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The Resource Economic Ideas You Should Forget, edited by Bruno S. Frey, David Iselin, (electronic resource)

Economic Ideas You Should Forget, edited by Bruno S. Frey, David Iselin, (electronic resource)

Label
Economic Ideas You Should Forget
Title
Economic Ideas You Should Forget
Statement of responsibility
edited by Bruno S. Frey, David Iselin
Contributor
Editor
Subject
Language
eng
Summary
Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.--
Member of
Assigning source
Provided by publisher
Image bit depth
0
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Frey, Bruno S
  • Iselin, David
Series statement
Springer eBooks
http://library.link/vocab/subjectName
Popular works
Label
Economic Ideas You Should Forget, edited by Bruno S. Frey, David Iselin, (electronic resource)
Link
http://ezproxy.eui.eu/login?url=http://dx.doi.org/10.1007/978-3-319-47458-8
Instantiates
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction -- Capitalism -- Sola-Protestantism in Economics.-Economics Has Hothing to Do with Religion -- More Choice Is Always Better.-People Are Outcome-Oriented -- Deriving Peopls's Trade Policy Preferences from Macro-Economic Trade Theory -- Size (of Government) Doesn't Matter -- Byesianism -- The Return on Equity -- Peak Oil Theory -- More Choice Is Always Better -- (Un-)Productive Labor -- Volatility Is Risk -- Robots Will Take All Our Jobs -- Economic Growth Increase People's Well-Being -- Big Data Predictions Devoid of Theory -- Government Debts Are a Burden on Future Generations -- Public Spending Reduces Unemployment -- The Capital Asset Pricing Model -- Innovation Programs Lead to Innovation -- Factors of Production Are Homogenous Within Categories -- Individual Utility Depends Only on Absolut Consumption -- The Relative Price Effect Explains Behavior -- The Precedence of Exchange Over Production -- Inequality Reduces Growth -- Contingent Valuation, Willingness to Pay and Willingness to Accept -- Governments Must Reduce Budget Deficits -- Reach for Your Dream -- The EU's Competiveness Authority -- Say's Law -- Boundedness of Rationality -- Rational Expectations -- Letting Insolvent Banks Fail -- Pleasantville Politics - Selecting Politicians According to Ability -- The Axioms of Revealed Preference -- The Myth of Expansionary Consolidations -- Government Hurts the Economy More Than It Helps -- The Motivated Armchair Approach to Preferences -- Economics Is Based on Scientific Methods -- The Death of Distance -- Concept of Rationality -- Pay for Performance Raises Performance -- Home Ownership Is Good -- Coase Theorem -- Poverty Is Good for Development -- Markets Are Efficient -- CEOs Are Paid for Talent -- The Efficiency-Equity Tradeoff -- Deterministic Trend of Inequality -- Quantitative Easing -- Hosting the Olympic Games -- Abolishing Cash as Solution Against the Evil -- Receiving Money and Hot Having to work Raises Happiness -- Saints in Public Office -- Helicopter Money -- Decisions are Deterministic -- Politicians Systematically Converge to the Median Voter -- Artists Are Poor and Thus Unhappy -- Returns on Educational Investments Are Highest for Early Childhood Interventions -- EU Centralization -- The Alleged Asymmetry in Maintaining a Fixed Exchange Rate -- Governments Should Maximize the Happiness of the Population -- Okun's Equality-Efficiency Tradeoff -- A Rising Tide Raises all Boats -- Social Cost Analysis -- Natural Resources Make Rich -- The Natural Rate of Interest Is Positive -- Europe's "Skill Shortage" -- Taxes are Paid Because of Expected Punishment -- Better safe than Sorry -- The End of Work -- Postscript
Control code
978-3-319-47458-8
Dimensions
unknown
Extent
1 online resource (XIII, 166 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783319474588
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-319-47458-8
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)976394303
Label
Economic Ideas You Should Forget, edited by Bruno S. Frey, David Iselin, (electronic resource)
Link
http://ezproxy.eui.eu/login?url=http://dx.doi.org/10.1007/978-3-319-47458-8
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction -- Capitalism -- Sola-Protestantism in Economics.-Economics Has Hothing to Do with Religion -- More Choice Is Always Better.-People Are Outcome-Oriented -- Deriving Peopls's Trade Policy Preferences from Macro-Economic Trade Theory -- Size (of Government) Doesn't Matter -- Byesianism -- The Return on Equity -- Peak Oil Theory -- More Choice Is Always Better -- (Un-)Productive Labor -- Volatility Is Risk -- Robots Will Take All Our Jobs -- Economic Growth Increase People's Well-Being -- Big Data Predictions Devoid of Theory -- Government Debts Are a Burden on Future Generations -- Public Spending Reduces Unemployment -- The Capital Asset Pricing Model -- Innovation Programs Lead to Innovation -- Factors of Production Are Homogenous Within Categories -- Individual Utility Depends Only on Absolut Consumption -- The Relative Price Effect Explains Behavior -- The Precedence of Exchange Over Production -- Inequality Reduces Growth -- Contingent Valuation, Willingness to Pay and Willingness to Accept -- Governments Must Reduce Budget Deficits -- Reach for Your Dream -- The EU's Competiveness Authority -- Say's Law -- Boundedness of Rationality -- Rational Expectations -- Letting Insolvent Banks Fail -- Pleasantville Politics - Selecting Politicians According to Ability -- The Axioms of Revealed Preference -- The Myth of Expansionary Consolidations -- Government Hurts the Economy More Than It Helps -- The Motivated Armchair Approach to Preferences -- Economics Is Based on Scientific Methods -- The Death of Distance -- Concept of Rationality -- Pay for Performance Raises Performance -- Home Ownership Is Good -- Coase Theorem -- Poverty Is Good for Development -- Markets Are Efficient -- CEOs Are Paid for Talent -- The Efficiency-Equity Tradeoff -- Deterministic Trend of Inequality -- Quantitative Easing -- Hosting the Olympic Games -- Abolishing Cash as Solution Against the Evil -- Receiving Money and Hot Having to work Raises Happiness -- Saints in Public Office -- Helicopter Money -- Decisions are Deterministic -- Politicians Systematically Converge to the Median Voter -- Artists Are Poor and Thus Unhappy -- Returns on Educational Investments Are Highest for Early Childhood Interventions -- EU Centralization -- The Alleged Asymmetry in Maintaining a Fixed Exchange Rate -- Governments Should Maximize the Happiness of the Population -- Okun's Equality-Efficiency Tradeoff -- A Rising Tide Raises all Boats -- Social Cost Analysis -- Natural Resources Make Rich -- The Natural Rate of Interest Is Positive -- Europe's "Skill Shortage" -- Taxes are Paid Because of Expected Punishment -- Better safe than Sorry -- The End of Work -- Postscript
Control code
978-3-319-47458-8
Dimensions
unknown
Extent
1 online resource (XIII, 166 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783319474588
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-319-47458-8
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)976394303

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