Robert E. Lucas, Jr.'s Books

Collected Papers on Monetary Theory

By: Robert E. Lucas Jr.,Max Gillman

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Collected Papers on Monetary Theory

By: Robert E. Lucas Jr.,Max Gillman

Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Lucas’s contributions are both methodological and substantive. Methodologically, he developed dynamic, stochastic, general equilibrium models to analyze economic decision-makers operating through time in a complex, probabilistic environment. Substantively, he incorporated the quantity theory of money into these models and derived its implications for money growth, inflation, and interest rates in the long run. He also showed the different effects of anticipated and unanticipated changes in the stock of money on economic fluctuations, and helped to demonstrate that there was not a long-run trade-off between unemployment and inflation (the Phillips curve) that policy-makers could exploit. The twenty-one papers collected in this volume fall primarily into three categories: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. Published between 1972 and 2007, they will inspire students and researchers who want to study the work of a master of economic modeling and to advance economics as a pure and applied science.

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517

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Harvard University Press

Published Date

ISBN 10

0674071212

ISBN 13

9780674071216

How Real is the Federal Deficit?

By: Robert Eisner

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How Real is the Federal Deficit?

By: Robert Eisner

Eisner argues that the federal deficit as currently measured is inaccurate and misleading. When inflation is properly accounted for, he points out, a dramatically different picture of the deficit occurs. In light of these new deficit figures, Eisner challenges current eco nomic theory and interpretations of our recent past. He finds that the deficit has not been as large as recently measured and that efforts to reduce the deficit may do more harm than good. This book will spark serious debate among economists and policymakers. The clarity of its arguments and strength of its evidence are convincing. Strongly recommended for academic and large public libraries. Richard C. Schim ing, Economics Dept., Mankato State Univ., Minn. Copyright 1986 Reed Business Information, Inc.

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264

Publisher

Simon and Schuster

Published Date

ISBN 10

1439138591

ISBN 13

9781439138595

Economics, Economists and Expectations

From Microfoundations to Macroapplications

By: William Darity,Robert Leeson,Warren Young

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Economics, Economists and Expectations

From Microfoundations to Macroapplications

By: William Darity,Robert Leeson,Warren Young

The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the 'founding fathers' of the models themselves are also presented here for the first time. The authors trace the development of different approaches to expectations from the likes of Hayek, Morgenstern, and Coase right up to more modern theorists such as Friedman, Patinkin, Phelps and Lucas. The startling conclusion that there was no 'Rational Expectations Revolution' is articulated, supported and defended with impressive clarity and authority. A necessity for economists across the world, this book will deserve its place upon many an academic bookshelf.

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177

Publisher

Routledge

Published Date

ISBN 10

1134886241

ISBN 13

9781134886241

Lectures on Economic Growth

By: Robert E. Lucas

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Lectures on Economic Growth

By: Robert E. Lucas

In this book, Robert Lucas brings together several of his seminal papers on the subject, together with the Kuznets Lectures that he gave at Yale University, to present a coherent view of economic growth."--BOOK JACKET.

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220

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Harvard University Press

Published Date

ISBN 10

0674016017

ISBN 13

9780674016019

Recursive Methods in Economic Dynamics

By: Nancy L. Stokey,Robert E. Lucas Jr.

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Recursive Methods in Economic Dynamics

By: Nancy L. Stokey,Robert E. Lucas Jr.

Three eminent economists provide in this book a rigorous, self-contained treatment of modern economic dynamics. Nancy L. Stokey, Robert E. Lucas, Jr., and Edward C. Prescott develop the basic methods of recursive analysis and emphasize the many areas where they can usefully be applied. After presenting an overview of the recursive approach, the authors develop economic applications for deterministic dynamic programming and the stability theory of first-order difference equations. They then treat stochastic dynamic programming and the convergence theory of discrete-time Markov processes, illustrating each with additional economic applications. They also derive a strong law of large numbers for Markov processes. Finally, they present the two fundamental theorems of welfare economics and show how to apply the methods developed earlier to general equilibrium systems. The authors go on to apply their methods to many areas of economics. Models of firm and industry investment, household consumption behavior, long-run growth, capital accumulation, job search, job matching, inventory behavior, asset pricing, and money demand are among those they use to show how predictions can be made about individual and social behavior. Researchers and graduate students in many areas of economics, both theoretical and applied, will find this book essential.

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390

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Harvard University Press

Published Date

ISBN 10

0674735196

ISBN 13

9780674735194

Chronological History of the Robinson Family and their descendants

By: Robert Lorenzo Lockley

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Chronological History of the Robinson Family and their descendants

By: Robert Lorenzo Lockley

The information in this book was gathered from information in the census records, order books, wills, Vital Statics and deeds all available at the Virginia Library, Richmond, Va. and the King & Queen County, Va. Court, which provided the basis for this book about a family that lived in King & Queen County, Virginia at a time when being a person of Color came with many restrictions.

