Economics Books
Profile Books Ltd Why Nations Fail: The Origins of Power,
Book SynopsisShortlisted 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 range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money and actually keep it - and this means sound institutions that allow virtuous circles of innovation, expansion and peace. Based on fifteen years of research, and answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They blend economics, politics, history and current affairs to provide a new, powerful and persuasive way of understanding wealth and poverty.Trade ReviewA must-read. Acemoglu and Robinson are intellectual heavyweights of the first rank * Guardian *An important book * New York Times *An intellectually rich book that develops an important thesis with verve * FT *It's a great read. Like me, you may succumb to reading it in one go, and then you may come back to it again and again. -- Jared Diamond, Pulitzer-prize-winning authorA must-read. Acemoglu and Robinson are intellectual heavyweights of the first rank ... they have done you the courtesy of writing a book that while at the intellectual cutting edge is not just readable but engrossing ... erudite and fascinating. -- Paul Collier * Observer *For those who think that a nation's economic fate is determined by geography or culture, Daron Acemoglu and Jim Robinson have bad news. It's man-made institutions, not the lay of the land or the faith of our forefathers, that determine whether a country is rich or poor. Synthesizing brilliantly the work of theorists from Adam Smith to Douglass North with more recent empirical research by economic historians, Acemoglu and Robinson have produced a compelling and highly readable book. And their conclusion is a cheering one: the authoritarian "extractive" institutions like the one's that drive growth in China today are bound to run out of steam. Without the inclusive institutions that first evolved in the West, sustainable growth is impossible, because only a truly free society can foster genuine innovation and the creative destruction that is its corollary. * Niall Ferguson, author of 'The Ascent of Money' *This fascinating and readable book centers on the complex joint evolution of political and economic institutions, in good directions and bad. It strikes a delicate balance between the logic of political and economic behavior and the shifts in direction created by contingent historical events, large and small at 'critical junctures'. Acemoglu and Robinson provide an enormous range of historical examples to show how such shifts can tilt toward favorable institutions, progressive innovation and economic success or toward repressive institutions and eventual decay or stagnation. Somehow they can generate both excitement and reflection. -- Robert Solow, Nobel Laureate in EconomicsIt's the politics, stupid! That is Acemoglu and Robinson's simple yet compelling explanation for why so many countries fail to develop. From the absolutism of the Stuarts to the antebellum South, from Sierra Leone to Colombia, this magisterial work shows how powerful elites rig the rules to benefit themselves at the expense of the many. Charting a careful course between the pessimists and optimists, the authors demonstrate history and geography need not be destiny. But they also document how sensible economic ideas and policies often achieve little in the absence of fundamental political change. * Dani Rodrik, Kennedy School of Government, Harvard Universitry *Two of the world's best and most erudite economists turn to the hardest issue of all: why are some nations poor and others rich? Written with a deep knowledge of economics and political history, this is perhaps the most powerful statement made to date that 'institutions matter.' A provocative, instructive, yet thoroughly enthralling book. -- Joel Mokyr, Robert H. Strotz Professor of Arts and Sciences and Professor of Economics and History, Northwestern UniversityImagine sitting around a table listening to Jared Diamond, Joseph Schumpeter, and James Madison reflect on over two thousand years of political and economic history. Imagine that they weave their ideas into a coherent theoretical framework based on limiting extraction, promoting creative destruction, and creating strong political institutions that share power and you begin to see the contribution of this brilliant and engagingly written book. -- Scott E. Page, University of Michigan and Santa Fre InstituteIn this stunningly wide ranging book Acemoglu and Robinson ask a simple but vital question, why do some nations become rich and others remain poor? Their answer is also simple -- because some polities develop more inclusive political institutions. What is remarkable about the book is the crispness and clarity of the writing, the elegance of the argument, and the remarkable richness of historical detail. This book is a must read at a moment where governments right across the western world must come up with the political will to deal with a debt crisis of unusual proportions. -- Steve Pincus, Bradford Durfee Professor of History and International and Area Studies, Yale UniversityAcemoglu and Robinson -- two of the world's leading experts on development -- explain why it is not geography, disease, or culture which explains why some nations are rich and some poor, but rather a matter of institutions and politics. This highly accessible book provides welcome insight to specialists and general readers alike. -- Francis FukuyamaSome time ago a little known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations is still being read today. With the same perspicacity and with the same broad historical perspective, Daron Acemoglu and James Robinson have re-tackled this same question for our own times. Two centuries from now our great-great-...-great grandchildren will be, similarly, reading Why Nations Fail. -- George Akerlof, Nobel Laureate in Economics, 2001Acemoglu and Robinson have made an important contribution to the debate as to why similar-looking nations differ so greatly in their economic and political development. Through a broad multiplicity of historical examples, they show how institutional developments, sometimes based on very accidental circumstances, have had enormous consequences. The openness of a society, its willingness to permit creative destruction, and the rule of appear to be decisive for economic development. -- Kenneth J. ArrowThis not only a fascinating and interesting book: it is a really important one. The highly original research that Professors Acemoglu and Robinson have done, and continue to do, on how economic forces, politics and policy choices evolve together and constrain each other, and how institutions affect that evolution, is essential to understanding the successes and failures of societies and nations. And here, in this book, these insights come in a highly accessible, indeed riveting form. Those who pick this book up and start reading will have trouble putting it down. * Michael Spence *Why Nations Fail is a truly awesome book. Acemoglu and Robinson tackle one of the most important problems in the social sciences -- a question that has bedeviled leading thinkers for centuries -- and offer an answer that is brilliant in its simplicity and power. A wonderfully readable mix of history, political science, and economics, this book will change the way we think about economic development. Why Nations Fail is a must read book. * Steven Levitt, author of Freakonomics *Why Nations Fail is so good in so many ways that I despair of listing them all. It is an excellent book and should be purchased forthwith, so to encourage the authors to keep working. -- Charles C. Mann, author of 1491 and 1493In this delightfully readable romp through 400 years of history, two of the giants of contemporary social science bring us an inspiring and important message: it is freedom that makes the world rich. Let tyrants everywhere tremble! -- Ian Morris, Stanford University, author of Why the West Rules - For NowThe authors convincingly show that countries escape poverty only when they have appropriate economic institutions, especially private property and competition. More originally, they argue countries are more likely to develop the right institiutions when they have an open pluralistic political system with competition for political office, a widespread electorate, and openness to new politcial leaders. This intimate connection between political and economic institutions is the heart of their major contribution, and has resulted in a study of great vitality on one of the crucial questions in economics and political economy. -- Gary S. Becker, Nobel laureate in economics, 1992This important and insightful book, packed with historical examples, makes the case that inclusive political institiutions in support of inclusive economic institutions iskey to sustained prosperity. The book reviews how some good regimes got launched and then had a virtuous spiral, while bad regimes remain in a vicious spiral. This is important analysis not to be missed. -- Peter Diamond, Nobel laureate in economics, 2010A brilliant and uplifting book -- yet also a deeply disturbing wake-up call. Acemoglu and Robinson lay out a convincing theory of almost everything to do with economic development. Countries rise when they put in place the right pro-growth political institutions and they fail-often spectacularly-when those instituitons ossify or fail to adapt. Powerful people always and everywhere seek to grab complete control over government, undermining broader social progress for their own greed. Keep those people in check with effective democracy or watch your nation fail. -- Simon Johnson, co-author of 13 Bankers and professor at MIT Sloana fascinating bit of scholarship that is laden with lots of interesting historical detail * Sunday Business Post *A must-read that makes sense of recent upheavals * Money Week *An intellectually rich book that develops an important thesis with verve. It should be widely read. -- Martin Wolf * FT *A vital work for these times -- William Easterly * Wall Street Journal *
£11.69
Simon & Schuster Ltd How Countries Go Broke
Book Synopsis
£24.00
Old Street Publishing When Money Dies: The Nightmare of the Weimar
Book Synopsis
£9.49
John Wiley and Sons Ltd How the World Became Rich: The Historical Origins
Book SynopsisMost humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich? Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may – or may not – develop.Trade Review"A vivid and crystal-clear summary of the very large body of research compiled in the past two decades on the most important question in economic history. Well informed, solidly anchored in historical facts and economic analysis, this book is a must for economics students."—Joel Mokyr, Northwestern University "In our current moment, when many are worried about the future of growth for the environment and the planet, this thought-provoking book by two leading scholars tells the story of how and why economic growth took off, and how it hugely raised living standards, but also increased inequality and misery on the way. This is a must-read for anybody worried about the future of growth and poverty on our planet."—Daron Acemoglu, MIT "[T]imely, consolidated, and refreshingly succinct.... It is likely to be a seminal text for years to come."—The Economic History ReviewTable of ContentsPreface 1 Why, When, and How Did the World Become Rich? 2 Did Some Societies Win the Geography Lottery? 3 Is it all Just Institutions? 4 Did Culture Make Some Rich and Others Poor? 5 Fewer Babies? 6 Was it Just a Matter of Colonization and Exploitation? 7 Why Did Northwestern Europe Become Rich First? 8 Britain’s Industrial Revolution 9 The Rise of the Modern Economy 10 Industrialization and the World it Created 11 The World is Rich Bibliography
£17.09
Biteback Publishing Return to Growth
Book SynopsisIn Return to Growth, Jon Moynihan analyses the UK's decades-long stagnant economy and looks at what can be done to resuscitate it.
£21.25
WW Norton & Co A Random Walk Down Wall Street The Best
Book SynopsisOne of the “few great investment books” (Andrew Tobias) ever written, with 2 million copies in printTrade Review"Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book." -- The Wall Street Journal"A Random Walk has set thousands of investors on a straight path since it was first published in 1973. Even if you read the book then or more recently, a refresher course is probably in order.… A lucid mix of the theoretical and the pragmatic." -- Chicago Tribune"Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well belong in the classics category." -- Forbes"Do you want to do well in the stock market? Here’s the best advice. Scrape together a few bucks and buy Burton Malkiel’s book. Then take what’s left and put it in an index fund." -- The Los Angeles Times
£15.29
Project Management Institute A guide to the Project Management Body of
Book SynopsisA Guide to the Project Management Body of Knowledge (PMBOK Guide ) - PMI's flagship publication has been updated to reflect the latest good practices in project management. New to the sixth edition, each knowledge area will contain a section entitled Approaches for Agile, Iterative and Adaptive Environments, describing how these practices integrate in project settings. It will also contain more emphasis on strategic and business knowledge, including discussion of project management business documents and information on the PMI Talent Triangle and the essential skills for success in today's market.
£67.46
McGraw-Hill Education Microeconomics and Behaviour 4e
Book SynopsisThe fourth European edition of Microeconomics and Behaviour builds on its core analytical foundations, and embeds them in accessible and engaging real-world examples to demonstrate the relationship between economic thinking and analysis and human behaviour.By blending theory with practical application, students are encouraged to think like economists and critically assess the technical tools of microeconomics and to find more interesting and innovative ways of applying them and develop a lasting interest in the discipline.Key Featuresâ Fully updated chapters, with new and expanded material on the economics of happiness, halo and decoy effects, price discrimination, the gig economy and self-employment, and partial versus general equilibrium.â Extensive pedagogical features including worked examples, key terms and definitions, in-chapter exercises, chapter summaries, and review questions to enhance understanding and retentionâ Economic Naturalist examples illustrate how economic principles can explain everyday experiences and observations .New examples include: âœWhy does an efficient health service not do everything to keep people alive?â, âœWhy did Taylor Swift fans not sell their tickets for The Eras Tour?â and âœWhy do most cryptocurrencies fail within a few years?âConnect® ResourcesAvailable on McGraw Hillâs Connect®, the well-established online learning platform, which features our award-winning adaptive reading experience as well as resources to help faculty and institutions improve student outcomes and course delivery efficiency. To learn more, visit mheducation.co.uk/connect Key Connect® features for this edition include:â Economic Application Based Activities that provide students with valuable practice, using problem solving skills to apply their knowledge to realistic scenarios. Studentsâ progress from understanding basic concepts to using their knowledge to analyse complex scenarios and solve problems.â Economic Naturalist graphing questions which have been developed to complement this key pedagogical feature from the textbook.â Interactive Graphs that help students see the relevance of the subject matter by providing visual displays of real data for students to manipulate. All graphs are accompanied by assignable assessment questions and feedback for students.Edward J. Cartwright is a Professor of Economics at De Montfort University in the UK. He is also Director of the Institute for Applied Economics and Social Value. One of his passions is the use of interactive classroom experiments in economics teaching. His research has focused primarily on cooperation and coordination in economic and social behaviour.Robert H. Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at the Johnson Graduate School of Management at Cornell University, USA. He is also a Distinguished Senior fellow at Demos, USA. For more than a decade his âEconomic Viewâ column appeared monthly in the New York Times. His research has focused on rivalry and cooperation in economic and social behaviour.This European edition is originally based on the Microeconomics and Behavior text by Robert Frank.
