Tag Archives: Economics in Two Lessons

Economics In Two Lessonsis now available in Australia from Footprint books. Like this:Like Loading...

It’s now April 23 in the US, the official release day for Economics in Two Lessons. That’s nearly eight years after I started work on the book. I think it’s been worth the wait. The painful process has produced something better than I originally planned, with plenty of help from commenters here and elsewhere. According to Amazon, the book is often bought along with Crashed, by Adam Tooze, which is great company to be in. [Begin plug] If you’ve read and liked the book as it...

After eight years, Economics in Two Lessons will be officially published in a few days. According to Amazon, it’s now #1 in Hot New Sellers in microeconomics.https://www.amazon.com.au/gp/new-releases/digital-text/2523939051/ref=zg_bsnr_nav_kinc_4_2523923051I don’t know exactly what that means, but it sounds good.I’ll try to follow up with more general news soon, but for now, I’d appreciate anything you could do to spread the word about my book. I Like this:Like Loading......

Economics in Two Lessons is coming out in the US next week. That gives me an excuse to share some of the nice things people have said about it. I’m particularly pleased with this one from Jacob Hacker, whose own work I admire very much. With apologies to Isaiah Berlin, Quiggin is a foxy hedgehog: He knows two big things, and these twin lessons—about the virtues and limits of markets—sustain a pioneering, persuasive, and even passionate case for democracy and the mixed economy....

Two big pieces of news for me today. This morning I got the first physical copy of my book Economics in Two Lessons. Then, I got the news that, for the first time in my career, I’ve had an article accepted in Econometrica, the top theoretical journal in economics. It’s full of arcane maths, drawing heavily on the expertise of my co-author Ani Guerdjikova, but the key implication is simple. If people aren’t equally good at predicting movements in asset prices, restrictions on...

The concept of opportunity cost “The opportunity cost of anything of value is what you must give up so that you can have it.” is the central theme of my book Economics in Two Lessons, due out in the US on 19 April and hopefully in Australia soon after that. My central claim is that two lessons based on opportunity cost and their relationship to market prices provide a framework within which almost any problem in economic policy can usefully be considered. That’s not the way...

I’ve just heard from Princeton University Press that Economics in Two Lessons will be translated into Chinese. The publisher is  Ginkgo (Beijing) which has had some big successes with recent translations. Apparently, the book was well received at the London Book Fair, which is a trade event focusing on deals like this, so there may be more translations coming. PUP has offered me the option, when the translation is prepared, to look at a sample. If there are any readers of...

I’ve just published a piece in Aeon (an excellent and free online magazine) drawing on the analysis in my (about to be published) book Economics in Two Lessons. I make the case that carbon pricing, whether through a tax of an emissions trading scheme, is the most cost-effective way to stabilize the global climate. Moreover, it’s straightforward to offset any adverse effects on low-income earners, displaced workers and others. That raises the obvious question: if carbon pricing is so...

That’s the headline given to my latest piece in Inside Story Here’s the opening para Two hundred years after the birth of Karl Marx and fifty years after the last Western upsurge of revolutionary ferment in 1968, the term “monopoly capitalism” might seem like a relic of outmoded enthusiasms. But economists are increasingly coming to the view that monopolies, and associated market failures, have never been a bigger problem. and the conclusion The problems of monopoly and...

Today I sent off the corrected proofs of Economics in Two Lessons to the publishers, Princeton University Press. They won’t look at it until New Year, but it doesn’t matter. The book is done, and I can sit down to Christmas dinner with the family knowing it’s off my hands. Like this:Like Loading...