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Basic Economics

By Thomas Sowell
  • ISBN Code: : 0465056849
  • Publisher : Basic Books
  • Pages : 704
  • Category : Business & Economics
  • Reads : 582
  • Book Compatibility : Pdf, ePub, Mobi, Kindle
  • Pdf : basic-economics.pdf

Book Excerpt :

The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

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Read Also This Books

Basic Economics for Conservative Democrats

By Lyndon LaRouche
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Executive Intelligence Review
  • Book Code : N.a
  • Total of Pages :
  • Category : Business & Economics
  • Members : 978
  • Pdf File: basic-economics-for-conservative-democrats.pdf

Book Short Summary:

As I spell the point out in the main text of this book, a sound national economic policy in the tradition of Alexander Hamilton enables us to simultaneously increase profits and wages. This can be accomplished in only one way. It is accom­plished by transforming scientific and technological advances into what Hamilton termed “artificial labor,” machines which use sources of energy above and beyond the energy of the human musculature. In the overall life of our nation—or any nation, for that matter—neither business nor labor can prosper without a policy of promoting technological progress through the means of improved investment in productive capital. . . . . Once business and labor recognize that they both have the same overall, fundamental national economic-policy interest in common, that understand­ing establishes a mass electoral basis of support for the kinds of policies which business, farmers, and labor as a whole rightly demand.

Fundamental Principles of Law and Economics

By Alan Devlin
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Book Code : 1317616499
  • Total of Pages : 424
  • Category : Law
  • Members : 912
  • Pdf File: fundamental-principles-of-law-and-economics.pdf

Book Short Summary:

This textbook places the relationship between law and economics in its international context, explaining the fundamentals of this increasingly important area of teaching and research in an accessible and straightforward manner. In presenting the subject, Alan Devlin draws on the neoclassical tradition of economic analysis of law while also showcasing cutting- edge developments, such as the rise of behavioural economic theories of law. Key features of this innovative book include: case law, directives, regulations, and statistics from EU, UK, and US jurisdictions are presented clearly and contextualised for law students, showing how law and economics theory can be understood in practice; succinct end- of-chapter summaries highlight the essential points in each chapter to focus student learning; further reading is provided at the end of each chapter to guide independent research. Making use of tables and diagrams throughout to facilitate understanding, this text provides a comprehensive overview of law-and-economics that is ideal for those new to the subject and for use as a course text for law-and-economics modules.

The Basic Economic System of China

By Changhong Pei,Chunxue Yang,Xinming Yang
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer
  • Book Code : 9811368953
  • Total of Pages : 222
  • Category : Business & Economics
  • Members : 489
  • Pdf File: the-basic-economic-system-of-china.pdf

Book Short Summary:

This book uses facts and data to prove that socialist public sectors are still in a predominant position in China. Based on previous research and studies, a set of methods for measuring the structure of public or non-public owned economy is offered in this book. As is remarked by the authors, China’s basic economic system, namely the system with the public sector remaining dominant and diverse sectors of the economy developing side by side, represents an efficient approach towards mutual benefit, common prosperity and peaceful co-existence.

Intellectuals and Race

By Thomas Sowell
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Basic Books
  • Book Code : 0465058701
  • Total of Pages : 256
  • Category : Political Science
  • Members : 533
  • Pdf File: intellectuals-and-race.pdf

Book Short Summary:

