Selasa, 24 Agustus 2010

Fundamental Methods of Mathematical Economics

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A. C. Chiang
701 pages

Review from
This book was our text for a course in Mathematical Economics at Temple University. It is a nice introduction to the topic. It's a bit light on explanatory details for those new to the field of economics, but the mathematics coverage is sufficient.

Essential Economics: an A-Z guide

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Matthew Bishop
2004 - 288 pages
For anyone who wants a better understanding of this far-from-dismal science, here is a clear and illuminating guide written by the chief business writer for "The Economist." In A-Z format--think "absolute advantage" to "zero-sum game"--this useful and exceptionally well written guide provides an understanding of economics that will help anyone in business, in politics and public service, and even in their private lives make decisions that will help produce the results they are hoping to achieve.

The "Essential A-Z Guides" are lively, practical resources for business and investment professionals, as well as politicians, public servants, and students. Each book contains hundreds of entries that concisely explain the subject's concept in a handy reference that complements any business library. The complete series includes these four titles:
Essential Economics
Essential Investment
Essential Negotiation
Essentials for Board Directors

Essay in Positive Economics

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Milton Friedman
University of Chicago Press, 1953 - 336 pages

Review from
Love him or hate him, Milton Friedman was a giant of 20th century economics, and this book provides a good example of his thinking on economics when Keynesianism was in the ascendancy. This book is a collection of his early papers (some previously published articles and book reviews, some unpublished before this book) on a variety of topics. There is no common theme other than they are all written by Friedman and all were to have some influence on the economics profession (some more - much more - than others). The most famous paper/chapter in the book is the first, "The Methodology of Positive Economics". Although the book's title proclaims it to be about 'positive' (fact-based analysis) economics, many of the papers are actually about policy and are fairly explicitly normative.

Elgar Companion to Neo Schumpeterian Economics

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Horst Hanusch, Andreas Pyka
Edward Elgar Publishing, 2007 - 1228 pages

The Elgar Companion to Neo-Schumpeterian Economics contains a diverse selection of chapters written by some of the most distinguished scholars in their fields. This comprehensive volume is logically divided into micro-, meso- and macroeconomic sections with both theoretically motivated and empirical contributions. In addition, sections on Neo-Schumpetarian social science and policy are included to provide a complete overview of Neo-Schumpetarian economics. This major new Companion is an original work of reference highlighting not only the broad scope but also the common ground between all branches of this prolific and fast developing field of economics.

Fundamental of Managerial Economics

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Mark Hirschey
696 pages

The economic concepts presented in FUNDAMENTAL OF MANAGERIAL ECONOMICS, 9e, show students how to use common sense to understand business and solve managerial problems without calculus. This innovative text helps students develop and sharpen their economic intuition--an invaluable skill that helps students, as future managers, decide which products to produce, costs to consider, and prices to charge, as well as the best hiring policy and the most effective style of organization. With its unique integrative approach, the text presents the firm as a cohesive, unified organization and demonstrates that important business decisions are interdisciplinary. A basic valuation model is constructed and used as the underlying economic model of the firm; each topic is then related to an element of the value maximization model--a process that shows how management integrates accounting, finance, marketing, personnel, and production functions. The text also provides an intuitive guide to marginal analysis and basic economic relations. Once students grasp the importance of marginal revenue and marginal costs, the process of economic optimization becomes intuitively obvious. In addition, a wide variety of examples and simple numerical problems vividly illustrate the application of managerial economics to a vast assortment of practical situations. By studying the material in FUNDAMENTALS OF MANAGERIAL ECONOMICS, 9e, those seeking to further their business careers learn how to more effectively collect, organize, and analyze information. They gain powerful tools that can help them become more successful--and satisfied--in their careers.

How Economics Become Mathematical Science

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E. Roy Weintraub
Duke University Press, 2002 - 313 pages

InHow Economics Became a Mathematical ScienceE. Roy Weintraub traces the history of economics through the prism of the history of mathematics in the twentieth century. As mathematics has evolved, so has the image of mathematics, explains Weintraub, such as ideas about the standards for accepting proof, the meaning of rigor, and the nature of the mathematical enterprise itself. He also shows how economics itself has been shaped by economistsrs" changing images of mathematics. Whereas others have viewed economics as autonomous, Weintraub presents a different picture, one in which changes in mathematics-both within the body of knowledge that constitutes mathematics and in how it is thought of as a discipline and as a type of knowledge-have been intertwined with the evolution of economic thought. Weintraub begins his account with Cambridge University, the intellectual birthplace of modern economics, and examines specifically Alfred Marshall and the Mathematical Tripos examinations-tests in mathematics that were required of all who wished to study economics at Cambridge. He proceeds to interrogate the idea of a rigorous mathematical economics through the connections between particular mathematical economists and mathematicians in each of the decades of the first half of the twentieth century, and thus describes how the mathematical issues of formalism and axiomatization have shaped economics. Finally,How Economics Became a Mathematical Sciencereconstructs the career of the economist Sidney Weintraub, whose relationship to mathematics is viewed through his relationships with his mathematician brother, Hal, and his mathematician-economist son, the bookrs"s author. This work will interest economists, mathematicians, philosophers, and historians of science, sociologists of science, and science studies scholars.

Handbook of Mathematical Economics

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Kenneth Joseph Arrow, Michael D. Intriligator

The Handbook of Mathematical Economics aims to provide a definitive source, reference, and teaching supplement for the field of mathematical economics. It surveys, as of the late 1970's the state of the art of mathematical economics. This is a constantly developing field and all authors were invited to review and to appraise the current status and recent developments in their presentations. In addition to its use as a reference, it is intended that this Handbook will assist researchers and students working in one branch of mathematical economics to become acquainted with other branches of this field.

