List books in category Business & Investing / Economics

  • The Cartoon Introduction to Economics: Volume Two: Macroeconomics

    The Cartoon Introduction to Economics: Volume Two: Macroeconomics
    Yoram Bauman, Ph.D.

    Need to understand today's economy? This is the book for you. The Cartoon Introduction to Economics, Volume Two: Macroeconomics is the most accessible, intelligible, and humorous introduction to unemployment, inflation, and debt you'll ever read.Whereas Volume One: Microeconomics dealt with the optimizing individual, Volume Two: Macroeconomics explains the factors that affect the economy of an entire country, and indeed the planet. It explores the two big concerns of macroeconomics: how economies grow and why economies collapse. It illustrates the basics of the labor market and explains what the GDP is and what it measures, as well as the influence of government, trade, and technology on the economy. Along the way, it covers the economics of global poverty, climate change, and the business cycle. In short, if any of these topics have cropped up in a news story and caused you to wish you grasped the underlying basics, buy this book.

  • Common Sense Economics: What Everyone Should Know About Wealth and Prosperity

    Common Sense Economics: What Everyone Should Know About Wealth and Prosperity
    James D. Gwartney

    With the global economy recovering from a steep recession, and with that recovery challenging our long-held ideas about what careers and the market can be, learning the basics of economics has never been more essential. Principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk continue to be critically important to the way America's economy functions, and critically important to understand for those hoping to further their professional lives – even their personal lives. Common Sense Economics discusses key points and theories, using them to show how any reader can make wiser personal choices and form more informed positions on policy. Now in its third edition, this fully updated classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini reflects on the recession and the progress that's been made since the crash; it offers insight into political processes and the many ways in which economics informs policy, illuminating our world and what might be done to make it better.

  • Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream

    Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream
    Jonathan Gruber

    The untold story of how America once created the most successful economy the world has ever seen and how we can do it again.The American economy glitters on the outside, but the reality is quite different. Job opportunities and economic growth are increasingly concentrated in a few crowded coastal enclaves. Corporations and investors are disproportionately developing technologies that benefit the wealthiest Americans in the most prosperous areas–and destroying middle class jobs elsewhere. To turn this tide, we must look to a brilliant and all-but-forgotten American success story and embark on a plan that will create the industries of the future–and the jobs that go with them.Beginning in 1940, massive public investment generated breakthroughs in science and technology that first helped win WWII and then created the most successful economy the world has ever seen. Private enterprise then built on these breakthroughs to create new industries–such as radar, jet engines, digital computers, mobile telecommunications, life-saving medicines, and the internet– that became the catalyst for broader economic growth that generated millions of good jobs. We lifted almost all boats, not just the yachts.Jonathan Gruber and Simon Johnson tell the story of this first American growth engine and provide the blueprint for a second. It's a visionary, pragmatic, sure-to-be controversial plan that will lead to job growth and a new American economy in places now left behind.

  • Invisible Women: Data Bias in a World Designed for Men

    Invisible Women: Data Bias in a World Designed for Men
    Caroline Criado Perez

    Data is fundamental to the modern world. From economic development, to healthcare, to education and public policy, we rely on numbers to allocate resources and make crucial decisions. But because so much data fails to take into account gender, because it treats men as the default and women as atypical, bias and discrimination are baked into our systems. And women pay tremendous costs for this bias, in time, money, and often with their lives. Celebrated feminist advocate Caroline Criado Perez investigates shocking root cause of gender inequality and research in Invisible Women†‹, diving into women’s lives at home, the workplace, the public square, the doctor’s office, and more. Built on hundreds of studies in the US, the UK, and around the world, and written with energy, wit, and sparkling intelligence, this is a groundbreaking, unforgettable exposé that will change the way you look at the world.

  • Society and Economy in Colonial Connecticut

    Society and Economy in Colonial Connecticut
    Jackson Turner Main

    A pioneer in American social history, Jackson Turner Main presents the first continuous and detailed picture of the economic and social structure of an American colony from its founding up to the Revolution.Originally published in 1985.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

  • Freakonomics Rev Ed: A Rogue Economist Explores the Hidden Side of Everything

    Freakonomics Rev Ed: A Rogue Economist Explores the Hidden Side of Everything
    Steven D. Levitt

    Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime?These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life—from cheating and crime to sports and child-rearing—and whose conclusions turn conventional wisdom on its head. Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics.Through forceful storytelling and wry insight, Levitt and Dubner show that economics is, at root, the study of incentives—how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, they explore the hidden side of . . . well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan. What unites all these stories is a belief that the modern world, despite a great deal of complexity and downright deceit, is not impenetrable, is not unknowable, and—if the right questions are asked—is even more intriguing than we think. All it takes is a new way of looking. Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.Bonus material added to the revised and expanded 2006 editionThe original New York Times Magazine article about Steven D. Levitt by Stephen J. Dubner, which led to the creation of this book.Seven “Freakonomics” columns written for the New York Times Magazine, published between August 2005 and April 2006.Selected entries from the Freakonomics blog, posted between April 2005 and May 2006 at http://www.freakonomics.com/blog/.

  • Financial Econometrics: Models and Methods

    Financial Econometrics: Models and Methods
    Oliver Linton

    This is a thorough exploration of the models and methods of financial econometrics by one of the world's leading financial econometricians and is for students in economics, finance, statistics, mathematics, and engineering who are interested in financial applications. Based on courses taught around the world, the up-to-date content covers developments in econometrics and finance over the last twenty years while ensuring a solid grounding in the fundamental principles of the field. Care has been taken to link theory and application to provide real-world context for students. Worked exercises and empirical examples have also been included to make sure complicated concepts are solidly explained and understood.

