Puzzles and Paradoxes in Economics

Puzzles and Paradoxes in Economics PDF

Author: Mark Skousen

Publisher:

Published: 1998

Total Pages: 236

ISBN-13:

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Analyzes 50 paradoxes that challenge or have challenged both economists and others. Among them are the fairness of market wages, the alleged gold absurdity, the Irish potato famine, the paradox of thrift, the perversity of Wall Street, why the best crops are shipped out of state, whether teachers are underpaid, whether studying economics makes people immoral, and whether war is good for the economy. References are provided to each. Assumes no special knowledge of economics. Annotation copyrighted by Book News, Inc., Portland, OR

Puzzles and Paradoxes in Economics

Puzzles and Paradoxes in Economics PDF

Author: Mark Skousen

Publisher: Edward Elgar Publishing

Published: 1997-05-15

Total Pages: 232

ISBN-13: 1800886489

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Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book includes fifty puzzles and focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as why some supermarket items sell for more per ounce in larger sizes). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved (such as the diamond–water paradox). Finally, empirical or conceptual anomalies that remain unresolved and present a challenge to today’s economists (such as the voting paradox).

Puzzles, Paradoxes, Controversies, and the Global Economy

Puzzles, Paradoxes, Controversies, and the Global Economy PDF

Author: Charles Wolf Jr.

Publisher: Hoover Press

Published: 2015-06-01

Total Pages: 272

ISBN-13: 0817918566

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In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others. First appearing in such periodicals as in Forbes, the Wall Street Journal, and the Weekly Standard, among others, these chapters take on a range of questions about the global economy. Wolf discusses the paradoxes and puzzles within China's political economy and in its interactions with the United States. He analyzes the shortcomings of Keynesian economics as a response to the 2008 recession, as well as the weaknesses of policies and actions inferred from the theory, and compares those weaknesses with those of austerity policies intended to limit government spending and indebtedness. He also offers his views on economic inequality and where its principal sources may truly lay, China's currency and the continuing controversy about whether and when it may become a major international reserve currency, and many more insights on key economic issues affecting the global economy. Bringing these essays together for the first time in a single volume, including two essays not yet published elsewhere, this book enables the reader to absorb the author's expert perspective during the years in a collection in which the whole is truly greater than the sum of its parts. Each chapter includes a brief "postaudit" in which the author attempts to grade how well or ill the essay seems in retrospect.

A Panorama of Statistics

A Panorama of Statistics PDF

Author: Eric Sowey

Publisher: John Wiley & Sons

Published: 2017-01-30

Total Pages: 338

ISBN-13: 1119075823

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Dieses Buch nimmt den Leser mit auf eine anregende Reise rund um die Welt der Statistik. Auf eine ganz andere Art werden Theorie und Praxis Dozenten, Studenten und Praktikern nahe gebracht. Auf jeder Etappe dieser Reise untersuchen die Autoren ungewöhnliche und skurille Aspekte der Statistik, stellen historische, biographische und philosophische Dimensionen heraus. Die einzelnen Kapitel beginnen mit einem Ausblick auf das Thema, oftmals aus unterschiedlichen Blickwinkeln. Darauf folgen fünf Fragen, die zum Nachdenken anregen. Ziel ist es, die Kenntnisse der Leser zu erweitern und zu vertiefen. Zu den Fragen gibt es auch immer wieder unterhaltsame Rätsel, mit denen spannende Paradoxa aufgelöst werden. Die Leser können ihre eigenen Entdeckungen in der Welt der Statistik mit den ausführlichen Antworten der Autoren auf die jeweiligen Fragen vergleichen.

Controversies in Economics and Finance

Controversies in Economics and Finance PDF

Author: Imad A. Moosa

Publisher: Edward Elgar Publishing

Published: 2020-11-27

Total Pages: 352

ISBN-13: 1839105623

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In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. Controversies in Economics and Finance is a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.

Eminent Economists II

Eminent Economists II PDF

Author: Michael Szenberg

Publisher: Cambridge University Press

Published: 2014-02-24

Total Pages: 491

ISBN-13: 1107040531

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This book presents the ideas of some of the most outstanding economists of the past half century.

China Into Its Second Rise

China Into Its Second Rise PDF

Author: James Chieh Hsiung

Publisher: World Scientific

Published: 2012

Total Pages: 340

ISBN-13: 981432471X

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This book seeks to demystify the re-ascendancy of China as a civilization state. China's politics and society are examined in the light of its living civilization, which is the only one of the ancient civilizations that has survived to this day. The book also contrasts China's development with that of the West and Japan. By combining the impact of internal political and socio-economic developments in China and its external relations (from the silk routes, the tribute system, to the modern day), it unravels the existing myths, puzzles, and paradoxes surrounding China and questions the adequacy of most of the Western political theories (such as realism in international relations) in an attempt to explicate China's re-emergence as a world power. It attempts to tackle squarely the question: Is China a threat to world order?The book traces the rationale for contemporary developments in China to the roots in the country's tradition as well as foreign influences and seeks to unravel the puzzle about the unique China Model that defies conventional thinking in political economy, with its sustained and incredibly rapid economic growth over the past three decades. This study on China's second rise provides a broad background that includes a meaningful scrutiny of the country's behavior during its first rise (713-1820) and beyond. In comparing China's ongoing second rise with its first ascent, the book not only refocuses on and reinterprets the example set during its first rise, but also takes into account the crucial lessons it learned during its century in eclipse in the interregnum, for the effects they have on the country's current orientation and behavior. The book follows an interdisciplinary approach, combining the cultural, intellectual-historical, normative-ideological, and social-scientific perspectives, to lend a more solid grasp of the present-day China. It ends with an educated speculation, based on the foregoing analyses, on the contours of a Pax Sinica that is likely to result from the impact of China's second rise as a world power.

Handbook of Production Economics

Handbook of Production Economics PDF

Author: Subhash C. Ray

Publisher: Springer Nature

Published: 2022-06-02

Total Pages: 1797

ISBN-13: 9811034559

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This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Paradoxes of Belief and Strategic Rationality

Paradoxes of Belief and Strategic Rationality PDF

Author: Robert C. Koons

Publisher: Cambridge University Press

Published: 1992-01-31

Total Pages: 192

ISBN-13: 0521412692

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The author argues that a logical paradox lies at the root of a number of persistent puzzles in game theory, in particular those concerning rational agents who seek to establish some kind of reputation. This analysis provides an understanding of how the rational agent model can account for the emergence of rules, practices and institutions.

Game Theory: A Very Short Introduction

Game Theory: A Very Short Introduction PDF

Author: Ken Binmore

Publisher: Oxford University Press

Published: 2007-10-25

Total Pages: 201

ISBN-13: 0199218463

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Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. This title shows how to play such games in a rational way, and how to maximize their outcomes.