Intellectuals and Race is a radical book in the original sense of one that goes to the root of the problem. The role of intellectuals in racial strife is explored in an international context that puts the American experience in a wholly new light. The views of individual intellectuals have spanned the spectrum, but the views of intellectuals as a whole have tended to cluster. Indeed, these views have clustered at one end of the spectrum in the early twentieth century and then clustered at the opposite end of the spectrum in the late twentieth century. Moreover, these radically different views of race in these two eras were held by intellectuals whose views on other issues were very similar in both eras. Intellectuals and Race is not, however, a book about history, even though it has much historical evidence, as well as demographic, geographic, economic and statistical evidence-- all of it directed toward testing the underlying assumptions about race that have prevailed at times among intellectuals in general, and especially intellectuals at the highest levels. Nor is this simply a theoretical exercise. The impact of intellectuals' ideas and crusades on the larger society, both past and present, is the ultimate concern. These ideas and crusades have ranged widely from racial theories of intelligence to eugenics to "social justice" and multiculturalism. In addition to in-depth examinations of these and other issues, Intellectuals and Race explores the incentives, the visions and the rationales that drive intellectuals at the highest levels to conclusions that have often turned out to be counterproductive and even disastrous, not only for particular racial or ethnic groups, but for societies as a whole.

Rediscovering Fire

By Guinevere Liberty Nell
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Algora Publishing
  • Book Code : 0875867499
  • Total of Pages : 322
  • Category : Business & Economics
  • Members : 947
  • Pdf File: rediscovering-fire.pdf

Book Short Summary:

In this book, Guinevere Liberty Nell visits this historical laboratory of social science to study the lessons in basic economics that it teaches. Nell observes that the founders of the Soviet experiment, Lenin and other Bolshevik leaders, wrote volumes of articles and books on Marxist theory and then proceeded to enact the very policies that they promised. Therefore the Soviet experiment provides an ideal lens through which to view the consequences of various interpretations of economic theories and Marxist theories. However, despite the wealth of information available on the Soviet experiment, few writers have closely analyzed this historical process and what lessons it might offer for market economies. In this book, Nell carefully considers Soviet theory and practice, and draws out the lessons that Soviet planners learned. Each chapter considers one theory; the experience in the Soviet Union of policies based on this theory, and the reforms that planners implemented as the system evolved as well as in response to changes in the local and international conditions; and the lessons for market economies that this experience offers. Nell's lessons capture the dynamic nature of the economy and illustrate insights from the debate between socialists and Austrian economists. They should be useful and informative not only for readers interested in basic economics, but also for economists interested in heterodox approaches to economic modeling and theory, as well as for the citizen interested in rethinking the assumptions underlying mainstream policy debates.

Rediscovering Fire

By Guinevere Liberty Nell
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Algora Publishing
  • Book Code : 0875867472
  • Total of Pages : 322
  • Category : Central planning
  • Members : 206
  • Pdf File: rediscovering-fire.pdf

Book Short Summary:

In this book, Guinevere Liberty Nell visits this historical laboratory of social science to study the lessons in basic economics that it teaches. Nell observes that the founders of the Soviet experiment, Lenin and other Bolshevik leaders, wrote volumes of articles and books on Marxist theory and then proceeded to enact the very policies that they promised. Therefore the Soviet experiment provides an ideal lens through which to view the consequences of various interpretations of economic theories and Marxist theories. However, despite the wealth of information available on the Soviet experiment, few writers have closely analyzed this historical process and what lessons it might offer for market economies. In this book, Nell carefully considers Soviet theory and practice, and draws out the lessons that Soviet planners learned. Each chapter considers one theory; the experience in the Soviet Union of policies based on this theory, and the reforms that planners implemented as the system evolved as well as in response to changes in the local and international conditions; and the lessons for market economies that this experience offers. Nell's lessons capture the dynamic nature of the economy and illustrate insights from the debate between socialists and Austrian economists. They should be useful and informative not only for readers interested in basic economics, but also for economists interested in heterodox approaches to economic modeling and theory, as well as for the citizen interested in rethinking the assumptions underlying mainstream policy debates.

