Explorations in Pragmatic Economics: Selected Papers of George A. Akerlof (and Co-authors).

George A. Akerlof

Oxford University Press, 2005 - 514 páginas

“This collection of Akerlof's most important papers provide both an introduction to Akerlof's work and a grounding in modern economics. Divided into two broad areas, micro- and macroeconomics, they cover the economics of information; the theory of unemployment; macroeconomic equilibria; the demand for money; psychology and economics; and the nature of discrimination and other social issues. The collection closes with Akerlof's 2001 Nobel Lecture, in which he argues that it is imperative that macroeconomics be considered inherently behavioural.” -- BACK COVER.

Índice

• Explorations in Pragmatic Economics: 1
• Quality Uncertainty and the Market Mechanism: 27
• The Economics of Caste and of the Rat Race and Other Woeful Tales: 39
• Discriminatory Statusbased Wages among Traditionoriented: 56
• Economics and Identity: 67
• The Economics of Tagging as Applied to the Optimal: 100
• An Analysis of OutofWedlock Childbearing in the United States: 119
• Men without Children: 152
• The Economics of Illusion: 194
• Procrastination and Obedience: 209
• The Economic Underworld of Bankruptcy for Profit: 232
• Relative Wages and the Rate of Inflation: 283
• The Microeconomic Foundations of a Flow of Funds Theory: 303
• The Consequences of Constant ThresholdTarget: 328
• Agreement with Empirical Evidence: 338
• Summary and Conclusion: 339
• Jobs as Dam Sites: 345
• Common Features in Models of NonUtilization and Analogy Between Jobs and Dam Sites: 347
• Specific Technology and Jobs: 350
• A Partial Equilibrium Example: 352
• A General Equilibrium Example: 353
• Summary and Conclusion: 360
• Labor Contracts as Partial Gift Exchange: 362
• The Nonneoclassical Behavior of the Cash Posters or of the Eastern Utilities Co: 364
• Sociological Explanation of Cash PostersEastern Utilities Behavior: 366
• Reference Groups: 369
• The Fair Wage: 372
• A Model: 373
• Two Examples: 375
• Conclusion: 383
• The Fair WageEffort Hypothesis and Unemployment: 386
• Motivation for the Fair WageEffort Hypothesis: 387
• A Rudimentary Model of Unemployment with the Fair WageEffort Hypothesis: 395
• A Relative Deprivation Model of the Fair Wage: 398
• Conclusion: 407
• A NearRational Model of the Business Cycle with Wage and Price Inertia: 410
• A Model of Cyclical Unemployment: 415
• Conclusion: 422
• The Macroeconomics of Low Inflation: 424
• George A Akerlof William T Dickens and George L Perry: 426
• Simulation Model: 438
• Appendix A: 464
• Behavioral Macroeconomics and Macroeconomic Behavior: 472
• Index: 503

Sobre el autor

George A. Akerlof is Koshland Professor of Economics at the University of California, Berkeley, and the 2001 Nobel Laureate in Economics.

Información bibliográfica

• Título: Explorations in Pragmatic Economics: Selected Papers of George A. Akerlof (and Co-authors).
• Autor: George A. Akerlof
• Edición: ilustrada, reimpresa
• Editor: Oxford University Press, 2005
• ISBN: 0199253900, 9780199253906
• N.º de páginas: 514 páginas