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| mankiw 2015: Principles of Economics N. Gregory Mankiw, 2007 |
| mankiw 2015: What Does the Minimum Wage Do? Dale Belman, Paul J. Wolfson, 2014-07-07 Belman and Wolfson perform a meta-analysis on scores of published studies on the effects of the minimum wage to determine its impacts on employment, wages, poverty, and more. |
| mankiw 2015: Combating Inequality Olivier Blanchard, Dani Rodrik, 2023-08-15 Leading economists and policymakers consider what economic tools are most effective in reversing the rise in inequality. Economic inequality is the defining issue of our time. In the United States, the wealth share of the top 1% has risen from 25% in the late 1970s to around 40% today. The percentage of children earning more than their parents has fallen from 90% in the 1940s to around 50% today. In Combating Inequality, leading economists, many of them current or former policymakers, bring good news: we have the tools to reverse the rise in inequality. In their discussions, they consider which of these tools are the most effective at doing so. The contributors express widespread agreement that we need to aim policies at economic inequality itself; deregulation and economic stimulus will not do the job. No longer does anyone ask, in relation to expanded social programs, “Can we pay for it?” And most believe that US taxes will have to rise—although they debate whether the progressivity should focus on the revenue side or the expenditure side, through broad-based taxes like the VAT or through a wealth tax aimed at the very top of the income scale. They also consider the philosophical aspects of inequality—whether it is bad in itself or because of its consequences; the risks and benefits of more radical interventions to change the nature of production and trade; and future policy directions. Contributors Daron Acemoglu, Philippe Aghion, Danielle Allen, Ben Ansell, David Autor, Sheri Berman, Marianne Bertrand, Olivier Blanchard, Lucas Chancel, William Darity Jr., Peter Diamond, Christian Dustmann, David T. Ellwood, Richard Freeman, Caroline Freund, Jason Furman, Hilary Hoynes, Lawrence F. Katz, Wojciech Kopczuk, N. Gregory Mankiw, Nolan McCarty, Dani Rodrik, Jesse Rothstein, Emmanuel Saez, T. M. Scanlon, Heidi Shierholz, Tharman Shanmugaratnam, Stefanie Stantcheva, Michael Stynes, Laura D'Andrea Tyson, Philippe Van Parijs, Gabriel Zucman |
| mankiw 2015: Macroeconomics: Canadian Edition N. Gregory Mankiw, William M. Scarth, 2019-09-18 This special edition of Greg Mankiw’s intermediate macroeconomics text takes the same approach that made the parent text a bestseller, with coverage shaped to address fiscal policy, monetary and exchange-rate policy, deficit reduction, and other critical economic issues from the uniquely Canadian perspective. Like Mankiw’s Macroeconomics, the Canadian edition teaches fundamentals with exceptional clarity by relating theoretical concepts to vital issues and policy debates, while illustrating those ideas with examples, cases, and research from Canada and Canadian researches. The new edition is significantly updated, with a streamlined version of Greg’s hallmark approach and powerful new digital learning options. |
| mankiw 2015: The Low Interest Rate Policy of the European Central Bank. Are European Savers being expropriated? Heiko Schmolke, 2017-03-16 Central banks around the world have lowered their key interest rates to historical lows and implemented large asset purchase programs in the past few years. Within the scientific and, most recently, also increasingly in the political debate, the nominal interest rate is mainly the subject of discussion. The question is often raised whether saving and retirement provision are still worthwhile for private households, especially in Germany. In this context it is often ignored or not considered that the purchasing power of the nominal interest rates fluctuates considerably with the inflation rate. Inflation-adjusted real interest rates are therefore decisive for the actual income from financial assets and crucial for the savings and investment behavior. This study, therefore, shall play ist part to investigate scientifically the influence and correlation of low and negative key interest rates on yield levels of selected asset classes within the sphere of influence of the European Central Bank. In this context, the mainly populist question is also answered whether savers are expropriated slowly. |
| mankiw 2015: The Property Species Bart J. Wilson, 2020 What is property, and why does our species have it? In The Property Species, Bart J. Wilson explores how humans acquire, perceive, and know the custom of property, and why this might be relevant to understanding how property works in the twenty-first century. Arguing that neither the sciences nor the humanities synthesizes a full account of property, the book offers a cross-disciplinary compromise that is sure to be controversial: Property is a universal and uniquely human custom. Integrating cognitive linguistics with philosophy of property and a fresh look at property disputes in the common law, the book makes the case that symbolic-thinking humans locate the meaning of property within a thing. That is, all human beings and only human beings have property in things, and at its core, property rests on custom, not rights. Such an alternative to conventional thinking contends that the origins of property lie not in food, mates, territory, or land, but in the very human act of creating, with symbolic thought, something new that did not previously exist. Written by an economist who marvels at the natural history of humankind, the book is essential reading for experts and any reader who has wondered why people claim things as Mine!, and what that means for our humanity. |
