Product Description
International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory to major policy questions, past and current. The Sixth Edition has been throughly revised to reflect the changes of today's global economic landscape, including the unprecedented expansion of globalization, the increasingly crucial nature of international economic relations, the gains from trade, and recent anti-globalization controversies such as the continuing debate over the optimal level of trade.Consistent with previous editions, the text presents an integrated treatment of the Ricardian model, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy and the income-distribution effects of trade.The book also provides a unified model of open-economy macroeconomics, based on an asset-market approach to exchange rate determination with a central role for expectations. ... Read more

Customer Reviews (19)

Your first lesson in International Economics
Your first lesson in International Economics is to get the international version of this book.It will be softcover, also the 8th edition, and half the price.It will be the same, page for page.

Then take the person of your choice out for a nice dinner.You'll be glad you did.

Best econ book I've ever used
This is easily the best economics textbook I have ever used (and after getting an MA in economics, I've used several). It has clear, colorful graphs with notes right next to the graphs explaining the movements. The main text is very accessible for the lay reader, but each chapter also includes boxes and appendices going into greater depth. It also addresses the policy challenges and political economy, both of which are crucial to understanding international economics. Highly recommended!

Received Wrong Edition of Book
I ordered and paid for a 6th edition of this book (recommeded by my professor). I received a 3rd edition, which I already own. Big disappointment!

An important and useful text for understanding trade theory
Krugman and Obstfeld, two world renowned international economists, provide a full detailed analysis and examples for the basis of trade among nations. It is relatively straightforward to comprehend for both economists and noneconomists. International trade is an important component of economic policy for the growth and development of countries. This book examines various theoretical trade models and provides real world examples of policy formulation and their impact. The authors do not take any political positions, thus making their analysis a purely objective, or positive study.

I would highly recommend this book to students interested in doing research in international trade and development. It is a must read for prospective international economists. Noneconomists might also find it as a useful reference.I found the book to be invaluable in my graduate research and dissertation.

Krugman
Some complicated theories explained in a way that can be understood.

Esay flow from a concept to the next. ... Read more

Customer Reviews (7)

Tough read but worth the effort if you are patient
I read Schumpeter's "History of economic analysis" a couple of months ago so I decided dive into this other important contribution. I must admit, it wasn't nearly as interesting and took some real effort. The other reviews listed go over his important points about the business cycles but what I enjoyed about "History" was his style of writing that was witty, down to earth and very sharp. This book seemed to be the opposite. Not my favorite.

Qucik and tight packaging
Many innovation researcher always cited famous sentence from this book. Innovation is defined as the introduction of new goods, methods, market, source of supply, and organization. Few researcher, however, told so what. This valuable title is still available. Great treasure.

Zachary Zeisler's Review of Joseph Schumpeter's The Theory of Economic Development
Watch Video Here: http://www.amazon.com/review/R2CVPEG93YZSNO Zachary Zeisler's review was made as part of a critical review assignment for the Spring 2009 Economics of Technology seminar at the University of Nebraska at Omaha, taught by Art Diamond. (The course syllabus stated that part of the critical review assignment consisted of the making of a video recording of the review, and the posting of the review to Amazon.)

Dynamics and Progress
The Theory of Economic Development represents a high point in the history of economic science. Schumpeter had a clear understanding of the difference between static and dynamic issues in economics, and an appropriate appreciation of the latter. This book also shows how advanced Schumpeter's thinking was. On page 10 Schumpeter appears to anticipate the modern definition of economics- 20 years before Robbins wrote his Nature and Significance of Economic Science (was this in the original edition, or just in my 1934 reprint?). Chapter one sorts out Say's Law of Markets in detail, and explains its static nature. Chapter two explains economic development in correct dynamic terms (unlike the pseudo-dynamics of Neoclassical growth theory). Schumpeter is able to explain dynamics because he examines entrepreneurship (and vice versa). Schumpeter also leaves room for real institutions, especially financial markets.

I can honestly say that I learned some new and important things from reading this book, despite the facts that I have a PhD in economics and took my first economics class 21 years ago. Unfortunately, most economists would learn more from reading this book than I. This is a sad commentary on the current state of affairs in economics. Schumpeter was interested in matters of great consequence and thought about them deeply. There is simply no comparison between Schumpeter's insightful analysis and the tedious and purely imaginary intellectual constructs of Solow influenced math modelers. There is a clear difference between Schumpeter's analysis and the intellectual gymnastics of modern mathurbationists. Schumpeter was a true professional.

I was somewhat surprised by the extent to which Schumpeter's ideas fit with the ideas of Mises, Kirzner, and Lachmann. Schumpeter is often seen as an Austrian born Walrasian instead of as an Austrian economist in the Menger-Mises-Hayek tradition. There are clear Austrian influences on Schumpeter's thinking, though he was not a Mises clone. I was already impressed with Capitalism, Socialism, and Democracy. Schumpeter was a true genius, and an economist on par with Ricardo and Hayek. Read this book to learn some development economics, and a little intellectual history too.

