Arnold Kling reports:
…the new Concise Encyclopedia of Economics
is dirt cheap. The hardback edition retails for $45 and runs over 600
pages, in an unusually large 8-1/2 by 11 size. Contributors include
Bryan and myself, but most of the authors are actually respectable. In
fact, many are quite renowned. Although it is structured as a reference
work, it can be fun just to read. But I don’t recommend taking it on
your next plane trip.
The editor was David R. Henderson, who sometimes comments on this blog.
He is also author of the excellent and much underrated The Joy of Freedom. Russ Roberts and I were on the editorial board and we are also contributors. The publisher is Liberty Fund. I haven’t seen a copy yet of the final edition, but I believe this will be a very useful way for many people to learn economics. The Amazon link is here.
Any idea of how it compares to the _New Palgrave_ series (or even the “World of economics” volume in that series that tried to take the most important articles from the other volumes)? I have many of those volumes and have found them to be extremely useful though they are not a bit out of date in some cases.
Mehul,
Based on the quote you give, I agree with you. While stocks probably are indeed harder to value than bonds, what does this have to do with efficiency?
After all, efficiency does not imply that expected pay-offs are identical to actual pay-offs.It just means that the expected value of the error term equals zero because all availabe information has been priced in.
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Is it realistic in the book?
Everything is decided by the market instead of any single human being’s personal feeling.
But opportunity and efforts are same important on the way to yr goal.
Like the aion gold performance in the market.
thank you for this information
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