Download or read book Beyond Pigou written by Casey B. Mulligan and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extent of voluntary cooperation in the presence of externalities is shown as an equilibrium outcome in the supply and demand framework. The analysis uses familiar ingredients to provide a new way of understanding the results of the extensive literature beginning with Buchanan, Coase, Ostrom, Shapley, Telser, Tullock, and Williamson showing that a Pigouvian tax is not the only alternative to independently acting individuals who are coordinated merely through distorted market prices. Voluntary cooperation can have a far different incidence than Pigouvian taxes and subsidies while changing the character of the costs resulting from externalities. The paper discusses applications including forest management, volume discounts, residential associations, energy policy, the scope of planning of household activities, and the role of workplaces in preventing infectious disease.
Download or read book The Economics of Welfare written by Arthur Cecil Pigou and published by . This book was released on 1920 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The First Serious Optimist written by Ian Kumekawa and published by Princeton University Press. This book was released on 2017-06-06 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking intellectual biography of one of the twentieth century's most influential economists The First Serious Optimist is an intellectual biography of the British economist A. C. Pigou (1877–1959), a founder of welfare economics and one of the twentieth century's most important and original thinkers. Though long overshadowed by his intellectual rival John Maynard Keynes, Pigou was instrumental in focusing economics on the public welfare. And his reputation is experiencing a renaissance today, in part because his idea of "externalities" or spillover costs is the basis of carbon taxes. Drawing from a wealth of archival sources, Ian Kumekawa tells how Pigou reshaped the way the public thinks about the economic role of government and the way economists think about the public good. Setting Pigou's ideas in their personal, political, social, and ethical context, the book follows him as he evolved from a liberal Edwardian bon vivant to a reserved but reform-minded economics professor. With World War I, Pigou entered government service, but soon became disenchanted with the state he encountered. As his ideas were challenged in the interwar period, he found himself increasingly alienated from his profession. But with the rise of the Labour Party following World War II, the elderly Pigou re-embraced a mind-set that inspired a colleague to describe him as "the first serious optimist." The story not just of Pigou but also of twentieth-century economics, The First Serious Optimist explores the biographical and historical origins of some of the most important economic ideas of the past hundred years. It is a timely reminder of the ethical roots of economics and the discipline's long history as an active intermediary between the state and the market.
Download or read book Beyond Growth written by Herman E. Daly and published by Beacon Press. This book was released on 2014-09-30 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics." --Utne Reader "Considered by most to be the dean of ecological economics, Herman E. Daly elegantly topples many shibboleths in Beyond Growth. Daly challenges the conventional notion that growth is always good, and he bucks environmentalist orthodoxy, arguing that the current focus on 'sustainable development' is misguided and that the phrase itself has become meaningless." --Mother Jones "In Beyond Growth, . . . [Daly] derides the concept of 'sustainable growth' as an oxymoron. . . . Calling Mr. Daly 'an unsung hero,' Robert Goodland, the World Bank's top environmental adviser, says, 'He has been a voice crying in the wilderness.'" --G. Pascal Zachary, The Wall Street Journal "A new book by that most far-seeing and heretical of economists, Herman Daly. For 25 years now, Daly has been thinking through a new economics that accounts for the wealth of nature, the value of community and the necessity for morality." --Donella H. Meadows, Los Angeles Times "For clarity of vision and ecological wisdom Herman Daly has no peer among contemporary economists. . . . Beyond Growth is essential reading." --David W. Orr, Oberlin College "There is no more basic ethical question than the one Herman Daly is asking." --Hal Kahn, The San Jose Mercury News "Daly's critiques of economic orthodoxy . . . deliver a powerful and much-needed jolt to conventional thinking." --Karen Pennar, Business Week Named one of a hundred "visionaries who could change your life" by the Utne Reader,Herman Daly is the recipient of many awards, including a Grawemeyer Award, the Heineken Prize for environmental science, and the "Alternative Nobel Prize," the Right Livelihood Award. He is professor at the University of Maryland's School of Public Affairs, and coauthor with John Cobb, Jr., of For the Common Good.