Before Keynes and Mandelbrotthere was Schumpeter
Schumpeter had an expression that intuitively sums up in a few choice words quite a few of the theoretical concepts of J M Keynes and the empirical/statistical breakthroughs of Benoit Mandelbrot.Unfortunately,Schumpeter lacked the technical training in mathematics,statistics and probability that he needed in order to give a rigorous exposition of his intellectual and intuitive discoveries.Those few choice words are"regular irregularity".Looking at the data available to him early in the 20th century,Schumpeter was able to categorically argue ,correctly ,that price movements over time in different markets and changes in investment over the business cycle could NOT be modeled by assuming that a normal probability distributioncould be applied.Schumpeter was the first economist to make a clearcut distinction between risk(applying a normal probability distribution with a stable mean and variance(standard deviation))and uncertainty.Uncertainty would automatically arise over time due to the regular irregularity of constant(nonconstant)technological innovation,change and advance over time.It is quite easy to see that Mandelbrot's nonparametric two variable constructs, measuring discontinuity and short run/long run persistence/dependence(as opposed to the normal distributions assumptions of continuity and independence),are described by Schumpeter's"regular irregularity".Unfortunately,instead of breaking with the classical and neoclassical schools of economics,as both Keynes and Mandelbrot did,Schumpeter decided to remain a loyal soldier,downplaying his severe disagreements.This was Schumpeter's great error.He recognized the severe limitations of the standard price adjustment equilibrium demand and supply analysis,but went along anyway.The potential reader will find chapter 6of Schumpeter's book alone to be worth the price of admission needed to obtain access to Schumpeter's brilliant breakthroughs. ... Read more

Customer Reviews (6)

Good.
I was assigned several chapters from this book to read for one of my political science classes.I can't say I've come across any other books like this that describe the nature of electoral politics and realignments when they occur.

My professor did mention that this book revolutionized just how we view the electoral process.A good read, one that I would recommend.Diagrams are useful.

Great book but a bit too expensive...
I just finished writing a critique on this book for a core political science class and it's definitely a classic.I would recommend it to all political science majors and anybody interested in voting behavior. But again, why is it so expensive?

Why is this book so expensive?
Classic, empirical work in political science. This book is essential for any high school civics teacher, undergraduate political science major, or graduate student ... but why on EARTH is it $40 used?

The most misunderstood book in political science
An Economic Theory of Democracy is among the most influential books in political science. It is also among the most misunderstood. The book has 300 pages of content. The famous median voter theorem represents three of them. The remaining 297 pages involve extensions, limitations and generalizations -- exactly the sort of thing that most critics think it lacks.In the end, the book is really about the problems of limited information rather than about a unidimensional spatial model.

Good as a starting point
Downs is the seminal piece in rat choice voting behavior - and for good reason.A clear understanding of the Downs theories of voting ties together many strands of work and allows for a good framework for scholars who follow him.

The book is a must read for political scientists and for anyone who wants to understand the voting literature. ... Read more

Product Description
This book examines why game theory has become such a popular tool of analysis. It investigates the deficiencies in this methodology and goes on to consider whether its popularity will fade or remain an important tool for economists. The book provides the reader with some basic concepts from noncooperative theory, and then goes on to explore the strengths, weaknesses, and future of the theory as a tool of economic modelling and analysis. All those interested in the applications of game theory to economics, from undergraduates to academics will find this study of particular value. ... Read more

Customer Reviews (4)

A Very Nice Introduction to the Topic
I picked up this book a couple of weeks back in order to broaden my knowledge of Game Theory in the field of economic modeling. Since I was looking for an introduction with brief explanations of topics, a few pointers etc.; I would say, I was very pleased with the content matter as well as with the manner of presentation.

What it is NOT: As have been mentioned by a few reviewers, this work is NOT a detailed text-book in Game Theory, or its varied applications, or Macroeconomic and Microeconomic Modeling. If you're looking for any or all of these, kindly refer to other works.

What it is: Instead, it's a very nice introduction into the world of "non-cooperative game theoretic economic modeling" especially in the context of bargaining between employers and workers, optimizing production function(s) for monopolistic firms, detecting incredible and credible threats etc. The introductions to Normal and Strategic forms of non-cooperative games theoretic representations, the "Folk Theorem", "von Stackelberg" type repetitive games etc are very nicely exemplified.

Kindly bear in mind: As the author mentions at the very beginning, it is not a text book. Anyone starting out on a journey of Game Theory in Macro-economic and Micro-economic modeling would do well, if he/she would read this work and then move on to a more comprehensive text-book. Since this work is not voluminous in size and very easily piled up (both to the author's credit), it's a very nice introduction to the subject.

4th March, 2006

Subhasish Ghosh
St. Cross College, University of Oxford

Good Background
The intro suggests that this book is for a casual reader who is looking to understand Game Theory.I agree.I read this book along with the text by the same author and am very pleased that I did.I can understand his textbook much easier after reading the book.I feel like the book is a very interesting read, which never gets too technical.He indicates several points where a textbook would be better, that in this format he is just looking to give an overview.Regardless, I have found that studying game theory is much better having read this book.The topic can be a little overwhelming at first, but with Kreps, it comes out fine in the end.

