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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.

  • Econometric Analysis of Regional Systems

    Explorations in Model Building and Policy Analysis
    • 1st Edition
    • May 10, 2014
    • Norman J. Glickman
    • Edwin S. Mills
    • English
    Econometric Analysis of Regional Systems: Explorations in Model Building and Policy Analysis provides information pertinent to the use of regional econometric models for forecasting and policy analysis. This book presents macroeconomic forecasting for metropolitan regions. Organized into five chapters, this book begins with an overview of the problem of forecasting regional economic activity. This text then analyzes the principal types, economic base, input–output, and econometric of the regional economic models. Other chapters consider a large-scale econometric model for the Philadelphia region based on time series data to make forecasts for output, employment, prices, wages, income, economic activity, and other economic aggregates. This book discusses as well the types of forecasting models used in regional analysis. The final chapter deals with econometric techniques to bear on the problem of regional economic forecasting. This book is a valuable resource for economists, local policy makers, and government officials.

  • Money, Banking, and the Economy

    A Monetarist View
    • 1st Edition
    • May 10, 2014
    • Barry N. Siegel
    • English
    Money, Banking, and the Economy: A Monetarist View presents a systematic "monetarist" approach to money, banking, and the economy. The monetarist approach is a blend of the pre-Keynesian quantity theory, the tradition represented by D. H. Robertson, and the modern monetarist school, represented by Milton Friedman and his followers. A systematic development of a model of nominal income, based upon the Cambridge equation and the loanable funds theory of interest, is presented. This model is applied to the business cycle; inflation and stagflation; balance of payments and foreign exchange rates; and monetary and fiscal policy theories. Comprised of 20 chapters, this book begins with an introduction to the concept of money and its functions and how it contributes to economic instability. The discussion then turns to the new and old definitions of the things that serve as money, the structure and institutions of financial markets and financial instruments; banks, banking markets, and banking regulations; and the money supply process. Subsequent chapters explore the structure and functions of the Federal Reserve System; the problem of implementing monetary policy; the Clower-Leijonhufvud idea of Say's Principle; the quantity theory of money as described by the equation of exchange or the Cambridge equation; and the connection between money and business cycles. The book concludes by describing a monetarist-public choice perspective on the efficacy of monetary and fiscal policies. This monograph will be of value to undergraduate students and economists.

  • General Equilibrium, Growth, and Trade II

    The Legacy of Lionel McKenzie
    • 1st Edition
    • May 10, 2014
    • Robert Becker + 2 more
    • English
    General Equilibrium, Growth, and Trade, Volume II: The Legacy of Lionel McKenzie presents the impact of Lionel McKenzie's contributions on modern economics. This book discusses McKenzie's researches that are relevant in applied economic fields, including general equilibrium, optimal growth, and international trade. Organized into three parts encompassing 24 chapters, this volume begins with an overview of the existence of competitive equilibrium in an economy with a finite number of agents and commodities. This text then presents two analyses that are basically responses to criticism of the development of real indeterminacy. Other chapters consider McKenzie's assumption of irreducibility, which plays a significant role in showing how compensated equilibria will be uncompensated equilibria because agents have cheaper net trade vectors in their feasible sets. This book discusses as well some properties of competitive equilibria for dynamic exchange economies with an infinite horizon and incomplete financial markets. This book is a valuable resource for economists and economic theorists.

  • The Economic Theory of Price Indices

    Two Essays on the Effects of Taste, Quality, and Technological Change
    • 1st Edition
    • May 10, 2014
    • Franklin M. Fisher + 1 more
    • Karl Shell
    • English
    The Economic Theory of Price Indices: Two Essays on the Effects of Taste, Quality, and Technological Change is concerned with the effects of consumer taste, product quality, and technological change on price indices. Special attention is paid on technological change in the simple two-sector production model of Rybczynski and Uzawa. The effects of the general case of changing factor supplies and factor-augmenting change on the real national output deflator are also examined. Comprised of two essays, this book begins with an analysis of the pure theory of the true cost-of-living index, which may be considered as an idealization of indices like the consumer price index and others of that type. The essay explores how the true cost-of-living index is affected by changes in consumer taste, quality changes in purchased goods, and the introduction of new goods into the market place. The second essay deals with the pure theory of the national output deflator and provides a foundation for the measurement of real national output (or product). It shows that the usual inequalities relating Paasche and Laspeyres to the true index are reversed (from what they are in cost-of-living theory) for the case of production. It also assesses the implications of changing production possibilities caused by technological change or a change in factor supplies. This monograph will be a useful resource for mathematicians, economists, and others interested in economic theory and mathematical economics.

  • Capital and Employment

    A Study of Keynes's Economics
    • 1st Edition
    • May 10, 2014
    • Murray Milgate
    • John Eatwell
    • English
    Studies in Political Economy: Capital and Employment: A Study of Keynes's Economics focuses on the inquiry into Keynesian economics, particularly the relationship of capital and employment. The publication first underscores the contemporary position of 'Keynesian' economics, traditional long-period method of economic analysis, and theoretical systems and the long-period method. Discussions focus on the structure of classical economic theory, structure of marginalist economic theory, and the traditional long-period method of economic analysis. The text then ponders on the analysis of deviations from long-period positions, principle of effective demand, and the theory of capital and theory of employment. Topics include Keynes on the 'classical' theory of interest, capital and employment, inflexibility of money-wages, long-period theory of output and employment, and principle of effective demand. The book takes a look at the theoretical system of the treatise versus the general theory and the method of analysis in the treatise and the general theory, including the conceptual framework of the treatise on money and general theory and the natural rate of interest and level of employment. The publication is a valuable reference for economists and researchers interested in the relationship of capital and employment.

