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The Resource Trillion dollar economists : how economists and their ideas have transformed business, Robert E. Litan

Trillion dollar economists : how economists and their ideas have transformed business, Robert E. Litan

Label
Trillion dollar economists : how economists and their ideas have transformed business
Title
Trillion dollar economists
Title remainder
how economists and their ideas have transformed business
Statement of responsibility
Robert E. Litan
Creator
Subject
Language
eng
Summary
  • "A detailed look at how economists shaped the world, and how the legacy continuesTrillion Dollar Economists explores the prize-winning ideas that have shaped business decisions, business models, and government policies, expanding the popular idea of the economist's role from one of forecaster to one of innovator. Written by the former Director of Economic Research at Bloomberg Government, the Kauffman Foundation and the Brookings Institution, this book describes the ways in which economists have helped shape the world - in some cases, dramatically enough to be recognized with a Nobel Prize or Clark Medal. Detailed discussion of how economists think about the world and the pace of future innovation leads to an examination of the role, importance, and limits of the market, and economists' contributions to business and policy in the past, present, and future. Few economists actually forecast the economy's performance. Instead, the bulk of the profession is concerned with how markets work, and how they can be made more efficient and productive to generate the things people want to buy for a better life. Full of interviews with leading economists and industry leaders, Trillion Dollar Economists showcases the innovations that have built modern business and policy. Readers will: Review the basics of economics and the innovation of economists, including market failures and the macro-micro distinction Discover the true power of economic ideas when used directly in business, as exemplified by Priceline and Google Learn how economists contributed to policy platforms in transportation, energy, telecommunication, and more Explore the future of economics in business applications, and the policy ideas, challenges, and implications Economists have helped firms launch new businesses, established new ways of making money, and shaped government policy to create new opportunities and a new landscape on which businesses compete. Trillion Dollar Economists provides a comprehensive exploration of these contributions, and a detailed look at innovation to come"--
  • "Demonstrates how ideas in economics have shaped business decisions and models, as well as government policies. Discusses the pace of future innovation, how economists think about the world, and the role and importance of markets and their limits"--
Member of
Assigning source
  • Provided by publisher
  • Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1950-
http://library.link/vocab/creatorName
Litan, Robert E.
Dewey number
338.5
Index
index present
LC call number
HD30.23
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/subjectName
  • Decision making
  • Economists
  • Economics
  • Commerce
  • BUSINESS & ECONOMICS
  • Commerce
  • Decision making
  • Economics
  • Economists
Label
Trillion dollar economists : how economists and their ideas have transformed business, Robert E. Litan
Instantiates
Publication
Note
Includes index
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Title; Copyright; Dedication; Preface; Chapter 1: Introduction: Economists as Innovators; Organization of the Book; My Personal Interest (and Bias); Notes; Chapter 2: An Easy Introduction to Economics; Rationality; Markets; Market Failures; The Macro-Micro Distinction; Economic Growth in the Short and Long Run; The Equity-Efficiency Tradeoff; Innovation and Growth: The Role of Economists; The Bottom Line; Notes; Part I: The Power of Economic Ideas: Direct Use in Business; Chapter 3: The Price Is Right; The Bloomberg Way of Pricing; Auctions; Different Prices for Different Folks
  • The Bottom LineNotes; Chapter 4: Minimizing Costs; Optimization; Learning by Doing; The Bottom Line; Notes; Chapter 5: Beyond Moneyball; A Brief Guide to Regression Analysis; The Business of Forecasting; The Business of Economic Consulting; Data Analytics and Big Data; Econometrics and Sports: Moneyball; Regulatory Moneyball; The Bottom Line; Notes; Chapter 6: Experiments in Economics and Business; Economics in the Lab: Vernon Smith and Experimental Economics; Lab Experiments in Business: Focus Groups; Economic Experiments in the Field: Randomized Controlled Trials
  • Business Experimentation in the FieldInnovation and Entrepreneurship: Experimentation as the Foundation of Growth; The Bottom Line; Notes; Chapter 7: Matchmaker, Matchmaker; A Gentle Introduction to Market Design and Matching Theory; Matchmaking in the Labor Market; Matchmaking and Online Dating; The Bottom Line; Notes; Chapter 8: Economists and Mostly Good Financial Engineering; Not Putting Your Eggs in One Basket: The Rise of Index Investing; Efficient Markets and Their Implications; Behavioral Finance; Valuing Options: Upsides and Downsides; The Bottom Line; Notes
