specialization and trade a re introduction to economics

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Specialization And Trade

Author : Arnold Kling
ISBN : 9781944424169
Genre : Business & Economics
File Size : 79. 20 MB
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Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.

Power And Plenty

Author : Ronald Findlay
ISBN : 069111854X
Genre : Business & Economics
File Size : 66. 75 MB
Format : PDF
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International trade has shaped the modern world. This book examines the successive waves of globalization and 'deglobalization' that have occurred during the past thousand years, looking at the technological and political causes behind these long-term trends.

Concrete Economics

Author : Stephen S. Cohen
ISBN : 9781422189818
Genre : Business & Economics
File Size : 40. 38 MB
Format : PDF
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Brilliantly written and argued, Concrete Economics shows exactly how the US government has shaped and directed the economy since the very inception of the country. This book does not rehash the sturdy and well-known arguments that to thrive, an entrepreneurial economy needs a social and policy environment characterized by a broad range of freedoms. Nor does it buy into the myth of the absolutely free market. Instead, Cohen and DeLong focus on the forgotten role played by the US government in initiating and enabling a redesign of the US economy. The government not only sets the ground rules for entrepreneurial activity but directs the surges of energy that mark a vibrant economy. It is as true for present-day Silicon Valley as it was for New England manufacturing at the dawn of the nineteenth century. This is not an argument based on abstract truths, complex correlations, or arcane discoveries, but rather on the facts of how the US economy succeeded so brilliantly. And that provides a blueprint for how the government, established companies, and new ventures can partner to yet again successfully reshape the economy.

The Instant Economist

Author : Timothy Taylor
ISBN : 9781101559772
Genre : Business & Economics
File Size : 36. 31 MB
Format : PDF, ePub
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The Only Economics Book You Will Ever Need - A Library Journal 2012 Best Business Book of the Year Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor tackles all the key questions and hot topics of both microeconomics and macroeconomics, including: Why do budget deficits matter? What exactly does the Federal Reserve do? Does globalization take jobs away from American workers? Why is health insurance so costly? The Instant Economist offers the knowledge and sophistication to understand the issues- so you can understand and discuss economics on a personal, national, and global level.

Invisible Wealth

Author : Arnold Kling
ISBN : 9781594035425
Genre : Business & Economics
File Size : 42. 98 MB
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The discipline of economics is not what it used to be. Over the last few decades, economists have begun a revolutionary reorientation in how we look at the world, and this has major implications for politics, policy, and our everyday lives. For years, conventional economists told us an incomplete story that leaned on the comfortable precision of mathematical abstraction and ignored the complexity of the real world with all of its uncertainties, unknowns, and ongoing evolution. What economists left out of the story were the positive forces of creativity, innovation, and advancing technology that propel economies forward. Economists did not describe the dynamic process that leads to new pharmaceuticals, cell phones, Web-based information services—forces that fundamentally alter how we live our daily lives. Economists also left out the negative forces that can hold economies back: bad governance, counterproductive social practices, and patterns of taking wealth instead of creating it. They took for granted secure property rights, honest public servants, and the willingness of individuals to experiment and adapt to novelty. From Poverty to Prosperity is not Tipping Point or Freakonomics. Those books offer a smorgasbord of fascinating findings in economics and sociology, but the findings are only loosely related. From Poverty to Prosperity on the other hand, tells a big picture story about the huge differences in the standard of living across time and across borders. It is a story that draws on research from the world’s most important economists and eschews the conventional wisdom for a new, more inclusive, vision of the world and how it works.

Illiberal Reformers

Author : Thomas C. Leonard
ISBN : 9781400874071
Genre : Business & Economics
File Size : 54. 75 MB
Format : PDF
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In Illiberal Reformers, Thomas Leonard reexamines the economic progressives whose ideas and reform agenda underwrote the Progressive Era dismantling of laissez-faire and the creation of the regulatory welfare state, which, they believed, would humanize and rationalize industrial capitalism. But not for all. Academic social scientists such as Richard T. Ely, John R. Commons, and Edward A. Ross, together with their reform allies in social work, charity, journalism, and law, played a pivotal role in establishing minimum-wage and maximum-hours laws, workmen's compensation, antitrust regulation, and other hallmarks of the regulatory welfare state. But even as they offered uplift to some, economic progressives advocated exclusion for others, and did both in the name of progress. Leonard meticulously reconstructs the influence of Darwinism, racial science, and eugenics on scholars and activists of the late nineteenth and early twentieth centuries, revealing a reform community deeply ambivalent about America's poor. Illiberal Reformers shows that the intellectual champions of the regulatory welfare state proposed using it not to help those they portrayed as hereditary inferiors but to exclude them.

Crossing

Author : Deirdre N. McCloskey
ISBN : 0226556689
Genre : Biography & Autobiography
File Size : 55. 52 MB
Format : PDF, Kindle
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The renowned male economist and historian who crossed gender lines by becoming a woman at age fifty-two shares her story in detail, recounting struggles with family and friends, professional problems, and unexpected surprises, such as conservative colleagues who proved to be accepting "gender libertarians."

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