Edward C. Prescott's Books

Barriers to Riches

By: Stephen L. Parente,Edward C. Prescott

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Barriers to Riches

By: Stephen L. Parente,Edward C. Prescott

Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data and general equilibrium models to evaluate the plausibility of alternative explanations. The result of this approach is the most complete and coherent treatment of the subject to date.

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Page Count

188

Publisher

MIT Press

Published Date

ISBN 10

0262264080

ISBN 13

9780262264082

Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 1

By: Edward Nelson

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Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 1

By: Edward Nelson

First in a two-volume study of Friedman’s long career: “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This first volume in the two-volume account takes the story through 1960, covering the period in which Friedman began and developed his research on monetary policy. It traces Friedman’s thinking from his professional beginnings in the 1930s as a combative young microeconomist, to his wartime years on the staff of the US Treasury, and his emergence in the postwar period as a leading proponent of monetary policy. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “Magisterial . . . For anyone wanting to understand the ideas that Friedman generated over his research career, this book is, and will remain for some time, the essential guide.” —Financial World

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758

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University of Chicago Press

Published Date

ISBN 10

022668380X

ISBN 13

9780226683805

Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2

By: Edward Nelson

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Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2

By: Edward Nelson

Second in a two-volume study of the Nobel Prize winner’s long career: “Nelson knows more about Milton Friedman’s economics than anyone else alive.” —Business Economics This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This second volume covers the years between 1960 and 1972—years that saw the publication of Friedman and Anna Schwartz’s Monetary History of the United States. The book also covers Friedman’s involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History

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602

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University of Chicago Press

Published Date

ISBN 10

022668492X

ISBN 13

9780226684925

Unintended Consequences

Why Everything You've Been Told About the Economy Is Wrong

By: Edward Conard

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Unintended Consequences

Why Everything You've Been Told About the Economy Is Wrong

By: Edward Conard

Was our country’s economic success before the Crash of ‘08 built on false pretenses? Did we simply borrow and spend too much, or was something else really going on? The conventional wisdom now accuses Wall Street and the mortgage industry of using predatory tactics to seduce homeowners. Meanwhile, average Americans are blamed for increasing consumption to unsustainable levels by borrowing recklessly. And the tax policies of the Reagan and Bush administrations are blamed for encouraging reckless risk-taking. Edward Conard disagrees. In an attempt to set the record straight he presents a fascinating new case for how the economy really works, why the U.S. has outperformed other countries, what caused the financial crisis, and what improvements might better protect our economy without damaging growth.

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321

Publisher

Penguin

Published Date

ISBN 10

1591846307

ISBN 13

9781591846307

Health Psychology

Biopsychosocial Interactions

By: Edward P. Sarafino,Timothy W. Smith,David B. King,Anita De Longis

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Health Psychology

Biopsychosocial Interactions

By: Edward P. Sarafino,Timothy W. Smith,David B. King,Anita De Longis

The second Canadian edition of Health Psychology: Biopsychosocial Interactions integrates multidisciplinary research and theory to help students understand the complex connections between psychology and health. This comprehensive yet accessible textbook covers the biopsychosocial factors that impact human health and wellness, placing particular emphasis on the distinctive characteristics of the Canadian health care system, the issues and challenges unique to Canadian culture, and the most recent Canadian research in the field of health psychology. Clear, student-friendly chapters examine topics such as coping with stress and illness, lifestyles for enhancing health and preventing illness, managing pain and discomfort, getting medical treatment, and living with chronic illness. This fully revised second edition features the latest available data and research from across Canada and around the world. New and expanded chapters explore psychosocial factors in aging and dying, legalized marijuana use in Canada, the link between inflammation and depression, Canadian psychosocial models of pain, recent Medical Assistance in Dying (MAiD) legislation, weight control, eating disorders, and exercise, and much more. Throughout the text, updated illustrative examples, cross-cultural references, and real-world cases reinforce key points and strengthen student comprehension, retention, and interest.

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818

Publisher

John Wiley & Sons

Published Date

ISBN 10

1119506948

ISBN 13

9781119506942

Votes, Vetoes, and the Political Economy of International Trade Agreements

By: Edward D. Mansfield,Helen V. Milner

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Votes, Vetoes, and the Political Economy of International Trade Agreements

By: Edward D. Mansfield,Helen V. Milner

Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement. These agreements foster economic integration among member states by enhancing their access to one another's markets. Yet despite the importance of PTAs to international trade and world politics, until now little attention has been focused on why governments choose to join them and how governments design them. This book offers valuable new insights into the political economy of PTA formation. Many economists have argued that the roots of these agreements lie in the promise they hold for improving the welfare of member states. Others have posited that trade agreements are a response to global political conditions. Edward Mansfield and Helen Milner argue that domestic politics provide a crucial impetus to the decision by governments to enter trade pacts. Drawing on this argument, they explain why democracies are more likely to enter PTAs than nondemocratic regimes, and why as the number of veto players--interest groups with the power to block policy change--increases in a prospective member state, the likelihood of the state entering a trade agreement is reduced. The book provides a novel view of the political foundations of trade agreements.

