Contrary to popular opinion, human resources, in general, and personnel, in particular, are well-suited to economic analysis. Edward Lazear, who founded the subfield of personnel economics, provides a quick introduction for economists who have not studied the area. Contrary to popular opinion, human resources, in general, and personnel, in particular, are well-suited to economic analysis. Edward Lazear, who founded the subfield of personnel economics, provides a quick introduction for economists who have not studied the area. He clearly and engagingly summarizes his and others' work that has taken place during the past fifteen years, including recent advances in the field. Mainstream economic theory has been considered too abstract to be of much practical use in the hiring, organizing, and motivating of employees, leaving the field of personnel to industrial psychologists and sociologists. In this book Edward Lazear shows that economic analysis can be extended to an important, but traditionally neglected, class of practical problems. He shows that by adding more detail and structure to their theory, economists can make specific predictions and prescriptions for personnel issues that arise in business on a daily basis. Lazear focuses on compensation and its relation to worker motivation, selection, and teamwork. He also discusses job design, job evaluation, institutional arrangements, and directions for future research.

LARGE PRINT EDITION! More at LargePrintLiberty.com. This book is a masterpiece of argumentation, and shockingly radical in its conclusions. Rothbard says that the very existence of the state--the entity with a monopoly privilege to invade private property--is contrary to the ethics of liberty. A society without a state is not only viable; it is the only one consistent with natural rights. In this volume, Rothbard first familiarizes the reader with Natural Law theory. After this ethical introduction, he goes on to address numerous ethical issues, showing how liberty is in the right in every case. In the final two sections, Rothbard enumerates the state's role in society as inherently anti-liberty, and details the structure of alternate theories of liberty.

This book provides a framework for thinking about economic institutions such as firms. The basic idea is that institutions arise in situations where people write incomplete contracts and where the allocation of power or control is therefore important. Power and control are not standard concepts in economic theory. The book begins by pointing out that traditional approaches cannot explain on the one hand why all transactions do not take place in one huge firm and on the other hand why firms matter at all. An incomplete contracting or property rights approach is then developed. It is argued that this approach can throw light on the boundaries of firms and on the meaning of asset ownership. In the remainder of the book, incomplete contracting ideas are applied to understand firms' financial decisions, in particular, the nature of debt and equity (why equity has votes and creditors have foreclosure rights); the capital structure decisions of public companies; bankruptcy procedure; and the allocation of voting rights across a company's shares. The book is written in a fairly non-technical style and includes many examples. It is aimed at advanced undergraduate and graduate students, academic and business economists, and lawyers, as well as those with an interest in corporate finance, privatization and regulation, and the transition from socialism to capitalism. Little background knowledge is required, since the concepts are developed as the book progresses and the existing literature is fully reviewed.

In Becoming an Entrepreneur, Paul Zane Pilzer shares the stories of his entrepreneur journey -- how he succeeded when he didn't know what he didn't know, and how you too can succeed as an entrepreneur! Pilzer is a masterful storyteller, sharing nuggets of wisdom and inspiration along with his infectious optimism to motivate any entrepreneur. Including: How Pilzer got rejected from Wharton's MBA program on April 10, 1974, but then accepted on April 17 - How to turn your rejections into acceptances. How Pilzer earned his first $1 million on the side while working full-time at Citibank. Should you quit before you are fired? How Apple violated Pilzer's trademark and offered a settlement that would have hurt their earnings and how he turned their offer into a balance sheet asset for Apple by making it a $1.25 million purchase of his startup's software. How there is a business opportunity almost every time you are an unhappy customer - Start a company to serve other unhappy customers. Let Paul Zane Pilzer mentor you to becoming an entrepreneur! Paul Zane Pilzer is a New York Times bestselling author, the founder of six companies, a world-renowned economist, a social entrepreneur, an adjunct professor, and the author of 13 books. He received his BA from Lehigh University in three years and his MBA from Wharton in 15 months. Pilzer became Citibank's youngest officer at age 22 and its youngest VP at age 26. At 24, he joined the faculty at New York University where he taught for 21 years and was student-rated "best professor" five times.