  • Study Guide for Essentials of Economics

    • 1st Edition
    • May 10, 2014
    • J. R. Clark
    • English
    Study Guide for Essentials of Economics is a valuable support tool for the student using Essentials of Economics. It provides several important features that contribute to a good course which cannot be included in the standard textbook, and if used correctly it will improve understanding of, and ability to apply, economic principles to everyday decision-making. The book contains self-test questions, problems and projects, and perspectives in economics. Topics covered in the text include economic approaches, tools of the economist, supply, demand, and the market process, and money and the banking system. An answer key is provided at the end of the book. This text is intended for students of economics.

  • Mathematics for Stability and Optimization of Economic Systems

    • 1st Edition
    • May 10, 2014
    • Yasuo Murata
    • Karl Shell
    • English
    Economic Theory and Mathematical Economics: Mathematics for Stability and Optimization of Economic Systems provides information pertinent to the stability aspects and optimization methods relevant to various economic systems. This book presents relevant mathematical theorems sufficient to develop important economic systems, including Leontief input–output systems, Keynesian dynamic models, the Ramsey optimal accumulation systems, and von Neumann expanding economic systems. Organized into two parts encompassing nine chapters, this book begins with an overview of useful theorems on matrices, eigenvalue problems, and matrices with dominant diagonals and P-matrices. This text then explores the linear transformations on vector spaces. Other chapters consider the Hawkins–Simon theorem concerning non-negative linear systems. This book discusses as well the dual linear relations and optimization methods applicable to inequality economic systems. The final chapter deals with powerful optimal control method for dynamical systems. This book is a valuable resource for mathematicians, economists, research workers, and graduate students.

  • Household and Economy

    Welfare Economics of Endogenous Fertility
    • 1st Edition
    • May 10, 2014
    • Marc Nerlove + 2 more
    • Karl Shell
    • English
    Household and Economy: Welfare Economics of Endogenous Fertility deals with welfare economics and the socially optimal population size, as well as the social consequences of individual choice with respect to family size within each generation. The general equilibrium implications of endogenous fertility for a number of issues of population policy are discussed. In addition to their own consumption, the number of children and the utility of each child is assumed to enter the utility function of the parents. Comprised of 10 chapters, this volume begins with a review of social welfare criteria for optimal population size and the static theory of optimal population size, optimal population growth with exogenous fertility, and the theory of endogenous fertility. The reader is then introduced to the basic principles of welfare economics and the economics of externalities, followed by a summary of the traditional theory of household behavior. Subsequent chapters focus on optimal population size according to various social welfare criteria; real and potential externalities generated by the endogeneity of fertility; and the principal alternative reason for having children: to transfer resources from the present to support the future consumption of parents in old age. The book concludes by assessing the implications of endogenous fertility for within-generation income distribution policies and reflecting on the directions in which future research may be fruitful. This monograph will be of value to economists, social scientists, students of welfare economics, and those who wish to understand the contribution of economic analysis to an improved understanding of population policy.

  • NIH: An Account of Research in Its Laboratories and Clinics

    • 1st Edition
    • May 10, 2014
    • DeWitt Stetten
    • English
    NIH: An Account of Research in Its Laboratories and Clinics contains collected accounts of the Intramural Research Program, as they happened in the laboratories and clinics, in various installations of the National Institutes of Health across the U.S.A. One paper discusses the etiology of schizophrenia which notes that, based on evidence and expanded adoption studies by Ketty, Rosenthal, and Wender, genetic factors actually contribute to the development of the disease. In developing countries, schizophrenia follows a more benign course. Some papers describe bacteriology, mycology, viral hepatitis, basic immunology, clinical immunology, and the development of enzymology. Researchers studying proteins elucidate on the synthesis and folding of protein chains, protein conformation and dynamics, the semisynthesis and protein function, as well as on sequence analysis and collagen research. Other papers describe the breaking of the genetic code, the progress made from the genetic code to beta thalassemia, to investigations of genetic diseases (such as galactosemia, gout, Lesch-Nyhan disease, mucopolysaccharide storage disease, and sickle cell disease). One paper notes the contribution of the intramural clinical research program of the National Cancer Institute to cancer therapy with emphasis in cancer chemotherapy. Professors in pharmacology, practitioners of general medicine, specialists or researchers dealing with microchemistry, toxicology, drug therapy, or oncology will find the collection valuable.

  • Introductory Macroeconomics

    • 2nd Edition
    • May 10, 2014
    • Michael Veseth
    • English
    Introductory Macroeconomics, Second Edition deals with national economic issues, such as unemployment, inflation, the aggregate demand-aggregate supply model of macroeconomics, government economic policy, exchange, rates, international trade, and finance. The book examines national economic problems, economic goals, the role markets play in the economy, price control, unemployment, and inflation. By using the Phillips curve trade-off, the text notes that inflation increases the demand for labor. In the long term, according to the long-run Phillips curve, increased inflation does not actually lessen unemployment levels (known as the natural unemployment rate hypothesis). The text also examines whether minimum wage laws are necessary (to fight poverty, prevent exploitation) or cause poverty (in which the imposition of minimum wage results in lower demand for unskilled labor). The book notes that politics and unions favor minimum wage laws. The poor, uneducated, and unskilled laborers are left out. The text also tackles goals and trade-offs: for example, that economic growth suffers from both inflation and unemployment, or the trade-off that preventing unemployment only results in worse inflation problems. Economists, sociologists, professors in economics, or policy makers involved in economic and social development will find the text valuable.

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