Why the irrational exuberance of investors hasn't disappeared since the financial crisisIn this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize-winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008-9 financial crisis.
A major new history of classical Greece-how it rose, how it fell, and what we can learn from itLord Byron described Greece as great, fallen, and immortal, a characterization more apt than he knew.
In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable social security system.
For nearly three centuries the spectacular rise and fall of the South Sea Company has gripped the public imagination as the most graphic warning to investors of the dangers of unbridled speculation.
The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved.
How tort, contract, and restitution law can be reformed to better serve the social goodLawyers, judges, and scholars have long debated whether incentives in tort, contract, and restitution law effectively promote the welfare of society.
While America's relationship with Britain has often been deemed unique, especially during the two world wars when Germany was a common enemy, the American business sector actually had a greater affinity with Germany for most of the twentieth century.
How the fear of a shortage in American science talent fuels cycles in the technical labor marketIs the United States falling behind in the global race for scientific and engineering talent?
How ideas in complexity can be used to develop more effective public policyComplexity science-made possible by modern analytical and computational advances-is changing the way we think about social systems and social theory.
The remarkable story and personalities behind one of the most important theories in modern economicsFinding Equilibrium explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma-that a competitive market economy may possess a set of equilibrium prices.
A panoramic global history of the nineteenth centuryA monumental history of the nineteenth century, The Transformation of the World offers a panoramic and multifaceted portrait of a world in transition.
How governmental failure led to the 2008 financial crisis-and what needs to be done to avoid another similar event Behind every financial crisis lurks a "e;political bubble"e;-policy biases that foster market behaviors leading to financial instability.
Why the rich are getting smarter while the poor are being left behindWhat explains the growing class divide between the well educated and everybody else?
Nobel Prize-winning economist explains why we need to reclaim finance for the common goodThe reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis.
Rethinking Private Authority examines the role of non-state actors in global environmental politics, arguing that a fuller understanding of their role requires a new way of conceptualizing private authority.
In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests--so long condemned as the deadly sin of avarice--was assigned the role of containing the unruly and destructive passions of man.
In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today.
A fully expanded edition of the Nobel Prize-winning economist's classic bookThis collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics.
A dynamic framework for studying social emergenceThe social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty.
This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present.
What modern economics can tell us about ancient RomeThe quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution.
Understanding the dynamic evolution of the yield curve is critical to many financial tasks, including pricing financial assets and their derivatives, managing financial risk, allocating portfolios, structuring fiscal debt, conducting monetary policy, and valuing capital goods.
Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, and polluted land, air, and water.
A framework for the analysis of public investment in the developing worldIn the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy.
Just as we learn from, influence, and are influenced by others, our social interactions drive economic growth in cities, regions, and nations--determining where households live, how children learn, and what cities and firms produce.
In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks.
A comparative look at the astonishing economic rise of modern China and IndiaThe recent economic rise of China and India has attracted a great deal of attention-and justifiably so.
An essential account of the historic subprime mortgage crisis, from the Nobel Prize-winning economist and bestselling author of Irrational ExuberanceThe subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.
Ariel Rubinstein's well-known lecture notes on microeconomics-now fully revised and expandedThis book presents Ariel Rubinstein's lecture notes for the first part of his well-known graduate course in microeconomics.
A guide to the early decisions that can make or break startup venturesOften downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business?
A history of the steel and arms maker that came to symbolize the best and worst of modern German historyThe history of Krupp is the history of modern Germany.
This detailed account of the politics of opening agricultural markets explains how the institutional context of international negotiations alters the balance of interests at the domestic level to favor trade liberalization despite opposition from powerful farm groups.