| mankiw 2015: Power and Influence of Economists Jens Maesse, Stephan Pühringer, Thierry Rossier, Pierre Benz, 2021-05-23 Economists occupy leading positions in many different sectors including central and private banks, multinational corporations, the state and the media, as well as serving as policy consultants on everything from health to the environment and security. Power and Influence of Economists explores the interconnected relationship between power, knowledge and influence which has led economics to be both a source and beneficiary of widespread power and influence. The contributors to this book explore the complex and diverse methods and channels that economists have used to exert and expand their influence from different disciplinary and national perspectives. Four different analytical views on the role of power and economics are taken: first, the role of economic expert discourses as power devices for the formation of influential expertise; second, the logics and modalities of governmentality that produce power/knowledge apparatuses between science and society; third, economists as involved in networks between academia, politics and the media; and forth, economics considered as a social field, including questions of legitimacy and unequal relations between economists based on the detention of various capitals. The volume includes case studies on a variety of national configurations of economics, such as the US, Germany, Italy, Switzerland, Greece, Mexico and Brazil, as well as international spaces and organisations such as the IMF. This book provides innovative research perspectives for students and scholars of heterodox economics, cultural political economy, sociology of professions, network studies, and the social studies of power, discourse and knowledge. “The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9780367817084, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.” |
| mankiw 2015: Monetary Policy, Inflation, and the Business Cycle Jordi Galí, 2015-06-09 The classic introduction to the New Keynesian economic model This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, the framework provides the theoretical underpinnings for the price stability–oriented strategies adopted by most central banks in the industrialized world. Using a canonical version of the New Keynesian model as a reference, Jordi Galí explores various issues pertaining to monetary policy's design, including optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. In each case, the effects on monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes the zero lower bound on nominal interest rates and an analysis of unemployment’s significance for monetary policy. The most up-to-date introduction to the New Keynesian framework available A single benchmark model used throughout New materials and exercises included An ideal resource for graduate students, researchers, and market analysts |
| mankiw 2015: The Conservative Heart Arthur C. Brooks, 2017-06-06 New York Times–Bestseller: “A thinking person’s primer for a conservative politics of human flourishing.” —George F. Will, Pulitzer Prize-winning author of The Conservative Sensibility Arthur C. Brooks, one of the country’s leading policy experts and a former president of the American Enterprise Institute, offers a bold new vision for conservatism as a movement for happiness, unity, and social justice—a movement of the head and heart that boldly challenges the liberal monopoly on fairness and compassion. Drawing on years of research, Brooks presents a social justice agenda for a New Right—an inclusive, optimistic movement with a positive agenda to fight poverty, promote equal opportunity, extol spiritual enlightenment, and help everyone lead happier and more fulfilling lives. Firmly grounded in the four “institutions of meaning”—family, faith, community, and meaningful work—it is a call for a government safety net that actually lifts people up and offers a vision of true hope through earned success. Clear, well-reasoned, accessible, and free of vituperative politics, The Conservative Heart is a welcome strategy for conservatives looking for fresh, actionable ideas—and for politically independent citizens who believe that neither side is adequately addressing their needs or concerns. “Brooks calls attention to an image problem facing today's conservatives and offers his solution . . . highly readable.” —The New York Times Book Review |
| mankiw 2015: Two Lucky People Milton Friedman, Rose D. Friedman, 1999-06 This rich autobiographical and historical panorama (Wall Street Journal) provides a memorable and lively account of the lives of the Friedmans: their involvement with world leaders and many of this century's most important public policy issues. 26 photos. |
| mankiw 2015: Complexity Economics Olivér Kovács, 2022-07-15 Our socio–economic innovation ecosystem is riddled with ever-increasing complexity, as we are faced with more frequent and intense shocks, such as COVID-19. Unfortunately, addressing complexity requires a different kind of economic governance. There is increasing pressure on economics to not only going beyond its traditional mainstream boundaries but also to tackle real-world problems, such as fostering structural change, enhancing sustained growth, promoting inclusive development in the era of the digital economy, and boosting green growth, while addressing the divide between the financial sector and the real economy. This book demonstrates how to apply complexity science to economics in an effective and instructive way, in the interest of life-enhancing policies. The book revolves around the non-negligible problem of why economics, to date, seems to be inadequate in guiding economic governance to navigate through real and ever-intensifying complex socio–economic and environmental challenges. With its interdisciplinary approach, the book scans the nuanced nexus between complexity and economics by incorporating, as well as transcending, the state-of-the-art literature. It identifies ways to trigger opportunities for behavioural change in the economic profession with respect to how and what to teach, introducing and developing further complexity economics taking into account the configuration of its main principles and outlining the silhouette of next-generation economic governance. The book deciphers recommendations for economic theory, practice, education and economic governance. It will be of interest to students, scholars, academics, think-tank researchers and economic policy practitioners at the national and/or supranational levels. |
