21st Century Economics

Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its progress.

This compilation of short essays helps readers interested in economics to identify 21st century economic ideas that should be read and remembered. The authors state their personal opinion on what matters most in contemporary economics and reveal its fascinating and creative sides.

Introduction (Bruno S. Frey and Christoph A. Schaltegger). - Christine Benesch recommends Mostly Harmless Econometrics: An Empiricist' s Companion by Joshua D. Angrist and Jörn-Steffen Pischke (Christine Bensch). - Matthias Benz recommends The Political Economy of Government Responsiveness: Theory and Evidence from India by Tim Besley and Robin Burgess (Matthias Benz). - Aleksander Berentsen recommends Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto (Aleksander Berentsen). - Thomas Bernauer recommends Tracking the Ecological Overshoot of the Human Economy by Mathis Wackernagel et al. (Thomas Bernauer). - Peter Bernholz recommends Redesigning Democracy: More Ideas for Better Rules by Hans Gersbach (Peter Bernholz). - Norbert Berthold recommends The Son Also Rises: Surnames and the History of Social Mobility by Gregory Clark (Norbert Berthold). - Urs Birchler recommends Why Every Economist Should Learn Some AuctionTheory by Paul Klemperer (Urs Bichler). - Luigino Bruni recommends The Idea of Justice by Amartya Sen (Luigino Bruni). - Monika Bütler recommends The Economic Importance of Financial Literacy: Theory and Evidence by Annamaria Lusardi and Olivia S. Mitchell (Monika Bütler). - Peter Cauwels recommends Critical Transitions in Nature and Society by Marten Scheffer (Peter Cauwels). - Sir Paul Collier recommends Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being by George A. Akerlof and Rachel E. Kranton (Sir Paul Collier). - Reto Cueni recommends Too much Finance? by Jean Louis Arcand, Enrico Berkes and Ugo Panizza (Reto Cueni). - Jakob de Haan recommends Why Nations Fail: The Origins of Power, Prosperity and Poverty by Daron Acemoglu and James Robinson (Jakob de Haan). - Reiner Eichenberger recommends Self-Interest through Delegation: An Additional Rationale for the Principal-Agent Relationship by John Hamman, George Loewenstein and Roberto Weber (Reiner Eichenberger). - Lars P. Feld recommends Happiness, Economy and Institutions by Bruno S. Frey and Alois Stutzer (Lars P. Feld). - Reto Foellmi recommends Firms in International Trade by Andrew B. Bernard et al. (Reto Foellmi). - Nicolai J. Foss recommends Economics and Identity by George A. Akerlof and Rachel E. Kranton (Nicolai J. Foss). - Bruno S. Frey recommends Mindful Economics: The Production, Consumption, and Value of Beliefs by Roland Bénabou and Jean Tirole (Bruno S. Frey). - Jetta Frost recommends Collective Action and the Evolution of Social Norms by Elinor Ostrom (Jetta Frost). - Clemens Fuest recommends Yes, Economics Is a Science by Raj Chetty (Clemens Fuest). - Allan Guggenbühl recommends Storytelling Animal: How Stories Make Us Human by Jonathan Gottschall (Allan Guggenbühl). - Jochen Hartwig recommends In It Together: Why Less Inequality Benefits All by OECD (Jochen Hartwig). - Jürg Helblingrecommends Capital in the 20th Century by Thomas Piketty (Jürg Helbling). - Sir David F. Hendry recommends An Analysis of the Indicator Saturation Estimator as a Robust Regression Estimator by Søren Johansen and Bent Nielsen (Sir David F. Hendry). - Gerard Hertig recommends Legal Origins by Edward L. Glaeser and Andrei Shleifer (Gerard Hertig). - Bruno Heyndels recommends Gender Quotas and the Crisis of the Mediocre Man: Theory and Evidence from Sweden by Timothy Besley et al. (Bruno Heyndels). - David Iselin recommends The Superiority of Economists by Marion Fourcade, Etienne Ollion and Yann Algan (David Iselin). - Beat Kappeler recommends Beyond the Keynesian Endpoint: Crushed by Credit and Deceived by Debt How to Revive the Global Economy by Tony Crescenzi (Beat Kappeler). - John Kay recommends The Secret of Our Success: How Culture Is Driving Human Evolution, Domesticating Our Species, and Making Us Smarter by Joseph Henrich (John Kay). - Martin Killias recommends Crime and Everyday Life by Marcus Felson and Rachel Boba (Martin Killias). - Hartmut Kliemt recommends Violence and Social Orders by Douglass C. North, John