Download or read book Beyond Pigou written by Julien Manili and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disclosure of most product attributes related to environmental quality is not mandatory, and consumers have to rely on the information strategically disclosed by manufacturers to form their perceptions. I study consumer perceptions in a voluntary disclosure model and show that markets fail to internalize environmental concern due to a phenomenon of wishful belief formation. Plausible frictions such as the presence of strategic naiveté or inattention prevent consumers from deducing quality from disclosure behavior. This uncertainty gives bite to wishful belief formation and allows manufacturers to greenwash consumers by means of vague disclosures. These misperceptions create a "lemons" problem that unravels the green market and green innovation. Mandatory disclosure can be used to restore the pressure of the demand side on dirty production and induce green technological change.
Download or read book Wealth and Welfare written by Arthur Cecil Pigou and published by . This book was released on 1912 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rethinking Economics as Social Theory written by Richard E. Wagner and published by Edward Elgar Publishing. This book was released on 2022-11-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking an innovative look at the origins of economics, this forward-thinking book relocates economics from a materialistic general theory of rational action into an idealistic theory of social organization and individual action. Adding new insightful analytical methods such as complexity theory, graph theory and computational modelling to the original insights of the Scottish Enlightenment, Richard E. Wagner explores economics in an ever-changing society, looking at the key civilizing processes and the important social questions.
Download or read book Theory of Unemployment written by Arthur Cecil Pigou and published by Routledge. This book was released on 2013-10-28 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1968. A reprinting of the original collection of essays on unemployment, from 1933, which are addressed to students of economics. Concerning the areas of the form of the real demand function for labour in particular occupations, the monetary factor, with the aim of a direct discussion on the causation of unemployment and its fluctuations.
Download or read book Choice Preferences and Procedures written by Kotaro Suzumura and published by Harvard University Press. This book was released on 2016-06-06 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kotaro Suzumura is one of the world’s foremost thinkers in social choice theory and welfare economics. Bringing together essays that have become classics in the field, Choice, Preferences, and Procedures examines foundational issues of normative economics and collective decision making. Social choice theory seeks to critically assess and rationally design economic mechanisms for improving human life. An important part of Suzumura’s contribution over the past forty years has entailed fusion of abstract microeconomic ideas with an understanding of real-world economies in a coherent analysis. This volume of selected essays reveals the evolution of Suzumura’s thinking over his career. Groundbreaking papers explore the nature of individual and social choice and the idea of assigning value to freedom of choice, different forms of rationality, and concepts of individual rights, equity, and fairness. Suzumura elucidates his innovative approach for recognizing interpersonal comparisons in the vein of Adam Smith’s notion of sympathy and expounds the effect of paying due attention to nonconsequential features, such as the opportunity to choose and the procedure for decision making, along with the standard consequential features. Analyzing the role of economic competition, Suzumura points out how restricting competition may, in some circumstances, improve social welfare. This is not to recommend government regulation rather than market competition but to emphasize the importance of procedural features in a competitive context. He concludes with illuminating essays on the history of economic thought, focusing on the ideas of Vilfredo Pareto, Arthur Pigou, John Hicks, and Paul Samuelson.
Download or read book A History of Economic Theory and Method written by Robert B. Ekelund, Jr. and published by Waveland Press. This book was released on 2006-11-27 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics, as intellectual discourse, is not a settled body of principles; it is a heterogeneous discipline with numerous traditions, each based on a cluster of theories. Ekelund and Hebert, experienced researchers and educators, balance continuity and consensus in the evolution of economic theory with alternative points of view about the nature, scope, and method of economic inquiry. Their creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Building on the solid foundation of previous editions, the fifth edition of A History of Economic Theory and Method presents an updated and expanded examination of the essential theoretical elements of an economy and the numerous institutions that affect market behavior, beginning with the ancient Greeks and ending with the late twentieth century. It features an in-depth interpretation of the transition from classical to neoclassical economic thought, exposes some of the dissident voices raised against classical economic orthodoxy, discusses game theory, takes a close look at the origins of traditional microeconomics, avoids highly technical or graphically complicated material, and examines the advantages and disadvantages of economics achieving a scientific statusapplying mathematical and statistical techniques in economic inquiry. Chapters contain boxed material that enrich touchstone ideas or mark procedural disagreements and alternative approaches to economics.
