Explorations in Pragmatic Economics
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Explorations in Pragmatic Economics

Explorations in Pragmatic Economics


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About the Book

Akerlof illustrates how his 'modern', Nobel Prize-winning methodology of using 'tailor-made' economic models to solve problems differs from the standard, benchmark, all-encompassing general-equilibrium-perfect competition-based methodology.

Table of Contents:
Introduction Part 1: Microeconomics 1: George A. Akerlof: The Market for "Lemons": Quality Uncertainty and the Market Mechanism 2: George A. Akerlof: The Economics of Caste and of the Rate Race and Other Woeful Tales 3: George A. Akerlof: Discriminatory, Status-based Wages among Tradition-oriented, Stochastically Trading Coconut Producers 4: George A. Akerlof and Rachel E. Kranton: Economics and Identity 5: George A. Akerlof: The Economics of "Tagging" as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning 6: George A. Akerlof, Janet L. Yellen, and Michael L. Katz: An Analysis of Out-of-Wedlock Childbearing in the United States 7: George A. Akerlof: Men Without Children 8: George A. Akerlof and William T. Dickens: The Economic Consequences of Cognitive Dissonance 9: George A. Akerlof: The Economics of Illusion 10: George A. Akerlof: Procrastination and Obedience 11: George A. Akerlof and Paul M. Romer: Looting: The Economic Underworld of Bankruptcy for Profit Part 2: Macroeconomics 12: George A. Akerlof: Relative Wages and the Rate of Inflation 13: George A. Akerlof: The Microeconomic Foundations of a Flow of Funds Theory of the Demand for Money 14: George A. Akerlof: Irving Fisher on his Head: The Consequences of Constant Threshhold-Target Monitoring of Money Holdings 15: George A. Akerlof: Jobs as Dam Sites 16: George A. Akerlof: Labor Contracts as Partial Gift Exchange 17: George A. Akerlof and Janet L. Yellen: The Fair Wage-Effort Hypothesis anmd Unemployment 18: George A. Akerlof and Janet L. Yellen: A Near-Rational Model of the Business Cycle, with Wage and Price Inertia 19: George A. Akerlof, William T. Dickens, George L. Perry: The Macroeconomics of Low Inflation 20: George A. Akerlof: Behavioral Macroeconomics and Macroeconomic Behavior

About the Author :
George A. Akerlof is Koshland Professor of Economics at the University of California, Berkeley, and the 2001 Nobel Laureate in Economics.

Review :
Explorations in Pragmatic Economics provides that long awaited compilation of favorite hits by Akerlof and his coauthors. ...the book compiles some of the most innovative articles written in the past few decades. It is a must read...for any economist, be it a micro, macro, behavioral, or misbehavioral one.


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Product Details
  • ISBN-13: 9780199253906
  • Publisher: Oxford University Press
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Weight: 906 gr
  • ISBN-10: 0199253900
  • Publisher Date: 17 Mar 2005
  • Height: 242 mm
  • No of Pages: 528
  • Spine Width: 34 mm
  • Width: 163 mm


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