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At Harvard, tenure decisions are a matter of life -- or death. For Dennis Gossen, the economics department whiz kid currently being considered for tenure, it's definitely death. When he's turned down by the high-and-mighty Promotion and Tenure Committee, Gossen commits suicide. A Question of Cost Accounting... Or does he? It's hard to imagine why a young man with a brilliant scholarly future -- at Harvard or not -- would come up with an equation in which the opportunity cost of killing himself (a high price, considering his potential earnings) would be outweighed by the emotional cost of failing to receive tenure. ... Or Utility? Then two members of the P and T Committee are murdered, and it becomes clear to Professor Henry Spearman of the Economics Department that the killer must be on the committee. But which of his illustrious colleagues would have significantly increased his -- or her -- utility (i.e., happiness) by murdering a faculty member or two? Or three?
At Harvard, tenure decisions are a matter of life -- or death. For Dennis Gossen, the economics department whiz kid currently being considered for tenure, it's definitely death. When he's turned down by the high-and-mighty Promotion and Tenure Committee, Gossen commits suicide. A Question of Cost Accounting... Or does he? It's hard to imagine why a young man with a brilliant scholarly future -- at Harvard or not -- would come up with an equation in which the opportunity cost of killing himself (a high price, considering his potential earnings) would be outweighed by the emotional cost of failing to receive tenure. ... Or Utility? Then two members of the P and T Committee are murdered, and it becomes clear to Professor Henry Spearman of the Economics Department that the killer must be on the committee. But which of his illustrious colleagues would have significantly increased his -- or her -- utility (i.e., happiness) by murdering a faculty member or two? Or three?
Professor and amateur sleuth Henry Spearman uses economics to try to solve a murder while on a Caribbean vacation Cinnamon Bay seems like the ideal Caribbean getaway. But for Harvard economist and amateur detective Henry Spearman it offers an unexpected and decidedly different diversion: murder. With the police at a loss, Spearman investigates on his own, following a rather different set of laws—those of economics. Theorizing and hypothesizing, Spearman sets himself on the killer’s trail as it winds from the perfect beaches and manicured lawns of a resort to the bustling old port of Charlotte Amalie to the perilous hiking trails of a dense forest. Can Spearman crack the case using economics—and before it’s too late?
Economics professor and amateur detective Henry Spearman tackles a mystery where the price of art is murder In The Mystery of the Invisible Hand, Henry Spearman, an economics professor with a knack for solving crimes, is pulled into a case that mixes campus intrigue, stolen art, and murder. Arriving at San Antonio’s Monte Vista University to teach a course on art and economics, he is confronted with a puzzling art theft and the suspicious suicide of the school’s artist-in-residence. From Texas to New York, Spearman traces the connections between economics and the art world, finding his clues in monopolies, auction theory, and Adam Smith. How is a company’s capital like an art museum’s collection? What does the market say about art’s authenticity versus its availability? What is the mysterious “death effect”—and does it lie at the heart of the case? Spearman must rely on his savviest economic thinking to answer these questions—and pin down a killer.
Harvard professor Henry Spearman—an ingenious amateur sleuth who uses economics to size up every situation—is sent by an American entrepreneur to Cambridge, England. Spearman's mission is to scout out for purchase the most famous house in economic science: Balliol Croft, the former dwelling place of Professor Alfred Marshall, John Maynard Keynes’s teacher and the font of modern economic theory. A near miss for the American entrepreneur and the shocking and bizarre murder of Nigel Hart, the master of Bishop’s College, soon make it clear that the whole affair is risky business. When a second corpse turns up, Spearman is jolted into realizing that his own life is in peril as he finds himself face to face with the most diabolical killer in his experience.
The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book, Joseph Stiglitz explains how the neoclassical, or Walrasian model (the formal articulation of Adam Smith's invisible hand), which has dominated economic thought over the past half century, may have wrongly encouraged the belief that market socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater theoretical insight into the workings of a market economy and clearer guidance for the setting of policy in transitional economies. Stiglitz sees the critical failing in the standard neoclassical model underlying market socialism to be its assumptions concerning information, particularly its failure to consider the problems that arise from lack of perfect information and from the costs of acquiring information. He also identifies problems arising from its assumptions concerning completeness of markets, competitiveness of markets, and the absence of innovation. Stiglitz argues that not only did the existing paradigm fail to provide much guidance on the vital question of the choice of economic systems, the advice it did provide was often misleading.
A pioneering book that shows how the two great themes of classic science, order and chaos, are being reconciled in a new and unexpected synthesis Order Out of Chaos is a sweeping critique of the discordant landscape of modern scientific knowledge. In this landmark book, Nobel Laureate Ilya Prigogine and acclaimed philosopher Isabelle Stengers offer an exciting and accessible account of the philosophical implications of thermodynamics. Prigogine and Stengers bring contradictory philosophies of time and chance into a novel and ambitious synthesis. Since its first publication in France in 1978, this book has sparked debate among physicists, philosophers, literary critics and historians.
"Miller and Upton is by far the most cited macroeconomics text in front line academic research journals over the last ten years. It has become a contemporary classic."—Roger C. Kormendi, University of Michigan "The most innovative approach to introducing macroeconomics that I have seen. . . . A 'classic' in the sense that every serious student of macroeconomics is likely to want it in his or her library."—John P. Gould, University of Chicago "The task the authors set out to perform is ambitious: to write a macroeconomics textbook structured around a neoclassical growth model. And in this task they have succeeded."—Clifford W. Smith, Jr., Journal of Finance "This is a superb book. As a vehicle for teaching economics I have to place it right behind Henderson and Quant (Microeconomics) and Dorfman, Samuelson, and Solow (Linear Programming). Moreover, it is an exciting book both to read and to think about. . . . It is not just that these authors have something to say, but their way of saying it is generally superior."—F. E. Banks, Kyklos
Hedonic Wage Equilibrium examines empirically and theoretically the properties of the equilibrium wage function.