Book Description
Deaton analyses household survey data from developing countries, and illustrates how such data can be used to cast light on a range of short-term and long-term policy issues. Using data from several countries including Cote d'Ivoire, India, Pakistan, Taiwan, and Thailand, he examines the design and content of household surveys and explores the econometric issues for survey data.
Customer Reviews:
A masterpiece.......2004-03-31
This book is a masterpiece. In practice, it deserves to become the "Holy Bible" of Microeconometrics applied to (but not only to) Development Economics. It is beautifully written by an amazingly knowledgeble economist, who has actually worked for years (and still does) on most of the issues this book deals with. It is no easy reading, and it would be worth spending a day for every single page, but it's excellent even if you don't want to go through the details, and you just need an intuition about the issues covered. The first chapter introduces the reader to many important aspects of the contruction and use of household surveys. The second chapter masterfully reviews many concepts of applied econometrics. Chapter 3 is about poverty and inequality measurement. Chapter 4 is about "Nutrition, children, and intrahousehold allocation", Chapter 5 deals with prices and tax reforms, and Chapter 6 with saving and consumption smoothing. The book also contains many useful Stata codes the author wrote and used for his many papers. Again, this is not a trivial reading, but if you are interested in applied economics you will find reading this book extremely rewarding, and often almost entertaining, because Deaton is one of the very few economists around able to write about technical stuff in a brilliant and intuitive way.
Misadventure.......2001-11-15
It is a great book, and I would have not canceled the order if you would have shipped as your website said it would.
Deaton is the man !.......2000-03-22
This is an excelent manual for anyone interested in studying consumption or welfare in developing countries. Profesor Deaton is certainly one of the experts in the field. His book is well written and flows easily from theory to practice. Really enjoy it !
Book Description
In the classic bestseller, Capitalism and Freedom, Milton Friedman presents his view of the proper role of competitive capitalism—the organization of economic activity through private enterprise operating in a free market—as both a device for achieving economic freedom and a necessary condition for political freedom. Beginning with a discussion of principles of a liberal society, Friedman applies them to such constantly pressing problems as monetary policy, discrimination, education, income distribution, welfare, and poverty.
"Milton Friedman is one of the nation's outstanding economists, distinguished for remarkable analytical powers and technical virtuosity. He is unfailingly enlightening, independent, courageous, penetrating, and above all, stimulating."-Henry Hazlitt, Newsweek
"It is a rare professor who greatly alters the thinking of his professional colleagues. It's an even rarer one who helps transform the world. Friedman has done both."-Stephen Chapman, Chicago Tribune
Customer Reviews:
The Godfather of the Libertarian Movement.......2007-09-17
An absolute classic work in the areas of Laissez Faire economics and libertarianism. While not everyone in the libertarian movement idolizes Dr. Friedman, his work was written in such a clear and accessible way that it introduced classical liberalism to a generation of people in the 1960's, who were big government Keynesians. Friedman fought for individual liberty, and while he wasn't an anarcho-capitalist by any means and sometimes uses government to solve problems, he is still the godfather of the libertarian movement and the libertarian movement would not be where it is today without Dr. Friedman.
The Hobo Philosopher.......2007-09-14
I hate to be so outspoken on a review of a book. But I find this gentleman elemental, childish and silly. On top of all of that I do not believe that he is entirely sincere. This man was a statistician and "accountant" not a theoretician. He actually won the Nobel Prize. This I find very hard to believe. I have not given up on him though. But I have yet to find anything that he has written that I can get past the introduction. The more I read of what he has to say the worse it gets.
More Capitalist Rhetoric.......2007-08-07
Clearly he overlooks the basic concepts of political economy in an effort to advocate for capitalist societies. Moreover, he fails to confront the basic questions of inequality which is characteristic in capitalist societies.
Friedman asserts that communism and socialism are mere tools of totalitarian regimes as if he's even attempted to study marx. This book is extremely lopsided and narrow in its praise for a system that has accounted for much pain in the world.
If your looking for a balanced intellectual perspective, look else where. However, I will recommend this book after gaining a true foundation on the study of political economy; try Adam Smith, Karl Marx, John Locke, James Mill, Keynes, Proudhon, Ricardo, Owen, Engels, etc.
Like him or not - important to know.......2007-07-26
Overview / Review: Milton Friedman, like him or hate him, is an essential economic theorist to tackle if one is interested in that field or in theories of economic justice. Having a progressive bias, I disagree strongly with many Friedman's theories. Having said that, for anyone interested in getting the essentials of his "liberal" (used in the older, more classic sense) economic views would do well to read this book. Friedman is opposed to state intervention in individual freedom, so many see Friedman as a modern counterpart to Adam Smith. Friedman advocates a free-market economy, with minimal taxation and government interference, because he believes the free market approach assures the greatest measure of freedom, justice, and overall affluence. Many modern conservatives have echoed the arguments he makes herein.
