Download or read book Beyond the Invisible Hand written by Kaushik Basu and published by Princeton University Press. This book was released on 2010-10-25 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why economics needs to focus on fairness and not just efficiency One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and its conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nature and role of state intervention might be. Comparing this view of the invisible hand with the vision described by Kafka—in which individuals pursuing their atomistic interests, devoid of moral compunction, end up creating a world that is mean and miserable—Basu argues for collective action and the need to shift our focus from the efficient society to one that is also fair. Using analytic tools from mainstream economics, the book challenges some of the precepts and propositions of mainstream economics. It maintains that, by ignoring the role of culture and custom, traditional economics promotes the view that the current system is the only viable one, thereby serving the interests of those who do well by this system. Beyond the Invisible Hand challenges readers to fundamentally rethink the assumptions underlying modern economic thought and proves that a more equitable society is both possible and sustainable, and hence worth striving for. By scrutinizing Adam Smith's theory, this impassioned critique of contemporary mainstream economics debunks traditional beliefs regarding best economic practices, self-interest, and the social good.

Download or read book The Mathematical Groundwork of Economics written by Sir Arthur Lyon Bowley and published by Oxford : Clarendon Press. This book was released on 1924 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Mathematical Groundwork of Economics written by Sir Arthur Lyon Bowley and published by Augustus m Kelley Pubs. This book was released on 1965-01-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Groundwork of Mathematical Probability and Statistics written by Amritava Gupta and published by Academic Publishers. This book was released on 1983 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bulletin of the British Library of Political and Economic Science written by British Library of Political and Economic Science and published by . This book was released on 1913 with total page 1106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Mathematical Gazette written by and published by . This book was released on 1926 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Calendar written by University of Calcutta and published by . This book was released on 1927 with total page 1052 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mathematics and Economics written by Rich MacDonald and published by Council for Economic Educat. This book was released on 2001 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Created specifically for high school mathematics teachers, this publication shows how mathematics concepts and knowledge can be used to develop economic and personal financial understandings.

Download or read book The Nation written by and published by . This book was released on 1925 with total page 926 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Theory of Positional Games with Applications in Economics written by Iosif A. Krass and published by Academic Press. This book was released on 2014-05-12 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Theory of Positional Games with Applications in Economics deals with information and probabilistic extension of games in extensive forms, in normal forms, and to the existence of solutions of infinite games. The text also explains the application of existence of a solution to a von Neumann model with conflict interaction, and the theory of differential games based on Isaac's equations. The text describes in detail the definitions of a difference game, control sets of players, general strategies, optimal behavioral strategies. Isaac's approach to differential games is based primarily on the assumption of the sufficient smoothness of a Bellman's function. Bellman's function becomes smooth if control functions satisfy certain regularity conditions and smoothness conditions. Other approaches to differential games include the geometric properties of games and those of Avner Friedman and Nokolai Krasovsky. The computation of behavioral strategies in the Friedman approach is primarily based on Isaac's approach. Krasovky's approach is somewhat a generalization of both the geometrical approach and Friedman's approximation approach. The book is suitable for economists, statistician, mathematicians, students or professors of economics, business, and games theory.

Download or read book Calendar written by University of Calcutta and published by . This book was released on 1927 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes "Examination Papers".

Download or read book The English Catalogue of Books written by Sampson Low and published by . This book was released on 1926 with total page 1900 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volumes for 1898-1968 include a directory of publishers.

Download or read book Risk Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Download or read book The Nation and Athen um written by and published by . This book was released on 1925 with total page 920 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Clare Market Review written by and published by . This book was released on 1923 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foundations of Supply Side Economics written by Victor A. Canto and published by Academic Press. This book was released on 2014-05-10 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.

Download or read book The English Catalogue of Books annual written by and published by . This book was released on 1925 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vols. for 1898-1968 include a directory of publishers.