William A. Brock's Books

Black Hole Tariffs and Endogenous Policy Theory

Political Economy in General Equilibrium

By: Stephen P. Magee,William A. Brock,Leslie Young

Write a review Read reviews Take a Quiz Solve Book Puzzle

Black Hole Tariffs and Endogenous Policy Theory

Political Economy in General Equilibrium

By: Stephen P. Magee,William A. Brock,Leslie Young

An example of special interest protection is provided by this study's general equilibrium theory that explains income distribution with goods markets, factor markets, lobbies, political parties and voters all pursuing their self interests.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

466

Publisher

Cambridge University Press

Published Date

ISBN 10

0521377005

ISBN 13

9780521377003

Growth Theory, Nonlinear Dynamics, and Economic Modelling

Scientific Essays of William Allen Brock

By: William A. Brock

Write a review Read reviews Take a Quiz Solve Book Puzzle

Growth Theory, Nonlinear Dynamics, and Economic Modelling

Scientific Essays of William Allen Brock

By: William A. Brock

Buz Brock's contribution to economic theory in general and economic dynamics in particular are characterized by an unmatched richness of ideas and by deep theoretical, empirical as well as computational analysis. Brock's contribution to economic dynamics range from one extreme of the field, global stability of stochastic optimal growth models, to another extreme, market instability and nonlinearity in economic and financial modelling and data analysis. But his work also includes environmental and economic policy issues and, more recently, the modelling of markets as complex adaptive systems. This collection of essays reflects Brock's richness of ideas that have motivated economists for more than three decades already and will continue to influence many economists for the next decades to come.' - Cars H. Hommes, University of Amsterdam, The Netherlands 'Buz Brock has been, from the beginning of his career, one of the most original thinkers in dynamic economics. His early work showed that growth with random elements could be studied effectively and above all posed exactly the right questions. His more recent work has brought complexity theory to the fore and shown its implications for financial and other markets. In the process, he has both introduced and used econometric tools to show the relevance of his work to empirically observed phenomena. It is very useful to have his work in collected form.' - Kenneth J. Arrow, Stanford University, US This outstanding collection of William Brock's essays illustrates the power of dynamic modelling to shed light on the forces for stability and instability in economic systems. The articles selected reflect his best work and are indicative both of the type of policy problem that he finds challenging and the complex methodology that he uses to solve them. Also included is an introduction by Brock to his own work, which helps tie together the main aspects of his research to date.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

488

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

178254304X

ISBN 13

9781782543046

Nonlinear Dynamics, Chaos, and Instability

Statistical Theory and Economic Evidence

By: William A. Brock,David Arthur Hsieh,Blake Dean LeBaron

Write a review Read reviews Take a Quiz Solve Book Puzzle

Nonlinear Dynamics, Chaos, and Instability

Statistical Theory and Economic Evidence

By: William A. Brock,David Arthur Hsieh,Blake Dean LeBaron

Brock, Hsieh, and LeBaron show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and nonlinearity in foreign exchange.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

362

Publisher

MIT Press

Published Date

ISBN 10

0262023296

ISBN 13

9780262023290

The Importance of Small Decisions

By: Michael J. O'Brien,R. Alexander Bentley,William A. Brock

Write a review Read reviews Take a Quiz Solve Book Puzzle

The Importance of Small Decisions

By: Michael J. O'Brien,R. Alexander Bentley,William A. Brock

How people make decisions in an era of too much information and fake news. Humans originally evolved in a world of few choices. Prehistoric, preindustrial, and predigital eras required fewer decisions than today's all-access, always-on world of too much information. Economists have largely discarded the idea that agents act rationally and the market follows suit. It seems that no matter how small or innocuous a decision might seem, there's almost no way to guess the effect it might have. The authors of The Importance of Small Decisions view decisions and their outcomes from a different perspective: as key elements in the evolution of culture. In this trailblazing book, they examine different kinds of decisions and map the outcomes, both short- and long-term. Drawing on this, they introduce a map of social behavior that captures the essential elements of human decision-making. The authors look at the New England Patriots' decision in 2000 to draft an underachieving college quarterback named Tom Brady; they consider Warren Buffett's investment strategy; and they chart the “dancing landscape” of a college applicant's decision-making environment. Finally, they show that decisions can be ranked according to transparency of choice and social influence. When fake news seems indistinguishable from real news and when the internet offers a cacophony of voices, they warn, we can't afford to crowdsource our decisions.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

161

Publisher

MIT Press

Published Date

ISBN 10

0262352540

ISBN 13

9780262352543

Book's by William A. Brock

Black Hole Tariffs and Endogenous Policy Theory

Black Hole Tariffs and Endogenous Policy Theory

Growth Theory, Nonlinear Dynamics, and Economic Modelling

Growth Theory, Nonlinear Dynamics, and Economic Modelling

Nonlinear Dynamics, Chaos, and Instability

Nonlinear Dynamics, Chaos, and Instability

The Importance of Small Decisions

The Importance of Small Decisions

Username

Password

Username

Password

Password again

Birthday

Email