Microeconomics in Words

NOTE EDITORE

The claims of economists about the successes and failures of markets have enormous influence in public debates, yet the sources of those claims are often unclear. Microeconomics in Words demystifies microeconomic analyses by showing how they depend on simplifying assumptions and ethical judgments that could be made differently. As microeconomics is a model-based discipline, this book addresses what makes outcomes efficient in models of markets, and it questions when market efficiency is desirable. To make the material more accessible and to provide context for the ideas, the book adopts a word-based rather than mathematical approach and uses many examples from literary classics. Starting with the basic model of supply and demand, the book layers on complications of taxes, market failures and their solutions, limitations on correcting them, and transaction costs and institutions. It focuses on both the insights and the limitations of economic analyses - not only what has been formally proven but also what is discussed less formally in seminars and articles. The book then turns to the topics of free trade and controversial markets for cigarettes and transplant organs to show how the tools and concepts that have been developed are used, and not used, in practice.

SOMMARIO

1 - Introduction2 - Accounting for Tastes3 - Mapping Gains from Trade4 - Wrong Prices From Taxes5 - The Visible Footprint6 - The Inferno of Market Failure7 - The Sorrowful Second Best8 - Hampering Threadlike Pressures9 - A Tale of Two Valuations10 - Prohibited Markets11 - Truth and Tariffs12 - Conclusions

AUTORE

Gregory Besharov has taught economics and finance at Duke University, Cornell University, and the University of Oxford.

ALTRE INFORMAZIONI

• Condizione: Nuovo
• ISBN: 9780198894353
• Dimensioni: 240 x 20.0 x 160 mm Ø 614 gr
• Formato: Copertina rigida
• Pagine Arabe: 304