Rediscovering Fire

By Guinevere Liberty Nell
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Algora Publishing
  • Book Code : 0875867480
  • Total of Pages : 322
  • Category : Central planning
  • Members : 841
  • Pdf File: rediscovering-fire.pdf

Book Short Summary:

The experiment with socialism in the Soviet Union was based on Marxist economic theory, which denied the universal nature of economic law. The economy became a blank slate, without markets, prices, even without money - for a time. Government had to rediscover fire - learning basics of economics over again. This historical laboratory of social science should be exploited for the lessons in basic economics that it offers. Many view Lenin as a dictator who exploited the peoples of the Soviet Union, betraying the hopes and dreams of socialism for his own benefit. Yet, Lenin wrote hundreds of books on Marxist theory, and the policies he enacted were those he promised. Despite the wealth of information available on the Soviet experiment, few have closely analyzed why it produced results different from those intended and what these lessons might mean for market economies. Based on Marxist economic theory, which denied the universality of economic laws, the Soviet Union wiped out the market and, with it, the basis for all economic knowledge. In this vacuum of economic information, planners had neither market theory nor prices to guide them. The socialist experiment was truly an experiment in eliminating the market. The Bolsheviks enacted policies based on Marxist hypotheses: nationalizing businesses and banks, setting wages according to the labor theory of value, eliminating interest and capital markets, and planning full employment. When each Marxist policy failed, the state reorganized to better implement it, tried modified versions, and only pulled back as a last resort. In this book, Guinevere Nell explores the theory and experience of the socialist experiment. In each chapter, she considers one theory put forth by socialists. She explores the ways in which the Soviet planners implemented this theory, recognized that their policies were not producing the desired results, and tried to implement reforms to combat the failures. In each chapter, she extracts certain lessons from the experience of the planners. The lessons capture the dynamic nature of the economy, something that is commonly overlooked by mainstream economists and policymakers although it has been a focus of the Austrian school of economics. Insights from the debate between socialists and Austrian economists are introduced during the discussion of the lessons at the end of each chapter. The lessons suggest that due the dynamic nature of the market, the Soviet Union could never surpass the West in economic growth. Each chapter concludes with policy examples and discussion of how the lesson can inform policies that market economies are considering. All policy examples are from current U.S. policy debate. The last lesson ties together the thrust of many disparate threads throughout the book. It makes the case that the socialist arguments were aimed at the wrong target, which is why the prescription of planning led to the opposite of what was intended. The conclusion of the book summarizes the recurring themes of reform. These lessons have relevance for all economies and for both economists and the policy-minded citizen. For example, the socialist elimination of competition provides insight into the neoclassical framework and sheds light on our common understanding of how 'competitive' certain industries are. The book is intended for the educated layperson, but should also be accessible and relevant to college students and professional economists. The book is written in plain language, with all economic terms defined.

The Battle

By Arthur C. Brooks
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Basic Books
  • Book Code : 0465027873
  • Total of Pages : 208
  • Category : Political Science
  • Members : 208
  • Pdf File: the-battle.pdf

Book Short Summary:

America faces a new culture war. It is not a war about guns, abortions, or gays—rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare state programs. But, as American Enterprise Institute's president Arthur C. Brooks reveals in The Battle, the forces for social democracy have returned with a vengeance, expanding the power of the state to a breathtaking degree. The Battle offers a plan of action for the defense of free enterprise; it is at once a call to arms and a crucial redefinition of the political and moral gulf that divides Right and Left in America today. The battle is on, and nothing less than the soul of America is at stake.

A Beginner's Guide to the World Economy

By Randy Charles Epping
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Vintage
  • Book Code : 030742426X
  • Total of Pages : 256
  • Category : Business & Economics
  • Members : 389
  • Pdf File: a-beginner-s-guide-to-the-world-economy.pdf

Book Short Summary:

In a time of rapid change in the world economy, this fascinating, concise, and user-friendly primer is the most reliable tool for keeping track of what's happening. What is the new economy? What is globalization? Is the euro the final seal on European Union? How is e-commerce transforming our world beyond economics? What is virtual money, and does it have real value? How do social concerns and societal ills (drugs, poverty, AIDS, endangered natural resources) play a part in the rapidly changing world economy? What are multinationals, and do they signal the end of nationalism? These and many other pertinent issues are addressed in an enlightening and entertaining handbook for those who want to be economically literate (and who doesn't?).