£59.39
Cengage Learning EMEA Business in Context
Book SynopsisNow in its eighth edition, Business in Context introduces students to all aspects of modern business and its changing environment. This classic text now covers the impact of recent global events and developments, such as the COVID-19 pandemic, the UK's departure from the EU, globalization and the move towards more ethical business practices. Essential reading for all introductory business courses, particularly business environment modules, this edition combines the hallmark qualities of David Needle's style with co-author Jane Burns' over 20 years of industry experience.This title is available with MindTap, a flexible online learning solution that provides your students with all the tools they need to succeed, including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids and analytics to help you track their progress.Table of ContentsChapter 1. The Concept of Business in Context PART I. THE ENVIRONMENTAL CONTEXT Chapter 2. Globalization Chapter 3. The Environment and Business: the Economy and the State Chapter 4. The Environment and Business: Technology and Labour Chapter 5. Cultural and Institutional Frameworks PART II. ORGANIZATIONAL AND STRATEGIC CONTEXTS Chapter 6. Organizational Aspects of Business Chapter 7. Management and Leadership Chapter 8. Strategy Chapter 9. Business Ethics, Sustainability and Corporate Social Responsibility PART III. THE ACTIVITIES CONTEXT Chapter 10. Innovation Chapter 11. Operations Chapter 12. Marketing Chapter 13. Human Resource Management Chapter 14. Finance and Accounting
£52.24
McGraw-Hill Education - Europe Principles of Economics
Book SynopsisWith an accessible approach, the third European edition of Principles of Economics provides students with the tools to analyze current economic issues. The book is underpinned by a focus on seven Core Principles, which help students to make the link between economic theory and practice. The 'economic naturalist' approach, supported by exercises, problems and examples, encourages students to employ economics principles to understand and explain the world around them.Developed from the well-regarded US textbook by Frank and Bernanke, it presents an intuitive approach to economics and is suitable for all students taking a Principles of Economics course.Table of ContentsPart 1: Introduction1. Thinking Like An Economist2. Markets, Specialisation and Economic Efficiency3. Markets, Supply, Demand and ElasticityPart 2: Competition and the 'Invisible Hand'4. Demand: The Benefit Side of the Market5. Perfectly Competitive Supply: the Cost Side of the Market6. Efficiency and Exchange7. Profits, Entry and Exit: The Basis for the 'Invisible Hand'Part 3: Market Imperfections 1: Market Power8. Imperfect Competition and the Consequences of Market Power9. Thinking Strategically 1: Interdependence, Decision Making and the Theory of Games10. Thinking Strategically 2: Competition Among the FewPart 4: Market Imperfections 2: Externalities, Information, Distribution and the Role of the Government in a Market Economy11. Externalities and Property Rights12. The Economics of Information13. Labour Markets, Income Distribution, Wealth and Poverty14. Government in the Market Economy: Public Sector Production and Regulation15. The Credit Crunch and the Great Contraction: An Application of Some Micro-economics to Help Explain a Macro-economic Crisis Part 5: Macroeconomics: Issues and Data16. Macroeconomics: the Bird's Eye View of the Economy17. Measuring Economic Activity: Gross Domestic Product18. Measuring the Price Level and Inflation19. The Labour Market: Wages and UnemploymentPart 6: The Economy in the Long Run20. Economic Growth, Productivity and Living Standards21. Capital Markets: Saving, Investment and Financial Intermediaries Part 7: The Economy in the Short Run22. Short-Term Economic Fluctuations23. Money and Interest Rates24. The IS-LM Model25. Stabilising the Economy 1: the Role of Fiscal Policy26. Stabilising the Economy 2: the Role of Monetary Policy27. Aggregate Demand, Aggregate Supply and Inflation28. The New Keynesian Phillips Curve: Expectations and Inflation Policy Part 8: The International Economy29. Exchange Rates, Capital Flows and the Balance of Payments
£61.74
Penguin Books Ltd The End of Poverty
Book SynopsisJeffrey Sachs is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University as well as Special Advisor to United Nations Secretary General Kofi Annan. He is internationally renowned for his work as economic advisor to governments in Latin America, Eastern Europe, the former Soviet Union, Asia and Africa.
£11.69
Penguin Books Ltd The Rise and Fall of Nations
Book SynopsisTHE INTERNATIONAL BESTSELLER''Entertaining, acute and disarmingly honest'' Economist''A vital guide to the new economic order'' Rana Foroohar, TimeThe crisis of 2008 ended the illusion of a golden era in which many people imagined that prosperity and political calm would continue to spread indefinitely. In a world now racked by slowing growth and mounting unrest, how can we discern which nations will thrive and which will fail? Shaped by prize-winning author Ruchir Sharma''s twenty-five years travelling the world, The Rise and Fall of Nations rethinks economics as a practical art. By narrowing down the thousands of factors that can shape a country''s future, it spells out ten clear rules for identifying the next big winners and losers in the global economy.''The nub of the book is how to spot which countries are likely to succeed, and which to fail, in this impermanent world. Sharma offers a framework of Trade ReviewFilled with amazing data ... fascinating insights and revealing anecdotes, this is quite simply the best guide to the global economy today. Whether you are an observer or an investor, you cannot afford to ignore it. -- Fareed ZakariaA fine guide to the great emerging market boom and bust. * The Economist *Sharma's wealth of knowledge ... and ample experience on the ground are strong foundations for his exploration of what makes economies break out, or break down. * Reuters *For sheer readability and insight on the developing world drama, I dare say you won't find a better choice. * Wall Street Journal *A vital guide to the new economic order. -- Rana Foroohar * Time *
£11.69
Oxford University Press Economics
Book SynopsisEconomics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta reveals the connections between economics, politics, and development, and shows how these interactions create the world we live in today.Trade ReviewAn excellent introduction... presents mathematical and statistical findings in straightforward prose. * Financial Times *I wish more people would read Dasgupta's book, and I wish more economists would write variations on its theme. It is a model specimen. * www.economicprincipals.com *The text is direct, rigorous and thought-provoking. It provides an intelligent, rigorous and readable introduction to economics. * London Book Review.com *Table of ContentsPreface ; Prologue ; 1. Macroeconomic History ; 2. Trust ; 3. Communities ; 4. Markets ; 5. Science and Technology as Institutions ; 6. Households and Firms ; 7. Sustainable Economic Development ; 8. Social Well-Being and Democratic Government ; Epilogue ; Further Reading
£9.49
Oxford University Press A Dictionary of Economics
Book SynopsisThis authoritative and comprehensive dictionary contains clear, concise definitions of approximately 3,500 key economic terms. Covering all aspects of economics including economic theory and policy, applied microeconomics and macroeconomics, labour economics, public economics and public finance, monetary economics, and environmental economics, this is the essential reference work in this area. The new edition of this dictionary has been updated to include entries on China, India, and South America, to reflect the increase in prominence of these regions in the global economy. There is strong coverage of international trade and many entries on economic organizations and institutions from around the world. Fully revised to keep up to date with this fast-moving field, this new edition expands the coverage to include entries such as austerity measures, General Anti Abuse Rule, propensity score matching, and shadow bank.Entries are supplemented by entry-level web links, which are listed and Trade ReviewConcise definitions are provided, helpful to new students and to anyone slightly fuzzy about exactly what it means (yet not wanting to be bamboozled)... So a useful and value-for-money desk-reference tool for anyone reading intelligent economic commentary or striving to write a convincing essay for a tutor. * Stuart Hannabuss (Independent Reviewer and Researcher, Aberdeen, UK) Reference Reviews, Volume 31, Number 6, 2017 *Table of ContentsPREFACE; DICTIONARY; APPENDICES
£13.29
The University of Chicago Press An Inquiry into the Nature and Causes of the
Book Synopsis
£30.79
The University of Chicago Press Within Reason A Liberal Public Health for an
Book SynopsisTrade Review"Despite remarkable successes, Galea argues, public health succumbed to a disturbing strain of illiberalism during the pandemic. . . .Galea makes a powerful case that to carry the worst illiberal outcomes from the pandemic into the next crisis would be a devastating mistake." -- Pamela Paul * The New York Times *"Galea is a good companion in navigating readers through the political thickets in which public health now operates. [Within Reason] is not about COVID-19, but the pandemic was an enormous stress test of public health and thrust public health into the center of politics and media attention." * The Lancet *“Powerful, erudite, and immersive—an essential treatise on our needed reformation in public health.” -- Alonzo Plough | Robert Wood Johnson Foundation“With equal dose of empathy and examination, Sandro Galea challenges us to undertake a deep exercise of self-reflection: how our hard-won political beliefs may betray us in the hope for a greater good. Within Reason is critically relevant for each of us—and all of us.” -- Julio Frenk | University of MiamiTable of ContentsIntroduction Foundations What Stories Will We Tell about COVID-19? Liberty and Health? Fear The Economics of Illiberalism How to Get Healthier and Wealthier during a Crisis Decision-Making in an Age of Social Media Borders in an Age of Pandemics UFOs, COVID-19, and the Return of Radical Uncertainty Why Do We Tell the Stories We Tell? The History of Soccer, the Butterfly Effect, and Public Health The Ongoing Challenge of Race Not in the Name of Public Health Health and the Opportunity to Think Freely Thinking in Groups or Thinking for Ourselves: In Praise of Iconoclasm The Challenge of Slow-Burning Threats The Ineluctable Role of the Faceless Bureaucrat Sectarianism and the Public’s Health Health in an Era of Resurgent Great Power Conflict “For Our Own Good” Heresies Why Health? The Spherical Cow Problem Public Health and the Temptations of Power Not Our Place The Radical Importance of Acknowledging Progress Who’s Left? Too Far, or Not Far Enough? A Case against Moralism in Public Health Resisting the Allure of Moral Grandstanding Resisting Our Suburban Impulses Checking Our Blind Spots We Need to Talk about Class Public Health and Tradition My Bias in Favor of Living Hopes Mercy and Our Present Moment A Case for Good Faith Argument “One Does Have Joys” A Playbook for Balancing the Moral and Empirical Cases for Health The False Choice of Diversity and Inclusion versus the Pursuit of Excellence Our Place in the Natural Order of Things What Do We Want from Our Political System? The Role of Experts and Community Voices Both The Aesthetics of a Healthier World Intellectual Cross-Training toward a Healthier World The Incredible Potential of New Technology The Consent of the Governed Spending Smarter A Populist Public Health In Praise of Objective Reality The Next Generation: The Kids Are (Probably) All Right In Conclusion Toward a Liberal Public Health Acknowledgments Index
£18.00
WW Norton & Co Economics of Development
Book SynopsisA dynamic revision of the most modern development economics textbook.
£53.20
Princeton University Press Thinking like an Economist
Book SynopsisTrade Review"A Choice Outstanding Academic Title of the Year""Indispensable. Deeply researched and powerfully argued, it is easily one of the most important studies of American governance in many years."---Simon Torracinta, Boston Review"Berman is well worth reading for deeply researched detail on how market-fundamentalist economics colonized the administrative state and thus weakened progressivism."---Robert Kuttner, American Prospect"The historical account in Thinking like an Economist, which makes up the bulk of the book, is an original, insightful, and persuasive story. . . . Berman provides a fresh perspective emphasizing a wide variety of microeconomic topics, including antitrust law, antipoverty policy, health care, and the environment."---Jason Furman, Foreign Affairs"Berman is at her best as an archeologist of ideas, digging through archives to excavate the origins of the economic style of reasoning and its takeover of federal policymaking."---Idrees Kahloon, The New Yorker"As a non-economist who writes about economics, I felt seen by Berman."---Peter Coy, New York Times"The import of her book is clear to me. It’s OK to believe there’s value beyond markets and competition, and while efficiency can be a useful goal in many cases, sometimes we should embrace deeper values around fairness, and dare I say it, right and wrong."---John Warner, Chicago Tribune"This outstanding work is highly recommended. . . . Essential." * Choice *"It turns out this kind of thinking—what Berman calls ‘the economic style of reasoning'—has taken over not just environmental policy but the entire US policy bureaucracy, to dismal results. It’s as much something Democrats have done to themselves as anything forced by the right. One always enjoys having one’s priors validated by scholars of much greater distinction than oneself, so I was delighted to read the book."---David Roberts, Volts"A captivating and detailed historical account of the rise of economics and economists’ influence within the US Administration during the 1960s and 1970s."---Cléo Chassonnery-Zaïgouche and Aurélien Goutsmedt, Oeconomia"An engaging account of the role that economists and government advisors with an economics training played in shaping public policy in the US during the post-war period. . . .Very well written and extremely erudite."---Giulio Zanella, Oeconomia
£18.00
Cambridge University Press Applied Choice Analysis
Book SynopsisThe second edition of this popular book brings students fully up to date with the latest methods and techniques in choice analysis. Comprehensive yet accessible, it offers a unique introduction to anyone interested in understanding how to model and forecast the range of choices made by individuals and groups. In addition to a complete rewrite of several chapters, new topics covered include ordered choice, scaled MNL, generalized mixed logit, latent class models, group decision making, heuristics and attribute processing strategies, expected utility theory, and prospect theoretic applications. Many additional case studies are used to illustrate the applications of choice analysis with extensive command syntax provided for all Nlogit applications and datasets available online. With its unique blend of theory, estimation, and application, this book has broad appeal to all those interested in choice modeling methods and will be a valuable resource for students as well as researchers, profeTrade Review'This is an enormous book, covering in extraordinary detail all the topics selected by these respected authors. It represents a substantial update and renewal of the material covered in the first edition. In my opinion it should be on the shelves of anyone dealing with discrete choice models.' Juan de Dios Ortúzar Salas, Pontificia Universidad Católica de Chile'Choice modelling is a very active and rapidly evolving field, with applications across numerous disciplines. The first edition of Applied Choice Analysis accomplished the major task of making the breadth of work accessible to a wide audience, with hands on examples provided throughout. Nine years on, the field has developed further, and David A. Hensher, John M. Rose and William H. Greene have again performed a remarkable job in explaining these new methods without unnecessary jargon and complexity, helping to educate the next generation of choice modellers and striking exactly the right balance between theory and practice.' Stephane Hess, University of Leeds'The new edition of this already very popular book provides substantial added value to readers. Applied choice analysis has now been extended to include all recent developments. More intuition and further clarifications have been added. The examples provided cover thoroughly the range of case study applications. This book will work perfectly as a step-by-step introduction for the neophite as well as a core reference for the practitioner. The authors have managed to strike the right balance between practicality and accuracy, without subtracting much of the econometric details.' Riccardo Scarpa, Gibson Chair for MayFood, Rural and Environmental Economics, Queens University Belfast'I cannot imagine a better introduction to choice modeling. The authors manage to bring a vivid, storytelling voice to this complex topic, with language that has personality and rhythm. The various interrelated concepts and procedures that constitute choice modeling come across as simple and straightforward. An amazing feat. The ins-and-outs of a computer code are also taught along with the statistical methods. This integration of computer language within the text is unusual and highly valuable, giving readers all the steps that are needed to implement the methods on their own data.' Kenneth Train, Adjunct Professor, University of California, BerkeleyTable of ContentsPreface; Part I. Getting Started: 1. In the beginning; 2. Choosing; 3. Choice and utility; 4. Families of discrete choice models; 5. Estimating discrete choice models; 6. Experimental design and choice experiments; 7. Statistical inference; 8. Other matters that analysts often inquire about; Part II. Software and Data: 9. Nlogit for applied choice analysis; 10. Data set up for Nlogit; Part III. The Suite of Choice Models: 11. Getting started modeling: the workhorse - multinominal logit; 12. Handling unlabeled discrete choice data; 13. Getting more from your model; 14. Nested logit estimation; 15. Mixed logit estimation; 16. Latent class models; 17. Binary choice models; 18. Ordered choices; 19. Combining sources of data; Part IV. Advanced Topics: 20. Frontiers of choice analysis; 21. Attribute processing, heuristics, and preference construction; 22. Group decision making; Select glossary; References; Index.
