Cost and Choice an Inquiry in Economic Theory

Cost and Choice  an Inquiry in Economic Theory
Author: James M. Buchanan
Publsiher: Unknown
Total Pages: 134
Release: 1969
ISBN: 1928374650XXX
Category: Cost
Language: EN, FR, DE, ES & NL

Cost and Choice an Inquiry in Economic Theory Book Excerpt:

The Economic Theory of Costs

The Economic Theory of Costs
Author: Matthew McCaffrey
Publsiher: Routledge
Total Pages: 270
Release: 2017-09-01
ISBN: 1317207637
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Economic Theory of Costs Book Excerpt:

The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make choices, why we trade, and how we build institutions and social orders are all problems that can be explained in light of the costs we face. This volume explores, develops, and critiques the rich literature on costs, examining some of the many ways cost remains relevant in economic theory and practice. The book especially studies costs from the perspective of the Austrian or “causal-realist” approach to economics. The chapters integrate the history of economic thought with contemporary research, finding valuable crossroads between numerous traditions in economics. They examine the role of costs in theories of choice and opportunity costs; demand and income effects; production and distribution; risk and interest rates; uncertainty and production; monopsony; Post-Keynesianism; transaction costs; socialism and management; and social entrepreneurship. Together, these papers represent an update and restatement of a central element in the economic way of thinking. Each chapter reveals how the Austrian, causalrealist approach to costs can be used to solve an important problem or debate in economics. These chapters are not only useful for students learning these concepts for the first time: they are also valuable for researchers seeking to understand the unique Austrian perspective and those who want to apply it to new problems.

Property Power and Public Choice

Property  Power  and Public Choice
Author: Alfred Allan Schmid
Publsiher: Greenwood
Total Pages: 360
Release: 1987
ISBN: 1928374650XXX
Category: Economics
Language: EN, FR, DE, ES & NL

Property Power and Public Choice Book Excerpt:

The Review of Austrian Economics

The Review of Austrian Economics
Author: Murray N. Rothbard
Publsiher: Springer Science & Business Media
Total Pages: 263
Release: 2013-03-09
ISBN: 9401734542
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Review of Austrian Economics Book Excerpt:

Review of Austrian Economics Volume 4

Review of Austrian Economics  Volume 4
Author: Murray Rothbard
Publsiher: Ludwig von Mises Institute
Total Pages: 135
Release: 2009
ISBN: 1610161637
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Review of Austrian Economics Volume 4 Book Excerpt:

Method and Morals in Constitutional Economics

Method and Morals in Constitutional Economics
Author: Geoffrey Brennan,Hartmut Kliemt,Robert D. Tollison
Publsiher: Springer Science & Business Media
Total Pages: 571
Release: 2013-03-09
ISBN: 3662048108
Category: Political Science
Language: EN, FR, DE, ES & NL

Method and Morals in Constitutional Economics Book Excerpt:

This Festschrift was "presented" in electronic form to Buchanan on the occasion of his eightieth birthday on October 3, 1999, after dinner in Fairfax, Virginia. As one might have expected, the response to our call for papers was vo luminous. In looking over the many contributions, we felt that a "published" Festschrift was also possible and fitting for the eightieth birthday of so prodi gious and influential a scholar as Professor Buchanan. To that end we have assembled the following volume. In selecting the papers to be included here we have basically tried to choose those papers which in some way bear on Buchanan's contributions. Perfectly good papers about issues not related to Buchanan's research agenda or not referring directly to Buchanan's work were not included. Space constraints did not allow universal coverage, so choices had to be made. It should be stated clearly that these were our choices based on the criterion that the contribution be relevant to Buchanan's work. Buchanan had nothing whatsoever to do with the selection of papers for this volume. Once choices had been made, we arranged the papers by subject matter ranging from various aspects of Buchanan's work in economics, political science, philosophy, and related areas, to some more personal recollections of Jim as a professor, friend, and colleague. Including the latter material was also our decision, and this probably represents a choice with which Jim would not have agreed. We think, however, that the reader will find these pieces interesting and informative.

