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Principles of Economics in a Nutshell Lorenzo Garbo, Dorene Isenberg, and Nicholas Reksten

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Principles of Economics in a Nutshell Lorenzo Garbo, Dorene Isenberg, and Nicholas Reksten Principles of Economics in a Nutshell Lorenzo Garbo, Dorene Isenberg, and Nicholas Reksten Suggested Readings Chapter 1: More Than Just the Stock Market. Introduction to Economics Brown, Claire (2017) Buddhist Economics. An Enlightened Approach to the Dismal Science, London: Bloomsbury Press. Diersmeier, Claus and Michael Pirson (2009) “Oikonomia Versus Chrematistike: Learning from Aristotle About the Future Orientation of Business Management,” Journal of Business Ethics, 88: 417-430. Daly, Herman E. and John B. Cobb Jr. (1994) For the Common Good, Boston: Beacon Press. Dobb, Maurice (1973) Theories of Value and Distribution since Adam Smith. Ideology and Economic Theory, Cambridge (UK): Cambridge University Press. Friedman, Milton (1962) Capitalism and Freedom, Chicago: Chicago University Press. Gabriel, Mary (2011) Love and Capital. Karl and Jenny Marx and the Birth of a Revolution, New York: Back Bay Books. Giddens, Anthony (1976) “Introduction,” in Max Weber’s The protestant Ethic and the Spirit of Capitalism, pp. vii-xxvi, London: Routledge (Reprint 1992). Heilbroner, Robert (1996) “Adam Smith,” in Teachings from the Worldly Philosophy, pp. 55- 105, New York: W.W. Norton & Company, Inc. Heilbroner, Robert (1996) “Karl Marx,” in Teachings from the Worldly Philosophy, pp. 159-195, New York: W.W. Norton & Company, Inc. Heilbroner, Robert (1996) “John Maynard Keynes,” in Teachings from the Worldly Philosophy, pp. 264-296, New York: W.W. Norton & Company, Inc. Heilbroner Robert and Peter Boettke (2018) “Economic System,” in Encyclopedia Britannica, https://www.britannica.com/topic/economic-system. Letwin, William (1964) The Origins of Scientific Economics, Garden City (NY): Doubleday & Company, Inc. Lutz, Mark and Kenneth Lux (1988) Humanistic Economics: The New Challenge, Lanham (MD): Rowman & Littlefield Publishers. Principles of Economics in a Nutshell – Suggested Readings Keynes, J.M. (1926) “The End of Laissez-faire.” London: Hogarth Press. https://www.panarchy.org/keynes/laissezfaire.1926.html Krugman, Paul (2007) The Conscience of a Liberal, New York: W.W. Norton & Company, Inc. Madden, Kirsten (2019) “Anecdotes of discrimination: barriers to women’s participation in economic thought during the late nineteenth and early twentieth centuries,” in The Routledge Handbook of the History of Women’s Economic Thought, edited by K. Madden and R.W. Dimand pp. 169-190, London: Routledge. Mayer, Thomas (2000) : The role of ideology in disagreements among economists: A quantitative analysis, Working Paper, No. 00-1, University of California, Department of Economics, Davis, CA; available at https://www.econstor.eu/bitstream/10419/79421/1/319784983.pdf Muller, Jerry Z. (1993) “The Historical and Institutional Foundations of Commercial Society,” in Adam Smith in His Time and Ours, pp. 63-76, Princeton (NJ): Princeton University Press. Muller, Jerry Z. (1993) “The Market: from Self-Love to Universal Opulence,” in Adam Smith in His Time and Ours, pp. 113-130, Princeton (NJ): Princeton University Press. Muller, Jerry Z. (2003) The Mind and the Market. Capitalism in Western Thought, New York: Anchor Books. North, Douglass C. (1992) “Institutions, Ideology, and Economic Performance,” Cato Journal, Vol. 11, No 3, pp. 477-457. Norman, Jesse (2018) Adam Smith. What He Thought, and Why It Matters, London: Allen Lane. Rostek, Joanna (2019) “English women’s economic thought in the 1790s: domestic economy, married women’s economic dependence, and access to professions,” in The Routledge Handbook of the History of Women’s Economic Thought, edited by K. Madden and R.W. Dimand, pp. 33-52, London: Routledge. Sandel, Michael J. (2012) What Money Can’t Buy. The Moral Limits of Markets, New York: Farrar, Straus, and Giroux. Schumacher, E. F. (2010 [1973]) Small is Beautiful. Economics as if People Mattered, London: Harper Perennials. Wheen, Francis (1999) Karl Marx. A Life, New York: W.W. Norton & Company, Inc. Principles of Economics in a Nutshell – Suggested Readings Chapter 2: Not in the Garden of Eden. Scarcity and Tradeoffs Conservation Strategy Fund (2014) “Intro to Cost-Benefit Analysis,” on YouTube, https://youtu.be/7tdKkeNClPE. Hamermesh, Daniel S. (2019) Spending Time: The Most Valuable Resource, Oxford: Oxford University Press. O’Roark, J. Brian (2019) Why Superman Doesn’t Take Over the World: What Superheroes Can Tell Us About Economics, Oxford: Oxford University Press. Owen, David (2010) “The Efficiency Dilemma,” The New Yorker, December 20 & 27. Sen, Amartya (2001) Development as Freedom, Oxford: Oxford University Press. Sen, Amartya (1999) “The Possibility of Social Choice,” The American Economic Review, Vol. 