"Global capitalism is facing an unprecedented crisis. The global economy is mired in prolonged stagnation. The worldwide social fabric is in decay. Civil strife and social upheaval are tearing up political systems and, in some cases, leading to the collapse of states. The planetary ecosystem is breaking down. Millions are fleeing, displaced by climate change, transnational corporate land grabs, wars and political persecution. How far into the future can global capitalism endure? In this urgent new study, sociologist William I. Robinson presents a "big picture" snapshot of the crisis of capitalism and the battle for the future of humanity. Drawing on 30 years of scholarship and activism, Robinson applies his original theory of global capitalism to the emerging digital age. He shows how global elites have pinned their hope on economic reactivation through the application of radical new digital technologies and financial strategies to the global economy and society. The rulers will turn to enhancing a global police state to contain mass rebellion as humanity enters a season of chaos and global civil war. The capitalist class and privileged strata of humanity may be able to survive collapse for decades to come even as a majority of humanity faces desperate struggles for survival that lead many to perish in the coming years. But there is eventually a terminal point to capitalist expansion as mass extinction and the radical alteration of the natural environment make life for our species and most others impossible. The only solution is a reversal of escalating inequalities through a radical redistribution of wealth and power downward as a first step in replacing the capitalist system, with its relentless pursuit of private profit at all cost, by an ecosocialism that prioritizes social need and harmony with the rest of nature. Theoretically sophisticated and engaging, this concise study will be satisfying to scholars yet accessible to a broader public concerned with the urgent political affairs of our day"--

"A narrative which reads as easily as an historical novel, but is faithful to facts." Daily Telegraph "The story is worked out like a film scenario, with cameras switching from court to street, from street to battlefield in a dramatic series. Mr. Aronson knows how to appeal to our visual imagination." Spectator "One can only greet with pleasure a book on a historically most fertile theme that may be called a popular work of considerable appeal and relevance." History Today "Mr. Aronson's style is clear and effective and not unduly overcoloured; while the portraits he draws of his unlucky protagonists are both sensible and sympathetic." Financial Times "We shall have a lot of 1870 this year but I shall be surprised if anything is written which is much better than this." Books and Bookmen The year 1970 marks the centenary of one of the great turning-points in world history: the outbreak of the Franco-Prussian war and the resulting downfall of the French Second Empire. For centuries, until the debacle of 1870, France had been mistress of Europe and Paris the capital of the civilized world. Then suddenly, in a matter of weeks, culminating in the Prussian victory at Sedan, the centre of European gravity swung from Paris to Berlin; Germany became the dominant country on the Continent and it took two of the greatest wars mankind has ever known to oust her from this position. Under its creator, the romantic, inscrutable Napoleon III (‘a sphinx without a riddle', said Bismarck), and his beautiful Empress, Eugenie, the Empire had known 'eighteen years of luxury, pleasure, recklessness and gaiety, of gallantry and incomparable elegance'. In the spring of 1870 a massive vote of confidence in the so-called Liberal Empire had seemed to assure the future of the regime; yet, by the end of the summer, the French armies had suffered ignominious defeat; the Emperor himself had been taken prisoner at Sedan, and the bewildered young Prince Imperial, robbed of his hopes of military glory, had made his escape to England. Eugenie, who had revelled in her dramatic role as Regent, could hardly bring herself to accept that total disaster had overtaken France. But, after one terrible outburst against the Emperor, she rallied with a courage that survived her escape from Paris, the proclamation of a Republic, the twilight years of exile in England, and the death of the Emperor. The Prince Imperial was never to forget the shame of Sedan; anxious to prove himself worthy of his destiny, he met his death fighting with the British army in the Zulu War when he was twenty-three. The seventeen assegai wounds which killed him were all in the front of his body; and in his wallet was found a vicious French newspaper article raking up yet again the charge of Bonaparte cowardice. The Fall of the Third Napoleon gives both a splendidly clear-cut analysis of the reasons for the collapse of the Empire, and a sympathetic, freshly angled presentation of the two main characters—of Napoleon, hardly the 'coward of Sedan' of his enemies' imaginings, and Eugenie who, though highhanded and impetuous, was far from the war-mongering virago of popular legend. The action takes place against a changing and colourful backdrop: Haussmann's grandiose Paris, the Taderies and Saint Cloud, the sodden roads and bloody battlefields of north-eastern France, a country house in Kent, a lonely hollow in the South African veld.. . `It is all very beautiful—for the moment,' said Alfred de Musset at a ball at the Tuileries during the Second Empire, but I would not give two sous for the last act!' This book is the story of that last act—a gaslit tragedy, both brilliant and sombre.

This is the first volume of the Handbook of Game Theory with Economic Applications, to be followed by two additional volumes. Game Theory has developed greatly in the last decade, and today it is an essential tool in much of economic theory. The three volumes will cover the fundamental theoretical aspects, a wide range of applications to economics, several chapters on applications to political science, and individual chapters on relations with other disciplines. The topics covered in the present volume include chess-playing computers, an introduction to the non-cooperative theory, repeated games, bargaining theory, auctions, location, entry deterrence, patents, the cooperative theory and its applications, and the relation between Game Theory and ethics. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

2015 Reprint of 1951 Edition. Full facsimile of the original edition. Not reproduced with Optical Recognition Software. First published in 1913 and generally held to be her finest achievement, this volume reveals Luxemburg as a Marxist critical of Karl Marx. It offers a theory of the dynamic development of capitalism which is of continued relevance to contemporary scholarship. Taking Marx as her starting point, she offers an independent and fiercely critical explanation of the economic and political consequences of capitalism in the context of the turbulent times in which she lived, reinterpreting events in the United States, Europe, China, Russia and the British Empire. Most today believe there is no alternative to global capitalism. This book is a timely and forceful statement of an opposing view. Rosa Luxemburg was born in 1870 in Russian Poland. She was murdered in Germany while on way to prison. Contains an introduction by Joan Robinson.