  • Au Revoir to All That: Food, Wine, and the End of France

    Au Revoir to All That: Food, Wine, and the End of France
    Michael Steinberger

    France is in a rut, and so is French cuisine. Twenty-five years ago it was hard to have a bad meal in France; now, in some cities and towns, it is a challenge to find a good one. For the first time in the annals of modern cuisine, the most influential chefs and the most talked-about restaurants in the world are not French. Within France, large segments of the wine industry are in crisis, cherished artisanal cheeses are threatened with extinction, and bistros and brasseries are disappearing at an alarming rate. But business is brisk at some establishments: Astonishingly, France has become the second most-profitable market in the world for McDonald's. In an enviable trip through the traditional pleasures of France, Steinberger talks to top chefs-Ducasse, Gagnaire, Bocuse-winemakers, farmers, bakers, and other artisans. He visits the Elysée Palace, interviews the head of McDonald's Europe, marches down a Paris boulevard with Jose Bove, and breaks bread with the editorial director of the powerful and secretive Michelin Guide. He spends hours with some of France's brightest young chefs and winemakers, who are battling to reinvigorate the country's rich culinary heritage. Throughout, Steinberger remains an unabashed and steadfast Francophile, and his own sharp and funny reflections bring empathy to this striking portrait of a cuisine and a country in transition.

  • SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance

    SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance
    Steven D. Levitt

    Freakonomics lived on the New York Times bestseller list for an astonishing two years. Now authors Steven D. Levitt and Stephen J. Dubner return with more iconoclastic insights and observations in SuperFreakonomics—the long awaited follow-up to their New York Times Notable blockbuster. Based on revolutionary research and original studies SuperFreakonomics promises to once again challenge our view of the way the world really works.

  • Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World

    Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World
    Oliver Bullough

    Inc.com 5 Business Thrillers to Read on the Beach This Summer * Amazon Best Book of the Month – Nonfiction * An Economist Book of the Year * The Sunday Times Business Book of the Year"If you want to know why international crooks and their eminently respectable financial advisors walk tall and only the little people pay taxes, this is the ideal book for you. Every politician and moneyman on the planet should read it, but they won't because it's actually about them." —John le Carré, author of A Legacy of Spies An investigative journalist's deep dive into the corrupt workings of the world's kleptocrats.From ruined towns on the edge of Siberia, to Bond-villain lairs in London and Manhattan, something has gone wrong. Kleptocracies, governments run by corrupt leaders that prosper at the expense of their people, are on the rise. Once upon a time, if an official stole money, there wasn't much he could do with it. He could buy himself a new car or build himself a nice house or give it to his friends and family, but that was about it. If he kept stealing, the money would just pile up in his house until he had no rooms left to put it in, or it was eaten by mice. And then some bankers had a bright idea. Join the investigative journalist Oliver Bullough on a journey into Moneyland—the secret country of the lawless, stateless superrich. Learn how the institutions of Europe and the United States have become money-laundering operations, attacking the foundations of many of the world's most stable countries. Meet the kleptocrats. Meet their awful children. And find out how heroic activists around the world are fighting back. This is the story of wealth and power in the 21st century. It isn't too late to change it.

  • Capital in the Twenty-First Century

    Capital in the Twenty-First Century
    Thomas Piketty

    The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

  • Trekonomics: The Economics of Star Trek

    Trekonomics: The Economics of Star Trek
    Manu Saadia

    "Manu Saadia has managed to show us one more reason, perhaps the most compelling one of all, why we all need the world of Star Trek to one day become the world we live in." — Chris Black, Writer and Co-Executive Producer, Star Trek: Enterprise What would the world look like if everybody had everything they wanted or needed? Trekonomics, the premier book in financial journalist Felix Salmon's imprint PiperText, approaches scarcity economics by coming at it backwards — through thinking about a universe where scarcity does not exist. Delving deep into the details and intricacies of 24th century society, Trekonomics explores post-scarcity and whether we, as humans, are equipped for it. What are the prospects of automation and artificial intelligence? Is there really no money in Star Trek? Is Trekonomics at all possible?

  • When to Rob a Bank: ...And 131 More Warped Suggestions and Well-Intended Rants

    When to Rob a Bank: …And 131 More Warped Suggestions and Well-Intended Rants
    Steven D. Levitt

    In celebration of the 10th anniversary of the landmark book Freakonomics comes this curated collection from the most readable economics blog in the universe. It’s the perfect solution for the millions of readers who love all things Freakonomics. Surprising and erudite, eloquent and witty, When to Rob a Bank demonstrates the brilliance that has made the Freakonomics guys an international sensation, with more than 7 million books sold in 40 languages, and 150 million downloads of their Freakonomics Radio podcast.When Freakonomics was first published, the authors started a blog—and they’ve kept it up. The writing is more casual, more personal, even more outlandish than in their books. In When to Rob a Bank, they ask a host of typically off-center questions: Why don’t flight attendants get tipped? If you were a terrorist, how would you attack? And why does KFC always run out of fried chicken?Over the past decade, Steven D. Levitt and Stephen J. Dubner have published more than 8,000 blog posts on the Freakonomics website. Many of them, they freely admit, were rubbish. But now they’ve gone through and picked the best of the best. You’ll discover what people lie about, and why; the best way to cut gun deaths; why it might be time for a sex tax; and, yes, when to rob a bank. (Short answer: never; the ROI is terrible.) You’ll also learn a great deal about Levitt and Dubner’s own quirks and passions, from gambling and golf to backgammon and the abolition of the penny.

  • The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, Edition 3

    The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, Edition 3
    Bernard Baumohl

    For years, investors, business strategists, and policymakers worldwide have turned to one book to help them translate the massive flow of economic data into knowledge for intelligent decision-making. The Wall Street Journal called this book "…the real deal," saying it "miraculously breathes life into economic indicators and statistics." That book is Bernie Baumohl’s classic best-seller The Secrets of Economic Indicators. Now, in a brand-new Third Edition, Baumohl has thoroughly updated his classic to reflect the latest US and foreign economic indicators, and brand-new insights into what all of today’s leading indicators mean. Baumohl introduces dozens of new, forward-looking economic markers, including those that monitor small business plans, freight traffic shifts, web searches, and even gambling. He also presents several real-time foreign indicators for anticipating swings in European and Asian economies. He explains what’s happened to the global and domestic U.S. economy in recent years, showing how financial crises impact investments, strategy, and economic indicators. New graphics more clearly illuminate how key indicators impact interest rates, bond and stock prices, and currency values; and hundreds of websites containing US and global economic indicators have been updated. This classic book has long been considered an invaluable resource by professionals who need to understand the true meaning of the latest economic trends. With this new edition, Bernie Baumohl has made it even more useful.

