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LIST OF PUBLICATIONS IN ECONOMICS
This is a list of important publications in economics, organized by field.
Some reasons why a particular publication might be regarded as important:
- Topic creator – A publication that created a new topic
- Breakthrough – A publication that changed scientific knowledge significantly
- Introduction – A publication that is a good introduction or survey of a topic
- Influence – A publication which has significantly influenced the world
- Latest and greatest – The current most advanced result in a topic
Among the most important list of publication in economics are:
Description: The book is usually considered to be the beginning of modern economics. It begins with a discussion of the Industrial Revolution. Later it critiques the mercantilism and a synthesis of the emerging economic thinking of his time. It is mostly known due to the idea of The Invisible Hand which is an often quoted phrase from the book. Its meaning is that people will unintentionally improve their community through pursuit of their own wants and needs. The Butcher, the Baker, and the Brewer provide goods and services to each other out of self-interest; the unplanned result of this division of labor is a better standard of living for all three.
Importance: Topic creator, Breakthrough, Influence, Introduction
Description: Das Kapital is a political-economic treatise by Karl Marx. While not trained as an economist, Marx wrote this critical analysis of capitalism and of the political economy from the perspective of a philosopher. Marx can be seen as the founder of socialism and communism. His ideas basically have proven themselves to be inneffective. High taxes and high governmental influence into almost all areas of life takes away human responsibility and produces extremely high governmental cost.
Importance: Breakthrough, Influence
Description: In this book, Keynes put forward a theory based upon the notion of aggregate demand to explain variations in the overall level of economic activity, such as were observed in the Great Depression. The total income in a society is defined by the sum of consumption and investment; and in a state of unemployment and unused production capacity, one can only enhance employment and total income by first increasing expenditures for either consumption or investment.
Importance: Topic creator, Breakthrough, Influence
Description: The book by the mathematician John von Neumann and economist Oskar Morgenstern. It contained a mathematical theory of economic and social organization, based on a theory of games of strategy.
This is now a classic work, upon which modern-day game theory is based. Game theory has since been widely used to analyze real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. It is today established, both throughout the social sciences and in a wide range of other sciences.
Importance: Topic creator, Influence
A New Framework for Testing Rationality and Measuring Aggregate Shocks Using Panel Data
- Davies, A. and Lahiri, K.
- Journal of Econometrics 68: 205-227, 1995.
Description:
Importance:
Cointegration and Error Correction: Representation, Estimation and Testing
- Granger, Clive William James and Engle, R. F.
- Econometrica, 55(2), March, pp. 251-276, 1987.
Description:
Importance:
Handbook of Econometrics
- Griliches, Zvi and Intrigilator, M. D. (eds.)
- Handbook of Econometrics, Five volumes (Amsterdam: North-Holland), 1984.
Description:
Importance:
Analysis of Panel Data
- Hsiao, C.
- Econometric Society Monograph, 1986.
Description:
Importance:
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
- Dickey, D. A. and Fuller, W. A
- Journal of the American Statistical Association 74: 427-431, 1979.
Description: Describes the Dickey-Fuller test.
Importance:
Policy Evaluation: A Critique
- Lucas , Robert E. Junior
- in Brunner, K. and Meltzer, A. H. (eds.) The Phillips Curve and Labour Markets, Journal of Monetary Economics (Supplement), 1(xx), xx, pp. 19-46, 1976.
Description:
Importance:
Advances in Behavioral Economics
Description: Definitive one-volume resource on the field.
Importance: Introduction
Judgment Under Uncertainty: Heuristics and Biases
Description:
Importance:
Prospect Theory: An Analysis of Decision Under Risk
Description: In this article, Prospect theory, a descriptive theory of [[decision theory|choices under uncertainty], is introduced, bringing together ideas from psychology (framing and probability weighting) and economics (expected utility).
Importance: Topic creator, Breakthrough
Behavioral Game Theory
Description: A new and insightful handbook for advanced experimental and behavioral economics students.
Importance: Introduction
The Handbook of Experimental Economics
- Kagel, J. H. and Roth, A. E. (eds.)
- Princeton (NJ), Princeton University Press, 1995.
Description: The most influential experimental economics handbook.
Importance: Introduction, Influence
Capital asset pricing model
- William Forsyth Sharpe
- "Capital asset prices: A theory of market equilibrium under conditions of risk", Journal of Finance, 19 (3), 1964, 425-442
Description: Development of the Capital asset pricing model used to determine appropriate prices for assets.
Importance: Topic creator, Influence
The pricing of options and corporate liabilities
Description: It developed the Black-Scholes model for determining the price of options, in particular stock options. The use of the Black-Scholes formula has become pervasive in financial markets, and has been extended by numerous refinements.
Importance: Breakthrough, Influence
Description: Provides the ethical, philosophical, psychological and methodological underpinnings to Smith's later works.
Importance: Topic creator, Influence
Decisions, Uncertainty, and the Brain: The Science of Neuroeconomics
- Glimcher, Paul
- MIT Press, 2003
Description: First book length treatment of the field.
Importance:
See Green economics: References.
The theory of Industrial Organisation
Description:
Importance:
Industrial Organization
Description:
Importance:
Industrial Organisation
Description:
Importance:
Industrial organisation - a strategic approach
Description:
Importance:
Sunk costs and industry structure
Description:
Importance:
- Development macroeconomics - Pierre-Richard Agénor and Peter J. Montiel.
Description: Widely used text book.
Importance: Introduction
The Economics of Welfare
Description: Pigou was the one of the most influential economists that dealt with Welfare economics. He developed the idea of Pigovian tax.
Importance: Topic creator, Breakthrough, Influence
The Economics of Health and Health Care
- Folland S., Goodman AC. and Stano M.
- (4th edition). New Jersey: Prentice Hall, 2001.
Description: The standard health economics textbook in most leading universities. It assumes some background knowledge in economics.
Importance: Introduction.
Handbook of Health Economics
- Culyer AJ. and Newhouse JP. (eds)
- Volumes 1A and 1B. Elsevier: Amsterdam, 2000.
Description: The most comprehensive available collection of essays on contemporary health economics. Advanced readers will appreciate its mathematical rigor. Those who are seeking research or dissertation topics should find this two-volume set to be an invaluable resource.
Importance:
See also
External links
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