@book {24388, title = {Online and Matching-Based Market Design}, year = {2023}, publisher = {Cambridge University Press}, organization = {Cambridge University Press}, abstract = {The rich, multi-faceted and multi-disciplinary field of matching-based market design is an active and important one due to its highly successful applications with economic and sociological impact. Its home is economics, but with intimate connections to algorithm design and operations research. With chapters contributed by over fifty top researchers from all three disciplines, this volume is unique in its breadth and depth, while still being a cohesive and unified picture of the field, suitable for the uninitiated as well as the expert. It explains the dominant ideas from computer science and economics underlying the most important results on market design and introduces the main algorithmic questions and combinatorial structures. Methodologies and applications from both the pre-Internet and post-Internet eras are covered in detail. Key chapters discuss the basic notions of efficiency, fairness and incentives, and the way market design seeks solutions guided by normative criteria borrowed from social choice theory.}, author = {Federico Echenique and Nicole Immorlica and Vijay V. Vazirani} } @book {23614, title = {Slouching Towards Utopia}, year = {2022}, publisher = {Basic Books}, organization = {Basic Books}, abstract = {

From one of the world{\textquoteright}s leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied. Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would have used such powers to build utopia. But it was not so. When 1870{\textendash}2010 ended, the world instead saw global warming; economic depression, uncertainty, and inequality; and broad rejection of the status quo. Economist Brad DeLong{\textquoteright}s Slouching Towards Utopia tells the story of how this unprecedented explosion of material wealth occurred, how it transformed the globe, and why it failed to deliver us to utopia. Of remarkable breadth and ambition, it reveals the last century to have been less a march of progress than a slouch in the right direction. Product Details About the Author

}, author = {J. Bradford DeLong} } @book {21906, title = {In Defense of Public Debt}, year = {2021}, abstract = {Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debts--about the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness. Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergencies--from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education, and healthcare. In these ways, the capacity to issue debt has been integral to state building and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance. The authors develop their arguments historically, recounting two millennia of public debt experience. They deploy a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully stabilized and brought down. Finally, they bring the story up to date, describing the role of public debt in managing the Covid-19 pandemic and recession, suggesting a way forward once governments--now more heavily indebted than before--finally emerge from the crisis.}, keywords = {Debt}, author = {Barry Eichengreen and Asmaa El-Ganainy and Rui Esteves and Kris James Mitchener} } @book {21491, title = {Taxing Profit in a Global Economy}, year = {2021}, publisher = {Oxford University Press}, organization = {Oxford University Press}, abstract = {This book undertakes a fundamental review of the existing international system of taxing business profit. It steps back from the current political debates on how to combat profit shifting and how taxing rights over the profits of the digitalized economy should be allocated. Instead, it starts from first principles to ask how we should evaluate a tax on business profit{\textemdash}and whether there is any good rationale for such a tax in the first place. It then goes on to evaluate the existing system and a number of alternatives that have been proposed. It argues that the existing system is fundamentally flawed, and that there is a need for radical reform. The key conclusion from the analysis is that there would be significant gains from a reform that moved the system towards taxing profit in the country in which a business made its sales to third parties. That conclusion informs two proposals that are put forward in detail and evaluated: the Residual Profit Allocation by Income (RPAI) and the Destination-based Cash Flow Tax (DBCFT). The book is authored by group of economists and lawyers{\textemdash}the Oxford International Tax Group, chaired by Michael P. Devereux. It draws insights from both economics and law{\textemdash}including economic theory, empirical evidence on the impact of taxes, and an examination of practical issues of implementation{\textemdash}to assess the existing system and to consider fundamental reforms. This book will be useful to tax policy makers, tax professionals, academics, and anyone interested in tax policy.}, keywords = {global, Profit}, author = {Michael P. Devereux and Alan J. Auerbach and Michael Keen and Paul Oosterhuis and Wolfgang Sch{\"o}n and John Vella} } @book {21413, title = {Innovation Matters: Competition Policy for the High-Technology Economy}, year = {2020}, publisher = {MIT Press}, organization = {MIT Press}, address = {Cambridge, MA}, abstract = {

Competition policy and antitrust enforcement have traditionally focused on prices rather than innovation. Economic theory shows the ways that price competition benefits consumers; and courts, antitrust agencies, and economists have developed tools for the quantitative evaluation of price impacts. Antitrust law does not preclude interventions to encourage innovation, but over time the interpretation of the laws has raised obstacles to enforcement policies for innovation. This book proposes a shift from price-centric to innovation-centric competition policy. It reviews the theoretical and empirical literature related to competition, mergers, and innovation and provides examples of merger enforcement by US and European antitrust agencies in cases that alleged innovation concerns.\ Antitrust enforcement should be concerned with protecting incentives for innovation and preserving opportunities for dynamic, rather than static, competition. In a high-technology economy, innovation matters.