Friedman is actually convincing in his review on a few counts - the abuse of licensure, the problems of tax loopholes, and the fact that there are frequent shortcomings of the well-intended social welfare state. Having said that, however, Friedman does seem unduly biased in favor of a society so individualistic it is therefore almost atomistic, with little to no social cohesion. Some of his arguments are more assertions and claims than full-blown arguments, and one wishes he had addressed major issues in more detail (perhaps he does elsewhere). The book's virtue is that it is brief, but its weakness is also that its arguments are often too brief, and too compact. Karl Marx for example, has many faults in his theory that can be found, but Friedman too casually blows off Marx in about one page of analysis (Chapter 10, p. 167-8). Friedman's argument for a very limited government, and against socialism/communism, would have been more convincing if he had devoted a full chapter to Marx for one, and more attention to other matters of social justice, inequality, and oppression.
In a nutshell: this book encapsulates Friedman's "liberal" or laissez-faire approach to a wide range of issues on economics, government, and capitalism. The free individual is given utmost importance, and government that governs best is that which governs (or interferes) least in his Friedman's view. Not convincing from the standpoint of those interested in progressive social justice (Niebuhr's views on selfishness and power are more cogent), but essential to read and analyze if one is interested in economics and ethics.
Brilliant.......2007-07-05
Friedman was America's preeminent economists that explained the connection between Political and Economic freedom without the signature econo-techno-babble that is the vernacular of lesser economists. This book should be REQUIRED reading for all high school, or at the very least, college students. I enjoyed it immensely and will be wary of "too many dollars chasing too few goods"!
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Environmental Assessment in Developing & Transitional Countries - Principles, Methods & Practice
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Environmental Impact Assessment: A Practical Guide
ASIN: 0471985570 |
Book Description
Since the 1980s, and especially since the Rio Earth Summit in 1992, there has been a substantial extension in the adoption and use of Environmental Assessment (EA) procedures in developing countries and countries in transition (low and middle income countries). However, few existing texts in environmental assessment or development studies have reflected this trend sufficiently, until this publication.
Divided into two main parts:
- EA Principles, Processes and Practice.
- Country and Institutional Studies of EA Procedures and Practice.
This book explains the essentials of environmental impact association in the context of developing countries and assesses its importance to both developed and developing countries.
Book Description
This is one of the first books to provide a textbook exposition of the literature on how to measure accurately the 'effects' of a 'treatment,' such as a drug, educational program, or tax regime, on a response variable like an illness, GPA, or income. The book focuses on non-experimental,
micro-economic estimation.
Amazon.com
Everything For Sale is an erudite reprieve from the deluge of books written in praise of free markets. Robert Kuttner fires back with a book that documents relevant, real-world examples of market failure and makes the case for intelligent intervention to attain more desirable outcomes. His exhaustive litany of successful (some, even cherished) government interventions in the market--from National Public Radio to the Internet--creates a persuasive case for a mixed program of political and market-based approaches in the shaping of public policy. When Kuttner pushes his argument for a culture with less commercial emphasis, his preferences exhibit an anti-market bias. But overall, his argument is clear and compelling, exposing blind adherence to market outcomes as largely arbitrary, ideological, and often, an affront to democracy. Academic economists who ignore the political desires of the people in order to protect the purity of their mathematical models draw Kuttner's fire in particular. He writes about ideas and economic details with great verve and ability. Kuttner's book is certain to be a touchstone of debate, if not reform, among public policy makers.
Book Description
In this highly acclaimed, provocative book, Robert Kuttner disputes the laissez-faire direction of both economic theory and practice that has been gaining in prominence since the mid-1970s. Dissenting voices, Kuttner argues, have been drowned out by a stream of circular arguments and complex mathematical models that ignore real-world conditions and disregard values that can't easily be turned into commodities. With its brilliant explanation of how some sectors of the economy require a blend of market, regulation, and social outlay, and a new preface addressing the current global economic crisis, Kuttner's study will play an important role in policy-making for the twenty-first century.