Economics from the Outside in

Economics from the Outside in
Author: James M. Buchanan
Publsiher: Texas A&M University Press
Total Pages: 237
Release: 2007
ISBN: 9781585446032
Category: Biography & Autobiography
Language: EN, FR, DE, ES & NL

Economics from the Outside in Book Excerpt:

Nobel laureate in economics James Buchanan has been called--and indeed, calls himself--an outsider in American economics. Original and even unorthodox in his pioneering contributions to public choice theory and variously revered or berated for his influence on the economic policies that took hold in the Reagan years, he has stimulated a productive vein of economic inquiry and an important strain of public policy. First published in 1992 under the title Better Than Plowing And Other Personal Essays, this collection of autobiographic writings was hailed as engaging, honest, and fascinating. The four new chapters of the present volume fill some gaps in his earlier reflections and add valuable assessments of the roots of his academic work. Economics from the Outside In provides a fascinating look at the humble origins and academic development of a recipient of the Nobel Prize, the intellectual underpinnings of a key American economic policy, and the role of the academician in today's society.

The Economic Ideal in British Government

The Economic Ideal in British Government
Author: Phyllis Colvin
Publsiher: Manchester University Press
Total Pages: 244
Release: 1985
ISBN: 9780719018367
Category: Cost effectiveness
Language: EN, FR, DE, ES & NL

The Economic Ideal in British Government Book Excerpt:

Economic Controversies

Economic Controversies
Author: Murray N. Rothbard
Publsiher: Ludwig von Mises Institute
Total Pages: 997
Release: 2011
ISBN: 1610165233
Category: Economic policy
Language: EN, FR, DE, ES & NL

Economic Controversies Book Excerpt:

Rational Choice and Democratic Deliberation

Rational Choice and Democratic Deliberation
Author: Guido Pincione,Fernando R. Tesón
Publsiher: Cambridge University Press
Total Pages: 258
Release: 2006-07-24
ISBN: 0521862698
Category: Philosophy
Language: EN, FR, DE, ES & NL

Rational Choice and Democratic Deliberation Book Excerpt:

This 2006 books offers a comprehensive and sustained critique of theories of deliberative democracy.

The Elgar Companion to Ronald H Coase

The Elgar Companion to Ronald H  Coase
Author: Claude Ménard,Elodie Bertrand
Publsiher: Edward Elgar Publishing
Total Pages: 392
Release: 2016-02-26
ISBN: 1782547991
Category: Biography & Autobiography
Language: EN, FR, DE, ES & NL

The Elgar Companion to Ronald H Coase Book Excerpt:

Ronald H. Coase, one of the most innovative and provocative economists of the twentieth century, has had a lasting influence in economics, law and economics, organization theory, management and political science. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars, including two Nobel Laureates, offer the first global assessment of the initial impact of Coase’s work and the continuing inspiration that researchers and policy makers find in his contributions. The book presents a review of the continuing power of Coase’s work, including the reshaping of public policies with particular respect to public utilities and network industries. Further chapters explore research programmes that he initiated including the concept of transaction costs and the analysis of property rights, especially in terms of the regulation of the communications industry and the creation of markets for the right to pollute. The book clearly demonstrates the originality of Coase’s work and the challenge that it posed to conventional perspectives which has been a hallmark of his research throughout his life, from his initial view on the nature of the firm to his recent analysis of the development of capitalism in China. Less well-known features of Coase’s research going beyond his famous papers on ‘The Nature of the Firm’ and ‘The Problem of Social Cost’ are also explored in detail. From economics to public policy, this complete and thorough assessment of Coase’s vast contribution will be an invaluable reference to all those interested in the many areas influenced by this great economist.

