Microeconomics as a Social Science

Häftad, Engelska, 2019

3 529 kr

Slutsåld

While recognising the variation within each approach, Microeconomics as a Social Science focuses on two broad classes of economic ideologies: those built on methodological individualism where social formations reflect the characteristics of individuals, and social science theories where social formations are independent of individuals and determine individual characteristics. Within each system, there are alternative variants, with different approaches and politics. While methodological individualism tilts towards "laissez faire" and social science towards public "intervention," there are arguments within both perspectives favoring either political policy.

Produktinformation

Utgivningsdatum2019-08-06
FormatHäftad
SpråkEngelska
Upplaga5
FörlagKendall/Hunt Publishing Co ,U.S.
ISBN9781524966423

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Mikroekonomi inom Ekonomi och ledarskap

Figure ListTable ListAcknowledgmentsChapter 1 Introduction: Why Economics?The Queen of the Social Sciences?Methodological Individualism and Social ScienceModels, Parameters, and Economic ScienceThe Politics of Economic TheoryTreating Efficiency and EquityWhy Do We Work? Incentives, Compulsion, and RespectEconomic Theory and PowerPrice Theory and Economic AnalysisEconomic Theory and IndividualismThe Best of All Possible Worlds? Leibniz, Candide, and the Presuppositions of Economic TheoryLiberalism, Individualism, and Rise of the Bourgeoisie?Value TheoryClassical Political Economy and Karl MarxFrom Political Economy to Neoclassical EconomicsKeynes and Economic MethodologySocial Life and the Economy: The Division of Labor, Social and DetailedKeywordsDiscussion QuestionsChapter 2 Economics, Well-Being, and the Limits of MarketsParadoxes of WealthThe Social Creation of NeedPositional GoodsCommunityCaring LaborCare Labor and the Efficiency of the MarketCare Work Enriches Our Society's FutureDoes Caring Undermine Economic Growth?KeywordsDiscussion QuestionsChapter 3 Marginal Utility and Neoclassical Consumer Demand TheoryWhy Do We Care Where Preferences Come From?Coffee, Diminishing Marginal Utility, and Neoclassical Demand TheoryDemand Curves Slope down for IndividualsConstructing Aggregate Community Demand Curves from Individual DemandDo Aggregate Demand Curves Really Slope Down?Shifting DemandElasticity of Demand: Measuring Responsiveness of Quantity Demanded to PricesConsumer Surplus Makes Life Worth LivingKeywordsDiscussion QuestionsChapter 4 Supply: By Monopolies and OthersMarginal Productivity: Robinson Crusoe as an EntrepreneurMarginal This and Marginal That: Marginal CostSupply Curves and Perfect CompetitionMarginal Revenue and Real MarketsMonopoly: The Market NormMonopolistic Competition and Business StrategyRents, Profits, and Producer Surplus under Monopoly and under Perfect CompetitionProducer Surplus, Fixed Costs, and ProfitsWhat Do Businesses Really Maximize Anyway?Shifting Supply Curves?Do Long-Run Marginal Costs Slope Up?Appendix: Comparison of Monopoly and Perfect CompetitionKeywordsDiscussion QuestionsChapter 5 Markets and EquilibriumFinding Peace?The Case against Government and the Wonders of Perfect Competition in Atomistic MarketsPerfect Competition in Atomistic Markets Is Irrelevant. In Real Markets, Price Setting May Be GoodWhat Might Move the Equilibrium Point?KeywordsDiscussion QuestionsChapter 6 Why Economists Don't Study Institutions, but ShouldSocial Institutions and Transactions Costs: The Norms and Values of a Productive SocietyThe Economic Value of TrustIs Love Efficient?Is There a Politics behind Methodological Individualism?Efficient Markets for Social Institutions: Or Why Neoclassicists Ignore History and Why This Is a MistakeThe Independence of InstitutionsExplaining the Evolution