Best of
Economics

1982

Judgment Under Uncertainty: Heuristics and Biases


Daniel Kahneman - 1982
    Individual chapters discuss the representativeness and availability heuristics, problems in judging covariation and control, overconfidence, multistage inference, social perception, medical diagnosis, risk perception, and methods for correcting and improving judgments under uncertainty. About half of the chapters are edited versions of classic articles; the remaining chapters are newly written for this book. Most review multiple studies or entire subareas of research and application rather than describing single experimental studies. This book will be useful to a wide range of students and researchers, as well as to decision makers seeking to gain insight into their judgments and to improve them.

The Limits to Capital


David Harvey - 1982
    The Limits to Capital provides one of the best theoretical guides to the history and geography of capitalist development. In this new edition, Harvey updates his classic text with a substantial discussion of the turmoil in world markets today.In his analyses of ‘fictitious capital’ and ‘uneven geographical development’ Harvey takes the reader step by step through layers of crisis formation, beginning with Marx’s controversial argument concerning the falling rate of profit, moving through crises of credit and finance, and closing with a timely analysis geopolitical and geographical considerations.

The Case for Gold: A Minority Report of the United States Gold Commission


Ron Paul - 1982
    Originally commissioned by the U.S. Gold Commission and subsequently issued as a minority report of the Commission, The Case for Gold was the first official U.S. government investigation into the feasibility of a gold standards in more than 120 years.

Law, Legislation and Liberty: A New Statement of the Liberal Principles of Justice and Political Economy


Friedrich A. Hayek - 1982
    Routledge is an imprint of Taylor & Francis, an informa company.

Marx's Capital: An Illustrated Introduction


David N. Smith - 1982
    Smith and Phil Evans present Karl Marx's Capital as it was meant to be: in graphic novel form.

The Spirit of Democratic Capitalism


Michael Novak - 1982
    -Irving Kristol, The Public Interest

Schaum's Outline of Statistics and Econometrics


Dominick Salvatore - 1982
    More than 40 million students have trusted Schaum's to help them succeed in the classroom and on exams. Schaum's is the key to faster learning and higher grades in every subject. Each Outline presents all the essential course information in an easy-to-follow, topic-by-topic format. You also get hundreds of examples, solved problems, and practice exercises to test your skills.This Schaum's Outline gives youPractice problems with full explanations that reinforce knowledgeCoverage of the most up-to-date developments in your course fieldIn-depth review of practices and applicationsFully compatible with your classroom text, Schaum's highlights all the important facts you need to know. Use Schaum's to shorten your study time-and get your best test scores!Schaum's Outlines-Problem Solved.

Marx, Marginalism and Modern Sociology: From Adam Smith to Max Weber


Simon Clarke - 1982
    The core of the book is an account of Marx's theory of alienated labour as the basis of Marx's work as a whole. The critical implications of this theory are developed through an analysis of the historical development of liberal social theory from political economy to the modern disciplines of economics and sociology.

Productive Christians in an Age of Guilt Manipulators: A Biblical Response to Ronald J. Sider


David H. Chilton - 1982
    

Can "it" Happen Again?: Essays on Instability and Finance


Hyman P. Minsky - 1982
    Routledge is an imprint of Taylor&Francis, an informa company.

The Healthiest City: Milwaukee and the Politics of Health Reform


Judith Walzer Leavitt - 1982
    The Healthiest City shows how a coalition of reform groups brought about community education and municipal action to achieve for Milwaukee the title of “the healthiest city” by the 1930s. This highly praised book reminds us that cutting funds and regulations for preserving public health results in inconvenience, illness, and even death.    “A major work. . . . Leavitt focuses on three illustrative issues—smallpox, garbage, and milk, representing the larger areas of infectious disease, sanitation, and food control.”—Norman Gevitz, Journal of the American Medical Association    “Leavitt’s research provides additional evidence . . . that improvements in sanitation, living conditions, and diet contributed more to the overall decline in mortality rates than advances in medical practice. . . . A solid contribution to the history of urban reform politics and public health.”—Jo Ann Carrigan, Journal of American History

The Financial Planning Workbook: A Family Budgeting Guide


Larry Burkett - 1982
    With simple instructions and extra worksheets so you can go back year after year.

