Customer Reviews:
Wordy and confusing text not worth the cost.......2003-12-18
This book was required for my intermediate macroeconomics course at Cornell University. I found the book to be very confusing, especially on the more technical topics such as the Solow growth model. I give Abel and Bernanke credit for trying to develop a unified, balanced approach to macro... which they do; unfortunately, the exposition is not clear and the book is extremely wordy and not concise. I highly recommend N. Gregory Mankiw's Macroeconomics text instead.
Great book from a great professor.......2002-02-17
I have the good fortune of studying under Prof. Abel at The Wharton School. Of course, we use this book as our required text! The book is excellent, and is very easy to understand. A good introduction for the layperson interested in the macro economy.
Great book from a great professor.......2002-02-17
I have the good fortune of studying under Prof. Abel at The Wharton School. Of course, we use this book as our required text! The book is excellent, and is very easy to understand. A good introduction for the layperson interested in the macro economy.
People Who Know Economics Choose This Book........1999-12-07
The book is a favorite at the University of Chicago, an institution that has produced 20 Nobel Prize Laureates in Economics. You couldn't ask for a better recommendation.
Brillant and Well Written.......1999-04-01
This book makes me feel like I am studing macroeconomics. I could not find any book in the library that is as comprehensive and detailed like this publication. An invaluable text for undergraduate economics majors dying to understand the economy and enonomic policies. A marvellous book I will treasure.
Average customer rating:
- A book for Econometricians rather than Macroeconomists
- get it free
- Perfect book
- Not for beginners
- Not the first book in Dynamic Macro, but excellent afterward
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Recursive Macroeconomic Theory, 2nd Edition
Lars Ljungqvist , and
Thomas J. Sargent
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Recursive Methods in Economic Dynamics
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ASIN: 026212274X |
Book Description
Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.
Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets. Completely new coverage in the second edition includes an introductory chapter, which gives an overview of the themes uniting the diverse topics treated throughout the book. Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance. Other new chapters cover such topics as how to formulate and compute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade. Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering.
Customer Reviews:
A book for Econometricians rather than Macroeconomists.......2004-10-30
The book is certainly written by distinguished people, but it seems to me that their focus in writting this book was more to exhibit mathematical methods to solve problems rather than discuss the problems themselves. Apparently the book is meant for training mathematical skills in dynamic programming, and prepare you for computer simulations of macroeconomic problems. But don't use it for understanding macroeconomics.
In general, the authors get into mathematical discussions that divert attention from the problem itself, and at the same time they don't explain why they are doing all these. Reading the book needs a lot of background knowledge and self-intuition. Apart from that some chapters are educational and fit for class work.
The first chapters cover mathematical basics about random process and Markov chains and estimation. They are the good chapters. The chapters on partial equilibrium, complete markets ad incomplete markets are also the ones that are noramlly used in class lectures. The book's coverage of consumption theory and economic growth is weak and insufficient. I would recommend Romer or Blanchard&Fisher book for that. The chapter on search and job matching is also simplistic and again not enough. In most of the chapters, technicality dominates concepts, so having a complementary textbook can be great help.
For one thing, the book has a lot of misprints and mistakes too, which seem to be fixed in the newer edition.
get it free.......2004-05-17
This is a great book. But you can download the second addition free on Sargent's website, so I wouldn't recommend buying it.
Perfect book.......2003-09-12
This is a perfect book for three reasons; i) it is perfect for those who wish to learn modern macroeconomics. The book develops necessary knowledge and tools to be applied to dynamic economics, ii) Sargent is one of most prominent and leading macroeconomists of the world, and he should be Nobel prize winner in Economics, iii) the book is published by MIT.
Not for beginners.......2003-04-01
When I recently left my job as cryer in a grim, north-eastern town, I was made the head of recursive macroeconomic theory at a major international bank. I could have done with a simpler introduction than this, to be honest, as my knowledge of RMT was limited. But now I hold my own in meetings simply by spouting a few long words from this book (mainly "macroeconomic" and "recursive" - theory doesn't seem to impress as much) and delegating to underlings.
Not the first book in Dynamic Macro, but excellent afterward.......2002-12-02
The first time i read the book, i'm sure this should not be the first text book for Dynamic Macroeconomics everyone should read. It's better to read somewhere else as an introduction to the idea of dynamic macroeconomics. Romer 'Advanced Macroeconomics' and Stokey, Lucas, Prescott 'Recursive Methods' are more appropriate to start. After gainning some similarity with Dynamic Methods, it would be much better to study models about macroeconomics presented in the book.
This book is the presentations of various models using Dynamic / Recursive Macroeconomics. It makes them easier and time-saving to study many kinds of model in a semester. It's GOOD & HELPFUL IN THIS SENSE. However, it might not be a good book for study in depth. You are better to study from the original papers for the same topics.
I think, this book is similar to Tirole 'Theory of Industrial Organization' in spirit, but different in content. They both show the simplified version of various models in the fields.
If you think you like this style, you would like to have it. But if you don't, it might be better just to skim (from the library) and read the original papers.
Hope this comment would be helpful for you to make a decision :)
Amazon.com
The "commanding heights," according to Pulitzer Prize-winner Daniel Yergin and international business advisor Joseph Stanislaw, are those dominant enterprises and industries that form the high economic ground in nations around the globe. In their analysis of the new world economy, The Commanding Heights: The Battle Between Government and the Marketplace That Is Remaking the Modern World, they examine "the individuals, the ideas, the conflicts, and the turning points" that are responsible. And by considering events such as the ongoing Asian monetary crisis, they suggest what the ultimate interconnection of financial markets might mean in the future.
Book Description
The Commanding Heights is about the most powerful political and economic force in the world today -- the epic struggle between government and the marketplace that has, over the last twenty years, turned the world upside down and dramatically transformed our lives. Now, the Pulitzer Prize-winning author of The Prize joins with a leading expert on the new marketplace to explain the revolution in ideas that is reshaping the modern world. Written with the same sweeping narrative power that made The Prize an enormous success, The Commanding Heights provides the historical perspective, the global vision, and the insight to help us understand the tumult of the past half century.
