List of publications in economics
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This is a list of important publications in economics, organized by field. Some reasons why a particular publication might be regarded as important:
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Macroeconomics
The Wealth of Nations
- Adam Smith
- An Inquiry into the Nature and Causes of the Wealth of Nations, 1776.
- Online version
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
Das Kapital
- Karl Marx
- Das Kapital, 1867
- Capital, Volume I: The Process of Production of Capital
- Capital, Volume II: The Process of Circulation of Capital
- Capital, Volume III: The Process of Capitalist Production as a Whole
- Annotations, Explanations and Clarifications to Capital.
Description: Das Kapital is a political-economic treatise by Karl Marx. The book is a critical analysis of capitalism and of the political economy practices during his time. Marx bases his work on that of the classical economists like Adam Smith, David Ricardo, and even Benjamin Franklin. However, he applies these authors' ideas critically and carefully, so his book is more a critical synthesis than it follows the lead of any one thinker.
Importance: Breakthrough, Influence
General Theory of Employment Interest and Money
- John Maynard Keynes
- General Theory of Employment Interest and Money, 1936
- Online version
Description: The General Theory of Employment Interest and Money is generally considered to be the masterwork of the English economist John Maynard Keynes. To a great extent it created the terminology of modern macro-economics. It was published in February 1936. The book ushered in a revolution, referred to as the "Keynesian Revolution", in the way economists and men in public affairs thought about the economy, and especially how they thought about the feasibility and wisdom of public sector management of the aggregate level of demand in the economy.
Importance: Topic creator, Breakthrough, Influence
Microeconomics
Game Theory John Von Neumann and Oskar Morgenstern 'Theory of Games and Economic Behaviour' (1944)
Econometrics
- Granger, Clive William James and Engle, R. F. (1987) 'Cointegration and Error Correction: Representation, Estimation and Testing', Econometrica, 55(2), March, pp. 251-276.
- Griliches, Zvi and Intrigilator, M. D. (eds.) (1984) Handbook of Econometrics, Five volumes (Amsterdam: North-Holland).
- Hsaio, C. (1986) Analysis of Panel Data, Econometric Society Monograph.
- Lucas , Robert E. Junior (1976) 'Econometric Policy Evaluation: A Critique', 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.
- Dickey, D. A. and Fuller, W. A. (1979) 'Distribution of the Estimators for Autoregressive Time Series with a Unit Root', Journal of the American Statistical Association 74: 427-431.
behavioral economics
Tversky , A., and D. Kahneman. 1974. Judgment Under Uncertainty: Heuristics and Biases. Science 185: 1124-31.
experimental economics
- Camerer, C.F. (2003) 'Behavioral Game Theory'. Princeton (NJ), Princeton University Press.
Description: A new and insightfull handbook for advanced experimental and behavioral economics students.
Importance: Introduction
- Kagel, J. H. and Roth, A. E. (eds.) (1995) 'The Handbook of Experimental Economics'. Princeton (NJ), Princeton University Press.
Description: The most influential experimental economics handbook.
Importance: Introduction, Influence
Finance
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
- Fischer Black and Myron Scholes
- "The Pricing of Options and Corporate Liabilities" Journal of Political Economy 81, 1973, 637-654.
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: Influence
political economy
The Theory of Moral Sentiments
Description: The Theory of Moral Sentiments written by Adam Smith in 1759, is one of the most important works in the theory of capitalism. It provides the ethical, philosophical, psychological and methodological underpinnings to Smith's later works.
Importance: Topic creator, Influence
neuroeconomics
green economics
Consumer theory
Production theory
Industrial organization
Tirole: The theory of Industrial Organisation Shy: Industrial Organization Pepal: Industrial Organisation Churche/Ware: Industrial organisation - a strategic appraoch Sutton: Sunk costs and industry structure
Managerial economics
Labor economics
Development economics
Welfare economics
The Economics of Welfare
- Arthur Cecil Pigou
- The Economics of Welfare, 4th ed. 1932
- 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