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Zane Spindler was an inspiration to generations of economists. He wrote over fifty academic articles and supervised countless students. But his greatest legacy was to live the life of the "total economist". Economics touched every part of his life. And he was unmatched as one who applied rent-seeking analysis to all forms of human interaction. This volume assembles essays on Zane Spindler's thinking and also on his life, as an extension of his thinking, by distinguished economists from around the globe.
When faced with material crises governments do not call upon historians, anthropologists, political scholars, or psychologists. They call on economists. These have developed the most coherent and convincing description of how society organizes itself through a system of accounting amenable to precise analysis. Mastering this analysis is the challenge of the apprentice economist. Learn to become a master from Filip Palda, who earned his Ph.D. in economics at the University of Chicago. Here is what Nobel Prize winners have said about Palda's previous books: "Interesting and well written." Gary S. Becker. Nobel Prize in economics 1992. "Palda offers a novel and interesting perspective." James M. Buchanan. Nobel Prize in economics 1987.
Did you ever want to understand why some societies are prosperous and peaceful while others live in a torment of discord and poverty? In this ground-breaking book Filip Palda, Ph.D. in economics from the University of Chicago, the school that has produced the most Nobel Prize winners in economics, explains in a clear and engaging manner for non-experts and economists alike why economics is the science of peace and prosperity and why these twin goals of every society are based on Pareto efficiency. This is the first guide for the layperson to understanding how politics and economics unite to give us the recipe for success and to provide the warning signs of disaster. Every page provides rich insights into the economics of taxation, the economics of politics (so called Public Choice theory), game theory, and many other parts of economics and delves into important historical episodes to illustrate why Pareto efficiency is the only feasible route to peace and prosperity. The book is intended for anyone with an interest in understanding economics.
Finally, the much awaited third book in Palda's "Social Calculus Trilogy" which covers all branches of economics. In A Better Kind of Violence Palda reveals how in recent years economists have learned to fuse economics and politics to produce a total theory of power. The most surprising conclusions are that politics tends towards a limited form of efficiency and that the advice of policy experts is irrelevant. The book draws on the three pillars of economics (individual maximization of utility, material constraints, the emergence of equilibrium) to show how economists have bypassed all other social sciences in creating the greatest breakthrough in political thinking since Plato.
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