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Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

  • The Economics of Housing Vouchers

    • 1st Edition
    • May 10, 2014
    • Joseph H. Friedman + 1 more
    • English
    The Economics of Housing Vouchers is a seven-chapter text that examines the housing choices of low-income families in two metropolitan areas, namely, Phoenix and Pittsburgh. Some of these households are offered a novel kind of housing subsidy, including a housing allowance or housing voucher, in an experimental framework designed to test this approach to demand-side housing assistance. Chapter 1 presents an overview of U.S. housing programs and the dimensions of the U.S. housing problem. Chapter 2 provides a simple microeconomic model that conceptualizes household behavior, as well as a summary of some of the extant evidence on housing demand. This chapter also estimates the housing demand models for the low-income population in the Demand Experiment, using housing expenditures to measure housing. Chapter 3 applies a hedonic index of housing services that abstracts from particular characteristics of the household or landlord that may affect rent and attempts to measure housing in a more objective manner. Chapter 4 describes a model of household behavior that leads to the methodology for estimating experimental effects. Chapter 5 repeats the analysis for Minimum Rent households, while Chapter 6 examines the effect of both kinds of Housing Gap allowance payment on the consumption of housing services. Lastly, Chapter 7 focuses on the implications of the experimental findings for housing policy. This chapter compares a housing allowance strategy with two other approaches, namely, a pure income-transfer approach and a construction-oriente... approach. This book is of value to workers in housing policy, including economists, regional and other social scientists in academia, housing analysts, the Congress, housing lobby groups, and state and local government housing officials.

  • A Lexicon of Economics

    • 1st Edition
    • May 10, 2014
    • Kenyon A. Knopf
    • English
    A Lexicon of Economics compiles definitions and abbreviations of many commonly used economic terms and concepts. This book begins by providing a list of abbreviations, acronyms, and foreign phrases, followed by the definition of economic terms that are organized into alphabetical order. This compilation aims to address two difficulties in the idiom of economics—first is the exact use of a very specific definition for a common word that has many diverse meanings in everyday usage, and secondly, the interpretation of acronyms and abbreviations frequently used in economic and financial discussions. This monograph is suitable for professionals who want a handy, clear explanation of the economic terms they hear or read everyday.

  • Study Guide to Accompany Gwartney, Stroup, and Clark's Essentials of Economics

    • 2nd Edition
    • May 10, 2014
    • J.R. Clark
    • English
    Study Guide to Accompany Gwartney, Stroup, and Clark's Essentials of Economics, Second Edition provides additional features which can be used as reference for students who are using the textbook "Essentials of Economics, Second Edition." The book sections contain self-tests and challenge questions which are so designed that the student who can answer the self-test questions will consistently be able to answer those found in the "Instructor's Manual and Test Bank." The text encourages the student to follow four steps to get the most out of the study guide. The student should follow these steps: (1) Actively participate in the learning process; (2) Seek out prompt, accurate feedback regarding what the student has learned; (3) Learn the relevance of the concepts; and (4) Learn to address economic issues and policies critically. The book covers question topics, such as supply, demand, market process, public sector, aggregate demand, and equilibrium in a simple Keynesian model. The book also deals with questions and problems on skill acquisition, job market, and gains from international trade. The text will be a valuable aid to many students of economics whether they are economics majors are just taking the subject as a requirement in another course. Professors and lecturers of economics and business courses will also benefit from it.

  • The Second Paycheck

    A Socioeconomic Analysis of Earnings
    • 1st Edition
    • May 10, 2014
    • Alice Nakamura + 1 more
    • English
    The Second Paycheck: A Socioeconomic Analysis of Earnings is a comprehensive analysis of the socioeconomic aspects of earnings, with emphasis on the dynamic labor supply behavior of men and women. The importance of dynamic models in understanding labor supply is highlighted. The impact of children on the dynamic labor supply of men and women, and how changes in marital status affect female labor supply, are also discussed. Comprised of eight chapters, this book begins by considering several reasons why the labor force behavior of married women has become an important topic in the mainstream of the economics literature. The work behavior of married women is examined in the larger context of the work behavior of married and unmarried men and women. Furthermore, a microanalytic simulation approach to behavioral research and forecasting is presented. The behavioral model used in this study is then described. In addition to coefficient estimates, the probabilities of work, expected wage rates and expected hours of work are analyzed. A Heckman-type model of work behavior is also generalized to include unemployment. This monograph is intended for economists, sociologists, students of labor economics, researchers, forecasters, and those from all backgrounds who are interested in understanding or forecasting the employment and earnings behavior of women.

  • Theory of General Economic Equilibrium

    • 1st Edition
    • May 10, 2014
    • Trout Rader
    • English
    Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where consumer preferences play a subordinate role. This text then examines that for the case where preferences satisfy appropriate conditions, efficiency theory is superseded as normative analysis by optimality theory. Other chapters consider the optimization of consumer preferences that leads to the decline of many families. This book discusses as well the existence of equilibrium, which is of importance to both normative and positive economics. The final chapter deals with the question of the speed with which the economic system attains its equilibrium state, which is assumed to be stationary. This book is a valuable resource for professional economists and advanced graduate students in economics.