}, keywords = {antitrust, Innovation}, author = {Richard J. Gilbert} } @book {18753, title = {Meeting Globalization{\textquoteright}s Challenges: Policies to Make Trade Work for All}, year = {2019}, abstract = {Globalization has expanded economic opportunities throughout the world, but it has also left many people feeling dispossessed, disenfranchised, and angry. Lu{\'\i}s Cat{\~a}o and Maurice Obstfeld bring together some of today{\textquoteright}s top economists to assess the benefits, costs, and daunting policy challenges of globalization. This timely and accessible book combines incisive analyses of the anatomy of globalization with innovative and practical policy ideas that can help to make it work better for everyone. Meeting Globalization{\textquoteright}s Challenges draws on new research to examine the channels through which international trade and the diffusion of technology have enhanced the wealth of nations while also producing unequal benefits within and across countries. The book provides needed perspectives on the complex interplay of trade, deindustrialization, inequality, and the troubling surge of nationalism and populism--perspectives that are essential for crafting sound economic policies. It tackles the vexing issue of how to most effectively compensate globalization{\textquoteright}s losers and reintegrate them into job markets. The book also explores how to design social insurance policies that can mitigate the risks posed by automation and offshoring, such as mass unemployment and its inherent dangers to democracy. With a foreword by International Monetary Fund Managing Director Christine Lagarde and a history-rich synthesis by Cat{\~a}o and Obstfeld of main policy takeaways, Meeting Globalization{\textquoteright}s Challenges features contributions by Ufuk Akcigit, Edward Alden, Fran{\c c}ois Bourguignon, Angus Deaton, Rafael Dix-Carneiro, Jeffry Frieden, Gordon H. Hanson, Keyu Jin, Lori G. Kletzer, Anne Krueger, Paul Krugman, Nina Pavcnik, Andr{\'e}s Rodr{\'\i}guez-Clare, Dani Rodrik, Michael Trebilcock, Laura D. Tyson, Martin Wolf, and Ernesto Zedillo.}, author = {Lu{\'\i}s A. V. Cat{\~a}o and Maurice Obstfeld} } @book {18954, title = {The Price of Bread: Regulating the Market in the Dutch Republic}, year = {2019}, abstract = {

A prime contemporary concern - how to maintain fair market relations - is addressed through this study of the regulation of bread prices. This was the single most important economic reality of Europe{\textquoteright}s daily life in the early modern period. Jan de Vries uses the Dutch Republic as a case study of how the market functioned and how the regulatory system evolved and acted. The ways in which consumer behaviour adapted to these structures, and the state interacted with producers and consumers in the pursuit of its own interests, had major implications for the measurement of living standards in this period. The long-term consequences of the Dutch state{\textquoteright}s interventions reveal how capitalist economies, far from being the outcome of unfettered market economics, are inextricably linked with regulatory fiscal regimes. The humble loaf serves as a prism through which to explore major developments in early modern European society and how public market regulation affected private economic life.