Principles

By Ray Dalio
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Simon and Schuster
  • Book Code : 1501124056
  • Total of Pages : 592
  • Category : Business & Economics
  • Members : 502
  • Pdf File: principles.pdf

Book Short Summary:

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

Reforming Pensions

By Nicholas Barr,Peter Diamond
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Oxford University Press
  • Book Code : 0199889066
  • Total of Pages : 264
  • Category : Business & Economics
  • Members : 818
  • Pdf File: reforming-pensions.pdf

Book Short Summary:

Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.

Essentials of Economics

By James D Gwartney,Richard Stroup,J. R. Clark
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Academic Press
  • Book Code : 1483262944
  • Total of Pages : 502
  • Category : Business & Economics
  • Members : 868
  • Pdf File: essentials-of-economics.pdf

Book Short Summary:

Essentials of Economics, Second Edition is a text intended for a one-term course in economics for college students. It attempts to teach students of the analytic way of studying economics and provides the basics of the concept of political economy and uses this knowledge to explain the choice process in the public sector. The book presents a comprehensive survey of economics. It contains chapters that highlight the importance of the microincentive structure of macroeconomic markets; identifies the determinants of supply, as well as the impact of public policy on those determinants; and presents both adaptive and rational expectations theory. The linkage between production theory and the cost curves faced by the firm; examination of the market structure; and the role of regulation and deregulation are covered as well. Economics students will find the book very useful.

The Concise Guide to Economics

By Jim Cox
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Ludwig von Mises Institute
  • Book Code : 1933550155
  • Total of Pages : 136
  • Category : Business & Economics
  • Members : 257
  • Pdf File: the-concise-guide-to-economics.pdf

Book Short Summary:

To understand economics is to understand the practical case for freedom. The great merit of this book is to bring out the connection in the clearest and shortest possible way. The Concise Guide To Economicsis a handy, quick reference guide for those already familiar with basic economics, and a brief, compelling primer for everyone else. Professor Jim Cox introduces topics ranging from entrepreneurship, wages, money, trade, and inflation to the consequences of price controls and anti-price gouging laws. If it were read alongside the daily newspaper, it would undermine most all the fallacies that appear nearly every day. Along the way, he defends the crucial role of advertising, speculators, and heroic insider traders. Thus does the book combines straightforward, common sense analysis with hard-core dedication to principle, using the fewest words possible to explain the topic clearly. And each brief chapter includes references to further reading so those who are curious to dig deeper will know where to look next. The popularity of this book has been growing for several years. A website dedicated to itis already very popular. One organization dedicated to public activism buys it by the hundreds, viewing it as the shortest and best way to counter economic fallacy. The Concise Guide makes a great gift to those who have never thought about the workings of economic logic, and thereby misunderstand the case for free-market capitalism. From the Introduction by Llewellyn H. Rockwell, Jr.: "The beauty of Cox's book comes from both its clear exposition and its brevity. He offers only a few paragraphs on each topic but that is enough for people see both error and truth. Sometimes just mapping out the logic beyond the gut reaction is enough to highlight an economic truth. He does this for nearly all the topics that confront us daily. "Many people only have a moment. That's why the guide is essential. It is probably the shortest and soundest guide to economic logic in print. May it be burned into the consciousness of every citizen now and in the future."

Exam Prep for: Introduction to Basic Economics

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Exam Prep for: Basic Economics - Book Only

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Machine Habitus

By Massimo Airoldi
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : John Wiley & Sons
  • Book Code : 1509543295
  • Total of Pages : 200
  • Category : Social Science
  • Members : 504
  • Pdf File: machine-habitus.pdf

Book Short Summary:

We commonly think of society as made of and by humans, but with the proliferation of machine learning and AI technologies, this is clearly no longer the case. Billions of automated systems tacitly contribute to the social construction of reality by drawing algorithmic distinctions between the visible and the invisible, the relevant and the irrelevant, the likely and the unlikely – on and beyond platforms. Drawing on the work of Pierre Bourdieu, this book develops an original sociology of algorithms as social agents, actively participating in social life. Through a wide range of examples, Massimo Airoldi shows how society shapes algorithmic code, and how this culture in the code guides the practical behaviour of the code in the culture, shaping society in turn. The ‘machine habitus’ is the generative mechanism at work throughout myriads of feedback loops linking humans with artificial social agents, in the context of digital infrastructures and pre-digital social structures. Machine Habitus will be of great interest to students and scholars in sociology, media and cultural studies, science and technology studies and information technology, and to anyone interested in the growing role of algorithms and AI in our social and cultural life.

