Explorations in Pragmatic Economics: Selected Papers of George A. Akerlof (and Co-authors).

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Oxford University Press, 2005 - 514 páginas
“This collection of Akerlof's most important papers provide both an introduction to Akerlof's work and a grounding in modern economics. Divided into two broad areas, micro- and macroeconomics, they cover the economics of information; the theory of unemployment; macroeconomic equilibria; the demand for money; psychology and economics; and the nature of discrimination and other social issues. The collection closes with Akerlof's 2001 Nobel Lecture, in which he argues that it is imperative that macroeconomics be considered inherently behavioural.” -- BACK COVER.
 

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Índice

Explorations in Pragmatic Economics
1
Quality Uncertainty and the Market Mechanism
27
The Economics of Caste and of the Rat Race and Other Woeful Tales
39
Discriminatory Statusbased Wages among Traditionoriented
56
Economics and Identity
67
The Economics of Tagging as Applied to the Optimal
100
An Analysis of OutofWedlock Childbearing in the United States
119
Men without Children
152
The Nonneoclassical Behavior of the Cash Posters or of the Eastern Utilities Co
364
Sociological Explanation of Cash PostersEastern Utilities Behavior
366
Reference Groups
369
The Fair Wage
372
A Model
373
Two Examples
375
Conclusion
383
The Fair WageEffort Hypothesis and Unemployment
386

The Economics of Illusion
194
Procrastination and Obedience
209
The Economic Underworld of Bankruptcy for Profit
232
Relative Wages and the Rate of Inflation
283
The Microeconomic Foundations of a Flow of Funds Theory
303
The Consequences of Constant ThresholdTarget
328
Agreement with Empirical Evidence
338
Summary and Conclusion
339
Jobs as Dam Sites
345
Common Features in Models of NonUtilization and Analogy Between Jobs and Dam Sites
347
Specific Technology and Jobs
350
A Partial Equilibrium Example
352
A General Equilibrium Example
353
Summary and Conclusion
360
Labor Contracts as Partial Gift Exchange
362
Motivation for the Fair WageEffort Hypothesis
387
A Rudimentary Model of Unemployment with the Fair WageEffort Hypothesis
395
A Relative Deprivation Model of the Fair Wage
398
Conclusion
407
A NearRational Model of the Business Cycle with Wage and Price Inertia
410
A Model of Cyclical Unemployment
415
Conclusion
422
The Macroeconomics of Low Inflation
424
George A Akerlof William T Dickens and George L Perry
426
Simulation Model
438
Appendix A
464
Behavioral Macroeconomics and Macroeconomic Behavior
472
Index
503
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Sobre el autor (2005)


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

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