Measurement And Meaning In Economics
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| Author | : Deirdre N. McCloskey |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 0 |
| Release | : 2001 |
| Genre | : Econometrics |
| ISBN | : 9781852788186 |
A collection of writings on economic history and the rhetoric of economics. McCloskey (human sciences, U. of Illinois, Chicago) argues that economics has become ahistorical and narrowly scientific--a harmful development for a moral science; she has declared that economics would improve if economists would read more novels. The papers here, spanning the 1970s, '80s and '90s, work toward exploring and repairing the dysfunctional relationship between economics and the humanities. c. Book News Inc.
| Author | : Clayton M. Christensen |
| Publisher | : Harvard Business Review Press |
| Total Pages | : 28 |
| Release | : 2017-01-17 |
| Genre | : Business & Economics |
| ISBN | : 1633692574 |
In the spring of 2010, Harvard Business School’s graduating class asked HBS professor Clay Christensen to address them—but not on how to apply his principles and thinking to their post-HBS careers. The students wanted to know how to apply his wisdom to their personal lives. He shared with them a set of guidelines that have helped him find meaning in his own life, which led to this now-classic article. Although Christensen’s thinking is rooted in his deep religious faith, these are strategies anyone can use. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
| Author | : Joseph E. Stiglitz |
| Publisher | : The New Press |
| Total Pages | : 450 |
| Release | : 2019-11-19 |
| Genre | : Political Science |
| ISBN | : 1620975726 |
Today's leading economists weigh in with a new "dashboard" of metrics for measuring our economic and social health "What we measure affects what we do. If we focus only on material well-being—on, say, the production of goods, rather than on health, education, and the environment—we become distorted in the same way that these measures are distorted." —Joseph E. Stiglitz A consensus has emerged among key experts that our conventional economic measures are out of sync with how most people live their lives. GDP, they argue, is a poor and outmoded measure of our well-being. The global movement to move beyond GDP has attracted some of the world's leading economists, statisticians, and social thinkers who have worked collectively to articulate new approaches to measuring economic well-being and social progress. In the decade since the 2008 economic crisis, these experts have come together to determine what indicators can actually tell us about people's lives. In the first book of its kind, leading economists from around the world, including Thomas Piketty, Emmanuel Saez, Elizabeth Beasely, Jacob Hacker, François Bourguignon, Nora Lustig, Alan B. Krueger, and Joseph E. Stiglitz, describe a range of fascinating metrics—from economic insecurity and environmental sustainability to inequality of opportunity and levels of trust and resilience—that can be used to supplement the simplistic measure of gross domestic product, providing a far more nuanced and accurate account of societal health and well-being. This groundbreaking volume is sure to provide a major source of ideas and inspiration for one of the most important intellectual movements of our time.
| Author | : Ivan Moscati |
| Publisher | : |
| Total Pages | : 345 |
| Release | : 2019 |
| Genre | : Business & Economics |
| ISBN | : 0199372764 |
Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 697 |
| Release | : 2013 |
| Genre | : Business & Economics |
| ISBN | : 0821397281 |
"This work is a product of the staff of The World Bank with external contributions"--T.p. verso.
| Author | : International Monetary Fund. Statistics Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 49 |
| Release | : 2018-04-05 |
| Genre | : Business & Economics |
| ISBN | : 1498307361 |
"Digitalization encompasses a wide range of new applications of information technology in business models and products that are transforming the economy and social interactions. Digitalization is both an enabler and a disruptor of businesses. The lack of a generally agreed definition of the “digital economy” or “digital sector” and the lack of industry and product classification for Internet platforms and associated services are hurdles to measuring the digital economy. This paper distinguishes between the “digital sector” and the increasingly digitalized modern economy, often called the “digital economy,” and focuses on the measurement of the digital sector. The digital sector covers the core activities of digitalization, ICT goods and services, online platforms, and platform-enabled activities such as the sharing economy."
| Author | : Mr.Marshall B Reinsdorf |
| Publisher | : International Monetary Fund |
| Total Pages | : 49 |
| Release | : 2020-05-18 |
| Genre | : Business & Economics |
| ISBN | : 1513544586 |
Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement agenda. This paper argues that economic welfare is a narrower concept than well-being. The new focus implies a need to prioritize filling data gaps involving the economic welfare indicators of the System of National Accounts 2008 (SNA) and improving their quality, including the quality of the consumption price indexes. Development of distributional indicators of income, consumption, and wealth should also be a priority. Definitions and assumptions can have big effects on these indicators and should be documented. Concerns have also arisen over potentially overlooked welfare growth from the emergence of the digital economy. However, the concern that free online platforms are missing from nominal GDP is incorrect. Also, many of the welfare effects of digitalization require complementary indicators, either because they are conceptually outside the boundary of GDP or impossible to quantify without making uncertain assumptions.
| Author | : Adam Smith |
| Publisher | : |
| Total Pages | : 522 |
| Release | : 1822 |
| Genre | : Economics |
| ISBN | : |
| Author | : Albert N. Link |
| Publisher | : Taylor & Francis |
| Total Pages | : 93 |
| Release | : 2021-07-08 |
| Genre | : Business & Economics |
| ISBN | : 1000442209 |
Metrology is the study of measurement science. Although classical economists have emphasized the importance of measurement per se, the majority of economics-based writings on the topic have taken the form of government reports related to the activities of specific national metrology laboratories. This book is the first systematic study of measurement activity at a national metrology laboratory, and the laboratory studied is the U.S. National Institute of Standards and Technology (NIST) within the U.S. Department of Commerce. The primary objective of the book is to emphasize for academic and policy audiences the economic importance of measurement not only as an area of study but also as a tool for sustaining technological advancement as an element of economic growth. Toward this goal, the book offers an overview of the economic benefits and consequences of measurement standards; an argument for public sector support of measurement standards; a historical perspective of the measurement activities at NIST; an empirical analysis of one particular measurement activity at NIST, namely calibration testing; and a roadmap for future research on the economics of metrology.
| Author | : Matthew Bishop |
| Publisher | : Bloomberg Press |
| Total Pages | : 282 |
| Release | : 2004-05-01 |
| Genre | : Business & Economics |
| ISBN | : 9781861975805 |