A lecture, not a book
This is an offhand lecture by a professional in the field. It's not a textbook or a monograph - it is a side look at the state of the field. The author explains why game theory was useful in explaining various phenomena, but at the same time gives us hints for why it failed to explain others. You will learn that the abundancy of equilibria and structure in repeated games will enable you to prove almost anything, which is the weakness rather than a strength of this tool. Kreps defines the limits of the field and tells the reader what is yet to be done in game theory - and why.

A good read after a theoretical textbook. It allows you to stop, turn around and ask yourself a few fundamental questions.

Game theory
Its alright, I guess. Rasmusen is much better. ... Read more

Product Description

Customer Reviews (7)

Like reading murky Elizabethan prose for this generation of game theorists
Like reading murky Elizabethan prose for this generation of game theorists.

Theory of Games and Economic Behavior (TGEB) is the Ur-text of game theory, and Morgenstern and von Neumann bridge the gap and make discoveries between logical positivism, formal logic, choice sets, number theory, and binomial and multinomial outcomes.

But in retrospect, this work is rather cumbersome and notation, because so much of it was new, is often baffling to those who have learned game theory from more modern lecturers: a lot of clarity and light has been shed on the field since this was written.

As brilliant as the insights of von Neumann, and to a lesser extent Morgenstern, were, they were building in response to the nearly simultaneous discoveries by Nash of a new sub-set of mathematics, and like all new fields the first expression needed editing and focus. For this is this work's flaw: it attempted as a first expression of a new field to be comprehensive. Whereas Nash's discovery of equilibrium was lean and concise, with profound reverberations throughout decision sciences, TGEB is bloated and sometimes misguided: economics is too huge a field, and even then the concept of homo economicus rationalis was crumbling under the discovery that people make suboptimal decisions all the time.

For those who are reading this for historical curiosity, I suggest William Poundstone's "Prisoner's Dilemma" in conjunction with TGEB, but frankly modern expressions of game theory in more abbreviated texts such as Harold Kuhn's works are actually better because they've cleaned out the dead ends and tightened up he notation and expression.

very fast shipping, great transaction
I was very happy with book I received. Book was as described and shipped very fast. Thank You!

revolutionary
This book is a must for high level math or econ. majors.To truly understand all the math you need advanced calculus, but the book is still worth while if you only have a basic knowledge of math.The work von Neumann did was revolutionary, with game theory being a joke before this work.You should read it.

Please, the genius speak!
This book is very important for the quality of argument by two big personalities. The lecture is nice for the richness of particulars about several aspects of the theory. The student can understand the singular properties very cleary. The historical importance of this book is very strong.

Thorough, Maybe Too Thorough
I am in the middle of this book now.I chose it because it was the first in this field.It presents so much information, it can overwhelming.Perhaps I should have chosen a simpler book for my first.Oh well, I will plod along.My limited math skills meas I miss out on a lot of the book, but the stuff in between the math is great and is helping me to better understand the ideas.
I'm giving it four stars.It is jam-packed with great research and the reader can learn quite a bit, but the heavy math emphasis makes it difficult for many to consume. ... Read more

Customer Reviews (2)

solid book on price theory
Good old price theory, Chicago style. Complements nicely more theoretical approaches like those of Mas-Colell et al. or Reny and Jehle.

Deepening your understanding in microeconomics
This book is very innovative in the sense that some concepts taken for granted are challenged. For instance, even if the consumer behaves irrationally, the demand tends to be negatively inclined, because theresources are scarce. Sometimes, the book gets very difficult, and thereader has to derive some equations. It is very interesting thepresentation of the creative theory of allocation of time. The book doesnot argue General Equilibrium, but it has an extensive and non usualdiscussion about human capital. Also, note that this is not a subjectusually covered in introductory books. Finally, it should be pointed outthat some exercises are really hard, although they are not mathematicallydemanding. I do not recommend this book for beginners, but for those whowish to deepen his knowledge about microeconomics. ... Read more

Product Description
Designed for the Survey of Economics course, the eighth edition of Economics: Theory and Practice introduces students to basic economic concepts, institutions, relationships, and terminology. This book prepares students to use economic thinking in their classes, careers, and everyday lives. ... Read more

Customer Reviews (3)

Eco Book Good Buy
I was very satisfied with the delivery time. I ordered on a Friday, and had it by Mon. The condition was good, but had a bit more markings than I anticipated. Overall, good buy, and good price.

Great book
Received in excellent condition.Book arrived promtly and was excactly how i ordered it.Thanks!!

Economics: Theory & Practice
Product came on time and as described.
Totally Satisfied.
... Read more

Product Description
A Simon & Schuster eBook ... Read more

Customer Reviews (1)

Referenced too often not to read this....
Weber is mentioned so often in subsequent texts that it become necessary to read his work just to be in the loop.In that regard, one should read his book.