  • Scarcity: Why Having Too Little Means So Much

    Scarcity: Why Having Too Little Means So Much
    Sendhil Mullainathan

    A surprising and intriguing examination of how scarcity—and our flawed responses to it—shapes our lives, our society, and our cultureWhy do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all examples of a mind-set produced by scarcity.Drawing on cutting-edge research from behavioral science and economics, Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need. Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money. The dynamics of scarcity reveal why dieters find it hard to resist temptation, why students and busy executives mismanage their time, and why sugarcane farmers are smarter after harvest than before. Once we start thinking in terms of scarcity and the strategies it imposes, the problems of modern life come into sharper focus.Mullainathan and Shafir discuss how scarcity affects our daily lives, recounting anecdotes of their own foibles and making surprising connections that bring this research alive. Their book provides a new way of understanding why the poor stay poor and the busy stay busy, and it reveals not only how scarcity leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and success.

  • The Economics Book

    The Economics Book
    DK

    The Economics Book clearly and simply explains more than one hundred groundbreaking ideas in economics, from the earliest experiences of trade to global economic crises.Using easy-to-follow graphics and artworks, succinct quotations, and thoroughly accessible text, The Economics Book makes abstract concepts of money and trade concrete. The Economics Book includes innovative ideas from the history of economics, from Thomas Aquinas' rules of markets and morality to Jeffrey Sachs' theories on international debt relief. Learn about the earliest ideas in economics, such as property rights and the function of money, and progress to present-day economic thought, from explanations on economic bubbles to the relationship between economics and the environment.The Economics Book includes:- More than 100 key ideas and principles in economic thought, from antiquity to present day- Brief biographies and context boxes to give the full historical context of each idea- A reference section with a glossary of economic terms and a directory of economic thinkersThe clear and concise summaries, graphics, and quotations in The Economics Book will help even the complete novice understand the fascinating world of economic thought.

  • Economics For Dummies: Edition 2

    Economics For Dummies: Edition 2
    Peter Antonioni

    Untangle the jargon and understand how you're involved in everyday economics If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession. This updated edition walks you through the history, principles and theories of economics as well as breaking down all the complicated terminology, leaving you clued up on economics in no time. Getting to grips – explore the science of economics and how people deal with scarcity Keeping an eye on it – learn all about macroeconomics and how economists keep track of everything Watch patterns emerge – understand why monitoring consumer behaviour is vital and all you need to know about microeconomics Your recession guide – expert advice on recessions and a detailed look at why they occur Open the book and find: Why you should care about economics and how it affects you Tools to help you understand a recession A guide to seductive economic fallacies All you need to know on monetary and fiscal policies How supply and demand can be made easy Why it's vital to track consumer choices An in-depth look at a profit-maximising firm and the core of capitalism Guidance on property rights and wrongs Learn to: Look through economic history and spot the trends Understand micro- and macroeconomics Get to grips with consumer behaviour and its influence on the economy Spot the signs of a recession and see how economic decisions affect you

  • Private Government: How Employers Rule Our Lives (and Why We Don t Talk about It)

    Private Government: How Employers Rule Our Lives (and Why We Don’t Talk about It)
    Elizabeth Anderson

    Why our workplaces are authoritarian private governments—and why we can't see itOne in four American workers says their workplace is a "dictatorship." Yet that number probably would be even higher if we recognized most employers for what they are—private governments with sweeping authoritarian power over our lives, on duty and off. We normally think of government as something only the state does, yet many of us are governed far more—and far more obtrusively—by the private government of the workplace. In this provocative and compelling book, Elizabeth Anderson argues that the failure to see this stems from long-standing confusions. These confusions explain why, despite all evidence to the contrary, we still talk as if free markets make workers free—and why so many employers advocate less government even while they act as dictators in their businesses.In many workplaces, employers minutely regulate workers' speech, clothing, and manners, leaving them with little privacy and few other rights. And employers often extend their authority to workers' off-duty lives. Workers can be fired for their political speech, recreational activities, diet, and almost anything else employers care to govern. Yet we continue to talk as if early advocates of market society—from John Locke and Adam Smith to Thomas Paine and Abraham Lincoln—were right when they argued that it would free workers from oppressive authorities. That dream was shattered by the Industrial Revolution, but the myth endures.Private Government offers a better way to talk about the workplace, opening up space for discovering how workers can enjoy real freedom.Based on the prestigious Tanner Lectures delivered at Princeton University's Center for Human Values, Private Government is edited and introduced by Stephen Macedo and includes commentary by cultural critic David Bromwich, economist Tyler Cowen, historian Ann Hughes, and philosopher Niko Kolodny.

  • Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

    Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
    L. Randall Wray

    In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

  • The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster

    The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster
    Laurence M. Ball

    The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. Ever since the bankruptcy, there has been heated debate about why the Federal Reserve did not rescue Lehman in the same way it rescued other financial institutions, such as Bear Stearns and AIG. The Fed's leaders from that time, especially former Chairman Ben Bernanke, have strongly asserted that they lacked the legal authority to save Lehman because it did not have adequate collateral for the loan it needed to survive. Based on a meticulous four-year study of the Lehman case, The Fed and Lehman Brothers debunks the official narrative of the crisis. It shows that in reality, the Fed could have rescued Lehman but officials chose not to because of political pressures and because they underestimated the damage that the bankruptcy would do to the economy. The compelling story of the Lehman collapse will interest anyone who cares about what caused the financial crisis, whether the leaders of the Federal Reserve have given accurate accounts of their actions, and how the Fed can prevent future financial disasters.

  • The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality

    The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality
    Brink Lindsey

    For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. They also detail the most important cases of regulatory barriers that have worked to shield the powerful from the rigors of competition, thereby inflating their incomes: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and how to improve the social tensions they are sparking.

  • Austerity: When It Works and When It Doesn t

    Austerity: When It Works and When It Doesn’t
    Alberto Alesina

    A timely and incisive look at austerity measures that succeed—and those that don’tFiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today’s leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many.Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis.Bringing needed clarity to one of today’s most challenging subjects, Austerity charts a sensible approach based on data analysis rather than ideology.

  • Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain

    Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain
    Steven D. Levitt

    The New York Times bestselling Freakonomics changed the way we see the world, exposing the hidden side of just about everything. Then came SuperFreakonomics, a documentary film, an award-winning podcast, and more.Now, with Think Like a Freak, Steven D. Levitt and Stephen J. Dubner have written their most revolutionary book yet. With their trademark blend of captivating storytelling and unconventional analysis, they take us inside their thought process and teach us all to think a bit more productively, more creatively, more rationally—to think, that is, like a Freak.Levitt and Dubner offer a blueprint for an entirely new way to solve problems, whether your interest lies in minor lifehacks or major global reforms. As always, no topic is off-limits. They range from business to philanthropy to sports to politics, all with the goal of retraining your brain. Along the way, you’ll learn the secrets of a Japanese hot-dog-eating champion, the reason an Australian doctor swallowed a batch of dangerous bacteria, and why Nigerian e-mail scammers make a point of saying they’re from Nigeria.Some of the steps toward thinking like a Freak: First, put away your moral compass—because it’s hard to see a problem clearly if you’ve already decided what to do about it. Learn to say “I don’t know”—for until you can admit what you don’t yet know, it’s virtually impossible to learn what you need to. Think like a child—because you’ll come up with better ideas and ask better questions. Take a master class in incentives—because for better or worse, incentives rule our world. Learn to persuade people who don’t want to be persuaded—because being right is rarely enough to carry the day. Learn to appreciate the upside of quitting—because you can’t solve tomorrow’s problem if you aren’t willing to abandon today’s dud.Levitt and Dubner plainly see the world like no one else. Now you can too. Never before have such iconoclastic thinkers been so revealing—and so much fun to read.

  • The Intelligent Investor, Rev. Ed

    The Intelligent Investor, Rev. Ed
    Benjamin Graham

    The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of “value investing”—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949.Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

  • Progress Vs Parasites: A Brief History of the Conflict that s Shaped our World

    Progress Vs Parasites: A Brief History of the Conflict that’s Shaped our World
    Douglas Carswell

    The change in our ancestors' behaviour was barely perceptible at first. Only a few clues in the archaeological record – sea shells, ochre and stone tools exchanged over long distances – hint at what was to come. Today, a network of interdependence and trade spans the planet – lifting most of our species out of the grinding poverty of the past. But for much of history this engine of human progress stalled, with societies rigged in the interests of small parasitic elites. From the Greeks and Romans in antiquity, to China, India and Europe in the Middle Ages, the history of the world can be written as the constant struggle between the productive and the parasitic. Progress Vs Parasites charts this struggle. States rise and empires fall as the balance between the two shifts. It is the idea of freedom, Carswell argues, that ultimately allows the productive to escape the parasitic – and thus decides whether a society flourishes or flounders. A robust defence of classical liberalism, Progress Vs Parasites shows that the greatest threat to human progress today – as it has been in every age – is the idea that human affairs need to be ordered by top down design.

  • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated): Edition 2

    Naked Economics: Undressing the Dismal Science (Fully Revised and Updated): Edition 2
    Charles Wheelan

    "Clear, concise, informative, witty and, believe it or not, entertaining." —Chicago Tribune Finally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives readers the tools they need to engage with pleasure and confidence in the deeply relevant, not so dismal science. This revised and updated edition adds commentary on hot topics, including the current economic crisis, globalization, the economics of information, the intersection of economics and politics, and the history—and future—of the Federal Reserve.

  • Microeconomics for Managers, 2nd Edition

    Microeconomics for Managers, 2nd Edition
    David M. Kreps

    A thoroughly revised new edition of a leading textbook that equips MBA students with the powerful tools of economicsThis is a thoroughly revised and substantially streamlined new edition of a leading textbook that shows MBA students how understanding economics can help them make smarter and better-informed real-world management decisions. David Kreps, one of the world’s most influential economists, has developed and refined Microeconomics for Managers over decades of teaching at Stanford’s Graduate School of Business. Stressing game theory and strategic thinking and driven by in-depth, integrated case studies, the book shows future managers how economics can provide practical answers to critical business problems.Focuses on case studies and real companies, such as Amazon, Microsoft, General Motors, United Airlines, and XeroxCovers essential topics for future managers—including price discrimination, Porter’s five forces, risk sharing and spreading, signaling and screening, credibility and reputation, and economics and organizational behaviorFeatures an online supplement (available at micro4managers.stanford.edu) for students that provides solutions to the problems in the book, longer caselike exercises, review problems, a calculus review, and more

  • Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

    Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist
    Kate Raworth

    A Financial Times "Best Book of 2017: Economics” 800-CEO-Read “Best Business Book of 2017: Current Events & Public Affairs” Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

  • Managing the Research University

    Managing the Research University
    Dean O. Smith

    Managing the Research University provides a comprehensive background and discussion of all major topics encountered routinely in managing the academic research enterprise. It serves as a surrogate mentor by providing advice and guidance on best practices that set the professional standards for academic research management.

  • The Broken Ladder: How Inequality Affects the Way We Think, Live, and Die

    The Broken Ladder: How Inequality Affects the Way We Think, Live, and Die
    Keith Payne

    A timely examination by a leading scientist of the physical, psychological, and moral effects of inequality. Today’s inequality is on a scale that none of us has seen in our lifetimes, yet this disparity between rich and poor has ramifications that extend far beyond mere financial means. In The Broken Ladder psychologist Keith Payne examines how inequality divides us not just economically, but has profound consequences for how we think, how our cardiovascular systems respond to stress, how our immune systems function, and how we view moral ideas like justice and fairness. Experiments in psychology, neuroscience, and behavioral economics have not only revealed important new insights on how inequality changes people in predictable ways, but have provided a corrective to our flawed way of viewing poverty as the result of individual character failings. Among modern, developed societies, economic inequality is not primarily about money, but rather about relative status: where we stand in relation to other people. Regardless of their average income, countries or states with greater levels of income inequality have much higher rates of all the social problems we associate with poverty, including lower average life expectancies, serious health issues, mental illness, and crime. The Broken Ladder explores such issues as why women in poor societies often have more children, and have them younger; why there is little trust among the working class that investing for the future will pay off; why people’s perception of their relative social status affects their political beliefs, and why growing inequality leads to greater political divisions; how poverty raises stress levels in the same way as a physical threat; inequality in the workplace, and how it affects performance; why unequal societies become more religious; and finally offers measures people can take to lessen the harm done by inequality in their own lives and the lives of their children.

