The psichology of economic decisions

.Vol.II: Reasons and choices

A collection of carefully selected contributions to behavioural economics from some of the leading international scholars in the field. Designed to fully complement Volume One, topics covered include preferences, behavioral game theory, motivated mental states, and emotions and decision-making. The book will provide a point ...

La toma de decisiones en la práctica

Ante la enorme dificultad que para el estudiante tienen las materias de carácter cuantitativo y, en especial, las relacionadas con la Matemática Financiera y la Teoría Decisional,ofrecemos al estudiante, y pensando exclusivamente en él,esta obra totalmente práctica de manera que,a través de ...

Strategic learning and its limits

In this concise book based on his Arne Ryde Lectures in 2002, Young suggests a conceptual framework for studying strategic learning and highlights theoretical developments in the area. He discusses the interactive learning problem; reinforcement and regret; equilibrium; conditional no-regret learning; prediction, postdiction, and calibration ...

Advances in understanding strategic behaviour

Game Theory, experiments and bounded rationality: essays in honour of Werner Güth

This volume contains sixteen original articles documenting recent progress in understanding strategic behaviour. In their variety they reflect an entire spectrum of coexisting approaches: from orthodox game theory via behavioral game theory, bounded rationality and economic psychology to experimental economics. There are plenty of new ...

Economic growth and macroeconomic dynamics

recent developments in economic theory

The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behavior of optimizing agents in the economy. This book brings together a number of contributions in growth ...

Macroeconomics

theories, policies, and international applications

The central goal of this text is to address all of the fundamental macroeconomic theories and policy issues in the discipline within a compact and highly accessible text. It features a strong focus on instilling a learner's conceptual understanding of the discipline through a ...

Macroeconomics in retrospect

the selected essays of David Laidler

This important collection brings together nineteen of his essays on topics in the history of macroeconomics. It begings with a paper on Adam Smith and ends with a discussion of the implications of newclassical economists' ideas on the role of economic ideas in conditioning agents ...

Macroeconomics

INDICE 1 A Brief Economic History of the United States 2 Resource Utilization 3 Supply and Demand 4 The Mixed Economy 5 The Household-Consumption Sector 6 The Business-Investment Sector 7 The Government Sector 8 The Export-Import Sector 9 Gross Domestic Product 10 Economic Fluctuations, Unemployment ...

Principles of macroeconomics

Principles of Macroeconomics is an invaluable reference source for MBA students and managers, whether on a short course or as a reference work for the bookshelf, and is an ideal summary for undergraduates and postgraduates on a short introductory course, and for aspiring managers wishing ...

Macroeconomía

La categoría académica de Joseph E. Stiglitz es hoy indiscutible. La primera edición de esta obra tuvo una gran acogida por economistas y estudiantes de la disciplina en todo el mundo de habla hispana. De forma radical y novedosa, el profesor Stiglitz trata y presenta ...

Involuntary unemployment

the elusive quest for a theoty

The Great Depression of the 1930s with its dramatic unemployment rates was one of the most striking economic events of the past century. It shook economists' belief in the existence of self-adjusting forces and prompted Keynes to write his masterwork, The General Theory of Employment ...

Growth and employment in Europe

Zagler investigates the interaction between changes in the level of unemployment and changes in the economic rate of growth. It asks, both in theory and in evidence, whether a change in the growth rate of the economy will affect the level of unemployment which the ...

Deflation

what happens when prices fall

An analysis of the benefits and consequences of deflation considers the possible link between significant historical deflation and the Great Depression, citing the causes of deflation while arguing for controlled and moderate deflation as a natural part of the economic cycle. 20,000 first printing.

Markets and diversity

A staunch neoclassical economist, Sherwin Rosen drew inspiration from Adam Smith's Wealth of Nations, particularly his theory of compensating wage differentials, which Rosen felt was central to all economic problems involving product differentiation and spatial considerations. The main theme of his collection is how ...

Minimum wages and employment

static and dinamic non-market-clearing equilibrium models

Christian Ragacs develops new contributions to the theory of minimum wages, while taking rationing and spill-over effects on markets other than the labour market into account. Following an introduction into the theory of minimum wages and a discussion of methodological problems, four new theoretical models ...

Deflaction

current and historical perspectives

Until recently fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major euro area economies ...

The new finance

overreaction,cmplexity,and uniqueness

A supplement for undergraduate and graduate level courses in Investments, Behavioral Finance Theory, and related courses. This brief text makes the case for the inefficient market and the complexity and chaos on asset pricing, positioning the efficient market paradigm at the extreme end of a ...

Models for dynamic macroeconomics

This is a textbook for advanced students in macroeconomics. It provides a clear guide to the techniques and tools used in modern macroeconomic analysis without requiring advanced mathematical training. It covers the core topics of consumption and investment, employment and unemployment, and economic growth. Each ...

Understanding economic recovery in the 1930s

Endogenous propagation in the Great Depression

One of the watershed periods of the twentieth century, the Great Depression was the defining event for at least one generation of world citizenry. Although much has been written about the almost four-year economic collapse that began in mid-1929, very little has been written about ...

The new value controversy and the foundations of economics

The papers that comprise this collection introduce key advances in modern value theory. Equilibrium and non-equilibrium approaches are discussed alongside the theory behind abstract labour and money.