"The best survey of the limits of free markets that we have. . . . A much needed plea for pragmatism: Take from free markets what is good and do not hesitate to recognize what is bad."—Jeff Madrick, Los Angeles Times
"It ought to be compulsory reading for all politicians—fortunately for them and us, it is an elegant read."—The Economist
"Demonstrating an impressive mastery of a vast range of material, Mr. Kuttner lays out the case for the market's insufficiency in field after field: employment, medicine, banking, securities, telecommunications, electric power."—Nicholas Lemann, New York Times Book Review
"A powerful empirical broadside. One by one, he lays on cases where governments have outdone markets, or at least performed well."—Michael Hirsh, Newsweek
"To understand the economic policy debates that will take place in the next few years, you can't do better than to read this book."—Suzanne Garment, Washington Post Book World
Customer Reviews:
Excellent Explanation of Market Impefections and How to Resolve Them.......2007-07-28
The marketplace has it advantages, yet it is unable to be perfect. It is foolhardy to believe that all economic solutions will eventually emerge from the marketplace and with just market corrections. Robert Kuttner explains where market imperfections exist and how to correct them.
Unions are presented as a positive economic force, as the organization of employees and prevention of employer abuses is shown to raise productivity. Often these productivity increases surpass their bargained wage increases. Employers resist unions, even with they are advantageous to them, because they don't wish to share concede managerial powers. Plus, increased wages are sometimes paid by with reduced profits. Yetl, the overall effect of unionization has created a better wage distribution that helps the overall economy.
The growing service economy is less unionized. In part, this is the fault of unions who expelled their more radical members, who were in fact their best organizers. The resulting lower wages of service employment in general is contributing to an increase in national wage disparity that is creating economic imperfections.
Robert Kuttner calls for greater civil vitality and government actions designed to work as allies with the market in strengthening the economy. Failing to do so, we will continue to experience such market imperfections as in wage and wealth disparities and a poor allocation of health care services. The health care system lacks free market competition, fails to provide perfect information to consumer, and consumers have little mobility to choose their health care providers even if they had better information.
The economy is one where people do not always act rationally or with stable economic optimization strategies, as a free market requires. There are forces in financial markets and businesses that often seek to take unfair advantage of market systems, which further diminishes the ability of the market to operate efficiently. There is a need for government regulation of the market, unions, fair trade with common international standards, and policies such as strong education systems and social support systems to keep the economic system operating as well as it can. The book is an excellent explanation of the true workings of our economic system.
well argued and well documented critique of "free market" religion.......2007-07-21
Kuttner is not a "leftist", he's pro-capitalist. But he is aware of the destructive consequences of laissez faire policy.
The virtue of this book is that it discusses clearly in detail a wide variety of areas where market failures are rife. He shows how laissez faire market governance doesn't work for health care, or electric power, how it leads to greater oppression and inequality for workers. He gives many concrete examples from the real world that falsify the theoretical assumptions of "neo-classical" (laissez faire) economic theory. He shows how the assumptions laissez faire makes about people -- "we're all self-centered maximizers of our own self-regarding wants" -- are wrong, how humans are more complex in their actual motivations.
When a theory -- neo-classical economics in this case -- is held to despite its being falsified by reality over and over, it begins to take on the character of a religion. Since the explanation for its hold can't be its scientific credence -- in fact it's a pseudo-science -- we need some other explanation for its hold. The fact that it is an ideology that has been extremely beneficial to the rich and powerful seems the best explanation.
Kuttner is an old-fashioned liberal and a particularly intelligent one. His book is thus in part a defense of the liberal approach that wants to use state regulation of the economy and he provides various arguments to show how efficiency and other human benefits can be secured through government action.
Since capitalism has always depended on the state to support it, I don't think this is a different economy from capitalism, whereas Kuttner calls his proposal a "mixed economy". Kuttner thus doesn't consider any alternatives that would go beyond the hierarchies of the state and corporations or go beyond a society based on private appropriation of profit. However, Kuttner's evidence of endemic market failures can provide good ammo for those who have a more anti-capitalist viewpoint.
Democracy not for Sale: a Fair and Balanced View of Markets.......2006-11-06
Everything For Sale is a powerful response to the wave of ideologically motivated free market boosterism that passes itself off as works of sophisticated scholarship. Notice the subtitle: The Virtues and Limits of Markets. Kuttner does, in fact, praise markets for their strengths. He has little patience, however, for the abstract ideal of a pure market, which is as illusory as Kant's thing-in-itself. He asks that discussions of markets and regulations bearing upon markets account for the way things really work, with conclusions supported by actual case studies.
Instead what Kuttner finds is the scholarship of those questing for the grail of a pure market relies primarily on deductive reasoning, tautologies, abstract models and unlikely presuppositions (the rational maximizer, for example), rather than sound historical analysis. Of course, it is easy to cherry pick regulatory failures, but ideologues that ignore or misrepresent counter examples of regulatory necessity and success disserve the cause of democracy -- they see only the virtues, not the limits of markets.
