In the memorable words of Ragnar Frisch, econometrics is a unification of the theoretical quantitative and the empirical quantitative approach to economic problems . Beginning to take shape in the 1930s and 1940s, econometrics is now recognized as a vital subdiscipline supported by a vast and still rapidly growing body of literature.

Following the positive reception of "The Rise of Econometrics" (2013) (978-0-415-61678-2), Routledge now announces a new collection in its Critical Concepts in Economics series. Edited by the author of the field s leading textbook, "Panel Data Econometrics"...

The economic principles that underpin international trade, and the many associated issues and controversies that this evergreen topic generates, are dizzying in their complexity. Now, to help advanced students and researchers make sense of an enormous and growing corpus of scholarship, Routledge announces "International Trade," a new addition to its acclaimed Critical Concepts in Economics series. Edited by Bharat Hazari and Yin Wong Cheung, this four-volume set is a mini library that brings together the foundational and the very best cutting-edge research.

Furnished with a...

Fritz Machlup (1902 83), the Austrian-American economist, is recognized as one of the first scholars to examine knowledge as an economic resource and, for more than half a century, many other economists and management theorists have also argued that economic growth is or soon will be dependent on the effective acquisition, transmission, and application of information and ideas.

As serious scholarly work on and around the knowledge economy continues to flourish, this new four-volume collection from Routledge s Critical Concepts in Economics series meets the need for an authoritative,...

Those toiling in the field of social economics seek to explain how the economy and social justice relate, and what this implies for economic theory and policy. Their invigorating scholarly output ranges from conceptual work on aligning economic institutions and policies with given ethical principles, to theoretical representations of individual behaviour that allow for both self-interested and pro-social motives, and to original empirical work on persistent social issues such as poverty, inequality, and unfair discrimination.

Social economics is a well-established and flourishing area...

Proponents of nudge theory argue that, because of our human susceptibility to an array of biases, we often make subprime choices and decisions that make us poorer, less healthy, and more miserable than we might otherwise be. However, using behavioural economics and insights from other disciplines they suggest that apparently small and subtle solutions (or nudges ) can lead to disproportionately beneficial outcomes without unduly restricting our freedom of choice. Indeed, the apparently virtuous and cost-effective possibilities of nudge theory has led to its enthusiastic adoption by...