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Knowledge: Its Creation, Distribution and Economic Significance, Volume III
The Economics of Information and Human Capital
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Language:
English
Published/Copyright:
2014
About this book
Volume III examines in clear and elegant prose the roles of knowledge and information in economics. Part One analyzes the effects of new or uncertain information on market performance; examines the formation and revision of expectations; and provides a classification of literature and an extensive bibliography. Part Two discusses private and social valuations of education and training, the controversy over nature vs. nurture," the issue of "credentialism," and the depreciation of human capital.
Originally published in 1984.
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.
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Frontmatter
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Contents
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Analytical Table Of Contents
vii -
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Foreword
xvii -
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Acknowledgments
xix -
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Chapter 1. Introduction
1 - Part One. The Economics of Knowledge and Information
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Chapter 2. Old Roots and New Growth
15 -
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Chapter 3. Information and Prices: Futures, Insurance, and Product Markets
42 -
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Chapter 4. Labor Markets and Financial Markets
78 -
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Chapter 5. Public Decisions and Public Goods
121 -
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Chapter 6. New Knowledge, Dispersed Information, and Central Planning
159 -
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Chapter 7. Empirical Research, Theoretical Analysis, Applied Inquiry
205 -
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Appendix to Chapter 7. Contents of Economic Journals: Relative Shares of Empirical, Theoretical, and Applied Work
235 -
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Chapter 8. Economic Agents, Equilibria, and Expectations
245 -
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Chapter 9. The Expanding Specialty: Surveys and Classifications
283 -
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Chapter 10. A New Classification
313 -
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Chapter 11. A Sample Bibliography
335 - Part Two. Knowledge as Human Capital
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Chapter 12. Basic Notions of Capital Theory
403 -
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Chapter 13. Investment in Human Resources and Productive Knowledge
419 -
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Chapter 14. Private and Social Valuation
439 -
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Chapter 15. Human Capacity, Created by Nature and Nurture
453 -
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Chapter 16. The Route from Investments to Returns
468 -
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Chapter 17. Production Functions: The Choice of Variables
492 -
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Chapter 18. Productivity Versus Credentials
523 -
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Chapter 19. Depreciation of Knowledge Stocks and Human Capital
538 -
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Chapter 20. Profiles of Lifetime Learning and Earning
577 -
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Chapter 21. Rates of Return to Investment in Education
590 -
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Index
611
Publishing information
Pages and Images/Illustrations in book
eBook published on:
March 10, 2015
eBook ISBN:
9781400856022
Edition:
Course Book
Pages and Images/Illustrations in book
eBook ISBN:
9781400856022
Keywords for this book
Human capital; Economics; Investment; Income; Depreciation; Economist; Rate of return; Economic planning; Economic equilibrium; Employment; Production function; Supply (economics); Consumer; Capital asset; Uncertainty; An Essay on the Nature and Significance of Economic Science; Economic indicator; Competition (economics); Economic power; Investment goods; Marginal cost; The Wealth Effect; Output (economics); Purchasing power; Economic surplus; The General Theory of Employment; Interest and Money; Market power; Monetary policy; Real versus nominal value (economics); Economic problem; Efficient-market hypothesis; Consumption (economics); Tax; Information economics; Factor price; National Bureau of Economic Research; Profit (economics); Theory of value (economics); Economy; Profit maximization; Dividend policy; Theory Of Price; Insurance; Individualism and Economic Order; Market (economics); Economic Life; Implicit cost; Monetary Theory; Purchasing power parity; Journal of Economic Theory; Diversification (finance); Credit (finance); Market liquidity; Bureau of Economic Analysis; The Theory of Money and Credit; Share price; Commodity; Income elasticity of demand; Applied economics; Marginal rate of substitution; Economic statistics; Welfare economics; Net investment; Foregone Earnings; Input-Output Analysis; Economic Calculation in the Socialist Commonwealth; Comparative economic systems; Capital gain; Revaluation of fixed assets; Capital Economics
Audience(s) for this book
For an expert adult audience, including professional development and academic research