Can’t We Just Print More Money?

By Rupal Patel,The Bank of England,Jack Meaning
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Random House
  • Book Code : 1529159067
  • Total of Pages : 320
  • Category : Business & Economics
  • Members : 415
  • Pdf File: can-t-we-just-print-more-money.pdf

Book Short Summary:

'A well-written treat' Professor David Spiegelhalter, author of The Art of Statistics 'An enjoyable introduction' The Times 'Entertaining and essential' Laura Whateley, author of Money: A User's Guide __ Why are all my clothes made in Asia? How come I'm so much richer than my great-great-grandma? And what even is money? Whether you're buying lunch, looking for a job, or applying for a mortgage, the thing we call 'the economy' is going to set the terms. A pity, then, that many of us have no idea how the economy actually works. That's where this book comes in. The Bank of England is Britain's most important financial institution, responsible for printing money, regulating banks and keeping the economy running smoothly. Now, the Bank's team take you inside their hallowed halls to explain what economics can - and can't - teach us about the world. Along the way, they offer intriguing examples of econ in action: in financial crises and Freddo prices, growth stages and workers' wages. Accessible, authoritative and surprisingly witty, this is a crash course in economics and why it matters. __ 'If you feel you should understand how economists think but have no idea where to start, this book is the answer . . . Buy this book for the inquiring person, young, old or in between.' Martin Wolf, Financial Times

Exam Prep for: Bundle; Basic Economics

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The Art of Failure

By Jesper Juul
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  • Publisher : MIT Press
  • Book Code : 0262313138
  • Total of Pages : 176
  • Category : Games & Activities
  • Members : 925
  • Pdf File: the-art-of-failure.pdf

Book Short Summary:

An exploration of why we play video games despite the fact that we are almost certain to feel unhappy when we fail at them. We may think of video games as being "fun," but in The Art of Failure, Jesper Juul claims that this is almost entirely mistaken. When we play video games, our facial expressions are rarely those of happiness or bliss. Instead, we frown, grimace, and shout in frustration as we lose, or die, or fail to advance to the next level. Humans may have a fundamental desire to succeed and feel competent, but game players choose to engage in an activity in which they are nearly certain to fail and feel incompetent. So why do we play video games even though they make us unhappy? Juul examines this paradox. In video games, as in tragic works of art, literature, theater, and cinema, it seems that we want to experience unpleasantness even if we also dislike it. Reader or audience reaction to tragedy is often explained as catharsis, as a purging of negative emotions. But, Juul points out, this doesn't seem to be the case for video game players. Games do not purge us of unpleasant emotions; they produce them in the first place. What, then, does failure in video game playing do? Juul argues that failure in a game is unique in that when you fail in a game, you (not a character) are in some way inadequate. Yet games also motivate us to play more, in order to escape that inadequacy, and the feeling of escaping failure (often by improving skills) is a central enjoyment of games. Games, writes Juul, are the art of failure: the singular art form that sets us up for failure and allows us to experience it and experiment with it. The Art of Failure is essential reading for anyone interested in video games, whether as entertainment, art, or education.

