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.
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.
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.
A sweeping intellectual history of the role of wealth in the church in the last days of the Roman EmpireJesus taught his followers that it is easier for a camel to go through the eye of a needle than for a rich man to enter heaven.
"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.
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.
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.
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.
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.
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.
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.
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.
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 Evolution of the Trade Regime offers a comprehensive political-economic history of the development of the world's multilateral trade institutions, the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO).
The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories.
A groundbreaking study that shows how countries can create innovative, production-based economies for the twenty-first centuryAchieving economic growth is one of today's key challenges.
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.
A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lensWhat's wrong with capitalism?
How religious barriers stalled capitalism in the Middle EastIn the year 1000, the economy of the Middle East was at least as advanced as that of Europe.
How the science of unselfish behavior can promote law, order, and prosperityContemporary law and public policy often treat human beings as selfish creatures who respond only to punishments and rewards.
A landmark textbook on development economicsThe study of development in low-income countries is attracting more attention around the world than ever before.
From Nobel Prizewinning economist Daron Acemoglu, an incisive introduction to economic growthIntroduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists.
Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks.
An authoritative look at the microeconomics of entrepreneurshipEntrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare, yet until fairly recently entrepreneurship was not considered worthy of serious economic study.