of Institutions?Production Possibility Frontiers and EfficiencyBargaining Power and the Distribution of PowerMoving the PPFPublic and Private GoodsTaxing and Subsidizing Goods with ExternalitiesMarkets and Externalities: Can They Be Made Compatible?Collective Action and Game TheoryTit for TatExternalities and Property RightsAppendix: Drawing PPFsKeywordsDiscussion QuestionsChapter 7 Capitalism, Slavery, and the EconomyEconomic Institutions and the Duality of Human NatureBuilding a Market Economy: SlaverySlavery Abroad and Proletarianization at HomeThe Politics of ProletarianizationSlavery, Family Labor, and Challenges to CapitalismCircuits of Capital: Capitalism and ProfitSocial Structures of AccumulationCapitalism and MonopolyThe Expansion of CapitalKeywordsDiscussion QuestionsChapter 8 Citizenship, Rights, and DollarsHousing the Rich and OthersThe Unequal Distribution of IncomeWhy Have the Rich Gained?How Do You Become a Rich American?Inequality, Inheritance, and PolicyIf Life Was a Thing That Money Could Buy, the Rich Would Live, and the Poor Would DieEarnings Disparities and EducationThe Politics of Inequality: CEO PayDeclining UnionizationMinimum Wages and Income SupportFree TradeCitizenship and the MarketLeaky Buckets and Other FablesKeywordsDiscussion QuestionsChapter 9 Which Is Fixed Exogenously: Technology or Wages?Philosophers Have Hitherto Only Interpreted the World in Various Ways; The Point Is to Change ItThe Demand for Labor: Labor's Marginal Product?The Supply of Wage LaborIncome and Substitution EffectsBackward Bending Labor Supply CurvesCompensating DifferentialsTrends in the Labor Force Participation Rate: Women and MenHusbands and Fathers, Wives and MothersTrends in Labor Supply: Hours WorkedMarket Supply and Demand for Labor Where MRP and Supply Curves Intersect: A Happy Tale, If It Were TrueImmigration and the Labor Supply to the United StatesSocial Institutions and Politics in Wage DeterminationKeywordsDiscussion QuestionsChapter 10 The Social Determination of Productivity and EmploymentWages Cause Productivity and Social Rules Determine Who Gets JobsEfficiency Wages and ProductivityHenry Ford's Five Dollar DayHow Efficiency Wages Raise ProductivityWage Contours, Internal Job Markets, and High- and Low-Road CompaniesEfficiency Wages in Public PolicyEfficiency Wages: Unions, Efficiency, DemocracyUnions and Democracy: Bosses and a Democratic Workplace?Economic Democracy: Capitalism, Unions, and Worker Self-ManagementThe Social Determinants of Labor Supply: Differentials by Gender and RaceWhy Neoclassical Economists Do Not Believe in Discrimination: The Jackie Robinson StoryExplaining Discrimination: Preferences or Norms?Crowding, Wealth, and NormsWealth, Norms, and CrowdingCrowding and Endogenous Labor SupplyKeywordsDiscussion QuestionsChapter 11 Time, Risk, and UncertaintyWhat Do Financial Markets Do?Jam Tomorrow, or Jam Today?Liquidity, Time Preference, and the Interest Rate on Future CashRisk, Uncertainty, and the Risk-Return FrontierEfficient Capital MarketsInefficient Financial Markets?Sources of Imperfect Financial Markets: Monopolies, Asymmetric Information, and HerdsI Will Be Gone, You Will Be GoneFinancial Market Success: Manipulation, Brilliance, and Emotional IntelligenceKeywordsDiscussion QuestionsChapter 12 Social Welfare StatesGovernment Keeps GrowingThe Public Sector: What It Is and What It DoesCorrecting Market Failures by Providing Public GoodsCorrecting Market Failures with Social InsuranceLemons, Moral Hazard, Adverse Selection, and the Failure of Private InsuranceHow Social Insurance Overcomes Problems of Moral Hazard and Adverse SelectionAmerican ExceptionalismDebating States and PoliticsThe Division of Labor, Justice, and a Good SocietyKeywordsDiscussion QuestionsGlossaryThe Evolution of Economic IdeasBibliographyCredits