| mankiw 2015: The (Pre-)dawning Of Functional Specialization In Physics Terrance J Quinn, 2017-03-14 In modern physics, various fundamental problems have become topics of ongoing debate. There was the 20th century climb to a Standard Model, still accurate at the highest energy levels obtainable so far. But, since the 1970's, a different approach to physics advocates for theories such as string theory, known for their mathematical elegance, even though they either cannot be verified in data or contradict presently known experimental results. In philosophy of physics, there is a gradually emerging consensus that philosophy of physics and physics somehow contribute to a common enterprise. But, there is little sign of progress toward consensus about the nature of that unity. All the while, it is generally recognized that physics is interdisciplinary. There are, of course, differences in focus. But, implicitly at least, there are no 'sharp dividing lines' between physics and philosophy of physics; pure and applied physics; physical chemistry; biophysics; medical physics; history and philosophy of physics; physics and society; physics education; and so on. What, then, is progress in physics? The question here is not about ideal structures, but asks about what is going on in physics. Beginnings in discerning the presence of eight main tasks help reveal the (pre-) emergence of a normative omni-disciplinary basis for collaboration that, once adverted to, promises to be constitutive of a new and increasingly effective control of meaning. Originally discovered by Bernard Lonergan in 1965, progress in the new collaboration will not seek to eliminate specialized expertise. It will, though, divide tasks within an eightfold functional division of labor. This book invites attention to data for each of the eight main tasks evident and self-evident in existing scholarship in the community. The book also makes preliminary efforts toward envisioning something of what functional collaboration will look like — in physics, the Academy and Society. |
| mankiw 2015: Testing Piketty’s Hypothesis on the Drivers of Income Inequality Carlos Góes, 2016-08-19 Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However, while rich in data, the book provides no formal empirical testing for its theoretical causal chain. In this paper, I build a set of Panel SVAR models to check if inequality and capital share in the national income move up as the r-g gap grows. Using a sample of 19 advanced economies spanning over 30 years, I find no empirical evidence that dynamics move in the way Piketty suggests. Results are robust to several alternative estimates of r-g. |
| mankiw 2015: Place-Based Social Studies Education Annie McMahon Whitlock, 2024 Whitlock scrutinizes the Flint water crisis to drive critical inquiry in the classroom, and to show how the curriculum can propel social change. It offers key takeaways to help educators apply place-based education in Pre-K-16 classrooms-- |
| mankiw 2015: Do Markets Corrupt Our Morals? Virgil Henry Storr, Ginny Seung Choi, 2019-08-21 The most damning criticism of markets is that they are morally corrupting. As we increasingly engage in market activity, the more likely we are to become selfish, corrupt, rapacious and debased. Even Adam Smith, who famously celebrated markets, believed that there were moral costs associated with life in market societies. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, happier and better connected than those in societies where markets are more restricted. More provocatively, they explain that successful markets require and produce virtuous participants. Markets serve as moral spaces that both rely on and reward their participants for being virtuous. Rather than harming individuals morally, the market is an arena where individuals are encouraged to be their best moral selves. Do Markets Corrupt Our Morals? invites us to reassess the claim that markets corrupt our morals. |
| mankiw 2015: Macroeconomics without the Errors of Keynes James C. W. Ahiakpor, 2019-06-04 Modern macroeconomics is in a stalemate, with seven schools of thought attempting to explain the workings of a monetary economy and to derive policies that promote economic growth with price-level stability. This book pinpoints as the source of this confusion errors made by Keynes in his reading of classical macroeconomics, in particular the classical Quantity Theory and the meaning of saving. It argues that if these misunderstandings are resolved, it will lead to economic policies consistent with promoting the employment and economic growth that Keynes was seeking. The book will be crucial reading for all scholars with an interest in the foundations of Keynes’s theories, and anyone seeking to understand current debates regarding macroeconomic policy-making. |
