Economics and Ethics 1: The Microeconomic Basis / Edition 1

Hardcover (Print)
Buy New
Buy New from BN.com
$129.59
Used and New from Other Sellers
Used and New from Other Sellers
from $90.43
Usually ships in 1-2 business days
(Save 52%)
Other sellers (Hardcover)
  • All (5) from $90.43   
  • New (3) from $139.51   
  • Used (2) from $90.43   

Overview

A presentation of the basic models of the most important economic agents (households, firms, the banking system etc.). The influence of ethics on the decisions of persons is discussed within the context of mutual influences of one person on another. It is shown that this leads to a Markov chain which converges to a final situation which in many cases is independent of the initial conditions. The book helps the reader to understand the interdependence of humanities and economics and how to model this interdependence in economics.

Read More Show Less

Product Details

  • ISBN-13: 9783540443186
  • Publisher: Springer Berlin Heidelberg
  • Publication date: 11/19/2007
  • Edition description: 2003
  • Edition number: 1
  • Pages: 342
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.81 (d)

Table of Contents

1 The Theory of the Household.- 1.1 Introduction.- 1.2 Classification of Decisions and of Principles to Rate Them.- 1.3 Private Decisions of Moral Importance.- 1.4 Moral Standards and the Determination of Moral Evaluations of a Decision.- 1.5 A Digression: Explanation of the Transfer Probabilities.- 1.6 The Length of the Economic Horizon.- 1.7 The Relative Frequencies of Personal Decisions.- 1.8 Uncertainty on the Consequences of Decisions.- 1.9 Evaluations in Case of Interdependent Decisions.- 1.10 The General Theory of Household Behavior.- 1.11 Some Further Remarks on Household Theory.- 1.12 Entrepreneurship, Confidence and Trustworthiness.- 1.13 Income and Expenditure of a Household. Some Definitional Relations.- Annex to Section 1.13: Some Details on Income and Expenditure of a Household.- 1.14 Normal Economic Decisions of Private Households and the Budget Constraint.- Annex to Section 1.14: Some Details on Normal Economic Decisions of Private Households and on the Budget Constraint.- 1.15 Consumption and Saving of Private Households.- 1.16 Morality and Criminality in a Society and Their Effect on the Economy.- 1.17 Private Valuations of Collective Issues.- 1.18 Transition to the Next Period: Change of Issues.- 1.19 Collective Decisions.- 1.20 Determination of the Leading Group and of the Influence of Each Person within the Group.- 1.21 Transition to the Next Period: Change of Government.- 1.22 Digression 1: The Interaction of the Spiritual Domain and Economics.- 1.23 Digression 2: The Connection to Sociology and Political Science.- 1.24 The Direct Influence of Ethics on Normal Economic Decisions. A Short Review and Preview.- 1.25 The Conditional Sales or Purchases of Capital Sk and Securities.- 1.26 A Digression: Fixing of the Rates by the Brokers.- 1.27 The Assignment of Households to Decision Situations.- 1.28 The Household Demand as a Function of the Situation of the Economy and of the Characteristics of the Household.- 1.29 A Final Remark: Convergence of Evaluations.- 1.30 Epilogue: The Importance of Humanities and Their Relation to the Natural Sciences.- References.- 2 The Theory of the Firm.- 2.1 Introduction.- 2.2 The Production Department: Production, Capital Equipment, and Replacement.- 2.3 The Production Department: Secondary Inputs.- 2.4 The Production Department: Labor Input.- 2.5 The Handbook of Production.- 2.6 The Inventory Department.- 2.7 The Administration Department: The Organization of a Firm.- 2.8 Some Remarks on Other Characteristics of the Initial Situation of a Firm.- 2.9 The Main Decisions of a Firm Concerning the Real Side.- 2.10 The Initial Situation of a Firm: The Monetary Side.- 2.11 The Possible Decisions of a Firm Concerning the Monetary Sector.- 2.12 Transition of a Firm from One Decision Point to the Next: The Choice Criteria.- 2.13 A Short Look into the Literature.- References.- 3 The Theory of the Banking System.- 3.1 Introductory Remarks.- 3.2 Some Definitions and Relations. A Note.- 3.3 The Balance Sheet of a Commercial Bank.- 3.4 The Profit and Loss Account of a Commercial Bank.- 3.5 The Organization of a Commercial Bank.- 3.6 The Balance Sheet of the Central Bank.- 3.7 The Decision Variables and the Principles of Decision of the Central Bank.- 3.8 The Decision Variables and the Principles of Decision of a Commercial Bank.- 3.9 The Secondary Inputs of a Commercial Bank.- 3.10 A Digression: Dubious Effectiveness of the Discount Policy of the Central Bank.- 3.11 On the Near-Constancy of Some Coefficients in the Monetary Sector of the Economy.- 3.12 A Digression: Some Consequences of the Near-Constancy of Some Coefficients in the Monetary Sector of the Economy; a Simplified Model.- 3.13 A Final Remark.- References.- 4 The Educational System, Development and Research.- 4.1 Some Basic Concepts.- 4.2 Natural Endowments and the School System.- 4.3 Learning by Doing.- 4.4 Development, Research and Technical Progress.- 4.5 Some Remarks on Other Explanations of Technical Progress.- References.- 5 The Theory of the Government.- 5.1 Introduction.- 5.2 Digression 1: An Overview on the Development of Technology and Constitutions in the Last Millennium.- 5.3 Digression 2: An Overview on the Relations of the Status of Agriculture and Handicraft and the Constitutions of Feudalism and Absolutism.- 5.4 Digression 3: An Overview on the Relations of the Status of Industrialism and on the Constitutions of Absolutism and Democracy.- 5.5 The Theory of the Government: Some Definitions and Assumptions.- 5.6 Transition to the Next Period: Decisions of the Government Concerning the Real Side.- 5.7 The Government Budget.- 5.8 Transition to the Next Period: Decisions of the Government Concerning the Monetary Side.- 5.9 Determination of the “Leading Group”: Election of the Members of the Government.- 5.10 Some Notes on the Approach Suggested Here in Comparison to Other Approaches.- References.- 6 The Determination of the Wage Rates.- 6.1 Introduction.- 6.2 Some Basic Definitions and Assumptions.- 6.3 The Determination of the Time Shape of the Trade Unions’ Demands for a Wage Increase.- 6.4 Determination of the Time Shape of the Employers Concessions for the Wage Levels.- 6.5 Wage Determination: The Wage Rates Offered by the Employers and Demanded by the Trade Unions Are Equal.- 6.6 Criticism of Wage Determination by Agreement of Trade Unions and Employer Associations. A Digression.- 6.7 A Short Look into the Literature.- References.- 7 The Theory of the Price of Securities and of the Interest Rates.- 7.1 Introduction.- 7.2 The Price of Securities. A Theory of the Exchange.- 7.3 The Theory of the Determination of the Interest Rates.- 7.4 The Financial Structure of a Commercial Bank.- 7.5 A Short Look into the Literature.- References.- A Final Remark.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)