The emphasis of this fourth volume of the Handbook of Mathematical Economics is on choice under uncertainty, general equilibrium analysis under conditions of uncertainty, economies with an infinite number of consumers or commodities, and dynamical systems. The book thus reflects some of the ideas that have been most influential in mathematical economics since the appearance of the first three volumes of the Handbook.

Researchers, students, economists and mathematicians will all find this Handbook to be an indispensable reference source. It surveys the entire field of mathematical economics, critically reviewing recent developments. The chapters (which can be read independently) are written at an advanced level suitable for professional, teaching and graduate-level use.

How Economics Forgot History : the Problem of Historical Specificity in Social Science

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Geoffrey Martin Hodgson
Routledge, 2001 - 422 pages
In arguably his most important book to date, Hodgson calls into question the tendency of economic method to try and explain all economic phenomena by using the same catch-all theories and dealing in universal truths. He argues that you need different theories to analyze different economic phenomena and systems and that historical context must be taken into account.
Hodgson argues that the German Historical School was key in laying the foundations for the work of the pioneer institutional economists, who themselves are gaining currency today; and that the growing interest in this school of thought is contributing to a more complete understanding of socio-economic theory.

Handbook of Computational Economics : Agent-Based Computational Economics

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Hans M. Amman, Leigh Tesfatsion, Kenneth L. Judd, David A. Kendrick, John Rust
Elsevier, 2006 - 904 pages

The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.

*Every volume contains contributions from leading researchers
*Each Handbook presents an accurate, self-contained survey of a particular topic
*The series provides comprehensive and accessible surveys

Handbook of Defense Economics

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Keith Hartley, Todd Sandler
Elsevier, 2007 - 698 pages

The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and terrorists) including the spillovers of benefits and costs associated with public goods and transnational externalities (i.e., uncompensated interdependencies affecting two or more nations). These ever-increasing flows mean that military armaments and armies are less able to keep out security threats. Thus, novel defense and security barriers are needed to protect borders that are porous to terrorists, pollutants, political upheavals, and conflicts. Even increased trade and financial flows imply novel security challenges and defenses. Globalization also underscores the importance of a new set of institutions (e.g., the European Union and global governance networks) and agents (e.g., nongovernmental organizations and partnerships). This volume addresses the security challenges in this age of globalization, where conflicts involve novel tactics, new technologies, asymmetric warfare, different venues, and frightening weapons. Volume 2 contains topics not covered in volume 1 i.e., civil wars, peacekeeping, economic sanctions, the econometrics of arms races, conversion, peace economics, and the interface of trade, peace, and democracy. Volume 2 also revisits topics from volume 1, where there has been a significant advancement of knowledge i.e., conflict analysis, terrorism, arms races, arms trade, military manpower, and arms industries. All of the main securities concerns of today are analyzed. Chapters are written by the leading contributors in the topic areas. *Up-to-date surveys on the pressing defense issues: theoretical, empirical and policy issues. *Coverage of theoretical and empirical studies of terrorism. *Contributions by the leading researchers in the field of defense economics.


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Paul Anthony Samuelson, William D. Nordhaus
McGraw-Hill, 1985 - 950 pages

Contains chapter overview and outline, learning objectives, key concept review, helpful hints, multiple choice questions and problem solving questions

Elgar Companion to Posy Keynesian Economics

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John Edward King
Edward Elgar Publishing, 2003 - 405 pages

In this definitive volume, over 80 distinguished contributors from four continents provide authoritative critical discussion of the principal areas of controversy in post Keynesian economics, including all significant issues in methodology, economic theory, applied economics and policy.

The Crisis In Economics: The Post-Autistic Economics Movement : The first 600 days

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Edward Fullbrook
Routledge, 2003 - 226 pages

Economics can be pretty boring. Drier than Death Valley, the discipline is obsessed with mathematics and compounds this by arrogantly assuming its techniques can be brought to bear on the other social sciences. It wasn't going to be long, therefore, before students started complaining. The vast majority have voted with their feet and signed up for business and management degrees, but in the past two years there has grown an important new movement that has decided to tackle those who think they run economics head-on. This is the Post-autistic Economics Network. The PAE Network started in France and has spread first to Cambridge and then other parts of the world. The name derives from the fact that mainstream economics has been accused of institutional autism ie. qualitative impairment of social interaction, failure to develop peer relationships and lack of emotional and social reciprocity. In short, economics has lost touch with reality and has become way too abstract. This book charts the impact thePAE Network has had so far and constitutes a manifesto for a different kind of economics - it features key contributions from all the major voices in heterodox economics including Tony Lawson, Deirdre McCloskey, Geoff Hodgson, Sheila Dow and Warren Samuels.

The Concise Encyclopedia of Economics

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The Library of Economics and Liberty
1181 Pages

The Big Three in Economics: Adam Smith, Karl Marx and John Maynard Keynes

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Mark Skousen
M.E. Sharpe, 2007 - 243 pages

History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. 'The Big Three in Economics' traces the turbulent lives and battle of ideas of the three most influential economists in world history; Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's invisible hand model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.

