Famous Fables of Economics

Famous Fables of Economics PDF

Author: Daniel Spulber

Publisher: Wiley-Blackwell

Published: 2001-12-04

Total Pages: 320

ISBN-13: 9780631226741

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Famous Fables of Economics critiques some of our most cherished stories of market failure.

Economic Fables

Economic Fables PDF

Author: Ariel Rubinstein

Publisher: Open Book Publishers

Published: 2012

Total Pages: 266

ISBN-13: 1906924775

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"I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. Economic Fables is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field.

The Fable of the Bees

The Fable of the Bees PDF

Author: Bernard Mandeville

Publisher:

Published: 2018-07-05

Total Pages: 278

ISBN-13: 9781684222308

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2018 Reprint of 1962 Edition. Abridged Edition. Full facsimile of the 1962 edition. Not reproduced with Optical Recognition software. Originally published in book form in 1714, this masterpiece of eighteenth-century British satire sparked great social controversy by rejecting a positive view of human nature and arguing the necessity of vice as the foundation of an emerging capitalist economy. Mandeville suggests many key principles of economic thought, including division of labor and the "invisible hand," seventy years before these concepts were more thoroughly elucidated by Adam Smith. Two centuries later, the noted economist John Maynard Keynes cited Mandeville to show that it was "no new thing ... to ascribe the evils of unemployment to ... the insufficiency of the propensity to consume," a condition also known as the paradox of thrift, which was central to his own theory of effective demand. At the time, however, it was considered scandalous.

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