The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities


Mancur Olson - 1982
    Equally clearly, it sprang from the mind of no ordinary economist.”—James Lardner, Washington Post   The years since World War II have seen rapid shifts in the relative positions of different countries and regions. Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from many periods of history and many parts of the world.   “Schumpeter and Keynes would have hailed the insights Olson gives into the sicknesses of the modern mixed economy.”—Paul A. Samuelson, Massachusetts Institute of Technology   “One of the really important books in social science of the past half-century.”—Scott Gordon, Canadian Journal of Economics   “The thesis of this brilliant book is that the longer a society enjoys political stability, the more likely it is to develop powerful special-interest lobbies that in turn make it less efficient economically.”—Charles Peters, Washington Monthly   “Remarkable. The fundamental ideas are simple, yet they provide insight into a wide array of social and historical issues. . . . The Rise and Decline of Nations promises to be a subject of productive interdisciplinary argument for years to come.”—Robert O. Keohane, Journal of Economic Literature   “I urgently recommend it to all economists and to a great many non-economists.”—Gordon Tullock, Public Choice   “Olson’s theory is illuminating and there is no doubt that The Rise and Decline of Nations will exert much influence on ideas and politics for many decades to come.”—Pierre Lemieux, Reason   Co-winner of the 1983 American Political Science Association’s Gladys M. Kammerer Award for the best book on U.S. national policy

Management and Communication in The Office of The Future


Fernando Flores - 1982
    D. in Computer Assisted Environments for Managers and Policy Makers)--University of California, Berkeley, June 1982.

MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975


Chalmers Johnson - 1982
    Although MITI was not the only important agent affecting the economy, nor was the state as a whole always predominant, I do not want to be overly modest about the importance of this subject. The particular speed, form, and consequences of Japanese economic growth are not intelligible without reference to the contributions of MITI. Collaboration between the state and big business has long been acknowledged as the defining characteristic of the Japanese economic system, but for too long the state's role in this collaboration has been either condemned as overweening or dismissed as merely supportive, without anyone's ever analyzing the matter.The history of MITI is central to the economic and political history of modern Japan. Equally important, however, the methods and achievements of the Japanese economic bureaucracy are central to the continuing debate between advocates of the communist-type command economies and advocates of the Western-type mixed market economies. The fully bureaucratized command economies misallocate resources and stifle initiative; in order to function at all, they must lock up their populations behind iron curtains or other more or less impermeable barriers. The mixed market economies struggle to find ways to intrude politically determined priorities into their market systems without catching a bad case of the "English disease" or being frustrated by the American-type legal sprawl. The Japanese, of course, do not have all the answers. But given the fact that virtually all solutions to any of the critical problems of the late twentieth century—energy supply, environmental protection, technological innovation, and so forth—involve an expansion of official bureaucracy, the particular Japanese priorities and procedures are instructive. At the very least they should forewarn a foreign observer that the Japanese achievements were not won without a price being paid.

Capital Investment Financial Decisions


Sarnat Levy - 1982
    Offering a blend of theory and practice, this book describes the practical application of the modern theory of finance to realistic corporate decisions, made in uncertain environments, with particular reference to the allocation of the firm's long term capital resources.

The Dominion Covenant


Gary North - 1982
    --

Antitrust and Monopoly: Anatomy of a Policy Failure


Dominick T. Armentano - 1982
    An indictment of antitrust policy, illustrating that the laws have not been employed against monopolies, but have been used to restrain and restrict the competitive process.

The Tools & Techniques of Estate Planning


Stephan R. Leimberg - 1982
    From start to finish, Tools & Techniques of Estate Planning guides you through the entire estate planning process with in-depth explanations, point-by-point comparisons, and income tax implications. One of the most popular offerings in the Tools & Techniques Series, this title provides comprehensive coverage of over 40 estate planning tools and techniques including supporting overviews of taxes affecting trusts and estate, as well as numerous estate planning aids.

The State Against Blacks


Walter E. Williams - 1982
    

From the Outside Looking In: Experiences in Barefoot Economics


Manfred Max-Neef - 1982
    Translated into five languages, it has had an extraordinary influence on grassroots development projects.The author relates two of his own experiences in 'barefoot economics', interspersing these moving and insightful accounts with reflections on development projects and experts, pioneering criticism of of orthodox development economics, and a new vision of development in which the poor must learn to circumvent the national economic system.

Roots of Inflation


Rousas John Rushdoony - 1982
    

World Military and Social Expenditures 1982


Ruth Leger Sivard - 1982
    When we look more closely we find that life & intelligence have arisen & evolved on this world, & have filled it with a profusion of beauty. The most advanced species has in only afew centuries worked technological wonders, & is entirely able to provide for each of its 4.4 billion members. But when we look more closely still, we find that the vast majority of the individuals of the species lead lives of misery & despair, never tasting the intellectual, bodily & spiritual fulfillment of which they are capable. Soon they will be sending a trillion dollars a year on past, present & future military activities. They have stockpiled an arsenal of over 17,000 targeted strategic weapons that can destroy their global technology & perhaps their species. They exhibit extreme devotion to various national, ethnic, religious & economic doctines, but hardly ever wonder about the well-being of their planet. What would an extraterrestrial observer, with no emotional stake in the outcome of terrestrial events, make of this? In provincial isolation, we see only small pieces of the picture. But if we step back, if we embrace a planetary perspective, the picture that emerges is so clear, its implications so dangerous, that any thoughtful person must be moved to action. The annual surveys of World Military & Social Expenditures, written by Ruth Leger Sivard, are an indispensible introduction to that planetary perspective.--Carl Sagan. 1978 Pulitzer Prize winner