New England's economy has a history as dramatic as any in the world. From an inauspicious beginning--as immigration ground to a halt in the eighteenth century--New England went on to lead the United States in its transformation from an agrarian to an industrial economy. And when the rest of the country caught up in the mid-twentieth century, New England reinvented itself as a leader in the complex economy of the information society. Engines of Enterprise tells this dramatic story in a sequence of narrative essays written by preeminent historians and economists. These essays chart the changing fortunes of entrepreneurs and venturers, businessmen and inventors, and common folk toiling in fields, in factories, and in air-conditioned offices. The authors describe how, short of staple crops, colonial New Englanders turned to the sea and built an empire; and how the region became the earliest home of the textile industry as commercial fortunes underwrote new industries in the nineteenth century. They show us the region as it grew ahead of the rest of the country and as the rest of the United States caught up. And they trace the transformation of New England's products and exports from cotton textiles and machine tools to such intangible goods as education and software. Concluding short essays also put forward surprising but persuasive arguments--for instance, that slavery, while not prominent in colonial New England, was a critical part of the economy; and that the federal government played a crucial role in the development of the region's industrial skills.

Over the past decade, a small group of economists has challenged traditional wisdom about international trade. "Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade. Krugman's introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization, the effects of protectionism, and what constitutes an optimal trade policy In the four sections that follow, he takes a revisionary look at the causes of international trade, and discusses growth and the role of history, technological change and trade, and strategic trade policy. Essays in part I review and challenge the theories of Ricardo and his successors, rethinking a 160-year tradition of looking at international trade. Models are presented in which trade frequently arises because of opportunities to exploit increasing returns through exports rather than from comparative advantage. In part II, Krugman traces the resulting pattern of trade specialization not only to the influence of comparative advantage but also to more arbitrary factors such as historical events, the rachet effect of cumulative processes, technological changes, and temporary economic shocks. Part III expands on the theme of technological change as a key factor in determining the pattern of specialization in international trade and addresses questions about the effects of innovation, or lack of it, on a country's international trade position. The concluding essays examine the issue of protectionismalong with other elements of trade policy, showing how protectionist policies, used as an export enhancement device by some national governments, may shift world specialization to the advantage of the protectionist nations. Paul R. Krugman is Professor of Economics at MIT.

2016 Reprint of Undated Original Edition [Circa 1965]. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This gives a succinct account of Rothbard's view of the state. Following Franz Oppenheimer and Albert Jay Nock, Rothbard regards the state as a predatory entity. It does not produce anything but rather steals resources from those engaged in production. In applying this view to American history, Rothbard makes use of the work of John C. Calhoun How can an organization of this type sustain itself? It must engage in propaganda to induce popular support for its policies. Court intellectuals play a key role here, and Rothbard cites as an example of ideological mystification the work of the influential legal theorist Charles Black, Jr., on the way the Supreme Court has become a revered institution. A wealth of citations and references supports the basic premise.

Interior pages have penciled notes in margins. Otherwise good, clean. Light wear to boards, tight binding. No DJ. Inv.# G0154

Examines the role of women as leaders, activists, and members of the labor movement in New York and Chicago during the late nineteenth and early twentieth centuries

2009 Reprint of original 1956 edition. Paperback, 114pp. Mises wrote and lectured extensively on behalf of classical liberalism and is seen as one of the leaders of the Austrian School of economics. Mises introduced praxeology as a more general conceptual foundation of the social sciences and established that economic laws were only arrived at through the means of methodological individualism firmly rejecting positivism and materialism as a foundation for the social sciences. Many of his works were on two related economic themes:1. Monetary economics and inflation; 2. The differences between government controlled economies and free trade.

Israel Kirzner is an outstanding student of Mises's, and here is his sweeping defense of the Misesian definition of the scope and meaning of economic science. He compares the Misesian view of human action with the neoclassical and classical school, and contrasts their views on rationality, human choice, scarcity, and scientific method. The book came out in 1960, before Rothbard's treatise and before the growth of the Austrian movement. It therefore exercised an important influence on the rising generation. Its contribution is to place the Misesian perspective within the context of the history of thought, demonstrating its unique contribution.