The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
Is a career as a professor the right choice for you? If you are a graduate student, how can you clear the hurdles successfully and position yourself for academic employment? What's the best way to prepare for a job interview, and how can you maximize your chances of landing a job that suits you? What happens if you don't receive an offer? How does the tenure process work, and how do faculty members cope with the multiple and conflicting day-to-day demands? With a perpetually tight job market in the traditional academic fields, the road to an academic career for many aspiring scholars will often be a rocky and frustrating one. Where can they turn for good, frank answers to their questions? Here, three distinguished scholars—with more than 75 years of combined experience—talk openly about what's good and what's not so good about academia, as a place to work and a way of life. Written as an informal conversation among colleagues, the book is packed with inside information—about finding a mentor, avoiding pitfalls when writing a dissertation, negotiating the job listings, and much more. The three authors' distinctive opinions and strategies offer the reader multiple perspectives on typical problems. With rare candor and insight, they talk about such tough issues as departmental politics, dual-career marriages, and sexual harassment. Rounding out the discussion are short essays that offer the "inside track" on financing graduate education, publishing the first book, and leaving academia for the corporate world. This helpful guide is for anyone who has ever wondered what the fascinating and challenging world of academia might hold in store. Part I - Becoming a Scholar * Deciding on an Academic Career * Entering Graduate School * The Mentor * Writing a Dissertation * Landing an Academic Job Part II - The Academic Profession * The Life of the Assistant Professor * Teaching and Research * Tenure * Competition in the University System and Outside Offers * The Personal Side of Academic Life
John Komlos examines the industrial expansion of Austria from a fresh viewpoint and develops a new model for the industrial revolution. By integrating recent advances in the study of human biology and nutrition as they relate to physical stature, population growth, and levels of economic development, he reveals an intense Malthusian crisis in the Habsburg lands during the second half of the eighteenth century. At that time food shortages brought about by the accelerated population growth of the 1730s forced the government to adopt a reform program that opened the way for the beginning of the industrial revolution in Austria and in the Czech Crownlands. Comparing this "Austrian model" of economic growth to the industrial revolution in Britain, Komlos argues that the model is general enough to explain demographic and economic growth elsewhere in Europe--despite obvious regional differences. The main feature of the model is the interplay between a persistent, even if small, tendency to accumulate capital and a population with an underlying tendency to grow in numbers while remaining subject to Malthusian checks, particularly a limited availability of food. According to Komlos, modern economic growth in Europe began when the food constraint was finally lifted. Originally published in 1989. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
This brief emphasizes the ways in which introductory economics textbooks incorrectly rely on assumptions about the free market, the rational agent model, market fundamentalism, and standard long-standing assumptions in economics, and in doing so disregard the effects of incomplete and asymmetric information on choice and on allocation, and maintain a general but flawed belief that competitive markets can always provide efficient solutions automatically. In other words, the standard economics principles textbook is anachronistic, they assume that tastes are exogenous, they overlook interdependencies and externalities not only in production but in consumption of goods, and they overlook the fact that path-dependence is a major hindrance to optimization. Mainstream principles of economics textbooks distort our worldview with immense political and cultural consequences. Students of these principles deserve a more complete perspective, and this brief critiques that conventional worldview and provides an alternative perspective, with an emphasis on free-market economics wherein the human element should be paramount and moral judgments should override market outcomes. In other words, what is important is not GNP as much as the quality of life, not institutions but how people live and fare in them. This brief argues that economics cannot be a science; it has too many ideological aspects, and in many ways conventional textbooks are not providing a true-to-life depiction of the economy. This Brief will be a reference or supplemental text for college and university students enrolled in such applied undergraduate and graduate courses and seminars in economics and economic theory.
Inhalt: Part I: The Americas, Asia and Australia: Mit Beitr�gen von: Stephen L. Morgan; Stephen Nicholas / Robert Gregory / Sue Kimberley; Henk-Jan Brinkman / J.W. Drukker; Ricardo Salvatore / J�rg Baten; Ricardo D. Salvatore; Insong Gill; Richard H. Steckel / Paul W. Sciulli / Jerome C. Rose; Michael R. Haines; Philip R. P. Coelho / Robert A. McGuire; Lee A. Craig / Thomas Weiss; Timothy Cuff; John Komlos; Brian A'Hearn; Barry Bogin / Ryan Keep; Markus Heintel; W. Peter Ward Part II: Europe: Mit Beitr�gen von: Edwin Horlings / Jan-Pieter Smits; Jos� M. Martinez Carri�n / Juan J. Perez Castej�n; Gloria Quiroga Valle; Sebasti�n Coll; Lydia Sapounaki-Dracaki; Bernard Harris; Markus Heintel / Lars G. Sandberg / Richard H. Steckel; Joaquim da Costa Leite; Jesper L. Boldsen / Jes S�gaard; Holle Greil; Sally Horrocks / David Smith; Philip T. Hoffman - Joerg Baten / John Komlos: Conclusion "Die mit umfangreichen Literaturverweisen bereicherten Beitr�ge bieten ueberraschend konkrete Einblicke in die Sozialstruktur der verschiedensten Bev�lkerungsgruppen und ihre Lebensbedingungen." Das Historisch-Politische Buch .
The effort of anthropometric historians to unearth the broad patterns of human biological well-being has led to the examination of nearly forgotten, centuries-old records from dusty archives in practically all the continents of the globe. French historians in the Annales tradition were among the first to adopt methods from physical anthropology and from the biological sciences, but the real expansion of the field dates from the pathbreaking work of Richard Steckel and Robert Fogel, which launched the discipline of anthropometric history on American soil Research has confirmed that physical stature is related to nutritional status and therefore to real family income, and thus to the general standard of living. Historians and development economists will find this line of research useful, as it informs us about the standard of living of members of society for whom data on wages are seldom available—women, children, aristocrats, farmers, and slaves. In addition, this research has shown that the biological standard of living may diverge from conventional indicators of welfare during the early stages of industrialization. Thus, per capita income is an ambiguous measure of welfare during some phases of growth, and it must be supplemented with data from other indicators, such as physical stature. The essays in this volume broaden our knowledge of the human effects of the momentous economic changes of the last two centuries, extending analysis to regions for which such information has been lacking, including Russia, Canada, Indonesia, Italy, and Spain.
This book explores the economic impact of two major mid-nineteenth century reforms: the formation of the customs union between Austria and Hungary and the emancipation of the peasantry. Originally published in 1983. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
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