Doing Economics offers a clear and accessible guide to the nature of Economics. Unlike many other mainstream disciplines, economics is a subject that many students meet for the first time when they arrive at University to study the subject at degree level. The way economics is studied at university level can vary greatly from economics as represented in the media, but this handy beginner’s guide bridges that gap. This book answers such questions as: What is economics as a subject? What sorts of questions does it address? What skills are needed to become a good economist? Where will it take me? Students will be introduced to the key characters who contributed to the development of economics, as well as to the central ideas and concepts. This definitive guide outlines the attributes that make a good economist and presents a wide variety of employment opportunities that can follow the study of economics. Familiarising students with the important terms and issues, it is an essential volume for all students approaching this fascinating subject.
This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers the microeconomic, macroeconomic and monetary policy components of the field. Major features of the new edition include: Stylised facts on money demand and supply, and the relationships between monetary policy, inflation, output and unemployment in the economy. Theories on money demand and supply, including precautionary and buffer stock models, and monetary aggregation. Cross-country comparison of central banking and monetary policy in the US, UK and Canada, as well as consideration of the special features of developing countries. Monetary growth theory and the distinct roles of money and financial institutions in economic growth in promoting endogenous growth. This book will be of interest to teachers and students of monetary economics, money and banking, macroeconomics and monetary policy.
This eagerly anticipated new book from Tony Lawson contends that economics can profit from a more explicit concern with ontology (enquiry into the nature of existence) than has been its custom. By admitting that economics is not exactly a picture of health at the moment, Lawson hopes that we can move away from the bafflingly intransigent belief that economics is at its core reliant upon mathematical modelling. This maths-envy is the reason why economics is in a state of such disarray. Far from being a polemic against the mainstream, this excellent new book is concerned that if economics is to be saved from itself then there must be a realistic dialogue between the classical heterodox fields. Of interest to philosophers, sociologists and social scientists as well as economists, this comprehensive, logical book is a vital contribution to an important debate.
This book, first published in 1932, provides a survey of the subject of railway economics as a whole, including the theory and practice of railway charging; State regulation and ownership; railway amalgamation; railway capital; railway organization and labour problems. In addition a critical examination is made of the economic questions involved in electrification, train speeds, railway-owned road transport and other problems.
Culture is a priceless inheritance and source of wellbeing that is of immense value to humankind. Cultural economics set out to examine the nature and social benefits of cultural products and phenomena as they exist in the market. This volume is the masterpiece of Li Yining, one of the best-known Chinese economists, active in devoting his attention to the role of culture in the economy since the 1950s. Considering the importance of culture in the development of socialism with Chinese characteristics, the author combines cultural history, economic history, and the history of economic thought to produce unique perspectives. This book not only introduces the central concepts of cultural economics and the culture industry, but proposes several groundbreaking views that greatly influenced the culture policies of China, including cultural adjustment, cultural confidence, and cultural checks and balances. Researchers and students of economics, cultural studies, and Chinese politics, as well as policy makers, will benefit from this volume.
Over the last few decades behavioral economics has revolutionized the discipline. It has done so by putting the human back into economics, by recognizing that people sometimes make mistakes, care about others and are generally not as cold and calculating as economists have traditionally assumed. The results have been exciting and fascinating, and have fundamentally changed the way we look at economic behavior. This textbook introduces all the key results and insights of behavioral economics to a student audience. Ideas such as mental accounting, prospect theory, present bias, inequality aversion and learning are explained in detail. These ideas are also applied in diverse settings such as au...
This textbook offers a rigorous, calculus based presentation of the complexities of urban economics, which is suitable for students who are new to the subject. It focuses on structural details and explains the elements that make cities such highly productive entities, and also explores explores the mechanisms of labour productivity enhancement that are unique to cities. Written with a focus on location theory, key topics include: How cities are arranged; Housing prices; Urban transportation; Why some cities grow rapidly whilst others decline; How wages adjust to local costs of living; How suburbs function in relationship to the urban core; Public finance. This book will be essential reading for Urban Economics courses at both undergraduate and postgraduate level.
From the western United States to the Indian subcontinent, water issues have always been economic issues. Considered ubiquitous under the continents, groundwater varies considerably in depth, quality, accessibility, and availability. A unified discussion of groundwater and its economic importance, Groundwater Economics explores the application of economic evaluation and cost/benefit analysis for the use, protection, remediation and conservation of groundwater. The book reviews the major economic uses of and demand for groundwater, provides an ecosystem context for resource withdrawals, discusses the application of economics to groundwater policy and decisions, and explores the economics of g...
This volume sets forth as simply as possible the theoretical foundations which underlie the practical policies of democratic Socialism. This involves both a repudiation and a refutation of the assumptions of the older classical economists who believed in laissez-faire, and a careful differentiation of the economics of democratic Socialism from the neo-classical doctrines associated with the name of Maynard Keynes.
Economics is a broad and diverse discipline, but most economics textbooks only cover one way of thinking about the economy. This book provides an accessible introduction to nine different approaches to economics: from feminist to ecological and Marxist to behavioural. Each chapter is written by a leading expert in the field described and is intended to stand on its own as well as providing an ambitious survey that seeks to highlight the true diversity of economic thought. Students of economics around the world have begun to demand a more open economics education. This book represents a first step in creating the materials needed to introduce new and diverse ideas into the static world of und...