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| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, Robert S. Smith, 2016-04-20 For one-semester courses in labor economics at the undergraduate and graduate levels, this book provides an overview of labor market behavior that emphasizes how theory drives public policy. Modern Labor Economics: Theory and Public Policy, Twelfth Edition gives students a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ronald Ehrenberg and Robert Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, the text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This text provides a better teaching and learning experience for you and your students. It will help you to: Demonstrate concepts through relevant, contemporary examples: Concepts are brought to life through analysis of hot-button issues such as immigration and return on investment in education. Address the Great Recession of 2008: Coverage of the current economic climate helps students place course material in a relevant context. Help students understand scientific methodology: The text introduces basic methodological techniques and problems, which are essential to understanding the field. Provide tools for review and further study: A series of helpful in-text features highlights important concepts and helps students review what they have learned. |
| modern labor economics: Modern Labour Economics Peter Sloane, Paul Latreille, Nigel O'Leary, 2013-03-05 Labour economics as a discipline has changed dramatically in recent years. Gone are the days of a job for life. These days, firms and employees are part of a less regulated, more fluid, and more international labour market. Knowledge, training, human resource development and human capital are all major factors on the contemporary scene. This new textbook is the first properly international textbook to reflect these swingeing changes. Its key areas of concentration include: the increasing importance of human capital including education and occupational choice the major subdivision of personnel economics including economic inactivity and absenteeism comparative cross country studies and the impact of globalization and migration on national labour markets equal opportunities and issues of discrimination on the basis of race, gender and disability conflict at work, including both strikes and, uniquely, individual disputes. Other issues explored include the supply and demand of labour, wages, the current role of trade unions, bargaining and conflict, and working time. The book is written in a clear, accessible way with some mathematical exposition, reflecting the text’s grounding in current microeconomic theory. The book also contains case studies designed to illuminate theoretical concepts and exercises and discussion questions to test the students understanding of the various concepts outlined in the text. |
| modern labor economics: Jacob Mincer Shoshana Grossbard, 2006-06-26 This volume contains essays by or about Jacob Mincer who is a founding father of modern empirical labor economics. This personal collection not only examines Mincer’s research, it also assesses the impact of his work on the careers of several important economists and includes portions of Mincer’s correspondence with those scholars. Contributors to this volume include Gary Becker and James Heckman, each of whom is a Nobel Laureate and former Mincer collaborator. |
| modern labor economics: Labor Economics Pierre Cahuc, André Zylberberg, 2004 A comprehensive graduate-level text and professional reference covering all aspects of labor economics. |
| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, Robert S. Smith, 2017-07-31 Modern Labor Economics: Theory and Public Policy, now in its thirteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ehrenberg and Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This new edition continues to offer: a balance of relevant, contemporary examples; coverage of the current economic climate; introduction to basic methodological techniques and problems; tools for review and further study. In addition to providing updated data and examples throughout, the thirteenth edition offers greater coverage of inequality, healthcare policy, and labor-replacing technologies. The text is also supported by a full range of companion online materials. |
| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, Robert S. Smith, Kevin F. Hallock, 2025-05-20 Modern Labor Economics: Theory and Public Policy, now in its fifteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical policy applications that allow students to see concepts in action. The authors believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. Consequently, this text presents numerous examples of policy decisions that have affected, and been affected by, the ever-shifting labor market. This new edition continues to offer the following: a balance of relevant, contemporary examples coverage of the current economic climate an introduction to basic methodological techniques and problems tools for review and further study This fifteenth edition presents updated data and examples throughout and offers greater coverage of monopsonistic labor markets (including anti-trust regulations and rulings), the economics of education, the gender pay gap, recent developments in unions, and unemployment, plus new material on the work-from-home trend and AI. Supplementary materials for students and instructors are also available. |
