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In economics, intertemporal choice is the study of the relative value people assign to two or more payoffs at different points in time. This relationship is usually simplified to today and some future date. Intertemporal choice was introduced by Canadian economist John Rae in 1834 in the "Sociological Theory of Capital".
Alex Bernhardt, Principal, US Responsible Investment Leader, Mercer, said "It contains an excoriating critique of neoclassical economic theory and proposes a compelling and elegant alternative to the growth-at-any-costs mentality pervading political-economic thinking and practice today. There is much to be said for the practicality of this ...
Time on the Cross: The Economics of American Negro Slavery (1974) is a book by the economists Robert Fogel and Stanley L. Engerman.Fogel and Engerman argued that slavery was an economically rational institution and that the economic exploitation of slaves was not as catastrophic as presumed, because there were financial incentives for slaveholders to maintain a basic level of material support ...
CORE Econ's authors claim that popular textbooks such as Principles of Economics by Greg Mankiw are little different in content to the first modern text book, Economics by Paul Samuelson, which was published in 1948, [20] meaning that these textbooks have ignored many of the innovations in economics since then:
The mainstream economic models of the 20th century, defined here as those taught the most in Economics introductory courses around the world, are neoclassical. The Circular Flow published by Paul Samuelson in 1944 and the supply and demand curves published by William S. Jevons in 1862 are canonical examples of neoclassical economic models ...
Good Economics for Hard Times: Better Answers to Our Biggest Problems is a 2019 nonfiction book by Abhijit V. Banerjee and Esther Duflo, both professors of economics at MIT. It was published on November 12, 2019 by PublicAffairs (US), Juggernaut Books (India), and Allen Lane (UK).
Landsburg received a Master of Arts degree from the University of Rochester in 1974, along with a Doctor of Philosophy degree from the University of Chicago. [2] The now Rochester Professor of Economics released his first book, Price Theory and Applications in 1989 and followed it up in 1993 with the first edition of The Armchair Economist. [3]
The book is organized in four parts: [1] Introduction; The Methodology of Positive Economics. Price Theory; The Marshallian Demand Curve The ‘Welfare’ Effects of an Income Tax and an Excise Tax