Joseph Wallis and Barry R. Weingast (Hartmut Kliemt). - Kai A. Konrad recommends Lenders Blind Trust and Borrowers Blind Spots: A Descriptive Investigation of Personal Loans by Linda Dezsö and George Loewenstein (Kai A. Konrad). - George Loewenstein recommends Self-Signaling and Diagnostic Utility in Everyday Decision Making by Ronit Bodner and Drazen Prelec (George Loewenstein). - Ulrich Matter recommends Towards a Political Theory of the Firm by Luigi Zingales (Ulrich Matter). - Peter Nijkamp recommends The False Duality of Work and Leisure by Joy E. Beatty and William R. Torbert (Peter Nijkamp). - Karl-Dieter Opp recommends Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard H. Thaler and Cass R. Sunstein (Karl-Dieter Opp). - Margit Osterloh recommends Do Women Shy Away from Competition? Do Men Compete Too Much? " by Muriel Niederle and Lise Vesterlund (Margit Osterloh). - Martin Ravallion recommends Poverty Traps by Samuel Bowles, Steven Durlauf and Karla Hoff (Martin Ravallion). - Susan Rose-Ackerman recommends Corruption, Norms, and Legal Enforcement: Evidence from Diplomatic Parking Tickets by Raymond Fisman and Edward Miguel (Susan Rose-Ackerman). - Katja Rost recommends " The Network Structure of Social Capital" by Ronald S. Burt (Katja Rost). - Mark Schelker recommends Salience and Taxation: Theory and Evidence by Raj Chetty, Adam Looney and Kory Kroft (Mark Schelker). - Sascha L. Schmidt recommends Moneyball: The Art of Winning an Unfair Game by Michael Lewis (Sascha L. Schmidt). - Friedrich Schneider recommends Public Choice III by Dennis C. Mueller (Friedrich Schneider). - Ronnie Schöb recommends Economics and Identity by George A. Akerlof and Rachel E. Kranton (Ronnie Schöb). - Gerhard Schwarz recommends Why Capitalism? by Allan H. Meltzer (Gerhard Schwarz). - David Stadelmann recommends Public Policy and the Initiative and Referendum: A Survey with Some New Evidence by John G. Matsusaka (David Stadelmann). - Bruno Staffelbach recommends The Lucifer Effect: Understanding How Good People Turn Evil by Philip Zimbardo (Bruno Staffelbach). - Tobias Straumann recommends This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth S. Rogoff (Tobias Straumann). - Alois Stutzer recommends Political Selection by Timothy Besley (Alois Stutzer). - Cass R. Sunstein recommends Scarcity: Why Having Too Little Means So Much by Sendhil Mullainathan and Eldar Shafir (Cass R. Sunstein). - Guido Tabellini recommends A Model of Social Identity with an Application to Political Economy: Nation, Class and Redistribution by Moses Shayo (Guido Tabellini). - Mark Thoma recommends Learning and Expectations in Macroeconomics by George Evans and Seppo Honkapohja (Mark Thoma). - Benno Torgler recommends Economics Rules: The Rights and Wrongs of the Dismal Science by Dani Rodrik (Benno Torgler). - Jean-Robert Tyran recommends Patience and the Wealth of Nations by Thomas Dohmen et al. (Jean-Robert Tyran). - Ruut Veenhoven recommends The Broaden-and-Build Theory of Positive Emotions by Barbara Fredrickson (Ruut Veenhoven). - Carl Christian von Weizsäcker recommends Trills Instead of T-Bills: It' s Time to Replace Part of Government Debt with Shares in GDP by Mark J. Kamstra and Robert J. Shiller (Carl Christian von Weizsäcker). - Gert G. Wagner recommends Homo Ignorans: Deliberately Choosing Not to Know by Ralph Hertwig and Christoph Engel (Gert G. Wagner). - Hannelore Weck-Hannemann recommends Orchestrating Impartiality: The Impact of `Blind Auditions on Female Musicians by Claudia Goldin and Cecilia Rouse (Hannelore Weck-Hannemann). - Barry R. Weingast recommends Economic Backwardness in Political Perspective by Daron Acemoglu and James A. Robinson (Barry R. Weingast). - Barbara E. Weissenberger recommends Management Control Systems. Performance Measurement, Evaluation, and Incentives by Kenneth A. Merchant and Wim A. Van der Stede (Barbara E. Weissenberger). - Ludger Woessmann recommends Measuring the Impacts of Teachers II: Teacher Value-Added and Student Outcomes in Adulthood by Raj Chetty, John N. Friedman and Jonah E. Rockoff (Ludger Woessmann). - Klaus F. Zimmermann recommends Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being by George A. Akerlof and Rachel E. Kranton (Klaus F. Zimmermann). - Postscript (Bruno S. Frey and Christoph A. Schaltegger).