Product Description: Economists often look at markets as given, and try to make predictions about who will do what and what will happen in these markets Market design, by contrast, does not take markets as given; instead, it combines insights from economic and game theory together with common sense and lessons learned from empirical work and experimental analysis to aid in the design and implementation of actual markets In recent years the field has grown dramatically, partially because of the successful wave of spectrum auctions in the US and in Europe, which have been designed by a number of prominent economists, and partially because of the increase use of the Internet as the platform over which markets are designed and run There is now a large number of applications and a growing theoretical literature...read more

Product Description: Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get here, and how can we compete and prosper once more?Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the Western economies mired in underemployment and anemic growth...read more

Product Description: Features emerging trends that are shaping supply chain operations worldwide as well as impacting the global business landscape Beginning with the assertion that supply chains are an overlooked factor behind anemic economic growth, Protean Supply Chains: Ten Dynamics of Supply and Demand Alignment provides a comprehensive overview of the developments occurring in the field of supply chain management...read more

Product Description: Marco Fanno was among the most distinguished of Italian economists, and an important contributor to the history of economic thought. He is unique among the Italian economists of his generation in being influenced by the new macrodynamic theories of the 1930s as well as the Italian tradition of General Equilibrium...read more

Product Description: Why does a top-class chef, after years carefully perfecting her craft, create her best dish in just two rushed hours? Why are students less likely to miss tighter deadlines? Why are the terminally ill often happier than the healthy, and why do those struggling to make ends meet find it so difficult to escape debt? Here, economist Sendhil Mullainathan and psychologist Eldar Shafir reveal that the answers lie in the new and surprising science of scarcity...read more

In the blockbuster tradition of Freakonomics, a Harvard economist and a Princeton psychology professor team up to offer a surprising and empowering new way to look at everyday life, presenting a paradigm-challenging examination of how scarcity—and our flawed responses to it—shapes our lives, our society, and our culture.Why do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all are examples of a mindset produced by scarcity. Drawing on cutting-edge research from behavioral science and economics, Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need. Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money. The dynamics of scarcity reveal why dieters find it hard to resist temptation, why students and busy executives mismanage their time, and why sugarcane farmers are smarter after harvest than before. Once we start thinking in terms of scarcity and the strategies it imposes, the problems of modern life come into sharper focus.

Product Description: The goal of Reasonably Simple Economics is, not surprisingly, simple: to help us think like economists. When we do, so much of the world that seemed mysterious or baffling  becomes more clear and understandable―improving our lives and providing new tools to succeed in business and career...read more

The economics background investors need to interpret globaleconomic news distilled to the essential elements: A tool of choicefor investment decision-makers.  Written by a distinguished academics and practitioners selectedand guided by CFA Institute, the world’s largest associationof finance professionals, Economics for Investment DecisionMakers is unique in presenting microeconomics andmacroeconomics with relevance to investors and investment analystsconstantly in mind.   The selection of fundamental topicsis comprehensive, while coverage of topics such as internationaltrade, foreign exchange markets, and currency exchange rateforecasting reflects global perspectives of pressing investorimportance. Concise, plain-English introduction useful to investors andinvestment analystsRelevant to security analysis, industry analysis, countryanalysis, portfolio management, and capital market strategyUnderstand economic news and what it meansAll concepts defined and simply explained, no prior backgroundin economics assumedAbundant examples and illustrationsGlobal markets perspective 

Great narratve and analysis

Product Description: Supply and demand is a basic necessity of economics used for setting price based on availability. This guide explains supply and demand in a manner that makes it easily comprehensible for a young adult and teen audience. From the simple cost of labor to how production affects the modern consumer, this guide is a must-read for any young economist...read more

Scarcity is considered a ubiquitous feature of the human condition. It underpins much of modern economics and is widely used as an explanation for social organisation, social conflict and the resource crunch confronting humanity's survival on the planet. It is made out to be an all-pervasive fact of our lives – be it of housing, food, water or oil. But has the conception of scarcity been politicized, naturalized, and universalized in academic and policy debates? Has overhasty recourse to scarcity evoked a standard set of market, institutional and technological solutions which have blocked out political contestations, overlooking access as a legitimate focus for academic debates as well as policies and interventions? Theoretical and empirical chapters by leading academics and scholar-activists grapple with these issues by questioning scarcity's taken-for-granted nature. They examine scarcity debates across three of the most important resources - food, water and energy – and their implications for theory, institutional arrangements, policy responses and innovation systems. The book looks at how scarcity has emerged as a totalizing discourse in both the North and South. The 'scare' of scarcity has led to scarcity emerging as a political strategy for powerful groups. Aggregate numbers and physical quantities are trusted, while local knowledges and experiences of scarcity that identify problems more accurately and specifically are ignored. Science and technology are expected to provide 'solutions', but such expectations embody a multitude of unexamined assumptions about the nature of the 'problem', about the technologies and about the institutional arrangements put forward as a 'fix.' Through this examination the authors demonstrate that scarcity is not a natural condition: the problem lies in how we see scarcity and the ways in which it is socially generated.

Product Description: The concept of supply and demand is made easy in this fascinating title! The book lets readers learn the ins and outs of this fundamental concept of economics.

Product Description: Most principles of economics texts are predicated narrowly on the concept of scarcity as a fundamental force, but that is only one aspect of economics. This supplemental text for basic and intermediate level undergraduates provides a serious discussion of the concept of abundance - what it means, how we can move toward it, and what keeps us from doing so...read more

Product Description: Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, regardless of what others want...read more

Product Description: This monograph addresses the problems surrounding the interpretation and application of Article 81 of the EC Treaty, and how it affects the regulation and limits of EC competition law.

Product Description: Recent events and analyses have suggested that global production of oil might peak sometime within the next few years to the next one or two decades. Other analyses, however, conclude that oil supply can meet global demand for some decades to come and that oil production peaking is much further off...read more

Karly opens a lemonade stand to earn some money and learns the lesson on supply and demand.