£66.49
Baker Publishing Group Living Forward A Proven Plan to Stop Drifting
Book SynopsisA New York Times bestselling author and a successful life coach provide a proven, step-by-step guide to create a life plan, equipping readers to live with intention, direction, and passion in every area of life.
£12.59
Pearson Education Limited Econometric Analysis Global Edition
Book SynopsisTable of Contents PART I. The Linear Regression Model 1.Econometrics 2. The Linear Regression Model 3. Least Squares 4. Estimating the Regression Model by Least Squares 5. Hypothesis Tests and Model Selection 6. Functional Form, Difference in Differences and Structural Change 7. Nonlinear, Semiparametric and Nonparametric Regression Models 8. Endogeneity and Instrumental Variable Estimation PART II. Generalized Regression Model and Systems of Equations 9. The Generalized Regression Model and Heteroscedasticity 10. Systems of Regression Equations 11. Models for Panel Data PART III. Estimation Methodology 12. Estimation Frameworks in Econometrics 13. Minimum Distance Estimation and the Generalized Method of Moments 14. Maximum Likelihood Estimation 15. Simulation-Based Estimation and Inference and Random Parameter Models 16. Bayesian Estimation and Inference PART IV. Cross Sections, Panel Data and Microeconometrics 17. Binary Outcomes and Discrete Choices 18. Multinomial Choices and Event Counts 19. Limited Dependent Variables, Truncation, Censoring and Sample Selection PART V. Time Series and Macroeconometrics 20. Serial Correlation 21. Nonstationary Data PART VI. Appendices Appendix A: Matrix Algebra Appendix B: Probability and Distribution Theory Appendix C: Estimation and Inference Appendix D: Large Sample Distribution Theory Appendix E: Computation and Optimization Appendix F: Data Sets Used In Applications
£66.49
McGraw-Hill The Economics of European Integration 7e
Book SynopsisThe seventh edition of The Economics of European Integration provides students with an accessible presentation of the facts, theories and controversies that are driving rapid change at the heart of Europe. This new edition covers crucial updates on the impact of Brexit and Covid-19 and offers an expert analysis of the contemporary status of integration within the European Union.Key Features and Updates•Wide range of learning features including boxed examples and illustrations, end of chapter summaries, self-assessment questions and essay questions.•Fully updated to include new discussions and examples such as the new budget which has significant implications on European bonds, immigration, and climate change.•Two new chapters highlighting the impact of both Brexit and Covid-19 on the EU.•An Online Learning Centre with Lecture Outlines, PowerPoint Presentations, and an Image Library.Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, having been a visiting professor at Oxford and MIT. He is Editor-in-Chief and founder of VoxEU.org since 2007 and he advises governments around the world on globalisation and integration issues having served in the Bush (Sr) White House in 1990-91. Charles Wyplosz is Professor Emeritus of International Economics at the Graduate Institute in Geneva where he also served as Director of the International Centre for Money and Banking Studies. He is a Fellow of CEPR and of the European Economic Association, as well as a Founding Managing Editor of the Economic Policy journal.Table of ContentsPart 1: History, Facts and InstitutionsHistoryFacts, Law and InstitutionsDecision MakingPart 2: The Microeconomics of European Integration4Essential microeconomic background5Preferential liberalisation6Scale economies and competition7Growth8Labour markets and migrationPart 3: EU Micro Policies9Common Agricultural Policy10Location effects and regional policy11Competition policy and state aids12EU trade and climate policyPart 4: The Macroeconomics of Monetary Integration13Essential macroeconomic tools14Optimum currency areasPart 5: EU Monetary and Fiscal Policies15The European monetary union16Fiscal policy and the Stability Pact17The financial markets and the euro18The Eurozone in crisisOnline Chapters 19Economics for Covid-1920Brexit: Problems and Prospects21The history of European monetary integration
£52.19
Cornerstone The Culture Code: The Secrets of Highly
Book SynopsisTHE NEW YORK TIMES BESTSELLER'A marvel of insight and practicality' Charles Duhigg, author of The Power of Habit____________________________How do you build and sustain a great team?The Culture Code reveals the secrets of some of the best teams in the world - from Pixar to Google to US Navy SEALs - explaining the three skills such groups have mastered in order to generate trust and a willingness to collaborate. Combining cutting-edge science, on-the-ground insight and practical ideas for action, it offers a roadmap for creating an environment where innovation flourishes, problems get solved, and expectations are exceeded.____________________________'There are profound ideas on every single page, stories that will change the way you work, the way you lead, and the impact you have on the world. Highly recommended, an urgent read.' Seth Godin, author of Linchpin'Truly brilliant . . . Read it immediately' Adam Grant, author of Originals'Well told stories, with actionable lessons' Financial Times Trade ReviewI’ve been waiting years for someone to write this book – I’ve built it up in my mind into something extraordinary. But it is even better than I imagined. Daniel Coyle has produced a truly brilliant, mesmerising read that demystifies the magic of great groups. It blows all other books on culture right out of the water. Read it immediately.The Culture Code is the perfect leadership manifesto for entrepreneurial startups, established enterprises and all manner of businesses in between. * Business Insider *If you want to understand how successful groups work – the signals they transmit, the language they speak, the cues that foster creativity – you won’t find a more essential guide than The Culture Code. This is a marvel of insight and practicality.A relevant mix of solid academic research along with practical advice and not-quite-usual . . . anecdotes from the trenches. * Bloomberg *It’s great . . . Dan went inside incredibly successful organisations like Pixar, the San Antonio Spurs, and SEAL Team Six to uncover how diverse groups learn to function with a single mind. * Inc. *Coyle’s book examines how successful groups of people – from the U.S. Navy’s SEAL Team Six to the San Antonio Spurs – work together so well . . . Promises to “demystify” the murky topic of organisational culture by examining the key skills that prompt group cooperation. -- Leadership Books to Read in 2018 * Washington Post *The Culture Code is a step-by-step guidebook to building teams that are not just more effective, but happier. Whether you lead a team or are a team member, this book is a must-read. -- Laszlo Bock, former SVP of People at Google and author of Work Rules!There are profound ideas on every single page, stories that will change the way you work, the way you lead, and the impact you have on the world. Highly recommended, an urgent read. -- Seth Godin, author of LinchpinShares the simple changes you can make to work better with others . . . Coyle spent four years researching military units, professional basketball teams, comedy troupes and even a gang of jewel thieves to better understand how groups thrive, along with what doesn’t work. * Entrepreneur *Pop science meets a business pep talk in a useful primer on building better organisations . . . Useful throughout. * Kirkus Reviews *Well-told stories, with actionable lessons . . . The Culture Code yields some useful findings. -- Business Books of the Month * Financial Times *The author of the bestselling 2009 The Talent Code focuses on how ongoing learning, genuine collaboration, thoroughgoing trust, and sustainable change can contribute to better innovation and problem-solving. -- Recommended Books For Creative Leaders * Forbes *An essential book that unlocks the secrets of highly successful groups and provides readers with a toolkit for building a cohesive, innovative culture. * Business Insider *A masterfully written book. * Yorkshire Post *The Culture Code examines the dynamics of company culture through stories of success and failure, offering valuable insights on leadership through change. -- Anthony Noto, CEO of Sofi, Books of the Year * Bloomberg *
£10.44
HarperCollins Publishers The Rational Optimist
Book SynopsisShortlisted for the BBC Samuel Johnson Prize for Non-fiction 2011.Life is on the up.We are wealthier, healthier, happier, kinder, cleaner, more peaceful, more equal and longer-lived than any previous generation. Thanks to the unique human habits of exchange and specialisation, our species has found innovative solutions to every obstacle it has faced so far.In The Rational Optimist', acclaimed science writer Matt Ridley comprehensively refutes the doom-mongers of our time, and reaches back into the past to give a rational explanation for why we can and will overcome the challenges of the future, such as climate change and the population boom.Bold and controversial, it is a brilliantly confident assertion that the 21st century will be the best for humankind yet.Trade Review‘A triumphant blast on the vuvuzela of common sense’ Boris Johnson ‘A glorious defence of our species… a devastating rebuke to humanity's self-haters’ Sunday Times ‘No other book has argued with such brilliance against the automatic pessimism that prevails’ Ian McEwan ‘His theory is, in a way, the glorious offspring that would result if Charles Darwin’s ideas were mated with those of Adam Smith’ The Economist ‘Original, clever and controversial’ Guardian ‘As a work of bold historical positivity it is to be welcomed. At every point cheerfulness keeps breaking through’ The Times
£10.44
HarperCollins Publishers Inc Essential Manners for Men 2nd Edition
Book SynopsisTackles the issues of real concern for men. This title includes: Social Media: social networking, gaming, and the world of online dating; Communication: both in person - greetings, handshakes, and the all-important first impression - and on-the go-texting, emailing, and smart phones; and, more.