| modern labor economics: Labor Economics George J. Borjas, 2010 Labor Economics, 5e is a well-received text that blends coverage of traditional topics with modern theory and developments into a superb Labor Economics book. The Fifth Edition builds on the features and concepts that made the first four editions successful, updating and adding new content to keep the text on the cusp of recent events in the Labor Economics field. The new edition continues to be the most concise book in the market, enabling the instructor to teach all relevant material in a semester-long class. Despite the book’s brevity, the instructor will find that all of the key topics in labor economics are efficiently covered in the Fifth Edition. Thanks to updated pedagogy, new end-of-chapter material, and even stronger instructor support, the Fifth Edition of Labor Economics remains one of the most relevant textbooks in the market. |
| modern labor economics: Jacob Mincer Pedro N. Teixeira, 2007-03-08 The original book published with the IZA, this work presents and analyzes the work of one of the most important economists of the 20th century - Jacob Mincer. Mincer's work has had a lasting influence on contemporary labor economics in both theoretical and methodological terms. Mincer played a central role in shaping contemporary labor economics, not the least by largely determining its research agenda. His work in the 1960s and 70s on the determinants of individual earnings, notably human capital, and on labor force supply, particularly female participation, have had an enormous impact on the way others have approached labor economics. This book presents a systematic analysis of his extensive published work, emphasising its continuity as a lifetime research program that has made a lasting influence on modern labor economics. |
| modern labor economics: Labor Economics Derek Laing, 2011-04-27 Labor Economics has comprehensive coverage, and gives instructors the flexibility to tailor their text precisely to the course that they want to teach. The text stresses problem solving, with several Worked Problems in each chapter, and includes leading-edge pedagogy to help students better understand and master the material. |
| modern labor economics: Modern Labor Economics Ronald Gordon Ehrenberg, Robert Stewart Smith, 1991 Provides the core of economic theory (demand issues followed by supply issues) and then analyzes special topics, such as compensations, unions, discrimination and unemployment. The text's public policy orientation is supported by policy applications. |
| modern labor economics: Fundamentals of Labor Economics Thomas Hyclak, Geraint Johnes, Robert Thornton, 2020 Examine the essential aspects of modern labor economics from an international perspective with Hyclak/Johnes/Thornton's highly accessible FUNDAMENTALS OF LABOR ECONOMICS, 3E. This convenient, digital edition provides a comprehensive survey of economic theory and empirical evidence on purely competitive labor markets. These acclaimed authors examine the impact of imperfect competition, incomplete information and uncertainty, and institutional factors -- stemming from government regulation, unions, social norms, and human resource management policies -- on wages and employment opportunities. The latest updates address important issues today, such as wage and income inequality, labor market effects of international migration, the impact of occupational licensing on wages and employment, and labor aspects of the current gig economy. First-hand labor economics research and results further enhance your understanding of the world in which you will work and manage employees. |
| modern labor economics: Empirical Labor Economics Theresa J. Devine, Nicholas M. Kiefer, 1991 This volume defines the economics of search, which has become a part of the standard graduate curriculum. The concept deals with the costs and benefits to individual workers - either employed or unemployed - of seeking a job with the highest possible pay. |
| modern labor economics: Labor Economics George J. Borjas, 2002 George Borjas' well-received text blends coverage of traditional topics with modern theory and developments into a superb Labor economics book. His integration of theory with facts and coverage of latest research make his book one of the most popular at the middle and upper end of the market. |