Exam Prep for: Turning Point Kit Basic Economics

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The Dynamic Systems of Basic Economic Growth Models

By Bjarne S. Jensen
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  • Publisher : Springer Science & Business Media
  • Book Code : 9401110360
  • Total of Pages : 356
  • Category : Mathematics
  • Members : 658
  • Pdf File: the-dynamic-systems-of-basic-economic-growth-models.pdf

Book Short Summary:

Two central problems in the pure theory of economic growth are analysed in this monograph: 1) the dynamic laws governing the economic growth processes, 2) the kinematic and geometric properties of the set of solutions to the dynamic systems. With allegiance to rigor and the emphasis on the theoretical fundamentals of prototype mathematical growth models, the treatise is written in the theorem-proof style. To keep the exposition orderly and as smooth as possible, the economic analysis has been separated from the purely mathematical issues, and hence the monograph is organized in two books. Regarding the scope and content of the two books, an "Introduction and Over view" has been prepared to offer both motivation and a brief account. The introduc tion is especially designed to give a recapitulation of the mathematical theory and results presented in Book II, which are used as the unifying mathematical framework in the analysis and exposition of the different economic growth models in Book I. Economists would probably prefer to go directly to Book I and proceed by consult ing the mathematical theorems of Book II in confirming the economic theorems in Book I. Thereby, both the independence and interdependence of the economic and mathematical argumentations are respected.

Basic Economics

By IntroBooks Team
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  • Publisher : IntroBooks
  • Book Code : N.a
  • Total of Pages : 24
  • Category : Business & Economics
  • Members : 342
  • Pdf File: basic-economics.pdf

Book Short Summary:

Economics is an important branch of studies that deal with the rules, principles, and laws governing the economy of a nation and different parts of the world. Economics is the study and an analysis of how individuals, businesses and populations use money or other resources in order to produce wealth. It is important to understand the concepts and basic of economics for state, federal and local government and even for companies that are affected by them. Business professionals and economics professionals must know the exact working of economics to be able to advise companies and clients in businesses and the students in an academic setting. Economic growth may be defined as an increase in economy capacity to manufacture goods and services within a given period of time. In simple terms, economic growth suggests any long term expansion of growth and productive potential of an economy and its ability to satisfy the demands and wants of the natives. Sustained economic growth has a great impact on the nation’s national income and also on the level of employment.

Basic Economics

By Knowledge Flow
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  • Publisher : Knowledge Flow
  • Book Code : N.a
  • Total of Pages :
  • Category : Business & Economics
  • Members : 142
  • Pdf File: basic-economics.pdf

Book Short Summary:

This Basic Economics Book is perfect economic guide to students especially for Class 12 students and anyone who has an interest in how economy works. This book includes a chapter that explaining the income and growth of nation that calculating by GDP. The book explained economics theories by graphics, step-by-step summaries and graphs that help to understand any concepts easily. Topic covers in the Basic Economics book: What is Economics, Types of Economics, Types of Market, Price Discrimination, Giffen's Goods, Economic Surplus, Supply & Demand, Elasticity of Demand, Equilibrium and Gross Domestic Product (GDP).

The Common Sense behind Basic Economics

By Justin Vélez-Hagan
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Lexington Books
  • Book Code : 1498509010
  • Total of Pages : 168
  • Category : Business & Economics
  • Members : 105
  • Pdf File: the-common-sense-behind-basic-economics.pdf

Book Short Summary:

Economics really is just common sense, but few understand the basics. This book explains the basics of economics in simple, easy-to-understand language. Topics include most of the themes presented in an Economics 101 course, as well as a number of end-of-chapter discussions on the policies relevant to economics today.

Exam Prep for: The Basic Economic System of China

By
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : N.a
  • Book Code : N.a
  • Total of Pages :
  • Category :
  • Members : 464
  • Pdf File: exam-prep-for.pdf

Book Short Summary:

Read and download full book Exam Prep for: The Basic Economic System of China

Economic Lessons from the Transition: The Basic Theory Re-examined

By Daniel R. Kazmer,Michele Konrad
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Book Code : 1315290030
  • Total of Pages : 272
  • Category : Business & Economics
  • Members : 467
  • Pdf File: economic-lessons-from-the-transition.pdf

Book Short Summary:

Economic Lessons from the Transition focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain this failure focus on policies, the authors of this book argue that failure of economic theory to fully understand these transitions has led to bad policies that made the transitions unnecessarily painful and costly. The book suggests answers to the following questions: How should basic economic theory as taught in introductory economics courses be revised in light of the failure of market-oriented economics to effect a successful transition in so many former communist economies? Could the theory be revised and presented in a different manner? How can basic economic theory be used to help explain the past failures in understanding transition problems and to avoid future mistakes? This volume is a "must read" for all who teach economics or apply economics to the real world.