Ten Principles of Economics

Ten Principles of Economics

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522 pages

A Student Guide to Economics

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Paul T. Heyne, Joseph A. Weglarz
ISI Books, 2000 - 64 pages

The ISI Guides to the Major Disciplines are reader-friendly introductions to the most important fields of knowledge in the liberal arts. Written by leading scholars for both students and the general public, they will be appreciated by anyone desiring a reliable and informative tour of important subject matter. Each title offers an historical overview of a particular discipline, explains the central ideas of each subject, and evaluates the works of thinkers whose ideas have shaped our world. They will aid students seeking to make better decisions about their course of study as well as general readers who wish to supplement their education. All who treasure the world of ideas and liberal learning will be motivated by these original and stimulating presentations.

Institution, Sustainability and Natural Resources: Institutions for Sustainable Forest Management

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Shashi Kant, R. Albert Berry
2005 - 361 pages

A new economic theory, rather than a new public policy based on old theory, is needed to guide humanity toward sustainability. Institutions are a critical dimension of sustainability and sustainable forest management, and economic analysis of institutional dimension requires an inclusionist rather than an exclusionist approach. This book provides a systematic critique of neoclassical economic approaches and their limitations with respect to sustainability. Leading institutional economists discuss theoretical perspectives about appropriate institutions for sustainable forest management, markets for environmental services, deforestation and specialization, and some country experiences about Kyoto Protocol, international trade, biodiversity conservation, and sustainable forest management in general. The book includes the ideas from old as well as new institutional economics and discusses the main features of Post-Newtonian economics. This book follows a companion book, Economics, Sustainability, and Natural Resources: Economics of Sustainable Forest Management, volume 1 of the series.

Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being

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George A. Akerlof, Rachel E. Kranton
Princeton University Press, 2010 - 185 pages

In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--would make different choices. This was the beginning of a fourteen-year collaboration--and of Identity Economics. Identity economics is a new way to understand people's decisions--at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't; why some schools succeed and others don't; why some cities and towns don't invest in their futures--and much, much more.Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity--their conception of who they are, and of who they choose to be--may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being.

How the Dismal Science Got Its Name: Classical Economics and the Ur-Text of Racial Politics

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David M. Levy
University of Michigan Press, 2002 - 336 pages
It is widely asserted that the Victorian sages attacked classical economics from a humanistic or egalitarian perspective, calling it "the dismal science," and that their attack is relevant to modern discussions of market society. David M. Levy here demonstrates that these assertions are simply false: political economy became "dismal" because Carlyle, Ruskin, and Dickens were horrified at the idea that systems of slavery were being replaced by systems in which individuals were allowed to choose their own paths in life. At a minimum, they argued, "we" white people ought to be directing the lives of "them," people of color.

Economists of the time argued, on the other hand, that people of color were to be protected by the rule of law--hence the moniker "the dismal science."

A startling image from 1893, which is reproduced in full color on this book's jacket, shows Ruskin killing someone who appears to be nonwhite. A close look reveals that the victim is reading "The Dismal Science."
Levy discusses this image at length and also includes in his text weblinks to Carlyle's "Occasional Discourse on the Negro Question" and to Mill's response, demonstrating that these are central documents in British classical economics. He explains Adam Smith's egalitarian foundations, contrasting Smith's approach to the hierarchical alternative proposed by Carlyle. Levy also examines various visual representations of this debate and provides an illuminating discussion of Smith's "katallactics," the science of exchange, comparing it with the foundations of modern neoclassical economics.

How the Dismal Science Got Its Name also introduces the notion of "rational choice scholarship" to explain how attacks on market economics from a context in which racial slavery was idealized have been interpreted as attacks on market economics from a humanistic or egalitarian context. Thus it will greatly appeal to economists, political scientists, philosophers, students of Victorian literature, and historians.

David M. Levy is Associate Professor of Economics and Research Associate, Center for Study of Public Choice, George Mason University.

Shipping Economics

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Kevin Cullinane
Elsevier, 2005 - 313 pages
Shipping is by far the most significant mode of transportation for the carriage of freight. In terms of volume alone, no other mode comes close. Its dominance is even more overwhelming when distances are accounted for. This book is concerned with the economics of this pivotal mode of transportation. It reveals that the influences on the development and current state of shipping economics research are extremely eclectic. The various chapters in the book represent areas that are of central concern to ongoing research in the field. As such, the book is useful to students, researchers, industrialists, policy makers and consultants. The authors of the contributed chapters are some of the leading names in the world of shipping economics, addressing a number of diverse areas: The econometric modeling of shipping markets; Shipping finance (a critical issue in such a capital intensive industry); Fiscal policy (and its impact on an international industry with great asset mobility) and Safety and security (aspects that have risen to prominence with increasing concerns over the environment and international terrorism). Ultimately, while shipping as a business depends upon trade, it is absolutely certain that the business of trade depends upon shipping. The final two chapters, therefore, incorporate aspects of network economics, welfare economics and international trade theory to analyze where and how shipping sits within the wider perspective of industrial supply chains.

Professor Kevin Cullinane, BA BSc MSc PhD FCILT CNI

Professor Kevin Cullinane is Chair in Marine Transport & Management at the University of Newcastle in the U.K. He was previously Professor and Head of the Department of Shipping & Transport Logistics at the Hong Kong Polytechnic University, Head of the Centre for International Shipping & Transport at Plymouth University, Senior Partner in his own transport consultancy company and Research Fellow at the University of Oxford Transport Studies Unit. He is a Fellow of the Chartered Institute of Logistics & Transport and has been a transport adviser to the governments of Hong Kong, Egypt, Chile and the U.K. He holds visiting Professorships at a number of institutions and an Honorary Professorship at the University of Hong Kong.

