Kenneth Arrow - Böcker
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550 kr
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Nobel Prize winner the late William Vickrey was one of the truly important figures in contemporary economics. Over the past fifty-five years he has published several books and some 140 papers scattered over many journals. This book offers a thoughtful selection from these papers, organised so as to bring out the scope and yet the unity of the work. Vickrey has the unique distinction of having contributed, often seminally and always operationally, to all major branches of public economics. The papers collected here cover social choice and allocation mechanisms, taxation, pricing in public utilities and in urban transportation, urban economics, and macroeconomic policies. Each topic is introduced by one of the four editors, and the book is completed with a full annotated bibliography of Vickrey's work. For the first time, we have convenient access to a set of important, creative and stimulating contributions, which have helped shape the modern field of public economics. This is a fascinating overview of the field and of the life-time work of a great economist.
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Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations. Amartya Sen, John Roemer, Robert M.Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe. The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions.Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.