Austrian Economics Re examined

Austrian Economics Re examined
Author: Gerald P O'Driscoll Jr,Mario Rizzo
Publsiher: Routledge
Total Pages: 302
Release: 2014-12-05
ISBN: 1317691369
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Austrian Economics Re examined Book Excerpt:

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory.

Approaches and Processes for Managing the Economics of Information Systems

Approaches and Processes for Managing the Economics of Information Systems
Author: Tsiakis, Theodosios
Publsiher: IGI Global
Total Pages: 449
Release: 2014-01-31
ISBN: 1466649844
Category: Computers
Language: EN, FR, DE, ES & NL

Approaches and Processes for Managing the Economics of Information Systems Book Excerpt:

"This book explores the value of information and its management by highlighting theoretical and empirical approaches in the economics of information systems, providing insight into how information systems can generate economic value for businesses and consumers"--Provided by publisher.

Demand Revelation and the Provision of Public Goods

Demand Revelation and the Provision of Public Goods
Author: Edward Clarke
Publsiher: iUniverse
Total Pages: 300
Release: 2000
ISBN: 0595089305
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Demand Revelation and the Provision of Public Goods Book Excerpt:

The demand revelation process has been called a new and superior process for making social choices and holds some promise of creating an intellectual revolution in economics and politics. It relies on a so-called “Clarke tax” or pivot mechanism to ensure that individuals will adequately consider the social cost of their influence on social outcomes, thereby ensuring truthful revelation of preferences and overcoming the “free rider” problem of public goods provisioning. Demand Revelation and the Provision of Public Goods outlines Clarke’s approach to use demand revelation in the creation of demand revealing markets accompanied by the improved management of social entitlements to public goods and services. Based on these refinements, he shows ways to achieve improved government performance in areas of taxation, spending and government regulatory management. In this revised edition of his original 1980 book, Clarke reviews other recent related work, notably Martin Bailey’s Constitution for a Future Country, which describes in detail how these advances in an improved political economy can be achieved.

Entrepreneurship and Economic Progress

Entrepreneurship and Economic Progress
Author: Randall Holcombe
Publsiher: Routledge
Total Pages: 224
Release: 2007-01-24
ISBN: 1135984999
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Entrepreneurship and Economic Progress Book Excerpt:

Entrepreneurship is the engine of economic progress, but mainstream economic models of economic growth tend to leave out the entrepreneurial elements of the economy. This new book from Randall Holcombe begins by identifying areas in which evolutionary and Austrian approaches differ from the academic mainstream literature on economic growth, before moving on to distinguish growth from progress. The author then analyzes economic models of the firm based on the idea that it is entrepreneurship that drives economic progress. The book should prove to be a natural successor to recent Routledge books by Frederic Sautet and David Harper.

Fuzzy Rationality

Fuzzy Rationality
Author: Kofi Kissi Dompere
Publsiher: Springer Science & Business Media
Total Pages: 283
Release: 2009-03-20
ISBN: 3540880828
Category: Mathematics
Language: EN, FR, DE, ES & NL

Fuzzy Rationality Book Excerpt:

Philosophy involves a criticism of scientific knowledge, not from a point of view ultimately different from that of science, but from a point of view less concerned with details and more concerned with the h- mony of the body of special sciences. Here as elsewhere, while the older logic shut out possibilities and imprisoned imagination within the walls of the familiar, the newer logic shows rather what may happen, and refuses to decide as to what must happen. Bertrand Russell At any particular stage in the development of humanity knowledge comes up against limits set by the necessarily limited character of the experience available and the existing means of obtaining knowledge. But humanity advances by overcoming such limits. New experience throws down the limits of old experience; new techniques, new means of obtaining knowledge throw down the limits of old techniques and old means of obtaining knowledge. New limits then once again appear. But there is no more reason to suppose these new limits absolute and final than there was to suppose the old ones absolute and final.