Kuttner effectively argues for a nuanced view of markets and regulation in his discussion of health care and money markets, in his discussion of democratic, human and environmental values, none of which can be reduced to market values, but all of which appropriately rely on markets to varying degrees to achieve communal and individual good. Kuttner does not argue that regulation is always the solution for market limits and failures, but he decisively rejects that dogma that no matter how bad things are, government involvement will always only make it worse. He rejects the market vs. regulation dualism, and the cynicism that says market values are all that matter.
Everything For Sale presents a well reasoned and well written case for reevaluating the public institutions upon which our democracy (and markets) depends. If anything, it is a more important book today than it was when written in 1996.
An excellent refutation of classical liberal misunderstandings.......2006-08-09
Free market zealots will find this book impossible to understand, because the author has a sophisticated ontological understanding of the human being that they can never have. Kuttner, like Freud, Veblen, Polanyi, Galbraith, Packard and many others before him, understands that the human is a vulnerable, emotional being driven by anxiety and susceptible to manipulation by a business class whose ruthlessness has never been in question. This contrasts starkly with the simple-minded utilitarian view of the individual as a free-willed rational calculator programmed to maximise his or her economic interests in a market system that circulates information purely and transparently. This view of the human being as an autonomous hedonist-rationalist has become a self-fulfilling prophecy amongst those who subscibe to it, and they have become in their everyday lives the narrow, simple, unethical and anomic creatures that the belief constructs. Tediously and predictably, all critiques of work such as Kuttner's are grounded in this one-dimensional depiction of the human being. Consequently, all the apparently sophisticated mathematical models constructed by the pseudo-scientists who call themselves 'free-market economists' - even though their internal logics seems to make sense to the simpletons who construct and apply them - are thus spectacular examples of mumbo-jumbo based on a single and catastrophically false ontological assumption. To me, books such as Kuttner's make a strong case for temporarily disbanding economics and reformulating its fundamental metaphysical assumptions under the guidance of more sophisticated social scientific and philosophical disciplines. Well done indeed, Mr. Kuttner, and someone now needs to take up the baton and write a comprehensible book that instructs these Hayekian-utilitarian simpletons about the psychological vulnerability of the emotional human being and the moral complexity of human intersubjectivity in its economic, political, social and ecological contexts.
The grail of a perfect market is a dangerous fantasy.......2005-07-13
In this mightily important book Robert Kuttner attacks frontally and defeats by KO the utopian view of 'laissez faire' of the Chicagoans, who hold that regulation is never warranted because all private choices are free of coercion.
He adopts the Schumpeterian view that the real economy rather than aggregating to a single optimal 'general equilibrium' is constantly in disequilibrium. 'Perfect competition is not only impossible, but inferior.'
He turns the 'Revealed Preference' (markets serve free choices and aggregate welfare) into Bertrand de Jouvenel's 'Revealed Ignorance'. Corporations have the power to set prices, not to take them passively.
What we need is a mixed economy: a balance between market, state and civil society. In fact, the US has a long history of governmental interventionism.
The author illustrates his credo forcefully by examining a whole range of all important industries and markets.
Free markets and/or deregulation are not a solution for
- the health care sector (the most efficient way to make a profit is to avoid sick people and to limit care)
- the money market (the S & L disaster)
- the labor market (is a reflexion of the relative power between the capital owner and the salary worker. After loosing his job, the latter is three months away from destitution)
- the airline industry (deregulation has degraded service in multiple ways)
- the environment (global warming, acid rain and deforestation cannot be solved by market forces)
- telecommunications (major sectors are natural monopolies)
- electricity (the final sale remains a true natural monopoly)
- education (a paramount source of long-term economic growth)
- safe and health in the workplace (that's why Congress wrote OSHA).
He cleverly explains the motives behind 'laissez faire' policies. As Robert Heilbroner said 'Ideology is part of economics'.
'Wealth buys among other things power and power resists income distribution.'
The champions of false evangelism are for the author the Public Choice cynics. He unmask them as fundamental anti-democrats, because they believe that 'politics is hopelessly self-defeating'.
However, he notes that its representatives are very congenial to the most powerful and poses the rhetoric question: Who looses when society pursues political mobilization of propertyless voters, a broad welfare state, substantial economic regulation and redistributive taxation?'
On the contrary, we need a reinforced democracy as a bulwark against tyranny, for the expression of selfhood, for the cultivation of civic skills and norms and to keep markets in place and to limit their sometimes destructive mechanism.
This is a very important political book written by a superb free and unbiased free mind.
