Economic Theory

For neoclassical economists, Homo economicus, or economic human, represents the ideal employee: an energetic worker bee that is a rational yet competitive decision-maker. Alternatively, one could view the concept as a cold and selfish workaholic endlessly seeking the accumulation of money and advancement - a chilling representation of capitalism. Or perhaps, as Peter Fleming argues, Homo economicus does not actually exist at all. Fleming presents this controversial claim with the same fierce logic that launched his Guardian column into popularity.

In Divested, Ken-Hou Lin and Megan Tobias Neely document how the ascendance of finance on Wall Street, Main Street, and among households is a fundamental cause of economic inequality. They argue that finance has reshaped the economy in three important ways. First, the financial sector extracts resources from the economy at large without providing commensurate economic benefits to those outside the financial services industry.

William Stanley Jevons was an English economist and logician. In Brief Account of a General Mathematical Theory of Political Economy, which is essentially a condensed version of his most important piece of work, The Theory of Political Economy, first published in 1850, Javons discusses the marginal utility theory of value, pushing economic thought into the modern era. This piece is a must for both budding young mathematicians and aspiring economists with an interest in the recent history of their fields.

A manifesto for deep and radical change, Creating Freedom explores the limits placed on freedom by human nature and society. It explodes myths, calling for a profound transformation in the way we think about democracy, equality, and our own identities.

This book examines one of the most important economic outcomes in American history - the breakdown of the Keynesian Revolution. Drawing on economic literature, the memoirs of economists and politicians, and the popular press, Eric Crouse examines how economic decline in the 1970s precipitated a political revolution. Keynesian thought flourished through the presidencies of Lyndon B. Johnson, Richard Nixon, and Gerald Ford, until stagflation devastated American workers and Jimmy Carter’s economic policies faltered, setting the stage for the 1980 presidential campaign.

There are a lot of different investment opportunities that you can choose from. Some will entail more risk than others, but they can also entail higher profit potentials as well. But one option that many investors may not consider when they first get started in this market is options trading.

Foreign aid organizations collectively spend hundreds of billions of dollars annually, with mixed results. Part of the problem in these endeavors lies in their execution. Dan Honig argues that high-quality implementation of foreign aid programs often requires contextual information that cannot be seen by those in distant headquarters. Drawing on a novel database of over 14,000 discrete development projects, Honig concludes that aid agencies will often benefit from giving field agents the authority to use their own judgments to guide aid delivery.

Investing in Forex market is of great advantage. The first advantage is that the Forex market is decentralized, creating the opportunity for many other participants from around the world to join in. These participants include banks, commercial banks, corporations, hedge funds, and individual traders. A Forex trader enjoys leverage better than any other trader.

In The Journey of Humanity, Oded Galor offers a revelatory explanation of how humanity became, only very recently, the unique species to have escaped a life of subsistence poverty, enjoying previously unthinkable wealth and longevity. He reveals why this process has been so unequal around the world, resulting in the great disparities between nations that exist today. He shows why so many of our efforts to improve lives have failed and how they might succeed.

Wir leben in einem parasitären System. Darin ist die schnelle Mitnahme von Gewinn, Shareholderdividenden und Bankerboni attraktiver als das Schaffen von Wert, als der produktive Prozess, der eine gesunde Wirtschaft und Gesellschaft antreibt. Wir verwechseln die Schöpfer mit den Abschöpfern und haben den Blick dafür verloren, was wirklich Wohlstand schafft.

For over a decade now, the American economy has been on a rollercoaster - an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery from 2009 until the present. The recession of 2008-2009 had its origin in years of monetary mismanagement by the Federal Reserve System and misguided economic policies emanating from Washington, DC.

"This book is in part a detective story. After 9/11 I knew, if I needed further reinforcement, that we are living in a new world - the world of a global capitalist economy that is vastly more flexible, resilient, open, self-correcting, and fast-changing than it was even a quarter century earlier. It's a world that presents us with enormous new possibilities but also enormous new challenges. The Age of Turbulence is my attempt to understand the nature of this new world." (Alan Greenspan)

A Letter Concerning Toleration by John Locke was originally published in Latin in 1689. It was Locke's response to the problem of religion and government; he proposed religious toleration as the answer. For Locke, the only way a Church gains genuine converts is through persuasion, not violence.

Political Realignment tracks the evolution of citizen and elite opinions on economic and cultural issues from the 1970s to the 2010s - and the impact of these changes on electoral politics and public policy. Citizen positions on these cleavages have realigned over time, producing a similar realignment in the structure of the party systems to represent these demands. Economic issues remain important, now joined by divisions on cultural issues as a backlash to modernization. Assembling a time series of empirical evidence, this study explains the new forces of elector change in both Europe and the United States.

In modern history, the story of capitalism has been a story of firms and financiers. That's all going to change thanks to the Big Data revolution. As Viktor Mayer-Schönberger, best-selling author of Big Data, and Thomas Ramge, who writes for The Economist, show, data is replacing money as the driver of market behavior. Big finance and big companies will be replaced by small groups and individual actors who make markets instead of making things: think Uber instead of Ford, or Airbnb instead of Hyatt. Will this be an age of prosperity or of calamity?

EVE: Extra Value Economics: The General Theory of Time-Satisfaction, and the Move to More is a natural law treatise filled with “time bomb” concepts that will shake the foundations of modern economics. At the heart of this new economic model is time-satisfaction and the two-clock solution, which crack the code to understanding value—everything else can be derived from there.

The idea that people are basically driven by individualism and economic incentives and that prosperity and good societies come from top-down leadership has dominated politics for the last 30 years (from some perspectives, much longer). This book shows that the age of homo economicus and centralisation is coming to an end. Instead, Collier and Kay argue that community and mutuality will be the drivers of successful societies in the future - as they are already in some parts of the world.

Dies ist ein umfassendes und kritisches akademisches Werk, das untersucht, wie der Konsumismus im 21. Jahrhundert zu einer strukturierenden Kraft für Subjektivität, soziale Beziehungen und Ungleichheiten geworden ist. Basierend auf einem interdisziplinären Ansatz, der Sozialpsychologie, kritische Soziologie, digitale Technologie und Konsumtheorie verbindet, bietet das Buch eine tiefgreifende Analyse der symbolischen, affektiven und algorithmischen Mechanismen, die das Verbraucherverhalten im Zeitalter digitaler Plattformen prägen.

Spontaneous Order brings together Peyton Young's research on evolutionary game theory and its diverse applications across a wide range of academic disciplines, including economics, sociology, philosophy, biology, computer science, and engineering. Enhanced with an introductory essay and commentaries, the book pulls together the author's work thematically to provide a valuable resource for scholars of economic theory.

Could it be that it is not how, but what we use as money that matters when contemplating the root causes of Climate Change and other global problems? Why What We Use as Money Matters: Unpacking the Key to Reversing the Effects of Climate Change is an Economic and Philosophical Treatise written by Monetary Theorist David Mint which explores these issues in an entertaining and thorough fashion.