  • Productivity and Prosperity: A Historical Sociology of Productivist Thought

    Productivity and Prosperity: A Historical Sociology of Productivist Thought
    Karen R. Foster

    Despite Canada’s economic success over the past thirty years, the country’s ranking in productivity has continued to decline when compared to other industrialized nations. Economic experts and pundits repeatedly call for means of improving productivity, arguing that it is the lynchpin to prosperity. However, there is growing evidence to the contrary. In Productivity and Prosperity, Karen Foster zeroes in on the paradox of productivity: that it is the key to economic prosperity and yet its connection to well-being and median incomes has all but disappeared. Drawing together three case studies including the development of Statistics Canada, the National Productivity Council, and the evolution of the Atlantic Canada Opportunities Agency, Foster argues that there is a ‘productivist regime’ guiding policy development in Canada and abroad. By analyzing and critiquing the inherent assumptions of productivism the author destabilizes the myth that economic growth is essential for quality of life.

  • Disassembly Required: A Field Guide to Actually Existing Capitalism

    Disassembly Required: A Field Guide to Actually Existing Capitalism
    Geoff Mann

    "Geoff Mann is a new breed of monkey-wrencher. He knows that contemporary capitalism has a perverse habit of dismantling itself and gives us a toolkit to build a new, more socially just edifice."—Andy Merrifield, Magical Marxism"Insightful and incisive, thoughtful and thorough, filled with new avenues for thinking about resistence. Pass this one by at your own peril."—Matt Hern, Common Ground in a Liquid CityTo imagine how we might change capitalism, we first need to understand it. To succeed in actually changing it, we need to be able to explain how it works and convince others that change is both possible and necessary. Disassembly Required is an attempt to meet those challenges, and to offer clear, accessible alternatives to the status quo of everyday capitalism.Originally crafted as a comprehensive overview for younger readers, Geoff Mann's explanation of the fundamental features of contemporary capitalism is illustrated with real-world examples?an ideal introduction for anyone wanting to learn more about what capitalism is and where it falls short. What emerges is an anti-capitalist critique that fully understands the complex, dynamic, robust organizational machine of modern economic life, digging deep into the details of capitalist institutions and the relations that justify them to unearth the politically indefensible and ecologically unsustainable premises that underlie them.Geoff Mann teaches political economy and economic geography at Simon Fraser University, where he directs the Centre for Global Political Economy. He is the author of Our Daily Bread: Wages, Workers and the Political Economy of the American West (2007) and a frequent contributor to Historical Materialism and New Left Review.

  • Irrational Exuberance: Revised and Expanded Third Edition, Edition 3

    Irrational Exuberance: Revised and Expanded Third Edition, Edition 3
    Robert J. Shiller

    In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize–winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008–9 financial crisis. With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, Irrational Exuberance is as relevant as ever. Previous editions covered the stock and housing markets—and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity—and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.

  • Democracy at Work: A Cure for Capitalism

    Democracy at Work: A Cure for Capitalism
    Richard D. Wolff

    “Ideas of economic democracy are very much in the air, as they should be, with increasing urgency in the midst of today’s serious crises. Richard Wolff’s constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times.”—Noam Chomsky "Probably America's most prominent Marxist economist."—The New York Times Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve. One key cause for this intolerable state of affairs is the lack of genuine democracy in our economy as well as in our politics. The solution requires the institution of genuine economic democracy, starting with workers managing their own workplaces, as the basis for a genuine political democracy. Here Richard D. Wolff lays out a hopeful and concrete vision of how to make that possible, addressing the many people who have concluded economic inequality and politics as usual can no longer be tolerated and are looking for a concrete program of action. Richard D. Wolff is professor of Economics emeritus at the University of Massachusetts, Amherst. He is currently a visiting professor at the New School University in New York. Wolff is the author of many books, including Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. He hosts the weekly hour-long radio program Economic Update on WBAI (Pacifica Radio) and writes regularly for The Guardian, Truthout.org, and the MRZine.

  • FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk

    FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk
    Majid Bazarbash

    Recent advances in digital technology and big data have allowed FinTech (financial technology) lending to emerge as a potentially promising solution to reduce the cost of credit and increase financial inclusion. However, machine learning (ML) methods that lie at the heart of FinTech credit have remained largely a black box for the nontechnical audience. This paper contributes to the literature by discussing potential strengths and weaknesses of ML-based credit assessment through (1) presenting core ideas and the most common techniques in ML for the nontechnical audience; and (2) discussing the fundamental challenges in credit risk analysis. FinTech credit has the potential to enhance financial inclusion and outperform traditional credit scoring by (1) leveraging nontraditional data sources to improve the assessment of the borrower’s track record; (2) appraising collateral value; (3) forecasting income prospects; and (4) predicting changes in general conditions. However, because of the central role of data in ML-based analysis, data relevance should be ensured, especially in situations when a deep structural change occurs, when borrowers could counterfeit certain indicators, and when agency problems arising from information asymmetry could not be resolved. To avoid digital financial exclusion and redlining, variables that trigger discrimination should not be used to assess credit rating.

  • Economic Origins of Dictatorship and Democracy

    Economic Origins of Dictatorship and Democracy
    Daron Acemoglu

    This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are not credible, elites may be forced to create democracy. By democratizing, elites credibly transfer political power to the citizens, ensuring social stability. Democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization.

