Contemporary Economics Pdf
Finley Chopin
Focus on Research in Contemporary Economics (FORCE) is dedicated to create a well-established venue for high quality research in contemporary Economics. Its content mirrors widespread scholarly approaches and interests within the dimensions of Economics, Finance, Accounting, Banking, Business Administration, Marketing, Management, and other related areas in Social Sciences.
Thanks to the academic contributions of our colleagues, the second-fully online issue of the forth volume (December) is published featuring four research articles and a book review that report essential findings and implications.
The subdiscipline of economic geography has a long and varied history, and recent work has pushed the field to diversify even further. This collection takes this agenda forward by showcasing inspiring, critical and plural perspectives for contemporary economic geographies.
Highlighting the contributions of global scholars, the thirty chapters showcase fresh ways of approaching economic geography in research, teaching and praxis. With sections on thought leaders, contemporary critical debates and future research agendas, this collection calls for greater openness and inclusivity.
This excellent collection is a timely, topical blast of fresh air. It starts with some familiar questions about representation and voice in economic geography and goes on to provide an essential resource for thinking about research, writing and praxis. Jane Pollard, Newcastle University
Development economics is easy to characterize as one of the three major subfields of economics, along with microeconomics and macroeconomics. More specifically, development economics resembles economic history in that it seeks to explain the changes that occur in economic systems over time.
The subject of economic growth is not so easy to characterize. Indeed, it is the most technically demanding field in the whole of modern economics, impossible to grasp for anyone who lacks a command of differential calculus. Its focus is the properties of equilibrium paths, rather than equilibrium states. In applying economic growth theory, one makes a model of the economy and puts it into motion, requiring that the time paths described by the variables be self-sustaining in the sense that they continue to be related to each other in certain characteristic ways. Then one can investigate the way economics might approach and reach these steady-state growth paths from given starting points. Beautiful and frequently surprising theorems have emerged from this experience, but as yet there are no really testable implications nor even definite insights into how economies grow.
Taxation has been a concern of economists since the time of Ricardo. Much interest centres on determining who really pays a tax. If a corporation faced with a profits tax reacts by raising the prices it charges for goods and services, it might succeed in passing the tax on to the consumer. If, however, sales decline as a result of the rise in price, the firm may have to reduce production and lay off some of its workers, meaning that the tax burden has been passed along not only to consumers but to wage earners and shareholders as well.
Building upon 18th- and 19th-century mathematical studies of the voting process, Scottish economist Duncan Black brought a political dimension to cost-benefit studies. His book The Theory of Committees and Elections (1958) became the basis of public choice theory. As expressed in the book Calculus of Consent (1962) by American economists James Buchanan and Gordon Tullock, public choice theory applies the cost-benefit analysis seen in private decision making to political decision making. Politicians are conceived of as maximizing electoral votes in the same way that firms seek to maximize profits, while political parties are conceived of as organizing electoral support in the same way that firms organize themselves as cartels or power blocs to lobby governments on their behalf. Public choice challenged the notion, implicit in early public finance theory, that politicians always identify their own interest with that of the country as a whole.
This open access book offers a multidisciplinary dialogue on relational anthropology in contemporary economics. A particular view of the human being is often assumed in economic models, but seldom acknowledged let alone explicated. Addressing this neglected area of research in economic studies, altogether the contributors touch upon the importance and potential of virtues, the notions of freedom and self-love, the potential of simulation models, the dialectics of love, and questions of methodology in constructing a relational anthropology for contemporary economics. The overall result is a highly informative and constructive dialogue, establishing inter alia a research agenda for future collaborative and multidisciplinary study.
Jermo van Nes is Assistant Professor of New Testament at the Evangelische Theologische Faculteit (ETF), Leuven, Belgium. At ETF, he was Senior Researcher in the Institute of Leadership and Social Ethics. He is also a Research Associate in the Department of New Testament Studies at the University of Pretoria, South Africa. His research has been published in academic journals such as New Testament Studies, Zeitschrift fr die neutestamentliche Wissenschaft, Novum Testamentum, and the Journal for the Study of the New Testament.
The ninth edition of Contemporary Economics continues to offer a clear, concise presentation of basic micro- and macroeconomic theory. Emphasizing how the discipline of economics connects to the world, the book takes a friendly and accessible tone, illustrating theory with applications.
This new edition comes with updated applications and data to reflect the changing world events and contemporary issues since the previous edition was published. With a vast range of updated applications, the handbook uses real-world, globally relevant examples that make the subject easy to understand.
Part 1: Introduction 1. Scarcity and Choice Part 2: The Microeconomy 2. Market Transactions: Demand and Supply Analysis 3. Demand and Supply Applications 4. Production and the Costs of Production 5. Competition and Monopoly: Virtues and Vices 6. Imperfect Competition 7. Labor Markets 8. Government and Markets Part 3: The Macroeconomy 9. The Mixed Economy of the United States 10. Gross Domestic Product and Economic Growth 11. The Business Cycle, Unemployment, and Inflation 12. Macroeconomic Instability: Aggregate Demand and Aggregate Supply 13. Fiscal Policy and the Federal Budget 14. Money and the Banking System 15. The Federal Reserve and Monetary Policy Part 4: The International Economy 16. International Trade and the Global Economy 17. International Finance 18. Economic Systems and Developing Countries
International Journal of Contemporary Economics and Administrative Sciences (IJCEAS) is an online, biannual, peer-reviewed international research journal that addresses both applied and theoretical issues. The scope of the journal encompasses research articles, original research reports, reviews, and scientific commentaries in the fields of economics and administrative sciences. The journal will maintain a high scientific standard. After a preliminary assessment by the Editorial Board, all submitted papers will undergo a double-blinded refereeing process. The Review aims at providing all authors with a decision within ten weeks since submission.
The IJCEAS is an interdisciplinary journal, centered on Economics and Administrative Sciences. IJCEAS is open access. Readers can have free access to all published content. We encourage readers to Register now.
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This paper argues that the economics discipline is highly concentrated, which may inhibit scientific innovation and change in the future. The argument is based on an empirical investigation of six dimensions of concentration in economics between 1956 and 2016 using a large-scale data set. The results show that North America accounts for nearly half of all articles and three quarters of all citations. Twenty institutions reap a share of 42 percent of citations, five journals a share of 28.5 percent, and 100 authors a share of 15.5 percent. A total of 2.8 percent of citations may be attributed to heterodox schools of thought. Also top articles are concentrated along these dimensions. Overall, concentration has strongly increased over the last six decades.
The article takes as its starting point the relationship of academic economists and the wider society. First, various bodies of literature that deal empirically with this matter are discussed: epistemologically, they range from a bold structuralism via a form of symbolic interactionism to a form of radical constructivism. A Bourdieusian approach is recommended to complement these perspectives with a comprehensive perspective that is sensible to the cultural differences between social groups. Starting from the established notions of field, capital and habitus, the article then attempts to go the initial steps towards formulating a theory of the specificity of academic economics, taking Germany as its example. For that it uses and compares in-depth interviews of recognized and non-recognized German economics students. It shows the thorough interweaving of specific normative and positive dispositions into a conviction of objectivity and disinterestedness. This exploratory empirical induction furthers follow-up questions, the empirical answering of which may help to gain a more complete understanding of the actions and thoughts of economists in their specific contexts.
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