That said, the early chapters were for me better than some of the latter. The ideas he posits on traditional vs. routine or bureaucratic organization are truly revolutionary.His descriptions of the inherent conflicts arising from the social structure are really insightful. The manner in which he lays out the importance of funding to the organization and the various classifications by which an organization can attempt to obtain that funding is really well conceptualized.

However, those that agree with Popper or have more modern beliefs about the manner in which economic systems are organized may find his discussion of money to be out-dated.His point of view predated the advancement seen in debt issuance innovation and therefore misses it. (How ironically Popper-ian to miss the way that Weber does!)

Moreover, he is writing during the initial period of charismatic leaders.This period has "played-out". His work is still interesting, but so much has been learned that has greater pertinence and specificity for those particularly interested in the politics of charismatic leaders.

That said, Weber's work is a turning point within academic thought and should be read. ... Read more

Product Description
“Explains our global economy in a way that is (gasp!) actually entertaining.”—Book MagazineFinally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives readers the tools they need to engage with pleasure and confidence in the deeply relevant, not so dismal science.

This revised and updated edition adds commentary on hot topics, including the current economic crisis, globalization, the economics of information, the intersection of economics and politics, and the history—and future—of the Federal Reserve. ... Read more

Customer Reviews (181)

Enjoyable look at basic economics
This is a terrific introduction to basic economic principles. It could have been titled Economics for Dummies. Whelan covers most of the principles that are in introductory economics classes,but Naked Economics never feels like a textbook. What I especially liked about Naked Economics is Whelan's fairness, He never shows the ideological bias of say, Paul Krugman or Arthur Laffer. He just explains the principles of economics in an entertaining way. Naked Economics is a must read for economic novices.

Practical economics explained very well for noobs
I am a network engineer who usually reads technical books on TCP/IP and other network protocols.However, I have a great interest in the US and world economy but I never really understood how it all works.This book was a breath of fresh air.It explained many aspects of economics in a way that I could understand.It made me want to learn more about it while laying the groundwork for that knowledge.Highly suggested to everyone!

Great for Beginners!
I purchased this book as a gift for a friend.His feedback has been revealing, as the author touches on subjects with flair and simplicity, ideal forbeginners!

Excellent overview of economics as it is taught in college
I can't fault the book for not teaching the subject material well.The fact is, the author makes it very easy to follow Neoclassical economics (minus the charts, graphs, and equations) as it is currently taught in most universities.

The quibbles I have are twofold:

1. Being released in 2002, some of the information is dated, and makes the author look incompetent when it comes to using academic economic theory to explain depressions and recessions.He is shown to be utterly wrong.Perhaps if he were somewhat versed in Austrian trade cycle theory, whether in an appendix or a separate chapter, he could have redeemed himself somewhat.Neoclassical economics has few credible explanations for business cycles.

2. He seems to have an incessant need to keep stating (and restating, ad nauseum)the "need" for government (and a central bank) in a successful economy.He does it in such a way that I couldn't help but wonder if he happened to be suffering from some cognitive dissonance.He just wasn't very believable.
_________________________________________

In the end, I could only muster three stars for this book.He really did an excellent job at delivering flawed material.

Straightforward introduction to market economy
This is a great book.It is written in plain language so a layman like me can understand without pondering upon any perplexing and confusing jargons.The way the market works is explained in a very direct and clear way.It stresses, among aother things, the importance of lateral thinking, and consideration of ramifications in policies, in economics.Lots of humor.5 stars. ... Read more

Product Description
  The best-selling Modern Labor Economics providesa clear, comprehensive introduction to labor-market behavior. Inaddition to presenting core theory, Ehrenberg and Smith provideempirical evidence for or against each hypothesis, explore theusefulness of various theories for public policy analysis, and includedetailed policy examples in each chapter.

Introduction; Overview of the Labor Market; The Demand for Labor; LaborDemand Elasticities; Frictions in the Labor Market; Supply of Labor tothe Economy: The Decision to Work; Labor Supply: Household Production,the Family, and the Life Cycle; Compensating Wage Differentials andLabor Markets; Investments in Human Capital: Education and Training;Worker Mobility: Migration, Immigration, and Turnover; Pay andProductivity: Wage Determination Within the Firm; Gender, Race, andEthnicity in the Labor Market; Unions and the Labor Market;Unemployment; Inequality in Earnings; The Labor Market Effects ofInternational Trade and Production Sharing.

For all readers interested in labor economics. ... Read more

Customer Reviews (7)

this seller didnt ship the book.
the book was suppose to arrive within a week. i have been waiting for the seller to ship the book, i contacted the seller and demanded a refund but i heard nothing back. Dont waste your time and Money buy form someone else.

Honest about the product.
Be honest about the posting of the product. Be specific about highlight, missing pages or any kind of damages to the product.

Nice book
almost the same as the newer addition , has all the things you ned to know about labor economics

Decent Study Guide
This study guide was pretty good.The questions have a good mix of difficulty, and the samples and explanations really helped with a couple of the concepts that were pretty unclear in the book.