£11.74
HarperCollins Publishers Inc The Intel Trinity How Robert Noyce Gordon Moore
Book SynopsisTrade Review"Through extensive and unprecedented access to Intel's archives, Malone describes how each of these vital members of Intel brought various skills and talents to the company to make it the giant it is today." -- Entrepreneur's 25 Amazing Business Books from 2014 "This is business history at its best." -- Wall Street Journal "What's been missing is an authoritative work that blends all the key people and the technology with a thorough, up-to-date business history. "The Intel Trinity" fills that gap." -- The Wall Street Journal "What he has produced is popular history, the tale of an epoch-defining industrial romp and the three men who led it." -- Washington Post "The Intel Trinity is a fine introduction to the founding myths legends of Silicon Valley." -- Salon "Richly detailed, swiftly moving work of modern business history, recounting a truly world-changing technology and the people who made it possible. Essential for aspiring entrepreneurs, to say nothing of those looking for a view of how the modern, speed-of-light world came to be." -- Kirkus Reviews (starred review) "Michael Malone, one of the most interesting chroniclers of Silicon Valley, has produced a fascinating history of Intel. It's a valuable study of innovation, great leadership, and colorful personalities. Anyone who wants to know how creativity leads to invention should read this wonderful book." -- Walter Isaacson, author of Steve Jobs "Few people capture the rhythms and values that fuel Silicon Valley as well as longtime journalist Michael S. Malone. In his latest book, he takes on the history of Intel, a company he started covering when most reporters were still using typewriters. He reveals his deep knowledge on every page." -- Reid Hoffman, cofounder & chairman of LinkedIn and co-author of The Alliance "Mike Malone's book on Bob Noyce, Gordon Moore and Andy Grove - Silicon Valley's Mount Rushmore - belongs with Walter Isaacson's treatment of Steve Jobs, Neal Gabler's opus on Walt Disney, and Tom Wolfe's look at the first astronauts. Trinity is that big and that good." -- Rich Karlgaard, Publisher and Columnist, Forbes Magazine, Author of The Soft Edge "Malone moves past the standard Intel mythology to uncover many aspects of the company's ascendance that have been glossed over or lost to history. Malone gives long-overdue credit to the unsung heroes and inventors for their contributions." -- Booklist
£23.28
HarperCollins Publishers Inc Stealing Fire
Book SynopsisNational BestsellerCNBC and Strategy + Business Best Business Book of the YearIt’s the biggest revolution you’ve never heard of, and it’s hiding in plain sight. Over the past decade, Silicon Valley executives like Eric Schmidt and Elon Musk, Special Operators like the Navy SEALs and the Green Berets, and maverick scientists like Sasha Shulgin and Amy Cuddy have turned everything we thought we knew about high performance upside down. Instead of grit, better habits, or 10,000 hours, these trailblazers have found a surprising short cut. They''re harnessing rare and controversial states of consciousness to solve critical challenges and outperform the competition. New York Times bestselling author Steven Kotler and high performance expert Jamie Wheal spent four years investigating the leading edges of this revolution—from the home of SEAL Team Six to the Googleplex, the Burning Man festival, Richard Branson’s Necker Island, Red Bull’s training center, Nike’s innovation team, and the United Nations’ Headquarters. And what they learned was stunning: In their own ways, with differing languages, techniques, and applications, every one of these groups has been quietly seeking the same thing: the boost in information and inspiration that altered states provide. Today, this revolution is spreading to the mainstream, fueling a trillion dollar underground economy and forcing us to rethink how we can all lead richer, more productive, more satisfying lives. Driven by four accelerating forces—psychology, neurobiology, technology and pharmacology—we are gaining access to and insights about some of the most contested and misunderstood terrain in history. Stealing Fire is a provocative examination of what’s actually possible; a guidebook for anyone who wants to radically upgrade their life.Trade Review“Reading Stealing Fire, Mr. Lang-Willar said, he became convinced that nothing less than a ‘cultural awakening’ was underway.” — The New York Times “A mind-blowing tour along the path from sex and drugs to R&D.” — Financial Times “Stealing Fire is a beautifully written, must-read for anyone interested in living up to their full potential. Kotler and Wheal have produced a user-manual for your hacking your brain to drive high performance.” — Peter Diamandis, founder of the X Prize, co-chairman of Singularity University, bestselling author “Stealing Fire cracks the secret code of peak performance so that ordinary people can achieve extraordinary results.” — Cdr. Mark Divine (USN Ret.), New York Times best selling author, founder SEALFIT and Unbeatable Mind “Meticulously researched and innovatively conceptualized, Stealing Fire is not just a bible for the second psychedelic revolution (drugs not required), but a manual to getting more: out of your body, your mind, and your happiness.” — Neil Strauss, New York Times best-selling author of The Game “An electrifying, fast-paced journey into the deep potential of the human brain.” — David Eagleman, Stanford University neuroscientist, bestselling author, presenter of PBS's The Brain “Our linear lives and brains need to be thrown a curve on occasion and this is a masterpiece literary curveball.” — Chip Conley, bestselling author of Peak and Emotional Equations and former Head of Strategy for AirBnB “Captures the unspoken essence of what men and women on the frontier of human experience, think and do to excel in creativity and performance.” — Michael Gervais, High Performance Psychologist to Super Bowl Champion Seattle Seahawks “Stealing Fire lays out exactly how to hack the brain...Kotler and Wheal have taken a major bite out of the unknown. If you’re at all interested in knowing how your mind works, this is imperative reading!” — Salim Ismail, founding executive director of Singularity University and bestselling author of Exponential Organizations “Stealing Fire is a fantastic book about the future of humanity and everything that we can become. Based on incredible stories and cutting edge data, it reveals how our brain and body can be optimized to its greatest potential.” — Andrew Newberg, MD., director of research Myrna Brind Center for Integrative Medicine and author of How Enlightenment Changes Your Brain “The North Star we’ve been waiting for--finally a distillation of the upper reaches of the human experience unveiled! I am so excited for this book to reach the world!” — Jason Silva, artist, futurist, host of National Geographic's Brain Games “[Stealing Fire is] well-written, well-documented, and significant work.” — Library Journal
£10.44
McGraw-Hill Education - Europe Fundamental Methods of Mathematical Economics
Book SynopsisTable of ContentsPART 1 Introduction Chapter 1: The Nature of Mathematical EconomicsChapter 2: Economic ModelsPART 2 Static (or Equilibrium) AnalysisChapter 3: Equilibrium Analysis in EconomicsChapter 4: Linear Models and Matrix AlgebraChapter 5: Linear Models and Matrix Algebra (continued)PART 3 Comparative-Static AnalysisChapter 6: Comparative Statics and the Concept of the DerivativeChapter 7: Rules of Differentiation and their use in Comparative StaticsChapter 8: Comparative-Static Analysis of General-Function ModelsPART 4 Optimization ProblemsChapter 9: Optimization: A Special Variety of Equilibrium AnalysisChapter 10: Exponential and Logarithmic FunctionsChapter 11: The Case of More Than One Choice VariableChapter 12: Optimization with Equality ConstraintsNEW Chapter 13: Further Topics in Optimization (includes Envelope Theorem and DualityPART 5 Dynamic AnalysisChapter 14 Economic Analysis and Integral CalculusChapter 15 Continuous Time: First Order Differential EquationsChapter 16 Higher-Order Differential EquationsChapter 17 DiscreteTime: First Order Difference EquationsChapter 18 Higher Order Difference EquationsChapter 19 Simultaneous Differential Equations and Difference EquationsNEW Chapter 20: Introduction to Optimal Control Theory
£58.49
MIT Press Ltd Data Is Everybodys Business
Book Synopsis
£25.60
MIT Press The AI Playbook
Book Synopsis
£24.00
Yale University Press Trade Wars Are Class Wars How Rising Inequality
Book SynopsisA provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workersTrade Review“The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong. . . . Worth reading for their insights into the history of trade and finance.”—George Melloan, Wall Street Journal“This is a very important book.”—Martin Wolf, Financial Times“An eagle-eyed perspective on the global economy, underpinned by close analysis and a remarkable clarity of exposition. The book is a terrific survey of the forces behind today’s global trade tensions and imbalances.”—Ann Pettifor, Times Literary Supplement“[O]ffers a deeper argument about the source of the trouble.”—The Economist“Matthew Klein and Michael Pettis have successfully woven a grand narrative linking income inequality, geopolitics, trade, finance and even environmental issues.”—Maximilian Kärnfelt, Merics China Briefing Newsletter“[A]s Matthew Klein and Michael Pettis argue in their brilliant polemic Trade Wars Are Class Wars, industrial policy instruments are only part of the story.”—Adam Tooze, London Review of Books“A well-written, highly recommended, and thought-provoking book.”—Ian Bright, Reading Room for the Society of Professional Economists“This timely analysis should be of interest to policymakers as well as to scholars in economics, political science and international relations.”—Luqman Saeed, Journal of Peace Research“Trade Wars Are Class Wars is a tale of three economies, China, Germany and the US. . . . It’s a terrific book.”—Enlightened EconomistWinner of the Lionel Gelber Prize, sponsored by Munk Centre for International Studies“An erudite, original, and provocative explanation of the global economic imbalances that have been at the root of numerous financial crises.”—Ernesto Zedillo, director, Yale Center for the Study of Globalization“This is a book that everyone concerned with the global economy should read. A fascinating account of the damage that rising inequality—especially in China and Germany—has done to all our economies.”—Dani Rodrik, Harvard University
£12.34
Random House USA Inc Why Nations Fail
Book Synopsis
£26.40
Random House USA Inc Good Strategy Bad Strategy
Book Synopsis
£22.46
Cengage Learning, Inc Behavioral Finance
Book SynopsisDiscover a structured, applied approach to behavioral finance with the first academic text of its kind--Ackert/Deaves' BEHAVIORAL FINANCE: PSYCHOLOGY, DECISION MAKING, AND MARKETS. This comprehensive text--ideal for today's behavioral finance elective--links finance theory and practice to human behavior.The book begins by building upon the established, conventional principles of finance before moving into psychological principles of behavioral finance, including heuristics and biases, overconfidence, emotion and social forces. Readers learn how human behavior influences the decisions of individual investors and professional finance practitioners, managers, and markets.The book clearly explains what behavioral finance indicates about observed market outcomes as well as how psychological biases potentially impact the behavior of managers. Readers see, first-hand, the implications of behavioral finance on retirement, pensions, education, debiasing, and client management. This book spends a significant amount of time examining how behavioral finance can be used by practitioners today.Readers utilize theory and applications in every chapter with a wide variety of end-of-chapter exercises, discussion questions, simulations and experiments that reinforce the book's applied approach.Table of ContentsIntroduction. Introduction. SECTION I: CONVENTIONAL FINANCE, PROSPECT THEORY AND MARKET EFFICIENCY. 1: Foundations of conventional finance: Expected utility. 2: Foundations of conventional finance: Asset pricing theory and market efficiency. 3: Prospect theory, framing and mental accounting. 4: Limits to arbitrage, anomalies and investor sentiment. SECTION II: BEHAVIORAL SCIENCE FOUNDATIONS. 5: Heuristics and biases. 6: Overconfidence. 7: Emotion. SECTION III: INVESTOR BEHAVIOR. 8: Investor behavior stemming from heuristics and biases. 9: The impact of overconfidence on investor decision-making. 10: Emotion-based investor behavior. SECTION IV: SOCIAL FORCES. 11: Social forces: Selfishness or altruism? 12: Social forces and behavior. SECTION VI: MARKET OUTCOMES. 13: Behavioral explanations for anomalies. 14: Aggregate stock market puzzles. SECTION V: CORPORATE FINANCE. 15: Irrational markets. 16: Irrational managers. SECTION VII: RETIREMENT, PENSIONS, EDUCATION, DEBIASING AND CLIENT MANAGEMENT. 17: Understanding retirement saving and investment behavior and improving DC pensions. 18: Debiasing, education, and client management. SECTION VIII: MONEY MANAGEMENT. 19: Money management and behavioral investing. 20: Neurofinance and trading.
£255.53
Cengage Learning, Inc Managerial Economics
Book SynopsisLearn how to use managerial economics to diagnose and solve business problems with Froeb/McCann/Ward/Shor's MANAGERIAL ECONOMICS: A PROBLEM SOLVING APPROACH, 6E. This breakthrough text, designed specifically for upper-level and M.B.A. students like you, offers a succinct and fast-paced, yet challenging, approach full of invaluable insights. This edition incorporates less math and fewer technical models, graphs and figures than traditional managerial economics texts, while emphasizing the real decisions that today's managers face daily. The authors use models only to help you determine why mistakes are made and how to fix them. The latest economic updates introduce the most recent economic developments and current economic challenges worldwide. You learn how to apply economic theory to even the most formidable business challenges as interactive applications and MindTap digital resources reinforce understanding. Meaningful insights make this learning guide useful now and throughout your Table of ContentsPart I: PROBLEM SOLVING AND DECISION MAKING. 1. Introduction: Incentive Alignment. 2. The One Lesson of Business. 3. Benefits, Costs, and Decisions. 4. Extent (How Much) Decisions. 5. Investment Decisions: Look Ahead and Reason Back. Part II: PRICING, COST, AND PROFITS. 6. Simple Pricing. 7. Economies of Scale and Scope. 8. Understanding Markets and Industry Changes. 9. Market Structure and Long-Run Equilibrium. 10. Strategy: The Quest to Keep Profit from Eroding. 11. Foreign Exchange, Trade, and Bubbles. Part III: PRICING FOR GREATER PROFIT. 12. More Realistic and Complex Pricing. 13. Direct Price Discrimination. 14. Indirect Price Discrimination. Part IV: STRATEGIC DECISION MAKING. 15. Strategic Games. 16. Bargaining. Part V: UNCERTAINTY. 17. Making Decisions with Uncertainty. 18. Auctions. 19. The Problem of Adverse Selection. 20. The Problem of Moral Hazard. Part VI: ORGANIZATIONAL DESIGN. 21. Getting Employees to Work in the Firm's Best Interest. 22. Getting Divisions to Work in the Firm's Best Interest. 23. Managing Vertical Relationships. Part VII: WRAPPING UP. 24. You Be the Consultant.