Trillions of dollars in assets and fundamental political power are changing hands as free markets wrest control from government of the "commanding heights" -- the dominant businesses and industries of the world economy. Daniel Yergin and Joseph Stanislaw demonstrate that words like "privatization" and "deregulation" are inadequate to describe the enormous upheaval that is unfolding before our eyes. Along with the creation of vast new wealth, the map of the global economy is being redrawn. Indeed, the very structure of society is changing. New markets and new opportunities have brought great new risks as well. How has all this come about? Who are the major figures behind it? How does it affect our lives?
The collapse of the Soviet Union, the awesome rise of China, the awakening of India, economic revival in Latin America, the march toward the European Union -- all are a part of this political and economic revolution. Fiscal realities and financial markets are relentlessly propelling deregulation; achieving a new balance between government and marketplace will be the major political challenge in the coming years. Looking back, the authors describe how the old balance was overturned, and by whom. Looking forward, they explore these questions: Will the new balance prevail? Or does the free market contain the seeds of its own destruction? Will there be a backlash against any excesses of the free market? And finally, The Commanding Heights illuminates the five tests by which the success or failure of all these changes can be measured, and defines the key issues as we enter the twenty-first century.
The Commanding Heights captures this revolution in ideas in riveting accounts of the history and the politics of the postwar years and compelling tales of the astute politicians, brilliant thinkers, and tenacious businessmen who brought these changes about. Margaret Thatcher, Donald Reagan, Deng Xiaoping, and Bill Clinton share the stage with the "Minister of Thought" Keith Joseph, the broommaker's son Domingo Cavallo, and Friedrich von Hayek, the Austrian economist who was determined to win the twenty-year "battle of ideas." It is a complex and wide-ranging story, and the authors tell it brilliantly, with a deep understanding of human character, making critically important ideas lucid and accessible. Written with unique access to many of the key players, The Commanding Heights, like no other book, brings us an understanding of the last half of the twentieth century -- and sheds a powerful light on what lies ahead in the twenty-first century.
Download Description
The Commanding Heights is about the most powerful political and economic force in the world today -- the epic struggle between government and the marketplace that has, over the last twenty years, turned the world upside down and dramatically transformed our lives. Now, the Pulitzer Prize-winning author of The Prize joins with a leading expert on the new marketplace to explain the revolution in ideas that is reshaping the modern world. Written with the same sweeping narrative power that made The Prize an enormous success, The Commanding Heights provides the historical perspective, the global vision, and the insight to help us understand the tumult of the past half century. Trillions of dollars in assets and fundamental political power are changing hands as free markets wrest control from government of the "commanding heights" -- the dominant businesses and industries of the world economy. Daniel Yergin and Joseph Stanislaw demonstrate that words like "privatization" and "deregulation" are inadequate to describe the enormous upheaval that is unfolding before our eyes. Along with the creation of vast new wealth, the map of the global economy is being redrawn. Indeed, the very structure of society is changing. New markets and new opportunities have brought great new risks as well. How has all this come about? Who are the major figures behind it? How does it affect our lives? The collapse of the Soviet Union, the awesome rise of China, the awakening of India, economic revival in Latin America, the march toward the European Union -- all are a part of this political and economic revolution. Fiscal realities and financial markets are relentlessly propelling deregulation; achieving a new balance between government and marketplace will be the major political challenge in the coming years. Looking back, the authors describe how the old balance was overturned, and by whom. Looking forward, they explore these questions: Will the new balance prevail?
Customer Reviews:
Capitalism won. Socialism lost........2007-08-13
That's the central message of this book. But to know why it happened, how it happened, and the geographic extent of this outcome, you need to read this fascinating book.
Now if we can just get our own federal government to realize this . . .
Also read what could be a good companion book: The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
Good Primer But Authors Show Shallow Understanding.......2007-06-19
This book offers a good historical review of the struggle between free market and government controlled, socialist economies, the ideas behind the struggle, the main characters and the intellectuals who shaped the struggle.
Nevertheless, the book makes it look like market controlled economies have achieved the ultimate triumph when the case is far from that. The so called 'capitalist' economies of today are more controlled by government that they ever were and they have been rather re-regulated than deregulated.
The book would make a good reading for those interested in history but I wouldn't subscribe too much to its premise that Capitalism has triumphed.
Not critical enough; offers one perspective and does not back it up.......2006-11-18
This book was rather fun to read but I am not convinced that the authors have as deep an understanding of the phenomena they are writing about as they would like the readers to believe. The book reads like a narrative, full of assertions that are not backed by rigorous analysis of hard evidence. The authors do not critically explore causal relationships, nor do they talk about research that has done so. They present only one particular perspective on the unfolding of events, and they do not defend this perspective against potential criticism.
My experience with economics has always reinforced the idea that causality can be difficult to establish, and can often operate in unexpected ways. An economist must proceed skeptically, being careful to explore alternative explanations and being prepared to defend assertions with theory and data. The authors do not seem to share this view, taking instead a more naive approach.
Maybe I was expecting too much; after all this book is meant to be accessible to non-economists. However, making a book more accessible does not necessitate a lack of rigour or the absence of critical thought; the authors could have removed some of the redundancy in the book (their writing is far from concise!) and replaced it with explorations of alternative perspectives. The book would be greatly enriched by adding more discussion of research that supports (or opposes) their views.
Very Good Review of 20th century political economy.......2006-11-07
This is as painless an education on world 20th century political economy as possible. It is very interesting, providing a lot of good intellectual background to the major events and excellent descriptions of the events themselves. The book places excessive emphasis on Hayek, who was an important figure representing a strong "pro-market" voice in economics, but probably less important than Friedman and no more important than several others. The "conflict" bewteen Hayek and Keynes is somewhat overstated. However, this is an excellent book and the corresponding DVD is also very good.
an excellent report of the world economy.......2006-02-13
Public sector economy or market economy, this is the epic quest of the twentieth century. In a time of unemployment and global markets, everyone is looking for an answer to get growth and employment high. Daniel Yergin examines the twentieth century under the aspects of political and economic point of views.
