Confidence, Crashes and Self-Fulfilling Prophecies "Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his schoo
A Crash Course in the Future of Finance One man saw it coming. As far back as 2005, Professor Nouriel Roubini - aka 'Dr Doom' - warned that the US housing bubble was set to crash, and what would begin as a national disease would soon spread overseas resulting in a deep recession. Free market fundamentalism would fail and we'd be faced with the worst economic crisis in history, crippling our global economy and bringing the world's financial systems to a shuddering halt. Sound familiar? By guiding us through a crash course in 'crisis economics' - black swans and white swans, pressure points in the global economy, crises that extend beyond national borders and bubbles in the financial sector that spill over into the real economy - Roubini shows us that boom to bust economics does not have to be destiny. Roubini offers a course for the future: radical reform of the international financial or
Balancing classical and Keynesian economics, this work uses the modern approach of presenting long-run analysis before short-run fluctuations, and covers the large open economy in depth. This edition includes a revised section on developments in the theory of economic fluctuations. Titel: Macroeconomics Forfatter: N. Gregory Mankiw Udgave: 3rd edition Genre: natur_videnskab_teknologi Sammendrag: Lærebog i makroøkonomi, der introducerer studerende til de vigtigste modeller for samlet udbud og efterspørgsel, økonomisk vækst, arbejdsløshed, inflation og konjunkturudsving. Mankiw gennemgår både klassiske og keynesianske tilgange og viser, hvordan økonomisk politik kan påvirke output og priser på kort og lang sigt. Bogen bruger matematik på et moderat niveau og talrige empiriske eksempler til at forbinde teori og virkelighed. Der er særskilte kapitler om den åbne økonomi, valutakurser, betali
Now available: Nudge: The Final Edition The original edition of the multimillion-copy New York Times bestseller by the winner of the Nobel Prize in Economics, Richard H. Thaler, and Cass R. Sunstein: a revelatory look at how we make decisions—for fans of Malcolm Gladwell’s Blink, Charles Duhigg’s The Power of Habit, James Clear’s Atomic Habits, and Daniel Kahneman’s Thinking, Fast and Slow Named a Best Book of the Year by The Economist and the Financial Times Every day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion or the planet itself. Unfortunately, we often choose poorly. Nudge is about how we make these choices and how we can make better ones. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nobel Prize winner Richard H. Thaler and Harvard Law Sc
Based on groundbreaking original research, The Why Axis is a colourful examination of why people do what they do – and how effective incentives can spur people to change their behaviour and achieve more. Uri Gneezy and John List are a little like the anthropologists who spend months in the field studying people in their native environments. But rather than acting as impartial observers, these two intrepid economists have set out to study the ways people act in order to try to solve major problems in society, such as the gap between rich and poor students and the violence plaguing inner city schools; the real reasons people discriminate; and the continuing pay disparity between men and women. Their field experiments in the factories, communities, and shops where real people live, work, and play show how incentives can change outcomes. Their results will change the way you think about and
Using words, graphs and algebra, Olivier Blanchard presents an integrated view of macroeconomics. All of the material included in this student text is presented within the context of real world applications. Titel: Macroeconomics Udgave: 4. udgave Genre: Faglitteratur Sammendrag: This book provides an integrated view of macroeconomics and emphasizes the most important concepts. It is organized around "The Core" and "Extensions" and adapts as the course evolves. Type: Hardcover
What We've Learned - And Have Still to Learn - From the Financial Crisis Martin Wolf believes that too much has been said about the purely financial aspects of the economic crisis, important though they are. The actual underlying problem, as this radical new book argues, is that the world economy is unable to cope with the huge shifts it is undergoing: rapid economic integration; competition from billions of new workers; technological revolutions; and huge floods of capital across the world. With those shifts have come vast and largely unforeseen financial shocks. from the publisher Forlag: Allen Lane Udgivelsesår: 2014 Sider: 464 Sprog: Engelsk Emneord økonomi finans krise
A Fractal View of Risk, Ruin and Reward Includes material on the market crisis. This book presents models where the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved Forlag: Profile Books Udgivelsesår: 2008 Sider: 326 Sprog: Engelsk