£70.29
WW Norton & Co Flash Boys
Book SynopsisFour years after his #1 bestseller The Big Short, Michael Lewis returns to Wall Street to report on a high-tech predator stalking the equity markets.Trade Review"Michael Lewis is a genius, and his book will give high-frequency trading a much-needed turn under the microscope." -- Kevin Roose - New York Magazine"If you read one business book this year, make it Flash Boys." -- David Sirota - Salon"Dazzling… guaranteed to make blood boil… riveting." -- Janet Maslin - The New York Times"A beautiful narrative, so well-written. You’ve got to get this." -- Jon Stewart - The Daily Show"Important to public debate about Wall Street… in exposing what one of his central characters calls the ‘Pandora’s box of ridiculousness’ that financial exchanges have become." -- Philip Delves Broughton - The Wall Street Journal"Michael Lewis knows how to tell a story." -- Vanity Fair"Remarkable… Michael Lewis has a spellbinding talent for finding emotional dramas in complex, highly technical subjects." -- Financial Times"Who knew high-frequency trading was such a sexy subject?" -- Bloomberg Business Week"Michael Lewis is one of the premier chroniclers of our age." -- Huffington Post"Score one for the humans! Critics of high speed, computer-driven trading have a new champion." -- CNN Money"If you own stock, you need to read Flash Boys… and then call your broker." -- Entertainment Weekly"Flash Boys richly deserves to be the first chapter in a new discussion of market rules and abuses… Lewis raises troubling and necessary questions." -- The American Conservative"When it comes to narrative skill, a reporter’s curiosity and an uncanny instinct for the pulse of the zeitgeist, Lewis is a triple threat." -- James B. Stewart - New York Times"[Lewis] is a top-flight storyteller." -- Lev Grossman - Time"A fast-paced tale backed by gutsy reporting." -- Tina Jordan - Entertainment Weekly"A tour de force that will grab and hold your attention like the best of thrillers." -- Jon Talton - Seattle Times"Lewis writes about the resilience of underdogs, even in the face of seemingly overwhelming odds. He’s doing essential work, and anything that embarrasses fat cats and encourages reform is a flash in the right direction." -- Julie Hinds - Detroit Free Press"Lewis simply tells the truth." -- Will Deener - Dallas News"Michael Lewis has another hit on his hands." -- Zachary Warmbrodt and Dave Clarke - Politico"[Lewis’s] ability to find compelling characters and tell a great story through their eyes is unparalleled. He can untangle complex subjects like few others. His prose sparkles." -- Joe Nocera - New York Times"Fascinating." -- Steven Pearlstein - The Washington Post"Lewis, as always, is exceedingly good at describing the complexities and absurdities of the subculture he portrays here… A deeply entertaining book, and one that illuminates how much our world has changed in less than a decade." -- Hector Tobar - Los Angeles Times"As always, Lewis simplifies the complex—and makes it fascinating." -- People"Recommended… Entertaining." -- San Francisco Chronicle"Entirely engaging… Illuminates a part of Wall Street that has generally done business in the shadows." -- New York Review of Books
£20.39
WW Norton & Co Naked Statistics Stripping the Dread from the
Book SynopsisA New York Times bestseller "Brilliant, funny…the best math teacher you never had." —San Francisco ChronicleTrade Review"Sparkling and intensely readable…A riff on basic statistics that is neither textbook nor essay but a happy amalgam of the two." -- New York Times"Naked Statistics is an apt title. Charles Wheelan strips away the superfluous outer garments and exposes the underlying beauty of the subject in a way that everyone can appreciate." -- Hal Varian, chief economist at Google"[Wheelan] does something unique here: he makes statistics interesting and fun. His book strips the subject of its complexity to expose the sexy stuff underneath." -- The Economist"Almost anyone interested in sports, politics, business, and the myriad of other areas in which statistics rule the roost today will benefit from this highly readable, on target, and important book." -- Frank Newport, Gallup editor-in-chief"A fun, engaging book that shows why statistics is a vital tool for anyone who wants to understand the modern world." -- Jacob J. Goldstein, NPR’s Planet Money"Two phrases you don’t often see together: ‘statistics primer’ and ‘rollicking good time.’ Until Charlie Wheelan got to it, that is. This book explains the way statistical ideas can help you understand much of everyday life." -- Austan Goolsbee, professor of economics at the University of Chicago and former chairman of the Council of Economic Advisers"A well written, surprisingly funny, and enthusiastic primer on statistics…It is hard to imagine a more accessible introduction to a field with an undeserved reputation for inaccessibility." -- New Republic"With humor and an engaging conversational style, [Wheelan] walks the reader through the basics of statistical concepts and their applications, using real-world examples to illustrate how statistics work and why they matter. All in all, it’s an excellent book." -- Science News"Naked Statistics is the book that I wish I had in 1991, the year that I took stats during my first semester at grad school…Wheelan is a master of explaining the core concepts and methods of statistics in a way that is both accessible and relevant. He is clearly a master teacher, and his gifts are in abundant display in Naked Statistics." -- Inside Higher Ed
£12.59
WW Norton & Co Misbehaving
Book SynopsisWinner of the Nobel Prize in Economics Get ready to change the way you think about economics.Trade Review"A sly and somewhat subversive history of [the economics] profession . . . engrossing and highly relevant." -- Jonathan A. Knee - New York Times"Highly enjoyable . . . dense with fascinating examples. . . . It is long past time to replace Econs with Humans, both in theory and in the practice of prediction." -- Carol Tavris - Wall Street Journal"A dryly humorous history of the revolution [Thaler] helped ignite, as well as a useful (if sometimes challenging) primer on its key concepts." -- Julia M. Klein - Chicago Tribune"[A] masterful, readable account of behavioral economics. Very well done." -- David Wessel, Pulitzer Prize-winning journalist, author of Red Ink and Ben Bernanke’s War on the Great Panic"Bound to become a classic. Now established as one of the great figures in the history of economic thought, Thaler has no predecessors. A rebel with a cause . . .[w]here he wins Olympic gold is in keen observation; his greatest insights come from actually looking." -- Cass Sunstein - New Rambler"Entertaining…. An excellent read on the shortcomings of classical economic and finance theory." -- Ronald L. Moy, CFA Institute"The creative genius who invented the field of behavioral economics is also a master storyteller and a very funny man. All these talents are on display in this wonderful book." -- Daniel Kahneman, winner of the Nobel Prize in Economics and author of Thinking, Fast and Slow"The story behind some of the most important insights in modern economics. If I had to be trapped in an elevator with any contemporary intellectual, I’d pick Richard Thaler." -- Malcolm Gladwell"Richard Thaler has been at the center of the most important revolution to happen in economics in the last thirty years. In this captivating book, he lays out the evidence for behavioral economics and explains why there was so much resistance to it. Read Misbehaving. There is no better guide to this new and exciting economics." -- Robert J. Shiller, winner of the Nobel Prize in Economics and author of Finance and the Good Society
£14.05
John Wiley and Sons Ltd Advanced Industrial Economics
Book SynopsisThis updated and substantially revised 2nd edition, like its predecessor, integrates a discussion of the latest theoretical developments with a comprehensive review of empirical work. With a more cohesive writing style, reduced size, additional invaluable information, and new problems to solve, Advanced Industrial Economics, Second Edition is a key text in industrial economics.Trade Review"This is an outstanding textbook. It covers practically anything one would ever want to include in a lecture course in Advanced IO, and it does so with the perfect blending of rigorous theory and advanced empirical analysis." Gianni De Fraja, University of York, and CEPR "Stephen Martin's book is a marvellous effort. No other text provides such a comprehensive and updated overview of the literature of modern industrial economics. I wholeheartedly recommend it for graduate courses in the subject or as a reference for any professional economist.... The feature that most distinguishes Advanced Industrial Economics from competitors is the extended treatment of the literature on empirical tests of market structure and performance. This was long overdue, and Martin has to be commended for introducing new generations of students to empirical work int his field. As a teaching tool, there is much to admire in the book as well: many of the issues are given a histroical perspective so that students can better appreciate the direction in which both the theory and the empirical work has progressed. Martin also provides a wealth of material on the book's website, including an extended discussion of the theory of contestable markets as well as a solutions manual." Times Higher Education Supplement, October 2002Table of ContentsPreface. 1. Introduction:. The Scope of the Field. Theory Versus Empiricism. Barriers to Entry and the Structure–Conduct–Performance. A Decade of High Theory. An Outline of the Book. 2. Foundations of Oligopoly Theory I:. Introduction. Cournot in his Own Words. The Classical Oligopoly Theory Formulation. Best-Response Functions. Existence. Stability. Comparative Statistics: The Number of Firms. Limiting Behavior. Conclusion. 3. Foundations of Oligopoly Theory II:. Introduction. Cournot Duopoly as a Static Game. Static versus Dynamic? (Nash versus Cournot?). Conjectural Variations. The Coefficient of Cooperation. Representative Consumer Models of Product Differentiation. Cournot with Product Differentiation. Bertrand with Product Differentiation. Prices versus Quantities. Supply Function Oligopoly. Two-stage Capacity-constrained Competition. Conclusion. Problems. 4. Foundations of Oligopoloy Theory III:. Hotelling. Beyond Hotelling. Vertical Product Differentiation. The Relation between Models of Horizontal and Vertical Differentiation. Conclusion. Problems. 5. Early Empirical Studies of Structure–Conduct–Performance Relationships:. Introduction. Bain and the Critics. Early Econometric Work. Summary. 6. Debates over Interpretation and Specification:. Introduction. Market Power versus Efficiency. Measurement Issues in the Diagnosis of Market Power. Identification. Firm Effects versus Industry Effects. Conclusion. Problems. 7. Empirical Studies of Market Performance:. Introduction. Conjectures. Time Series. Avoiding Cost Data I: NEIO. Avoiding Cost Data II: The Solow Residual. Validity Checks. Event Studies. Price Versus Rate of Return. The Persistence of Profits. Not the Last Word. 8. Strategic Behavior: Investment in Entry Deterrence:. Introduction. Excess Capacity. Switching Costs. Raising Rivals' Costs. Predatory Pricing. Limit Pricing. Advertising and Limit Pricing. Animal Farm. Conclusion. Problems. 9. Advertising:. The Dorfman–Steiner Condition and Generalizations. Advertising as a Signal of Quality. Welfare Consequences of Advertising. The Duration of Advertising Effects. The Advertising Response to Entry. Conclusion. Problems. 10. Collusion and Noncooperative Collusion:. Introduction. Noncooperative Collusion in a Static Model. Noncooperative Collusion in Repeated Games. Price Wars. Conscious Parallelism. Facilitating Practices. Empirical Studies of Collusion. Conclusion. Problems. 11. Market Structure, Entry, and Exit:. Introduction. The Measurement of Seller Concentration. Entry Conditions and Market Structure. Product Differentiation as a Barrier to Entry. Financial Markets. Empirical Studies of Market Structure. Entry. Exit. Empirical Studies of Entry and Exit. Conclusion. Problems. 12. Firm Structure, Mergers, and Joint Ventures:. Introduction. Why are There Firms?. Corporate Governance. Business Groups. X-inefficiency. Horizontal Mergers. Vertical Mergers and Vertical Foreclosure. Diversification and Conglomerate Mergers. The Market for Corporate Control. Joint Ventures and Equity Interests. Conclusion. Problems. 13. Vertical Restraints:. Introduction. Incentives to Impose Vertical Restraints. Empirical Evidence. Conclusion. 14. Research and Development:. Introduction. Stylized Facts. Deterministic Innovation. Stochastic Innovation. Absorptive Capacity. Patents. Empirical Studies of R & D. Final Remarks. Problems. References. Index of Names. Index of Subjects.
£43.16
Harvard University Press The Race between Education and Technology
Book SynopsisThis book provides an historical analysis of the co-evolution of educational attainment and U.S. wage structure through the 20th century. During the first 80 years of the 20th century, the increase of educated workers was higher than demand for them. This boosted income for most and lowered inequality. The reverse has been true since about 1980.Trade ReviewOne of the most important books of the year. -- Nicholas D. Kristof * New York Times *Essential reading...Goldin and Katz give a broad historical view of the role of education in economic growth in the U.S. They make the case that, after a century of leading the world in supplying the educated workers needed to serve technology, the U.S. has fallen behind in education. -- Thomas F. Cooley * Forbes *Goldin and Katz's book is excellent. -- Jim Manzi * New Republic *This is the most important book on modern U.S. inequality to date. -- Tyler Cowen * marginalrevolution.com *If you want to understand the causes of the innovation deficit, I’d recommend adding one serious book to your summer reading list: The Race Between Education and Technology. -- David Leonhardt * New York Times *[Goldin and Katz] tackle the most important U.S. economic trend, and, hence, most critical domestic issue--growing income inequality...[America] now has the most unequal income and wage distributions of any high-income nation...Goldin and Katz's careful documentation of the changes in income distribution is an important public service. This alone would make their book essential reading. Yet they also offer a powerful explanation for what has driven changes in income inequality and point to solutions for addressing it...The good news is that if Goldin and Katz are right, the cure for income inequality is one most Americans would intuitively support: improving mass education. Mr Obama's spin-doctors should start translating Goldin and Katz's book into a campaign slogan at once. -- Chrystia Freeland * Financial Times *Masterful...As the book's title suggests, whether inequality increases or not is best thought of as an ongoing race between education and technology. Combining this simple but appealing idea with a deep knowledge of the histories of the U.S. labor market and educational institutions, Goldin and Katz conclude that whereas education was winning the race for most of the 20th century, technology caught up in the 1970s and has since prevailed. The authors' most insightful point is that the root cause of the recent growth in inequality is not faster technological progress during the past three decades but rather the surprising stagnation in the level of education of young Americans. -- Thomas Lemieux * Science *A staggering achievement of historical research and analysis and required reading for anyone who's tired of glib, ideologically-inspired, trendy prescriptions for how to fix America's education system. -- Sylvia Nasar, author of A Beautiful MindClaudia Goldin and Lawrence Katz have produced a definitive economic history of American education...