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513

Publisher

Xlibris Corporation

Published Date

ISBN 10

1503518086

ISBN 13

9781503518087

Land Use Controls

Cases and Materials

By: Robert C. Ellickson,Vicki L. Been,Roderick M. Hills,Christopher Serkin

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Land Use Controls

Cases and Materials

By: Robert C. Ellickson,Vicki L. Been,Roderick M. Hills,Christopher Serkin

Land Use Controls: Cases and Materials emphasizes an interdisciplinary approach that weaves historical, social, and economic causes and effects of legal doctrine. The casebook also brings out the functional relationships between formally unrelated routes of law—statutes, ordinances, constitutional doctrines, and common law—by focusing on their practical deployment, developers, neighbors, planners, politicians, and their empirical effects on outcomes like neighborhood quality, housing supply, racial segregation, and tax burdens. A thematic framework illuminates the connections among multiple topics under land law and gives attention to the factual and political context of the cases and aftermath of decisions. Dynamic pedagogy features original introductory text, cases, notes, excerpts from law review articles, and visual aids (maps, charts, graphs) throughout. New to the Fifth Edition: A focus on affordability and the new conflicts over urban zoning A fully updated treatment of local administrative law Recent constitutional rulings, including up-to-date Supreme Court decisions on exactions and regulatory takings Thoroughly updated notes, with recent cases, law review literature, and empirical studies Professors and students will benefit from: Distinguished authorship by respected scholars and professors with a range of expertise An interdisciplinary approach combining historical, social, political, and economic perspectives and offering dynamic opportunities for analysis along with broad legal coverage Concise but comprehensive treatment of the legal issues in private and public regulation of land development, including environmental justice, building codes and subdivision regulations, and the federal role in urban development A thematic framework illuminating connections among multiple discrete topics under land law and the factual and political context of cases and aftermath of decisions Excellent coverage and dynamic pedagogy

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Page Count

922

Publisher

Aspen Publishing

Published Date

ISBN 10

1454897937

ISBN 13

9781454897934

Financial Deepening, Inequality, and Growth

A Model-Based Quantitative Evaluation

By: Robert M. Townsend,Mr.Kenichi Ueda

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Financial Deepening, Inequality, and Growth

A Model-Based Quantitative Evaluation

By: Robert M. Townsend,Mr.Kenichi Ueda

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.

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International Monetary Fund

Published Date

ISBN 10

145185983X

ISBN 13

9781451859836

The Taylor Rule and the Transformation of Monetary Policy

By: Robert Leeson,Evan F. Koenig,George A. Kahn

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The Taylor Rule and the Transformation of Monetary Policy

By: Robert Leeson,Evan F. Koenig,George A. Kahn

A contributors' "who's who" from the academic and policy communities explain and provide perspectives on John Taylor's revolutionary thinking about monetary policy. They explore some of the literature that Taylor inspired and help us understand how the new ways of thinking that he pioneered have influenced actual policy here and abroad.

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368

Publisher

Hoover Press

Published Date

ISBN 10

0817914064

ISBN 13

9780817914066

Macroeconomics

Private Markets and Public Choice

By: Robert B. Ekelund, Jr.

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Macroeconomics

Private Markets and Public Choice

By: Robert B. Ekelund, Jr.

Acclaimed for its lucid presentation of basic macroeconomic principles and rich array of real-world applications, the sixth edition of this classic text brings macroeconomics to life for students with its compelling public choice approach. The authors' focus stretches beyond the theories of how ideal markets work to the actual arena of political decision-making, interest group influence, and government policies.

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516

Publisher

Addison Wesley Publishing Company

Published Date

ISBN 10

0201680289

ISBN 13

9780201680287

The Federal Reserve

A New History

By: Robert L. Hetzel

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The Federal Reserve

A New History

By: Robert L. Hetzel

A new and critical history of one of America's most important institutions In The Federal Reserve System: A New History, Robert Hetzel draws on a 43-year career as an economist in the central bank to trace the influence of the Fed on the American economy. Hetzel compares period in which the Fed stabilized the economy and period in which it destabilized the the economy. He draws lessons about what monetary rule is stabilizing. Recast through this lens and enriched with archival materials, Hetzel's sweeping history offers new understanding of the bank's watershed moments since 1913. They include critical accounts of the Great Depression, the Great Inflation, and the Great Recession, all of which were avoidable. The Federal Reserve System: A New History arrives as a critical history for a critical moment. It promises to recast our understanding of the central bank in its second century"--

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707

Publisher

University of Chicago Press

Published Date

ISBN 10

022682165X

ISBN 13

9780226821658

The Great Recession

Market Failure Or Policy Failure?

