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* 4th edition has more emphasis on inequality, ownership
structures, financialization, the changing nature of work, and
global as well as economy-wide change and uncertainty * Several
chapters include discussion on the impacts of COVID-19 on economic
well-being and other macroeconomic outcomes like health and labour
markets * General updates, including new data, new exercises and
discussion questions * The first three chapters of 3rd edition have
now been condensed to two chapters in the 4th edition * Differs
from other principles books on the market in its pluralist
approach. It covers everything the student needs to know, whilst
also placing issues in their historical, institutional, social,
political, and ethical context. * Introduces students to different
schools of thought in economics. Perspectives include neoclassical
economics, Keynesian economics, ecological economics, institutional
economics and feminist economics. * Logical building-block
structure, providing student with a clear sequential approach to
macroeconomic models. * Companion website with student study guide,
PPT slides and teaching materials (including test bank)
* 5th edition has more content on inequality, wellbeing,
international trade and the changing nature of work * Several
chapters include discussion on the impacts of COVID-19 on
inequality, labour markets, health and beyond * General updates,
including new data, new exercises and discussion questions *
Differs from other principles books on the market in its pluralist
approach. It covers everything the student needs to know, whilst
also placing issues in their historical, institutional, social,
political, and ethical context. * Introduces students to different
schools of thought in economics. Perspectives include neoclassical
economics, Keynesian economics, ecological economics, institutional
economics and feminist economics. * Logical building-block
structure, providing student with a clear sequential approach to
macroeconomic models. * Companion website with student study guide,
PPT slides and teaching materials (including test bank)
* 4th edition has more emphasis on inequality, ownership
structures, financialization, the changing nature of work, and
global as well as economy-wide change and uncertainty * Several
chapters include discussion on the impacts of COVID-19 on economic
well-being and other macroeconomic outcomes like health and labour
markets * General updates, including new data, new exercises and
discussion questions * The first three chapters of 3rd edition have
now been condensed to two chapters in the 4th edition * Differs
from other principles books on the market in its pluralist
approach. It covers everything the student needs to know, whilst
also placing issues in their historical, institutional, social,
political, and ethical context. * Introduces students to different
schools of thought in economics. Perspectives include neoclassical
economics, Keynesian economics, ecological economics, institutional
economics and feminist economics. * Logical building-block
structure, providing student with a clear sequential approach to
macroeconomic models. * Companion website with student study guide,
PPT slides and teaching materials (including test bank)
* 5th edition has more content on inequality, wellbeing,
international trade and the changing nature of work * Several
chapters include discussion on the impacts of COVID-19 on
inequality, labour markets, health and beyond * General updates,
including new data, new exercises and discussion questions *
Differs from other principles books on the market in its pluralist
approach. It covers everything the student needs to know, whilst
also placing issues in their historical, institutional, social,
political, and ethical context. * Introduces students to different
schools of thought in economics. Perspectives include neoclassical
economics, Keynesian economics, ecological economics, institutional
economics and feminist economics. * Logical building-block
structure, providing student with a clear sequential approach to
macroeconomic models. * Companion website with student study guide,
PPT slides and teaching materials (including test bank)
The belief that men and women have fundamentally distinct natures,
resulting in divergent preferences and behaviours, is widespread.
Recently, economists have also engaged in the search for gender
differences, with a number claiming to find fundamental gender
differences regarding risk-taking, altruism, and competition. In
particular, the idea that "women are more risk-averse than men" has
become accepted as a truism. But is it true? And what are its
causes and consequences? Gender and Risk Taking makes three
contributions. First, it asks whether the belief that men and women
have distinct risk preferences is backed up by high quality
empirical evidence. The answer turns out to be "no." This leads to
a second question: Why, then, does so much of the literature claim
to find evidence of "difference"? This, it will be shown, can be
attributed to biases arising from too-easy categorical thinking,
widespread stereotyping, and a tendency to prefer results that are
publishable and that fit one's prior beliefs. Third, the book
explores the economic implications of the conventional association
of risk-taking with masculinity and risk-aversion with femininity.
Not only fairness in employment, but also the health of the
financial sector and national responses to climate change, this
book argues, are being compromised. This volume will be eye-opening
for anyone interested in gender, decision-making, cognition, and/or
risk, especially in areas relating to employment, finance,
management, or public policy.
The belief that men and women have fundamentally distinct natures,
resulting in divergent preferences and behaviours, is widespread.
Recently, economists have also engaged in the search for gender
differences, with a number claiming to find fundamental gender
differences regarding risk-taking, altruism, and competition. In
particular, the idea that "women are more risk-averse than men" has
become accepted as a truism. But is it true? And what are its
causes and consequences? Gender and Risk Taking makes three
contributions. First, it asks whether the belief that men and women
have distinct risk preferences is backed up by high quality
empirical evidence. The answer turns out to be "no." This leads to
a second question: Why, then, does so much of the literature claim
to find evidence of "difference"? This, it will be shown, can be
attributed to biases arising from too-easy categorical thinking,
widespread stereotyping, and a tendency to prefer results that are
publishable and that fit one's prior beliefs. Third, the book
explores the economic implications of the conventional association
of risk-taking with masculinity and risk-aversion with femininity.
Not only fairness in employment, but also the health of the
financial sector and national responses to climate change, this
book argues, are being compromised. This volume will be eye-opening
for anyone interested in gender, decision-making, cognition, and/or
risk, especially in areas relating to employment, finance,
management, or public policy.
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