He begins with the New Deal; in witch Roosevelt tried to regulate the liberal free market. The Anti-Trust- Rules were the first step in a modern regulated market. A neoliberal market constitution was introduced by the German economists. Walter Eucken, Mueller-Armack and Roepke were the person who introduced the „Ordoliberalismus"(Freiburg school of economists) into the economic policy. Yergin and Stanislaw discussed the transformation of the socialist states from a socialist market condition into a free market, after the Soviet Union broke down. These new economies of the Warsaw Pact states troubled with the release into the capitalist world. They showed how these transformation works, especially in Poland. Against this transformation they show how the Old Europe had problems with the expansion of the market into the east. In Western Europe the unemployment rate rose to an unknown high and the social problems of the welfare system rose too.
Yergin and Stanislaw explained the economic policy of Margaret Thatcher and the third way of Tony Blair and Gerhard Schroeder.
Beyond this political point of views Yergin and Stanislaw explains the theoretical background of the modern economics. The Chicago school by Milton Friedman, Alfred Kahn economic of regulation and Keynesianism is discussed.
The future lies in the Asian markets and the growing Indian market. They explain the population problems of these countries and how the World Bank gets further with it.
I think it is an excellent book for the economist. It shows how the theoretical background is applied. There are good examples to explain it to the reader who are not familiar with the economic thinking.
Book Description
A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs.
In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers.
Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.
Customer Reviews:
Enjoyable history of the development of growth theory.......2007-10-05
David Warsh presents the economic problem of increasing returns in this history of economic theory from Adam Smith up to Paul Romer, which is to say the present day. The first half of the book is primarily a recap of the history of economics with a focus on the built-in problem of increasing returns. The problem being that growth and increasing returns were always the result of external factors rather than intrinsic to the economic model.
The emergence of growth theory, as propounded by Romer, has led to a "tectonic shift" in the conceptual foundations of economics, according to Warsh. This shift started almost a century ago and culminated in Romer's "Endogenous Technological Change" paper. The after-effects of the realization that land, labor, and capital can be rethought of as people, things, and ideas are still to be realized.
Warsh spends a bit of time in hero-worship of Romer, which I found somewhat dragging. However, the rest of the story, with its interplay of competing economic theories, not to mention competing economists, was well-described by the author. I didn't come away with a very deep understanding of the issues at play, but I did get broad exposure to those various issues. My curiousity is certainly piqued.
The book works well as a general interest reader for anyone wanting to get a handle on the most recent developments in economic theory. The book is very readable, though the lack of technical details (and a gut feeling that Warsh is sometimes glossing over things that he himself doesn't understand) makes it difficult to take the book 100% seriously.
Economic History at its Best.......2007-08-23
It is no secret: ideas motivate the world. They propel markets. As obvious as it seems today, it has not always been so.
It was not until 1980 when a 24 year-old graduate student, Paul Romer tackled the role of knowledge that the concept assumed it rightful role. It took him eight years to solve the puzzle. While the problem was clear, the tools to solve it were not.
David Warsh, an economic journalist, narrates this tale of economic discovery. Drawing vivid portraits of those pioneering economists who work advanced this idea, Warsh explores Adam Smith's paradox of falling costs. He explains the contributions of Smith, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter, Paul Krugman, Robert Solow, Kenneth Arrow, Robert Lucas and, of course, Romer.
His portraits draw a rich picture of how theoretical economics evolves. The personal struggle to clarify disparate vapors of ideas, luncheon meetings with colleagues for inspiration, the circulation of notes, preparation of papers, the struggle publish them in respected journals and attendance at conferences.
A skillful writer blessed with the ability to translate complex ideas into clear and concise prose, Warsh brings new insights and understanding to problems posed more than 200 years ago by Adam Smith.
More Economic History than Economic Thought.......2007-06-24
Warsh has authored a well written book with a compelling tale of the foundations of theory of economic growth. More than anything else, it is a story of Paul Romer and his groundbreaking ideas. Romer is a remarkably creative thinker on a search for an economic theory (aka model) to explain growth. The author starts us on Romer's odyssey first with a brief history back to Adam Smith. It is clear Romer stood on the shoulders of giants (Smith, Marshall, Arrow, et al) in formulating theories (models) for growth, recognizing the value of knowledge and technology.
The kernel of the story becomes a bit muddled at times as Warsh becomes more fascinated with the great economists than he is about great economic ideas. The book is not written with a clear exposition of the evolution of economic thinking. It is written toward explaining the history of events of how the evolution of the thinking occurred. As such, it can be a tough slog as we are introduced to one economist after another without sufficient explanation of each person's contribution of ideas and how it fits into the mosaic of 'the real economy' (my emphasis). Romer comes and goes throughout the chapters but he is the central subject.
Toward the end (chapter 25), the history of Microsoft is introduced as an example of the ultimate 'pin factory' (Adam Smith). At this point in the story, reading about MS feels artificial and disconnected. I would have left it out completely.
One interesting observation was leading economists make 'discoveries' through models, explaining through sophisticated mathematics what the average businessman already knows from observation and experience. I felt this throughout the book so was not surprised when the author recounted a story of Krugman testing a new learning from a model on a non-economist friend. The friend's response was the discovery was "obvious". This says something about the theoretical economist's need to connect with the real world as opposed to spending all their time with models. To be fair economists must work with models which are mathematically well behaved, similar to physicists and engineers working with linear equations which are tractable for solution. These models often require assumptions or simplification which leaves out important factors. (I do worry at the unreal assumptions in the models described since many of these same economists find their way to be Presidential advisors or Fed Governors.)
I am glad I read the book and learned about how the profession develops its thinking. I also wonder if the time was well spent.
