This book is an attempt to explain to the layperson what contemporary economics is about. It starts on the assumption that most economics is just refined common sense and clearly explains the key ideas associated with each issue. All the main topics of academic economics are considered: the theory of individual choice, the labour market, the competition between firms, international trade, economic growth, the stock market, unemployment, and money. The general principles are sketched first without maths or diagrams, and then discussed in the context of topical problems such as the collapse of communism in Eastern Europe, the lack of development in the third-world countries, the contrast between market forces and the protection of the environment, showing how economics is not necessarily a dry academic pursuit.

An important U.S. ally in the Middle East

'Speckled with anecdotes, insights and surprises. It is great fun - and utterly timely' Sunday Times 'Standage writes with a masterly clarity' New York Times 'The product of deep research, great intelligence and burnished prose . . . It is rare that I encounter a non-fiction author whose prose is so elegant that it is worth reading for itself. Standage is a writer of this class' Wall Street Journal Beginning around 3,500 BC with the wheel, and moving through the eras of horsepower, trains and bicycles, Tom Standage puts the rise of the car – and the future of urban transport – into a broader historical context. Our society has been shaped by the car in innumerable ways, many of which are so familiar that we no longer notice them. Why does red mean stop and green mean go? Why do some countries drive on the left, and some on the right? How did cars, introduced only a little over a century ago, change the way the world was administered, laid out and policed, along with experiences like eating and shopping? And what might travel in a post-car world look like? As social transformations from ride-sharing to the global pandemic force us to critically re-examine our relationship with personal transportation, A Brief History of Motion is an essential contribution to our understanding of how the modern world came to be.

Praise for the previous edition: ..".[a] concise and interesting account of the histor[y] of Brazil..."--American Reference Books Annual

Presents a history of Mexico, from pre-Columbian times through the early 2000s.

Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-preserving) operations are developed in asset spaces and pricing kernel spaces. This has a very important implication leading to practical guidance in portfolio management and asset allocation in the global financial industry. The book also covers topics, such as the role of over-confidence in asset pricing modeling, relationship of the portfolio insurance with option and consumption-based asset pricing models, etc.

Packed with case studies and practical real-world examples, Electricity Marginal Cost Pricing Principles allows regulators, engineers and energy economists to choose the pricing model that best fits their individual market. Written by an author with 13 years of practical experience, the book begins with a clear and rigorous explanation of the theory of efficient pricing and how it impacts investor-owned, publicly-owned, and cooperatively-owned utilities using tried and true methods such as multiple-output, functional form, and multiproduct cost models. The author then moves on to include self-contained chapters on applying estimating cost models, including a cubic cost specification and policy implications while supplying actual data and examples to allow regulators, energy economists, and engineers to get a feel for the methods with which efficient prices are derived in today's challenging electricity market. - A guide to cost issues surrounding the generation, transmission, and distribution of electricity - Clearly explains cost models which can yield the marginal cost of supplying electricity to end-users - Real-world examples that are practical, meaningful, and easy to understand - Explans the policy implications of each example - Provide suggestions to aid in the formation of the optimal market price

This thoroughly revised and updated edition of Adrian Bardon's A Brief History of the Philosophy of Time is a short introduction to the history, philosophy, and science of the study of time--from the pre-Socratic philosophers through Einstein and beyond. Bardon covers subjects such as time and change, the experience of time, physical and metaphysical approaches to the nature of time, the direction of time, time travel, time and freedom of the will, and scientific and philosophical approaches to cosmology and the beginning of time. He employs helpful illustrations and keeps technical language to a minimum in bringing the resources of over 2500 years of philosophy and science to bear on some of humanity's most fundamental and enduring questions.

Builds a market simulator to back test trading algorithms Implements closed-form strategies that optimize trading signals Measures liquidity risk and stress test portfolios for fire sales Analyze algorithms’ performance controlling for common trading biases Estimates price impact models using the public trading tape