| modern labor economics: Labor Economics in an Islamic Framework Toseef Azid, Umar Burki, Muhammad Junaid Khawaja, Nasim Shah Shirazi, Muhammad Tahir, 2021-12-30 The labor market in Islam is governed by the Islamic laws of fairness, justice, and reward that is equivalent to the job done. Most of the literature in the field discusses the normative aspect of the labor market, whereas few attempts can be seen to address more positive aspects. There is a need for new theoretical and empirical models for the Islamic labor market, which should differ from established approaches. This book provides a comprehensive overview of the nature, scope, and dimensions of the labor market in an Islamic context, from both theoretical and practical perspectives. It presents and discusses labor economics and then compares the similarities and differences between conventional and Islamic views of the labor market, explaining where they meet, and critically justifying why they differ, under the umbrella of Shari'ah. The book raises pertinent issues, which it analyzes from both standpoints and widens the discourse to include norms, morality, and related institutions such as social security and welfare. A unique feature of the book is that it examines labor economics practices among a specific group of countries, and studies the labor conditions within these countries, where the majority of the population follow the teachings of Islam in their daily lives. The book proposes practical strategies for the development of new models for the Islamic labor market which are compatible with the modern world. The book will enable academics and practitioners of Islamic economics to make economic sense of Shari'ah compliance and human resource development. |
| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, Robert S. Smith, Kevin F. Hallock, 2021-08-23 Modern Labor Economics: Theory and Public Policy, now in its fourteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. The authors believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. Consequently, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This new edition continues to offer the following: a balance of relevant, contemporary examples coverage of the current economic climate an introduction to basic methodological techniques and problems tools for review and further study This fourteenth edition presents updated data throughout and a wealth of new examples, such as the impact of COVID-19 lockdowns, gig work, nudges, monopsony power in the technology industry, and the effect of machine learning on inequality. Supplementary materials for students and instructors are available on the book’s companion website. |
| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, 1988 |
| modern labor economics: Monopsony in Motion Alan Manning, 2013-12-03 What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the free market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject. |
| modern labor economics: The Job Guarantee and Modern Money Theory Michael J. Murray, Mathew Forstater, 2017-01-25 The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy’s fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more public sector jobs in response to private sector layoffs. It would then contract when economic growth offered private sector employment opportunities. This flexible full employment program would create a balanced, perpetually active labor force, providing the macroeconomic stability necessary to define a functioning labor standard. Just as the gold standard measured the worth of money against gold reserves, John Maynard Keynes argued, so a labor standard ought to measure the value of money in terms of its labor equivalent. However, he failed to account for the fact that, unlike a gold standard, a labor standard does not have any kind of surety that money will continue to match its value in paid work over time. Together, the contributors argue that full employment would provide this missing security and allow authorities to define the value equivalencies of money and labor, the way that money once represented its exact equivalent in gold. |
| modern labor economics: How the World Works Paul Cockshott, 2020-01-21 A sweeping history of the full range of human labor Few authors are able to write cogently in both the scientific and the economic spheres. Even fewer possess the intellectual scope needed to address science and economics at a macro as well as a micro level. But Paul Cockshott, using the dual lenses of Marxist economics and technological advance, has managed to pull off a stunningly acute critical perspective of human history, from pre-agricultural societies to the present. In How the World Works, Cockshott connects scientific, economic, and societal strands to produce a sweeping and detailed work of historical analysis. This book will astound readers of all backgrounds and ages; it will also will engage scholars of history, science, and economics for years to come. |
| modern labor economics: The General Theory of Employment, Interest, and Money John Maynard Keynes, 2018-07-20 This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate. |
| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, 1985 |
| modern labor economics: The Making of Modern Economics Mark Skousen, 2015-01-28 Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work. |