Sex, Drugs and Economics: An Unconventional Introduction to Economics

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Diane Coyle
Texere, 2002 - 263 pages

A refreshing look at economics with topics ranging from sex, drugs, arms and music to energy, movies and farming, the Internet and Aids, Diane Coyle plunges herself and the reader into some of the world’s most contentious political and social issues. Diane Coyle shows how economic principles apply to headline issues in an entertaining, humane and highly intelligent way. Harvard-educated Coyle is an economist and award-winning writer specializing in business, technology and global economics

Reorienting Economics

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Tony Lawson
Routledge, 2003 - 383 pages
This eagerly anticipated new book from Tony Lawson contends that economics can profit from a more explicit concern with ontology (enquiry into the nature of existence) than has been its custom. By admitting that economics is not exactly a picture of health at the moment, Lawson hopes that we can move away from the bafflingly intransigent belief that economics is at its core reliant upon mathematical modelling. This maths-envy is the reason why economics is in a state of such disarray. Far from being a polemic against the mainstream, this excellent new book is concerned that if economics is to be saved from itself then there must be a realistic dialogue between the classical heterodox fields. Of interest to philosophers, sociologists and social scientists as well as economists, this comprehensive, logical book is a vital contribution to an important debate.

Principles of Financial Economics

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Stephen F. LeRoy, Jan Werner
Cambridge University Press, 2001 - 280 pages
This book introduces graduate students in economics to the subfield of financial economics. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Since students often find this link hard to grasp, the treatment aims to make the connection explicit and clear in each stage of the exposition. Emphasis is placed on detailed study of two-date models, because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis is intended to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable

Postmodernism, Economics and Knowledge

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Stephen Cullenberg, Jack Amariglio, David F. Ruccio
Routledge, 2001 - 495 pages
Only in the past twenty years have debates surrounding modernism and postmodernism begun to have an impact on economics. This new way of thinking rejects claims that science and mathematics provide the only models for the structure of economic knowledge.

This ground-breaking volume brings together the essays of top theorists including Arjo Klamer, Deirdre McCloskey, Julie Nelson, Shaun Hargreaves-Heap and Philip Mirowski on a diverse range of topics such as gender, postcolonial theory and rationality as well as postmodernism.

Port Economics

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Kevin Cullinane, Wayne Kenneth Talley
Elsevier, 2006 - 249 pages
A port (or seaport) is a place that provides for the vessel transfer of cargo and passengers to and from waterways and shores. Port economics is concerned with the study of the economics of port services. Users of port services are those that utilize the port as part of the transportation process of moving cargo and passengers to and from origin and destination locations. Users include transportation carrriers such as shipping lines, railroads and trucking firms that perform these movements and shippers and individuals that provide the cargo and themselves as passengers to be transported. Port users demand port services, whereas port service providers such as the port terminal operator supply port services to port users. Port economics and shipping economics comprise the branch of economics known as maritime economics. This volume provides original contributions to the study of port economics: 1) the evolution of port economics; 2) economic theories of the port, port cost functions and port investment; and 3) empirical evidence on the relative efficiency of ports, the impact of ports on international maritime transport costs, the competitiveness of ports and the impact of deregulation on dockworker wages. *Provides original contributions to the study of port economics *Examines the evolution of port economics, economic theories of the port, and emprical evidence on the relative efficiency of ports, the impact of ports on transport costs, and the competitiveness of ports

Open Economics: Economics in Relation to Other Disciplines

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Richard Arena, Sheila C. Dow, Matthias Klaes
Routledge, 2009 - 334 pages
Economics has developed into one of the most specialised social sciences. Yet at the same time, it shares its subject matter with other social sciences and humanities and its method of analysis has developed in close correspondence with the natural and life sciences. This book offers an up to date assessment of economics in relation to other disciplines.This edited collection explores fields as diverse as mathematics, physics, biology, medicine, sociology, architecture, and literature, drawing from selected contributions to the 2005 Annual Conference of the European Society for the History of Economic Thought (ESHET). There is currently much discussion at the leading edges of modern economics about openness to other disciplines, such as psychology and sociology. But what we see here is that economics has drawn on (as well as contributed to) other disciplines throughout its history. In this sense, in spite of the increasing specialisation within all disciplines, economics has always been an open discipline and the chapters in this volume provide a vivid illustration for this.Open Economics is a testament to the intellectual vibrancy of historical research in economics. It presents the reader with a historical introduction to the disciplinary context of economics that is the first of its kind, and will appeal to practising economists and students of the discipline alike, as well as to anybody interested in economics and its position in the scientific and social scientific landscape.

Money for Minors. A Student's Guide to Economics

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Marie Bussing-Burks
Greenwood, 2008 - 200 pages
Money. Debt. Interest rates. Bankruptcy. Billionaires. Students may understand that money makes the world go 'round, but most are a little shaky when it comes to explaining how and why. Using an A-Z format and containing over 400 entries, this reference book provides an essential foundation of business and economic knowledge for middle-school, high-school, and community college students. Short features scattered throughout the text add interest and fun, while helping students understand how economics affects their daily lives. Best, the entries are written in a style ideal for students just beginning to learn how economies work and function