Download or read book Externality and Institutions written by Andreas A. Papandreou and published by Oxford University Press. This book was released on 1998 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debate over the important concept of externality has influenced our perception of the role of governing authorities and has become central to our appraisal of the ecology-economy connection. Despite this, it remains hazy as a concept. This book examines ideas of externality and some of the ways that these have influenced and should continue to influence economics. The difficult issue of defining or characterising externalities is tackled and the effect that externality theory has had on major economic issues is investigated. The author provides a distinctive and non-technical survey of the various methodological approaches taken by economists to the issue of externalities. He fully explains and analyses the ideas lying behind the theory and looks at the failure of some markets to reconcile individual and social costs and benefits. The book's major theme is an exploration of institutional inefficiency and the implications of incorporating organizational costs into economic models.
Download or read book Beyond Exploitation written by Dr. Prabhakaran Anandan. MSW., Ph.D and published by Shashwat Publication. This book was released on 2023-11-08 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dear Readers, I am profoundly grateful to introduce "Beyond Exploitation," a book that delves into the remarkable journeys of rescued child laborers. It's a tribute to their resilience and the transformative power of rehabilitation. We explore the intricate layers of their recovery – from healing emotional scars to skill-building and education, addressing their psychosocial status. This book is more than past hardships; it's a testament to the indomitable human spirit and a call to action against child labor, recognizing the trauma they have endured. Let's unite in supporting robust rehabilitation programs. Together, we can create a world where every child can flourish. Join me in going "Beyond Exploitation."
Download or read book Beyond Politics written by Randy T. Simmons and published by Independent Institute. This book was released on 2011-09-01 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing students of economics, politics, and policy with a concise explanation of public choice, markets, property, and political and economic processes, this record identifies what kinds of actions are beyond the ability of government. Combining public choice with studies of the value of property rights, markets, and institutions, this account produces a much different picture of modern political economy than the one accepted by mainstream political scientists and welfare economists. It demonstrates that when citizens request that their governments do more than it is possible, net benefits are reduced, costs are increased, and wealth and freedom are diminished. Solutions are also suggested with the goal to improve the lot of those who should be the ultimate sovereigns in a democracy: the citizens.
Download or read book Beyond Pigou written by Alex Schmitt and published by . This book was released on 2014 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-07 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Download or read book Solving Social Dilemmas written by Roger D. Congleton and published by Oxford University Press. This book was released on 2022 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Solving Social Dilemmas demonstrates that social, political, and economic progress occur when ethical dispositions evolve in a manner that solves or ameliorate social dilemmas. That same process can account for the emergence of prosperous societies in the West during the late nineteenth and early twentieth centuries. It was substantially a consequence of increased moral support for commerce and careers in commerce that had emerged during the previous two centuries. To support these claims, two analytical histories are developed. The first uses elementary game theory to illustrate how critical social dilemmas can be solved by internalized ethical ideas about "proper" or "moral" conduct. That analytical history implies that in the absence of solutions to critical social dilemmas-of which there are many thousands-social, political, and economic development tends to be curtailed. The second analytical history surveys three centuries of ethical assessments concerning the proper role of commerce in a good life and good society. The authors reviewed all used economic illustrations to illustrate moral principles or how they may be applied. Because the illustrating examples are ones that their readers would have found "obvious," they shed light on the ethical dispositions in the communities to whom those works were addressed. Together, they reveal that concerns about the effects of market son ethical dispositions were diminishing during the centuries before the great acceleration of commerce in the nineteenth century. In fact, many of the authors reviewed argued that there was a complete harmony between ethical dispositions and commerce. Together the two narratives imply that shifts in norms directly and indirectly account for the relative prosperity of the West compared to other parts of the World during the twentieth century. It turns out that flourishing commercial societies have moral foundations"--
Download or read book Web and Internet Economics written by Michal Feldman and published by Springer Nature. This book was released on 2022-01-20 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 17th International Conference on Web and Internet Economics, WINE 2021, which was held online during December 14-17, 2021. The conference was originally planned to take place in Potsdam, Germany, but changed to a virtual event due to the COVID-19 pandemic. The 41 full papers presented in this volume were carefully reviewed and selected from 146 submissions. They were organized in topical sections as follows: mechanism design and pricing; matching, markets and equilibria; learning, fairness, privacy and behavioral models; social choice and cryptocurrencies.
