Economics Illustrated

Principles of Economics is magnum opus of Alfred Marshall. It was the standard text for generations of economics students. Marshal’s plan for the work gradually extended to a two-volume compilation on the whole of economic thought. Marshall's influence on modifying economic thought is difficult to deny. He popularized the use of supply and demand functions as tools of price determination; modern economists owe the linkage between price shifts and curve shifts to Marshall.

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses. The founding of modern Western economics generally credited to the publication of Scottish philosopher Adam Smith's 1776 book, An Inquiry Into the Nature and Causes of the Wealth of Nations. In this book, the classic works of the founders of economic theory are selected. The Wealth of Nations by Adam Smith On the Principles of Political Economy and Taxation by David Ricardo Capital by Karl Marx Principles of Economics by Alfred Marshall The General Theory of Employment, Interest, and Money by John Maynard Keynes

A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.

This volume is a sampling of quips, verses, drawings, and even the music of one of the most original and versatile minds of the twentieth century, Kenneth Boulding prominent economist, lecturer, and author.The driving force behind Kenneth Boulding's wideranging book is that he truly en joys all that he does. Indeed, his greatest accomplishment may very well be that he was a profoundly happy man. This is reflected in works that are laced with beauty, wit, and extraordinary imagery-works that are often composed and appeared in the most unexpected of places. In the midst of one of the classic textbooks of his generally staid profession, Economic Analysis, Boulding introduced the "bathtub theorem." Illustrating Economics: Beasts, Ballads and Aphorisms is a collection of similar instances and, as such, it is fun.The reader should be advised that the book contains traps. Boulding coats his ideas with sugar to please his audience as well as promote consumption. He describes peace as "a drab girl with an olive branch corsage whom no red-blooded American (or Russian) could conceivably warm up to." The reader smiles at the recognition of the truth inherent within the image and ponders the irony of why so fine a state as peace should be regarded as dull, and so ugly a condition as war should be regarded as romantic. This book is for enjoyment, but it should carry the following warning: Caution-Reading this may be stimulating to your intellect.

The myth that women make 78 cents on a man’s dollar is a standard refrain in popular media and serves as a rationale for affirmative action for women. Unstated is that for women and men with the same job and work experience, the wage gap practically disappears. In Women’s Figures, Manhattan Senior Fellow Diana Furchtgott-Roth shatters the myth of the wage gap. Women are continuing to gain ground relative to men, and in some cases, they have even reversed the gender gap. Rather than helping women, preferential policies undermine America’s idea of meritocracy, and call into question the value of women’s hard-earned achievements.

Consisting of straightforward statements about the United States--each one explained in a page of text and a page of bold graphs and charts--this guide is an excellent and practical desktop reference for anyone seeking to make sense of economic news or, more importantly, to place it in context.

With 150 original color charts and graphs, The Illustrated Guide to the American Health Care Economy is an attractive, user-friendly, one-of-a-kind resource on the economics of health care in the United States. Covering topics such as 'How Is Each Health Care Dollar Spent?' and 'Who Pays for Health Services?,' this comprehensive, accessible guide will be of interest to everyone concerned about the future of health care in America.

This book is a valuable asset for anyone seeking to make sense of economic news or, more importantly, to place it in a broader context.

From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.