Economics
Economics (115)
Sunday, 05 September 2010 21:16
Economic Sociology: A Systematic Inquiry

The sociological study of economic activity has witnessed a significant resurgence. Recent texts have chronicled economic sociology's nineteenth-century origins while pointing to the importance of context and power in economic life, yet the field lacks a clear understanding of the role that concepts at different levels of abstraction play in its organization. Economic Sociology fills this critical gap by surveying the current state of the field while advancing a framework for further theoretical development.
Alejandro Portes examines economic sociology's principal assumptions, key explanatory concepts, and selected research sites. He argues that economic activity is embedded in social and cultural relations, but also that power and the unintended consequences of rational purposive action must be factored in when seeking to explain or predict economic behavior. Drawing upon a wealth of examples, Portes identifies three strategic sites of research--the informal economy, ethnic enclaves, and transnational communities--and he eschews grand narratives in favor of mid-range theories that help us understand specific kinds of social action.
The book shows how the meta-assumptions of economic sociology can be transformed, under certain conditions, into testable propositions, and puts forward a theoretical agenda aimed at moving the field out of its present impasse.
Published in
Economics
Sunday, 05 September 2010 21:15
The Company of Strangers: A Natural History of Economic Life

The Company of Strangers shows us the remarkable strangeness, and fragility, of our everyday lives. This completely revised and updated edition includes a new chapter analyzing how the rise and fall of social trust explain the unsustainable boom in the global economy over the past decade and the financial crisis that succeeded it.
Drawing on insights from biology, anthropology, history, psychology, and literature, Paul Seabright explores how our evolved ability of abstract reasoning has allowed institutions like money, markets, cities, and the banking system to provide the foundations of social trust that we need in our everyday lives. Even the simple acts of buying food and clothing depend on an astonishing web of interaction that spans the globe. How did humans develop the ability to trust total strangers with providing our most basic needs?
Published in
Economics
Friday, 03 September 2010 20:52
An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present (New Approaches to Economic and Social History)

This concise and accessible introduction to European economic history focusses on the interplay between the development of institutions and the generation and diffusion of knowledge-based technologies. The author challenges the view that European economic history before the Industrial Revolution was constrained by population growth outstripping available resources. He argues instead that the limiting factor was the knowledge needed for technological progress but also that Europe was unique in developing a scientific culture and institutions which were the basis for the unprecedented technological progress and economic growth of the nineteenth and twentieth centuries. Simple explanatory concepts are used to explain growth and stagnation as well as the convergence of income over time whilst text boxes, figures, an extensive glossary and online exercises enable students to develop a comprehensive understanding of the subject. This is the only textbook students will need to understand Europe's unique economic development and its global context.
Published in
Economics
Saturday, 28 August 2010 21:37
Financial Economics

This book examines economic activity in financial markets: how capital assets are priced and how these prices change over time. The analysis starts in a certainty setting by exploring way individuals use financial securities to choose their current and future consumption flows, before moving on to an uncertainty setting where security prices are obtained using standard intermediate microeconomic analysis that relies heavily on the use of diagrams to bring together the demand and supply decisions of traders in financial markets.
The book provides an excellent introduction to the basic classical finance model where financial assets are a veil over the real economy.
Most undergraduate finance textbooks emphasize explaining the institutional aspects of financial markets and rely heavily on partial equilibrium analysis, while most graduate finance textbooks use formal general equilibrium analysis. The analysis in this book sits between these two approaches and thus provides the student with a nuts and bolts guide to the whole area of financial economics.
Published in
Economics
Thursday, 26 August 2010 21:58
Exercise and Solutions Manual to Accompany Foundations of Modern Macroeconomics

This exercise and solutions manual accompanies Foundations of Modern Macroeconomics, Second Edition.
Foundations of Modern Macroeconomics deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each chapter of the manual contains short answer questions followed by longer intermediate and advanced exercises. Hints and tips as well as full solutions are provided making this an invaluable aid to the main text.
Published in
Economics
Thursday, 26 August 2010 21:57
The Foundations of Modern Macroeconomics

This book deals with all the major topics of modern macroeconomics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each 'frame' deals with a separate area of macroeconomics, and each contains a summary section of key points,
further reading, and exercises.
Published in
Economics
Sunday, 22 August 2010 15:10
Straddling Economics & Politics: Issues in Asia, the United States and the Global Economy By Charles Wolf

This collection of essays examines the case for and against globalization, the effects of U.S. economic and foreign policy, and numerous issues related to Asian economics and politics. Published in prominent journals and news media between 1996 and 2001, these cross-cutting essays are as relevant today as when they were first written. The author provides remarkable insight into the economic and military directions in which particular countries or regions are moving, and what these movements portend for the future.
Published in
Economics
Sunday, 22 August 2010 15:06
Economics for Real People By Gene Callahan

The second edition of the fun and fascinating guide to the main ideas of the Austrian School of economics, written in sparkling prose especially for the non-economist. Gene Callahan shows that good economics isn't about government planning or statistical models. It's about human beings and the choices they make in the real world.
This may be the most important book of its kind since Hazlitt's Economics in One Lesson. Though written for the beginner, it has been justly praised by scholars too, including Israel Kirzner, Walter Block, and Peter Boettke.
About the Author
Gene Callahan is a software-technology professional in Connecticut, an adjunct scholar of the Mises Institute, and a commentator on economics issues in venues such as Marketplace and The Free Market. This is his first book.
Published in
Economics
Wednesday, 18 August 2010 18:38
Livestock Economics

Livestock economics, or the application of economic methods to optimising the decisions made by livestock producers, grew to prominence around the turn of the 20th century. It focused on maximising the yield of livestocks while maintaining a good ecosystem. Throughout the last century, the discipline expanded and the current scope of the discipline is much broader.
Livestock economics today includes a variety of applied areas, having considerable overlap with conventional economics. It combines the technical aspects of livestock production with the business aspects of management, marketing and finance.
Published in
Economics
Wednesday, 18 August 2010 18:29
ECONOMICS IN RUSSIA (Modern Economic and Social History)

The history of Russian economic thought largely remains a grey area in the international literature, with a lack of comprehensive studies not only in the West, but also in Russia itself. Whilst over the last 15 years increasing amounts of work has been done on the subject, co-operation between Russian and Western researchers in this field leaves much to be desired. In order to improve this situation, this volume brings Russian and non-Russian researchers together to provide an overview of the current state of the topic and to give a stimulus for further research. Bringing together scholars from the UK, Germany, Japan, Australia, Finland and Russia, the collection puts forward differing, yet complimentary, perspectives on the long-term history of Russian economic ideas.Offering a broad collection of articles covering the period from the seventeenth to the twentieth centuries, authors have approached the subject from diverse theoretical angles. Contributions in the tradition of Blaug and Schumpeter focussing on economic analysis in a narrower sense, and contributions that - in line with authors like Pribram or Perlman/McCann - deal with economic thought in the context of history and culture, are all represented. In terms of content, the editors have encouraged approaches that represent different economic traditions in order to encourage a diversity of opinions on the national tradition of Russian economics. As such this volume not only offers the most up-to-date and comprehensive assessment of the subject, it also offers fascinating assessments of the possible future of Russian economic thought in the twenty-first century.
Published in
Economics
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