| mankiw 2015: Aggregate Demand and Supply B. Bhaskara Rao, 2016-07-27 'I wish Professor Rao and his collaborators every success in ensuring that future generations of students do not have to put up with logically incoherent foundations to their understanding of modern economic systems' - G.C. Harcourt, Jesus College, Cambridge There is now an increasing realisation that the popular textbook macroeconomic model of aggregate demand and supply is logically incorrect. While there is a broad agreement among the critiques on these logical flaws there has been no such agreement on how the basic textbook macromodel should be modified. The essays in this volume contain very promising alternative models which will significantly influence the way macroeconomics will be taught in the future. |
| mankiw 2015: Maritime Strategy and Global Order Daniel Moran, James Avery Russell, 2016-05-15 An international roster of top scholars explores the role of naval power and maritime trade in creating the modern international system. This book is both a history of maritime strategy, sea power, and seaborne commerce from the nineteenth century to the present day and an examination of current strategic issues. |
| mankiw 2015: Business and Government Relations in Africa Robert A. Dibie, 2017-07-06 This book endeavors to take the conceptualization of the relationship between business, government and development in African countries to a new level. In the twenty-first century, the interests and operations of government and business inevitably intersect all over the African continent. No government, federal or state, can afford to ignore the needs of business. But what are these needs, how does business express its needs to government and what institutions organize government-business relations in African countries? How should government regulate business, or should it choose to let the markets rule? Government and Business Relations in Africa brings together many of sub-Saharan African leading scholars to address these critical questions. Business and Government Relations in Africa examines the key players in the game—federal and state governments and business groups—and the processes that govern the relationships between them. It looks at the regulatory regimes that have an impact on business and provides a number of case studies of the relationships between government and economic development around the African continent, highlighting different processes and practices. It shows the latest state of knowledge on the topic and will be of interest both to students at an advanced level, academics and reflective practitioners. It addresses the topics with regard to business-government relations and will be of interest to researchers, academics, policymakers, and students in the fields of African politics, comparative politics, public policy, business and politics, sustainable development and sustainability, economic development, and managerial economics. |
| mankiw 2015: A Global Perspective on the European Economic Crisis Bruno Dallago, Gert Guri, John McGowan, 2018-10-24 The financial and economic crisis in Europe is not over, and the radically opposing strategies on how to proceed has only increased the complexity of problems in the region, revealing the shortcomings of the EU’s architecture. The European Union, perhaps for the first time in its history of more than seventy years, is being perceived as a threat to the financial and monetary stability of the world. A Global Perspective on the European Economic Crisis explores the connection between internal EU actions and institutions and the external factors that influence the ongoing response to the European crisis. With a unique collection of international and interdisciplinary essays, this book considers the complex macroeconomic and challenging political landscape of Europe, looking at how and why the European Union is untenable in its current state. The chapters outline what should be done to make the common currency area more resilient, and explain why external events are particularly problematic for the EU, ultimately offering suggestions for what Europeans should do in order to avoid harmful internal consequences. This volume confronts the causes of the crisis’ persistence, its economic and political consequences, and the impact of more recent events and policy decisions. It will be of interest to researchers and policy-makers keen to understand the EU relations and the influence of international organizations in the European economic crisis. |
| mankiw 2015: Design for Education Ana Rute Costa, Rachel Cooper, 2024-07-31 This book charts the impact of design on education, specifically focusing on how design can shape the spaces and tools for learning. This edited collection brings together the work of designers, architects, engineers, professionals, educators, and researchers, and presents a series of case studies and research developed from across Europe, North America, South America, Africa, Australia, and Asia. The book provides the tools to develop innovative approaches to design for education, and illustrates the conversation and action required to foster socially responsible design for education. As the contributions show, we must look at education as an input and output of a complex system, and we need to adopt an interdisciplinary multiple stakeholder approach, bringing together experts from a range of different fields and backgrounds as a cohesive strategy to improve future learning and teaching environments. Providing guidance and a theoretical framework for designing spaces and tools for learning, this book will be a useful resource for design and architecture students, as well as practitioners, educational researchers, educational practitioners, policymakers, and behaviour and built environment researchers. |
| mankiw 2015: An Econometric Model of the US Economy John J. Heim, 2017-12-06 This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to construct a comprehensive model of the real US economy that Heim then tests across four different time periods to ensure that results are consistent. This comprehensive demonstration of the value of a long-ignored model provides overwhelming evidence that the more Keynesian (Cowles) structural models outperform VAR and DSGE, and therefore should be the models of choice in future macroeconomic studies. |
