A Theory Of The Producer Consumer Household

The quick recovery of Asian economies from recent recessions in comparison to the struggling American and European economies can be attributed in part to the positive aggregate-demand externalities of their self-employment sectors. This book presents a behavioural analysis of this effect, with a detailed focus on producer households.

Provides a simple introductory exposition to the basic structure of dual technique analysis - consumer behaviour and producer behaviour - which has been used by many economists since the 1970s. Includes diagrams and an index.

Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Lucas’s contributions are both methodological and substantive. Methodologically, he developed dynamic, stochastic, general equilibrium models to analyze economic decision-makers operating through time in a complex, probabilistic environment. Substantively, he incorporated the quantity theory of money into these models and derived its implications for money growth, inflation, and interest rates in the long run. He also showed the different effects of anticipated and unanticipated changes in the stock of money on economic fluctuations, and helped to demonstrate that there was not a long-run trade-off between unemployment and inflation (the Phillips curve) that policy-makers could exploit. The twenty-one papers collected in this volume fall primarily into three categories: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. Published between 1972 and 2007, they will inspire students and researchers who want to study the work of a master of economic modeling and to advance economics as a pure and applied science.

Legislation, Technology and Practice of Mine Land Reclamation contains the proceedings of the Beijing International Symposium on Land Reclamation and Ecological Restoration (LRER 2014, Beijing, China, 16-19 October 2014).The contributions cover a wide range of topics:- Monitoring, prediction and assessment of environmental damage in mining areas- S

Producers, Consumers, and Partial Equilibrium provides a systematic and accessible presentation of the full formal details in the core theories of producer and consumer choice under conditions of price taking; and covers the standard theories of competitive, monopoly, and oligopoly partial equilibrium among these economic actors. The book pulls together foundational content from many classic sources and organizes it in a self-contained format that rigidly adheres to optimization as the central behavioral postulate and analytical tool for economic theory. The book maintains a sharp focus on the properties of outcomes from optimizing behavior in varying environments. These properties are the refutable hypotheses from each optimization behavioral postulate, and they form the core content of this positive economic theory. In so doing, the book presents and documents the underlying formal structure of the theory with a higher degree of integration and completeness than is typical of Ph.D. textbooks in microeconomics. Includes comprehensive, focused and unified coverage of the mathematics required for the core theories of producer and consumer choice, and partial equilibrium Presents a generalized envelope theorem as a key source of refutable hypotheses Delineates the role of active versus inactive constraints in generating refutable hypotheses Discusses convex functions in economic optimization environments Presents the full formal details of core producer and consumer and producer theory in a unified and systematic manner Emphasizes the refutable hypotheses resulting from behavioral postulates and the completeness (duality) of those hypotheses for the postulated behavior within microeconomics Includes end-of-chapter exercises, full index, and an instructor’s solutions manual Includes a concordance that matches its chapters with those of major textbooks

Issues in Economics is structured around major policy issues and is divided into three parts: "Introduction to Issues in Economics," "Microeconomic Issues," and "Macroeconomic Issues." The first three chapters are basic introductions to the subject matter of economics with emphasis on theory, institutions, and policy. Theory and institutions becomes the framework for policy analysis. The first three chapters of the second section deal with the theory of the household, the theory of the firm and the theory of markets. The remainder of the second section deals with specific issues, such as government regulation; agricultural policy; healthcare policy; and corporate accountability. In "Macroeconomic Issues," the first chapter's focus is "Measuring Economic Activity." This chapter develops the accounting framework on which macroeconomic theory is based. The second chapter is "Aggregate Supply and Demand." It develops these concepts and the concept of normal output around which short-run output fluctuates with shifts in supply and demand. The remainder of Part III features specific policy issues, such as business cycles; stabilization policy; the role of the Federal Reserve System, the role of finance in the economy; and international policy issues. This textbook is appropriate for a freshman/sophomore level one semester introduction to economics course or issues in economics course; it can also be used to supplement a standard two semester economics textbook.

The Farm Labor Problem: A Global Perspective explores the unique character of agricultural labor markets and the implications for food production, farm worker welfare and advocacy, and immigration policy. Agricultural labor markets differ from other labor markets in fundamental ways related to seasonality and uncertainty, and they evolve differently than other labor markets as economies develop. We weave economic analysis with the history of agricultural labor markets using data and real-world events. The farm labor history of California and the United States is particularly rich, so it plays a central role in the book, but the book has a global perspective ensuring its relevance to Europe and high-income Asian countries. The chapters in this book provide readers with the basics for understanding how farm labor markets work (labor in agricultural household models, farm labor supply and demand, spatial market equilibria); farm labor and immigration policy; farm labor organizing; farm employment and rural poverty; unionization and the United Farm Workers movement; the Fair Food Program as a new approach to collective bargaining; the declining immigrant farm labor supply; and what economic development in relatively low-income countries portends for the future of agriculture in the United States and other high-income countries. The book concludes with a chapter called "Robots in the Fields," which extrapolates current trends to a perhaps not-so-distant future. The Farm Labor Problem serves as both a guide to policy makers, farmworker advocates and international development organizations and as a textbook for students of agricultural economics and economics. Describes the unique character of agricultural labor markets providing consequential insights Contextualizes the economics of agricultural labor with a global perspective Examines the history of farm labor, immigration, policy and collective bargaining with a view to the future