Great Topic; Anecdotal Book.......2007-05-12
A good overview, particularly for non-technical readers. Too superficial, anecdotal, repetitive, and imprecise for readers who want to find out what the major economic models really are and how they compare with economic data. For such readers, Charles Jones's Introduction to Economic Growth is much better.
Disappointment.......2007-02-17
Most of the reviewers of this book apparently found it to be impressive. Sadly I did not.
Too little time is devoted to offering adequate clear explanations of the economic ideas and theories being addressed, too much time is devoted to irrelevant social asides. The non-economist reader seeking to understand the economics as opposed to learning a great amount of academic gossip and politics will probably be disappointed. I wanted to understand growth theory. I did not and do not care that the reason why Paul Romer left Chicago for the Bay Area was that his wife had a disagreement with her lab manager or that Paul Romer has developed software to teach economics. I found such digressions to be unnecessary and distracting.
To cite just two of the book's specific limitations:
(1) The book lacks referential footnotes and a bibliography. Readers not already familiar with the subject wishing to pursue a topic further will be at a loss.
(2) The book lacks a glossary. Throughout the book numerous technical terms are introduced and, at best, briefly described. It would have been nice to have all of these key terms explained in one place for easy reference.
Small efforts on the part of the author would have remedied both of these deficiencies.
Book Description
Groundbreaking essays on the new global economy from an "expert observer" (Forecast). Saskia Sassen is an internationally recognized expert on globalization whose writings have appeared in journals and magazines worldwide. Now available in paperback, Globalization and Its Discontents is a collection of Sassen's essays dealing with topics such as the "global city," gender and migration (reconceived as the globalization of labor), information technology, and the new dynamics of inequality. Sassen brings together cultural and literary studies, feminist theory, political economics, sociology, and political science, showing how vast the chasm between metropolitan business centers and low-income inner cities has become. Incisive and original, she takes on common political, cultural, and economic misconceptions of globalization and offers a thoughtful, provocative new look at our increasingly global society.
Customer Reviews:
brilliant ideas, mediocre writing.......2005-11-08
This is probably as good an introduction to Sassen's work as any, as she covers most of her major ideas with relative brevity. The title is rather misleading (as is the case of Stiglitz's (later published) work of the same name)--she focuses on the dynamics and effects of globalization and does not discuss organized resistance by social movements to it. Sassen sees three macro-level phenomena at work--the hypermobility of capital, the "unbundling" of state sovereignty, and the rise of global cities. It is the last of these ideas for which she is probably best known. She does not really get into an analysis of the hypermobility of capital here, but many other authors have covered that matter. Her analyses of the unbundling of state sovereignty and the rise of global cities are far more original. Against the background of these macro-phenomena, Sassen also analyzes the rise of the service economy, immigration patterns, and the changing roles of women.
I'm not sure how to fairly summarize Sassen's ideas in a brief review. To hit the high points, she argues that as systems of international law grow, the traditional sovereignty of the state is transformed, with its pieces of it being unbundles and some elements being transferred to international organizations, such as the UN and WTO. There are actually two distinct international law regimes--the human rights regime and the more powerful neoliberal regime, enforced by the likes of the WTO and IMF. This neoliberal regime has enabled the rise of the global economy.
Contrary to all the hype about globalization, the internet, and a "dematerialized" economy though, Sassen argues that the politics of place remain as important ever. This brings her to her analysis of global cities. If we are to have the high speed communications created by the internet, we need a physical infrastructure for it, fiber-optic cables and all that--a seemingly obvious point, but one often overlooked. This infrastructure is not evenly distributed either internationally or nationally. It is in fact concentrated in global cities, most of which are, not coincidentally, in the first world. The three chief global cities are, in fact, New York, London, and Tokyo. These global cities are at the heart of the new service sector that is so important to the global economy. As corporations' operations are more globally decentralized, power--control of these operations--has become more centralized in the global cities, which have the telecommunications infrastructure to do all the necessary coordinating of information.
Much of this coordination is in fact outsourced to specialized corporations providing services to the other corporations, in such fields as accounting, insurance and--the truly dominant force in gloablization--finances. These corporations are staffed by a new professional class, which has moved to the city, abondonning the suburbs, demanding upscale services. The downside of this is the shrinking of the traditional middle-class and the old economy based on mass production, mass consumption, and mass prosprity. Instead what is growing is a poor working class of workers providing personal (as opposed to corporate) services (such as house-cleaning, child care, janitorial services, or retail), often to the professionals who work doing corporate services. Thus there is a growing economic divide in the global cities. A disproportionate number of the people working in the poorly paid personal service sector are women and immigrants.
Sassen notes that, not only is globalization responsible for the rise of the poorly paid service sector, but immigration as well. Contrary to popular myths that the best way to stop immigration is to encourage foreign investment in immigrant-sending countries and create jobs there, Sassen actually argues that this creates more immigration, not less. Current patterns of foreign investment tend to exacerbate poverty, not cure it. And by working for foreign companies, workers gain some familiarity with the cultures of the US, Europe and increasingly Japan. This familiarity makes it easier for them to then immigrate to the first world in search of work. And there are a lot of other ideas I'm leaving out.
So, if I think this book is so brilliant, why am I only giving it four stars? Poor writing. As a previous reviewer noted, all the essays in this book were previously published elsewhere. I don't think this makes this book worthless (and therefore worthy of only one star)--it is convenient to have them gathered all in one place--but it does make the book somewhat disjointed and repetitive. But original works by Sassen, such as /Global City/, have the same problem. The fact is, despite her intellectual brilliance, she is a poor writer. Mind you, she is not like some writers, such as Hegel or Baudrillard, who seem to revel in their own incomprehensibility. She can be understood, but her writing is often something of a slog. She needs a good editor or some writing lessons.
Despite that, this book is definitely worth reading if you want to explore in-depth some important, unorthodox ideas about globalization.
Warning: Contents Older than Globalization.......2002-09-29
What purports to be a book on globalization is actually only peripherally about globalization writ large. Sassen is interested in more specific aspects of globalization: its impact on migration (the huge theme of this book), its place-specificity, and its resultant dispersal of powers that used to belong solely to the nation-state. Her points are good, but you don't need this book to get them, since she's made them all elsewhere and ages ago; in brief, the occasional new insights are not worth it.
