people, especially the young and the most vulnerable being left behind. These include productivity, regional development, improved access to business finance for SMEs, and increaed representation for workers. He makes a number of other recommendaitons regarding housing, education for all, universal basic income and taxation. He concludes by saying that while these proposals add up to a radical package in total they are necessary reforms to ensure a sense of belonging and without them we could be opening the door to a radicalism which is both illiberal and undemocratic"--

Author : Dani Rodrik
Publisher : W. W. Norton & Company
Page : 272 pages
File Size : 51,9 Mb
Release : 2015-10-13
Category : Business & Economics
ISBN : 9780393246421

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Economics Rules: The Rights and Wrongs of the Dismal Science by Dani Rodrik Pdf

“A hugely valuable contribution. . . . In setting out a defence of the best in economics, Rodrik has also provided a goal for the discipline as a whole.” —Martin Sandbu, Financial Times In the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account of the discipline. Drawing on the history of the field and his deep experience as a practitioner, Rodrik argues that economics can be a powerful tool that improves the world—but only when economists abandon universal theories and focus on getting the context right. Economics Rules argues that the discipline's much-derided mathematical models are its true strength. Models are the tools that make economics a science. Too often, however, economists mistake a model for the model that applies everywhere and at all times. In six chapters that trace his discipline from Adam Smith to present-day work on globalization, Rodrik shows how diverse situations call for different models. Each model tells a partial story about how the world works. These stories offer wide-ranging, and sometimes contradictory, lessons—just as children’s fables offer diverse morals. Whether the question concerns the rise of global inequality, the consequences of free trade, or the value of deficit spending, Rodrik explains how using the right models can deliver valuable new insights about social reality and public policy. Beyond the science, economics requires the craft to apply suitable models to the context. The 2008 collapse of Lehman Brothers challenged many economists' deepest assumptions about free markets. Rodrik reveals that economists' model toolkit is much richer than these free-market models. With pragmatic model selection, economists can develop successful antipoverty programs in Mexico, growth strategies in Africa, and intelligent remedies for domestic inequality. At once a forceful critique and defense of the discipline, Economics Rules charts a path toward a more humble but more effective science.

Author : Rebecca E. Karl
Publisher : Duke University Press
Page : 232 pages
File Size : 42,8 Mb
Release : 2017-02-10
Category : History
ISBN : 9780822373322

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The Magic of Concepts by Rebecca E. Karl Pdf

In The Magic of Concepts Rebecca E. Karl interrogates "the economic" as concept and practice as it was construed historically in China in the 1930s and again in the 1980s and 1990s. Separated by the Chinese Revolution and Mao's socialist experiments, each era witnessed urgent discussions about how to think about economic concepts derived from capitalism in modern China. Both eras were highly cosmopolitan and each faced its own global crisis in economic and historical philosophy: in the 1930s, capitalism's failures suggested that socialism offered a plausible solution, while the abandonment of socialism five decades later provoked a rethinking of the relationship between history and the economic as social practice. Interweaving a critical historiography of modern China with the work of the Marxist-trained economist Wang Yanan, Karl shows how "magical concepts" based on dehistoricized Eurocentric and capitalist conceptions of historical activity that purport to exist outside lived experiences have erased much of the critical import of China's twentieth-century history. In this volume, Karl retrieves the economic to argue for a more nuanced and critical account of twentieth-century Chinese and global historical practice.

Author : Richard Davenport-Hines
Publisher : HarperCollins UK
Page : 432 pages
File Size : 51,9 Mb
Release : 2015-03-12
Category : Biography & Autobiography
ISBN : 9780007519811

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Universal Man: The Seven Lives of John Maynard Keynes by Richard Davenport-Hines Pdf

From the bestselling and award-winning author of ‘An English Affair’, a dazzlingly original thematic biography which throws fresh light on the greatest economist of the twentieth century.

Author : David Ricardo
Publisher : Unknown
Page : 566 pages
File Size : 46,6 Mb
Release : 1821
Category : Economics
ISBN : OXFORD:300151240

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On the Principles of Political Economy, and Taxation by David Ricardo Pdf

Author : Jim Stanford
Publisher : Unknown
Page : 350 pages
File Size : 51,7 Mb
Release : 2015
Category : BUSINESS & ECONOMICS
ISBN : 1783713275

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Economics for Everyone by Jim Stanford Pdf

"Economics is too important to be left to the economists. This concise and readable book provides non-specialist readers with all the information they need to understand how capitalism works (and how it doesn't). Economics for Everyone, now published in second edition, is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wages are explored, and their importance to everyday life is revealed. Stanford answers questions such as 'Do workers need capitalists?', 'Why does capitalism harm the environment?', and 'What really happens on the stock market?' The book will appeal to those working for a fairer world, and students of social sciences who need to engage with economics. It is illustrated with humorous and educational cartoons by Tony Biddle, and is supported with a comprehensive set of web-based course materials for popular economics courses."--Publisher's description.

Author : Ray Dalio
Publisher : Simon and Schuster
Page : 560 pages
File Size : 54,7 Mb
Release : 2018-08-07
Category : Business & Economics
ISBN : 9781982112387

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Principles by Ray Dalio Pdf

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

Author : Gene Sperling
Publisher : Penguin
Page : 384 pages
File Size : 52,5 Mb
Release : 2020-05-05
Category : Political Science
ISBN : 9781984879882

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Economic Dignity by Gene Sperling Pdf

“Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.

Author : James M. Buchanan
Publisher : Indianapolis : Liberty Press
Page : 300 pages
File Size : 48,5 Mb
Release : 1979
Category : Business & Economics
ISBN : UOM:49015001370106

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What Should Economists Do? by James M. Buchanan Pdf

This volume is a collection of sixteen essays on three general topics: the methodology of economics, the applicability of economic reasoning to political science and other social sciences, and the relevance of economics as moral philosophy. Several essays are published here for the first time, including "Professor Alchian on Economic Method," "Natural and Artifactual Man," and "Public Choice and Ideology." This book provides relatively easy access to a wide range of work by a moral and legal philosopher, a welfare economist who has consistently defended the primacy of the contractarian ethic, a public finance theorist, and a founder of the burgeoning subdiscipline of public choice. Buchanan's work has spawned a methodological revolution in the way economists and other scholars think about government and government activity. As a measure of recognition for his significant contribution, Dr. Buchanan was awarded the 1986 Nobel Prize in Economics.

Author : Karl Widerquist,Michael Anthony Lewis
Publisher : Routledge
Page : 352 pages
File Size : 41,9 Mb
Release : 2017-05-15
Category : Business & Economics
ISBN : 9781351890533

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The Ethics and Economics of the Basic Income Guarantee by Karl Widerquist,Michael Anthony Lewis Pdf

Governments in the US, the UK and other nations around the world routinely consider and, in some cases, experiment with reforms of their income support systems. The basic income guarantee, a universal unconditional income grant, has received increasing attention from scholars as an alternative to the kinds of reforms that have been implemented. This book explores the political, sociological, economic, and philosophical issues of the basic income guarantee. Tracing the history of the idea, from its origins in the late eighteenth century through its political vogue in the 1970s, when the Family Assistance Plan narrowly missed passage in the US Congress, it also examines the philosophical debate over the issue. The book is designed to foster a climate of ideas amongst those specifically interested in the income support policies and more widely for those concerned with public, welfare and labour economics. Its coverage will enable readers to obtain an in depth grounding in the topic, regardless of their position in the debate.