Foundations of real-world economics what every economics student needs to know
The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional p...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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New York ; London
Routledge, Taylor & Franics Group
2019
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| Ausgabe: | Second edition |
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| 520 | |a The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real-world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a Capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP. | ||
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| spelling | Komlos, John 1944- Verfasser (DE-588)113662920 aut What every economics student needs to know and doesn't get in the usual principles text Foundations of real-world economics what every economics student needs to know John Komlos Second edition New York ; London Routledge, Taylor & Franics Group 2019 1 Online-Ressource (xi, 292 Seiten) Illustrationen, Diagramme, Karten txt rdacontent c rdamedia cr rdacarrier The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real-world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a Capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP. Economics Volkswirtschaftslehre (DE-588)4078943-3 gnd rswk-swf Kritik (DE-588)4033229-9 gnd rswk-swf Marktwirtschaft (DE-588)4037653-9 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Volkswirtschaftslehre (DE-588)4078943-3 s Marktwirtschaft (DE-588)4037653-9 s Kritik (DE-588)4033229-9 s DE-604 Erscheint auch als Druck-Ausgabe, Hardcover 978-1-138-29652-7 Erscheint auch als Druck-Ausgabe, Paperback 978-1-138-29654-1 https://doi.org/10.4324/9781315099972 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Komlos, John 1944- Foundations of real-world economics what every economics student needs to know Economics Volkswirtschaftslehre (DE-588)4078943-3 gnd Kritik (DE-588)4033229-9 gnd Marktwirtschaft (DE-588)4037653-9 gnd |
| subject_GND | (DE-588)4078943-3 (DE-588)4033229-9 (DE-588)4037653-9 (DE-588)4123623-3 |
| title | Foundations of real-world economics what every economics student needs to know |
| title_alt | What every economics student needs to know and doesn't get in the usual principles text |
| title_auth | Foundations of real-world economics what every economics student needs to know |
| title_exact_search | Foundations of real-world economics what every economics student needs to know |
| title_full | Foundations of real-world economics what every economics student needs to know John Komlos |
| title_fullStr | Foundations of real-world economics what every economics student needs to know John Komlos |
| title_full_unstemmed | Foundations of real-world economics what every economics student needs to know John Komlos |
| title_short | Foundations of real-world economics |
| title_sort | foundations of real world economics what every economics student needs to know |
| title_sub | what every economics student needs to know |
| topic | Economics Volkswirtschaftslehre (DE-588)4078943-3 gnd Kritik (DE-588)4033229-9 gnd Marktwirtschaft (DE-588)4037653-9 gnd |
| topic_facet | Economics Volkswirtschaftslehre Kritik Marktwirtschaft Lehrbuch |
| url | https://doi.org/10.4324/9781315099972 |
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