Roger E.A. Farmer's Books

How the Economy Works

Confidence, Crashes and Self-Fulfilling Prophecies

By: Roger E. A. Farmer

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How the Economy Works

Confidence, Crashes and Self-Fulfilling Prophecies

By: Roger E. A. Farmer

Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his school gave way to a resurgence of classical economics in the 1970s-a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave-how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning. Recent events have shown that we cannot afford to treat economics as an ivory-tower abstraction. It has a direct impact on our lives by guiding regulators and policymakers as they make decisions with far-reaching practical consequences. Written in clear, accessible language, How the Economy Works makes an argument that no one should ignore.

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Page Count

209

Publisher

Oxford University Press

Published Date

ISBN 10

0199756376

ISBN 13

9780199756377

Prosperity for All

How to Prevent Financial Crises

By: Roger E. A. Farmer

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Prosperity for All

How to Prevent Financial Crises

By: Roger E. A. Farmer

In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. Written in clear, accessible language by prominent macroeconomic theorist Roger E. A. Farmer, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.

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Page Count

297

Publisher

Oxford University Press

Published Date

ISBN 10

0190621435

ISBN 13

9780190621438

A Requiem for the Fiscal Theory of the Price Level

By: Mr.Roger Farmer,Pawel Zabczyk

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A Requiem for the Fiscal Theory of the Price Level

By: Mr.Roger Farmer,Pawel Zabczyk

The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The models where this claim has been established assume that all decisions are made by an infinitely-lived representative agent. We present an alternative, arguably more realistic model, populated by sixty-two generations of people. We calibrate our model to an income profile from U.S. data and we show that the FTPL breaks down. In our model, the price level and the real interest rate are indeterminate, even when monetary and fiscal policy are both active. Our findings challenge established views about what constitutes a good combination of fiscal and monetary policies.

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International Monetary Fund

Published Date

ISBN 10

1513517341

ISBN 13

9781513517346

The Near-Surface Layer of the Ocean

Structure, Dynamics and Applications

By: Alexander Soloviev,Roger Lukas

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The Near-Surface Layer of the Ocean

Structure, Dynamics and Applications

By: Alexander Soloviev,Roger Lukas

The rationale for publishing a second edition of this monograph is that this area of research continues to show remarkable advancement. The new generation of synthetic aperture radar satellites has provided unprecedented spatial resolution of sea surface features. In addition, satellites to measure sea surface salinity have been launched. Computational fluid dynamics models open new opportunities in understanding the processes in the near-surface layer of the ocean and their visibility from space. Passive acoustic methods for monitoring short surface waves have significantly progressed. Of importance for climate research, processes in the near-surface layer of the ocean contribute to errors in satellite estimates of sea surface temperature trends. Due to growing applications of near-surface science, it is anticipated that more students will be trained in this area of research. Therefore this second edition of the monograph is closer to a textbook format.

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Page Count

575

Publisher

Springer Science & Business Media

Published Date

ISBN 10

9400776217

ISBN 13

9789400776210

How the Economy Works

Confidence, Crashes and Self-Fulfilling Prophecies

By: Roger E. A. Farmer

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How the Economy Works

Confidence, Crashes and Self-Fulfilling Prophecies

By: Roger E. A. Farmer

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209

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Oxford University Press

Published Date

ISBN 10

0199756376

ISBN 13

9780199756377

The Macroeconomics of Self-fulfilling Prophecies

By: Roger E. A. Farmer

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The Macroeconomics of Self-fulfilling Prophecies

By: Roger E. A. Farmer

Farmer argues for the future of macroeconomics as a branch ofapplied general equilibrium theory. His main theme is thatmacroeconomics is best viewed as the study of equilibrium environmentsin which the welfare theorems break down.

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Page Count

330

Publisher

MIT Press

Published Date

ISBN 10

0262062038

ISBN 13

9780262062039

Expectations, Employment and Prices

By: Roger Farmer

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Expectations, Employment and Prices

By: Roger Farmer

Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment can persist. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money.