Teenagers spend over $100 billion annually in the U.S. and influence everything from clothing styles to music and movies to food and cell phones. "Money for Minors" will help them understand how their daily decisions have a huge impact on the economy. Special features will enable budding moguls to understand how they can become entrepreneurs and create economic value in various ways, evaluate offers from banks and credit card companies, read the business section of the newspaper, understand the importance of various government statistics, and more. And the book will not just prepare students for the higher-level economics courses they will take in high school and college-it will be a terrific guide for anyone doing research on everything from the Great Depression to credit card debt to real estate to inflation. Over 400 clearly written definitions will help students understand the essential concepts of economics and finance. In addition: -Short sidebars scattered throughout the text help students understand how economics affects their daily lives. Topics include reading stock quotes, icon economists like Alan Greenspan, monetary trivia, cool econ and monetary Websites, and the basics of entrepreneurship. -Six mini-lessons provide real-life applications of how the economy functions. Topics include The Federal Reserve System, Gross Domestic Product, Government Spending and Taxation, National Debt, Money, and The Business Cycle. Used as a stand-alone reference or in conjunction with an economics textbook, the definitions in the book will help students learn the language of economics-and help them understand the ways in which individuals, businesses, and government work together to form our $13 trillion economy.

Microeconomics: Behavior, Institutions and Evolution

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Samuel Bowles
Princeton University Press, 2004 - 584 pages

In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events. Topics addressed include institutional innovation, social preferences, nonmarket social interactions, social capital, equilibrium unemployment, credit constraints, economic power, generalized increasing returns, disequilibrium outcomes, and path dependency. Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models. Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human

Methodology of Economics. Secular Vs Islamic

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Waleed A. J. Addas
International Islamic University Malaysia Press, 2008 - 148 pages

Lecture Notes in Financial Economics

Lecture Notes in Financial Economics
London School of Economics and Political Science


Antonio Mele
London School of Economics and Political Science
January 2007 - 336 pages

Interntional Handbook of Development Economics. Vol 1


Amitava Krishna Dutt, Jaime Ros
Edward Elgar Publishing, 2008 - 1178 Pages

Senin, 23 Agustus 2010

The Struggle Over the Soul of Economics: Institutionalist and neoclassical Economists in America Between the Wars

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Yuval P. Yonay
Princeton University Press, 1998 - 290 pages

This book provides a surprising answer to two puzzling questions that relate to the very "soul" of the professional study of economics in the late twentieth century. How did the discipline of economics come to be dominated by an approach that is heavily dependent on mathematically derived models? And what happened to other approaches to the discipline that were considered to be scientifically viable less than fifty years ago? Between the two world wars there were two well-accepted schools of thought in economics: the "neoclassical," which emerged in the last third of the nineteenth century, and the "institutionalist," which started with the works of Veblen and Commons at the end of the same century. Although the contributions of the institutionalists are nearly forgotten now, Yuval Yonay shows that their legacy lingers in the study and practice of economics today. By reconsidering their impact and by analyzing the conflicts that arose between neoclassicists and institutionalists, Yonay brings to life a hidden chapter in the history of economics.The author is a sociologist of science who brings a unique perspective to economic history. By utilizing the actor-network approach of Bruno Latour and Michel Callon, he arrives at a deeper understanding of the nature of the changes that took place in the practice of economics. His analysis also illuminates a broader set of issues concerning the nature of scientific practice and the forces behind changes in scientific knowledge.

The Secret Sins of Economics

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Deirdre N. McCloskey
Prickly Paradigm Press, 2002 - 58 pages

Deirdre McCloskey's work in economics always calls into question its reputation as "the dismal science." She writes with passion and an unusually wide scope, drawing on literature and intellectual history in exciting, if unorthodox, ways. In this pamphlet, McCloskey reveals what she sees as the secret sins of economics that no one will discuss--two sins that "cripple" economics as a "scientific enterprise."

The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics

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Eric D. Beinhocker
Harvard Business Press, 2006 - 527pages

In theOrigin of Wealth, Eric Beinhocker offers a thorough and convincing new way to think about economic growth and business management. The author begins by exploring the roots of modern economic theory and ultimately declares it outmoded and wrong. Instead, he suggests, markets and growth can best be explained by drawing on the emerging field of complexity economics: the study of markets and social systems as complex adaptive systems. Although biological metaphors in business have become familiar (i.e., organizations are living organisms), Beinhocker moves beyond metaphor to explain the revolutions in science that will inevitably change the way we think about economics, competition, and business. TheOrigin of Wealthraises important questions such as: How can one create strategy in uncertain and fast moving environments? Why is it hard for large organizations to be innovative and how should we organize for better results? What role should governments play in this new era?Here's what peer reviewers have to say:"a tour de force....The value in this book is not novelty per se, but rather that it combines, synthesizes,a and (wonderfully) elucidates important ideas....The title is very ambitious but the book lives up to the challenge.""an impressive body of work. very well written and engaging....offers a more sophisticated and better informed perspective...than provided in earlier popular accounts."

The Teory of Individual In Economics: Identity and Value


John Bryan Davis
Routledge, 2003 - 216 pages
The concept of the individual and his/her motivations is a bedrock of philosophy. All strands of thought at heart contain to a particular theory of the individual. Economics, though, is guilty of taking this hugely important concept without questioning how we theorize it. This superb book remedies this oversight. The new approach put forward by Davies is to pay more attention to what moral philosophy may offer us in the study of personal identity, self consciousness and will. This crosses the traditional boundaries of economics and will shed new light on the distinction between positive and normative analysis in economics. With both heterodox and orthodox economics receiving a thorough analysis from Davies, this book is at once inclusive and revealing.

Top Careers For Economics Graduates


Inc Facts on File, Ferguson Publishing
Checkmark Books, 2004 - 378 pages

Describes a variety of careers related to economics.