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224

Publisher

Princeton University Press

Published Date

ISBN 10

1400842530

ISBN 13

9781400842537

Cities, Agglomeration, and Spatial Equilibrium

By: Edward L. Glaeser

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Cities, Agglomeration, and Spatial Equilibrium

By: Edward L. Glaeser

220 million Americans crowd together in the 3% of the country that is urban. 35 million people live in the vast metropolis of Tokyo, the most productive urban area in the world. The central city of Mumbai alone has 12 million people, and Shanghai almost as many. We choose to live cheek by jowl, in a planet with vast amounts of space. Yet despite all of the land available to us, we choose to live in proximity to cities. Using economics to understand this phenomenon, the urban economist uses the tools of economic theory and empirical data to explain why cities exist and to analyze urban issues such as housing, education, crime, poverty and social interaction. Drawing on the success of his Lindahl lectures, Edward Glaeser provides a rigorous account of his research and unique thinking on cities. Using a series of simple models and economic theory, Glaeser illustrates the primary features of urban economics including the concepts of spatial equilibrium and agglomeration economies. Written for a mathematically inclined audience with an interest in urban economics and cities, the book is written to be accessible to theorists and non-theorists alike and should provide a basis for further empirical work.

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288

Publisher

OUP Oxford

Published Date

ISBN 10

0191558591

ISBN 13

9780191558597

Politics from Anarchy to Democracy

Rational Choice in Political Science

By: Irwin Lester Morris,Joe A. Oppenheimer,Karol Edward So?tan

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Politics from Anarchy to Democracy

Rational Choice in Political Science

By: Irwin Lester Morris,Joe A. Oppenheimer,Karol Edward So?tan

Although the study of politics dates to ancient Greece, the basic questions that interested those earliest political scientists still linger with us today: What are the origins of government? What should government do? What conditions foster effective governance? Rational choice theory offers a new means for developing correctable answers to these questions. This volume illustrates the promise of rational choice theory and demonstrates how theory can help us develop interesting, fresh conclusions about the fundamental processes of politics. Each of the books three sections begins with a pedagogical overview that is accessible to those with little knowledge of rational choice theory. The first group of essays then discusses various ways in which rational choice contributes to our understanding of the foundations of government. The second set focuses on the contributions of rational choice theory to institutional analysis. The final group demonstrates ways in which rational choice theory helps to understand the character of popular government.

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260

Publisher

Stanford University Press

Published Date

ISBN 10

0804745846

ISBN 13

9780804745840

Scarcity and Frontiers

How Economies Have Developed Through Natural Resource Exploitation

By: Edward B. Barbier

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Scarcity and Frontiers

How Economies Have Developed Through Natural Resource Exploitation

By: Edward B. Barbier

Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 years ago, this exploitation of new 'frontiers' has often proved to be a pivotal human response to natural resource scarcity. This book provides a fascinating account of the contribution that natural resource exploitation has made to economic development in key eras of world history. This not only fills an important gap in the literature on economic history but also shows how we can draw lessons from these past epochs for attaining sustainable economic development in the world today.

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Page Count

767

Publisher

Cambridge University Press

Published Date

ISBN 10

1139493469

ISBN 13

9781139493468

XIX International Symposium on Lepton and Photon Interactions at High Energies

Lepton-Photon 99 : Stanford, California, USA, August 9-14 1999

By: John Jaros,Michael Edward Peskin

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XIX International Symposium on Lepton and Photon Interactions at High Energies

Lepton-Photon 99 : Stanford, California, USA, August 9-14 1999

By: John Jaros,Michael Edward Peskin

Stanford University hosted the XIX International Symposium on Lepton and Photon Interactions at High Energies on August 9 - 14, 1999, at the Law School on the Stanford University Campus, the site of the previous Symposia. This volume constitutes the proceedings of the Symposium.

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Page Count

952

Publisher

World Scientific

Published Date

ISBN 10

9810241895

ISBN 13

9789810241896

Book's by Edward C. Prescott

Barriers to Riches

Barriers to Riches

Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 1

Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 1

Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2

Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2

Unintended Consequences

Unintended Consequences

Health Psychology

Health Psychology

Votes, Vetoes, and the Political Economy of International Trade Agreements

Votes, Vetoes, and the Political Economy of International Trade Agreements

Cities, Agglomeration, and Spatial Equilibrium

Cities, Agglomeration, and Spatial Equilibrium

Politics from Anarchy to Democracy

Politics from Anarchy to Democracy

Scarcity and Frontiers

Scarcity and Frontiers

XIX International Symposium on Lepton and Photon Interactions at High Energies

XIX International Symposium on Lepton and Photon Interactions at High Energies

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