A very interesting textbook about labor economics
I was a teaching assistant in a labor economics undergraduate course in Northwestern University that used this book. I found it very interesting and full of real-world examples and discussions. The mathematical level is simple and therefore the book is accessible also to students with only little background in mathematics or economics. The exposition is clear. About half of the problems and the review questions are solved at the end of the book, making it possible for the reader to practice and test her understanding of the material. I believe that most students can understand most of the material in the book even without taking a formal course in labor economics, and therefore I recommend it to anyone who is interested in the functioning of labor markets. ... Read more

Product Description

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms.

To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium.

The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Product Description
Written by four recognized experts with senior experience in research and government, this text is the first comprehensive survival kit for students and practitioners of economic policy. It is set to become an indispensable resource for everyone involved or interested in modern economic policy. Academic scholars willing to engage in policy discussions and students at graduate or advanced undergraduate levels will find it an essential bridge to the policy world.

What makes the book unique is that it combines like no other, facts-based analysis, state-of-the art theories and models, and insights from first-hand policy experience at national and international levels. The book has grown out of ten years of experience teaching economic policy at the graduate level. It provides an intellectually coherent framework to understand the potentialities and limits of economic policy. It addresses positive dimensions (how do policies impact on modern economies?), normative dimensions (what should policymakers aim to achieve and against what should their action be judged?) and political-economy constraints (which are the limits and obstacles to public intervention?). It fills an important gap by reconciling in each major policy area stylized facts of recent economic history, key questions faced by contemporary policymakers, and essential lessons from theory which are captured and explained in a clear, concise, and self-contained way.

All major areas of domestic and international policymaking are covered: fiscal policy, monetary policy, international finance and exchange-rate policy, tax policy, and long-term growth policies. The book concludes with a special chapter on the lessons of the financial crisis.

The authors are intellectually non-partisan and they draw examples from various countries and experiences; from emerging markets to developing economies, shedding light when necessary on local specificities such as European Union rules and instruments. Economic Policy: Theory and Practice is the essential guide to economic policy in the new post-crisis context. ... Read more

Product Description
This book consists of five acts and two interludes, which are all written as dialogues between three main characters and other supporting characters. Each act discusses the epistemological, institutional and methodological foundations of game theory and economics, while using various stories and examples. A featured aspect of those discussions is that many forms of mutual misunderstanding are involved in social situations as well as in those fields themselves. One Japanese traditional comic story called the Konnyaku Mondo is representative and gives hints of how our thought is constrained by incorrect beliefs. Each dialogue critically examines extant theories and common misunderstanding in game theory and economics in order to find possible future developments of those fields. ... Read more

Customer Reviews (1)

Game Theory in Five Acts- fresh style, great book
Written like a play in five four-scene acts with two interludes, this book is a joy to read - a pure joy!Academic writings of this kind, on as technical a subject as game theory, are scarce. I picked up the book thinking it would be a parody on some aspect of either economics, game theory, or both. Wrong - the book turned out to be one of the most effective and entertaining readings I have done in a while. The cast, the setting, and illustrations are all well done and likeable. The writing is so easy to understand that I found myself playing many parts and liking it: the audience, the actors, the director/producer, and the narrator.

The first act focuses on the fallacy of composition in economics and game theory. In a few page the author beautifully succeeds in showing the thin line between the profundity and triviality of scientific endeavors.

Act 2, entitled "Konnyaku Mondo and Game Theory" deals with the epistemological foundations of game theory. Apparently "Konnyaku Mondo" means "common knowledge" in Japanese. Common knowledge is just another game in which participants often think they understand "each other, but actually ... may be thinking about totally different things" (p. 42). Common knowledge is one of the sources of mutual misunderstanding.

The conversations of Act 3 enlighten understanding of the prisoner's dilemma and the challenge it poses for the efficacy of the Invisible Hand, and therefore the stability, perhaps even existence, of market equilibrium. One learns and re-learns that market failures are more pervasive than usually admitted, and not incomplete or asymmetric information alone, but also due to this Konnyaku Mondo phenomenon. However, before the act ends, it leaves a cautionary note against jumpy and unreasoned forays that confuse perfect competition and free competition - another source of mutual misunderstanding. Clearly I learned more about the prisoner's dilemma and game theory than I did from the movie A Beautiful Mind, and for less.

The two interludes provide an essential breather by concentrating on the "crises" in economic theory and game theoretic research. The brief literature review is global; the perspective mainly Japanese; the net gain definitely positive.

Act 4 is frontal in its attack of issues and ideas, and the most technical of all the acts. It deals with the implications of the Nash equilibrium for decision making. Along with Act 3 it clearly reveals that the author is an active theoretical gamer. Only an insider would have been so intimately familiar with extensions to game theory made by RJ Aumann and TC Schelling. The majority of us came to hear about the two only after they won the Nobel Prize in Economic Science for 2005. The book may be an academic autobiography, but I like it nonetheless.

