The Rationality Principle and Classical Economics

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The ‘standpoint of the old classical economists

In this paper I reflect on Piero Sraffa’s concept of the ‘standpoint’ of the old classical economists from Adam Smith to Ricardo and compare it with the standpoint of the marginalist economists in the theory of value and distribution.

Studies in Economic Nationalism

C. K. Ogden, the great semanticist and inventor of "Basic English", is reported to have commented on the saying: "words are convenient noises" by remarking that no more than one thousand of them have any precise meaning. This is particularly true of words relating to human affairs! The reason for this unsatisfactory state of affairs is not hard to find. Social relationships (political and…

Economics of development

GDP is the core measure of aggregate income used to measure total production from a country or region over a given period of time (usually a year, sometimes a quarter). You should have a quick catch up with what you have learned from EC2065 Macroeconomics about GDP and be able to distinguish between it and gross national product (GNP) . GDP per capita (divided by population) is, therefore,…

ALFRED MARSHALL’S PUZZLES. BETWEEN ECONOMICS AS A POSITIVE SCIENCE AND ECON…

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Introduction to Macroeconomics

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THE BRITISH ECONOMY

MOST of the chapters in this book are studies of economic develop- ment and policies in -various fields in the years 1945-50. The chapters which now constitute Part II were, however, designed as a background, describing the structure and principal characteris- tics of the British economy. There were obvious disadvantages in splitting up the …

PRINCIPLES OF ECONOMICS AN Introductory Volume

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MACROECONOMICS

We have designed this book to be a supplement to Robert J. Barro’s Macroeconomics, which is the textbook that is used in introductory macroeconomics courses at the University of Chicago. In teaching these courses, we have found that Barro’s treatment of the subject does not make use of the mathematical skills of our students. In particular, Barro relies almost exclusively on economic in…

ECONOMICS Concepts and Choices

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Alfred Marshall and Economic History An Essay

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Principles of Macroeconomics Sixth Edition

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ON THE MECHANICS OF ECONOMIC DEVELOPMENT

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Microeconomic Theory

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Microeconomic Theory

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The New World of Economics

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Handbook of Labor Economics

This chapter provides a comprehensive overview of decomposition methods that have been developed since the seminal work of Oaxaca and Blinder in the early 1970s. These methods are used to decompose the difference in a distributional statistic between two groups, or its change over time, into various explanatory factors. While the original work of Oaxaca and Blinder considered the case of the me…

Stand-Up Economics: The Micro Textbook

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The Superiority of Economists

In this essay, we investigate the dominant position of economics within the network of the social sciences in the United States. We begin by documenting the relative insularity of economics, using bibliometric data. Next we analyze the tight management of the field from the top down, which gives economics its characteristic hierarchical structure. Economists also distinguish themselves from…

The Economics of Keynes A New Guide to The General Theory

It is both a privilege and a pleasure to write a Foreword to Mark Hayes’s splendid monograph on the approach and method of The General Theory and, especially, on what they both owe to Keynes’s upbringing as a Marshallian

PRINCIPLES OF ECONOMICS

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MICROECONOMICS Principles and Analysis

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The Principles of Economics

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TIPS FOR TEACHING THE HIGH SCHOOL ECONOMICS COURSE

Since the inception of the national economic education movement in the middle of the twentieth century, the prominence of economics has grown in our public schools.

Fisheries Economics and Management

This book is the result of many years’ experience of teaching fisheries economics and management, also called bioeconomics, for undergraduate and graduate students in interdisciplinary programs, both in Norway and abroad. These students often have a limited background in economics and mathematics and the challenge has been to be analytical without being unnecessary mathematical. I have found …

The Concise Guide to Economics

The Concise Guide to Economics came about for the same reason that Frédéric Bastiat wrote so passionately and dedicated his entire life to spreading the truths of economics. Some people, economist Jim Cox among them, are rightly seized with the desire to get the message out to the largest possible number of people. This way they will be intellectually prepared to combat bad ideas when th…

The Very Idea of Applying Economics: The Modern Minimum-Wage Controversy and …

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THE BREVITY BOOK ON ECONOMICS

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THE ROUGH GUIDE TO Economics

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Modern Labor Economics Theory and Public Policy

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