Author Archive

Economic Gangsters: Corruption, Violence, and the Poverty of Nations
Economic Gangsters: Corruption, Violence, and the Poverty of Nations

Meet the economic gangster. He’s the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can’t touch him–he has diplomatic immunity. He’s the Chinese smuggler who dodges tariffs by magically transforming frozen chickens into frozen turkeys. The dictator, the warlord, the unscrupulous bureaucrat who bilks the developing world of billions in aid. The calculating crook who views stealing and murder as just another part of his business strategy. And, in the wrong set of circumstances, he might just be you.

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Why Most Things Fail: Evolution, Extinction and Economics
Why Most Things Fail: Evolution, Extinction and Economics
Failure is the most fundamental feature of biological, social and economic systems. Just as species fail—and become extinct—so do companies, brands and public policies. And while failure may be hard to handle, understanding the pervasive nature of failure in the world of human societies and economies is essential for those looking to succeed.

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Small Is Beautiful: Economics as if People Mattered
Small Is Beautiful: Economics as if People Mattered
The classic of common-sense economics. “Enormously broad in scope, pithily weaving together threads from Galbraith and Gandhi, capitalism and Buddhism, science and psychology.”– The New Republic

Customer Review: Small is still beautiful, large is still ugly
Of late the bestseller lists have been filled with titles such as “Freakonomics” and “Predictably Irrational”. Yet while the media fawns on these books, some people might find them strangely unsatisfying. It’s not a matter of computing a statistic incorrectly or doing the analysis wrong. The problem is in the premise. The authors of these books are wrong from start to finish.

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Economics: Private and Public Choice
Economics: Private and Public Choice
ECONOMICS: PRIVATE AND PUBLIC CHOICE includes many more engaging elements—such as scenes from popular movies and applications of economic theory to real-world issues—to help you see how these theories apply to the world around you. Each chapter has been updated to reflect today’s market, including analysis and explanation of measures of current economic activity. You’ll also find highlights of the lives of notable economists and how they contributed to the thinking that shapes our markets today. Common economic myths are dispelled, and the “invisible hand” metaphor is applied to economic theory, demonstrating how it’s working even today to stimulate the economy. This 12th edition includes new technology features such as a robust set of online multimedia learning tools, including video clips and free quizzes designed to support your classroom work; a completely updated Aplia interactive learning system with practice problems, interactive tutorials, online experiences, and more.

Customer Review: great buy
I got the book quick and it was in great condition, and for about 1/8 the price of a new one.

Customer Review: great book
I needed this book for a summer course I’m taking. I saved $94 off the bookstore price.

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America’s Great Depression (Studies in economic theory)
Applied Austrian economics doesn’t get better than this. Murray N. Rothbard’s America’s Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history.

The Mises Institute edition features, along with a new introduction by historian Paul Johnson, top-quality paper and bindings, in line with the standard set by The Scholars Edition of Human Action.

Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive.

Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed’s policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust.

The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.

Customer Review: Complete and irrefutable demolition of the “official story” of the Great Depression
In this book, first published in 1963, Austrian school economist Murray Rothbard completely demolishes the myths that (1) the Great Depression was caused by “under-regulation,” (2) that Herbert Hoover was a “laissez-faire” president, and (3) that FDR and his New Deal got us out of the Depression. That these myths can still be perpetuated within the diseased confines of the prisons we call public schools shows how much of Orwell’s fantasy has become our reality: this book, along with its irrefutable truths, was dropped down the Memory Hole long ago.

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Economic Analysis of Law
Economic Analysis of Law
Customer Review: Overrated simplistic reasoning
First of all, the law and economics movement did not originate with Richard Posner. To his credit, he does reference the men who collectively formulated the modern utilitarian theory called “law and economics.” Pay attention to the enormous amount of spelling errors and poor syntax in the first edition. The book seems like it was rushed to the presses in order to capitalize on something.

