Cass R. Sunstein Recommends “Scarcity: Why Having Too Little Means So Much” by Sendhil Mullainathan and Eldar Shafir

Abstract

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. 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) nnie 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) -- .