Friedman and Schwartz's A Monetary History of the United States, 1867-1960, published in 1963, stands as one of the most influential economics books of the twentieth century.
A gripping history of the pioneers who sought to use science to predict financial marketsThe period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts.
A revolutionary approach to the study of cooperation that unites evolutionary biology and the social sciencesFrom the family to the workplace to the marketplace, every facet of our lives is shaped by cooperative interactions.
The definitive introduction to organizational economics, with contributions by leaders in the fieldIn even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms.
Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement.
How the Jewish people went from farmers to merchantsIn 70 CE, the Jews were an agrarian and illiterate people living mostly in the Land of Israel and Mesopotamia.
How our stone-age brains made modern society, and why it matters for relationships between men and womenAs countless love songs, movies, and self-help books attest, men and women have long sought different things.
We've been assured that the recession is over, but the country and the economy continue to feel the effects of the 2008 financial crisis, and people are still searching for answers about what caused it, what it has wrought, and how we can recover.
Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games.
"e;We are the 99%"e; has quickly become the slogan of our political era as growing numbers of Americans express concern about the disappearing middle class and the ever-widening gap between the super-rich and everyone else.
Although political and legal institutions are essential to any nation's economic development, the forces that have shaped these institutions are poorly understood.
Spain's development from a premodern society into a modern unified nation-state with an integrated economy was painfully slow and varied widely by region.
An authoritative graduate textbook on information choice, an exciting frontier of research in economics and financeMost theories in economics and finance predict what people will do, given what they know about the world around them.
The Poverty of Clio challenges the hold that cliometrics--an approach to economic history that employs the analytical tools of economists--has exerted on the study of our economic past.
Ideally suited to upper-undergraduate and graduate students, Analyzing the Global Political Economy critically assesses the convergence between IPE, comparative political economy, and economics.
From an economist who warned of the global financial crisis, a new warning about the continuing peril to the world economyRaghuram Rajan was one of the few economists who warned of the global financial crisis before it hit.
The legitimate and illegitimate use of incentives in society todayIncentives can be found everywhere-in schools, businesses, factories, and government-influencing people's choices about almost everything, from financial decisions and tobacco use to exercise and child rearing.
Why law is critical to innovation and economic growthSustained growth depends on innovation, whether it's cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland's leather.
How beauty leads to better jobs, better wages, and better spousesMost of us know there is a payoff to looking good, and in the quest for beauty we spend countless hours and billions of dollars on personal grooming, cosmetics, and plastic surgery.
Why Americans aren't thrifty and the rest of the world isIf the financial crisis has taught us anything, it is that Americans save too little, spend too much, and borrow excessively.
The Theory of Taxation and Public Economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades.
This fast-paced book by Yale professors Michael Graetz and Ian Shapiro unravels the following mystery: How is it that the estate tax, which has been on the books continuously since 1916 and is paid by only the wealthiest two percent of Americans, was repealed in 2001 with broad bipartisan support?
The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms.
The general assumption that social policy should be utilitarian--that society should be organized to yield the greatest level of welfare--leads inexorably to increased government interventions.
Today's wine industry is characterized by regional differences not only in the wines themselves but also in the business models by which these wines are produced, marketed, and distributed.
States of Credit provides the first comprehensive look at the joint development of representative assemblies and public borrowing in Europe during the medieval and early modern eras.
A fascinating look at the evolutionary origins of cooperationWhy do humans, uniquely among animals, cooperate in large numbers to advance projects for the common good?
The story of personal debt in modern AmericaBefore the twentieth century, personal debt resided on the fringes of the American economy, the province of small-time criminals and struggling merchants.
A powerful challenge to contemporary economics and a new agenda for global financeIn the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality.
The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories.
How can America's information technology (IT) industry predict serious labor shortages while at the same time laying off tens of thousands of employees annually?
An incisive economic and political history of the Panama CanalOn August 15, 1914, the Panama Canal officially opened for business, forever changing the face of global trade and military power, as well as the role of the United States on the world stage.
Why economics needs to focus on fairness and not just efficiencyOne of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand.