  • How Money Got Free: Bitcoin and the Fight for the Future of Finance

    How Money Got Free: Bitcoin and the Fight for the Future of Finance
    Brian Patrick Eha

    In the space of a few years, Bitcoin has gone from an idea ignored or maligned by almost everyone to an asset with a market cap of more than $12 billion. Venture capital firms, Goldman Sachs, the New York Stock Exchange, and billionaires such as Richard Branson and Peter Thiel have invested more than $1 billion in companies built on this groundbreaking technology. Bill Gates has even declared it ‘better than currency’.But can its early promise endure? Or will the next evolution of money be neutered as it goes mainstream? The pioneers of Bitcoin were twenty-first-century outlaws – cryptographers, hackers, Free Staters, ex-cons and drug dealers, teenage futurists and self-taught entrepreneurs – armed with a renegade ideology and a grudge against big government and big banks. Now those same institutions are threatening to co-opt or curtail the impact of digital currency. But the pioneers, some of whom have become millionaires themselves, aren’t going down without a fight. Sweeping and provocative, How Money Got Free reveals how this disruptive technology is shaping the debate around competing ideas of money and liberty, and what that means for our future.

  • Globalization: A Very Short Introduction: Edition 4

    Globalization: A Very Short Introduction: Edition 4
    Manfred B. Steger

    'Globalization' has become one of the defining buzzwords of our time – a term that describes a variety of accelerating economic, political, cultural, ideological, and environmental processes that are rapidly altering our experience of the world. It is by its nature a dynamic topic. This Very Short Introduction has been fully updated for a fourth edition, to include recent developments in global politics, the global economy, and environmental issues. Presenting globalization as a multifaceted process encompassing global, regional, and local aspects of social life, Manfred B. Steger looks at its causes and effects, examines whether it is a new phenomenon, and explores the question of whether, ultimately, globalization is a good or a bad thing. In this fourth edition Steger discusses some of the key features of recent years, such as the EU fiscal crisis, the rise of robot technology and new war technology with civilian usage such as drones, the Ebola epidemic in West Africa, and new identity discussions around gender fluidity and sex change in the media. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

  • Market Institutions in Sub-Saharan Africa: Theory and Evidence

    Market Institutions in Sub-Saharan Africa: Theory and Evidence
    Marcel Fafchamps

    An analysis of recent data on the economic behavior of market institutions in sub-Saharan Africa, with implications for future research and current policy.In Market Institutions in Sub-Saharan Africa, Marcel Fafchamps synthesizes the results of recent surveys of indigenous market institutions in twelve countries, including Benin, Ghana, Kenya, Madagascar, Malawi, and Zimbabwe, and presents findings about economics exchange in Africa that have implications both for future research and current policy. Employing empirical data as well as theoretical models that clarify the data, Fafchamps takes as his unifying principle the difficulties of contract enforcement. Arguing that in an unpredictable world contracts are not always likely to be respected, he shows that contract agreements in sub-Saharan Africa are affected by the absence of large hierarchies (both corporate and governmental) and as a result must depend to a greater degree than in more developed economies on social networks and personal trust. Fafchamps considers policy recommendations as they apply to countries in three different stages of development: countries with undeveloped market institutions, like Ghana; countries at an intermediate stage, like Kenya; and countries with developed market institutions, like Zimbabwe.Market Institutions in Sub-Saharan Africa caps ten years of personal research by the author. Fafchamps, in collaboration with such institutions as the Africa Division of the World Bank and the International Food Policy Research Institute, participated in the surveys of manufacturing firms and agricultural traders that provide the empirical basis for the book. The result is a work that makes a significant contribution to research on the continuing economic stagnation of many countries in sub-Saharan Africa and is also largely accessible to researchers in other fields and policy professionals.

  • Uneasy Partners: The Conflict Between Public Interest and Private Profit in Hong Kong

    Uneasy Partners: The Conflict Between Public Interest and Private Profit in Hong Kong
    Leo F. Goodstadt

    The mixture of different interested parties, from the elite locals, made up mostly of businessmen, the British Hongs, the expatriate civil servants and their local counterparts, the British Government and its Foreign Office gurus, the mainland Chinese and last but not least the people of Hong Kong, makes for a drama that quickens the pace of this important and serious book and makes it immensely readable. It is nevertheless a sombre account of a rather sad story with endless missed opportunities to do the right thing." – Simon Murray, CBE, former Group Managing Director of Hutchison Whampoa and Asia-Pacific Executive Chairman of Deutsche Bank In Uneasy Partners, Leo Goodstadt draws on his vast experience of government and business in Hong Kong to put forward a provocative and challenging account, part praise, part indictment, of how government and business in Hong Kong transformed a poor refugee community into one of the world's great cities and created a hugely successful economy. The core of the book is a penetrating appraisal of the often paradoxical partnership between government and business and its considerable political and social costs. The principal actors in the story are the colonial rulers who were prepared to sacrifice Britain's diplomatic interests and the interests of British companies in order to ensure Hong Kong's survival, and their chosen allies from the Chinese business elite. British officials believed that economic growth and the survival of colonial rule depended on collaboration with Chinese capitalism and cooperation with China's communist rulers. The book identifies how the community set limits to these relationships, preventing the blatant sell-out of the public's wellbeing to British, Mainland or local business interests. It reviews how colonial officials defied London's proposals for political and social reform, fought for economic and financial autonomy and refused to protect the pound sterling. It identifies Beijing's financial gains from the colonial policies that provided China with a secure international business base throughout the Cold War. Other chapters assess the belated drive against wholesale corruption, the decline of British commercial conglomerates, the ascendancy of HSBC, and the contribution of businessmen from Shanghai. The story goes on beyond the British departure and explains how the Chinese Government's decision to retain the political system of the colonial era handicapped the new leadership in responding to the changing political and social expectations of the community.

