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"Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new look at how governments and externalities are linked." "Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also...
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Creating demand involves solving a puzzle that is a quirky combination of anthropology, psychology, technology, design, economics, infrastructure, and many other factors. Demand creators focus first and foremost on the behavior of people, understanding that we're all ruled by inertia, skepticism, habit, and indifference. Finding creative ways to overcome these roadblocks is all part of the fun and challenge of the great game of seeing and then bridging...
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One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and...
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This is the worst global turndown since the Great Depression. But it is highly unlikely to be as bad. The years 1929-32 saw twelve successive quarters of economic contraction. If repeated, this would mean the economic slide will continue till mid-2011. But the present contraction will be neither as deep nor as long, and this for two reasons. First, the will to International cooperation is stronger. Second, we do have Keynes.
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An entertaining and pain-free introduction to the key concepts of economics, by a Financial Times writer, this book is part field guide to economics and part exposé of the economic principles lurking behind daily events. Reporting back from Africa, Asia, Europe, and your local Starbucks, author Harford shows us the world through the eyes of an economist, and reveals that everyday events are in fact intricate games of negotiations, contests of strength,...
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Publisher description: Friedrich A. Hayek is regarded as one of the preeminent economic theorists of the twentieth century, as much for his work outside of economics as for his work within it. During a career spanning several decades, he made contributions in fields as diverse as psychology, political philosophy, the history of ideas, and the methodology of the social sciences. Bruce Caldwell--editor of The Collected Works of F.A. Hayek--understands...
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Noted economist Douglas Vickers reexamines the relationship between economics and moral philosophy. That relationship, once very strong, is again the subject of increasing attention and discussion both within and beyond the academy. Vickers reestablishes the substantial bridges between ethical philosophy and economics. He addresses three main issues: first, the historical means by which economics has consciously surrendered its original association...
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"Are mass violence and catastrophes the only forces that can seriously decrease economic inequality? To judge by thousands of years of history, the answer is yes. Tracing the global history of inequality from the Stone Age to today, Walter Scheidel shows that inequality never dies peacefully. Inequality declines when carnage and disaster strike and increases when peace and stability return. The Great Leveler is the first book to chart the crucial...
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Discusses the development of economic theories of unemployment in the nineteenth and twentieth centuries. Focuses, in particular, on the technological unemployment debate of the 1930s and the structural unemployment debate of the 1960s. Looks at how economics works as a social science.
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Monograph analysing the economic theory of Marxism as it applies to the transition of capitalism to collective economy - examines the political aspects, economic implications and historical process of decline in affluent society and the welfare State. Bibliography pp. 421 to 431 and references.
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"In her groundbreaking reporting, Naomi Klein introduced the term "disaster capitalism." Whether covering Baghdad after the U.S. occupation, Sri Lanka in the wake of the tsunami, or New Orleans post-Katrina, she witnessed something remarkably similar. People still reeling from catastrophe were being hit again, this time with economic "shock treatment," losing their land and homes to rapid-fire corporate makeovers. The Shock Doctrine retells the story...
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"Examines the underlying mechanisms through which the law, judiciary, and legal profession influence the economy. Analyzes enforcement, contracts, and property rights--the concepts collectively defining rule of law--and examines their roles in the real estate and financial sectors. Extended China analysis assesses the importance of the rule of law"--Provided by publisher.
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Explores economic theories to attempt to explain why some countries are richer than others. Argues that most differences are the result of country-specific policies which result in constraints on work practices and on the application of better production methods at the plant level. Such barriers imply differences in total factor productivity (TFP) at the aggregate level, suggesting that differences in international incomes are the result of differences...
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"The welfare system in the United States underwent profound changes as a result of the groundbreaking welfare legislation passed in 1996 entitled The Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA). The Political Economy of Welfare Reform in the United States examines in detail the legislative process that gave rise to PRWORA and presents two alternative theories to explain this process: the traditional public interests model...
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Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography, or perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. In this book the authors show that it is man-made political and economic institutions that underlie economic success (or lack of it). Based on fifteen years of original research, they marshall...
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