Description : The Wealth of Ideas, first published in 2005, traces the history of economic thought, from its prehistory (the Bible, Classical antiquity) to the present day. In this eloquently written, scientifically rigorous and well documented book, chapters on William Petty, Adam Smith, David Ricardo, Karl Marx, William Stanley Jevons, Carl Menger, Léon Walras, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter and Piero Sraffa alternate with chapters on other important figures and on debates of the period. Economic thought is seen as developing between two opposite poles: a subjective one, based on the ideas of scarcity and utility, and an objective one based on the notions of physical costs and surplus. Professor Roncaglia focuses on the different views of the economy and society and on their evolution over time and critically evaluates the foundations of the scarcity-utility approach in comparison with the Classical/Keynesian approach.
Description : "What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.
Description : In many respects, Sismondi's thought was ahead of its time. Schumpeter credited him as the father of dynamic analysis in the modern sense. He is also recognized by all as the pioneer of business cycle analysis. Until this book there had been no full translation of his major work in English. This translation will illuminate the genesis of Marxist ideology and some of the basic causes of its failures.
Description : What is life when one cannot use his or her creative ability to create wealth? There is no one who does not have this creative ability, it all depend on how it is put to use by the person concerned. Most people who have attained a high level of success in their lives made use of this ability of being creative to turn their ideas into reality. The world is not a place where someone could only depend on luck to make it in life. There must be some efforts geared towards achieving any set goal. One really needs to put his or her thinking faculty into great work, as well as in a positive way, in order to achieve great things in life. Great thinkers are usually very creative and they often make things to happen. A lot of ideas run through the mind on a daily basis. The ability to transform the beneficial ideas into reality could bring someone closer to his or her success. Wealth creation comes in this way and it needs a lot of inputs from the person who desires to attain greater wealth. After reading through this book, you can be able to do a lot of things for yourself, in order to create wealth. In fact, you will find out that must of the things people regard as being difficult when trying to create wealth, are actually easy and can be done by anyone who intends to achieve success.
Description : "Financial Contagion: The Viral Threat to the Wealth ofNations covers a lot of territory. It is, of course, terriblyimportant to analyze case histories to discover potential triggers,mechanisms of transmission, and viable ways to contain the damageof financial contagion. The problem is, as these articles amplydemonstrate, that there’s always a new virus or a mutation ofa former one lurking in some corner of the financial world. Wedon’t know what it is or where it is. And, even if we hadsome inkling, there’s almost never enough time to develop afinancial flu shot." --SeekingAlpha.com The latest insights on financial contagion and how both nationsand investors can effectively deal with it. The domino-style structure in which the financial system existsis a perilous one. Although historically, the financial system hasbeen able to deal with major shocks, the fact remains that ourfinancial system is not as secure as it should be. Recent years have brought about too many examples of contagionand systemic risk. That is why Financial Contagion is suchan important read. In it, the serious concerns that revolve aroundour fragile economic system are investigated, researched, andexplained. Throughout the book, Kolb offers valuable insights on thisdilemma as he compiles the history of financial contagion,highlights the latest research on systemic failure and interrelatedmarkets, and analyzes the risks and consequences we face movingforward. Examines the importance of careful regulation and what must bedone to stabilize the global financial system Includes contributed chapters from both academics andexperienced professionals, offering a variety of perspectives and arich interplay of ideas Details how close we are to witnessing a financial contagionthat could devastate the world economy We have been harshly reminded of how fragile our economicecosystem is. With Financial Contagion, you'll hold a betterunderstanding of what needs to be done to strengthen our system andsafeguard our financial future.