89, No. 3, pp. 349-378. Smith, Stacey Vanek & Cardiff Garcia (2019) “Is Time Really on Your Side?” The Indicator from Planet Money, National Public Radio, May 28. Principles of Economics in a Nutshell – Suggested Readings Chapter 3: Led by an Invisible Hand - The Market Barton, Stephen (2019) “The Economics of Residential Rent Control,” Dollars & Sense, January/February. Cato, Molly Scott (2011) “Neoclassical Economics,” in Environment and Economy, pp 35-51, London: Routledge. Dancs, Anita & Helen Scharber (2015) “Do Locavores Have a Dilemmas? Economists debate the local food movement,” Dollars & Sense, July/August. Federal Reserve Bank of St. Louis (n.d.) “Externalities – The Economic Lowdown Video Series,” Episode 5, St. Louis, MO: https://www.stlouisfed.org/education/economic- lowdown-video-series/episode-5-externalities. Herships, Sally & Cardiff Garcia (2019) “New York City’s Luxury Condo Hangover,” The Indicator from Planet Money, National Public Radio, December 9. Macewan, Arthur (2014) “The Airfare Mystery,” Dollars & Sense, January/February. Prasch, Robert E. (2008) How Markets Work: Supply, Demand, and the ‘Real World,’ Cheltenham, UK: Edward Elgar. Principles of Economics in a Nutshell – Suggested Readings Chapter 4: Inside the Magic Box. Productivity, Costs, and Profit Maximization Acemoglu, Daron and Pascual Restrepo (2019) “Automation and New Tasks: How Technology Displaces and Reinstates Labor,” Journal of Economic Perspectives, Vol. 33, No. 2, pp. 3-30. Gabel, David (2016) “Uber and the Persistence of Market Power,” Journal of Economic Issues, Vol. 50, No. 2, pp. 527-534. Gassler, Robert S. (1990) “Nonprofit and Voluntary Sector Economics: A Critical Survey,” Nonprofit and Voluntary Sector Quarterly, Vol. 19, No. 2, pp. 137-149. Gassler, Robert S. (1997) “The Economics of the Nonprofit Motive,” The Journal of Interdisciplinary Economics, Vol. 8, pp. 265-280. Kahn, Lina and Sandeep Vaheesan (2017) “Market Power and Inequality: The Antitrust Counterrevolution and Its Discontents,” Harvard Law and Policy Review, Vol. 11, pp. 235-294. Kamien M. and N. Schwartz (975) “Market Structure and Innovation,” Journal of Economic Literature, Vol. 13, no 1, pp. 1-37. Leonard, William (1964) “Industrial Concentration and Growing Market Power,” Challenge, Vol. 13, No. 2, pp. 28-32. Makowski, Louis and Joseph M. Ostroy (2001) “Perfect Competition and the Creativity of the Market,” Journal of Economic Literature, Vol. 39, No 2, pp. 479-535. Menudo, Jose M. (2013) “Market Stability in Adam Smith: Competitive Process and Institutions,” Journal of Economic Issues, Vol. 47, No. 3, pp. 719-744. Phillips, Ronnie J. (2000) “Digital Technology and Institutional Change from the Gilded Age to Modern Times: The Impact of the Telegraph and the Internet,” Journal of Economic Issues, Vol. 34, No. 2, pp. 267-289. Shapiro, Nina (1976) “The Neoclassical Theory of the Firm,” Review of Radical Political Economics, Vol. 8, No. 4, pp. 17-29. Syverson, Chad (2011) “What Determines Productivity?,” Journal of Economic Literature, Vol. 49, No. 2, pp. 326-365. Tubaro, Paola (2015) “History of Microeconomics,” in International Encyclopedia of the Social & Behavioral Sciences, 2nd edition, Vol. 15, pp. 331-337, London: Elsevier. Young, Dennis R. (1983) If Not for Profit, for What?, Lexington (MA): Lexington Books. Principles of Economics in a Nutshell – Suggested Readings Zingales, Luigi (2017) “Towards a Political Theory of the Firm,” Journal of Economic Perspectives, Vol. 31, No 3, pp. 113-130. Principles of Economics in a Nutshell – Suggested Readings Chapter 5: Understanding the Wealth of Nations. National Income Accounting Costanza, R., M. Hart, S. Posner, and J. Talberth, (2009) “Beyond GDP: The Need for New Measures of Progress” The Pardee Papers, #4, January. The Frederick S. Pardee Center for the Study of the Longer-Range Future, Boston University.http://www.bu.edu/pardee/pardee-paper-004-beyond-gdp/ (A more advanced discussion). Dynan, K. and L. Sheiner (2018) “GDP as a Measure of Economic Well-being” Hutchins Center Working Paper #43, August. The Brookings Institution.https://www.brookings.edu/wp- content/uploads/2018/08/WP43-8.23.18.pdf (This is a more advanced treatment of the topic.) Farren, M. (2018) “What’s the Truth about Unemployment? Introducing the Comprehensive Jobless Rate (U-5b)” Government Spending, Policy Briefs, March 28. Mercatus Center, George Mason University. https://www.mercatus.org/publications/government- spending/what%E2%80%99s-truth-about-unemployment Green, M. “What the Social Progress Index Can Reveal about Your Country,” TEDGlobal 2014. https://www.ted.com/talks/michael_green_what_the_social_progress_index_can_reveal_ about_your_country Green, M. “How We Can Make the World a Better Place by 2030,” TEDGlobal>London 2015. https://www.ted.com/talks/michael_green_how_we_can_make_the_world_a_better_plac e_by_2030 Kasperkevic,
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