The Making of Modern Economics : The Lives and Ideas of the Great Thinkers

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Mark Skousen
M.E. Sharpe, 2009 - 494 pages
Noted financial writer and commentator Mark Skousen traces the development of modern economic science through engaging accounts of the lives and contributions of every major economist over the past 225 years.

The Evolution of Institutional Economics

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Geoffrey Martin Hodgson
Routledge, 2004 - 534 pages

The story of American Institutional Economics, from its foundations through its supremacy and subsequent decline is an extremely interesting one. Today with the return of Darwinian ideas to social sciences, changes in psychology and a revival of pragmatist philosophy, the intellectual conditions for a revival and reconstruction of American Institutionalism are arguably in place. Few are better qualified to provide an authoritative, wide-ranging account of the rise, fall and potential rebirth of institutional economics than Geoffrey Hodgson. This well-written comprehensive study offers an interpretation of Veblen and American Institutionalism that places Darwinism at the center. In this and other aspects, it challenges prevailing accounts of the nature and potential of American Institutionalism. The author's position as one of the most important economists in the world is becoming cemented by his marvelous history of important books. This book will only add to his status. The book will be readand re-read by academics and students economics, philosophy and sociology.

The Elgar Companion to Economics and Philosophy

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John Bryan Davis, Jochen Runde
Edward Elgar Publishing, 2004 - 509pages

'The Elgar Companion To Economics and Philosophy is a very good read. Every library should buy it now.' - John King, History of Economics Review 'The volume collects articles surveying developments in such related fields as economic methodology, ethics, epistemology, and social ontology. Many of the articles are forward-looking, and as such constitute substantive and original (and at times provocative) contributions to the literature. The volume as a whole is a success; the editors are to be congratulated for their efforts.' - Bruce J. Caldwell, University of North Carolina, Greensboro, US 'This Companion is called economics and philosophy but actually it is about the philosophy of economics and all the great questions in the subject are here. The weather in the philosophy of economics has been stormy lately and the climate continues to this day to be unsettled. Will the storms soon settle down to give way to calmer days? Read this excellent collection of informative papers in the field to stimulate your ow the field and readers interested in the nature of the discipline of economics.

Economics Versus Human Rights

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Manuel Couret Branco
Taylor & Francis, 2009 - 168 pages

Human rights and economics are the concepts that have contributed the most to free human kind, the former from fear and the latter from need. Consequently, they should be complementing rather competing. Unfortunately it does not seem to be the case. In this book Manuel Couret Branco shows how mainstream economics discourse is intrinsically opposed to the promotion of human rights, especially economic, social and cultural rights. Considering a variety of issues, this book looks at the conflict between economics and human rights at a theoretical level; how economics is opposed to the right to work; how economics, being a science concerned with the provision of goods and services for commercial purposes, conflicts with the idea of providing those same goods and services as rights, using as examples the right to water and the right to social security; the opposition of economics to cultural freedom, supported by the argument that economics tends to homogenize cultures on the basis of the idea that there is only one best culture to fulfil economic objectives; how economics contributes to the erosion of the democratic idea; and, finally, the opposition of economic globalisation to democracy. The main conclusion of the book is that enhancing human rights in the global economy era demands a radical transformation of economics and of the economy. This transformation should be characterised by reinstating the primacy of the person over the economy, by replacing economics at the service of human dignity. One of the aspects of this transformation concerns the need for a democratic control of the market. This democratic control means that people affected by economic decisions should be able to participate in the making of those decisions. In other words, the book proposes the recognition of economics as essentially a political science, and, thereby, the rehabilitation of politics within economics' discourse.

Machine Dreams: Economics Becomes A Cyborg Machine

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Philip Mirowski
Cambridge University Press, 2002 - 655 pages

This is the first cross-over book in the history of science written by an historian of economics, combining a number of disciplinary and stylistic orientations. In it Philip Mirowshki shows how what is conventionally thought to be "history of technology" can be integrated with the history of economic ideas. His analysis combines Cold War history with the history of the postwar economics profession in America and later elsewhere, revealing that the Pax Americana had much to do with the content of such abstruse and formal doctrines such as linear programming and game theory. He links the literature on "cyborg science" found in science studies to economics, an element missing in the literature to date. Mirowski further calls into question the idea that economics has been immune to postmodern currents found in the larger culture, arguing that neoclassical economics has surreptitiously participated in the desconstruction of the integral "Self." Finally, he argues for a different style of economics, an alliance of computational and institutional themes, and challenges the widespread impression that there is nothing else besides American neoclassical economic theory left standing after the demise of Marxism. Philip Mirowski is Carl Koch Professor of Economics and the History and Philosophy of Science, University of Notre Dame. He teaches in both the economics and science studies communities and has written frequently for academic journals. He is also the author of More Heat than Light (Cambridge, 1992) and editor of Natural Images in Economics (Cambridge, 1994) and Science Bought and Sold (University of Chicago, 2001).

Economics Evolution : an Enquiry Into the Foundations of New Institutional Economics


Jack J. Vromen
Routledge, 1995 - 245 pages

The new institutional economics offers one of the most exciting research agendas in economics today. Yet can it really explain processes of economic change? Economic Evolution explores three of the main approaches within the new institutional economics:
* the new theory of the firm,
* Nelson and Winter's evolutionary economics
* game theoretic accounts of spontaneous evolution.

Close analysis reveals that the approaches differ on such fundamental issues as the meaning of terms like institution' and evolution'. However, the book also uncovers two evolutionary mechanisms that govern processes of economic change in all of these approaches.

