Artificial economics

agent-based methods in finance, Game Theory anf their applications

Agent-based Computational Economics (ACE) is a new discipline of economics, largely grounded on concepts like evolution, auto- organisation and emergence: it intensively uses computer simulations as well as artificial intelligence, mostly based on multi-agents systems. The purpose of this book is to give an up-to ...

Nadie pierde

la teoría de juegos y la lógica del destino humano

Muchas personas, en particular los científicos, creen que cuanto más comprensible nos parece el universo, menos sentido le encontramos. Robert Wright no se cuenta entre ellos, pues la tesis de este libro apunta que tanto la evolución biológica como la historia humana siguen una dirección ...

Principles and methods of law and economics

enhancing normative analysis

This is an introductory book that targets the reader who has the ambition to apply economic analysis but may be missing a technical introduction to its mathematical techniques or seeks a structured elaboration of its philosophical principles. The book juxtaposes economic analysis with moral philosophy ...

The econometrics of macroeconomic modelling

Macroeconometric models, in many ways the flagships of the economist's profession in the 1960s, came under increasing attack from both theoretical economist and practitioners in the late 1970s. Critics referred to their lack of microeconomic theoretical foundations, ad hoc models of expectations, lack of ...

New paradigm in macroeconomics

solving the riddle of japanese macroeconomic performance

Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality. Economists are calling for a better reflection of the reality of imperfect information, the role of banks and credit markets, the mechanisms ...

Macroeconomics

economic growth, fluctuations, and policy

Over five editions, Macroeconomics has remained among the most popular intermediate texts in the field. The Sixth Edition incorporates the most current data and theory into the text#s signature single-model approach, clearly demonstrating the real-world applications of macroeconomic theory. Additionally, the Sixth Edition has ...

Modern macroeconomics

its origins, development and current state

More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern Macroeconomics. Thoroughly extended, revised and updated, it will become the indispensable text for students ...

Modern macroeconomics

its origins, development and current state

More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern Macroeconomics. Thoroughly extended, revised and updated, it will become the indispensable text for students ...

Economists' mathematical manual

This volume presents mathematical formulas and theorems commonly used in economics. It includes both formulas like Roy`s identity that are peculiar to economics and formulas like Leibniz's rule that are common to many areas of applied mathematics. The volume is meant to be ...

Lecciones básicas de economía

Con ánimo de dotar a los estudiantes de numerosas carreras que cuentan en sus planes de estudio con una asignatura de introducción a la economía, principios de economía o simplemente economía, se presenta este trabajo como fruto del esfuerzo y experiencia de sus autores. No ...

The price index and its extensions

a chapter in economic measurement

A theft amounting to £1 was a capital offence in 1260 and a judge in 1610 affirmed the law could not then be applied since £1 was no longer what it was. Such association of money with a date is well recognized for its importance ...

Collective bargaining and wage formation

performance and challenges

This volume considers the development of the wage formation and wage bargaining institutions as a response to changes in the bargaining environment. These changes include a lower level of inflation and the growth in intraindustrial trade as firms have become more specialised. The response to ...

Money and employment

a study of the theoretical implications of endogenous money

Money and Employment examines the analytical role of money within classical, neoclassical and Keynesian theories of output and employment. The book argues that an endogenously determined money supply is inconsistent with the essential structure of neoclassical economic theory but a necessary condition for a long ...

The economics of deflation

#Deflation may be one of the most daunting policy challenges facing policymakers today. What makes deflation particularly challenging is its multifaceted nature and its newness for the current generation of economists and policymakers. With his extensive knowledge of history and the current debate, Pierre Siklos ...

Minimum wages and poverty

an evaluation of policy alternatives

This research investigates the impact of three equal cost alternative labor market policies on the economic well-being of low-income families and society in general at the turn of the 21st century. The principal focus is on how changes in the minimum wage, Earned Income Tax ...

Ahead of the curve

a Commonsense guide to forecasting business and market cycles

Today's managers and investors are bombarded with so many conflicting economic reports and data that it seems impossible to know which way the market will turn until it's too late. Now, a thirty-five year "Wall Street" veteran enables managers and investors to stop ...

Development economics

from the poverty to the wealth of nations

This book provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and current development issues. It addresses one basic question: Why has a small set of countries achieved a high level of affluence while the majority remains poor and ...

Insurance against poverty

Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Informal insurance mechanisms provide some protection, but are weak in the face of major or recurring calamities. Most people cannot obtain formal insurance, and the lack ...

Regulation and development

In Regulation and Development Jean-Jacques Laffont provides the first theoretical analysis of regulation of public services for developing countries. He shows how the debate between price-cap regulation and cost of service regulation is affected by the characteristics of less developed countries (LDCs) and offers a ...

Environmental management and development

The continual degradation of the planet's environment is something that affects every person in every country, be it developed or developing. Statements and policies are made at international levels, but their effectiveness is questionable. Also, are techniques of environmental management (EM) used in the ...