[It's] tightly reasoned and easy to grasp by anyone who cares about the country's educational history. -- Peter H. Lindert * eh.net *This book represents the best of what economics has to offer, combining a broad theoretical perspective, careful consideration of data, detailed lessons from economic history, and a close look at the present. -- Alan Krueger, Princeton UniversityA masterful work by two leading economists on some of the biggest issues in economics: economic growth, human capital, and inequality. There are fundamental insights in the book, not just about our past but also our future. Rigorous but not overly technical, this beautifully written book will appeal to educated lay people and economists alike. -- Steven D. Levitt, University of Chicago, co-author of FreakonomicsThe Race Between Education and Technology will stand as the definitive treatment of changes in income distribution and their causes, as well as of possible countervailing policies towards rising inequality. This is empirical economic scholarship at its finest. -- Lawrence Summers, Harvard UniversityAn impressive combination of extensive historical research, careful empirical analysis, and thoughtful commentary on one of the most important questions of the day: to what extent does increasing inequality in incomes stem from our failure to increase educational attainment? -- William G. Bowen, President Emeritus, The Andrew W. Mellon FoundationThe Race Between Education and Technology is a most important study, both for what it teaches us about the past and also in presenting policies for the future if America is to regain its world leadership in education. -- Stanley Engerman, University of RochesterThe Race Between Education and Technology contains many tables, a few equations and a powerfully told story about how and why the United States became the world's richest nation--namely, thanks to its schools...Beginning in the 1970s, however, the education system failed to keep pace, resulting, Ms. Goldin and Mr. Katz contend, in a sharply unequal nation...It is nice to be reminded, in a data-rich book, that greater investments in human capital once put Americans collectively on top of the world. -- Stephen Kotkin * New York Times *Goldin's and Katz's thesis is that the 20th century was the American century in large part because this country led the world in education. The last 30 years, when educational gains slowed markedly, have been years of slower growth and rising inequality. -- David Leonhardt * New York Times Magazine *Claudia Goldin and Lawrence Katz establish a clear link between the number of high school and college graduates produced in any modern society and its economic growth. -- Thomas D. Elias * Appeal-Democrat *[Goldin and Katz] combine an acute sense of history with a skillful use of statistics. -- Andrew Hacker * New York Review of Books *During the 20th century both technology and education raced forward in the US, generating massive economic expansion and rising standards of living. Throughout the century, technological changes increased the relative demand for skilled labor, while the rapid expansion of first high schools and then higher education simultaneously increased the relative supply of skilled labor. Goldin and Katz carefully examine the historical and economic forces behind this expansion in education, extracting crucial evidence from the remarkable Iowa State Census of 1915, and they argue very plausibly that the relative demand for skilled labor grew at a fairly constant rate over the century. They conclude that "education ran faster" than technology "during the first half of the century," causing a considerable drop in economic inequality, but that "technology sprinted ahead of limping education in the last 30 years," leading to the recent upsurge in inequality. The rate of return on educational investments has become, once again, very high. Why have education levels increased so sluggishly in the face of these massive rewards? The answers are not entirely clear, nor are the optimal public policies, but the authors offer much food for thought. A must read. -- R. M. Whaples * Choice *The general brilliance of illumination makes this book a feast of provocation. -- Trevor Butterworth * Forbes.com *One of the most comprehensive analyses of the spread of the American educational system throughout the 20th century. -- Eduardo Porter * New York Times *Claudia Goldin and Lawrence F. Katz’s magnum opus…[An] impressive work…Enlightens us to rethink the social-economic and cultural environment of education, the close relationship between education and technology, and the fundamental aims of education. -- Shiyu Xu * Beijing International Review of Education *Table of Contents* Introduction Part I: Economic Growth and Distribution * The Human Capital Century * Inequality across the Twentieth Century * Skill-biased Technological Change Part II: Education for the Masses in Three Transformations * The Origins of the Virtues * Economic Foundations of the High School Movement * America's Graduation from High School * Mass Higher Education in the Twentieth Century Part III. The Race * The Race between Education and Technology * How America Once Led and Can Win the Race for Tomorrow * Appendix A * Appendix B * Appendix C * Appendix D * Notes * References * A Note on Sources * Acknowledgments * Index
£18.86
Harvard University Press Recognizing Public Value
Book SynopsisMoore's classic Creating Public Value offered advice to managers about how to create public value, but left unresolved the question how one could recognize when public value had been created. Here, he closes the gap by helping public managers name, observe, and count the value they produce and sustain or increase public value into the future.Trade ReviewThe idea that public managers should operate more like business managers gained momentum in the 1980s, and it continues today. Many reformers and politicians insist that managers should identify the 'customers' for public services and measure agency performance. Moore's new book examines the difficulties in applying this approach to public services, particularly with respect to performance measurement. He argues that private sector methods do not measure the 'public value' created by a wide range of state and local agencies...His case studies demonstrate that it is possible for public managers to incorporate helpful elements of private sector performance measurement, but that it is essential to recognize the special nature of the public value created by public service agencies. -- M. E. Ethridge * Choice *
£51.96
Harvard University Press Capital without Borders
Book SynopsisTrade ReviewOffers a timely account of how the 1% holds on to their wealth…[It] ought to keep wealth managers awake at night…Harrington’s book ought to make professionals involved in wealth management aware that they are operating in an ‘ethical gray area’ and engage in the national discourse on inequality that has been gathering momentum since Thomas Piketty’s Capital in the Twenty-First Century. -- Aifric Campbell * Wall Street Journal *Harrington advises governments seeking to address inequality to focus not only on the rich but also on the professionals who help them game the system. -- Richard Cooper * Foreign Affairs *[A] valuable new book… What makes Harrington’s book unusual is that she chose instead to investigate the wealth management industry itself. There were no short cuts to doing so. Harrington went undercover as a trainee wealth manager for two years, living and breathing the profession. The result is an insight unlike any other into how wealth management works… One of the many merits of Brooke Harrington’s study, therefore, is how it shows that the wealth management industry is a far larger and more integral component of the modern financial system than a focus on the celebrity-saturated case of the Panama Papers might suggest. -- Felix Martin * New Statesman *[Harrington’s] account of the social, cultural, and financial intricacies of this profession—about two-thirds of the book—is no small feat…Harrington helps dispel two of the most pernicious myths underlying America’s overly tolerant attitude toward the extremely rich: first, that they deserve to be so, and second, that the rest of us might one day be extremely rich too. -- Sam Adler-Bell * Commonweal *Capital without Borders offers an in-depth look into the wealth management profession… This is an important work for our increasingly unequal world. Instead of uncritically blaming the wealthy and the super-rich or national and state governments, it is high time to focus our attention on the brokers, intermediaries and agents who constitute the ‘middleman economy’ of global inequality. -- Sin Yee Koh * LSE Review of Books *Brooke Harrington’s overhaul of the One Percent, Capital without Borders, couldn’t arrive at a better time… Capital without Borders is an unparalleled exploration of an especially darkened corner of world finance… Harrington’s commentary is a magnifying glass held towards those who are gaining opportunities at the expense of those losing them… Capital without Borders gives a clear picture as to how the world’s wealthiest people live in a parallel reality to the rest of the world: one out of reach of laws and regulation on a global scale… Capital without Borders is a vital text for the modern age and a must-read for anyone looking towards a more egalitarian economic future. -- Matthew Fay * PopMatters *Brooke Harrington’s study of wealth management is one of those rare books where you just have to stand back in awe and wonder at the author’s achievement. In this intensely readable study, she offers a first-ever scholarly insight into a profession that was almost unknown a little over two decades ago… Harrington offers profound insights into the world of the professional people who dedicate their lives to meeting the perceived needs of the world’s ultra-wealthy. And, as she makes clear, the most apparently compelling of those needs is to avoid the rule of law… Don’t doubt the importance of this book’s messages: this is a significant and valuable case study at the current frontier of political economy. -- Richard J. Murphy * Times Higher Education *Fascinating. -- Diane Coyle * Chronicle of Higher Education *[Harrington] lifts the veil of the wealth management profession…A useful volume for tax policymakers and tax inspectors, the book is also timely: the leak of documents from Panama-based law firm and corporate service provider Mossack Fonseca—known as the Panama papers—led the G20 to improve transparency and exchange of information to stop tax evasion and avoidance by offshore financial centers. -- Kiyoshi Nakayama * Finance & Development *An edifying snapshot of a brave new world of capitalist impunity. -- Chris Lehmann * In These Times *Brook Harrington has written a book that few sociologists could manage. She has gained access to the world of the super-rich…It is an ethnography of elites and elites at a level that have rarely been studied through participant observation and interview. The access achieved by Harrington is quite exceptional. -- Scott Grills * Symbolic Interaction *Capital without Borders: Wealth Managers and the One Percent is an innovative approach to addressing a problem that is even more pressing than income inequality—wealth inequality…The book is rich in fascinating detail, from the historical roots of wealth management to a description of a state system that might be called the ‘parasitic twin’ of the Westphalian model. Capital without Borders is a book that everyone who cares about fairness, the rule of law, and equal opportunity should read. Even if, or perhaps especially if, you’re in the ‘one percent.’ -- Brenda Jubin * ValueWalk *In this remarkable work, Harrington relays in-depth interviews with wealth managers for the ultra-rich, building on her previous publications on financial markets and fraud…This work adds unique insights into the extraordinary trust between wealth managers and their rich clients, as well as other nuggets of insight. -- M. Larudee * Choice *Beautifully written, this book opens a window into the fascinating world of wealth managers for the world’s super-rich. I know of no other book even remotely like it. -- John L. Campbell, Dartmouth CollegeBrooke Harrington shines a light into the shadowy and little-understood subject of wealth management. Using in-depth interviews and participant observations, she reviews the tools of the trade of financial advisors and shows the implications for economic inequality, political power, and societal organization. This is an important book on a pivotal profession for those concerned about how the top one percent make and keep their money. -- Darrell West, The Brookings Institution
£17.06
Harvard University Press Global Inequality A New Approach for the Age of
Book SynopsisBranko Milanovic presents a bold account of the dynamics that drive inequality on a global scale. Using vast data sets, he explains the forces that make inequality rise and fall within and among nations over time. He reveals who has been helped by globalization, who has been hurt, andwhat policies might tilt the balance toward economic justice.Trade ReviewThe data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies. * The Economist *In this fascinating book, Milanovic is able to articulate the study of inequality between and within countries in the clearest possible way. A must-read. -- Thomas Piketty, Paris School of EconomicsThis outstanding book adds significantly to recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon. Milanovic concludes that inequality is rising within most countries, although global inequality, albeit huge, has been falling. Unfortunately, he sees no end to the current upswing in inequality in the high-income countries. That creates disturbing political dangers. -- Martin Wolf * Financial Times *[Milanovic] makes a case that the rapid growth of poorer countries since 1988 has brought the first decline in inequality since the Industrial Revolution…The very rich or the very corrupt may still hide their wealth in tax havens. Politicians in developed countries may decry rising inequality. But global trends and new data tell an alternative story about the progress already made to lift the poor. * Christian Science Monitor *Branko Milanović’s much underestimated Global Inequality: A New Approach for the Age of Globalization, now being published in many languages, tells us more than any other recent book about the state of the world we live in and, at a time when hope is so urgently needed, offers us thought-provoking insights into the world we could become. -- Gordon Brown * The Guardian *Continuing with his extraordinarily important work on the empirics of global inequality, Branko Milanovic in this book expands on that work to lay the basis for a more theoretical understanding of the evolution of inequality. It is seen to be the product of two forces: Kuznets cycles of rising and decreasing within-nation inequalities, and convergence of mean incomes among countries. The relative strength of these two forces has profound political implications: Shall we live in the world of class cleavages, or of huge international income gaps? Is the world to be ruled by the global top 1 percent, or by a large global middle class? -- Joseph Stiglitz, Columbia University[Milanovic] believes that growing inequality within countries will not threaten capitalism as a system for allocating economic resources but will pose a serious threat to liberal democracy. As middle classes everywhere get squeezed, the United States will become even more plutocratic, and nativistic populism will become more mainstream in Europe—a process that is already under way, aided in no small part by the influx of migrants, a feature of globalization that is likely to only intensify. -- Richard N. Cooper * Foreign Affairs *[Milanovic] brings an enormous scope of knowledge of recent and past income trends…The data assembled in the book are incredibly useful and will be eye-opening to most readers…There is an enormous amount of valuable material in a short book and he does raise a number of important basic moral questions that deserve careful thought. The book is well worth reading. -- Dean Baker * Huffington Post *Branko Milanovic has written an outstanding book. Global Inequality: A New Approach for the Age of Globalization is informative, wide-ranging, scholarly, imaginative, and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson, and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades. -- Martin Wolf * Financial Times *Milanovic offers us not just a plethora of facts about income inequality that will surely make his readers think twice. More importantly, he shows us the power of bringing the facts into focus by putting a new lens over these pressing issues—a global perspective…If you do read it, your focus will