| mankiw 2015: The Wiley Handbook of Early Childhood Care and Education Christopher P. Brown, Mary Benson McMullen, Nancy File, 2019-04-23 The essential resource to the issues surrounding childhood care and education with contributions from noted experts The Wiley Handbook of Early Childhood Care and Education is a comprehensive resource that offers a review of the historical aspects, best practices, and the future directions of the field. With contributions from noted experts in the field, the book contains 30 interdisciplinary essays that explore in-depth the central issues of early childhood care and education. The handbook presents a benchmark reference to the basic knowledge, effective approaches to use with young children, curriculum design, professional development, current policies, and other critical information. The expert contributors address the myriad complex policy and practice issues that are most relevant today. The essays provide insight into topics such as child development and diversity, the sociocultural process of child development, the importance of the home environment in the lives of young children, early childhood special education, teaching and learning literacy, and much more. This important resource: Presents a comprehensive synopsis of the major components of the field of early childhood care and education Contains contributions from leading scholars, researchers, and experts in the field Offers the foundational knowledge and practices for working with young children Puts the focus on how early childhood works and presents an understanding of culture as a foundational component of both child development and early childhood education Written for academic scholars, researchers, advocates, policymakers, and students of early childhood care and education, The Wiley Handbook of Early Childhood Care and Education is a comprehensive resource to the major issues for dealing with childhood care and education with contributions from noted scholars in the field. |
| mankiw 2015: A Macroeconomic Analysis of Profit Andrea Carrera, 2019-04-09 Based on the observation of economic reality, this book provides for the foundations of a new structure of national payment systems. Specifically, to this end, a rigorous accounting for money transactions, savings, and invested profit is suggested, with a major aim to settle sustainable lending levels. Profit lies at the heart of economic activities. Indeed, companies, from small to large, seek net gains to remunerate shareholders and to increase their assets. Yet, economists are far from sharing a common theory of profit. Using mathematical tools and a discursive approach, this book contributes to the debates in such regard, in the attempt to provide new answers to old economic issues. What is macroeconomic profit? Is there any relationship between wages, lending, and profit? This book is an accesible resource for economists and financial experts as well as global economics students, researchers, academics and historians alike. It will challenge policy-makers and professionals and lead them on a thought-provoking journey through the realm of macroeconomics. |
| mankiw 2015: Too-Big-to-Fail in Banking Tom Filip Lesche, 2021-06-28 This book provides a comprehensive summary of the latest academic research on the important topic of too-big-to-fail (TBTF) in banking. It explains TBTF from various perspectives including the range of regulatory measures proposed to counter TBTF, most notably the globally accepted regulation of global-systemically important banks (G-SIBs) and its main tool of capital surcharges. The empirical analysis quantifies the shareholder value of the G-SIB attribution by using quarterly observations from more than 750 global banks between Q2 2008 and Q3 2015. The main finding is that G-SIBs are confronted with a substantial relative valuation discount compared to non-G-SIBs. From the end of 2011 until the end of 2015, a stable discount of 0.6x–0.8x price-to-tangible common equity (P/TCE) is statistically highly significant. The results suggest that the G-SIB designation effect, which positively impacts G-SIBs’ share prices because of funding benefits from IGGs, is dominated by the regulatory G-SIB burden effect, which negatively impacts G-SIBs’ share prices because of lower profitability due to capital surcharges and other regulatory requirements placed on G-SIBs. The findings re-open the debate about whether breaking up G-SIBs would unlock shareholder value and whether G-SIBs are regulated efficiently. |
| mankiw 2015: A Very Short, Fairly Interesting and Reasonably Cheap Book About Employment Relations Tony Dundon, Niall Cullinane, Adrian Wilkinson, 2017-03-20 In Employment Relations the authors translate years of experience, with the help of interesting vignettes, real life examples and connections with popular culture, into a critical understanding of the topic that brings the field to life. Conceived by Chris Grey as an antidote to conventional textbooks, each book in the ‘Very Short, Fairly Interesting and Reasonably Cheap’ series takes a core area of the curriculum and turns it on its head by providing a critical and sophisticated overview of the key issues and debates in an informal, conversational and often humorous way. An excellent supplementary text for Employment Relations and HRM students or anyone interested in a short, succinct book on the subject of Employment Relations. |