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Entertainment Industry Economics: A Guide for Financial Analysis
Entertainment Industry Economics: A Guide for Financial Analysis
In this newly revised book, Harold L. Vogel examines the business economics of the major entertainment enterprises: movies, music, television programming, broadcasting, cable, casino gambling and wagering, publishing, performing arts, sports, theme parks, and toys and games. The seventh edition has been further revised and broadened and differs from its predecessors by restructuring and repositioning the previous Internet chapter, including new material on the economics of networks and advertising, adding a new section on policy implications, and further expanding the section on recent theoretical work pertaining to box-office behaviour. The result is a comprehensive up-to-date reference guide on the economics, financing, production, and marketing of entertainment in the United States and overseas. Investors, business executives, accountants, lawyers, arts administrators, and general readers will find that the book offers an invaluable guide to how entertainment industries operate.

Customer Review: Excellent reference for understanding media business models
This book provides a thorough explanation of the business models of most of the media and entertainment industries - music, radio, TV, even casinos and theme parks. There is both a historical perspective and a presentation of the current state. Most of this information is not available in print or on the net elsewhere.

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Introductory Mathematical Analysis for Business, Economics and the Life and Social Sciences (12th Edition)
Introductory Mathematical Analysis for Business, Economics and the Life and Social Sciences (12th Edition)

This classic book continues to provide a foundation for mathematical literacy in business, economics, and the life and social sciences.  Covers concepts ranging from introductory equations and functions through curve sketching, integration, and multivariable calculus. Helps readers connect concepts with the world around them through genuine applications, covering such diverse areas as business, economics, biology, medicine, sociology, psychology, ecology, statistics, earth science, and archaeology. Updates exercises, problems, and Mathematical Snapshots throughout. Improves writing style and mathematical derivations without sacrificing the book’s signature flavor.  For anyone interested in learning more about introductory mathematical analysis.

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Economics Today plus MyEconLab plus eBook 2-semester Student Access Kit (14th Edition) (MyEconLab Series)
Economics Today plus MyEconLab plus eBook 2-semester Student Access Kit (14th Edition) (MyEconLab Series)
Readers learn best when they see a concept applied in the context of examples they understand. That is why Economics Today is so successful when readers hail from a wide variety of backgrounds. An abundance of relentlessly current, news-worthy examples motivate every chapter and reflect the interests of today’s diverse reader population.

Introduction: The Nature of Economics; Scarcity and the World of Trade-Offs; Demand and Supply; Extensions of Demand and Supply Analysis; The Public Sector and Public Choice; Taxes, Transfers, and Public Spending; Introduction to Macroeconomics and Economic Growth: The Macroeconomy: Unemployment, Inflation, and Deflation; Measuring the Economy’s Performance; Global Economic Growth and Development; Real GDP Determination and Fiscal Policy: Real GDP and the Price Level in the Long Run; Classical and Keynesian Macro Analyses; Consumption, Real GDP, and the Multiplier; Fiscal Policy; Deficit Spending and the Public Debt; Money, Stabilization, and Growth: Money, Banking, and Central Banking; Money Creation and Deposit Insurance; Domestic and International Dimensions of Monetary Policy; Stabilization in an Integrated World Economy; Policies and Prospects for Global Economic Growth; Dimensions of Microeconomics: Consumer Choice; Demand and Supply Elasticity; Rents, Profits, and the Financial Environment of Business; Market Structure, Resource Allocation, and Regulation: The Firm: Cost and Output Determination; Perfect Competition; Monopoly; Monopolistic Competition; Oligopoly and Strategic Behavior; Regulation and Antitrust Policy in a Globalized Economy; Labor Resources and the Environment: The Labor Market: Demand, Supply, and Outsourcing; Unions and Labor Market Monopoly Power; Income, Poverty, and Health Care; Environmental Economics; Global Economics: Comparative Advantage and the Open Economy; Exchange Rates and the Balance of Payments

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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents models of such markets. These models explain the available financial data more accurately than the efficient markets hypothesis, and generate new predictions about security prices. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.

Customer Review: Best introductory book on behavioral finance
As has been admitted by even the staunchest former proponents of financial economics (such as Burton Malkiel), the multi-decades old dominant intellectual field in academic finance has piled up against itself persistent anomalous data. Thus, it is no surprise, as the science of economics advanced, that a new intellectual field would develop to challenge and replace the old. Behavioral finance, which relaxes some of the key assumptions in financial economics, utilizes survey data, and integrates knowledge from psychology to better understand financial markets, is that new intellectual field.

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