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"The last 25 years have witnessed an unprecedented increase in competition in both national and world markets. In this competitive environment, managers must make increasingly complex business decisions that will determine whether the firm will prosper or even survive. Today, economic analysis is more important than ever as a tool for decision making. The aims of this textbook are to illustrate the central decision problems managers face and to provide the economic analysis they need to guide these decisions. It was written with the conviction that an effective managerial economics textbook must go beyond the "nuts and bolts" of economic analysis; it should also show how practicing managers use these economic methods. Our experience teaching managerial economics to undergraduates, MBAs, and executives alike shows that a focus on applications is essential"--

Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some principles of Potterian economics are consistent with economists' models. Many others, however, are distorted and contain numerous inaccuracies, which contradict professional economists' views and insights, and contribute to the general public's biases, ignorance, and lack of understanding of economics.

Cover -- Half Title -- Title -- Copyright -- Contents -- List of Figures -- List of Tables -- List of Boxes -- List of Abbreviations -- Preface -- 1 Introduction -- 2 Urban Growth -- 3 The Spatial Structure of Urban Areas -- 4 Housing -- 5 The Location and Globalization of Urban Economic Activity -- 6 Urban Development and Renewal -- 7 Property Development -- 8 Property Investment -- 9 Urban Planning, Land Policy and the Market -- 10 Welfare Economics, the Environment and Urban Congestion -- 11 Conclusions -- Index.

This volume sets forth as simply as possible the theoretical foundations which underlie the practical policies of democratic Socialism. This involves both a repudiation and a refutation of the assumptions of the older classical economists who believed in laissez-faire, and a careful differentiation of the economics of democratic Socialism from the neo-classical doctrines associated with the name of Maynard Keynes.

List of Figures -- List of Tables -- Preface -- Acknowledgements -- Glossary -- What is Economics? -- The Tools of Economic Analysis -- Demand, Supply and Market Price -- The Price Mechanism and Market Failure -- Some Applications of Price Theory -- The Basis of Demand -- The Laws of Returns -- Costs and Revenue -- The Finance of Industry -- Perfect Competition -- Monopoly Price Discrimination -- Imperfect Competition -- Labour Enterprise -- Land and Capital -- The Distribution of Factor Incomes -- National Income and its Measurement -- The Determination of National Income -- National Income Determination: The Four Sector Economy Investment -- Aggregate Demand and Aggregate Supply -- Money and the Creation of Bank Deposits -- The Monetary Sector -- Monetary Control Interest -- Rates Measuring Changes -- in the Value of Money Inflation -- Rational Expectations in Economices -- International Trade -- Free Trade and Protection -- The Balance of Payments -- Exchange Rate -- Systems Europe's Economic Community -- Public Finance and Taxation -- Stabilisation Policy -- Supply-Side Policies in the UK -- Development and the Problems of the Less Developed Countries -- Index.

"Discussing the Spanish Flu, HIV/AIDs, SARS and Ebola against the background of Covid-19, Pandemic Economics demonstrates how scientists consistently warned the world about pandemics, and how, despite this, the possibility of global lockdown caused unprecedented economic policies and ruin. The book prepares for the next pandemic, that unquestionably will arrive, the impact of which is predicted to potentially exceed that of the current Covid-19 wreckage. Highlighting how economic theory can anticipate a pandemic's impact despite the uncertainty and unreliability of traditional statistics, Peter van Bergeijk assesses the lack of preparation by international economic institutions and the ability for humanity to deeply hurt the economy by its response to infectious disease. Chapters offer an overview and critical analysis of global non-pharmaceutical interventions and economic policies in response to the Covid-19 pandemic. Looking forward, the book investigates the economic impact, policy (in)effectiveness and resilience in different social contexts, illustrating a pandemic trilemma of health, freedom and the economy. It suggests how to prepare for the next pandemic at the individual level, in city planning, nationally, internationally and globally, with a focus on analysing the impact of pandemics from a global perspective. Pandemic Economics will be a stimulating read for (health) economics and development studies scholars as it provides a historic overview of the uneven impact of pandemics, with up to date studies of the effect of the Covid-19 pandemic. The forward-looking suggestions for economic policies and preparations for future pandemics will also make this an important read for economic and health policy makers"--