be sharper, you will be able to see further, perhaps even globally, and your image of a whole host of public policy challenges will be clearer and much more nuanced. -- Miles Corak * American Prospect *Branko Milanovic’s new book is a welcome companion to Thomas Piketty’s Capital in the Twenty-First Century. -- Vicky Pryce * Prospect *[A] seminal book. -- Edward Luce * Financial Times *Global Inequality goes well beyond the narrative of rising inequality captured by French economist Thomas Piketty’s surprise 2014 best-seller, Capital in the Twenty-First Century. In his highly readable account, Milanovic puts that development into the context of the centuries-long ebbs and flows of inequality driven by economic changes, such as the Industrial Revolution, as well epidemics, mass migrations, revolutions, wars and other political upheavals. -- Matt Phillips * Quartz *[Milanovic] brings fresh insights to one of today’s most talked-about issues, clearing up confusion on the way. -- Craig Calhoun * New Statesman *In Global Inequality, Branko Milanovic continues his lifelong investigation into the past, present, and future of inequality, within and between nations and in the world as a whole. Full of new and provocative ideas—including Kuznets waves and citizenship rents—the book will cement Milanovic’s reputation as one of the most thoughtful and enterprising of inequality scholars. -- Angus Deaton, Princeton UniversityThis is a most unusual and stimulating book. It covers a remarkably broad sweep in time, and deals with issues that are central to the future evolution of humanity across the globe. -- Brian Nolan, University of OxfordThis is an important book on an issue which has surprisingly been overlooked in the increasing debate on inequality: global inequality. A must-read. -- Ann Harrison, University of PennsylvaniaMilanovic is one of the first scholars of contemporary income inequality who globalized its study, not just comparing the landscape of income distribution country by country, but integrating all our viewpoints into a global panorama. This book, his latest research and thinking on inequality, gives fresh ideas and insights in global historical perspective, on the profoundly important economic changes in all our lives. This is a book that truly deserves to be read, talked about, and proudly displayed on everyone’s bookshelf. -- Danny Quah, London School of Economics and Political ScienceHard-hitting…Global Inequality reveals that the main losers of the past three decades of globalization have been the western middle classes. No wonder then that politics is turning so populist and pear-shaped in so many countries. In fact, Milanovic quite persuasively puts inequality worldwide at the heart of a wide range of ills, as threatening our economies and threatening our long-cherished democracies too…Whether you agree with his politics or not, the statistical support for Milanovic’s story is as compelling as that garnered by Piketty last year. He is persuasive that political concern about rising inequality is more than a passing fad, and that we need to think about narrowing the gaps, inside countries in particular, if we are going to avoid very ugly social and political developments worldwide. -- David Dodwell * South China Morning Post *Global Inequality: A New Approach for the Age of Globalization is a brilliant and thought-provoking essay stuffed with enough graphs to satisfy the numerati, anecdotes for the general reader and political insights for the policy wonks. Read it. -- Duncan Green * LSE Review of Books *Drawing on two centuries’ worth of household survey data, the book provides an important empirical picture of inequality patterns within and among nations…Milanovic’s marshaling and analysis of the data are an achievement in themselves. But I also appreciated his imaginative vision and probing sensibility, especially in the fascinating final chapter, in which he poses 10 big questions, offers predictions and proposals, and outlines a future filled with both possibility and peril. -- Jeff Kehoe * Harvard Business Review *If there is one book you want to read to understand the tumultuous events of 2016, it has to be Branko Milanovic’s Global Inequality: A New Approach for the Age of Globalization. Using clear prose and armed with tons of data, Milanovic presents a fascinating tale of the rise and wane of global inequality to identify very precisely the winners and losers of globalization within and across countries. In doing so, he revisits some of the hoary assumptions about inequality in economics, and raises disturbing questions about the stability of democratic capitalism. -- Pramit Bhattacharya * Mint *Excellent…can help us better understand inequalities both between and within countries. -- Erik Berglöf * Project Syndicate *From assessing inequality in the Byzantine Empire to musing over where people fall on the global distribution of income, Branko Milanovic has made a name for himself as an innovative thinker in this field. Even before Thomas Piketty made it cool, he was using Jane Austen vignettes to explore historical patterns of inequality. Milanovic’s new book does not disappoint. -- Anthony Annett * Finance and Development *Milanovic provides an illuminating analysis. * Kirkus Reviews *
£17.95
Princeton University Press Asset Pricing
Book SynopsisThis revised edition unifies and brings the science of asset pricing up to date for advanced students and professionals.Trade ReviewCo-Winner of the 2001 Paul A. Samuelson award "This is a brilliant and useful book, well-deserving of the TIAA-CREF Samuelson Award... The clever intuition and informal writing style make it a joy to read. Like a star athlete does with the sport, Cochrane makes it look easier than it really is."--Journal of Economic Literature
£49.50
Princeton University Press Introduction to Modern Economic Growth
Book SynopsisGives graduate student's tools to analyze growth and related macroeconomic problems, and also perspective needed to apply those tools to the big-picture questions of growth and divergence. In this title, the author introduces economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous and easy to follow manner.Trade Review"It's hard not to be impressed by Acemoglu's mastery of the subject and for a handful of top graduate programs this is clearly the book for the next generation."--Tyler Cowen, Marginal Revolution "Beyond coursework, this is a book that should be compulsory reading for any PhD student in macroeconomics, even for those whose thesis does not specifically focus on growth. [S]elected materials from this book, and Part I in particular, could also be included in the reading list of an undergraduate course in advanced macroeconomics... This book will be an inseparable and precious companion ... for many years to come."--Fabrizio Carmignani, Economic RecordTable of ContentsPreface xv Part I: Introduction Chapter 1: Economic Growth and Economic Development: The Questions 3 1.1 Cross-Country Income Differences 3 1.2 Income and Welfare 7 1.3 Economic Growth and Income Differences 9 1.4 Origins of Today's Income Differences and World Economic Growth 11 1.5 Conditional Convergence 15 1.6 Correlates of Economic Growth 18 1.7 From Correlates to Fundamental Causes 19 1.8 The Agenda 21 1.9 References and Literature 23 Chapter 2: The Solow Growth Model 26 2.1 The Economic Environment of the Basic Solow Model 27 2.2 The Solow Model in Discrete Time 34 2.3 Transitional Dynamics in the Discrete-Time Solow Model 43 2.4 The Solow Model in Continuous Time 47 2.5 Transitional Dynamics in the Continuous-Time Solow Model 51 2.6 A First Look at Sustained Growth 55 2.7 Solow Model with Technological Progress 56 2.8 Comparative Dynamics 67 2.9 Taking Stock 68 2.10 References and Literature 69 2.11 Exercises 71 Chapter 3: The SolowModel and the Data 77 3.1 Growth Accounting 77 3.2 The Solow Model and Regression Analyses 80 3.3 The Solow Model with Human Capital 85 3.4 Solow Model and Cross-Country Income Differences: Regression Analyses 90 3.5 Calibrating Productivity Differences 96 3.6 Estimating Productivity Differences 100 3.7 Taking Stock 105 3.8 References and Literature 106 3.9 Exercises 107 Chapter 4: Fundamental Determinants of Differences in Economic Performance 109 4.1 Proximate versus Fundamental Causes 109 4.2 Economies of Scale, Population, Technology, and World Growth 112 4.3 The Four Fundamental Causes 114 4.4 The Effect of Institutions on Economic Growth 123 4.5 What Types of Institutions? 136 4.6 Disease and Development 137 4.7 Political Economy of Institutions: First Thoughts 140 4.8 Taking Stock 140 4.9 References and Literature 141 4.10 Exercises 143 Part II: Toward Neoclassical Growth Chapter 5: Foundations of Neoclassical Growth 147 5.1 Preliminaries 147 5.2 The Representative Household 149 5.3 Infinite Planning Horizon 156 5.4 The Representative Firm 158 5.5 Problem Formulation 160 5.6 Welfare Theorems 161 5.7 Proof of the Second Welfare Theorem (Theorem 5.7) * 168 5.8 Sequential Trading 171 5.9 Optimal Growth 174 5.10 Taking Stock 176 5.11 References and Literature 176 5.12 Exercises 178 Chapter 6: Infinite-Horizon Optimization and Dynamic Programming 182 6.1 Discrete-Time Infinite-Horizon Optimization 182 6.2 Stationary Dynamic Programming 185 6.3 Stationary Dynamic Programming Theorems 187 6.4 The Contraction Mapping Theorem and Applications * 190 6.5 Proofs of the Main Dynamic Programming Theorems * 194 6.6 Applications of Stationary Dynamic Programming 201 6.7 Nonstationary Infinite-Horizon Optimization 211 6.8 Optimal Growth in Discrete Time 215 6.9 Competitive Equilibrium Growth 219 6.10 Computation 221 6.11 Taking Stock 221 6.12 References and Literature 222 6.13 Exercises 223 Chapter 7: An Introduction to the Theory of Optimal Control 227 7.1 Variational Arguments 228 7.2 The Maximum Principle: A First Look 235 7.3 Infinite-Horizon Optimal Control 240 7.4 More on Transversality Conditions 250 7.5 Discounted Infinite-Horizon Optimal Control 253 7.6 Existence of Solutions, Concavity, and Differentiability * 259 7.7 A First Look at Optimal Growth in Continuous Time 268 7.8 The q-Theory of Investment and Saddle-Path Stability 269 7.9 Taking Stock 274 7.10 References and Literature 275 7.11 Exercises 278 Part III: Neoclassical Growth Chapter 8: The Neoclassical Growth Model 287 8.1 Preferences, Technology, and Demographics 287 8.2 Characterization of Equilibrium 293 8.3 Optimal Growth 298 8.4 Steady-State Equilibrium 300 8.5 Transitional Dynamics and Uniqueness of Equilibrium 302 8.6 Neoclassical Growth in Discrete Time 305 8.7 Technological Change and the Canonical Neoclassical Model 306 8.8 The Role of Policy 312 8.9 Comparative Dynamics 313 8.10 A Quantitative Evaluation 315 8.11 Extensions 317 8.12 Taking Stock 317 8.13 References and Literature 318 8.14 Exercises 319 Chapter 9: Growth with Overlapping Generations 327 9.1 Problems of Infinity 328 9.2 The Baseline Overlapping Generations Model 329 9.3 The Canonical Overlapping Generations Model 335 9.4 Overaccumulation and Pareto Optimality of Competitive Equilibrium in the Overlapping Generations Model 336 9.5 Role of Social Security in Capital Accumulation 339 9.6 Overlapping Generations with Impure Altruism 342 9.7 Overlapping Generations with Perpetual Youth 345 9.8 Overlapping Generations in Continuous Time 348 9.9 Taking Stock 353 9.10 References and Literature 354 9.11 Exercises 355 Chapter 10: Human Capital and Economic Growth 359 10.1 A Simple Separation Theorem 359 10.2 Schooling Investments and Returns to Education 361 10.3 The Ben-Porath Model 363 10.4 Neoclassical Growth with Physical and Human Capital 367 10.5 Capital-Skill Complementarity in an Overlapping Generations Model 371 10.6 Physical and Human Capital with Imperfect Labor Markets 374 10.7 Human Capital Externalities 379 10.8 The Nelson-Phelps Model of Human Capital 380 10.9 Taking Stock 382 10.10 References and Literature 384 10.11 Exercises 384 Chapter 11: First-Generation Models of Endogenous Growth 387 11.1 The AK Model Revisited 388 11.2 The AK Model with Physical and Human Capital 393 11.3 The Two-Sector AK Model 395 11.4 Growth with Externalities 398 11.5 Taking Stock 402 11.6 References and Literature 404 11.7 Exercises 404 Part IV: Endogenous Technological Change Chapter 12: Modeling Technological Change 411 12.1 Different Conceptions of Technology 411 12.2 Science and Profits 414 12.3 The Value of Innovation in Partial Equilibrium 416 12.4 The Dixit-Stiglitz Model and Aggregate Demand Externalities 422 12.5 Individual R&D Uncertainty and the Stock Market 428 12.6 Taking Stock 429 12.7 References and Literature 430 12.8 Exercises 431 Chapter 13: Expanding VarietyModels 433 13.1 The Lab-Equipment Model of Growth with Input Varieties 433 13.2 Growth with Knowledge Spillovers 444 13.3 Growth without Scale Effects 446 13.4 Growth with Expanding Product Varieties 448 13.5 Taking Stock 452 13.6 References and Literature 453 13.7 Exercises 453 Chapter 14: Models of Schumpeterian Growth 458 14.1 A Baseline Model of Schumpeterian Growth 459 14.2 A One-Sector Schumpeterian Growth Model 468 14.3 Innovation by Incumbents and Entrants 472 14.4 Step-by-Step Innovations * 479 14.5 Taking Stock 489 14.6 References and Literature 490 14.7 Exercises 491 Chapter 15: Directed Technological Change 497 15.1 Importance of Biased Technological Change 498 15.2 Basics and Definitions 500 15.3 Baseline Model of Directed Technological Change 503 15.4 Directed Technological Change with Knowledge Spillovers 514 15.5 Directed Technological Change without Scale Effects 518 15.6 Endogenous Labor-Augmenting Technological Change 519 15.7 Generalizations and Other Applications 522 15.8 An Alternative Approach to Labor-Augmenting Technological Change* 523 15.9 Taking Stock 526 15.10 References and Literature 527 15.11 Exercises 529 Part V: Stochastic Growth Chapter 16: Stochastic Dynamic Programming 537 16.1 Dynamic Programming with Expectations 537 16.2 Proofs of the Stochastic Dynamic Programming Theorems * 544 16.3 Stochastic Euler Equations 549 16.4 Generalization to Markov Processes * 552 16.5 Applications of Stochastic Dynamic Programming 554 16.6 Taking Stock 561 16.7 References and Literature 561 16.8 Exercises 562 Chapter 17: Stochastic Growth Models 566 17.1 The Brock-Mirman Model 567 17.2 Equilibrium Growth under Uncertainty 571 17.3 Application: Real Business Cycle Models 579 17.4 Growth with Incomplete Markets: The Bewley Model 583 17.5 The Overlapping Generations Model with Uncertainty 586 17.6 Risk, Diversification, and Growth 588 17.7 Taking Stock 603 17.8 References and Literature 604 17.9 Exercises 605 Part VI: Technology Diffusion, Trade, and Interdependences Chapter 18: Diffusion of Technology 611 18.1 Productivity Differences and Technology 611 18.2 A Benchmark Model of Technology Diffusion 613 18.3 Technology Diffusion and Endogenous Growth 619 18.4 Appropriate and Inappropriate Technologies and Productivity Differences 623 18.5 Contracting Institutions and Technology Adoption 630 18.6 Taking Stock 642 18.7 References and Literature 643 18.8 Exercises 644 Chapter 19: Trade and Growth 648 19.1 Growth and Financial Capital Flows 648 19.2 Why Does Capital Not Flow from Rich to Poor Countries? 653 19.3 Economic Growth in a Heckscher-Ohlin World 655 19.4 Trade, Specialization, and the World Income Distribution 663 19.5 Trade, Technology Diffusion, and the Product Cycle 674 19.6 Trade and Endogenous Technological Change 678 19.7 Learning-by-Doing, Trade, and Growth 680 19.8 Taking Stock 684 19.9 References and Literature 685 19.10 Exercises 687 Part VII: Economic Development and Economic Growth Chapter 20: Structural Change and Economic Growth 697 20.1 Nonbalanced Growth: The Demand Side 697 20.2 Nonbalanced Growth: The Supply Side 703 20.3 Agricultural Productivity and Industrialization 715 20.4 Taking Stock 719 20.5 References and Literature 720 20.6 Exercises 721 Chapter 21: Structural Transformations and Market Failures in Development 725 21.1 Financial Development 726 21.2 Fertility, Mortality, and the Demographic Transition 729 21.3 Migration, Urbanization, and the Dual Economy 736 21.4 Distance to the Frontier and Changes in the Organization of Production 744 21.5 Multiple Equilibria from Aggregate Demand Externalities and the Big Push 752 21.6 Inequality, Credit Market Imperfections, and Human Capital 758 21.7 Toward a Unified Theory of Development and Growth? 