  • Law and Economics of Vertical Integration and Control

    • 1st Edition
    • May 10, 2014
    • Roger D. Blair + 1 more
    • English
    Law and Economics of Vertical Integration and Control focuses on the processes, methodologies, and approaches involved in the law and economics of vertical integration and control. The publication first elaborates on transaction costs, fixed proportions and contractual alternatives, and variable proportions and contractual alternatives. Discussions focus on sales revenue royalties, ownership integration, output royalties, important product-specific services, successive monopoly, advantages and limitations of internal transfers, and transaction cost determinants. The text then examines vertical integration under uncertainty and vertical integration without contractual alternatives. The book ponders on legal treatment of ownership integration and per se illegal contractual controls. Topics include tying arrangements, public policy assessment, resale price maintenance, vertical integration and the Sherman Act, market foreclosure doctrine, and the 1982 Merger Guidelines. The text also takes a look at contractual controls that are not illegal per se, alternative legal rules, and antitrust policy. The publication is a dependable reference for researchers interested in the law and economics of vertical integration and control.

  • Chinese Economic Reform

    How Far, How Fast?
    • 1st Edition
    • May 10, 2014
    • Bruce L. Reynolds
    • English
    Chinese Economic Reform: How Far, How Fast? focuses on China's economic reform and tackles topics ranging from the reformed price system and the macroeconomic mechanism to the dual pricing system in industry. The rapid growth in money income and government deficit is also examined, along with the relationship between price level, money supply, and GNP. Agricultural reform and the shortcomings of China's banking system as a tool for monetary control are considered as well. Comprised of 17 chapters, this book begins with an analysis of the impact of the two-tier plan/market system on the Chinese industry, followed by a discussion on the dual pricing system in the industry and money and price level determination in China. The reader is then introduced to China's macroeconomic policy and how it has been influenced by the reform process; money and the consumption goods market; and issues in the structural reform of agriculture. Subsequent chapters focus on the banking system; economic policy and income distribution; trade, employment, and inequality in post-reform China; and the stock-share system as an avenue for reforming the Chinese economy. Economic liberalization in China is also compared with that in India. This monograph will be of interest to economists and economic policymakers.

  • Contributions to Modern Economics

    • 1st Edition
    • May 10, 2014
    • Joan Robinson
    • English
    Contributions to Modern Economics includes contributions to two great intellectual upheavals in economic theory: the Keynesian Revolution and the revival of the classical theory of profits led by Piero Sraffa. The formation of prices in capitalist and socialist economies and of international trade is also discussed. The evolution of these ideas is linked to the personal and historical events that influenced them. Comprised of 24 chapters, this book begins by describing the second crisis of economic theory, which is related to the first crisis — the great slump of the 1930s. The reader is then introduced to the theory of money and the analysis of output; obstacles to full employment; and the concept of hoarding. Subsequent chapters explore capital, profits, and prices, with emphasis on the theory of capital, imperfect competition, and the theory of value. International trade, capitalism, and beggar-my-neighbor remedies for unemployment are also examined. This monograph should be of interest to economists.

  • Introductory Microeconomics

    • 1st Edition
    • May 10, 2014
    • Michael Veseth
    • English
    Introductory Microeconomics explains the basic principles of microeconomics, producer and consumer choices, resource markets, and government policies. The book describes the economics of exchange, such as the role of economic growth, factors that determine the amount and types of exchange, the supply and demand model of market operations, price setting, price changes, and the impact of one market on other markets. The text also explains market failures in terms of free market choice, externalities of failures, monopolies, as well as scarcity and choices leading to poverty. When economic policies are considered by the state, there are trade-offs that are necessary in the exchange. Before the government should make decisions, it always has to consider two opportunity costs, namely, 1) budget constraints, and 2) the opportunity cost of the funds spent in the private sector. For example (no. 1), if more money is spent on transfer payments, less will be left for education, national defense, infrastructure. Another example (no. 2) is when the government collects taxes, a direct loss in real income and utility among consumers will result. The book also presents real world economics in terms of the social security tax in the United States. The book can prove valuable for students of economics or business, sociologists, general readers interested in real-world economics, and policy makers involved in national economic development.

  • Essentials of Economics

    • 2nd Edition
    • May 10, 2014
    • James D Gwartney + 2 more
    • English
    Essentials of Economics, Second Edition is a text intended for a one-term course in economics for college students. It attempts to teach students of the analytic way of studying economics and provides the basics of the concept of political economy and uses this knowledge to explain the choice process in the public sector. The book presents a comprehensive survey of economics. It contains chapters that highlight the importance of the microincentive structure of macroeconomic markets; identifies the determinants of supply, as well as the impact of public policy on those determinants; and presents both adaptive and rational expectations theory. The linkage between production theory and the cost curves faced by the firm; examination of the market structure; and the role of regulation and deregulation are covered as well. Economics students will find the book very useful.

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