The final act (Act 5) discusses "the philosophical foundations of the social sciences" from the viewpoints of both "methodological individualism and methodological collectivism" (p.195). Another source of mutual misunderstanding is that many of us fail to see that individualism is the basis for collectivism - which sounds like something I read from Bertrand Russell.

If W. Arthur Lewis's Hobbesian assertion is correct that human progress would have fared poorly without reading, writing, and the Scientific Method, this book does well for all three. I strongly recommend this little book, especially to researchers. Amazing - just AMAZING!

Voxi Heinrich Amavilah, Author
Modeling Income Determinants in Embedded Economies : Cross-section Applications to Us Native American Economies
ISBN:1600210465
... Read more

Product Description
In today’s managerial world, it’s critical that students learn how to make strategic economic decisions.
The seventh edition of Managerial Economics is the most current text available, encouraging students to see beyond the equations and graphs to the general precepts, such as marginal analysis and backward induction. Its new content draws on dozens of contemporary case studies, inviting students to apply problem-solving skills and to reflect on real-world economic decisions.
... Read more

Customer Reviews (3)

International Copy
The book was in good condition.It was a paperback not a hard copy which I do not recall being informed of that before.I guess its fine since the price was alot cheaper.

Very Slow Delivery
I needed the textbook for a course. It took 3-1/2 weeks to arrive. I would never order from them again.

Managerial Economics
Book was in great condition, and transaction was smooth. Will definitely do business with again. Thank you! ... Read more

Product Description
Out of the Margin is the first book to consider feminist concerns across the whole domain of economics. In recent years there has been a tremendous increase in interest on the relation between gender and economics. Feminists have found much of concern in the way the economics has written women out of its history, built its theories around masculinist values, failed to take proper account of women and their work when measuring the economy and ignored most of the policy issues that press most heavily upon women. This book is a firm rejection of this marginalized position. ... Read more

Product Description
In today's managerial world, it's critical that students learn how to make strategic economic decisions. The seventh edition of Managerial Economics is the most current text available, encouraging students to see beyond the equations and graphs to the general precepts, such as marginal analysis and backward induction. Its new content draws on dozens of contemporary case studies, inviting students to apply problem-solving skills and to reflect on real-world economic decisions. ... Read more

Customer Reviews (1)

just fine
it's clean outside and inside, good, but a little scratch on the cover, that's alright ... Read more

Product Description
The new edition of "Environmental and Natural Resources Economics" provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. This up-to-date and innovative textbook is designed for economics majors as well as students in interdisciplinary programs, such as environmental science and policy. The new edition has been updated extensively throughout. A new chapter has been added on fisheries economics and policy, and the chapter on global climate change has been substantially rewritten to incorporate new scientific information and evolving public policy. Many new figures and tables have been added, and the glossary has also been expanded. Instructors will find that students appreciate the balanced and accessible coverage, and the integration of economics with science and public policy. ... Read more

Customer Reviews (2)

Good book, some errors, but good.
Hackett's book does good at introducing microeconomics from an Environmental perspective. The content is not very weighty, and in fact makes for gentle, yet, stimulating reading. He opens by discussing "Ethical Systems of thoughts" and differentiating between price and value. His book then delves a bit deeper into the actual theory whereupon we are introduced to Marginal Benefits, Marginal Costs, Equilibrium, & Market Failure, which is precursory to Externalities. He's even bold enough to introduce Kantian ethics in his short discourse which also includes deontology and teleology. The book is well structured, and although interspersed with some errors (which Hackett has apparently desisted from communicating with me about)it's a swell book overall.
I definitely recommend reading this book alongside Ian Hodge's "Environmental Economics"

Economics isn't just about money!
"Economics is the study of how scarce resources are allocated among competing uses."- Steven Hackett starts with the basics, perhaps recognizing that many readers (like this reviewer)have a limited, if not non-existent level of knowledge of a subject that controls our lives.Contrary to widespread opinion, economics is not the dismal science, and neither is it an esoteric exercise that is limited to the likes of Alan Greenspan.Hackett's definition of scarcity is similarly enlightening as his definition of economics - "something is said to be scarce when, at a zero price, more is wanted than is available."So most things are scarce, and everyone makes economic decisions about allocating scarce resources, whether or not those allocation decisions involve money and market transactions. From those basic definitions and more, Hackett proceeds to explain and expand upon the value systems and the allocation decisions that we make as individuals and as a society.As the title implies, "Environmental and Natural Resource Economics" concentrates on the decisions that are made about the use of natural resources, including wilderness, forests, minerals, and fisheries. He also discusses pollution and the options for controlling pollution, including market mechanisms for pollution reduction.Sustainable development is a major theme of the book and Hackett explains a variety of approaches to sustainability.For anyone who wants more than an emotional opinion on the environment and the choices that society must make in its use of the environment, Steven Hackett provides a readable and valuable introduction to a subject of critical importance. ... Read more

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Succed in economics with, ENVIRONMENTAL ECONOMICS AND MANAGEMENT: THEORY, POLICY AND APPLICATIONS. Learn to use economic analytical tools such as market models, benefit-cost analysis, and risk analysis to assess environmental problems and to evaluate policy solutions. Margin definitions and internet links help you master the terminology and offer updates and information beyond the text. ... Read more

