Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.
Book summaries and excerpts for leaders in churches and other organizations. Books included: A Failure of Nerve by Edwin Friedman Generation to Generation by Edwin Friedman Congregational Leadership in Anxious Times: Being Calm and Courageous No Matter What by Peter L. Steinke A Door Set Open: Grounding Change in Mission and Hope by Peter L. Steinke The Underground Church: Reclaiming the Subversive Way of Jesus by Robin Meyers Resident Aliens by Stanley Hauerwas and William Willimon Different Drum: Community Making and Peace by Scott Peck Nonviolent Communication: A Language of Life Marshall B. Rosenberg Start with Why Simon Sinek The Art of Possibility Rosamund Stone Zander and Benjamin Zander Birth of the Chaordic Age Dee Hock The Path of Least Resistance Robert Fritz Good to Great Jim Collins What is the Mission of Missions? (Article) Dan Hotchkiss Being Wrong: Adventures in the Margin of Error Kathryn Schulz Prophetic Leadership Quotes for Leaders from the Writings of Rabbi Abraham Joshua Heschel Selections for Clergy and Congregations Ralph Waldo Emerson
Don’t you deserve a little happiness? Ever wonder . . . Why is life so frustrating? Is happiness within my reach? Is it too late for me? Dr. David Jeremiah takes a look at history’s wisest and most successful man, King Solomon, and challenges readers to find what really matters in life. Solomon tested life’s haunting questions head-on. Tasted the fullness of life’s riches. But found his answers in the last place he thought to look. If you thought happiness was only an empty hope, maybe you’ve simply been looking in all the wrong places. In this book Dr. Jeremiah reveals the way to the happiness you have longed for, the never-dimming light of your fondest dreams.
In Disarmed Democracies: Domestic Institutions and the Use of Force, David P. Auerswald examines how the structure of domestic political institutions affects whether democracies use force or make threats during international disputes. Auerswald argues that the behavior of democracies in interstate conflict is shaped as much by domestic political calculations as by geopolitical circumstance. Variations in the structure of a democracy's institutions of governance make some types of democracies more likely to use force than others. To test his theory, Auerswald compares British, French, and U.S. behavior during military conflicts and diplomatic crises from the Cold War era to the present. He discusses how accountability and agenda control vary between parliamentary, presidential, and premier-presidential democracies and shows how this affects the ability of the democracy to signal its intentions, as well as the likelihood that it will engage in military conflict. His findings have implications for the study of domestic politics and the use of force, as well as of U.S. leadership during the next century. This study will interest social scientists interested in the domestic politics of international security, comparative foreign policy, or the study of domestic institutions. It will interest those concerned with the exercise of U.S. leadership in the next century, the use of force by democracies, and the future behavior of democratizing nations. David P. Auerswald is Assistant Professor of Political Science and International Affairs, George Washington University.
What shapes political behavior more: the situations in which individuals find themselves, or the internal psychological makeup—beliefs, values, and so on—of those individuals? This is perhaps the leading division within the psychological study of politics today. This text provides a concise, readable, and conceptually-organized introduction to the topic of political psychology by examining this very question. Using this situationism-dispositionism framework—which roughly parallels the concerns of social and cognitive psychology—this book focuses on such key explanatory mechanisms as behaviorism, obedience, personality, groupthink, cognition, affect, emotion, and neuroscience to explore topics ranging from voting behavior and racism to terrorism and international relations. Houghton's clear and engaging examples directly challenge students to place themselves in both real and hypothetical situations which involve intense moral and political dilemmas. This highly readable text will provide students with the conceptual foundation they need to make sense of the rapidly changing and increasingly important field of political psychology.
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