21st Century Economics Economic Ideas You Should Read and Remember
Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable k
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21st Century Economics
Bruno S. Frey • Christoph A. Schaltegger Editors
21st Century Economics Economic Ideas You Should Read and Remember
Editors Bruno S. Frey University of Basel CREMA Zurich, Switzerland
Christoph A. Schaltegger University of Lucerne Department of Economics Lucerne, Switzerland
ISBN 978-3-030-17739-3 ISBN 978-3-030-17740-9 (eBook) https://doi.org/10.1007/978-3-030-17740-9 © Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Introduction
Modern economics is a vivid, dynamic and relevant social science—this is the firm conviction of the two editors. But what is the content of modern economics? What should one read and remember? In order to find out, we asked a number of young and old, beginning and accomplished, professional economists. We did not in any way interfere in what the contributions should contain; the contributors were completely free to choose any text they wanted. There were only three requirements. The text recommended to be read and remembered: • Must be publicly available. It can be an article, a book or any other type of publication. • Must have been published since the year 2000. While we fully acknowledge the major impact exerted on economics by scholars like Adam Smith, Karl Marx, Joseph Schumpeter or John Maynard Keynes, we wanted to know what modern texts are recommended. • The contribution must not exceed 3500 characters and must recommend only one text. The result is this book containing recommendations to read and remember by 61 contributors. They come from many different countries and make a large number of different proposals. This illustrates that economics in the
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