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Better Living Through Economics
John J. Siegfried
€ 45.13
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Description for Better Living Through Economics
Paperback. Includes twelve case studies that demonstrate how economic research has improved economic and social conditions over the years by influencing public policy decisions. This title also includes the reduction of trade impediments that allows countries to better exploit their natural advantages. Editor(s): Siegfried, John J. Num Pages: 324 pages, 18 line illustrations, 7 tables. BIC Classification: KCZ. Category: (G) General (US: Trade). Dimension: 234 x 164 x 21. Weight in Grams: 390.
Better Living Through Economics consists of twelve case studies that demonstrate how economic research has improved economic and social conditions over the past half century by influencing public policy decisions. Economists were obviously instrumental in revising the consumer price index and in devising auctions for allocating spectrum rights to cell phone providers in the 1990s. But perhaps more surprisingly, economists built the foundation for eliminating the military draft in favor of an all-volunteer army in 1973, for passing the Earned Income Tax Credit in 1975, for deregulating airlines in 1978, for adopting the welfare-to-work reforms during the Clinton administration, and for implementing the Pension Reform Act of 2006 that allowed employers to automatically enroll employees in a 401(k). Other important policy changes resulting from economists' research include a new approach to monetary policy that resulted in moderated economic fluctuations (at least until 2008!), the reduction of trade impediments that allows countries to better exploit their natural advantages, a revision of antitrust policy to focus on those market characteristics that affect competition, an improved method of placing new physicians in hospital residencies that is more likely to keep married couples in the same city, and the adoption of tradable emissions rights which has improved our environment at minimum cost.
Product Details
Publisher
Harvard University Press United States
Number of pages
324
Format
Paperback
Publication date
2012
Condition
New
Number of Pages
324
Place of Publication
Cambridge, Mass, United States
ISBN
9780674064126
SKU
V9780674064126
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About John J. Siegfried
John J. Siegfried is Professor of Economics, Emeritus, at Vanderbilt University, and Secretary-Treasurer of the American Economic Association.
Reviews for Better Living Through Economics
The contributions are uniformly excellent and written by top economists.
Tyler Cowen marginalrevolution.com 20091122 In this series of articles, contributors discuss how economics has come to change the world in ways that other disciplines could only dream of. Through a series of examples including trade liberalization, emissions trading, antitrust regulation, and things as complicated as deferred-acceptance algorithms, they show the profound impact economic theory has had on the quality of life across the globe. They also remark on how quickly these changes have occurred when one compares the time to impact in other comparable fields. The book's contributors are among the most respected economists in the discipline, which further contributes to the work's impact on the reader. This volume should be on the shelf of any self-respecting economist and would make for a perfect supplemental text for any introductory or intermediate class in economics...It is also written at a level allowing people who are economically illiterate to read with enjoyment.
P. Shaw Choice 20100801
Tyler Cowen marginalrevolution.com 20091122 In this series of articles, contributors discuss how economics has come to change the world in ways that other disciplines could only dream of. Through a series of examples including trade liberalization, emissions trading, antitrust regulation, and things as complicated as deferred-acceptance algorithms, they show the profound impact economic theory has had on the quality of life across the globe. They also remark on how quickly these changes have occurred when one compares the time to impact in other comparable fields. The book's contributors are among the most respected economists in the discipline, which further contributes to the work's impact on the reader. This volume should be on the shelf of any self-respecting economist and would make for a perfect supplemental text for any introductory or intermediate class in economics...It is also written at a level allowing people who are economically illiterate to read with enjoyment.
P. Shaw Choice 20100801