Book Reviews

2012 ◽  
Vol 50 (2) ◽  
pp. 529-532
Keyword(s):  
Massachusetts Institute Of Technology ◽  
Closed Economy ◽  
Public Provision ◽  
Secondary Markets ◽  
Asset Pricing Model ◽  
Liquidity Provision ◽  
Northwestern University ◽  
Liquidity Premia ◽  
Institute Of Technology

Arvind Krishnamurthy of Kellogg School of Management, Northwestern University and NBER reviews “Inside and Outside Liquidity” by Bengt Holmstrom and Jean Tirole. The EconLit abstract of the reviewed work begins: Explores the demand for, and supply of, liquid assets from a modern corporate finance perspective. Discusses leverage; a simple model of liquidity demand; aggregate liquidity shortages and liquidity premia; a liquidity asset pricing model; public provision of liquidity in a closed economy; liquidity provision with access to global capital markets; financial muscle and overhoarding of liquidity; and specialized inputs and secondary markets. Holmstrom is Paul A. Samuelson Professor of Economics at the Massachusetts Institute of Technology. Tirole is Scientific Director of the Institut d'Economie Industrielle and Chairman of the Board of the Toulouse School of Economics. Bibliography; index.

Book Reviews

2014 ◽  
Vol 52 (1) ◽  
pp. 236-237
Keyword(s):  
Eighteenth Century ◽  
Industrial Revolution ◽  
Slow Growth ◽  
Professor Emeritus ◽  
Massachusetts Institute Of Technology ◽  
Banking And Finance ◽  
History Of ◽  
South Sea ◽  
Institute Of Technology

Anne L. Murphy of University of Hertfordshire reviews, “Prometheus Shackled: Goldsmith Banks and England's Financial Revolution after 1700” by Peter Temin and Hans-Joachim Voth. The Econlit abstract of this book begins: “Explores the history of goldsmith banks and their role in the growth of England's economy after 1700. Discusses earning and spending in eighteenth-century London; the financial revolution; goldsmith banks; borrowers, investors, and usury laws; the South Sea Bubble; the triumph of boring banking; and finance and slow growth during the Industrial Revolution. Temin is Elisha Gray II Professor Emeritus of Economics at the Massachusetts Institute of Technology. Voth is ICREA Research Professor at the Universitat Pompeu Fabra.”

Book Reviews

2011 ◽  
Vol 49 (1) ◽  
pp. 164-168
Keyword(s):  
Massachusetts Institute ◽  
Massachusetts Institute Of Technology ◽  
Near Eastern ◽  
Modern Times ◽  
The World ◽  
Industrial Performance ◽  
History Of ◽  
Ancient Mesopotamia ◽  
Institute Of Technology

Michael Bikard of Massachusetts Institute of Technology and NBER reviews “The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times” edited by David S. Landes, Joel Mokyr, and William J. Baumol. The EconLit Abstract of the reviewed work begins, “Eighteen papers examine the history of entrepreneurship throughout the world since antiquity. Papers discuss global enterprise and industrial performance--an overview; entrepreneurs--from the Near Eastern takeoff to the Roman collapse; Neo-Babylonian entrepreneurs; the scale of entrepreneurship in Middle….”

Book Reviews

2011 ◽  
Vol 49 (4) ◽  
pp. 1263-1264
Keyword(s):  
Government Policy ◽  
Massachusetts Institute ◽  
Massachusetts Institute Of Technology ◽  
The World ◽  
The Future ◽  
Institute Of Technology ◽  
Trust Measurement ◽  
As If

Frank Levy of Massachusetts Institute of Technology reviews “The Economics of Enough: How to Run the Economy As If the Future Matters” by Diane Coyle. The EconLit abstract of the reviewed work begins, “Explores how to ensure that government policy and the actions of individuals and private businesses serve the world better in the long term and considers how to make sure that achievements in the present don't come at the expense of the future. Discusses happiness; nature; posterity; fairness; trust; measurement; values; institutions; and the manifesto of enough. Coyle runs Enlightenment Economics, a consulting firm specializing in technology and globalization. Index.”

Book Reviews

2012 ◽  
Vol 50 (2) ◽  
pp. 543-544
Keyword(s):  
Cold War ◽  
Third World ◽  
Massachusetts Institute Of Technology ◽  
Modern Economy ◽  
Political Events ◽  
Institute Of Technology ◽  
The Third World ◽  
The University ◽  
First World

Peter Temin of Massachusetts Institute of Technology reviews “The Age of Equality: The Twentieth Century in Economic Perspective” by Richard Pomfret. The EconLit abstract of the reviewed work begins: Explores how the modern economy has been shaped by economic and political events throughout the last century. Discusses the age of liberty; war and depression; the Soviet economic model; multilateralism and welfare state in the first world; decolonization and cold war; the conservative reaction in the West; the collapse of central planning; the end of the third world; and the move from the age of equality to the age of fraternity. Pomfret is Professor of Economics at the University of Adelaide. Index.

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