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BUSINESS & ECONOMICS:

Economics

Capitalists, Workers, and Fiscal Policy
Thomas R. Michl
Hardcover January 2009
The Economic Structure of International Law
Joel Trachtman
Hardcover November 2008
Institutions and Economic Performance
Edited by Elhanan Helpman
Hardcover November 2008
Adam's Fallacy
Duncan K. Foley
This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.
Paperback April 2008
The ABCs of RBCs
George McCandless
The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. It is designed to teach the economic practitioner or student how to build simple RBC models. Matlab code for solving many of the models is provided, and careful readers should be able to construct, solve, and use their own models.
Hardcover March 2008
The Dismal Science
Stephen A. Marglin
Insurance may be an efficient way of organizing resources, but the deep social and human ties that constitute community are weakened by the shift from reciprocity to market relations. This book dissects the ways in which the foundational assumptions of economics justify a world in which individuals are isolated from one another and social connections are impoverished. Marglin presents an account of how this happened and an argument for righting the imbalance that this ideology has fostered.
Hardcover January 2008
Valuing Children
Nancy Folbre
While parents spend significant time as well as money on children, most estimates of the "cost" of children ignore the value of this time. Folbre provides a startlingly high but entirely credible estimate of the value of parental time per child by asking what it would cost to purchase a comparable substitute for it.
Hardcover January 2008
Worst-Case Scenarios
Cass R. Sunstein
Nuclear bombs in suitcases, anthrax bacilli in ventilators, tsunamis and meteors, avian flu, scorchingly hot temperatures: nightmares that were once the plot of Hollywood movies are now frighteningly real possibilities. Sunstein explores these and other worst-case scenarios and how we might best prevent them in this vivid, illuminating, and highly original analysis.
Hardcover November 2007
Rewarding Work
Edmund S. Phelps
Since the 1970s a gulf has opened between the pay of low-paid workers and that of the middle class, resulting in the departure or frustration of much of the labor force. For Phelps, this is a failure of political economy whose widespread effects are undermining the free-enterprise system. His solution is a graduated schedule of tax subsidies to enterprises for every low-wage worker they employ. As firms hire more of these workers, the labor market would tighten, driving up their pay levels as well as their employment.
Paperback October 2007
Income, Wealth, and the Maximum Principle
Martin L. Weitzman
This compact and original exposition of optimal control theory and applications is designed for graduate and advanced undergraduate students in economics. It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable students to solve any one-dimensional problem routinely. Its unified framework illuminates many famous economic examples and models and also emphasizes the connection between optimal control theory and the classical themes of capital theory. The book will be valuable to students who want to formulate and solve dynamic allocation problems. It will also be of interest to any economist who wants to understand results of the latest research on the relationship between comprehensive income accounting and wealth or welfare.
Paperback September 2007
Strategies of Commitment and Other Essays
Thomas C. Schelling
All of the essays in this new collection by Thomas Schelling convey his unique perspective on individuals and society. Schelling, a 2005 Nobel Prize winner, has been one of the four or five most important social scientists of the past fifty years, and this collection shows why.
Paperback September 2007