| mankiw 2015: Tax Politics and Policy Michael Thom, 2017-02-03 Taxes are an inescapable part of life. They are perhaps the most economically consequential aspect of the relationship between individuals and their government. Understanding tax development and implementation, not to mention the political forces involved, is critical to fully appreciating and critiquing that relationship. Tax Politics and Policy offers a comprehensive survey of taxation in the United States. It explores competing theories of taxation’s role in civil society; investigates the evolution and impact of taxes on income, consumption, and assets; and highlights the role of interest groups in tax policy. This is the first book to include a separate look at sin taxes on tobacco, alcohol, marijuana, and sugar. The book concludes with a look at tax reform ideas, both old and new. This book is written for a broad audience—from upper-level undergraduates to graduate students in public policy, public administration, political science, economics, and related fields—and anyone else that has ever paid taxes. |
| mankiw 2015: Program Evaluation and Performance Measurement James C. McDavid, Irene Huse, Laura R. L. Hawthorn, 2018-10-16 Program Evaluation and Performance Measurement offers a conceptual and practical introduction to program evaluation and performance measurement for public and non-profit organizations. James C. McDavid, Irene Huse, and Laura R.L. Hawthorn discuss topics in a detailed fashion, making it a useful guide for practitioners who are constructing and implementing performance measurement systems, as well as for students. Woven into the chapters is the performance management cycle in organizations, which includes: strategic planning and resource allocation; program and policy design; implementation and management; and the assessment and reporting of results. The Third Edition has been revised to highlight and integrate the current economic, political, and socio-demographic context within which evaluators are expected to work, and includes new exemplars including the evaluation of body-worn police cameras. |
| mankiw 2015: The Economics of Inequality, Discrimination, Poverty, and Mobility Robert S. Rycroft, 2017-09-01 If there was any question before, there is no longer a question today: inequality, discrimination, poverty, and mobility are prominent national issues. The notion of The American Dream has been sold to generations of young Americans as the idea that working hard and following your dreams will allow you to break through any barriers in your path and inevitably lead to success. However, recent findings on inequality, discrimination, poverty, and mobility show that The American Reality is very different. The second edition of this introductory-level text brings together the essential materials on what economists have to say about these findings and brings students up to date with current thinking. It covers several ground-shattering events, such as: the election of Barack Obama followed by Donald Trump; the passage of the Affordable Care Act and attempts to repeal it; and the publication of Thomas Piketty’s Capital in the 21st Century, among many others. With an emphasis on data, theory, and policy, this book tackles these issues by exploring three key questions in each chapter: What do the data tell us about what has been happening to the American economy? What are the economic theories needed to understand what has been happening? What are the policy ideas and controversies associated with these economic problems? Key controversies are highlighted in each chapter to drive classroom discussion, and end-of-chapter questions develop student understanding. This clearly written text is ideally suited to a wide variety of courses on contemporary economic conditions, inequality, and social economics in the United States. |
| mankiw 2015: Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development Imad A Moosa, 2021-07-02 The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries. |
| mankiw 2015: The Political Economy of Inequality Frank Stilwell, 2019-05-10 During the last few decades, the gap between the incomes, wealth and living standards of rich and poor people has increased in most countries. Economic inequality has become a defining issue of our age. In this book, leading political economist Frank Stilwell provides a comprehensive overview of the nature, causes, and consequences of this growing divide. He shows how we can understand inequalities of wealth and incomes, globally and nationally, examines the scale of the problem and explains how it affects our wellbeing. He also shows that, although governments are often committed to ‘growth at all costs’ and ‘trickle down’ economics, there are alternative public policies that could be used to narrow the gap between rich and poor. Stilwell’s engaging and clear guide to the issues will be indispensable reading for all students, general readers and scholars interested in inequality in political economy, economics, public policy and beyond. |
| mankiw 2015: Credit and Creed Andreas Rahmatian, 2019-10-28 Money is a legal institution with principal economic and sociological consequences. Money is a debt, because that is how it is conceptualised and comes into existence: as circulating credit – if viewed from the creditor’s perspective – or, from the debtor’s viewpoint, as debt. This book presents a legal theory of money, based on the concept of dematerialised property. It describes the money creation or money supply process for cash and for bank money, and looks at modern forms of money, such as cryptocurrencies. It also shows why mainstream economics presupposes, but avoids an analysis of, money by effectively eliminating money from the microeconomic market model and declaring it as merely a neutral medium of exchange and unit of account. The book explains that money rather brings about and influences substantially the exchange or transaction it is supposed to facilitate only as a neutral medium. As the most liquid of all assets, money enables financialisation, monetisation and commodification in the economy. The central role of the banks in the money creation process and in the economy, and their strengthened position after the bank rescue measures in the wake of the financial crisis 2008-9 are also discussed. Providing a rigorous analysis of the most salient legal issues regarding money, this book will appeal to legal theorists, economists and anyone working in commercial or banking law. |
