Foundations of Real-World Economics: What Every Economics Student Needs to Know

ISBN-13: 9781032001722 / Angielski / Miękka / 2023 / 512 str.

Germany) Komlos John (University of Munich

Opis

Foundations of Real-World Economics demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. This edition explores the realities of oligopolies, the real impact of the minimum wage and other ways in which powerful institutions cause distortions in mainstream models

Spis treści

1. Welcome to Real-World Economics 2. The Evidence: Markets Are Neither Omniscient Nor Omnipotent 3. The Nature of Demand 4. Homo Oeconomicus Is Extinct: The Foundations of Behavioral Economics 5. Taste-Makers and Consumption 6. Oligopolies and Imperfect Competition 7. Returns to the Factors of Production 8. The Case for Oversight, Regulation, and Management of Markets 9. Microeconomic Applications On and Off the Blackboard 10. What Is Macroeconomics? 11. Macroeconomics Part II 12. Macroeconomics Part III 13. The Tsunami of Globalization 14. The Financial Crisis of 2008 15. Economists’ Mistakes Lead to Right-Wing Populism and an Insurrection 16. Hidden Racist Elements in Blackboard Economics 17. The Covid-19 Pandemic Exposed the Need for a Black-Swan-Robust Economy 18. Conclusion: Toward a Capitalism with a Human Face

O autorze

John Komlos is Professor Emeritus of Economics and of Economic History at the University of Munich, Germany. He has also taught at universities such as Harvard, Duke, UNC-Chapel Hill, the University of Vienna, and the Vienna School of Economics and Business. In 2003, Komlos founded the field of Economics & Human Biology with the journal of the same name, and through his research realized the limitations of conventional economic theory and has been an ardent advocate of humanistic economics.