New Frontiers in Economics

ISBN-13: 9780521836869 / Angielski / Twarda / 2004 / 336 str.

Michael Szenberg; Lall Ramrattan; Paul Anthony Samuelson

Opis

Analyzing the new directions that subdisciplines of economics have taken in the face of modern economic challenges, these essays represent invention and discovery in the areas of information, macroeconomics and public policies, international trade and development, finance, business, contracts, law, gaming, and government. They offer not only a wealth of factual information on the current state of the economy, but also theoretical and empirical innovations that conceptualize reality and values in different ways from their predecessors.

Spis treści

Introduction; Part I. Informational, Behavioral Economics and Finance: 1. Information and the change in the paradigm in economics Joseph Stiglitz; 2. Behavioral economics Matthew Rabin; 3. Experiments with financial markets: implications for asset pricing theory Peter Bossaerts; 4. Understanding risk and return John Y. Campbell; Part II. Macroeconomics and Public Policies: 5. Whither macro? Perry Mehrling; 6. Recent developments in and future prospects for public economics James M. Poterba; Part III. International Trade and Development: 7. Economic theory and the interpretation of GATT/WTO Kyle Bagwell and Robert W. Staiger; 8. What's new in development economics Debraj Ray; Part IV. Contracts, Law, and Gaming: 9. Contract or war? On the consequences of a broader view of self-interest in economics Michelle Garfinkel and Sterio Skaperdas; 10. New directions in law and economics Alan Sykes.