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The highly engaging introduction to thinking like an economist,
updated for a new generation of readers. When economists wrestle
with any social issue—be it unemployment, inflation, healthcare,
or crime and punishment—they do so impersonally. The big question
for them is: what are the costs and benefits, or trade-offs, of the
solutions to such matters? These trade-offs constitute the core of
how economists see the world—and make the policies that govern
it. Trade-Offs is an introduction to the economic approach of
analyzing controversial policy issues. A useful introduction to the
various factors that inform public opinion and policymaking,
Trade-Offs is composed of case studies on topics drawn from across
contemporary law and society. Intellectually stimulating yet
accessible and entertaining, Trade-Offs will be appreciated by
students of economics, public policy, health administration,
political science, and law, as well as by anyone following current
social policy debates.
This illustrated book, first published in 1936, is an edited
compilation of source material drawn from some 145 diverse naval
documents covering a period of more than three centuries from 1497
to 1805. The editors' intention was to smooth the approach to a
highly technical subject, and to use original documents to give
concrete illustrations of the limiting conditions of sea warfare,
thus removing some common misconceptions such as that the big
Spanish ships of the Armada were defeated by cockleshells manned by
volunteers. Subjects include the seaworthiness of ships in
Elizabethan times; Drake's views on strategy; sea punishments;
Kempenfelt's 1782 design for a signal book; victuals; the battle of
Kentish Knock (1562); the 1803 defences against invasion; Nelson's
watch off Toulon; the coppering of ships; and many other topics
giving insights into the history and development of the British
navy.
The Economics of Crime presents a review of economic scholarly
research in the ever-growing field of crime and punishment. Without
using graphs or mathematical equations, Winter combines theory and
empirical evidence relating to public policy concerns over a wide
range of controversial topics such as the death penalty, racial
bias in the criminal justice system, gun control, the war on drugs,
fines versus imprisonment, policing tactics, and shaming
punishments. In addition to offering an updated and expanded
coverage of these, and other topics, this second edition is more
international in scope, with the inclusion of studies that use data
from Italy, Australia, the U.K., Singapore, Brazil, and others.
Also included is a brand-new chapter on the application of
behavioral economics to crime and punishment, providing readers
with a succinct introduction to this modern and increasingly
important approach to economic issues. By requiring no previous
knowledge of economics, this book continues to be the perfect
choice for students new to the study of economics and public
policy, whether it is in the discipline of economics, political
science, criminology, law, or any other field that is concerned
with issues in crime and punishment. Furthermore, due to its
accessibility, The Economics of Crime can be enjoyed by anyone who
follows current public policy debate over some of society's most
contentious issues.
"The Economics of Excess" discusses both standard and behavioral
economics as they apply to addiction, indulgence, and social
policy.
Chapter One provides a thorough discussion of economic models of
addiction. The model developed in most detail takes into account
both standard and behavioral approaches. The next three chapters
examine specific indulgences: smoking, drinking, and overeating.
The heart of this book is its comprehensive discussion of what is
often referred to as the "new paternalism." Many economists are now
challenging the more traditional belief that, unless they are
harming others, people should be left to their own indulgences. As
more and more economists are arguing for policies that are designed
to protect people from themselves, this book offers a serious, yet
accessible, discussion of the pros and cons of such interventions.
Written in an approachable style, this book will serve researchers
who are new to the economics of addiction and students in a variety
of economics and policy courses alike.
The Economics of Crime presents a review of economic scholarly
research in the ever-growing field of crime and punishment. Without
using graphs or mathematical equations, Winter combines theory and
empirical evidence relating to public policy concerns over a wide
range of controversial topics such as the death penalty, racial
bias in the criminal justice system, gun control, the war on drugs,
fines versus imprisonment, policing tactics, and shaming
punishments. In addition to offering an updated and expanded
coverage of these, and other topics, this second edition is more
international in scope, with the inclusion of studies that use data
from Italy, Australia, the U.K., Singapore, Brazil, and others.
