Economic Theory

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Release : 2017-09-08
Genre : Business & Economics
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Book Rating : 666/5 ( reviews)

Economic Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Theory write by Gary S Becker. This book was released on 2017-09-08. Economic Theory available in PDF, EPUB and Kindle. Others might have called this book Micro Theory or Price Theory. Becker's choice of Economic Theory as the title for his book reflects his deep belief that there is only one kind of economic theory, not separate theories for micro problems, macro problems, non-market decisions, and so on. Indeed, as he notes, the most promising development in recent years in the literature on large scale economic problems such as unemployment has been the increasing reliance on utility maximization, a concept generally identified with microeconomics. Microeconomics is the subject matter of this volume, but it is emphatically not confined to microeconomics in the literal sense of micro units like firms or households. Becker's main interest is in market behavior of aggregations of firms and households. Although important inferences are drawn about individual firms and households, the author tries to understand aggregate responses to changes in basic economic parameters like tax rates, tariff schedules, technology, or antitrust provisions. His discussion is related to the market sector in industrialized economies, but the principles developed are applied to other sectors and different kinds of choices. Becker argues that economic analysis is essential to understand much of the behavior traditionally studied by sociologists, anthropologists, and other social scientists. The broad definition of economics in terms of scarce means and competing ends is taken seriously and should be a source of pride to economists since it provides insights into a wide variety of problems. Practically all statements proved mathematically are also provided geometrically or verbally in the body of the text.

Economic Theory and Cognitive Science

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Release : 2007-01-26
Genre : Psychology
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Book Rating : 684/5 ( reviews)

Economic Theory and Cognitive Science - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Theory and Cognitive Science write by Don Ross. This book was released on 2007-01-26. Economic Theory and Cognitive Science available in PDF, EPUB and Kindle. In this study, Don Ross explores the relationship of economics to other branches of behavioral science, asking, in the course of his analysis, under what interpretation economics is a sound empirical science. The book explores the relationships between economic theory and the theoretical foundations of related disciplines that are relevant to the day-to-day work of economics—the cognitive and behavioral sciences. It asks whether the increasingly sophisticated techniques of microeconomic analysis have revealed any deep empirical regularities—whether technical improvement represents improvement in any other sense. Casting Daniel Dennett and Kenneth Binmore as its intellectual heroes, the book proposes a comprehensive model of economic theory that, Ross argues, does not supplant, but recovers the core neoclassical insights, and counters the caricaturish conception of neoclassicism so derided by advocates of behavioral or evolutionary economics. Because he approaches his topic from the viewpoint of the philosophy of science, Ross devotes one chapter to the philosophical theory and terminology on which his argument depends and another to related philosophical issues. Two chapters provide the theoretical background in economics, one covering developments in neoclassical microeconomics and the other treating behavioral and experimental economics and evolutionary game theory. The three chapters at the heart of the argument then apply theses from the philosophy of cognitive science to foundational problems for economic theory. In these chapters, economists will find a genuinely new way of thinking about the implications of cognitive science for economics, and cognitive scientists will find in economic behavior, a new testing site for the explanations of cognitive science.

Advances in Economic Theory

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Release : 1989-07-28
Genre : Business & Economics
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Book Rating : 259/5 ( reviews)

Advances in Economic Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Advances in Economic Theory write by Truman Fassett Bewley. This book was released on 1989-07-28. Advances in Economic Theory available in PDF, EPUB and Kindle. These articles should be helpful to anyone with training in economics.

Contending Economic Theories

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Release : 2012-09-07
Genre : Business & Economics
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Book Rating : 833/5 ( reviews)

Contending Economic Theories - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Contending Economic Theories write by Richard D. Wolff. This book was released on 2012-09-07. Contending Economic Theories available in PDF, EPUB and Kindle. A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

Development, Geography, and Economic Theory

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Release : 1997
Genre : Business & Economics
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Book Rating : 350/5 ( reviews)

Development, Geography, and Economic Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Development, Geography, and Economic Theory write by Paul R. Krugman. This book was released on 1997. Development, Geography, and Economic Theory available in PDF, EPUB and Kindle. Krugman examines the course of economic geography and development theory to shed light on the nature of economic inquiry.