Nevertheless, the political pendulum is actually close to the far right: after giving mighty tax breaks for the wealthy, the actual US government declares that pensions and medical aid have to be cut for budget reasons!
I also recommend Peter Temin's work 'Did monetary forces cause the Great Depression?' where he destroys Friedman's explanation of the most important economic disaster in the US history.
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Valuing Environmental Amenities Using Stated Choice Studies (The Economics of Non-Market Goods and Resources)
Manufacturer: Springer
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Bayesian Econometric Methods (Econometric Exercises)
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Bayesian Econometrics
ASIN: 1402040644 |
Product Description
This book provides practical, research-based advice on how to conduct high-quality stated choice studies. It covers every aspect of the topic, from planning and writing the survey, to analyzing results, to evaluating quality. Chapters by highly-regarded academics and professionals are provided on rarely-discussed topics such as supporting questions and experimental design, as well as state-of-the-art multinomial choice modelling, attribute processing, the role of information, and lessons learned from the field of experimental economics. There is no other book on the market today that so thoroughly addresses the methodology of stated choice. Academics and practitioners in fields such as environmental, health and transportation economics, and marketing, will need this book on their shelves and they will refer to it often.
Book Description
Are exchange rates determined by economic fundamentals or are they a prey to random speculative forces? Some economists assert that economic theory has so far performed poorly in explaining the dramatic increase in exchange rate volatility in the recent floating rate period. This book argues that modern macroeconomics theory does provide guidelines for understanding exchange rate fluctuations.
Since the mid-1990s, there has been an outpouring of research that aims at laying new foundations for open-macroeconomic theory. The so-called "New Open Economy Macroeconomics" (NOEM) approach embeds micro-founded behavior into dynamic general equilibrium models. This provides a rich framework for thinking about exchange rate behavior and lays the groundwork for credible policy evaluation. This book shows how the most recent analytical tools proposed in this literature improve our understanding of exchange rate fluctuations.
With contributions from an international array of thinkers, this impressive book shall interest both students and researchers involved with Macroeconomics, Money and Banking as well as all those interested in International Finance, including financial institutions.
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Modeling Pension Systems
Andrus Simonovits
Manufacturer: Palgrave Macmillan
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ASIN: 1403915245 |
Book Description
The issue of unfunded public pension systems has moved to the center of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modeling pension systems.
Book Description
Researchers are increasingly turning to computational methods to study the dynamic properties of political and economic systems. Politicians, citizens, interest groups, and organizations interact in dynamic, complex environments, and the static models that are predominant in political economy are limited in capturing fundamental features of economic decision making in modern democracies. Computational models--numerical approximations of equilibria and dynamics that cannot be solved analytically--provide useful insight into the behavior of economic agents and the aggregate properties of political systems. They serve as a valuable complement to existing mathematical tools.
This book offers some of the latest research on computational political economy. The focus is on theoretical models of traditional problems in the field. Each chapter presents an innovative model of interaction between economic agents. Topics include voting behavior, candidate position taking, special interest group contributions, macroeconomic policy making, and corporate decision making.
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Natural Resource Economics
Philip A. Neher
Manufacturer: Cambridge University Press
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Resource Economics
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Mathematical Bioeconomics: The Optimal Management of Renewable Resources (Pure and Applied Mathematics: A Wiley-Interscience Series of Texts, Monographs and Tracts)
ASIN: 0521311748 |
Book Description
The events of our time reveal a world where people are more able than ever before to exploit their environment. There are questions about when and how to use resources and about the ability of current institutions to make the appropriate decisions concerning their allocation. Natural Resource Economics explores the positive contribution that economics can make to resolving issues of all kinds: the atmosphere, the land and water, and wild animals and plants. This book establishes a concert framework for thinking about resource allocation that borrows from the familiar microeconomic theory of the firm by elaborating the concept of capital asset management and extends these concepts to deal with the problems of resource utilization. In addition, the idea of market failures is used to justify the assertion that collective action is needed to achieve a more economical allocation of resources when ordinary markets are conspicuously inefficient. The book serves the student who wants to learn how to solve natural resource problems as opposite to merely read about them. By working with this volume the reader acquires a tool kit to formulate and solve intertemporal allocation problems. The first section offers an introduction to the main topics and introduces basic ideas to the general reader. The remaining three sections build on university and college lavel micro-economics and on the first university course in mathematics. The use of mathematics is motivated by the pressing need to confront problems that are difficult to solve with less powerful tools. Mathematical appendixes are provided to refresh the reader.
Customer Reviews:
low price but high quality.......2007-10-24
I bought it as a text book. It is really help you understand the basic of the natural resource economics.
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