Also included is a brand-new chapter on the application of
behavioral economics to crime and punishment, providing readers
with a succinct introduction to this modern and increasingly
important approach to economic issues. By requiring no previous
knowledge of economics, this book continues to be the perfect
choice for students new to the study of economics and public
policy, whether it is in the discipline of economics, political
science, criminology, law, or any other field that is concerned
with issues in crime and punishment. Furthermore, due to its
accessibility, The Economics of Crime can be enjoyed by anyone who
follows current public policy debate over some of society's most
contentious issues.
When economists wrestle with issues such as unemployment,
inflation, or budget deficits, they do so by incorporating an
impersonal, detached mode of reasoning. But economists also analyze
issues that, to others, typically do not fall within the realm of
economic reasoning, such as organ transplants, cigarette addiction,
overeating, and product safety. "Trade-Offs" is an introduction to
the economic approach to analyzing these controversial public
policy issues. Harold Winter provides readers with the analytical
tools needed to identify and understand the trade-offs associated
with these topics. By considering both the costs and benefits of
potential policy solutions, Winter stresses that real-world
decision making is best served by an explicit recognition of as
many trade-offs as possible. This new edition incorporates recent
developments in policy debates, including the rise of "new
paternalism," or policies designed to protect people from
themselves; alternative ways to increase the supply of organs
available for transplant; and economic approaches to controlling
infectious disease.
Is file-sharing destroying the music industry? Should the courts
encourage breach of contract? Does the threat of malpractice
lawsuits cause doctors to provide too much medical care? Do judges
discriminate when sentencing? With Issues in Law and Economics,
Harold Winter takes readers through these and other recent and
controversial questions. In an accessible and engaging manner,
Winter shows these legal issues can be reexamined through the use
of economic analysis. Using real-world cases to highlight issues,
Winter offers step-by-step analysis, guiding readers through the
identification of the trade-offs involved in each issue and
assessing the economic evidence from scholarly research before
exploring how this research may be used to guide policy
recommendations. The book is divided into four sections, covering
the basic practice areas of property, contracts, torts, and crime,
with a fifth section devoted to a concise introduction to the topic
of behavioral law and economics. Each chapter concludes with a
series of thought-provoking discussion questions that provide
readers the opportunity to further explore important ideas and
concepts.
"The Economics of Excess" discusses both standard and behavioral
economics as they apply to addiction, indulgence, and social
policy.
Chapter One provides a thorough discussion of economic models of
addiction. The model developed in most detail takes into account
both standard and behavioral approaches. The next three chapters
examine specific indulgences: smoking, drinking, and overeating.
The heart of this book is its comprehensive discussion of what is
often referred to as the "new paternalism." Many economists are now
challenging the more traditional belief that, unless they are
harming others, people should be left to their own indulgences. As
more and more economists are arguing for policies that are designed
to protect people from themselves, this book offers a serious, yet
accessible, discussion of the pros and cons of such interventions.
Written in an approachable style, this book will serve researchers
who are new to the economics of addiction and students in a variety
of economics and policy courses alike.
When economists wrestle with issues such as unemployment,
inflation, or budget deficits, they do so by incorporating an
impersonal, detached mode of reasoning. But economists also analyze
issues that, to others, do not typically fall within the realm of
economic reasoning, such as organ transplants, cigarette addiction,
smoking in public, and product safety. "Trade-Offs" is an
introduction to the economic approach to analyzing these
controversial public policy issues.Harold Winter provides readers
with the analytical tools needed to identify and understand the
trade-offs associated with these topics. By considering both the
costs and benefits of potential policy solutions, Winter stresses
that real-world policy decision-making is best served by an
explicit recognition of as many trade-offs as
possible.Intellectually stimulating yet accessible and
entertaining, "Trade-Offs" will be appreciated by students of
economics, public policy, health administration, political science,
and law, as well as by anyone who follows current social policy
debates.
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