Fuzziness and Approximate Reasoning

Fuzziness and Approximate Reasoning
Author: Kofi Kissi Dompere
Publsiher: Springer Science & Business Media
Total Pages: 289
Release: 2009-03-25
ISBN: 3540880860
Category: Computers
Language: EN, FR, DE, ES & NL

Fuzziness and Approximate Reasoning Book Excerpt:

This monograph is special in its orientation and contribution to current state of our understanding of decision-choice process and knowledge production. Its special orientation is to bring to the scientific community the discussions on the epistemic structure of the relationships among uncertainty, expectations, risk, possibility, probability and how the rules of fuzzy paradigm and the methods of fuzzy rationality bring new and different understanding to the relationships. At the level of theory of knowledge, it presents the structure and epistemic analysis of uncertainty, expectations and risk in decision-choice actions through the characteristics of substitution-transformation and input-output processes in categorial dynamics of actual-potential duality. The interactive effects of rationality and expectation are examined around belief, prospect, time and conditions of belief justification where the relationship between possibility and probability as a sequential link between potential and actual is analyzed to provide some understanding of the role of relative costs and benefits in defining risk in both nature and society. The concepts of possibilistic and probabilistic beliefs are explicated in relation to rationality and the decision-choice process where the analytical relationship between uncertainty and expectation formation is presented leading to the introduction of two types of uncertainty composed of fuzzy uncertainty and stochastic uncertainty.

The Nexus

The Nexus
Author: Janis Jablecki,Dr. D. Edgar Guthrie
Publsiher: Xlibris Corporation
Total Pages: 376
Release: 2013-05-31
ISBN: 1483640132
Category: Education
Language: EN, FR, DE, ES & NL

The Nexus Book Excerpt:

The nexus between best practices and student achievement is demonstrated from the GRASP Project, discovering how some California charter schools with higher academic achievement showed evidence of a greater number of best practices as measured by performance, governance, education program, human resources, business practices, and facilitiesthe education program infrastructure. Surprisingly, technology did not show a correlation for reasons explained in the nexus. Moreover, the nexus is bolstered by administrative, innovation, and competition theory serving as foundations for The Nexus. The Nexus also introduces strategies to implement best practices and process improvements through Lean Six Sigma methods and strategic and action planning. The search for the next practice designed to improve education programs is perpetual. The significance to accreditation is profound as student achievement measures will require metrics paced to reform movements such as Common Core Standards derived from international settings. By the same token, quality education will become clearer as edification through international benchmarks such as ISO 9000 will promote higher standards of excellence. The Nexus conclusions have relevance to all school systems since implementing best practices can elevate student achievement. The reason is clear: the more a school system operates efficiently through best practices and process improvements, the more time is available to the school leadership to devote attention to academic achievement as the ultimate product of education. And for those invested in school improvement, a higher value-added education with a higher return on investment.

Why Perestroika Failed

Why Perestroika Failed
Author: Peter J Boettke
Publsiher: Routledge
Total Pages: 208
Release: 2002-09-26
ISBN: 1134886314
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Why Perestroika Failed Book Excerpt:

Perestroika was acclaimed in the west but brought empty shelves in the east. Why Perestroika Failed argues that this was inevitable because it was not based on a sound understanding of market and political processes. Even if the perestroika programme had been carried out to the full it would have failed to bring about the structural changes necessary to transform what was the Soviet economy.

Who Owns the Environment

Who Owns the Environment
Author: Peter J. Hill,Roger E. Meiners
Publsiher: Rowman & Littlefield Publishers
Total Pages: 368
Release: 1998-08-20
ISBN: 1461647053
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Who Owns the Environment Book Excerpt:

The past several decades have witnessed a growing recognition that environmental concerns are essentially property rights issues. Despite agreement that an absence of well-defined and consistently enforced property rights results in the exploitation of air, water, and other natural resources, there is still widespread disagreement about many aspects of America's property rights paradigm. The prominent contributors to Who Owns the Environment? explore numerous theoretical and empirical possibilities for remedying these problems. An important book for environmental economists and those interested in environmental policy.