Law, Property Rights, and Air Pollution


Murray N. Rothbard - 1982
    In short, certain actions are considered wrong to such a degree that it is considered appropriate to use the sanctions of violence (since law is the social embodiment of violence) to combat, defend against, and punish the transgressors.There are many actions against which it is not considered appropriate to use violence, individual or organized. Mere lying (that is, where contracts to transfer property titles are not broken), treachery, base ingratitude, being nasty to one’s friends or associates, or not showing up for appointments, are generally considered wrong, but few think of using violence to enjoin or combat them. Other sanctions, such as refusing to see the person or have dealings with him, putting him in Coventry, and so on, may be used by individuals or groups, but using the violence of the law to prohibit such actions is considered excessive and inappropriate.If ethics is a normative discipline that identifies and classifies certain sets of actions as good or evil, right or wrong, then tort or criminal law is a subset of ethics identifying certain actions as appropriate for using violence against them. The law says that action X should be illegal, and therefore should be combated by the violence of the law. The law is a set of “ought” or normative propositions.

Models Of Bounded Rationality


Herbert A. Simon - 1982
    At Carnegie-Mellon University he holds the title of Professor of Computer Science and Psychology. These two facts together delineate the range and uniqueness of his contributions in creating meaningful interactions among fields that developed in isolation but that are all concerned with human decision-making and problem-solving processes.In particular, Simon has brought the insights of decision theory, organization theory (especially as it applies to the business firm), behavior modeling, cognitive psychology, and the study of artificial intelligence to bear on economic questions. This has led not only to new conceptual dimensions for theoretical constructions, but also to a new humanizing realism in economics, a way of taking into account and dealing with human behavior and interactions that lie at the root of all economic activity.The sixty papers and essays contained in these two volumes are grouped under eight sections, each with a brief introductory essay. These are: "Some Questions of Public Policy, Dynamic Programming Under Uncertainty; Technological Change; The Structure of Economic Systems; The Business Firm as an Organization; The Economics of Information Processing; Economics and Psychology;" and "Substantive and Procedural Reality."Most of Simon's papers on classical and neoclassical economic theory are contained in volume one. The second volume collects his papers on behavioral theory, with some overlap between the two volumes.

Political Philosophy: A History of the Search for Order


James Wiser - 1982
    The text has a thematic unity, which is provided by an analysis of modernity's emergence from the classical and Christian traditions.

Introduction to the Theory and Practice of Econometrics


George G. Judge - 1982
    New to this edition are a complete treatment of Bayesian inference, sampling theory, an appendix on linear algebra and a computer handbook.

The Economy in Mind


Warren T. Brookes - 1982
    

Public Duties in Islam: The Institution of the Hisba (Islamic Economics Series)


ابن تيمية - 1982
    This translation of Al-Hisba fi al-Islam is an exposition if the theory of Hisba in the wider context of a just society and an efficient market economy."

Beyond Positivism: Economic Methodology In The Twentieth Century


Bruce Caldwell - 1982
    Routledge is an imprint of Taylor & Francis, an informa company.

The Angry West: A Vulnerable Land and Its Future


Richard D. Lamm - 1982
    

The People of England: A Short Social and Economic History


Maurice Percy Ashley - 1982
    

Selfishness, Altruism, and Rationality: A Theory of Social Choice


Howard Margolis - 1982
    He suggests that within each person there are two selves, one selfish and the other group-oriented, and that the individual follows a Darwinian rule for allocating resources between those two selves."Howard Margolis's intriguing ideas . . . provide an alternative to the crude models of rational choice that have dominated economics and political science for too long."—Times Literary Supplement

The Power of Money Dynamics


Venita Vancaspel - 1982
    

The Rational Expectations Revolution In Macroeconomics: Theories And Evidence


David K.H. Begg - 1982
    

Mathematics for Innumerate Economists


Gavin Kennedy - 1982
    

Marx And The Division Of Labour


Ali Rattansi - 1982
    

Inequality in New Guinea Highlands Societies


Andrew J. Strathern - 1982
    The Highlands societies of Papua New Guinea, which have been studied intensively by numerous anthropologists since the 1950s, have been widely described as egalitarian and as characterised by achieved leadership. The Melanesian 'big-man' system, in which men achieve social status largely by their manipulation of wealth in elaborate structures of ceremonial exchange, has become an established anthropological model. However research has suggested that this interpretation has underestimated the elements of structured inequality within these societies, and that the classic picture should be modified and supplemented. The five papers in this volume seek to illuminate patterns of inequality in Highlands societies, which revolve around the categories of elders/juniors, big-men/workers and men/women. In setting these into a context of long-term and recent social changes, they also aim to develop schemes of analysis which will permit discussion of the societies over extended periods of time.