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Page Count

206

Publisher

Oxford University Press

Published Date

ISBN 10

0195397908

ISBN 13

9780195397901

The Trinity Matrix 2008

Your Interactive Guide to the Other Reality

By: Roger A. Turner

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The Trinity Matrix 2008

Your Interactive Guide to the Other Reality

By: Roger A. Turner

Since the beginning of Human history, stories have been told to pass down the memories and experiences of ancestors long gone into the past. Forces ambitious for control have manipulated these stories, myths and legends to make an illusion that hides the truth about the state of humankind. Maintaining this illusion keeps people in a passive state of domestic toil, in a state of subservience and easily managed by the empires of power that control this world. The Trinity Matrix 2008 untangles the web of stories and exposes a basic pattern that shows that our reality is based on a matrix of trinities and deceptions. This little book is full of surprises, a treasure chest of little known facts and myths with plenty of leads to keep you thinking about whether or not you believe the illusion. Is this fact; is this fiction or the next step in your evolution?

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Page Count

169

Publisher

Trafford Publishing

Published Date

ISBN 10

1426940432

ISBN 13

9781426940439

Expectations, Employment and Prices

By: Roger Farmer

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Expectations, Employment and Prices

By: Roger Farmer

Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. Roger Farmer directly addresses this issue and offers new creative monetary policy proposals and suggestions for the design of new financial institutions for the 21st century.

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Page Count

264

Publisher

Oxford University Press

Published Date

ISBN 10

0199889643

ISBN 13

9780199889648

Prosperity for All

How to Prevent Financial Crises

By: Roger E. A. Farmer

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Prosperity for All

How to Prevent Financial Crises

By: Roger E. A. Farmer

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Page Count

297

Publisher

Oxford University Press

Published Date

ISBN 10

0190621435

ISBN 13

9780190621438

New Ideas for Science Fair Projects

By: Roger Williams Sawyer,Robert Allen Farmer,Robert Allens Farmer

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New Ideas for Science Fair Projects

By: Roger Williams Sawyer,Robert Allen Farmer,Robert Allens Farmer

Every aspect of science fair activity is fully explained and explored ..." (Book jacket). Includes a section in which 22 former winners of national fairs describe their projects.

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Page Count

168

Published Date

ISBN 10

0668015381

ISBN 13

9780668015387

Fabulous Farmer

The Story of Walter Knott and His Berry Farm

By: Roger Holmes,Paul Bailey

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Fabulous Farmer

The Story of Walter Knott and His Berry Farm

By: Roger Holmes,Paul Bailey

TWENTY MILLION people have walked the acres of Knott’s Berry Farm at Buena Park, California. Its chicken dinners, its wild west atmosphere, its “Ghost Town,” are familiarly known to travellers from every part of the world. Less known, perhaps, is the remarkable story of Walter Knott and his family, who have built their strange enterprise into one of the wonder of the west. Here is the story of how a once penniless sharecropper parlayed ten acres of berries into a farm of golden wonders. How a chicken dinner became a national institution, ad how boysenberries, both in an out of pies, became the means of assembling on hundred acres of historical marvels that have delighted and amused the Farm’s millions of visitors. FABULOUS FARMER is the tale of how one man turned poverty and adversity into dazzling success. It is a story of free American enterprise with odd and new twists. It is an inspiring, human recital of a family whose teamwork, thrift and industry fought through every hardship and crisis until success was theirs. Through its candid, exciting pages breathes the same warmth and friendliness that is so deeply senses by every visitor to the Farm. FABULOUS FARMER is as typically American as Mrs. Knott’s berry pies and fried chicken. It is a joyful, rewarding book that builds courage and faith in its readers, and a book every American will want to read as tonic for his own fears, and antidote for anything that might water down his faith in the future and his belief in himself.

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Page Count

166

Publisher

Pickle Partners Publishing

Published Date

ISBN 10

1789123119

ISBN 13

9781789123111

Book's by Roger E.A. Farmer

How the Economy Works

How the Economy Works

Prosperity for All

Prosperity for All

A Requiem for the Fiscal Theory of the Price Level

A Requiem for the Fiscal Theory of the Price Level

The Near-Surface Layer of the Ocean

The Near-Surface Layer of the Ocean

How the Economy Works

How the Economy Works

The Macroeconomics of Self-fulfilling Prophecies

The Macroeconomics of Self-fulfilling Prophecies

Expectations, Employment and Prices

Expectations, Employment and Prices

The Trinity Matrix 2008

The Trinity Matrix 2008

Expectations, Employment and Prices

Expectations, Employment and Prices

Prosperity for All

Prosperity for All

New Ideas for Science Fair Projects

New Ideas for Science Fair Projects

Fabulous Farmer

Fabulous Farmer

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