By: Robert L. Hetzel

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The Great Recession

Market Failure Or Policy Failure?

By: Robert L. Hetzel

Argues that the 2008-9 recession needs to be understood as deriving from mistakes of central banks and regulators, not financial markets.

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401

Publisher

Cambridge University Press

Published Date

ISBN 10

1107011884

ISBN 13

9781107011885

The History of Economic Thought: A Concise Treatise for Business, Law, and Public Policy Volume II

After Keynes, Through the Great Recession and Beyond

By: Robert Ashford,Stefan J. Padfield

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The History of Economic Thought: A Concise Treatise for Business, Law, and Public Policy Volume II

After Keynes, Through the Great Recession and Beyond

By: Robert Ashford,Stefan J. Padfield

This two-volume concise treatise on the history of economic thought is accessibly written for readers interested in business, law, and public policy

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162

Publisher

Business Expert Press

Published Date

ISBN 10

1631576674

ISBN 13

9781631576676

Economic Growth, second edition

By: Robert J. Barro,Xavier I. Sala-I-Martin

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Economic Growth, second edition

By: Robert J. Barro,Xavier I. Sala-I-Martin

The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.

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676

Publisher

MIT Press

Published Date

ISBN 10

0262025531

ISBN 13

9780262025539

Modern Labor Economics

Theory and Public Policy

By: Ronald Ehrenberg,Robert Smith,Kevin Hallock

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Modern Labor Economics

Theory and Public Policy

By: Ronald Ehrenberg,Robert Smith,Kevin Hallock

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.

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783

Publisher

Taylor & Francis

Published Date

ISBN 10

1000397858

ISBN 13

9781000397857

Principles of Macro-economics

By: Robert H. Frank,Ben Bernanke

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Principles of Macro-economics

By: Robert H. Frank,Ben Bernanke

In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. Although recent editions of a few other texts have paid lip service to this new approach, Frank/Bernanke is by far the best thought out and best executed principles text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a well-articulated short list of core principles and reinforcing them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles to answer related questions, exercises, and problems. The text also encourages students to become Economic Naturalists, people who employ basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation. The Second Edition of Frank/Bernanke follows the successful First Edition with severalpedagogical improvements. Based on reviewer feedback, this edition offers (1) even more streamlined coverage of the cost-benefit approach in the introductory chapter; (2) exercises that are more closely tied to the examples; (3) expanded narrative explanations of important principles, making them more accessible to average students; and (4) expanded coverage of several key topics. The result is a revision that is motivating to students, an effective text for teaching, and an exciting first course in Economics.

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564

Publisher

Irwin/McGraw-Hill

Published Date

ISBN 10

007255410X

ISBN 13

9780072554106

Choice-Free Rationality

A Positive Theory of Political Behavior

By: Robert Grafstein

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Choice-Free Rationality

A Positive Theory of Political Behavior

By: Robert Grafstein

DIVOffers an alternative to the definition of 'rationality' for rational choice theory /div

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248

Publisher

University of Michigan Press

Published Date

ISBN 10

0472110543

ISBN 13

9780472110544

Monetary Policy in the 2008-2009 Recession

A Reprint from the "Economic Quarterly"

By: Robert L. Hetzel

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Monetary Policy in the 2008-2009 Recession

A Reprint from the "Economic Quarterly"

By: Robert L. Hetzel

The recession that began with a cyclical peak in Dec. 2007 originated in a combination of real shocks because of a fall in housing wealth and a fall in real income from an increase in energy prices. The most common explanation for the intensification of the recession that began in the late summer of 2008 is the propagation of these shocks through dysfunction in credit markets. The alternative explanation offered emphasizes propagation through contractionary monetary policy. The 1st explanation stresses the importance of credit-market interventions (credit policy). The 2nd emphasizes the importance of money creation (money-creation policy). "The System should always be engaged in a ruthless examination of its past record.

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DIANE Publishing

Published Date

ISBN 10

1437919502

ISBN 13

9781437919509

The World Almanac and Book of Facts 1998

By: Robert Famighetti

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The World Almanac and Book of Facts 1998

By: Robert Famighetti

This book includes the year in review, economy and business, computers, science and technology, noted personalities, sports, vital statistics, and more.

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982

Published Date

ISBN 10

0886878217

ISBN 13

9780886878214

Book's by Robert E. Lucas, Jr.

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