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001 9781315099972
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040 _aOCoLC-P
_beng
_erda
_cOCoLC-P
020 _a9781315099972
_qelectronic book
020 _a1315099977
_qelectronic book
020 _a9781351584715
_qelectronic book
020 _a1351584715
_qelectronic book
020 _a9781315698236
_qelectronic book
020 _a1315698234
_qelectronic book
020 _a9781351584708
_qelectronic book
020 _a1351584707
_qelectronic book
020 _a9781351584692
_qelectronic book
020 _a1351584693
_qelectronic book
020 _z9781138296527
_qhardcover
_qalkaline paper
035 _a(OCoLC)1082345184
_z(OCoLC)1082136272
035 _a(OCoLC-P)1082345184
050 1 4 _aHB171.5
_b.K66 2019
072 7 _aBUS
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072 7 _aBUS
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072 7 _aKCP
_2bicssc
082 0 0 _a330
_223
100 1 _aKomlos, John,
_d1944-
_eauthor.
245 1 0 _aFoundations of real world economics :
_bwhat every economics student needs to know /
_cJohn Komlos.
250 _aSecond edition.
264 1 _aNew York, NY :
_bRoutledge,
_c2019.
264 4 _c©2019
300 _a1 online resource
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
505 0 _aWelcome to real-world economics -- Markets are neither omniscient nor omnipotent -- The nature of demand -- Homo oeconomicus is extinct : the foundations of behavioral economics -- Taste makers and consumption -- Firms and imperfect competition -- Returns to the factors of production -- The case for oversight, regulation, and control of markets -- Microeconomic applications on and off the blackboard -- What is macroeconomics? -- Macroeconomics part II -- Macroeconomics part III -- International trade : open economy macroeconomics -- The financial crisis of 2008 -- Conclusion: the foundations of real world economics -- Index.
520 _aThe 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real-world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a Capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
588 _aOCLC-licensed vendor bibliographic record.
650 0 _aEconomics.
650 7 _aBUSINESS & ECONOMICS / Economics / General.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Reference.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / General
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Economics / Macroeconomics
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Economics / Microeconomics
_2bisacsh
856 4 0 _3Taylor & Francis
_uhttps://www.taylorfrancis.com/books/9781315099972
856 4 2 _3OCLC metadata license agreement
_uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
999 _c130816
_d130816