Sassen's biggest contribution to the theorization of globalization is her attention to the global city, which she posits as a site of the physical infrastructure that enables the more diffuse projections of the world market. In these cities (like New York, L.A., Tokyo, London, Rio, etc.), high-wage, white-collar workers brush against the low-wage, largely immigrant diasporae that keep the global city running; immigrants form blocs that see a certain degree of enfranchisement and force adjustments in transnational immigration law; and globalization marches on. It's interesting stuff, but it's not new. Sassen's own book on "The Global City" scoops these chapters. And that's pretty much true of the rest of the book.
The two chapters on gender and globalization are much more valuable (and more recent) here, as she starts in on what she calls "the unbundling of sovereignty," the appropriation of political punch from nation-states and the relocation of it into the hands of NGOs and the global market. Unfortunately, while she opens up a great area of inquiry, she doesn't take it very far at all, "since the effort here was not to gain closure but to open up an analytic field." As they stand, these chapters are frustratingly suggestive but ultimately not very thorough or useful. Hopefully she'll revisit the theme later.
The stylistic question is a thorny one; several reviewers have already blasted Sassen for the way she writes. She's certainly not the easiest read, and her incessant neologisms are annoying. ("Operationalizing"? Can we not say, "making operational"?) You can fault her for that. But you can't fault her for writing like a sociologist, and that is largely how she writes. It's dry, there are charts and facts and figures, but the prose is economical and fairly clear (fake words aside!).
By and large, though, this isn't a must-read. If you're really interested, check out her books, "The Global City" and "The Mobility of Labor and Capital." They treat the same subjects, but in more useful detail.
Muddled and Confused.......2002-02-21
This book suffers from the kind of obfuscated language that a growing number of scholars seem to be able to get away with. Don't get me wrong: there are some interesting ideas in here. But their rewards do not outweigh the costs of sifting through the jargon-laden prose. The author should take a basic writing course.
Globalization and Its Disappointments.......2000-11-16
I had much hope for this book. I was expecting a work which would shift debates about globalization in a new direction. What we get, on the other hand, is poorly written, badly argued, and repetitive work that offers very little in the way of substantive theory or analysis.
The book is a collection of essays that Sassen has published elsewhere between 1984 and 1997. Except for the introduction, there is no new material here. Furthermore, in many cases the content of one article is reproduced in another article in the book. Rather than reinforcing important arguments, it seems clear that Sassen is trying to get as much mileage possible out of her work. It doesn't work.
The book contains hundreds of endnotes (in many cases they contain the most important information) which should have been incorporated into the text. Furthermore, she offers no conclusion to her analysis and the last chapter itself is quite unsatisfactory.
In short, this book is poorly written, tedious, and unoriginal.
Actually 4 and a Half.......2000-06-13
An excellent overview of the changing conditions of the Global Cities and a fresh look after her excellent book "Global Cities". Especially liked the essays about the concentration of power and wealth in cities like New York, London or Tokyo amid the exploitation of cheap immigrant labor.
Essential fro everybody who's trying to understand the processes that have lead so many to oppose globablization trends the GATT and NAFTA agreements and others that keep changing the worl we live in
Average customer rating:
- Hmm. Decent
- Excellent Textbook
- a must-have for your private library
- Coherent synthesis of modern open economy macro literature
|
Foundations of International Macroeconomics
Maurice Obstfeld , and
Kenneth S. Rogoff
Manufacturer: The MIT Press
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Lectures on Macroeconomics
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Advanced International Trade: Theory and Evidence
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Advanced Macroeconomics
ASIN: 0262150476 |
Book Description
Foundations of International Macroeconomics is an innovative text that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. With its clear and accessible style, it is suitable for first-year graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. Each chapter incorporates an extensive and eclectic array of empirical evidence. For the beginning student, these examples provide motivation and aid in understanding the practical value of the economic models developed. For advanced researchers, they highlight key insights and conundrums in the field.
Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, the implications of (and problems inherent in) international capital market integration, growth, inflation and seignorage, policy credibility, real and nominal exchange rate determination, and many interesting special topics such as speculative attacks, target exchange rate zones, and parallels between immigration and capital mobility.
Most main results are derived both for the small country and world economy cases. The first seven chapters cover models of the real economy, while the final three chapters incorporate the economy's monetary side, including an innovative approach to bridging the usual chasm between real and monetary models.
Customer Reviews:
Hmm. Decent.......2005-10-18
I laughed, I cried. Of course this is just an macro econ book for grad students for open econ. Builds up very gradual. But could have been written better. Don't expect any climatic love story for Autarky rates. But I enjoyed Romer's Macroecon book more, because it includes more case studies on certain theories. Since you will be reading this book for a grad class, you really have no choice, you got to buy this book, if you want to pass the prelims.
Excellent Textbook.......2005-03-08
International economics is not my field, even if I do find it interesting. As a graduate student, I liked this book a lot. It is not brilliantly written, and it is at times rather dull reading. BUT it a VERY clear and modern treatment of an important subject by two of the best scholars in the field. Overall, it's a very "user-friendly" graduate textbook. Not very entertaining, but it allows you to go through the material (much of it rather advanced) without too much pain, and without many leaps of faith (or pages of algebra) to go from one equation to the next. And there are many well developed applications which will help you see how the theory relates to the real world. There are many exercises to test your (or your students') knowledge of the field, whose solutions are also separately available.
Being this a graduate textbook, reading it requires a strong technical background, so if you are simply looking for a book to deepen your knowledge of a subject that you may only know through op-ed pieces, you should probably look elsewhere (e.g. undergraduate textbooks such as Krugman and Obstfeld). But if you are looking for an advanced but approachable and modern treatment of international macro, this book would be a very good bet. Highly recommended.
