Brookings Inst Press

  • Social Dynamics

    Social Dynamics

    Brookings Inst Press

    Economists have traditionally studied aggregate behavior as the outcome of individual decisions made interactively, while sociologists have focused on the role of social influences on individual behavior. Over the past decade, however, the barriers between the disciplines have broken down, resulting in the new area of social economics. Social economics is based on the assumption that individuals are directly influenced by the choices and characteristics of others, creating a feedback loop from the past choices of some people to the current social context and hence future choices of others. The essays in this book, by some of the creators of the field, provide an overview of social economics and represent a variety of approaches, including theoretical model-building, empirical studies, statistical analyses, and philosophical reflections.

    • Hardcover $30.00
    • Paperback $25.00
  • Economics for Policymaking

    Economics for Policymaking

    Selected Essays of Arthur M. Okun

    Brookings Inst Press and Suzanne G. Okun

    Arthur Okun - teacher at Yale in the 1950s, member and later Chairman of the President's Council of Economic Advisors in the 1960s, and Fellow of the Brookings Institution throughout the 1970s - was one of the three or four most important macroeconomists of the past twenty years. He was perhaps unique in having the respect and admiration of both academic economists and practical politicians. Okun was an effective mediator between the realms of economic theory and analysis and the making and implementation of public policy. These thirty-one essays, whether they first appeared in the American Economic Review or in the New York Times Magazine, are all marked by a lucid and readable style of writing and by a willingness to grapple with real economic, social, and political problems. They are grouped under eight headings: Inflation: Causes and Cures; Implicit Contracts; Output, Employment, and Unemployment; Fiscal and Monetary Policy; Economic Performance, 1960-1980; Economic Forecasting; Economic Policy Formulation; and Equality and Efficiency.

    • Hardcover $62.00
    • Paperback $70.00