| modern labor economics: Modern Labor Economics Ronald Gordon Ehrenberg, Robert Stewart Smith, 1985 This edition of the introductory text in labor economics develops the modern theory of labor market behavior, summarizes empirical evidence that supports or contradicts each hypothesis, and illustrates the usefulness of the theory for public policy analysis. It presents an overview of demand and supply in labor markets, and deals with labor supply issues, compensation, unionism, public sector labor markets, discrimination, and the macroceonomic issues of inflation and unemployment. The edition provides new discussions of implicit contracting and asymmetric information; selectivity bias in rates of return to education; sex differences in the choice of college majors; firm size and gender effects on quit rates; the effects of union on profitability; and determinants of retirement age. It also includes analyses of state fair employment practice laws and Title VII of the Civil Rights Act. ISBN 0-673-18105-7 : $26.95. |
| modern labor economics: The Dignity of Labour Jon Cruddas, 2021-04-08 Does work give our lives purpose, meaning and status? Or is it a tedious necessity that will soon be abolished by automation, leaving humans free to enjoy a life of leisure and basic income? In this erudite and highly readable book, Jon Cruddas MP argues that it is imperative that the Left rejects the siren call of technological determinism and roots it politics firmly in the workplace. Drawing from his experience of his own Dagenham and Rainham constituency, he examines the history of Marxist and social democratic thinking about work in order to critique the fatalism of both Blairism and radical left techno-utopianism, which, he contends, have more in common than either would like to admit. He argues that, especially in the context of COVID-19, socialists must embrace an ethical socialist politics based on the dignity and agency of the labour interest. This timely book is a brilliant intervention in the highly contentious debate on the future of work, as well as an ambitious account of how the left must rediscover its animating purpose or risk irrelevance. |
| modern labor economics: The Brave New World of European Labor Andrew Martin, George Ross, 1999 Using a common framework developed by a collaborative Harvard University and Brandeis University affiliated research team, this volume surveys and analyzes the strategic responses of national unions in Britain, France, Germany, Italy, and Spain to the last two decades of economic change. Also evaluated is the response of Sweden, long seen as the most successful variation of the European model, as well as EU level transnational unionism. The volume concludes with a reflection on new union positions and their implications, particularly on the question of what will happen to the European model of society as a consequence. Annotation copyrighted by Book News, Inc., Portland, OR |
| modern labor economics: Perspectives on Labour Economics for Development Sandrine Cazes, Sher Verick, 2013 In developing countries, labour markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty and promoting inclusion. Yet the reality in most developing countries is that the labour market fails to create the jobs in the formal economy that would help individuals and their families prosper. In recognition of these challenges, governments and other stakeholders in developing countries have increasingly prioritised policies and programmes to promote decent work. However, this requires navigating a range of complex issues and debates surrounding the linkages between development processes and labour market outcomes. This volume consists of three main thematic parts. Part I provides a broad overview of key issues, including characterising the employment challenge in developing countries and the link between economic growth, distribution, poverty and employment. Drawing on the literature and country examples, Part II analyses the specific topics of wages, migration and education. The final section shifts to a more normative focus, addressing labour market institutions and policies, along with systematic approaches to quantifying labour markets in developing countries. Perspectives on Labour Economics for Development is an invaluable reference for policy-makers in middle- and low-income countries as well as an ideal handbook for teachers and students of economics and development. |
| modern labor economics: Contemporary Labor Economics Campbell R. McConnell, Stanley L. Brue, David A. Macpherson, 2003 This textbook presents the new labor economics. While traditional topics such as labor law, structure of unions, and collective bargaining are included, the focus is on labor economics as an applied field of micro and macro theory. The authors assert that labor economics has become a critical part of the core of analytical economics and not merely tangential. Micro and Macro Economic principles are the only prerequisites to this one term book. |
| modern labor economics: Labor Transfer in Emerging Economies Xiaochun Li, 2017-02-28 Based on new phenomena appearing in many emerging economies, this book presents a theoretical study on the economic influences of labor transfer from several aspects. In recent years, thanks to the continuous progress of social forms as well as science and technology, there are a large number of new developing trends in emerging nations. Taking China as an example, several economic issues have sprung up with the huge scale of labor transfer, such as development of modern agriculture, environmental protection, privatization of mixed enterprises, training of human capital, and migrant workers’ remittances to their hometowns. However, the existing researches on labor transfer pay little attention to them. In order to bridge the gap, this book combines new economic data with basic theories of labor migration, and discusses economic influences of labor transfer in four angles: human capital, migrants’ remittances, environmental protection, and development of modern agriculture. Each part is composed of two or three analytical elements. Our conclusions not only enrich existing theoretical researches, but also provide theoretical support for related national economic policies. |