Here are some details about the book:
The chapters
1 Intertemporal Trade and the Current Account Balance
2 Dynamics of Small Open Economies
3 The Life Cycle, Tax Policy, and the Current Account
4 The Real Exchange Rate and the Terms of Trade
5 Uncertainty and International Financial Markets
6 Imperfections in International Capital Markets
7 Global Linkages and Economic Growth
8 Money and Exchange Rates under Flexible Prices
9 Nominal Price Rigidities: Empirical Facts and Basic Open-Economy Models
10 Sticky-Price Models of Output, the Exchange Rate, and the Current Account
Some examples of the applications
- Energy Prices, Global Saving, and Real Interest Rates
- The Relative Impact of Productivity Shocks on Investment and the Current Account
- Do Government Budget Deficits Cause Current Account Deficits?
- Feldstein and Horioka's Saving-Investment Puzzle
- Government Debt and World Interest Rates Since 1970
- Sectoral Productivity Differentials and the Relative Prices of Nontradables in Industrial Countries
- Productivity Growth and Real Exchange Rates
- International Portfolio Diversification and the Home Bias Puzzle
- How Large Are the Gains from International Risk Sharing?
- How Costly Is Exclusion from World Insurance Markets?
- How Have Prior Defaults Affected Countries Borrowing Terms?
- Can Capital Deepening Be an Engine of Sustained High Growth Rates: Evidence from Fast-Growing East Asia
- Population Size and Growth
- Testing for Speculative Bubbles
- Central Bank Independence and Inflation
- Openness and Inflation
Appendix
- Methods of Intertemporal Optimization
- A Model with Intertemporally Nonadditive Preferences
- Solving Systems of Linear Difference Equations
- Multiperiod Portfolio Selection
- Continuous-Time Maximization and the Maximum Principle
a must-have for your private library.......2002-10-13
Currently I'm using this book for my class called Trade and Economic Growth I II. The nuances of microeconomic foundations found in chapters 1 to 5 are used to explain and develop the concepts studied in open economy macroeconomics and international finance; so it is recommended that you understand fully the first three chapters of this book at least to understand the rest. The authors try to explain the concepts as clear as possible; however, you have to derive for yourself the equations that appear in the text, which is a challenge for most first year graduate students who are not yet proficient in using the tools of static/dynamic optimization, etc. A reference on mathematical economics such as Chiang's "Fundamental methods of math. econ.," and "Elements of dynamic optimization," or Simon Blume's "Mathematics for economists" should be kept near at hand. Nevertheless, there are many real-world examples that help clarify matters and make the this book more readable and interesting.
Coherent synthesis of modern open economy macro literature.......1998-12-10
The authors recognized the problems with the way that the subject of open economy macroeconomics has been taught in graduate programs in the past. In particular, there was little agreement and no definitive text that tied together any unified theme. Eclectic reading lists, mainly from the 1960's and the 1970's, were provided on each subject area with major changes in analysis required to shift from one area to another. The counter argument from others in the field was that the modern literature lacked policy relevance. The authors' retort by claiming that the "classic approach" lacks internal consistency and the micro foundations required. Moreover, the older approach has been criticized for failing to deal with dynamics clearly and does not address many of the policy issues that are relevant today. With the exception of two chapters on money the text builds up from a single analytical framework to display several of the key results in international macroeconomics and growth. A rigorous approach based on the micro foundations of macroeconomics is used throughout the text. While this approach may be criticized for putting forward only a Neoclassical method, the authors have made an effort to include models of imperfections and some material based on Keynesian underpinnings. The text gives a current appreciation of the state of the literature in the field and as such is an excellent reference tool. The authors' vigilance in updating the material in the text via the web site is particularly appealing as it keeps it contemporary. For the targeted consumer: the graduate student (like myself) and certainly the academic, the level of sophistication is not prohibitive.
Average customer rating:
- high thickness to content ratio
- This really _IS_ Brain Surgery!!!
- A sound theory and practical methods
- Root-Cause Analysis and Reality Trees
- Tools for reaching The Goal!
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Goldratt's Theory of Constraints: A Systems Approach to Continuous Improvement
H. William Dettmer
Manufacturer: ASQ Quality Press
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Breaking the Constraints to World-Class Performance
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The Goal
ASIN: 0873893700 |
Book Description
Organizations live or die as systems not processes. Their success or failure is a function of how well the different component processes interact with one another. Real quality improvement isn't possible without the knowledge that comes from an understanding of the theory of knowledge, knowledge of variation, an understanding of psychology, and appreciation for systems. Goldratt's Theory of Constraints addresses best-selling author Eli Goldratt's unique approach to dramatically improving corporate performance, found throughout his books, The Goal (North River, 1992) and It's Not Luck (North River, 1994). This book thoroughly explains the theory of constraints, as well as detailing for the reader exactly how to problem solve using TOC.
Customer Reviews:
high thickness to content ratio.......2007-09-13
This book is padded to 378 pages. It is repetitive with long summaries and example at the end of each chapter. A table of contents at the begining of each chapter. Rhetoric questions in the text. Diagrams for simple ideas that don't need them.
I was looking for a book to explain the basics of TOC and to this end the book was helpful - it just could have been half the size.
This really _IS_ Brain Surgery!!!.......2006-12-20
Some folks who just now may be getting to know the Theory of Constraints (TOC) might be surprised at what they find in this book. Open it at random to any page, and you are looking at a diagram of some sort! This text is not about bottle necks and constraints; it is not about Critical Chain Project Management (CCPM). Rather, it is about the "Thinking Tools" of TOC.
So many great philosophies and theories of management become fashionable -- only then to suffer the indignity of superficial implementations at the hands of hasty zealots. TQM and Lean are two examples of important movements which were the basis of many failed projects in industry. In the final analysis, "Knowing what you are talking about" is often the missing ingredient. Moreover, when you are struggling to get "out of the box," how can you be sure you don't fall victim to the same assumptions (to your own self-deceptions) that put you there in the first place?