  • How an Economy Grows and Why It Crashes

    How an Economy Grows and Why It Crashes
    Peter D. Schiff

    Straight answers to every question you've ever had about how the economy works and how it affects your life In this Collector's Edition of their celebrated How an Economy Grows and Why It Crashes, Peter Schiff, economic expert and bestselling author of Crash Proof and The Real Crash, once again teams up with his brother Andrew to spin a lively economic fable that untangles many of the fallacies preventing people from really understanding what drives an economy. The 2010 original has been described as a “Flintstones” take economics that entertainingly explains the beauty of free markets. The new edition has been greatly expanded in both quantity and quality. A new introduction and two new illustrated chapters bring the story up to date, and most importantly, the book makes the jump from black and white to full and vivid color. With the help of colorful cartoon illustrations, lively humor, and deceptively simple storytelling, the Schiff's bring the complex subjects of inflation, monetary policy, recession, and other important topics in economics down to Earth. The story starts with three guys on an island who barely survive by fishing barehanded. Then one enterprising islander invents a net, catches more fish, and changes the island’s economy fundamentally. Using this story the Schiffs apply their signature take-no-prisoners logic to expose the glaring fallacies and gaping holes permeating the global economic conversation. The Collector’s Edition: Provides straight answers about how economies work, without relying on nonsensical jargon and mind-numbing doublespeak the experts use to cover up their confusion Includes a new introduction that sets the stage for developing a deeper, more practical understanding of inflation and the abuses of the monetary system Adds two new chapters that dissect the Federal Reserve’s Quantitative easing policies and the European Debt Crisis. Colorizes the original book's hundreds of cartoon illustrations. The improved images, executed by artist Brendan Leach from the original book, add new vigor to the presentation Has a larger format that has been designed to fit most coffee tables. While the story may appear simple on the surface, as told by the Schiff brothers, it will leave you with a deep understanding of How an Economy Grows and Why It Crashes.

  • Basic Economics

    Basic Economics
    Thomas Sowell

    The bestselling citizen's guide to economicsBasic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

  • Handbook of Game Theory and Industrial Organization, Volume I: Volume 1

    Handbook of Game Theory and Industrial Organization, Volume I: Volume 1
    Luis C. Corchón

    The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.

  • Enough: Why the World s Poorest Starve in an Age of Plenty

    Enough: Why the World’s Poorest Starve in an Age of Plenty
    Roger Thurow

    For more than thirty years, humankind has known how to grow enough food to end chronic hunger worldwide. Yet in Africa, more than 9 million people every year die of hunger, malnutrition, and related diseases every year—most of them children. In this powerful investigative narrative, Wall Street Journal reporters Kilman & Thurow show exactly how, in the past few decades, Western policies conspired to keep Africa hungry and unable to feed itself. Enough is essential reading on a humanitarian issue of utmost urgency.

  • The Essential Adam Smith

    The Essential Adam Smith
    Adam Smith

    Few writings are more often cited as a cornerstone of modern economic thought than those of Adam Smith. Few are less read. The sheer strength of his great work, The Wealth of Nations, discourages many from attempting to explore its rich and lucid arguments. In this brilliantly crafted volume, one of the most eminent economists of our day provides a generous selection from the entire body of Smith's work, ranging from his fascinating psychological observations on human nature to his famous treatise on what Smith called a "society of natural liberty," The Wealth of Nations. Among the works represented in this volume in addition to The Wealth of Nations are The History of Astronomy, Lectures on Jurisprudence, The Theory of Moral Sentiments, and Smith's correspondence with David Hume. Before each of Smith's writings Robert Heilbroner presents a clear and lively discussion that will interest the scholar as much as it will clarify the work for the non-specialist. Adam Smith emerges from this collection of his writings, as he does from his portrait in Professor Heilbroner's well-known book, as the first economist to deserve the title of "worldly philosopher."

  • Another Look at Governments’ Balance Sheets: The Role of Nonfinancial Assets

    Another Look at Governments’ Balance Sheets: The Role of Nonfinancial Assets
    Ms. Elva Bova

    When discussing debt reduction strategies, little attention has been given to the role of governments’ nonfinancial assets. This is in part because data are scarce. Drawing on various data sources, this paper looks at the size, composition, and management of state-owned nonfinancial assets across 32 economies, with particular focus on the advanced G-20 economies. We find that reported nonfinancial assets comprise mostly structures (such as roads and buildings) and,when valued, land. These assets have increased over time, mostly due to higher property and commodity prices, and are, in large part, owned by subnational governments. Many countries have launched reforms with a view to streamlining public administrations, but receipts and savings have been rather small so far. Governments tend to consider relatively small sets of assets to be disposable, though preferences could change in the future. A potential source for future revenues could be greater reliance on user charges, such as road tolls. In most cases, a first step for more effective asset management has to be the expansion and improvement of data compilation.

  • A Dictionary of Tourism and Travel

    A Dictionary of Tourism and Travel
    Allan Beaver

    Provides over 6,500 definitions of travel and tourism terminology, including the operating language of the travel industry, acronyms of organizations, associations, and trade bodies, IT terms, and brand names. Completely up to date, this dictionary covers the implications of web technology and social media on the travel and tourism industry, as well as new products and services, such as e-tickets, home-based travel agents, awareness amongst consumers and within the industry of terror-threatened travel, recent changes in legislation, and environmental concerns. Useful appendices include the World Tourism Organization Global Code of Ethics for Tourism, the recommended tourism syllabus content for Higher Education courses worldwide, and a list of the EC Neutral Computerized Reservation System Rules. Providing a wealth of information on one of the fastest-growing global industries of the 21st century, this dictionary is the ideal point of reference for students taking travel, tourism, and hos

  • The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

    The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse
    Mohamed A. El-Erian

    NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide • With a new introduction by the authorOur current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder.In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future. Praise for The Only Game in Town“The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”–Time“A grand tour of the challenges we face, along with ideal solutions and more likely outcomes . . . We desperately need a system in which the central banks are no longer the only game in town.”—Steven Rattner, The New York Times Book Review “A must-read from one of the most astute financial analysts of our time.”—Walter Isaacson, author of Steve Jobs “El-Erian’s gift for clarity and his use of compelling examples make important economic issues accessible.”—Anne-Marie Slaughter, president and CEO, New America “[A] highly intelligent analysis.”—Fareed Zakaria, CNN (book of the week)

  • Capitalism and Freedom: Fortieth Anniversary Edition

    Capitalism and Freedom: Fortieth Anniversary Edition
    Milton Friedman

    Selected by the Times Literary Supplement as one of the "hundred most influential books since the war" How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.

  • Naked Economics: Undressing the Dismal Science: Edition 3

    Naked Economics: Undressing the Dismal Science: Edition 3
    Charles Wheelan

    International bestseller "Clear, concise, informative, [and] witty." —Chicago Tribune At last! A new edition of the economics book that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. This revised and updated edition includes commentary on hot topics such as automation, trade, income inequality, and America’s rising debt. Ten years after the financial crisis, Naked Economics examines how policymakers managed the worst economic crisis since the Great Depression. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives you the tools to engage with pleasure and confidence in the deeply relevant, not so dismal science.

