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Название Economics in two lessons: why markets work so well, and why they can fail so badly
Авторы Quiggin John
Коллекция Электронные книги зарубежных издательств ; Общая коллекция
Тематика Free enterprise. ; Economics. ; Capitalism. ; BUSINESS & ECONOMICS / Economics / General ; BUSINESS & ECONOMICS / Reference ; EBSCO eBooks
Тип документа Другой
Тип файла PDF
Язык Английский
Права доступа Доступ по паролю из сети Интернет (чтение, печать, копирование)
Ключ записи on1089344892
Дата создания записи 07.03.2019

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  • Cover
  • Title
  • Copyright
  • CONTENTS
  • ACKNOWLEDGMENTS
  • Introduction
    • Outline of the Book
    • Further Reading
  • LESSON ONE, PART I: THE LESSON
    • Chapter 1. Market Prices and Opportunity Costs
      • 1.1. What Is Opportunity Cost?
      • 1.2. Production Cost and Opportunity Cost
      • 1.3. Households, Prices, and Opportunity Costs
      • 1.4. Lesson One
      • 1.5. The Intellectual History of Opportunity Cost
      • Further Reading
    • Chapter 2. Markets, Opportunity Cost, and Equilibrium
      • 2.1. TISATAAFL (There Is Such A Thing As A Free Lunch)
      • 2.2. Gains from Exchange
      • 2.3. Trade and Comparative Advantage
      • 2.4. Competitive Equilibrium
      • 2.5. Free Lunches and Rents
      • 2.6. Adam Smith and the Division of Labor
      • Further Reading
    • Chapter 3. Time, Information, and Uncertainty
      • 3.1. Interest and the Opportunity Cost of (Not) Waiting
      • 3.2. Information
      • 3.3. Uncertainty
      • Further Reading
  • LESSON ONE, PART II: APPLICATIONS
    • Chapter 4. Lesson One: How Opportunity Cost Works in Markets
      • 4.1. Tricks and Traps
      • 4.2. Airfares
      • 4.3. The Cost of (Not) Going to College
      • 4.4. An Exception That Proves the Rule: The Boom and Bust in Law Schools
      • 4.5. TANSTAAFL: What about “Free” TV, Radio, and Internet Content?
      • Further Reading
    • Chapter 5. Lesson One and Economic Policy
      • 5.1. Why Price Control Doesn’t (Usually) Work
      • 5.2. To Help Poor People, Give Them Money
      • 5.3. Road Pricing
      • 5.4. Fish and Tradable Quota
      • 5.5. A License to Print Money: Property Rights and Telecommunications Spectrum
      • 5.6. Concluding Comments
      • Further Reading
    • Chapter 6. The Opportunity Cost of Destruction
      • 6.1. The Glazier’s Fallacy
      • 6.2. The Economics of Natural Disasters
      • 6.3. The Opportunity Cost of War
      • 6.4. Technological Benefits of War?
      • Further Reading
  • LESSON TWO, PART I: SOCIAL OPPORTUNITY COSTS
    • Chapter 7. Property Rights and Income Distribution
      • 7.1. What Lesson Two Tells Us about Property Rights and Income Distribution
      • 7.2. Property Rights and Market Equilibrium
      • 7.3. The Starting Point
      • 7.4. Property Rights and Natural Law
      • 7.5. Pareto and Inequality
      • 7.6. Conclusion
      • Further Reading
    • Chapter 8. Unemployment
      • 8.1. Macroeconomics and Microeconomics
      • 8.2. The Business Cycle
      • 8.3. The Experience of the Great and Lesser Depressions
      • 8.4. Are Recessions Abnormal?
      • 8.5. Unemployment and Opportunity Cost
      • 8.6. The Macro Foundations of Micro
      • 8.7. Hazlitt and the Glazier’s Fallacy
      • Further Reading
    • Chapter 9. Monopoly and Market Failure
      • 9.1. The Idea of Market Failure
      • 9.2. Economies of Size
      • 9.3. Monopoly
      • 9.4. Oligopoly
      • 9.5. Monopsony and Labor Markets
      • 9.6. Bargaining
      • 9.7. Monopoly and Inequality
      • Further Reading
    • Chapter 10. Market Failure: Externalities and Pollution
      • 10.1. Externalities
      • 10.2. Pollution
      • 10.3. Climate Change
      • 10.4. Public Goods
      • 10.5. The Origins of Externality
      • Further Reading
    • Chapter 11. Market Failure: Information, Uncertainty, and Financial Markets
      • 11.1. Market Prices, Information, and Public Goods
      • 11.2. The Efficient Markets Hypothesis
      • 11.3. Financial Markets, Bubbles, and Busts
      • 11.4. Financial Markets and Speculation
      • 11.5. Risk and Insurance
      • 11.6. Bounded Rationality
      • 11.7. What Bitcoin Reveals about Financial Markets
      • Further Reading
  • LESSON TWO, PART II: PUBLIC POLICY
    • Chapter 12. Income Distribution: Predistribution
      • 12.1. Income Distribution and Opportunity Cost
      • 12.2. Predistribution: Unions
      • 12.3. Predistribution: Minimum Wages
      • 12.4. Predistribution: Intellectual Property
      • 12.5. Predistribution: Bankruptcy, Limited Liability, and Business Risk
      • Further Reading
    • Chapter 13. Income Distribution: Redistribution
      • 13.1. The Effective Marginal Tax Rate
      • 13.2. Opportunity Cost of Redistribution: Example
      • 13.3. Weighing Opportunity Costs and Benefits
      • 13.4. How Much Should the Top 1 Percent Be Taxed?
      • 13.5. Policies for the Present and the Future
      • 13.6. Geometric Mean
      • Further Reading
    • Chapter 14. Policy for Full Employment
      • 14.1. What Can Governments Do about Recessions?
      • 14.2. Fiscal Policy
      • 14.3. Monetary Policy
      • 14.4. Labor Market Programs and the Job Guarantee
      • 14.5. One Lesson Economics and Unemployment
      • 14.6. Summary
      • Further Reading
    • Chapter 15. Monopoly and the Mixed Economy
      • 15.1. Monopoly and Monopsony
      • 15.2. Antitrust
      • 15.3. Regulation and Its Limits
      • 15.4. Public Enterprise
      • 15.5. The Mixed Economy
      • 15.6. I, Pencil
      • Further Reading
    • Chapter 16. Environmental Policy
      • 16.1. Regulation
      • 16.2. Environmental Taxes
      • 16.3. Tradeable Emissions Permits
      • 16.4. Global Pollution Problems
      • 16.5. Climate Change
      • 16.6. Summary
      • Further Reading
    • Conclusion
  • BIBLIOGRAPHY
  • INDEX
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