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Economics as a science

  • Why Nations Failby Daron Acemoglu; James A. Robinson

    Profile Books 2012; US$ 13.31

    Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012. Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary... more...

  • Economics for the Rest of Usby Moshe Adler

    The New Press 2009; US$ 17.95

    Why do contemporary economists consider food subsidies in starving countries, rent control in rich cities, and health insurance everywhere "inefficient"? Why do they feel that corporate executives deserve no less than their multimillion-dollar "compensation" packages and workers no more than their meager wages? Here is a lively and accessible debunking... more...

  • Republic of Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Staff Report; Press Releaseby International Monetary Fund. African Dept.

    International Monetary Fund 2014; US$ 9.00

    KEY ISSUES Context and outlook. Mozambique's macroeconomic outlook remains favorable and the PSI-supported program is broadly on track. All assessment criteria were met and most indicative targets, but there was some slippage on structural reforms. Economic growth is robust and inflation remains moderate. In spite of risks stemming from the uncertain... more...

  • Psychology, Rationality and Economic Behaviourby Bina Agarwal; Alessandro Vercelli

    Palgrave Macmillan 2005; US$ 160.00

    Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to standard utility theory, based on a narrow conception of rationality and self-interest maximization. The contributions in this volume, some focused on analytical... more...

  • Classical Macroeconomicsby James C.W. Ahiakpor

    Taylor and Francis 2004; US$ 54.95

    John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen Böhm-Bawerk, have made it difficult for modern economists to... more...

  • An Economic Theorist's Book of Talesby George A. Akerlof

    Cambridge University Press 1984; US$ 44.00

    These essays explore what happens when a skilful economist makes unconventional assumptions. more...

  • Identity Economicsby George A. Akerlof; Rachel E. Kranton

    Princeton University Press 2010; US$ 18.95

    Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she... more...

  • Phishing for Phoolsby George A. Akerlof; Robert J. Shiller

    Princeton University Press 2015; US$ 24.95

    Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools , Nobel Prize?winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there... more...

  • Animal Spiritsby George A. Akerlof; Robert J. Shiller

    Princeton University Press 2010; US$ 16.95

    The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller... more...

  • Real-World Decision Making: An Encyclopedia of Behavioral Economicsby Morris Altman

    ABC-CLIO 2015; US$ 100.00

    Traditional economic theories speculate how and when people should spend money. But consumers don't always behave as expected and often adopt strategies that might appear unorthodox yet are, at times, more effective than the rule prescribed by conventional wisdom. This groundbreaking text examines the ways in which people make financial decisions,... more...