764 21.8 Taking Stock 768 21.9 References and Literature 769 21.10 Exercises 771 Part VIII: The Political Economy of Growth Chapter 22: Institutions, Political Economy, and Growth 781 22.1 The Impact of Institutions on Long-Run Development 781 22.2 Distributional Conflict and Economic Growth in a Simple Society 784 22.3 The Canonical Cobb-Douglas Model of Distributional Conflict 792 22.4 Distributional Conflict and Competition 793 22.5 Subgame Perfect versus Markov Perfect Equilibria 799 22.6 Inefficient Economic Institutions: A First Pass 802 22.7 Heterogeneous Preferences, Social Choice, and the Median Voter * 805 22.8 Distributional Conflict and Economic Growth: Heterogeneity and the Median Voter 814 22.9 The Provision of Public Goods: Weak versus Strong States 817 22.10 Taking Stock 822 22.11 References and Literature 823 22.12 Exercises 825 Chapter 23: Political Institutions and Economic Growth 831 23.1 Political Regimes and Economic Growth 832 23.2 Political Institutions and Growth-Enhancing Policies 834 23.3 Dynamic Trade-offs 837 23.4 Understanding Endogenous Political Change 850 23.5 Taking Stock 856 23.6 References and Literature 857 23.7 Exercises 858 Epilogue: Mechanics and Causes of Economic Growth 861 What Have We Learned? 861 A Possible Perspective on Growth and Stagnation over the Past 200 Years 864 Many Remaining Questions 872 Part IX: Mathematical Appendixes Appendix A: Odds and Ends in Real Analysis and Applications to Optimization 877 A.1 Distances and Metric Spaces 878 A.2 Mappings, Functions, Sequences, Nets, and Continuity 880 A.3 A Minimal Amount of Topology: Continuity and Compactness * 885 A.4 The Product Topology * 889 A.5 Absolute Continuity and Equicontinuity * 891 A.6 Correspondences and Berge's Maximum Theorem 894 A.7 Convexity, Concavity, Quasi-Concavity, and Fixed Points 898 A.8 Differentiation, Taylor Series, and the Mean Value Theorem 900 A.9 Functions of Several Variables and the Inverse and Implicit Function Theorems 904 A.10 Separation Theorems * 907 A.11 Constrained Optimization 910 A.12 Exercises 915 Appendix B: Review of Ordinary Differential Equations 917 B.1 Eigenvalues and Eigenvectors 917 B.2 Some Basic Results on Integrals 918 B.3 Linear Differential Equations 920 B.4 Solutions to Linear First-Order Differential Equations 921 B.5 Systems of Linear Differential Equations 924 B.6 Local Analysis and Stability of Nonlinear Differential Equations 926 B.7 Separable and Exact Differential Equations 927 B.8 Existence and Uniqueness of Solutions 929 B.9 Continuity and Differentiability of Solutions 930 B.10 Difference Equations 930 B.11 Exercises 932 Appendix C: Brief Review of Dynamic Games 934 C.1 Basic Definitions 934 C.2 Some Basic Results 937 C.3 Application: Repeated Games with Perfect Observability 941 C.4 Exercises 942 Appendix D: List of Theorems 944 Chapter 2 944 Chapter 5 944 Chapter 6 944 Chapter 7 945 Chapter 10 945 Chapter 16 945 Chapter 22 946 Appendix A 946 Appendix B 947 Appendix C 947 References 949 Name Index 971 Subject Index 977
£49.50
Princeton University Press Monetary Policy Inflation and the Business Cycle
Book SynopsisThis revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfTrade ReviewPraise for the previous edition: "A state-of-the-art treatment of the emerging New Keynesian synthesis by one of the leaders in the field, Gali's book is a must-read for the next generation of macroeconomists."--N. Gregory Mankiw, Harvard University Praise for the previous edition: "Authoritative. This book will be very useful to graduate students and to others seeking an introduction to modern work in this area."--Michael Woodford, Columbia University Praise for the previous edition: "This is a wonderfully elegant and accessible introduction to the contemporary New Keynesian paradigm, written by one of the leading experts in the field. This monograph presents what one should know in a clean, cogent, and concise manner. I fully expect it to become a standard reference for both students and researchers in the field."--Mark Gertler, New York University Praise for the previous edition: "Jordi Gali provides an authoritative overview of the research that revolutionized monetary economics during the past decade, by embedding sticky prices in a coherent dynamic general equilibrium framework--thus providing a novel and much clearer positive and normative analysis of monetary policy. The presentation is elegant and intuitive, yet rigorous. The book will be a standard reference for graduate students, researchers, and policymakers. It is also highly recommended as a textbook for money/macro courses. Numerous useful exercises are provided."--Robert Kollmann, European Center for Advanced Research in Economics and Statistics, Free University of Brussels Praise for the previous edition: "This book provides an excellent introduction and exegesis of the New Keynesian model that is the current state of the art in the analysis of monetary policy. It will find a large audience with research economists, graduate students, and staffers in central banks around the world."--Philip R. Lane, Trinity College Dublin Praise for the previous edition: "Systematic and concise. This is a fine book that is likely to become the key basic text for graduate courses on monetary policy."--Seppo Honkapohja, University of Cambridge Praise for the previous edition: "With this book, magician Gali has pulled another important rabbit out of his hat. The book will help to increase the popularity of the New Keynesian model with graduate students, tomorrow's policymakers, and today's policymakers alike. Therefore, it can be considered a real grassroots initiative."--Christian Merkl, Journal of EconomicsTable of ContentsPreface ix CHAPTER 1 Introduction 1 CHAPTER 2 A Classical Monetary Model 17 CHAPTER 3 The Basic New Keynesian Model 52 CHAPTER 4 Monetary Policy Design in the Basic New Keynesian Model 98 CHAPTER 5 Monetary Policy Tradeoffs: Discretion versus Commitment 126 CHAPTER 6 A Model with Sticky Wages and Prices 163 CHAPTER 7 Unemployment in the New Keynesian Model 199 CHAPTER 8 Monetary Policy in the Open Economy 223 CHAPTER 9 Lessons, Extensions, and New Directions 261 Index 271
£63.00
Princeton University Press The Art of Social Theory
Book SynopsisIn the social sciences today, students are taught theory by reading and analyzing the works of Karl Marx, Max Weber, and other foundational figures of the discipline. What they rarely learn, however, is how to actually theorize. The Art of Social Theory is a practical guide to doing just that. In this one-of-a-kind user's manual for social theorisTrade Review"[C]oncise and readable... Writing in accessible language and using the canon of social theorists to illustrate points, Swedberg meets a need for practitioners and students alike."--ChoiceTable of ContentsIntroduction: Why Theorize and Can You Learn to Do It? 1 Part 1: How to Theorize Chapter 1. Starting Anew 13 Chapter 2. Social Observation 29 Chapter 3. Naming, Concept, and Typology 52 Chapter 4. Analogy, Metaphor, and Pattern 80 Chapter 5. Coming Up with an Explanation 98 Part 2: Preparing for Theorizing Chapter 6. Heuristics 127 Chapter 7. Practical Exercises 146 Chapter 8. The Role of Theory 169 Chapter 9. Imagination and Art 188 Chapter 10. Summary and More 210 Appendix: How to Theorize according to Charles S. Peirce 230 Acknowledgments 249 Notes 251 References 253 Index 279
£21.25
Princeton University Press Phishing for Phools
Book SynopsisEver 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 thereTrade ReviewGeorge A. Akerlof, Co-Winner of the 2001 Nobel Prize in Economics Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2016 Gold Medal in Economics, Axiom Business Book Awards One of Foreign Affairs' Best Economic, Social, and Environmental (Economics) Books of 2016 Selected for Bloomberg View's "The Writing that Shaped Economic Thinking in 2016" One of The Times Literary Supplement's Books of the Year 2016, chosen by Paul Collier Honorable Mention for the 2016 PROSE Award in Economics, Association of American Publishers One of The Independent's Best Economics Books 2015 One of LinkedIn's Best Business Books of 2015 One of BusinessInsider.com's Best Business Books of 2015 One of Legal Theory Bookworm's Books of the Year 2015 Longlisted for the Financial Times and McKinsey Business Book of the Year 2015 "[Akerlof and Shiller] want to go far beyond behavioral economics, at least in its current form. They offer a much more general, and quite damning, account of why free markets and competition cause serious problems... They are intellectual renegades... Akerlof and Shiller make a convincing argument that phishing occurs because of the operation of the invisible hand, not in spite of it... [This] extraordinary book tells us something true, and profoundly important, about the operation of the invisible hand."--Cass Sunstein, New York Review of Books "No question, Phishing for Phools is a radical book. It may also be a radically important one."--Fortune "Entertaining, readable and provocative."--John Lanchester, London Review of Books "I highly recommend this, even for those who might disagree with the authors' outlook. Their case studies are illuminating, and their insights on the way markets work are fascinating. When you consider the sorry state of the personal finances of the median working age family in the United States today, it's hard to disagree with their central thesis that our current system isn't working properly."--John Reeves, The Motley Fool, USA Today "A needed call for skeptical economics and financial mindfulness."--Nature "Using compelling examples of flawed decision making from advertising, health care and personal finances, the authors identify our rational weak spots and arm readers with the ability to resist manipulation."--Scientific American Mind "As you would expect, it's a very clearly written book with tons of examples. And it makes a simple and powerful point about the fragility of the normative, welfare economics conclusions economists tend to draw."--Diane Coyle, The Enlightened Economist "Akerlof and Shiller present convincing evidence of how tobacco, pharmaceutical, and liquor companies and politicians weasel a chapter of their own into our life stories, abusing the mutual storytelling--with all its signs and wonders--that is elemental to our humanity."--Peter Lewis, Barnes & Noble Review "With accessible language and everyday examples, Shiller and Akerlof are taking on the powerful belief that aside from a few blemishes (like widening income inequality) only fools advocate interfering with the free market."--Chris Farrell, Minneapolis Star Tribune "The book's central message is certainly thought-provoking."--The Economist "Phishing for Phools forswears technical language, making this book accessible not only to economists but to consumers and policymakers. It should make everyone rethink the unfettered free-market model."--Brenda Jubin, Investing.com "It's a very clearly written book with tons of examples. And it makes a simple and powerful point about the fragility of the normative, welfare economics conclusions economists tend to draw."--Enlightened Economist "Its critique of conventional economics is more powerful and comprehensive--and more paternalistic--than that of Animal Spirits."--Carlos Lozada, Washington Post "[Akerlof's and Shiller's] insight is a powerful one."--Economist.com's Buttonwood blog "Akerlof and Shiller show that unregulated free markets systematically make people worse off by providing the unscrupulous with opportunities to take advantage of the unwary."--Adam Bouyamourn, The National "[Phishing for Phools] serves the important purpose of holding up a mirror to economics, a subject that prides itself on (supposedly) being the most sophisticated of all the social sciences. Economics may look sophisticated on paper, but it is often completely out of touch when it comes to reality."--Victoria Bateman, Times Higher Education "The book offers powerful support for a skeptical view of free markets, but it's also a helpful guide for consumers to avoid getting ripped off in the course of making important purchases."--Chris Matthews, Fortune "An interesting and entertaining new book by George Akerlof and Robert Shiller looks at the role of trickery in market economies. Phishing for Phools explains that sellers are often out to deceive you, and shows that this isn't an occasional glitch in the market system so much as an intrinsic and pervasive trait... Phishing for Phools aims to help readers understand their psychological weaknesses, so that the phishermen can be phended off more ephectively."--Clive Crook, Bloomberg View "Where Akerlof and Shiller break new ground is the sweeping application of the idea of the 'phishing equilibrium' to finance... The style of Phishing for Phools will be familiar to fans of Shiller's work: light on jargon and pacy enough not to outstay its welcome. The authors tell some engaging tales."--Robin Harding, Financial Times "[A] surprisingly readable yet highly original book ... the evidence and explanations marshaled by Akerlof and Shiller are compelling and they have profound political implications ... an enlightening read by two expert economists. It should be required reading for policy makes and for consumers (which is to say, all of us... [An] important, sobering book."--Oliver Kamm, The Times "Narratives in this impressive book tell how to avoid being tricked by means of better enforcement and being told of pending scams... [O]ne of the few titles dealing with fraud in the marketplace."--Library Journal "The authors provide is a ... unifying theory for all kinds of trickery, an economic explanation for why deception is so rampant. It takes many of our scattered findings about humanity's blind spots--both psychological weakness and a lack of perfect information--and weaves them into a comprehensive framework that has the potential to be devastating for free market fundamentalists."--Victoria Finkle, Washington Monthly "Its central idea is an important one and merits more attention."--Emran Mian, Prospect "Phishing for Phools is packed with examples--including subprime mortgages, pharmaceuticals, political campaigns, gym memberships, credit cards, cars and cranberry juice labels--of the pervasiveness of deception and manipulation in our economy and the price it exacts on individuals and the society at large."--Glenn C. Altschuler, Tulsa World "This interesting book is written by economists mainly for economists, but it includes many entertaining stories about business behavior (and some disturbing ones), told in lively and accessible prose."--Foreign Affairs "The book is easy to read and relate; and more importantly will make you start thinking of the number of times you have been phished. The list would be endless!"--Madan Sabnavis, BusinessWorld "This unusual book offers a simple but challenging corrective to the assumptions made by most mainstream economists... Probably not every reader will agree with every interpretation or argument--but every reader will find something that enlightens and stimulates."--James Ledbetter, Yale Alumni Magazine "This book was enjoyable to read, and the expertise and knowledge of the authors are abundantly evident."--William Holcomb, PsycCRITIQUES "Bob and George urge us to slap Adam Smith's invisible hand when it steals from everybody's cookie jar. They ask us to ponder those situations, economic or political, that provide particularly tempting opportunities to phish for phools... Penetrating insights rendered in accessible prose."--Marlene Lang May, CommonwealTable of ContentsPREFACE vii INTRODUCTION Expect to Be Manipulated: Phishing Equilibrium 1 PART ONE Unpaid Bills and Financial Crash CHAPTER ONE Temptation Strews Our Path 15 CHAPTER TWO Reputation Mining and Financial Crisis 23 PART TWO Phishing in Many Contexts CHAPTER THREE Advertisers Discover How to Zoom In on Our Weak Spots 45 CHAPTER FOUR Rip-offs Regarding Cars, Houses, and Credit Cards 60 CHAPTER FIVE Phishing in Politics 72 CHAPTER SIX Phood, Pharma, and Phishing 84 CHAPTER SEVEN Innovation: The Good, the Bad, and the Ugly 96 CHAPTER EIGHT Tobacco and Alcohol 103 CHAPTER NINE Bankruptcy for Profit 117 CHAPTER TEN Michael Milken Phishes with Junk Bonds as Bait 124 CHAPTER ELEVEN The Resistance and Its Heroes 136 PART THREE Conclusion and Afterword CONCLUSION: EXAMPLES AND GENERAL LESSONS New Story in America and Its Consequences 149 AFTERWORD The Significance of Phishing Equilibrium 163 ACKNOWLEDGMENTS 175 NOTES 181 BIBLIOGRAPHY 233 INDEX 257
£19.80