| mankiw 2015: Open Borders Bryan Caplan, 2019-10-29 An Economist “Our Books of the Year” Selection Economist Bryan Caplan makes a bold case for unrestricted immigration in this fact-filled graphic nonfiction. American policy-makers have long been locked in a heated battle over whether, how many, and what kind of immigrants to allow to live and work in the country. Those in favor of welcoming more immigrants often cite humanitarian reasons, while those in favor of more restrictive laws argue the need to protect native citizens. But economist Bryan Caplan adds a new, compelling perspective to the immigration debate: He argues that opening all borders could eliminate absolute poverty worldwide and usher in a booming worldwide economy—greatly benefiting humanity. With a clear and conversational tone, exhaustive research, and vibrant illustrations by Zach Weinersmith, Open Borders makes the case for unrestricted immigration easy to follow and hard to deny. |
| mankiw 2015: Essentials of Economics N. Gregory Mankiw, 2012 With its clear and engaging writing style, ESSENTIALS OF ECONOMICS, 6e, International Edition provides a thorough and enjoyable introduction to economics by emphasizing material you are likely to find interesting, informative, and useful in your everyday life. |
| mankiw 2015: Inequality: Economic and Social Issues Mats Lundahl, Daniel Rauhut, Neelambar Hatti, 2024-07-18 Inequalities of opportunity affect a person’s life expectancy and access to basic services and human rights through discrimination, abuse, and lack of access to justice. High levels of inequality of opportunity discourage skill accumulation, choke economic and social mobility, and, consequently, depress economic growth. Inequality also entrenches uncertainty, vulnerability, and insecurity; undermines trust in institutions and government, increases social discord and tensions, and triggers violence and conflicts. This book presents wide-ranging perspectives on economic inequality, as measured by differences in incomes and wealth. The contributors to the book explore how the economy is shaped in such a way as to generate differences in economic and social welfare between individuals, regions, and nations. But the book is not limited to economic perspectives: inequality is a many-faceted phenomenon that manifests itself in a number of ways. Thus, the book begins with a section which highlights some of the ‘standard’ features of inequality: class, gender, and age. The second section explores the manifestation of inequality in terms of differences in income and wealth. The third section looks at some of the causes of inequality, exploring the effects of discrimination and plunder (by those in power). The final section serves to drive home the point that geographic and institutional factors have an important place as well when it comes to shedding light on what equality is, how it manifests itself, and what its consequences are. This book will be essential reading for anyone interested in the causes and consequences of economic inequality including those in economics, sociology, politics, and geography. |
| mankiw 2015: Restructuring of Food Retail Markets in Countries of the Global South Christine Hobelsberger, 2021-04-07 This explorative, primary data-based study provides findings on the first nearly two decades of the emerging supermarket industry in Bangladesh, in particular its capital city Dhaka. The objective is thereby twofold: On the one hand, the study traces the so-far development of supermarkets in Dhaka, and Bangladesh, and depicts current hindering factors to the local supermarket industry’s further development, as well as supermarket managers’ measures to tackle these challenges. On the other hand, the study explores the (potential) implications of emerging supermarkets for other food retailers on-site. To this end, the study’s focus lies on so-called wet markets (Bengali: kacha bazars) as an exemplary “traditional” food retail format. Here, the study strives for the determination of supermarkets’ competitive pressure on kacha bazars in Dhaka, and kacha bazar vendors’ corresponding (proactive) coping strategies. The study is based on theoretical and conceptional reflections on markets and market structures, the fundamentals of retail management and modern food retail, and research findings on supermarkets’ structural impact on food retail markets in other country contexts. |
| mankiw 2015: Crisis of Conscience Tom Mueller, 2019 We are living in a time of mind-boggling corruption, but we are also living in a golden age of whistleblowing. Over the past two decades, whistleblowers have emerged as both the government's best weapon against corporate misconduct and the citizenry's best defence against government. Drawing on relentless original research, including in-depth interviews with more than 200 whistleblowers, Crisis of Conscience is a modern-day David-and-Goliath saga, told through a series of riveting cases drawn from Big Pharma, the military, and beyond. |
| mankiw 2015: Unintended Consequences Edward Conard, 2012-05-07 In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn't afford. It blames average Americans for borrowing recklessly and spending too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk taking by wealthy individuals and financial institutions. But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of facing a slew of unintended-and potentially dangerous-consequences. |