| modern labor economics: The Value of Labor Martha Lampland, 2016-09-15 At the heart of today’s fierce political anger over income inequality is a feature of capitalism that Karl Marx famously obsessed over: the commodification of labor. Most of us think wage-labor economics is at odds with socialist thinking, but as Martha Lampland explains in this fascinating look at twentieth-century Hungary, there have been moments when such economics actually flourished under socialist regimes. Exploring the region’s transition from a capitalist to a socialist system—and the economic science and practices that endured it—she sheds new light on the two most polarized ideologies of modern history. Lampland trains her eye on the scientific claims of modern economic modeling, using Hungary’s unique vantage point to show how theories, policies, and techniques for commodifying agrarian labor that were born in the capitalist era were adopted by the socialist regime as a scientifically designed wage system on cooperative farms. Paying attention to the specific historical circumstances of Hungary, she explores the ways economists and the abstract notions they traffic in can both shape and be shaped by local conditions, and she compellingly shows how labor can be commodified in the absence of a labor market. The result is a unique account of economic thought that unveils hidden but necessary continuities running through the turbulent twentieth century. |
| modern labor economics: England's Great Transformation Marc W. Steinberg, 2016-04-04 With England’s Great Transformation, Marc W. Steinberg throws a wrench into our understanding of the English Industrial Revolution, largely revising the thesis at heart of Karl Polanyi’s landmark The Great Transformation. The conventional wisdom has been that in the nineteenth century, England quickly moved toward a modern labor market where workers were free to shift from employer to employer in response to market signals. Expanding on recent historical research, Steinberg finds to the contrary that labor contracts, centered on insidious master-servant laws, allowed employers and legal institutions to work in tandem to keep employees in line. Building his argument on three case studies—the Hanley pottery industry, Hull fisheries, and Redditch needlemakers—Steinberg employs both local and national analyses to emphasize the ways in which these master-servant laws allowed employers to use the criminal prosecutions of workers to maintain control of their labor force. Steinberg provides a fresh perspective on the dynamics of labor control and class power, integrating the complex pathways of Marxism, historical institutionalism, and feminism, and giving readers a subtle yet revelatory new understanding of workplace control and power during England’s Industrial Revolution. |
| modern labor economics: Modern Labor Economics Ronald G Ehrenberg, Robert S. Smith, 2011-11-21 This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. A clear, comprehensive introduction to labor market behavior. In addition to presenting core theory, Ehrenberg/Smith summarizes empirical evidence for or against each hypothesis, and illustrates the usefulness of theory for public policy analysis. The authors continue to make this text a comprehensive resource in the eleventh edition, through a focus on factual information about the labor market and professional literature in labor economics. |
| modern labor economics: Readings in Labor Economics and Labor Relations Lloyd George Reynolds, Stanley H. Masters, Colletta H. Moser, 1986 |
| modern labor economics: Modern Principles of Economics (Loose Leaf) Tyler Cowen, 2011-12-05 In a world full of economics blogs, Cowen and Tabarrok's Marginal Revolution (marginalrevolution.com) ranks is one of the Web's most popular and most respected. The same qualities that make the blog so distinctive are also behind the success Modern Principles of Economics--engaging authors, unbiased presentations of essential ideas, and a knack for revealing the invisible hand of economics at work. The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life. |
| modern labor economics: Modern Labor Economics Ronald G. Ehrenberg, 1997 |
| modern labor economics: U.S. History P. Scott Corbett, Volker Janssen, John M. Lund, Todd Pfannestiel, Sylvie Waskiewicz, Paul Vickery, 2024-09-10 U.S. History is designed to meet the scope and sequence requirements of most introductory courses. The text provides a balanced approach to U.S. history, considering the people, events, and ideas that have shaped the United States from both the top down (politics, economics, diplomacy) and bottom up (eyewitness accounts, lived experience). U.S. History covers key forces that form the American experience, with particular attention to issues of race, class, and gender. |
