An Economic Theorist's Book of Tales: Essays That Entertain the Consequences of

Description: An Economic Theorist's Book of Tales by George A. Akerlof Economic theory has traditionally relied upon a tacit and classical set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. These essays explore what happens when a skilful economist makes unconventional assumptions. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and classical set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. In consequence, consideration of alternative assumptions has become taboo. These essays are substantively and stylistically novel because they break these taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues - from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Some of the essays derive the implications for economic markets of costly asymmetric information. Others explore the findings of other social sciences such as anthropology, psychology, and sociology. Back Cover "Rebecca E. Karl has written a lively, readable account of Maos life and thought, showing how they fit into and affected the twentieth-century world."-Delia Davin, author ofMao Zedong Author Biography George A. Akerlof is Koshland Professor of Economics at the University of California, Berkeley, and the 2001 Nobel Laureate in Economics. Table of Contents Acknowledgments; 1. Introduction; 2. The market for lemons: quality uncertainty and the market mechanism; 3. The economics of caste and of the rat race and other woeful tales; 4. The economics of tagging as applied to the optimal income tax, welfare programs, and manpower planning; 5. A theory of social custom, of which unemployment may be one consequence; 6. Jobs as dam sites; 7. The economic consequences of cognitive dissonance with William T. Dickens; 8. Labor contracts as partial gift exchange; 9. Loyalty filters; Index. Review These essays show how much good can come from combining skillful economic analysis with a willingness to take seriously the elementary facts of social life. Many of us pay lip service to that ideal; George Akerlof is one of the few who actually live up to it, with fascinating results. Robert M. Solow, Massachusetts Institute of Technology Promotional These essays explore what happens when a skilful economist makes unconventional assumptions. Review Quote These essays show how much good can come from combining skillful economic analysis with a willingness to take seriously the elementary facts of social life. Many of us pay lip service to that ideal; George Akerlof is one of the few who actually live up to it, with fascinating results.Robert M. Solow, Massachusetts Institute of Technology Promotional "Headline" These essays explore what happens when a skilful economist makes unconventional assumptions. Description for Bookstore Economic theory has traditionally relied upon a tacit and classical set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. These essays explore what happens when a skilful economist makes unconventional assumptions. Description for Library Economic theory has traditionally relied upon a tacit and classical set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. These essays explore what happens when a skilful economist makes unconventional assumptions. Details ISBN0521269334 Author George A. Akerlof Pages 208 Publisher Cambridge University Press Language English ISBN-10 0521269334 ISBN-13 9780521269339 Media Book Format Paperback DEWEY 330.1 Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom Short Title ECONOMIC THEORISTS BK OF TALES Residence CA, US Birth 1940 Subtitle Essays That Entertain the Consequences of New Assumptions in Economic Theory DOI 10.1604/9780521269339 UK Release Date 1984-10-26 AU Release Date 1984-10-26 NZ Release Date 1984-10-26 Illustrations Worked examples or Exercises Year 1984 Publication Date 1984-10-26 Alternative 9780511609381 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:91387431;

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