A guide to the literature in econ theory covering the period 1964-1967 is given; it also updates 'Theoretical Economics' by the same author which appeared in this journal in 1964, 354, Mar, 152-164. An attempt is made to provide for the nonspecialist reader some indication of ideas developed in major monographs or in journal articles in major professional publications here & abroad. Topics included are demand theory, the theory of the firm, production theory, conservation analyses, market structures, the special problems of advertising, some unconventional analyses of entrepreneurial motivation, antitrust literature, peak-load pricing with application to public utility enterprises, the newer treatment of uncertainty aspects in decision-making, & the newer insights into the cost of capital of the firm. On the overall macroecon view, the content of recent work on general equilibrium, on the theory of money & the implications for monetary policy, on the structure of interest rates, & the recent approaches to the inflation issue, including the Phillips curve stress on relations of unemployment to wages & prices is conveyed. Extensions in growth theory are also noted. The theory of income distribution is undergoing some transformation & the developing literature & ideas are elaborated. Major theoretical importance can also be attached to a recent series of papers on 'capital reswitching' in which skepticism is cast on the traditional view that lower interest rates lead to the use of more capital per employee. Also of some sociol'al concern are the arguments on induced invention, concerning which it is suggested that improvements in the wage share have as their consequence technological changes which tend to reduce labor inputs. Current directions taken by welfare econ's are also outlined. Modified AA.

The contribution examines concepts and the methodology of Michel Foucault from the standpoint of the French institutionalist approach of economics of convention (in short EC). EC is briefly introduced. Then, it is argued that Foucault should be regarded as an "ally" for EC, because his theory shares main positions with EC, but Foucault also provides concepts and methodological strategies, which could improve EC's capabilities to analyze practices and strategies of convention-based processes as critique, justification and the social construction of qualities and worth. Some representatives of EC have already adopted Foucaultian concepts. Foucault also pioneered the analysis in domains, highly relevant for EC, as in the field of law and neoliberalism, but these works are not well recognized so far. Moreover, Foucault began the study of individual's strategies of self-conduct and self-formation, which EC approached later on as well. The article claims that it is especially Foucault's notions of episteme and power as well as Foucaultian discourse analysis, which offer innovative theoretical and methodological perspectives for EC.

Main Description:Millions of people--nearly 3 percent of the world's population--no longer live in the country where they were born. Every day, migrants enter not only the United States but also developed countries without much of a history of immigration. Some of these nations have switched in a short span of time from being the source of immigrants to being a destination for them. International migration is today a central subject of research in modern labor economics, which seeks to put into perspective and explain this historic demographic transformation. Immigration Economics synthesizes the theories, models, and econometric methods used to identify the causes and consequences of international labor flows. Economist George Borjas lays out with clarity and rigor a full spectrum of topics, including migrant worker selection and assimilation, the impact of immigration on labor markets and worker wages, and the economic benefits and losses that result from immigration. Two important themes emerge: First, immigration has distributional consequences: some people gain, but some people lose. Second, immigrants are rational economic agents who attempt to do the best they can with the resources they have, and the same holds true for native workers of the countries that receive migrants. This straightforward behavioral proposition, Borjas argues, has crucial implications for how economists and policymakers should frame contemporary debates over immigration.

Over the last five years, the field of economics has undergone a reconsideration of its role in society. With the exception of a select few (Rajan, 2005), most economists were blindsided by the housing crash in 2007 and subsequent financial meltdown. This has prompted both a rethinking of econoimc thought on the institutional and legislative curriculum, and the undergraduate economics curriculum, which has been led by Wendy Carlin at University College London and Diane Coyle of Enlightenment Economics. Additionally, students have begun to take important roles in the debate. In April, the student-run Post-Crash Economics Society (PCES) at the University of Manchester published a report titled Economics, Education and Unlearning, which provided a critique of economics education in the UK and at Manchester in particular. However, as the report points out, "the problems ... are certainly not limited to Manchester and are in fact international in scale". While the report has its commendable strides, it falls short on two crucial aspects: the suggestion that economics cannot be a scientific discipline and the driving recommendation of the report for a move towards "pluralism" in the discipline. This essay will focus on these two issues and argue that they are fundamentally misguided.