  • A Beginner s Guide to the World Economy: Eighty-one Basic Economic Concepts That Will Change the Way You See the World

    A Beginner’s Guide to the World Economy: Eighty-one Basic Economic Concepts That Will Change the Way You See the World
    Randy Charles Epping

    In a time of rapid change in the world economy, this fascinating, concise, and user-friendly primer is the most reliable tool for keeping track of what's happening. What is the new economy? What is globalization? Is the euro the final seal on European Union? How is e-commerce transforming our world beyond economics? What is virtual money, and does it have real value? How do social concerns and societal ills (drugs, poverty, AIDS, endangered natural resources) play a part in the rapidly changing world economy? What are multinationals, and do they signal the end of nationalism? These and many other pertinent issues are addressed in an enlightening and entertaining handbook for those who want to be economically literate (and who doesn't?).

  • The Economics Book

    The Economics Book
    DK

    The Economics Book clearly and simply explains more than one hundred groundbreaking ideas in economics, from the earliest experiences of trade to global economic crises.Using easy-to-follow graphics and artworks, succinct quotations, and thoroughly accessible text, The Economics Book makes abstract concepts of money and trade concrete. The Economics Book includes innovative ideas from the history of economics, from Thomas Aquinas' rules of markets and morality to Jeffrey Sachs' theories on international debt relief. Learn about the earliest ideas in economics, such as property rights and the function of money, and progress to present-day economic thought, from explanations on economic bubbles to the relationship between economics and the environment.The Economics Book includes:- More than 100 key ideas and principles in economic thought, from antiquity to present day- Brief biographies and context boxes to give the full historical context of each idea- A reference section with a glossary of economic terms and a directory of economic thinkersThe clear and concise summaries, graphics, and quotations in The Economics Book will help even the complete novice understand the fascinating world of economic thought.

  • The Theory of Moral Sentiments

    The Theory of Moral Sentiments
    Adam Smith

    Best known for his revolutionary free-market economics treatise The Wealth of Nations, Adam Smith was first and foremost a moral philosopher. In his first book, The Theory of Moral Sentiments, he investigated the flip side of economic self-interest: the interest of the greater good. Smith's classic work advances ideas about conscience, moral judgement and virtue that have taken on renewed importance in business and politics. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.

  • The Vanishing Middle Class: Prejudice and Power in a Dual Economy

    The Vanishing Middle Class: Prejudice and Power in a Dual Economy
    Peter Temin

    Why the United States has developed an economy divided between rich and poor and how racism helped bring this about.The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor.Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

  • Being Consumed: Economics and Christian Desire

    Being Consumed: Economics and Christian Desire
    William T. Cavanaugh

    Should Christians be for or against the free market? For or against globalization? How are we to live in a world of scarcity? William Cavanaugh uses Christian resources to incisively address basic economic matters — the free market, consumer culture, globalization, and scarcity — arguing that we should not just accept these as givens but should instead change the terms of the debate.Among other things, Cavanaugh discusses how God, in the Eucharist, forms us to consume and be consumed rightly. Examining pathologies of desire in contemporary "free market" economies, Being Consumed puts forth a positive and inspiring vision of how the body of Christ can engage in economic alternatives. At every turn, Cavanaugh illustrates his theological analysis with concrete examples of Christian economic practices.

  • Free to Choose: A Personal Statement

    Free to Choose: A Personal Statement
    Milton Friedman

    The international bestseller on the extent to which personal freedom has been eroded by government regulations and agencies while personal prosperity has been undermined by government spending and economic controls. New Foreword by the Authors; Index.

  • The Reboot with Joe Juice Diet: Lose Weight, Get Healthy, and Feel Amazing

    The Reboot with Joe Juice Diet: Lose Weight, Get Healthy, and Feel Amazing
    Joe Cross

    A NEW YORK TIMES BEST-SELLERSince his documentary, Fat, Sick & Nearly Dead, was released in 2010 and became a worldwide sensation, Joe Cross has become a tireless advocate for the power of juicing. The Reboot with Joe Juice Diet brings us of the plan that allowed him to overcome obesity, poor health, and bad habits, and presents success stories from others whose lives he’s touched.Joe—who managed to lose one hundred pounds and discontinue all his medication by following his own plan—walks you through his life before juicing, sharing his self-defeating attitude toward food and fitness, and brings you along on his journey from obesity and disease to fitness, a clean bill of health, and the clarity of physical wellness.In addition to sharing Joe’s inspirational story, The Reboot with Joe Juice Diet gives readers all the tools they need to embark on their own journey to health and wellness, including inspiration and encouragement, recipes, and diet plans.

  • Handbook of Game Theory and Industrial Organization, Volume II: Applications, Volume 2

    Handbook of Game Theory and Industrial Organization, Volume II: Applications, Volume 2
    Luis C. Corchón

    This second volume of the Handbook includes original contribution by experts in the field. It provides up-to-date surveys of the most relevant applications of game theory to industrial organization. The book covers both classical as well as new IO topics such as mergers in markets with homogeneous and differentiated goods, leniency and coordinated effects in cartels and mergers, static and dynamic contests, consumer search and product safety, strategic delegation, platforms and network effects, auctions, environmental and resource economics, intellectual property, healthcare, corruption, experimental industrial organization and empirical models of R&D.

  • The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor

    The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor
    David S. Landes

    "Readers cannot but be provoked and stimulated by this splendidly iconoclastic and refreshing book."—Andrew Porter, New York Times Book Review The Wealth and Poverty of Nations is David S. Landes's acclaimed, best-selling exploration of one of the most contentious and hotly debated questions of our time: Why do some nations achieve economic success while others remain mired in poverty? The answer, as Landes definitively illustrates, is a complex interplay of cultural mores and historical circumstance. Rich with anecdotal evidence, piercing analysis, and a truly astonishing range of erudition, The Wealth and Poverty of Nations is a "picture of enormous sweep and brilliant insight" (Kenneth Arrow) as well as one of the most audaciously ambitious works of history in decades. For the paperback edition, Landes has written a new epilogue, in which he takes account of Asian financial crisises and the international tension between overconfidence and reality.