Economics for Humans


Julie A. Nelson
University of Chicago Press, 2006 - 154 pages

At its core, an economy is about providing goods and services for human well-being. But many economists and critics preach that an economy is something far different: a cold and heartless system that operates outside of human control. In this impassioned and perceptive work, Julie A. Nelson asks a compelling question: If our economic world is something that we as humans create, aren’t ethics and human relationships—dimensions of a full and rich life—intrinsically part of the picture? Is it possible to take this thing we call economics and give it a body and a soul?

Economics for Humans argues against the well-ingrained notion that economics is immune to moral values and distant from human relationships. Here, Nelson locates the impediment to envisioning a more considerate economic world in an assumption that is shared by both neoliberals and the political left.

Despite their seemingly insurmountable differences, Nelson notes that they both make use of the metaphor, first proposed by Adam Smith, that the economy is a machine. This pervasive idea, Nelson argues, has blinded us to the qualities that make us work and care for one another—qualities that also make businesses thrive and markets grow. We can wed our interest in money with our justifiable concerns about ethics and social well-being. And we can do so if we recognize that an economy is not a machine, but a living, beating heart that circulates blood to all parts of the body while also serving as an emblem of compassion and care.

Nothing less than a manifesto, Economics for Humans will both invigorate and inspire readers to reshape the way they view the economy, its possibilities, and their place within it. 

Economics Lab: An Intensive Course in Experimental Economics


Daniel Friedman, Alessandra Cassar, Reinhard Selten
Routledge, 2004 - 233 pages

Laboratory experiments with human subjects provide crucial data in most fields of economics. There has been a tremendous upsurge in interest in this relatively new field of economics. This textbook is an introduction to the world of experimental economics. Contributors such as Reinhard Selten and Axel Leijonhufvud add to a book that begins with an exploration of the history of experimental economics before moving on to describing how to set up an economics experiment and surveying selected applications and the latest methods. This user-friendly book demonstrates how students can use the lessons learned within it to conduct original research. With their free-flowing, discursive yet precise style, Friedman and Cassar have created a book that will be simply essential to students of experimental economics across the world. Thanks to its authoritative content, the book will also find its way onto every respectable economists bookshelf.

Economics Uncut. A Complete Guide toLife, Death and Misadventure


Simon W. Bowmaker
Edward Elgar Publishing, 2005 - 451 pages

This highly innovative and intriguing book applies principles of microeconomics to unusual settings to inspire students, teachers and scholars alike in the `dismal science'. Leading experts show how economics reaches into the strangest of places and throws light onto the dark side of human nature.

Review at

This book is a blessing and should be kept in everyone's bday wish and gift list to purchase for yourself, or for your loved ones and friends.

If Freakonomics was able to receive a NY Times blogger section, so shall the Times with Economics Uncut. Please enjoy this fabulous book.

Economics, Culture and Social Theory


William A. Jackson
Edward Elgar Publishing, 2009 - 269 pages

Economics, Culture and Social Theory examines how culture has been neglected in econ omic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory. Orthodox economics has prompted a long line of cultural criticism that goes back to the origins of economic theory and extends to recent debates surrounding postmodernism. William A. Jackson discusses the cultural critique of economics, identifies the main arguments, and assesses their implications.

Among the topics covered are relativism and realism, idealism and materialism, agency and structure, hermeneutics, semiotics, and cultural evolution. Drawing from varied literatures, notably social and cultural theory, the book stresses the importance of culture for economic behaviour and looks at the prospects for a renewed and culturally informed economics.

The book will be invaluable to heterodox economists and to anyone interested in the links between culture and the economy. It takes an interdisciplinary approach, arguing against the isolation of economics, and will therefore hold wide appeal for social scientists working in related fields, as well as for economists specialising in cultural economics and economic methodology.

Dollar Overvaluation and The World Economy


C. Fred Bergsten, John Williamson, Institute for International Economics (U.S.)
Peterson Institute, 2003 - 310 pages

Ecological Economics. Principles and Application


Herman E. Daly, Joshua C. Farley
Island Press, 2004 - 454 pages

Conventional economics is often criticized for failing to reflect adequately the value of clean air and water, species diversity, and social and generational equity. By excluding biophysical and social systems from their analyses, many conventional economists overlook problems of the increasing scale of human impacts and the inequitable distribution of resources. Ecological Economics is an introductory-level textbook for an emerging paradigm that addresses this flaw in much economic thought.

The book defines a revolutionary "transdiscipline" that incorporates insights from the biological, physical, and social sciences, and it offers a pedagogically complete examination of this exciting new field. The book provides students with a foundation in traditional neoclassical economic thought, but places that foundation within a new interdisciplinary framework that embraces the linkages among economic growth, environmental degradation, and social inequity. Introducing the three core issues that are the focus of the new transdiscipline -- scale, distribution, and efficiency -- the book is guided by the fundamental question, often assumed but rarely spoken in traditional texts: What is really important to us? After explaining the key roles played by the earth's biotic and abiotic resources in sustaining life, the text is then organized around the main fields in traditional economics: microeconomics, macroeconomics, and international economics. 
The book also takes an additional step of considering the policy implications of this line of thinking.Ecological Economics  includes numerous features that make it accessible to a wide range of students: more than thirty text boxes that highlight issues of special importance to students lists of key terms that help students organize the main points in each chapter concise definitions of new terms that are highlighted in the text for easy reference study questions that encourage student exploration beyond the text glossary and list of further readingsAn accompanying workbook presents an innovative, applied problem-based learning approach to teaching economics.While many books have been written on ecological economics, and several textbooks describe basic concepts of the field, this is the only stand-alone textbook that offers a complete explanation of both theory and practice. It will serve an important role in educating a new generation of economists and is an invaluable new text for undergraduate and graduate courses in ecological economics, environmental economics, development economics, human ecology, environmental studies, sustainability science, and community development.