| modern labor economics: How Labor Powers the Global Economy Emmanuel D. Farjoun, Moshé Machover, David Zachariah, 2023-04-15 This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system. This book will appeal to anyone interested in how the capitalist mode of production works and its inherent limitations; in particular, it will be useful to scholars and students of Marxian economics. “Emmanuel Farjoun and Moshé Machover, follow up their pathbreaking work on the application of statistical physics methods to political economy in this book with David Zachariah, in which they develop methods for making educated and structured estimates of stylized facts applicable to capitalist economies. There’s a lot for economists and anyone interested in the political economy of capitalism to learn from their reasoning on these issues, including their novel and challenging suggestion of bounds on the rates of increase of use-value productivity of labor, and on the range of variation of the wage share.” Duncan K. Foley, Leo Model Professor of Economics, New School for Social Research |
| modern labor economics: Introduction to Modern Economic Growth Daron Acemoglu, 2008-12-15 From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: acemoglusolutions@press.princeton.edu |
| modern labor economics: Modern Money Theory L. Randall Wray, 2015-09-22 This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations. |
| modern labor economics: Contemporary Labor Economics Campbell R. McConnell, Brue, David A. Macpherson, 2017-02-16 This text emphasises the economics of labour markets in the US and their relationship to overall economic performance. It will be of value on any course that requires specific material on the diverse subject of labour economics in North America. |
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The meaning of MODERN is of, relating to, or characteristic of the present or the immediate past : contemporary. How to use modern in a sentence.
MODERN | English meaning - Cambridge Dictionary
MODERN definition: 1. designed and made using the most recent ideas and methods: 2. of the present or recent times…. Learn more.
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Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies Late modernity Art
Modern - definition of modern by The Free Dictionary
Characteristic or expressive of recent times or the present; contemporary or up-to-date: a modern lifestyle; a modern way of thinking. 2. a. Of or relating to a recently developed or advanced …
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modern is applied to those things that exist in the present age, esp. in contrast to those of a former age or an age long past; hence the word sometimes has the connotation of up-to-date …
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Modern typically refers to the present or recent times as opposed to the past. It commonly relates to developments or characteristics regarded as representative of contemporary life, or the …
MODERN Definition & Meaning | Dictionary.com
Modern means relating to the present time, as in modern life. It also means up-to-date and not old, as in modern technology. Apart from these general senses, modern is often used in a …
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At Modern Optical, we believe all families deserve fashionable, affordable eyewear. Founded in 1974 by my father, Yale Weissman, Modern remains family-owned and operated as well as a …
MODERN Definition & Meaning - Merriam-Webster
The meaning of MODERN is of, relating to, or characteristic of the present or the immediate past : contemporary. How to use modern in a sentence.
MODERN | English meaning - Cambridge Dictionary
MODERN definition: 1. designed and made using the most recent ideas and methods: 2. of the present or recent times…. Learn more.
Modern - Wikipedia
Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies Late modernity Art
Modern - definition of modern by The Free Dictionary
Characteristic or expressive of recent times or the present; contemporary or up-to-date: a modern lifestyle; a modern way of thinking. 2. a. Of or relating to a recently developed or advanced …
MODERN definition and meaning | Collins English Dictionary
modern is applied to those things that exist in the present age, esp. in contrast to those of a former age or an age long past; hence the word sometimes has the connotation of up-to-date …
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What does modern mean? - Definitions.net
Modern typically refers to the present or recent times as opposed to the past. It commonly relates to developments or characteristics regarded as representative of contemporary life, or the …
MODERN Definition & Meaning | Dictionary.com
Modern means relating to the present time, as in modern life. It also means up-to-date and not old, as in modern technology. Apart from these general senses, modern is often used in a …
Modern Definition & Meaning - YourDictionary
Modern definition: Of, relating to, or being a living language or group of languages.
