Explorations in Pragmatic Economics
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Product details:
- Publisher OUP Oxford
- Date of Publication 17 March 2005
- ISBN 9780199253906
- Binding Hardback
- No. of pages528 pages
- Size 242x163x34 mm
- Weight 906 g
- Language English 0
Categories
Short description:
Akerlof illustrates how his 'modern', Nobel Prize-winning methodology of using 'tailor-made' economic models to solve problems differs from the standard, benchmark, all-encompassing general-equilibrium-perfect competition-based methodology.
MoreLong description:
Explorations in Pragmatic Economics provides that long awaited compilation of favorite hits by Akerlof and his coauthors. ...the book compiles some of the most innovative articles written in the past few decades. It is a must read...for any economist, be it a micro, macro, behavioral, or misbehavioral one.
MoreTable of Contents:
Introduction
Part 1: Microeconomics
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
The Economics of Caste and of the Rate Race and Other Woeful Tales
Discriminatory, Status-based Wages among Tradition-oriented, Stochastically Trading Coconut Producers
Economics and Identity
The Economics of "Tagging" as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning
An Analysis of Out-of-Wedlock Childbearing in the United States
Men Without Children
The Economic Consequences of Cognitive Dissonance
The Economics of Illusion
Procrastination and Obedience
Looting: The Economic Underworld of Bankruptcy for Profit
Part 2: Macroeconomics
Relative Wages and the Rate of Inflation
The Microeconomic Foundations of a Flow of Funds Theory of the Demand for Money
Irving Fisher on his Head: The Consequences of Constant Threshhold-Target Monitoring of Money Holdings
Jobs as Dam Sites
Labor Contracts as Partial Gift Exchange
The Fair Wage-Effort Hypothesis anmd Unemployment
A Near-Rational Model of the Business Cycle, with Wage and Price Inertia
The Macroeconomics of Low Inflation
Behavioral Macroeconomics and Macroeconomic Behavior
