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Alfred Marshall, the founder of modern economics, once described economics as 'the study of mankind in the ordinary business of earning a living'. In Economics for the Curious, 12 Nobel Laureates sho

Nobel laureate Solow shows how Kenneth J. Arrow's classic paper "The Economic Implications of Learning by Doing" fits into the modern theory of economic growth, and uses it as a springboard for a crit

Much of today's conventional macroeconomic theory presumes that markets for goods approach the state of perfect competition. Monopolistic Competition and Macroeconomic Theory assumes that markets are imperfect, so that sellers have some power over price, and must therefore form quantity expectations about the location of the firm's demand curve. The question is then about the macroeconomic implications of imperfect competition in goods markets. The first chapter is a brief survey of ideas proposed in economics including multiple equilibria. The second chapter describes a particular micro-based macro model that allows several families of equilibria. The third chapter shows how a standard locational model can be used to describe a sample macroeconomy when firms have close rivals. In this volume derived from his Federico Caffe Lecture, Nobel Laureate Robert Solow shows that there are simple and tractable micro-based models that offer the possibility of a richer and more intuitive

Nobel laureate Solow shows how Kenneth J. Arrow's classic paper "The Economic Implications of Learning by Doing" fits into the modern theory of economic growth, and uses it as a springboard for a crit

Nobel Laureate Robert Solow explores how changes in social accounting practice could contribute to more rational debate and action in crafting economic and environmental policy. A thoughtful work abou

Much of today's conventional macroeconomic theory presumes that markets for goods approach the state of perfect competition. Monopolistic Competition and Macroeconomic Theory assumes that markets are imperfect, so that sellers have some power over price, and must therefore form quantity expectations about the location of the firm's demand curve. The question is then about the macroeconomic implications of imperfect competition in goods markets. The first chapter is a brief survey of ideas proposed in economics including multiple equilibria. The second chapter describes a particular micro-based macro model that allows several families of equilibria. The third chapter shows how a standard locational model can be used to describe a sample macroeconomy when firms have close rivals. In this volume derived from his Federico Caffe Lecture, Nobel Laureate Robert Solow shows that there are simple and tractable micro-based models that offer the possibility of a richer and more intuitive

From Nobel Laureate Robert M. Solow comes this second edition of his classic text, Growth Theory, to which he has added six new chapters. The book begins with the author's Nobel Prize Lecture "Growth

Editors of academic journals are often the top scholars in their fields. They arecharged with managing the flow of hundreds of manuscripts each year -- from submission to review torejection or accepta

Today the Eurozone is in turmoil, beset by stresses and strains that could challengeEurope's very construction. How did the current crisis come about, and how may it be resolved? And what does it mean

Clear, comprehensive exposition of interrelation of game theory and linear programming, interrelation of linear programming and modern welfare economics, Leontief theory of input-output, problems of d

edited and with an introduction by Benjamin M. Friedman The connection between priceinflation and real economic activity has been a focus of macroeconomic research--and debate--formuch of the past cen

Some economic events are so major and unsettling that they change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Y

Takes a critical look at the recurring weaknesses of American industry and outlines five national priorities for regaining the productive edge

It has long been recognized that most standard of living increases are associated with advances in technology, not the accumulation of capital. Yet it has also become clear that what truly separates d