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Books

New and noteworthy books in economics (June)

Posted by e-axes on June 1, 2017

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The Wealth of Humans – Work and Its Absence in the Twenty-first Century
Author: Ryan Avent -The Economist

“To work is human, yet the world of work is changing fast, and in unexpected ways. With rapid advances in information technology, huge swathes of the job market – from cleaners and drivers to journalists and doctors – are being automated: a staggering 47% of American employment is at risk of automation within the next two to three decades. At the same time, millions more jobs are being created. What does the future of work hold? In this illuminating new investigation of what this means for us, Ryan Avent lays bare the contradictions in today’s global labour market. From Volvo’s operations in Sweden to the vast ‘Factory Asia’ hub in China, he offers the first clear explanation of the state we’re in-and how we could get out of it.

 

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
Author: Mihir Desai – Harvard University

“Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating Harvard MBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history, and philosophy to explain the inner workings of finance in a manner that has never been seen before. This book captures Desai’s lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession.”

 

Discovering Prices – Auction Design in Markets with Complex Constraints
Author: Paul Milgrom – Stanford University

“In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource allocation problems.”
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New and Noteworthy Books in Economics (September)

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New and Noteworthy Books in Economics (August)

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New and Noteworthy Books in Economics (July)

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