* Presents many of the microeconomic and macroeconomic theories and schools of thought not generally covered in mainstream principles of economics textbooks * Each chapter starts with a short "refresher" of standard neoclassical economic modelling before demonstrating how that model is distorted by people, problems and events in the real world to provide students with a more realistic picture of how the economy works * Updates throughout and new material on populism, racism, inequality, climate change and the covid-19 pandemic * Now has online supplements: quiz questions for students and PowerPoint slides for instructors

* Presents many of the microeconomic and macroeconomic theories and schools of thought not generally covered in mainstream principles of economics textbooks * Each chapter starts with a short "refresher" of standard neoclassical economic modelling before demonstrating how that model is distorted by people, problems and events in the real world to provide students with a more realistic picture of how the economy works * Updates throughout and new material on populism, racism, inequality, climate change and the covid-19 pandemic * Now has online supplements: quiz questions for students and PowerPoint slides for instructors

The effort of anthropometric historians to unearth the broad patterns of human biological well-being has led to the examination of nearly forgotten, centuries-old records from dusty archives in practically all the continents of the globe. French historians in the Annales tradition were among the first to adopt methods from physical anthropology and from the biological sciences, but the real expansion of the field dates from the pathbreaking work of Richard Steckel and Robert Fogel, which launched the discipline of anthropometric history on American soil Research has confirmed that physical stature is related to nutritional status and therefore to real family income, and thus to the general standard of living. Historians and development economists will find this line of research useful, as it informs us about the standard of living of members of society for whom data on wages are seldom available-women, children, aristocrats, farmers, and slaves. In addition, this research has shown that the biological standard of living may diverge from conventional indicators of welfare during the early stages of industrialization. Thus, per capita income is an ambiguous measure of welfare during some phases of growth, and it must be supplemented with data from other indicators, such as physical stature. The essays in this volume broaden our knowledge of the human effects of the momentous economic changes of the last two centuries, extending analysis to regions for which such information has been lacking, including Russia, Canada, Indonesia, Italy, and Spain.

This brief emphasizes the ways in which introductory economics textbooks incorrectly rely on assumptions about the free market, the rational agent model, market fundamentalism, and standard long-standing assumptions in economics, and in doing so disregard the effects of incomplete and asymmetric information on choice and on allocation, and maintain a general but flawed belief that competitive markets can always provide efficient solutions automatically. In other words, the standard economics principles textbook is anachronistic, they assume that tastes are exogenous, they overlook interdependencies and externalities not only in production but in consumption of goods, and they overlook the fact that path-dependence is a major hindrance to optimization. Mainstream principles of economics textbooks distort our worldview with immense political and cultural consequences. Students of these principles deserve a more complete perspective, and this brief critiques that conventional worldview and provides an alternative perspective, with an emphasis on free-market economics wherein the human element should be paramount and moral judgments should override market outcomes. In other words, what is important is not GNP as much as the quality of life, not institutions but how people live and fare in them. This brief argues that economics cannot be a science; it has too many ideological aspects, and in many ways conventional textbooks are not providing a true-to-life depiction of the economy. This Brief will be a reference or supplemental text for college and university students enrolled in such applied undergraduate and graduate courses and seminars in economics and economic theory.

The Oxford Handbook of Economics and Human Biology provides an extensive and insightful overview of how economic conditions affect human well-being and how human health influences economic outcomes. Among the topics explored are how variations in height, whether over time, among different socio-economic groups, and in different locations, are important indicators of changes in economic growth and economic development, levels of economic inequality, and economic opportunities for individuals. The book covers a broad geographic range: Africa, Latin and North America, Asia, and Europe. Its temporal scope ranges from the late Iron Age to the present. Taking advantage of recent improvements in data and economic methods, the book also explores how humans' biological conditions influence and are influenced by their economic circumstances, including poverty. Among the issues addressed are how height, body mass index (BMI), and obesity can affect and are affected by productivity, wages, and wealth. How family environment affects health and well-being is examined, as is the importance of both pre-birth and early childhood conditions for subsequent economic outcomes. Reflecting this dynamic and expanding area of research, the volume shows that well-being is a salient aspect of economics, and the new toolkit of evidence from biological living standards enhances understanding of industrialization, commercialization, income distribution, the organization of health care, social status, and the redistributive state affect such human attributes as physical stature, weight, and the obesity epidemic in historical and contemporary populations.

John Komlos examines the industrial expansion of Austria from a fresh viewpoint and develops a new model for the industrial revolution. By integrating recent advances in the study of human biology and nutrition as they relate to physical stature, population growth, and levels of economic development, he reveals an intense Malthusian crisis in the Habsburg lands during the second half of the eighteenth century. At that time food shortages brought about by the accelerated population growth of the 1730s forced the government to adopt a reform program that opened the way for the beginning of the industrial revolution in Austria and in the Czech Crownlands. Comparing this "Austrian model" of economic growth to the industrial revolution in Britain, Komlos argues that the model is general enough to explain demographic and economic growth elsewhere in Europe--despite obvious regional differences. The main feature of the model is the interplay between a persistent, even if small, tendency to accumulate capital and a population with an underlying tendency to grow in numbers while remaining subject to Malthusian checks, particularly a limited availability of food. According to Komlos, modern economic growth in Europe began when the food constraint was finally lifted.

Originally published in 1989.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Das Buch liefert eine anwendungsorientierte Einfuhrung in oekonometrische Methoden. Anhand einfacher, aber origineller Anwendungen aus verschiedenen Gebieten wie Wirtschaftsgeschichte, Humankapitaltheorie oder Biologie werden die Methoden der klassischen OEkonometrie erklart und veranschaulicht. Auf diese Art und Weise werden nicht nur methodische Fertigkeiten vermittelt, sondern Studierende zum eigenstandigen empirischen Arbeiten motiviert. Fachkenntnisse werden nicht vorausgesetzt. Die 2. Auflage wurde um ein zusatzliches Kapitel erganzt.

This book explores the economic impact of two major mid-nineteenth century reforms: the formation of the customs union between Austria and Hungary and the emancipation of the peasantry. Originally published in 1983. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

John Komlos examines the industrial expansion of Austria from a fresh viewpoint and develops a new model for the industrial revolution. By integrating recent advances in the study of human biology and nutrition as they relate to physical stature, population growth, and levels of economic development, he reveals an intense Malthusian crisis in the Habsburg lands during the second half of the eighteenth century. At that time food shortages brought about by the accelerated population growth of the 1730s forced the government to adopt a reform program that opened the way for the beginning of the industrial revolution in Austria and in the Czech Crownlands. Comparing this "Austrian model" of economic growth to the industrial revolution in Britain, Komlos argues that the model is general enough to explain demographic and economic growth elsewhere in Europe--despite obvious regional differences. The main feature of the model is the interplay between a persistent, even if small, tendency to accumulate capital and a population with an underlying tendency to grow in numbers while remaining subject to Malthusian checks, particularly a limited availability of food. According to Komlos, modern economic growth in Europe began when the food constraint was finally lifted. Originally published in 1989. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

This book explores the economic impact of two major mid-nineteenth century reforms: the formation of the customs union between Austria and Hungary and the emancipation of the peasantry.

Originally published in 1983.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.