  • Part II: Economist-Inspired Policy Platforms for Private BusinessChapter 9: Planes, Trains, and ... Trucks; Origins of Transportation Regulation; Airline Deregulation; Trucking Deregulation; Railroad Deregulation; Deregulation's Impact: The Transportation Industry; Deregulation as a Business Platform; The Bottom Line; Notes; Chapter 10: Economists and the Oil and Gas Revolution; The Origins and Decline of Price Regulation of Fossil Fuels; The Oil and Gas Supply Revolution; The Energy Revolution as a Platform Technology; The Bottom Line; Notes
  • Chapter 11: Economists and the Telecommunications RevolutionEconomists in a Quick History of Communications; When Natural Monopolies End: The Run-Up to the AT & T Antitrust Case; Competition in Telecommunications: The Benefits of AT & T's Breakup; Economists and Price Cap Regulation; Economists and Spectrum Allocation; The Bottom Line; Notes; Chapter 12: Economists, Financial Policy, and Mostly Good Finance; Economists and Competition in Brokerage Commissions; Economists as Detectives: Accelerating Automated Trading; Economists and the Financial Crisis
Control code
882620591
Extent
1 online resource
Form of item
online
Isbn
9781118781807
Lccn
2014026251
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
e7eff50c-477b-44cc-9e5b-35e8cde775a2
Specific material designation
remote
System control number
(OCoLC)882620591
Label
Trillion dollar economists : how economists and their ideas have transformed business, Robert E. Litan
Publication
Note
Includes index
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Title; Copyright; Dedication; Preface; Chapter 1: Introduction: Economists as Innovators; Organization of the Book; My Personal Interest (and Bias); Notes; Chapter 2: An Easy Introduction to Economics; Rationality; Markets; Market Failures; The Macro-Micro Distinction; Economic Growth in the Short and Long Run; The Equity-Efficiency Tradeoff; Innovation and Growth: The Role of Economists; The Bottom Line; Notes; Part I: The Power of Economic Ideas: Direct Use in Business; Chapter 3: The Price Is Right; The Bloomberg Way of Pricing; Auctions; Different Prices for Different Folks
  • The Bottom LineNotes; Chapter 4: Minimizing Costs; Optimization; Learning by Doing; The Bottom Line; Notes; Chapter 5: Beyond Moneyball; A Brief Guide to Regression Analysis; The Business of Forecasting; The Business of Economic Consulting; Data Analytics and Big Data; Econometrics and Sports: Moneyball; Regulatory Moneyball; The Bottom Line; Notes; Chapter 6: Experiments in Economics and Business; Economics in the Lab: Vernon Smith and Experimental Economics; Lab Experiments in Business: Focus Groups; Economic Experiments in the Field: Randomized Controlled Trials
  • Business Experimentation in the FieldInnovation and Entrepreneurship: Experimentation as the Foundation of Growth; The Bottom Line; Notes; Chapter 7: Matchmaker, Matchmaker; A Gentle Introduction to Market Design and Matching Theory; Matchmaking in the Labor Market; Matchmaking and Online Dating; The Bottom Line; Notes; Chapter 8: Economists and Mostly Good Financial Engineering; Not Putting Your Eggs in One Basket: The Rise of Index Investing; Efficient Markets and Their Implications; Behavioral Finance; Valuing Options: Upsides and Downsides; The Bottom Line; Notes
  • Part II: Economist-Inspired Policy Platforms for Private BusinessChapter 9: Planes, Trains, and ... Trucks; Origins of Transportation Regulation; Airline Deregulation; Trucking Deregulation; Railroad Deregulation; Deregulation's Impact: The Transportation Industry; Deregulation as a Business Platform; The Bottom Line; Notes; Chapter 10: Economists and the Oil and Gas Revolution; The Origins and Decline of Price Regulation of Fossil Fuels; The Oil and Gas Supply Revolution; The Energy Revolution as a Platform Technology; The Bottom Line; Notes
  • Chapter 11: Economists and the Telecommunications RevolutionEconomists in a Quick History of Communications; When Natural Monopolies End: The Run-Up to the AT & T Antitrust Case; Competition in Telecommunications: The Benefits of AT & T's Breakup; Economists and Price Cap Regulation; Economists and Spectrum Allocation; The Bottom Line; Notes; Chapter 12: Economists, Financial Policy, and Mostly Good Finance; Economists and Competition in Brokerage Commissions; Economists as Detectives: Accelerating Automated Trading; Economists and the Financial Crisis
Control code
882620591
Extent
1 online resource
Form of item
online
Isbn
9781118781807
Lccn
2014026251
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
e7eff50c-477b-44cc-9e5b-35e8cde775a2
Specific material designation
remote
System control number
(OCoLC)882620591

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