The World of Economics (The New Palgrave Series)

What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation. Front Matter....Pages i-xi Agricultural Growth and Population Change....Pages 1-14 Bribery....Pages 15-19 Bubbles....Pages 20-22 Burden of the Debt....Pages 23-26 Bureaucracy....Pages 27-34 Capital Gains and Losses....Pages 35-39 Chicago School....Pages 40-50 Coase Theorem....Pages 51-57 Cobweb Theorem....Pages 58-61 Codetermination and Profit-sharing....Pages 62-73 Common Law....Pages 74-82 Common Property Rights....Pages 83-86 Communications....Pages 87-98 Comparative Advantage....Pages 99-107 Competition and Selection....Pages 108-116 Conflict and Settlement....Pages 117-125 Congestion....Pages 126-133 Constitutional Economics....Pages 134-142 Continuity in Economic History....Pages 143-148 Counterfactuals....Pages 149-154 Crowding Out....Pages 155-159 Declining Industries....Pages 160-163 Distributive Justice....Pages 164-167 Dividend Policy....Pages 168-175 Economic Integration....Pages 176-186 Economic Interpretation of History....Pages 187-197 Economic Theory and the Hypothesis of Rationality....Pages 198-210 Efficient Market Hypothesis....Pages 211-218 Entitlements....Pages 219-223 Equilibrium: an Expectational Concept....Pages 224-227 Equilibrium: Development of the Concept....Pages 228-236 Exchange....Pages 237-247 Family....Pages 248-260 Financial Intermediaries....Pages 261-278 Fine Tuning....Pages 279-284 Free Lunch....Pages 285-285 Full Employment....Pages 286-290 Gender....Pages 291-304 Gifts....Pages 305-314 Gold Standard....Pages 315-329 Hunting and Gathering Economies....Pages 330-338 Hyperinflation....Pages 339-344 Import Substitution and Export-led Growth....Pages 345-348 Interests....Pages 349-360 Interpersonal Utility Comparisons....Pages 361-366 Keynesianism....Pages 367-370 Law and Economics....Pages 371-380 Leisure....Pages 381-384 Liberalism....Pages 385-389 Limits to Growth....Pages 390-393 Macroeconomics: Relations with Microeconomics....Pages 394-400 Malthus’s Theory of Population....Pages 401-406 Market Failure....Pages 407-412 Marketing Boards....Pages 413-418 Market Places....Pages 419-423 Markets with Adverse Selection....Pages 424-427 Marxist Economics....Pages 428-439 Mercantilism....Pages 440-448 Monetarism....Pages 449-459 Monetary Policy....Pages 460-474 Monopoly....Pages 475-482 National Income....Pages 483-488 National System....Pages 489-492 Natural Selection and Evolution....Pages 493-501 Neoclassical....Pages 502-503 Neoclassical Synthesis....Pages 504-510 Neutral Taxation....Pages 511-515 Open Field System....Pages 516-519 Opportunity Cost....Pages 520-525 Optimum Currency Areas....Pages 526-533 Perfectly and Imperfectly Competitive Markets....Pages 534-543 Performing Arts....Pages 544-548 Periphery....Pages 549-555 ‘Political Economy’ and ‘Economics’....Pages 556-562 Poverty....Pages 563-573 Predatory Pricing....Pages 574-577 Prisoner’s Dilemma....Pages 578-583 Property Rights....Pages 584-590 Rent....Pages 591-597 Rent Control....Pages 598-603 Rent Seeking....Pages 604-609 Rhetoric....Pages 610-612 Ricardian Equivalence Theorem....Pages 613-622 Rising Supply Price....Pages 623-626 Scholastic Economic Thought....Pages 627-633 Scottish Enlightenment....Pages 634-639 Self-interest....Pages 640-645 Shadow Pricing....Pages 646-648 Social Cost....Pages 649-654 Specie-flow Mechanism....Pages 655-658 Sports....Pages 659-664 Terms of Trade....Pages 665-671 Tiebout Hypothesis....Pages 672-677 Time Preference....Pages 678-683 Trade Unions....Pages 684-693 Utopias....Pages 694-701 Value Judgements....Pages 702-705 Value of Life....Pages 706-712 Welfare Economics....Pages 713-726 Zero-sum Games....Pages 727-731 Back Matter....Pages 732-755