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  • Adam Smith’s Theory of Society

    Social Rules for Order in Society and Economy

    Series series Economics and Finance (R0)
    Many people are intrigued by the theories of Adam Smith, particularly those found within The Theory of Moral Sentiments (TMS). The ideas in his 18th-century manuscript are abstract, dense, and philosophical. Consequently, the insights from Adam Smith can be inaccessible to those who seek to understand these teachings.This book by Vernon L. Smith clarifies and contextualizes Adam Smith's work, ... Leer más

    $80.99 USD

  • A Life of Experimental Economics, Volume I

    Forty Years of Discovery

    Series series Economics and Finance (R0)
    This book provides an intimate history of Nobel Laureate Vernon Smith’s early life, combining elements of biography, history, economics and philosophy to show how crucial incidents early in his life provided the necessary framework for his research into experimental economics. Smith takes the reader from his family roots on the railroads and oil fields of Middle America to his early life on a farm ... Leer más

    $28.99 USD

  • Economics of Markets

    Neoclassical Theory, Experiments, and Theory of Classical Price Discovery

    Series series Economics and Finance (R0)
    This book establishes that neoclassical economics based on the marginal utility calculus failed to derive a theory of consumer market price discovery consistent with the experimental market evidence. Such markets involve inherently discrete final-demand items bought for consumption and not subject to resale. Classical economists following Adam Smith articulated a rich narrative of price discovery ... Leer más

    $49.99 USD

  • Rationality in Economics

    Constructivist and Ecological Forms

    The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book ... Leer más

    $44.99 USD

  • Humanomics

    Moral Sentiments and the Wealth of Nations for the Twenty-First Century

    Series series Cambridge Studies in Economics, Choice, and Society
    While neo-classical analysis works well for studying impersonal exchange in markets, it fails to explain why people conduct themselves the way they do in their personal relationships with family, neighbors, and friends. In Humanomics, Nobel Prize-winning economist Vernon L. Smith and his long-time co-author Bart J. Wilson bring their study of economics full circle by returning to the founder of ... Leer más

    $27.99 USD

  • Rethinking Housing Bubbles

    The Role of Household and Bank Balance Sheets in Modeling Economic Cycles

    In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing as a key element of economic cycles. The authors combine data from both laboratory and real markets to provide insight into the bubble propensity of real-world economic actors and use novel historical analysis on the Great Recession, the ... Leer más

    $70.99 USD

  • A Life of Experimental Economics, Volume II

    The Next Fifty Years

    Series series Economics and Finance (R0)
    This sequel to A Life of Experimental Economics, Volume I, continues the intimate history of Vernon Smith’s personal and professional maturation after a dozen years at Purdue. The scene now shifts to twenty-six transformative years at the University of Arizona, then to George Mason University, and his recognition by the Nobel Prize Committee in 2002. The book ends with his most recent decade at ... Leer más

    $28.99 USD

  • Who Owns the Environment?

    Series series The Political Economy Forum
    The past several decades have witnessed a growing recognition that environmental concerns are essentially property rights issues. Despite agreement that an absence of well-defined and consistently enforced property rights results in the exploitation of air, water, and other natural resources, there is still widespread disagreement about many aspects of America's property rights paradigm. The ... Leer más

    $72.99 USD

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  • Introduction to Modern Economic Growth

    From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growthIntroduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of ... Leer más

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  • The Theory of Moral Sentiments

    The first book from the renowned philosopher investigates the flip side of economic self-interest: the interest of the greater good.Best known for his revolutionary free-market economics treatise The Wealth of Nations, Adam Smith was first and foremost a moral philosopher. In his classic work The Theory of Moral Sentiments, he advanced ideas about conscience, moral judgment, and virtue that have ... Leer más

    $7.99 USD

  • The End of Theory

    Financial Crises, the Failure of Economics, and the Sweep of Human Interaction

    An in-depth look at how to account for the human complexities at the heart of today's financial systemOur economy may have recovered from the Great Recession—but not our economics. In The End of Theory, Richard Bookstaber discusses why the human condition and the radical uncertainty of our world renders the standard economic model—and the theory behind it—useless for dealing with financial crises. ... Leer más

    $32.39 USD

  • Governing the Commons

    The Evolution of Institutions for Collective Action

    de Elinor Ostrom ...
    Series series Canto Classics
    The governance of natural resources used by many individuals in common is an issue of increasing concern to policy analysts. Both state control and privatization of resources have been advocated, but neither the state nor the market have been uniformly successful in solving common pool resource problems. After critiquing the foundations of policy analysis as applied to natural resources, Elinor ... Leer más

    $21.99 USD