Economics. John Sloman


John Sloman
Financial Times Prentice Hall,
2006 - 750pages

Sloman's Economics has proven to be an extremely popular text, with consistently positive feedback from students. Comprehensive and completely up-to-date, this sixth edition is the ideal introduction for students studying economics for the first time. And it's carefully designed to enhance learning and help your students to improve their marks too!Suitable for use on principles of economics courses on single or joint honours economics degree programmes, or on introductory economics courses as a part of a business, social science or other degree programme.

Economics and It's Enemies: Two Centuries of Anti-Economics


William Oliver Coleman
Palgrave Macmillan, 2004 - 328 pages

Anti-economics is described as the opposition to the main stream of economic thought that has existed from the eighteenth-century to the present day. This book tells the story of anti-economics in relations to Smith, Ricardo, Mill, Walras, Keynes and Hicks as well as current economic thinkers. William Coleman examines how anti-economics developed from the Enlightenment to the present day and analyzes its

Economics and Psychology. A Promising New Crossing Disciplinary Field

Bruno S. Frey
MIT Press, 2007 - 286 pages

The integration of economics and psychology has created a vibrant and fruitful emerging field of study.

The essays in Economics and Psychology  take a broad view of the interface between these two disciplines, going beyond the usual focus on "behavioral economics." As documented in this volume, the influence of psychology on economics has been responsible for a view of human behavior that calls into question the assumption of complete rationality (and raises the possibility of altruistic acts), the acceptance of experiments as a valid method of economic research, and the idea that utility or well-being can be measured.

The contributors, all leading researchers in the field, offer state-of-the-art discussions of such topics as pro-social behavior and the role of conditional cooperation and trust, happiness research as an empirical tool, the potential of neuroeconomics as a way to deepen understanding of individual decision making, and procedural utility as a concept that captures the well-being people derive directly from the processes and conditions leading to outcomes. Taken together, the essays in Economics and Psychology offer an assessment of where this new interdisciplinary field stands and what directions are most promising for future research, providing a useful guide for economists, psychologists, and social scientists.

Economics and Reality


Tony Lawson
Routledge, 1997 - 364 pages

There is an increasingly widespread belief, both within and outside the discipline, that modern economics is irrelevant to the understanding of the real world.Economics and Realitytraces this irrelevance to the failure of economists to match their methods with their subject, showing that formal, mathematical models are unsuitable to the social realities economists purport to address. Tony Lawson examines the various ways in which mainstream economics is rooted in positivist philosophy and examines the problems this causes. It focuses on human agency, social structure and their interaction and explores how the understanding of this social phenomena can be used to transform the nature of economic practice.Economics and Realityconcludes by showing how this newly transformed economics might set about shaping economic policy.

Economics as Religion: from Samuelson to Chicago and Beyond


Robert Henry Nelson
Penn State Press, 2001 - 378 halaman
Michael Emmet Brad's Review at

This book is certainly worth buying .It is well written.It is probably true that,to some extent,Samuelson saw Keynesian ecomomics as a religious type gospel of reform.Undoubtedly,the Chicago school's libertarian atheism (of Milton Friedman and others)can be regarded as a type of religion.It is certainly true that Adam Smith's work has been so badly misinterpreted by practically all economists,including Nelson,that one could be convinced that Smith's Invisible Hand is based on some type of mysterious ,near religious belief.Nothing could be further from the truth.

Nelson totally misstates Adam Smith's position again and again and again throughout this book.There is not a single page in this book that, even remotely,provides the reader with a firm foundation about what Smith's system of classical liberty really entailed.Nelson's assessments of Smith's system are about as accurate as the entirely false claim that John Maynard Keynes was an advocate of deficit finance(Keynes was a stauch opponent of deficit finance throughout his life.It is simply false to state that Keynes favored deficit finannce).
Nelson claims the following:" As Adam Smith now interpreted the natural laws of economics,governments that sought to interfere with the individual pursuit of self interest in the market were acting contrary to the devine plan.The results were only likely to cause wide social disruption and distress-just as would any government action that in the physical order might be foolishly taken in attempted defiance of the law of gravity".(Nelson,p.287 :see also,for example,pp.44,84,89,191,etc.).
Nelson,Samuelson, Friedman,and the rest of the economics profession have it all wrong and upside down.Smith certainly recognized that the Invisible Hand process of the division of labor and labor specialization created great wealth and economic growth.However,he also clearly recognized that it simultaneously generated massive undepletable ,detrimental externalities impacting the entire work force that only government actions could reduce,mitigate,or minimize.This is all clearly stated on pp.734-741 of the Modern Library (Cannan)edition of the Wealth of Nations.Nelson's book is intellectually unsatisfactory in its present state.
The Invisible Hand has absolutely nothing to do with God,Divine Providence,or religion at all.It is a purely human economic-social process that leads to positive changes over time in a society because both the individual and society(all other individuals) benefit from the additional expertise and training as new specializations are created over time 

Unfortunately,this process also has a dark side that Smith recognizes can only be effectively dealt with by government action.Period.Nelson needs to read what Smith actually said and initiate substantial CHANGES IN HIS NEXT EDITION.