}, author = {Jan de Vries} } @book {18906, title = {Transparent and Reproducible Social Science Research}, year = {2019}, abstract = {Recently, social science has had numerous episodes of influential research that was found invalid when placed under rigorous scrutiny. The growing sense that many published results are potentially erroneous has made those conducting social science research more determined to ensure the underlying research is sound. Transparent and Reproducible Social Science Research is the first book to summarize and synthesize new approaches to combat false positives and non-reproducible findings in social science research, document the underlying problems in research practices, and teach a new generation of students and scholars how to overcome them. Understanding that social science research has real consequences for individuals when used by professionals in public policy, health, law enforcement, and other fields, the book crystallizes new insights, practices, and methods that help ensure greater research transparency, openness, and reproducibility. Readers are guided through well-known problems and are encouraged to work through new solutions and practices to improve the openness of their research. Created with both experienced and novice researchers in mind, Transparent and Reproducible Social Science Research serves as an indispensable resource for the production of high quality social science research.}, keywords = {economics, research, social sciences, transparent}, author = {Garret Christensen and Jeremy Freese and Edward Miguel} } @book {19039, title = {The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay}, year = {2019}, publisher = {W. W. Norton \& Company}, organization = {W. W. Norton \& Company}, abstract = {Even as they became fabulously wealthy, the ultra-rich have seen their taxes collapse to levels last seen in the 1920s. Meanwhile, working-class Americans have been asked to pay more. The Triumph of Injustice presents a forensic investigation into this dramatic transformation, written by two economists who revolutionized the study of inequality. Eschewing anecdotes and case studies, Emmanuel Saez and Gabriel Zucman offer a comprehensive view of America{\textquoteright}s tax system, based on new statistics covering all taxes paid at all levels of government. Their conclusion? For the first time in more than a century, billionaires now pay lower tax rates than their secretaries. Blending history and cutting-edge economic analysis, and writing in lively and jargon-free prose, Saez and Zucman dissect the deliberate choices (and sins of indecision) that have brought us to today: the gradual exemption of capital owners; the surge of a new tax avoidance industry; and the spiral of tax competition among nations. With clarity and concision, they explain how America turned away from the most progressive tax system in history to embrace policies that only serve to compound the wealth of a few. But The Triumph of Injustice is much more than a laser-sharp analysis of one of the great political and intellectual failures of our time. Saez and Zucman propose a visionary, democratic, and practical reinvention of taxes, outlining reforms that can allow tax justice to triumph in today{\textquoteright}s globalized world and democracy to prevail over concentrated wealth.}, author = {Emmanuel Saez and Gabriel Sucman} } @book {18752, title = {Advancing the Frontiers of Monetary Policy}, year = {2018}, author = {Tobias Adrian and Douglas Laxton and Maurice Obstfeld} } @book {18751, title = {Coping with the Climate Crisis: Mitigation Policies and Global Coordination}, year = {2018}, author = {Rabah Arezki and Patrick Bolton and Karim El Aynaoui and Maurice Obstfeld} } @book {17912, title = {Handbook of Behavioral Economics - Foundations and Applications 1, Volume 1 (Handbooks in Economics) 1st Edition}, year = {2018}, author = {B. Douglas Bernheim and Stefano DellaVigna and Stefano DellaVigna} } @book {17122, title = {The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era}, year = {2018}, publisher = {Oxford University Press}, organization = {Oxford University Press}, abstract = {Populism of the right and left has spread like wildfire throughout the world. The impulse reached its apogee in the United States with the election of Trump, but it was a force in Europe ever since the Great Recession sent the European economy into a prolonged tailspin. In the simplest terms, populism is a political ideology that vilifies economic and political elites and instead lionizes {\textquoteright}the people.{\textquoteright} The people, populists of all stripes contend, need to retake power from the unaccountable elites who have left them powerless. And typically, populists{\textquoteright} distrust of elites shades into a catchall distrust of trained experts because of their perceived distance from and contempt for {\textquoteright}the people.{\textquoteright} Another signature element of populist movements is faith in a savior who can not only speak directly to the people, but also serve as a vessel for the plain people{\textquoteright}s hopes and dreams. Going back to the 1890s, a series of such saviors have come and gone in the US alone, from William Jennings Bryan to Huey Long to--finally--Donald Trump. In The Populist Temptation, the eminent economic historian Barry Eichengreen focuses on the global resurgence of populism today and places it in a deep context. Alternating between the present and earlier populist waves from modern history, he argues that populists tend to thrive most in the wake of economic downturns, when it is easy to convince the masses of elite malfeasance. Yet while there is more than a grain of truth that bankers, financiers, and {\textquoteright}bought{\textquoteright} politicians are responsible for the mess, populists{\textquoteright} own solutions tend to be simplistic and economically counterproductive. Moreover, by arguing that the ordinary people are at the mercy of extra-national forces beyond their control--international capital, immigrants, cosmopolitan globalists--populists often degenerate into demagoguery and xenophobia. There is no one solution to addressing the concerns that populists raise, but Eichengreen argues that there is an obvious place to start: shoring up and improving the welfare state so that it is better able to act as a buffer for those who suffer most during economic slumps. For example, America{\textquoteright}s patchwork welfare state was not well equipped to deal with the economic fallout that attended globalization and the decline of manufacturing in America, and that played no small part in Trump{\textquoteright}s victory. Lucidly explaining both the appeals and dangers of populism across history, this book is essential reading for anyone seeking to understand not just the populist phenomenon, but more generally the lasting political fallout that follows in the wake of major economic crises.}, author = {Barry Eichengreen} } @book {11957, title = {Buddhist Economics: An Enlightened Approach to the Dismal Science}, year = {2017}, publisher = {Bloomsbury Publishing}, organization = {Bloomsbury Publishing}, abstract = {

