Political economy : ǂan ǂinstitutional and behavioral approach

This textbook takes a new approach to political economy: it combines the well-known non-quantitative theories with the findings of behavioral science and other disciplines such as psychology and sociology. The question of how people behave and how such behavior can be guided towards moral welfare for everyone is the focus of this book. The knowledge is first derived scientifically, then the results are presented in summaries and conclusions. Case studies provide a link to practice. By means of exercises and behavioral games, readers can apply and deepen their acquired knowledge. Contents The functioning of market and competition Theory of economic systems Market failure and political failure Competition policy, industrial policy and business cycles policy Monetary policy and European Central Bank International financial markets and foreign trade The Author Prof. Dr. Christian A. Conrad teaches Economics and Business Ethics at the University of Applied Sciences in Saarbrücken. He was previously a Senior Key Account Manager in the national and international corporate customer business of a major German bank. This textbook takes a new approach to political economy: it combines the well-known non-quantitative theories with the findings of behavioral science and other disciplines such as psychology and sociology. The question of how people behave and how such behavior can be guided towards moral welfare for everyone is the focus of this book. The knowledge is first derived scientifically, then the results are presented in summaries and conclusions. Case studies provide a link to practice. By means of exercises and behavioral games, readers can apply and deepen their acquired knowledge. Contents The functioning of market and competition Theory of economic systems Market failure and political failure Competition policy, industrial policy and business cycles policy Monetary policy and European Central Bank International financial markets and foreign trade The Author Prof. Dr. Christian A. Conrad teaches Economics and Business Ethics at the University of Applied Sciences in Saarbrücken. He was previously a Senior Key Account Manager in the national and international corporate customer business of a major German bank. Front Matter ....Pages i-xvii Introduction (Christian A. Conrad)....Pages 1-3 Weaknesses in Economics and Economic Education (Christian A. Conrad)....Pages 5-22 Basics of Political Economy (Christian A. Conrad)....Pages 23-35 Modeling the Image of Man (Christian A. Conrad)....Pages 37-90 The Functioning of Market and Competition (Christian A. Conrad)....Pages 91-117 Theory of Economic Systems (Christian A. Conrad)....Pages 119-173 Market Failure (Christian A. Conrad)....Pages 175-225 Political Failure (Christian A. Conrad)....Pages 227-245 Competition Policy (Christian A. Conrad)....Pages 247-326 Industrial Policy (Christian A. Conrad)....Pages 327-345 Monetary Policy and the European Central Bank (Christian A. Conrad)....Pages 347-381 Business Cycles Policy (Christian A. Conrad)....Pages 383-459 International Financial Markets (Christian A. Conrad)....Pages 461-515 Foreign Trade (Christian A. Conrad)....Pages 517-543 Solutions to the Exercises (Christian A. Conrad)....Pages 545-551 Back Matter ....Pages 553-557