Dettmer's cornerstone text "Goldratt's Theory of Constraints: A Systems Approach to Continuous Improvement" takes you in [baby] steps through the entire TOC Thinking Process. Many will find this process excruciating perhaps, but this is what it takes. There are five graphical tools, five different [network] trees, one uses to analyze problems and solutions, and the especially important path between these two "realities." Dettmer takes great care to show you how to be sure of every single piece of your puzzle as you seek honestly to characterize your Current Reality, the Future Reality, the Prerequisites, and the Transition (the step-by-step plan). These represent four of the "Trees" (CRT, FRT, PRT, TT), and the Conflict Resolution Diagram (CRD) is the fifth. In addition to these, Dettmer explains the "Categories of Legitimate Reservation," which are the logic rules one uses to guide the TOC Thinking Process.
On page 22 Dettmer says, "These trees, the Categories of Legitimate Reservation, and how to use them is the subject of this book." Indeed, it really is. Nearly 400 pages of precision, it's no barrel of laughs; I can tell you that! But after scanning a dozen other books for exactly how to do this, I was happy to find someone who finally was willing to bite the bullet and get it done.
Plus, he knows what he is talking about.
Once you have the Transition Tree, you'll possibly want to formulate and track your implementation project using the Critical Chain Project Management (CCPM) methods of TOC (as opposed to the failure prone Critical Path Method). There are many books on that subject. And there are now CCPM Add-Ins for Microsoft Project from several companies. But it would be easy to question your plan if it were not subjected to the same degree of rigorous analysis described by Dettmer's book. In the final analysis, "Knowing what you are talking about" is all too often the missing ingredient.
A sound theory and practical methods.......2006-01-20
This is a very readable book for which we intend to build courseware around. The book is laid out in a logical and progressive order. Each chapter table of contents can be used as headers for class notes. At the end of each chapter, there's an excellent summary and graphic diagrams or tables that can be used as jobaids. If you read, understand, and apply the information in this book it will definetely enable you to make more accurate assessements of "undesirable effects" and propose sensible solutions.
Root-Cause Analysis and Reality Trees.......2005-09-10
Dettmer's discussion on finding root causes of undesirable conditions or effects is the best I've seen. It's easy to go down a rathole when trying to drill into a set of what appears to be causes of the undisirable conditions. He also shows strong value of using reality trees to define what is and how we might be able to get to what ought to be.
Tucson, Arizona
Tools for reaching The Goal!.......2004-04-23
Many readers are familiar with Eliyahu Goldratt's hugely successful business novels The Goal and Its Not Luck. In these two books and his non-fiction work, Goldratt presents his "Theory of Constraints" and examples of how to apply it in practice.
Until now, Goldratt fans have had limited options for putting the Theory of Constraints into practice. Developing the methodology from the limited treatments in the novels may work in simple situations, but is unlikely to achieve its full potential in all but the most straightforward applications. True believers can take several days of formal training at the Goldratt Institute and earn the "Jonah" credential, but this approach is beyond the budgets and zeal of many.
Between these extremes, the American Society for Quality has published two very useful books by H. William Dettmer: Goldratt's Theory of Constraints - A Systems Approach to Continuous Improvement and Breaking the Constraints to World-Class Performance. Each is a superb tool, but they are appropriate for different audiences.
The first book, Goldratt's Theory of Constraints, is a thorough, textbook style treatment of how to develop the logic trees that underlie all Theory of Constraints analyses. It is most useful to people who will apply the Theory of Constraints in their organizations and want "how-to" training. It is also appropriate for a graduate level course in the methodology. The diagrams and graphics in the book are excellent and are critical to its usefulness.
The second book, Breaking the Constraints..., is aimed at general business readers and senior managers who want to understand the Theory of Constraints and its potential for improving an organization, but do not need the full complement of tools to become a full-fledged "Jonah". The book makes excellent use of case studies and examples. It, too, boasts diagrams and graphics that are essential to its value.
Breaking the Constraints..., will appeal to the wider audience. It is appropriate for readers who are interested in the Theory of Constraints, but want to have a deeper understanding of it before deciding to make it a core element of their approach to quality. It is also a tool to help champions of the Theory of Constraints educate both team members and bosses.
Both books will appeal to Theory of Constraints practitioners, while Breaking the Constraints... is more appropriate for the reader with an interest in the topic, but who will not be leading the team applying it.
(Robert Bradford is CEO of the Center for Simplified Strategic Planning and co-author of Simplified Strategic Planning)
Book Description
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach.
Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.
Book Description
Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.After an introduction to the general issues and problems in market microstructure, the book examines the main theoretical models developed to address inventory-based issues. There is then an extensive examination and discussion of the information-based models, with particular attention paid to the linkage with rational expectations model and learning models. The concluding chapters are concerned with price dynamics and with applications of the various models to specific microstructure problems including:- Liquidity.- Multi-market trading.- Market structure.- Market Design Market Microstructure Theory includes extensive appendices developing Bayesian learning and the rational expectations framework.
Customer Reviews:
A good book, if you are prepared for it........2005-10-10
If you are serious about learning Market Microstructure this book is a great preview to reading the actual papers. It gives you enough intuition that you can approach classic papers by Stoll, Glosten and Milgrom, Easley and O'Hara, Kyle, etc.
Also, you do not need a serious knowledge of the subject matter to open this book (although it helps to have an undergraduate level investments class under your belt). However, finance prerequisites aside, you should be prepared with a fairly thorough knowledge of microeconomics and statistics. A semester or two at a good graduate economics program should do the trick. Otherwise, this can be a tough read.
A classic in market microstructure theory.......2004-10-25
I do not imagine a faculty of management's library without this book avalailable for M.Sc. and Ph.D. students.
As opposed to another reviewer, I really liked the structure. Starting with inventory problems, then dealing with asymetric information and finally going thru agent's strategic behavior; you get the big picture regarding the main issues in market microstructure.
Maybe a bit more detail and explanations on the derivation of some basic models would have been more value added. Unfortunately, you must move on to the original published academic paper to get a fully understanding of any particular model. You cannot rely exclusively on the book.
