This insightful Modern Guide offers a broad coverage of questions and controversies encountered by contemporary economists. A refreshing approach to philosophy of economics, chapters comprise a range of methodological and theoretical perspectives, from lab and field experiments to macroeconomics and applied policy work, written using a familiar, accessible language for economists.
This innovative Handbook presents the core concepts associated with austerity, retrenchment and populism and explores how they can be used to analyse developments in different welfare states and in specific social policies. Leading experts highlight how these concepts have influenced and changed welfare states around the globe and impacted specific areas including pensions, long-term care, the labour market, taxation, social activism and gender equality.
Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.
Debate on the desirability, feasibility and implementation of a Citizen’s Basic Income – an unconditional, nonwithdrawable and regular income for every individual – is increasingly widespread among academics, policymakers, and the general public. There are now numerous introductory books on the subject, and others on particular aspects of it. This book provides something new: It studies the Citizen’s Basic Income proposal from a variety of different disciplinary perspectives: the economics of Citizen’s Basic Income, the sociology of Citizen’s Basic Income, the politics of Citizen’s Basic Income, and so on. Each chapter discusses the academic discipline, and relevant aspects of the debate, and asks how the discipline enhances our understanding, and how the Citizen’s Basic Income debate might contribute to the academic discipline.
This timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests.
In Understanding Economic Inequality, the author brings an economist’s perspective informed by new, groundbreaking research on inequality from philosophy, sociology, psychology, and political science and presents it in a form that it is accessible to those who want to understand our world, our society, our politics, our paychecks, and our neighbors’ paychecks better.
This important research review discusses some of the most celebrated and classical literature in the field of choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. A premise that is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the subject’s founding literature as well as the more contemporary pieces, which have sparked further discussion in the field. This review promises to be valuable to researchers and scholars alike as well as to those gravitating towards this fascinating topic.
This review considers the most significant and contemporary literary contributions to the field of the economics of housing. It discusses articles that cover the housing market’s demand and supply whilst considering these factors’ interactions on real estate valuations, home ownership and wealth decisions. Literature focusing on the interfaces that occur from the dynamics of neighbourhoods and housing prices is analysed and the review delves into how housing markets and their modelling have attracted particular policy interest, such as rent control. Recent analyses of housing markets through a lens that emphasizes the importance of frictions, namely the Diamond-Mortensen-Pissarides (DMP) model is also extended upon. This review promises to be an informative read to scholars and academics who are immersed in this fascinating topic.
‘Giving’ time and money to the community indicates the existence of relationships that draw people together, and ‘who people give to’ indicates how inclusive these relational networks are. Using UK data for the analysis, Zischka argues that a person’s willingness to ‘give' is not only influenced by social cohesion; it also helps to generate social cohesion. For thriving communities, we therefore need to consider our ‘giving’ as well as our ‘getting’.
This impressive research review discusses the most important contributions by some of the leading scholars in the field of poverty measurement. It analyses what constitutes poverty and associated poverty measures, as well as conceptual and empirical approaches to set poverty lines for both national and international settings. The papers discussed in this research review also discuss national and international income poverty measures, multidimensional poverty indices, and ways to capture poverty dynamics.