"Buddhist Economics\ will give guidance to all those who seek peace, fairness, and environmental sustainability." -Jeffrey Sachs, author of\ The Age of Sustainable Development.

Traditional economics measures the ways in which we spend our income, but doesn{\textquoteright}t attribute worth to the crucial human interactions that give our lives meaning.\ 

Clair Brown, an economics professor at U.C. Berkeley and a practicing Buddhist, has developed a holistic model, one based on the notion that quality of life should be measured by more than national income. Brown advocates an approach to organizing the economy that embraces rather than skirts questions of values, sustainability, and equity. Complementing the award-winning work of Jeffrey Sachs and Bill McKibben, and the paradigm-breaking spirit of Amartya Sen, Robert Reich, and Thomas Piketty, Brown incorporates the Buddhist emphasis on interdependence, shared prosperity, and happiness into her vision for a sustainable and compassionate world.

Buddhist economics leads us to think mindfully as we go about our daily activities, and offers a way to appreciate how our actions affect the well-being of those around us. By replacing the endless cycle of desire with more positive collective activities, we can make our lives more meaningful as well as happier. Inspired by the popular course Professor Brown teaches at U.C. Berkeley,\ Buddhist Economics\ represents an enlightened approach to our modern world infused with ancient wisdom, with benefits both personal and global, for generations to come. - See more at: http://www.bloomsbury.com/us/buddhist-economics-9781632863669/$\#$sthash.uA4vPVIm.dpuf

}, isbn = {9781632863669}, url = {http://www.bloomsbury.com/us/buddhist-economics-9781632863669/}, author = {Clair Brown} } @book {16360, title = {The Economics of Corporate Governance}, volume = {1}, year = {2017}, author = {Benjamin Hermalin}, editor = {Michael Weisbach} } @book {16320, title = {How Global Currencies Work}, year = {2017}, author = {Barry Eichengreen}, editor = {Arnaud Mehl} } @book {9477, title = {Hall of Mirrors: The Great Depression, The Great Recession, and the Uses{\textemdash}and Misuses{\textemdash}of History}, year = {2015}, publisher = {Oxford University Press}, organization = {Oxford University Press}, abstract = {

The Great Depression and the Great Recession are the two great economic crises of the past hundred years. While there are accounts of both episodes, no one has yet attempted a sustained comparative analysis. In Two Crises, Barry Eichengreen draws on his unparalleled expertise for a brilliantly conceived dual-track account of the two crises and their consequences. Rather than telling the stories of the two crises in sequence, instead he weaves them together. He describes the two bubble-fueled buildups, then the onset of crisis, the subsequent financial and economic and collapse, the policy response, and finally the recovery. A theme of Eichengreen{\textquoteright}s narrative is that while the policy response to the Great Recession was importantly shaped by perceptions of the Great Depression - contemporary policymakers did in fact learn lessons from the Depression that enabled them, this time, to prevent the worst - they could have done better. Their failure to do so reflected a tendency to take the lessons of the Depression too literally, leading to an inability to recognize important respects in which circumstances, and specifically the structure of financial markets, had changed - precisely in response to the policies put in place due to the Depression. In addition, success was the mother of failure: the success of the policy response took the wind out of reformers{\textquoteright} sails. It diminished support for the kind of far-reaching social and financial reforms adopted in the 1930s. It allowed policy makers and society to prematurely indulge their desire for a return to normal policies before a normal economy had been restored. To be sure, this more recent crisis was better managed than the earlier one, which resulted in widespread social distress and, in the worst case, the rise of fascism. But a wiser collective response after 2008 would have staved off the painfully slow growth that subsequently plagued the United States and Europe.