The Bible of market microstructure theory.......2000-10-12
This is the quintessential book on the theory of the microstructure of financial markets. Although it is not meant for people with just a casual interest in the area, it is nevertheless an indispensable book for academics and for people serious about the topic.
It is also far more readable and understandable than Daniel Spurber's book which provides little of the working intuition of O'Hara. In fact Spurber is meant more for the theoretical economist with an interest in market microstructure, whereas O'Hara appeals to a broader audience in the field of finance.
A Counter Point.......2000-07-01
This book does not need praise. It is widely considered the best introduction to the academic work in market microstructure. The only reason I've listed this review is to counter the unfortunate review already listed. This book is perfect for the researcher or PhD student interested in the issues addressed in market microstructure. Although the book is not written for the average mba student, a careful read would benefit anyone interested in the structure of markets.
Lacks in both organization and clarity ........1999-01-10
The book is meant to describe market microstructure. My discovery is that one needs to know a lot about the subject matter to get anything out of it. I had the feeling of reading footnotes without seeing the text! It quotes authors and papers without the slightest indication as to what they are about. I do not recommend it. But there are other books covering the subject. Campbell, Lo and McKinlay (The Econometrics of Financial Markets) proovides in one chapter more information that this book. FInally, there is a French book on the topic that is excellent; it would call for a translation (the authors are Biais,Foucault & Hillion).
Book Description
The Macro Polity provides the first comprehensive model of American politics at the system level. Focusing on the interactions between citizen evaluations and preferences, government activity and policy, and how the combined acts of citizens and governments influence one another over time, it integrates understandings of matters such as economic outcomes, presidential approval, partisanship, elections, and government policy-making into a single model. The book's macro and longitudinal focus makes it possible to directly connect the behaviors of electorate and government.
Customer Reviews:
An important and innovative work.......2007-02-10
This is one of the most interesting and important books on public opinion published in recent years. It is a direct descendant of V. O. Key's wonderful little book, "The Responsible Electorate."
Erikson et al. explore the dynamics related to the "macro polity." Many works on political behavior and public opinion fo0cus on individuals, using survey research results. This book aggregates the survey results to the level of the citizenry at large, and traces changes (and their effects) in the public mind over time. The authors follow the public mind from the Eisenhower through the Clinton years. On the one hand, this is only a limited slice of American history. On the other hand, this is the period (starting with Eisenhower) when we have the most useful survey data.
This is an academic work, and readers need to understand that. To critique this as too academic is to misunderstand the focus and purpose of this work. Nonetheless, even nonacademics can learn a great deal from this work if they persevere.
Studies of individual citizens'' attitudes and behavior are not flattering. Individuals are rather ill-informed, don't have a great deal of accurate knowledge of politics, and express attitudes and opinions that they may not really have. But a study of the "macro polity" yields another picture--of a collective wisdom that is far more astute than the individual level data might suggest. That's a key point of this book (as well as others like Page's and Shapiro's "The Rational Public").
On page xxi, the authors state this explicitly: "It is true that individual Americans have a weak grasp on the essentials of economics and economic policy, and it is also true that Americans, in the aggregate, are highly sensitive to real economic performance." In short, ". . .electorates are not myopic. . . ."
One of the most important aspects of this work is its demonstration that public policy decisions by government actually seem to be affected by changes in aggregate public political views. By examining the relationship between policy decisions by various government entities (Congress, President, Supreme Court, for example), the authors conclude that (page 314)"Public opinion influences public policy."
In an interesting experiment, the authors simulate what would have happened to the public mind, to party control of government, and so on if Jimmy Carter had won re-election in 1980. Chapter 10 is a provocative chapter, exploring "What might have been."
All in all, this is one of the more important and well done volumes focusing on public opinion--and its impact on politics (and the effects of politics on public opinion) in recent years. For academics, a great read. For nonacademics, this may be a tougher read, but it would be well worthwhile to persevere.
Strong Premise Sunk By Tedious Presentation.......2004-02-21
This is a book that deserves to be influential in the field of political science, for both good and bad reasons. The theories presented here deal with macro-level or system-wide trends in American political behavior. If the authors can be believed, there was little previous work done in this area. Instead, political science focused on the behavior of individuals and then tried to aggregate the resulting data into system-wide theories. The evidence indicates that the behavior of the public is not always "the sum of the parts" and there are specific phenomena at play that influence the larger electorate, at the system level. The authors have conducted an impressive amount of research, which probably took years, including macro-level data about voting patterns, partisanship, ideological trends, presidential approval, and public opinion. Their conclusions about the existence of macro-level phenomena are generally believable and supported by the evidence, and their work will probably prove to be groundbreaking in the field.
On the other hand, this book embodies everything that is wrong with the academic side of political science these days. At least the authors will be accepted by their peers who value method more than insight. Here it becomes more important to impress one's peers by piling on endlessly repetitive evidence and trotting out unnecessarily complex statistical equations, all to prop up points that were already made convincingly in prose form. Each chapter in this book makes strong and believable points, but then degenerates into the worst of academic tedium, indicating that the authors chose (or were forced) to please ivory-tower editors and academic committees, rather than people in the outside world who could truly make use of their findings. Hence, we have a book with strong and often illuminating conclusions, sunk by the worst in academic writing and presentation. Next time these authors (and their publishers) choose to release their findings for consumption by the public, they should realize that this audience expects insight, not long-winded theorizing and statistics. [~doomsdayer520~]
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- Managing Bank Risk: An Introduction to Broad-Base Credit Engineering
- Microeconomics: Theory and Applications, Eleventh Edition
- Modern Industrial Organization (4th Edition) (Addison-Wesley Series in Economics)
- Modern Labor Economics: Theory and Public Policy (8th Edition)
- Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability)
- Multi-Objective Optimization Using Evolutionary Algorithms
- Natural Capitalism: Creating the Next Industrial Revolution
- New Introduction to Multiple Time Series Analysis
- Out of Control: The New Biology of Machines, Social Systems and the Economic World
- Physical Chemistry
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Microeconomics
