PRICES AND INFORMATION

A SIMPLE FRAMEWORK FOR UNDERSTANDING ECONOMICS

by

W. Robert Reed and Max Schanzenbach

© 1996 W. Robert Reed and Max Schanzenbach

TABLE OF CONTENTS

PART I: Prices and Information

CHAPTER 1: Why You Should Read This Book
CHAPTER 2: What is the Purpose of an Economy?
CHAPTER 3: How Can You Measure Happiness?
CHAPTER 4: If You Don't Like It, Give 'Em Money
CHAPTER 5: The Incredible Information Contained in Prices: Part I
CHAPTER 6: The Incredible Information Contained in Prices: Part II
CHAPTER 7: The Incredible Information Contained in Prices: Part III
CHAPTER 8: Information and the Fundamental Problem in Economics
CHAPTER 9: The Rest of the (Output Price) Story
CHAPTER 10: The Information Contained in Input Prices
CHAPTER 11: A Ton of Copper Versus A Ton of Steel
CHAPTER 12: A Ton of Ph.D.'s Versus a Ton of High School Dropouts

 
PART II: A Simple Framework for Analyzing Public Policy

CHAPTER 13: The Big Picture
CHAPTER 14: The Amazing Story of Profits
CHAPTER 15: Profits and the Invisible Hand
CHAPTER 16: Price Controls and Other Disasters
CHAPTER 17: Does Recycling Waste Resources?
CHAPTER 18: Job Destruction and Economic Growth
CHAPTER 19: A Simple Framework for Analyzing Public Policy--Part I
CHAPTER 20: A Simple Framework for Analyzing Public Policy--Part II
CHAPTER 21: A Simple Framework for Analyzing Public Policy--Part III
CHAPTER 22: Can We Afford to Let the Maritime Industry Sink?
CHAPTER 23: Job Training--Ticket to Prosperity?
CHAPTER 24: Making Ourselves Poorer by Trying to Make Ourselves Richer
CHAPTER 25: These Quotas Don't Amount to Peanuts
CHAPTER 26: Who Will Protect Workers and Consumers?
CHAPTER 27: OSHA--We're From the Government and We're Here to Help You
CHAPTER 28: Unintended Consequences of Consumer Safety Regulation?
CHAPTER 29: A Game Called Hot 'N Cold

 
PART III: Extensions of the Simple Framework

CHAPTER 30: Moving to Greener Pastures
CHAPTER 31: That Loud Sucking Sound
CHAPTER 32: But Where Will the Jobs Come From?
CHAPTER 33: Who Gains From Trade?
CHAPTER 34: How to Spite Our Collective Face by Cutting Off Our Collective Noses
CHAPTER 35: Are Trade Deficits Bad?
CHAPTER 36: Trade Wins, and Losses
CHAPTER 37: The Information Contained in Interest Rates
CHAPTER 38: Who Watches Out for Our Children's Children?
CHAPTER 39: The Great Timber Famine
CHAPTER 40: A Little Bit of Heaven on Earth
CHAPTER 41: All for One and One for All?
CHAPTER 42: What's the Catch?

 
PART IV: Market Imperfections and the Public Sector

CHAPTER 43: Market Imperfection I: Monopolies
CHAPTER 44: A Government Price Fix
CHAPTER 45: Regulating a Monopolist
CHAPTER 46: Market Imperfection II: Externalities
CHAPTER 47: Environmental Regulation
CHAPTER 48: Market Imperfection III: Public Goods
CHAPTER 49: Public Goods and Free Riders
CHAPTER 50: Voting on Public Goods: All in Favor, Say "Aye"
CHAPTER 51: Free Riders Versus Forced Riders
CHAPTER 52: Exploiting Fellow Citizens for Fun and Profit
CHAPTER 53: Why Economists Disagree
CHAPTER 54: Closing Thoughts

 

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