}, isbn = {9780199392001}, url = {https://global.oup.com/academic/product/hall-of-mirrors-9780199392001}, author = {Barry Eichengreen} } @book {11956, title = {The Hidden Wealth of Nations: The Scourge of Tax Havens}, year = {2015}, publisher = {University Of Chicago Press}, organization = {University Of Chicago Press}, abstract = {

We are well aware of the rise of the 1\% as the rapid growth of economic inequality has put the majority of the world{\textquoteright}s wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world{\textquoteright}s wealth hidden in tax havens{\textemdash}in countries like Switzerland, Luxembourg, and the Cayman Islands{\textemdash}this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world{\textquoteright}s assets are currently hidden{\textemdash}until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world{\textquoteright}s money held in tax havens. And it{\textquoteright}s staggering.

In\ The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25\%{\textemdash}there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8\% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In\ The Hidden Wealth of Nations\ he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices.

Zucman{\textquoteright}s work has quickly become the gold standard for quantifying the amount of the world{\textquoteright}s assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality,\ The Hidden Wealth of Nations\ is essential reading.

}, isbn = {9780226245560}, url = {http://www.press.uchicago.edu/ucp/books/book/chicago/H/bo20159822.html}, author = {Gabriel Zucman} } @book {9478, title = {What Have We Learned? Macroeconomic Policy After the Crisis}, volume = {1}, year = {2014}, publisher = {The MIT Press}, organization = {The MIT Press}, edition = {1}, abstract = {Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume{\^a}{\texteuro}{\texttrademark}s editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights. The editors and contributors{\textendash}who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer{\textendash}consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.}, keywords = {macroeconomic policy}, url = {http://mitpress.mit.edu/books/what-have-we-learned}, editor = {Akerlof, George and Blanchard, Olivier and Romer, David and Stiglitz, Joseph} } @book {6769, title = {Global Economic Crisis: Impacts, Transmission and Recovery}, year = {2012}, publisher = {Edward Elgar Publishing}, organization = {Edward Elgar Publishing}, author = {Obstfeld, Maurice and Cho, D. and Mason, A.} } @book {6767, title = {The New Geography of Jobs}, year = {2012}, publisher = {Houghton Mifflin Harcourt (HMH)}, organization = {Houghton Mifflin Harcourt (HMH)}, author = {Moretti, Enrico} } @book {6772, title = {Crises and Compassion: From Russia to the Golden Gate}, volume = {13}, year = {2011}, publisher = {MQUP}, organization = {MQUP}, abstract = {

Letiche, now in his nineties, provides an intriguing look at the changes that have occurred during his lifetime. Following his Kiev childhood and formative years in Depression-era Montreal, he completed a doctorate at the University of Chicago and took up a Rockefeller fellowship at the Council on Foreign Relations in New York City. As a technical advisor to the Economic Commission for Africa he conducted trade talks with both gifted and corrupt heads of state in sub-Saharan Africa, and later shared a working White House dinner with an infamous American president. His half-century-long teaching career at Berkeley included a front row seat for the Free Speech Movement and the most documented student revolt in popular history. Told with humour, insight, and humility, Crises and Compassion moves nimbly among weighty events and meaningful personal history, showing how "civility in intellectual exchange" came to be the guiding principle of a life of monumental experiences. Read more

}, author = {Letiche, J.M.} } @book {6766, title = {Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (New Edition)}, year = {2010}, publisher = {Princeton University Press}, organization = {Princeton University Press}, author = {Akerlof, George A. and Shiller, R.J.} } @article {6768, title = {Contemporary Capitalism and its Crises}, year = {2010}, author = {McDonough, T. and Reich, Michael and Kotz, D.M.} } @article {6771, title = {Identity Economics}, journal = {The Economists{\textquoteright} Voice}, volume = {7}, year = {2010}, author = {Akerlof, George A. and Kranton, R.} } @article {6773, title = {Awakening Giants, Feet of Clay A Comparative Assessment of the Rise of China and India}, journal = {Journal of South Asian Development}, volume = {1}, year = {2006}, pages = {1{\textendash}17}, author = {Bardhan, P.} } @article {6774, title = {Chips and Change: How Crisis Reshapes the Semiconductor Industry}, journal = {Journal of South Asian Development}, volume = {1}, year = {2006}, pages = {1{\textendash}17}, author = {Brown, Clair} }