| mankiw 2015: Offshore Jamie Peck, 2017-03-09 Offshore outsourcing- the movement of jobs to lower-wage countries- is one of the defining features of globalization. Routine blue-collar work has been going offshore for decades, but the digital revolution beginning in the 1990s extended this process to many parts of the service economy too. Politically controversial from the beginning, offshoring is conventionally seen as a threat to jobs, wages, and economic security in higher-income countries, having become synonymous with the dirty work of globalization. Even though the majority of corporations make some use of offshore outsourcing, fearful of negative publicity most now choose to manage these activities in a discreet manner. Partly as a result, the global sourcing business, reckoned to be worth more than $120 billion, largely operates under the radar, its ocean-spanning activities in low-cost labour arbitrage being poorly documented and poorly understood. Offshore is the first sustained investigation of the workings of the global sourcing industry, its business practices, its market dynamics, its technologies, and its politics. The book traces the complex transformation of the worlds of global sourcing, from its origins in the new international division of labour in the 1970s, through the rapid growth of back-office economies in India and the Philippines since the 1990s, to the development of nearshore markets in Latin America and Eastern Europe. Recently, this evolving process of geographical and organizational restructuring has included experiments in backshoring within low-cost, ex-urban locations in the United States and a wave of software-enabled automation, which threatens to remove labour from many back offices altogether. In these and other ways, the offshore revolution continues. |
| mankiw 2015: Microeconomics Mark P. Taylor, N. Gregory Mankiw, 2020 |
Home | Scholars at Harvard
Home | Scholars at Harvard
A Skeptic’s Guide to Modern Monetary Theory - Scholars at …
Dec 12, 2019 · similarly strong correlation. (Mankiw, 2019, pp. 109-110) Nonetheless, mainstream macroeconomists also go beyond the most simplistic quantity theoretic reasoning. They stress …
The Macroeconomist as Scientist and Engineer - Scholars at …
N. Gregory Mankiw is the Robert M. Beren Professor of Economics, Harvard University, Cambridge, MA. I am grateful to Steven Braun, James Hines, Donald Marron, David Romer, …
N. GREGORY MANKIW - Scholars at Harvard
N. GREGORY MANKIW August 2022. Robert M. Beren Professor of Economics, Harvard University . Personal: Born February 3, 1958, married, 3 children. Education: A.B., summa …
The Economics of Healthcare - Scholars at Harvard
The Economics of Healthcare - Scholars at Harvard
Yes, r > g. So What? - Scholars at Harvard
By N. Gregory Mankiw* *Department of Economics, Harvard University, Cambridge, MA 02138 (e-mail: ngmankiw@harvard.edu). I am grateful to Laurence Ball, Ben Friedman, David Laibson, …
Optimal taxation in theory and practice 060109 final
N. Gregory Mankiw is Professor of Economics, Matthew Weinzierl is Assistant Professor of Business Administration, and Danny Yagan is a Ph.D. candidate in Economics, all at Harvard …
ASYMMETRIC PRICE ADJUSTMENT AND ECONOMIC …
Laurence Ball and N. Gregory Mankiw This paper considers a possible explanation for asymmetric adjustment of nominal prices. We present a menu-cost model in which positive …
N. GREGORY MANKIW - Scholars at Harvard
N. GREGORY MANKIW March 2021 Robert M. Beren Professor of Economics, Harvard University Personal: Born February 3, 1958, married, 3 children. Education: A.B., summa cum …
Imperfect Information and Aggregate Supply* - Scholars at …
5 where is a sales subsidy and Yit is output produced using Hit units of labor. Because it is a monopolist, the firm takes into account that sales equal market demand, Yit = Cit, together …
Home | Scholars at Harvard
Home | Scholars at Harvard
A Skeptic’s Guide to Modern Monetary Theory - Scholars at …
Dec 12, 2019 · similarly strong correlation. (Mankiw, 2019, pp. 109-110) Nonetheless, mainstream macroeconomists also go beyond the most simplistic quantity theoretic reasoning. They stress …
The Macroeconomist as Scientist and Engineer - Scholars at …
N. Gregory Mankiw is the Robert M. Beren Professor of Economics, Harvard University, Cambridge, MA. I am grateful to Steven Braun, James Hines, Donald Marron, David Romer, …
N. GREGORY MANKIW - Scholars at Harvard
N. GREGORY MANKIW August 2022. Robert M. Beren Professor of Economics, Harvard University . Personal: Born February 3, 1958, married, 3 children. Education: A.B., summa …
The Economics of Healthcare - Scholars at Harvard
The Economics of Healthcare - Scholars at Harvard
Yes, r > g. So What? - Scholars at Harvard
By N. Gregory Mankiw* *Department of Economics, Harvard University, Cambridge, MA 02138 (e-mail: ngmankiw@harvard.edu). I am grateful to Laurence Ball, Ben Friedman, David Laibson, …
Optimal taxation in theory and practice 060109 final
N. Gregory Mankiw is Professor of Economics, Matthew Weinzierl is Assistant Professor of Business Administration, and Danny Yagan is a Ph.D. candidate in Economics, all at Harvard …
ASYMMETRIC PRICE ADJUSTMENT AND ECONOMIC …
Laurence Ball and N. Gregory Mankiw This paper considers a possible explanation for asymmetric adjustment of nominal prices. We present a menu-cost model in which positive …
N. GREGORY MANKIW - Scholars at Harvard
N. GREGORY MANKIW March 2021 Robert M. Beren Professor of Economics, Harvard University Personal: Born February 3, 1958, married, 3 children. Education: A.B., summa cum …
Imperfect Information and Aggregate Supply* - Scholars at …
5 where is a sales subsidy and Yit is output produced using Hit units of labor. Because it is a monopolist, the firm takes into account that sales equal market demand, Yit = Cit, together …