Production Economics

By Svend Rasmussen
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer Science & Business Media
  • Book Code : 3642302009
  • Total of Pages : 292
  • Category : Business & Economics
  • Members : 588
  • Pdf File: production-economics.pdf

Book Short Summary:

This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.

Production Economics

By Svend Rasmussen
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer Science & Business Media
  • Book Code : 9783642146107
  • Total of Pages : 300
  • Category : Business & Economics
  • Members : 99
  • Pdf File: production-economics.pdf

Book Short Summary:

This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice.

Basic Mathematics for Economists

By Mike Rosser,Piotr Lis
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Book Code : 1317280849
  • Total of Pages : 620
  • Category : Business & Economics
  • Members : 188
  • Pdf File: basic-mathematics-for-economists.pdf

Book Short Summary:

Basic Mathematics for Economists, now in its 3rd edition, is a classic of its genre and this new edition builds on the success of previous editions. Suitable for students who may only have a basic mathematics background, as well as students who may have followed more advanced mathematics courses but who still want a clear explanation of fundamental concepts, this book covers all the basic tenets required for an understanding of mathematics and how it is applied in economics, finance and business. Starting with revisions of the essentials of arithmetic and algebra, students are then taken through to more advanced topics in calculus, comparative statics, dynamic analysis, and matrix algebra, with all topics explained in the context of relevant applications, New features in this third edition reflect the increased emphasis on finance in many economics and related degree courses, with fuller analysis of topics such as: savings and pension schemes, including draw down pensions asset valuation techniques for bond and share prices the application of integration to concepts in economics and finance input-output analysis, using spreadsheets to do matrix algebra calculations In developing new topics the book never loses sight of their applied context and examples are always used to help explain analysis. This book is the most logical, user-friendly book on the market and is usable for mathematics of economics, finance and business courses in all countries.

Mathematical Financial Economics

By Igor V. Evstigneev,Thorsten Hens,Klaus Reiner Schenk-Hoppé
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer
  • Book Code : 3319165712
  • Total of Pages : 224
  • Category : Business & Economics
  • Members : 307
  • Pdf File: mathematical-financial-economics.pdf

Book Short Summary:

This textbook is an elementary introduction to the key topics in mathematical finance and financial economics - two realms of ideas that substantially overlap but are often treated separately from each other. Our goal is to present the highlights in the field, with the emphasis on the financial and economic content of the models, concepts and results. The book provides a novel, unified treatment of the subject by deriving each topic from common fundamental principles and showing the interrelations between the key themes. Although the presentation is fully rigorous, with some rare and clearly marked exceptions, the book restricts itself to the use of only elementary mathematical concepts and techniques. No advanced mathematics (such as stochastic calculus) is used.

Principles of Mathematical Economics

By Shapoor Vali
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer Science & Business Media
  • Book Code : 9462390363
  • Total of Pages : 491
  • Category : Business & Economics
  • Members : 366
  • Pdf File: principles-of-mathematical-economics.pdf

Book Short Summary:

Under the assumption of a basic knowledge of algebra and analysis, micro and macro economics, this self-contained and self-sufficient textbook is targeted towards upper undergraduate audiences in economics and related fields such as business, management and the applied social sciences. The basic economics core ideas and theories are exposed and developed, together with the corresponding mathematical formulations. From the basics, progress is rapidly made to sophisticated nonlinear, economic modelling and real-world problem solving. Extensive exercises are included, and the textbook is particularly well-suited for computer-assisted learning.