Customer Reviews (2)

Speedy Delivery
Even though I had this book FedExed because i needed it for class during the same week. The description was 100% accurate and I had no problems

Very Helpful!
The book contains VERY thorough explanations!Sometimes the equations are hard to follow, but overall, a very resourceful academic tool! ... Read more

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Customer Reviews (4)

Probably the best math-econ book for anyone who wishes to pursue a Ph.D. in economics
As a junior economics professor, I have been through a number of math-econ books (which means quite a lot of torture in the learning history). CSZ (Corbae, Stinchcombe, and Zeman) ranks the top place on my recommendation list of math-econ books for anyone who wishes to pursue a Ph.D. in economics.

I can not agree with the authors more that "this books bridges the gap that has separated the teaching of basic mathematics for economics and the increasingly advanced mathematics demanded in economics research today." They have done a fantastic job in building up this bridge. During the learning of math econ, a common problem (insofar as I know) is that after you finish the class with a good grade, you still do not know how to apply those math tools in the research practice. A first group of math-econ books are just all abstract math (sometimes, there are pure math books), including tough and intimidating real analysis, functional analysis, etc.... Yes, you can really learn a lot of math (after many many sleepless nights like I did before), but...but, those math are not coupled with econ questions. Such a course might help you understand the technical papers, but might not teach you well how to construct econ models by yourself. A second group of math-econ books do not set a high-level of technical requirements. They might teach a lot of comparative statics and linear algebra, followed by very limited of real analysis. If you merely take a math-econ book in the second group, I guess you will not make sense of SLP (Stokey, Lucas and Prescott).

Now CSZ fills the gap between the two groups among math-econ books. Starting from the very beginning, real analysis with its econ application is introduced in a step-by-step, self-contained, and sometimes entertaining approach. If you have a solid undergraduate background in calculus and linear algebra (do not tell me you got a C in those courses!), you should be able to completely understand the beginning chapters which provides proofs of theorems, (remarkably!) examples, and inspiring exercises. Once you work out those exercises in the beginning chapters, more profound math stuffs in the later chapters should be

In an accessible approach, it introduces rigorous math that is demanded by advanced econ research. Interestingly this textbook does not even have a chapter called "comparative statics", "constrained optimization", etc., but it beautifully embeds those stuffs into the discussions of logic, set theory, etc. In a similar approach does CSZ provide a math foundation for econometrics after Chapter 6. CSZ's introduction to metric spaces in the second and third sections of the textbooks makes me very conformable (i.e. better equipped) when I go back to those graduate econometrics textbooks (especially, if you want to study Paul Ruud's Introduction to Classical Econometrical Theory). So, it is perhaps a must-read material before you touch those popular graduate econometrics textbooks, such as Greene, Hayashi, and Ruud.

It is probably the best companion (besides Nolan Miller's Micro Notes) to MWG's Microeconomic Theory. I recognize that CSZ adopted MWG as an important reference for this textbook.You do not really have to study CSZ before you start learning MWG, but if you are ambitious to work out all the C-level questions in MWG, you are better to grab a copy of CSZ on your desk as well.
I would say, CSZ (as an intro to math econ) is very much like Wooldrige's Intro econometrics, in a sense that both books teach you the theories AND how to apply the theories in your OWN research. They are both textbooks and research guides.

Finally, I wish the next edition of CSZ could provide some discussions/examples on uncertainty and public econ. But of course, no single volume can cover every corner in the economic theory and econometrics.

An excellent math econ book
I am not currently teaching Math Econ, but when I do again I intend to use this book.One problem with the typical first-year econ grad student is that they have little experience with theorem-proof mathematics; they are more familiar with applied mathematics, meaning that they set about to solve a given problem, than they are with the logical process of proving that problem has a solution.CSZ do a nice job of easing the student into this process, starting with the basics of mathematical logic.And they manage to cover the basics as well as some advanced topics.

My only quibble is that the book gives too little attention to dynamic programming and recursive competitive equilibria.These methods are now a standard part of any macroeconomist's toolkit, but students rarely get a mathematically careful presentation that is also appropriate as a textbook (SLP is more like a reference book, albeit one where the reader must provide their own proofs).CSZ of course cannot do everything in one book, even one that is 670 pages long, but I personally would have liked to see more on these topics.

As a whole, the book fills a clear need in the profession and recommend it to all incoming PhD econ students -- you should read the first couple of chapters before arriving at school in the fall.It will give you a leg up over your classmates (or catch you up) and make the transition to grad school a bit easier.

An impressive collection of tools from Mathematical Analysis applied to different fields of economics
Every undergraduate who wishes to pursue a PhD in economics is told to take a sequence of certain math classes, the hardest of which is usually real analysis. I took a real analysis course based on Rudin's blue book and found it a painful transition from my previous courses. I had to quickly get used to reading and writing proofs. It was unclear if and how these tools can be used in economics. This book is a great solution because it helps the reader to gently transition to writing proofs and is chock-full of applications at every step.

