Book Details


The State of Economics, the State of the World

Publication year: 2020

ISBN: 9780262353472

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The book begins with three sweeping essays by Nobel laureates Kenneth Arrow (in one of his last published works), Amartya Sen, and Joseph Stiglitz that offer a summary of the theoretical foundations of modern economics—the twin pillars of general equilibrium theory and welfare economics. Contributors then turn to macroeconomic stabilization and growth and, finally, new areas of research that depart from traditional theory, methodology, and concerns: climate change, behavioral economics, and evolutionary game theory.

Subject: Business & Economics, Economic development, Information technology, Economic aspects, Monetary policy, Social change