This book has three parts: The first 3 chapters introduce the reader to abstract math and proof writing techniques. The second part, chapters 4-8, teach standard material that is often covered in a 2-semester sequence on real analysis. This includes metric spaces, measure theory and probability, and Lp spaces. This also includes a chapter on convex analysis which is rarely covered in books on real analysis designed for math students. The last 3 chapters cover advanced material which is useful for readers interested in economic and econometric theory.

The thing that I liked most about this book is its impressive collection of applications to economics, here are some:

The first chapter on Logic discusses general equilibrium and proves the first fundamental theorem of welfare economics. In the second chapter on set theory they discuss lattices and apply these tools to introduce Monotone Comparative Statics (MCS) (which was a hot topic in the 90's and hasn't even been introduced into most microeconomics textbooks yet, not even in MasColell). They explain how MCS is a generalization of regular Comparative Statics based on the implicit function theorem, which requires strong assumptions about differentiability. The discussion of real numbers in chapter 3 is very thorough, so an econ student doesn't need to follow every detail but in case he gets curious about some property of the real numbers he can always refer back to it.

In chapter 4 they talk about the finite dimensional vector space of real numbers. This is a more gentle approach than I experienced when I learned analysis, because we jumped straight into general metric spaces. They apply these tools to Linear Dynamical Systems, Markov Chains, and most notably to Dynamic Programming. Chapter 5 covers finite-dimensional convex analysis, which includes all kinds of convex separation theorems and applies these tools to prove the second fundamental theorem of welfare economics. They also cover everything you ever wanted to know about constrained optimization, the implicit function theorem and Kuhn Tucker conditions in horrendous detail.The authors proceed to discuss general metric spaces and include more applications to dynamic programming generalizing many of the topics discussed in previous chapters.

Chapter 7, which is a bit more technical than the previous chapters, discusses measure theory and measure-theoretic probability. This includes applications to all kinds of useful limit theorems and 0-1 laws, and a cool application to quantile estimation on page 405 and state dependent preferences on page 445. Chapter 8 introduces Lp spaces with applications to Statistics and Econometrics including a theoretical discussion of parametric and non-parametric regression. This chapter also includes an application to Artificial Neural Networks.

I haven't spent much time on the final 3 chapters, though I look forward to studying Chapter 11 on expanded spaces (Nonstandard Analysis) whichBerkeley's Robert M. Anderson claims can be very useful in the future. In his manuscript on Nonstandard Analysis, Anderson writes "a very large number of papers could be significantly simplified using nonstandard arguments."

The applications make this the only book of its kind that I have seen. Efe Ok's text on Real Analysis assumes a stronger background than this text, and doesn't include such an eclectic collection of applications. Ok's text is more suitable for someone who wants to work in pure theory.

I would have liked to have seen additional material on general topological spaces covered earlier in the text so for example their discussion of open sets in Euclidean space can be seen as a special type of topological space.

I would strongly recommend this book to anyone who wants to see how mathematical analysis can be applied to economics.

easy to read; good exercise questions
I'm currently a economics graduate student. I was in Max's class when he used the manuscript of this textbook as the course material. This book definitely covers what an economics student will need during the infancy of research. I especially like the questions in the book. They help a lot in understanding. I highly recommend this book to any economics graduate student. ... Read more

Product Description
This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research.After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000. ... Read more

Customer Reviews (11)

No mention of Romer; deficient
No mention of Paul Romer's work on growth, that makes technological change endogenous.His paper came out in 1991 so there's no excuse for it.

Excellent book for economic growth!
Economic Growth, by Sala-i-Martin anb Barro, has already become a classic. I can't think of anything better on the subject. Excellent book and carefully written!

Good price, good shipment
The price was good but the book's cover had loose colour and the corners were bended.

a must read for econ. Ph.D
This is a must read for graduate macro. class and economic growth. The ordinary differential equations discussion at the appendix is concise and intuitive.Derivation of equations is very clearly presented in this book. But you must read the appendix before you read the first chapter. Like how to derive the growth convergence rate in ch.2 and the numerical procedures in the book. This book exhibits a perfect blend of theory, econometric work and even numerical method. Of course, for log linearization, you definitely want to look for elsewhere. The last few chapters are good for choosing dissertation topics.
I tried to read Aghion and Howitt's 1992 seminal paper of endogenous growth, but found it inscrutible. After reading this book, I find it much easier.
The only reason that it does not deserve 5 stars is huge number of typos, especially the numbering of equations. For example, pp.109, the description of fig 2.3 does not match the figure.

Macro Musings
By David Guy Atkin
As somewhat of a social insomniac, I have an exorbitant amount of time laying in bed doddling.While playing games with myself is somewhat amusing, I have found the most amazing solution.THIS BOOK! A stimulating read...perfect for rest, relaxation, and casually flipping thru during spare time...especially, the rigorous development of the dynamics of the Uzawa-Lucas model...the illustrations are captivating and encapsulate all I love about Economics and New Jersey. ... Read more